Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — Q1 2014 Earnings Presentation
15 slides from Compania Sud Americana De Vapores's earnings presentation, May 2014
Slide 1: First Quarter 2014 Results
First Quarter 2014 Results May 2014
Slide 2: Agenda
Agenda 1. Market Situation 2. First Quarter 2014 Results 3. Cash Position 4. Outlook
Slide 3: 1. Market Situation
BICSAV 1. Market Situation EICSAV
Slide 4: Orderbook/Fleet: Containership Fleet
Containership Fleet Graph 1: Idle Fleet: 450,700 TEU or 2,6% (May 2014) Idle Fleet % of Total Fleet 1.600 16% 1.400 14% Idle Capacity in Th. Teus 1.200 12% % of Total Fleet 1.000 10% 800 8% 600 6% 400 4% 2,6% 200 2% 0 0% Oct/08 Jan/09 Oct/09 Jan/10 Oct/10 Jan/11 Oct/11 Jan/12 Oct/12 Jan/13 Oct/13 Ja
Slide 5: Market Evolution
Market Evolution Graph 3: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI 1.800 Average Margin Average Margin Average Margin Average Margin Average Margin 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 496 1.600 1.400 1.200 1.000 800 600 400 200 0 Mar-10 May-10 Nov-10 Mar-11 May-
Slide 6: 2. First Quarter 2014 Results
2. First Quarter 2014 Results
Slide 7: First Quarter 2014 Results
First Quarter 2014 Results Graph 4: Main Financial Figures (USD Million) 1.200 1.000,0 -15,3% -13,4% 800,0 1.000 -2,7% -8,0% 600,0 800 400,0 200,0 600 0,0 849,8 400 -841,8 -792,3 -728,6 -11,8% 739,7 719,9 -200,0 -6,5% -400,0 200 -600,0 -62,3 -54,9 -54,2 -111,4 -63,6 0 -58,8 -800,0 -200 -1.000,0 Q1-1
Slide 8: 3. Cash Position
BICSAV 3. Cash Position EICSAV
Slide 9: Cash Position
Cash Position Graph 6: Cash Position (USD million) 201,7 22,2 52,8 174,6 -14,4 -12,9 -49,9 -25,0 Cash 31-dic-13 EBITDA Working Capital Restructuring* Net Capex Net Debt Interest Cash 31-mar-14 and Others * Restructuring Cash Flow includes all the contracts signed and the provisions recognized in res
Slide 10: 4. Outlook
BICSAV 4. Outlook EICSAV
Slide 11: Outlook
Outlook Graph 7: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI 1.800 Average Margin 2010 = 918 Average Margin 2011 = 392 Average Margin 2012 = 605 Average Margin 2013 = 480 Average Margin 1.600 2014 = 510 1.400 1.200 1.000 800 600 400 200 0 May-10 Sep-10 Nov-10 May-11 Sep-11 Nov-11
Slide 12: Outlook
Outlook The operational and commercial activity of the first quarter of 2014, which will explain to an important extent the results of the second quarter, have slightly improved compared to the one impacting the first quarter results, though still far from breakeven levels. The freight rates of the
Slide 13: Outlook
Outlook Our long term investment plan to be financed by the US$ 200 million capital increase which will take place during the first half of this year, will allow, after the new vessels arrive, a significant improvement from bunker and charter savings, during the second half of 2015. In terms of a br
Slide 14: Outlook
Outlook After all conditions precedent are met, the container activity of CSAV, is moving towards a very important consolidation with Hapag-Lloyd. The combined entity resulting from this transaction, would become the fourth largest player, but also the fourth real player with a global footprint in o
Slide 15: Disclaimer
Disclaimer This presentation provides general information about Compañía Sud Americana de Vapores S.A. (“CSAV”). It consists of summary information and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representations or warranties, express or
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