Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2023 Investor Conference
22 slides from Yang Ming Marine Transport's conference presentation, Dec 4, 2023
Slide 1: Yang Ming Marine Transport Corp. 2023 Investor Conference
Yang Ming Marine Transport Corp. 2023 Investor Conference 2023.12.04 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 Yang Ming Marine Corp. (the “Company”) undertakes no obligation to publicly upda
Slide 3: Outline
Outline 1、 Container Shipping Overview 2、 Business Information 3、 Financial Results 4、 Operational Future Prospects 3
Slide 4: Container Shipping Overview
Container Shipping Overview 4
Slide 5: Economic Outlook
Economic Outlook • IMF reiterated global growth forecast of 3% this year, and nudged its 2024 forecast lower by 0.1% to 2.9%. • After visiting to China this November, IMF has raised its forecasts for China’s economic growth to grow at 5.4% in 2023, but growth is expected to slow in 2024 to 4.6%. Wor
Slide 6: Supply and Demand
Supply and Demand Drewry, Alphaliner and Clarksons research forecast supply will exceed demand from 2023 to 2024. 2022 2023(F) 2024(F) Supply 4.2% 7.1% (7.2%) 6.5% (6.5%) Drewry Demand 0.5% -0.2% (0.3%) 2.0% (2.6%) Supply 4.1% 8.4% (8.2%) 9.1% (9.0%) Alphaliner Demand 0.1% 1.4% (1.4%) 2.2% (2.2%) Su
Slide 7: Marine Fuel Oil Price Outlook
Marine Fuel Oil Price Outlook Brent Crude (USD/ Barrel) forecast by finance service industry and EIA： 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 Update Date Standard Chartered $93 $92 $94 $98 $106 2023/10/30 Bank Morgan Stanley $83 $80 $80 $80 $80 2023/08/24 Goldman Sachs Group $92 $94 $98 $100 $100 20
Slide 8: Business Information
Business Information 8
Slide 9: The Proportion of Consolidated Operating Income
The Proportion of Consolidated Operating Income ★AWE、PSW 、PNW ★Intra-East Asia ★Middle East, Red sea, South America, Australia, ★NCP、MED、TA、IEU South Asia Data interval:202301~202309 9
Slide 10: Lifting Volume Analysis
Lifting Volume Analysis- Lifting Volume in Year 202301~09 decreased by 0.3% YOY FY202301~09：3.46 million TEU FY202201~09：3.45 million TEU 10
Slide 11: Capacity Ranking
Capacity Ranking As of October 2023, Yang Ming's fleet capacity is ranked 9th in the world. Source: Alphaliner, October 2023 11
Slide 12: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relatively balanced on trade capacity ◼ Three Major Alliances account ◼ As to East-West Market share for 84% of market share, very (weekly capacity), THE alliance identical since Q1-2023. increased in most trades except ◼ 2M+ZIM and OA remain Top for Eur-N.AM (29
Slide 13: Financial Results
Financial Results 14
Slide 14: Proportion of Consolidated Operating Revenue of Yang Ming Group
The Proportion of Consolidated Operating Revenue of Yang Ming Group Logistics Bulk Shipping Container Shipping Stevedoring 3.7% 2.8% 93.3% 0.2% 14
Slide 15: Consolidated Operating Income, Gross Profit Margin and Net Income Margin
Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin Data interval: 2019Q1~2023Q3 15
Slide 16: Consolidated Income Statement
Consolidated Income Statement Unit：NT$ Million FY2023 Items 01~09 Operating Revenue 107,901 Gross Profit 7,578 Operating Income(Loss) 1,685 Net Income(Loss) 6,329 Profit(Loss),attribute to owners of the parent 6,078 EPS 1.74 16
Slide 17: Fuel price and Average FRT
Fuel price and Average FRT Unit： Unit： USD/TON USD/TEU 750 2,300 2,129 698 2,100 691 700 664 1,900 652 650 624 1,700 1,591 602 604 600 1,500 565 561 1,312 558 545 547 1,300 550 1,088 1,100 1,024 500 908 900 838 817 810 807 769 775 450 700 400 500 Fuel Price(TON) AVG FRT(TEU) 17
Slide 18: Structure of Shareholders
Structure of Shareholders The latest closing date was Jul 10,2023 18
Slide 19: Operational Future Prospects
Operational Future Prospects 20
Slide 20: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to Nov. 2023, there are 94 vessels in Yang Ming’s fleet, with total capacity around 707,000 TEUs Vessel(s) TTL Capacity(TEU) 2022-2024 Own Vessels/Chartered-in Vessels / TTL Capacity 100 750,000 Own 715,000 vessels 80 707,000 707,000 700,000 60 40 40
Slide 21: Future Prospects
Future Prospects The global shipping market continues to be affected by overcapacity, high inventory, international geopolitical tension and the decline of purchasing power due to high 2024: Q1-Q2 inflation. The cargo rush before Chinese lunar year is still uncertain, depending on the recovery of co
Slide 22: Q&A
Q&A 24
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