International Container Terminal Services, Inc. · PSE:ICT

International Container Terminal Services — Q1 2014 Earnings Presentation

20 slides from International Container Terminal Services's earnings presentation, May 14, 2014

  1. Slide 1: Investor Briefing 1Q 2014 Results

    Investor Briefing 1Q 2014 Results May 14, 2014

  2. Slide 2: Agenda

    AGENDA 1 Recent Financial Performance 2 Liquidity and Capital Resources 3 Other Matters 4 Questions and Answers 5 Appendices

  3. Slide 3: Recent Financial Performance

    1 Recent Financial Performance

  4. Slide 4: 1Q 2014 Volume Up 17%

    1Q 2014 Volume Up 17% Volume by segment (in TEU) Volume by segment (in %) 1,338,316 1,496,462 1,757,095 12% 51% 1Q 2014 37% +17% 13% 27% 60% 1Q 2013 +12% 211,859 184,600 15% 202,676 645,364 54% 31% 1Q 2012 409,569 407,629 ASIA AMERICAS EMEA 902,293 899,872 728,011  1Q 2014 vs 1Q 2013 consolidated v

  5. Slide 5: 1Q 2014 Revenues 19% Higher

    1Q 2014 Revenues 19% Higher Revenue by segment (in US$ ‘000 ) Yield : TEU (in US$) 173,844 209,316 248,864 142 135 130 125 127 124 119 +19% 108 26,146 +20% 2007 2008 2009 2010 2011 2012 2013 1Q 22,604 2014 100,475 21,527 76,662  Consolidated revenues 19% higher in 1Q 2014 vs 1Q 2013; 74,288 Organic

  6. Slide 6: Consolidated P&L Highlights

    Consolidated P&L Highlights (in US$’000, except Volume & EPS) 1Q 2013 1Q 2014 % change Volume up 17% due to the volume contribution from the new terminals CMSA & OPC, and improvement in international & domestic trade at Volume (in TEUs) 1,496,462 1,757,095 17% most of the company’s terminals; Organi

  7. Slide 7: Financing Charges & Other Expenses

    Financing Charges & Other Expenses (in US$’000) 1Q 2013 1Q 2014 % change Financing charges and other expenses increased 15% due Financing charges & other expenses 12,612 14,499 15% to lower capitalized borrowing cost on qualifying assets as CMSA started commercial operations in Nov 2013 Interest Exp

  8. Slide 8: 1Q 2014 Recurring Net Income

    1Q 2014 Recurring Net Income (in US$’000) 1Q 2013 1Q 2014 Net Income Attributable to 40,672 52,352 Equity Holders % change 29% Sale of non-core asset Cebu International Less: Gain on Sale of Investments - (13,150) Container Terminal Inc. (CICTI) Add: Effect of new terminals (CMSA and OPC) 1,674 5,85

  9. Slide 9: Liquidity and Capital Resources

    2 Liquidity and Capital Resources

  10. Slide 10: Balance Sheet Summary

    Balance Sheet Summary (in US$ millions) 2011 2012 2013 Mar 31, 2014 Intangible and Property and equipment - net 1,232.5 1,815.4 2,410.3 2,449.0 Cash and cash equivalents 457.6 186.8 242.2 249.3 Other current and noncurrent assets 254.7 330.8 435.2 445.7 Total Assets 1,944.7 2,333.0 3,087.6 3,144.1 T

  11. Slide 11: Principal Redemption Profile

    Principal Redemption Profile as of December 31, 2013 as of March 31, 2014 Pro-forma as of April 30, 2014 - US$75M 12Y Notes 550 LME 550 550 500 500 500 450 450 450 400 400 400 350 350 350 300 300 300 250 250 250 200 200 200 150 150 150 100 100 100 50 50 50 0 0 0 Cash level ST Loans LT Loans Cash lev

  12. Slide 12: Other Matters

    3 Other Matters

  13. Slide 13: Recent Developments

    Recent Developments  Signed a contract in Melbourne, Australia with Port of Melbourne Corporation (“POMC”) for the design, construction, commissioning, operation, maintaining and financing of the Terminal and Empty Container Park (ECP) at Webb Dock East (WDE) in May 2014  Issued additional US$75M

  14. Slide 14: Questions and Answers

    4 Questions and Answers

  15. Slide 15: Appendices

    5 Appendices

  16. Slide 16: VICTL - Melbourne, Australia

    VICTL - Melbourne, Australia Victoria International Container Terminal Limited  On May 2, 2014, ICTSI’s subsidiary, Victoria International Container Terminal Limited (“VICTL”), signed a contract in Melbourne with Port of Melbourne Corporation (“POMC”) for the design, construction, commissioning, op

  17. Slide 17: ICTSI Iraq - Umm Qasr, Iraq

    ICTSI Iraq - Umm Qasr, Iraq ICTSI (M.E.) JLT IRAQ  On April 8, 2014, ICTSI’s wholly-owned subsidiary, ICTSI (M.E.) JLT, signed contract with General Company for Ports of Iraq (“GCPI”) to operate, develop and expand container facilities at the Port of Umm Qasr in Iraq, which is the largest port in I

  18. Slide 18: ICTSI DR CONGO - Matadi, Congo

    ICTSI DR CONGO - Matadi, Congo ICTSI DR Congo, S.A.  ICTSI through its subsidiary ICTSI Coöperatief U.A. forged a business partnership with La Societe De Gestion Immobiliere Lengo ("SIMOBILE") for the establishment and formation of a joint venture company, International Container Terminal Services

  19. Slide 19: OPCSA - Puerto Cortes, Honduras

    OPCSA - Puerto Cortes, Honduras Operadora Portuaria Centroamericana, SA de CV  ICTSI’s subsidiary, Operadora Portuaria Centroamericana, S.A. de C.V. (“OPCSA”) signed Concession Contract for the Design, Financing, Construction, Maintenance, Operation and Exploitation of the Specialized Container and

  20. Slide 20: International Container Terminal Services, Inc.

    International _ Container Terminal Services, Inc. EXCELLENCE UNCONTAINED

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