Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — 1H FY2005 Earnings Presentation
13 slides from Kawasaki Kisen Kaisha's earnings presentation, Nov 11, 2005
Slide 1: Financial Highlights: Brief Report for 1st Half FY2005
Financial Highlights Brief Report for 1st Half FY2005 11 November 2005 Kawasaki Kisen Kaisha, Ltd. 1
Slide 2: Financial Highlights for 1H 2005F
1. Financial Highlights for 1H 2005F (unit:billion yen) 05F 1H 04F 1H Comparison Comparison 05F 1H Comparison Comparison (Result) (Result) (Ratio) (Prospect) ** (Ratio) (a) (b) (c) (a-b) c/b (d) (e) (a-d) e/d Operating Consoli 454.8 413.6 41.2 +10% 450.0 +4.8 +1% Revenues Non 362.9 332.0 30.9 +9% 36
Slide 3: Key Points for 1H 2005FY
2. Key Points for 1H 2005FY Ordinary Income*:2005F prospect** 50.0, 2004F result 61.9 >>>49.6 billion yen (unit: billion yen) Comparison with 2005F 2004F result prospect Fluctuation in exchange rate - - Bunker Oil Price -0.4 -10.4 Market volatility - -2.0 Business Expansion - 2.0 Rationalization/Cos
Slide 4: Division-wise Results 1H 2005F (Container Business)
3. Outline of Division-wise Results 1H 2005F (for Container Business) Operating revenues 222.8 , Ordinary Income 20.6 billion yen (YoY comparison : Operating revenues increased, profits unchanged) z Business expansion Enhancement in Asia/U.S. Pacific North West and Asia/U.S. East coast service contr
Slide 5: Division-wise Results 1H 2005F (Bulker Service)
4. Outline of Division-wise Results 1H 2005F (for Bulker Service) z Business expansion with delivery of new ships (Operating Tonnage : 77.3 mil. Ton, +6.2% (YoY) z Slump with market downturn. Bulker Market Premises for 05F 1H 04F 1H Results 05F 1H results prospects** (Pacific Ocean) 170 Type $54,494
Slide 6: Division-wise Results 1H 2005F (Car Carrier Service)
5. Outline of Division-wise Results 1H 2005F (for Car Carrier Service) z Increased volume : Off-shore trades (Trans-Atlantic, Thailand/ Australia trade etc.) z Negative factors : Bunker oil price hike, Charterage increase Vessel related cost increase (thousand units) Units carried 04F 1H 05F 1H bala
Slide 7: Division-wise Results 1H 2005F (Energy Transportation)
6. Outline of Division-wise Results 1H 2005F (for Energy Transportation) Energy Transportation : Remain unchanged (YoY) z LNG Carrier : Stable progress in each project One new ship completion for RasGas II in May, Total 27 vessels z Thermal Coal Carrier : 15 vessel of our basic fleet in stable opera
Slide 8: Prospects for FY2005
7. Prospects for FY2005 (unit:billion yen) 05F 05F 1H 05F 3Q 05F 4Q 05F 2H 05F Comparison FY2004 Comparison Revised Results Prospects Prospects Prospects Prospects** (Ratio) Results (Ratio) Prospects O p e r a t i n g Consoli 454.8 236.0 234.2 470.2 925.0 900.0 2.8% 828.4 11.7% R e v e n u e s Non 3
Slide 9: Key Points for FY2005 prospects
8. Key Points for FY2005 prospects Ordinary Income*:2005F prospect** 105.0, 2004F result 107.2 >>>91.0 billion yen (unit: billion yen) Comparison with 2005F 2004F result prospect Fluctuation in exchange rate - 3.1 Bunker Oil Price -5.4 -24.3 Market volatility -7.0 -5.0 Business Expansion - 7.0 Ratio
Slide 10: Key Points for Division-wise prospects
9. Key Points for Division-wise prospects (Container) Cargo volume : Increase for U.S., Europe and intra-Asia Supply-demand balance : continuing tight condition Service reform : Enhancement in Asia/Middle East, and Asia/Med Trade service (Bulker) Market premise 1H Results 2H prospect Premises for 2H
Slide 11: Major Financial Indices
10. Major Financial Indices (unit:billion yen) FY2004 1H F2005 FY2005 Key Points : Results Results Prospects C a s h F l o w s f r o m * CF from Operating Activities : 89.4 32.5 72.0 Operating Activities declining due to profit reduction (24.6) (13.4) (25.4) ( D e p r e c i a t i o n ) C a s h F l o
Slide 12: Progress of Fleet Order Plan
11. Progress of Fleet Order Plan (unit : no. of vessels) Mar 05F Sep 05F Mar 06F Mar 09F 09F original plan Comparison Containerships 73 74 78 88 70 18 Bulkers for Steel materials 73 67 76 80 74 6 Bulkers for general cargoes 62 54 60 81 75 6 Car Carriers 78 81 81 89 85 4 LNG Carriers 26 27 30 44 43 1
Slide 13: Cost Curtailing Campaign
12. Cost Curtailing Campaign Target for FY2005 : 5 Billion Yen (unit:billion yen) Cost saving items 1H 2H 05F Revised Vessel cost reduction 0.3 0.3 0.6 Various cargo charges reduction 1.0 1.0 2.0 Service rationalization 0.1 0.1 0.2 Subsidiary company's various cost reduction 0.3 0.9 1.2 Administrati
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