Supplementary Report. -3rd Quarter of F February 2007 Kawasaki Kisen Kaisha, Ltd.

Transcription

1 Supplementary Report -3rd Quarter of F26 - February 27 Kawasaki Kisen Kaisha, Ltd.

2 1. Shipping Markets 2. Financial Data 3. Historical Data - For 5 years -

3 Supplemental Information-1 - Shipping Markets -

4 1-1. K Line Container Loading Volume (financial year base) Loading Volume 5F Results 6F Results (Unit:1,TEU) 1H 3Q YTD 1H 3Q YTD Asia/N.America E/Bound W/Bound Asia/Europe W/Bound E/Bound Load Factor(%) 5F Results 6F Results 1H 3Q YTD 1H 3Q YTD Asia/N.America E/Bound 9.9% 86.3% 89.4% 92.4% 84.7% 89.7% W/Bound 49.4% 55.5% 51.4% 47.4% 43.1% 45.8% 74.9% 74.4% 74.7% 74.4% 67.5% 71.9% Asia/Europe W/Bound 11.9% 92.5% 98.5% 93.5% 89.9% 92.2% E/Bound 79.7% 77.9% 79.1% 74.% 66.8% 71.5% 92.7% 86.5% 9.4% 85.5% 8.5% 83.8% 4

5 1-2. Line/Alliance wise Vessel/Capacity Comparison Top 2 Container Carriers ranked by operating capacity as of January 27 Rank Operator TOTAL TEU 1 Maersk 1,749,294 2 MSC 1,57,699 3 CMA CGM 698,598 4 EMC 551,452 5 HAPAG 458,78 6 CSCL 398,81 7 COSCO 389,135 8 HANJIN 348,235 9 APL 344,147 1 NYK 333, OOCL 294,52 12 MOL 283, K Line 27, YML 254, CSAV 25, Zim 244,46 17 Hamburg-Süd 24, HMM 16,49 19 PIL 145,56 2 WHL 115,9 Rank Alliance TEU 1 Maersk 1,749,294 2 CKYH 1,261,874 3 GA 1,144,497 4 MSC 1,57,699 5 TNWA 787,47 6 CMA 698,598 7 EMC 551,452 8 CSCL 398,81 9 CSAV 25,713 Source : AXSliner ( Maersk MSC CMA CGM EMC HAPAG CSCL COSCO HANJIN APL NYK OOCL MOL K Line YML CSAV Zim Hamburg-Süd HMM PIL WHL ,2 1,5 1,8 1,(TEU) 5

6 1-3. K Line Container Volume & Share (Asia to North America 1-6) 4, TEU TPS EB KL Results (calender year base) Share 7.% 35, 3, 25, 2, 15, 1, 5, 6.% 5.% 4.% 3.% 2.% 1.% 21 1H 21 2H 22 1H 22 2H 23 1H 23 2H 24 1H 24 2H 25 1H 25 2H 26 1H 26 2H KL Volume Share 4.8% 4.8% 4.9% 4.7% 5.1% 4.8% 4.6% 4.6% 4.8% 4.7% 4.8% 4.7%.% KL Volume Share 6

7 1-4. K Line Container Volume & Share (North America to Asia 1-6) TEU 16, 14, 12, 1, 8, 6, 4, 2, TPS WB KL Results (calender year base) 21 1H 21 2H 22 1H 22 2H 23 1H 23 2H 24 1H 24 2H 25 1H 25 2H 26 1H 26 2H Share 7.% 6.% 5.% 4.% 3.% 2.% 1.%.% KL Volume Share 6.% 6.3% 5.5% 6.% 5.6% 5.3% 4.9% 5.1% 4.8% 4.9% 5.1% 4.7% KL Volume Share 7

8 1-5. K Line Container Volume& Share (Asia (ex. India) to Europe 1-6) AES WB KL Results (calender year base) TEU 25, Share 6.% 2, 15, 1, 5, 5.% 4.% 3.% 2.% 1.% 21 1H 21 2H 22 1H 22 2H 23 1H 23 2H 24 1H 24 2H 25 1H 25 2H 26 1H 26 2H KL Volume Share 3.7% 3.7% 3.5% 5.% 4.5% 4.8% 4.4% 4.5% 4.2% 4.% 4.1% 3.9%.% KL Volume Share 8

9 1-6. K Line Container Volume &Share (Europe to Asia (ex. India) 1-6)) TEU 14, AES EB KL Results (calender year base) Share 6.% 12, 1, 8, 6, 4, 2, 5.% 4.% 3.% 2.% 1.% 21 1H 21 2H 22 1H 22 2H 23 1H 23 2H 24 1H 24 2H 25 1H 25 2H 26 1H 26 2H KL Volume Share 4.7% 5.3% 4.6% 5.4% 5.1% 5.6% 4.8% 5.% 4.6% 4.8% 5.% 4.6%.% KL Volume Share 9

10 1-7. Trend of Average Container Freight (Asia-North America Trade) (Data: CONTAINERIZATION INTERNATIONAL) US$/TEU 2,4 E. Bound W. Bound 2,2 2, 1,8 1,6 1,4 1,2 1, st rd 3-4th 3-1st rd -4th -1st rd 97-4th 97-1st 95-3rd 94-4th 94-1st (calender year base) 1

11 1-8. Trend of Average Container Freight (Asia-Europe Trade) (Data: CONTAINARIZATION INTERNATIONAL) 11 US$/TEU W. Bound E. Bound 1,9 1,7 1,5 1,3 1, st 5-2nd 4-3rd 3-4th 3-1st 2-2nd 1-3rd -4th -1st 99-2nd 98-3rd 97-4th 97-1st 96-2nd 95-3rd 94-4th 94-1st (calender year base)

12 1-9. Trend of Average Container Freight/Volume ( K Line All Trades) (F-6F 3Q) Volume(1,TEU) 1, ,132 1,73 1,55 1,25 1,178 1,175 1,243 1,27 1,175 1,122 1,18 1,173 1,144 1,73 1,139 1,146 1,37 1,44 1, , Freight/TEU($) 1,4 1,2 1, F 3Q 6F 2Q 6F 1Q 5F 4Q 5F 3Q 5F 2Q 5F 1Q 4F 4Q 4F 3Q 4F 2Q 4F 1Q 3F 4Q 3F 3Q 3F 2Q 3F 1Q 2F 4Q 2F 3Q 2F 2Q 2F 1Q 1F 4Q 1F 3Q 1F 2Q 1F 1Q F 4Q F 3Q F 2Q F 1Q Volume Freight 12

13 1-1. World Seaborne Trade (Figures in trillion) World Seaborne Trade (ton-mile) Other Cargoes (est.) Grain Coal Iron Ore Oil Products Crude Oil Source: Fernleys "Review" est. est est (calender year base) 13

14 1-11. Bulker Market 8 ($/KT) PANAMAX US GULF/JAPAN GRAIN Y Y 5Y 16 8 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 14

15 1-12. Tanker Market (WS) 35 3 TANKER MARKET (VLCC ARABIAN GULF/JAPAN) 4Y Y Y JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 15

16 1-13. Transition of Cars/Trucks Transported by K Line PCTC Fleet (ten thousand units) (financial year base) F1Q 4F2Q 4F3Q 4F4Q 5F1Q 5F2Q 5F3Q 5F4Q 6F1Q 6F2Q 6F3Q Japan FE/North America Japan FE/Europe Japan FE/The Other Area Trade not From/To Japan FE Trade bound for Japan FE 16

17 1-14. K Line Vessel Fleet Composition (Vessels) Total 47Vessels Coastal/Ferry/Other 45 Energy Resource 49 PCTC 93 Bulk Carrier 143 Total 44 Vessels Coastal/Ferry/Other 51 Energy Resource 53 PCTC 99 Bulk Carrier Container 77 Container 88 March 26 December 26 17

18 1-15. K Line Container Vessel Fleet Composition 18

19 1-16. K Line BulkCarrier Fleet Composition (Vessels) Total 143Vessels Chip + Pulp 14 Small Handy 11 Handy max 17 Panamax 33 Over Panamax 12 Total49Vessels Chip + Pulp 14 Small Handy 11 Handy max 19 Panamax 31 Over Panamax Cape 56 Cape 6 March 26 December 26 19

20 1-17. K Line PCTC Vessel Fleet Composition 2

21 1-18. K Line Energy Transport Fleet Composition (Vessels) Total 49 Vessels LPG Carrier 3 Tanker/CLEAN 2 Tanker/DIRTY 1 Tanker/VLCC 4 Total 53 Vessels LPG Carrier 3 Tanker/CLEAN 4 Tanker/DIRTY 1 Tanker/VLCC LNG Carrier 3 LNG Carrier 31 March 26 December 26 21

22 Supplemental Information-2 - Financial Data -

23 2-1. Breakdown on Non-Operating, Extra-Ordinary Items (26F 3Q) 1. Non-Operating Income/Loss (Unit : billion yen) 1H 3Q YTD 1H 3Q YTD Consolidated Total Non-Consolidated Total Financial Gain/Loss Financial Gain/Loss Exchange Gain/Loss Exchange Gain/Loss Others Others Extra-Ordinary Income/Loss 1H 3Q YTD 1H 3Q YTD Consolidated Total Non-Consolidated Total Sales and disposal of fixed assets Sales and disposal of fixed assets.2..2 Impairment losses on fixed assets..2.2 Impairment losses on fixed assets... Sales of securities Sales of securities Others Others

24 2-2. Transition of Operating Revenues (Unit:billion yen) 11 Cons Consolidated Total Non- Consolidated Total Non Cons. 727 Non Cons. 2F 3F 4F 5F 6F 828 Non Cons. 941 Non ,8 Container Bulk Carrier/Car Carrier Energy Transportation Others Consolidated Total 24

25 Supplemental Information-3 Historical Data - For 5 years -

26 3-1. Consolidated Revenues & Incomes (Unit: billion yen) 1, F 2F 3F 4F 5F (Unit: billion yen) 14 Operating Revenues Operating Income Ordinary Income Net Income * Ordinary income is income before income taxes and extra-ordinary items. 26

27 3-2. Consolidated Debt Equity Ratio (Unit: billion yen) F 2F 3F 4F 5F (%) Shareholder's Equity Total Assets Debt Equity Ratio (Market price base) 27

28 3-3. Consolidated ROE/ROA (unit: billion yen) F 2F 3F 4F 5F Net Income ROE ROA 5% 4% 3% 2% 1% % 28

29 3-4. Consolidated EV/EBITDA (unit: billion yen) F 2F 3F 4F 5F EBITDA EV/EBITDA 29

30 3-5. Consolidated Assets Turnover (unit: billion yen) 1, F 2F 3F 4F 5F Operating Revenues Assets Turnover 3

31 3-6. Consolidated Ordinary Income* on Revenues/Ordinary Income on Total Assets (unit: billion yen) % 15.% 1.% 5.% 1F 2F 3F 4F 5F.% Ordinary Income Revenues on Ordinary Income* Ordinary Income* on Total Assets 31

32 3-7. Consolidated Interest Coverage Ratio (unit: billion yen) F 2F 3F 4F 5F Operating Income Interest Coverage Ratio 32

33 3-8. Consolidated Net Income/Operating Cash Flow (unit: billion yen) (unit: billion yen) F 2F 3F 4F 5F Operating Cash Flow Consolidated Net Income 33

34 3-9. Consolidated Segment Information (unit: million yen) 1F 2F 3F 4F 5F Operating Revenues Marine Transportation 481,2 53, , ,961 86,646 Freight Forwarding/ Harbor Transportation 75,757 88,773 89,885 11,71 114,98 Others 14,55 13,722 12,662 12,773 2,73 Total 571,12 632, , ,444 94,818 Operating Income Marine Transportation 13,148 22,383 61,267 97,88 74,426 Freight Forwarding/ Harbor Transportation 4,536 4,8 8,62 8,865 11,65 Others 1,274 2,87 1,269 1,83 1,56 Total 18,958 29,27 7,598 17,756 87,583 Eliminations Consolidated 19,47 29,28 7,533 18,54 87,976 34

35 3-1. Non-Consolidated Financial Data (unit: million yen) 1F 2F 3F 4F 5F Operating Revenues 449, , , , ,554 Container 23, , , ,321 49,216 Bulk & Carrier 171, ,112 22, ,182 28,22 Energy Transportation 44,363 46,45 45,231 47,87 5,87 Other Shipping Business 1,8 1,396 1,291 1,372 1,291 Other Business ,2 Operating Income 8,299 19,843 55,68 85,288 56,678 Ordinary Income* 7,115 16,434 49,67 86,873 57,849 Net Income 2,786 6,535 24,452 49,12 38,82 Total Assets 259,2 269,14 329, , ,541 Total Liabilities 194,792 23, , , ,575 Shareholder's Equity 64,48 65,872 96, ,19 188,965 Dividend per Share Dividend ratio * Ordinary income is income before income taxes and extra-ordinary items. 35