20 slides from International Container Terminal Services's earnings presentation, Nov 8, 2016
Slide 1: 3Q 2016 Investor Briefing Presentation
3Q 2016 INVESTOR BRIEFING PRESENTATION November 8, 2016
Slide 2: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 3: Volume
Volume Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in TEU) Nine Months Third Quarter 5,410,224 5,768,248 6,435,192 1,844,201 1,880,118 2,170,559 15% 2% 290,595 13% 12% 227,025 233,887 12% 13% 7% 750,687 35% 672,711 664,005 35% 36% 823,003 13% 688
Slide 4: Revenues
Revenues Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000) Nine Months Third Quarter 779,208 792,035 835,026 268,923 239,929 284,212 18% -11% 5% 25,246 42,780 15% 2% 9% 26,256 11% 106,919 96,476 40% 34% 86,088 36% 111,957 77,170 78,011 13%
Slide 5: 9M 2016 Consolidated P&L Highlights
9M 2016 Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 9M 2015 9M 2016 % change Volume up 12% due to acquisition of new shipping lines & services at Volume (in TEU) 5,768,248 6,435,192 12
Slide 6: 3Q 2016 Consolidated P&L Highlights
3Q 2016 Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 3Q 2015 3Q 2016 % change Volume (in TEU) 1,880,118 2,170,559 15% Volume up 15% mainly due to new shipping lines & services, improvem
Slide 7: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000) 9M 2015 9M 2016 % change Financing charges & other expenses 48,594 66,838 38% Interest Expense on Loans/Bonds 61,718 68,916 12% Interest expense increased
Slide 8: 9M 2016 Revenue Profile by Currency
9M 2016 Revenue Profile by Currency Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Revenue Currency by Subsidiary Revenue Breakdown by Currency Subsidiaries USD/EUR Local Currency MICT 41% USD 59% PHP PKR Others RMB 2% 2% BCT 74% USD; 1% EUR 25% PLN
Slide 9: 9M 2016 Cash Expense Profile by Currency
9M 2016 Cash Expense Profile by Currency Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Cash Expense Currency by Subsidiary Expense Breakdown by Currency Subsidiaries USD/EUR Local Currency MICT 35% USD 65% PHP RMB 2% BCT 37% USD 63% PLN IQD 3% Other
Slide 10: FX Movement since January 2015
FX Movement since January 2015 Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 90 100 110 120 130 9M 2015 9M 2016 % change 3Q 2015 3Q 2016 % change 140 45.07 46.95 -4% PHP 46.06 47.07 -2% 102.03 104.70 -3% PKR 102.85 104.67 -2% 6.25 6.58 -5% RMB 6.30
Slide 11: 9M 2016 Yield/TEU Analysis
9M 2016 Yield/TEU Analysis Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 9M 2015 9M 2016 % Change Volume (TEU ‘000) 5,768 6,435 12% Revenues (US$ million) 792 835 5% Yield/TEU (US$) 137 130 -5% EBITDA (US$ million) 339 390 15% EBITDA Margin 43% 47%
Slide 12: 3Q 2016 Yield/TEU Analysis
3Q 2016 Yield/TEU Analysis Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 3Q 2015 3Q 2016 % Change Volume (TEU ‘000) 1,880 2,171 15% Revenues (US$ million) 240 284 18% Yield/TEU (US$) 128 131 3% EBITDA (US$ million) 102 133 30% EBITDA Margin 43% 47%
Slide 13: Historical Volume, Revenue and EBITDA
Historical Volume, Revenue and EBITDA CURRENCY RISK ANALYSIS Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000) 400 2,500 350 2,000 Volume (in TEU thousands) 300 296 282 284 284 269 266 (in USD millions) 261 256 259 249 250 240 1,500 200 1,
Slide 14: Agenda
AGENDA Recent Financial 1 Performance Liquidity and 2 Capital Resources 3 Other Matters Questions and 4 Answers
Slide 15: Balance Sheet Summary
Balance Sheet Summary Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ million) 2014 2015 Sep. 30, 2016 Intangible and Property and equipment 2,705 2,864 3,088 Cash and cash equivalents 194 354 227 Other current and noncurrent assets 502 623 71
Slide 16: Principal Redemption Profile
Principal Redemption Profile Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ million) as of September 30, 2016 Pro-forma October 20, 2016 600 600 LME 500 500 400 400 300 300 200 200 100 100 0 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 17: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Others Matters Questions and 4 Answers
Slide 18: Recent Events
Recent Events Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Underwent Liability Management Exercise Oct (“LME”) in October 2016. Victoria International Container Terminal signed a syndicated loan facility worth AUD 398 July million (approximately US
Slide 19: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 20: 3Q 2016 Investor Briefing Presentation
3Q 2016 INVESTOR BRIEFING PRESENTATION