Compañía Sud Americana de Vapores S.A. June, 2010
Agenda • CSAV Group • Containerized Cargo Transportation Industry • CSAV Figures • Successfully Weathering The Storm. Positive Trends. • Warnings and Risks Pág. 2
CSAV Group Pág. 3
Since 1872 Founded in Chile in 1872, Compañía Sud Americana de Vapores is the largest shipping company in America and one of the oldest ones in the world. in the world. Traded in the Santiago Stock Exchange since its origins in 1893 . Pág. 4
CSAV is the largest Shipping Company in America Ranking Operator Country Capacity (Teus) 8 CSAV Group Chile 477,519 28 CCNI Chile 42,192 31 Maruba + CLAN Argentina 39,231 34 Horizon Lines USA 34,150 35 Seaboard Marine USA 33,841 39 Matson USA 29,074 48 Crowley Liner Services USA 19,624 57 Westwood USA 15,906 58 Dole Ocean Liner USA 15,492 67 Log-In Logistica Brasil 12,038 71 Great White Fleet USA 9,865 77 Tropical Shg USA 7,783 83 Melfi C.L. Cuba 7,184 84 SeaFreight Cayman 7,113 89 King Ocean USA 6,506 95 Independent Container Line USA 5,910 Source: Alphaliner, May-10 Pág. 5
Business Units Shipping Business Transportation of: Containerized Cargo Vehicles Reefer Cargo Solid and Liquid Bulks SAAM Terminal Operations Tugboats Others: Container deposit, loading and unloading services, port, agency, logistics, airport and aquaculture. Pág. 6
Container Transportation Services: a Global Company ECS EUROANDES ANDEX FEEDER JCS ADRIATIC SGLX ABS AMERICAS BSL JCS GULF BRIDGE MED MEX CUBA INTRA GULF ANDEX 1 & 2 AMEX IMEX INDUS MEDITERRANEAN ANDEX 1 & 2 MAYA TANGO 1 & 2 US GULF ORINOCO AMEX MNS & FEM ASAX MARCO SIRIUS POLO EUROATLAN 1 & 2 ANDINO PATAGONIA 34 transport services in containers, operated by 127 containerships. CONOSUR North – South Services (South America to/from North America, Europe and Asia), directly operated by CSAV and its subsidiaries Libra Brazil and Libra Uruguay. East – West Services operated by Norasia Container Lines Ltd. subsidiary. Slide 7 Pág. 7
Container Transportation Services West Coast South America East Coast South America SERVICE ROUTE SERVICE ROUTE Americas USEC - WCSA Asax ECSA - S. Africa - Asia Andex Sling 1 Asia - Mex - WCSA Euroatlan Sling 1 N Eur - ECSA Andex Sling 2 Asia - Mex - Central America - WCSA Euroatlan Sling 2 N Eur - ECSA Andex Feeder WCNA - Mex - Caribbean US Gulf US Gulf - ECSA AMEX Asia - Caribbean - USEC Sirius Medit - ECSA JCS Asia - Mex - Caribbean Marco Polo ECSA - S. Africa - M. East - India Euroandes Neur - Caribbean - WCSA Tango Sling 1 USEC - ECSA ECS Neur - Caribbean Tango Sling 2 USEC - ECSA Mediterranean Medit - WCSA Conosur ECSA - WCSA Med-Mex Med-Mex Medit - Mex - US Gulf Medit - Mex - US Gulf Patagonia Patagonia ECSA ECSA Gulf Bridge US Gulf - Caribbean East - West Conosur ECSA - WCSA SERVICE ROUTE Andino Chile Maya Caribbean ABS Black Sea - Asia Orinoco Caribbean Super Galex Persian Gulf - Asia Cuba Caribbean INDUS India - Asia IMEX N. Eur - Persian Gulf-India Mare Nostrum Medit-Asia FEM Medit-Asia Black Sea Link Black Sea Intragulf Persian Gulf Adriatic Adriatic Sea Pág. 8
Vehicle Transportation Services GRAN MEDITERRANEAN GRAN AMERICA GRAN MIDDLE EAST SHIN NANSEIKAI EUMEXSA SHIN NANSEIKAI CARPAC NASA ASAF EAST COAST LOOP A EAST COAST LOOP A EAST COAST LOOP B EAST COAST LOOP B AUSTRAL 10 specialized services in vehicle transportation, operated by 10 “Car Carrier” ships. CSAV, in consortium with other leading shipping companies, operates a specialized fleet in vehicle transportation (Car Carriers), linking South America with Asia, Europe, USA and Mexico; both South American coasts; USA with the Mediterranean east coast; and Asia with the Persian Gulf and South Africa. Pág. 9
Reefer Cargo Transportation Services ������������ ���� ���� ����������� ������������������������ � ������������������������ � ������������������������ ������������������������ CSAV operates Round Voyage 28 specialized services NB Frequency Weekly Round Voyage 28 in reefer cargo SB Season Dec / Apr NB Frequency Weekly transportation , SB Season Nov / May ������� serving the fruit �������� �������� ���������� ���������� export market, export market, mainly from the West Coast of �� ���������� South America to ��������� �������� �� $�� ���!� #������ "������� USA, North Europe ������������������������ � ������������������������ � ������������ ����� and Russia. Round Voyage 42 NB Round Voyage 50 Frequency Weekly SB NB Frequency 10 days Season Jan / May SB Season Jan / May �������� �������� Pág. 10 ���������� ����������
Liquid and Solid Bulk Transportation Services Dry Bulk DBCN Bulk** Dry Bulk Liquid Bulk 2 specialized services in the bulk cargo transportation services , operated by 4 “bulk carriers” and one “chemical carrier”. **DBCN on spot basis CSAV by means of its solid and liquid bulk transportation services carries: Copper and Zinc concentrates, Iron Ore, Metallurgical and Thermal Coal, Fertilizers and Grains. Liquid Bulk includes Sulphuric Acid, Caustic Soda, Methanol as well as Vegetable and Fish oil. Pág. 11
SAAM in America 62 Ports in 11 Countries Florida U.S.A. Terminal operations, Altamira Tampico Tuxpan tugboats, container deposits, Veracruz Ciudad del Carmen Mexico Dos Bocas Lázaro Cárdenas load/unload services, port, Puerto Quetzal agency, logistics, airport and Guatemala San José Punta Morales Puerto Caldera aquaculture. Puntarenas Buenaventura Costa Rica Esmeralda Manta Itaqui Itaqui Guayaquil Guayaquil Colombia Puerto Bolívar Chicama Paita Chimbote Salaverry Maceio Supe Callao Ecuador Pisco Salvador Matarani Ilo Huarmey Peru Arica Iquique Vitória Patillos Patache Santos Rio de Janeiro Sao Sebastao Mejillones Antofagasta Chile Paranagua Chañaral Itajaí Coquimbo Rio Grande Quintero Valparaíso Montevideo Santiago Argentina San Antonio Nueva Palmira Talcahuano Fray Bentos M � Bopiquá San Vicente Puerto Corral Puerto Madryn Uruguay Puerto Montt Puerto Chacabuco Brazil Punta Arenas Ushuaia Pág. 12
SAAM: Concessions in Chilean Ports Port Operations in 6 Chilean ports Arica Iquique Terminal Terminal Puerto Antofagasta Terminal Iquique Internacional S.A. Arica S.A. Internacional S.A. Antofagasta San Antonio San Antonio San Antonio Terminal San Vicente Terminal San Antonio Internacional S.A. Internacional S.A. San Vicente Corral Portuaria Corral S.A. Pág. 13
SAAM: Port Concessions in America Florida International Terminal Port Everglades, USA Guayaquil Terminal Portuario Guayaquil Terminal Portuario Guayaquil Pág. 14
SAAM Tugboat Fleet Mexico: 24 Guatemala: 1 Costa Rica: 3 Colombia: 1 8 8 Ecuador: Ecuador: Peru: 19 Chile: 24 Uruguay: 8 Brazil: 21 Total: 109 Tugboats Pág. 15
CSAV Group Property Structure The largest shareholder is the Claro Group, which holds 38,02% of the company’s property. The Claro Group is an important Chilean industrial conglomerate involved in the industrial, shipping, port, wine and communication industries. CSAV's Property Structure (May 5, 2010) Banks by Account Stockbrokers of Third Parties Others Others 13.30% 13.30% 2.22% 2.22% 13.90% Pension Funds Stock Exchanges 10.57% 1.31% Mutual and Investment Funds 3.15% Ship Owners 17.53% Claro Group 38.02% Pág. 16
The Containerized Cargo Transportation Industry Pág. 17
The Largest 30 Container Shipping Companies Ranking according to Capacity (Teus) APM-Maersk 1 2,059,135 (14.6%) 1,646,213 (11.7%) Mediterranean Shg Co 2 CMA CGM Group 3 1,101,793 (7.8%) 595,650 APL 4 (4.2%) 557,456 Evergreen Line 5 (4.0%) 543,743 (3.9%) Hapag-Lloyd 6 496,156 (3.5%) COSCO Container L. 7 Nº 8 CSAV Group 8 477,519 (3.4%) Hanjin Shipping 9 448,051 (3.2%) 440,236 (3.1%) CSCL 10 364,941 NYK 11 (2.6%) 364,484 MOL 12 (2.6%) 351,726 351,726 OOCL 13 OOCL 13 (2.5%) (2.5%) 337,748 Hamburg Süd Group 14 (2.4%) Zim 15 324,582 (2.3%) K Line 16 321,017 (2.3%) Yang Ming Marine … 317,197 (2.2%) 271,604 (1.9%) Hyundai M.M. 18 PIL (Pacific Int. Line) 19 (1.6%) 230,071 UASC 20 (1.4%) 199,082 Wan Hai Lines 21 159,963 (1.1%) 104,519 (0.7%) HDS Lines 22 MISC Berhad 23 91,903 (0.7%) 61,965 TS Lines 24 (0.4%) Sea Consortium 25 56,178 (0.4%) ������%������������&�'�()*) 53,691 RCL (Regional Container … (0.4%) Grimaldi (Napoli) 27 51,246 (0.4%) CCNI 28 42,192 (0.3%) 40,215 KMTC 29 (0.3%) Slide 18 Slide 18 Pág. 18 39,525 STX-Pan Ocean 30 (0.3%)
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