Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — FY2015 Earnings Presentation
34 slides from Kawasaki Kisen Kaisha's earnings presentation, April 2016
Slide 1: Supplementary Report FY2015 April 2016
Supplementary Report - FY2015 - April 2016 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Supplementary Data, Financial Data, Financial Data from 2010
1. Supplementary Data of Each Segment 2. Financial Data 3. Financial Data from 2010
Slide 3: 1. Supplementary Data of Each Segment
1. Supplementary Data of Each Segment
Slide 4: K Line Container Loading Volume and Load Factor
1-1. “K” Line Container Loading Volume and Load Factor 2012FY 2013FY 2014FY 2015FY Loading Volume 1H 2H 1H 2H 1H 2H 1H 2H (Unit 1,000TEU) FY FY FY FY 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Asia/N.America E/Bound 184 212 395 199 171 370 766 194 210 405 198 174 372 777 213 230 443 219 196 414
Slide 5: Operator/Alliance wise Capacity Comparison
1-2. Operator/Alliance wise Capacity Comparison Top 30 Container Carriers ranked by operating capacity as of April 2016 TOTAL Rank Operator TEU 1 APM-Maersk 3,028,409 2 Mediterranean Shg Co 2,669,556 3 CMA CGM Group 1,804,727 4 COSCO Container Lines 1,520,308 APM-Maersk 5 Evergreen Line 929,706 Medi
Slide 6: Container Volume & Share (Asia to North America)
1-3. “K” Line Container Volume & Share (Asia to North America 2001-2015) TPS EB KL Results 500,000 7.0% 450,000 6.0% 400,000 350,000 5.0% 300,000 4.0% Share TEU 250,000 3.0% 200,000 150,000 2.0% 100,000 1.0% 50,000 0 0.0% 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 200
Slide 7: Container Volume & Share (North America to Asia)
1-4. “K” Line Container Volume & Share (North America to Asia 2001-2015) TPS WB KL Results 250,000 7.0% 6.0% 200,000 5.0% 150,000 4.0% Share TEU 3.0% 100,000 2.0% 50,000 1.0% 0 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 201
Slide 8: Container Volume & Share (Asia to Europe)
1-5. “K” Line Container Volume & Share (Asia (ex.India) to Europe 2001-2015) AES WB KL Results 300,000 6.0% 250,000 5.0% 200,000 4.0% TEU Share 150,000 3.0% 100,000 2.0% 50,000 1.0% 0 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2
Slide 9: Container Volume & Share (Europe to Asia)
1-6. “K” Line Container Volume & Share (Europe to Asia (ex.India) 2001-2015) AES EB KL Results 200,000 6.0% 180,000 5.0% 160,000 140,000 4.0% 120,000 Share TEU 100,000 3.0% 80,000 2.0% 60,000 40,000 1.0% 20,000 0 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 20
Slide 10: Average Container Freight/Volume (2005F-2015F)
1-7. Average Container Freight/Volume （2005F-2015F） 9
Slide 11: Dry Bulk Market
1-8. Dry Bulk Market Dry Bulk Market (BDI) 10
Slide 12: Tanker Market
1-9. Tanker Market Tanker Market (VLCC AG/JPN) 11
Slide 13: Transported Volume by K Line PCTC Fleet
1-10. Transported Volume by “K” Line PCTC Fleet 12
Slide 14: K Line Vessel Fleet Composition
1-11. “K” Line Vessel Fleet Composition Heavy Lifter 2015 Mar : 17 2016 Mar : 15 Offshore Energy E&P Support Vessel 2015 Mar : 8 2016 Mar : 8 Note: The number of Energy Resource Transportations includes 23 LNG carriers owned by SPC of the projects. : The number of Offshore Energy E&P Support Vessels
Slide 15: K Line Container Vessel Fleet Composition
1-12. “K” Line Container Vessel Fleet Composition 2015 Mar 2016 Mar K 14,000TEU 1 5 K 8,000TEU (8,600~8,200) 13 13 K 5,500TEU (6,300~5,500) 20 13 K 4,200TEU（4,800~4,200） 28 19 K 1,700TEU（2,500~1,700） 15 15 K 1,200TEU (1,200~680) 3 3 300m 200m 100m 0m Total 80 68 14
Slide 16: K Line Bulk Carrier Fleet Composition
1-13. “K” Line Bulk Carrier Fleet Composition 15
Slide 17: K Line PCTC Vessel Fleet Composition
1-14. “K” Line PCTC Vessel Fleet Composition 2015 Mar 2016 Mar 7,000Units～ 7 46 46 6,000~6,999Units 15 14 5,000~5,999Units 18 15 4,000~4,999Units 8 6 3,000~3,999Units 6 6 2,000~2,999Units 9 8 ～2,000Units 200m 100m 0m Total 102 102 16
Slide 18: Energy Resource Transportation, Offshore Support & Heavy Lifter Fleet
1-15. “K” Line Energy Resource Transportation, Offshore Energy E&P Support & Heavy Lifter Fleet Composition Drillship 2015 Mar: 1 2016 Mar : 1 Tanker/CHEMICAL 2015 Mar : 3 2016 Mar : 3 Note: The number of LNG Carriers includes 23 carriers owned by SPC of the projects. : The Drillship is owned by SPC
Slide 19: Fleet Upgrading Plan
1-16. Fleet Upgrading Plan New buildings delivery schedule during FY2015-2018 2015FY 2016FY 2017FY 2018FY Already delivered To be delivered To be delivered To be delivered Containership 4 0 1 4 14000TEU 4 1 4 Dry Bulk 11 3 9 7 Capesize 1 3 4 Panamax 5 1 1 Handymax 3 2 Smallhandy 1 1 Chip/Pulp 1 Coro
Slide 20: K Line Vessel Fleet Composition
1-17. “K” Line Vessel Fleet Composition 2016 Mar 2015 Mar Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No. DWT(MT) No. DWT(MT) Containerships 7 460,448 61 3,973,613 68 4,434,061 80 4,842,646 Dry Bulk Carriers 68 7,782,546 199 21,443,995 267 29,226,541 261 29,548,035 Car Carrier
Slide 21: 2. Financial Data
KY K WME KAWASAKI KISEN KAISHA, LTD. 2. Financial Data
Slide 22: Transition of Operating Revenues
2-1. Transition of Operating Revenues 21
Slide 23: Breakdown on Non-Operating, Extra-Ordinary Items (2015F)
2-2. Breakdown on Non-Operating, Extra-Ordinary Items (2015F) 1.Non-Operating Income/Loss （billion yen） 1H 2H Total Consolidated Total △ 2.8 △ 3.3 △ 6.1 Financial Gain/Loss △ 2.0 △ 1.1 △ 3.1 Equity in Earnings of Affiliated Companies 1.2 2.4 3.6 Exchange Gain/Loss △ 2.1 △ 5.3 △ 7.4 Others 0.1 0.7 0.
Slide 24: 3. Financial Data from 2010
KY K MMMM KAWASAKI KISEN KAISHA, LTD. 3. Financial Data from 2010
Slide 25: Consolidated Revenues & Incomes
3-1. Consolidated Revenues & Incomes 24
Slide 26: Consolidated Total Assets/Shareholders' Equity
3-2. Consolidated Total Assets/Shareholders’ Equity 25
Slide 27: Consolidated ROE / ROA
3-3. Consolidated ROE / ROA 26
Slide 28: Consolidated EV/EBITDA
3-4. Consolidated EV/EBITDA 27
Slide 29: Consolidated Assets Turnover
3-5. Consolidated Assets Turnover 28
Slide 30: Consolidated Ordinary Income on Revenues / Total Assets
3-6. Consolidated Ordinary Income on Revenues / Ordinary Income on Total Assets 29
Slide 31: Consolidated Interest Coverage Ratio
3-7. Consolidated Interest Coverage Ratio 30
Slide 32: Consolidated Net Income / Operating Cash Flow
3-8. Consolidated Net Income / Operating Cash Flow 31
Slide 33: Consolidated Segment Information
3-9. Consolidated Segment Information （ （million yen） （million yen） 10F 11F 12F 13F 14F 15F Operating Revenues Operating Revenues Containership Business 444,971 395,460 Containership Business 552,810 582,398 677,428 622,962 Bulk Shipping Business 447,111 463,507 Bulk Shipping Business 502,571 572,68
Slide 34: Non-Consolidated Financial Data
3-10. Non-Consolidated Financial Data （million yen） 10F 11F 12F 13F 14F 15F Operating Revenues 772,321 737,994 834,217 954,427 1,060,231 987,112 Containership Business 419,248 373,938 434,172 478,657 558,325 504,904 Bulk Shipping Business 305,522 323,664 364,860 438,720 462,329 431,498 Energy Transp