International Container Terminal Services, Inc. · PSE:ICT

International Container Terminal Services — Q3 2014 Earnings Presentation

23 slides from International Container Terminal Services's earnings presentation, Nov 13, 2014

  1. Slide 1: Investor Briefing 3Q 2014 Results

    Investor Briefing 3Q 2014 Results November 13, 2014

  2. Slide 2: Agenda

    AGENDA 1 Recent Financial Performance 2 Liquidity and Capital Resources 3 Other Matters 4 Questions and Answers 5 Appendices

  3. Slide 3: Recent Financial Performance

    1 Recent Financial Performance

  4. Slide 4: 9M 2014 Volume Up 17%

    9M 2014 Volume Up 17% Volume by segment (in TEU) Volume by segment (in %) 4,083,842 4,628,117 5,410,224 12% 51% 9M 2014 37% +17% 13% 26% 61% 9M 2013 670,841 +13% 595,977 622,065 2,010,268 15% 56% 1,219,116 29% 9M 2012 1,179,412 ASIA AMERICAS EMEA 2,813,024 2,729,115  9M 2014 vs 9M 2013 consolidated

  5. Slide 5: 3Q 2014 Volume Up 15%

    3Q 2014 Volume Up 15% Volume by segment (in TEU) Volume by segment (in %) 13% 1,386,107 1,601,112 1,844,200 51% 36% 3Q 2014 13% 26% 61% +15% 3Q 2013 +16% 233,887 203,362 15% 213,025 672,711 58% 419,295 27% 3Q 2012 374,302 ASIA AMERICAS EMEA 978,455 937,602  3Q 2014 vs 3Q 2013 consolidated volume up

  6. Slide 6: 9M 2014 Revenues 25% Higher

    9M 2014 Revenues 25% Higher Revenue by segment (in US$ ‘000 ) Yield : TEU (in US$) 524,722 624,700 779,208 144 135 130 125 127 121 119 +25% 102 77,170 2007 2008 2009 2010 2011 2012 2013 9M +19% 2014 66,924 319,104 64,572 219,085  Consolidated revenues 25% higher in 9M 2014 vs 9M 2013; 207,873 Organ

  7. Slide 7: 3Q 2014 Revenues 27% Higher

    3Q 2014 Revenues 27% Higher Revenue by segment (in US$ ‘000 ) Key Terminals 179,710 210,988 268,923 Others 25% MICT (Manila) 36% PICT (Pakistan) 7% +27% CGSA TSSA (Ecuador) (Brazil) 25,246 12% YRDICTL BCT MICTSL 10% +17% (China) (Madagascar) (Poland) 3% 4% 4% 21,607 106,919 21,062  Consolidated rev

  8. Slide 8: Consolidated P&L Highlights (9M)

    Consolidated P&L Highlights (in US$’000, except Volume & EPS) 9M 2013 9M 2014 % change Volume (in TEU) Volume up 17% due to the volume contribution from new terminals CMSA 4,628,117 5,410,224 17% & OPC and the consolidation of terminal operations in Yantai Port Gross Revenues from Revenues increased

  9. Slide 9: Consolidated P&L Highlights (3Q)

    Consolidated P&L Highlights (in US$’000, except Volume & EPS) 3Q 2013 3Q 2014 % change Volume up 15% due to the volume contribution from new terminals CMSA Volume (in TEU) 1,601,112 1,844,200 15% & OPC and the consolidation of terminal operations in Yantai Port Gross Revenues from Revenues increased

  10. Slide 10: Financing Charges & Other Expenses

    Financing Charges & Other Expenses (in US$’000) 9M 2013 9M 2014 % change Financing charges & other expenses 33,924 38,380 13% Interest Expense on Loans/Bonds 57,271 58,780 3% Interest expense slightly higher due to higher debt level Capitalized borrowing cost lower as CMSA completed Capitalized borr

  11. Slide 11: 9M 2014 Recurring Net Income

    9M 2014 Recurring Net Income (in US$’000) 9M 2013 9M 2014 Net Income Attributable to Equity Holders 128,785 126,333 (Recurring) % change -2% Less: Write-down of TECPLATA Intangibles (3Q) - (38,148) Add: Non-recurring income 47,561 - Gain on sale of CICTI (1Q) 13,150 Gain on termination of management

  12. Slide 12: Liquidity and Capital Resources

    2 Liquidity and Capital Resources

  13. Slide 13: Balance Sheet Summary

    Balance Sheet Summary (in US$ million) 2011 2012 2013 Sept 30, 2014 Intangible and Property and equipment - net 1,232.5 1,815.4 2,410.3 2,630.7 Cash and cash equivalents 457.6 186.8 242.2 222.7 Other current and noncurrent assets 254.7 330.8 435.2 479.9 Total Assets 1,944.7 2,333.0 3,087.6 3,333.4 T

  14. Slide 14: Principal Redemption Profile

    Principal Redemption Profile as of December 31, 2013 as of June 30, 2014 as of Sept. 30, 2014 550 LME 550 500 550 500 500 450 450 450 400 400 400 350 350 350 300 300 300 250 250 250 200 200 200 150 150 150 100 100 100 50 50 50 0 0 0 Cash level ST Loans LT Loans Cash level ST Loans LT Loans Cash leve

  15. Slide 15: Other Matters

    ©) Other Matters 255, Ass iding rom Cres to cres

  16. Slide 16: Recent Developments

    Recent Developments  Established a loan facility programme and signed a 5Y US$350M revolving credit facility in July 2014  Signed a termination agreement with L&T cancelling ICTSI’s management and operation contract for the Kattupalli Container Terminal in Tamil Nadu, India in July 2014  Acquired

  17. Slide 17: Questions and Answers

    4 Questions and Answers

  18. Slide 18: Appendices

    © Appendices “Wy Riding vraus from crest Ambo crest

  19. Slide 19: VICT - Melbourne, Australia

    VICT - Melbourne, Australia Victoria International Container Terminal Limited  On May 2, 2014, ICTSI’s subsidiary, Victoria International Container Terminal Limited (“VICTL”), signed a contract in Melbourne with Port of Melbourne Corporation (“POMC”) for the design, construction, commissioning, ope

  20. Slide 20: ICTSI (ME) JLT - Umm Qasr, Iraq

    ICTSI (ME) JLT - Umm Qasr, Iraq ICTSI (ME) JLT  On April 8, 2014, ICTSI’s wholly-owned subsidiary, ICTSI (M.E.) JLT, signed contract with General Company for Ports of Iraq (“GCPI”) to operate, develop and expand container facilities at the Port of Umm Qasr in Iraq, which is the largest port in Iraq

  21. Slide 21: ICTSI DR CONGO - Matadi, Congo

    ICTSI DR CONGO - Matadi, Congo ICTSI DR Congo, S.A.  ICTSI, through its subsidiary ICTSI Coöperatief U.A., forged a business partnership with La Societe De Gestion Immobiliere Lengo ("SIMOBILE") for the establishment and formation of a joint venture company, International Container Terminal Servic

  22. Slide 22: OPCSA - Puerto Cortes, Honduras

    OPCSA - Puerto Cortes, Honduras Operadora Portuaria Centroamericana, SA de CV  ICTSI’s subsidiary, Operadora Portuaria Centroamericana, S.A. de C.V. (“OPCSA”) signed Concession Contract for the Design, Financing, Construction, Maintenance, Operation and Exploitation of the Specialized Container and

  23. Slide 23: International Container Terminal Services, Inc.

    International _ Container Terminal Services, Inc. EXCELLENCE UNCONTAINED

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