Conference Call and Webcast
2Q13 Earnings
August, 16th, 2013
2
Disclaimer
This presentation contains statements that may constitute “forward-looking statements”, based on
current opin...
3
24.4
6.5
1.6
5.1
Highlights so far
2Q13 Highlights
1H13 Net Revenues
(USD million)
Intensified third party construction ...
4
1H13 1H12 ∆ 1H13 1H12 ∆ 1H13 1H12 ∆
Lower Export volumes
Fall in Transhipment in Tecon RG
Better mix of full-to-empty
In...
5
Briclog Acquisition
Strategic asset to attend Campos and Santos basins
6
Shipyard New Contract
Signing of contract to construct 3 OSVs with Geonavegação
Oil Spill Recovery Vessel (“OSRV”) for G...
7
What should we expect?
Tecon Salvador: Attracting new weekly lines
Briclog: Beginning of expansion works
Offshore Vessel...
8
BM&FBovespa: WSON11
Website de RI: www.wilsonsons.com.br/ri
Twitter: @WilsonSonsIR
Youtube: WilsonSonsIR
Thank You
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Conference Call Presentation 2Q13

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Transcript of "Conference Call Presentation 2Q13"

  1. 1. Conference Call and Webcast 2Q13 Earnings August, 16th, 2013
  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 24.4 6.5 1.6 5.1 Highlights so far 2Q13 Highlights 1H13 Net Revenues (USD million) Intensified third party construction in Shipyard Discontinuation of Dedicated Logistics Operations Increasing volumes at Tecon Salvador CAPEX 1H13 by business (USD million) Consolidated Results (USD million) Total 3.3 41.1 52% 20% 2% 16% 10% Port Terminals Towage Logistics Shipyard Corporate BRL depreciation has negatively impacted Net Income 59% 16% 2% 13% 8% Port Terminals Towage Logistics Shipyard Corporate 2Q13 2Q12 Chg. (%) 1H13 1H12 Chg. (%) Net Revenues 157.2 147.0 7.0 306.4 297.1 3.1 EBITDA 42.8 31.3 36.6 80.7 59.9 34.6 Net Income -7.0 -3.9 n.a. 12.5 3.4 274.2 EBITDA Margin 27% 21% 5.9 p.p. 26% 20% 6.2 p.p. Net Margin n.a. n.a. n.a. 4% 1% 3.0 p.p. 112 90 50 42 12 37% 66% 82% 96% 100% -50% 0% 50% 100% 150% 00 20 40 60 80 100 120 Port Terminals Towage Shipyard Logistics Shipping Agency
  4. 4. 4 1H13 1H12 ∆ 1H13 1H12 ∆ 1H13 1H12 ∆ Lower Export volumes Fall in Transhipment in Tecon RG Better mix of full-to-empty Increased warehousing services 93.2 92.0 32.7 32.4 Reduced # of vessel turnarounds Reduced operations of major client 19.1 21.1 4.6 5.5 Phase out of dedicated operations Phase out of dedicated operations 49.7 63.5 7.2 10.8 Lower # of Harbour Manoeuvres Heavier Avg. Deadweights; Better Pricing 90.3 82.5 28.6 24.0 Higher third party construction Higher third party construction 42.4 27.1 12.3 7.8 Lower # of Vessel Calls Improved average pricing; Lower personnel costs 11.8 11.3 1.7 0.7 Larger fleet of owned PSVs More Days in Operation 24.8 21.4 9.5 6.5 0.0 0.3 Business Operational Highlights Financial Highlights Net Revenues EBITDA Offshore Vessels JV Highlights by Business Consistent O&G demand growth and Tecon Salvador expansion * Corresponds to Wilson Sons’ 50% participation in the JV. Net Revenues and EBITDA are not considered in Wilson Sons’ consolidated results * * * *
  5. 5. 5 Briclog Acquisition Strategic asset to attend Campos and Santos basins
  6. 6. 6 Shipyard New Contract Signing of contract to construct 3 OSVs with Geonavegação Oil Spill Recovery Vessel (“OSRV”) for GeonavegaçãoPlatform Supply Vessel (“PSV”) for Geonavegação Vessel Name WSUT - Prion (PSV 4500) WSUT - Alcatraz (PSV 4500) WSUT - Zarapito (PSV 4500) Fugro - Aquarius (ROVSV) Geonavegação - WS155 (PSV 5000) Geonavegação - WS156 (ORSV) Geonavegação - WS157 (ORSV) Tugboat - WS138 Tugboat - WS139 Tugboat - WS140 Tugboat - WS141 Tugboat - WS142 Tugboat - WS143 Tugboat - WS144 Tugboat - WS145 Tugboat - WS146 Tugboat - WS147 Tugboat - WS148 Tugboat - WS149 TugboatsOSVs Dec/13 Dec/13 May/14 May/14 Jun/14 Oct/14 Mar/15 Mar/15 May/15 May/15 Jan/16 Feb/16 2013 Sept/13 Oct/2013 Jan/14 May/14 Jan/16 2015 Jul/15 Nov/15 2014 2016 Construction Plan
  7. 7. 7 What should we expect? Tecon Salvador: Attracting new weekly lines Briclog: Beginning of expansion works Offshore Vessels: Total of 19 Company-owned vessels in 1Q14 Guarujá II Shipyard: 100% operational and increased construction for third parties Towage: 2 new azimuth tugboats by year-end
  8. 8. 8 BM&FBovespa: WSON11 Website de RI: www.wilsonsons.com.br/ri Twitter: @WilsonSonsIR Youtube: WilsonSonsIR Thank You
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