Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q2 FY2009 Earnings Presentation
24 slides from Kawasaki Kisen Kaisha's earnings presentation, Oct 27, 2009
Slide 1: K Line second quarter 2009 results briefing
IS KLINE 2009 2 2009 10 27
Slide 2: Contents
A. 2009 2 A-1 A-2 A-3 B. 2009 B-1 B-2 B-3 B-4 C. C-1 C-2 1
Slide 3: A. Second quarter 2009 results
IS KLINE A. 2009 2
Slide 4: A-1-1. Results summary
A-1-1. 2009 2008 1Q 2Q 1,919 2,085 4,005 4,000 5 7,355 ▲ 3,351 ▲ 221 ▲ 204 ▲ 425 ▲ 410 ▲ 15 747 ▲ 1,172 ▲ 227 ▲ 272 ▲ 499 ▲ 440 ▲ 59 751 ▲ 1,250 ▲ 149 ▲ 284 ▲ 433 ▲ 330 ▲ 103 512 ▲ 944 ¥97.50 ¥94.74 ¥96.12 ¥96.00 ¥0.12 ¥105.67 ▲¥9.55 $304 $399 $353 $349 $4 $601 ▲$248 9.55 21 / $248 230 52 / 134 3
Slide 5: A-1-2. Results by segment
A-1-2. ( ) 2009 2008 1Q 2Q 862 921 1,783 1,800 ▲ 17 3,148 ▲ 1,365 ▲ 200 ▲ 271 ▲ 471 ▲ 380 ▲ 91 ▲ 59 ▲ 412 861 971 1,832 1,800 32 3,642 ▲ 1,810 ▲ 42 ▲4 ▲ 46 ▲ 70 24 779 ▲ 825 196 193 390 400 ▲ 10 565 ▲ 175 15 3 19 10 9 31 ▲ 12 1,919 2,085 4,005 4,000 5 7,355 ▲ 3,350 ▲ 227 ▲ 272 ▲ 499 ▲ 440 ▲ 59 751 ▲
Slide 6: A-2. Ordinary income variance analysis
A-2. ( 5 ) ( 59 ) 08F 751 / 440 => 09F 499 ▲ 21 ▲1 52 235 ▲5 ▲ 1,300 8 ▲ 330 ▲8 300 9 3,350 1,250 ▲ 70 ▲4 ▲ 64 ▲ 58 ▲ 1,250 ▲ 59 5
Slide 7: A-3-1. Container shipping market
A-3-1. / 1,783 17 1,365 471 91 412 153.9 TEU 1.2% 10.7% * 32% 44% 33% 26% 43% 29% 37% 17% 17% 13% * = 6
Slide 8: A-3-2. Dry bulk market
A-3-2. 103.5 ( 3.4%) ( ) 09 08 170 $43,250 $140,000 ▲ $96,750 ▲ 69% $45,500 74 $17,250 $57,500 ▲ $40,250 ▲ 70% $19,000 53 $13,750 $49,000 ▲ $35,250 ▲ 72% $11,250 7
Slide 9: A-3-3. Market index
A-3-3. 84.0 ( 52%) (08F1Q=100) 8
Slide 10: A-3-4. Tanker market
A-3-4. VLCC1 VLCC 7 09 08 (WS) VLCC ( / ) WS 35 WS 154 ▲ WS 119 ▲ 77% WS 34 Aframax ( / ) WS 60 WS 215 ▲ WS 155 ▲ 72% WS 60 7 ( / ) WS 73 WS 260 ▲ WS 187 ▲ 72% WS 72 9
Slide 11: A-3-5. Market overview
A-3-5. mK" GS KAWASAKI KISEN KAISHA, LTD. 10
Slide 12: B. 2009 full-year forecast
IS KLINE B. 2009
Slide 13: B-1. Full-year forecast summary
B-1. 2009 2008 4,005 4,095 8,100 8,700 ▲ 600 7,355 5,088 12,443 ▲ 4,343 ▲ 425 ▲ 165 ▲ 590 ▲ 350 ▲ 240 747 ▲ 31 716 ▲ 1,306 ▲ 499 ▲ 211 ▲ 710 ▲ 420 ▲ 290 751 ▲ 151 600 ▲ 1,310 ▲ 433 ▲ 357 ▲ 790 ▲ 310 ▲ 480 512 ▲ 188 324 ▲ 1,114 ¥96.12 ¥90.00 ¥93.06 ¥96.00 ▲¥2.94 ¥105.66 ¥95.98 ¥100.82 ▲¥7.76 $353 $45
Slide 14: B-2. Forecast by segment
B-2. 2009 2008 2008 1,783 1,617 ▲ 166 3,400 3,148 2,153 5,301 ▲ 1,365 ▲ 536 ▲ 1,901 ▲ 471 ▲ 269 202 ▲ 740 ▲ 59 ▲ 314 ▲ 373 ▲ 412 45 ▲ 367 1,832 2,028 197 3,860 3,642 2,449 6,091 ▲ 1,810 ▲ 421 ▲ 2,231 ▲ 46 82 128 36 779 150 929 ▲ 825 ▲ 68 ▲ 893 390 450 61 840 565 486 1,052 ▲ 175 ▲ 36 ▲ 212 19 ▲ 24 ▲
Slide 15: B-3. Ordinary income variance forecast
B-3. 8,100 ( 600 710 ( 290 $375 $401 ¥96 ¥93 ( 4,343 ( 1,310 $504 $401 ¥101 ¥93 08F 600 09F1Q 420 09F 710 ▲ 31 ▲ 10 195 ▲ 40 ▲ 1,553 ▲ 46 ▲ 360 ▲ 57 565 ▲ 46 ▲ 85 ▲ 10 ▲ 41 ▲ 81 ▲ 1,310 ▲ 290 14
Slide 16: B-4-1. Container shipping outlook
B-4-1. / 3,400 ( 600 / 1,901 ) 740 ( 150 / 367 ) 301 TEU ( 2.9% ) * 29% 25% 25% 17% 22% 24% 22% 19% 17% 13% * = 15
Slide 17: B-4-2. Dry bulk outlook
B-4-2. 70 80% 170 $46,000 $40,500 $43,250 $40,000 $41,625 74 $16,000 $18,500 $17,250 $20,000 $18,625 53 $12,500 $15,000 $13,750 $15,000 $14,375 3Q 16
Slide 18: B-4-3. Tanker and LNG outlook
B-4-3. / LNG (WS) VLCC ( / ) WS 35 WS 35 WS 35 WS 51 WS 43 Aframax ( / ) WS 60 WS 60 WS 60 WS 68 WS 64 7 ( / ) WS 63 WS 83 WS 73 WS 88 WS 80 17
Slide 19: C. Fleet plan and LNG
IN K'LINE
Slide 20: C-1. Fleet plan
C-1. KI K LINE KAWASAKI KISEN KAISHA, LTD 16 25 500 19 26 19
Slide 21: C-1-1. Fleet by vessel type
C-1-1. 580 600 20 290 310 202 141 342 63 81 144 126 62 188 188 143 331 195 69 264 60 49 109 114 27 142 174 76 250 7 71 78 3 32 35 12 34 46 14 66 80 110 25 135 71 14 84 51 15 65 121 29 150 14 35 48 27 16 42 8 21 29 34 37 71 8 12 20 4 6 10 4 7 11 8 13 21 18 18 35 5 5 10 9 9 17 14 14 28 350 230 580 169
Slide 22: C-1-2. Medium-term management plan
C-1-2. It KLINE KAWASAKI KISEN KAISHA, LTD 3. 2012 21
Slide 23: C-2. LNG Vision 100
C-2. ( ) 2008 2009 2010 2011 Vision 100 6 98 11 77 10 81 7 80 132 15 166 19 174 17 195 29 220 225 6 92 9 79 8 85 8 92 106 0 0 0 1 3 4 4 8 6 LNG 14 47 1 47 0 44 0 43 48 4 30 4 35 0 34 2 37 45 3 18 0 14 2 16 0 16 18 2 52 0 57 0 57 0 60 60 50 503 44 484 40 516 50 556 640 Vision 100 44 518 48 573 46 608
Slide 24: K Line
IS KLINE
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