Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2020 Investor Conference
24 slides from Yang Ming Marine Transport's conference presentation, Oct 29, 2020
Slide 1: Yang Ming Marine Transport Corp. 2020 Investor Conference
Yang Ming Marine Transport Corp. 2020 Investor Conference 2020.10.29 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 Improvement & Future Prospects 3
Slide 4: Container Shipping Overview
Container Shipping Overview 4
Slide 5: World Economic Outlook Climbing out from the depths
World Economic Outlook Climbing out from the depths • Global growth is projected at −4.4% in 2020 and at 5.2% in 2021 in the IMF Oct 2020 World Economic Outlook (WEO). The uncertainty surrounding is unusually large relates to the path of the pandemic, the soft demand, financial market sentiment and
Slide 6: Supply and Demand COVID-19 remains the No1. downside risk
Supply and Demand COVID-19 remains the No1. downside risk 2021 supply and demand forecast • Alphaliner, Drewry, and Clarksons research forecast demand will exceed supply with a rebound in port handling activity in 2021 given continued uncertainty with regard to the development of the COVID-19 pandem
Slide 7: COVID-19 Living with uncertainty
COVID-19 Living with uncertainty • Drewry forecasts that a rebound in port handling activity in 2021 could reach over 6%. For next year, the upside does provide a nice uplift with potential growth of 8.8% instead of the baseline. • On the flip side, more negative COVID-19 news could and further lock
Slide 8: Marine Fuel Oil Price Outlook Singapore market price
Marine Fuel Oil Price Outlook Singapore market price • Reduced economic activity related to the COVID-19 pandemic has caused changes in energy demand and supply patterns in 2020 and the price seems not very bullish until 2022. 600 Both price of LSMGO and VLSFO would gradually go higher from 2022 500
Slide 9: Business Information
Business Information 9
Slide 10: Fleet and Service
Fleet and Service • 100+ Services / 170+ Ports / 80+ Countries / 250 offices 8 loops 1 loops 6 loops Asia - Red 12 loops Europe - North Asia - Europe Asia - North America West America 7 loops Coast 5 loops 13 loops Asia - Asia - North Intra Europe Feeder Gulf/India America East Coast Intra Mediterra
Slide 11: Market Share and Rank
Market Share and Rank • As of 20th October 2020, YM’s market share is ranked 9th in the world. Source: Alphaliner, 20th Oct 2020. 11
Slide 12: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relative balanced on trade capacity • THE Alliance accounts for 19.7% of • Market share of East-West Service global ship capacity, about 4.6 million 2M+Zim and OCEAN mainly focus on TEU. Europe – N. America and FE. – N. • 2M+ZIM occupies the highest America trade
Slide 13: Financial Results
_— — Financial Results YANG MING
Slide 14: Proportion of Consolidated Operating Revenue of Yang Ming Group
The Proportion of Consolidated Operating Revenue of Yang Ming Group 陽明海運 集 團 Logistics Bulk Container Shipping Wharf 3.64% 1.58% 94.46% 0.22% 14
Slide 15: Consolidated Income Statement 2020
Consolidated Income Statement 2020 Unit：NT$ Million Items 2020Q2 Other operating Operating Slottage revenue, 3% revenue, Revenue Operating Revenue 66,392 7% Rental revenue on vessel, Operating Cost 62,657 Cargo revenue, 1% 89% Gross Profit 3,736 Operating Income(Loss) 857 Others, Operating Net Incom
Slide 16: Consolidated Operating Income, Gross Profit Margin and Net Income Margin
Consolidated Operating Income, Gross Profit(Loss) Margin and Net Income(Loss) Margin Unit：NT$100 Million Operating Revenue Gross Profit(Loss) Margin Net Income(Loss) Margin 450 10% 404 400 387 385 378 7% 359 351 346 350 336 310 318 4% 300 1% 250 -2% 200 -5% 150 -8% 100 50 -11% 0 -14% 2018Q1 2018Q2 2
Slide 17: Consolidated Operating Revenue, Volume and Fuel
Consolidated Operating Revenue, Volume and Fuel Unit:10 thousand TEU Unit：USD 60 900 851 839 783 804 794 759 800 50 45 700 42 39 39 37 37 40 600 500 548 30 532 400 470 463 300 20 380 315 200 10 100 0 0 202001 202002 202003 202004 202005 202006 Volume(10 thousand TEU) AVG FRT(TEU) Fuel Price(TON) 17
Slide 18: Structure of Shareholders
Structure of Shareholders Domestic natural person Government 35.71% 47.63% Foreign Domestic investment legal entity Domestic 5.33% 5.66% financial institution 5.67% Note : The latest closing date was April 19,2020,and the company 5th secured convertible bond has converted into 21,288,452 of common s
Slide 19: Operational Improvement & Future Prospects
Operational Improvement & Future Prospects 19
Slide 20: Service Rationalization-Strategies
Service Rationalization-Strategies • Strengthen the competitiveness of east-west routes East-West through close cooperation with THE Alliance. Network • Develop potential market and deploy new niche service to create more benefit to customers. • Strengthen current joint service cooperation on South
Slide 21: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to 31st OCT 2020, there are 91 vessels in Yang Ming’s fleet, and total capacity is 624,476 TEU 2020-2022 Own Vessels/Chartered-in Vessels / TTL Capacity 120 750,000 624,476 685,129 716,131 100 Own vessels 80 700,000 45 46 45 60 Chartered-in 40 650,000
Slide 22: Solutions for Environmental Regulations
Solutions for Environmental Regulations Diversify risks and cost saving Main solutions for IMO 2020 ECA Open sea Remark It will be taken into consideration as a Diversify risks and cost saving long term solution for next generation’s newbuilding plan after LNG (non-fossil fuel) Both adoptable a comp
Slide 23: Smart ship notation - 2800 TEU Container ship
Smart ship notation -2800 TEU Container ship ES BOW Big data Best trim Best trim Smart ship ES Propeller Analysis (8,000 TEU CLASS) (14,000 TEU CLASS) (2,800 TEU CLASS) Smart Smart YANG MING YM YM Class Smart notation notation Rule Level application approval 2.8K No.1 smart ship DNV-GL 3 vessels 3艘
Slide 24: Q&A
Q&A 24
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