Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — FY2004 Earnings Presentation
18 slides from Kawasaki Kisen Kaisha's earnings presentation, May 13, 2005
Slide 1: Financial Highlights: Brief Report for Yearly FY2004
Financial Highlights Brief Report for Yearly FY2004 13 May 2005 Kawasaki Kisen Kaisha, Ltd. 1
Slide 2: A. Financial Highlights for FY2004
A. Financial Highlights for FY2004 2
Slide 3: A-1. Financial Results for FY2004
A-1. Financial Results for FY2004 (unit: billion yen) FY2004 FY2003 Compariso FY2004 Comparison (results) (results) n(ratio) (Prospects*) Operating Consoli 828.4 724.7 103.7 14.3% 823.0 R e v e n u e s Non 658.7 585.0 73.7 12.6 % 654.0 Operating Consoli 108.1 70.5 37.5 53.2 % 109.0 i n c o m e Non 8
Slide 4: A-2. Key Points for FY2004 results
A-2. Key Points for FY 2004 results • Posted record Net Income for 3 consecutive years • Exceeded income targets set for FY2008 in our “K” LINE Vision 2008 • Drastic strengthening of financial constitution (Increase in shareholders' equity, Decrease in bearing interest liabilities) • Remarkable grow
Slide 5: A-3. Division-wise Results FY2004 (Container Business)
A-3. Trend of Division-wise Results FY2004 (for Container Business) Container: FY2004 results exceeded original prospects (Loaded cargo volume:2.28(’03F) =>2.46mil. TEU(’04F)(+7.9%) z Positive cargo volume in Asia-North America/Europe trades mainly from China z Increases in container volume carried
Slide 6: A-4. Division-wise Results FY2004 (Bulker & Car Carrier)
A-4. Trend of Division-wise Results FY2004 (for Bulker & Car Carrier Service) Bulker & Car Carrier : Drastic year-on-year increase in profits z Bulker : Enjoyed favorable market freight level Remarkable business expansion at every type of bulkers (Operating Tonnage : 141mil.tons (’03F) >>> 149 mil.
Slide 7: A-5. Division-wise Results FY2004 (Energy Transportation)
A-5. Trend of Division-wise Results FY2004 (for Energy Transportation) Energy Transportation : Drastic year-on-year increase in profits z LNG Carrier : Stable progress in each project (Operating Tonnage : 5.52 (’03F) >>> 5.32 mil. tons (’04F) (-3.6%)) z Thermal Coal Carrier : Newly built vessels >>>
Slide 8: A-6. Division-wise Results FY2004 (Consolidated Subsidiaries)
A-6. Trend of Division-wise Results FY2004 (for Consolidated Subsidiaries) • Short Sea/Coastal Shipping : Stable with efficient vessel deployment and cargo volume growth • Freight Forwarding / Harbor Transportation: Stable with container handling volume growth 8
Slide 9: B. Prospects for FY2005
It KLINE B. Prospects for FY 2005
Slide 10: B-1. Prospects for FY2005
B-1. Prospects for FY2005 (unit: billion yen) 05F1Q 05F1H 05F Yearly FY 2004 Yearly Compariso Prospects Prospects Prospects R e s u l t s Comparison n (ratio) Operating Consoli 215.0 450.0 900.0 828.4 +71.6 +8.6% Revenues Non 170.0 360.0 710.0 658.7 +51.3 +7.8% Operating Consoli 21.0 50.0 105.0 108.
Slide 11: B-2. Key Points for FY2005 prospects
B-2. Key Points for FY 2005 prospects • Operating Revenues : Remarkable growth on a year-on-year basis due to business expansion both Consolidated and Non-Consolidated • Consolidated Ordinary Profit* flat: Despite yen appreciation against U.S. dollar, bunker oil price up, charterage increase, profit
Slide 12: B-3. Trend of division-wise prospects for FY2005
B-3. Trend of division-wise prospects for FY2005 < Container Business > Positive cargo movement expected Negative factors: Bunker price staying high level, charterage hike, port congestion Measures: More operating cost reduction, more rationalization in service network =>Stable income expected < Bul
Slide 13: C-1. Cash Flows/Investment, and Major Financial Indices
C-1. Cash Flows/Investment, and Major Financial Indices (unit:billion yen) FY2003 FY2004 FY2005 [ Fleet delivered in 2004 ] total 8 Results Results Prospects Containerships 3(JOL) Cash Flows from 78.6 89.4 78.0 Woodchip Carrier 1 (JOL) Operating Activities (25.6) (24.6) (25.4) (Depreciation) Thermal
Slide 14: C-2. "K" Line Vision 2008 Numerical Targets
C-2. “K”Line Vision 2008 Numerical Targets 14
Slide 15: C-3. Fleet Scale Expansion
C-3. Fleet Scale Expansion (Unit: No. of Vessel) March 2009 Division March 2004 March 2005 Original Plan Containership 64 73 70 Bulk Carrier 125 135 149 Car Carrier (PCTC) 70 78 85 Energy Transportation* 55 59 102 Coastal Service/Ferry 47 45 55 Total 361 390 461 * incldg. co-owned LNG carriers New b
Slide 16: C-4. Cost Curtailing Campaign
C-4. Cost Curtailing Campaign Target for FY2005 : 5 Billion Yen (unit : billion yen) Cost saving items FY2004 FY2005 Vessel cost reduction 0.9 0.5 Various cargo charges reduction 2.1 1.8 Service rationalization 1.1 0.2 Subsidiary company's various cost reduction 1.2 1.0 Administrative cost reduction
Slide 17: C-5. Updated Status of "K" Line Vision 2008 -1
C-5. Updated Status of “K”Line Vision2008 Fundamental Assignments -1. Positive efforts for addressing strategic domain/areas (Container/Logistic Business) Place an order for 4 additional 8000TEU type containerships. (To be delivered ’08-’09) Establishment of agency and branch network in BRICS co
Slide 18: C-5. Updated Status of "K" Line Vision 2008 -2
C-5. Updated Status of “K”Line Vision2008 Fundamental Assignments -2. Efforts for spreading and rooting a cost curtailment campaign to the K”LINE Group as a gene of corporate • FY2004: Cost curtailment achievement is expected 7 billion yen, over the target for this year 5 billion yen (ref. slide 16)