Conference call 9.30 am CET Webcast available at www.maersk.com A.P. Mller Mrsk A/S Interim Management Statement 11 May 2011
Forward-looking Statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond A.P. Mller - Mrsk A/S control, may cause actual…
Key Messages Very satisfied with the performance in Q1, but full year guidance unchanged Further efficiency gains especially in container and terminal activities Investing in future growth and competitiveness (YTD) Two rigs and…
Financial Highlights Q1 2011 Group result Financial highlights Q1 2011 USD million 2,256 Q1 2010 Q1 2011 2,500 2,000 Revenue up 10% 1,163 1,500 1,000 Profit 82% higher at USD 1.2bn 500 -1,234 0 -500 ROIC 11.7% -1,000 -1,500…
Container Activities (USD million) Q1 2011 Q1 2010 Index Highlights Q1 2011 Revenue 6,419 5,795 111 5% higher volumes EBITDA 801 598 134 2% higher rates; however, falling through the Sales gains 50 9 556 period Profit 438 169 259…
Oil & Gas Activities (USD million) Q1 2011 Q1 2010 Index Highlights Q1 2011 Revenue 3,073 2,498 123 Exploration costs 141 143 99 13% lower production share, accelerated by: High oil price EBITDA 2,548 2,058 124 Gryphon shut down…
Terminal Activities (USD million) Q1 2011 Q1 2010 Index Highlights Q1 2011 Revenue 1,061 1,060 100 8% volume growth in line with market EBITDA 248 217 114 (excluding discontinued operations) Profit 139 114 122 ROIC increase to 11.6%…
Tankers, Offshore & Other Shipping (USD million) Q1 2011 Q1 2010 Index Highlights Q1 2011 Revenue 1,332 1,395 95 Continued pressure on tanker rates EBITDA 446 399 112 Sales gains 7 53 13 Increasing demand for efficient and modern…
Other Segments Retail activity Highlights Q1 2011 (DKK million) Q1 2011 Q1 2010 Index Revenue at same level Revenue 14,047 14,059 100 Soft market and late Easter sales affected EBITDA 584 706 83 margins Profit 331 352 94 Sale of UK…
Consolidated Financial Information Profit or Loss Q1 2011 Q1 2010 Index (USD million) Revenue 14,488 13,200 110 EBITDA 4,122 3,314 124 Depreciation, amortisation 1,226 1,346 91 and impairment losses Gain on sale of non-current…
Development in Net Interest-bearing Debt USD billion 14 12.4 4.1 12 1.2 0.3 11.3 1.6 10 0.2 0.3 8 6 4 2 0 Net interest EBITDA Change in Financial items Taxes paid CAPEX Financing Net interest bearing debt -…
Outlook for 2011 The Group still expects a result lower than the 2010 result, as stated in the annual report for 2010, including the USD 0.7bn gain from the divestment of Netto Foodstores Limited, UK. The Group expects the global…
2011 Priorities Customers first With a regained and strengthened competitiveness, the Group now increases its focus on customers and markets where the Group can add value. Emerging markets The Group has a historically strong…
APPENDIX
Consolidated Financial Information Profit or Loss Q1 2011 Q1 2010 Index (DKK million) Revenue 79,112 71,019 111 EBITDA 22,505 17,828 126 Depreciation, amortisation 6,692 7,245 92 and impairment losses Gain on sale of non-current…
Break-down of 12.2% Group ROIC ROIC 2010 40 Oil 30 Liner Damco 20 Terminals Supply Supermarked 10 Other Drilling Svitzer 0 FPSO/LNG Tankers -10 RO/RO -20 The size illustrates invested capital ranging from USD 17bn…
Development in Container Rates Container rate comparison (Rebased Jan 2007 = Index 100) Index 160 150 140 130 120 110 Maersk rate CCFI 100 New Shanghai 90 80 70 60 Nov-08 Jan-09 Jan-10 Jan-11 Jan-07…
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