Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — Q1 FY March 2017 Earnings Presentation
21 slides from Autobacs Seven's earnings presentation, Jul 29, 2016
Slide 1: Results for the Three Months ended June 30, 2016
【Reference】 Translation Results for the Three Months ended June 30, 2016 July 29, 2016 AUTOBACS SEVEN CO., LTD.
Slide 2: Q1 FY March 2017 Consolidated P/L
Q1 FY March 2017 Consolidated P/L Decrease in net sales and income: Gross profit fell due to a decline in sales. Selling, general, and administrative expenses were within the plan Sales of vehicle interior accessories and other merchandise and car navigation systems decreased, partly affected by the
Slide 3: Financial Forecast after Q2
Financial Forecast after Q2 2nd Quarter - Business environment for Q2 remains the same as the environment that continued up until Q1. - Strengthen marketing initiatives and improve profitability 3rd Quarter and 4th quarter - Expect recovery trend in automobile demands such as tires and statutory ins
Slide 4: Analysis of Operating Income by Segment
Analysis of Operating Income by Segment Domestic Retail sales Total store basis: -3.6% Same store basis: -5.2% Operating income (Billion yen) Amount Major drivers of variance (yoy) Non-consolidated 0.59 -1.1BY Net sales -2.2BY (-5.8%) ・Decrease in wholesale sales resulting from a decline in sales at
Slide 5: Segment Information
Segment Information (Billion yen) Three months ended Three months ended YoY June 30, 2016 June 30, 2015 change Net Sales 35.86 38.07 -5.8% Non-consolidated Ordinary Income 0.59 1.7 -65.2% Domestic store Net Sales 15.38 15.86 -3.0% subsidiaries - Ordinary Income -0.65 -0.7 Net Sales 1.95 2.44 -19.8%
Slide 6: Performance Breakdown (Three months ended Jun 30, 2016)
Performance Breakdown (Three months ended Jun 30, 2016) Non-consolidated company -2.11 BY ↑ fuel, used car goods Net sales Wholesale -5.9% ↓ tires & wheels, accessories, maintenance goods, etc. 35.8 Billion Yen -0.04 BY ↑ car sales, accessories, maintenance goods, etc. (YoY: -2.2 BY) Retail -3.2% ↓
Slide 7: Retail Sales in Total AUTOBACS Group Stores
Retail Sales in Total AUTOBACS Group Stores RETAIL SALES INCLUDING FCs: 57.7 billion yen (-3.6% YoY) (Billion Yen) 70 59.9 57.7 1.0 Second hand goods & Fuel: 1.0BY (-1.7% YoY） 60 1.0 4.1 4.0 Statutory safety inspection: 4.0BY (-2.3% YoY) 5.7 Number of cars inspected： 136,000cars (-4.5% YoY) 50 6.0 N
Slide 8: Sales Trend: Retail & Wholesale (Jul 2015 – Jun 2016)
Sales Trend: Retail & Wholesale (Jul 2015 – Jun 2016) 【YoY change for the last 12 months】 15.0% Sales Wholesale 11.5% Rise in demand for winter 10.0% goods due to snowfall in urban areas 5.5% 5.0% 1.4% -0.3% 0.2% 0.0% -2.5% -1.3% -0.6% -4.1% -5.0% -0.8% -4.4% -5.0% -2.3% -4.0% -3.9% -5.5% -5.5% -8.2
Slide 9: Sales Variance by Merchandise (Q1 FY2017)
Sales Variance by Merchandise (Q1 FY2017) 【Same store basis】 Sales: -5.2% YoY, Number of customers: -6.4% YoY (Million Yen） Sales* changes by merchandise category 100 (YoY change in amount; total store basis) 4 0 -3 -41 -51 -100 -104 -111 -158 -200 Car interiors: -100 MY Car fragrance: -50 MY -224 -
Slide 10: ASP Trends in Car Navigation Devices
ASP Trends in Car Navigation Devices ASP and Unit Sales Trends of Car Navigation Devices (YoY) 15% 10.6% 10.4% 8.7% 8.5% 9.0% 10% 6.6% 5% 3.2% 5.3% 2.9% 3.8% 0% 0.1% -0.3% -5% -7.3% -10% -12.2% -12.2% -15.3% -10.9% -15% -12.8% -12.8% -14.5% -14.7% -16.4% -15.6% -20% -21.1% -25% Jul-15 Aug-15 Sep-15
Slide 11: Automobile purchase and sales (1)
Automobile purchase and sales (1) Commercial flow of car purchase and B2B sales (No. of cars denotes cumulative units for the three months ended June 30, 2016) FC Headquarters Sales by auction Appraisal and purchase consigned to FC Headquarters Used car dealers 456 cars Auto auctions 2,612 cars Cust
Slide 12: Automobile purchase and sales (2)
Automobile purchase and sales (2) Commercial flow of retail sales (No. of cars denotes cumulative units for the three months ended June 30, 2016) New car dealers Used car dealers New car dealers Auto auctions Auto auctions Procurement Procurement FC Headquarters Customers Purchase & Wholesale Invent
Slide 13: Performance by Overseas Subsidiaries
Performance by Overseas Subsidiaries FRANCE THAILAND SINGAPORE CHINA MALAYSIA Number of stores at June. 30, 2016 11 7 3 0 5 -including FC stores- Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Period FY2017 FY 2016 FY2017 FY 2016 FY2017 FY 2016 FY2017 FY 2016 FY2017 FY 2016 Net sales (Million Yen) 1,526 1,904 54 103
Slide 14: Decrease in Consolidation Adjustments
Decrease in Consolidation Adjustments Consolidation Adjustments (Million Yen) Three months ended Three months ended June 30, 2016 June 30, 2015 Operating Income for segment total 11 1,083 Elimination of Intersegment transaction -108 -172 Inventories (Unearned income of subsidiary inventories, etc.)
Slide 15: Progress of New Store Openings
Progress of New Store Openings Location Owner of Store name Opening date (Prefecture) store 1 AUTOBACS OSAWANO Store Toyama FC April 23, 2016 2 AUTOBACS Used Car Purchase Store MATSUBARA Tokyo RC May 26, 2016 3 AUTOBACS SATOSHO Store Okayama FC June 24, 2016 4 AUTOBACS Used Car Purchase Store KOGANE
Slide 16: Expanding AUTOBACS Private Brand “AQ.”
Expanding AUTOBACS Private Brand “AQ. （AUTOBACS QUALITY.）” Interior mat of three dimensional shape Launched in May 2016 Leather style cushion Waterproof seat cover Launched in April 2016 Launched in July 2016 15
Slide 17: Initiatives for Boosting the Appeal of the Statutory Safety Inspection Service
Initiatives for Boosting the Appeal of the Statutory Safety Inspection Service Launched a new service called “Three Relief Star Compensation” in July 2016 Three compensation items are offered free of charge for one year to customers who have commissioned the Company to perform statutory safety inspe
Slide 18: Store Openings and Closings (Plan)
Store Openings and Closings (Plan) Domestic stores Fiscal year ending March 31, 2017 (Plan) No. of stores Q1 (result) No. of stores Q2 – Q4 (Plan) No. of stores as of March S/B・ as of June S/B・ as of March 31, 2016 New Close 30, 2016 New Close 31, 2017 R/L R/L AUTOBACS 498 +2 -1 499 +4 +1/-1 -1 502
Slide 19: Balance Sheet / Assets
Balance Sheet / Assets 183.0BY 178.5BY 203.8BY 180.4BY 174.2BY (Billion Yen) 38.5 Cash and deposits 41.1 35.1 37.0 37.1 Trade notes 32.0 and account receivables 20.1 20.7 19.6 10.3 20.6 Lease investment 9.7 assets 10.9 10.7 20.0 9.3 Inventories 17.4 17.7 17.2 16.5 Other current assets 18.6 20.3 28.8
Slide 20: Balance Sheet / Liabilities & Net Assets
Balance Sheet / Liabilities & Net Assets 183.0BY 178.5BY 203.8BY 180.4BY 174.2BY (Billion Yen) Trade notes & 33.9 accounts payable 13.8 13.8 ST borrowings and 3.5 14.4 2.6 13.4 corporate bond 2.2 2.4 Other ST liabilities 17.4 20.8 19.2 2.9 16.1 16.4 Bonds and LT debts 2.7 2.9 2.3 2.3 Other LT liabil
Slide 21: 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 — Q1 FY March 2017 Earnings Presentation on 6ix