Bridgestone Corporation · TSE:5108
Bridgestone — Q1 2020 Earnings Presentation
18 slides from Bridgestone's earnings presentation, May 11, 2020
Slide 1: Financial Results for 1st Quarter of Fiscal 2020
Financial Results for 1st Quarter of Fiscal 2020 Bridgestone Corporation May 11, 2020
Slide 2: Agenda
１. Impacts of COVID-19 and P.3 Bridgestone’s policies in response ２. Business and Financial Performance P.8 for 1st Quarter of Fiscal 2020 ３. About Consolidated Projections P.15 for Fiscal 2020 2 /18
Slide 3: Impacts of COVID-19 and Bridgestone's policies in response
１. Impacts of COVID-19 and Bridgestone’s policies in response 3 /18
Slide 4: Impacts of COVID-19 on Bridgestone's Business
Impacts of COVID-19 on Bridgestone’s Business 1. Operating Environment Significant stagnancy in global economic activity due to state of emergency declarations in countries worldwide; drops in demand for OE and REP tires stemming from global reductions in automobile production and lower operating
Slide 5: Bridgestone's Policies in Response to COVID-19
Bridgestone’s Policies in Response to COVID-19 1. Crisis Response Measures Prioritizing Lives and Safety of Customers, Employees, and Other Stakeholders ・Entrenchment of responsible actions by employees to respond to social expectations and prevent spread of disease ・Swift, organization-wide respons
Slide 6: COVID-19-Related Social Contribution Activities
COVID-19-Related Social Contribution Activities Various proactive social contribution activities to be advanced around the world based on policy of “crisis response measures prioritizing lives and safety of customers, employees, and other stakeholders” Japan ● Production of simple masks for use in B
Slide 7: Capital Policies in Response to Risk of Prolongation of COVID-19 Impacts
Capital Policies in Response to Risk of Prolongation of COVID-19 Impacts ＜Financial Position on December 31, 2019 ＞ FY 2019 (Billions of yen) (As of Dec. 31, 2019) (Billions of yen) FY2019 2019 Credit Ratings Cash and cash equivalents 432.9 Cash flows from operating activities 505.0 Moody’s A2 Equit
Slide 8: Business and Financial Performance for 1st Quarter of Fiscal 2020
２. Business and Financial Performance for 1st Quarter of Fiscal 2020 8 /18
Slide 9: Business Environment Surrounding Bridgestone Group
Business Environment Surrounding Bridgestone Group Currency ●Stronger JPY against USD/EUR vs PY Exchange 1USD=109yen, 1EUR=120yen （Ref.）19Q1：1USD＝110yen 1EUR＝125yen Raw Material ●Natural Rubber : Lower vs PY Prices Crude Oil : Lower vs PY Tire Demand ●Weaker Global tire demand vs PY (PSR/TBR) due to
Slide 10: Tire Sales Growth for 1st Quarter of Fiscal 2020
Tire Sales Growth for 1st Quarter of Fiscal 2020 (Year-on-Year, unit base) PSR TBR ORR OE & REP OE & REP Ultra-Large 92％ Global 85％ Global 87％ (REP) (92%) Large 79％ (REP) (88%) OE OE Japan 94% Japan 101% N. America 81% N. America 74% Europe 92% Europe 77% China, China, Asia-Pacific 69％ Asia-Pacific
Slide 11: Consolidated Results for 1st Quarter of Fiscal 2020
Consolidated Results for 1st Quarter of Fiscal 2020 (Yen in billions) Note: Figures within parentheses mean minus 2019 2020 vs PY（%） Q1 Results Q1 Results Revenue 848.2 752.2 (11) Adjusted 82.1 49.8 (39) Operating Profit (Ratio) 9.7% (Ratio) 6.6% (Ratio) (3.1)pt Profit Attributable to Owners of Pare
Slide 12: Analysis of Consolidated Adjusted Operating Profit
Analysis of Consolidated Adjusted Operating Profit for 1st Quarter of Fiscal 2020 Note: Figures within parentheses mean minus (Yen in billions) Raw Materials Volume Price +8.0 (29.0) 100 +7.0 Operating Depreciation/ Foreign Expense Amortization Exch. Loss Others 80 +5.0 (2.0) (2.0) (19.2) 60 Exchang
Slide 13: Financial Results by Segment
Financial Results for 1st Quarter of Fiscal 2020 by Segment (Yen in billions) Note: Figures within parentheses mean minus 2019 2020 vs PY（%） Q1 Results Q1 Results Consolidated 848.2 752.2 (11) Revenue Japan 215.3 194.9 (9) Americas 396.7 363.0 (9) Europe, Russia, Middle East, India and Africa 156.7
Slide 14: B/S and C/F Highlights
B/S and C/F Highlights for 1st Quarter of Fiscal 2020 Note: Figures within parentheses mean minus (Yen in billions) 2020 Q1 Results (As of Mar. 31, 2020) vs Dec. 31 2019 Total Assets 4,004.7 (272.4) Total Equity 2,266.3 (136.2) Equity Ratio (%) 55.4% +0.4% Interest-Bearing Debt 〈Net〉 485.8 +74.3 202
Slide 15: About Consolidated Projections for Fiscal 2020
3. About Consolidated Projections for Fiscal 2020 15 /18
Slide 16: Full-Year Forecasts for 2020 Performance
Full-Year Forecasts for 2020 Performance Bridgestone’s Operating Environment ● Demand for OE and REP tires projected to be substantially lower than indicated by February forecasts due to significant stagnancy in global economic activity stemming from state of emergency declarations in countries worl
Slide 17: Future Outlook
Future Outlook Future Outlook ● Faced with unprecedented COVID-19 crisis, experience accumulated while overcoming challenges seen thus far to be utilized to develop flexible management structures accounting for various risks and to advance response measures focused on minimizing immediate damage to
Slide 18: Forward-looking statements disclaimer
Statements made in this presentation with respect to Bridgestone's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Bridgestone. Forward-looking statements include, but are not limited t