Cosco Shipping Ports Limited · HKEX:1199
Cosco Shipping Ports — Q1 2024 Earnings Presentation
21 slides from Cosco Shipping Ports's earnings presentation, April 2024
Slide 1: 1Q2024 Results Announcement
1Q2024 Results Announcement Anchoring on Global Development, Empowered by Lean Operations and Innovation Led by Digital Intelligence, Achieving Cooperation and Success for All April 2024
Slide 2: Content
02 CONTENT 01. 02. 03. 04. 05. Financial Operational Strategy & Q&A Appendix Performance Review Outlook
Slide 3: Financial Performance
03 FINANCIAL PERFORMANCE 01. 02. 03. 04. 05. Financial Operational Strategy & Q&A Appendix Review Outlook Performance
Slide 4: Overall Performance
04 OVERALL PERFORMANCE Revenue （US$ Million, unless stated otherwise） 1Q2023 1Q2024 YoY 332.7M USD Revenue 328.0 332.7 +1.4% +1.4% YoY Cost (238.1) (245.1) +3.0% Share of profits less losses of Gross Profit 89.9 87.6 -2.6% JV and Associates 72.2M USD Net Finance Cost: (34.5) (35.0) +1.5% +4.6% YoY F
Slide 5: Revenue and Gross Profit Margin
05 REVENUE AND GROSS PROFIT MARGIN Chinese subsidiaries: Revenue growth with relatively stable Chinese Subsidiaries 1Q2024 Revenue (M USD) margin in 1Q2024; 46.8 46.4 44.4 Overseas subsidiaries: Affected by the Red Sea Incident, (YoY: -3.8%) (YoY: +7.1%) (YoY:+15.5%) some containers originally shipp
Slide 6: China and Overseas Terminal Profit
06 CHINA AND OVERSEAS TERMINAL PROFIT Chinese terminal profit: on top of continued good performance of Chinese terminals with domestic trade, Total Terminal Profit Chinese terminals with foreign trade further recovered in 1Q2024, in particular, Xiamen, Guangzhou Nansha and Yantian terminals; 93.2 M
Slide 7: Financial Position
07 FINANCIAL POSITION As of As of USD Million 31 Dec 2023 31 Mar 2024 “Healthy Financial Position Drives Sustainable Development“ Total Assets 11,931.9 11,841.1 Total Liabilities 5,089.4 5,027.9 Equity Attributable to 5,770.7 5,737.8 Net debt-to-equity ratio & Shareholders CAPEX (Million USD) averag
Slide 8: Operational Review
08 OPERATIONAL REVIEW 01. 02. 03. 04. 05. Financial Operational Strategy & Q&A Appendix Performance Outlook Review
Slide 9: Total Throughput and Equity Throughput
09 TOTAL THROUGHPUT AND EQUITY THROUGHPUT Total Equity Throughput +9.8% “In 1Q2024, Throughput Continued Strong Throughput +9.3% Recover with All Regions Recording YoY Growth” 33.3 M TEU 10.5 M TEU 1Q2024 Total Throughput 1Q2024 Equity Throughput by Region (M TEU) by Region (M TEU) +20.3% +15.0% +27
Slide 10: Market Development
10 MARKET DEVELOPMENT “Throughput of 8 major subsidiaries (1) rose 12.2% • In 1Q 2024, CSP Zeebrugge and CSP Valencia in Spain introduced 16 and 15 temporary vessels calling, contributing approximately 73k and 36k TEU; YoY in 1Q2024, of which, throughput from OCEAN • Despite the growth in both domes
Slide 11: Supply Chain Projects
11 Supply Chain Projects Xiamen Haitou CFS Xiamen Haicang CFS “High-technology, high value-added and green products have become the new engine to support China's foreign Total Area CAPEX Total Area CAPEX trade growth” 377,100m² 94M USD 23,800m² 135M RMB 307 thousand Vehicles Warehouse Warehouse Grow
Slide 12: Technological Development
12 TECHNOLOGICAL DEVELOPMENT 5G Smart Ports • Xiamen Ocean Gate Terminal has fully implemented the driverless container vehicle project, with an annual handling of 210,000 TEU, a YoY increase of 4.5 times in FY2023. • Expanding the implementation of 5G Smart Ports at CSP Abu Dhabi Terminal • Complet
Slide 13: Strategy & Outlook
13 STRATEGY & OUTLOOK 01. 02. 03. 04. 05. Financial Operational Strategy & Q&A Appendix Performance Review Outlook
Slide 14: Development Strategies
14 DEVELOPMENT STRATEGIES Global Layout Strategies Lean Operations Optimising Strengthening Global Lean Synergy + Balanced Development Portfolio Operations Improving Improving Operational Quality of Performance Development Digitalisation Operational Efficiency Green Integration Digitalisation Develo
Slide 15: Outlook
15 OUTLOOK Goal for 2024： Long Term Goals： GOALS Boosting Creating Value Volume Reducing Costs and Equity Throughput Increasing Revenue Striving to Build A Leading Global Port Logistics Service Provider Domestic Green & Demand OPPORTUNITIES Smart Emerging Supply Markets Chain Synergy Impact on the S
Slide 16: Q&A
16 Q&A 01. 02. 03. Financial Operational Strategy & 04. 05. Q&A Appendix Performance Review Outlook
Slide 17: Appendix
17 APPENDIX 01. 02. 03. Financial Operational Strategy & 04. 05. Q&A Appendix Performance Review Outlook
Slide 18: Sustainable Development
18 SUSTAINABLE DEVELOPMENT Major ESG Ratings in 2023 01 02 Greenhouse Gas Emissions Energy Consumption 2023 Subsidiaries GHG Emissions 2023 Subsidiaries Energy Use Became a constituent company CDP 2023 Rating: B Intensity Intensity in the FTSE4Good Index in June 2023 YoY 0.9% YoY 2.5% Compared to 20
Slide 19: Sustainable Development
19 SUSTAINABLE DEVELOPMENT 03 04 Water Consumption Waste 2023 Subsidiaries Target for hazardous waste: Water Consumption Intensity - Maintain 100% hazard-free disposal of waste Compared to 2020 12.5% Target for non-hazardous waste： - Reduce domestic waste at terminals and in the long term, Subsidiar
Slide 20: Disclaimer
20 DISCLAIMER This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports”) and certain plans and prospects of the management of COSCO SHIPPING Ports. Such forward-loo
Slide 21: Thank You!
Thank You! COSCO SHIPPING Ports Limited Address: 49/F, COSCO Tower, 183 Queen's Road Central, Hong Kong Telephone: +852 2809 8188 Fax: +852 2907 6088 Email: ir.csp@coscoshipping.com Website: https://ports.coscoshipping.com