International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — FY2015 Earnings Presentation
17 slides from International Container Terminal Services's earnings presentation, Mar 8, 2016
Slide 1: FY 2015 Investor Presentation
FY 2015 INVESTOR PRESENTATION March 8, 2016
Slide 2: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 3: Volume
Volume Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in TEU) FY 2015 6,309,840 7,438,635 7,775,993 5% 18% 943,334 930,616 12% 13% 794,182 13% 2,738,079 2,687,447 35% 36% 1,725,324 27% 2015 vs 2014 consolidated volume up 5%; Excluding ICTSI Iraq,
Slide 4: Revenue
Revenue Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000) FY 2015 852,394 1,061,152 1,051,325 24% -1% 105,093 109,109 10% 10% 90,260 11% 424,575 377,639 40% 36% 304,279 36% Yield:TEU (in US$) 143 130 135 135 125 127 121 119 102 531,484 564
Slide 5: Consolidated P&L Highlights
Consolidated P&L Highlights Recent Liquidity and Financial Capital Other Questions Performance Resources Matters and Answers (in US$ ‘000, except Volume & EPS) 2014 2015 % change Volume up 5% due to ramp-up at CMSA & OPC; new shipping line contracts & Volume (in TEU) 7,438,635 7,775,993 5% services
Slide 6: Recurring Net Income
Recurring Net Income Recent Liquidity and Financial Capital Other Questions Performance Resources Matters and Answers (in US$ ‘000) 2014 2015 % change Net Income Attributable to Equity Holders 181,988 58,545 -68% Non-recurring items (9,369) 116,131 Non-cash impairment charge on goodwill/port infrast
Slide 7: FX Movement since January 2014
FX Movement since January 2014 Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 90 100 110 120 130 140 January - December 150 Currency Ave 2014 Ave 2015 Growth (%) PKR 101.03 102.75 (1.7) 160 CNY 6.16 6.29 (2.0) PHP 44.40 45.52 (2.5) MXN 13.31 15.88 (1
Slide 8: FY 2015 Yield/TEU Analysis
FY 2015 Yield/TEU Analysis Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 2014 2015 % Change Volume (TEU ‘000) 7,439 7,776 5% Revenues (US$ million) 1,061 1,051 -1% Yield/TEU (US$) 143 135 -5% EBITDA (US$ million) 443 450 2% EBITDA Margin 42% 43% FX
Slide 9: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Liquidity and Financial Capital Other Questions Performance Resources Matters and Answers 2014 2015 % change (in US$ ‘000) Financing charges & other expenses 54,265 183,540 238% Interest expense higher due to slightly higher debt Interest Expense on Loans/Bo
Slide 10: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 11: Balance Sheet Summary
Balance Sheet Summary Recent Liquidity and Financial Capital Other Questions Performance Resources Matters and Answers (in US$ million) 2013 2014 2015 Intangible and Property and equipment 2,410 2,705 2,864 Cash and cash equivalents 242 194 354 Other current and noncurrent assets 435 502 623 Total A
Slide 12: Principal Redemption Profile
Principal Redemption Profile Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ million) Capital structure is well positioned to match the long-term nature of port concession contracts. 700 600 500 400 300 200 100 0 Cash 2016 2017 2018 2019 2020
Slide 13: Capital Expenditures
Capital Expenditures Recent Liquidity and Financial Capital Other Questions Performance Resources Matters and Answers US$28M US$23M (7%) (6%) US$46M (11%) US$74M (21%) 2015A 2016B US$257M US$346M (73%) (82%) US$354M US$420M Greenfield Expansionary Maintenance 2015 CAPEX mainly for: 2016 CAPEX mainly
Slide 14: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 15: 2015 Significant Events
2015 Significant Events Recent Liquidity and Financial Capital Other Questions Performance Resources Matters and Answers Dec Established ICTSI Asia Pacific Business Services, Inc., ICTSI’s first shared services company to deliver business process outsourcing and related services to its subsidiaries
Slide 16: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 17: FY 2015 Investor Presentation
FY 2015 INVESTOR PRESENTATION
International Container Terminal Services — FY2015 Earnings Presentation on 6ix