Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q1 FY2008 Earnings Presentation
18 slides from Kawasaki Kisen Kaisha's earnings presentation, Jul 28, 2008
Slide 1: K Line 2008 Q1 Results
IS KLINE 2008 | 2008 7 28
Slide 2: Contents
A. 2008 1 A-1 A-2 A-3-1 - - A-3-2 - - A-3-3 - - A-3-4 - - A-3-5 - - B. 2008 B-1 B-2 B-3 B-4-1 - - B-4-2 - - B-4-3 - - 1
Slide 3: A. 2008 First Quarter Results
IS KLINE A. 2008 |
Slide 4: A-1. Summary of Quarterly Results
A-1. 2008 2007 2008 2007 1Q 1Q 1Q 1Q 3,495 3,092 403 13.0% 1,488 1,475 13 321 323 ▲2 -0.5% ▲ 10 80 ▲ 90 1,724 1,341 383 333 361 ▲ 27 -7.6% 333 265 68 215 258 ▲ 43 -16.6% 283 276 7 10 15 ▲5 ¥103.36 ¥119.85 ¥-16.49 - 3,495 3,092 403 $542 $332 $210 - 333 361 ▲ 27 16.49 58 $210 137 3
Slide 5: A-2. Ordinary Income Variance Analysis
A-2. +403 27 • ▲ 58 • ( 12 ) ▲ 137 • 258 • 47 • ▲ 103 • ▲ 34 ▲ 27 4
Slide 6: A-3-1. Container Ships
A-3-1. 1,488 13 10 90 • 8,000TEU ( / • 85.9 TEU 6.3% 9 • * +10% +13% 5% +16% +12% +18% +42% +23% +2% +13% * • • 5
Slide 7: A-3-2. Bulk Carriers
A-3-2. • 4 49.0 53.6 +9.4 • • • 2008 2007 1 1 170 $165,000 $87,500 $77,500 88.6% 74 $67,000 $44,000 $23,000 52.3% 53 $57,500 $39,500 $18,000 45.6% 6
Slide 8: A-3-3. Bulk Shipping Market
A-3-3. • ( 1 2 5 ) • 84.6 90.5 +7.0 – • • • 7
Slide 9: A-3-4. Tankers and LPG Carriers
A-3-4. 1 5 38 1 VLCC 1 LPG 2 885.2 1,112.1 +25.6 Aframax 2008 2007 (WS) 1 1 VLCC ( / ) 174 63 111 176.2% Aframax ( / ) 195 153 42 27.5% 7 ( / ) 193 134 59 44.0% 8
Slide 10: A-3-5. Other Segments
A-3-5. – 1 16 – – – – 9
Slide 11: B. 2008 Forecast
IS KLINE B. 2008
Slide 12: B-1. Full-Year Forecast Summary
B-1. 2008 2007 2008 2007 4 4 7,000 6,700 300 6,466 534 14,000 13,400 600 13,310 690 720 670 50 616 104 1,240 1,240 0 1,296 ▲ 56 700 640 60 637 63 1,210 1,210 0 1,259 ▲ 49 470 410 60 440 30 780 780 0 830 ▲ 50 ¥13.5 ¥13.5 ¥0 ¥12 ¥2 ¥27 ¥27 ¥0 ¥26 ¥1 ¥102 ¥100 ¥2 ¥120 ¥-18 ¥101 ¥100 ¥1 ¥115 ¥-14 $621 $
Slide 13: B-2. Forecast by Segment
B-2. 2008 2007 1,488 1,652 3,140 1,475 1,533 3,008 13 119 132 ▲ 10 ▲ 38 ▲ 48 80 1 81 ▲ 90 ▲ 39 ▲ 129 1,724 1,566 3,290 1,341 1,553 2,894 383 13 396 333 392 725 265 259 524 68 133 201 283 287 570 276 288 564 7 ▲1 6 10 13 23 15 17 32 ▲5 ▲4 ▲9 3,495 3,505 7,000 3,092 3,374 6,466 403 131 534 333 367 700
Slide 14: B-3. Ordinary Income Forecast Variance
B-3. 7,000 534 700 63 $353$621 ¥120 ¥102 300 60 $520 $621 ¥100 ¥102 07F 637 08F 640 => 08F 700 ▲ 126 14 ▲ 348 ▲ 131 458 185 154 27 ▲ 176 ▲ 37 ▲6 4 107 ▲2 63 60 1 7 $10/MT 13 13
Slide 15: B-4-1. Container Ship Forecast
B-4-1 - - 3,140 +132 48 129 178 TEU ( +9% ) * +11% +2% 6% +8% +13% +23% +38% +27% +4% +15% * 14
Slide 16: B-4-2. Bulk Carrier Forecast
B-4-2 - - ( 5 ) 170 US$100,000 $165,000 $160,000 $162,500 74 US$60,000 $67,000 $65,000 $66,000 53 US$50,000 $57,500 $54,000 $55,750 15
Slide 17: B-4-3. Tanker and LNG Forecast
B-4-3 - - LNG 2 4 42 Aframax (WS) VLCC ( / ) 100 174 200 187 Aframax ( / ) 150 195 217 206 7 ( / ) 180 193 240 217 2 17 16
Slide 18: B-5. Forecast Assumptions
B-5. 13,310 14,000 690 1,259 1,210 49 $408 $685 $353 $621 $460 $750 ¥115 ¥101 ¥120 ¥102 ¥111 ¥100 13,400 14,000 600 1,210 1,210 $520 $685 $520 $621 $520 $750 ¥100 ¥101 ¥100 ¥102 ¥100 ¥100 1 14 $10/MT 13 / $10/MT 8 / 17
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