Korea Line Corporation · KRX:005880
Korea Line — Q4 2024 Earnings Presentation
19 slides from Korea Line's earnings presentation, 2025
Slide 1: Korea Line Corporation Investor Presentation 4Q24
KOREA LINE CORPORATION Investor Presentation 4Q24 1
Slide 2: Disclaimer
DISCLAIMER The financial information contained herein is in compliance with K-IFRS. The information contained in this material is for general informational purposes only, and it is strictly prohibited to use, distribute and/or copy all or any parts of the material without the prior consent of KOREA
Slide 3: Contents
CONTENTS Ⅰ. Company Overview Ⅱ. Business Performance Ⅲ. Appendix
Slide 4: 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: Company Overview - History
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 1. Company Overview - History 1984 The birth of KLC Group based on 2018 the Signed a CVC for two VLCCs with S-OIL shipping and GS CALTEX, respectively rationalization 2007 Signed a COA for two VLOCs with policy A total of 16 orders were placed,
Slide 6: KLC and KL LNG Owned Fleet List
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 1. Company Overview – KLC and KL LNG Owned Fleet List □ Total : 41 vessels (KLC 24 vessels 3,654,229 DWT / KL LNG 17 vessels 2,054,385 CBM) Categories Vessel Name Built DWT Categories Vessel Name Built DWT SM PUMA 2016 206,752 SM HARMONY1 2020
Slide 7: KSC and CM Owned Fleet List
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 1. Company Overview – KSC and CM Owned Fleet List □ KSC Total : 13 vessels (1,296,351 DWT) Categories Vessel Name Built DWT Categories Vessel Name Built DWT YOUNGHEUNG 2010 179,221 SM NEWCASTLE 2010 179,194 SM SAMARINDA 2010 93,327 SM GLADSTONE
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 (West Texas Intermediate) (Unit : KRW bn) 515.2 392.7 408.5 418.8 404.6 362.8 19 0 354.7 343.6 336.3 170 2,039 15 0 13 0 1,523 1,465 110 78.43 90 69.91 83.21 126.7 70
Slide 9: Consolidated Basis Sales of Department
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. Consolidated Basis Sales of Department □ 2024.4Q Sales ratio by Department LNG 33% etc 27% Shipping Tanker Sales Sales 8% Bulk Shipping 59% 73% Corporation (*) Sales(KRW bn) Business area Total Name Dedicated Tramper KLC Bulk, Tanker 92.5 50
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) 450.0 150.0 400.0 385.3 130.0 114.2 350.0 110.0 299.7 300.0 277.1 277.0 90.0 266.5 68.7 60.3 250.0 70.0 59.6 51.7 200.0 50.0 150.0 30.0
Slide 11: KLC & KL LNG business performance by sector
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. KLC & KL LNG business performance by sector □ Sales by business sector (Unit : KRW bn) □ 2024. 4Q Sales ratio by business sector Dedicated Tramper etc Dedicated detail 39.0 BULK (34%) 16.1 34.9 etc 13.1 142.9 13% 36.8 41.9 40.5 33.7 50.8 Ded
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 □ FY 2023 Sales by Shipper (Unit : KRW bn) □ FY 2024 Sales by Shipper (Unit : KRW bn) SNNC GS DEP SNNC GS DEP GLOVIS 16.7 (2%) 14.0 (2%) GLOVIS 17.7 (2%) 14.7 (2%) 30.8 (4%)
Slide 13: KSC and CM Quarterly Business Performance
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. KSC and CM Quarterly Business Performance □ KSC Sales and OP (Unit : KRW bn) □ CM Sales and OP (Unit : KRW bn) 150.0 ■ Sales ■ OP 50.0 ■ Sales ■ OP 130.0 110.0 40.0 94.4 85.6 85.7 87.5 90.0 30.0 57.9 70.0 20.0 16.1 14.2 14.2 50.0 10.5 30.0 1
Slide 14: Consolidated basis Major Financial Ratio
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. Consolidated basis Major Financial Ratio □ FY 2024 Debit Ratio (Unit : KRW bn) □ FY 2024 Current Ratio (Unit : KRW bn) Total Debit Total Equity Total Ratio Current Asset Current Liability 4,750. 0 292% 1,900. 0 300% 4,250. 0 129% 127% 150% 1
Slide 15: KLC Major Financial Ratio
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 2. KLC Major Financial Ratio □ FY 2024 Debit Ratio (Unit : KRW bn) □ FY 2024 Current Ratio (Unit : KRW bn) Total Debit Total Equity Total Ratio Current Asset Current Liability 2,750. 0 1,500. 0 257% 300% 125% 150% 1,300. 0 103% 111% 2,250. 0 69
Slide 16: Future Prospect and Management strategy
Ⅰ. Company overview Ⅱ. Business Performance Ⅲ. Appendix 3. Future Prospect and Management strategy □ Dry Bulk Cargo Volume (Unit : mil DWT) 출처 : MSI DSPS Report(2024.4Q) Ore Coal Grain etc 1,803 1,867 1,931 2,087 2,100 2,066 2,172 1,767 1,772 1,698 530 554 569 596 629 474 481 524 530 535 1,226 1,289
Slide 17: 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 18: 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) FY 2024 FY 2023 FY 2022 Sales 1,747,187 1,397,365 1,612,014 Operating Profit 328,635 249,957 267,672 Net Profit 164,824 46,354 172
Slide 19: 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) FY 2024 FY 2023 FY 2022 KLC KL LNG KLC KL LNG KLC KL LNG Sales 856,625 382,434 590,089 367,516 621,426 333,429 Operating Profit