Nippon Yusen Kabushiki Kaisha · TSE:9101
Nippon Yusen Kabushiki Kaisha — Q3 FY2006/3 Earnings Presentation
18 slides from Nippon Yusen Kabushiki Kaisha's earnings presentation, February 2006
Slide 1: Financial Results for 3Q ended 05/12 and Prospect for Whole FY06/3
Financial Results for 3Q ended 05/12 and Prospect for Whole FY06/3 February 2006
Slide 2: Summary of 9 Months Results ended 05/12
Summary of 9 Months Results ended 05/12 1) Compared with 04/12, Revenue (+20%), Operating Profit ( 2%), Recurring Profit (+4%), Net Profit (+44%) (Billion Yen) Revenue Ope. Profit Re c. Profit Net Income 9months ended 05/12 1,423.8 120.0 120.9 76.1 9months ended 04/12 1,188.8 122.4 116.7 52.7 C hang
Slide 3: Analysis of Change in Recurring Profit
Analysis of Change in Recurring Profit 9 Months ended 05/12 against 04/12 (Billion Yen Yen Depreciation 4.0 3Q @ 111.66 / Depreciated by 3.11 Bunker Oil Price 18.4 3Q @$273.92 / Increased by $81.77 Market Effects 5.1 Freight Rate / Lifting effects etc Improvement of Non-Shipping Division 6.0 Total o
Slide 4: Financial Information by Industrial Segments
Financial Information by Industrial Segments 9 Months ended 05/12 against 04/12 (Billion Yen) Liner Other Elimination/ Revenue Logistics Terminal Cruise Real Estate Others Consolidated (Container) Shipping Unallocation 9 months ended 04/12 343.0 420.6 261.1 82.3 25.9 9.3 107.2 60.6 1,188.8 9 months
Slide 5: 3 Months Results against 2H Prospect by Industrial Segment
3 Months Results ended 12/05 against 2H Prospect (as of Nov. 2005) by Industrial Segment (Billion Yen) Liner Other Elimination/ Revenue Logistics Terminal Cruise Real Estate Others Consolidated (Container) Shipping Unallocation 2H prospect ending 06/3 258.5 318.4 211.0 56.4 16.8 6.6 137.9 65.0 940.5
Slide 6: Revised Prospects for FY 06/3
Revised Prospects for FY 06/3 (Billion Yen) 1H Original Prospect Revised Prospect Change Result 2H FY 2H FY 2H FY 70.0 70.0 Revenue 899.5 940.5 1,840.0 1,010.5 1,910.0 7% 4% Operating 15.0 15.0 80.5 74.5 155.0 59.5 140.0 Profit -20% -10% Recurring 12.0 12.0 79.2 70.8 150.0 58.8 138.0 Profit -17% -8%
Slide 7: Revised Prospects for FY06/3 by Industrial Segments
Revised Prospects for FY06/3 by Industrial Segments (Billion Yen) Liner Other Elimination/ Revenue Logistics Terminal Cruise Real Estate Others Unallocation Consolidated (Container) Shipping Original 519.0 641.5 410.1 112.4 40.2 12.8 219.7 115.6 1,840.0 Revised 537.0 667.6 428.5 111.4 38.4 12.2 232.
Slide 8: Cash dividend for FY 06/3
Cash dividend for FY 06/3 1. NYK’s Policy for Cash Dividend * Maintain Stable Cash Dividend * Minimum 20% Payout Ratio against the Consolidated Net Income 2. Prospect for Cash Dividend for FY 06/3 * Year-End Cash Dividend of ¥9/Share Planned to Maintain Annual Dividend at ¥18/Share Together with Int
Slide 9: Overview of Each Industrial Segments: Shipping Division 1)
Overview of Each Industrial Segments 1. Shipping Division – 1) Container Cargo Movement Recovered after Dec. 2005 in NA Trade, Maintain High Utilization in NE Trade. Number of Containers Transported (1,000 TEU) 9 monhs ended 9 months ended FY 05/3 FY 06/3 growth growth 04/12 (Result) 05/12 (Result)
Slide 10: Overview of Each Industrial Segments: Shipping Division 2)
Overview of Each Industrial Segments 1. Shipping Division – 2) Market Index by Major Type Bulkers & Tankers FY 06/3 Result & Prospect for FY 06/3 Points FY 05/3 (Original 9 months e nde d 3 months e nding Changed Assumption) 05/12 (Re sult) 06/3 (Prospe ct) (Prospect) Cape Size Bulkers 100 90 67 44
Slide 11: Overview of Each Industrial Segments: Logistics
Overview of Each Industrial Segments 2.Logistics (Land-Based & Air Forwarding) 1) NYK Logistics (Land-Based) Steady Improvement of Income in Line with “New Horizon 2007“, and Expect to be Profitable Throughout FY 06/3. 3 months ended 3 months ended FY 05/3 3 months ended 3 months ended FY 06/3 04/12
Slide 12: Overview of Each Industrial Segments: Terminal, Cruise
Overview of Each Industrial Segments 3. Terminal Yusen Terminal in Los Angeles Showed Significant Recovery in Profit, as There were No Port Congestion during this Peak Season, in Addition to Improved Efficiency in its Operations. 4. Cruise Division Crystal Cruise (USA) Reduced its Fleet from Three t
Slide 13: NCA's Financial Prospect for FY 06/3
NCA’s Financial Prospect for FY 06/3 1. Revised Prospect for FY 06/3 Revised the Prospect for FY 06/3 owing to Severe Increase in Jet Oil Price, and Carry Over of the Sale of One Aircraft to Next Year. (Billion Yen) Original Revised Prospect 9 months e nde d 3 months e nding Prospect 05/12 (Actual)
Slide 14: EXHIBIT
A MEGACARRIER EXHIBIT 13
Slide 15: Trend of Interest-Bearing Debt
Trend of Interest-Bearing Debt (Billion Yen) FY 03/3 FY 04/3 FY 05/3 3Q ended 05/12 @¥ 120 @¥ 106 @¥ 107 @¥ 112 B/S B/S B/S B/S 691.4 654.5 630.1 808.8 FY 99/3 B/S 984.6 36.9 24.4 178.7 D/E 3.9 Decrease Decrease Increase D/E Ratio 2.4 1.8 1.5 1.5 14
Slide 16: Container Market
Container Market Freight Rate Index Asia-USA Asia-Europe USD/TEU USD/TEU 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500 500 0 0 2Q 3Q 4Q 2Q 3Q 03 Q 3Q 04 Q 2Q 3Q 05 Q 2Q 3Q 2Q Q Q Q Q Q 2Q 3Q 02 Q 2Q 3Q 03 Q 2Q 3Q 04 Q 2Q 3Q 05 Q 2Q 3Q 4 4 4 /1 /1 /1 /1 /1 /1Q /1Q /1Q /1Q /1Q 4 4 4 4 01 02 01 Index 0
Slide 17: BDI/WS
BDI/WS (At the End of January 2006) Trends of Freight Index (BDI/WS) 9,000 350 8,000 300 7,000 250 B 6,000 200 W D 5,000 S I 4,000 150 3,000 100 2,000 1,000 50 0 0 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 BDI WS Average of BDI and WS 04/12 05/12 Change WS 194.06 116.00 78.06 -40% BDI 4,253 2,962 1,
Slide 18: Dry Bulk Market Trends
Dry Bulk Market Trends (1 Year T/C Rate) (At the End of January 2006) Capesize Ave.(165,000dwt) Panamax Ave.(72,000dwt) Handymax Ave.(45,000dwt) $100,000 $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 200 1 JA N 200 2 JA N 200 3 JA N 200 4 JA N 200 5 JA N 200 6 JA N AUG A
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