Tdk Corporation · TSE:6762

Tdk — Individual Investors Conference (November 2024)

42 slides from Tdk's conference presentation, Nov 28, 2024

  1. Slide 1: Attracting Tomorrow TDK

    Attracting Tomorrow &TDK 202535 HA (MARES RHAS TDK#RRSH sas I—Kk : 6762 202446115288

  2. Slide 2: Agenda

    1. TDK 2. TDK Agenda 3. 4. Appendix 2025 3 Copyright © TDK Corporation, 2024. 2

  3. Slide 3: TDK CEO profile

    CEO 1966 9 10 1989 1995 TDK Electronics Europe 2003 TDK 2004 TDK Corporation of America 2006 TDK Electronics Europe … 2011 2013 GM 2013 2015 2015 2017 BC CEO CEO 2022 TDK ! 2025 3 Copyright © TDK Corporation, 2024. 3

  4. Slide 4: 1. TDK

    1. TDK 2025 3 Copyright © TDK Corporation, 2024. 4

  5. Slide 5: Tokyo Denki Kagaku

    TDK Tokyo Denki Kagaku 1983 TDK Tokyo Denki Kagaku 2025 3 Copyright © TDK Corporation, 2024. 5

  6. Slide 6: TDK 2024 at a glance

    TDK 2024 3 1935 10 2 1,039 1,729 2,186 90 % 22.0 % 90 % 8.2 % 9.0 % ※TDK 2025 3 Copyright © TDK Corporation, 2024. 6

  7. Slide 7: Automotive / Industrial & Energy / ICT

    TDK TDK TDK Automotive Industrial & Energy ICT ICT 1930 TDK 1935 2025 3 Copyright © TDK Corporation, 2024. 7

  8. Slide 8: TDK history

    TDK TDK 1960 1970 1980 1990 2000 2010 2020 2025 2007 2014 TDK α HEV DC-DC 2025 3 Copyright © TDK Corporation, 2024. 8

  9. Slide 9: Technology evolution: HDD, MEMS, MLCC

    ICT TMR ICT HDD ICT 5G / ICT MEMS ICT 7 MEMS MLCC

  10. Slide 10: Market share positions

    26.9% 5,656 2.5% ⚫ HDD EMC 518 ⚫ ⚫ No. 1 No. 1 No. 1 No. 2 No. 1 50 60% 40 45% 45 50% 35 40% 35 40% 2024 3 2 1,039 8.6% 53.3% 1,805 1 1,217 ⚫ ⚫ MEMS ⚫ ⚫ HDD 8.7% ⚫ HDD ⚫ 1,842 ICT 56.7% 22.0% 17.5% 3.8% 2025 3 Copyright © TDK Corporation, 2024. 10

  11. Slide 11: Partner companies and acquisitions

    1986 2005 2008 2016 2017 2023 Partner Company SAE Lambda EPCOS AG Micronas InvenSense Qeexo • HDD • • • • • 2000 2005 2016 2016 2017 Headway ATL Tronics Hutchinson ICsense • HDD • • • HDD • ASIC Net sales 1935 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 3 Copyright © TDK Corporation,

  12. Slide 12: NEOM McLaren Formula E

    NEOM McLaren Formula 2025 20 E 2025 3 Copyright © TDK Corporation, 2024. 12

  13. Slide 13: 2. TDK

    2. TDK 2025 3 Copyright © TDK Corporation, 2024. 13

  14. Slide 14: TDK Empowerment & Transparency

    TDK 4 1 2 3 4 Empowerment & Transparency 2025 3 Copyright © TDK Corporation, 2024. 14

  15. Slide 15: Automotive ICT Industrial & Energy

    TDK 3 TDK 01 02 03 Automotive ICT Industrial & Energy ICT

  16. Slide 16: Automotive

    xEV ADAS ECU Automotive ADAS/ xEV ECU xEV 2025 3 Copyright © TDK Corporation, 2024. 16

  17. Slide 17: ICT

    ICT IoT ICT G AR/VR 2025 3 Copyright © TDK Corporation, 2024. 17

  18. Slide 18: Industrial & Energy

    GX SDGs Industrial ESS & Energy 2025 3 Copyright © TDK Corporation, 2024. 18

  19. Slide 19: Artificial Intelligence

    AI AI AI Artificial Intelligence AI AI AI 2025 3 Copyright © TDK Corporation, 2024. 19

  20. Slide 20: AR / AI

    10 100 1 • AR • AI 2025 3 Copyright © TDK Corporation, 2024. 20

  21. Slide 21: New Business

    RF devices for quantum computer New Business LN FCLM SpinPD ⚫ Photo acoustic SAW filter ⚫ glucose monitoring Thin-film RF Multilayer RF component Neuromorphic device InCellSense component Cardio-vascular ⚫ Plasma application monitoring Thin-film Motion sensor Edge AI Multi-layer inductor VOC multi g

  22. Slide 22: TDK United

    Before 2000 After 2000 10 Micronas, InvenSense and more EPCOS Japan MPT 11,195 TDK United M&A Original LAMBDA 73,751 TDK Non- ATL Japan 16,507 Headway SAE Original TDK 2025 3 Copyright © TDK Corporation, 2024. 22

  23. Slide 23: Quality First

    “Quality” Quality First 1. Quality 2. Quality 3. Quality 4. Quality ⚫ DX ⚫ ⚫ DX ⚫ ⚫ ⚫ TDK ⚫ ⚫ ⚫ 2025 3 Copyright © TDK Corporation, 2024. 23

  24. Slide 24: 3.

    3. 2025 3 Copyright © TDK Corporation, 2024. 24

  25. Slide 25: Copyright © TDK Corporation, 2024 .

    2025 3 Copyright © TDK Corporation, 2024. 25

  26. Slide 26: Transformation and Advancement

    TDK Transformation Medical/Health Care Beyond 5G Renewable Energy Robotics IoT AR/VR Mobility ADAS/EV Transformation Social AI xEV LED of Technology Advancement Green Digital Transformation Transformation AI 2025 3 Copyright © TDK Corporation, 2024. 26

  27. Slide 27: ROA (ROIC) targets

    2022 3 2025 3 2028 3 FC F ⚫ ⚫ ⚫ ⚫ ROA(ROIC) 2025 3 Copyright © TDK Corporation, 2024. 27

  28. Slide 28: FCF WACC ROIC

    FCF WACC 1 2 ROIC 3 2025 3 Copyright © TDK Corporation, 2024. 28

  29. Slide 29: KPI

    KPI 2024 3 2027 3 [ ] 21,039 25,000 5% 10% ROE 7.9% 10% 15 財 務 ROIC ROA WACC 5.3% 7.0% 8% 12% 指 標 8.2% 11% 15% 50% 50% D/E 0.4 0.3 0.4 未 財 67pt 75pt 務 KPI 指 80% 80% 標 CO2 SBTi Scope1+2 2022 3 ※ 42.9% 23.3% 42.0% 144 /US$ 135 /US$ 135 /US$ ※SBTi 1.5℃ SBTi CO2 2027 3 2024 3 Scope2 2024 3 SBTi SBT 2024

  30. Slide 30: 4.

    4. 2025 3 Copyright © TDK Corporation, 2024. 30

  31. Slide 31: Shareholders 2014-2024

    10 2024 10 1 4,500,000 ※ 4,000,000 2014 10 1 2024 11 5 3,500,000 6 3,000,000 6,100 3 7,000 2,500,000 2,000,000 1 5 1,500,000 1,000,000 1 500,000 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ※2024 11 19 2025 3 Copyright © TDK Corporation, 2024. 31

  32. Slide 32: Dividends FY15/3 to FY25/3

    • 30% 35% • ▍ 28.0 23.2 21.2 15.7 10.7 12.0 12.0 8.0 8.0 8.7 6.0 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 FY20/3 FY21/3 FY22/3 FY23/3 FY24/3 FY25/3 ※ 2024 10 1 1 5 ※2022 3 IFRS 2021 3 IFRS 2025 3 Copyright © TDK Corporation, 2024. 32

  33. Slide 33: TDK United Transformation

    ⚫ TDK United Transformation TDK ⚫ ROIC WACC ⚫ 2025 3 Copyright © TDK Corporation, 2024. 33

  34. Slide 34: TDK WEB

    TDK WEB ▍ ▍ https://www.tdk.com/ja/ir/index.html https://www.tdk.com/ja/ir/individual_investors/index.html 2025 3 Copyright © TDK Corporation, 2024. 34

  35. Slide 35: Investor information resources

    2024 ▍ URL ▍ https://www.tdk.com/ja/ir/ir_library/annual/index.html 2024 7 31 ▍ 2024 TDK Transformation TDK • 1 TDK • 2 TDK • 3 TDK ▍ 2022 • • 2023 • GPIF 1 2 2025 3 Copyright © TDK Corporation, 2024. 35

  36. Slide 36: Appendix

    Appendix 2025 3 Copyright © TDK Corporation, 2024. 36

  37. Slide 37: Company overview and stock information

    2024 3 TDK TDK Corporation 1,247 [IFRS] TDK 101,453 103-6128 Baa1 A- 5 1 2021 2 A+ R&I 1935 12 7 2021 2 A−2 7,200,000,000 2024 10 30 250 1,943,859,885 2024 10 27,031 32,641,976,312 2 1,039 27,031 101,453 0.57 3.7 3.28 7.7 11.7 5.10 2.41 76.9 43.81 44.83 2025 3 Copyright © TDK Corporation, 2024. 37

  38. Slide 38: Financial trends FY15/3-FY24/3

    ▍ ▍ 91.4% 92.1% 91.1% 91.1% 91.8% 91.9% 92.1% 92.2% 91.9% 91.2% 208,660 2,500,000 200,000 2,180,817 168,827 172,893 2,103,876 166,775 2,000,000 1,902,124 145,099 150,000 131,298 124,687 1,479,008 111,814 114,187 1,500,000 1,271,747 1,381,806 1,363,037 107,823 97,870 1,082,560 1,152,255 1,178,257 100

  39. Slide 39: ROIC ROE ROA and dividend trends

    ▍ ▍ ROIC ROE ROA 52.6% 3,415,304 19.8% 46.6% 47.7% 3,147,027 44.0% 3,041,653 3,000,000 43.3% 43.4% 40.6% 50.0% 46.3% 13.4% 2,359,663 42.8% 11.6% 1,905,209 1,992,480 1,943,379 2,000,000 1,664,333 1,707,332 9.2% 9.7% 1,404,282 1,450,564 1,458,446 7.8% 8.5% 8.3% 7.9% 1,300,317 7.2% 6.7% 7.4% 958,929 6.

  40. Slide 40: ESG index inclusions

    ▍ ▍ JPX 150 SOMPO SOMPO ESG 2022 2023 FTSE4Good Index Series iSTOXX MUTB Japan 150 S&P Global Sustainability 150 Yearbook Member FTSE Blossom Japan Index CDP ESG Morningstar Japan ex-REIT Gender Diversity Tilt Index A FTSE Blossom Japan Sector Relative Index MSCI ESG Leaders Indexes CDP ESG ESG S&P

  41. Slide 41: Copyright © TDK Corporation, 2024 .

    2025 3 Copyright © TDK Corporation, 2024. 41

  42. Slide 42: TDK

    ‘4 TDIK

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