Nippon Yusen Kabushiki Kaisha · TSE:9101
Nippon Yusen Kabushiki Kaisha — FY2005 Earnings Presentation
22 slides from Nippon Yusen Kabushiki Kaisha's earnings presentation, May 2006
Slide 1: Financial Results for FY06/3 and Prospect for FY07/3
Financial Results for FY 06/3 and Prospect for FY 07/3 and Mid-term Management Plan New Horizon 2007 Update May 2006
Slide 2: Summary of Whole FY06/3
Summary of Whole FY06/3 1) Record High Results in Revenue and Net Income (Billion Yen) Revenue Ope.Profit Recurring Profit Net Income Whole FY 05/3 1,606.1 161.4 154.8 71.3 Whole FY 06/3 1,929.3 140.5 140.5 92.1 Change % 323.2 20% 20.9 -13% 14.4 -9% 20.7 29% 2) Shipping Divisions: Profit Decreased d
Slide 3: Analysis of Change in Recurring Profit between FY05/3 and FY06/3
Analysis of Change in Recurring Profit between FY05/3 and FY06/3 (Billion Yen Yen Depreciation 9.6 113.09 / Depreciated by 5.63/ Bunker Oil Price 26.8 $283.08 / Increased by $89.24/MT Market Effects etc 12.4 Shipping Market, Increase in Lifting etc Improvement of Non-Shipping Division 6.6 Total of 5
Slide 4: Comparison of Financial Result of FY06/3 vs FY05/3 by Industrial Segments
Comparison of Financial Result of FY06/3 vs FY05/3 by Industrial Segments (Billion Yen) Liner Other Elimination/ Revenue Logistics Terminal Cruise Real Estate Other Consolidated (Container) Shipping Unallocation FY 05/3 457.0 571.8 357.2 109.0 33.4 13.0 146.7 82.0 1,606.1 FY 06/3 539.2 677.7 426.4 1
Slide 5: Summary of Prospect for Whole FY07/3
Summary of Prospect for Whole FY07/3 1) Revenue / More than ¥2,000 Billion, Both Operating and Recurring Profit / ¥135 Billion, and Net Income / ¥89 Billion 2) Shipping Divisions: Profit Decrease due to Yen Appreciation and Bunker Price Hike, in Addition to the Weaker Market 3) Non-Shipping Division
Slide 6: Prospect for Whole FY07/3
Prospect for Whole FY07/3 (Billion Yen) FY06/3 (Actual) FY07/3 (Prospect) Change 1H 2H Whole 1H 2H Whole 1H 2H Whole 100.5 9.8 90.7 Revenue 899.5 1,029.8 1,929.3 1,000.0 1,020.0 2,020.0 11% -1% 5% Operating 19.5 14.0 5.5 80.5 60.0 140.5 61.0 74.0 135.0 Profit -24% 23% -4% Recurring 16.2 10.8 5.5 79.
Slide 7: Analysis of Change in Recurring Profit between FY06/3 and FY07/3
Analysis of Change in Recurring Profit between FY06/3 and FY07/3 (Billion Yen Yen Apreciation 5.3 110.00 / Apreciated by 3.09/ Bunker Oil Price 14.1 $330.00 / Increased by $46.92/MT Market Effects etc 5.6 Shipping Market, Increase in Lifting Improvement of Non-Shipping Division 8.4 Total of 5 Non-Sh
Slide 8: Comparison of Financial Result/Prospect of FY06/3 vs FY07/3 by Industrial Segments
Comparison of Financial Result/Prospect of FY06/3 vs FY07/3 by Industrial Segments (Billion Yen) Liner Other Elimination/ Revenue Logistics Terminal Cruise Real Estate Other Unallocation Consolidated (Container) Shipping FY06/3 (Actual) 539.2 677.7 426.4 111.5 40.8 12.5 234.3 113.1 1,929.3 FY07/3 (P
Slide 9: Overview of Each Industrial Segments 1. Shipping Division – 1)
Overview of Each Industrial Segments 1. Shipping Division – 1) Container : Firm Cargo Movement through Slack Season. Freight Rate trend turned up in NE Trade. Container Lifting Result / Prospect (1,000TEU) FY05/3 FY06/3 FY07/3 Change (%) Change (%) (Actual) (Actual) (Prospect) Asia North America 656
Slide 10: Overview of Each Industrial Segments Shipping Division – 2)
Overview of Each Industrial Segments Shipping Division – 2) Shipping Market Forecast (Index) FY05/3 FY06/3 FY07/3 Forecast Actual Change Prospect Change Bulk Carriers (Capesize) 100 90 64 26 50 14 Bulk Carriers (Handysize) 100 90 73 17 65 8 VLCC 100 75 69 6 60 9 Bulk Carrier: Forecast Weaker Market
Slide 11: Overview of Each Industrial Segments 2. Logistics Segment (Earth/Air)
Overview of Each Industrial Segments 2. Logistics Segment (Earth/Air) 1) NYK Logistics (Earth) : Income Recovery Plan under “New Horizon 2007” in Process and Recurring Profit Growth to Continue in FY07/3. FY05/3 (Actual) FY06/3 (Actual) FY07/3 (Prospect) Recurring Profit ¥-1.3 Billion ¥3.6 Billion ¥
Slide 12: Overview of Each Industrial Segments 3. Terminal Segment 4. Cruise Segment
Overview of Each Industrial Segments 3. Terminal Segment 1) Terminal Business Expansion in Dalian Port in China Dailian RORO Terminal (NYK Holds 30% Stakes) Starts Operation Strategic Investment in the Subsidiary of Dalian Port (PDA), Operating Container and Oil Terminal and Logistics Services. 2) M
Slide 13: New Horizon 2007 Update
New Horizon 2007 Update 1) Started to “BRUSH UP” the Original Plan to Reflect the Change in Business Environment and the Expansion of Corporate Fundamentals (New Target Figures are Scheduled to be Announced in November 2006.) 2) Next Slide Shows the Financial Results of FY06/3 and Performance Foreca
Slide 14: New Horizon 2007 Update
New Horizon 2007 Update 1. Performance Result/Forecasts (Original) (Billion Yen) FY06/3 FY07/3 FY08/3 FY06/3 FY07/3 FY08/3 Actual Plan Plan Plan Plan Plan Revenue 1,929.3 2,020.0 2,030.0 1,640.0 1,750.0 1,800.0 Recurring Profit plus Interest Cost 156.1 158.0 165.0 165.0 175.0 175.0 Recurring Profit
Slide 15: Fleet Expansion Plan
Fleet Expansion Plan Size of Fleet, Number of New Buildings and Investments (Consolidated) March 2005 March 2006-2008 Bulk Carriers, March 31,2005 March 31,2008 Tankers, New Buildings LNG Carriers 371 106, ¥490Bil. 490 Etc. Container March 31,2005 March 31, 2008 Ships, Semi- New Buildings Container
Slide 16: Summary of NCA Financial Results for FY06/3
Summary of NCA Financial Results for FY06/3 1. NCA Financial Results for FY06/3 (Billion Yen) Prospect Actual for FY06/3 Feb. 06 1H 2H Whole Change Effect to NYK Revenue 55.7 - 55.7 55.7 0.0 (Consolidated) Rec. Profit 6.7 1.9 4.8 6.7 0.0 NCA Revenue 103.7 48.0 55.7 103.7 - Rec. Profit 10.4 5.6 4.8 1
Slide 17: NCA Phoenix Project
NCA Phoenix Project 2. NCA Phoenix Project Performance Target Phase-1 Phase-2 Phase-3 FY07/3 FY08/3 FY09/3 FY12/3 FY16/3 Revenue (Bil. Yen) 110.0 120.0 125.0 200.0 310.0 Rec. Profit (Bil. Yen) 0.2 3.0 7.0 18.0 37.0 Own Aircrafts 10 9 8 10 16 18 22 24 Ave. Age of Own Aircrafts 11.8 7.8 2.1 3.5 3.8 Ex
Slide 18: NCA Phoenix Project
NCA Phoenix Project 3. What We Will Do to Achievement the Target Improve the Cost Structure Accelerate the Fleet Replacement Plan Take Over the Operation and Maintenance Activities Promote Efficient Operation as Exclusive Cargo Carrier Reform Sales / Operation System as well as Global Network Trade-
Slide 19: NYK - Yamato Strategic Alliance
NYK - Yamato Strategic Alliance “NYK Group and Yamato Group Agreed to Enter into a Strategic Alliance” Business Partnership Establish J/V Yamato NYK Global Solutions Co.,Ltd Develop New Logistics Services by Combining Management Resources of Both Group Joint Operation in Airfreight Forwarding Busine
Slide 20: NYK - Yamato Strategic Alliance
NYK - Yamato Strategic Alliance 1) Business Partnership (a) Yamato NYK Global Solutions Co., Ltd., As a Platform, will Start its Activities from Establishment of Following New Logistics Services - Integrated Global Logistics Service for Japanese Exports and Imports - B to B Logistics Service Targeti
Slide 21: NYK - Yamato Strategic Alliance
NYK - Yamato Strategic Alliance 2) Capital Partnership (a) NYK’s Total Investment Acquisition of Shares of Yamato HD ¥6 Billion Capital Injection into a Newly Established J/V ¥1 Billion Acquisition of Shares of Yamato Logistics ¥3 Billion (b) Yamato HD’s Total Investment Acquisition of Shares of NYK
Slide 22: NYK - Yamato Strategic Alliance
NYK - Yamato Strategic Alliance 3) Advantage by Strategic Alliance (a) Develop New Logistics Service by Yamato NYK Global Solutions Target Revenue of ¥ 17 Billion, Rec. Profit of ¥ 1.5 Bil. in FY09 (b) Joint Operation in Airfreight Forwarding Business Cost Reduction and More Efficiency in Airfreight
Nippon Yusen Kabushiki Kaisha — FY2005 Earnings Presentation on 6ix