Mitsui O.s.k.lines,ltd. · TSE:9104
Mitsui O.s.k.lines,ltd — Q1 2023 Earnings Presentation
18 slides from Mitsui O.s.k.lines,ltd's earnings presentation, Jul 31, 2023
Slide 1: Business Performance in FY2023-1st Quarter
Business Performance in FY2023-1st Quarter 2023/07/31 Mitsui O.S.K. Lines, Ltd.
Slide 2: Contents
1. FY2023-1st Quarter Results [Consolidated] P3-4 2. Outline of FY2023-1st Quarter Results [Consolidated] P5-6 3. FY2023 Full-year Forecast [Consolidated] P7-8 4. Key Points of FY2023 Forecast [Consolidated] P9-10 5. (Reference) Progress of BLUE ACTION 2035 P11 Contents 6. (Reference) BLUE ACTION 20
Slide 3: FY2023-1st Quarter Results [Consolidated]
1 FY2023-1st Quarter Results [Consolidated] FY2023 FY2022 FY2022 YoY (￥billion) Q1 Result Q1 Result Q4 Result Revenue 385.1 374.7 +10.4 354.0 Operating profit/loss 24.4 23.5 +0.8 12.4 Business profit/loss (*1) 58.1 266.3 -208.1 73.2 Ordinary profit/loss 90.3 284.1 -193.8 72.3 Income/loss before inco
Slide 4: FY2023-1st Quarter Results [By segment]
1 FY2023-1st Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss FY2023 FY2022 増減 (￥billion) Q1 Result Q1 Result Dry Bulk Business 95.4 105.2 -9.8 (excluding; Steaming Coal Carriers) 26.3 18.5 +7.8 Energy Business 101.6 85.6 +16.0 Tankers, Offshore Business, Steaming Coal Carr
Slide 5: Outline of FY2023-1st Quarter Results (I) [Consolidated]
2 Outline of FY2023-1st Quarter Results(I) [Consolidated] [Overall] Revenue: An increase of ¥10.4 billion year-on-year. Increase in profit due to favorable market of energy and car carrier businesses, as well as the effect of weaker yen during the period. Business profit / Ordinary profit / Prof
Slide 6: Outline of FY2023-1st Quarter Results (II) [Consolidated]
2 Outline of FY2023-1st Quarter Results(II) [Consolidated] Liquefied Gas LNG Carriers: Although some long-term contracts expired, profits increased by acquiring new contracts. FSRU: Completed the short-term contract in Singapore and started a new long-term project in Hong Kong, and profit rema
Slide 7: FY2023 Full-year Forecast [Consolidated]
3 FY2023 Full-year Forecast [Consolidated] *as of April 28, 2023 1st Half 2nd Half Full-year Previous Previous Previous Forecast Variance Forecast Variance Forecast Variance (￥billion) Q1 Result Q2 Forecast Forecast* Forecast* Forecast* Revenue 385.1 411.8 797.0 747.0 +50.0 733.0 743.0 -10.0 1,530.0
Slide 8: FY2023 Full-year Forecast [Consolidated] by segment
3 FY2023 Full-year Forecast [Consolidated] Upper Revenue(*1) Upper Revenue(*6) Lower Ordinary profit/loss Lower Ordinary profit/loss *as of April 28, 2023 1st Half 2nd Half Full-year Previous Previous Previous 1st Half 2nd Half Full-year (cf) FY2022 Results (*7) Q1 Q2 (￥billion) Q1 Q2 Forecast Forec
Slide 9: Key Points of FY2023 Forecast (I) [Consolidated]
4 Key Points of FY2023 Forecast (I) [Consolidated] [Overall] Business profit / Ordinary profit / Profit before tax: Decrease of ¥597.1 billion/¥591.5 billion/¥581.0 billion year-on-year) Revised from the previous announcement on April 28th -¥5.0 billion/+¥20.0 billion/+¥5.0 billion. Key points:
Slide 10: Key Points of FY2023 Forecast (II) [Consolidated]
4 Key Points of FY2023 Forecast (II) [Consolidated] Liquified Gas LNG carriers: By maintaining stable profit despite the completion of contracts of some existing vessels, expecting to secure the same level of profits year-on-year. FSRUs: Despite securing stable revenue from a new project in Ho
Slide 11: (Reference) Progress of BLUE ACTION 2035 Initiatives
5 (Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions ・MOL to Invest in and Conclude Business Alliance Agreement with MODEC, Inc. (2023-4-28) ・Daibiru Group Medium- to Long-Term Management Plan 2035 "BUILD NEXT." formulated (2023-5-22) ・Mitsui O.S.K. Lines Enters St
Slide 12: BLUE ACTION 2035 Core KPI FY2023 Forecast
6 BLUE ACTION 2035 Core KPI FY2023 Forecast FY2022 FY2023 Phase 1 Phase 2 Phase 3 KPI Results Forecast FY2025 FY2030 FY2035 Profit before tax (unit: JPY) 819 bil 260 bil 240 bil 340 bil 400 bil Financial KPI Net Gearing Ratio*1 1.01 0.84 0.9~1.0 ROE 49.8% 10.4% 9~10% GHG emissions intensity Enviro-
Slide 13: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2022 (Result) (US$/day) FY2022 Size 1st Half 2nd Half Full-year Market for vessels operated by Apr-Sep, 2022 Oct, 2022 - Mar, 2023 Average MOL and MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 21,600 13,700 17,700 15,000 9,100 12,100
Slide 14: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] １．FY2022 (Result) (US$/day) Vessel Type Trade FY2022 1st Half 2nd Half Full-year Market for vessels operated by MOL Jan-Jun, 2022 Jul-Dec, 2022 Average and its overseas subsidiaries Jan-Mar Apr-Jun Jul-Sep Oct-Dec Crude Oil Tanker Arabian Gulf - Far East
Slide 15: Containerized Freight Index (CCFI) [Supplement #3]
Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2022 (Result) (Jan 1, 1998=1,000) FY2022 1st Half 2nd Half Full-year Trade Apr-Sep, 2022 Oct, 2022 - Mar, 2023 Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 2,502 2,331 2,416 1,079 781 930 1,673 U.S. East Coast 2,796 2,844 2,820 1,74
Slide 16: Car Carrier Loading Volume [Supplement #4]
Car Carrier Loading Volume [Supplement #4] 1. FY2022 (Result) (1,000 units) FY2022 (Percentage of voyage completion basis / 1st Half 1st Half 2nd Half 2nd Half Total including voyage charter) Q1 Q2 Q3 Q4 Total (Includes Intra-European trade) 744 777 1,521 796 802 1,597 3,118 2. FY2023 (Result & Fore
Slide 17: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] 31-Mar, 2023 30-Jun, 2023 31-Mar, 2024 1,000dwt (Forecast) Capesize 80 85 16,914 83 Small and Panamax Handymax 31 49 36 56 2,979 3,076 39 62 Number of buildings and area owned by DAIBIRU medium-sized Handysize 35 28 869 33 bulkers Dry Bulk Busine
Slide 18: Mitsui O.S.K. Lines
MitsuiO.S.K.Lines