Mitsui O.s.k.lines,ltd. · TSE:9104
Mitsui O.s.k.lines,ltd — Q1 2024 Earnings Presentation
19 slides from Mitsui O.s.k.lines,ltd's earnings presentation, Jul 31, 2024
Slide 1: Business Performance in FY2024-1st Quarter
Business Performance in FY2024-1st Quarter 2024/07/31 Mitsui O.S.K. Lines, Ltd.
Slide 2: Contents
1. FY2024-1st Quarter Results [Consolidated] P3-4 2. Outline of FY2024-1st Quarter Results [Consolidated] P5-6 3. FY2024 Full-year Forecast [Consolidated] P7-9 4. Key Points of FY2024 Forecast [Consolidated] P10-11 Contents 5. (Reference) Progress of BLUE ACTION 2035 P12-13 [Supplement #1-5] P14-18
Slide 3: FY2024-1st Quarter Results [Consolidated]
1 FY2024-1st Quarter Results [Consolidated] FY2024 FY2023 YoY (￥billion) Q1 Result Q1 Result Revenue Operating profit/loss 435.9 40.6 385.1 24.4 +50.8 +16.2 今期 Business profit/loss (*1) Ordinary profit/loss 94.9 108.6 58.1 90.3 +36.8 +18.3 から Income/loss before income taxes Net income/loss 114.8 107
Slide 4: FY2024-1st Quarter Results [By segment]
1 FY2024-1st Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss FY2024 FY2023 YoY (￥billion) Q1 Result Q1 Result Dry Bulk Business 106.5 95.4 +11.1 (excluding; Thermal Power Fuel Carriers) 6.9 26.3 -19.4 Energy Business 125.1 101.6 +23.5 Thermal Power Fuel Carriers, Tankers,
Slide 5: Outline of FY2024-1st Quarter Results (I) [Consolidated]
2 Outline of FY2024-1st Quarter Results(I) [Consolidated] [Overall] ◆ Business profit / Ordinary profit / Income before income taxes / Net income: +¥36.8 billion / +¥18.3 billion / +¥5.2 billion /+¥16.0 billion year-on-year. ◆ Major reasons for the change in profit: In addition to profit increase in
Slide 6: Outline of FY2024-1st Quarter Results (II) [Consolidated]
2 Outline of FY2024-1st Quarter Results(II) [Consolidated] ◼ Liquefied Gas Transport ➢ LNG Carriers: Decrease in profit due to increased expenditures for dry-dock, despite accumulating profit with long-term charter contracts and the deliveries of new vessels. ➢ LNG infrastructure: Profit is maintain
Slide 7: FY2024 Full-year Forecast [Consolidated]
3 FY2024 Full-year Forecast [Consolidated] 日)の予想 *as of April 30, 2024 1st Half 2nd Half Full-year Previous Previous Previous Forecast Variance Forecast Variance Forecast Variance (￥billion) Q1 Result Q2 Forecast Forecast* Forecast* Forecast* Revenue 435.9 497.0 933.0 953.0 -20.0 882.0 847.0 +35.0 1
Slide 8: FY2024 Full-year Forecast [Consolidated]
3 FY2024 Full-year Forecast [Consolidated] Upper Revenue(*1) Lower Ordinary profit/loss *as of April 30, 2024 1st Half 2nd Half Full-year FY2023 Results Previous Previous Previous 1st Half 2nd Half Full-year (￥billion) Q1 Q2 Forecast Forecast * Variance Forecast Forecast * Variance Forecast Forecast
Slide 9: FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss
3 FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss (￥billion) Upward Downward Total *as of April 30, 2024 9
Slide 10: Key Points of FY2024 Forecast (I) [Consolidated]
4 Key Points of FY2024 Forecast (I) [Consolidated] [Overall] ◆ Business profit / Ordinary profit / Income before income taxes /Net income: +¥92.0 billion / +¥120.0 billion/ +¥120.0 billion / +¥120.0 billion. ◆ Key points Revised the previous forecast upwards, expecting a net income of ¥335.0 billion
Slide 11: Key Points of FY2024 Forecast (II) [Consolidated]
4 Key Points of FY2024 Forecast (II) [Consolidated] Product Transport Business [ ¥227.0 billion (+¥92.0 billion/+101.5billion)] ◼ Containerships [ ¥139.0 billion (+¥84.0 billion/+¥87.5 billion)] ➢ ONE: Profit is expected to increase with favorable freight market conditions based on the assumption th
Slide 12: (Reference) Progress of BLUE ACTION 2035 Initiatives
5 (Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions (Press Release) ・Naming and Launching Ceremony for the Sunflower Kamuy Held 1st LNG-fueled Ferry on Oarai-Tomakomai Route (2024-4-11) ・MOL Announces Consolidation of Equity-Method Affiliate Company Gearbulk (2024
Slide 13: BLUE ACTION 2035 Core KPI FY2024 Forecast
5 BLUE ACTION 2035 Core KPI FY2024 Forecast FY2023 FY2024 Forecast (Updated on 31st Phase 1 Phase 2 Phase 3 KPI Results July 2024) FY2025 FY2030 FY2035 Profit before tax (unit: JPY) 295.4 bil 365 bil 240 bil 340 bil 400 bil Financial KPI Net Gearing Ratio*1 0.88 0.89 0.9~1.0 ROE 12.2% 13.1% 9~10% GH
Slide 14: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2023 (Result) (US$/day) FY2023 Size 1st Half 2nd Half Full-year Market for vessels operated by Apr-Sep, 2023 Oct, 2023 - Mar, 2024 Average MOL and MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 15,600 13,400 14,500 29,000 24,200 26,600
Slide 15: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] １．FY2023 (Result) (US$/day) Vessel Type Trade FY2023 1st Half 2nd Half Full-year Market for vessels operated by MOL Jan-Jun, 2023 Jul-Dec, 2023 Average and its overseas subsidiaries Jan-Mar Apr-Jun Jul-Sep Oct-Dec Crude Oil Tanker Arabian Gulf - Far East
Slide 16: Containerized Freight Index (CCFI) [Supplement #3]
Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2023 (Result) (Jan 1, 1998=1,000) FY2023 1st Half 2nd Half Full-year Trade Apr-Sep, 2023 Oct, 2023 - Mar, 2024 Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 707 733 720 725 978 851 786 U.S. East Coast 886 870 878 839 1,160 999 939 Eu
Slide 17: Car Carrier Loading Volume [Supplement #4]
Car Carrier Loading Volume [Supplement #4] 1. FY2023 (Result) (1,000 units) FY2023 (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) 814 815 1628 813 757 1570 3199 2. FY2024 (Result & Forecas
Slide 18: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] Number of ships 31-Mar, 2025 Number of buildings and area owned by DAIBIRU 31-Mar, 2024 30-Jun, 2024 (Forecast) Capesize 78 83 77 Panamax 33 28 31 Small and Supramax 50 47 60 Number of properties (buildings) Vacancy rate(%) medium-sized Handysize
Slide 19: Mitsui O.S.K. Lines
MitsuiO.S.K.Lines