Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — 3Q FY2002 Earnings Presentation
12 slides from Kawasaki Kisen Kaisha's earnings presentation, Feb 14, 2003
Slide 1: Financial Highlights: Brief Report for the 3Q FY2002
Financial Highlights Brief Report for the 3Q FY2002 14 February 2003 Kawasaki Kisen Kaisha, Ltd. 1
Slide 2: A. Financial Highlights for 3Q 2002F
A. Financial Highlights for 3Q 2002F (Consolidated/Non-consolidated basis) (unit: billion yen) 02F 1H 02F 3Q Accumulat Prospect Achievement (Result) (Result) e d in 2002 ratio (A) (B) (A)+(B) (Yearly)* Operating Consoli 309.6 163.6 473.2 610.0 77.6% Revenues Non 244.3 129.1 373.4 480.0 77.8% Operati
Slide 3: B. Outline of Financial Result for 3Q of FY 2002
B. Outline of Financial Result for 3Q of FY 2002 • Bulker and tanker market upward • Container positive cargo movement from Asia to America and Europe • PCTC increase of volume for the U.S.and Middle East • Cost reduction favorable progress • Waterfront lock out on the U.S. West Coast • Hike in Bunk
Slide 4: C-1. 3Q FY2002 (Container Business)
C-1. Trend of division-wise result 3Q FY2002 (Container Business) Container：achieved better result than prospect • 13 new larger containerships began full-swing operation (from September 02) • Positive tonnage movement centering on China • Success to load targeted cargo volume on the North America,
Slide 5: C-2. 3Q FY2002 (Bulker & Car Carrier Services)
C-2. Trend of division-wise result 3Q FY2002 (Bulker & Car Carrier Services) Bulker & Car Carrier：Better than prospect • Bulker：market get on track toward recovery remarkable increase of tonnage centering on carriers 0for iron ore and cocking coal • Car Carrier：positive cargo lifting for North Ameri
Slide 6: C-3. 3Q FY2002 (Energy Transportation)
C-3. Trend of division-wise result 3Q FY2002 (Energy Transportation) Energy Transportation：much improvement • LNG Carrier ：remains stable • Thermal Coal Carrier：Market recovery, Increase of Cargo volume with new buildings. However, some loss caused in some trades. • Oil Tanker: remarkable recovery i
Slide 7: C-4. 3Q FY2002 (Consolidated subsidiaries)
C-4. Trend of division-wise result 3Q FY2002 (Consolidated subsidiaries) • Shot Sea/Coastal Shipping：Stable • Air Freight Forwarding：Positive trend. Experienced cargo volume increase in October • Transportation ：Improvement along with handling cargo increase. Downward in businesses with source in Ja
Slide 8: D. Prospect for FY2002 Yearly Basis
D. Prospect for FY2002 Yearly Basis (Consolidated/Non-consolidated basis) (unit: billion yen) Yearly Yearly Prospect Differenc Increase FY2001 Prospect Prospect in 02* e Ratio Results (as of 14 Nov) Operating Consoli 630.0 630.0 610.0 20.0 3.3% 571.0 Revenues Non 495.0 495.0 480.0 15.0 3.1% 449.2 Op
Slide 9: E. Updated Status of KV-Plan
E. Updated Status of KV-Plan (unit: billion yen) Result Former Plan Prospect Plan Plan in in 2001F in 2002F in 2002F in 2003F 2004F Exchange Rate /US$ \125.11 \130 \122 \130 \130 Bunker Price /MT $134.17 $140 $163 $130 $130 Non- Revenues 449.2 460.0 495.0 480.0 500.0 Consolidated Operating Income 8.
Slide 10: F. Trend of division-wise result
F. Trend of division-wise result • Unfavorable Factors ：hike in bunker-oil price, Exchange rate (J¥) rise • Container：Freight recovery, Increase in revenue by Service rationalization, etc. ⇒somewhat better business achievement from prospect • Bulker/Car Carriers：Recovery in Bulk Market Positive car/
Slide 11: G-1. Outline of Financial Results for the 2H 2002F
G-1.Outline of Financial Results for the 2H 2002F (Comparison with prospect as of interim financial close) Factors of upward/downward profit （Ordinal Income* 5.5billion） • Increase of Bunker Price（+$14/MT） -1.5 billion yen • Market improvement(Container, Bulker, Tanker) +7.0 billion yen • Decrease C
Slide 12: G-2. Factor of P/L volatility
G-2. Factor of P/L volatility （2nd half of 2002:half year basis Ordinary income*） • Rise/fall of 1 Yen in exchange rate ⇒Non-consolidated -/+0.2 billion yen Consolidated -/+0.25 billion yen • Increase/decrease of Bunker Price at $10/MT ⇒ Non-consolidated -/+1.0 billion yen Consolidated -/+1.1 billio
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