Cosco Shipping Ports Limited · HKEX:1199
Cosco Shipping Ports — Q3 2024 Earnings Presentation
21 slides from Cosco Shipping Ports's earnings presentation, October 2024
Slide 1: 3Q2024 Results Presentation
3Q2024 Results Presentation Global Development and Smart Innovation Win-win Cooperation led by Digital Intelligence October 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 — Rising Throughput Driving Revenue and GP Growth in 3Q2024
Overall Performance — Rising Throughput Driving 04 Revenue and GP Growth in 3Q2024 01 Subsidiary Terminals YOY YOY Net Finance Costs +4.9% -13.0% Throughput 8.64 M TEU 30.9 M USD Revenue YOY JVs & Associates Profits YOY 399.0 M USD +11.2% 84.0 M USD +0.7% YOY Profit Attributable to YOY Gross Profit
Slide 5: Revenue and Gross Profit — China and Overseas Subsidiaries Increased YoY
Revenue and Gross Profit — Revenue and GP of both China 05 and Overseas Subsidiaries Increased YoY “In 1Q-3Q 2024, China and overseas Subsidiary terminals recorded YoY growth in revenue and gross profit” （All figures on this slide are in Millions USD unless otherwise stated） Tianjin Container 64.1 T
Slide 6: Terminal Profit — Stable in China Region while Recovery in Overseas Region
Terminal Profit — Stable in China Region while Recovery in 06 Overseas Region in 3Q2024 Chinese total terminal profit (US$ Million) Total terminal profit (US$ Million) 300 +0.3% Y/Y 250 350.0 -3.4% Y/Y +1.7% Y/Y 200 300.0 150 276.5 277.4 -2.3% Y/Y -5.4% Y/Y 100 250.0 180.1 183.2 50 96.4 94.2 200.0 0
Slide 7: Financial Position — Potential Decrease in Interest Rates Will Benefit the Company
Financial Position — Potential Decrease in Interest Rates in the 07 US and Europe will Benefit the Company “Healthy Financial Position Drives Sustainable Development” USD Million As of 31 Dec 2023 As of 30 Sep 2024 Total assets 11,931.9 12,188.2 Total Liabilities 5,089.4 5,065.2 Equity Attributable
Slide 8: Operational Review
08 OPERATIONAL REVIEW 01. 02. 03. 04. 05. Financial Operational Strategy & Q&A Appendix Performance Outlook Review
Slide 9: Throughput — Total Throughput Recorded YoY Growth Across All Regions
Throughput — Total Throughput Recorded YoY Growth Across 09 All Regions Total “Throughput during the first 9 months of 2024 Equity Throughput +7.1% Throughput +5.1% continued to show positive trends; total 107.3 M TEU throughput in all regions recorded YoY growth” 33.8 M TEU 9M 2024 Total Throughput
Slide 10: Marketing — Throughput Growth from All Shipping Alliances
10 Marketing — Throughput Growth from All Shipping Alliances “Throughput of Subsidiaries in 9M2024 9M2024 8 Major Subsidiaries(1) Customer Share increased 6.9% YoY” • Throughput of domestic routes rose 18.7% YoY ； throughput of international routes rose 6.4% YoY； • ASP at major subsidiaries remained
Slide 11: Supply Chain Projects — Building a Globalized Logistics Supply Chain Network
Supply Chain Projects — Building a Globalized Logistics 11 Supply Chain Network Transportation of High Value Added Goods Xiamen Haitou CFS Xiamen Haicang CFS Targeting Shipping Companies Building Solutions for Industry Total Area Total Area Supply Chains 377,100m² 23,800m² Warehouse Area Warehouse A
Slide 12: Technological Innovation — Focusing on Smart Ports Development
Technological Innovation 12 — Focusing on Smart Ports Development • Commercial implementation of driverless container vehicle project at Xiamen, Wuhan, 5G Quanzhou and Abu Dhabi terminals, with a total handling volume of 312,000 TEU, in SMART 1H 2024, a YoY increase of nearly 3 times PORTS • Expandi
Slide 13: Strategy & Outlook
13 STRATEGY & OUTLOOK 01. 02. 03. 04. 05. Financial Operational Strategy & Q&A Appendix Performance Review Outlook
Slide 14: Development Strategy — Driven by Global Layout and Lean Operations
Development Strategy — Driven by “Global layout” 14 and“Lean Operations” Global Layout Market Opportunities al Gr ob rk a Gl o Op spi g etw po ng tun N ina zin r M ities Term timi ls ark Op et Core Projects Development Synergy Strategy Integrated I m p r o v er m Digitalized na l Green and Low-Carbo
Slide 15: Building Low Carbon Smart Ports — Constructing a Global Green Supply Chain
Building Low Carbon Smart Ports — Constructing a 15 Global Green Supply Chain Fully Supporting UN SDGs Five Key Areas of Sustainable Development Relevant UN SDGs Governance Adhere to the principles of business ethics and operational D G compliance, maintain high standards of corporate governance and
Slide 16: Outlook — Becoming a Leading Global Port Logistics Service Provider
Outlook — Becoming a Leading Global Port Logistics Service 16 Provider Goal for 2024： Long Term Goals： GOALS Boosting Creating Value Volume Reducing Costs and Increasing Revenue Striving to Build A Leading Equity Throughput Growth Global Port Logistics Service in line with Industry Provider Domestic
Slide 17: Q&A
17 Q&A 01. 02. 03. Financial Operational Strategy & 04. 05. Q&A Appendix Performance Review Outlook
Slide 18: Appendix
18 APPENDIX 01. Financial Operational 02. Strategy & 03. 04. 05. Q&A Performance Review Outlook Appendix
Slide 19: Sustainable Development
19 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 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: 42/F and 49/F, COSCO Tower, 183 Queen's Road Central, Hong Kong Telephone: +852 2809 8188 Email: ir.csp@coscoshipping.com Website: https://ports.coscoshipping.com