Nippon Yusen Kabushiki Kaisha · TSE:9101

Nippon Yusen Kabushiki Kaisha — Nippon Yusen Kabushik New — Q3 2024 Earnings Presentation

29 slides from Nippon Yusen Kabushiki Kaisha's earnings presentation, Feb 5, 2025

  1. Slide 1: Financial Results for Q3 FY2024, and Forecast for Full-year FY2024

    Financial Results for Q3 FY2024, and Forecast for Full-year FY2024 February 5, 2025 ©NYK Group. All rights reserved.

  2. Slide 2: Contents

    1. Overview of Financial Results Contents p.3-8 for 3rd Quarter FY2024 2. Forecast for Full-year FY2024 p.9-14 Appendix p.15-20 Segment Overview Trends in Total Payout Ratio (Attachment) Ocean Network Express Financial Results for FY2024 3rd Quarter ©NYK Group. All rights reserved. 2

  3. Slide 3: Overview of the Q3 Results for FY2024

    1. Overview of the Q3 Results for FY2024 Results Q3 review (year-on-year comparison) Revenues: JPY1,976.9 billion (up JPY187.7 billion) • Logistics – Revenue increased resulting from an increase in handling volumes. (up JYP94.1 billion) • Dry Bulk – Revenue increased, supported by the high market le

  4. Slide 4: Recurring profit by segment (year-on-year comparison)

    1. Overview of the Q3 Results for FY2024 Results Recurring profit by segment (year-on-year comparison) Liner Trade: JPY250.2 billion (up JPY204.8 billion) • Although the Container Shipping market softened after peaking out in the second quarter, the handling volumes and freight rates were higher tha

  5. Slide 5: Recurring profit by segment (year-on-year comparison)

    1. Overview of the Q3 Results for FY2024 Results Recurring profit by segment (year-on-year comparison) Automotive: JPY91.6 billion (up JPY3.6 billion) • Despite the ongoing port congestion and route change caused by, among other factors, the conflict on the Middle East, the business captured robust

  6. Slide 6: Summary of Q3 Results

    Summary of Q3 Results Q3 Results FY2023 FY2024 Year-on- year (Billions of yen) Q1 Q2 Q3 Q1-3 Q4 Full-Year Q1 Q2 Q3 Q1-3 Revenues 567.5 600.8 620.8 1,789.2 598.0 2,387.2 651.7 665.1 660.1 1,976.9 187.7 Operating 47.1 51.6 45.4 144.2 30.4 174.6 65.8 49.7 62.5 178.1 33.8 Profit Recurring 89.4 69.8 40.9

  7. Slide 7: Q3 Comparison by Segment

    Q3 Comparison by Segment Q3 Results Operating FY2023 FY2024 Year- Segment on-year (Billions of yen) Q1 Q2 Q3 Q1-3 Q4 Full-Year Q1 Q2 Q3 Q1-3 56.4 55.2 41.3 153.0 39.3 192.3 44.5 47.6 44.8 137.0 -15.9 Liner & Logistics Liner Trade 31.6 15.0 -1.3 45.3 22.5 67.8 53.7 122.9 73.5 250.2 204.8 Air Cargo 37

  8. Slide 8: Analysis of Change in Recurring Profit between FY2023 and FY2024

    Analysis of Change in Recurring Profit between FY2023 and FY2024 Q3 Results Analysis by factor Analysis by business P/L Increase Results P/L Decrease （billion yen） Yen \152.27/$ Depreciation 13.4 Depreciated by ¥9.41 Higher $624.74/MT Bunker Oil -0.2 Increased by $7.05/MT Prices Liner (incl. ONE) +2

  9. Slide 9: Full-year Forecast for FY2024

    2. Full-year Forecast for FY2024 Forecast Full-year forecast (Comparison with the forecast announced at the previous financial reporting) Revenues: JPY2,580.0 billion (up JPY40.0 billion) • Automotive: Up JPY15.0 billion • Logistics: Up JPY14.0 billion Recurring profit: JPY480.0 billion yen (up JPY

  10. Slide 10: Full-year Forecast: Recurring profit by segment

    2. Full-year Forecast for FY2024 Forecast Recurring profit by segment (Comparison with the forecast announced at the previous financial reporting) Liner Trade: JPY262.0 billion (up JPY57.0 billion) • In Container Shipping, although we expect that short-term freight rates will decline toward the end

  11. Slide 11: Full-year Forecast: Recurring profit by segment

    2. Full-year Forecast for FY2024 Forecast Recurring profit by segment (Comparison with the forecast announced at the previous financial reporting) Automotive: JPY115.0 billion (up JPY5.0 billion) • The profit level is expected to be on par with our previous forecast on the back of firm transport dem

  12. Slide 12: Summary of Forecast for FY2024

    Summary of Forecast for FY2024 Forecast FY2023(Result) FY2024(Forecast) Change Year-on- from 1H 2H 1H(Result) 2H Year Prev. Full-year Q3 Full-Year Forecast (Billions of yen) Q1 Q2 Q3 Q4 Q1 Q2 Q4 (Result) 1,168.3 1,218.9 1,316.8 1,263.2 Revenues 2,387.2 2,580.0 192.8 40.0 567.5 600.8 620.8 598.0 651.

  13. Slide 13: Forecast by Segment for FY2024

    Forecast by Segment for FY2024 Forecast Operating FY2023 (Result) FY2024 (Forecast) Segment Year-on- Q1 Q2 1H Q3 year (Billions of yen) Q1 Q2 1H Q3 Q4 2H Full-year Q4 2H Full-year (Result) (Result) (Result) (Result) 56.4 55.2 111.7 41.3 39.3 80.6 192.3 44.5 47.6 92.2 44.8 42.9 87.8 180.0 -12.3 Liner

  14. Slide 14: Forecast by Segment for FY2024

    Forecast by Segment for FY2024 Forecast Operating Change from Previous Forecast Revised Forecast Prev. Forecast Segment 1H 1H Q3 (Billions of yen) 2H Full-year Q4 2H Full-year Full-year (Result) (Result) (Result) 92.2 84.8 177.0 92.2 44.8 42.9 87.8 180.0 3.0 Liner & Logistics Liner Trade 176.6 28.4

  15. Slide 15: Appendix

    Appendix ©NYK Group. All rights reserved. 15

  16. Slide 16: Segment Overview: Air Cargo Transportation

    Segment-Overview: Liner & Logistics Segment 1．Air Cargo Transportation（NCA） FY2023(Result) FY2024(Forecast) Change 1H 2H 1H(Result) 2H from Prev. Full- Q3 Full-year Forecast Q1 Q2 Q3 Q4 year Q1 Q2 Q4 (Full-year) (Result) Revenue 77.8 83.3 92.6 92.4 161.1 185.0 1.0 (Billions of yen) 37 40.8 44.8 38.4

  17. Slide 17: Segment Overview: Logistics

    Segment-Overview: Liner & Logistics Segment 2．Logistics FY2022 FY20223(Result) FY2024(Forecast) Change (Result) 1H 2H 1H(Result) 2H from Prev. Forecast Full-year Q3 Full-year Full-year Q1 Q2 Q3 Q4 Q1 Q2 Q4 (Full-year) (Result) TEU 308 301 316 324 651 609 640 4 Ocean (1,000TEUs) 151 157 155 146 154 1

  18. Slide 18: Dry Bulker and Tanker Market Trend and Forecast

    Segment-Overview Segment 3．Dry Bulker and Tanker - Market trend and forecast Prev. FY2023 (Result) FY2024(Forecast) Forecast Q1 Q2 Q3 Q1 Q2 Q3 Q4 Full-Year Q4 Full-Year Full-year (Result) (Result) (Result) BDI 1,326 1,194 2,079 1,833 1,608 1,849 1,869 1,435 1,085 1,560 1,766 Dry Bulk Carriers Cape 1

  19. Slide 19: Segment Overview: Automotive Business

    Segment-Overview Segment 4．Automotive Business FY2023 (Result) FY2024(Forecast) Change from Prev. 1H 2H 1H(Result) 2H Forecast Full-year Full-Year (Full-year) Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q4 (Result) 227 224 219 224 All Trade 451 443 2 (10,000 Cars) 112 115 121 103 112 108 117 107 4% -3% -3% 0% Year-on-year

  20. Slide 20: Trends in Total Payout Ratio

    Trends in Total Payout Ratio FY2024 FY2020 FY2021 FY2022 FY2023 （Forecast / as of Feb 5, 2025) Profit attributable to owners 139.2 1,009.1 1,012.5 228.6 450.0 of parent（billion yen） Total Dividend 33.9 245.8 264.4 66.2 136.3 *2 Paid（billion yen） Total Share Repurchase Amount - - - 200.0 125.0 *3 （bi

  21. Slide 21: Financial Results for FY 2024 3rd Quarter (ONE)

    Financial Results for FY 2024 3rd Quarter January 31, 2025 1

  22. Slide 22: Index

    Index 1. FY 2024 3rd Quarter Results P.3 2. Liftings, Utilization, P.4 and Freight Index in Major Trades 3. FY2024 Full Year Forecast P.5 4. ONE’s Response to Recent Changes in the P.6 Business Environment 5. Reference (Fleet Structure, Service Structure & P.7 New Order) 6. 6. Appendix: Change of De

  23. Slide 23: FY2024 3rd Quarter Results

    1. FY2024 3rd Quarter Results Outline While the increase in vessel supply continued, spot freight rate remained firm with stable cargo movement. In Q3, ONE’s profit was US$1,156 million, significantly improved from the same quarter of the last year on a year-on-year basis. • The Asia-North America t

  24. Slide 24: Liftings, Utilization and Freight Index in Major Trades

    2. Liftings, Utilization and Freight Index in Major Trades FY2023 FY2024 Liftings / Utilization by Trades 1Q 2Q 1H 3Q 4Q 2H Full Year 1Q 2Q 1H 3Q Results Results Results Results Results Results Results Results Results Results Results Asia - North America Lifting (1,000TEU) 578 706 1,284 653 616 1,26

  25. Slide 25: FY2024 Full Year Forecast

    3. FY2024 Full Year Forecast Outline Full-year results for FY 2024 are expected to show a profit of US$4,034 million, exceeding the previous forecast by US$939 million, supported by the solid results up to the 3rd quarter. • With the traditional slack season approaching, slow down in cargo movement

  26. Slide 26: ONE's Response to Recent Changes in the Business Environment

    4. ONE’s Response to Recent Changes in the Business Environment ➢Cargo movements from Asia to North America in October and November increased by 15% year-on-year. While cargo movement peaked in September and subsequently declined, strong consumer spending and front loading in anticipation of possibl

  27. Slide 27: Reference (Fleet Structure, Service Structure & New Order)

    5. Reference（Fleet Structure, Service Structure & New Order) Fleet Structure Service Structure 1) As of end of 2) As of end of Size 2)-1) Sep 2024 Dec 2024 264,600 264,600 0 （FY2024 3Q Structure of dominant and 20,000TEU >= Capacity (TEU) non-dominant space allocation） Vessels 12 12 0 10,500TEU - 20

  28. Slide 28: Change of Demand and Freight Index

    6. Appendix Change of Demand and Freight index Liftings Freight Index (TEU) (FY2018 1Q=100) ©2025 Ocean Network Express Pte. Ltd. All Rights Reserved 8

  29. Slide 29: Legal Disclaimer

    Legal Disclaimer The above statements and any others in this document that refer to future plans, earning forecasts, strategy, policy and expectations are “forward-looking statements”, which are made based on the information currently available and certain assumptions. Words such as, without limitat

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