Horiba, Ltd. · TSE:6856

Horiba — Q3 2021 Earnings Presentation

31 slides from Horiba's earnings presentation, Nov 18, 2021

  1. Slide 1: Financial Information

    Financial Information HORIBA, Ltd. November, 2021 © 2021 HORIBA, Ltd. All rights reserved. 1

  2. Slide 2: Contents

    Contents ◼ 2021 3Q (Jan.- Sep.) Results ◼ 2021 Forecast ◼ Topics – HORIBA’s Contribution for Social Issues ◼ Shareholder Return ➢ Financial Data ➢ Corporate Profile © 2021 HORIBA, Ltd. All rights reserved. 2

  3. Slide 3: Contents

    Contents ◼ 2021 3Q (Jan.- Sep.) Results ◼ 2021 Forecast ◼ Topics – HORIBA’s Contribution for Social Issues ◼ Shareholder Return ➢ Financial Data ➢ Corporate Profile © 2021 HORIBA, Ltd. All rights reserved. 3

  4. Slide 4: 2021 3Q (Jan.-Sep.) Results

    2021 3Q (Jan.-Sep.) Results （Billions of yen） Increased in sales and profits mainly due to an increase in sales of the Semiconductor segment 2020 2021 vs 2020 9 Months 9 Months Results Results Changes % : Record-high (Jan.-Sep.) (Jan.-Sep.) Sales 129.7 153.9 +24.1 +19% Operating Profit 10.9 19.8 +8.

  5. Slide 5: 2021 3Q (Jan.-Sep.) Results by Segment

    2021 3Q (Jan.-Sep.) Results by Segment （Billions of yen） Sales Operating profit 2020 2021 vs 2020 2020 2021 vs 2020 9 Months 9 Months 9 Months 9 Months Results Results Changes % Results Results Changes % : Record-high (Jan.-Sep.) (Jan.-Sep.) (Jan.-Sep.) (Jan.-Sep.) Auto 41.6 37.3 -4.3 -10.4% -0.0 -1

  6. Slide 6: Contents

    Contents ◼ 2021 3Q (Jan.- Sep.) Results ◼ 2021 Forecast ◼ Topics – HORIBA’s Contribution for Social Issues ◼ Shareholder Return ➢ Financial Data ➢ Corporate Profile © 2021 HORIBA, Ltd. All rights reserved. 6

  7. Slide 7: 2021 Forecasts

    2021 Forecasts （Billions of yen） Earning forecasts for FY2021 remain unchanged considering impacts from difficulties of material procurement 2020 2021 Changes Previous Forecasts vs Previous Results Forecasts vs 2020 (as of Nov.11) Forecasts : Record-high (as of Aug.10) Sales 187.0 220.0 220.0 +32.9

  8. Slide 8: 2021 Forecasts by Segment

    2021 Forecasts by Segment （Billions of yen） Sales Operating 2020 2021 Changes 2020 2021 Changes Previous Previous Forecasts vs Previous Forecasts vs Previous Results Forecasts vs 2020 Results Forecasts vs 2020 (as of Nov.11) Forecasts (as of Nov.11) Forecasts :Record-high (as of Aug.10) (as of Aug.1

  9. Slide 9: Contents

    Contents ◼ 2021 3Q (Jan.- Sep.) Results ◼ 2021 Forecast ◼ Topics – HORIBA’s Contribution for Social Issues ◼ Shareholder Return ➢ Financial Data ➢ Corporate Profile © 2021 HORIBA, Ltd. All rights reserved. 9

  10. Slide 10: HORIBA's Contribution to Social Issues

    HORIBA’s Contribution to Social Issues Cross-segmentation in Response to Various Social Issues 1. Market Oriented Business Energy & Environment Bio & Healthcare Materials & Semiconductor Three Fields To develop analysis and measurement solutions, utilizing HORIBA’s core technologies, in the leading

  11. Slide 11: Business Expansion in the Energy Field

    Business Expansion in the Energy Field Acquisition of BeXema, a manufacturer of power supplies in Germany ✓ BeXema supplies power and electronic load devices used in BeXema has supplied test equipment for fuel cells and battery testing equipment power supplies to HORIBA FuelCon for some time. ✓ HORI

  12. Slide 12: Leading the Way to a Sustainable Energy Society

    Leading the Way to a Sustainable Energy Society Aiming to develop new technologies and create business in the energy field Launch of HORIBA Institute for Mobility and Connectivity2 Contribution to a hydrogen energy society ✓ A research institute Demand growth for hydrogen generators using water elec

  13. Slide 13: Opened a Special Website for Hydrogen Energy

    Opened a Special Website for Hydrogen Energy Introducing the energy market trend from HORIBA's point of view and analytical and measurement solutions to achieve carbon neutrality ✓ Provide analytical and measurement solutions to generate, store, and utilize energy intelligently • Material evaluation

  14. Slide 14: Contributing to Higher Efficiency of Vehicle Testing

    Contributing to Higher Efficiency of Vehicle Testing Providing total measurement solutions for vehicle development Launch of VULCAN EVO Full-scale development of STARS SOAK + ✓ Sales launch of "VULCAN EVO" chassis ✓ Measures vehicle conditions and the soak room dynamometer in Japan temperature befor

  15. Slide 15: Development of New Technology "IRLAM"

    Development of New Technology “IRLAM” Providing new value with the cutting-edge core technology IRLAM: Infrared Laser Absorption Modulation In-house developed laser ✓ The world’s first*1 gas concentration calculation algorithm inspired by the concept of data science ✓ By downsizing and lengthening t

  16. Slide 16: High value-added solutions for semiconductor manufacturing processes

    High value-added solutions for semiconductor manufacturing processes Various applications that contribute to semiconductor manufacturing Particle detection systems New dissolved oxygen meter Optical Smart Sensing - Metrology HD-960LR Semicon. manufacturing HORIBA’s response Highly accurate continuou

  17. Slide 17: Business Expansion in the Life Science Field

    Business Expansion in the Life Science Field Expanding applications - from R&D to manufacturing processes Cooperation with SHIMADZU: LC-Raman System Rapid Microorganism Detection System Rapica "Visible" technology "Separate" technology to distinguish to extract Control / analysis / differences in me

  18. Slide 18: Participation in the HAYABUSA2 Sample Analysis Project

    Participation in the HAYABUSA2 Sample Analysis Project HORIBA's core technology for the future （Illustrated by Akihiro Ikeshita） ✓ Implemented non-destructive, non-contact analysis of elements contained in samples of Analytical Solution Plaza has been asteroid Ryugu established to broaden service bu

  19. Slide 19: 2021 Masao Horiba Awards

    2021 Masao Horiba Awards (Award ceremony held on Oct. 19, 2021) 2021） Masao Horiba Awards Support young researchers and engineers worldwide and contribute to accelerating innovation Established in 2003 from the thought of the founder, Dr. Masao Horiba; "I would like to encourage researchers who are

  20. Slide 20: Contents

    Contents ◼ 2021 3Q (Jan.- Sep.) Results ◼ 2021 Forecast ◼ Topics – HORIBA’s Contribution for Social Issues ◼ Shareholder Return ➢ Financial Data ➢ Corporate Profile © 2021 HORIBA, Ltd. All rights reserved. 20

  21. Slide 21: Shareholder Return

    Shareholder Return ➢ Dividend payment + Share buyback = 30% of Consolidated net profit to be targeted Basic Policy ➢ Remaining earnings are retained internally for strategic investment (i.e. facilities, M&A) Dividends per share and Share buybacks ⚫ 2019 Results: 130YEN [Interim 50yen / Year-end 80ye

  22. Slide 22: Contents

    Contents ◼ 2021 3Q (Jan.- Sep.) Results ◼ 2021 Forecast ◼ Topics – HORIBA’s Contribution for Social Issues ◼ Shareholder Return ➢ Financial Data ➢ Corporate Profile © 2021 HORIBA, Ltd. All rights reserved. 22

  23. Slide 23: Operating Profit Analysis (vs 2020 Jan. – Sep.)

    Operating Profit Analysis (vs 2020 Jan. – Sep.) (Billions of Yen) 2020 2021 Jan. – Sep. Jan. – Sep. Increase Exchange Exchange Increase 10.96 Increase Sales Cost of Goods Sales Impact for Gross Profit Impact for Expenses Increase R&D Cost Other Expense 19.85 +20.28 -10.30 +1.74 -1.13 -0.09 -1.60 Inc

  24. Slide 24: Impact of Fluctuation in Foreign exchange

    Impact of Fluctuation in Foreign exchange (Billions of Yen) Exchange rate impact Exchange rate impact for 2021 Forecast for 2021 Jan. - Sep. 1 yen impact of Sales and O.P. (vs 2020 Jan. - Sep.) (Yen appreciation) Increase Sales +3.87 Operating Increase Cost of Goods Sales -2.12 Sales Profit Impact t

  25. Slide 25: Capital Investment, Depreciation, R&D

    Capital Investment, Depreciation, R&D (Billions of Yen) 2020 2021 2021 Previous Forecasts Actual Results Forecasts Diff. (as of Nov.11) Jan. - Sep. (as of Aug.10) Capex 15.1 16.5 16.5 - 8.7 Depreciation and 9.6 10.5 10.5 - 7.6 amortization R&D expenses 15.5 17.0 17.0 - 12.0 to net sales(%) 8.3% 7.7%

  26. Slide 26: Contents

    Contents ◼ 2021 3Q (Jan.- Sep.) Results ◼ 2021 Forecast ◼ Topics – HORIBA’s Contribution for Social Issues ◼ Shareholder Return ➢ Financial Data ➢ Corporate Profile © 2021 HORIBA, Ltd. All rights reserved. 26

  27. Slide 27: Five Business Segments & Major Products

    Five Business Segments & Major Products Figures are the sales composition ratio for FY 2020​ Process & Medical Automotive Semiconductor Scientific Environmental Diagnostics （34%） （31%） （14%） （10%） （11%） Emission Measurement Automatic Blood Cell Stack Gas Analyzers Mass Flow Controllers Raman Imaging

  28. Slide 28: Global Network

    Global Network Sales by region (as of Dec 2020) ● : Major business hubs Americas Europe Asia Japan 15% 21% 33% 31% Employee headcount by region (as of Dec 2020) Americas Europe Asia Japan 11% 33% 18% 38% Number of companies （as of Dec 31, 2020) 49 Overseas sales ratio （as of Dec 2020) 69% Foreign em

  29. Slide 29: Achieving Sustainable Growth Through M&A

    Achieving Sustainable Growth Through M&A Major M&As 1996 1997 2005 2015 2018 ABX （France） Jobin Yvon SCHENCK DTS MIRA （UK） FuelCon 【Medical】 （France） （Germany） 【Automotive】 （Germany） 【Scientific】 【Automotive】 【Automotive】 Trends in consolidated sales 187.0 billion yen Six-fold growth in corporate sc

  30. Slide 30: HORIBA's Business Domain

    HORIBA’s Business Domain Space Planetary probe Development Auroral analysis Agriculture New Material IT Infrastructure Health and Security Plant factory Development Semiconductor device IoT, Cloud, 5G Soil analysis Secondary battery Solar panels Automation informatics Food safety Biomaterial Petroch

  31. Slide 31: © 2021 HORIBA, Ltd. All rights reserved.

    © 2021 HORIBA, Ltd. All rights reserved. 31

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