SCREEN Holdings Co., Ltd · TSE:7735
SCREEN — Dainippon Screen Mfg. — FY2013 Earnings Presentation
22 slides from SCREEN's earnings presentation, May 10, 2013
Slide 1: Business Results & Forecast, Fiscal Year Ended March 31, 2013
DAINIPPON DAINIPPON SCREEN SCREEN MFG. MFG. CO., CO., LTD. LTD. Business Business Results Results && Forecast Forecast Fiscal Fiscal Year Year Ended Ended March March 31, 31, 2013 2013 President President&&COO COOMasahiro MasahiroHashimoto Hashimoto May May10, 22013 10, 013 Agenda • FY2013 Business
Slide 2: Business Results
Business Business Results Results Fiscal Fiscal Year Year Ended Ended March March 31, 31, 2013 2013 1
Slide 3: FY2013 Business Results (consolidated)
FY2013 Business Results (consolidated) FY2012 FY2013 Result Result Forecast (Feb. 8） （Unit：Billions of JPY） Full 1Q ２Q 3Q ４Q Full Y/Y Net Sales 250.0 46.7 49.0 29.8 64.2 189.9 (60.1) 190.0 SE 167.5 34.7 33.7 18.4 44.0 131.0 (36.5) 130.0 FE 32.6 1.9 2.6 2.1 5.1 11.7 (20.8) 12.0 MP 49.1 9.9 12.5 9.0 1
Slide 4: FY2013 Business Result (over the previous Q)
FY2013 Business Result (over the previous Q) Net Net Sales Sales 4Q JPY 64.2bn. / 3Q JPY 29.8bn. (Differential : JPY34.3bn. Increase) (Unit : Billions of JPY) Segment 4Q 3Q Diff. Point Both of sales of cleaning equipment and coater/developers SE 44.0 18.4 25.6 substantially increased. By region, sal
Slide 5: Quarterly Net Sales and Operating Income (Consolidated)
Quarterly Net Sales and Operating Income (Consolidated) Net Sales SE FE MP Other Operating Income (right) OP 90 20 13.5 14.6 7.5 8.1 10 6.3 10.3 60 4.6 9.0 11.0 6.2 7.7 13.0 3.8 14.7 12.8 6.1 3.5 2.6 10.3 5.1 2.7 10.6 0.6 5.1 12.8 (1.7) (1.7) 0 9.2 9.3 9.9 12.5 8.2 1.9 6.6 10.4 2.6 (6.9) 30 55.4 54.
Slide 6: Quarterly Orders Received and Order Backlog (Consolidated)
Quarterly Orders Received and Order Backlog (Consolidated) SE FE MP Other Order Backlog (right) Order Received Order Backlog 100 120.0 107.6 104.1 102.2 97.9 75 96.0 91.7 13.0 80.3 11.1 10.7 84.4 10.7 9.4 73.8 80.0 5.1 8.6 60.7 12.9 12.1 62.1 55.2 50 12.3 6.4 2.0 58.1 11.2 13.4 6.1 11.1 1.1 10.8 10.
Slide 7: Semiconductor Production Equipment: 4Q Order Received
Semiconductor Production Equipment Quarterly Order Received Ratio by Device Application (Nonconsolidated) 4Q Order 4Q Order received received :: JPY JPY 35.0 35.0 bn. bn. (consolidated) (consolidated) 100% Other Logic 7% Memory 50% DRAM: 7% 15% Flash: 8% Foundry 68％ Imaging Device 0% 0/4Q 1/1Q 1/
Slide 8: FPD Production Equipment: Quarterly Orders Received by Generation
FPD Production Equipment Quarterly Orders Received by Generation (Nonconsolidated) 4Q order 4Q orderreceived received ::JPY JPY2.3 2.3bn. bn.(consolidated) (consolidated) 100% Over G8 G7 G6 50% G5 G4 Under G3 Other 0% /4Q /1Q /2 Q /3 Q /4Q /1Q /2Q /3 Q /4Q /1Q /2 Q /3 Q /4Q 10 11 11 11 11 12 12 1
Slide 9: Trend in B/S (consolidated)
Trend in B/S (consolidated) Cash & time deposits Notes & accounts payable Assets Notes & accounts receivable Liabilities & Net Assets Interest-bearing debt Inventories Other current liabilities （Unit: Billions of JPY） （Unit: Billions of JPY） Other current asset Other noncurrent liabilities Property,
Slide 10: Consolidated Cash Flows
Consolidated Cash Flows Free Free Cash Cash Flow Flow :: JPY JPY ((21.0)bn. 21.0)bn. (Unit : Billions of JPY) Operating CF Investing CF Financing CF 40.0 34.0 34.2 30.0 25.1 21.5 20.0 11.2 10.0 6.8 0.0 (10.0) (2.1) (4.1) (6.9) (5.7) (9.4) (20.0) (15.3) (30.0) (24.5) (22.2) (27.1) (40.0) FY2009 FY201
Slide 11: Interest-bearing Debt (Consolidated)
Interest-bearing Debt (Consolidated) (Unit: Billions of JPY) Interest-bearing Debt Cash and Time Deposits Net interest-bearing debt 140.0 131.0 122.7 120.0 111.1 102.5 96.3 100.0 80.7 77.2 75.3 76.9 80.0 74.9 75.2 76.6 72.4 71.9 71.6 69.7 69.4 70.4 56.9 57.3 60.0 53.555.5 54.6 53.4 45.2 50.2 50.3 53
Slide 12: Business Area
Business Business Area Area 11
Slide 13: Business Environment: SE Quarterly Sales & O/P
Business Environment <SE> Quarterly Sales & O/P SE Billions of JPY 60.0 6.0 Net sales(left) 4Q 4Q 50.0 3.7 OP(right) 1.9 4.0 40.0 2.0 • Sales to Taiwan and USA were leading. 54.2 (0.6) 30.0 0.0 • Orders received exceeded our assumptions, 44.0 (2.0) 20.0 34.7 (2.0) resulting in the increase compared
Slide 14: Business Environment: FE Quarterly Sales & O/P
Business Environment <FE> Quarterly Sales & O/P FE Billions of JPY 1.0 10.0 Net sales(left) OP(right) 0.4 4Q 4Q 8.0 0.5 7.7 0.0 6.0 (0.3) (0.2) • Sales to Japan increased. 4.0 (0.6) (0.6) 5.1 (0.5) • The effects of reducing variable costs were realized. 2.0 2.6 (1.0) 2.1 • A review of basic design,
Slide 15: Business Environment: MP Quarterly Sales & O/P
Business Environment MP <MP> Quarterly Sales & O/P Billions of JPY 18.0 1.5 1.4 4Q 4Q 16.0 1.2 Net sales(let) 1.0 OP(right) 1.0 14.0 14.6 12.0 14.7 12.5 • Sales in Europe remained flat due to the economic 10.0 0.5 8.0 slowdown, covered by domestic sales. 6.0 9.9 9.0 0.0 (0.3) • Sales in China was sl
Slide 16: Progress of Approaches for Earnings Recovery
Progress Progress of of Approaches Approaches for for Earnings Earnings Recovery Recovery 15
Slide 17: Progress of Approaches for Earnings Recovery
Progress of Approaches for Earnings Recovery Reconstitution for Earnings Structure : Toward the constitution to become profitable even with sales below JPY 190 billion Fixed costs : Cut by JPY 4.2 bn. (FY13 Result) + JPY 1.6 bn. (FY14 Forecast) Variable costs : Improvement in variable cost ratio in
Slide 18: Building a Foundation for New Growth
Progress of Approaches for Earnings Recovery Building a Foundation for New Growth New Field • The area of vacuum deposition equipment • Development of application for image processing technology/printing technology New Product • (SE) Expansion of Frontier-Market : ZI-2000 (Appearance inspection sy
Slide 19: Business Forecast, Fiscal Year Ending March 31, 2014
Business Business Forecast Forecast Fiscal Fiscal Year Year Ending Ending March March 31, 31, 2014 2014 18
Slide 20: A Change in Standard for Revenue Recognition
A Change in Standard for Revenue Recognition 1. Content: (Before the change) Based on delivery of the equipment (After the change) Based on completed installation of the equipment 2. When to start: From the beginning of FY2014 3. Target: Sales of main unit of Semiconductor equipment (SE) and FPD equ
Slide 21: Business Forecast for FY2014
Business Forecast for FY2014 Rate: USD1= 90 yen, EUR1= 120 yen (Unit : Billions of JPY) FY2013 FY2014 Result Forecast (Delivery） Forecast (Cmpltd. Installation） 1st H 2nd H Full 1st H 2nd H Full 1st H 2nd H Full Net Sales 95.8 94.0 189.9 95.0 109.0 204.0 102.0 102.0 204.0 SE 68.5 62.5 131.0 59.5 71.
Slide 22: SCREEN
SCREEN