Abalance Corp · TSE:3856
Abalance — H1 FY06/23 Earnings Presentation
18 slides from Abalance's earnings presentation, March 2023
Slide 1: Financial Results Presentation for 1H FY06/23
Financial Results Presentation for 1H FY06/23 Abalance Corporation TSE Standard: 3856 / March 2023 Copyright © 2023 Abalance Corporation
Slide 2: Corporate Profile
Corporate Profile ■ Company name Abalance Corporation (Group Holding Company) ■ Establishment April 17, 2000 ■ Businesses Green energy, construction machinery, IT, healthcare (photocatalyst) ■ Major subsidiaries WWB, VALORS, VSUN, Japan Photocatalyst Center ■ Overseas subsidiaries Consolidation of V
Slide 3: Our Solar Panel Business: Strengths
Our Solar Panel Business: Strengths (1) One-stop solution ーWe offer an end-to-end solution to customers with our own panel manufacturing facility in Vietnam. ーUnlike most solar panel distributors, we control the entire supply chain from production to installation. ✔In-house plant: Largest production
Slide 4: High-quality modules from VSUN; Pioneering structure for decarbonized energy; MAXAR
(3) High-quality modules from VSUN ─ We were awarded the Bronze Medal from EcoVadis (headquartered in France)* in 2022. *We ranked #64 out of more than 75,000 participating companies worldwide. *EcoVadis is a leading provider of ESG ratings for global supply chains. ─ We were included in Bloomberg’s
Slide 5: Performance Highlights [Consolidated; 1H FY06/23]
Performance Highlights [Consolidated; 1H FY06/23] ◼ Net Sales: Approx. 4.2x YoY; Ordinary Profit: Approx. 17.2x YoY ➢ Revenue drivers: Global demand for renewable energy, reduced congestion in regional ports and harbors ➢ Profit drivers: Price increase to customers, declining transportation fares af
Slide 6: Upward Revision to Full-Year Consolidated Forecast
Upward Revision to Full-Year Consolidated Forecast (Second Upward Revision for the Current Fiscal year) ⚫ VSUN’s panel sales to Europe and US exceeded our expectations. ⚫ Profits have improved significantly mainly due to price increases to customers and declining container shipping rates after reach
Slide 7: 1H Results in Key Segments
1H Results in Key Segments Solar Panel Manufacturing Business (VSUN) ⚫ Increased net sales and segment profit significantly ⚫ Exceeded solar panel sales expectations in Europe and US ⚫ Less congestion in regional ports and harbors improved shipping conditions ⚫ Raised prices and container shipping r
Slide 8: [Reference] Green Energy Business: Development Examples
[Reference] Green Energy Business: Development Examples Kakuda Solar Power Plant (Miyagi Prefecture) Hanabatake Solar Power Plant (Gunma (DC): Approx. 18.3MW Prefecture) / (DC): Approx. 3.6MW Miyanoura Solar Power Plant (Kagoshima Dai Dung An Ha Factory roof top Prefecture) / (DC): Approx. 2.8MW (Th
Slide 9: [Reference] Share Price Chart (Securities Code: 3856)
[Reference] Share Price Chart (Securities Code: 3856) ◆ We recognize that we have entered a phase of valuation expansion, reflecting investor expectations for the growth potential of our Group businesses. ⇒ We have newly hired an expert in investor relations: Nobuyuki Horiuchi, Executive Officer and
Slide 10: [Topics 1] Completion of Plant No. 4 (VSUN)
[Topics 1] Completion of Plant No. 4 (VSUN) ➢ Plant No. 4 (panel production) has begun operations sequentially from Jan. 2023. ➢ The annual production capacity is expected to rise from 2.6GW to 5.0GW. For reference, 1GW of plant capacity is roughly equal to the capacity of one nuclear plant. Top Jap
Slide 11: [Topics 2] Construction of Solar Cell Plant (VSUN)
[Topics 2] Construction of Solar Cell Plant (VSUN) • We are building our own solar cell plant to produce solar cells, a key component of solar panels. ➢ Project details: Annual capacity of 6GW ➢ Total investment (planned): Approx. 300 million US dollars (39.45 billion yen*) Note: Calculated based on
Slide 12: VSUN Solar Cell Plant: Location Map
VSUN Solar Cell Plant: Location Map Access • Approx. 84 km from Noi Bai International Airport • Approx. 110 km from Hanoi city center • Approx. 130 km from VSUN No. 1 Plant Solar Cell Plant • Approx. 130 km from VSUN No. 2 Plant • Approx. 134 km from VSUN No. 3 Plant Hanoi Supply chain flow Cell pro
Slide 13: Cell Plant Construction (Phase 1 in Progress)
Cell Plant Construction (Phase 1 in Progress) We are on track to complete Phase 1 (3GW) of the 6GW solar cell plant construction project by October 2023. (*) Construction is proceeding smoothly. 👉We will share more details on Phase 2 of the project as soon as they are confirmed. Copyright © 2023…
Slide 14: Further Upward Revision of the Medium-Term Management Plan
Further Upward Revision of the Medium- Term Management Plan (2nd Upward Revision) Full-year FY06/23 forecast re-revised upward (on Feb. 13, 2023) Full-year FY06/24 medium-term targets re-revised upward (on Feb. 24, 2023) Plan period→ FY06/22 FY06/23 FY06/24 Revised forecast Revised targets Re-revise
Slide 15: Key Initiatives to Enhance Corporate Value
Key Initiatives to Enhance Corporate Value ⚫ Achieve full-scale operation of Plant No. 4 (raise annual production capacity Promotion of main Solar Panel from 2.6GW to 5GW). Manufacturing ⚫ Complete cell plant construction (Phase 1) and proceed to Phase 2. businesses Business ⚫ Improve and enhance pr
Slide 16: Shareholder Return Policy
Shareholder Return Policy ◆ We have increased the interim dividend to 3 yen per share, or 9 yen per share pre-stock split, as of the record date of December 31, 2022, which represents a significant increase from the previous interim period. ◆ Income gain: We anticipate paying a higher year-end divid
Slide 17: Equity Ratio Trends in the Near Term
Equity Ratio Trends in the Near Term ⚫ Our equity ratio was 6.8% as of end-Q2 FY06/23 ➢Marks a moderate improvement ➢ROE remained high at 17.4% (FY06/22) [Equity Ratio Trend and Outlook] ⚫ Our equity ratio temporarily dropped to 5.4% as of end-September 2022. ⚫ However, it has since improved to 6.8%
Slide 18: Disclaimer
【Disclaimer】 ◼ The information contained in this document has been prepared based on economic and social conditions and certain assumptions that the Group has determined to be reasonable, may change without notice due to changes in the business environment, etc. there is. ◼ The information provided