Nippon Steel Corp. · TSE:5401

Nippon Steel — FY2007 Earnings Presentation

32 slides from Nippon Steel's earnings presentation, Apr 25, 2008

  1. Slide 1: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    2008 3 2008 4 25 0 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  2. Slide 2: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    1 2008 3 2 2009 3 3 1 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  3. Slide 3: I FY2007 results

    I 2008 3 1 2 3 4 5 6 * 2008.3.6 2 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  4. Slide 4: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    07 06 48,269 43,021 5,428 48,000 269 27,829 25,628 2,201 27,500 329 20,440 17,393 3,047 20,500 60 5,455 5,800 345 5,450 5 3,761 4,022 261 3,800 39 1,694 1,778 84 1,650 44 5,641 5,976 335 5,600 41 3,531 3,897 366 3,550 19 2,110 2,079 31 2,050 60 413 237 176 350 63 3,549 3,511 38 3,470 79 < > <56.3> <

  5. Slide 5: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    07 48,269 48,000 269 27,829 27,500 329 20,440 20,500 60 5,455 5,450 5 3,761 3,800 39 1,694 1,650 44 5,641 5,600 41 3,531 3,550 19 2,110 2,050 60 413 350 63 3,549 3,470 < > 79 <56.3> <55.1> 2,358 2,350 8 1,191 1,120 71 4 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  6. Slide 6: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    +140 350 440 550 *2 360 *1 +380 *4 5,990 350 330 *3 +70 *5 +10 5,620 290 370 *1; *2; 1,100 1,650 *3; 130 70 110 *4; *5 70 120 50 20 10 5 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  7. Slide 7: (A) (B) (A

    07 07 (A) 07 (B) (A B) 48,269 23,163 25,106 1,943 27,829 13,451 14,378 927 20,440 9,712 10,728 1,016 5,455 2,644 2,811 167 3,761 1,742 2,019 277 1,694 902 792 110 5,641 2,840 2,801 39 3,531 1,684 1,847 163 2,110 1,156 954 202 413 178 235 57 3,549 1,764 1,785 21 < > <56.3> <28.0> <28.3> < +0.3 > 2,35

  8. Slide 8: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    140 +80 +50 190 100 *2 110 150 *3 90 2,830 2,640 30 200*1 190 *1; 100 300 *2 350 450 *3 7 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  9. Slide 9: A B Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    07 06 A B 48,269 5,455 11.3% 43,021 5,800 13.5% + 5,248 345 48,000 5,450 *1 39,945 4,759 11.9% 34,823 5,145 14.8% + 5,122 386 39,500 4,750 3,598 214 5.9% 3,679 130 3.5% 81 + 84 3,600 210 938 126 13.4% 943 143 15.2% 5 17 950 130 *2 *2 *3 *3 2,890 210 7.3% 3,187 236 7.4% 297 26 2,900 200 761 5 0.7% 65

  10. Slide 10: (08/3E) (07/3E) 08/3E 07/3E

    07 (08/3E) 06 (07/3E) 08/3E 07/3E 51,934 35,484 53,449 37,139 1,515 1,655 1 1 3,412 +525 2 +2,899 +3,549 699 ( ) +2,034 2 907 9 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  11. Slide 11: Cash flow and FCF

    07 06 C F A 5,257 4,784 6,054 6,214 2,292 2,451 2,440 1,924 903 903 C F B 4,381 3,746 FCF( ) A+B 875 1,037 1,031 1,230 C F 2,006 193 ( ) 210 108 ( ) 700 855 ( ) 935 1,097 ( ) 3,000 10 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  12. Slide 12: Interest-bearing debt and D/E ratio

    05 05 06 06 07 07 06 06 07 07 12,238 12,130 11,920 210 D/E D/E (Debt (Debt Equity Equity ratio) ratio) 0.73 0.64 0.62 0.02 D/E 21,000 2.37 2.5 18,719 19,000 2 17,000 15,612 15,000 1.5 1.66 12,822 13,000 12,238 12,130 11,920 11,000 1 1.08 9,000 0.73 0.64 0.62 0.5 7,000 5,000 0 02FY 03FY 04FY 05FY 06F

  13. Slide 13: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    12,151 5,980 6,171 11,775 5,805 5,969 3,790 1,837 1,953 3,571 1,794 1,777 1 3,192 1,563 1,629 3,064 1,541 1,522 3,623 1,764 1,859 3,452 1,716 1,737 <3,311> <1,621> <1,690> <3,160> <1,571> <1,589> 3,290 1,604 1,686 3,151 1,542 1,609 79.8 79.3 80.2 75.3 73.4 77.1 33.4 34.1 32.6 32.3 32.3 32.4 115 119

  14. Slide 14: 7,997 H19.10 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    7,948 ) 7,997 H19.10 7,799 3,900 3,899 7,936 3,890 4,046 5,125(65.7%) 4,952(62.4%) 6,279 3,153 3,126 6,463 3,169 3,294 2,508 1,318 1,190 2,809 1,387 1,422 3,771 1,835 1,936 3,654 1,782 1,872 603 301 302 575 282 293 1,443 684 759 1,374 667 707 1,520 747 773 1,473 721 752 103 53 50 129 67 62 6,448 3,4

  15. Slide 15: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    623 615 572 573 559 567 555 548 554 561 566 542 531 533 533 537 536 524 526 525 535 537 537 543 538 512 520 503 464 463 458 429 421 426 419 409 408 413 414 393 398 393 393 403 405 403 407 389 376 371 376 377 374 386 384 360 14 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  16. Slide 16: 02FY 02FY 03FY

    02FY 02FY 03FY 03FY 04FY 04FY 05FY 05FY 06FY 06FY 07FY 07FY 02FY 02FY 07FY 07FY 49.34 +18.6% +71.5% +19% +9.5% 64.43 +119 +19.6% +127.3% 7~8% 16% 101.83 +124 160.33 49.7 52.2 61.6 74.3 75.3 79.8 + 30.1[+60%] 15 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  17. Slide 17: /tUS$/t) (US$/t FOB)

    2008.4 / ( /tUS$/t) US$/ (US$/t FOB) 70 540 60 50 40 HS FAS 30 20 No1HMS478 10 0 16 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  18. Slide 18: US$/t t

    2008.4 US$/t 170 t 106.65$ 66.8$ 601.0$ (OPEC , US$/ , ) 24.3$ (PLATT'S JAPAN 380CST, US$/MT) 17 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  19. Slide 19: (US$/lb) (US$/t)

    2008.4 (US$/lb) (US$/t) 4.83$ HCFeMn LcFeCr (US$/lb) 3,002$ (US$/t) (US$/lb) Mn 3,950$ SiMn 2,425$ 13.34$ (US$/t) 2.00$ HcFeCr (US$/lb) (US$/t) 18 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  20. Slide 20: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    2003 2004 2005 2006 2007 1,600 1,840 1,850 1,805 2,050 1,833 2,700 1,925 3,100 2,440 1,200 1,340 1,400 1,299 1,650 1,306 2,000 1,342 2,300 1,749 3,100 2,700 2,050 1,850 1,600 19 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  21. Slide 21: Blast furnace capacity expansion

    2006 4 08 1 370 2007 2 4 300 4,650m3 5,443m3 793m3 2006 10 07 10 190 2009 4,884m3 5,775m3 891m3 2009 200 1 60 / 2009 100 200 / 2007 11 19 20 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  22. Slide 22: POSCO NIPPON STEEL RHF JV

    (Gr) 07 06 05 04 03 02 254 4 258 251 258 259 258 72 + 5 67 69 71 73 86 326 + 1 325 320 329 332 344 POSCO NIPPON STEEL RHF JV 2002 2007 21 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  23. Slide 23: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    ( ) 22 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  24. Slide 24: Key financial indicators

    03 04 05 06 29,258 33,893 39,063 43,021 48,269 1,728 3,714 5,474 5,976 5,641 ) 4,600 5,600 5,990 ROS 5.9 11.0 14.0% 13.9% 11.7 ) 11.8 13.0 13.3 ROA 5.3 10.1 12.4% 11.5% 11.2 9,385 11,884 16,778 18,928 19,087 15,612 12,822 12,238 12,130 11,920 D/E 1.66 1.08 0.73 0.64 0.62 37,059 38,721 45,427 53,449

  25. Slide 25: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    10 08.3 6,806,981 / 417,124 60 50 40 30 20 10 0 24 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  26. Slide 26: II

    II 25 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  27. Slide 27: < EPS 6.15 2003FY [DE

    / 19.5 29.4 2004 10 11 9 18.4 19.5 17.6 < 56.33 > < 54.28 > < 51.07 > 5 15.3 1970 35 < 32.73 > 1.5 < EPS 6.15 > < 25.15 > < 27.96 > 2003FY 2004FY 2005FY 2006FY 2007FY [DE 1.66] [1.08] [0.73] [0.64] [0.62] 26 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  28. Slide 28: III FY2008 forecast

    III 2009 3 1 2 27 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  29. Slide 29: CY07 CY08 CY10

    1,198 + 1,279 1,319 7,939 7,799 6,388 6,279 +9 721 756 663 2,566 2,508 444 489 3,822 3,771 398 632 603 1,443 1,443 1,521 1,520 CY07 CY08 CY10 108 103 6,803 6,448 1,900 1,820 1,170 1,180 898 840 28 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  30. Slide 30: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    08 07 54,000 26,000 48,269 23,163 5,731 2,837 3,500 1,300 5,455 2,644 1,955 1,344 3,700 1,300 5,641 2,840 1,941 641 2,000 900 3,531 1,684 1,531 784 2,100 700 3,546 1,764 1,449 1,064 < > <33.3> <11.1> <56.3> <28.0> < 23.0>> < 16.9> 29 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  31. Slide 31: A B Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    08 07 A B 54,000 3,500 6.5% 48,269 5,455 11.3% + 5,731 1,955 45,000 2,900 6.4% 39,945 4,759 11.9% + 5,055 1,859 3,800 210 5.5% 3,598 214 5.9% + 202 4 850 100 11.8% 938 126 13.4% 88 26 *1 *1 2,800 200 7.1% 2,890 210 7.3% 90 10 1,050 40 3.8% 761 5 0.7% + 289 + 35 1,700 160 9.4% 1,653 147 8.9% + 47 + 1

  32. Slide 32: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    31 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

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