Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — Q3 FY2021 Earnings Presentation
18 slides from Mizuho Leasing's earnings presentation, Feb 8, 2022
Slide 1: Overview Third-Quarter Results for FY2021
Overview Third-Quarter Results for FY2021 February 8, 2022 Mizuho Leasing Co., Ltd.
Slide 2: Summary of Third-Quarter Results for FY2021
Summary of Third-Quarter Results for FY2021 Earning and loss of Aircastle declined, impacted by the sluggish business performance of the airline industry (-¥5.8 billion) An impairment was recognized for all of the amount equivalent to the goodwill of Aircastle in January 2022 following a review
Slide 3: Factors behind change in net income attributable to owners of the parent
Factors behind change in net income attributable to owners of the parent 2.7 ¥bn 14.9 (D) (E) (C) 1.9 0.5 -5.8 (F) 18.0 (A) (B) -0.5 -1.1 17.3 -0.8 -10.5 2.0 (G) -3.9 Ordinary income +¥1.2 billion Income from Income from Funding Credit Selling, Amount Other non- Earning and Impairment of Extraordina
Slide 4: Overview of Financial Results
Overview of Financial Results FY19 FY20 FY21 % (¥bn) Change 3Q 3Q 3Q Change Revenues 380.5 350.1 389.5 +39.4 +11% Gross profit before write- offs and funding costs 42.6 43.0 44.4 +1.4 +3% Funding costs declined due to foreign- Funding costs 7.3 6.1 5.6 -0.5 -7% currency factors Gross profit 35.2 36.
Slide 5: Business Performance Overview (1)
Business Performance Overview (1) Contract execution volume and operating assets remained flat y-o-y Contract execution volume was -5% y-o-y and improved from -14% in 2Q Thanks to the commitment to the accumulation of assets, prioritizing profit, future revenue* 1 and profit margin*2 for new p
Slide 6: Business Performance Overview (2)
Business Performance Overview (2) Compared to FY20, although the contract execution volume declined 18% in FY21 1Q and 10% in FY21 2Q y-o-y, contract execution prospects gradually advanced in the sales pipeline in 3Q, and as a result, the contract execution volume increased 14% y-o-y Contract exec
Slide 7: Contract Execution Volume / Leasing and Installment Sales
Contract Execution Volume / Leasing and Installment Sales Contract execution volume by equipment type Although the movement of contract execution volume in FY21 1H got off to a slow start, further improvement was made in 3Q and the percentage change for the overall business was -22%, which improve
Slide 8: Contract Execution Volume / Financing
Contract Execution Volume / Financing Contract execution volume FY19 FY20 FY21 % (¥bn) Change 3Q 3Q 3Q Change Commercial distribution finance / 389.7 473.7 477.5 +3.8 +1% loan, etc. Increased due to large projects executed Real estate 43.1 49.8 118.4 +68.6 +138% Transactions declined mainly due to s
Slide 9: Funding
Funding Funding costs and funding costs ratio both decreased due to factors such as lower foreign currency funding interest rates Promoted initiatives for diversifying funding sources and addressing environmental issues through the issuance of our first green bond on December 10, 2021 Interest-b
Slide 10: Earnings Forecasts and Dividends
Earnings Forecasts and Dividends We have not changed our full-year earnings forecasts for FY2021 ‒ Going forward, we will continue to closely watch the impact on the economy from the recent rapid and wide spread of Omicron variant Interim dividend of ¥55/share, an increase of ¥15/share y-o-y, pa
Slide 11: Appendix
Appendix
Slide 12: Cooperation with Mizuho Financial Group
Cooperation with Mizuho Financial Group Sales cooperation Mizuho Capital became an equity-method affiliated company of Mizuho Leasing Future revenue* almost doubled compared to the previous year Mizuho Capital became an equity-method affiliated company of Mizuho Leasing in December - Collaborati
Slide 13: Cooperation with the Marubeni Group, Ricoh and Ricoh Leasing
Cooperation with the Marubeni Group, Ricoh and Ricoh Leasing Marubeni Group Ricoh and Ricoh Leasing Mizuho Marubeni Leasing Vendor financing business - Income increased significantly y-o-y in FY21 3Q - Started taking advantage of Ricoh Leasing’s vendor - Mainly for overseas projects, sales prosp
Slide 14: Aircastle and Negative Goodwill
Aircastle and Negative Goodwill Aircastle [Earnings] Aircastle’s results (USD million) Due to the decline in lease revenues and loss FY20 3Q FY21 3Q Change related to aircraft leased to Garuda Indonesia, the net income attributable to owners of the parent was -USD 68 million Sales 635 515 － Mizu
Slide 15: Overview of Sixth Mid-term Management Plan (FY 2019-2023)
Overview of Sixth Mid-term Management Plan (FY 2019-2023) Providing solutions that contribute to financial and business strategies for all our clients Cooperation with strategic business partners （※1） Enhancing lease financing business by Mizuho Financial Group expanding client base One of the lar
Slide 16: Consolidated Targets for the Final Fiscal Year of Sixth Mid-term Management Plan
Consolidated Targets for the Final Fiscal Year of Sixth Mid-term Management Plan (FY 2019-2023) Net income attributable ¥30.0 Balance in Triple Dividend payout Aim for 25% to owners of the parent the global area compared with that at or more billion the end of March 2019 ratio (¥bn) 30.0 Triple comp
Slide 17: Main Topics: October to December (3Q)
Main Topics (Examples of Initiatives by the Group) Issued our first green bond Issued Mizuho Leasing’s first green bonds (unsecured straight bonds) through a public offering in the domestic market in December 2021. We aim to contribute to the realization of a sustainable society by implementing
Slide 18: Connect needs to create the future Inquiries
Connect needs to create the future Inquiries Mizuho Leasing Company, Limited Corporate Planning Department Corporate Communication Division Tel: +81-3-5253-6540 Fax: +81-3-5253-6539 This document contains forecasts and other forward-looking statements that are based on information available at the t
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