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FACT BOOK [I] (Mid-Term Management Plan Summary, Each

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FACT BOOK [I] (Mid-Term Management Plan Summary, Each (Mid-term Management Plan Summary, Each Segment Business Data) May 12, 2006 Partially revised on Nov. 9, 2006 http://www.nykline.co.jp/english/ir/ CONTENTS 1 Financial Highlights, Total Revenues by Industry Segment 2 Medium-Term NYK Group Management Plan, “New Horizon 2007” 5 Data by Type of Operation 5 Container Transport 8 Car Transport 9 Bulk Transport 11 Tankers 14 Logistics 16 Terminal and Harbor Transport Services 17 Cruise 18 Air Cargo 20 NYK Group Fleet 21 NYK Line Business Credo 22 Investor Information NYK judges the estimates and targets included herein to be rational at the time these materials were prepared. However, please be aware that actual performance could vary from the projections contained in this document. NYK FACT BOOK I 2006 Total revenues Operating income Performance Highlights (Millions of yen) (Millions of yen) 2,000,000 200,000 (Millions of yen) (Years ending March 31) 2004 2005 2006 1,500,000 150,000 Total revenues ¥1,398,320 ¥1,606,098 ¥1,929,302 1,000,000 100,000 Operating income 91,933 161,375 140,481 Income before extraordinary items 74,663 154,803 140,451 500,000 50,000 Net income 34,810 71,326 92,058 0 2004 2005 2006 0 2004 2005 2006 Income before extraordinary items Net income (Millions of yen) (Millions of yen) 200,000 100,000 Total Revenues by Industry Segment 150,000 75,000 (Millions of yen) 100,000 50,000 (Years ending March 31) 2004 2005 2006 Liner Trade ¥379,252 ¥ 457,044 ¥ 539,178 50,000 25,000 Other Shipping 500,612 571,790 677,736 (Shipping) 879,864 1,028,834 1,216,914 0 2004 2005 2006 0 2004 2005 2006 Logistics 294,976 357,197 426,431 Composition of Total Revenues Terminal and Harbor Transport 102,357 109,009 111,475 by Industry Segment, 2006 Other 11% Cruise 29,869 33,432 40,750 Real Estate 1% Liner Trade Real Estate 12,613 12,955 12,523 Cruise 26% 2% Shipping-Related Services 42,485 — — Terminal and Harbor Transport 5% Other 102,796 146,670 234,269 Logistics Other Shipping 21% 33% NYK FACT BOOK I 2006 1 Medium-Term NYK Group Management Plan, “New Horizon 2007” —Review— ● ● Performance Targets Balance of Growth and Financial Stability (As of November 9, 2006) (As of November 9, 2006) (Billions of yen) (Billions of yen) (Years ending March 31) 2006 2007 2008 (Years ending March 31) 2005 2006 2007 2008 Actual Plan Plan Actual Actual Estimate Plan Revenues 1,929.3 2,100.0 2,150.0 Interest-bearing debt at year-end 630.1 766.0 891.0 890.0 (Original) 1,640.0 1,750.0 1,800.0 (Original) 645.0 610.0 610.0 630.0 Income before extraordinary items 140.5 115.0 135.0 Total shareholders’ equity at (Original) 150.0 160.0 160.0 year-end 427.8 575.4 612.0 668.0 (Original) 408.0 480.0 557.0 633.0 Net income 92.1 68.0 80.0 (Original) 90.0 95.0 95.0 Shareholders’ equity ratio (%) 29% 31% 30% 32% (Original) 28% 32% 35% 38% DER (%) 147% 133% 146% 133% (Original) 158% 127% 110% 100% Prerequisites for forecasts Cash flows from operating activities 175.5 138.7 145.0 171.0 (Years ending March 31) 2006 2007 2008 (Original) 132.0 148.0 155.0 163.0 Exchange rates per US$1 ¥113.09/$ ¥110/$* ¥110/$ (Original) ¥100/$ ¥100/$ ¥100/$ Cash flows from Bunker oil prices per metric ton $283.08/MT $330/MT* $330/MT investing activities –135.1 –170.5 –233.0 –145.0 (Original) $200/MT $200/MT $200/MT (Original) –122.0 –113.0 –152.0 –186.0 * This is only for the second half of the year. NYK judges the estimates and targets included herein to be rational at the time these materials were prepared. However, please be aware that actual performance could vary from the projections contained in these documents. NYK FACT BOOK I 2006 2 Management Strategies Leverage our international network covering ocean, land, and air to Strategy 1 Expand Shipping Segment become the world’s leading global G Increase fleet, mainly in the field of bulk/energy logistics and megacarrier group resources transportation, in accordance with expansion of shipping volume G Stabilize profitability Strategy 2 Evolve into a Logistics Integrator G Provide high-quality logistics services to automobile-related Accelerate implementation of industries, electronics and other manufacturers, and retailers G strong growth strategies and Integrate all the services of containers, automobiles, logistics, and terminals to best meet the needs of our customers stabilize our corporate base G Increase supply chain efficiency for ocean, land, and air services G Improve our port infrastructure to ensure stable marine transport Strategy 3 Enhance Our Corporate Fundamentals G Promote environmental management and ensure safe operations G Develop and utilize human resources across global fields G Strengthen technology and in-service training with MTI as the core G Achieve management driven by information G Foster CSR management NYK FACT BOOK I 2006 3 ● ● Global Marine Transport Volume Forecasts Fleet Expansion Plan 2000 2005 2010 March 2005 April 2005–March 2008 April 2008–March 2011 (Forecast) (Forecast) (Years ending March 2008) (Years ending March 2011) 300 (Index forecast) Bulk carriers, VLCC, LNG, etc. 371 (110)**484 (127) 599 LNG 100 139 255 255 (Original) 400 (109) 480 (87) 560 250 246 Car carriers 98 (25) 110 (28) 135 Containers 100 158 246 (Original) 90 (22) 110 (17) 115 Liner etc. 177 (36) 193 (37) 198 Steaming coal 100 142 196 200 196 (Original) 170 (27) 190 (16) 205 170 Total 646 (171) 787 (192) 932 Iron ore 100 132 170 (Original) 660 (158) 780 (120) 880 150 137 * The numbers in parentheses are those of newly assigned ships for the (As of November 9, 2006) 136 Automobiles 100 120 137 period. But they don’t include chartered vessels less than 5 years. 132 ● 130 100 Coal for steel Investment Plan (including the leased and chartered) 2000=100 production 100 110 136 (Billions of yen) April 2005–March 2008 April 2008–March 2011 Grain 100 115 132 Original After review Original After review 50 Investment in fleet 750.0 820.0 630.0 1,090.0 Crude oil 100 115 130 The figures are based on the price on completion of vessels. 0 2000 2005 2010 Source: IE Grainorld Energy Outlook 2004 (Forecast) (Forecast) April 2005–March 2008 April 2008–March 2011 Original After review Original After review Nonfleet investment 183.0 305.0 190.0 326.0 (Details) Logistics 37.0 53.0 40.0 40.0 NCA 0.0 78.0 0.0 136.0 Others 146.0 174.0 150.0 150.0 (As of November 9, 2006) NYK FACT BOOK I 2006 4 Data by Type of Operation Container Transport G G Fleet Size of Top 20 Full Container Transport Operators Fleet Size of Major Alliances and Independent Carriers (Asia/North America, Asia/Europe, North America/Europe Service) (As of January 1, 2006) (As of January 1, 2006) 2006/1 Company or Alliance Vessels (TEU) Remarks Ranking Company Country Vessels (TEU) Maersk Line 148 734,974 Includes P&O Nedlloyd 1 Maersk Line Denmark Evergreen 76 338,200 Includes Lloyd Triestino, Safmarine South Africa 516 1,541,411 Hatsu Marine 2 MSC Switzerland 239 740,091 The Grand Alliance 111 579,995 NYK Line 3 Evergreen / Lloyd Triestino Taiwan/Italy Hatsu Marine United Kingdom 145 468,091 Orient Overseas Container Line Hapag Lloyd 4 CMA CGM France Australian National Line Australia 181 454,102 MISC (Asia/Europe service only) 5 Hapag Lloyd Germany 121 386,649 The New World Alliance 91 457,599 APL 6 Hanjin Shipping South Korea Mitsui O.S.K. Lines Senator Lines Germany 79 327,173 Hyundai Merchant Marine 7 COSCO (Group) China 118 311,294 CKYH (commonly called) 187 825,283 COSCO 8 China Shipping China 76 306,758 "K" LINE 9 NOL (APL) Singapore 89 297,121 Yang Ming Line Hanjin Shipping 10 NYK Line/TSK Line Japan 105 285,216 (Reference) 11 Mitsui O.S.K. Lines Japan 75 237,952 MSC 84 403,394 12 Orient Overseas Container Line China 61 232,697 CMA CGM 70 280,875 Includes Australian National Line 13 CSAV Chile 83 226,096 China Shipping 50 252,877 14 “K” LINE Japan 69 217,584 Notes: 15 Zim Integrated Shipping Israel 74 189,928 1. Slot arrangement from other alliance/independent carrier is excluded. 16 Yang Ming Line Taiwan 71 187,413 2. In February 2006, P&O Nedlloyd left the Grand Alliance and joined Maersk Line. Therefore, in this chart P&O Nedlloyd is included with Maersk Line rather than the Grand Alliance. 17 Hamburg Sud Germany 77 173,103 Source: Compiled by the NYK Research Group, based on the February 2006 edition of MDS Transmodal. 18 Hyundai Merchant Marine South Korea 40 150,289 19 Pacific International Lines Singapore 87 125,510 20 Wan Hai Lines Taiwan 63 108,347 Note: Maersk Line includes P&O Nedlloyd, CMA CGM includes Delmas, and Hapag Lloyd includes CP Ships. Source: Compiled by the NYK Research Group, based on the February 2006 edition of MDS Transmodal. NYK FACT BOOK I 2006 5 G Container Transport Volumes and Freight Rates Asia–USA Freight Rates per TEU on Asia–USA Routes (Thousands of TEUs) (US dollars) 4,000 2,400 3,000 1,800 2,000 1,200 1,000 600 0 ’03 ’04 ’05 ’06 ’07 0 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 Asia USA Figures from 4th quarter of 2005 are forecasts.
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