Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q3 FY2008 Earnings Presentation
19 slides from Kawasaki Kisen Kaisha's earnings presentation, Jan 30, 2009
Slide 1: IS KLINE
IS KLINE 2008 3 2009 1 30
Slide 2: A. 2008 A-1 A-2 A-3 B. 2008 B-1 B-2 B-3 B-4 B-5
A. 2008 3 A-1 A-2 A-3 B. 2008 B-1 B-2 B-3 B-4 B-5
Slide 3: A. 2008 results
IS KLINE A. 2008 3
Slide 4: A-1-1. 3Q results summary
A-1-1. 2008 2007 3Q 9 9 7,355 3,181 10,536 9,846 690 7% 747 149 897 1,007 ▲ 110 -11% 751 66 818 1,010 ▲ 192 -19% 512 ▲ 105 407 680 ▲ 273 -40% ¥105.67 ¥99.17 ¥103.50 ¥117.57 ▲¥14.07 -12% $601 $483 $562 $382 $181 47% (1-3Q 14 132 $181/MT 312 163
Slide 5: A-1-2. Results by segment
A-1-2. 2008 2007 3Q 9 3,148 1,343 4,491 4,536 ▲ 45 -1% ▲ 59 ▲ 144 ▲ 203 95 ▲ 299 -313% 3,642 1,593 5,235 4,473 762 17% 779 196 976 867 108 12% 565 244 810 837 ▲ 28 -3% 31 14 45 47 ▲2 -4% 7,355 3,181 10,536 9,846 690 7% 751 66 818 1,010 ▲ 192 -19%
Slide 6: A-2. Ordinary income change analysis
A-2. 690 192 07F3Q 1,010 08F3Q 818 • ▲ 132 ▲ 312 9 • 14 289 • 181 ▲ 162 • ▲ 15 131 ▲ 192
Slide 7: A-3-1. Containership segment
A-3-1. 4,491 45 203 299 • 247.5 TEU , +1.5% • 14 • 181 • 1-3Q * +8.3% 7.2% 5.1% +1.9% +5.7% +32.7% +30.4% +36.2% +2.8% +17.6% * =
Slide 8: A-3-2. Bulk carrier market
A-3-2. • 157.2 ( 2.0%) • 9 • 9 • 2008 170 $8,000 $96,000 $20,000 -$31,000 -24.4% $127,000 74 $6,500 $40,500 $11,500 -$21,500 -34.7% $62,000 53 $7,000 $35,000 $10,250 -$15,000 -30.0% $50,000
Slide 9: A-3-3. Bulk carrier segment
A-3-3. iS KLINE . 258.5 ( 2.7%)
Slide 10: A-3-4. Tankers and LPG
A-3-4. 3 12 45 Aframax ( 3 LPG 1 Aframax 1 ) 3,388.2 9.3 ( ) 2008 VLCC ( / ) 80 129 70 59 84.3% 110 Aframax ( / ) 165 198 120 78 65.3% 210 7 ( / ) 210 243 135 108 80.2% 230
Slide 11: A-3-5. KLINE
A-3-5. KLINE 2007
Slide 12: B. 2008 forecast
IS KLINE B. 2008
Slide 13: B-1. Full-year forecast summary
B-1. 2008 2007 9 4Q 10,536 2,264 12,800 13,800 ▲ 1,000 -7% 13,310 ▲ 510 -4% 897 ▲ 127 770 1,080 ▲ 310 -29% 1,296 ▲ 526 -41% 818 ▲ 148 670 1,050 ▲ 380 -36% 1,259 ▲ 589 -47% 407 ▲ 107 300 710 ▲ 410 -58% 830 ▲ 530 -64% ¥13.5 - ¥13.5 ¥25 ▲¥11.50 -46% ¥26 ▲¥12.50 -48% ¥103.50 ¥90.34 ¥100.21 ¥102.83 ▲¥2.6
Slide 14: B-2. Forecast by segment
B-2. 2008 2007 9 4Q 4,491 879 5,370 6,000 ▲ 630 5,998 ▲ 628 ▲ 203 ▲ 135 ▲ 338 ▲ 189 ▲ 149 47 ▲ 386 5,235 1,079 6,314 6,730 ▲ 416 6,158 156 976 ▲3 973 1,195 ▲ 222 1,153 ▲ 180 810 306 1,116 1,070 46 1,155 ▲ 39 45 ▲ 10 35 44 ▲9 59 ▲ 24 10,536 2,264 12,800 13,800 ▲ 1,000 13,310 ▲ 510 818 ▲ 148 670 1,050
Slide 15: B-3. Ordinary income change analysis
B-3. 1,000 380 510 589 $500 $379 ¥100 ¥95 $407 $490 ¥115 ¥100 1,259 / 08F 1,210 08F 672 ▲ 15 ▲ 140 97 ▲ 265 ▲ 236 ▲ 259 ▲ 169 175 ▲ 17 ▲ 201 ▲ 14 3 ▲ 26 98 ▲ 380 ▲ 589 ( 1 3 $10/MT 8
Slide 16: B-4-1. Containership forecast
B-4-1. 5,370 338 630 149 628 386 / 312 TEU ( 10% 3% ) * +4.3% 16.7% 6.1% 3.5% 2.2% +31.4% +16.0% +33.8% +2.6% +12.3% * =
Slide 17: B-4-2. Bulk carrier forecast
B-4-2. 170 $96,000 $10,000 $9,000 $74,500 $20,000 $122,250 74 $40,500 $5,000 $5,750 $31,625 $11,500 $59,500 53 $35,000 $2,500 $4,750 $26,875 $10,250 $49,500
Slide 18: B-4-3. Tanker and LNG forecast
B-4-3. (08F 5 LNG 14 ) Aframax (WS) VLCC ( / ) 129 80 80 117 110 94 Aframax ( / ) 198 85 125 170 210 151 7 ( / ) 243 85 148 204 230 148 08F 3
Slide 19: B-5. Financial indicators and DER
B-5. 2007 2008 2008 2008 ( 13,310 10,536 12,800 13,400 13,800 1,259 818 670 1,210 1,050 830 407 300 780 710 CF 1,412 754 620 950 348 298 418 418 CF 1,455 1,348 1,460 1,550 CF 43 594 840 600 3,558 3,313 3,206 4,260 4,084 3,297 4,263 4,313 4,069 37% 33% 32% 37% 37% ROE 24% 16% 9% 19% ROA 13% 11% 7% 12
Kawasaki Kisen Kaisha — Q3 FY2008 Earnings Presentation on 6ix