Evergreen Marine Corp. (taiwan) Ltd. · TWSE:2603
Evergreen Marine Corp. (taiwan) — Investor Presentation (2020)
24 slides from Evergreen Marine Corp. (taiwan)'s investor presentation, 2020
Slide 1: Evergreen Marine Corp. 2020 Investor Conference
Evergreen Marine Corp. 2020 Investor Conference TSE: 2603 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 upda
Slide 3: Outline
Outline 1. Company Overview 2. Financial Results 3. Container Shipping Outlook 4. Business Strategy 3
Slide 4: Company Overview
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Slide 5: Our Position
Our Position 192 7 5.4% 56% 61 Total Fleet Number Capacity Ranking Capacity Market Share Owned Fleet Percentage Fleets on Order book 1,231,740 TEU 117 Countries 150+Strings 250+ 320 Operational Capacity Global coverage Weekly services Terminal serving Global Offices and Agency 5
Slide 6: How Unpredictable is The 2020
How Unpredictable is The 2020 Global Outbreak of New Coronary Pneumonia Epic drop in fuel prices Unpredictable 2020 Global trade instability increasing Cities Locked-down to reduce the possibility of infection End of U.S.-China trade war? U.S.-European trade dispute? Regional political instability G
Slide 7: Financial Results
CORPORATION (TAIWAN) LTD. AND SUBSIDIARIES Unappropriated retained 4,985,031 4.985.031 Financial Results
Slide 8: Highlights
Consolidated Income Statement 2020 UNIT：NT$ Million OPERATING REVENUE Container construction revenue, 1% 項目 2020Q1 Others, 7% Highlights Operating Revenue 43,475.26 Agency fees/ Operating Cost (40,525.05) commissions, 2% Gross Profit (Loss) 2,950.21 Slottage Income, Operating Income (Loss) 496.41 1%
Slide 9: Highlights
Operating Income Net Income Margin Gross Profit Margin NT $ 100 Millions 499 Highlights 492 500 471 479 10.00% 449 457 450 435 8.00% 400 383 368 6.00% 350 4.00% 300 250 2.00% 200 0.00% 150 -2.00% 100 -4.00% 50 0 -6.00% 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 9
Slide 10: Highlights
850 790 791 80 769 764 750 Highlights 704 750 70 650 58 60 56 550 54 53 51 496 450 483 451 50 47 350 368 40 279 250 244 30 150 20 50 -50 202001 202002 202003 202004 202005 202006 10 Volume(10 thousand TEU) AVG FRT(USD/TEU) Fuel Price(USD/Ton) 10
Slide 11: Industry Outlook
Industry Outlook 11
Slide 12: After post-epidemic era
After post-epidemic era Uncertainty of demand due to epidemic situation Anti-globalization, populism, rise of protectionism The rise of the regional economy Supply chain De-sinicization New habits in the post-epidemic era Work from Container transportation is essential Home 12
Slide 13: Unemployment Ratio
16.0% 14.0% 2010-2020 & 2021 Forecast Unemployment Ratio 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% CAN DEU JPN GBR USA 0.0% Jan-10 Jun-10 Nov-10 Apr-11 Sep-11 Feb-12 Jul-12 Dec-12 May-13 Oct-13 Mar-14 Aug-14 Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Jan-20 Q3-20 Q4-21
Slide 14: Fleet Capacity
FLEET CAPACITY BREAKDOWN BY TEU SIZE RANGE Slowing international demand accelerates Small Feeder 3% the adjustment of capacity Feedermax Feeder Ultra Large Container Vessel (ULCV) 7% 8% 13% New Panamax (or Neopanamax) Panamax 23% 16% Market Indication Fleet Capacity Post-Panamax 30% All cellular shi
Slide 15: Global Capacity
Market Indication Global Capacity Inactive containership around 11.6% of total fleet at 25 May 2020 15
Slide 16: Business Strategy
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Slide 17: Fleet by Suitable rearrangement
Fleet by Suitable rearrangement G Type 20K & F/T Type L Type B Type O Type C Type 23K New Build 12-14 K TEU 9.5K TEU 2.8K TEU 2.4K TEU 1.8K TEU GREEN SHIP GREEN SHIP GREEN SHIP GREEN SHIP GREEN SHIP GREEN SHIP Order book Order book Order book Order book Asia-Europe Trade All Water Services Global Co
Slide 18: Liquid Fuels Historical Price
Market Indication Liquid Fuels Historical Price Marine Bunker Historical Price IFO 380 LSFO Price of Liquefied U.S. Natural Gas Exports (Dollars per Thousand Cubic Feet) 150.00 Brent crude oil prices 800.00 12.00 West Texas Intermediate Crude Oil 130.00 722.84 700.00 698.78 674.42 658.18 10.00 651.1
Slide 19: Sulfide Emission Reduction Solutions
Sulfide Emission Reduction Solutions Desulfurization equipment meets new regulations the open desulfurizer is certified by CSA (Clean Shipping Alliance), the Danish Environmental Protection Agency and the Ministry of Land, Infrastructure, Transport and Tourism of Japan. No matter short-term or long-
Slide 20: Fuel consumption and performance of a new generation of environmentally friendly ships
Fuel consumption and performance of a new generation of environmentally friendly ships CO2 Emission SOx Emission NOx Emission 120 2.5 3.5 103.79 g/teu- 3.047 g/teu- 100 97.42 g/teu-km 1.975 3 90.14 2 1.867 km km 83.54 82.18 2.531 79.85 1.687 80 72.36 2.5 1.43 1.485 64.4 64.03 62 63.2 62.14 61.46 1.5
Slide 21: Ratio of high sulfur oil consumption to low sulfur oil consumption
Ratio of high sulfur oil consumption to low sulfur oil consumption 100.0% 85.0% 50.3% 45.4% 44.4% 43.5% 70.0% 58.4% 55.4% 53.8% 54.9% 56.5% 70.5% 67.4% 65.4% 55.0% 40.0% 25.0% 49.7% 54.6% 55.6% 56.5% 41.6% 44.6% 46.2% 45.1% 43.5% 29.5% 32.6% 34.6% 10.0% -5.0% 202001 202002 202003 202004 202005 20200
Slide 22: Digitalization Intelligence Customer Experience
Intelligence Shipping Industrial Technology Fleet Standardization ResearchInstitute Arrangement Digitalization Intelligence GREENX ShipmentLink Paperless Doc Customer Experience Sharing economy Experience economy LEO GPS Container Big Data Blockchain FINTECH application Analysis ioT Internet of Thin
Slide 23: Environmental Protection Sustainable Development
Environmental Protection Sustainable Development Be friends with the earth Environmental Ship Index (ESI) 23
Slide 24: Thank you
Thank you 24
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