Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q3 FY2005 Earnings Presentation
12 slides from Kawasaki Kisen Kaisha's earnings presentation, Feb 10, 2005
Slide 1: Financial Highlights: Brief Report for 3rd Quarter FY2005
Financial Highlights Brief Report for 3rd Quarter FY2005 10 February 2005 Kawasaki Kisen Kaisha, Ltd. 1
Slide 2: Financial Highlights for 3Q 2005F
1. Financial Highlights for 3Q 2005F (unit:billion yen) 05F 1H 05F 3Q 05F 04F Comparison 05F 3Q Comparison (Result) (Result) (1Q-3Q) (1Q-3Q) (Ratio) (Prospect) (Ratio) (a) (b) (a)+(b) (c) (a+b)/(c) as of 11 Nov’05 Operating Consoli 454.8 234.3 689.0 622.0 +67.0(10%) 690.8 -18 (0.3%) Revenues Non 362
Slide 3: Key Points for 3Q 2005FY
2. Key Points for 3Q 2005FY Ordinary Income*: 3Q’05F Prospect** 68.1, 3Q’04F Result 85.8 >>> 3Q’05F Result 69.5 billion yen Comparison with Comparison with (unit: billion yen) 3Q’ 05F prospect 3Q ‘04F result (YoY) Fluctuation in Exchange Rate 1.8 2.7 Bunker Oil Price -0.2 -17.6 Market Volatility -1.
Slide 4: Division-wise Results 3Q 2005F (Container Business)
3. Outline of Division-wise Results 3Q 2005F (for Container Business) Operating revenues : 337.2, Ordinary Income : 28.3 billion yen (YoY comparison : Operating revenues & profits increased) z Business expansion Enhancement in Asia/U.S. Pacific North West and Asia/U.S. East Coast service contributes
Slide 5: Division-wise Results 3Q 2005F (Bulker Service)
4. Outline of Division-wise Results 3Q 2005F (for Bulker Service) z Business expansion with delivery of new ships (Operating Tonnage : 115.7 mil. Ton, +4.6% (YoY) z Slump with market downturn. Bulker Market 2004F 2005F (Pacific Ocean) 1Q-3Q 1Q-3Q 3Q 2H** Average Average Prospects 170 Type $63,611 $3
Slide 6: Division-wise Results 3Q 2005F (Car Carrier Service)
5. Outline of Division-wise Results 3Q 2005F (for Car Carrier Service) z Increased volume : Off-shore trades (Trans-Atlantic, Thailand/ Australia trade etc.) z Negative factors : Bunker oil price hike, Charterage increase Vessel related cost increase (thousand units) 04F 1Q-3Q 05F 1Q-3Q Units carrie
Slide 7: Division-wise Results 3Q 2005F (Energy Transportation)
6. Outline of Division-wise Results 3Q 2005F (for Energy Transportation) Energy Transportation : Remain unchanged (YoY) LNG Carrier : Stable progress in each project Three new ships for Ras Gas II completion in May, October and November >>> Total 29 vessels in our fleet by this 3Q Thermal Coal Carri
Slide 8: Prospects for FY2005
7. Prospects for FY2005 (unit:billion yen) 05F 05F 1H 05F 2H 05F Comparison FY2004 Comparison Revised Results Prospects Prospects** (Ratio) Results (Ratio) Prospects O p e r a t i n g Consoli 454.8 470.2 925.0 925.0 - 828.4 11.7% R e v e n u e s Non 362.9 372.1 735.0 735.0 - 658.7 11.6% O p e r a t
Slide 9: Key Points for FY2005 prospects
8. Key Points for FY2005 prospects Ordinary Income*:2005F prospect** 91.0, 2004F result 107.2 >>>91.0 billion yen (unit: billion yen) Comparison with Comparison with 2005F prospect** 2004F result Fluctuation in Exchange Rate 3.6 6.6 Bunker Oil Price -0.8 -24.6 Market Volatility -3.8 -8.8 Business Ex
Slide 10: Key Points for Division-wise prospects
9. Key Points for Division-wise prospects (Container) Cargo volume : Aside from seasonal factors, such as the Chinese New Year, steady on each trade Supply-demand balance : Tight situation overall, loosens on some trades Cost Curtailing : Reducing fuel consumption by navigation slowdown Service refo
Slide 11: Major Financial Indices
10. Major Financial Indices (unit:billion yen) FY2004 1H F2005 FY2005 Key Points : Results Results Prospects Cash Flows from * CF from Operating Activities : 89.4 32.5 72.0 Operating Activities declining due to profit reduction (24.6) (13.4) (25.4) ( D e p r e c i a t i o n ) Cash Flows from * CF fr
Slide 12: Cost Curtailing Campaign
11. Cost Curtailing Campaign Target for FY2005 : 5.4 Billion Yen (unit:billion yen) Cost saving items 1H 2H 05F Revised Vessel cost reduction 0.2 0.4 0.6 Various cargo charges reduction 1.3 1.6 2.9 Service rationalization 0.1 0.1 0.2 Subsidiary company's various cost reduction 0.1 0.4 0.5 Administra
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