Compania Sud Americana De Vapores S.a. · BCS:VAPORES

Compania Sud Americana De Vapores — Q3 2013 Earnings Presentation

15 slides from Compania Sud Americana De Vapores's earnings presentation, Nov 26, 2013

  1. Slide 1: Third Quarter 2013 Results

    Third Quarter 2013 Results November 26, 2013

  2. Slide 2: Agenda

    Agenda 1. Market Situation 2. Third Quarter 2013 Results 3. Cash Position 4. Outlook

  3. Slide 3: 1. Market Situation

    BICSAV 1. Market Situation EICSAV

  4. Slide 4: Containership Fleet

    Containership Fleet Graph 1: Idle Fleet: 612,000 TEU or 3.6% (November 2013) 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% 3.6% 200 2% 0 0% mar-09 ago-09 ago-10 mar-11 ago-11 mar-12 ene-09 ene-10 ene-11 ene-12 may-

  5. Slide 5: Market Evolution

    Market Evolution Graph 3: SCFI vs Rotterdam Platts o During the first quarter of 2012, freight rates were deeply affected in most SCFI -RTM Margin Rotterdam Platts SCFI markets, achieving historically low Average Margin Average Margin Average Margin Average Margin 1,800 margins, due to : 2010 = 918

  6. Slide 6: 2. Third Quarter 2013 Results

    2. Third Quarter 2013 Results

  7. Slide 7: Third Quarter 2013 Results

    Third Quarter 2013 Results Graph 4: Main Financial Figures (USD Million) *Operating Revenue and Cost of Sales exclude degree of completion. ** Admin. Expenses & Others exclude profit from prepayment of AFLAC of MMUS$ 54 (Q2-13). 7

  8. Slide 8: 3. Cash Position

    BICSAV 3. Cash Position EICSAV

  9. Slide 9: Cash Position

    Cash Position Graph 5: Cash Position (USD million) 93.5 328.1 250.2 184.7 -18.0 -277.4 -16.4 -24.3 -20.1 Cash 30-jun-13 EBITDA Working Restructuring* Capital Net Capex Net Debt Interest Cash Capital and Increase 30-sep-13 Others * Restructuring Cash Flow includes all the contracts signed and the pro

  10. Slide 10: 4. Outlook

    BICSAV 4. Outlook EICSAV

  11. Slide 11: Outlook

    Outlook Graph 6: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI Average Margin 2010 = 918 Average Margin 2011 = 392 Average Margin 2012 = 605 Average Margin 2013 = 480 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 May-10 May-11 May-12 May-13 Mar-10 Mar-11 Mar-12 Mar-13 Jan-10 Nov-

  12. Slide 12: Outlook

    Outlook  The operational and commercial activity of the third quarter of 2013, which will explain to an important extent the results of the last quarter of the year, have shown ex-bunker freight rates below those of the second quarter 2013. Part of this negative effect might be compensated with bet

  13. Slide 13: Outlook

    Outlook  Our cost structure has continued to develop significant improvements as explained in this Investor Report, when compared to the same periods of last year, due to the positive impacts of the measures that the company has implemented to reach economies of scale provided by larger vessels, a

  14. Slide 14: Outlook

    Outlook  Despite all the industry’s rationalization efforts, the ex-bunker freight rate continues to be positioned below the historical levels in most trades and below the level that the industry should consider as a sustainable equilibrium. This situation has not allowed the industry to enjoy norm

  15. 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

Compañía Sud Americana de Vapores — Q3 2013 Earnings Presentation on 6ix