Mitsui O.s.k.lines,ltd. · TSE:9104
Mitsui O.s.k.lines,ltd — Q3 2023 Earnings Presentation
19 slides from Mitsui O.s.k.lines,ltd's earnings presentation, Jan 31, 2024
Slide 1: Business Performance in FY2023-3rd Quarter
Business Performance in FY2023-3rd Quarter 2024/1/31 Mitsui O.S.K. Lines, Ltd.
Slide 2: Contents
1. FY2023-3rd Quarter Results [Consolidated] P3-4 2. Outline of FY2023-3rd Quarter Results [Consolidated] P5-6 3. FY2023 Full-year Forecast [Consolidated] P7-8 4. FY2023 Full-year Forecast Analysis [By segment] in ordinary profit/loss P9 5. Key Points of FY2023 Full-year Forecast [Consolidated] P10-
Slide 3: FY2023-3rd Quarter Results [Consolidated]
1 FY2023-3rd Quarter Results [Consolidated] FY2023 FY2022 Result Result YoY (￥billion) Q1 Q2 Q3 Apr.-Dec. Q1 Q2 Q3 Apr.-Dec. Revenue 385.1 404.9 428.5 1,218.6 374.7 446.5 436.6 1,257.9 -39.3 Operating profit/loss 24.4 24.8 30.8 80.1 23.5 32.4 40.1 96.2 -16.1 Business profit/loss (*1) 58.1 47.2 39.2
Slide 4: FY2023-3rd Quarter Results [By segment]
1 FY2023-3rd Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss FY2023 FY2022 Result Result(*6) YoY (￥billion) Q1 Q2 Q3 Apr.-Dec. Q1 Q2 Q3 Apr.-Dec. 95.4 94.4 107.3 297.1 105.2 130.2 108.9 344.4 -47.3 Dry Bulk Business (excluding; Steaming Coal Carriers) 26.3 5.8 4.9 37.1 18.
Slide 5: Outline of FY2023-3rd Quarter Results (I) [Consolidated]
2 Outline of FY2023-3rd Quarter Results(I) [Consolidated] [Overall] Revenue: A decrease of 39.3 billion yen (year-on-year) / (Cumulative Q3, the same shall apply hereafter). Decrease in dry bulk business despite the increase in the energy business. Business profit / Ordinary profit / Net income:
Slide 6: Outline of FY2023-3rd Quarter Results (II) [Consolidated]
2 Outline of FY2023-3rd Quarter Results(II) [Consolidated] Liquefied Gas Transport and Offshore LNG Carriers: Secured the profit around the same level in line with the forecast with the generation of stable profit with the start of new contracts. FSRU: Improved profitability from the forecast
Slide 7: FY2023 Full-year Forecast [Consolidated]
3 FY2023 Full-year Forecast [Consolidated] *as of October 31, 2023 FY2023 1st Half 2nd Half Full-year Previous Variance (￥billion) Result Q3 Result Q4 Forecast Forecast Forecast Forecast* Revenue 790.1 428.5 396.3 824.8 1,615.0 1,590.0 +25.0 Operating profit/loss 49.3 30.8 12.8 43.7 93.0 90.0 +3.0 B
Slide 8: FY2023 Full-year Forecast [By segment]
3 FY2023 Full-year Forecast [By segment] Upper Revenue(*1) Lower Ordinary profit/loss Upper Revenue(*6) *as of October 31, 2023 Lower Ordinary profit/loss FY2023 1st Half 2nd Half Full-year Previous Variance 1st Half 2nd Half Full-year (￥billion) Result Q3 Result Q4 Forecast Forecast Forecast Foreca
Slide 9: FY2023 Full-year Forecast Analysis [By segment] in ordinary profit/loss
4 FY2023 Full-year Forecast Analysis [By segment] in ordinary profit/loss ＊as of October 31,2023 9
Slide 10: Key Points of FY2023 Full-year Forecast (I) [Consolidated]
5 Key Points of FY2023 Full-year Forecast (I) [Consolidated] [Overall] Business profit / Ordinary profit / Net income: Difference from the previous announcement on October 31st +¥2.0 billion/+¥5.0 billion/+¥15.0 billion. Key points:: Upward revision to energy, product transport businesses includ
Slide 11: Key Points of FY2023 Full-year Forecast (II) [Consolidated]
5 Key Points of FY2023 Full-year Forecast (II) [Consolidated] Liquefied Gas Transport and Offshore LNG carriers: With the acquisition of new contracts, continue to maintain a stable profit. Revising upward with the improvement in profit for each project. FSRUs: Securing stable income through t
Slide 12: (Reference) Progress of BLUE ACTION 2035 Initiatives
6 (Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions ・Mitsui O.S.K. Lines Enters Strategic Investment Agreement with Delfin (2023-6-9) ・Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy (2023-6-15) ・MOL Cruises Announces its new c
Slide 13: (Reference) BLUE ACTION 2035 Core KPI FY2023 Forecast
7 (Reference) BLUE ACTION 2035 Core KPI FY2023 Forecast FY2022 FY2023 Forecast Phase 1 Phase 2 Phase 3 (Updated on 31st KPI Results January 2024) FY2025 FY2030 FY2035 Profit before tax (unit: JPY) 819 bil 270 bil 240 bil 340 bil 400 bil Financial KPI Net Gearing Ratio*1 1.01 0.93 0.9~1.0 ROE 49.8% 1
Slide 14: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2022 (Result) (US$/day) FY2022 Size 1st Half 2nd Half Full-year Market for vessels operated by Apr-Sep, 2022 Oct, 2022 - Mar, 2023 Average MOL and MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 21,600 13,700 17,700 15,000 9,100 12,100
Slide 15: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] １．FY2022 (Result) (US$/day) Vessel Type Trade FY2022 1st Half 2nd Half Full-year Market for vessels operated by overseas Jan-Jun, 2022 Jul-Dec, 2022 Average subsidiaries of MOL Jan-Mar Apr-Jun Jul-Sep Oct-Dec Crude Oil Tanker (VLCC) Arabian Gulf - Far Eas
Slide 16: Containerized Freight Index (CCFI) [Supplement #3]
Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2022 (Result) (Jan 1, 1998=1,000) FY2022 1st Half 2nd Half Full-year Trade Apr-Sep, 2022 Oct, 2022 - Mar, 2023 Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 2,502 2,331 2,416 1,079 781 930 1,673 U.S. East Coast 2,796 2,844 2,820 1,74
Slide 17: Car Carrier Loading Volume [Supplement #4]
Car Carrier Loading Volume [Supplement #4] 1. FY2022 (Result) (1,000 units) FY2022 (Percentage of voyage completion basis / 1st Half 1st Half 2nd Half 2nd Half Total including voyage charter) Q1 Q2 Q3 Q4 Total (Includes Intra-European trade) 744 777 1,521 796 802 1,597 3,118 2. FY2023 (Result & Fore
Slide 18: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] Number of ships 31-Mar, 2023 31-Dec, 2023 31-Mar, 2024 (Forecast) 80 79 83 Number of buildings and area owned by DAIBIRU Capesize Panamax 31 39 35 Small and Handymax 49 49 57 medium-sized Handysize 35 34 43 bulkers Dry Bulk Business (Sub total) 1
Slide 19: Mitsui O.S.K. Lines
MitsuiO.S.K.Lines