ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q2 2022 Earnings Conference Call August 17, 2022 8:00 AM ET

Company Participants

Elana Holzman - Head, Investor Relations

Eli Glickman - President and CEO

Xavier Destriau - Chief Financial Officer

Conference Call Participants

Sathish Sivakumar - Citigroup

Omar Nokta - Jefferies

Sam Bland - JPMorgan

Alexia Dodani - Barclays

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. I am Frenzy, your chorus call operator. Welcome and thank you for joining the ZIM Integrated Shipping Services Q2 2022 Earnings Conference Call. Throughout today’s recorded presentation all participants will be in a listen-only mode. The presentation will be followed by a question-and-answer session. [Operator Instructions]

It’s my pleasure and I would now like to turn the conference over to Ms. Elana Holzman, Head of Investor Relations. Please go ahead, ma’am.

Elana Holzman

Thank you, Frenzy. And welcome to ZIM’s second quarter 2022 financial results conference call. Joining me on the call today are Eli Glickman, ZIM’s President and CEO; and Xavier Destriau, ZIM’s CFO.

Before we begin, I would like to remind you that during the course of this call we will make forward-looking statements regarding expectations, predictions, projections or future events or results. We believe that our expectations and assumptions are reasonable.

We wish to caution you that such statements reflect only the company’s current expectations and that actual events or results may differ, including materially. You are kindly referred to consider the risk factors and cautionary language described in the documents the company files with the Securities and Exchange Commission, including our 2021 annual report filed on Form 20-F on March 9, 1922, sorry, 2022. We undertake no obligation to update these forward-looking statements.

At this time, I would like to turn the call over to ZIM’s CEO, Eli Glickman. Eli?

Eli Glickman

Thank you, Elana, and welcome everyone to today’s call. I am very proud of our execution and continued strong financial performance during the second quarter and first half of 2022 as you can see on slide number three.

Over the past several quarters ZIM established itself as a leader in terms of EBITDA and EBIT margin in container shipping. Our first half results are record results for ZIM and we are pleased to continue delivering strong EBITDA and EBIT margins. Based on our solid performance in the first half, we are reaffirming our full year guidance for 2022 and are on track to deliver another year of record earnings and profitability.