Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2023 Investor Conference
22 slides from Yang Ming Marine Transport's conference presentation, Sep 20, 2023
Slide 1: Yang Ming Marine Transport Corp. 2023 Investor Conference
Yang Ming Marine Transport Corp. 2023 Investor Conference 2023.09.20 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 IMF expects global growth of 3.0% this year, slightly raised of 0.2 % than the fund’s estimates published in April. World Economic Outlook Projections % 2022 2023(F) 2024(F) 8.0 7.2 7.0 6.3 6.1 6.0 5.5 5.2 5.0 4.6 4.5 4.5 4.0 3.5 3.5 3.0 3.0 3.0 2.9 3.0 2.1 2.1 1.8 2.0 1.5 1.4 1.2 1
Slide 6: Supply and Demand
Supply and Demand Drewry, Alphaliner and Clarksons research forecast supply will exceed demand from 2023 to 2024. 2022 2023(F) 2024(F) Supply 4.2% 7.2% (4.7%) 6.5% (6.3%) Drewry Demand 0.5% 0.3% (1.0%) 2.6% (3.1%) Supply 4.1% 8.2% (8.3%) 9.0% (8.9%) Alphaliner Demand 0.1% 1.4% (1.4%) 2.2% (2.2%) Sup
Slide 7: Marine Fuel Oil Price Outlook
Marine Fuel Oil Price Outlook • Brent Crude (USD/ Barrel) forecast by finance service industry and EIA： 2023 2023 2024 2024 2024 2024 Update Q3 Q4 Q1 Q2 Q3 Q4 Date Standard Chartered $88 $93 $92 $94 $98 $106 2023/09/05 Bank Morgan Stanley $85 $83 $80 $80 $80 $80 2023/08/24 Goldman Sachs Group $84 $8
Slide 8: Business Information
Business Information 8
Slide 9: The Proportion of Consolidated Operating Income
The Proportion of Consolidated Operating Income ★AWE、PSW 、PNW ★Intra-East Asia ★Middle East, Red sea, South America, Australia, ★NCP、MED、TA、IEU South Asia Data interval:202301~202306 9
Slide 10: Lifting Volume Analysis
Lifting Volume Analysis- Lifting Volume in Year 202301~06 decreased by 2% YOY FY2023H1：2.23 million TEU FY2022H1：2.27 million TEU 10
Slide 11: Capacity Ranking
Capacity Ranking As of August 2023, Yang Ming's fleet capacity is ranked 9th in the world. Source: Alphaliner, August 2023 11
Slide 12: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relatively balanced on trade capacity Three Major Alliances account As to East-West Market share for 84% of market share, very (weekly capacity), THE alliance identical since Q1-2023. increased at all fronts: 29% in Eur- 2M+ZIM and OA remain Top N.AM, 25% a
Slide 13: Financial Results
Financial Results 14
Slide 14: The Proportion of Consolidated Operating Revenue of Yang Ming Group
The Proportion of Consolidated Operating Revenue of Yang Ming Group Logistics Bulk Shipping Container Shipping Stevedoring 3.6% 2.8% 93.4% 0.2% 14
Slide 15: Consolidated Income Statement
Consolidated Income Statement Unit：NT$ Million Items FY2023H1 Operating Revenue 72,000 Gross Profit 6,967 Operating Income(Loss) 3,042 Net Income(Loss) 3,449 Profit(Loss),attribute to owners of the parent 3,271 EPS 0.94 15
Slide 16: Consolidated Operating Income, Gross Profit Margin and Net Income Margin
Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin Data interval:2019Q1~2023Q2 interval: 16
Slide 17: Fuel price and Average FRT
Fuel price and Average FRT Unit： Unit： USD/TON USD/TEU 900 4,000 850 818 3,500 811 800 770 2,927 3,000 2,875 750 2,607 698 691 2,500 700 664 2,129 652 650 624 2,000 602 604 1,591 600 565 1,500 1,312 558 1,088 550 1,024 908 1,000 838 817 810 500 500 450 400 0 Fuel Price(TON) AVG FRT(TEU) 17
Slide 18: Structure of Shareholders
Structure of Shareholders The latest closing date was Jul 10,2023 18
Slide 19: Operational Future Prospects
Operational Future Prospects 20
Slide 20: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to Sep. 2023, there are 93 vessels in Yang Ming’s fleet, with total capacity around 705,000 TEUs 20
Slide 21: Future Prospects
Future Prospects The freight rates of main trades have stopped declining in third quarter. However, the global market is still affected 2023 Q3-Q4: by high inflation, overcapacity and interest rate hike, and the issue of supply-demand imbalance remains. Overall, uncertainties will still remain in th
Slide 22: Q&A
Q&A 24
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