Navios South American Logistics Inc. Company Presentation
|
|
- Quentin Walton
- 6 years ago
- Views:
Transcription
1 Navios South American Logistics Inc. Company Presentation November 2014
2 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios South American Logistics, Inc. s ( Navios Logistics, NSAL, or the Company ) growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as expects, intends, plans, believes, anticipates, hopes, estimates, and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding expected revenues and time charters. Although the Company believes that the expectations reflected in such forwardlooking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for barge, pushboat and product tanker vessels; competitive factors in the market in which the Company operates; weatherrelated risks; risks associated with operations outside the United States; and other factors listed from time to time in the Company s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For the selected financial data presented herein, Navios Logistics compiled consolidated statements of operation and selected balance sheets for the relevant periods. Adjusted EBITDA represents Net Income/(Loss) attributable to Navios Logistics stockholders before interest, taxes, depreciation and amortization and excludes certain items as described under Earnings Highlights. Adjusted EBITDA is presented because it is used by certain investors to measure a company's operating performance. Adjusted EBITDA is a non-gaap financial measure and should not be considered a substitute for net income, cash flow from operating activities and other operations or cash flow statement data prepared in accordance with accounting principles generally accepted in the United States or as a measure of profitability or liquidity. While Adjusted EBITDA is frequently used as a measure of operating performance, the definition of Adjusted EBITDA used here may not be comparable to that used by other companies due to differences in methods of calculation. 2
3 Navios Logistics Overview 3
4 Creating Shareholder Value Navios Maritime Holdings Inc. (NYSE: NM) Controls 64-vessel dry bulk fleet; 40 owned and 24 long term chartered-in vessels. Global brand; Flexible business model Stable cash flow from charter out contracts and distributions (including IDRs) from subsidiaries FY 2013 EBITDA: $159.8 million; 9M 2014: $153.6 million Share price: $5.78 Annual Dividend: $0.24; 4.2% yield 20% $2.05/share 46.4% $2.06/share 63.8% Navios Maritime Partners L.P. (NYSE: NMM) Fleet: 32 vessels: 8 Capesize, 14 Panamax, 3 Ultra Handymax Dry Bulk Carriers and 7 Container vessels MLP with high dividend payout model FY 2013 EBITDA:$153.4 million; 9M 2014: $160.7 million Market value of NM ownership: $217.0 million Annual dividend: $1.77; 12.9% yield Navios Maritime Acquisition Corp. (NYSE: NNA) Fleet: 41 vessels: 29 product tankers, 8 VLCC, 4 chemical tankers Acquired crude and product tankers for historically low values Developing leading company in tanker sector EBITDA: FY 2013: $122.6 million; 9M 2014: $110.5 million Market value of NM ownership: $218.2 million Annual dividend: $0.20; 6.7% yield 57.5% Navios South American Logistics Logistics operator in Hidrovia Region Core operations: Port Terminal facilities (dry & wet), barging (dry & wet), cabotage business EBITDA: FY 2013: $56.8 million; 9M 2014: $53.5 million 20-year contract with Vale for port services expected $35 million annual minimum EBITDA All stock prices and yields as of November 12, Navios Maritime Midstream Partners L.P (NYSE: NAP) Fleet: 4 VLCCs Focused on long-term charter business in the tanker midstream sector Options on 7 VLCC dropdowns provide built-in fleet & distribution growth NTM EBITDA: $47million 4
5 Navios Logistics Ownership Structure Navios Maritime Holdings Inc. NYSE: NM 63.8% Ownership 36.2% Ownership Navios South American Logistics Inc. (Marshall Islands) Peers Business Inc. Port Terminals Barge Business Cabotage Business Storage and Transshipment Bulk Terminal Nueva Palmira, Uruguay (tax free zone) with 460,000 mt storage capacity Fuel Terminal San Antonio, Paraguay with 45,660 m 3 storage capacity 20-year contract with Vale for port services expected $35 million annual minimum EBITDA 361 (1) barges and pushboats transporting dry and liquid cargoes across the river system Push boats Dry barges Oil barges LPG barges 1 floating dry dock Refined product transportation along the Argentinean coast Six ocean going product tankers, two self-propelled barges and one bunker vessel Strategy to secure cash flows with long term contracts Awarded Brazilian Cabotage contracts for six new building vessels (1) Including three new building push boats to be delivered in Q
6 Navios Logistics Highlights Leading Logistics Provider in the Hidrovia Region of South America Multiple Avenues of Growth Favorable Market Fundamental Scale and Strong Asset Base Provide Operating Efficiency Strong Counterparties Focus on Contracted Cash Flow Seasoned Management Team with Strong Track Record and Established Brand Largest independent dry terminal in Hidrovia One of the largest independent liquid terminals in Paraguay One of the largest, most versatile river barge fleets serving a diverse set of industries Largest Argentinean product cabotage fleet with an average age of 5 years Opportunities to invest in new port infrastructure 20-year contract with Vale for storage and transshipment of mineral commodities Increasing minerals and grain production and fuel demand create need for new convoys Opportunity to expand in Brazilian cabotage Robust growth in exports of grain and mineral commodities Hidrovia system and coastal cabotage are critical infrastructure for region Economies of scale provide low costs per ton transported Integrated terminal, barge and cabotage network offers substantial operating leverage Diverse group of large, high-quality counterparties ADM, Bunge, Cargill, Dreyfus, Petrobras, Petropar, Vale, Vitol among others Strategic positioning with fixed rate contracts and CoAs with minimum volume guarantees Long-term relationships with high contract renewal rates Strategic relationships Experienced management team Long operating history in region 6
7 Integrated Transportation and Storage Services Port Terminals Barge Business Cabotage Business Asset Base Bulk transfer and storage port terminal in Nueva Palmira, Uruguay Liquid port in San Antonio, Paraguay 295 dry barges 34 tank barges 27 pushboats 1 2 small inland oil tankers 3 LPG barges 1 floating dry dock 6 Product tankers (8,974 17,508 dwt) 2 self-propelled barges 1 Bunker Vessel (1,693 dwt) Commodities Transported or Stored Dry cargo (cereals, soybeans, iron ore, etc) Liquid cargo (primarily diesel fuel and naphtha) Dry cargo Liquid cargo Liquefied Petroleum Gas (LPG) Refined oil products Typical Customer Contracts Long-term storage and transshipment contracts New 20-year storage and transshipment contract with Vale for mineral commodities Time charters and CoAs (1-6 years) Spot market contracts Time charters (1-3 years average duration) Spot market contracts Geographic Region Strategic locations along the Hidrovia river system Hidrovia river system Argentinean coastal trade Opportunity to expand into Brazilian cabotage market 1. Including three new building push boats to be delivered in Q
8 Largest Independent Logistics Provider in Hidrovia Ports Barge Business Cabotage # Barges & Pushboats Top 5 Players DWT ( 000) Top 5 Argentinean Coastal Cabotage Players by Tonnage 1 72 Largest Independent Dry Port in the Hidrovia One of the Largest Independent Liquid Ports in Paraguay 0 Ultrapetrol NSAL Fluvialba ADM Interbarge 0 NSAL National Shipping Antares Petrotank Maruba Key Benefits of Large Scale Lower operating costs Greater market presence Higher quality charterers Strong strategic relationships (shipyards, commercial banks, etc.) 1. Includes vessels 5,000 29,000 DWT 2. Including three new building push boats to be delivered in Q Sources: Drewry 8
9 Navios Logistics Presence Throughout Supply Chain Brazil Bolivia Paraguay Fuel Port Terminal Loading / Unloading 45,660 m 3 storage capacity Paraguay Barge Transportation barges and push boats Dry and liquid cargos Uruguay Bulk Port Terminal Loading / Unloading 460,000 mt storage capacity Drying & conditioning facility Dry Port Liquid Port Iron ore Grains Liquid cargo Argentina 1. Including three new building push boats to be delivered in Q Uruguay Exports Cabotage Transportation 6 ocean going tankers 2 self-propelled barges 1 bunker vessel Distribution of oil products 9
10 Navios Logistics Recent Developments Iron ore port development for 20-year storage and transshipment contract with Vale Developing the engineering design and advancing on equipment selection and procurement Advancing on remaining regulatory processes Acquisition update of six convoys Three convoys: Three convoys have been delivered and started performing six-year TC contracts at $14,500 per day per convoy within Q2; expected annualized EBITDA of $10 million or $3.3 million per convoy (1) Three additional convoys: Barges have already been delivered in China and transported to South America, three new building push boats are expected to be delivered in Q Acquisition of 1,693 dwt, 2012 built, bunkering vessel $4.9 million estimated total acquisition cost including repositioning cost to Argentina Three year time charter at $16,525 net per day adjusted for crew cost and FX differences Estimated annualized EBITDA of $2.0 million (1) (1) EBITDA estimates assume expenses approximating current operating costs for similar vessels and 360 revenue days per year 10
11 Market Overview 11
12 Hidrovia: Agricultural Heartland of South America Runs over 4,500 kilometers across the agricultural heartland of South America Comparable in length to the Mississippi system South America Hidrovia Region Mississippi Region Number of barges: ~ 2,100 Number of barges: ~ 29,000 Source: Drewry Significant Capacity for Growth 12
13 Favorable Market Fundamentals of Hidrovia VENEZUELA COLOMBIA ECUADOR Navios Oil Products Terminal PERU CHILE BOLIVIA ARGENTINA GUYANA SURINAME PARAGUAY URUGUAY Coastal Cabotage Trade FRENCH GUIANA BRAZIL Hidrovia River System Navios Dry Port Terminal Growing exports of grain and mineral commodities - Region accounts for ~52% of global soybean production - Significant expansion in iron ore production - Significant exporter to emerging market economies, such as China Stable growth in oil demand - 69% of Argentina s refining capacity is located near the Hidrovia and in the River Plate - Paraguay does not produce any crude oil and relies on imports from larger refineries in Argentina Reliance on waterborne transportation - Shortage of highway or rail infrastructure alternatives - River system provides access to Atlantic Ocean and global export markets - River barges and coastal tankers are the most cost-efficient method of transportation Source: Drewry, USDA November
14 New Jumbo Barges: Even More Efficient Design One Jumbo Barge: 2,875 Tons One Mississippi Barge: 1,500 Tons Jumbo Hopper Car: 112 Tons Large Semi: 26 Tons ~2x ~26x ~111x One 16-Mississippi Barge Convoy = 24,000 dwt = ~2.1x 100-Car unit Train = ~920x Large Semis (Trucks) One 20-Mississippi Barge Convoy = 30,000 dwt ~2.7x 100-Car unit Train ~1,150x Large Semis (Trucks) = = One 12-Jumbo Barge Convoy = 34,500 dwt ~3.1x 100-Car unit Train ~1,330x Large Semis (Trucks) = = Source: IOWA Department of Transportation 14
15 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14P 14/15E Million Metric Tons Million Metric Tons Strategically Positioned to Serve the Soybean Production Hidrovia Region Soybean Production Uruguay Soybean Production % % 50% 45% Region % of World % 0.0 Soybean Production Region % of World Uruguay Soybean Production Hidrovia accounts for ~52% of world soybean production Uruguay is the fastest growing soybean producer in the region Note: Crop years for Soybean Production according to USDA definition, P = Preliminary, E = Estimate Source: Drewry, USDA November
16 and the Corumba Region Iron-Ore Production Million Metric Tons Corumba Iron Ore Production Source: Drewry 16
17 Fresh Water Availability vs. Population: Grain Exports = Virtual Water Trade Water requirement equivalent of main food products North & Central America Europe Asia Product Unit Equivalent water in m3 per unit 15% 8% South America 26% 6% 8% 13% Africa 11% 13% 36% % of Global Water Supply % of Global Population 60% Australia & Oceania 5% <1% Fresh beef kg 15 Fresh lamb kg 10 Fresh poultry kg 6 Cereals kg 1.5 Citrus fruits kg 1 Palm oil kg 2 Puls, roots and tubers kg 1 This table gives examples of water required per unit of major food products, including livestock, which consume the most water per unit. Cereals, oil crops, and pulses, roots and tubers consume far less water. Source: SIWI and IWMI, 2004 Global Virtual Water Imbalances Will Continue to be a Driver of Agricultural Trade Source: Web site of the UNESCO/IHP Regional Office of Latin America and the Caribbean 17
18 Q Earnings Highlights 18
19 Track Record of Strong EBITDA Growth Revenue ($ million) Adjusted EBITDA ($ million) % CAGR % CAGR % (1) M 2013 Sales of Product Time charter, voyage and port terminals revenue 9M M M 2014 $10 million (2) expected annualized EBITDA from three new convoys (started operation in Q2 2014) Further EBITDA expected from three additional convoys to be delivered and port terminal expansion (1) Adjusted EBITDA for the nine months ended September 30, 2014 has been adjusted to exclude $27.3 million loss on bond extinguishment (2) EBITDA estimates assume expenses approximating current operating costs; 360 revenue days per year per convoy 19
20 Navios Logistics Q3 & Nine Months 2014 Earnings Highlights (in $ 000) Three months ended September 30, 2014 Three months ended September 30, 2013 Y-O-Y Variance Nine months ended September 30, 2014 Nine months ended September 30, 2013 Y-O-Y Variance Revenue 79,136 49,819 59% 194, ,516 4% Navios Logistics Adjusted EBITDA 18,127 10,824 67% 53, ,530 26% Net income/(loss) 3,072 (956) n/a (18,540) 9,401 n/a Adjusted net income/(loss) 3,072 (956) n/a 8, ,401 (7%) Port Terminals Revenue 32,451 12, % 66,574 71,734 (7%) Adjusted EBITDA 8,773 8,270 6% 22,566 22,527 - Barge Business Revenue 29,312 22,886 28% 80,290 71,955 12% Adjusted EBITDA 5,674 1, % 14, ,655 67% Cabotage Business Revenue 17,373 14,617 19% 47,838 42,827 12% Adjusted EBITDA 3,680 1, % 16, ,348 45% 1. Adjusted EBITDA and Adjusted Net Income for the nine months ended September 30, 2014 have been adjusted to exclude $27.3 million loss on bond extinguishment 20
21 Navios Logistics Balance Sheet Selected Balance Sheet Data (in $'000) September 30, 2014 December 31, 2013 Cash & cash equivalents 101,956 86,569 Accounts Receivable 23,841 21,503 Vessels port terminal and other fixed assets, net 462, ,879 Total Assets 805, ,060 Senior notes 375, ,156 Current portion of long term debt Long term debt, net of current portion Current portion of capital lease obligations 1,436 1,400 Capital lease obligations, net of current portion 21,282 22,359 Stockholders Equity 311, ,479 Book Capitalization 710, ,922 Net Debt / Book Capitalization 42% 36% 21
22
Navios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation April 2013 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of
More informationNavios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation August 2013 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of
More informationNavios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation May 2018 Forward Looking Statements and Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities
More informationNavios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation August 2018 Forward Looking Statements and Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities
More informationNavios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation February 2018 Forward Looking Statements and Disclaimer This presentation contains forward-looking statements within the meaning of the Private
More informationNavios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation August 2017 Forward Looking Statements and Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities
More informationSEACOR SMIT ANNOUNCES FOURTH QUARTER RESULTS
February 26, 2004 SEACOR SMIT ANNOUNCES FOURTH QUARTER RESULTS HOUSTON--(BUSINESS WIRE)--Feb. 26, 2004--SEACOR SMIT Inc. (NYSE:CKH) announced a net loss for the fourth quarter ended December 31, 2003 of
More informationNavios Maritime Holdings Inc. Jefferies Shipping Conference September 15, 2005
Navios Maritime Holdings Inc. Jefferies Shipping Conference September 15, 2005 Safe Harbor Statement This presentation may contain forward-looking statements within the meaning of the Private Securities
More informationThe Shipping Industry
The Shipping Industry G.Skrimizeas Athens University of Economics and Business Page 1 The Shipping Industry Represents 90% of world trade Reflects world economy In 2016, about 10.000 millιon tonnes of
More informationSUPPORTING GROWTH ON THE PAR AGUAY-PAR ANÁ WATERWAY
SUPPORTING GROWTH ON THE PAR AGUAY-PAR ANÁ WATERWAY CONTENTS TRAFIGURA AT A GLANCE 4 FLUVIAL LOGISTICS FOR RELIABLE SUPPLY 6 A MODERN FLEET OF BARGES TO SUPPORT GROWTH 8 LEVERAGING SYNERGIES IN LATIN AMERICA
More informationBusiness Performance in FY2009 and Outlook for FY2010. Mitsui O.S.K. Lines, Ltd. April 2010
Business Performance in FY2009 and Outlook for FY2010 Mitsui O.S.K. Lines, Ltd. April 2010 HP Contents FY2009 Results [Consolidated] 2 Key Points of FY2009 Full-year Results [Consolidated] 4 Results Comparison
More informationWhat Responsible Shipowners are doing today
What Responsible Shipowners are doing today 9 th June 2016 One of the Largest US-listed Fleets Navios Maritime Holdings Inc. (NYSE: NM) Navios Maritime Partners L.P. (NYSE: NMM) Navios Group (1) controls
More informationPooling: Bringing Vital Consolidation to Shipping
Pooling: Bringing Vital Consolidation to Shipping Marine Money, Shanghai, China 19 November 2015 www.navig8group.com GROUP OVERVIEW AN INTEGRATED GROUP OFFERING MARKET-LEADING COMMERCIAL MANAGEMENT AND
More informationQ2 & 6 Months 2006 Results Presentation August 10, 2006
Q2 & 6 Months 2006 Results Presentation August 10, 2006 Forward Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking
More informationBusiness Performance in FY2012-2nd Quarter. Mitsui O.S.K. Lines, Ltd. October 2012
Business Performance in -2nd Quarter Mitsui O.S.K. Lines, Ltd. October 2012 HP Contents 2nd Quarter s [Consolidated] 2 Outlines of 2nd Quarter s [Consolidated] 4 Forecast [Consolidated] 6 Key Points of
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) Credit Suisse MLP and Energy Logistics Conference June 24, 2015 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics LP, PBF
More informationMay 2008 COMPANY OVERVIEW & UPDATE
May 2008 COMPANY OVERVIEW & UPDATE Important Notice Forward-looking statements and figures in this presentation are based on Hyundai Merchant Marine s current expectations and no assurances can be made
More informationPooling: Bringing vital consolidation to shipping
Pooling: Bringing vital consolidation to shipping Marine Money, Busan Korea 28 October 2015 www.navig8group.com Why 8 and what does that mean? 2 Why 8 and what does 8 mean? FR8 (Freight) 3 Why 8 and what
More informationCastleton Commodities International. The Institute of Chartered Shipbrokers Dry Bulk & Commodities Conference Vancouver
The Institute of Chartered Shipbrokers Dry Bulk & Commodities Conference Vancouver 20 November 2014 Introduction to Castleton Commodities International CCI is an established global commodities merchant
More informationPRESS RELEASE. GE Shipping H1FY12 consolidated Net Profit at Rs cr GE Shipping H1FY12 standalone Net Profit at Rs cr
PRESS RELEASE GE Shipping H1FY12 consolidated Net Profit at Rs.189.9 cr GE Shipping H1FY12 standalone Net Profit at Rs.104.46 cr The Board of Directors of The Great Eastern Shipping Company Ltd. (G E Shipping)
More informationPresentation to Investors
Presentation to Investors September 2015 Rand Logistics, Inc. NASDAQ: RLOG Forward-Looking Statements This presentation contains forward-looking statements. For all forward-looking statements, we claim
More informationACCESS MULTI-MODAL LOGISTICS IMPALA IN COLOMBIA
ACCESS MULTI-MODAL LOGISTICS IMPALA IN COLOMBIA UNLOCKING THE POTENTIAL OF COLOMBIA S WATERWAYS Impala is helping to connect Colombia s industry to global markets via innovative logistics that bring value,
More information2015 RBC MLP CONFERENCE
2015 RBC MLP CONFERENCE November 2015 FORWARD LOOKING STATEMENTS The following information contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking statements
More informationEnergy Aerospace & Defense Industrial. First Quarter Investor Review
Energy Aerospace & Defense Industrial First Quarter 2018 Investor Review Presented May 2, 2018 1 Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27 A of
More informationManagement Consulting Engineering
Management Consulting Engineering Growth Opportunities for General Cargo and Shallow-Draft Ports Presented by Guillaume Lucci, P.E. Principal Vice President & General Manager Ports and Maritime Services
More informationPBF Energy (NYSE: PBF) & PBF Logistics (NYSE: PBFX)
PBF Energy (NYSE: PBF) & PBF Logistics (NYSE: PBFX) Wells Fargo Energy Symposium December 2014 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. and PBF
More informationTEEKAY LNG PARTNERS Q EARNINGS AND BUSINESS OUTLOOK PRESENTATION February 18, 2016
TEEKAY LNG PARTNERS Q4-2015 EARNINGS AND BUSINESS OUTLOOK PRESENTATION February 18, 2016 Forward Looking Statement This presentation contains forward-looking statements (as defined in Section 21E of the
More informationHANDYSIZE & HANDYMAX MARKETS 2008 CONFERENCE
May 2008 HANDYSIZE & HANDYMAX MARKETS 2008 CONFERENCE Key Strengths and Concerns of the Handyclass Strong freight rates should continue in 2008, but a multi-year downturn is expected to begin in 2009 TC
More informationInvestor Presentation February 2018 Slide 1. Investor Presentation February 2018
Investor Presentation February 2018 Slide 1 Investor Presentation February 2018 Forward Looking Statements Statements made during this presentation that set forth expectations, predictions, projections
More information2008 INTERIM RESULTS PRESENTATION
2008 INTERIM RESULTS PRESENTATION AGENDA Financial highlights 2008 Interim results Shipping Trading Freight Services Financial Services Conclusion 2 FINANCIAL HIGHLIGHTS 3 FINANCIAL HIGHLIGHTS Financial
More information2018 Q1 Investor Relations Presentation
2018 Q1 Investor Relations Presentation Forward Looking Statements This presentation contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events
More informationEBITDA IN THE THIRD QUARTER DECREASED BY 8.6% Financial Results Q November 2018
EBITDA IN THE THIRD QUARTER DECREASED BY 8.6% Financial Results Q3 2018 21 November 2018 KEY HIGHLIGHTS FOR Q3 2018 Highest quarter in terms of revenue since 2009 Q3 affected by Norway results and trade
More information3 rd Quarter 2013 Results November 22th, 2013
3 rd Quarter 2013 Results November 22th, 2013 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such
More informationACCESS CAPACITY IMPALA TERMINALS BURNSIDE
ACCESS CAPACITY IMPALA TERMINALS BURNSIDE OUR GLOBAL NETWORK OF TERMINALS NORTH AMERICA USA Burnside LATIN AMERICA Bolivia Oruro Brazil Porto Sudeste Chile Copiapó Colombia Barrancabermeja Barranquilla
More informationVeriFone Files Restated Reports
VeriFone Files Restated Reports SAN JOSE, Calif. -- August 19, 2008 --VeriFone Holdings Inc. (NYSE: PAY) today filed its amended and restated quarterly report on Form 10-Q/A for the fiscal quarters ended
More informationREVENUE GROWTH 29.7% AND EBITDA EUR 9.3M IN Q1 2017
REVENUE GROWTH 29.7% AND EBITDA EUR 9.3M IN Q1 2017 Q1 2017-24 May 2017 11.5% organic revenue growth and 18.2% from new acquisitions Adjusted EBITDA EUR 11.6 million, up 20.5% from previous year 2 HIGHLIGHTS
More informationThe Great Eastern Shipping Co. Ltd. Business & Financial Review April 2010
The Great Eastern Shipping Co. Ltd. Business & Financial Review April 2010 1 Forward Looking Statements Except for historical information, the statements made in this presentation constitute forward looking
More informationLNG market update. Surge in LNG supply creates opportunities to open new markets
LNG market update Surge in LNG supply creates opportunities to open new markets Royal Vopak Analyst Day 2017 Ton Floors, Global LNG Director 12 December 2017 Forward-looking statement This presentation
More informationU-Ming Marine Transportation Corp. President C.K. Ong. A member of Far Eastern Group TSEC code: Mar.
U-Ming Marine Transportation Corp. President C.K. Ong A member of Far Eastern Group TSEC code: 266 213 Mar. 1 This presentation may contain statements that express management's expectations about future
More informationHöegh LNG - the FSRU provider. Company presentation. March 2018
Höegh LNG - the FSRU provider Company presentation March 2018 1 Forward looking statements This presentation contains forward-looking statements which reflects management s current expectations, estimates
More informationCanpotex Growing Relationships
August 2013 Canpotex Growing Relationships www.canpotex.com Company Mission A premier marketing and logistics company that exports Saskatchewan potash to markets outside Canada and the United States Canpotex
More informationPresentation to GTB Shareholders February en.hnagroup.com
Presentation to GTB Shareholders February 2010 Executive Summary Who we are HNA Group is a diversified services company with over US$ 20 billion in assets and $6 bn in annual revenues Existing platform
More informationWaterways 1 Water Transportation History
Waterways 1 Water Transportation History Water Transportation Propulsion History Human (oars, poles) - - 7,000-10,000 BC Wind (sails) - - 3,000 BC Steamboat invented - - 1787 AD First diesel-powered ship
More information2013 Annual Results 中国远洋控股股份有限公司. 28 March China COSCO Holdings Company Limited
2013 Annual Results 28 March 2014 中国远洋控股股份有限公司 China COSCO Holdings Company Limited Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results
More informationTanker Market and IMO 2020 Sulfur Emissions. ASBA Cargo Conference September 2018
Tanker Market and IMO 2020 Sulfur Emissions ASBA Cargo Conference September 2018 Navig8 Group Overview Jason Klopfer 170+ vessels under management 6 tanker, 5 chemical, 2 OSV pools World s largest independently
More informationHANDYSIZE & HANDYMAX MARKETS 2007 CONFERENCE
29 May 2007 HANDYSIZE & HANDYMAX MARKETS 2007 CONFERENCE An Owner s Perspectives AGENDA Background of Thoresen Thai Agencies Public Company Limited An Owner s Perspectives Slide 2 TTA acts as the holding
More information17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
More informationPort planning in Latin America and the evolution of container traffic with Asia-Pacific
1 Edition No. 277, Issue 9/2009 Port planning in Latin America and the evolution of container traffic with Asia-Pacific This edition of the FAL Bulletin addresses port planning in Latin America and delivers
More informationHOW IMPORTANT IS THE EXPANSION OF THE PANAMA CANAL TO THE PORT OF NEW ORLEANS
HOW IMPORTANT IS THE EXPANSION OF THE PANAMA CANAL TO THE PORT OF NEW ORLEANS Bruce Lambert Executive Director, ITTS WARNING PANAMA CANAL EXPANSION Is it needed? Does Louisiana Benefit from the Canal now?
More informationTIL LOGISTICS GROUP LIMITED
1 TIL LOGISTICS GROUP LIMITED WOODWARD PARTNERS NZX SPOTLIGHT INVESTOR DAY JIM RAMSAY: TIL MANAGING DIRECTOR ABOUT TIL LOGISTICS GROUP One of New Zealand s largest domestic freight and logistics platforms
More informationExpectations for Port Customers and Clients. Dan Sheehy -NYK Line AAPA Meeting October 23, 2008
Expectations for Port Customers and Clients Dan Sheehy -NYK Line AAPA Meeting October 23, 2008 Areas for Review 1. Overview of NYK Line 2. Liner Trade Business 3. Demand versus Supply Outlook 4. Bunker
More informationPRESS RELEASE Q3 FY'12 9M FY'12 Q3 FY'11 Q3 FY'12 Q3 FY'11. (Amount in Rs. crs)
PRESS RELEASE GE Shipping Q3FY12 consolidated Net Profit at Rs. 87.46 cr GE Shipping 9M FY12 consolidated Net Profit at Rs. 277.36 cr Declares Interim Dividend of Rs. 3.00 per share The Board of Directors
More informationAUDITED RESULTS AND DIVIDEND ANNOUNCEMENT. for the year ended 31 December 2014
AUDITED RESULTS AND DIVIDEND ANNOUNCEMENT for the year ended 31 December 2014 HIGHLIGHTS FINANCIAL HIGHLIGHTS Revenue increased 2% to R32 717 million (2013: R32 135 million) Total assets 14% to R37.3 billion
More informationSAMUDERA SHIPPING LINE LTD
SAMUDERA SHIPPING LINE LTD Investors and Analysts Briefing August 29, 2003 Review of 2 nd Quarter results - FY 2003 AGENDA Financial Performance Performance Review Plans & Updates Questions & Answers FINANCIAL
More informationAMER BADAWI Vice President Columbia Grain, Inc.
AMER BADAWI Vice President Columbia Grain, Inc. World Freight Markets By: Amer Badawi Vice President Topics Drybulk Fleet Profile General Trends World Grain World Output World Output - 47% increase y-o-y
More informationOur pursuit of continuous improvement
Western Australia Iron Ore Our pursuit of continuous improvement Mike Henry President HSE, Marketing and Technology 27 October 2014 Disclaimer Forward-looking statements This presentation contains forward-looking
More informationAnnual Results China COSCO Holdings Company Limited. 11 April 2006
Annual Results 2005 China COSCO Holdings Company Limited 11 April 2006 Agenda Highlights Financial Review Operational Review Group Outlook 2 Highlights RMB million 2005 2004 (Restated) Change (%) Turnover
More informationTESORO CREATES FULL-SERVICE LOGISTICS COMPANY TLLP ACQUIRES QEP FIELD SERVICES ASSETS
TESORO CREATES FULL-SERVICE LOGISTICS COMPANY TLLP ACQUIRES QEP FIELD SERVICES ASSETS October 20, 2014 FORWARD LOOKING STATEMENTS This Presentation includes forward-looking statements. These statements
More informationKencana Agri Limited. 1Q 2011 Performance Review
Kencana Agri Limited 1Q 2011 Performance Review 1 Disclaimer This document has not been independently verified and has been prepared for informational purposes only. No representation or warranty express
More informationGRINDROD LIMITED ADDITIONAL INFORMATION FOR ANALYSTS for the year ended 31 December 2016
www.grindrod.com GRINDROD LIMITED ADDITIONAL INFORMATION FOR ANALYSTS for the year ended 31 December 2016 MANAGEMENT SEGMENTAL BALANCE SHEETS AS AT 31 DECEMBER 2016 R000 FREIGHT SERVICES SHIPPING FINANCIAL
More informationLNG AS A TRANSPORT FUEL IN ACTION
LNG AS A TRANSPORT FUEL IN ACTION Thomas Chhoa Global General Manager LNG for Transport DEFINITIONS AND CAUTIONARY NOTE Reserves: Our use of the term reserves in this presentation means SEC proved oil
More informationFor personal use only
Nigerian Subsidiary Nigerian Subsidiary ASX ANNOUNCEMENT AND MEDIA RELEASE 22 January 2014 KOGI FURTHER OPTIMISES BARGING STUDY Highlights Optimisation of barging study reduces operating and capital cost
More informationAgribusiness & Risk Management Overview BRIAN THOMSEN, MANAGING DIRECTOR, BUNGE GLOBAL AGRIBUSINESS AND CEO, BUNGE PRODUCT LINES
Agribusiness & Risk Management Overview BRIAN THOMSEN, MANAGING DIRECTOR, BUNGE GLOBAL AGRIBUSINESS AND CEO, BUNGE PRODUCT LINES 1 2014 INVESTOR DAY Forward-looking statements Today s presentation includes
More informationGRINDROD LIMITED ADDITIONAL INFORMATION FOR ANALYSTS for the six months ended 30 June 2017
www.grindrod.com GRINDROD LIMITED ADDITIONAL INFORMATION FOR ANALYSTS for the six months ended 30 June 2017 MANAGEMENT SEGMENTAL BALANCE SHEETS AS AT 30 JUNE 2017 R000 FREIGHT SERVICES SHIPPING FINANCIAL
More informationDelek US Holdings, Inc. Howard Weil Energy Conference March 2014
Delek US Holdings, Inc. Howard Weil Energy Conference March 2014 Safe Harbor Provision Delek US Holdings and Delek Logistics Partners, LP are traded on the New York Stock Exchange in the United States
More informationFor personal use only
The largest non state-owned and second largest coal producer in Chongqing, China by coal reserves Blackgold International Holdings Limited ASX: BGG www.blackgoldglobal.net Mines and Money Hong Kong Presentation
More informationSEABORNE TRADE AND DISTRIBUTION OF CEMENT AND CLINKER. Ad Ligthart Cement Distribution Consultants
SEABORNE TRADE AND DISTRIBUTION OF CEMENT AND CLINKER Ad Ligthart Cement Distribution Consultants 03-02-2014 CONTENTS OF PRESENTATION Global overview of cement and clinker shipping Trade flows Shipments
More informationCement trade, transportation and terminals. Looking back Looking forward. Ad Ligthart
Cement trade, transportation and terminals Looking forward Ad Ligthart INTERCEM ASIA, BEIJING 2003 Contents of presentation Seaborne trade, transportation and terminals before INTERCEM Seaborne trade,
More informationMIC Overview of the MIC Hawaii Segment
MIC Overview of the MIC Hawaii Segment December 2017 1 1. The contents of this presentation reflect financial and operating information through the period ended September 30, 2017, as reported on the Company
More informationProgress Report on Iino Lines Medium-Term Business Plan Iino s Evolutionary Growth Plan to 2014 (IEG14) Growth and Evolution
January 31, 2012 Company Name: Iino Kaiun Kaisha, Ltd. (Iino Lines) Stock Code: 9119 Representative: Tomoyuki Sekine, President Contact: Hiromi Tosha, Group Manager, Planning & General Affairs Group Telephone:
More informationIron Ore Shipping Market in 2011
Iron Ore Shipping Market in 2011 China Iron Ore Conference Beijing 24 th March Whilst care and attention has been taken to ensure that the information contained is accurate, it is supplied without guarantee.
More informationMarch Company Description
March 2013 Company Description Jones Lang LaSalle Global real estate services Strategic, fully integrated services for real estate owners, occupiers and investors Productivity and cost solutions for corporate
More informationAcquisition of Performance Fibers
Acquisition of Performance Fibers 8 December 2014 Indorama Ventures has reached a definitive agreement to acquire one of the world s premier automotive fibers businesses, Performance Fibers Asia, including
More informationRESULTS Presentation 3Q2017. November 9 th, 2017
RESULTS Presentation 3Q2017 November 9 th, 2017 DISCLAIMER This presentation provides general information about Sociedad Matriz SAAM S.A. ( SMSAAM ) and related companies. It consists of summarized information
More informationExtreme Networks FQ1 19 Financial Results
Extreme Networks FQ1 19 Financial Results November 2, 2018 Cautionary Statement on Financial Measures Non-GAAP Measures: In preparing the accompanying information, the Company has excluded, where applicable,
More informationGeneral Employment Announces Results for Fiscal 2015 Fourth Quarter and Year End
December 30, 2015 General Employment Announces Results for Fiscal 2015 Fourth Quarter and Year End Company Provides Combined Select Pro Forma Financial Information NAPERVILLE, IL -- (Marketwired) -- 12/30/15
More informationInvestor Presentation. November 2018
Investor Presentation November 2018 1 Investor Presentation November 2018 Forward-Looking Statements Statements made during this presentation that set forth expectations, predictions, projections or are
More informationPRESS RELEASE. GE Shipping Q1FY13 consolidated Net Profit at Rs crs
PRESS RELEASE GE Shipping Q1FY13 consolidated Net Profit at Rs.180.99 crs The Board of Directors of The Great Eastern Shipping Company Ltd. (G E Shipping) today approved the Unaudited Financial Results
More informationThe Great Eastern Shipping Co. Ltd. Business & Financial Review August 2015
The Great Eastern Shipping Co. Ltd. Business & Financial Review August 2015 1 Forward Looking Statements Except for historical information, the statements made in this presentation constitute forward looking
More informationPartnering)With)The)Rail)Industry)
!! Partnering)With)The)Rail)Industry) Supplied(by(CN( Terry Doherty Director Crude Oil Strategy and Commercial Development Canadian Crude Marketing Congress Calgary, AB October 28-29, 2015 Risks and Forward-Looking
More informationTÍTULO DA APRESENTAÇÃO. Institutional Presentation. Log-In Logística Intermodal S.A. December 2018
TÍTULO DA Institutional Presentation APRESENTAÇÃO Log-In Logística Intermodal S.A. December 2018 SUMMARY HISTORICAL BACKGROUND (CHART 3) SHIPPING EFFICIENCY AND VOCATION OF BRAZIL (CHART 5) OPERATIONS:
More informationTÍTULO DA APRESENTAÇÃO. Institutional Presentation. Log-In Logística Intermodal S.A. December 2018
TÍTULO DA Institutional Presentation APRESENTAÇÃO Log-In Logística Intermodal S.A. December 2018 SUMMARY HISTORICAL BACKGROUND (CHART 3) SHIPPING EFFICIENCY AND VOCATION OF BRAZIL (CHART 5) OPERATIONS:
More informationExtreme Networks FQ2 18 Financial Results
Extreme Networks FQ2 18 Financial Results February 6, 2018 Cautionary Statement on Financial Measures Non-GAAP Measures: In preparing the accompanying information, the Company has excluded, where applicable,
More informationPresentation2. Agenda. Page. Argus Americas LPG Summit - Miami February 5th, Ted Young, CFO
Presentation2 Agenda Page Argus Americas LPG Summit - Miami February 5th, 2015 Ted Young, CFO [CLIENT NAME] Disclaimer Forward-Looking Statements This Presentation contains certain forward-looking statements
More informationTIL LOGISTICS GROUP LIMITED FY18 RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2018
1 TIL LOGISTICS GROUP LIMITED FY18 RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2018 ABOUT TIL LOGISTICS GROUP One of New Zealand s largest domestic freight and logistics platforms Nationwide network
More informationCOMPANY PROFILE. seypec.com
COMPANY PROFILE seypec.com Our Company The Seychelles Petroleum Company Limited (SEYPEC) was created by the Government of Seychelles on the 02nd of April 1985. At the time, the Government recognized the
More informationShipping Trends Clarkson Research, October Martin Stopford
Shipping Trends Clarkson Research, October 2012 50 45 40 Shipping Cycle 1965-2012 2008 (Clarksea Index is a weighted average of earnings by $50,000/day tankers, bulkers, containerships & gas.) 2004 $39,000/day
More informationPBF Energy. State College, PA. North East Association of Rail Shippers Fall Conference. October 1, 2014
PBF Energy North East Association of Rail Shippers Fall Conference State College, PA October 1, 2014 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc.
More informationHYUNDAI GLOVIS Q Business Result
Investor Relations 2011 Your Value Chain Partner HYUNDAI GLOVIS 2011 3Q Business Result (1) GLOVIS 3 (2) 3Q Result 8 (3) Business 13 (4) Appendix 20 Disclaimer Statement This Presentation has been prepared
More informationPresented to: Wyoming Infrastructure Authority Cheyenne June 11, Coal Shipping 101
Presented to: Wyoming Infrastructure Authority Cheyenne June 11, 2015 Coal Shipping 101 Planning to Cover. 1) Overview 2) Vessel Sizes 3) Baltic Dry Index 3) Fleet Capacity 4) Medium Term Outlook 5) Glossary
More informationINLAND WATERWAYS TRANSPORTATION: Our Competitive Advantage. Delbert R Wilkins Canal Barge Company Big River Moves Leadership Forum April 15, 2013
INLAND WATERWAYS TRANSPORTATION: Our Competitive Advantage Delbert R Wilkins Canal Barge Company Big River Moves Leadership Forum April 15, 2013 INLAND WATERWAYS TRANSPORTATION: Our Competitive Advantage
More informationBusiness Performance in FY nd Quarter. Mitsui O.S.K. Lines, Ltd. October 31, 2018
Business Performance in FY2018-2 nd Quarter Mitsui O.S.K. Lines, Ltd. October 31, 2018 1 Contents 1. FY2018 2 nd Quarter Results [Consolidated] P3-4 2. Outline of FY2018 2 nd Quarter Results [Consolidated]
More informationRahul Sengupta Avinash Nagaraja Kyle Samani Neha Gaddam
Rahul Sengupta Avinash Nagaraja Kyle Samani Neha Gaddam Agenda Thesis Industry Overview Our Company Macroeconomic Catalysts Valuation Summary Q&A Thesis Diverse portfolio of modern tankers Stable future
More informationCommerceHub Investor Presentation
CommerceHub Investor Presentation Winter 2017-2018 1 FORWARD-LOOKING INFORMATION This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act
More informationQuadra Commodities. Anthony Diamante Director and Chartering Manager
Quadra Commodities Anthony Diamante Director and Chartering Manager Trends in the Dry Bulk Ocean freight market and freight market outlook IAOM Capetown December 2014 1 2014 in review weaker than expected
More informationHAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION
HAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION UniCredit German Investment Conference Munich, 28 September 2011 Hamburger Hafen und Logistik AG DISCLAIMER The facts and information contained herein
More informationWWH Capital Markets Day 17 September 2015
WWH Capital Markets Day 17 September 2015 Dag Schjerven, President & CEO WMS portfolio strategy Neal De Roche, Regional VP Asia Pacific WSS Wilhelmsen Ships Service and the Asia Pacific Region The world
More informationC&N ETHANOL. Houston 2925 Richmond Ave., 11th Floor Houston, TX Omaha California St, Suite 310 Omaha, NE
Omaha 13625 California St, Suite 310 Omaha, NE 68154 402-800-1094 Minneapolis 100 South Fifth Street, Suite 1900 Minneapolis, MN 55402 612-605-6190 Houston 2925 Richmond Ave., 11th Floor Houston, TX 77098
More informationOppenheimer Industrial Growth Conference. May 8, 2018
Oppenheimer Industrial Growth Conference May 8, 2018 1 Oppenheimer Industrial Growth Conference May 8, 2018 Forward-Looking Statements Statements made during this presentation that set forth expectations,
More informationGlobal Biomass Trade 28/07/2015. Current Biomass Exports Little Biomass; few trade routes. World Demand for Biomass
BANZ Webinar Oct 4, 2013 Douglas Bradley President, Climate Change Solutions 402 Third Avenue Ottawa, Ontario Canada K1S 2K7 phone 613.321 2303 email douglas.bradley@rogers.com web site www.climatechangesolutions.net
More information