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

Compania Sud Americana De Vapores — Q2 2015 Earnings Presentation

18 slides from Compania Sud Americana De Vapores's earnings presentation, August 2015

  1. Slide 1: Second Quarter 2015 Results

    Second Quarter 2015 Results August 2015

  2. Slide 2: Agenda

    Agenda 1. Highlights 2. Market Situation 3. Second Quarter Results 4. Cash Position 5. Outlook

  3. Slide 3: 1. Highlights

    1. Highlights EIICSAV

  4. Slide 4: Highlights

    Highlights  CSAV reported a profit of MMUS$ 9.1 for the second quarter of 2015, an improvement of MMUS$ 67.6 compared to the loss of MMUS$ 58.5 reported for the same quarter in 2014, and a decrease of MMUS$ 61.8 with respect to the profit of MMUS$ 70.9 posted for the first quarter of 2015.  The se

  5. Slide 5: Highlights

    Highlights  Thanks to cost cutting and fleet flexibility programs being implemented by CSAV, the Company has been able to partially mitigate the negative impacts of the reduced demand for vehicle transport observed since 2014.  In order to improve its financing structure, on August 11, 2015, the C

  6. Slide 6: 2. Market Situation

    2. Market Situation EIICSAV

  7. Slide 7: Containership Fleet

    Containership Fleet Graph 1: Orderbook / Fleet: 21,2% (August 2015) Graph 2: Idle Fleet: 377,000 TEU or 1.9% (August 2015) Fleet Orderbook Orderbook to Fleet Ratio Idle Fleet % of Total Fleet 25 90% 1.600 16% 80% 1.400 14% 20 Orderbook/Fleet 70% Idle Capacity in Th. Teus 1.200 12% Million Teus 60% %

  8. Slide 8: Market Evolution

    Market Evolution Graph 4: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI 1.800 Average Margin Average Margin Average Margin Average Margin Average Margin Average Margin 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 536 H1´15= 541 1.600 1.400 1.200 1.000 800 600 400 200 0 Apr-10

  9. Slide 9: Market Evolution: Vehicle Sales Evolution

    Market Evolution Graph 5: Vehicles Sales Evolution (Chile and Perú) Light Vehicles Heavy Vehicles 350 300 22 -16% 250 24 17 Thousand of Vehicles 14 200 -12% 150 273 237 249 9 100 210 7 50 120 106 0 H1'12 H1'13 H1'14 H1'15 Q2'14 Q2'15 Source: ANAC (Chile) and ARAPER (Perú) 9

  10. Slide 10: 4. Second Quarter Results

    4. Second Quarter Results EIICSAV

  11. Slide 11: CSAV Second Quarter 2015 Result

    CSAV Second Quarter 2015 Result Million of US$ Q2 2015 Q2 2014 ∆ ∆% H1 2015 H1 2014 ∆ ∆% Operating Revenue 40.5 58.8 (18.4) -31% 112.0 156.4 (44.4) -28% Operating Cost (38.9) (59.7) 20.8 -35% (109.5) (150.7) 41.2 -27% Gross Margin 1.6 (0.9) 2.5 n.m. 2.5 5.7 (3.2) -57% SG&A and Others (3.4) (3.9) 0.5

  12. Slide 12: Reporting Segment Result 2015

    Reporting Segment Result 2015 Container Shipping Business Other Transport Services Million of US$ Q1 2015 Q2 2015 H1 2015 Q1 2015 Q2 2015 H1 2015 Operating Revenue 0.0 0.0 0.0 71.5 40.5 112.0 Operating Cost 0.0 0.0 0.0 (70.6) (38.9) (109.5) Gross Margin 0.0 0.0 0.0 0.9 1.6 2.5 SG&A and Others (0.5)

  13. Slide 13: Hapag-Lloyd H1 2015 Result

    Hapag-Lloyd H1 2015 Result  For more details on HLAG´s results please visit IR Section of HLAG website – http://www.hapag-lloyd.com/en/investor_relations/overview.html 13

  14. Slide 14: 4. Cash Position

    4. Cash Position EIICSAV

  15. Slide 15: Cash Position

    Cash Position Graph 6: Cash Position (USD million) 72.8 -1.2 50.6 -18.4 -2.3 -0.4 Cash 31-Mar-15 EBITDA * Working Capital and Investment Cash Flow Financing Cash Flow Cash 30-Jun-15 Use of Provisions * EBITDA index does not include MMUSD$ 5.6 of reversed liabilities associated to the closing of the

  16. Slide 16: 5. Outlook

    5. Outlook EIICSAV

  17. Slide 17: Outlook

    Outlook Graph 7: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI 1.800 Avg. Margin ‘10 = 918 Avg. Margin ‘11 = 392 Avg. Margin ‘12 = 605 Avg. Margin ‘13 = 480 Avg. Margin ‘14 = 536 Avg. Margin 1.600 YTD‘15 = 518 1.400 1.200 1.000 800 600 400 200 0 Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 A

  18. Slide 18: 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

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