Korea Line Corporation · KRX:005880
Korea Line — Q1 2024 Earnings Presentation
20 slides from Korea Line's earnings presentation, 2024
Slide 1: Korea Line Corporation Investor Presentation 1Q24
KOREA LINE CORPORATION Investor Presentation 1Q24
Slide 2: Disclaimer
DISCLAIMER The financial information contained herein has been duly made subject to K-IFRS. The information contained in this material is for general purpose on matters of interest only, and it is strictly prohibited to use, distribute and/or copy all or any parts of the material without the prior c
Slide 3: Contents
CONTENTS Ⅰ. Company Overview Ⅱ. Business Performance Ⅲ. Appendix
Slide 4: 1. Company Overview
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 1. Company Overview □ Corporate Profile □ Status of Consolidated Subsidiaries Name KOREA LINE CORPORATION Subsidiary Corporation Name Main Business KLC Share(%) Share(%) Founded 12th Dec. 1968 Korea Line LNG Co., Ltd. Shipping Industry 100.00 -
Slide 5: 1. Company Overview - History
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 1. Company Overview - History 1984 2018 The birth of KLC Signed a CVC for two VLCCs with S-OIL Group based on the and GS CALTEX, respectively shipping 2007 Signed a COA for two VLOCs with rationalization policy A total of 16 orders were placed,
Slide 6: KLC and KL LNG Owned Fleet List
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 1. Company Overview – KLC and KL LNG Owned Fleet List □ Total : 50 vessels (KLC 32 vessels 4,845,694 DWT / KL LNG 18 vessels 2,181,523 CBM) Categories Vessel Name Built DWT Categories Vessel Name Built DWT SM PUMA 2016 206,93
Slide 7: KSC and CM Owned Fleet List
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 1. Company Overview – KSC and CM Owned Fleet List □ KSC Total : 13 vessels (1,296,351 DWT) Categories Vessel Name Built DWT Categories Built DWT YOUNGHEUNG 2010 179,221 SM NEWCASTLE 2010 179,194 SM SAMARINDA 2010 93,328 SM GL
Slide 8: Consolidated Basis Quarterly Business Performance
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. Consolidated Basis Quarterly Business Performance ■ Sales ■ OP ㅡ BDI ㅡ WTI (Unit : KRW bn) 515.2 392.7 349.8 354.7 362.8 14 0 12 0 10 0 94.58 76.79 76.24 126.7 80 2,044 60 1,824 40 1,015 73.6 20 59.9 46.3 50.3 30.0 1Q22 2Q22 3Q22 4Q22 1Q23 2
Slide 9: Consolidated Basis Sales of Department
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. Consolidated Basis Sales of Department □ 2024.1Q Sales ratio by Department LNG 44% 31% etc Shipping Tanker Sales Sales 12% Shipping Bulk 57% 56% Corporation (*) Sales(KRW bn) Business area Total Name Dedicated Tramper KLC
Slide 10: KLC and KL LNG Quarterly Business Performance
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. KLC and KL LNG Quarterly Business Performance □ Sales (Unit : KRW Bn) □ Operating Profit (Unit : KRW bn) 450.0 150.0 400.0 385.3 130.0 114.2 350.0 110.0 300.0 90.0 266.5 250.0 70.0 225.0 50.5 51.7 200.0 50.0 150.0 30.0 100.0 10.0 1Q23 2Q23 3
Slide 11: KLC & KL LNG Business Performance by Sector
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KLC & KL LNG business performance by sector □ Sales by business sector (Unit : KRW bn) □ 2024. 1Q Sales ratio by business sector Dedicated Tramper etc Dedicated detail BULK (38%) 13.1 142.9 5.1 7.7 5.0 etc 36.8 22.5 33.7 T
Slide 12: KLC and KL LNG Dedicated Carrier Service Segment
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KLC and KL LNG Dedicated Carrier Service Segment □ 2023.1Q Sales by Shipper (Unit : KRW bn) □ 2024.1Q Sales by Shipper (Unit : KRW bn) SNNC GS DEP SNNC GS DEP GLOVIS 3.4 (1%) 3.7 (2%) GLOVIS 3.3 (2%)4.0 (2%) 7.9 (4%) 7.4 (
Slide 13: KSC and CM Quarterly Business Performance
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 2. KSC and CM Quarterly Business Performance □ KSC Sales and OP (Unit : KRW bn) □ CM Sales and OP (Unit : KRW bn) ■ Sales ■ OP ■ Sales ■ OP 150.0 50.0 130.0 110.0 40.0 90.4 90.0 85.6 71.5 30.0 70.0 61.2 57.9 20.0 14.2 14.6 50
Slide 14: Consolidated Basis Major Financial Ratio
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. Consolidated basis Major Financial Ratio □ FY 2024.1Q Debit Ratio (Unit : KRW bn) □ FY 2024.1Q Current Ratio (Unit : KRW bn) Total Debit Total Equity Total Ratio Current Asset Current Liability Current Ratio 1,500. 0 4,750. 0 292% 300% 4,250
Slide 15: KLC Major Financial Ratio
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. KLC Major Financial Ratio □ FY 2024.1Q Debit Ratio (Unit : KRW bn) □ FY 2024.1Q Current Ratio (Unit : KRW bn) Total Debit Total Equity Total Ratio Current Asset Current Liability Current Ratio 1,500. 0 2,500. 0 257% 300% 125% 150% 1,300. 0 1
Slide 16: Future Prospect and Management Strategy
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. Future Prospect and Management strategy □ Dry Bulk Cargo Volume (Unit : mil. DWT) source : MSI DSPS Report(2023.4Q) Ore Coal Grain etc 2,172 2,171 1,764 1,860 2,010 2,087 2,100 2,066 1,719 1,698 570 630 474 481 530 535 540
Slide 17: Dedicated Carrier Service Routes
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. Dedicated Carrier Service Routes ORE COAL OIL LNG RUSSIA CANADA KOREA USA AG INDIA BRAZIL S.AFRICA GLADSTONE W.AUS E.AUS 17
Slide 18: KLC Global Service Route
Ⅰ. Company overview Ⅱ. Business Ⅱ. 경영실적 Performance Ⅲ.Ⅲ. Appendix Appendix 3. KLC Global Service Route CANADA / AMERICA BRAZIL AFRICA MIDDLE EAST INDONESIA Port of loading Port of loading Port of loading Port of loading Port of loading PRINCE RUPERT, ROBERTS TUBARAO, ITAGUAI, PDM NACALA RAS TANURA,
Slide 19: Consolidated Financial Statement Summary
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 3. Consolidated Financial Statement Summary Income Statement & Financial Satements (Unit : KRW mil, Consolidated) 2024.1Q 2023.1Q FY 2023 FY 2022 Sales 515,213 354,726 1,397,365 1,612,014 Operating Profit 126,747 59,875 249,957 267,672 Net Prof
Slide 20: Financial Statement Summary
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 3. Financial Statement Summary KLC&KL LNG Income Statement & Financial Statement (Unit : KRW mil, Non-Consolidated) 2024.1Q 2023.1Q FY 2023 FY 2022 Sales 290,725(94,578) 130,968(94,067) 590,089(367,516) 621,426(333,429) Operating Profit 75,178(