Orient Overseas (international) Limited · HKEX:316
Orient Overseas (international) — FY2023 Earnings Presentation
23 slides from Orient Overseas (international)'s earnings presentation, March 2024
Slide 1: 2023 Annual Results
2023 Annual Results 2023 年全年業績
Slide 2: Disclaimer
DISCLAIMER 免責聲明 請注意： Please note that: (1) The information/contents herein includes both data provided from Orient Overseas (International) Limited (“OOIL”) and its (1) 本文件所載的信息/內容包括由東方海外（國際）有限公司（“東方海外國際”）及其關聯公司提供的數 affiliates and data obtained from relevant third-party information provider(s). Such
Slide 3: Highlights
HIGHLIGHTS 亮點 Dividend Sustainability 股息 可持續發展 Final: US$0.145/share Carbon Neutral by 2050 末期股息每股0.145美元 2050碳中和 Second Special: US$0.036/share CII - No immediate improvement plans required 特别股息每股0.036美元 CII評級顯示無船舶需要提交改進計劃 30-50% target payout ratio for 2024-2026 Industry Digitalisation 2024-2026年目
Slide 4: Recap
Recap 回顧 4
Slide 5: Recap
Recap 回顧 Market normalizing for the first three quarters 前三季度，運價持續回落，市場回歸常態 Economy recover slower than expected 經濟重啟不如預期 Interest rates remain high 利率攀升居高不下 Proportion of consumer service spending increased 服務消費比例上升 Inventory strategy resulting delay in demand 庫存策略延緩需求 Effective capacity released a
Slide 6: Key Metrics
KEY METRICS 關鍵指標 Net Profit (US$ B) Core Business EBIT Margin (%) Operating Cash Flow (US$ B) 淨溢利（十億美元） 核心業務息稅前溢利率 營運現金流（十億美元） 11.3 10.0 51.0 17.1 1.4 0.6 2022 2023 2022 2023 2022 2023 Cash (US$ B) Net Cash to Equity Ratio Total Debt (US$ B) 現金（十億美元） 淨現金與權益比率 債務總額（十億美元） 11.2 2.1 0.68 6.7 1.4 0.47 20
Slide 7: Container Transport (Excluding Logistics)
CONTAINER TRANSPORT (EXCLUDING LOGISTICS) 貨櫃運輸（不包括物流） 2023 2022 Change 二零二三年 二零二二年 變動 Liftings ('000 TEU) 7,338 7,129 3% 載貨量（千個標準箱） Freight Revenue (US$ M) 7,536 18,672 60% 運費收入（美元百萬） Freight Revenue Per TEU (US$) 1,027 2,619 61% 每個標準箱平均運費收入（美元） Load Factor (%) 81.3 85.3 4% pt 運載率（%） Net Operating C
Slide 8: Group Results Breakdown
GROUP RESULTS BREAKDOWN 集團業績明細 (US$ M) 31 Dec 2023 31 Dec 2022 (百萬美元) 截至2023年12月31日止年度 截至2022年12月31日止年度 Container Transportation and Logistics – EBIT 1,421.1 10,100.0 貨櫃運輸及物流 - 息稅前溢利 Container Transportation and Logistics – EBIT margin 17.1% 51.0% 貨櫃運輸及物流 - 息稅前溢利率 Property and Investments – LBIT (12
Slide 9: Operating Costs 2023
OPERATING COSTS 2023 二零二三年營運成本 2023 / 2022 Change Per TEU 2023 Proportion 二零二三年/ 每個標準箱 佔二零二三年比例 二零二二年之變動 Total Cost -23% 100% 總成本 Cargo Costs -32% 39% 貨物處理成本 Equipment and Repositioning Costs -11% 13% 貨櫃成本及空箱回流費用 Vessel and Voyage Costs (Excluding Bunker Costs) -16% 30% 船舶及航程費用（除燃油成本外） Bunker Costs
Slide 10: Group Balance Sheet Highlights
GROUP BALANCE SHEET HIGHLIGHTS 集團資產負債表摘要 (US$ M) 31 Dec 2023 31 Dec 2022 (百萬美元) 2023年12月31日 2022年12月31日 Non-Current Assets 7,919 7,705 非流動資產 Current Assets 7,690 12,330 流動資產 Total Assets 15,609 20,035 總資產 Non-Current Liabilities 2,027 2,455 非流動負債 Current Liabilities 2,372 4,141 流動負債 Total Liabilitie
Slide 11: Net Cash
NET CASH 淨現金 (US$ M) 31 Dec 2023 31 Dec 2022 (百萬美元) 2023年12月31日 2022年12月31日 Cash and Bank Balances 6,722 11,214 現金及銀行結餘 Total Debt 1,438 2,080 債務總額 Net Cash 5,284 9,134 淨現金 11
Slide 12: Industry Trade Volume (2023)
INDUSTRY TRADE VOLUME 行業貿易額（2023） Trade Route 2023 / 2022 2022 / 2021 2021 / 2020 航線 Trans-Pacific EB (10.3%) 4.3% 18.9% 太平洋東行航線 Asia-Europe WB 7.7% (9.8%) 8.2% 亞洲／歐洲西行航線 Intra-Asia (3.2%) (1.3%) 9.0% 亞洲區內航線 Trans-Atlantic WB (12.8%) (0.2%) 14.3% 大西洋西行航線 Sources: Datamyne and CTS 12
Slide 13: Industry Trade Volume (2023)
INDUSTRY TRADE VOLUME 行業貿易額（2023） Trans-Pacific EB Asia / Europe WB Intra-Asia Trans-Atlantic WB 太平洋東行航線 亞洲／歐洲西行航線 亞洲區內航線 大西洋西行航線 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 JAN 一月 (15.6%) 0.7% 16.0% (12.0%) 4.2% (4.0%) (13.4%) 7.2% 8.8% 0.8% 3.2% 10.8% FEB 二月 (27.3%) 11.9% 29.7% (10
Slide 14: Bunker Price
US$ 1,000 1,200 200 400 600 800 - 美元 2019-01-01 2019-02-01 2019-03-01 2019-04-01 2019-05-01 2019-06-01 2019-07-01 2019-08-01 2019-09-01 2019-10-01 2019-11-01 2019-12-01 2020-01-01 2020-02-01 2020-03-01 2020-04-01 2020-05-01 2020-06-01 2020-07-01 2020-08-01 Sing 380c St (M) 高硫油（新加坡） 2020-09-01 2020-1
Slide 15: Shanghai Containerized Freight Index
US$ 美元 0 1,000 2,000 3,000 4,000 5,000 2010-01 2010-03 2010-05 2010-07 1364 2010-09 2010-11 2011-01 2011-03 2011-05 2011-07 2011-09 1006 2011-11 2012-01 2012-03 2012-05 2012-07 1254 2012-09 2012-11 2013-01 2013-03 2013-05 2013-07 1078 2013-09 2013-11 2014-01 2014-03 2014-05 2014-07 2014-09 1074 2014
Slide 16: Outlook
Outlook Be” es MARA
Slide 17: Outlook
OUTLOOK 展望 Market temporarily in a new normal 市場暫時進入新常態 Red Sea situation has yet to be resolved 紅海局勢暫未出現緩和跡象 Post peak, delivery of vessels, pressure on freight rates 旺季過後，運力持續交付，運價承壓 Challenges ahead for the market 未來市場日趨嚴峻複雜 Economic situation remains to be seen 經濟形勢待觀望 Tighter regulations 行業監管日趨
Slide 18: Annual Capacity Growth
ANNUAL CAPACITY GROWTH 每年運載力增長 12% 10% 9.7% 8.6% 8.2% 8% 6.3% 5.8% 6% 5.2% 4.5% 4.0% 4.1% 3.8% 4% 2.9% 1.8% 2% 0% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Actual Capacity Growth (Net) Projected New Capacity Growth (Gross) Source 資料來源: 實際增長（淨） Alphaliner Monthly Monitor (Mar 2024)
Slide 19: Scrapping
SCRAPPING 報廢船舶 Source: Alphaliner (Mar 2024 Monthly Monitor) 19
Slide 20: Orderbook-to-Fleet Ratio
ORDERBOOK-TO-FLEET RATIO 訂單佔船隊比率 Source: Alphaliner (Mar 2024 Monthly Monitor) 20
Slide 21: OOCL's Chartered Fleet
OOCL'S CHARTERED FLEET 東方海外租賃船舶 Chartered Fleet (As of 1 Jan 2024) TEU 租賃船隊 (截至 2024 年 1 月 1 日 ) Ships 標準箱 船舶 250,000 30 25 200,000 20 150,000 15 100,000 10 50,000 5 - 0 Expire within 6 months Expire between 6 to 12 months Expire between 1 to 2 years 6個月內到期 6-12個月到期 1-2年到期 TEU 標準箱 Number of Ships 船舶
Slide 22: Conclusion
CONCLUSION 總結 Successfully responded to market pressure, achieving 成功應對市場回調壓力，取得驕人業績 impressive results Future full of challenges, geopolitical tensions adding 未來市場充滿挑戰，地緣政治增加不確定性 uncertainties Emphasis on digitalization and optimize 大力發展航運數位化，做優綜合供應鏈服務 comprehensive supply chain services Embrace co
Slide 23: Thank you
Diolch Multumesc Paldies! Faleminderit 23
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