Nippon Steel Corp. · TSE:5401

Nippon Steel — H1 FY2006 Earnings Presentation

36 slides from Nippon Steel's earnings presentation, Oct 27, 2006

  1. Slide 1: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2007 3 2006 10 27 0 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  2. Slide 2: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    1 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  3. Slide 3: I 2006

    I 2006 * 2006.9.7 2 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  4. Slide 4: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 19,834 18,634 1,200 19,700 134 12,527 12,454 *1 73 12,500 27 7,307 6,180 *1 1,127 7,200 107 2,663 3,013 350 2,550 113 1,992 2,363 371 2,000 8 671 650 21 550 121 2,689 2,944 *2 255 2,500 189 1,964 2,200 236 1,900 64 725 744 19 600 125 *3 185 80 105 170 15 1,641 1,956 315 1,600 41 1,272 1,421 149

  5. Slide 5: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 270 600 +60 30 100 180 10 *1 30 *2 200 + 70 *3 345 *1; 40 50 40 *2; *3 40 20 10 4 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  6. Slide 6: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 19,834 19,700 134 12,527 12,500 27 7,307 7,200 107 2,663 2,550 113 1,992 2,000 8 671 550 121 2,689 2,500 189 1,964 1,900 64 725 600 125 185 170 15 1,641 1,600 41 1,272 1,250 22 369 350 19 5 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  7. Slide 7: A B IPP

    2006 A B 19,834 2,663 13.4% 18,634 3,013 16.2% + 1,200 349 19,700 2,550 1 16,184 2,419 14.9% 15,498 2,844 18.4% + 686 425 16,300 2,350 1,593 12 0.8% 1,277 24 -1.9 % + 315 + 37 1,550 20 328 43 13.1% 385 41 10.6% 56 + 1 300 40 2 2 1,580 111 7.0% 1,468 85 5.8 % + 111 + 25 1,550 90 318 18 5.7% 243 15 6.

  8. Slide 8: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 ( ) 7 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  9. Slide 9: (06/9E) (06/3E) 06/9E

    2006 06 (06/9E) 05 (06/3E) 06/9E 06/3E 45,913 45,427 +485 2 1 1 2 +1,140 +1,641 598 , 1,007 06.7 , 573 cf. 16,127 (06.9 17,059 (06.3 8 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  10. Slide 10: 1992

    2006 1992 4 14 20 30 15 20 20 30 9 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  11. Slide 11: II 2006

    II 2006 * 2006.9.7 10 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  12. Slide 12: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 41,500 19,834 39,063 18,634 2,437 41,000 *1 25,000 12,527 25,913 12,454 913 25,000 *1 16,500 7,307 13,150 6,180 3,350 16,000 5,300 2,663 5,763 3,013 463 5,100 3,950 1,992 4,339 2,363 389 3,900 1,350 671 1,424 650 74 1,200 *2 5,250 2,689 5,474 2,944 224 5,000 3,750 1,964 3,887 2,200 137 3,650 1,

  13. Slide 13: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 800 +70 *1 +70 *2 40*3 + 210 350 350 5,400 830 +150 450 150 #1 800 4,600 * *1; 100 70 40 *2; *3 10 10 20 12 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  14. Slide 14: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 41,500 41,000 500 25,000 25,000 16,500 16,000 500 5,300 5,100 200 3,950 3,900 50 1,350 1,200 150 5,250 5,000 250 3,750 3,650 100 1,500 1,350 150 3,100 3,000 100 2,400 2,300 100 700 700 13 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  15. Slide 15: (A) (B) Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 (A) (B) 41,500 19,834 21,666 25,000 12,527 12,473 16,500 7,307 9,193 5,300 2,663 2,637 3,950 1,992 1,958 1,350 671 679 5,250 2,689 2,561 3,750 1,964 1,786 1,500 725 775 3,100 1,641 1,459 2,400 1,272 1,128 700 369 331 14 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  16. Slide 16: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 130 100 +30 150 160*1 100 2,710 80 +50*2 150 20 #1 *1; 160 *2 70 80 20 15 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  17. Slide 17: A B IPP

    2006 A B 41,500 5,300 12.8% 39,063 5,763 14.8% + 2,437 463 41,000 5,100 *1 33,550 4,750 14.2% 31,438 5,176 16.5% + 2,112 426 33,200 4,600 3,500 100 2.9% 3,361 95 2.8% + 139 + 5 3,500 100 *2 950 100 10.5% 1,040 130 12.5% 90 30 900 100 *3 *3 3,200 200 6.3% 2,984 193 6.5% + 216 + 7 3,200 190 650 35 5.4

  18. Slide 18: (A) (A B)

    2006 (A) ( ) (A B) 41,500 5,300 19,834 2,663 21,666 2,637 + 1,832 26 *1 33,550 4,750 16,184 2,419 17,366 2,331 + 1,182 88 3,500 100 1,593 12 1,907 88 + 314 76 950 100 328 43 622 57 + 294 14 *2 *2 *2 3,200 200 1,580 111 1,620 89 + 40 22 650 35 318 18 332 17 + 14 1 1,550 130 701 51 849 79 + 148 28 1,9

  19. Slide 19: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    2006 ( ) ( ) 18 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  20. Slide 20: D/E ratio

    2006 05 05 06. 06. 99 06 06 05 05 06 06 *1 12,238 13,456 12,200 38 D/E D/E (Debt (Debt Equity Equity ratio) ratio) 0.73 0.82 0.7 0.03 *1 1,000 D/E 2.37 1.66 1.08 0.82 0.73 0.70 19 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  21. Slide 21: III

    III 20 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  22. Slide 22: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    5,806 2,897 2,909 11,272 5,680 5,592 1,740 891 849 3,190 1,638 1,552 1 1,541 754 787 3,132 1,581 1,552 1,716 845 871 3,395 1,708 1,688 <1,571> <770> <801> <3,120> <1,573> <1,547> 1,542 759 784 2,959 1,476 1,484 73.4 71.6 75.2 74.3 73.4 75.2 32.3 32.2 32.4 30.8 31.6 30.1 115 115 116 113 109 117 1 21

  23. Slide 23: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    7,864 3,895 3,969 7,754 3,814 3,940 4,922(63%) 4,803(62%) 6,425 3,176 3,249 6,358 3,125 3,233 2,784 1,376 1,408 2,789 1,383 1,406 3,641 1,800 1,841 3,569 1,742 1,827 591 290 301 572 275 297 1,377 681 696 1,340 646 694 1,439 719 720 1,396 689 707 125 64 61 125 64 61 7,212 3,781 3,431 7,220 3,765 3,45

  24. Slide 24: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    623 615 572 573 559 567 555 548 554 542 531 533 533 537 536 541 520 524 528 526 512 503 464 463 458 429 421 426 413 414 404 417 393 398 393 376 371 376 377 374 386 384 393 360 23 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  25. Slide 25: (US$/t, CIF (US$/t FOB) (US$/t, FOB)

    2006.10 (US$/t, CIF ) (US$/t, FOB) (US$/t FOB) US$/t 170 t 24 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  26. Slide 26: (US$/t LME

    2006.10 (MWM US$/lb-Mo) MBM US$/kg-V) (US$/t LME ) (OPEC , US$/ , ) (PLATT'S JAPAN 380CST, US$/MT) 25 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  27. Slide 27: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    03 04 05 06 1,600 1,840 1,850 1,805 2,050 1,833 2,800 1,950 1,200 1,340 1,400 1,299 1,650 1,306 2,100 1,400 2006.9.7 26 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  28. Slide 28: (Gr) + 321 + 1 320 329 332 344 2002 2006 * 2005 2006

    (Gr) 06 05 04 03 02 250 1 251 258 259 258 71 + 2 69 71 73 86 321 + 1 320 329 332 344 2002 2006 * 2005 2006 2006 7 6 27 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  29. Slide 29: ROS ROA D/E

    * 06 05 04 03 02 ROS / 13.6 14.0 11.0 5.9 2.5 ROA / * 12.0 12.4 10.1 5.3 2.6 / * 0.86 0.86 0.88 0.79 0.73 / * 5.51 6.06 5.99 5.41 4.92 / 35.6 36.9 30.7 25.3 21.0 / * 33.9 31.3 37.8 53.4 68.1 D/E / 0.82 0.73 1.08 1.66 2.37 1999 / . / / 28 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserve

  30. Slide 30: V

    V 29 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  31. Slide 31: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    . 30 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  32. Slide 32: CB

    . 3,000 5 2.228% SWAP +0.7% 5 6 Libor+1.7% 5 CB 740 / 10 19 150% 5.96% NS 100% 2006 11 9 2012 1 13 * R&I<70%> JCR<75%> Moody’s<75%> * UFJ CB 31 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  33. Slide 33: RHF HBI

    . 9 2000 8 5 3 5 JV 5 100 120 2007 2005 8 20 2006 10 20 RHF 2 20 / 2 2007 5 6 RHF HBI 3.32 2 550 2.17 1.7 32 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  34. Slide 34: RHF (Rotary Hearth Furnace)

    RHF RHF RHF (Rotary Hearth Furnace) [ ] ( ) ) CSC 33 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  35. Slide 35: 2006 NS 2006 2006 2006 2006 2006 06 5 44.7 36.3 2006 10 2007

    2006 4 100 2006 6 15 NS 2006 7 2006 10 2006 7 2006 8 2006 12 2006 5 44.7 36.3 2006 10 2007 3 2006 10 26 2007 4 2006 5 34 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

  36. Slide 36: Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

    35 Copyright (C) 2006 NIPPON STEEL Corporation All Rights Reserved.

Nippon Steel — H1 FY2006 Earnings Presentation on 6ix