International Container Terminal Services (PSE: ICT)

International Container Terminal Services (ICT, the “Company”) is mainly engaged in the business of management and operation of container terminals serving the container shipping industry. The Company was signed with Philippine Ports Authority (PPA) a 25-year concession for Manila International Container Terminal (MICT) in May 18, 1988. The Company leveraged on their experience in MICT to create an international network of container terminals focused on emerging market economies. ICT’s operations can be classified by geographic location namely, Asia, Europe, Middle East, and Africa, and Americas. Below is the Company’s revenue mix and 6-year historical trend:

ICT1ICT2

ICT is involved in 27 terminal concessions and port development projects in 19 countries worldwide which are summarized as follows:

ICT3 ICT4 ICT5 ICT6

The Company’s strategy is to continue to develop its existing portfolio of terminals and expand through acquisitions. In a news article, the Company plans to operate 100 ports in the next 25 years. [1] The Company handled 5.6 million twenty-foot equivalent units (TEU) in 2012 from its 27 ports worldwide.

ICT7ICT8

ICT is poised for growth in the coming years regardless of the economic condition. Below are ICT ports that are yet to be in commercial operations or yet to contribute full year of operations in the books of ICT:

ICT9

Sources:

  1. ICTSI aims to run 100 global ports next 25 years, http://www.mb.com.ph/ictsi-aims-to-run-100-global-ports-next-25-years/
  2. ICTSI to spend $250M on Mexican terminal, http://www.portcalls.com/ictsi-to-spend-250m-on-mexican-terminal/
  3. International Container Terminal Services, Inc., Sociedad Puerto Idustrial del Aguadulce S.A. (SPIA), Aquadulce, Colombia, http://www.ictsi.com/operations/sociedad-puerto-industrial-del-aguadulce-s-a-spia-aguadulce-colombia/
  4. ICTSI eyes complete takeover of Argentina port operations, http://www.philstar.com/business/712627/ictsi-eyes-complete-takeover-argentina-port-operations

Disclaimer: I do not claim to be an expert and nothing I say should be taken as a recommendation to buy or sell. Read more in the ABOUT page.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s