Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2022 Investor Conference
23 slides from Yang Ming Marine Transport's conference presentation, Sep 7, 2022
Slide 1: Yang Ming Marine Transport Corp. 2022 Investor Conference
Yang Ming Marine Transport Corp. 2022 Investor Conference 2022.09.07 1
Slide 2: Legal Disclaimer
Legal Disclaimer The information contained in this presentation, including all forward-looking information, is subject to change without notice, whether as a result of new information, further events or otherwise, and Yang Ming Marine Corp. (the “Company”) undertakes no obligation to publicly upda
Slide 3: Outline
Outline 1、 Container Shipping Overview 2、 Business Information 3、 Financial Results 4、 Operational Future Prospects 3
Slide 4: Container Shipping Overview
Container Shipping Overview 4
Slide 5: Economic Outlook
Economic Outlook • IMF expects the world economy to grow 3.2% this year and 2.9% in 2023. Source: IMF, World Economic Outlook, Jul 2022. 5
Slide 6: Supply and Demand
Supply and Demand • Drewry, Alphaliner and Clarksons research forecast supply will exceed demand from 2022 to 2023. 2021(E) 2022(F) 2023(F) Supply 4.5% 3.4% 7.1% Demand 6.8% 2.3% 2.9% Supply 4.5% 4.3% 8.2% Demand 6.7% 0.9% 2.7% Supply 4.5% 3.5% 8.2% Demand 6.3% 3.0% 2.6% Source: Alphaliner Monthly M
Slide 7: Marine Fuel Oil Price Outlook Singapore market price
Marine Fuel Oil Price Outlook Singapore market price • Despite a modest downward revision of global oil demand for 2022 and oil price has recently decreased from a peak level but still remains elevated while weakening economic growth along with the ongoing Russian-Ukraine war and EU and US sanctions
Slide 8: Business Information
Business Information 8
Slide 9: The Proportion of Consolidated Operating Income
The Proportion of Consolidated Operating Income ★AWE、PSW 、PNW ★Intra-East Asia ★Middle East, Red sea, South America, Australia, South Asia ★NCP、MED、TA、IEU Data interval:202201~202206 9
Slide 10: Lifting Volume Analysis - Lifting Volume in Year 2022H1 increased by 2% YOY
Lifting Volume Analysis- Lifting Volume in Year 2022H1 increased by 2% YOY FY2022H1：2.27 million TEU FY2021H1：2.22 million TEU 10
Slide 11: Capacity Ranking
Capacity Ranking • As of August 2022, Yang Ming's fleet capacity is ranked 9th in the world. Source: Alphaliner, Aug 2022 11
Slide 12: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relatively balanced on trade capacity • THE Alliance accounts for 19% of global When it comes to East-West Market share ship capacity, about 4.74 million TEU. scale, 2M+ZIM is more European-based, and • 2M+ZIM remain highest rank in terms OCEAN Alliance is largel
Slide 13: Financial Results
Financial Results 14
Slide 14: The Proportion of Consolidated Operating Revenue of Yang Ming Group
The Proportion of Consolidated Operating Revenue of Yang Ming Group Logistics Bulk Container Shipping Wharf 3.68% 1.37% 94.86% 0.09% 14
Slide 15: Consolidated Income Statement
Consolidated Income Statement Unit：NT$ Million Items 2022H1 Operating Revenue 216,152 Gross Profit 147,788 Operating Income(Loss) 143,254 Net Income(Loss) 116,324 Profit(Loss),attribute to owners of the parent 116,111 EPS 33.25 15
Slide 16: Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin
Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin 16
Slide 17: Fuel price and Average FRT
Fuel price and Average FRT Unit： Fuel Price(TON) Unit： AVG FRT(TEU) USD/TON USD/TEU 1,000 4,000 900 3,417 3,500 3,317 800 749 3,129 693 3,063 3,021 3,034 700 652 2,979 2,975 2,905 3,000 2,854 600 600 556 553 564 547 2,602 511 523 504 485 2,422 500 2,500 400 2,000 300 200 1,500 100 0 1,000 17
Slide 18: Structure of Shareholders
Structure of Shareholders 18
Slide 19: Operational Future Prospects
Operational Future Prospects 20
Slide 20: Service Rationalization-Strategies
Service Rationalization-Strategies • Strengthen competitiveness and capacity on East-West East-West main routes with new deliveries and service restructure. • Rationalize vessel deployment and rotation adjustment, Network improve OTP and ensure max. capacity restoration. • Upsize main Trans-Pacific
Slide 21: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to 31 Aug. 2022, there are 95 vessels in Yang Ming’s fleet, and total capacity is around 706,000 TEUs • 14 new-built 11,000TEU chartered-in vessels will be fully delivered in 2022.
Slide 22: Future Prospects
Future Prospects Due to Russo-Ukrainian War and the inflation , reducing the purchasing power of consumers. However, severe schedule delays caused by port congestion which results in reducing supply capacity and slowing down the freight. The prospects for the first half of 2023 considered the follow
Slide 23: Q&A
Q&A 24
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