Zim Integrated Shipping Services Ltd. · NYSE:ZIM
Zim Integrated Shipping Services — Q1 2025 Earnings Presentation
20 slides from Zim Integrated Shipping Services's earnings presentation, May 19, 2025
Slide 1: Investor Presentation Q1 2025 Financial Results
Investor Presentation Q1 2025 FINANCIAL RESULTS May 19, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in backed proxies; our anticipated ability to obtain additional financing in the future to fund expenditures; our the U.S. Private Securities Litigation Reform
Slide 3: Q1 2025: Solid Results as Uncertainty Grows
Q1 2025: Solid Results as Uncertainty Grows Strong financial Double-digit YoY Consistent payout performance volume growth to shareholders Trade war & Geopolitical tariffs; USTR tensions & Macroeconomic port fees regional conflicts uncertainty 3 Investor Presentation Q1 2025 highlights Financial high
Slide 4: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights Revenue Net Income Adj EBITDA Adj EBIT $2.01 Bn $296 Mn $779 Mn $463 Mn (+28%) (+222%) (+82%) (+178%) Margin Margin 39% 23% Cash Flow from Operations Total Liquidity Total Equity $855 Mn (31.03.2025) (31.03.2025) (+162%) $3.37 Bn $3.96 Bn Note: Figures in parentheses ref
Slide 5: FY 2025 Guidance Unchanged; Declared Q1 2025 Dividend
FY 2025 Guidance Unchanged; Declared Q1 2025 Dividend FY 2025 Q1 2025 Guidance Dividend Adjusted EBITDA $0.74/Share $1.6 Bn to $2.2 Bn ~$89 Mn (~30% of Q1.25 net income) Adjusted EBIT $350 Mn to $950 Mn 5 Investor Presentation Q1 2025 highlights Financial highlights 2025 guidance Market update Summa
Slide 6: Proactive Approach to Further ZIM Business Resilience
Proactive Approach to Further ZIM Business Resilience Commercial Fleet Strategy Strategy Adjust network to Maintain optionality optimize utilization Secure newbuild core capacity* ‐ Modify USEC and Gulf services to meet ‐ 5 to 7-year charter of 4 x 8,000 TEU changes in demand out of China and ‐ 12-y
Slide 7: Key Operational and Financial Indicators
Key Operational and Financial Indicators Operational Q1.25 Cash Flow Q1.25 Balance Sheet 31-3-2025 Carried volume 944 Free cash flow 787 Total debt 5,864 (K TEUs) (+12%) ($ Mn) (+484) ($ Mn) (-152) Freight rate 1,776 Cash 101% Cash, bank deposit and 3,370 ($/TEU) (+22%) conversion rate (+30%) invest
Slide 8: ZIM Operated Capacity Vessels
ZIM Operated Capacity 141 Vessels * 774K TEU ~40% LNG- powered ~50% newbuild 126 containerships 15 car carriers Optionality to Re YTD 2025 7 chartered vessels 2025 22 additional vessels up for renewal (81K TEU) Adjust Fleet Size deliveries 2026 22 vessels up for renewal (74K TEU) * Current operated
Slide 9: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights XX% - margin +28% -7% -19% +82% 39% 27% 39% 45% 39% Adjusted Revenue 1,562 2,007 2,168 2,007 EBITDA 427 779 967 779 ($Mn) ($Mn) Q1.24 Q1.25 Q4.24 Q1.25 Q1.24 Q1.25 Q4.24 Q1.25 -30% -47% +178% +222% 11% 23% 30% 23% Adjusted Net Income 167 463 658 463 92 296 563 296 EBIT (
Slide 10: Volume Breakdown By Geographic Trade Zone (K TEU)
Volume Breakdown By Geographic Trade Zone (K TEU) +12% 982 944 846 141 142 116 204 193 173 138 140 139 86 85 70 Latin America Intra-Asia 385 412 348 Atlantic Cross-Suez Pacific Q1.2024 Q1.2025 Q4.2024 10 Investor Presentation Q1 2025 highlights Financial highlights 2025 guidance Market update Summar
Slide 11: Q1 2025 Cash Flow Bridge ($Mn)
Q1 2025 Cash Flow Bridge ($Mn) 855 -68 787 -582 25 230 Cash Flow from CAPEX, net Free Cash Flow Debt Service* Others Net change in Operations Cash Position * Debt service in Q1 cash flow includes $72 million reflecting repayment of lease liabilities related to the two second-hand 8.5 thousand TEU ve
Slide 12: 2025 Guidance Unchanged
2025 Guidance Unchanged Adjusted EBITDA $1.6 Bn to $2.2 Bn Adjusted EBIT $350 Mn to $950 Mn Assumptions* Freight rates: unchanged (significantly lower) Operated capacity: unchanged (similar operated capacity YoY) Volume: low single digit volume growth YoY Bunker costs: slightly lower * Guidance assu
Slide 13: Known Supply Growth; Potential Mitigating Factors Exist
Known Supply Growth; Potential Mitigating Factors Exist Orderbook-to-Fleet Development 2005-2025 (Cellular ships only) Mitigating factors Industry-related 35M 60% ALPHALINER 30M 50% Delivery schedule spread to 2029 Limited scrapping – aging fleet Fleet and Orderbook in TEU Millions 25M Industry capa
Slide 14: Tariffs and Trade War Emerge as Key Unknown
Tariffs and Trade War Emerge as Key Unknown – Tariff Levels and Timing of Agreement – Impact Possible Outcome Supply/Demand Balance 30M Tariff levels Timing of Agreement 10% 10.3% Allow long-term Allow long-term 8.6% 20M 6.3% 7.6% 7.2% 8.1% 4.5% demand recovery vs. planning vs. risk supply 5.8% 1.8%
Slide 15: Q&A Session
Q&A Session 15 Investor Presentation Q1 2025 highlights Financial highlights 2025 guidance Market update Summary
Slide 16: ZIM Well Positioned as Innovative Leader of Seaborne Transportation
ZIM Well Positioned as Innovative Leader of Seaborne Transportation Cost Competitive & Commercial Agility Strong Balance Fuel-Efficient Fleet Sheet & Liquidity (50% newbuild; 40% LNG) Operational Flexibility Strong Industry Position Support Long Term Sustainable Growth 16 Investor Presentation Q1 20
Slide 17: Appendix
Appendix 17 Investor Presentation
Slide 18: Use of Non-IFRS Financial Measures
USE of Non-IFRS Financial Measures The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute
Slide 19: Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBIT
Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBIT ($ in Mn) Q1’25 Q1’24 Q1’23 RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBIT* Net income (loss) 296 92 (58) Financial expenses, net 84 70 51 Income taxes 84 4 (7) Operating income (loss) (EBIT) 464 167 (14) Capital loss (gain), be
Slide 20: Thank you
Thank you
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