Nippon Yusen Kabushiki Kaisha · TSE:9101
Nippon Yusen Kabushiki Kaisha — FY2007 Earnings Presentation
15 slides from Nippon Yusen Kabushiki Kaisha's earnings presentation, April 2008
Slide 1: Financial Results for Whole FY08/3 and Prospect for Whole FY09/3
Financial Results for Whole FY08/3 and Prospect for Whole FY09/3 April 2008
Slide 2: Summary of Whole FY 08/3
Summary of Whole FY 08/3 1) Revenues Exceeded ¥2.5 Tril., and Posted Record-High Profits (Billions of Yen) Revenues Ope.Profit Rec.Profit Net Income Whole FY07/3 2,164.3 104.9 107.5 65.0 Whole FY08/3 2,584.6 202.1 198.5 114.1 Change % 420.3 19% 97.2 93% 91.0 85% 49.1 76% 2) Shipping Div. : Rec. Prof
Slide 3: Analysis in Change in Rec. Profit between Whole FY07/3 and FY08/3
Analysis in Change in Rec. Profit between Whole FY07/3 and FY08/3 (Billions of Yen） Yen Appreciation ▲ 3.2 ￥ 115.29 / Appreciated by ￥ 1.62 Bunker Oil Price ▲ 29.4 $402.77/ Increased by $84.00 Market Effect etc 106.9 Non Shipping Div. ▲ 0.5 Exclusive of New Consolidation/ ￥ 0.5Bil. Cost Reduction 14
Slide 4: Comparison of Financial Results between Whole FY08/3 and FY07/3 by Industrial Segments
Comparison of Financial Results between Whole FY08/3 and FY07/3 by Industrial Segments (Billions of Yen） Liner Bulk Air Cargo Elimination/ Revenues Logistics Terminal Cruise Transportation Real Estate Other Consolidated (Container) Shipping Unallocation Whole FY07/3 574.0 783.3 482.7 126.9 44.1 97.0
Slide 5: Whole FY08/3 Result against Previous Prospect by Industrial Segment
Whole FY08/3 Result against Previous Prospect (as of Jan.2008) by Industrial Segment (Billions of Yen） Liner Bulk Air Cargo Elimination/ Revenues (Container) Shipping Logistics Terminal Cruise Transportation Real Estate Other Unallocation Consolidated Previous Prospect 663.0 1,030.0 551.0 149.0 48.5
Slide 6: Summary of Prospect for Whole FY 09/3
Summary of Prospect for Whole FY 09/3 1) Whole Year Prospect： Revenues ¥2.70Til. (+115.4Bil. from Last Year) Rec. Profit ¥210.0 Bil. (+11.5Bil. from Last Year) 2) Shipping Div.： ¥0.5 Bil. Increase in Liner Segment by Freight Restoration and Capacity Expansion, ¥1.1 Bil. Decrease in Bulk Shipping Seg
Slide 7: Prospect for Whole FY09/3
Prospect for Whole FY09/3 (Billions of Yen） FY08/3(Result) FY09/3（Prospect） Change 1H 2H Whole 1H 2H Whole Whole 115.4 Revenues 1,256.7 1,327.9 2,584.6 1,340.0 1,360.0 2,700.0 4% Operating 11.9 90.7 111.4 202.1 101.0 113.0 214.0 Profit 6% Recurring 11.5 93.2 105.3 198.5 100.0 110.0 210.0 Profit 6% 2
Slide 8: Comparison of Financial Results/Prospects of FY08/3 and FY09/3 by Industrial Segments
Comparison of Financial Results/Prospects of FY08/3 and FY09/3 by Industrial Segments (Billions of Yen） Line r Air Cargo Elimination/ Revenues (Containe r) Bulk Shipping Logistics Terminal Cruise Transportation Re al Estate Other Unallocation Consolidated FY08/3(Result) 666.4 1,039.1 526.9 151.3 46.
Slide 9: Overview of Each Industrial Segment: Shipping Division 1
Overview of Each Industrial Segment １．Shipping Division – 1） Container：Freight Restoration Proceeds in NE Trade Container Lifting Result/Prospect(1,000TEU) FY07/3 FY08/3 FY09/3 Change % Change % (Result) (Result) (Prospect) Asia → North America 704 765 61 8.6% 834 69 9.1% (Utilization) 85% 88% 88% A
Slide 10: Overview of Each Industrial Segment: Shipping Division 2
Overview of Each Industrial Segment 1．Shipping Division – 2) Trend of Shipping Market for Bulkers and Tankers (Index) FY09/3（Prospect） FY07/3 FY08/3 （Result） （Result） 1H 2H Whole BDI 3,750 7,758 6,100 7,300 6,700 ＶＬＣＣ (WS） 85 96 85 100 93 Bulkers ： Drybulk Market for FY09/3 Assumed to Decline Compar
Slide 11: Overview of Each Industrial Segment: Logistics Segment
Overview of Each Industrial Segment 2. Logistics Segment (Earth/Air)： Profit in North America and Europe Trade Improves 25.0 Accumulated 20. 0 20.0 Rec. Profit 17. 0 17. 2 13. 5 FY07/3 15.0 12. 0 7. 9 8. 5 FY08/3 10.0 7. 2 3. 5 3. 3 5.0 FY09/3 0.0 Billions of Yen 1Q 2Q 3Q 4Q （Billions of Yen） FY09 1
Slide 12: Overview of Each Industrial Segment: Terminal and Cruise
Overview of Each Industrial Segment 3. Terminal and Harbour Transport Segment Seek for Further Expansion after Tacoma(USA) or Shanghai while Expanding Existing Terminals 4. Cruise Segment Both Asuka and Crystals Aims for Stabilization by Cost Reduction while Keeping High Quality 11
Slide 13: Air Cargo Transportation Segment (NCA)
Air Cargo Transportation Segment(NCA) 1) Change in Prospects and Result for FY08/3 FY08/3 FY07/3 FY08/3 Result Previous Result Prospect 1H 2H Whole Revenues 97.0 101.0 49.4 53.2 102.6 Rec. Profit ▲ 18.4 ▲ 26.5 ▲ 14.0 ▲ 9.2 ▲ 23.2 MOPS $80 $96 $84 $110 $97 ・ Revenues and Rec. Profit Exceeded Previous
Slide 14: Air Cargo Transportation Segment (NCA): Prospect for FY09/3
Air Cargo Transportation Segment(NCA) 2) Prospect for FY09/3 (Billions of Yen) FY08/3 FY09/3 Prospect Result 1H 2H Whole Revenues 102.6 50.0 55.0 105.0 Rec. Profit ▲ 23.2 ▲ 7.0 ▲ 5.0 ▲ 12.0 ＭＯＰＳ $97 $115 ・ FY09/3 Started with 6 Fleets of 747-400F due to Temporal Reduction ・ Planning to Add 4 Aircraf
Slide 15: Air Cargo Transportation Segment (NCA): Load Factor Trend
Air Cargo Transportation Segment(NCA) 3) Trade-wise Load Factor Trend FY08/3 Result FY09/3 Prospect 1H 2H Whole 1H 2H Whole Asia→ NA 99% 93% 96% 93% 92% 93% NA→ Asia 82% 78% 80% 77% 78% 78% Asia→ Europe 98% 104% 101% 98% 99% 98% Europe → Asia 91% 101% 96% 93% 97% 95% Japan→ Asia 72% 63% 68% 62% 58%
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