Dimerco Express Corporation · TPEX:5609
Dimerco Express — Institutional Investors Conference 2024-11-26
24 slides from Dimerco Express's conference presentation, Nov 26, 2024
Slide 1: 中菲行國際物流股份有限公司 法說會
中菲行國際物流 股份有限公司 法說會 November 26, 2024
Slide 2: 2024 Air Freight Market Review
2024 Whine Sms giAn DIMERCO )
Slide 3: 台灣空運市場 - 市場貨量增長顯著
1. 台灣空運市場 - 市場貨量增長顯著 今年 1/1至11/24 月台灣空運總噸數 137.0 萬噸較 2023 年 128.6 萬噸增加 8.4 萬噸（約 6.5%），其中出口較去年成長 11.1%，進口成長 11.7%。與2019 年空運總噸數持平。 年份比較 出口 進口 總貨量 （1/1-11/24） 2024 vs 2023 +11.1% +11.7% +6.5% 2024 vs 2019 +7.3% +7.3% +0.0% 3
Slide 4: Industry CTK and ACTK charts
N ty Se St i Ii Brig - Chart 1 — Industry CTK, billion Billion 26 24 22 20 18 16 14 12 rte eeeeeaans HQaAKSegaeeaasd repee22ee SH5RRAGLRRARS Segeageggaggaggaggaggag3 Actual ‘Seasonally adjust Source: IATA Sustainability and Economics using data from IATA Information and Data - Monthly Statistics KBR
Slide 5: 全球航空貨運市場 - 需求穩定增長
2. 全球航空貨運市場 - 需求穩定增長 Air Cargo Market in Detail September 2024 September 2024 Region World Share *1 (% year-on-year) (% year-to-date) CTK ACTK CTK ACTK Total Market 100.0% 9.4% 6.4% 12.6% 8.4% Africa 2.0% 1.7% 13.9% 11.9% 17.3% Asia Pacific 33.3% 11.7% 8.5% 15.6% 12.4% Europe 21.4% 11.7% 7.5% 13.6%
Slide 6: 供需平衡
3. 供需平衡 • 目前航空貨運市場供需平衡，預期此狀況可維持 至2025年農曆年，價格波動有限。 6
Slide 7: 中菲行的策略與優勢
4. 中菲行的策略與優勢 • 靈活調整策略 • 合理成本管理 • 全球網絡支持 • 航司合作夥伴關係 7
Slide 8: 2025 Air Freight Outlook
2025 FM wins Sah S) FT EK By DIMERCO )
Slide 9: 經濟展望
1. 經濟展望 • 根據KPMG《2024台灣CEO前瞻大調查》，84%的 台灣CEO對未來景氣發展持樂觀態度，高於全球 平均。然而，國際貿易環境的不確定性，特別是 美中貿易緊張局勢，仍是潛在挑戰需密切關注。 9
Slide 10: 地緣政治影響貨運需求
2. 地緣政治影響貨運需求 • 中國出口受限 • 供應鏈轉移效應 • 電商貨量存在變數 10
Slide 11: 市場挑戰與運價趨勢
3. 市場挑戰與運價趨勢 • 電子產品需求持續增長 • 艙位供需平衡 • 「中國+1」影響仍待觀察 11
Slide 12: Ocean Market Outlook
Ocean Market Outlook - 2024/11/26 法說會 Prepared by Peter Lin November 26, 2024
Slide 13: Executive Summary
Executive Summary EXECUTIVE SUMMARY | THE GLOBAL ECONOMY CONTINUES TO EXPAND AT THE EXPECTED RATE. THE DECLINE IN ACTIVITY IN MANUFACTURING IS HOWEVER A SOURCE OF CONCERN Category Key Insights • Global GDP growth continues at expected rate (2.7% in 2024, 2.8% in 2025) but highly imbalanced. Global m
Slide 14: Global Economy: Manufacturing Export Orders
GLOBAL ECONOMY | MANUFACTURING EXPORT ORDERS FELL BELOW THE 50 THRESHOLD IN JUNE AND CONTINUED TO DECLINE SINCE AUG. THE RECOVERY IN INDUSTRIAL ACTIVITY STALLED IN Q3 Export Orders and Global Container Trade Global Investment, consumption and container trade Growth (% y/y) Business Activity (50=Neut
Slide 15: Container Demand by Region
CONTAINER DEMAND | CONTAINER TRADE MAINTAINS STRONG GROWTH GLOBALLY. DEMAND SHOWS UNEXPECTED STRENGTH FOR EUR IMPORTS AND INTRA TRADE, WHILE EUR EXPORTS STAY LOW 6.9 Global Europe North 7.0 0.6 America 14.6 4.3 Far East 7.8 Intra West Central 2.2 11.2 Europe Asia 6.4 3.1 -1.0 Intra Intra America 7.1
Slide 16: Global Container Market growth forecasts
Global Container Market | External forecasters anticipate container market growth of 3-5.5% in 2024 Global container growth (%) 14 Estimate for total market 12 growth in 2024 is in the 2022 2023 2024 range of +2.5% to +4.5%. 10 8 6 5.5 5.0 4 3.0 2 0.7 0.3 0.0 0 -0.5 -0.3 -2 -0.9 -4 -3.7 -4.5 -6 An E
Slide 17: Container Ships Supply: Deliveries and Idling
CONTAINER SHIPS SUPPLY | THE LARGE INFLUX OF DELIVERIES CONTINUED IN Q2 AND HELPED ADDRESSING THE REORGANISATION OF NETWORKS AFTER THE RED SEA CRISIS. IDLING REMAINS LOW Net deliveries Idling TEU ‘000 Idle TEU as % of cellular fleet Deliveries Scrapping Net deliveries 1,000 929 12% 12% 800 740 10% 1
Slide 18: Container Ships Supply: Industry Orderbook
CONTAINER SHIPS SUPPLY | THE INDUSTRY ORDERBOOK HAS REBOUNDED STRONGLY SINCE END OF 2020, AND ALTHOUGH IT HAS STARTED TO DECLINE, IT REMAINS ELEVATED The industry orderbook is declining but remains elevated… Evergreen having the largest % of orderbook relative to fleet followed by PIL, HMM and CMA C
Slide 19: Freight Rates: CTS Global Price Index
FREIGHT RATES | CTS GLOBAL PRICE INDEX AND CHARTER INDEX SLIGHTLY DECLINED IN AUGUST COMPARED TO JULY. AFTER A RAPID PICK UP, SPOT RATES LOST MOMENTUM SINCE SEPTEMBER SCFI freight rates Bunker index, charter rates and CTS price index Index (2011= 100) Bunker Price Index (lhs) Charter Index (rhs) CTS
Slide 20: Ocean Freight Market – December 2024
OCEAN FREIGHT MARKET – DECEMBER, 2024 Spot Rates Diverge in Long-Haul and Intra-Asia Markets Spot rates in the long-haul and intra-Asia markets have moved in opposite directions. Carriers attempts to impose November GRI (General Rate Increase) schemes for long-haul Europe and Mediterranean Westbound
Slide 21: 結論與展望
結論與展望 • 2025年航空貨運需求動能存在，運價走勢將視美 國新政府貿易政策而定，關稅政策對市場貨量影 響需進一步觀察。 21
Slide 22: 結論與展望 - 挑戰與不確定性
結論與展望 • 挑戰與不確定性 地緣政治影響可能加劇出口政策變數，亞洲特別 是東南亞的增長未必能完全抵消中國市場萎縮的 影響，市場前景存在波動風險。 22
Slide 23: 結論與展望 - 展望未來
結論與展望 • 展望未來 中菲行憑借靈活應對能力、與航空公司合作夥伴 關係及多樣化運輸方案，協助客戶合理控制物流 成本，提供高效穩定的服務，應對供應鏈挑戰並 保持市場競爭力。 23
Slide 24: Dimerco - Connecting Asia with the world
DIMERCO /) Connecting Asia with the world
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