Yang Ming Marine Transport Corp. · TWSE:2609
Yang Ming Marine Transport — 2023 Investor Conference
23 slides from Yang Ming Marine Transport's conference presentation, Jun 7, 2023
Slide 1: Yang Ming Marine Transport Corp. 2023 Investor Conference
Yang Ming Marine Transport Corp. 2023 Investor Conference 2023.06.07 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 2.8% this year, slightly cut of 0.1 percentage point than the fund’s estimates published in January. World Economic Outlook Projections % 2022 2023(F) 2024(F) 8.0 7.0 6.8 6.3 5.9 6.0 5.5 5.2 5.0 4.5 4.6 4.5 4.0 3.5 3.4 3.0 3.0 2.9 3.0 2.8 2.1 2.0 1.6 1.5
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% 4.7% (3.5%) 6.3% Demand 0.5% 1.0% (1.2%) 3.1% Supply 4.1% 8.3% (8.2%) 8.9% Demand 0.1% 1.4% (1.4%) 2.2% Supply 4.0% 6.9% (6.7%) 5.8% Demand -5.1% -2.1%(-
Slide 7: Marine Fuel Oil Price Outlook
Marine Fuel Oil Price Outlook Singapore market price • The US and Europe banking crisis, the downward demands in Europe and US markets, worries about China's economic outlook after lifting epidemic control and Fed tightened monetary policy. Recently above factors may curb oil demand and put pressure
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, South Asia ★NCP、MED、TA、IEU Data interval:202301~202303 9
Slide 10: Lifting Volume Analysis
Lifting Volume Analysis- Lifting Volume in Year 202301~03 decreased by 5% YOY FY2023Q1：1.04 million TEU FY2022Q1：1.09 million TEU 10
Slide 11: Capacity Ranking
Capacity Ranking As of May 2023, Yang Ming's fleet capacity is ranked 9th in the world. Source: Alphaliner, May 2023 11
Slide 12: Trade Capacity Breakdown by Alliance
Trade Capacity Breakdown by Alliance relatively balanced on trade capacity ◼ Three Major Alliances account ◼ As for East-West Market share for 84% of market share, (weekly capacity), THE alliance very identical to Q1-2023. increased market share to 28% in ◼ 2M+ZIM and OA remain Top Eur-N.AM while sl
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 Container Shipping Wharf 3.35% 2.92% 93.56% 0.17% 14
Slide 15: Consolidated Income Statement
Consolidated Income Statement Unit：NT$ Million Items FY2023Q1 Operating Revenue 36,953 Gross Profit 3,417 Operating Income(Loss) 1,470 Net Income(Loss) 3,462 Profit(Loss),attribute to owners of the parent 3,401 EPS 0.97 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:2021Q1~2023Q1 16
Slide 17: Fuel price and Average FRT
Fuel price and Average FRT Unit： Unit： USD/TON USD/TEU 850 3,500 818 811 3,129 800 3,034 770 2,927 749 3,000 2,854 2,875 750 2,607 698 693 691 700 2,500 664 652 652 2,129 650 624 602 2,000 600 1,591 550 1,500 1,312 1,088 500 1,024 1,000 908 450 400 500 Fuel Price(TON) AVG FRT(TEU) 17
Slide 18: Structure of Shareholders
Structure of Shareholders The latest closing date was Mar 28,2023
Slide 19: Operational Future Prospects
Operational Future Prospects 20
Slide 20: Service Rationalization-Strategies
Service Rationalization-Strategies • Invest in greener and more energy-efficient ships to replace East-West existing vessels and enhance cost advantage. • Extend Far East-Europe trade coverage by adding Tianjin-Xingang and Network Wilhelmshaven. • Improve on-time performance by rationalizing U.S. Ea
Slide 21: Yang Ming's Fleet Capacity and New Delivery
Yang Ming’s Fleet Capacity and New Delivery • Up to June 2023, there are 94 vessels in Yang Ming’s fleet, and total capacity is around 715,000 TEUs • 19 Fleets are scheduled to conduct maintenance in Y2023 for ship-energy saving. • 12 fleets are planned to install scrubber in Y2023 for bunker cost s
Slide 22: Future Prospects
Future Prospects The recovery of global economy and demand is still dragging by uncertainty caused by war in Ukraine, hiking inflation and interest rate. In addition, the 2023H2: continuous deployment of new building vessels is widening the gap between supply and demand. The container shipping indus
Slide 23: Q&A
Q&A 24
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