Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — Q1 2025 Earnings Presentation
17 slides from Compania Sud Americana De Vapores's earnings presentation, May 26, 2025
Slide 1: Investor Presentation CSAV Q1 2025 Results Call
Investor Presentation CSAV Q1 2025 Results Call Hamburg, 26 May 2025
Slide 2: First Quarter 2025 Highlights
First Quarter 2025 Highlights We had a good start to the year as expected, with clearly higher volumes and earnings despite continued operational challenges CSAV Q1 2025 Results Call The market environment was mixed: Transportation demand remained robust while spot freight rates fell sharply Hanseat
Slide 3: Global container volumes remained strong in Q1 ahead of anticipated US tariff increases
Global container volumes remained strong in Q1 ahead of anticipated tariff increases in the US 1 HIGHLIGHTS GLOBAL CONTAINER VOLUMES [TEU m] 2024 2025 Q1 2024 Q1 2025 43.1 TEU m +4.2% 44.9 TEU m ▪ Global container volumes 17 increased by 4.2% in Q1 2025 CSAV Q1 2025 Results Call 16 15 ▪ Transpacific
Slide 4: China-US bookings rebounded sharply after the preliminary tariff agreement
After a drop in April, China-US bookings rebounded sharply above previous levels following the preliminary tariff agreement 1 HIGHLIGHTS ▪ Bookings from China to the US dropped clearly US RELATED GLOBAL CONTAINER VOLUMES IN 2024 [TEU M] in April as a result of the introduction of very high tariffs.
Slide 5: Gemini launched on February 1; transition to new east-west network continues
On February 1, we successfully launched Gemini and the transition to our new east-west network continues to go well 1 HIGHLIGHTS ~95% All ~3,250 vessels phased in Mainline and Shuttle Port calls since Feb 1 CSAV Q1 2025 Results Call (Hapag-Lloyd and Maersk) services started on Mainliners and Shuttle
Slide 6: Hanseatic Global Terminals is expanding its business in India and France
Hanseatic Global Terminals is expanding its business in India and France 1 HIGHLIGHTS KEY DEVELOPMENTS ▪ Extended concessions for Florida and Haldia (India) terminals CSAV Q1 2025 Results Call ▪ Successful terminal inauguration of Tuticorin (India) ▪ Construction of the new Damietta container termin
Slide 7: Q1 2025 earnings improved clearly, leading to good cash generation and strong balance sheet
Group Q1 2025 earnings improved clearly, leading to a good cash generation and strong balance sheet 2 FINANCIALS Q1 2025 GROUP KEY FIGURES Transport Volume Revenue EBITDA [MTEU]1 [USD bn] [USD bn] CSAV Q1 2025 Results Call +9% +15% +17% 3.0 3.3 4.6 5.3 0.9 1.1 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024
Slide 8: Both business segments delivered solid results
Both business Volumes increased segments by 4.7% delivered in 2024 solid mainlyresults, due tobenefiting high demand from on the Pacific higher volumes trade while the average freight rate was flat 2 FINANCIALS LINER SHIPPING TERMINAL & INFRASTRUCTURE CSAV Q1 2025 Results Call USD m Q1 2024 Q1 2025
Slide 9: Liner Shipping Segment: freight rate and transport volume development
Liner Shipping Segment Volumes increased and the average by 4.7% freight in 2024 rate mainly in thedue Liner toShipping high demand on the Pacific segment increased trade 9% while YoY the average freight rate was flat 2 FINANCIALS FREIGHT RATE DEVELOPMENT [USD/TEU] TRANSPORT VOLUME DEVELOPMENT BY TR
Slide 10: Unit costs affected by Red Sea re-routings, port disruptions and Gemini phase-in
Liner Shipping Segment Unit cost were affected by continued Red Sea re-routings, operational disruptions in ports and the Gemini phase-in 2 FINANCIALS UNIT COST DEVELOPMENT [in USD/TEU] YEAR-ON-YEAR UNIT COST TREND Volume [TEU m] 3.0 3.1 3.2 3.1 3.3 ▪ “Bunker & Emissions” decreased due to lower bunk
Slide 11: Comprehensive cost program to maintain long-term competitiveness
We have initiated a comprehensive cost program to maintain long-term competitiveness 2 FINANCIALS A broad-based inflation has led to a permanent PROFITABILITY LEVERS increase in our main cost components Pricing Review of pricing strategy to adopt even faster CSAV Q1 2025 Results Call UNIT COST [USD/
Slide 12: Demand trend in 2025 very uncertain due to US tariff policy and Red Sea situation
Demand trend in 2025 very uncertain due to US tariff policy and Red Sea situation 3 MARKET SUPPLY & DEMAND Container volume growth [TEU] 18% Container transport work growth [TEU-miles] CSAV Q1 2025 Results Call Fleet capacity growth 11% Clarksons' April forecast for 8% TEU-miles growth assumes conti
Slide 13: Orderbook remains elevated due to fleet renewal needs and stricter emissions regulations
Orderbook remains elevated due to fleet renewal needs and stricter emissions regulations 3 MARKET CONTAINER VESSEL ORDERBOOK [TEU m; % of world fleet] CAPACITY OLDER THAN 25 YEARS [TEU m] Orderbook Share of world fleet 27% 27% 28% 4.2 CSAV Q1 2025 Results Call 26% 22% 16% 13% 3.3 11% 10% 10% 2.7 2.2
Slide 14: Solid start to the year, but impact of tariffs on FY 2025 difficult to assess
Solid start to the year, but the impact of tariffs on FY 2025 performance is difficult to assess 4 OUTLOOK FY 2025 FY 2024 CSAV Q1 2025 Results Call Outlook Transport Increasing 12,467 TTEU volume clearly Decreasing Freight rate 1,492 USD/TEU clearly1 Bunker At previous 588 USD/mt consumption price
Slide 15: Priorities for 2025 & beyond
Priorities for 2025 & beyond 5 PRIORITIES Ensure a seamless phase-in of the Gemini network to achieve our schedule CSAV Q1 2025 Results Call reliability target of 90% Maintain high customer satisfaction by focusing on operational excellence and exceptional service quality Continue expanding our Term
Slide 16: Disclaimer
Disclaimer 1 APPENDIX Forward-looking statements This presentation contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of CSAV Q1 2025 Results Call assumptions, estimates, projections or plans that are inherently subject to sign
Slide 17: Hapag-Lloyd Investor Relations
Hapag-Lloyd Investor Relations Ballindamm 25 20095 Hamburg Tel: +49 (40) 3001-3705 ir@hlag.com All publication documents can be found here: https://www.hapag-lloyd.com/en/ir.html
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