Cosco Shipping Ports Limited · HKEX:1199
Cosco Shipping Ports — H1 2016 Earnings Presentation
10 slides from Cosco Shipping Ports's earnings presentation, Aug 24, 2016
Slide 1: The Ports For ALL
Strictly confidential The Ports For ALL Excellence through Specialization COSCO SHIPPING Ports Limited 2016 Interim Results Press Conference 24 August 2016
Slide 2: Results Highlights
Results Highlights US$’ m 1H2016 1H2015 YoY Revenue 275.0 276.5 -0.6% COGS (167.6) (173.4) -3.3% Gross Profit 107.4 103.1 +4.1% GPM 39.0% 37.3% +1.7pp Profits from terminal operations 132.5 145.7 -9.1% Net corporate expenses & finance costs (26.7) (8.2) +226.3% Shareholder’s profit, excluding gains
Slide 3: Equity Throughput – by Region
Equity Throughput – by Region Total Equity Throughput: 14.3m TEU, +4.3% YoY Organic growth:2.2% 14.3m TEU 1H2016 YoY Market share* 13.8m TEU (% of total) Overseas 2.9m TEU +21.1% 17.4% 20.2% Greater China 11.5m TEU +0.7% 10.1%** 1.1% 1.5% S.W. Coast 0.2m TEU +37.5% 12.0% 25.9% 23.7% PRD 3.4m TEU -4.
Slide 4: Profit from terminal operations – by region
Profit from terminal operations – by region US$145.7m* 1H2016 (% of total) US$132.5m* US$ YoY 16.8% Overseas 23.6m -3.7% 17.8% Greater China 107.9m -7.0% 0.6% S.W. Coast 0.8m turnaround 28.8% 30.1% PRD 39.9m -5.0% 3.7% 2.0% S.E. Coast 2.6m -51.6% 26.6% 22.1% YRD 29.2m -24.5% Bohai Rim 35.4m +17.7% 2
Slide 5: Capex & Financial Positions
Capex & Financial Positions Capex of US$84.5m* in 1H2016, 1 +106.4% YoY • High financial discipline • Stable cash inflow Cash on hand: US$894.6m 2 (Dec 15: US$924.2m) • Stable dividend policy • Balanced growth potential and Banking facility available but unused: distribution to shareholders 3 US$305
Slide 6: Globalization
Globalization • Accelerate our pace to develop a global hub network • Develop a balanced global portfolio to minimize operational risk • Feeder ports network to support hub ports’ development (eg. PCT and Kumport) • Complete around 10 projects along “One Belt, One Road” (SE Asia, Mediterranean, Euro
Slide 7: Awards
Awards • Won the “Outstanding China Enterprise Award” by Capital magazine for the fifth consecutive year • Won the “Best Investor Relations Company” from Corporate Governance Asia Magazine for the fifth consecutive year 7
Slide 8: COSCO SHIPPING Ports Limited
Strengthened Market Position 中遠海運港口有限公司 COSCO SHIPPING Ports Limited Reflects Our Focus and Excellence Sharpens Our Strategic Goals Highlights Our Strengthened Synergy with Parent Group Becomes “The Ports For ALL” 8
Slide 9: Outlook
Outlook • The Ports For ALL • Long-term sustainable growth • Maximize shareholders’ value • Five-Year Target Enhance shareholder’s return Greater global footprint and dominant position by enlarging our control in terminals • Synergetic value with COSCO SHIPPING and OCEAN Alliance: Captive dema
Slide 10: Q & A
Strictly confidential Q&A