Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — FY2006 Earnings Presentation
21 slides from Kawasaki Kisen Kaisha's earnings presentation, May 10, 2007
Slide 1: Financial Highlights Brief Report for FY2006
Financial Highlights Brief Report for FY2006 10 May 2007 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Agenda
Agenda A. Financial Highlights for FY2006 A-1 Financial Results for FY2006 A-2 Key Points for FY2006 A-3 Outline of Division-wise Results for FY2006 B. Prospects for FY2007 B-1 Prospects for FY2007 B-2 Business-wise Revenues/Profits B-3 Key Points for FY2007 Prospects B-4 Division-wise Trends for FY
Slide 3: A. Financial Highlights for FY2006
A. Financial Highlights for FY2006
Slide 4: A-1. Financial Results for FY2006
A-1. Financial Results for FY2006 （Unit: billion yen） YoY YoY FY2006 FY2005 Comparison Prospects Comparison Comparison (%) Cons. 1,085.5 940.8 144.7 15.4% 1,080.0 5.5 Operating Revenues Non. 857.3 742.6 114.7 15.4% 840.0 17.3 Cons. 61.4 88.0 ▲ 26.6 -30.3% 61.0 0.4 Operating Income Non. 28.1 56.7 ▲ 2
Slide 5: A-2. Key Points for FY2006
A-2. Key Points for FY2006 <YoY comparison> Revenues increase +144.7 billion yen, Profits decrease 24.7 billion yen Revenue increase factors: - Business expansion in all divisions 47 new buildings delivered - Steep rise in bulk market - Weakened yen, etc Profit decrease factors: - Freight rate decli
Slide 6: A-3. Division-wise Results for FY2006 (Container Business)
A-3. Outline of Division-wise Results for FY 2006 ( for Container Business) <YoY comparison> Operating Revenues 503.5 billion yen (Revenues increase +52.1 billion yen) Gain and Loss ▲7.8 billion yen （Profits decrease ▲38.3 billion yen) Revenue increase factors: • Business expansion： - Three 8,000TEU
Slide 7: A-3. Division-wise Results for FY2006 (Dry Bulk Carriers)
A-3. Outline of Division-wise Results for FY 2006 ( for Dry Bulk Carriers) <YoY Comparison> Revenues increase/ Profits increase Revenue increase factors: • Business expansion: Delivery of 22 new ships (Operating Tonnage: 168.8 mil. Ton => 187.4 mil. Ton, +11.0%(YoY)) Profit increase factors: • Marke
Slide 8: A-3. Division-wise Results for FY2006 (Car Carriers)
A-3. Outline of Division-wise Results for FY2006 (for Car Carriers) <YoY comparison> Revenues increase/ Profits increase Revenue increase factors: • Business expansion: Delivery of 8 new ships • Total units carried (inc. intra-Europe): 2710 => 3120 thousand(+15%, YoY) - From Japan/Far East to North
Slide 9: A-3. Division-wise Results for FY2006 (Energy Transportation)
A-3. Outline of Division-wise Results for FY2006 (for Energy Transportation) <YoY comparison> Revenues increase/ Profits flat Revenue increase factors: • LNG Carrier: Stable operation in each project (total 31 vessels) • Tanker: One new VLCC delivered • Stable operation of AFRAMAX fleet (Operating T
Slide 10: A-3. Division-wise Results for FY2006 (Other business)
A-3. Outline of Division-wise Results for FY2006 (for Other business) • Short sea/Coastal Shipping <YoY comparison> Revenues increase/ Profits decrease - Strong demand and business expansion - Bunker price hike • Logistics <YoY comparison> Revenues increase/ Profits increase - Steady cargo movements
Slide 11: B. Prospects for FY2007
IN KLINE B. Prospects for FY 2007
Slide 12: B-1. Prospects for FY2007H
B-1. Prospects for FY2007H (Unit: billion yen) Yearly 07FY 1H 07FY 06FY Yearly Comparison Prospects Prospects Prospects Comparison (%) Cons. 600.0 1,200.0 1,085.5 114.5 10.5% Operating Revenues Non. 470.0 940.0 857.3 82.7 9.6% Cons. 47.0 94.0 61.4 32.6 53.2% Operating Income Non. 31.0 60.0 28.1 31.9
Slide 13: B-2. Business-wise Operating Revenues/Ordinary Profit Loss
B-2. Business-wise Operating Revenues/Ordinary Profit Loss (Unit: billion yen) 07FY 06FY Yearly Business segment 1H 2H Yearly 1H 2H Yearly Comparison Operating Revenues 290.0 280.0 570.0 243.9 259.6 503.5 66.5 Container Business Ordinary Profit/Loss 7.0 1.5 8.5 ▲ 3.2 ▲ 4.6 ▲ 7.8 16.3 Operating Reven
Slide 14: B-3. Key Points for FY2007 Prospects
B-3. Key Points for FY 2007 Prospects <YoY comparison> Revenues increase (+114.5), Profits increase (+31.1) ( billion yen) Pre-conditions: Fuel oil price $319 => $340/KT, Exchange rate¥117 => ¥115/U.S. dollar Market improvement, Business expansion <Comparison with prospects> Revenues increase (+150.
Slide 15: B-4. Division-wise Trends for FY2007 Prospects (Containership)
B-4. Division-wise Trends for FY 2007 Prospects <Containership> <Container Business> (YoY) Operating Revenues 570.0 (66.5 bln. yen increase), Ordinary Income 8.5 (16.3 bln. yen increase ) -Cargo trend, S/D situation: Ｆｉｒｍ cargo volume, Tight S/D situation continues -Expected our loading volume : 3.2
Slide 16: B-4. Division-wise Trends for FY2007 Prospects (Other Divisions)
B-4. Division-wise Trends for FY 2007 Prospects <Other Divisions> <Car Carriers> Profits increase Steady cargo volume due to strong demand for Japanese/Korean cars, and overseas production developments, Business expansion and service enhancement with 4 new vessels to be delivered <Dry Bulk Carriers>
Slide 17: C. Progress of "K" LINE Vision2008+
C. Progress of “K”LINE Vision2008+
Slide 18: C-1. "K" LINE Vision2008 (Tasks and Efforts)
+ C-1. “K” LINE Vision2008 (Tasks and Efforts) < Sustainable growth and establishment of a stable profitability structure > • Measures to support systematic expansion of business scale – Implementation of fleet upgrading plan (to be mentioned later) – Establishment of ship operation administration s
Slide 19: C-2. Progress of "K" LINE Vision2008+ (Cost Reduction)
C-2. Progress of “K”LINEVision2008+ <Cost Reduction> (Unit: billion yen) Cost Saving items F2006 F2007 Operating cost reduction 8.6 5.2 Container equipment related cost reduction 1.4 1.0 Vessel cost reduction 0.6 1.3 Administrative cost reduction 0.2 0.6 Total 10.8 8.1 (Division wise results/prospec
Slide 20: C-3. Fleet Upgrading Plan
+ C-3. Progress of “K”LINEVision2008 2006F 2007F 2008F 2009F Fleet Upgrading Plan Total Delivery To be delivered To be delivered To be delivered Containership 6 3 6 14 1620TEU 0 2 4 3 No. of vessels to be received FY07-09 2400TEU 0 0 1 2 4000TEU 0 0 0 4 5500TEU 3 0 0 0 6400TEU 0 0 0 2 8000TEU 3 1 1
Slide 21: C-4. Major Financial Indices
C-4. Progress of “K”LINEVision2008+ <Major Financial Indices> <billion yen> 140% 06F450 07F 08F 2006F 2007F 2008F 326 362 388 Results Prospects Original Plan* 345 401 400 400 59 Operating Revenues 1,085.5 1,200.0 1,100.0 120% 95% 95% 90% 84% Ordinary Income 63.9 95.0 110.0 109% 350 99% 88% 100% Net