Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2021 Investor Conference
26 slides from Yang Ming Marine Transport's conference presentation, Nov 26, 2021
Slide 1: Yang Ming Marine Transport Corp. 2021 Investor Conference
Yang Ming Marine Transport Corp. 2021 Investor Conference 2021.11.26 1
Slide 2: Legal Disclaimer
Legal Disclaimer The information contained in this presentation, including all forward-looking information, is subject to change without notice, whether as a result of new information, further events or otherwise, and Yang Ming Marine Corp. (the “Company”) undertakes no obligation to publicly upda
Slide 3: Outline
Outline 1、 Container Shipping Overview 2、 Business Information 3、 Financial Results 4、 Operational Future Prospects 3
Slide 4: Container Shipping Overview
Container Shipping Overview 4
Slide 5: Economic Outlook
Economic Outlook The global economy is set to expand 5.9 percent in 2021 and 4.9 in 2022. Pandemic outbreaks in critical links of global supply chains have resulted in longer-than-expected supply disruptions, further feeding inflation in many countries. Speeding up the vaccination of the world popul
Slide 6: 2021 supply and demand forecast
Supply and Demand 2021 supply and demand forecast • Drewry, and Clarksons research forecast demand will exceed supply with a rebound in port handling activity in 2021. Disruption in the global supply chain is worsening, extending the recovery timeline to the end of 2022. Demand-Supply % 2019 2020(E)
Slide 7: Disruption in the global supply chain
Disruption in the global supply chain • Drewry’s port throughput prospects for 2021 is a downgrade from previous guidance of 10.1% to 8.2% , since when turmoil in the supply chain crisis has worsened. For 2022, Drewry have retained the previous guidance for a 5.2% uplift, although rising inflationar
Slide 8: Marine Fuel Oil Price Outlook Singapore market price
Marine Fuel Oil Price Outlook Singapore market price • With the increase of vaccine coverage, United States has re-opened border to the travelers, who has vaccinated, on Nov/08. The economy is gradually recovering and the crude oil demand rises in the same time. • Brent has hit the 7-year high in th
Slide 9: Business Information
Business Information 9
Slide 10: The Proportion of Consolidated Operating Income
The Proportion of Consolidated Operating Income ★AWE、PSW 、PNW ★Intra-East Asia America ASIAI 32% 8% ASIAII 16% ★Middle East, Red sea, South America, Australia, South Asia EUROPE 44% ★NCP、MED、TA、IEU Data interval:202101~202109 10
Slide 11: Lifting Volume Analysis - Lifting Volume in Year 2021 decreased by 10% YOY
Lifting Volume Analysis- Lifting Volume in Year 2021 decreased by 10% YOY 202001~09：3.66 million TEU 202101~09：3.31 million TEU America Europe Asia I Asia II America Europe Asia I Asia II 14.46% 16.70% 29.87% 27.40% 24.57% 23.76% 32.14% 31.10% 11
Slide 12: Market Share and Rank
Market Share and Rank • As of 17th NOV 2021, YM’s market share is ranked 9th in the world. Source: Alphaliner, 17th Nov 2021. 12
Slide 13: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relatively balanced on trade capacity • THE Alliance accounts for 20% of • When it comes to East-West Market global ship capacity, about 4.8 million share scale, 2M+ZIM is more European- TEU, same level as last prediction. based, and OCEAN Alliance is largely • 2
Slide 14: Financial Results
_— — Financial Results YANG MING
Slide 15: The Proportion of Consolidated Operating Revenue of Yang Ming Group
The Proportion of Consolidated Operating Revenue of Yang Ming Group 陽明海運 集 團 Logistics Bulk Container Shipping Wharf 4.15% 1.04% 94.67% 0.11% 15
Slide 16: Consolidated Income Statement
Consolidated Income Statement Unit：NT$ Million Items 2021Q3 Operating Revenue 231,006 Gross Profit 140,583 Operating Income(Loss) 133,959 Net Income(Loss) 110,100 Profit(Loss),attribute to owners of the parent 109,878 EPS 32.73 16
Slide 17: Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin
Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin Unit：NT$100 Million Operating Revenue Gross Profit(Loss) Margin Net Income(Loss) Margin 1050 70% 1000 955 65% 950 60% 900 55% 850 800 50% 733 750 45% 700 40% 623 650 35% 600 30% 550 460 25% 500 450 404 20% 387 385 3
Slide 18: Consolidated Operating FRT rate and Fuel price
Consolidated Operating FRT rate and Fuel price Unit：USD/TEU Unit：USD/TON 3,200 650 2,979 2,602 2,800 550 485 450 472 511 2,400 430 2,422 407 2,069 504 450 370 342 2,000 331 1,804 1,807 1,795 323 321 350 1,600 1,886 1,457 250 1,140 1,200 918 150 800 1,002 400 50 0 (50) 202010 202011 202012 202101 202
Slide 19: Structure of Shareholders
Structure of Shareholders The latest closing date was March 16,2021 Government 35.39% Natural person 46.31% Financial institution Foreign 2.71% Legal entity investment 7.68% 7.91% Note : As of 2021.9.30, there is 32.06% of the shareholding ratio of government agencies. 19
Slide 20: Operational Future Prospects
Operational Future Prospects 20
Slide 21: Service Rationalization-Strategies
Service Rationalization-Strategies • Strengthen competitiveness and capacity on East-West East-West main routes with new deliveries and fleet adjustments. • Rationalize vessel deployment and rotation distribution, Network minimize global congestion impact, improve OTP. • Capacity increment push towa
Slide 22: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to 30 NOV 2021, there are 90 vessels in Yang Ming’s fleet, and total capacity is around 655,000 TEU 100 2021-2022 Own Vessels/Chartered-in Vessels / TTL Capacity 750,000 Own 717,000 vessels 39 40 44 666,000 700,000 Chartered- 50 655,000 in Vessels 650
Slide 23: Future Prospects
2021-2022 Future Prospects 2021Q4: 1. Gradually suspension of electric power restriction in China. No slow season in long haul trades this year and Intra Asia remains as strong as before. 2. The congestion at piers and offshore in North America and Europe have not appeared to 2021Q4 become much bett
Slide 24: Solutions for Environmental Regulations
Solutions for Environmental Regulations Diversify risks and cost saving Main solutions for IMO 2020 ECA Open sea Remark It will be taken into consideration as a Diversify risks and cost saving long term solution for next generation’s newbuilding plan after LNG (non-fossil fuel) Both adoptable a comp
Slide 25: Smart ship notation - 2800 TEU Container ship x 10
Smart ship notation -2800 TEU Container ship x 10 2020 Design Digital Analysis Center ES BOW Big data Best trim Best trim Smart ship ES Propeller Analysis (8,000 TEU CLASS) (14,000 TEU CLASS) (2,800 TEU CLASS) Smart Smart YANG MING YM YM Class Smart notation notation Rule Level application approval
Slide 26: Q&A
Q&A 26
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