Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — Q2 2013 Earnings Presentation
15 slides from Compania Sud Americana De Vapores's earnings presentation, Jul 31, 2013
Slide 1: Second Quarter 2013 Results
Second Quarter 2013 Results July 31, 2013
Slide 2: Agenda
Agenda 1. Market Situation 2. Second Quarter 2013 Results 3. Cash Position 4. Outlook
Slide 3: 1. Market Situation
BICSAV 1. Market Situation EICSAV
Slide 4: Containership Fleet
Containership Fleet Graph 1: Idle Fleet: 439,000 TEU or 2.6% (July 2013) Idle Fleet % of Total Fleet 1,600 16% 1,400 14% Idle Capacity in Th. Teus 1,200 12% % of Total Fleet 1,000 10% 800 8% 600 6% 400 4% 2.6% 200 2% 0 0% Aug/09 Aug/10 Aug/11 Aug/12 Oct/08 Dec/08 Feb/09 Apr/09 Jun/09 Oct/09 Dec/09 F
Slide 5: Market Evolution
Market Evolution Graph 3: SCFI vs Rotterdam Platts o During the first quarter of 2012, freight rates SCFI -RTM Margin Rotterdam Platts SCFI were deeply affected in most markets, Average Margin Average Margin 2010 = 918 Average Margin 2011 = 392 Average Margin 2012 = 605 2013 = 508 achieving historic
Slide 6: 2. Second Quarter 2013 Results
2. Second Quarter 2013 Results
Slide 7: Second Quarter 2013 Results
Second Quarter 2013 Results Graph 4: Main Financial Figures (USD Million) *Operating Revenue and Cost of Sales excluding degree of completion. ** Difference with previous report is due to a reclassification with no impact in net profit. *** Admin. Expenses & Others and Operating Revenue excluding pr
Slide 8: 3. Cash Position
BICSAV 3. Cash Position EICSAV
Slide 9: Cash Position
Cash Position Graph 5: Cash Position (USD million) 198.8 19.0 38.9 184.7 -16.0 -21.4 -4.4 -30.2 Cash 31-mar-13 EBITDA** Working Restructuring* Net Capex Net Debt Interest Cash 30-jun-13 Capital and Others * Restructuring Cash Flow includes all the contracts signed and the provisions recognized in re
Slide 10: 4. Outlook
BICSAV 4. Outlook EICSAV
Slide 11: Outlook
Outlook Graph 6: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI 1,800 Average Margin 2010 = 918 Average Margin 2011 = 392 Average Margin 2012 = 605 Average Margin 2013 1,600 = 505 1,400 1,200 1,000 800 600 400 200 0 Jan-10 Mar-10 May-10 Nov-10 Nov-11 Nov-12 Mar-13 May-13 Jul-10 Sep-
Slide 12: Outlook
Outlook The operational and commercial activity of the second quarter of 2013, which will explain to an important extent the results of the third quarter, have shown ex-bunker freight rates below those of the same quarter last year. Part of this negative effect might be compensated with better utili
Slide 13: Outlook
Outlook The forecast for deliveries of new container vessels in 2013 is of around 10% of the total existing fleet. This unfavorably compares to a forecasted global volumes/demand growth of 3% to 7%, depending on different analysts. Due to this, during 2013 the conditions for the industry will remain
Slide 14: Outlook
Outlook Despite all the industry’s rationalization efforts, the ex-bunker freight rate continues to be positioned below the historical levels in most trades and below the level that the industry should consider as a sustainable equilibrium. This situation has not allowed the industry to enjoy normal
Slide 15: 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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