Slide 1: Business Performance in FY2024-2nd Quarter
Business Performance in FY2024-2nd Quarter 2024/10/31 Mitsui O.S.K. Lines, Ltd.
Slide 2: Contents
1. FY2024-2nd Quarter Results [Consolidated] P3-5 2. Outline of FY2024-2nd Quarter Results [Consolidated] P6-7 3. FY2024 Full-year Forecast [Consolidated] P8-11 4. Key Points of FY2024 Full-year Forecast [Consolidated] P12-13 Contents 5. (Reference) Progress of BLUE ACTION 2035 P14-16 [Supplement #1
Slide 3: FY2024-2nd Quarter Results [Consolidated]
1 FY2024-2nd Quarter Results [Consolidated] *as of July 31, 2024 FY2024 Previous FY2023 1H Result forecast* Variance 1H YoY (￥billion) Q1 Q2 1H FY2024 1H Result Revenue 435.9 464.6 900.6 933.0 -32.3 790.1 +110.5 Operating profit/loss 40.6 48.5 89.1 81.0 +8.1 49.3 +39.8 Business profit/loss (*1) 94.9
Slide 4: FY2024-2nd Quarter Results [By segment]
1 FY2024-2nd Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss *as of July 31, 2024 FY2024 Previous FY2023 1H Result forecast* Variance 1H YoY （¥ billion) Q1 Q2 1H FY2024 1H Result 106.5 107.0 213.5 231.0 -17.4 189.8 +23.6 Dry Bulk Business (excluding; Thermal Power Fuel Car
Slide 5: FY2024-1st Half Analysis [By segment] in ordinary profit/loss
1 FY2024-1st Half Analysis [By segment] in ordinary profit/loss (¥ billion) Upward Downward Total ＊as of July 31,2024 5
Slide 6: Outline of FY2024-2nd Quarter Results (I) [Consolidated]
2 Outline of FY2024-2nd Quarter Results(I) [Consolidated] [Overall] ◆ Business profit / Ordinary profit / Net income: +¥36.1billion / +¥19.0 billion /+¥16.6 billion from the previous forecast announced on July 31st. ◆ Major reasons for the change in profit: Sharp increase in freight rates in the con
Slide 7: Outline of FY2024-2nd Quarter Results (II) [Consolidated]
2 Outline of FY2024-2nd Quarter Results(II) [Consolidated] ◼ Liquefied Gas Transport ➢ LNG Carriers: Profit increased from the previous forecast as stable profit was accumulated by long-term charter contracts and the delivery of new vessels. ➢ LNG infrastructure: Profit is maintained in line with th
Slide 8: FY2024 Full-year Forecast [Consolidated]
3 FY2024 Full-year Forecast [Consolidated] *as of July 31, 2024 1st Half 2nd Half Full-year Previous Previous Previous Result Variance Forecast Variance Forecast Variance (￥billion) Forecast* Forecast* Forecast* Revenue 900.6 933.0 -32.3 889.4 882.0 +7.3 1,790 1,815.0 -25.0 Operating profit/loss 89.
Slide 9: FY2024 Full-year Forecast [Consolidated]
3 FY2024 Full-year Forecast [Consolidated] Upper Revenue(*1) Lower Ordinary profit/loss *as of July 31, 2024 1st Half 2nd Half Full-year FY2023 Results Previous Previous Previous Result Variance Forecast Variance Forecast Variance 1st Half 2nd Half Full-year (￥billion) Forecast* Forecast* Forecast*
Slide 10: FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss
3 FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss (¥ billion) Upward Downward Total ＊as of July 31,2024 10
Slide 11: FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss
3 FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss (¥ billion) Upward Downward Total 11
Slide 12: Key Points of FY2024 Full-year Forecast (I) [Consolidated]
4 Key Points of FY2024 Full-year Forecast (I) [Consolidated] [Overall] Business profit / Ordinary profit / Income before income taxes / Net income: Difference from the previous announcement on July 31st +¥31.0 billion/+¥15.0 billion /+¥15.0 billion/+¥15.0 billion. The product transportation business
Slide 13: Key Points of FY2024 Full-year Forecast (II) [Consolidated]
4 Key Points of FY2024 Full-year Forecast (II) [Consolidated] ◼ Liquefied Gas Transport ➢ LNG Carriers: Stable profit contribution is expected despite the increase in expenditure for dry-docks. ➢ LNG infrastructure: Profit is expected to remain unchanged due to stable operations of existing projects
Slide 14: (Reference) Progress of BLUE ACTION 2035 Initiatives
5 (Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions (Press Release) ・ MOL Announces Consolidation of Equity-Method Affiliate Company Gearbulk(2024-6-25) ・ Daibiru Joins Office Building Development Project in India(2024-6-28) ・ MOL Acquires Additional Shares of MOD
Slide 15: (Reference) BLUE ACTION 2035 Core KPI FY2024 Forecast
5 (Reference) BLUE ACTION 2035 Core KPI FY2024 Forecast FY2023 FY2024 Forecast FY2023 (Updated on 31st Phase 1 Phase 2 Phase 3 KPI Results Forecast October 2024) FY2025 FY2030 FY2035 Profit before tax (unit: JPY) 295.4 bil 380.0 bil 240 bil 340 bil 400 bil Financial KPI Net Gearing Ratio*1 0.88 0.90
Slide 16: (Reference) Phase 1 Cash Allocation
5 （Reference）Phase 1 Cash Allocation Operating CF expects to improve due to the upward revision in FY2024 forecast. JPY 100bil of buyback is planned within the budget of Operating CF and Asset Replacement. Previous Projection Latest Projection (as of Apr 2024) JPY 1,690 billion JPY 1,690 billion JPY
Slide 17: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2023 (Result) (US$/day) FY2023 Size 1st Half 2nd Half Full-year Market for vessels operated by Apr-Sep, 2023 Oct, 2023 - Mar, 2024 Average MOL and MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 15,600 13,400 14,500 29,000 24,200 26,600
Slide 18: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] １．FY2023 (Result) (US$/day) Vessel Type Trade FY2023 1st Half 2nd Half Full-year Market for vessels operated by MOL Jan-Jun, 2023 Jul-Dec, 2023 Average and its overseas subsidiaries Jan-Mar Apr-Jun Jul-Sep Oct-Dec Crude Oil Tanker Arabian Gulf - Far East
Slide 19: Containerized Freight Index (CCFI) [Supplement #3]
Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2023 (Result) (Jan 1, 1998=1,000) FY2023 1st Half 2nd Half Full-year Trade Apr-Sep, 2023 Oct, 2023 - Mar, 2024 Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 707 733 720 725 978 851 786 U.S. East Coast 886 870 878 839 1,160 999 939 Eu
Slide 20: Car Carrier Loading Volume [Supplement #4]
Car Carrier Loading Volume [Supplement #4] 1. FY2023 (Result) (1,000 units) FY2023 1st Half 1st Half 2nd Half 2nd Half Total Q1 Q2 Q3 Q4 Total (Includes Intra-European trade) 814 815 1,628 813 757 1,570 3,199 2. FY2024 (Result & Forecast) (1,000 units) FY2024 1st Half 2nd Half Total 1Q 2Q Total (Inc
Slide 21: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] Number of ships 31-Mar, 2024 30-Sep, 2024 31-Mar, 2025 (Forecast) Capesize 78 82 77 Panamax 33 28 30 Small and medium-sized Supramax 50 53 57 Number of buildings and area owned by DAIBIRU Handysize 33 29 35 bulkers Dry Bulk Business (Sub total) 1
Slide 22: Mitsui O.S.K. Lines
MitsuiO.S.K. Lines