Kawasaki Kisen Kaisha, Ltd. · TSE:9107

Kawasaki Kisen Kaisha — FY2015 Earnings Presentation

34 slides from Kawasaki Kisen Kaisha's earnings presentation, July 2015

  1. Slide 1: Supplementary Report FY2015

    Supplementary Report - FY2015 - July 2015 Kawasaki Kisen Kaisha, Ltd.

  2. Slide 2: Shipping Markets, Financial Data, Historical Data

    1. Shipping Markets 2. Financial Data 3. Historical Data - For 6 Years -

  3. Slide 3: Supplementary Information 1 - Shipping Markets

    Supplementary Information -1 - Shipping Markets-

  4. Slide 4: 1-1. K Line Container Loading Volume

    1-1. “K” Line Container Loading Volume 2012FY 2013FY 2014FY 2015FY 1H 2H 1H 2H 1H 2H 1H Loading Volume FY FY FY 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q (Unit 1,000TEU) Asia/America E/Bound 184 212 395 199 171 370 766 194 210 405 198 174 372 777 213 230 443 219 196 414 858 243 W/Bound 106 118 224 114

  5. Slide 5: 1-2. Line/Alliance wise Vessel/Capacity Comparison

    1-2. Line/Alliance wise Vessel/Capacity Comparison Top 30 Container Carriers ranked by operating capacity as of July 2015 TOTAL Rank Operator TEU 1 APM-Maersk 3,092,875 2 Mediterranean Shg Co 2,634,095 3 CMA CGM Group 1,757,770 4 Hapag-Lloyd 972,870 5 Evergreen Line 949,019 APM-Maersk 6 COSCO Contai

  6. Slide 6: 1-3. K Line Container Volume & Share (Asia to North America)

    1-3. “K” Line Container Volume & Share (Asia to North America ’01-’15) 5

  7. Slide 7: 1-4. K Line Container Volume & Share (North America to Asia)

    1-4. “K” Line Container Volume & Share (North America to Asia ’01-’15 ) 6

  8. Slide 8: 1-5. K Line Container Volume & Share (Asia to Europe)

    1-5. “K” Line Container Volume & Share (Asia (ex.India) to Europe ’01-’15, ) 7

  9. Slide 9: 1-6. K Line Container Volume & Share (Europe to Asia)

    1-6. “K” Line Container Volume & Share (Europe to Asia (ex.India) ’01-’15 ) 8

  10. Slide 10: 1-7. Trend of Average Container Freight/Volume

    1-7. Trend of Average Container Freight/Volume （2004F-2015F） Volume（1,000TEU） Average Freight（$） 1000 1,366 1,351 1,600 1,372 1,433 1,473 1,326 1,348 1,274 1,345 865 900 1,243 859 1,321 1,273 1,144 1,159 871 1,274 1,292 1,170 825 1,330 1,319 932 1,038 1,179 789 777 1,281 1,210 846 1,297 1,221 1,186

  11. Slide 11: 1-8. Dry Bulk Market

    1-8. Dry Bulk Market Dry Bulk Market (BDI) 10

  12. Slide 12: 1-9. Tanker Market

    1-9. Tanker Market Tanker Market (VLCC AG/JPN) 11

  13. Slide 13: 1-10. Cars/Trucks Transported by K Line PCTC Fleet

    1-10. Transition of Cars / Trucks Transported by “K” Line PCTC Fleet 12

  14. Slide 14: 1-11. K Line Vessel Fleet Composition

    1-11. “K” Line Vessel Fleet Composition Total 584 Total 588 600 Coastal/Ferry, 49 Coastal/Ferry, 49 Heavy Lifter 2015 March 17ships 500 Energy Resource, 66 2015June 16ships Energy Resource, 67 Offshore Energy E&P Support Ships 400 PCTC, 102 PCTC, 98 2015March 8ships 2015Jume 8ships 300 Bulk Carrier,

  15. Slide 15: 1-12. K Line Container Vessel Fleet Composition

    1-12. “K” Line Container Vessel Fleet Composition 2015 Mar 2015 June K 14,000TEU 1 2 K 8,000TEU (8,600~8,200) 13 15 K 5,500TEU (6,300~5,500) 20 17 K 4,200TEU（4,800~4,200） 28 23 K 1,700TEU（2,500~1,700） 15 15 K 1,200TEU (1,200~680) 3 3 300m 200m 100m 0m Total 80 75 14

  16. Slide 16: 1-13. K Line Bulk Carrier Fleet Composition

    1-13. “K” Line Bulk Carrier Fleet Composition 15

  17. Slide 17: 1-14. K Line PCTC Vessel Fleet Composition

    1-14. “K” Line PCTC Vessel Fleet Composition 2015 Mar 2015 June 7,000units over 1 46 46 6,000~6,999units 15 14 5,000~5,999units 18 17 4,000~4,999units 8 6 3,000~3,999units 6 6 2,000~2,999units 9 8 2,000units under 200m 100m 0m Total 102 98 16

  18. Slide 18: 1-15. Energy Resource Transportation, Offshore Energy & Heavy Lifter Fleet

    1-15. “K” Line Energy Resource Transportation, Offshore Energy E&P Support & Heavy Lifter Fleet Composition Drillship 2015 Mar 1 2015 June 1 CHEMICAL Tanker 2015 Mar 3 2015 June 3 Note: The number of Energy Resource Transportation includes 23 vessels owned by SPC of the projects ( 23 LNG Carriers).

  19. Slide 19: 1-16. Fleet Upgrading Plan

    1-16. Fleet Upgrading Plan 2015F 2016F 2017F 2018F <Fleet Upgrading Plan> Already To be delivered To be To be To be delivered by 1Q delivered delivered delivered No. of Newbuildings during FY2015-2018 Containership 4 (1) 0 0 5 *Including vessels to be chartered from ship 14000TEU 4 1 5 Dry Bulkers 1

  20. Slide 20: 1-17. K Line Group Composition of Fleet

    1-17. “K” Line Group Composition of Fleet 2015 June 2015 Mar Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No. DWT(MT) No. DWT(MT) Contianerships 9 603,179 66 4,074,216 75 4,677,395 80 4,842,646 Dry Bulk Carriers 69 7,849,662 207 23,294,513 276 31,144,175 261 29,548,035 Car Carr

  21. Slide 21: Supplementary Information 2 - Financial Data

    Supplementary Information-2 - Financial Data -

  22. Slide 22: 2-1. Transition of Operating Revenues

    2-1. Transition of Operating Revenues 21

  23. Slide 23: 2-2. Breakdown on Non-Operating, Extra-Ordinary Items (2015FY)

    2-2. Breakdown on Non-Operating, Extra-Ordinary Items (2015FY ) 22

  24. Slide 24: Supplemental Information 3 - Historical Data

    Supplemental Information -3 Historical Data - For 6 Years -

  25. Slide 25: 3-1. Consolidated Revenues & Incomes

    3-1. Consolidated Revenues & Incomes 24

  26. Slide 26: 3-2. Consolidated Total Assets/Shareholders' Equity

    3-2. Consolidated Total Assets/Shareholders’ Equity 25

  27. Slide 27: 3-3. Consolidated ROE / ROA

    3-3. Consolidated ROE / ROA 26

  28. Slide 28: 3-4. Consolidated EV/EBITDA

    3-4. Consolidated EV/EBITDA 27

  29. Slide 29: 3-5. Consolidated Assets Turnover

    3-5. Consolidated Assets Turnover 28

  30. Slide 30: 3-6. Ordinary Income on Revenues / Total Assets

    3-6. Consolidated Ordinary Income on Revenues / Ordinary Income on Total Assets 29

  31. Slide 31: 3-7. Consolidated Interest Coverage Ratio

    3-7. Consolidated Interest Coverage Ratio 30

  32. Slide 32: 3-8. Consolidated Net Income / Operating Cash Flow

    3-8. Consolidated Net Income / Operating Cash Flow 31

  33. Slide 33: 3-9. Consolidated Segment Information

    3-9. Consolidated Segment Information （Unit：million yen） （Unit：million yen） 09F 10F 11F Operationg Revenue Operating Revenues Marine Transportation 729,683 Containership Bussiness 444,971 395,460 Freight Forwarting / 87,918 Bulk Shipping Bussiness 447,111 463,507 Harbor Transportation Others 20,431

  34. Slide 34: 3-10. Non-Consolidated Financial Data

    3-10. Non-Consolidated Financial Data （Unit：million yen） 09F 10F 11F 12F 13F 14F Operationg Revenues 631,747 772,321 737,994 834,217 954,427 1,060,231 Container 332,649 419,248 373,938 434,172 478,657 558,325 Bulk Carrier & Car Carrier 254,442 305,522 323,664 364,860 438,720 462,329 Energy Transport

Kawasaki Kisen Kaisha — FY2015 Earnings Presentation on 6ix