Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — FY2015 Earnings Presentation
34 slides from Kawasaki Kisen Kaisha's earnings presentation, October 2015
Slide 1: Supplementary Report FY2015
Supplementary Report - FY2015 - October 2015 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Agenda
1. Shipping Markets 2. Financial Data 3. Historical Data - For 6 Years -
Slide 3: Supplementary Information 1 - Shipping Markets
Supplementary Information -1 - Shipping Markets-
Slide 4: K Line Container Loading Volume and Load Factor
1-1. “K” Line Container Loading Volume and Load Factor 2012FY 2013FY 2014FY 2015FY 1H 2H 1H 2H 1H 2H 1H Loading Volume FY FY FY 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q (Unit 1,000TEU) Asia/America E/Bound 184 212 395 199 171 370 766 194 210 405 198 174 372 777 213 230 443 219 196 414 858 243 248 4
Slide 5: Line/Alliance wise Vessel/Capacity Comparison
1-2. Line/Alliance wise Vessel/Capacity Comparison Top 30 Container Carriers ranked by operating capacity as of October 2015 TOTAL Rank Operator TEU 1 APM-Maersk 3,044,723 2 Mediterranean Shg Co 2,672,665 3 CMA CGM Group 1,823,133 4 Evergreen Line 952,087 5 Hapag-Lloyd 923,729 APM-Maersk 6 COSCO Con
Slide 6: Container Volume & Share (Asia to North America)
1-3. “K” Line Container Volume & Share (Asia to North America ’01-’15) 5
Slide 7: Container Volume & Share (North America to Asia)
1-4. “K” Line Container Volume & Share (North America to Asia ’01-’15 ) 6
Slide 8: Container Volume & Share (Asia to Europe)
1-5. “K” Line Container Volume & Share (Asia (ex.India) to Europe ’01-’15, ) 7
Slide 9: Container Volume & Share (Europe to Asia)
1-6. “K” Line Container Volume & Share (Europe to Asia (ex.India) ’01-’15 ) 8
Slide 10: Trend of Average Container Freight/Volume
1-7. Trend of 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: Cars / Trucks Transported by K Line PCTC Fleet
1-10. Transition of Cars / Trucks Transported by “K” Line PCTC Fleet 12
Slide 14: K Line Vessel Fleet Composition
1-11. “K” Line Vessel Fleet Composition Total 584 Total 586 600 Coastal/Ferry, 49 Coastal/Ferry, 51 Heavy Lifters 2015 Mar 17ships 500 Energy Resource, 66 2015 Sep 16ships Energy Resource, 67 Offshore Energy E&P Support Ships 400 PCTC, 102 PCTC, 102 2015 Mar 8ships 2015 Sep 8ships 300 Bulk Carrier,
Slide 15: K Line Container Vessel Fleet Composition
1-12. “K” Line Container Vessel Fleet Composition 2015 Mar 2015 Sep K 14,000TEU 1 4 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 22 K 1,700TEU（2,500~1,700） 15 15 K 1,200TEU (1,200~680) 3 3 300m 200m 100m 0m Total 80 70 14
Slide 16: K Line Bulk Carrier Fleet Composition
1-13. “K” Line Bulk Carrier Fleet Composition 300 Total 261 Total 273 280 Chip + Pulp 9 260 Chip + Pulp 10 Small Handy 22 240 Small Handy 26 220 Handymax 43 200 Handymax 44 180 160 Panamax 69 Panamax 55 140 120 Over Panamax 30 Over Panamax 27 100 80 60 Capesize 99 Capesize 100 40 20 0 2015 Mar 2015
Slide 17: K Line PCTC Vessel Fleet Composition
1-14. “K” Line PCTC Vessel Fleet Composition 2015 Mar 2015 Sep 7,000 units over 3 46 46 6,000~6,999 units 15 14 5,000~5,999 units 18 18 4,000~4,999 units 8 6 3,000~3,999 units 6 6 2,000~2,999 units 9 9 2,000 units under 200m 100m 0m Total 102 102 16
Slide 18: Energy Resource Transportation, Offshore Energy & Heavy Lifter Fleet
1-15. “K” Line Energy Resource Transportation, Offshore Energy E&P Support & Heavy Lifter Fleet Composition Drillship 2015 Mar 1 2015 Sep 1 Tanker/CHEMICAL 2015 Mar 3 2015 Sep 3 2015 SEP Note: The number of Energy Resource Transportation includes 23 vessels owned by SPC of the projects (23 LNG Carri
Slide 19: Fleet Upgrading Plan
1-16. Fleet Upgrading Plan 2015F 2016F 2017F 2018F <Fleet Upgrading Plan> Already To be delivered To be To be To be delivered by 2Q delivered delivered delivered No. of New buildings during FY2015-2018 Containership 4 3 0 0 5 *Including vessels to be chartered from ship 14000TEU 4 3 5 Dry Bulkers 11
Slide 20: K Line Group Composition of Fleet
1-17. “K” Line Group Composition of Fleet 2015 Sep 2015 Mar Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No. DWT(MT) No. DWT(MT) Contianerships 7 460,448 63 3,986,181 70 4,446,629 80 4,842,646 Dry Bulk Carriers 69 7,874,180 204 23,047,103 273 30,921,283 261 29,548,035 Car Carri
Slide 21: Supplementary Information 2 - Financial Data
Supplementary Information-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
2-2. Breakdown on Non-Operating, Extra-Ordinary Items (2015F) 1.Non-Operating Income/Loss (billion （Billionyen) Yen） 1Q 2Q 1H Consolidated Total 3.3 △ 6.1 △ 2.8 Financial Gain/Loss △ 0.6 △ 1.4 △ 2.0 Equity in Earnings of Affiliated Companies 0.5 0.7 1.2 Exchange Gain/Loss 3.2 △ 5.3 △ 2.1 Others 0.2
Slide 24: Supplemental Information 3 - Historical Data For 6 Years
Supplemental Information -3 Historical Data - For 6 Years -
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: 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 （Unit: millionyen） yen） （million yen） 09F 10F 11F Operating Revenues Operating Revenues Marine Transportation 729,683 Containership Business 444,971 395,460 Freight Forwarding / Bulk Shipping Business 447,111 463,507 87,918 Harbor Transportation Other
Slide 34: Non-Consolidated Financial Data
3-10. Non-Consolidated Financial Data (million yen） 09F 10F 11F 12F 13F 14F Operating Revenues 631,747 772,321 737,994 834,217 954,427 1,060,231 Container 332,649 419,248 373,938 434,172 478,657 558,325 Bulk Carrier & Car Carrier 254,442 305,522 323,664 364,860 438,720 462,329 Energy Transportaion 4