Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2022 Investor Conference
24 slides from Yang Ming Marine Transport's conference presentation, Apr 20, 2022
Slide 1: Yang Ming Marine Transport Corp. 2022 Investor Conference
Yang Ming Marine Transport Corp. 2022 Investor Conference 2022.04.20 1
Slide 2: Legal Disclaimer
Legal Disclaimer ⚫ The information contained in this presentation, including all forward-looking information, is subject to change without notice, whether as a result of new information, further events or otherwise, and Yang Ming Marine Corp. (the “Company”) undertakes no obligation to publicly upda
Slide 3: Outline
Outline 1、 Container Shipping Overview 2、 Business Information 3、 Financial Results 4、 Operational Future Prospects 3
Slide 4: Container Shipping Overview
Container Shipping Overview 4
Slide 5: Economic Outlook
Economic Outlook • OECD estimates global economic growth will be more than 1 percentage point lower this year as a result of the War in Ukraine, while inflation, already high at the start of the year, could rise by about a further 2.5 percentage points on aggregate across the world. OECD says, faced
Slide 6: Supply and Demand
Supply and Demand • Drewry, Alphaliner and Clarksons research forecast demand will exceed supply in 2022 ; supply will over demand in 2023. 2021(E) 2022(F) 2023(F) Supply 4.3% 3.6% 7.4% Demand 6.5% 4.6% 3.5% Supply 4.5% 4.1% 8.1% Demand 6.7% 5.9% 4.7% Supply 4.5% 3.6% 7.5% Demand 6.1% 3.8% 2.9% Sour
Slide 7: Marine Fuel Oil Price Outlook Singapore market price
Marine Fuel Oil Price Outlook Singapore market price • Daily new cases have peaked and the impact of COVID-19 is fading. • The uncertainty continues around incremental supply and alternative fuels • Global oil demand continues to recover this year but faces elevated oil price stemmed from the Russia
Slide 8: Business Information
Business Information 8
Slide 9: The Proportion of Consolidated Operating Income
The Proportion of Consolidated Operating Income ★AWE、PSW 、PNW ★Intra-East Asia ★Middle East, Red sea, South America, Australia, South Asia ★NCP、MED、TA、IEU Data interval:202101~202112 9
Slide 10: Lifting Volume Analysis - Lifting Volume in Year 2021 decreased by 13% YOY
Lifting Volume Analysis- Lifting Volume in Year 2021 decreased by 13% YOY 營運量分析 -2021年度相較去年同期貨量下滑約13% FY2021：4.41 million TEU FY2020：5.07 million TEU 10
Slide 11: Capacity Ranking
Capacity Ranking • As of March 2022, Yang Ming's fleet capacity is ranked 9th in the world. Source: Alphaliner, Mar 2022. 11
Slide 12: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relatively balanced on trade capacity • THE Alliance accounts for 19% of global • When it comes to East-West Market ship capacity, about 4.76 million TEU. share scale, 2M+ZIM is more European- • 2M+ZIM remain highest rank in terms based, and OCEAN Alliance is lar
Slide 13: Major Events in 2022Q1
Major Events in 2022Q1 Date Major Event Yang Ming's Board of Directors resolved to build five units of 15,000 TEU full container 2022.Jan.14 vessels and purchase container boxes, in order to strengthen the company's mid- to long- term operational efficiency and facilitate market demand. The Korea Fa
Slide 14: Financial Results
_— — Financial Results YANG MING
Slide 15: The Proportion of Consolidated Operating Revenue of Yang Ming Group
The Proportion of Consolidated Operating Revenue of Yang Ming Group 陽明海運 集 團 Logistics Bulk Container Shipping Wharf 4.24% 1.12% 94.54% 0.10% 15
Slide 16: Consolidated Income Statement
Consolidated Income Statement Unit：NT$ Million Items 2021 Operating Revenue 333,687 Gross Profit 213,131 Operating Income(Loss) 203,385 Net Income(Loss) 165,602 Profit(Loss),attribute to owners of the parent 165,269 EPS 48.73 16
Slide 17: Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin
Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin 17
Slide 18: Average FRT and Fuel price
Average FRT and Fuel price —_ t= Unit : USD/TEU Unit : USD/TON 800 3,063 3,200 2,979 2,975 2.905 750 2,800 700 2,400 650 2,000 600 1,600 350 500 1,200 450 800 400 400 350 0 300 202101 202102 202103 202104 202105 202106 202107 202108 202109 202110 202111 202112 —O-AVG FRT(TEU) —o—Fuel Price(TON) 18
Slide 19: Structure of Shareholders
Structure of Shareholders The latest closing date was March 29,2022 Government 32.16% Natural person 46.11% Financial institution Foreign 2.19% Legal entity investment 4.55% 14.99% 19
Slide 20: Operational Future Prospects
Operational Future Prospects 20
Slide 21: Service Rationalization-Strategies
Service Rationalization-Strategies • Strengthen competitiveness and capacity on East-West main routes with new deliveries and service restructure. East-West • Rationalize vessel deployment and rotation adjustment, improve OTP and ensure max. capacity restoration. Network • Upsize main Trans-Pacific
Slide 22: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to 30 Mar. 2022, there are 92 vessels in Yang Ming’s fleet, and total capacity is around 668,000 TEUs 2021-2022 Owned Vessels/Chartered-in Vessels / TTL Capacity Vessel(s) TTL Capacity(Teu) 100 740,000 717,000 Owned Vessels 80 44 705,000 40 41 60 668,
Slide 23: 2022 Future Prospects
2022 Future Prospects 2022 Q2-Q4: 1. Even though some market segments are affected by new tonnage released by competitors, Intra- Asia market is evolving in a stable and positive way. 2. Owning to the Russia and Ukraine conflict, the 2022 capacity supply and cargo demand may be Q2-Q4: affected in di
Slide 24: Q&A
Q&A 24
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