1Q14 Conference Call Presentation

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1Q14 Conference Call Presentation

  1. 1. Conference Call and Webcast 1Q14 Earnings May, 20th, 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 12.3 14.0 1.1 0.1 Highlights so Far Highlights 1Q14 Net Revenues (USD million) Vigorous growth in Container Terminals volumes; Strong volumes and ships with greater deadweight in Towage; Solid Performance in O&G Support Terminals; and CAPEX 1Q14 by business (USD million) Consolidated Figures (USD million) Total 27.5 Appreciation of the BRL positively affected Net Income 1Q14 1Q13 Chg. (%) Net Revenues 147.7 148.3 -0.4 EBITDA 40.2 36.0 11.7 EBITDA Margin 27.2% 24.3% 2.9 p.p. EBIT 24.4 22.2 10.0 Net Income 24.3 19.5 24.3 Net Margin 16.4% 13.2% 3.3 p.p. 75.8 52.3 19.6 51% 87% 100% -200% -150% -100% -50% 0% 50% 100% 150% 0,0 10,0 20,0 30,0 40,0 50,0 60,0 70,0 80,0 Port Terminals & Logistics Towage & Ship Agency Shipyards
  4. 4. 4 1Q14 1Q13 ∆ 1Q14 1Q13 ∆ 1Q14 1Q13 ∆ Higher transshipment in Rio Grande and export volumes in Salvador Project cargo storage at Salvador Reduction in payroll tax rates 44.8 45.1 17.7 15.9 Higher # of Vessel Turnarounds Environmental services New short-term contract clients 10.5 8.0 3.3 1.6 Phase out of two operations Demobilization costs 20.5 25.8 2.3 5.4 Increase in # of Manoeuvres Heavier Avg. Deadweights BRL depreciation against USD 52.3 49.1 20.1 15.3 Different stages of ship building in comparison to 1Q13 Delays in deliveries as a consequence of the fire which occurred in the warehouse of Guarujá II 19.6 20.3 2.0 5.2 Larger operational fleet Higher Avg. Daily Rates Negative FX impact on deferred taxes 15.9 11.9 7.3 4.4 -0.8 1.2 Business Operational Highlights Financial Highlights Net Revenues EBITDA Offshore Net Income Highlights by Business Solid growth in overall volumes boosts EBITDA figures * Including Ship Agency segment figures ** ** Corresponds to Wilson Sons‟ 50% participation in the JV. Net Revenues and EBITDA are not considered in Wilson Sons‟ consolidated results *
  5. 5. 5 4,250 3,950 4,314 4,363 4,623 4,170 4,890 4,618 Jan Feb Mar Apr 2013 2014 342 426 367 423437 556 498 554 Jan Feb Mar Apr 2013 2014 58.9 65.0 71.8 73.7 75.9 75.6 92.0 89.1 Jan Feb Mar Apr 2013 2014 April 2014 Operational Data Volumes are still strong... Container Terminals (RG + SSA) (TEU „000 Handled) Towage (Harbour Manoeuvres) Shipyards Indicative OSVs orderbook Offshore Vessels (Days of Operations – Owned Vessels) Growth of 21% Growth of 31% Growth of 6% Vessel Client Type of Client Expected Delivery ROVSV Fugro 100% Third-party Sep/14 PSV Geonavegação 100% Third-party Jan/15 OSRV OceanPact 100% Third-party Mar/15 OSRV OceanPact 100% Third-party Apr/15 OSRV OceanPact 100% Third-party Nov/15 OSRV OceanPact 100% Third-party Dec/15 PSV WSUT 50% Third-party Under Analysis PSV WSUT 50% Third-party Under Analysis * Under option for construction * *
  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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