Conference Call and Webcast
4Q13 Earnings
April, 1st, 2014
2
Disclaimer
This presentation contains statements that may constitute “forward-looking statements”, based on
current opin...
3
68%
20%
5%
2% 4%
Port Terminals
Towage
Shipyard
Logistics
Corporate
93.5
27.3
7.0
3.3
Highlights so far
4Q13 Highlights
...
4
2013 2012 ∆ 2013 2012 ∆ 2013 2012 ∆
Higher import and cabotage volumes
Increase in warehousing activities
Project cargo ...
5
What should we expect in 2014?
Logistics: Closure of some dedicated logistics operations
Container Terminals: Commercial...
6
BM&FBovespa: WSON33
IR Website: www.wilsonsons.com.br/ir
Facebook: Wilson, Sons
Twitter: @WilsonSonsIR
Youtube: WilsonSo...
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Conference Call Presentation 4Q13

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Wilson, Sons, Brazil, Brazilian ports, oil, gas, Institutional, Presentation, ports, tugboats, offshore, shipyard, shipping, agency, logistics, international logistic companies brazil, sao:wson33

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Conference Call Presentation 4Q13

  1. 1. Conference Call and Webcast 4Q13 Earnings April, 1st, 2014
  2. 2. 2 Disclaimer This presentation contains statements that may constitute “forward-looking statements”, based on current opinions, expectations and projections about future events. Such statements are also based on assumptions and analysis made by Wilson, Sons and are subject to market conditions which are beyond the Company’s control. Important factors which may lead to significant differences between real results and these forward- looking statements are: national and international economic conditions; technology; financial market conditions; uncertainties regarding results in the Company’s future operations, its plans, objectives, expectations, intentions; and other factors described in the section entitled "Risk Factors“, available in the Company’s Prospectus, filed with the Brazilian Securities and Exchange Commission (CVM). The Company’s operating and financial results, as presented on the following slides, were prepared in conformity with International Financial Reporting Standards (IFRS), except as otherwise expressly indicated. An independent auditors’ review report is an integral part of the Company’s condensed consolidated financial statements.
  3. 3. 3 68% 20% 5% 2% 4% Port Terminals Towage Shipyard Logistics Corporate 93.5 27.3 7.0 3.3 Highlights so far 4Q13 Highlights 2013 Net Revenues (USD million) Vigorous growth in Container Terminals volumes; Strong volumes and ships with greater deadweight in Towage; Intensification of shipbuilding activities; and CAPEX 2013 by business (USD million) Consolidated Results (USD million) Total 5.8 136.9 3 new PSVs in operation in the Offshore segment 4Q13 4Q12 Chg. (%) 2013 2012 Chg. (%) Net Revenues 184.6 164.9 12.0 660.1 610.4 8.2 EBITDA 52.5 40.9 28.4 182.8 146.3 24.9 Net Income 11.8 29.9 -60.6 44.0 51.2 -14.0 EBITDA Margin 28% 25% 3.6 p.p. 28% 24% 3.7 p.p. Net Margin 6% 18% -11.8 p.p. 7% 8% -1.7 p.p. 241.9 221.1 100.3 96.8 37% 70% 85% 100% -50% 0% 50% 100% 150% 0,0 50,0 100,0 150,0 200,0 250,0 300,0 Port Terminals Towage & Ship Agency Shipyard Logistics 21%
  4. 4. 4 2013 2012 ∆ 2013 2012 ∆ 2013 2012 ∆ Higher import and cabotage volumes Increase in warehousing activities Project cargo storage at Tecon Salvador 199.2 189.5 75.5 75.4 Higher # of vessel turnarounds Increase in environmental services Better prices Increase in spot services 42.7 37.9 10.7 9.3 Phase out of dedicated operations Phase out of dedicated operations Lower demobilization costs in 2013 96.8 117.1 18.2 17.4 Increase in # of harbour manoeuvres Heavier avg. deadweights Better pricing Higher demand for special operations 196.6 179.1 74.6 62.4 Higher third party construction Higher third party construction 100.3 62.2 21.8 15.1 Larger fleet of owned PSVs New vessels with higher daily rates 54.4 47.0 23.1 16.0 2.4 0.7 Business Operational Highlights Financial Highlights Net Revenues EBITDA Offshore Net Income Highlights by Business Solid growth in overall volumes boosts results * Corresponds to Wilson Sons’ 50% participation in the JV. Net Revenues and EBITDA are not considered in Wilson Sons’ consolidated results * * * *
  5. 5. 5 What should we expect in 2014? Logistics: Closure of some dedicated logistics operations Container Terminals: Commercial focus in Tecon SSA and RG Towage: Delivery of 5 new azimuth tugboats with 70 tons of bollard pull Offshore Vessels: Average daily rate growth for the PSV fleet Brasco: Evolution of the civil works to expand the Brasco-Cajú (Briclog) pier Shipyard: Intensification of construction of offshore vessels for third parties Overall: Reduced CAPEX, increasing free cash flow and Dividends
  6. 6. 6 BM&FBovespa: WSON33 IR Website: www.wilsonsons.com.br/ir Facebook: Wilson, Sons Twitter: @WilsonSonsIR Youtube: WilsonSonsIR Thank You
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