Dvmp · RUS:FESH
Dvmp — FESCO Transportation Group — 9M 2015 Earnings Presentation
13 slides from Dvmp's earnings presentation, Nov 25, 2015
Slide 1: FESCO Transportation Group 9M 2015 Operational and Financial Results
FESCO Transportation Group 9M 2015 Operational and Financial Results Investor conference call November 25, 2015
Slide 2: Contents
Contents 1. Key Highlights………………………………………………………………………………………………..…….. p.4 2. Russian Port Market Update……………………………………………………………………..…..…….. p.5 3. Russian Rail Market Update…………………………………………………………………………..…….. p.6 4. Global Container Freight Market Update……………………………………………………....…….. p.7 5. Operational P
Slide 3: Today's Speakers
Today’s Speakers Victor Belyakov Alexander Isurin Vice President, Finance Senior Vice President, Commerce 3
Slide 4: Key Highlights
Key Highlights • Uncertain economic environment, FX rates fluctuations and slowdown in domestic consumption negatively impacted transportation volumes • Transportation market recovery in 9M 2015 was weaker than expected • Focus on strengthening relationship with direct accounts and extending presenc
Slide 5: Russian Port Market Update
Russian Port Market Update Container Throughput in Russian Ports, 9M 2015 (‘000 TEU) Shares of Major Container Operators in Far East, 9M 2015 3 995 -26% 569 -19% 2 956 1 195 461 -24% 31,3% 28,4% VMTP 912 VSK 2 231 -29% Vladivostok Fishing 1 583 Other 10,4% 9M2014 9M2015 29,9% Baltic and Arctic Far E
Slide 6: Russian Rail Market Update
Russian Rail Market Update Freight Transportation Freight Transportation Containerised Cargo Gondola Railcars Rates, Volume (m tons) Turnover (bn tons-km) Transportation Volume (‘000 TEU) RUB/day/railcar 110 205 300 800 106 195 280 700 600 260 102 185 500 240 400 98 175 220 300 200 200 94 165 Septem
Slide 7: Global Container Freight Market Update
Global Container Freight Market Update Deep Sea Rates vs. Intermodal Transportation Rates ($ / 40’ TEU) $7 000 $6 000 $5 000 $4 000 $2 775 $3 000 $1 930 $2 000 $1 000 $845 $0 apr-14 jul-14 apr-15 jul-15 sep-14 aug-15 sep-15 aug-14 may-14 oct-14 jan-15 may-15 oct-15 jan-14 feb-14 jun-14 feb-15 nov-14
Slide 8: Operational Performance by Division for 9M 2015
Operational Performance by Division for 9M 2015 Key Operating Metrics 9M 2014 9M 2015 YoY change Port Vladivostok port container volumes (TEU) 381,227 259,198 -32.0% Division Vladivostok port general and bulk cargo volumes (‘000 tons) 1,786 1,536 -14.0% Rail Rail container transportation (‘000 TEU)
Slide 9: Financial Performance by Division for 9M 2015
Financial Performance by Division for 9M 2015 Division Revenue ($m) YoY change EBITDA ($m) YoY change EBITDA margin YoY change Port 89.0 -36.7% 48.2 -28.8% 54.2% +6.0 pp Rail 81.8 -34.9% 15.8 -56.8% 19.3% -9.8 pp Liner and Logistics 294.4 -38.3% 14.0 -48.0% 4.8% -0.8 pp Shipping 66.6 +15.2% 21.0 +16
Slide 10: Consolidated Financial Results for the Group
Consolidated Financial Results for the Group Revenue EBITDA and EBITDA margin 140 +8% +14% 844,1 32 181 120 131,5 5308 -36% 29 908 -33% 4673 100 80 88,5 543,5 16,3% 16,5% 60 15,6% 15,6% 40 RUBm RUBm 20 $m $m 0 9M2014 9M2015 9M2014 9M2015 9M2014 9M2015 9M2014 9M2015 EBITDA EBITDA Margin EBITDA EBITDA
Slide 11: Leverage Overview
Leverage Overview Summary Overview Consolidated Group Financial Position • $641.7m of the acquisition financing and part of pre-existing loans refinanced by Senior Secured Notes due 2018 and 30-Jun- 30-Sep- ($m) 2020 2015 2015 • RUB 2bn bond (BO-02) due 2016-2017 issued to refinance Public Debt1 752
Slide 12: Managing Costs and CAPEX
Managing Costs and CAPEX Costs and Expenses Optimisation Programme Capital Expenditures • Focus on operational efficiency improvement with ($m) 9M 2014 9M 2015 Port labour productivity growth, overheads reduction Division • Improving productivity of equipment, reduction of Port Division 13.9 2.9 mai
Slide 13: Contacts
Contacts For more information please contact IR Department: Daria Fadeeva, Head of IR [email protected] +7 (495) 780 60 01
FESCO Transportation Group — 9M 2015 Earnings Presentation on 6ix