Nippon Steel Corp. · TSE:5401

Nippon Steel — H1 FY2005 Earnings Presentation

40 slides from Nippon Steel's earnings presentation, Sep 8, 2005

  1. Slide 1: Copyright c 2005 NIPPON STEEL Corporation, Ltd. All rights reserved.

    2006 3 Copyright c 2005 NIPPON STEEL Corporation, Ltd. All rights reserved.

  2. Slide 2: 1

    1

  3. Slide 3: POCO OOOO EEE EEE HOSE ESET EEEE OOOO EE EOS OOOO ESSE SEE OHOO

    POCO OOOO EEE EEE HOSE ESET EEEE OOOO EE EOS OOOO ESSE SEE OHOO SEES ETOH OOOO TOS EEEEEOOO OSES TEES EEE OO SEE EEEEEDEOSOSES * 2005.9.8

  4. Slide 4: 18,634 15,092 3,542 18,400 12,454 9,414 3,040 12,300 6,180 5,678 502 6,100 80 3,013

    18,634 15,092 3,542 18,400 234 12,454 9,414 3,040 12,300 154 6,180 5,678 502 6,100 80 3,013 1,422 1,591 2,750 263 2,363 945 1,418 2,250 113 650 477 173 500 150 2,944 1,359 1,585 2,700 244 2,200 838 1,362 2,150 50 744 521 223 550 194 80 11 91 70 10 1,956 810 1,146 1,800 156 1,421 513 908 1,350 71 535

  5. Slide 5: *1 *3 1,940 *2 1,300 (+100 ) (-60 ) ; 185 110 75 285

    150 470 *1 90 *3 1,940 190 *2 1,300 200 (+100 ) 160 (-60 ) 1; 185 110 75 285 230, 150, 75 2; 3; 40 30 10 10 4

  6. Slide 6: 18,634 18,400 12,454 12,300 6,180 6,100 3,013 2,750 263 2,363 2,250 113 650 500

    18,634 18,400 234 12,454 12,300 154 6,180 6,100 80 3,013 2,750 263 2,363 2,250 113 650 500 150 2,944 2,700 244 2,200 2,150 50 744 550 194 80 70 10 1,956 1,800 156 1,421 1,350 71 535 450 85 5

  7. Slide 7: 76 28 48

    76 28 48 3 48 45 21 21 47 47 20 20 80 11 91 6

  8. Slide 8: A B A B

    A B A B 18,634 3,013 16.2% 15,092 1,422 9.4 % +3,542 +1,591 18,400 2,750 15,091 2,824 18.7% 12,089 1, 305 10.8 % +3,002 +1,519 14,900 2,630 1,277 24 -1.9 % 870 57 - 6.6 % + 407 + 33 1,200 30 385 45 11.7% 250 17 7.0 % + 135 + 28 380 40 1,800 116 6.5 % 1,585 115 7.3 % + 215 + 1 1,800 100 647 46 7.2 %

  9. Slide 9: (05/9E) (05/3E) 05/9E

    05 (05/9E) 04 (05/3E) 05/9E 05/3E 41,567 30,687 38,721 28,199 +2,846 +2,488 1 1,817 108 2 1 515 2 3 +1,622 +1,956 337 +1,083 3 cf. 13,574 (05.9 11,669 (05.3 8

  10. Slide 10: 9

    9

  11. Slide 11: H14 H14 D/E

    H14 H14 H15 H15 H16 H16 H17 H17 18,719 15,612 12,822 12,264 ( 558) D/E D/E (Debt (Debt Equity Equity ratio) ratio) 2.37 1.66 1.08 0.84 ( 0.24) H16 H17 558 517 2,944 872 967 1,281 1,051 337 378 10

  12. Slide 12: 11

    11

  13. Slide 13: POPP eee eee EEE EEO E EEE HEEEEE EOE EEEEEEEEE EEE EEE EEEEO LOOT

    POPP eee eee EEE EEO E EEE HEEEEE EOE EEEEEEEEE EEE EEE EEEEO LOOT EEE DOOEE EEE EEEESE LOOT EEEDEDELEL OLEH EEE EDEL EE 2005.9.8 12

  14. Slide 14: 38,650 18,634 33,893 15,092 4,757 3,542 25,500 12,454 21,478 9,414 4,022 3,040 13,150 6,180

    38,650 18,634 33,893 15,092 4,757 3,542 25,500 12,454 21,478 9,414 4,022 3,040 13,150 6,180 12,415 5,678 735 502 5,250 3,013 4,299 1,422 951 1,591 4,000 2,363 3,038 945 962 1,418 1,250 650 1,261 477 11 173 4,950 2,944 3,714 1,359 1,236 1,585 3,550 2,200 2,478 838 1,072 1,362 1,400 744 1,236 521 164

  15. Slide 15: 2,800 3,080 100*3 *1 90*2 (+200 ) (-110 ) 0 (-50 ) 1; 285

    2,800 350 3,080 100*3 400 *1 90*2 260 400 (+200 ) (-110 ) 130 (-50 ) 1; 285 110 75, 100 115 170, 150, 150 , 100 2; 3; 30 20 20 30 14

  16. Slide 16: 38,650 38,800 25,500 25,700 13,150 13,100 5,250 ,100 150 4,000 3,900 100 1,250 1,200

    38,650 38,800 150 25,500 25,700 200 13,150 13,100 50 5,250 5,100 150 4,000 3,900 100 1,250 1,200 50 4,950 4,900 50 3,550 3,700 150 1,400 1,200 200 130 90 40 3,200 3,100 100 2,300 2,300 900 800 100 15

  17. Slide 17: (A) (B) (A B)

    (A) (B) (A B) 38,650 18,634 20,016 1,382 25,500 12,454 13,046 592 13,150 6,180 6,970 790 5,250 3,013 2,237 776 4,000 2,363 1,637 726 1,250 650 600 50 4,950 2,944 2,006 938 3,550 2,200 1,350 850 1,400 744 656 88 130 80 50 30 3,200 1,956 1, 244 712 2,300 1,421 879 542 900 535 365 170 16

  18. Slide 18: *2 *3 *1 1; 70 70 50 20 150 150 2; 3; 130 20

    200 100 50 200 130 150 180 *2 140 *3 920 *1 1; 600 200 400 170 70 50 20 150 150 2; 3; 130 20 20, 30 17

  19. Slide 19: A B 38,650 5,250 13.6% 33,893 4,299 12.7% +4,757 + 38,800 5,100 30,650 4,680

    A B 38,650 5,250 13.6% 33,893 4,299 12.7% +4,757 + 951 38,800 5,100 30,650 4,680 15.3% 26,207 3,769 14.4% +4,443 + 911 30,900 4,580 3,000 90 3.0 % 2,798 66 2.4 % + 202 + 24 3,000 90 1,030 100 9.7 % 892 85 9.5 % + 138 + 15 1,030 100 3,700 260 7.0 % 3,311 263 8.0 % + 389 3 3,600 250 1,500 120 8.0 % 1,

  20. Slide 20: (A) ( ) (A B)

    (A) ( ) (A B) 38,650 5,250 18,634 3,013 20,016 2,237 + 1,382 776 30,650 4,680 15,091 2,824 15,559 1,856 + 468 968 3,000 90 1,277 24 1,723 114 + 446 138 1,030 100 385 45 645 55 + 260 10 * * * 3,700 260 1,800 116 1,900 144 + 100 28 1,500 120 647 46 853 74 + 206 28 1,230 0 568 4 662 4 94 8 27 13.6 19

  21. Slide 21: 20

    20

  22. Slide 22: H14 H14 D/E

    H14 H14 H15 H15 H16 H16 H17 H17 18,719 15,612 12,822 11,100 ( 1,720) D/E D/E (Debt (Debt Equity Equity ratio) ratio) 2.37 1.66 1.08 0.74 ( 0.34) H16 H17 1,720 1,180 4,950 1,870 2,040 2,070 1,530 340 880 21

  23. Slide 23: POOP CEH EEE OOO EEE EHH OEE E ESET EEE OOOO OEE EEOEOOO SOOO

    POOP CEH EEE OOO EEE EHH OEE E ESET EEE OOOO OEE EEOEOOO SOOO ETE EEOSO SOOT EET EEE OTOL EE EOESO OEE E EH ELESEDESOEEES Cee ceerecererrccccceeeeresesereeesererereeeeeeeeeeeelS 22

  24. Slide 24: 5,735 5,680 2,896 2,783 11,289 5,638 5,651 1,581 3,007 1,465 1,541 1 1,708 856

    5,735 5,680 2,896 2,783 11,289 5,638 5,651 1,581 788 793 3,007 1,465 1,541 1 1,708 856 852 3,279 1,608 1,671 <1,573> <785> <788> <2,988> <1,461> <1,527> 1,476 743 733 2,951 1,429 1,522 73.4 70.8 76.0 61.6 58.1 64.9 31.6 32.2 31.1 31.6 31.1 32.1 7 1 23

  25. Slide 25: 7,456 3,694 3,762 7,315 3,598 3,717 6,349 3,144 3,205 6,248 3,070 3,178 2,741 1,368

    7,456 3,694 3,762 7,315 3,598 3,717 6,349 3,144 3,205 6,248 3,070 3,178 2,741 1,368 1,373 2,795 1,376 1,419 3,608 1,776 1,832 3,453 1,694 1,759 585 286 299 487 241 246 1,337 659 678 1,308 641 667 1,107 550 557 1,067 528 539 119 62 57 119 62 57 7,086 3,747 3,339 7,070 3,723 3,347 1,600 775 825 1,400

  26. Slide 26: 526 512 503 466(05.8 ) 464 463 459 429 421 412 392 398 393

    623 615 572 567 574 559 555 548 542 531 533 533 537 536 520 526 512 503 466(05.8 ) 464 463 459 429 421 412 392 398 393 393 376 376 377 386 384 371 374 360 25

  27. Slide 27: (US$/t, CIF (US$/t FOB) (US$/t, FOB)

    2005.10. (US$/t, CIF ) (US$/t, FOB) (US$/t FOB) US$/t 170 t 26

  28. Slide 28: (US$/t LME

    2005.10. (MWM US$/lb-Mo) (MBM US$/kg-V) (OPEC , US$/ , ) (US$/t LME ) PLATT'S JAPAN 380CST, US$/ 27

  29. Slide 29: 05FY 04FY 03FY

    05FY 04FY 03FY 02FY 01FY 3,200 3,354 2,864 3,283 2,509 29 % 9% 12.5 % 34.1 % 13.9 % 28

  30. Slide 30: 1,350 1,960 1,600 1,840 1,850 1,805 2,100 1,920 250( 115) 0 1,430 1,200 1,340

    1,350 1,960 1,600 1,840 1,850 1,805 2,100 1,920 250( 115) 850 1,430 1,200 1,340 1,400 1,299 1,700 1,400 300( 100) 29

  31. Slide 31: (Gr) 259 258 44 1 45 48 60 25 1 26 25 26 69

    (Gr) 05 04 03 02 116 2 114 110 105 144 144 149 153 260 2 258 259 258 44 1 45 48 60 25 1 26 25 26 69 2 71 73 86 329 329 332 344 160 1 159 158 165 2002 2005 30

  32. Slide 32: ROS ROA D/E

    * 05 04 03 02 01 ROS / 15.8 11.0 5.9 2.5 0.6 ROA / * 14.6 10.1 5.3 2.6 1.2 / * 0.90 0.88 0.79 0.73 0.64 / * 5.47 5.99 5.41 4.92 4.37 / 35.2 30.7 25.3 21.0 22.5 / * 32.9 37.8 53.4 68.1 78.1 D/E / 83.9 107.9 166.3 237.2 222.3 1999 / . / / 31

  33. Slide 33: 05/9E 05/3E 04/9E 05/9E 05/3E

    05/9E 05/3E 04/9E 05/9E 05/3E 6,806,981 6,806,981 6,806,981 419,525 419,525 419,525 461,786 470,611 483,601 -8,825 05/9E 05/3E 04/9E 05/9 05/3E (25.2%) 1,715,283 (25.9%) 1,762,805 (26.3%) 1,789,094 ( 0.7%) -47,523 (40.7%) 2,767,777 (40.0%) 2,719,189 (41.0%) 2,792,196 ( 0.7%) 48,587 (10.3%) 701,699 (

  34. Slide 34: 55.9 40.0 40.7 25.9 25.2 21.5 23.8 23.0 20.2 10.3 9.5 2.4

    55.9 40.0 40.7 25.9 25.2 21.5 23.8 23.0 20.2 10.3 9.5 2.4 33

  35. Slide 35: 34

    34

  36. Slide 36: ROS ROA D/E

    02 03 04 05 27,493 29,258 33,893 38,650 ( ) 29,000 688 1,728 3,714 4,950 (235%) 2,500 ROS 2.5 5.9 11.0 12.8% (155%) 9 3 ROA 2.6 5.3 10.1 12.1% (148%) 9 2 7,894 9,385 11,884 15,100 (342%) 10,000 18,719 15,612 12,822 11,100 (280%) 16,000 D/E 2.37 1.66 1.08 0.74 (212%) 1.6 3 37,571 37,059 38,721 41,567

  37. Slide 37: 36

    36

  38. Slide 38: / / / 2005.4

    / / / 2005.4 37

  39. Slide 39: / / / 2005.4

    / / / 2005.4 38

  40. Slide 40: : http://www.nsc.co.jp/

    : http://www.nsc.co.jp/ 39

Nippon Steel — H1 FY2005 Earnings Presentation on 6ix