Seiko Epson Corp. · TSE:6724
Seiko Epson — Q1 FY2014 Earnings Presentation
29 slides from Seiko Epson's earnings presentation, 2014
Slide 1: Epson 2014 Q1 Financial Results Presentation
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Slide 2: (croak Youn vom
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Slide 3: Summary of FY2014 Q1 results
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Slide 4: FY2014 Q1 results overview
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Slide 5: Consolidated results highlights
RANAITh (Fi B+MRA) [ce YOUR WHOM 20134F i (Fa) 10H % CRA ime FEL 2,220 - +242 +10.9% BRAT 9 8 4.4% +138 +143.1% SRE 73 3.3% +472 +643.6% RIMM 65 = 2.9% +482 +740.6% Pat MAAS 49 2.2% 465 18.9% +416 +835.2% 28.03 260.45 A ae AWE USD 98.76 102.16 LF leur Mpoee 140.07F3 4 * BRHRT. RLLSOCRL MS. RERAV-MEB
Slide 6: Results overview by segment
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Slide 7: Segment results overview
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Slide 8: Segment results overview
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Slide 9: Revenue trend by quarter
EPSON ,, POAT LUNAR DBRT AULA #000 bree WERM «+242 - 20ce i422] 3, f= 2,500 buy RS mmm §=+31 “ [Frames | 1,500 wisemmt =| +21 1,000 [neem | ~~ MEMIM +193 0 { -1 } { 47 } { -13 } (13 } [15 } | #2 RA- Bee 2013/10 2013/2Q 2013/3Q 2013/4Q 2014/1Q 2,220 2,493 -500
Slide 10: Sales by segment and product
Vv Vv @ POF MATL INES PRBS TAYE {aCtED YOUR vEBION (183) 2,200 2,000 1,825 2013/1Q 2014/10 Po. Mth Wi Bat +24 ae 3 Tae WM wll ea ~ PE LIRSEHE 13/1Q ‘14/10 PRJ 92% 92% tte 8% 8% | * WP:KBE IY ISU IEF IL. MRI YU S—AB ARE FEMME EY We «© +91/| © PPAF MIX LY * BS:SIDMIS St, POSBAi ELM Hem - roman Les Cer
Slide 11: Sales by region
POF HATE LIS PSN AMS RBBRLT AVL (8A) | 467 500 (CEE YOUR vebION * AIF BRASH memmi = +17 © AR hm At 0 ih i CK MAH LOO HE FB. EMAIL IT EVE blo AA: RE aI HES FEMS 100 ‘13/1Q '14/10) 7th 63% 57% +R 37% 43% LT AVEAAK 2013/1Q 2014/1Q 10
Slide 12: Gross margin trend
Q+RRTARU-MEBREB " dar) ; 639 719 751 29.7% 800-27, LMA) 25.7% 2013/10 2013/2Q 2013/3Q 2013/4Q 2014/1Q 11
Slide 13: Operating income trend
DOERR AMER PBRLT AVE XCEED YOUR veRioM 12 7) Ea 238 430 134 Eg 527 “ anaes 400 mmm +138 284 302 261 WE LAR KE +2 200 164 100 ttm 40 41 28 4 Wis Mae +2 : 2 — 7 = -20 -26 -27 -24 “17 AEOMINT AHR { -86 } { -37 } { -96 } { -123 } {91} __ | Sth Mee } 2013/10 2013/2Q 2013/30 2013/4Q 2014/10 * BRNG. RLCSPC
Slide 14: Profit trend
SRAMARSAAD MH EXCEED YOUR VeRO (Fa) PS {mits +51 Fi 1 ORM 200422235 : : 29° «EM Ith" -29 aAr EY +27 96 | 5 se rH ee 0 2013/1Q BBA ilieeel SRRMETALERUE ET ALB CMM AMTOLEI BAC SROMMOMI 13
Slide 15: Balance sheet indicators
MBKREHRS ERR BEB EPSON RESH CRE) 10,000 wen) ° i , ‘ i 2012/3% 2013/3% 2013/6% 2014/3% 2014/6% BARR BARR IFRS IFRS IFRS AA 2,000 , = I (8A) 5 i i i : 2012/3 2013/3% 2013/6 2014/37 2014/6 BARM BARR IFRS IFRS IFRS “4
Slide 16: Inventory and equity ratio
BUR at ASE BIA Bes (otis Your whom AAFAR- AAFARKEE 48 32. all 24.3% 2,000 2,718 2,695 (FR) — 2013/3 2013/6% 2014/3 2014/6 BABS IFRS IFRS IFRS REHOMAAIMRT OD RAMA AMR Lz (B2RA-BARALE) 39.9% Sk 33.3% 33.0% c 4,000 a _ 31.3% __ ay 2,000 3,623 (er) ; 2,567 2,616 B 2012/3 2013/3 2013/6% 2014/3 2014/6 BAE
Slide 17: FY2014 forecast
EPSON 2) 2014 E FiaP es 16
Slide 18: FY2014 forecast overview
20145 ERM 1B (EECHED FOUR WUOH 20134 RE HEA / RE en Rm % aut FB Paae me 10,084 - Tk 430% TTT 900 aos 850 Bax 121% 48.2% Mee Fz 7.9% 1,040 10.3% +50.8% 15.4% or UE ps4 7.7% 1,030 10.2% +526% 155% 45 WAR 8.4% 800 7.9% “184% +250% 447.20 A 100.00 4 A ANEBSROAALOSMEBM) 135.00 7 * WRAR. ALRSOCRL MS. RERR
Slide 19: FY2014 forecast by segment
20145 ERM BORE (MEF BLE) EPSON icetD YOUN ION B2O+MURO RMP BU FORMER AG FAVILIYAIVYI—BRAL, RM ABO AF ARIE PAIX At, MMAR BRABERKOLOO, KEBAB TCOR—L:FP{AMITHAO HARE REBYATS &VAIOAFNAZBRCS, LHAD-RFBOMAL BSE RYI AS + # 4,800 5,030 240 380 F 5,300 5,370 610 540 i #8 =©10,100 10,400 850 920 % POEMS > BAize
Slide 20: FY2014 forecast revenue and operating income
201457 RAY 18 (FELINE) PBT AVE Al der) [SM FREI (OF) EM FEL 10,084 10,100 | 10.400 Rime 4,800 GEG) 5.300 Ea 10,500 e000 tv t— ERAS 6, wWemmt +58 -_ mera +30 | mn, | [Farameae | 6.500 MER = +32 MEFB +70! 3.000 4500 (mine) 2.500 Wise A +287 MEFM +200! 000 00 o vm OS fer esol von 32) Ge) C20} (20) 19 F
Slide 21: Forecast by segment: sales
BRATLINM PS PARP BRBBELTAYE EPSON om [ 9M Hii (eF)/ ENA FRR PO. Zt 7 4,000 EER) 4.500 Bray WF MA 66 Wer eit +30 Czayv waaiy7—Yay Wise MALE +105 MEF Bt +50 8,412 8,500 9,000 7,000 5,000 a (a? | 1500 WISER RA EL +253 WBF Bit +130 1,000 LFAVEARE ae 1,000 FY2013 FY2014 FY2014 1H 1H 2H 2H 5) (2 B a F Rh
Slide 22: Forecast by segment
PRANRLMAP BPAY TAD IL AT LBR EPSON (18F3) FY2013 -FY2014 «—-FY2014 RA WHFS SOFB (8) | A-STU4— 3070 ERE 300 EE 21
Slide 23: Forecast by segment
1300 22 1.487 1,450 RE Wise aD MA +39 MEF Bit +20 Wise Bt : ME wt +50 | BF ALE FY2013 FY2014 FY2014 RA WEFS SOFB 22
Slide 24: Forecast by segment
BSAALIMA PB PIF NARS 23 (FR) FY2013-FY2014 «—-FY2014 RH WETS SOrB 82 32 8 #9 38 23
Slide 25: FY2014 forecast by segment
2014 RMF (BRAM) DBRT AEG EPSON (oF) | A (8Fa) 20 oo EN Wi) Mate +11 MEF ett +10 WSF MALE +52 MEF Bt +60 Wis MA 0 Mar Bt +10 (8) (00) (G00} —[sttmm-mem | (210) (210) (470) (00) a FY2013 FY2014 FY2014 ” 1H 4H 2H 2H » Sh MEF2 sare pe 39 Ha 39
Slide 26: Capex, depreciation and R&D
Be ii TE» HL AT ABR EN BF 7B EPSON © ITH ery) «RRO 520 500 450 411 389 376 «= 44393 7g 407 318 0 FY2010 FY2011 FY2012 FY2013 FY2014 ake BARR ake IFRS IFRS RH Fa [eres] rome Frere BARR RE RAR AERO 268 273 360 320 Aaa FAAMERS 60 76 90 80 ty +-e Rae 8 7 20 10 FOG SHRM 20 49 50 40 25 25
Slide 27: Free cash flow
W—Avyyazvo— FB EPSON (8F) (5 B224r9a70—- RR¢r97370— J ¥497370— 1,148 4,180 FY2010 FY2011 FY2012 FY2013 Fy2014 BARS BASH BARR IFRS IFRS RH FB 26
Slide 28: Profitability indicators ROA, ROS, ROE
EGREBRO EB ECEED WOUN wEHON, 27 (%) 30.0 20.0 10.0 0.0 -10.0 ~O- ROA: (IFRS) (IFRS) (IFRS) 3.7 37 3.4 (BABS) RRR TH) RESHERHLE PRAHA“ RASUH (FR) (SASS) MRL -e-ROS ALCSERHRE WANE Aiws ~o- ROE: [BFE*) SMRNR/ SCRA) RAUHABARGH SB SS BALORNAI MET SSMS SRAROKA DRT SAD (FR) 27.7 24.6 10.2 FY2010 BARR Fy201
Slide 29: Exceed Your Vision
EPSON EXCEED YOUR VISION 28