Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — Q1 2025 Earnings Presentation
28 slides from Yang Ming Marine Transport's earnings presentation, Jun 19, 2025
Slide 1: 2025-Q2 Investor Conference
2025-Q2 Investor Conference Yang Ming Marine Transport Corp. 2025 / 06 / 19 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 updat
Slide 3: Outline
Container Shipping 01 Overview 03 Financial Results Outline Business Operational 02 Information 04 Future Prospects 3
Slide 4: Container Shipping Overview
Container Shipping 01 Overview 4
Slide 5: Global Economic Slowdown
Global Economic Slowdown According to the OECD’s latest economic outlook, global GDP growth is projected to be a moderate 2.9% in 2025 and 2026, due to tariffs imposed by U.S. President Donald Trump. Growth Projections (Real GDP Growth, %) 3.3 3.3 2.9 3.0 2.9 2.8 2.8 2.3 2.4 2024 2025 2026 IMF OECD
Slide 6: Major Economies Growth Projection
Major Economies Growth Projection Uncertainty caused by the unpredictability of U.S. trade policy is expected to slow global economic growth in 2025. • US：Tariff policies, declining net immigration, and federal government layoffs have driven U.S. economic growth forecasts down to 1.6% for 2025 and 1
Slide 7: Composite Leading Indicator
Composite Leading Indicator The G20 CLI has been above 100 for the past 7 months, signaling economic growth. 102.0 101.5 101.0 2025,May 100.48 100.5 100.0 99.5 99.0 98.5 2022 2023 2024 2025 Source: OECD, Composite Leading Indicator, Jun 2025 7
Slide 8: Manufacturing PMI
Manufacturing PMI • Weak demand, supply chain disruptions, and increased costs caused by fluctuating tariff policies have resulted in a continuous decline in the US PMI index. • The manufacturing sectors in China, Japan, ASEAN, and the Euro area remained in contraction, but the outlook is improving.
Slide 9: The import volume trend at major U.S. container ports
The import volume trend at major U.S. container ports • The tariff reductions will lead to increased import volumes in June through August as importers take advantage of a 90-day reduction in tariffs that were recently imposed on China. • According to the Global Port Tracker latest report, container
Slide 10: Supply and Demand
Supply and Demand • Affected by slow global economic growth and uncertainty in trade policies, demand is expected to slow in 2025. • The Red Sea rerouting and stricter international carbon emissions regulations contribute to relieving the pressure on oversupply. Current Previous Update 2024 Time & 2
Slide 11: Oil Price Outlook
Oil Price Outlook According to the Brent Crude forecast by Financial Institutions and EIA, price is projected to range between US$52 and $76 per barrel. The driving factors include the tensions in the middle East, U.S. trade policy and the demand/stock level in China and the U.S. Institution 2025Q3
Slide 12: Business Information
02 Business Information 12
Slide 13: The Proportion of Consolidated Operating
The Proportion of Consolidated Operating EUROPE NCP、MED、TA、IEU 40% ASIA l AMERICA Intra-East Asia AWE、PSW 、PNW 10% 35% ASIA ll Middle East, South America, the Red Sea, Australia, and South Asia. 15% Data interval:202501~202503 13
Slide 14: Lifting Volume Analysis
Lifting Volume Analysis 2024Q1 & 2025Q1 TEU Comparison of operational volume （Thousand TEU） 12.0 1,104 1,074 -30K TEU(-2.7%) 306（28%） 9.0 306（29%） -29K TEU 179（16%） 150（13%） RES Trade Temporary 6.0 Suspension 302（27%） 322（30%） +20K TEU Voyages & Loading Factor 3.0 increased 317（29%） 296（28%） -21K TE
Slide 15: Capacity Ranking
Capacity Ranking As of June 2025, Yang Ming is the world's tenth-largest carrier Existing fleet Rank Operator Teu Share Ordebook 1 Mediterranean Shg Co 6,636,289 20.6% 2 Maersk 4,584,295 14.2% 3 CMA CGM Group 3,943,247 12.2% 4 COSCO Group 3,366,130 10.4% 5 Hapag-Lloyd 2,421,589 7.5% 6 ONE (Ocean Net
Slide 16: YM fleet Status
YM fleet Status Yang Ming’s fleet and capacity in Q2 2025 are Continuously monitor international environmental 100 vessels and 726,585 TEU, an increase of 2 vessels and carbon emission policies, as well as regional and 9,366 TEUs from 2024. This is due to adjustment regulations of each country, and
Slide 17: YM Container Status
YM Container Status Gradually increasing the proportion of owned containers and upgrading containers to enhance operational competitiveness. Unit : TEU 2022 2023 2024 2025Q2 New build containers 75,200 41,800 30,500 - Total Containers 1.12 million 1.10 million 1.15 million 1.11 million Owned Contain
Slide 18: Financial Results
03 Financial Results 18
Slide 19: The Proportion of Consolidated Operating Revenue of Yang Ming Group
The Proportion of Consolidated Operating Revenue of Yang Ming Group 94.5% 27 95 Global Container 4.3% operational operational locations container ships Shipping 2025Q1 Revenue Logistics 238 NTD 45.51 YES Logistics Global Agents Billion Providing international freight forwarding, Total Capacity 10th
Slide 20: Consolidated Income Statement
Consolidated Income Statement Unit： 2025Q1 & 2024Q1 Operating Cost Comparison NT$100 Million Unit：NT$100 Million 400 359 Items FY2025 Q1 F2024 Q1 Diff 338 Operating Revenue 455 438 17 118 300 (33%) 122 (36%) Gross Profit 96 101 (5) 15 (4%) 46 15 (5%) 200 (13%) 31 45 (9%) Operating Income(Loss) 72 79
Slide 21: Fuel price and Average FRT
Fuel price and Average FRT Unit：USD/TEU; Ton Unit：Ten Thousand Teu 3,900 50 3,600 3,600 43 45 42 43 42 3,439 41 41 3,300 40 40 40 40 40 40 39 3,186 38 39 38 40 3,000 36 2,644 35 34 35 2,700 33 2,373 2,400 2,435 2,256 2,243 2,130 2,165 30 2,103 2,100 1,820 1,803 25 1,691 1,800 1,730 1,778 1,500 1,351
Slide 22: Consolidated Operating Income, Gross Margin and Net Profit Margin
Consolidated Operating Income, Gross Margin and Net Profit Margin Unit : NT$ 100 Million 1200 75% 66% 60% 960 48% 50% 51% 50% 37% 720 32% 39% 30% 23% 21% 25% 27% 25% 24% 22% 480 10% 9% 8% 17% 9% 0% 2% -… 240 0% -4% 1,094 998 599 370 350 359 327 438 526 728 535 455 0 -25% 22Q2 22Q3 22Q4 23Q1 23Q2 23Q
Slide 23: Book Value per Share and Earnings per Share
Book Value per Share and Earnings per Share BVPS Data interval :2022Q2~2025Q1 EPS 110 20.00 99.02 100.22 18.00 100 98.21 97.52 94.82 92.81 16.00 15.90 90 85.53 14.00 14.25 83.05 80.83 79.40 79.32 80 12.00 79.92 10.00 70 8.00 8.12 60 6.00 4.00 50 4.21 3.98 3.59 2.69 2.00 2.23 40 0.97 0.80 0.00 (0.04)
Slide 24: Financial Ratios
Financial Ratios Data interval :2022Q2~2025Q1 700% 600% 622% 598% 500% 506% 461% 468% 455% 457% 446% 400% 435% 415% 300% 267% 236% 200% 100% 45% 42% 34% 32% 31% 32% 29% 28% 27% 25% 30% 29% 0% 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 Current ratio Debt ratio 24
Slide 25: Operational Future Prospects
04 Operational Future Prospects 25
Slide 26: 2025 Q3 Benefiting from the easing of U.S.-China trade
Operational Future Prospects 2025 Q3 Benefiting from the easing of U.S.-China trade Future tensions and a rebound in demand, together with the traditional peak shipping season in Prospects the third quarter, fostering a potentially more favorable supply-demand balance in the market. However, with th
Slide 27: THANK YOU
THANK YOU ZZ AAS S
Slide 28: YANG MING
YANG MING,
Yang Ming Marine Transport — Q1 2025 Earnings Presentation on 6ix