Japan Display Inc. · TSE:6740

Japan Display — Q3 FY2023/3 Earnings Presentation

19 slides from Japan Display's earnings presentation, Feb 10, 2023

  1. Slide 1: FY23/3 Q3 Corporate Presentation

    FY23/3 Q3 Corporate Presentation February 10, 2023

  2. Slide 2: PersonalTech For A Better World

    PersonalTech For A Better World Copyright 2023 Japan Display Inc. All Rights Reserved. Slide 2

  3. Slide 3: FY23/3 Q3 Earnings Review

    |_| Japan Display Inc. _ JBI FY23/3 Q3 Earnings Review

  4. Slide 4: FY23/3 Q3 (9M) Key Points

    FY23/3 Q3 (9M) Key Points ◼ Cumulative Q3 sales JPY 208B (JPY -5.9B vs. forecast), operating profit JPY -22.4B (JPY -1.6B vs. forecast) ◼ Sales flat vs. FY22/3 Q3, with weak mobile sales (c. JPY -27.7B YoY) offset by strong automotive sales (c. JPY +28.4B YoY) ◼ Operating profit worsened by JPY 12.3

  5. Slide 5: FY23/3 Q3 (9M) Difference between Forecast & Actual Results

    FY23/3 Q3 (9M) Difference between Forecast & Actual Results Sales & operating earnings profit below forecast on lower customer demand. Net income above forecast on gain from Chinese subsidiary sale (JPY billion) FY23/3 Q3 FY23/3 Q3 (9M) (9M) Diff Explanation Prev. FCST ACT Sales 213.9 208.0 -5.9 Mob

  6. Slide 6: FY23/3 Q3 (9M) YoY Comparison

    FY23/3 Q3 (9M) YoY Comparison Net loss widened as gains from cost reductions & price increases were outweighed by sharp increases in input costs (JPY billion) FY22/3 Q3 FY23/3 Q3 (9M) (9M) Chg Explanation ACT ACT Sales 209.5 208.0 -1.5 Mobile US/Euro: Continuing downward trend Mobile China/Other: De

  7. Slide 7: FY23/3 Q3 (9M) Operating Profit Breakdown

    FY23/3 Q3 (9M) Operating Profit Breakdown Operating Profit Breakdown Operating Profit Breakdown (vs. Forecast） （YoY） （JPY billion） （JPY billion） FY23/3 Q3 FY23/3 Q3 FY22/3 Q3 FY23/3 Q3 (9M) FCST (9M) ACT (9M) ACT (9M) ACT Sales 213.9 Sales 208.0 Sales 209.5 Sales 208.0 Operating Loss Operating Opera

  8. Slide 8: Downward Revision of FY23/3 Q4 & Full-Year Forecasts

    Downward Revision of FY23/3 Q4 & Full-Year Forecasts Main drivers are negative effects of inflation on consumer demand, continued shortage of analog ICs on auto maker production, & increase in JDI input & transportation costs (JPY billion) FY23/3 FY23/3 Previous FCST FY23/3 Revised FCST Change Full

  9. Slide 9: FY23/3 Full-Year Operating Profit Breakdown vs. Previous Forecast

    FY23/3 Full-Year Operating Profit Breakdown vs. Previous Forecast (November 10, 2022) （JPY billion） FY23/3 FY23/3 Previous FCST New FCST Sales 280.0 Sales 266.0 Operating Volume & Fixed Costs Other FX Impact Operating Loss Loss Product Mix Reduction (Mainly Inventory Impact) Copyright 2023 Japan Dis

  10. Slide 10: METAGROWTH 2026 Financial Targets (KPI)

    METAGROWTH 2026 Financial Targets（KPI） Drive profitable growth by focusing on high-margin products & businesses where JDI has competitive advantage. Currently reviewing FY23 forecast due to significant changes in operating environment 6,000 2400 2200 5,000 473.5 2000 418.2 1800 4,000 384.5 1600 266.

  11. Slide 11: Appendix

    |_| Japan Display Inc. _ JDI Appendix

  12. Slide 12: Quarterly Sales Breakdown by Product Category

    Quarterly Sales Breakdown by Product Category （JPY billion） 86.4 81.2 71.9 71.7 18.6 69.7 66.0 18.8 14.2 11.0 57.1 22.0 3.4 17.4 21.4 11.7 10.1 4.9 Mobile (US/Euro) 10.0 5.7 8.7 35.7 39.7 Mobile (China/Other) 26.4 33.1 20.9 23.9 26.9 Automotive Non-Mobile 16.0 19.4 21.1 19.3 15.0 14.5 14.3 FY22/3 FY

  13. Slide 13: Consolidated B/S

    Consolidated B/S (JPY billion) FY22/3 FY22/3 FY23/3 YoY QoQ Q3 Q4 Q3 Cash and deposits 57.8 52.2 32.6 -25.2 -19.6 Accounts receivable - trade 32.3 56.3 38.4 ＋6.2 -17.9 Accounts receivable - other 18.3 23.5 39.4 ＋21.1 ＋15.9 Inventories 51.0 49.1 72.2 ＋21.2 ＋23.2 Other 5.0 5.4 5.2 ＋0.2 -0.1 Total curr

  14. Slide 14: Consolidated P&L

    Consolidated P&L (JPY billion) FY22/3 FY23/3 FY23/3 YoY QoQ Q3 Q2 Q3 Sales 71.7 81.2 69.7 -1.9 -11.5 EBITDA -0.9 -2.8 -8.5 -7.6 -5.7 Operating Profit -3.1 -4.9 -10.6 -7.5 -5.7 Non-Operating Income 1.4 1.8 0.6 -0.9 -1.3 Non-Operating Expenses -0.8 -1.0 -2.5 -1.7 -1.5 Recurring Profit -2.5 -4.1 -12.6

  15. Slide 15: Consolidated Cash Flow Statement

    Consolidated Cash Flow Statement Free Cash Flow = Cash Flow from Operating Activities less Capex Copyright 2023 Japan Display Inc. All Rights Reserved. Slide 15

  16. Slide 16: Difference between Forecast & Actual Results (Q3 3M)

    FY23/3 Q3 Difference between Forecast & Actual Results Sales, operating profit, and recurring profit below forecast on lower customer demand. Net income above forecast on gain from Chinese subsidiary sale (JPY billion) FY23/3 Q3 FY23/3 Q3 (3M) (3M) Diff Explanation Prev. FCST ACT Sales 75.6 69.7 -5.

  17. Slide 17: FY23/3 Q3 YoY Comparison (3M)

    FY23/3 Q3 YoY Comparison Net loss widened as gains from cost reductions & price increases were outweighed by sharp increases in input costs (JPY billion) FY22/3 Q3 FY23/3 Q3 (3M) (3M) Chg Explanation ACT ACT Mobile US/Euro: Temporary increase due to taking of Sales 71.7 69.7 -1.9 market share despit

  18. Slide 18: FY23/3 Q3 (3M) Operating Income Breakdown

    FY23/3 Q3 (3M) Operating Income Breakdown Operating Income Breakdown Operating Income Breakdown （YoY） (QoQ） （JPY billion） （JPY billion） FY22/3 Q3 FY23/3 Q3 FY23/3 Q2 FY23/3 Q3 Sales 71.7 Sales 69.7 Sales 81.2 Sales 69.7 Operating Loss Operating Loss Volume & Product Mix Fixed Cost Operating Operatin

  19. Slide 19: Thank You!

    Thank You! Any information related to market trends or industries mentioned in this document is based on information available at present and JDI does not guarantee that this information is accurate or complete. Any plan, estimation, calculation, quotation, evaluation, prediction, expectation or oth

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