Irish Continental Group Plc · EURONEXT:IR5B

Irish Continental — H1 2013 Earnings Presentation

28 slides from Irish Continental's earnings presentation, 2013

  1. Slide 1: Irish Continental Group plc Half Year to June 2013

    Irish Continental Group plc Half Year to 30 June 2013 1

  2. Slide 2: ICG Business Units

    ICG Business Units 1. Ferries Division Irish Ferries, the leading ferry company operating between UK/Continent and the Republic of Ireland. 2. Container Division Eucon, leading Container shipping operator between Ireland and the N.W. Continent with its own container terminals in Dublin & Belfast. Tu

  3. Slide 3: Irish Sea Routes

    lrish Sea Routes IRISH earner eas GROUP 5 TROON Ulysses Daily Sailing Schedule CAIRNRYAN Freight Demand LARNE @: e BELFAST @' Ex Dublin dep 20.55 arr 00.20 WARREN POINT © ExHolyhead dep 02.40 arr 05.55 Tourism Demand DUBLIN @ HEYSHAM, Q a DUN LAOGHAIRE @) Ex Dublin dep 08.05 arr 11.30 S '@ LIVERPOOL

  4. Slide 4: Ferries Revenues 2012

    Ferries Revenues 2012 Cars & Passengers Freight 64% 33% (2011 – 63%) (2011 – 34%) Other 3% (2011 – 3%) 4 3

  5. Slide 5: Ferries Costs 2012

    Ferries Costs 2012 Other 12% (2011 – 13%) Payroll Depreciation 22% 12% (2011 – 23%) (2011 – 13%) Repairs/Insurance 5% (2011 – 5%) Port Costs 20% (2011 – 20%) Fuel 29% (2011 – 26%) 5 4

  6. Slide 6: Ferries Division

    Ferries Division • Brand: Irish Ferries • 3 Conventional combined Car / RoRo ferries • 1 fast car carrying ferry, light freight • 4100 sailings - UK (Holyhead 2650 Pembroke 1450) Sailing Time - Holyhead Cruise Ferry 3¼ hours Holyhead Fast Ferry 2 hours Pembroke Cruise Ferry 4 hours • 275 sailings -

  7. Slide 7: Distribution

    Distribution Car Bookings On-Line 80% Telephone 14% Ports 6% 100% irishferries.com - 2012  4.5m visits  191,000 Bookings  €60m revenue 6 7 6

  8. Slide 8: Passenger Market

    Passenger Market CAGR YTD H1 1 Year 3 Year 5 Year 2013 2013 2012 2009 - 2012 2007 - 2012 Irish Ferries 4% 0% +1% +3% 0% Republic of Ireland -3% -4% -1% -3% All Ireland -2% -3% -2% -3% 8 7

  9. Slide 9: Car Market

    Car Market CAGR YTD H1 1 Year 3 Year 5 Year 2013 2013 2012 2009 - 2012 2007 - 2012 Irish Ferries 0% -4% 0% -2% -3% Republic of Ireland -4% -7% -4% -3% All Ireland -3% -6% -3% -3% 9 8

  10. Slide 10: RoRo Market

    RoRo Market CAGR YTD H1 1 Year 3 Year 5 Year 2013 2013 2012 2009 – 2012 2007 - 2012 Irish Ferries +9% +8% -6% -2% -7% Republic of Ireland +3% -2% +3% -2% All Ireland +2% -2% +2% -2% 2012 2011 2010 2009 1992 -2007 Irish Ferries -6% +9% -9% -19% +12% Republic of Ireland -2% 0% +11% -12% +10% All Irela

  11. Slide 11: Ferries Division

    Ferries Division H1 H1 Change FY 2013 2012 2012 €m €m €m Turnover 69.4 69.5 -0.1% 160.0 Operating Costs (57.3) (58.5) -2.1% (121.0) EBITDA 12.1 11.0 +10.0% 39.0 Depreciation/Amortisation (8.1) (7.8) +3.8% (16.6) Operating Profit 4.0 3.2 +25.0% 22.4 • Passenger, Car & On Board revenue down 3% at €40.

  12. Slide 12: Container & Terminal Division

    Container & Terminal Division • 5 chartered vessels • 2,900 owned and leased containers, 5,500 teu (20ft, 40ft, 45ft, reefers, flats, curtain siders) • 6 ports served (2 owned terminals) • Door to Door (55%) Transport plus Quay to Quay (45%) (feeder) • DFT Terminal in Dublin - Principal terminal in

  13. Slide 13: Eucon Container Routes - Market Share 23%

    Eucon Container Routes - Market Share 23% 12

  14. Slide 14: Terminals

    Terminals 2 strategically located container handling terminals at Dublin and Belfast. • Annual throughput of 142,000 lifts (2012) • Design Capacity of 260,000 lifts • 3 Gantry Cranes and 8 Rubber Tyre Gantry’s (RTG’s) • Largest and most modern container terminal in Ireland • Market Share 2012, 34% R

  15. Slide 15: Container & Terminal Division

    Container & Terminal Division Continuing Operations H1 H1 Change FY 2013 2012 2012 €m €m Turnover 51.5 47.5 +8.4% 96.1 Operating Costs (47.8) (44.4) +7.7% (89.3) EBITDA 3.7 3.1 +19.4% 6.8 Depreciation/Amortisation (1.3) (1.4) -7.1% (2.7) Operating Profit 2.4 1.7 +41.2% 4.1 • Container volumes up 11.

  16. Slide 16: Container Handling Irl.

    Container Handling Irl. CAGR 1 Year 3 Year 5 Year ICG -2% +4% -3% All Ireland -2% -3% -8% 16 15

  17. Slide 17: ICG - Group Results

    ICG - Group Results H1 H1 Change FY 2013 2012 2012 Turnover* €120.9m €117.0m +3.3% €256.1m Operating Costs (exc. Dep)* €105.1m €102.9m +2.1% €210.3m EBITDA* €15.8m €14.1m +12.1% €45.8m Operating Profit* €6.4m €4.9m +30.6% €26.5m Finance Costs €(3.1)m €(1.2)m +158.3% PBT €3.3m €3.7m -10.8% Profit on

  18. Slide 18: Results By Division

    Results By Division H1 H1 Continuing Operations % 2013 2012 €m €m Ferries €m €m Revenue 69.4 69.5 -0.1% Costs exc. fuel (48.2) (47.8) +0.8% Fuel (17.2) (18.5) -7.0% EBIT 4.0 3.2 +25.0% Container Revenue 51.5 47.5 +8.4% Costs exc. fuel (42.4) (38.6) +9.8% Fuel (6.7) (7.2) -6.9% EBIT 2.4 1.7 +41.2% 18

  19. Slide 19: ICG Fuel Costs

    ICG Fuel Costs Continuing Operations H1 2013 H1 2012 FY 2012 Consumption (000 tons) Heavy Fuel Oil 37.9 37.5 78.0 Marine Diesel 6.6 6.1 14.2 44.5 43.6 92.2 Price (€ per ton) Heavy Fuel Oil €491 €551 €536 Marine Diesel €716 €740 €720 Brent Crude (guide) $107.95/€82.16 $113.58/€87.46 $111.60/€86.85 To

  20. Slide 20: ICG Cash Flow

    ICG Cash Flow H1 2013 H1 2012 FY 2012 EBITDA 15.8 14.3 46.5 Working Capital Movement 9.8 6.5 (2.6) Pension Payments (2.4) (3.0) (5.4) Other (0.1) (0.2) (0.3) Cash Generated from Operations 23.1 17.6 38.2 Interest (2.1) (0.4) (1.8) Tax (0.1) (0.2) (0.4) Capex (6.6) (5.1) (8.5) Free Cash Flow 14.3 11.

  21. Slide 21: Dividend / Share Buybacks

    Dividend / Share Buybacks Cash Returned to Shareholders 2008 - 2013 Dividend/ Buyback/ €m Redemption Tender Offer 2008 Paid 100c 24.5m 2009 Paid 100c 24.6m 2010 Paid 100c 25.0m 100c 25.1m 4.0m 2011 Paid 33c 8.2m 2012 Paid 67c 16.7m 10.1m Paid 33c 8.0m 111.5m 2013 Paid 67c 12.3m ______ Proposed 33c 6

  22. Slide 22: Group Pension Funds

    Group Pension Funds Company Sponsored Funds June 2013 Dec 2012 Dec 2011 Dec 2010 Dec 2009 €m €m €m €m €m Assets 218.8 213.5 193.5 200.3 191.9 Liabilities 270.1 268.1 215.2 206.5 207.6 Surplus/(Deficit) (51.3) (54.6) (21.7) (6.2) (15.7) Discount Rate € / £ 3.8% / 4.6% 3.8% / 4.4% 5.3% / 4.9% 5.5% / 5

  23. Slide 23: Current Trading / Outlook

    Current Trading / Outlook Background •Current fuel prices are lower than in 2012 Tourism • Passenger numbers up 4% YTD (up 9% July/August) • Car numbers flat but up 6% July/August • Weaker sterling impacting yields Freight • RoRo volumes up 9% YTD • LoLo volumes up 12% YTD (partly due to vessel shar

  24. Slide 24: Disclaimer

    Disclaimer This presentation may contain certain forward-looking statements. These statements are made by the Directors in good faith based on the information available to them up to the time of their approval of this presentation. These Forward-looking statements should be treated with caution due

  25. Slide 25: Appendix

    Ferries - Fleet APPENDIX FLEET 25 APP

  26. Slide 26: Ferries - Fleet

    Ferries - Fleet Ulysses Year Built 2001 Cost €106m GT 50,900 tons Ulysses PAX 1875 Cars 1342 Lane Meters 4.1km Jonathan Swift Speed 22 knots Jonathan Swift Year Built 1999 Cost €38m GT 6,000 tons PAX 800 Cars 200 Speed 39 knots 26 APP

  27. Slide 27: Ferries - Fleet

    Ferries - Fleet Isle of Inishmore Year Built 1997 Cost €81m GT 34,000 tons PAX 2200 Cars 855 Lane Meters 2.1km Speed 21.5 knots Isle ofYear Inishmore Built 1987 Oscar Wilde Purchased in 2007 - €51m plus upgrade GT 32,000 tons PAX 1458 Beds 1376 Cars 580 Lane Meters 1.2km Speed 21.5 knots 27 APP APP

  28. Slide 28: Ferries - Fleet

    Ferries - Fleet Year Built 1995 Kaitaki Kaitaki Cost €62m GT 22,300 tons PAX 1650 Beds 274 Cars 600 Lane Meters 1.7km Speed 19 knots 28 APP 15

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