Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q3 FY2008 Earnings Presentation
19 slides from Kawasaki Kisen Kaisha's earnings presentation, Jan 30, 2009
Slide 1: Financial Highlights: Brief Report for 3rd Quarter FY2008
Financial Highlights Brief Report for 3rd Quarter FY2008 30 January 2009 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Agenda
Agenda A. Financial Highlights for 3rd Quarter FY2008 A-1 Financial Results A-2 Key Points A-3 Outline of Division-wise Results B. Prospects for FY2008 B-1 Prospects for Yearly FY2008 B-2 Business-wise Operating Revenues/Ordinary Income B-3 Key Points for Yearly FY2008 Prospects B-4 Division-wise Tr
Slide 3: A. Financial Highlights for 3rd Quarter FY2008
A. Financial Highlights for 3rd Quarter FY2008
Slide 4: A-1-1. Financial Results
A-1-1. Financial Results （Unit:billion yen） FY2008 FY2007 YoY YoY Consolidated 1H Results 3Q Results YTD YTD Comparison Comparison (%) Operating Revenues 735.5 318.1 1053.6 984.6 69.0 7% Operating Income 74.7 14.9 89.7 100.7 ▲ 11.0 -11% Ordinary Income 75.1 6.6 81.8 101.0 ▲ 19.2 -19% Net Income 51.2
Slide 5: A-1-2. Financial Results (Business-wise)
A-1-2. Financial Results (Business-wise Operating Revenues/Ordinary Income) （Unit:billion yen） Business FY2008 FY2007 YoY YoY Segment 1H Results 3Q Results YTD YTD Comparison Comparison (%) Container Operating Revenues 314.8 134.3 449.1 453.6 ▲ 4.5 -1% Business Ordinary Pofit/Loss ▲ 5.9 ▲ 14.4 ▲ 20.
Slide 6: A-2. Key Points
A-2. Key Points ＜Y o Y Comparison＞ Revenues increase （+69.0 billion yen）/ Profit decrease（-19.2 billion yen） Factor of Revenues increase • Loading Volume Increase Factors of Profit decrease • High Yen Appreciation （14 yen/$ higher） • High Bunker Price（$181/ton higher） • Cost Increase 07F3Q YTD 101.0
Slide 7: A-3-1. Division-wise Results: Container Business
A-3-1. Outline of Division-wise Results －for Container Business－ ＜Y o Y Comparison＞ Operating Revenues 449.1 billion yen （Revenues decrease ▲ 4.5 billion yen ） Ordinary Income ▲ 20.3 billion yen ( Income decrease ▲29.9 billion yen) • Total loaded cargo volume（2,475 thousand TEU） , +1.5%(Y o Y) Negat
Slide 8: A-3-2. Division-wise Results: Dry Bulk Business
A-3-2. Outline of Division-wise Results －for Dry Bulk Business－ ＜Y o Y Comparison＞ Revenues Increase / Profit Decrease • Operating Tonnage: 157.2 mil. Ton , +2.0% (Y on Y) Negative Factors • Market for large-size : Market fell sharply in September. Worse than same period of last year. • Market for m
Slide 9: A-3-3. Division-wise Results: Car Carrier Business
A-3-3. Outline of Division-wise Results －for Car Carrier Business－ ＜Y o Y Comparison＞ Operating Revenues increase/Ordinary Income almost flat • Total units carried (inc. intra-Europe) ：2,585 thousand units（+2.7％(Y o Y)） • Loaded volume growth with reinforcement in transport capacity – Loading volume
Slide 10: A-3-4. Division-wise Results: Energy Transportation
A-3-4. Outline of Division-wise Results －for Energy Transportation － ＜Y o Y Comparison＞ Revenues increase / Profits increase LNG carrier ： 12 ships for the projects we got engaged delivered by 3Q of FY2008. Stable operation of 45 vessels in each existing project. Tanker ：Market of Aframax and Clean
Slide 11: A-3-5. Division-wise Results: Other Business
A-3-5. Outline of Division-wise Results －for Other Business－ （Heavy Lifter） <Consolidated from the end of FY2007> – Keeping high utilization ratio due to strong demand for large cargo such as wind power generator, transformer for electric power plant ,ship’s engine and demand for construction of oil
Slide 12: B. Prospects for FY2008
IN KLINE B. Prospects for FY 2008
Slide 13: B-1. Prospects for Yearly FY2008
B-1. Prospects for Yearly FY2008 (Unit: Billion Yen) (Unit: Billion Yen) FY2008 FY2007 Consolidated Yearly Prospects Revised Forecasts 1Q-3Q 4Q Balance Balance Yearly Balance Prospects as of Oct. Balance (%) Results Prospects (a)-(b) (%) Results (c) (a)-(c) (a) '08 (b) Operating Revenues 1,053.6 226
Slide 14: B-2. Yearly Prospects (Business-wise)
B-2. Yearly Prospects (Business-wise Operating Revenues/Ordinary Income) (Unit: Billion Yen) FY 2008 Prospects as FY2007 Business Balanace 1-3Q of Oct.'08 Segment (a)-(b) Balnace 4Q Yearly (a) (b) Yearly (ｃ) Results (a)-(ｃ） Container Operating Revenues 449.1 87.9 537.0 600.0 ▲ 63.0 599.8 ▲ 62.8 Busi
Slide 15: B-3. Key Points for Yearly FY2008 Prospects
B-3. Key Points for Yearly FY2008 Prospects <Comparison with prospects as of October ’08> : Operating Revenues Decrease ▲100.0 billion yen Ordinary Income Decrease ▲ 38.0 billion yen <YoY comparison> : Operating Revenues Decrease ▲51.0 billion yen Ordinary Income Decrease ▲ 58.9 billion yen (Compari
Slide 16: B-4-1. Division-wise Trends: Container Business
B-4-1. Division-wise Trends for Yearly FY2008 Prospects (Container Business) <Container Business> Operating Revenues : 537.0 billion yen, Ordinary Income: ▲33.8 billion yen <Comparison with prospects as of October ’08> : Revenues decrease (▲63.0 bln.yen ), Operating Income decrease (▲14.9 bln yen) <
Slide 17: B-4-2. Division-wise Trends: Dry Bulk/Car Carrier
B-4-2. Division-wise Trends for Yearly FY2008 Prospects (Dry Bulk Business/Car Carrier Business) <Dry Bulk Business> Revenues & Profit fall, YoY comparison/ compared to forecasts as of October ‘08 Profit decrease factors： Market level down, Cargo volume decrease caused by economic slowdown and credi
Slide 18: B-4-3. Division-wise Trends: Energy Transportation/Heavy Lifters
B-4-3. Division-wise Trends for Yearly FY2008 Prospects (Energy Transportation/Heavy Lifters) <Energy Transportation> <Comparison with prospects as of October ’08> : Revenues & Profit decline <YoY Comparison> : Revenues & Profit increase Revenue increase factors: Fleet expansion (14 LNG carriers & 5
Slide 19: B-5. Financial Indices
B-5. Financial Indices ’08F Yearly ’08F Yearly ’08F Yearly ’07F Yearly ’08F 3Q Prospects Prospects Prospects Results Results (original plan) (revised) (as of Oct. ‘08) Operating Revenues 1,331.0 1,053.6 1,280.0 1,340.0 1,380.0 Ordinary Income 125.9 81.8 67.0 121.0 105.0 Net Income 83.0 40.7 30.0 78.
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