Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — H1 FY2007 Earnings Presentation
20 slides from Kawasaki Kisen Kaisha's earnings presentation, Oct 30, 2007
Slide 1: Financial Highlights: Brief Report for 1st Half FY2007
Financial Highlights Brief Report for 1st Half FY2007 30 October 2007 Kawasaki Kisen Kaisha, Ltd.
Slide 2: Agenda
Agenda A. Financial Highlights for 1st Half FY 2007 A-1 Financial Results for 1st Half FY2007 A-2 Key Points for 1st Half FY2007 A-3 Outline of Division-wise Results B. Prospects for FY2007 B-1 Prospects for 2H and Yearly FY2007 B-2 Business-wise Operating Revenues/Ordinary Profit Loss B-3 Key Point
Slide 3: A. Financial Highlights for 1st Half FY2007
A. Financial Highlights for 1st Half FY2007
Slide 4: A-1. Financial Results
A-1. Financial Results （Unit：billion yen） 07F 06F YoY YoY Prospects Comparison 1H Results Comparison 1H Results Comparison as of July '07 (%) Operating Cons. 646.6 630.0 16.6 518.0 128.6 25% Revenues Non. 523.7 500.0 23.7 410.0 113.7 28% Operating Cons. 61.6 55.0 6.6 23.5 38.0 162% Income Non. 42.8
Slide 5: A-2. Key Points
A-2. Key Points <YoY Comparison> Revenues Increase +128.6 billion yen Profits Increase +39.1 billion yen <Comparison with prospects as of July ‘07> Revenues Increase +16.6 billion yen Profits Increase + 4.7 billion yen <YoY Comparison> Revenue and profit increase factors : （06F１Ｈ 24.6, 07F1H prospec
Slide 6: A-3. Results for 1H FY2007 (Container Business)
A-3. Outline of Division-wise Results for 1H FY2007 (for Container Business) ＜Y o Y comparison＞ Operating revenues 300.8 billion yen (Revenues increase +56.9 billion yen ) Ordinary profits +8.1 billion yen (Profits increase +11.3 billion yen) <Comparison with prospects as of July ’07> Revenues incre
Slide 7: A-3. Results for 1H FY2007 (Dry Bulk Business)
A-3. Outline of Division-wise Results for 1H FY2007 (for Dry Bulk Business) ＜Y o Y＞ Revenues increase / Profits increase Revenue increase factors : • Business expansion : Delivery of 8 new ships during 1H 07F. (Operating Tonnage: 92.5 mil. Ton ⇒ 104.1 mil. Ton（+12.5％(Y o Y)） Profit increase factors
Slide 8: A-3. Results for 1H FY2007 (Car Carriers)
A-3. Outline of Division-wise Results for 1H FY2007 (for Car Carriers) <Y o Y> Revenues increase / Profits increase Revenue increase factors : • Business expansion: 8 ships delivered in ’06F in full operation • Total units carried (inc. intra-Europe): 1,522 => 1,664 thousand (+9.3%, (Y o Y)) – Stron
Slide 9: A-3. Results for 1H FY2007 (Energy Transportation)
A-3. Outline of Division-wise Results for 1H FY2007 (for Energy Transportation) ＜Y o Y＞ Revenues increase / Profits decrease Revenue increase factors • LNG Carrier ：Stable operation in each project ( total 32 vessels ) • Tanker : One new VLCC, two LPG carriers delivered during 1H : 4 ships delivered
Slide 10: A-3. Results for 1H FY2007 (Other Business)
A-3. Outline of Division-wise Results for 1H FY2007 (for Other Business) (Short Sea/Coastal Shipping) <YoY> Revenues increase/ Profits increase - Positive demand for both liner and non-liner service - Bunker cost save with navigation in most economical speed/ Restructuring service (Logistics ) <YoY>
Slide 11: B. Prospects for FY2007
It KLINE B. Prospects for FY 2007
Slide 12: B-1. Prospects for 2H and Yearly FY2007
B-1. Prospects for 2H and Yearly FY2007 （Unit:billion yen） (Unit:billion yen) 07F 06F 07FY Prospects 1H 2H Comparison 06FY Comparison Comparison Prospects as of Results Prospects (a) - (b) Results (c) (a) - (c) (%) (a) July '07 (b) Operating Cons. 646.6 653.4 1,300.0 1,230.0 70.0 1,085.5 214.5 20% R
Slide 13: B-2. Business-wise Operating Revenues/Ordinary Profit Loss
B-2. Business-wise Operating Revenues/Ordinary Profit Loss （Unit:billion yen） Business 07FY 06FY Comparison segment 1H 2H Yearly 1H 2H Yearly 1H Yearly Container Operating Revenues 300.8 309.2 610.0 243.9 259.5 503.5 56.9 106.5 Business Ordinary Profit/Loss 8.1 5.9 14.0 ▲ 3.2 ▲ 4.7 ▲ 7.8 11.3 21.8 O
Slide 14: B-3. Key Points for FY2007 Prospects
B-3 Key Points for FY2007 Prospects ＜Y o Y comparison＞ Revenues increase（+214.5 billion yen）, Profits increase（+64.1 billion yen） Pre-conditions : Fuel oil price $319⇒$387/KT, Exchange rate¥116.91⇒¥116.07 Market improvement, Business expansion. ＜Comparison with prospects as of July ’07＞ Revenues inc
Slide 15: B-4. FY2007 Prospects: Container Business
B-4. Outline of Division-wise FY 2007 Prospects ＜Container Business＞ (Y o Y comparison) Operating Revenues 610.0 billion yen (Revenues increase +106.5 billion yen) Ordinary Income 1.4 billion yen (Profits increase +21.8 billion yen) (Comparison with prospects as of July ’07) Revenues increase +30.0
Slide 16: B-4. FY2007 Prospects by Division
B-4. Outline of Division-wise FY 2007 Prospects ＜Car Carriers＞ Stable Firm cargo movements continuously. Proper allotment of ships depending on cargo movements, Business expansion, Service enhancement ＜Dry Bulk Carriers＞ Profits increase Market rising in high level due to tight demand on ships. Busi
Slide 17: C. "K" LINE Vision 2008+
It KLINE C. “K” LINE Vision 2008*
Slide 18: C-1. Actions to Business Assignments
C-1. Actions to Business Assignments Establishment of systematic expansion of business scale and ship management structure supporting safety in navigation and cargo operation • Business expansion and developing framework for the purpose – Enter into heavy lift shipping business through a new joint v
Slide 19: C-2. Transition of Management Indices
C-2. Transition of Management Indices 2006F 2007F 2007F (billion yen) Results 1H Results Prospects 140% Operating Revenues 1,085.5 646.6 1,300.0 500 Ordinary Income 63.9 63.7 128.0 120% Net Income 51.5 44.0 84.0 Cash Flows from 400 66.5 66.8 130.0 100% Operating Activities Cash Flows from ▲ 102.9 ▲
Slide 20: C-3. Progress of Fleet Upgrading Plan
C-3. Progress of Fleet Upgrading Plan 2007F 2008F 2009F Fleet Upgrading Plan To be delivered To be delivered To be delivered Containership 3 (1)* 5 16 1700TEU 2 3 4 No. of vessels to be received FY07-09 2400TEU 0 1 2 3500TEU 0 0 4 4500TEU 0 0 1 5500TEU 0 0 0 6400TEU 0 0 2 In the “K” Line Vision 2008
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