Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2020 Investor Conference
25 slides from Yang Ming Marine Transport's conference presentation, Dec 31, 2020
Slide 1: Yang Ming Marine Transport Corp. 2020 Investor Conference
Yang Ming Marine Transport Corp. 2020 Investor Conference 2020.12.31 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: A brighter outlook but recovery will be gradual
Economic Outlook A brighter outlook but recovery will be gradual Global GDP is projected deficit of 4.2% in 2020 and to rise by around 4.2% in 2021 in the OECD Dec 2020 Economic Outlook. We’re still in the midst of a pandemic crisis and an effective vaccine will benefit the economic recovery. The gl
Slide 6: Supply and Demand: COVID-19 remains the No.1 downside risk
Supply and Demand COVID-19 remains the No1. downside risk 2021 supply and demand forecast • Drewry, and Clarksons research forecast demand will exceed supply with a rebound in port handling activity in 2021. Alphaliner adjusted a small downward for 2021 demand due to the strong year end performance
Slide 7: COVID-19: A gradual recovery amidst persisting uncertainty
COVID-19 A gradual recovery amidst persisting uncertainty • Drewry’s port throughput prospects for 2021 (after adopting OECD GDP scenarios) would increase the annual growth rate to 9.7%, from the baseline 8.9%. The downside scenario would trim the growth forecast to 6%. Source：Drewry Container Forec
Slide 8: Marine Fuel Oil Price Outlook
Marine Fuel Oil Price Outlook Singapore market price • Reduced economic activity related to the COVID-19 pandemic has caused changes in energy demand and supply patterns in 2020. But vaccines development would be expected to help alleviate the worries of economic weakness and cease the decline in oi
Slide 9: Business Information
Business Information 9
Slide 10: Fleet and Service
Fleet and Service • 100+ Services / 170+ Ports / 90+ Countries / 250+ offices 8 loops 1 loops 6 loops Asia - Red 12 loops Europe - North Asia - Europe Asia - North America West America 7 loops Coast 5 loops 13 loops Asia - Asia - North Intra Europe Feeder Gulf/India America East Coast Intra Mediterr
Slide 11: Market Share and Rank
Market Share and Rank • As of 16th December 2020, YM’s market share is ranked 9th in the world. Source: Alphaliner, 16th Dec 2020. 11
Slide 12: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relative balanced on trade capacity • THE Alliance accounts for 19.7% of • Market share of East-West Service global ship capacity, about 4.6 million 2M+Zim and OCEAN mainly focus on TEU. Europe – N. America and FE. – N. • 2M+Zim occupies the highest America trade
Slide 13: Financial Results
_— — Financial Results YANG MING
Slide 14: 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 3.68% 1.59% 94.43% 0.21% 14
Slide 15: Consolidated Income Statement 2020
Consolidated Income Statement 2020 Unit：NT$ Million Other operating Operating Items 2020Q3 Slottage revenue, revenue, Revenue 2% 7% Operating Revenue 105,247 Rental revenue on vessel, 2% Operating Cost 95,824 Cargo revenue, 89% Gross Profit 9,423 Operating Income(Loss) 5,001 Others, Operating Net In
Slide 16: Consolidated Operating Income, Gross Profit Margin and Net Income Margin
Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin Unit：NT$100 Million Operating Revenue Gross Profit(Loss) Margin 450 16% 404 387 385 389 13% 400 378 351 359 346 10% 350 336 310 318 7% 300 4% 250 1% 200 -2% 150 -5% 100 -8% 50 -11% 0 -14% 2018Q1 2018Q2 2018Q3 2018Q4
Slide 17: Consolidated Operating Revenue, Volume and Fuel
Consolidated Operating Revenue, Volume and Fuel Unit：USD Unit:10 thousand TEU 60 900 851 839 847 783 804 794 784 810 759 800 50 45 45 45 700 42 39 39 38 37 37 40 600 500 548 30 532 400 470 463 300 380 20 315 324 336 338 200 10 100 0 0 202001 202002 202003 202004 202005 202006 202007 202008 202009 Vo
Slide 18: Structure of Shareholders
Structure of Shareholders Domestic natural person Government 35.71% 47.63% Foreign Domestic investment legal entity Domestic 5.33% 5.66% financial institution 5.67% Note : The latest closing date was April 19,2020,and the company 5th secured convertible bond has converted into 323,682,458 of common
Slide 19: Operational Future Prospects
Operational Future Prospects 19
Slide 20: Service Rationalization-Strategies
Service Rationalization-Strategies • Strengthen the competitiveness of east-west routes East-West through close cooperation with THE Alliance. Network • Develop potential market and deploy new niche service to create more benefit to customers. • Strengthen current joint service cooperation on South
Slide 21: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to 31st DEC 2020, there are 90 vessels in Yang Ming’s fleet, and total capacity is 618,204 TEU 120 2020-2022 Own Vessels/Chartered-in Vessels / TTL Capacity 750,000 716,313 Own 100 618,204 675,211 vessels 80 700,000 43 46 43 Chartered- 60 in Vessels 4
Slide 22: 2021 Future Prospects
2021 Future Prospects Foreseeing the cargo rush before the Chinese Lunar New Q1 Year and the equipment shortage situation, the volume and market price will maintain at a relatively higher level for all trades in Q1 2021. With the positive prospect of Q1 market, the Q2 rate under Y2021 long-term serv
Slide 23: 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 24: Smart ship notation - 2800 TEU Container ship
Smart ship notation -2800 TEU Container ship 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 2.8K
Slide 25: Q&A
Q&A 25
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