Cosco Shipping Ports Limited · HKEX:1199
Cosco Shipping Ports — COSCO Pacific — H1 2013 Earnings Presentation
9 slides from Cosco Shipping Ports's earnings presentation, Aug 27, 2013
Slide 1: 2013 Interim Results Press Conference
2013 Interim Results Press Conference 27 August 2013 COSCO Pacific Limited File: 2013-0827_Interim Results Press Conference 1
Slide 2: Top-line revenue growth
Top-line revenue growth Terminal profit margin under pressure 1H2013 1H2012 P&L YoY US$ million US$ million Turnover 395.20 +7.6% 367.36 Gross profit 172.98 +4.5% 165.47 Operating profit 136.97 +8.8% 125.88 Operating profit after finance income & costs 96.07 +3.7% 92.64 Share of profits less losses
Slide 3: Moderate decline in recurring core profit
Moderate decline in recurring core profit 1H2013 1H2012 Net profit by segments YoY % of total % of total US$ million US$ million Terminals 92.83 -5.1% 54.9% 97.84 57.3% Container leasing, management 76.29 +4.8% 45.1% 72.77 42.7% and sale Recurring core profit 169.12 -0.9% 100.0% 170.61 100.0% Share
Slide 4: Stable dividend payout ratio
Stable dividend payout ratio 1H2013 YoY 1H2012 Basic earnings per share from continuing US5.16 cents -6.2% US5.50 cents operations Note Basic earnings per share Note US20.11 cents +204.7% US6.60 cents HK18.6 cents HK20.5 cents Interim dividend per share -9.3% US2.396 cents US2.640 cents HK43.8 cents
Slide 5: Terminals: stable revenue growth
Terminals: stable revenue growth Weaker profit performance due to higher costs Terminal division 1H2013 YoY 1H2012 Divisional revenue (US$ m) note 217.07 +9.7% 197.81 % of total revenue 54.9% +1.1pp 53.8% Divisional profit (US$ m) 92.83 -5.1% 97.84 % of total recurring core profit 54.9% -2.4pp 57.3%
Slide 6: Leasing: stable revenue and profit growth
Leasing: stable revenue and profit growth Increased in on-hire containers Container leasing division 1H2013 YoY 1H2012 Divisional revenue (US$ m) 180.23 +5.7% 170.57 - Container Leasing revenue 147.10 +6.8% 137.69 - Disposal of returned containers 26.10 -2.8% 26.84 - Management income 3.82 +5.2% 3.6
Slide 7: Awards
Awards • “Corporate Governance Asia Recognition Award” for the seventh consecutive year by Corporate Governance Asia magazine • “Outstanding China Enterprise Award” for the second consecutive year by Capital magazine File: 2013-0827_Interim Results Press Conference 7
Slide 8: 2013 business outlook
2013 business outlook • Implement long-term strategy which focuses on the development of the terminal business, and actively explore and assess investment opportunities in terminal projects in China, Southeast Asia, North America and Europe. • Expand container leasing fleet, optimise the lease mix a
Slide 9: Q&A
Q&A