Evergreen Marine Corp. (taiwan) Ltd. · TWSE:2603
Evergreen Marine Corp. (taiwan) — 2025 Investor Conference
26 slides from Evergreen Marine Corp. (taiwan)'s conference presentation, April 2025
Slide 1: Evergreen Marine Corp. 2025 Investor Conference
股票代號: 2603 Evergreen Marine Corp. 2025 Investor Conference Ian Huang 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 Evergreen Marine Corp. (the “Company”) undertakes no obligation to publicly update
Slide 3: Agenda
2 Financial Agenda Information 1 Company Overview Container Shipping 3 Outlook Business Strategy 4 3
Slide 4: Company Overview
Company Overview 4
Slide 5: World Ranking
7 th World Ranking 1.81 5.6% 226 14 10+ Millions TEU Capacity Market Share Vessel | Group fleet Owned Terminals 2024 lifting / Millions TEU Operational Capacity 5
Slide 6: Financial Information
Financial Information Zul
Slide 7: Consolidated Income Statement 2024
Consolidated Income Statement 2024 1 Commission and Agency Income Others 4.32% 0.15% Unit：NT$ Millions Ship Rental and Slottage Income 0.70% Item 2024 Operating Revenue 463,568 Operating Operating Cost (287,463) Revenue Gross Profit (Loss) 176,126 Marine Freight Income 94.83% Operating Income (Loss)
Slide 8: Financial Ratios
Financial Ratios 2 300% 250% 284.50% 240.87% 213.10% 218.09% 200.44% 208.10% 187.00% 200% 158.46% 150% 100% 50% 48.98% 35.67% 37.85% 35.30% 36.89% 34.53% 34.10% 34.38% 0% 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 Current Ratio Debt Ratio 8
Slide 9: Quarterly Consolidated Operating Income, Gross Profit Margin and Net Income Margin
Quarterly Consolidated Operating Income, 3 Gross Profit Margin and Net Income Margin Unit：NT$ 100 Millions 1,600 1,528 60% 52.59% 1,400 50% 1,158 1,200 1,063 40% 1,000 41.43% 886 33.75% 31.66% 35.34% 800 728 697 30% 668 674 21.38% 28.75% 600 27.55% 20% 22.16% 20.48% 12.81% 20.56% 400 17.05% 10% 200
Slide 10: Quarterly Consolidated Operating Income
Quarterly Consolidated Operating Income 4 Unit：NT$ 100 Millions 2,000 1,800 1,708 1,750 1,704 1,528 1,560 1,600 1,435 1,400 1,158 1,200 1,099 1,110 1,063 1,000 1,000 900 886 800 728 697 668 674 600 400 200 0 Q1 Q2 Q3 Q4 2021 2022 2023 2024 2025 10
Slide 11: Consolidated Operating Revenue, Volume and Fuel
Consolidated Operating Revenue, Volume and Fuel 5 (USD) 2,000 1,800 1,767 1,821 1,659 (10 thousands TEU) 500 450 1,600 1,420 400 1,408 1,356 1,400 1,245 350 1,228 1,245 1,200 1,104 1,071 1,064 300 1,037 1,000 907 250 1,064 800 200 534 518 514 513 532 548 557 551 543 520 520 600 503 504 498 499 150 8
Slide 12: Container Shipping Outlook
Container Shipping Outlook 12
Slide 13: World Economic Outlook
World Economic Outlook Positive development World Economic Outlook Growth Projection 6.0 5.3 5.0 5.0 4.5 4.6 4.0 4.0 4.0 3.5 3.3 3.0 3.0 3.0 2.8 2.8 2024 2.4 2.4 2.4 2025 2.0 2.0 1.8 1.7 2026 1.2 0.9 0.8 1.0 0.0 World Output United States Euro Area China Emerging and Latin America Middle East and De
Slide 14: Major Economic PMI
Major Economic PMI 60 58 United States 56 Euro Area China 54 52 the threshold 50 of PMI 48 46 44 42 40 Jan '22 Jul '22 Jan '23 Jul '23 Jan '24 Apr '24 Jul '24 Jan' 25 Feb' 25 Mar' 25 Source: Micro Macro (~2025 Mar.) 14
Slide 15: Supply & Demand
Supply & Demand Cellular Fleet Growth vs Global Throughput 35 15 30 10.3 8.2 10 7.6 7.2 25 5.8 5.7 4.0 4.1 2.9 5 20 1.8 Fleet Capacity(year end, Mteu) 3.8 4.5 4.5 3.8 % Annual Capacity Growth 15 2.5 2.5 1.8 0 % Global Throughput Growth 0.3 -0.3 10 -1.1 -5 5 0 -10 2016 2017 2018 2019 2020 2021 2022 2
Slide 16: 2024 Major trade lane Capacity & Cargo volume
2024 Major trade lane Capacity & Cargo volume 2M FE-North America FE-Europe OCEAN Alliance THE Alliance TEU 2023 2024 24/23% 2023 2024 24/23% Others 15% 20% Q1 3,646,620 4,391,446 20.4% 3,801,051 4,097,706 7.8% 7% 23% 39% 27% Q2 4,383,833 4,961,671 13.2% 4,396,129 4,654,725 5.9% 37% 31% Q3 4
Slide 17: 2024 Newbuilding Capacity
2024 Newbuilding Capacity 2024 Annual Capacity Growth 345,269 350,000 12 9.7 10.3 307,280 9.12 296,227 300,835 7.67 8.35 10 300,000 274,474 6.72 268,738 8 5.98 250,000 4.91 6 3.86 215,467 206,660 203,140 4 2.63 192,473 200,000 1.66 1.09 163,350 2 159,060 150,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep
Slide 18: Containerized Freight Index
Containerized Freight Index Shanghai Containerized Freight Index SCFI USWC USEC EUR MED. 12,000 6,000 10,000 5,000 8,000 4,000 6,000 3,000 4,000 2,000 2,000 1,000 - - 21 Q1 Q2 Q3 Q4 22 Q1 Q2 Q3 Q4 23 Q1 Q2 Q3 Q4 24 Q1 Q2 Q3 Q4 25 Jan. Feb. Mar. Source: Shanghai Shipping Exchange (~ Mar. 2025) 18
Slide 19: Business Strategy
Business Strategy 19
Slide 20: Challenges and Responses of shipping industry
Challenges and Responses of shipping industr y O c e a n New-build Decarboni Alliance vessels z a t i o n 20
Slide 21: OA Duration Services
2032 2037 2024-2027 OA Duration Services Capacity Day 9 2025/04/01 – 2026/03/31 41 503 million TEU Day 8 2024/04/01 – 2025/03/31 37 480 million TEU Day 7 2023/01/01 – 2024/03/31 40 462 million TEU Day 6 2022/04/01 – 2022/12/31 42 443 million TEU Day 5 2021/04/01 – 2022/03/31 39 403 million TEU Day 4
Slide 22: For U.S. port calls by Chinese owned or Chinese-built vessels
For U.S. port calls by Chinese owned or Chinese-built vessels Chinese-built cranes, operated vessels containers & chassis Actions Charge port fees Charge port fees Proposed extra tariff Formal measures Formal measures Wait result of 5/19 public hearing (a) per net ton or (b) per Per net ton per
Slide 23: Capacity (TEU) Trans Pacific Market
Trans Pacific FE-EUR Capacity (TEU) Evergreen Evergreen Market Market >18,000 1 182 23 15,200 – 17,999 39 8 107 12,500 – 15,199 134 66 10,000 – 12,499 71 6 24 7 500 – 9,999 166 9 38 5,100 – 7,499 74 5 24 <5,000 68 79 TOTAL 553 28 520 23 23
Slide 24: 2021-2029 Group Capacity
2025 – 2030 Top 10 Carriers Newbuilding Delivery Schedule 2021-2029 Group Capacity TEU Thousands 3,000,000 100.0 0 500 K 1000 K 1500 K 2000 K MSC 2083 2,750,000 2,513,320 80.0 Maersk 729 2,500,000 2,364,031 2,406,773 69.7% CMA CGM 1578 2,250,000 62.5% 2,074,061 60.0 COSCO 864 1,955,553 59.6% 2,000,0
Slide 25: Evergreen Fleet Greenhouse Gas Emission Reduction Roadmap
120 Evergreen Fleet-Greenhouse Gas Emission Reduction Roadmap 100.45 100 91.34 Baseline (2008) 83 80 75.42 68.62 62.58 57.31 60 52.81 48.13 47.49 44.78 42.68 41.2 41.12 40 38.2 31.7 32.6 20 Emission Reduction Roadmap 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2
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