Orient Overseas (international) Limited · HKEX:316
Orient Overseas (international) — FY2010 Earnings Presentation
17 slides from Orient Overseas (international)'s earnings presentation, Mar 14, 2011
Slide 1: 2010 Annual Results
Orient Overseas (International) Ltd. 2010 Annual Results March 14th 2011
Slide 2: Group Results – 2010 Vs 2009
Group Results – 2010 Vs 2009 US$M 2010 2009 Profit / (loss) for the Year 1,874.4 (400.6) Made up of: Profit on Disposal of OODL 1,004.6 - Profit / (loss) from OOCL 849.2 (375.1) OOIL Activity 20.6 (1.0) Discontinued Operation - (24.5) March 14th, 2011 2
Slide 3: Group Results – 2010 Vs 2009
Group Results – 2010 Vs 2009 US$M 2010 2009 Revenue 6,033 4,350 EBIT 923 (302) Profit / (Loss) After Tax 1,874 (401) EBIT Margin 15.3% -6.9% Earnings / (loss) per Ordinary Share 298.3 (64.3) (US$ Cents) March 14th, 2011 3
Slide 4: 2010 – Dividends
2010 – Dividends US Cents 1H10 2H10 2010 Ordinary Dividend 11.5 23.0 34.5 Special Dividend 40.0 209.3 249.3 Total Dividend 51.5 232.3 283.8 March 14th, 2011 4
Slide 5: Container Transportation & Logistics
Container Transportation & Logistics US$ / TEU 2010 2009 %▲ 2H10 2H09 %▲ Liftings ('000) 4,768 4,158 15% 2,538 2,159 18% Revenue ('000) 6,008,842 4,325,998 39% 3,288,125 2,272,730 45% Revenue Per TEU* 1,178 924 27% 1,217 935 30% Operating Capacity 383,855 313,126 23% N/A N/A N/A Load Factor 81% 74%
Slide 6: All Trades Liftings and Revenue per TEU*
All Trades Liftings and Revenue per TEU* 2008 Total Lifting 2009 Total Lifting 2010 Total Lifting 2008 Total Revenue per TEU 2009 Total Revenue per TEU 2010 Total Revenue per TEU TEU ('000) Revenue per TEU (US$) 1,600 1,400 1,400 1,300 1,200 1,200 1,000 1,100 800 1,000 600 900 400 800 200 700 0 600
Slide 7: Bunker Fuel Cost
Bunker Fuel Cost US$M 2010 2009 %▲ Total Consumption ('000 TON) 1,832 1,877 2% Average Price 458 353 (30%) Total Bunker Costs (US$M) 857 674 (27%) % of Total Operating Costs 18% 16% (2%) March 14th, 2011 7
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights US$M 2010 2009 Non-current Assets 4,516 4,324 Current Assets 4,556 3,006 Total Assets 9,072 7,330 Non-current Liabilities 2,469 2,170 Current Liabilities 1,024 1,192 Total Liabilities 3,493 3,362 Equity holders 5,572 3,944 Non-controlling Interests 7 24 Total Equity 5,579 3,
Slide 9: Net (Cash) / Debt Position
Net (Cash) / Debt Position US$M 31 Dec 2010 31 Dec 2009* Liquid Assets 4,133 1,616 Debt 2,664 2,656 Net (Cash) / Debt (1,469) 1,040 *Note: Including the discontinued operation – OODL for 2009. March 14th, 2011 9
Slide 10: Debt-to-Equity Ratios
Debt-to-Equity Ratios Gross Debt to Equity* Net Debt to Equity* 2.0 2.0 1.5 1.5 1.0 1.0 0.76 0.67 0.53 0.54 0.48 0.5 0.5 0.33 0.26 Net Cash 0.07 Net Cash 0.0 0.0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 *Note: Including the discontinued operation – OODL for 2009. March 14th, 2011 10
Slide 11: Total Liquid Assets
Total Liquid Assets US$M 31 Dec 2010 31 Dec 2009* Restricted bank balances 6 2 Cash and bank balances 3,852 1,487 Portfolio investments, Equities and Bonds 275 127 Total 4,133 1,616 *Note: Including the discontinued operation – OODL for 2009. March 14th, 2011 11
Slide 12: OOCL Static Slot Capacity Breakdown*
OOCL Static Slot Capacity Breakdown* % of # of Capacity Average As at 31 Dec 2010 Total Vessels (TEU) (TEU) Fleet Owned 45 268,502 5,967 70% Long Term Chartered 10 49,480 4,948 13% Operating Lease 1 4,402 4,402 1% Short Term Chartered 32 85,023 2,657 22% Charter-Out (4) (23,552) 5,888 6% Operating C
Slide 13: OOCL Fleet for Future Deliveries
OOCL Fleet for Future Deliveries • Delivery schedule of 8 x 8,888 teus vessels: 1. April 2011 2. June 2011 3. December 2012 4. March 2013 5. August 2013 6. November 2013 7. January 2014 8. April 2014 • New orders were placed with Hudong – Zhonghua Shipyard (Group) Co. Ltd, PRC March 14th, 2011 13
Slide 14: Trade Outlook - 2011
Trade Outlook - 2011 • The immediate outlook for 2011 remains positive • Expect supply and demand in near-balance March 14th, 2011 14
Slide 15: OOIL’s Outlook for 2011
OOIL’s Outlook for 2011 • We remain operationally robust and financially strong. • We have sufficient liquidity and funding to meet future needs. • We are confident of our ability to continuing growing and meeting our goals. March 14th, 2011 15
Slide 16: Disclaimer
Disclaimer The information provided is for reference only and includes data obtained from sources provided by the relevant information provider(s) and is subject to change without notice. Orient Overseas (International) Limited (“OOIL”) and its affiliates, and the concerned information provider(s),
Slide 17: THANK YOU
THANK YOU
Orient Overseas (International) — FY2010 Earnings Presentation on 6ix