Kawasaki Kisen Kaisha, Ltd. · TSE:9107

Kawasaki Kisen Kaisha — H1 2002 Earnings Presentation

29 slides from Kawasaki Kisen Kaisha's earnings presentation, November 2002

  1. Slide 1: Financial Highlights (Interim brief report for 1st half of fiscal 2002)

    Financial Highlights(Interim brief report for the 1st half of fiscal 2002) November 2002 Kawasaki Kisen Kaisha,Ltd.

  2. Slide 2: Summary

    Summary Phase 1 Financial results for the 1st half of fiscal 2002 Phase 2 Financial prospect in fiscal 2002 Supplemental information

  3. Slide 3: Phase 1 Financial Results for the 1st half of fiscal 2002

    Phase 1 Financial Results for the 1st half of fiscal 2002

  4. Slide 4: A. Financial Highlights for the 1st half of 2002F

    A. Financial Highlights for the 1st half of 2002F(Consolidated/Non-consolidated basis) （unit:billion yen） （reference） 1st half of 1st half of Difference 2 nd half of 1st half of 02F 02F(Result) 01F(Result) 01F(Result) (as of May 16) Operating Consoli 309.6 297.7 +119（+4.0%） 2,733 3,000 Revenue +144（

  5. Slide 5: B-1. Outline of Financial Results for the 1st half of fiscal 2002

    B-1.Outline of Financial Results for the 1st half of fiscal 2002（comparison to the same period in 2001） Factor of increasing Revenue（11.9 billion yen,+4%） Expansion of our business scale Containers(Lifting:864K teus⇒1,034K teus,+20%） Bulk Carriers（Tonnage: 7,794K tons⇒9,143K ton +17%） PCTC(Lifting:7

  6. Slide 6: B-2. Factors of upward/downward profit

    B-2. Outline of Financial Results for the 1st half of fiscal 2002( Factors of upward/downward profit) 1) Comparison v.s. 1st half of 2001（-4.1billion yen on ordinary profit） • Increase of Bunker Price（+$10/MT） - 1.0 billion yen • Deflating Market Condition(container,bulker,tanker) -21.0 billion yen

  7. Slide 7: C. Segment information on Consolidated P/L

    C.Segment information on Consolidated P/L (1st half of 2002F) (unit:billion yen) as of Sep,2002 Shipping Transportation Others Consolidated Operating revenue 260 43 7 310 Operating profit(a) 9 2 0 11 as of Sep,2001 Shipping Transportation Others Consolidated Operating revenue 247 45 7 298 Operating

  8. Slide 8: D. Summary of division-wise results for the 1st half of 2002F

    D.Summary of division-wise results for the 1st half of 2002F (Comparison to the 1st half of 2001F) • Container -much increase of cargo lifting, drop of average freight, increase of bunker price, good result of cost cutting • Bulk Carrier -Gradual recovery of market, operation efficiency,vessel tonna

  9. Slide 9: E. Prospect of Division-wise Operating Revenue for the 1st half

    E.Prospect of Division-wise Operating Revenue for the 1st half of 2002F(Non-Consolidated basis) (unit:billion yen) Division 1st half of 1st half of D i f f e r e n c e 2nd half of 2 0 0 2 F 2 0 0 1 F 2 0 0 1 F Container 132.0 121.1 +10.9(+9%) 109.3 Bulk Carrier/ 89.3 85.0 +4.3(+5%) 86.8 Car Carrier

  10. Slide 10: Phase 2 Financial prospect in fiscal 2002

    Phase 2 Financial prospect in fiscal 2002

  11. Slide 11: A. Financial Prospect in Fiscal 2002

    A. Financial Prospect in Fiscal 2002 （unit:billion yen） 2 0 0 2 F 2 0 0 1 F Difference O p e r a t i n g Consolidated 610.0 571.0 39.0(+6.8%) R e v e n u e Non-Consolidated 480.0 449.2 30.8(+6.9%) Operating profit C o n s o l i d a t e d 22.0 19.0 3.0(+15.8%) Non-Consolidated 14.0 8.3 5.7(+68.7%) Or

  12. Slide 12: B. Factor of P/L volatility

    B. Factor of P/L volatility （Entire 2002 Fiscal Year） • Up/down by 1 yen/US$ in exchange rate ⇒Non-consolidated +/-0.4 billion yen Consolidated +/-0.5 billion yen • Increase/decrease by $10/M.ton in Bunker Price ⇒ Non-consolidated +/-2.0 billion yen Consolidated +/-2.1 billion yen • Market sensitivi

  13. Slide 13: C. Consolidated Financial Prospect on Segment Basis for 2002F

    C.Consolidated Financial Prospect on Segment Basis for 2002F (unit:billion yen) 2 0 0 2 F Shipping Transportation O t h e r s Elimination Consolidated O p e r a t ing 510 85 15 0 610 revenue(A1) O p e r a t ing 16 5.5 0.5 0 22.0 profit(A2) 2 0 0 1 F Shipping Transportation O t h e r s Elimination Co

  14. Slide 14: D. Prospect of Division-wise Operating Revenue of 2002F

    D.Prospect of Division-wise Operating Revenue of 2002F (Non-Consolidated basis) (unit:billion yen) D i v i s i o n 2 0 0 2 F 2 0 0 1 F Comparison Container 255.0 230.4 +24.6(+10.7%) Bulk Carrier/ 177.5 171.8 +5.7(+3.3%) Car Carrier E n e r g y 44.5 44.4 +0.1(+0.2%) Transportation/T anker Service O t

  15. Slide 15: Supplemental Information

    Supplemental Information

  16. Slide 16: Trends of major Financial Index

    <No.1＞ Trends of major Financial Index(Consolidated basis) (unit:billion yen) Result in Result in 1st F o r m e r P r o s p e c t P r o s p e c t 2 0 0 1 F half 2002F p l a n i n i n 2 0 0 2 F i n 2 0 0 4 F 2 0 0 2 F E q u i t y 77.7 77.5 85.0 80.0 110.0 Interest Bearing 335.6 317.4 315.0 305.0 275.

  17. Slide 17: Transition of Operating Revenue

    <No.2＞ Transition of Operating Revenue billion yen 600 ( N on) （Con） 〈4492〉 〈4800〉 〈4240〉 500 45 〈3620〉 44 400 43 32 178 172 610 300 161 571 557.9 142 486 cco 200 255 218 230 100 186 0 99F 00F 01F 02F（Prospect) Container Bulk Carrier/Car Carrier Energy Transportation Others Total(Consolidated)

  18. Slide 18: Transition of Consolidated Income (1999F to 2003F)

    <No.3＞ Transition of Consolidated Income （1999F to 2003F) （billion yen） 40 35 30 25 20 15 10 5 0 1999 2000 2001 2002 2003 Operation Profit Ordinary Profit Net Income

  19. Slide 19: Breakdown on Cash flow, Investment, Depreciation

    <No.4＞ Breakdown on Cash flow,Investment,Depreciation （unit:billion yen） R e s u l t Result 1st P r o s p e c t P r o s p e c t 2 0 0 1 F h a l f o f 2nd half of 2 0 0 2 F 2 0 0 2 F 2 0 0 2 F Investment 31.4 14.2 19.3 33.5 Vessel 23.8 8.7 13.6 22.3 Others 7.6 5.5 5.7 11.2 （Non-consolidated） 12.0 1.8

  20. Slide 20: Transition of Interest Bearing Liability

    <No.5＞ Transition of Interest Bearing Liability(Consolidated basis) （billion yen） 450 100.0% 400 350 84.2% 84.2% 82.8% 81.1% 81.5% 80.0% 78.9% 77.7% 80.0% 300 250 60.0% 200 395 405 367 349 336 150 332 317 305 100 40.0% 50 0 20.0% 97/03 98/03 99/03 00/03 01/03 02/03 02/09 03/03 （Interest Bearing Liab

  21. Slide 21: "K" Line Vessel Fleet composition

    <No.6＞ “K”Line Vessel Fleet composition 2002 Sep Near sea/Ferry Container （total 337vessels） 14% 48 19% Energy resource 46 57 14% 47 111 67 Bulk carrier PCTC 33% 20% 2002 Mar Near sea/Ferry Container 14% 19% （total 317 vessels） 48 45 Energy resource 61 14% 44 65 102 Bulk carrier PCTC 32% 21%

  22. Slide 22: Line/Alliance wise vessel capacity comparison

    <No.7＞ Line/Alliance wise vessel capacity comparison As of 2002 July (Source CI 2002 Aug edition) Rank Operator Total Capacity TEU Vessel 1 Maersk-Sealand 735,268 291 2 P&O Ned 417,788 161 3 EMC 395,187 145 4 MSC 388,166 174 5 Hanjin/Senator 308,859 85 6 APL 262,183 82 7 COSCO 249,354 133 8 CMA-CGM

  23. Slide 23: "K" Line Container Vessel Fleet composition

    <No.8＞ “K”Line Container Vessel Fleet composition 01.03 02.09 5500TEU over - 14 3500TEU（3400~4000） 21 15 2800TEU（2700~2900） 8 6 2000TEU（1500~2500） 10 8 1400TEU or under 18 14 Total 57 57

  24. Slide 24: "K" Line PCTC Fleet composition

    <No.9＞ “K”Line PCTC Fleet composition 01.03 02.09 6000 units - 4 5000 units（4,750~5650) 28 28 4000 units（3800~4600） 13 15 3000 units（2800~3500） 10 8 2000 units（1600 ~2500） 10 7 800 units（800 ~850） 6 5 Total 67 67

  25. Slide 25: Bulker Market

    <No.10＞ Bulker Market （PANAMAX USG/JPN GRAIN） ($/KT) 28 26 00F 24 22 99F 02F 20 01F 18 16 14 12 10 APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR

  26. Slide 26: Tanker Market

    <No.11＞ Tanker Market (VLCC AG/JPN) (WS) 180 160 00Ｆ 140 120 02Ｆ 100 01F 80 98F 60 40 20 0 APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR

  27. Slide 27: Transition of "K" Line LNG Vessel Fleet

    <No.12＞ Transition of “K”Line LNG Vessel Fleet (No. of vessels) 30 25 20 15 10 5 0 83 85 87 89 91 93 95 97 99 01 03 05 ship management vessels co-owner vessels

  28. Slide 28: Transition of Semi-annual operating revenue on Non-consolidated basis

    <No.13＞ Transition of Semi-annual operating revenue on Non- consolidated basis(yen/US$ wise) Usmil$ 100mil yen 2,500 3,000 US$ basis Yen basis 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500 500 0 0 96F 96F 97F 97F 98F 98F 99F 99F 00F 00F 01F 01F 02F

  29. Slide 29: Transition of Average Exchange Rate & Bunker Price

    <No.14＞ Transition of Average Exchange Rate & Bunker Price Ye n US$/M.ton 180 180 Bunker Price Average Exchange Rate 160 160 140 140 120 120 100 100 80 80 60 60 40 40 20 20 0 0 96F 96F 97F 97F 98F 98F 99F 99F 00F 00F 01F 01F 02F 02F

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