International Container Terminal Services, Inc. · PSE:ICT

International Container Terminal Services — FY2014 Earnings Presentation

21 slides from International Container Terminal Services's earnings presentation, Mar 5, 2015

  1. Slide 1: Investor Briefing FY 2014 Results

    Investor Briefing FY 2014 Results March 5, 2015

  2. Slide 2: Agenda

    AGENDA 1 Recent Financial Performance 2 Liquidity and Capital Resources 3 Other Matters 4 Questions and Answers 5 Appendices

  3. Slide 3: Recent Financial Performance

    1 Recent Financial Performance

  4. Slide 4: 2014 Volume Up 18%

    2014 Volume Up 18% Volume by segment (in TEU) Volume by segment (in %) 13% 5,628,021 6,309,840 7,438,635 51% 36% 2014 13% +18% 27% 60% 2013 +12% 930,616 794,182 15% 823,471 2,687,447 28% 57% 2012 1,725,324 1,576,118 ASIA AMERICAS EMEA  2014 vs 2013 consolidated volume up 18%; 3,790,334 3,820,572 3,

  5. Slide 5: 2014 Revenues 24% Higher

    2014 Revenues 24% Higher Revenue by segment (in US$ ‘000 ) Yield : TEU (in US$) 729,308 852,394 1,061,152 143 135 130 125 127 +24% 121 119 105,093 +17% 102 90,260 424,575 2007 2008 2009 2010 2011 2012 2013 2014 86,272 304,279 281,027  Consolidated revenues 24% higher in 2014 vs 2013; Organic revenu

  6. Slide 6: Consolidated P&L Highlights

    Consolidated P&L Highlights (in US$’000, except Volume & EPS) 2013 2014 % change Volume up 18% due to the volume contribution from new terminals CMSA, Volume (in TEU) 6,309,840 7,438,635 18% OPC & ICTSI Iraq, the consolidation of terminal operations in Yantai Port, and strong volume growth in BCT; O

  7. Slide 7: Financing Charges & Other Expenses

    Financing Charges & Other Expenses (in US$’000) 2013 2014 % change Financing charges & other expenses 48,175 56,453 17% Interest Expense on Loans/Bonds 76,033 80,684 6% Interest expense slightly higher due to higher debt level Capitalized borrowing cost lower as CMSA completed Capitalized borrowing

  8. Slide 8: 2014 Recurring Net Income

    2014 Recurring Net Income (in US$’000) 2013 2014 Net Income Attributable to Equity Holders 172,380 172,619 (Recurring) % change 0.1% Less: Write-down of TECPLATA Intangibles (3Q) - (38,148) Add: Non-recurring income 47,517 - Gain on sale of CICTI (1Q) 13,150 Gain on termination of management contrac

  9. Slide 9: Liquidity and Capital Resources

    2 Liquidity and Capital Resources

  10. Slide 10: Balance Sheet Summary

    Balance Sheet Summary (in US$ million) 2011 2012 2013 2014 Intangible and Property and equipment - net 1,232.5 1,815.4 2,410.3 2,705.0 Cash and cash equivalents 457.6 186.8 242.2 194.3 Other current and noncurrent assets 254.7 330.8 435.2 501.5 Total Assets 1,944.7 2,333.0 3,087.6 3,400.8 Total Shor

  11. Slide 11: Principal Redemption Profile

    Principal Redemption Profile as of December 31, 2013 as of September 30, 2014 Pro forma - January 31, 2015 LME 3 LME 1 550 550 550 500 500 500 450 450 450 LME 2 400 400 400 350 350 350 300 300 300 250 250 250 200 200 200 150 150 150 100 100 100 50 50 50 0 0 0 Cash level ST Loans LT Loans Cash level

  12. Slide 12: Other Matters

    ©) Other Matters 255, Ass iding rom Cres to cres

  13. Slide 13: Recent Developments

    Recent Developments  Acquired 10% of Anglo Ports Pty Limited’s share in Victoria International Container Terminal Limited (“VICT”) in February 2015  Underwent two Liability Management Exercises (“LME”) in January 2015  Established a loan facility programme and signed a 5Y US$350M revolving credit

  14. Slide 14: Questions and Answers

    4 Questions and Answers

  15. Slide 15: Appendices

    © Appendices “Wy Riding vraus from crest Ambo crest

  16. Slide 16: VICT - Melbourne, Australia

    VICT - Melbourne, Australia Victoria International Container Terminal Limited  On May 2, 2014, ICTSI’s subsidiary, Victoria International Container Terminal Limited (“VICT”), signed a contract in Melbourne with Port of Melbourne Corporation (“POMC”) for the design, construction, commissioning, oper

  17. Slide 17: ICTSI (ME) JLT - Umm Qasr, Iraq

    ICTSI (ME) JLT - Umm Qasr, Iraq ICTSI (ME) JLT  On April 8, 2014, ICTSI’s wholly-owned subsidiary, ICTSI (M.E.) JLT, signed contract with General Company for Ports of Iraq (“GCPI”) to operate, develop and expand container facilities at the Port of Umm Qasr in Iraq, which is the largest port in Iraq

  18. Slide 18: ICTSI DR CONGO - Matadi, Congo

    ICTSI DR CONGO - Matadi, Congo ICTSI DR Congo, S.A.  ICTSI, through its subsidiary ICTSI Coöperatief U.A., forged a business partnership with La Societe De Gestion Immobiliere Lengo ("SIMOBILE") for the establishment and formation of a joint venture company, International Container Terminal Servic

  19. Slide 19: CMSA - Manzanillo, Mexico

    CMSA - Manzanillo, Mexico Contecon Manzanillo S.A.  CMSA is located in the Port of Manzanillo, on the Pacific coast of Mexico  CMSA’s 34-year concession granted by the Administracion Portuaria Integral de Manzanillo, S.A., de C.V. (API) for the development & operation of the second Specialized Con

  20. Slide 20: OPCSA - Puerto Cortes, Honduras

    OPCSA - Puerto Cortes, Honduras Operadora Portuaria Centroamericana, SA de CV  ICTSI’s subsidiary, Operadora Portuaria Centroamericana, S.A. de C.V. (“OPCSA”) signed Concession Contract for the Design, Financing, Construction, Maintenance, Operation and Exploitation of the Specialized Container and

  21. Slide 21: International Container Terminal Services, Inc.

    International _ Container Terminal Services, Inc. EXCELLENCE UNCONTAINED

International Container Terminal Services — FY2014 Earnings Presentation on 6ix