Nippon Steel Corp. · TSE:5401

Nippon Steel — Q3 FY2008 Earnings Presentation

30 slides from Nippon Steel's earnings presentation, Jan 29, 2009

  1. Slide 1: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    2009 3 2009 1 29 1 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  2. Slide 2: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    2009 3 2 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  3. Slide 3: (a) (A) (B)

    (A) (a) (B) (b) (B) (A) (b) (a) 8,790 6,151 2,639 9,068 3,088 -277 15 -449 2,786 1,991 795 2,784 948 +1 -153 1 2,354 1,607 747 2,372 809 -18 -62 2,394 1,657 737 2,458 837 -65 12 -100 2,620 1,823 797 2,688 924 -68 -127 2,349 1,637 712 2,427 823 -77 -111 103.9 100.2 112.4 79.6 80.2 +24 +32.2 33.0 33.5

  4. Slide 4: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    12,280 11,898 +382 1,480 1,436 +44 1,481 1,506 -24 * -568 28 -596 *( ) 504 866 -362 –579 < > <8.0> <13.8> <-5.8> 07/12 08/12 42% 07/3 08/12 49 –24 2,000 ( 100 ) 400 -20 +2,100 -240 +50 +190 1,000 +300 0 -1,000 -2,000 4 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  5. Slide 5: COG Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    38,302 35,061 +3,241 3,964 4,081 -117 4,104 4,346 -242 (2,622) (2,840) (-218) -464 206 -670 2,121 2,630 -509 < > <33.7> <41.7> <-8.0> –1,540 +1,300 ( ) 200 5,000 300 1,500 -7,400 4,000 +650 +150 3,000 +5,900 -210 300 -30 2,000 ( ) COG 5 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved

  6. Slide 6: B A B

    A B 3 3 B 12,280 1,480 11,898 1,436 +382 +44 10,676 1,455 9,883 1,249 +793 +206 1,987 24 2,368 181 -381 -157 926 37 825 56 +101 -19 143 8 251 33 -108 -25 442 -32 718 54 -276 -86 145 -7 209 4 -64 -11 328 19 363 31 -35 -12 -383 0 -353 4 -30 -4 6 Copyright (C) 2008 NIPPON STEEL Corporation All Rights R

  7. Slide 7: A B B

    A B B 38,302 3,964 35,061 4,081 +3,241 -117 33,013 3,751 29,513 3,599 +3,500 +152 6,423 234 6,804 489 -381 -255 2,614 97 2,331 122 +283 -25 398 30 565 77 -167 -47 1,812 47 2,213 185 -401 -138 504 -5 569 7 -65 -12 1,093 63 1,123 96 -30 -33 -1,134 -21 -1,255 -7 +121 -14 7 Copyright (C) 2008 NIPPON STE

  8. Slide 8: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    10,900 6,151 2,639 2,110 12,152 3,084 -1,251 -974 3,490 1,991 795 707 3,828 1,043 -338 -337 1 2,850 1,607 747 500 3,192 820 -340 -320 3,150 1,823 797 530 3,623 936 -470 -400 > <-420 > <-350 > <2,890 <1,657> <737> <500 > <3,311> <853> 2,840 1,637 712 490 3,290 863 -450 -370 104 100.2 112.4 105 79.8 8

  9. Slide 9: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    12,280 9,199 13,207 -4,008 ( 33%) 1,480 -364 1,374 -1,738 1,481 -504 1,294 -1,798 504 -371 919 -1,290 < > <8.0> <-5.9 > <14.6> < -20.5> –1,900 +100 –100 1,500 300 +100 ( ) –100 1,000 500 +250 -1,200 -600 0 -190 ( 350 ) * -20 -40 -500 1,300 -1,000 * -1,500 +1,200 9 Copyright (C) 2008 NIPPON STEEL Cor

  10. Slide 10: Q (B) (A

    08 Q ( ) (B) (A B) 21,478 12,280 9,199 -3,081 1,115 1,480 -364 -1,844 977 1,481 -504 -1,985 -603 -568 -35 +533 133 504 -371 -875 < > <2.1 > <8.0> < -5.9> <-13.9> –1,990 2,000 1,000 +150 1,000 –150 -200 -450 –200 -800 +100 0 -320 -40 +120 -1,000 10 Copyright (C) 2008 NIPPON STEEL Corporation All Righ

  11. Slide 11: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    47,500 38,302 9,199 54,000 -6,500 3,600 3,964 -364 5,400 -1,800 –1,770 3,600 4,104 -504 5,600 -2,000 –230 –170 1,750 2,121 -371 3,300 -1,550 < > <33.7> <-5.9 > <27.8> <52.4> <-24.6> -1,900 -100 320 ) 100 6,000 1,300 5,000 -500 230 +500 +130 4,000 -500 –250 150 ( ) –100 3,000 11 Copyright (C) 2008 NI

  12. Slide 12: COG Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    47,500 48,269 -769 54,000 -6,500 3,600 5,455 -1,855 5,400 -1,800 3,600 5,641 -2,041 5,600 -2,000 1,750 3,549 -1,799 3,300 -1,550 < > <27.8> <56.3> < -28.5> <52.4> <-24.6> -3,440 +1,400 7,000 ( 420 ) ( ) 200 –250 6,000 1,600 –200 1,600 * 5,000 -8,600 +900 -450 4,000 320 +7,100 3,000 -400 - 2,000 -70

  13. Slide 13: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    08 07 < > 3,800 ~ 3,598 -202 200 -10 214 -14 700 -150 938 -238 40 -20 126 -86 2,200 -500 2,890 -690 0 -170 210 -210 550 -300 761 -211 -20 -40 5 -25 1,650 ~ 1,653 -3 130 ~ 147 -17 8,900 -950 9,842 -942 350 -240 704 -354 13 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  14. Slide 14: (08/12E) (08/3E) 08/12E 08/3E

    08 3 (08/12E) 07 (08/3E) 08/12E 08/3E 53,024 51,934 +1,090 08/12 22,362 08/12 29,885 16,137 (NAMISA +2,600 ) +700 08/03 17,524 08/03 27,795 11,920 +760 +730 +4,838 +2,090 +4,217 +760 +2,600 08/12 17,967 08/03 19,087 08/12 30,661 -1,120 08/03 34,410 -3,749 +1,387 2,121 -693 –3,300 -2,507 ( ) 380 14 C

  15. Slide 15: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    15 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  16. Slide 16: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    16 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  17. Slide 17: 4Q 3Q 4Q

    10 1,000 2007 4Q 800 853 2008 3Q 600 737 100 500 400 2008 4Q 500 350 41 200 0 1,657 98 99 00 01 02 03 04 05 06 07 08 1,230 420 26 2007 3,311 2008 2,890 420 13 17 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  18. Slide 18: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    18 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  19. Slide 19: 01.1Q2Q 3Q 4Q02.1Q2Q 3Q 4Q03.1Q2Q 3Q 4Q04.1Q2Q 3Q 4Q05.1Q2Q 3Q 4Q06.1Q2Q 3Q 4Q07.1Q2Q 3Q

    1000 160 900 140 800 120 700 100 623615 5 88 584.1 600 572 567 573 561566 571.8 80 559 555 554 546557.6 542531 533533 537536 548 526525535537537543 536 512 520 524 518 512 503 500 464463 458 470.7 60 447456 429 421 426 419 429441 413 414403405 403407 409402409407 393 398 393 393 389 400 376371 376 3

  20. Slide 20: ST 5.0 4.5 4.0 3.5 3.0 2.9 2.5 00 2.0 200 1.5 1 2

    900 ST 5.0 800 4.5 700 4.0 600 3.5 500 468 3.0 2.9 400 2.5 300 2.0 200 1.5 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 2005 2006 2007 2008 *2007 1 2006 12 20 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  21. Slide 21: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    1,400 1,200 11 1 1,000 800 12 555 600 511 400 482 3 200 0 02 1 7 03 1 7 04 1 7 05 1 7 06 1 7 07 1 7 08 1 7 09 1 3 21 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  22. Slide 22: H 19mm (1.0xS)

    < > H ( ( 140 140 125 120 120 100 100 102 94 19mm (1.0xS) 90 80 80 H 60 60 (200mm 100mm) (2.3xS) 40 40 20 20 0 0 00 01 02 03 04 05 06 07 08 1 00 01 02 03 04 05 06 07 08 1 22 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  23. Slide 23: (RMB/metric ton) (RMB/metric ton) 08.1Q4

    9,000 9,000 (RMB/metric ton) (RMB/metric ton) 7,000 7,000 5,000 5,000 18 17 3,000 3,000 08.1 2 3 4 5 6 7 8 9 10 11 12 08.1Q4 5 2Q 7 8 9 10 11 12 1 2 3 23 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  24. Slide 24: (US$/dmt) (US$/wmt)

    ( ) 140 350 (US$/dmt) ( ) (US$/wmt) 120 300 100 2008 250 2008 +96.5% +200% 80 200 60 2008 150 +65% 100 40 2008 +79.9% 20 50 +200% 0 0 03 04 05 06 07 08 03 04 05 06 07 08 80,000 1,000 160 900 120 /MT) (US$/t,) US$/bbl) US$/MT) US$/t 170 t ) 70,000 CIF 900 140 800 100 800 700 60,000 120 700 600 80 50,

  25. Slide 25: US$/t t US$/

    140 160 1,200 US$/t 170 t US$/bbl US$/ - 108.9 140 (JAPAN) 120 1,000 140.73 120 100 800 801.25 100 OPEC 80 (JAPAN) 80 600 60 47.5 60 400 40 40.31 40 277.5 200 20 20 16.0 5.5 0 0 0 03 04 05 06 07 08 09 03 04 05 06 07 08 09 25 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  26. Slide 26: MB US$/t US$/t CIF US$/t, CIF

    4,000 7,000 1,000 120,000 MB US$/t US$/t CIF US$/t, CIF /MT 3,500 5,700 920 3,118 6,000 100,000 800 3,000 5,000 740 2,475 80,000 2,500 600 4,000 73,538 2,000 60,000 3,000 2,775 400 1,500 1,530 1,475 40,000 2,000 340 10 310 1,000 200 31,431 20,000 1,000 500 0 0 0 0 03 04 05 06 07 08 09 03 04 05 06 07

  27. Slide 27: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    27 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  28. Slide 28: 2002 2008 (Gr) -2 251 258 +91 +27 +118 73 +1 72 67 69

    03 05 00 02 2002 2008 3 08 (Gr) 07 06 05 02 3 252 -2 254 258 251 258 +91 +27 +118 73 +1 72 67 69 86 -97 -40 -137 325 -1 326 325 320 344 - 6 -13 -19 < > 28 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  29. Slide 29: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    07/7/23 958 07/09/28 827 07/12/28 692 17,963 642 07/01/15 17,210 16,127 08/03/31 15,308 505 08/09/30 12,526 387 10 11,260 21 08/12/30 8,860 09/01/28 8,106 290 281 29 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

  30. Slide 30: Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

    30 Copyright (C) 2008 NIPPON STEEL Corporation All Rights Reserved.

Nippon Steel — Q3 FY2008 Earnings Presentation on 6ix