Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — FY2014 Earnings Presentation
34 slides from Kawasaki Kisen Kaisha's earnings presentation, March 2015
Slide 1: Supplementary Report FY2014
Supplementary Report - FY2014 - March 2015 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Shipping Markets, Financial Data, Historical Data
1. Shipping Markets 2. Financial Data 3. Historical Data - For 5 Years -
Slide 3: Supplementary Information 1 - Shipping Markets
Supplementary Information -1 - Shipping Markets-
Slide 4: K Line Container Loading Volume
1-1. “K” Line Container Loading Volume 2012FY 2013FY 2014FY 1H 2H 1H 2H 1H 2H Loading Volume FY FY FY 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q （Unit 1,000TEU） Asia/America E/Bound 184 212 395 199 171 370 766 194 210 405 198 174 372 777 213 230 443 219 196 414 858 W/Bound 106 118 224 114 110 224 449 108 1
Slide 5: Line/Alliance wise Vessel/Capacity Comparison
1-2. Line/Alliance wise Vessel/Capacity Comparison Top 30 Container Carriers ranked by operating capacity as of April 2015 TOTAL Rank Operator TEU 1 APM-Maersk 2,962,707 2 Mediterranean Shg Co 2,551,089 3 CMA CGM Group 1,730,442 4 Evergreen Line 962,196 5 Hapag-Lloyd 954,064 APM-Maersk 6 COSCO Conta
Slide 6: K Line Container Volume & Share (Asia to North America)
1-3. “K” Line Container Volume & Share (Asia to North America ’01-’14) TPS EB KL Results 500,000 7.0% 450,000 6.0% 400,000 350,000 5.0% 300,000 4.0% Share TEU 250,000 3.0% 200,000 150,000 2.0% 100,000 1.0% 50,000 0 0.0% 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008
Slide 7: K Line Container Volume & Share (North America to Asia)
1-4. “K” Line Container Volume & Share (North America to Asia ’01-’14 ) 6
Slide 8: K Line Container Volume & Share (Asia to Europe)
1-5. “K” Line Container Volume & Share (Asia (ex.India) to Europe ’01-’14, ) 7
Slide 9: K Line Container Volume & Share (Europe to Asia)
1-6. “K” Line Container Volume & Share (Europe to Asia (ex.India) ’01-’14 ) AES EB KL Results 200,000 6.0% 180,000 5.0% 160,000 140,000 4.0% 120,000 Share TEU 100,000 3.0% 80,000 2.0% 60,000 40,000 1.0% 20,000 0 0.0% 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 200
Slide 10: Trend of Average Container Freight/Volume
1-7. Trend of Average Container Freight/Volume (“K” Line All Trades) （2004F-2014F） 9
Slide 11: Dry Bulk Market
1-8. Dry Bulk Market Dry Bulk Market (BDI) 10
Slide 12: Tanker Market
1-9. Tanker Market Tanker Market (VLCC AG/JPN) 11
Slide 13: Cars / Trucks Transported by K Line PCTC Fleet
1-10. Transition of Cars / Trucks Transported by “K” Line PCTC Fleet 12
Slide 14: K Line Vessel Fleet Composition
1-11. “K” Line Vessel Fleet Composition Heavy Lifters 2014 March 16 ships 2015 March 17 ships Offshore Energy E&P Support Ships 2014 March 8 ships 2015 March 8 ships Note: The number of Energy Resource Transportation includes 23 vessels owned by SPC of the projects ( 23 LNG Carriers). : The number o
Slide 15: K Line Container Vessel Fleet Composition
1-12. “K” Line Container Vessel Fleet Composition 2014 Mar 2015 Mar K 14,000TEU 0 1 K 8,000TEU(8,600~8,200) 13 13 K 5,500TEU (6,300~5,500) 18 20 K 4,200TEU（4,800~4,200） 24 28 K 1,700TEU型（2,500~1,700） 16 15 K 1,200TEU (1,200~680) 3 3 300m 200m 100m 0m Total 74 80 14
Slide 16: K Line Bulk Carrier Fleet Composition
1-13. “K” Line Bulk Carrier Fleet Composition 15
Slide 17: K Line PCTC Vessel Fleet Composition
1-14. “K” Line PCTC Vessel Fleet Composition 2014 Mar 2015 Mar 41 46 6,000units 21 21 5,000units（4,750~5,650) 19 18 4,000units（3,800~4,600） 3 4 3,000units（2,800~3,500） 8 7 2,000units（1,600~2,500） 6 6 800units（800~850） 200m 100m 0m 合計 98 102 16
Slide 18: Energy Resource Transportation, Offshore Support & Heavy Lifter Fleet
1-15. “K” Line Energy Resource Transportation, Offshore Energy E&P Support & Heavy Lifter Fleet Composition Total 90 Total 92 Drillship 2014 Mar 1 2015 Mar 1 CHEMICAL Tanker 2014 Mar 3 2015 Mar 3 Note: The number of Energy Resource Transportation includes 23 vessels owned by SPC of the projects ( 23
Slide 19: Fleet Upgrading Plan
1-16. Fleet Upgrading Plan 2014F 2015F 2016F 2017F <Fleet Upgrading Plan> Already To be To be To be delivered delivered delivered delivered No. of Newbuildings during FY2014-2017 Containership 1 4 0 0 14000TEU 1 4 *Including vessels to be chartered from ship Dry Bulkers 10 11 2 14 owners upon delive
Slide 20: K Line Group Composition of Fleet
1-17. “K” Line Group Composition of Fleet 2015 Mar 2014 Mar Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No. DWT(MT) No. DWT(MT) Container ships 9 603,246 71 4,239,400 80 4,842,646 74 4,382,638 Dry Bulk Carriers 70 7,878,109 191 21,669,926 261 29,548,035 271 29,741,257 Car Carr
Slide 21: Supplementary Information 2 - Financial Data
Supplementary Information-2 - Financial Data -
Slide 22: Transition of Operating Revenues
2-1. Transition of Operating Revenues 21
Slide 23: Breakdown on Non-Operating, Extra-Ordinary Items (2014FY)
2-2. Breakdown on Non-Operating, Extra-Ordinary Items (2014FY ) 1.Non-operating Income/Loss （Billion yen） 14F1H 14F2H Accumulated Consolidated Total 10 0 11 Financial Gain/Loss ▲ 34 ▲ 27 ▲ 61 Equith in Earnings of Affiliated Companies 15 7 22 Exchange Gain/Loss 24 18 42 Others 5 3 8 2.Estraordinary
Slide 24: Supplemental Information 3 - Historical Data for 5 Years
Supplemental Information -3 Historical Data - For 5 Years -
Slide 25: Consolidated Revenues & Incomes
3-1. Consolidated Revenues & Incomes 24
Slide 26: Consolidated Total Assets/Shareholders' Equity
3-2. Consolidated Total Assets/Shareholders’ Equity 25
Slide 27: Consolidated ROE / ROA
3-3. Consolidated ROE / ROA 26
Slide 28: Consolidated EV/EBITDA
3-4. Consolidated EV/EBITDA 27
Slide 29: Consolidated Assets Turnover
3-5. Consolidated Assets Turnover 28
Slide 30: Ordinary Income on Revenues / Total Assets
3-6. Consolidated Ordinary Income on Revenues / Ordinary Income on Total Assets 29
Slide 31: Consolidated Interest Coverage Ratio
3-7. Consolidated Interest Coverage Ratio 30
Slide 32: Consolidated Net Income / Operating Cash Flow
3-8. Consolidated Net Income / Operating Cash Flow 31
Slide 33: Consolidated Segment Information
3-9. Consolidated Segment Information （Unit：million yen） （Unit：million yen） 09F 10F 11F Operationg Revenue Operating Revenues Marine Transportation 729,683 Containership Bussiness 444,971 395,460 Freight Forwarting / 87,918 Bulk Shipping Bussiness 447,111 463,507 Harbor Transportation Others 20,431
Slide 34: Non-Consolidated Financial Data
3-10. Non-Consolidated Financial Data （Unit：million yen） 09F 10F 11F 12F 13F 14F Operationg Revenues 631,747 772,321 737,994 834,217 954,427 1,060,231 Container 332,649 419,248 373,938 434,172 478,657 558,325 Bulk Carrier & Car Carrier 254,442 305,522 323,664 364,860 438,720 462,329 Energy Transport