Marine Money. 18th Annual Ship Finance Forum November 14, Container Leasing Panel

Transcription

1 Marine Money 18th Annual Ship Finance Forum November 14, 2017 Container Leasing Panel

2 Panelists and Moderator John Burns Stephen Ponak Robert Sappio Renzo Hoefnagels John Bradley John Burns is the Senior Vice President and Chief Financial Officer of Triton International Limited, the largest container lessor in the world. Triton was formed by the merger of Triton Container and TAL International in July Mr. Burns joined TAL in 1996 and became the CFO in Prior to joining TAL, Mr. Burns spent 10 years at Ernst & Young LLP in their financial audit practice. Mr. Burns holds a BA in Finance from the University of St. Thomas, St. Paul, Minnesota, and is a certified public accountant. Stephen Ponak is the Managing Director of Asset Management of the Touax Group and a member of its Executive Committee. Mr. Ponak is directly responsible for sourcing and managing Investor Programs valued at over $1.3 billion. As of June 2017 the Touax Group manages over $1 billion on behalf of outside investors. He obtained his undergraduate degree in Industrial Relations and Economics from McGill University and an MBA from the John Molson School of Business at Concordia. Robert Sappio is the CEO of SeaCube Container Leasing, a global leader in equipment leasing serving the shipping industry, based in Woodcliff Lake, New Jersey. Mr. Sappio is a leader in the transportation and logistics industry with over 35 years of international and domestic experience, including 30 years with American President Lines. Prior to joining SeaCube Container Leasing, he was President of Rickmers Group in the Americas, including Rickmers-Linie (America) based in Houston, Texas. Mr. Sappio obtained a bachelor's degree in Economics from Wagner College in New York and has completed the Advanced Executive Program at the Kellogg Graduate School of Management at Northwestern University. Renzo Hoefnagels started his career over 15 years ago at Fortis Bank (predecessor of ABN AMRO bank) and has worked in various teams over the years, including equity participations, commodity finance and intermodal finance at various offices including Rotterdam and London. After working for ABN AMRO in New York for the last 6 years, Mr. Hoefnagels returned to the head office of ABN AMRO in Amsterdam and is currently globally responsible for aircraft and intermodal transactions covering mainly intermodal and aircraft lessors. Mr. Hoefnagels holds an M.Sc. degree in Business Administration from the Erasmus University in Rotterdam. John Bradley is a shareholder of Vedder Price P.C., where he is a member of the Global Transportation Finance team, which provides legal advice and finance solutions across all major transportation sectors, including aviation, aerospace, rail, shipping, and ports and terminals. Mr. Bradley concentrates his practice on matters relating to the acquisition, disposition, and financing of marine assets, including ships, intermodal containers, marine container terminals, and distressed maritime assets. He is a member of the Marine Finance Committee of the U.S. Maritime Law Association and is the former Chairman of the MLA s Committee on Maritime Bankruptcy and Insolvency. 1

3 Container Shipping: Ideal X Converted Oil Tanker Capacity: 58 Trailer Boxes OOCL HONG KONG Cellurized Container Ship Capacity: 21,413 TEU 2

4 Container Leasing The Hanjin Effect Resilience of container leasing industry Effects on financing and leasing Availability Structuring Price of risk Behavioral changes Shipping Line Consolidation & Mega Alliances Concentration risk Container Management Global platform and experience Ability to manage full life cycle Investor expectations 3

5 continued Container Leasing Trends and Growth Prospects Steel prices (correlations) World trade Container inventories Specials Container utilization Cellular orderbook Shipping line attitudes toward owning vs. leasing 4

6 continued Container Leasing Key Investment Propositions Higher yields Credit quality Leverage Industry discipline Leasing Industry Competitive Landscape Triton TAL Florens Dong Fang Others 5

7 continued Container Leasing Basel IV What does it mean for pricing of asset-based transactions? Debt Capital Markets United States Europe Opportunities for U.S.-based container lessors 6

8 7 continued