Korea Line Corporation · KRX:005880
Korea Line — Q4 2023 Earnings Presentation
20 slides from Korea Line's earnings presentation, 2024
Slide 1: Korea Line Corporation Investor Presentation 4Q23
KOREA LINE CORPORATION Investor Presentation 4Q23
Slide 2: Disclaimer
DISCLAIMER The financial information contained herein has been duly made subject to K-IFRS. The information contained in this material is for general purpose on matters of interest only, and it is strictly prohibited to use, distribute and/or copy all or any parts of the material without the prior c
Slide 3: Contents
CONTENTS Ⅰ. Company Overview Ⅱ. Business Performance Ⅲ. Appendix
Slide 4: Company Overview
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 1. Company Overview □ Corporate Profile □ Status of Consolidated Subsidiaries Name KOREA LINE CORPORATION Subsidiary Corporation Name Main Business KLC Share(%) Share(%) Founded 12th Dec. 1968 Korea Line LNG Co., Ltd. Shipping Industry 100.00 -
Slide 5: Company Overview - History
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 1. Company Overview - History 1984 2018 The birth of KLC Signed a CVC for two VLCCs with S-OIL Group based on the and GS CALTEX, respectively shipping 2007 Signed a COA for two VLOCs with rationalization policy A total of 16 orders were placed,
Slide 6: KLC and KL LNG Owned Fleet List
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 1. Company Overview – KLC and KL LNG Owned Fleet List □ Total : 50 vessels (KLC 32 vessels 4,845,694 DWT / KL LNG 18 vessels 2,181,523 CBM) Categories Vessel Name Built DWT Categories Vessel Name Built DWT SM PUMA 2016 206,93
Slide 7: KSC and CM Owned Fleet List
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 1. Company Overview – KSC and CM Owned Fleet List □ KSC Total : 13 vessels (1,296,351 DWT) Categories Vessel Name Built DWT Categories Built DWT YOUNGHEUNG 2010 179,221 SM NEWCASTLE 2010 179,194 SM SAMARINDA 2010 93,328 SM GL
Slide 8: Consolidated Basis Quarterly Business Performance
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. Consolidated Basis Quarterly Business Performance ■ Sales ■ OP ㅡ BDI ㅡ WTI (Unit : KRW bn) 392.7 350.2 362.8 14 0 3,498 12 0 83.21 10 0 78.43 80 77.11 2,039 60 1,523 40 20 62.2 46.3 50.3 30 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q
Slide 9: Consolidated Basis Sales of Department
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. Consolidated Basis Sales of Department □ 2023.4Q Sales ratio by Department LNG 33% etc 19% Shipping Tanker Sales Sales 13% Shipping Bulk 81% 54% Corporation (*) Sales(KRW bn) Business area Total Name Dedicated Tramper KLC
Slide 10: KLC and KL LNG Quarterly Business Performance
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KLC and KL LNG Quarterly Business Performance □ Sales (Unit : KRW Bn) □ Operating Profit (Unit : KRW bn) 120.0 100.0 266.5 239.4 80.0 60.0 51.7 47.5 40.0 20.0 - 4Q22 1Q23 2Q23 3Q23 4Q22 4Q22 1Q23 2Q23 3Q23 4Q23 ✓ 2023.4Q S
Slide 11: KLC & KL LNG business performance by sector
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KLC & KL LNG business performance by sector □ Sales by business sector (Unit : KRW bn) □ 2023. 4Q Sales ratio by business sector Dedicated Tramper etc 13.1 Dedicated detail 5.1 7.7 5.0 5.1 36.8 12.5 13.4 22.8 22.5 etc BULK
Slide 12: KLC and KL LNG Dedicated Carrier Service Segment
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KLC and KL LNG Dedicated Carrier Service Segment □ FY 2022 Sales by Shipper (Unit : KRW bn) □ FY 2023 Sales by Shipper (Unit : KRW bn) SNNC GS DEP SNNC GS DEP GLOVIS 20.2 (2%) 17.7 (2%) GLOVIS 16.7 (2%)14.0 (2%) 34.3 (4%)
Slide 13: KSC and CM Quarterly Business Performance
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KSC and CM Quarterly Business Performance □ KSC Sales and OP (Unit : KRW bn) □ CM Sales and OP (Unit : KRW bn) ■ Sales ■ OP ■ Sales ■ OP 150.0 50.0 130.0 109.7 110.0 40.0 90.0 30.0 70.0 57.9 18.8 20.0 14.2 50.0 30.0 10.0 2
Slide 14: Consolidated basis Major Financial Ratio
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. Consolidated basis Major Financial Ratio □ FY 2023 Debit Ratio (Unit : KRW bn) □ FY 2023 Current Ratio (Unit : KRW bn) Total Debit Total Equity Total Ratio Current Asset Current Liability Current Ratio 1,500.0 4,750.0 292%
Slide 15: KLC Major Financial Ratio
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KLC Major Financial Ratio □ FY 2023 Debit Ratio (Unit : KRW bn) □ FY 2023 Current Ratio (Unit : KRW bn) Current asset Current Liability Total Debit Total Equity Total Ratio Current Ratio 1,500.0 2,500.0 257% 300% 125% 150%
Slide 16: Future Prospect and Management Strategy
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. Future Prospect and Management strategy □ Dry Bulk Cargo Volume (Unit : mil. DWT) source : MSI DSPS Report(2023.4Q) Ore Coal Grain etc 2,172 2,171 1,764 1,860 2,010 2,087 2,100 2,066 1,719 1,698 570 630 474 481 530 535 540
Slide 17: Dedicated Carrier Service Routes
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. Dedicated Carrier Service Routes ORE COAL OIL LNG RUSSIA CANADA KOREA USA AG INDIA BRAZIL S.AFRICA GLADSTONE W.AUS E.AUS 17
Slide 18: KLC Global Service Route
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. KLC Global Service Route CANADA BRAZIL AFRICA MIDDLE EAST INDONESIA Port of shipment Port of shipment Port of shipment Port of shipment Port of shipment PRINCE RUPERT, ROBERTS TUBARAO, ITAGUAI, PDM NACALA RAS TANURA, JEBEL
Slide 19: Consolidated Financial Statement Summary
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. Consolidated Financial Statement Summary Income Statement & Financial Satements (Unit : KRW mil, Consolidated) FY 2023 FY 2022 FY 2021 Sales 1,397,365 1,612,014 1,153,843 Operating Profit 249,957 267,672 203,921 Net Profit
Slide 20: Financial Statement Summary
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. Financial Statement Summary KLC&KL LNG Income Statement & Financial Statement (Unit : KRW mil, Non-Consolidated) FY 2023 FY 2022 FY 2021 Sales 590,089(367,516) 621,426(333,429) 476,313(180,153) Operating Profit 113,326(102