Mirait One Corporation · TSE:1417
Mirait One — MIRAIT Holdings — H1 FYE March 2021 Earnings Presentation
30 slides from Mirait One's earnings presentation, December 2020
Slide 1: Presentation Materials (Appendix)
Presentation Materials (Appendix) December, 2020 MIRAIT Holdings Corporation
Slide 2: Table of Contents
Table of Contents 1. Overview of MIRAIT Holdings ･･･ ２ 2. Historical Performance ･･･ ３－ ４ 3. Financial Overview for the Six Months Ended September 30, 2020 ･･･ ５ 4. Orders Received and Net Sales by Business Category ･･･ ６ 5. NTT Business ･･･ ７－ ８ 6. Multi-carrier Business ･･･ ９－１０ 7. Environmental &
Slide 3: Overview of MIRAIT Holdings
1. Overview of MIRAIT Holdings (As of September 30, 2020) Established October 1, 2010 Location 5-6-36 Toyosu, Koto-ku, Tokyo President (CEO) Toshiki Nakayama Stock listing 1st Section of the Tokyo Stock Exchange (Code: 1417) Telecommunications engineering work, electrical work, civil engineering wor
Slide 4: Historical Performance
2. Historical Performance (Unit: bil. yen) (Unit: bil. yen) 450 30 300 20 150 10 0 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 2017.3 2018.3 2019.3 2020.3 0 Net sales (LHS) 246.6 236.0 271.0 277.7 283.7 269.5 283.2 312.9 375.9 441.1 Operating income (RHS) 4.9 5.2 10.8 11.4 14.1 6.1 10.0 16.7 20.6 21.9
Slide 5: Historical Performance
2. Historical Performance ※（ ） indicates results for the MIRAIT Group (Mirait, Mirait Technologies and Lantrovision(S) Ltd.) excluding the impact from the merged companies. FYE March 2021 Unit: bil. yen FYE March 2017 FYE March 2018 FYE March 2019 FYE March 2020 (Forecast) 392.6 446.5 Orders receive
Slide 6: Financial Overview for the Six Months Ended September 30, 2020
3. Financial Overview for the Six Months Ended September 30, 2020 FYE March 2020 FYE March 2021 Units: bil. yen YoY Change Full-year Q2 actual results Q2 actual results Amount % Forecast Orders received 222.6 229.1 + 6.5 450.0 Net sales 182.9 191.7 + 8.8 445.0 Gross profit 19.5 （10.7％） 21.4 （11.2％）
Slide 7: Orders Received and Net Sales by Business Category
4. Orders Received and Net Sales by Business Category FYE March 2020 FYE March 2021 FYE March 2020 FYE March 2021 Orders received Q2 actual results Q2 actual results Full-year Results Full-year Forecast Units: bil. Yen Percentage YoY Change Progress Progress (a) (b) change (c) (d) (b)－(a) (a)／(c) (b
Slide 8: NTT Business
5. NTT Business Construction, maintenance and operation of fixed communication facilities of NTT. Centered on the Greater Tokyo and Kansai regions. （ Net sales ） Business where the most synergies can be achieved through management integration （Unit: bil. yen） 156.3 155.0 ●Disaster recovery support
Slide 9: Advanced wireless environment business
Capital investments by NTT East and NTT West Advanced wireless environment business （Unit: bil. yen） Business to support telecommunication carriers to extend optical fiber lines to wireless stations in geographically challenging locations using subsidies, in order to create the advanced wireless env
Slide 10: Multi-carrier Business
6. Multi-carrier Business Nationwide works on construction, maintenance and operation of communications facilities of all mobile carriers. Fixed communication equipment for NCCs, CATV work, global business. （ Net sales ） Leverage group synergies to support the building of Rakuten Mobile’s infras
Slide 11: Capital investments by the three major mobile carriers
Capital investments by the three major mobile carriers （Unit: bil. yen） Rapid expansion of 5G coverage area Docomo KDDI Soft Bank RAKUTEN No of 5G base stations Docomo Achieve 3 times or more base stations vs. 8.3 Unpublished 187.1 (accelerate plan by more than 20%) 3.3 KDDI 381.6 400.0 SoftBank 369
Slide 12: Environmental & Social Innovation Business
7. Environmental & Social Innovation Business Offering comprehensive solutions for the construction and maintenance of environmental/ new energy-related facilities, social infrastructure, electrical/ air conditioning facilities, etc. （ Net sales ） （ Breakdown of net sales ） Electric, air condition
Slide 13: Initiatives for underground power line projects
Initiatives for underground power line projects Project in Ponto-cho, Kyoto to lay power lines underground; adopted various new construction methods for work in narrow roads. 【Key features】 ・Use of large construction machinery difficult due to requirement to preserve landscape ・New methods adopted t
Slide 14: ICT Solution Business
8. ICT Solution Business Support to create ICT infrastructure such as cloud, office solutions, Wi-Fi and broadcasting networks. （ Net sales ） （ Breakdown of net sales ） Broadcasting Goods Sales, Other LAN・PBX Software Stock Business Wi-Fi （Unit: bil. yen） 131.0 （Unit: bil. yen） 131.0 120.8 120.8 9
Slide 15: Initiatives in global business
Initiatives in global business Net sales target for Group: 20.2 bil. yen （of which ICT (Lantrovision): approx. 15.6 bil. yen, multi-carrier: approx. 4.6 bil. yen) Business environment/ strategy at Lantrovision Lantrovision Net sales forecast: 15.6 bil. yen ・Mixed impact of COVID-19 by country Global
Slide 16: Initiatives in datacenter business
Initiatives in datacenter business Expanding services using know-how accumulated through the operation of own DC Operation of own DC and Rental DC 6/2018: Launched operations at Osaka No 1. Datacenter 5/2019: All floors occupied and running at full capacity Know-how from Own DC 4/2020 Launch of lea
Slide 17: Initiatives in drone business
Initiatives in drone business Providing a breadth of services targeting areas such as facility inspection, measurement, agriculture and disaster recovery, leveraging alliances with other companies ⇒Established “Miratec Drone Corp.” on July 1, 2020 ①Human resources/ locations ・Approx. 600 pilots were
Slide 18: Initiatives in New Domains/Products (Teleworking Solution)
Initiatives in New Domains/ Products (Teleworking Solution) ・Teleworking solutions do not just simply promote “work-life-balance”, but also allow for work to be done remotely in case of contingencies such as disasters. ・The MIRAIT Group will leverage its knowhow to provide the best teleworking solut
Slide 19: MIRAIT Group's initiatives for "mirai = the future"
MIRAIT Group’s initiatives for “mirai = the future” ■ Workstyle/ health monitoring condition reporting system “ C O N R E P O ” Smartphone PC ・Input, aggregation and management of employee working arrangements and health conditions Employee ・No app required; access by PC/ smartphone ・Input screen an
Slide 20: ESG Initiatives: Environment
9. ESG Initiatives E Environment ・Contribute to penetration of renewable energy MW ⇒Solar power EPC business 400 363 349 ・ Contribute to penetration of new energy 300 ⇒EV chargers ⇒Rechargeable battery system 212 200 163 0 2015 2016 2017 2018 2019 Rechargeable battery EV chargers Mirait’s track reco
Slide 21: S Society
S Society ・Contribute to the local society ⇒Building of infrastructure （construction work for telecommunications networks, surveillance cameras, highways, water utility networks, etc.） ⇒Early rebuilding of infrastructure following major disasters such as typhoon and earthquakes. Rebuilding of utilit
Slide 22: G Governance
G Governance ・Strengthen corporate governance ⇒Establish and manage internal control system ⇒Issues handled by Compliance Committee and Risk Management Committee ⇒Self-assessment of effectiveness of Board of Directors ⇒Nomination and Compensation Committee chaired by outside director（12/2018） ⇒Adopt
Slide 23: Changes in the Market Environment for the Mobile Business
10. Changes in the Market Environment for the Mobile Business ～ FY2019 FY2020 FY2021～ Era name Olympic / General RWC Osaka Expo change ▲TOB【docomo】 Paralympic Games 【5 G】 【5 G expansion】 Telecommunication LTE-Advanced Ultra high-speed⇒max 10Gbps（100X 4G） method 【4G】 Multiple concurrent connections⇒1
Slide 24: Supplementary Financial Information: Assets, Liabilities and Net Assets
11. Supplementary Financial Information (1) Assets, Liabilities and Net Assets Balance Sheet as of March 31, 2020 Balance Sheet as of September 30, 2020 (Unit: bil. yen) (Unit: bil. yen) Liabilities 133.4 Liabilities Accounts payable for construction 98.4 contracts: and others 58.7 Accounts payable
Slide 25: Changes in Cash Position
(2) Changes in Cash Position Cash Flows FYE March FYE March FYE March FYE March FYE March FYE March Units: bil. yen 2017 2018 2019 2020 2020 Q2 2021 Q2 Operating cash flow 4.7 12.5 6.4 7.9 19.3 27.4 Investment cash flow - 11.1 - 10.0 - 13.5 - 9.1 - 5.5 - 0.6 Financial cash flow 10.4 - 3.6 - 1.9 - 2.
Slide 26: Key Performance Indicators
(3) Key Performance Indicators Capital Expenditure / Depreciation and Amortization FYE March FYE March FYE March FYE March FYE March Unit: bil. yen 2017 2018 2019 2020 2021 (Forecast) Capital expenditure 4.6 12.6 19.3 9.1 7.2 Depreciation and 2.8 3.0 4.0 5.8 4.7 amortization (Note) FYE 3/2021 (Forec
Slide 27: Shareholder Return and Shares Outstanding
(4) Shareholder Return and Shares Outstanding Shareholder Return Indicators FYE March FYE March FYE March FYE March FYE March 2017 2018 2019 2020 2021 (Forecast) 13.5% Dividend payout ratio 37.6% 24.1% 26.7% 29.5% （23.6%） 13.5% Total return ratio 76.6% 24.1% 95.4% 89.2％ （23.6%） (Note) FYE 3/2019 fig
Slide 28: Major Shareholders
12. Major Shareholders (As of September 30, 2020) Number of Shareholding Shareholder Shares Held Ratio Shareholder Composition (thousands) (%) Custody Bank of Japan, Ltd. (Trust Account) 10,556 9.7 Treasury stock 0.4% Sumitomo Electric Industries, Ltd. 9,560 8.8 The Master Trust Bank of Japan, Ltd(T
Slide 29: Share Price
13. Share Price (Since establishment of MIRAIT Holdings on October 1, 2010) ■Performance of MIRAIT compared to major indices (Closing price) 280% TOPIX N225 MIRAIT September.26, 2018 Closing price on 1,970 yen (highest) November 30, 2020 1,565 yen 180% Oct.1, 2010 80% 553 yen (listed) -20% 2010/10/1
Slide 30: Precautionary Statement
Precautionary Statement Statements and quotes relevant to the forecasted values in this handout are the future prospects based on the plans and prospects of the Company at this point in time. The actual business results could be significantly different from those stated in this handout due to change
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