Here we answer some frequently asked questions about investment and stockholding in ICTSI.

What is ICTSI's total number of shares issued?

ICTSI capital stock is comprised of Common and Preferred shares.  Common shares are listed and traded in the Philippine Stock Exchange.  Preferred shares, comprising of Preferred A and B shares, are not traded.  The Common shares and Preferred B shares have voting rights.  As of June 30, 2023, the total number of issued and outstanding Common shares is 2,031,895,788, net of 13,281,883 treasury shares.  The total number of issued and outstanding Preferred A shares and Preferred B shares are 3,800,000 and 700,000,000, respectively. 

What is ICTSI's total market capitalization?

As of June 30, 2023, ICTSI's total market capitalization is Php414.1 billion (approximately USD 7.50 billion at a USD:Php exchange rate of 55.20).

What is the company's dividend policy?

Dividends may be declared only out of the unrestricted retained earnings. A board resolution is required for declaration of dividends. In addition, approval of stockholders representing at least two-thirds of the outstanding capital stock is required for the payment of stock dividends. 

Dividends are payable to all common stockholders, on the basis of outstanding shares held by them, each share being entitled to the same unit of dividend as any other share. Dividends are payable to stockholders whose names are recorded in the stock and transfer book as at the record date fixed by the Board. Preferred A shareholders are entitled to dividends at rates to be fixed by the Board. As at June 30, 2023, the Board has not set the dividend rate for Preferred A shares. On the other hand, Preferred B shareholders shall earn no dividends.

For more details on declared dividends, please visit Dividends page.

How much are the Company's total assets?

As of June 30, 2023, ICTSI's total assets are valued at USD7.1 billion.

What is ICTSI's total debt level? What is the gearing ratio?

As of June 30, 2023, the Group's total indebtedness was USD2.31 billion and its total indebtedness to total equity ratio (interest-bearing debt over total equity was 1.37 times, providing head room for future financial leverage.

What is the maturity profile of ICTSI's loans?

Long term loans comprise of 79% of total loans.  Of the USD1.83 billion long term loans, 1% will be due in 2023, 7% will be due in 2024, 23% will be due in 2025 and 68% will be due in 2026 onwards. 

What is ICTSI's total debt mix in terms of floating and fixed interest rates?

Of the USD2.31 billion total debt as of June 30, 2023, 86% are on fixed interest rates and 14% are on floating interest rates.

What is the breakdown in currency of ICTSI's total debt?

Of the USD2.31 billion total debt as of June 30, 2023, 82% are in USD and the rest in Australian Dollar (AUD), Philippine Peso (Php), Euro and Papua New Guinea Kina (PGK).  

What is the percentage contribution of ICTSI's port operations in the Americas, EMEA (Europe, Middle East and Africa), and Asia to total volume and revenue?
Geographic
Segmentation		 ASIA EMEA AMERICAS
Volume
contribution		 51% 21% 28%
Revenue
contribution		 46% 21% 33%

 *For 2Q 2023

How much is ICTSI's projected capex and how will this be financed?

Capital expenditures, excluding capitalized borrowing cost,  amounted to US$152.23 million for the first six months of 2023.  

The Group’s estimated capital expenditure for 2023 is approximately US$400 million. The estimated capital expenditure will be utilized mainly for the ongoing expansion at the Company's terminals in Australia, Mexico, Philippines and Democratic Republic of Congo; second tranche of concession extension related expenditures in Madagascar; yard expansion at ICTSNL in Nigeria; quay expansion in ICTSI Rio in Brazil; development of a newly acquired terminal in East Java in Indonesia; equipment acquisitions and upgrades; and for maintenance requirements. The Group expects to fund these capital expenditures through a combination of available cash, internally-generated funds, third party loans and other fund raising activities, if necessary.