Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — Q3 FY March 2012 Earnings Presentation
22 slides from Autobacs Seven's earnings presentation, Jan 31, 2012
Slide 1: Results of FY March 2012 Q3
Translation Results of FY March 2012 Q3 AUTOBACS SEVEN CO., LTD. January 31, 2012
Slide 2: Results for the Nine Months Ended December 31, 2011
RESULTS FOR THE NINE MONTHS ENDED DECEMBER 31, 2011:
Slide 3: P/L for the Nine Months of FY March 31, 2012
P/L for the Nine Months of FY March 31, 2012 Group-wide domestic sales (yoy): -0.6% in same store, 0.0% in total store Store sales ended slightly lower than the plan, but the robust wholesale and GPM results, as well as reduced SG&A pushed up the consolidated results. (Billion Yen) Nine months ended
Slide 4: Quarterly P/L (FY March 2012)
Quarterly P/L (FY March 2012) (Billion Yen) Q4 Full Q1(Results) Q2(Results) Q3(Results) （estimates – Year(Estimates) results） YoY YoY YoY YoY YoY Net Sales 59.3 +0.5% 55.4 -1.1% 72.9 +0.4% 46.1 -5.2% 233.8 -1.1% Gross 18.6 +3.2% 18.3 +3.1% 22.9 +2.1% 15.7 -10.5% 75.5 -0.3% margin SG&A 15.4 -3.3% 15.
Slide 5: Factors Affected to the Nine Months Result
FACTORS AFFECTED TO THE NINE MONTHS RESULT • Impact of the Great East Japan Earthquake ↓ Decline of new car sales affected to car goods sales as expected. ― Sales of car navigation devices did not fall as expected. • Influence of weather conditions ↑ Strong sales of snow-tires due to heavier than us
Slide 6: Sales Ups and Downs by Merchandize Category
Sales Ups and Downs by Merchandize Category (for 9 months ended December 31, 2011; YoY change in amount; total store basis) (Million Yen) Same store sales -0.6%, Number of customer -1.9％(YoY) 3,000 Volume: +2.5％ Revenue: +5.0％ Rebound from extreme Affected by decrease the 2,136 Unit price: +2.4％ hea
Slide 7: Retail Sales Trend
Retail Sales Trend YoY change for the last twelve months 30.0 （％） Sales Terrestrial digital broadcasting 25.0 Number of purchasing customers tuner and car navigation - Earlier than usual preparation of 20.0 Rush demand 17.0 snow tires at stores of tires before - Increased wholesale for store 15.0 ra
Slide 8: Domestic Retail Sales Including FC stores
Domestic Retail Sales Including FC stores (Billion Yen) Retail sales including FCs: 250 226.6 billion Yen (up 0.0% YoY) 226.4 226.6 Car related goods sales: 201.7 billion yen (down 0.5% YoY) 200 Car sales: 11.4 billion yen** (up 10.2% YoY) No. of cars sold at AUTOBACS Group stores: 150 12,450 cars (
Slide 9: Major Drivers of Variance
MAJOR DRIVERS OF VARIANCE (Billion Yen) Nine months ended December 31, 2011 Nine Months ended Results YoY Major drivers of variance December % of change Sales 31, 2010 Net sales 187.7 ▲0.0％ Whole Sales +0.5BY （Tires&Wheels +3.2BY, Car electronics 187.7 devices -2.5BY, motorsports goods -0.5BY, exter
Slide 10: Segment Information
Segment Information (Billion yen) Nine months ended Nine months ended YoY Dec 31, 2011 Dec 31, 2010 change Net Sales 158.7 157.8 +0.6% Non-consolidated Ordinary Income 12.95 10.24 +26.5% Domestic store Net Sales 62.5 62.6 -0.1% subsidiaries 0.67 -6.1% Ordinary Income 0.72 Net Sales 7.0 6.6 +5.3 Over
Slide 11: Performance Breakdown
PERFORMANCE BREAKDOWN Non-consolidated +1.27BY ↑ Tires & wheels, new and used cars Net Sale Whole Sale (+0.9%) ↓ Car electronics devices, Fuel, motorsports goods 158.7BY -0.36BY ↑ Fuel YOY: +0.9BY Retail (-5.1%) ↓ Used parts, internal items, motorsports goods +1.84BY ↑ Tires & wheels, Car electronic
Slide 12: Decrease in Consolidation Adjustments
DECREASE IN CONSOLIDATION ADJUSTMENTS Consolidation Adjustments (Million Yen) Nine months Nine months ended December ended December 31, 2011 31, 2010 Operating Income for segment total 14,242 11,695 Inventories ▲693 ▲609 (Unearned income of subsidiary inventories, etc.) Depreciation of Goodwill ▲58
Slide 13: Results of Overseas by Country
Results of Overseas by Country FRANCE CHINA SINGAPORE THAILAND Number of stores at Dec 31, 2011 11 4 3 4 --including FCs stores- Same store sales +3.0% +6.3% +6.5% +0.7% -including FC stores- 4/1/2011 4/1/2010 4/1/2011 4/1/2010 4/1/2011 4/1/2010 4/1/2011 4/1/2010 Period through through through throu
Slide 14: Forecasts for FY 2012
FORECASTS FOR FY 2012 (Billion Yen) FY 2012 Fiscal year Results for the Forecast for the Revised forecast for ended Mar six months latter six the 12 months Revised 31, 2011 ① ended Sep 30, months of FY ending amount % of sales 2011 2012 Mar 31, 2012 ② ②－① % of sales % of sales % of sales Net sales 2
Slide 15: Progress of AUTOBACS 2010 Business Plan
Progress of AUTOBACS 2010 Business Plan (as of December 31, 2011) Measures Plan 1. Improving store profitability Completed reform at 147 stores (fiscal year target is 224 stores) 1) Store reform Positive outcome is attained by the reform, but achievement levels vary between stores. 2) Merchandis
Slide 16: Store Reform Results
Store Reform Results Comparison of the store performance before and after reform Stores before reform After-reform stores (118 stores) (265 stores*) Difference -YoY change - - YoY change - Retail sales 98.4％ 100.6％ +2.2pt Number of customers 97.0％ 99.2％ +2.2pt Number of items purchased from central
Slide 17: Store Openings and Closings
Store Openings and Closings Domestic Store FY March 2012 From April 1, 2011 to Dec. 31, As of As of As of 2011 (Result) Q4 FY March 2012 (Forecast) March 31, Dec. 31, March 31, 2011 New S/B R/L Close 2011 New S/B R/L Close 2012 AUTOBACS 404 +15 +7 / (3) (1) 422 +8 +1 / (1) 430 Super AUTOBACS 76 76 7
Slide 18: Progress of New Store Openings
PROGRESS OF NEW STORE OPENINGS Store openings until November, 2011 STORE NAME Formats Opening date 1 AUTOBACS Matsuyama Homen Store Standard April 21, 2011 2 AUTOBACS Tokamachi Store Small Store April 22, 2011 3 AUTOBACS Tsuruoka Store Store for small commercial-zone August 11, 2011 4 AUTOBACS Kumat
Slide 19: Balance Sheet: Assets
BALANCE SHEET: Assets (Billion Yen) Total Assets 207.8 BY 232.6 BY Cash and deposits 43.2 Major items changed Trade notes and account 43.8 receivables Trade notes and account receivables： Lease 39.6 +16.6 investment assets 23.0 Inventories：+2.9BY 13.8 13.4 Securities 10.4 13.3 Inventories Accounts r
Slide 20: Balance Sheet: Liabilities and Equity
BALANCE SHEET: Liabilities and Equity (Billion Yen) Total Liabilities and Equity 207.8 BY 232.6 BY Accounts payable 39.3 Major items changed ST borrowings: -1.0 BY ST borrowings and 15.3 corporate bond 3.2 3.2 Accounts payable: +24 BY 22.1 Other ST liabilities 26.0 8.7 7.5 Other ST liabilities 10.5
Slide 21: Dividend Plan
DIVIDEND PLAN Dividend per share and Dividend on Equity （Yen） 135 140 4% 300% 140 125 260.6% 3.2% 3.2% 250% 120 100 100 3% 3.0% 100 200% 2.3% 2.4% 80 2% 150% 58 60 1.4% 100% 77.2% 40 1% 24.3% 75.9% 50% 20 55.6% 0% 0% 0 Dividend on Equity(DOE) Dividend payout ratio Share Buyback Plan Period：May 12, 2
Slide 22: Forward-Looking Statements
Forward-Looking Statements These materials include forecasts regarding the Company’s future plans, strategies, and performance. This information is based on judgments and estimates made in accordance with information currently available. Actual results may differ materially from forecasts due to suc
Autobacs Seven — Q3 FY March 2012 Earnings Presentation on 6ix