Tdk Corporation · TSE:6762

Tdk — Q1 2022 Earnings Presentation

24 slides from Tdk's earnings presentation, Jul 28, 2021

  1. Slide 1: Performance Briefing 1Q of Fiscal Year March 2022

    Performance Briefing 1Q of Fiscal Year March 2022 TDK Corporation Corporate Communications Group July 28, 2021

  2. Slide 2: Consolidated Results for 1Q and Full Year Projections

    ●Consolidated Results for 1Q of FY March 2022 Consolidated Full Year Projections for FY March 2022 Tetsuji Yamanishi, Executive Vice President © TDK Corporation  2021 Performance Briefing 1Q of Fiscal Year March 2022 Corporate Communications Group  July 28, 2021  2

  3. Slide 3: Consolidated Results for 1Q of FY March 2022

    Consolidated Results for 1Q of FY March 2022 Consolidated Full Year Projections for FY March 2022 Tetsuji Yamanishi Executive Vice President © TDK Corporation  2021 Performance Briefing 1Q of Fiscal Year March 2022 Corporate Communications Group  July 28, 2021  3

  4. Slide 4: Key points concerning earnings for 1Q of FY March 2022

    Key points concerning earnings for 1Q of FY March 2022 Demand for electronic components, which had stagnated amid the COVID-19 pandemic during fiscal 2021, continued to recover. Demand related to digital transformation (DX) and energy transformation (EX) remained strong. ● Net sales increased 35.8%

  5. Slide 5: Consolidated results for 1Q

    Consolidated results for 1Q of FY March 2022 FY March 2021 FY March 2022 Change 1Q results 1Q results (Yen billions) Yen billions % Net sales 309.4 420.1 110.7 35.8 Operating income 18.4 30.8 12.4 67.4 Operating income margin 5.9% 7.3% +1.4 pt - Income before income taxes 20.7 32.2 11.5 55.6 Net inc

  6. Slide 6: 1Q results - Passive Components segment

    1Q results - Passive Components segment Net sales (Yen billions) Net sales 121.2 billion yen (up 43.6% year on year) 121.2 Operating income 18.0 billion yen (up 133.8% year on year) 84.4 ● Ceramic Capacitors ¬ Sales and operating income increased year on year. ¬ Sales increased to the automotive mar

  7. Slide 7: 1Q results - Sensor Application Products segment

    1Q results - Sensor Application Products segment Net sales Net sales 26.8 billion yen (up 82.3% year on year) (Yen billions) 26.8 Operating loss -2.0 billion yen (down ―% year on year) ● Sensors 14.7 ¬ Sales increased and operating loss decreased year on year. ¬ Earnings from TMR Sensors rose, drive

  8. Slide 8: 1Q results - Magnetic Application Products segment

    1Q results - Magnetic Application Products segment Net sales Net Sales 60.6 billion yen (up 58.2% year on year) 60.6 (Yen billions) Operating income 2.8 billion yen (up ―% year on year) 38.3 ● HDD Heads and HDD Suspension Assemblies ¬ In line with the recovery of investment in data centers, demand f

  9. Slide 9: 1Q results - Energy Application Products segment

    1Q results - Energy Application Products segment Net sales (Yen billions) 199.6 Net Sales 199.6 billion yen (up 27.2% year on year) Operating income 23.4 billion yen (down 25.2% year on year) 156.9 ● Energy Devices (Rechargeable Batteries) ¬ Sales increased year on year. Operating income decreased d

  10. Slide 10: Quarterly results by segment

    Quarterly results by segment YoY change QoQ change 1Q of 4Q of 1Q of (C)-(A) (C)-(B) FY March 2021 FY March 2021 FY March 2022 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 33.3 44.3 47.1 13.8 41.4 2.8 6.3 Inductive Devices 27.4 39.0 42.0 14.6 53.3 3.0 7.7 Other Passive Compone

  11. Slide 11: Breakdown of operating income changes

    Breakdown of operating income changes 1Q of 1Q of FY March 2021 Operating income +12.4 billion yen FY March 2022 18.4 billion yen 30.8 billion yen (Yen billions) Sales price Changes in sales reduction +32.5 (7.0) Benefits from SG&A expenses Rationalization, increase restructuring cost reduction (13.

  12. Slide 12: Projections for 2Q of FY March 2022

    Projections for 2Q of FY March 2022 - Image of changes in sales (Yen billions) 2Q projections 2Q projections Segment 1Q of FY March 2022 excl. forex impact (QoQ change) (QoQ change) Passive Components 121.2 -1～-4% ±0～+3% Sensor Application Products 26.8 +7～+10% +11～+14% Magnetic Application Products

  13. Slide 13: Full year / dividend projections

    FY March 2022 full year / dividend projections FY March 2022 YoY change FY March 2021 full year projections full year results Yen billions % (Yen billions) (announced on July 28, 2021) Net sales 1,479.0 1,600.0 121.0 8.2 Operating income 111.5 150.0 38.5 34.5 Operating income margin 7.5% 9.4% +1.9 p

  14. Slide 14: Supplementary Data

    Supplementary Data © TDK Corporation  2021 Performance Briefing 1Q of Fiscal Year March 2022 Corporate Communications Group  July 28, 2021  14

  15. Slide 15: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2021 FY March 2022 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 33.3 38.6 41.9 44.3 158.2 47.1 Inductive Devices 27.4 34.6 39.0 39.0 140.0 42.0 Other Passive Components 23.6 26.2 28.5 30.6 109.0 32.0 Passive Components 84.4 99

  16. Slide 16: FY March 2022 projections and forex sensitivity

    FY March 2022 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 350.0 300.0 300.0 250.0 212.4 200.0 178.6 173.6 173.4 160.0 150.0 140.3 140.0 125.0 117.5 127.0 106.6 115.2 92.2 102.6 100.0 50.0 0.0 FY18/3 FY19/3 FY20/3 FY21/3 FY22/3 FY18/3 FY19/3 FY20/3 F

  17. Slide 17: Financial position

    Financial position March end, June end, Change (Yen billions) 2021 2021 Total asset 2,401.4 2,508.2 106.8 Total liability 1,395.1 1,471.7 76.6 Stockholders's equity 1,003.5 1,033.8 30.3 (comprehensive income) (82.7) (67.8) 14.9 Stockholders's equity ratio 41.8% 41.2% -0.6pt Cash and cash equivalents

  18. Slide 18: Cash flows

    Cash flows FY March 2021 FY March 2022 YoY results through 1Q results through 1Q change (Yen billions) Operating cash flow 9.8 1.2 (8.6) Investing cash flow (42.1) (28.5) 13.6 Free cash flow (32.3) (27.3) 5.0 Financing cash flow 26.1 9.8 (16.3) Effect of exchange rate changes on cash and cash equiva

  19. Slide 19: Quarterly sales by markets

    Quarterly sales by markets (1Q of FY March 2021 – 1Q of FY March 2022) (Note) In accordance with the redefinition of markets in 1Q of FY202, the prior year’s sales are also reclassified to conform to the new segmentation. © TDK Corporation  2021 Performance Briefing 1Q of Fiscal Year March 2022 Cor

  20. Slide 20: Passive Components business quarterly sales by markets

    Passive Components business quarterly sales by markets (1Q of FY March 2021 – 1Q of FY March 2022) (Note) In accordance with the redefinition of markets in 1Q of FY202, the prior year’s sales are also reclassified to conform to the new segmentation. © TDK Corporation  2021 Performance Briefing 1Q o

  21. Slide 21: Performance Briefing 1Q of Fiscal Year March 2022

    © TDK Corporation  2021 Performance Briefing 1Q of Fiscal Year March 2022 Corporate Communications Group  July 28, 2021  21

  22. Slide 22: Performance Briefing 1Q of Fiscal Year March 2022

    © TDK Corporation  2021 Performance Briefing 1Q of Fiscal Year March 2022 Corporate Communications Group  July 28, 2021  22

  23. Slide 23: Cautionary statements with respect to forward-looking statements

    Cautionary statements with respect to forward-looking statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking

  24. Slide 24: Text data including Q&A will be uploaded on following site

    Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2022/1q_1.html

TDK — Q1 2022 Earnings Presentation on 6ix