Slide 1: 2009 Interim Results
中遠太平洋有限公司 COSCO Pacific Limited 2009 Interim Results Press Conference 28 August 2009
Slide 2: Disposal of 49% stake in COSCO Logistics
COSCO Pacific 2009 Interim Results Disposal of 49% stake in COSCO Logistics Concentrate resources on terminals Signed agreement date 27 Aug 2009 Disposal asset 49% stake in COSCO Logistics Purchaser China COSCO Holdings Company Limited Consideration RMB 2,000m (equivalent to approximately HK$2,268.6
Slide 3: Results highlights
COSCO Pacific 2009 Interim Results Results highlights 1H 2009 y-o-y change Turnover US$159,028,000 - 1.9% Gross profit US$73,009,000 - 13.5% Profit attributable to equity holders US$104,509,000 - 31.8% Basic EPS US4.66 cents - 31.7% Interim dividend per share US1.862 cents - 47.0% Dividend payout ra
Slide 4: Healthy financial position
COSCO Pacific 2009 Interim Results Healthy financial position As at 30 June 2009 Change from 31 Dec 2008 Total assets US$4,366,053,000 + 3.6% Total liabilities US$1,643,681,000 + 4.9% Total debts US$1,464,846,000 + 2.8% Net assets US$2,722,372,000 + 2.9% Net asset value per share US$1.21 + 2.8% Cash
Slide 5: Terminal business outperformed global & China market
COSCO Pacific 2009 Interim Results Terminal business outperformed global & China market 1H 2009 y-o-y change Throughput of Container Terminals (TEUs) (%) Decline of global terminal throughput Bohai Rim 8,493,867 +1.1% Qingdao Qianwan Terminal 4,427,379 +2.6% Qingdao Cosport Terminal 588,495 +2.8%
Slide 6: Bohai Rim accounted for 42.1% of total throughput
COSCO Pacific 2009 Interim Results Bohai Rim accounted for 42.1% of total throughput Outperforming regions: Container throughput breakdown by regions – Bohai Rim throughput Ç1.1% È8.5% 22,088,046 20,207,025 TEUs TEUs – Southeast Coast throughput Ç6.8% 10.6% 9.4% 2.8% Overseas 2.4% Southeast Yang
Slide 7: Utilisation rate well above the industry average
COSCO Pacific 2009 Interim Results Utilisation rate well above the industry average Fleet size: 1,605,963 TEUs È1.6% Container fleet mix – 745,185 TEUs of owned containers accounted for 46.4% of the total container fleet È1.6% • COSCON: 429,238 TEUs 1,632,356 1,605,963 TEUs TEUs • International cu
Slide 8: Declined demand of new containers
COSCO Pacific 2009 Interim Results Declined demand of new containers As a result of sharp contraction in the container shipping market, demand for new containers dropped substantially. Since the 4th quarter of 2008, CIMC plant has nearly halted dry container production. Profit contribution from
Slide 9: Outlook
COSCO Pacific 2009 Interim Results Outlook Terminal business: – Reinforcing our corporate strategy to develop the terminal business as the principal earnings driver so as to sustain the long term development. – Strengthen the operational management and cost control – By taking over Piraeus Termina
Slide 10: Long range planning
COSCO Pacific 2009 Interim Results Long range planning Introduction of larger scale stimulus programs by major economies in the world will help to further improve the global economy. It remains uncertain on when the economy will recover. In order to seize business development opportunity ahead