Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q2 FY2008 Earnings Presentation
18 slides from Kawasaki Kisen Kaisha's earnings presentation, Oct 28, 2008
Slide 1: Financial Highlights: Brief Report for 2nd Quarter FY2008
Financial Highlights Brief Report for 2nd Quarter FY2008 28 October 2008 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Agenda
Agenda A. Financial Highlights for 2nd Quarter FY2008 A-1 Financial Results A-2 Key Points A-3 Outline of Division-wise Results B. Prospects for FY2008 B-1 Prospects for Yearly FY2008 B-2 Key Points for Yearly FY2008 Prospects B-3 Division-wise Trends for Yearly FY2008 Prospects B-4 Financial Indice
Slide 3: A. Financial Highlights for 2nd Quarter FY2008
A. Financial Highlights for 2nd Quarter FY2008
Slide 4: A-1-1. Financial Results
A-1-1. Financial Results (Unit: billion Yen) FY2008 Consolidated 1H Results 1H Comparison Comparison Results 1Q Results 2Q Results (a) Forecasts*(b) (a)-(b) (%) Operating Revenues 349.5 386.0 735.5 700.0 35.5 5.1% Operating Income 32.1 42.6 74.7 72.0 2.7 3.8% Ordinary Income 33.3 41.8 75.1 70.0 5.1
Slide 5: A-1-2. Financial Results (Business-wise)
A-1-2. Financial Results (Business-wise Operating Revenues/Ordinary Income) (Unit: billion yen) Business FY2008 1H Comparison Comparison 1H Results Forecasts* Segment 1Q Results 2Q Results (a)-(b) (%) (a) (b) Operating Container Revenues 148.8 166.0 314.8 314.0 0.8 - Business** Ordinary Income ▲ 1.0
Slide 6: A-2. Key Points
A-2. Key Points <Comparison with Forecasts as of July ‘08> Operating Revenues Increase +35.5 billion yen Ordinary Income Increase +5.1 billion yen Factors for Profit Increase: ('08F 1H Forecasts 70.0=>Results 75.1 billion yen) • Yen depreciation effects Comparison with • Fuel oil price decrease Vari
Slide 7: A-3-1. Outline of Division-wise Results (Container Business)
A-3-1. Outline of Division-wise Results (for Container Business) <Comparison with forecasts as of July ’08> Operating Revenues 314.8 billion yen ( Increase by 0.8 billion yen) Ordinary Income ▲5.9 billion yen (Decrease by 1.1 billion yen) Factors for Profit Decrease • Yen depreciation (4 yen/US$), F
Slide 8: A-3-2. Outline of Division-wise Results (Dry Bulk Business)
A-3-2. Outline of Division-wise Results (for Dry Bulk Business) <Comparison with forecasts as of July ’08> Revenues increase / Profits increase • Operating Tonnage: 107.2 mil. Ton Profit increase factors : • Market for large-size : In spite of continued historical high level till August, market ente
Slide 9: A-3-3. Outline of Division-wise Results (Car Carrier Business)
A-3-3. Outline of Division-wise Results (for Car Carrier Business) <Comparison with Forecasts as of July ‘08> Operating Revenues almost flat/Ordinary Income almost flat • Total units carried（inc. intra-Europe）： 1762 thousand units • Loaded volume growth with enhancement in transportation capacity –
Slide 10: A-3-4. Outline of Division-wise Results (Energy Transportation)
A-3-4. Outline of Division-wise Results (for Energy Transportation) <Comparison with Forecasts as of July ‘08> Operating Revenues almost flat/Ordinary Income almost flat LNG carrier ： 8 new ships for the project we got engaged delivered in 1H of FY2008. Stable operation of 41 vessels in each existin
Slide 11: A-3-5. Outline of Division-wise Results (Other Business)
A-3-5. Outline of Division-wise Results (for Other Business) （Heavy Lifter） <Comparison with Forecasts as of July ‘08> Operating Revenues flat/Ordinary Income flat – Keeping high utilization ratio due to strong demand for infrastructure building and construction of oil refinery. （Short sea / Coastal
Slide 12: B. Prospects for FY2008
It KLINE B. Prospects for FY 2008
Slide 13: B-1. Prospects for Yearly FY2008
B-1. Prospects for Yearly FY2008 with Business-wise Operating Revenues/Ordinary Income (Unit: billion yen) Consolidated FY2008 (Unit: billion yen) revised 1H 2H Yearly Forecasts Business FY2008 Balance Segment forecasts Results Prospects Prospects as of July 1H 2H Yearly Operating Operatnig 735.5 64
Slide 14: B-2. Key Points for Yearly FY2008 Prospects
B-2. Key Points for Yearly FY2008 Prospects <Comparison with Forecasts as of July ‘08> Operating Revenues Decrease ▲15.0 billion yen Ordinary Income Decrease ▲16.0 billion yen Preconditions: Fuel oil price $685=>$550/MT, Exchange rate¥101=>¥103/US$ Dry bulk market drastic fall （'08F Prev. forecasts
Slide 15: B-3-1. Division-wise Trends (Container Business)
B-3-1. Division-wise Trends for Yearly FY2008 Prospects (Container Business) <Container Business> <Comparison with Forecast as of July ‘08> Operating Revenues : 600.0 billion yen (as prospects), Ordinary Income: ▲18.9 billion yen (+1.6 billion yen improvement from the forecasts) Freight rate decline
Slide 16: B-3-2. Division-wise Trends (Dry Bulk/Car Carrier)
B-3-2. Division-wise Trends for Yearly FY2008 Prospects (Dry Bulk Business/Car Carrier Business) <Dry Bulk Business> Revenues & Profit decrease from the forecasts as of July ‘08 Market rate fall > Fuel oil price down Precondition Dry Bulk Market 1H FY2008 3Q FY2008 4Q FY2008 2H FY2008 for 2H as of (
Slide 17: B-3-3. Division-wise Trends (Energy Transportation/Heavy Lifters)
B-3-3. Division-wise Trends for Yearly FY2008 Prospects (Energy Transportation/Heavy Lifters) <Energy Transportation> Revenues & Profit increase from the forecasts as of July 2008 LNG Carrier : 14 newbuildings to be delivered in FY ’08, expanding our fleet to a total of 47 ships Tanker : Fleet expan
Slide 18: B-4. Financial Indices
B-4. Financial Indices ’07F Yearly ’08F 1H ’08F Yearly ’08F Yearly Results Results Prospects Prospects* Operating Revenues 1,331.0 735.5 1,380.0 1,340.0 Ordinary Income 125.9 75.1 105.0 121.0 Net Income 83.0 51.2 71.0 78.0 Operating C/F 141.2 54.6 95.0 - (Depreciation) 34.8 19.3 41.8 - Investment C/
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