Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — H1 FY2006 Earnings Presentation
19 slides from Kawasaki Kisen Kaisha's earnings presentation, Nov 10, 2006
Slide 1: Financial Highlights: Brief Report for 1st Half FY2006
Financial Highlights Brief Report for 1st Half FY2006 10 November 2006 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Agenda
Agenda • Financial Highlights for 1st Half FY2006 - Financial Results for 1st Half FY2006 - Key Points for 1st Half FY2006 - Outline of Division-wise Results • Prospects for FY2006 - Prospects for FY2006 - Business-wise Revenues Profits - Key Points for FY2006 Prospects - Outline of Division-wise Pr
Slide 3: A. Financial Results for 1st Half FY2006
A. Financial Results for 1st Half FY2006
Slide 4: A-1. Financial Results for 1H FY2006
A-1. Financial Results for 1H FY2006 (Unit: billion yen) 1H 06F YoY Prospects 1H 05F YoY Comparison Results Conparison as of August Results Comparison (%) '06 (b) (a)-(b) (a) Operating Consoli 518.0 454.8 63.3 13.9% 515.0 3.0 Revenues Non 410.0 362.9 47.1 13.0% 405.0 5.0 Operating Consoli 23.5 50.2
Slide 5: A-2. Key Points for 1H FY2006
A-2. Key Points for 1H FY2006 [YoY comparison] Revenues increase +63.3 billion yen, Profits decrease -25.0 billion yen [Comparison with Prospects as of August ’06] Both revenues and profits decrease Revenues increase factor: Business expansion in all divisions, weakened yen, etc. Profits decrease fa
Slide 6: A-3. Results 1H 2006F (Container Business)
A-3. Outline of Division-wise Results 1H 2006F (for Container Business) YoY comparison : Revenues increase / profits decrease. (Operating revenues 243.9, Ordinary Income -3.2 billion yen), Comparison with prospects as of August: Both revenues and profits slightly decrease. • Business expansion: All
Slide 7: A-4. Results 1H 2006F (Dry Bulk Carriers)
A-4. Outline of Division-wise Results 1H 2006F (for Dry Bulk Carriers) (Dry Bulk Carriers) Revenues increase / profits decrease (YoY) • Business expansion with delivery of new ships (10 Vessels (1H)) (Operating Tonnage : 84.5 mil. Ton >>> 92.5 mil. Ton, +9.4% (YoY)) • Market Large-size Vessel : Afte
Slide 8: A-5. Results 1H 2006F (Car Carriers)
A-5. Outline of Division-wise Results 1H 2006F (for Car Carriers) (Car Carriers) Revenues increase / Profits increase (YoY) • Loaded volume increase (including intra-Europe service) : 1,308 thousand >>> 1,522 thousand units (YoY +16.4%) - Cargo movements rise for North America and Europe from Far Ea
Slide 9: A-6. Results 1H 2006F (Energy Transportation)
A-6. Outline of Division-wise Results 1H 2006F (for Energy Transportation) (Energy Transportation) Revenues increase / profits increase (YoY), Comparison with prospects as of August: Both revenues and profits almost flat • LNG Carrier : Stable operation in each project (total 31 vessels) • Tanker :
Slide 10: A-7. Results 1H 2006F (Other businesses)
A-7. Outline of Division-wise Results 1H 2006F (for Other businesses) • Short Sea/Coastal Shipping : Revenues increase / Profits decrease (YoY) Secured stable cargo volume but affected by bunker price • Logistics: Revenues & Profits increase (YoY) Steady cargo movements in both marine and air transp
Slide 11: B. Prospects for FY2006
IN KLINE B. Prospects for FY2006
Slide 12: B-1. Prospects for FY2006
B-1. Prospects for FY2006 (Unit : billion yen) Prospects 06FY 05FY 1H 2H as of Comparison Prospects 05FY Comparison Comparison Results Prospects August (a)-(b) (a) Results (%) (b) Consoli 518.0 532.0 1,050.0 1,020.0 30.0 940.8 109.2 11.6% Operating Revenues Non 410.0 420.0 830.0 810.0 20.0 742.6 87.
Slide 13: B-2. Business-wise Operating Revenues/Ordinary Profit Loss
B-2. Business-wise Operating Revenues/Ordinary Profit Loss (Unit:billion yen) 06FY 05FY Yearly 1H 2H Yearly 1H 2H Yearly Comparison Operating Revenues 243.9 256.1 500.0 222.8 228.6 451.4 48.6 Container Business Ordinary Profit & Loss ▲ 3.2 ▲ 1.6 ▲ 4.8 20.6 9.9 30.5 ▲ 35.3 Operating Revenues 274.1 27
Slide 14: B-3. Key Points for FY2006 Prospects
B-3. Key Points for FY2006 Prospects Revenues increase/Profit decrease (YoY), +4.0 bln. yen from estimation as of August, (1st Half: -1.9, 2nd Half +5.9 bln. yen) - Pre-conditions for 2nd half: Fuel oil price $350 >>> $315, Exchange rate ¥110 >>> ¥115 - Containership: Stable cargo movements, Freight
Slide 15: B-4. Outline of Division-wise 2006F Prospects
B-4. Outline of Division-wise 2006F Prospects (Container Business ) Revenues increase / profits decrease (YoY), 3.5 bln. yen down from estimation as of August (1H -1.4 bln. yen, 2H -2.1 bln. yen) - Stable cargo volume, Despite efforts to cost reduction including reorganization of service routes, tot
Slide 16: B-5. Cost Reduction
B-5. Cost Reduction (Unit: billion yen) 06FY Cost saving items 1H 2H Yearly Operating Cost reduction 3.4 4.7 8.1 Container equipment related cost reduction 0.7 0.4 1.0 Vessel cost reduction 0.2 0.5 0.7 Group Companies sales-related cost -0.1 0.4 0.3 Administrative cost reduction 0.1 0.1 0.2 Total 4.
Slide 17: B-6. Progress of "K"LINE Vision2008+ Fleet Upgrading Plan
B-6. Progress of “K”LINE Vision2008+ Fleet Upgrading Plan FY2006 FY2005 No. of vessels to be received in FY2005, 1H 2H Total Containership 5 6 4000TEU 3 and 2006 5500TEU 2 3 3 8000TEU 3 3 Dry Bulkers 19 22 Capesize 8 3 6 9 Panamax 3 4 4 “K”Line Vision2008+ = Fleet upgrading Handymax 5 2 2 4 SmallHan
Slide 18: B-7. Progress to Stabilize Profits
B-7. Progress of “K”LINE Vision2008+ Progress to Stabilize Profits Accumulation of stable profits Division-wise stable profits Stable Income 70 (UNIT :Billion Yen) Ordinary Income 60 Coastal/Others 150 Logistics Coastal/Others 50 Logistics Energy Transportation 120 Coastal/Others Logistics Energy Tr
Slide 19: B-8. Major Financial Indices
B-8. Progress of “K”LINE Vision2008+ Major Financial Indices (Unit: billion yen) 05FY 06F 1H 06FY (Unit: billion yen) Results Results Prospects Cash Flows from 450 140% 72.3 20.8 63.0 Operating Activities 400 (Depreciation) (28.6) (15.2) (31.2) 120% Cash flows from 350 △ 83.3 △ 60.2 △ 100.0 100% Inv
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