Unipres Corporation · TSE:5949

Unipres — Q1 FY2019 Earnings Presentation

23 slides from Unipres's earnings presentation, 2019

  1. Slide 1: FY2019 1st Quarter Financial Results

    FY2019 1st Quarter Financial Results

  2. Slide 2: FY2019 1Q Financial Results / Forecast of FY2019

    FY2019 1Q Financial Results Forecast of FY2019 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2

  3. Slide 3: FY2019 1Q Financial Results

    FY2019 1Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3

  4. Slide 4: Key Highlights for Q1, FY2019 (consolidated-basis)

    Key Highlights for Q1, FY2019 (consolidated-basis) １. Net sales decreased due to production reduction by customer and Forex impact. ２. Operating profit decreased mainly as a result of production reduction by customer. Copyright© UNIPRES CORPORATION, All Rights Reserved. 4

  5. Slide 5: Summary of Q1, FY2019

    Summary of Q1, FY2019 Transition in business results 10 100 Net sales 80.0 Operating profit (billion yen) 78.7 72.1 Net Sales (billion yen Operating profit 5 50 6.3 4.3 1.2 ） 0 0 0 1Q, FY2017 1Q, FY2018(A) 1Q, FY2019(B) (B) – (A) Net sales 80.0 78.7 72.1 -6.6 Operating profit 6.3 4.3 1.2 -3.1 Ordina

  6. Slide 6: Consolidated Sales by Product Group

    Consolidated Sales by Product Group (billion yen) 1Q, FY2018 1Q, FY2019 Variance Variance % % % Sales Sales Car body press products 65.0 82.6% 60.9 84.5% -4.1 +1.9% Transmission products 12.1 15.3% 9.8 13.6% -2.3 -1.7% Plastic 1.0 1.3% 0.9 1.2% -0.1 -0.1% products Other 0.6 0.8% 0.5 0.7% -0.1 -0.1%

  7. Slide 7: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 1Q, FY2018 1Q, FY2019 Variance Sales % Sales % Nissan Motor-related products Sub-total 64.9 82.4% 60.4 83.8% +1.4% Dongfeng Motor Company Limited. 12.5 15.9% 12.4 17.2% +1.3% Nissan North America 8.9 11.3% 10.4 14.5% +3.2% Nissan Motor 10.6 13.5% 9.8 13.6

  8. Slide 8: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 1Q, FY2018 1Q, FY2019 Variance Sales % Sales % Other customers Sub-total 13.9 17.6% 11.7 16.2% -1.4% Incl.) Honda of America Mfg., Inc. 1.6 2.0% 1.7 2.4% +0.4% Honda Honda of The U.K. Manufacturing Ltd. 1.5 1.9% 1.2 1.7% -0.2% Honda De Mexico, S.A. De C.V

  9. Slide 9: Operating Profit Variance Analysis

    Operating Profit Variance Analysis （億円） (billion yen) 6 ※Exchange gain or loss:0 ※Consolidation adjustment:0 4 -3.2 2 4.3 -0.3 -0.1 0.1 -0.2 -0.2 0.8 1.2 0 Others SG&A model mix etc. Volume fluctuation, amortization Depreciation/ reinforcement Production parts new car model Initial cost for Cost sav

  10. Slide 10: Sales & Operating Profit by Region (Japan)

    Sales & Operating Profit by Region (Japan) （億円） (billion yen) Net sales （億円） (billion yen) Operating profit 30 3 2 20 2.3 1 1.7 25.6 24.8 10 20.8 0 -0.4 0 -1 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 1Q 1Q 1Q 1Q 1Q 1Q ※ Sales declined by 16.1%, mainly due to customers’ reduced production etc. ※ Oper

  11. Slide 11: Sales & Operating Profit by Region (The Americas)

    Sales & Operating Profit by Region (The Americas) （億円） (billion yen) Net sales （億円） (billion yen) Operating profit 40 2 30 1.5 20 1 1.7 26.8 24.9 23.5 10 0.5 0.3 0.3 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 1Q 1Q 1Q 1Q 1Q 1Q ※ Sales rose by 6.0% because of sales increase of dies and equipment e

  12. Slide 12: Sales & Operating Profit by Region (Europe)

    Sales & Operating Profit by Region (Europe) （億円） (billion yen) Net sales （億円） (billion yen) Operating profit 15 1 0.5 10 0.5 0 -0.1 5 9.7 [値].0 -0.6 7.8 -0.5 0 -1 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 1Q 1Q 1Q 1Q 1Q 1Q ※ Sales decreased by 22.0% due to production reduction by customer and Forex

  13. Slide 13: Sales & Operating Profit by Region (Asia)

    Sales & Operating Profit by Region (Asia) （億円） (billion yen) Net sales （億円） (billion yen) Operating profit 30 3 20 2 10 20.4 2.2 18.5 1 17.8 1.7 1.8 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 1Q 1Q 1Q 1Q 1Q 1Q ※ Sales dropped by 9.3% because of Forex impact etc. ※ Operating profit rose by 5.9 % a

  14. Slide 14: Capital Investment

    Capital Investment (billion yen) 40 国内実績business result Domestic Annual 海外実績business result Overseas plan 31.2 (32.0) 30 23.2 11.8 20.0 20 9.2 6.9 10 9.2 19.4 13.1 14.0 5.2 4.0 0 FY2016 2016年度 FY2017 2017年度 FY2018 2018年度 1Q, FY2019 2019年度 Copyright© UNIPRES CORPORATION, All Rights Reserved. 14

  15. Slide 15: Capital Investment & Depreciation/Amortization

    Capital Investment & Depreciation/Amortization (billion yen) 40 Annual Depreciation and amortization plan Capital investment (32.0) 30 Annual plan (20.0) 20 31.2 23.2 10 18.3 20.0 18.6 18.4 9.2 4.6 0 FY2016 FY2017 FY2018 FY2019 1Q, FY2019 ※ Both capital investment and depreciation and amortization h

  16. Slide 16: Cash Flows

    Cash Flows (billion yen) 15 Cash flow from operating activities 営業活動キャッシュ・フロー 投資活動キャッシュ・フロー Cash flow from investing activities フリー・キャッシュ・フロー Free cash flow 10 5 1.9 1.2 8.4 9.3 6.3 6.1 5.9 4.9 3.7 4.4 4.8 2.0 0 -1.3 -2.5 -7.3 -5 -10 FY2015 FY2016 FY2017 FY2018 FY2019 1Q 1Q 1Q 1Q 1Q ※ Free cash flow

  17. Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance

    (billion yen) Interest-bearing Debt & Net Interest-bearing Debt Balance 40 Long-term loans payable Interest-bearing debt balance Short-term loans payable Net interest-bearing debt balance 30.3 30 6.2 22.4 1.8 19.4 20 1.8 13.1 13.1 24.1 1.3 0.8 10 20.6 17.6 11.8 12.3 2.8 0 End-March, End-March, End-M

  18. Slide 18: Forecast of FY2019

    Forecast of FY2019 Copyright© UNIPRES CORPORATION, All Rights Reserved. 18

  19. Slide 19: 2019 Consolidated Business Plan Highlights

    2019 Consolidated Business Plan Highlights 1. Net sales forecast to decline mainly due to customers’ production decreased and Forex impact. 2. Operating profit forecast to decrease due to sales decline. 3. Large capital investment planned mainly for enhancing production capacity. Copyright© UNIPRES

  20. Slide 20: Consolidated Business Plan for FY2019

    Consolidated Business Plan for FY2019 Financial performance 売 Net sales (billion yen) 40 400 330.9 Net sales 327.8 上 Operating profit (billion yen) 295.0 高 30 Operating profit 300 （ 億 営 円 業 20 200 ） 利 益 （ 26.0 億 10 20.1 100 円 15.5 ） 00 0 FY2017 FY2018（A） FY2019 forecast（B） （B）-（A） Net sales 330.9 32

  21. Slide 21: Copyright© UNIPRES CORPORATION, All Rights Reserved.

    Copyright© UNIPRES CORPORATION, All Rights Reserved. 21

  22. Slide 22: Reference: Exchange rates

    Exchange rate Reference （yen） 1Q, FY2018 1Q, FY2019 Preconditions Average for Average for of the period term end the period term end FY2019 plan US $ 109.53 110.54 109.66 107.75 110.00 STG ￡ 150.76 148.87 145.19 144.99 145.00 EURO 132.33 130.58 125.28 124.56 124.00 MEX $ 5.78 5.85 5.75 5.74 5.70 RMB

  23. Slide 23: Precautions for treatment of material

    Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain

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