Ebara Corporation · TSE:6361
Ebara — Q2 2017 Earnings Presentation
26 slides from Ebara's earnings presentation, Nov 13, 2017
Slide 1: Results Presentation for the 2nd Quarter ended September 30, 2017
Results Presentation for the 2nd Quarter ended September 30, 2017 EBARA (6361) November 13, 2017
Slide 2: Change in Accounting Period
1. Summary of Results Change in Accounting Period ✓ Change our company’s accounting period and consolidated accounting period from the end of March to the end of December with approval in the shareholder meeting on June 23, 2017 ✓ Our company and consolidated subsidiaries whose accounting period is
Slide 3: Summary of Results through the 2nd Quarter
1. Summary of Results Summary of Results through the 2nd Quarter (six months ended September 30, 2017) (unit：¥bn) 2nd Quarter ended 2nd Quarter ended Change September 30, 2016 September 30, 2017 Orders 224.1 241.9 +17.8 Net Sales 191.9 206.7 +14.8 Operating Income 2.6 5.1 +2.4 Ordinary Income -0.2 3
Slide 4: Segmental Summary of Results through the 2nd Quarter
1. Summary of Results Segmental Summary of Results through the 2nd Quarter Orders Net Sales Operating Income 2Q ended 2Q ended 2Q ended 2Q ended 2Q ended 2Q ended Sep. 30, Sep. 30, Change Sep. 30, Sep. 30, Change Sep. 30, Sep. 30, Change 2016 2017 2016 2017 2016 2017 FMS Business 131.9 148.2 +16.2 1
Slide 5: FMS Results through the 2nd Quarter
1. Summary of Results FMS Results through the 2nd Quarter FMS Business 【Orders】 Orders FY ended FY ending ✓ In the pumps business, standard pumps have increased March 31, 2017 December 31, 2017 results results 288.5 both in Japan and overseas 205.8 ✓ In the compressors & turbines business, delay of
Slide 6: EP Results through the 2nd Quarter
1. Summary of Results EP Results through the 2nd Quarter EP Business Orders FY ended FY ending 【Orders】 March 31, 2017 December 31, 2017 results results ✓ Progressed as usual in the first half 64.6 49.2 33.3 35.1 22.0 23.3 【Sales, Operating Income】 ✓ Sales and profit decreased in Japan 1Q 2Q 3Q Full
Slide 7: PM Results through the 2nd Quarter
1. Summary of Results PM Results through the 2nd Quarter PM Business 【Orders】 Orders FY ended FY ending ✓ Customers’ motivation for capital investment stays strong March 31, 2017 December 31, 2017 results 123.1 results 【Sales】 84.4 ✓ Increased in both the CMP and the components businesses 58.0 57.8
Slide 8: Sales Composition by Region
1. Summary of Results Sales Composition by Region Others North Others North America America 6.6 5.4 16.2 3.5% 17.7 2.7% 8.4% Japan 8.6% Japan Europe 14.5 Europe 15.0 7.6% 7.3% 2Q ended 9.1 2Q ended 7.6 90.6 Sep. 30, 2016 4.4% Sep. 30, 2017 Middle 4.0% 90.3 Middle 43.8% 47.1% East East Sales Sales ¥1
Slide 9: Balance Sheet for the 2nd Quarter ended September 30, 2017
1. Summary of Results Balance Sheet for the 2nd Quarter ended September 30, 2017 As of As of As of As of March September Change March September Change 31, 2017 30, 2017 31, 2017 30, 2017 Current Assets 423.4 413.5 - 9.8 Liabilities 310.9 299.8 - 11.1 Cash and deposits, Notes and accounts 92.8 134.2
Slide 10: Financial Information for Fiscal Year ending December 31, 2017
1. Summary of Results Financial Information for Fiscal Year ending December 31, 2017 Manegement Indicators FY ended FY ended Mar. 31, Mar. 31, 2016 2017 Results Results ROIC 4.8% 5.6% ROE 7.2% 8.0% Debt/equity ratio 0.50 0.36 Cash Flows FY ended FY ended FY ending 2Q ended 2Q ended Mar. 31, Mar. 31,
Slide 11: Capital Expenditures, Depreciation and Amortization, R&D Expenses
1. Summary of Results Financial Information for Fiscal Year ending December 31, 2017 Capital Expenditures, Depreciation and Amortization, R&D Expenses FY ended FY ended FY ending 2Q ended 2Q ended Mar. 31, Mar. 31, Dec. 31, Sep. 30, Sep. 30, 2016 2017 2017 2016 2017 Results Results Plan Results Resu
Slide 12: Projection and Management Strategy
( Blank ) Results Presentation for the 2nd Quarter ended September 30, 2017
Slide 13: Summary of Projection (FY ending December 31, 2017)
2. Projection and Management Strategy Summary of Projection (FY ending December 31, 2017: 9 month) [Reference]* FY ended FY ending FY ending Change Change Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2017 (from Plan) (Year-on-year) (Results) (Initial plan) (Forecast) (A) (B) (C) (C-B) (C-A) Orders 385.4 404
Slide 14: Summary of Projection by Segment
2. Projection and Management Strategy Summary of Projection (FY ending December 31, 2017: 9 month) [Reference] FY ended FY ending FY ending Change Change Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2017 (from Plan) (Year-on- (Results) (Initial plan) (Forecast) year) (A) (B) (C) (C-B) (C-A) Orders 231.5 238
Slide 15: FMS Projection for Fiscal Year Ending December 31, 2017
2. Projection and Management Strategy FMS Projection for Fiscal Year Ending December 31, 2017 FMS Business Forecast revised from the initial plan : 【Orders】 FY ended FY ending December 31, 2016 December 31, 2017 Orders results results / plan 231.5 238.0 243.0 【Orders】 131.9 148.2 ✓ The oil and gas m
Slide 16: EP Projection for Fiscal Year Ending December 31, 2017
2. Projection and Management Strategy EP Projection for Fiscal Year Ending December 31, 2017 EP Business Forecast revised from the initial plan : 【Orders】【Operating Income】 FY ended FY ending December 31, 2016 December 31, 2017 Orders results results / plan 75.0 【Orders】 50.9 50.0 ✓ Lowered the fore
Slide 17: PM Projection for Fiscal Year Ending December 31, 2017
2. Projection and Management Strategy PM Projection for Fiscal Year Ending December 31, 2017 PM Business Forecast revised from the initial plan : 【Orders】【Sales】【Operating Income】 FY ended FY ending Orders December 31, 2016 December 31, 2017 results results / plan 110.0 【Orders, Sales】 101.6 90.0 ✓
Slide 18: Appendix
( Blank ) Results Presentation for the 2nd Quarter ended September 30, 2017
Slide 19: Breakdown of Orders Results by Business Segment
≪Appendix≫ Breakdown of Orders Results by Business Segment Orders Full year 2Q [Reference] FY ending 2Q ended 2Q ended FY ended Dec. 31, Sep. 30, Sep. 30, Dec. 31, 2017 2016 2017 2016 Results Initial plan Forecast Change Change Results Results Change FMS Business Pumps 145.6 150.0 150.0 - ＋ 4.3 83.0
Slide 20: Breakdown of Sales Results by Business Segment
≪Appendix≫ Breakdown of Sales Results by Business Segment Sales Full year 2Q [Reference] FY ending 2Q ended 2Q ended FY ended Dec. 31, Sep. 30, Sep. 30, Dec. 31, 2017 2016 2017 2016 Results Initial plan Forecast Change Change Results Results Change FMS Business Pumps 126.9 130.0 130.0 - ＋ 3.0 68.0 7
Slide 21: Progress of E-Plan 2019 Measures in Pumps Business
2. Projection and Management Strategy Progress of E‐Plan 2019 Measures in Pumps Business Position of Pumps Business in E-Plan 2019 The key message of E-Plan 2019 “Unlimited challenge toward growth” 5 Basic Policies and Structure Basic Policy 1 Solidify the profit foundation of the Group so that it d
Slide 22: Current Situation of Pumps Business
2. Projection and Management Strategy Progress of E‐Plan 2019 Measures in Pumps Business Current Situation of Pumps Business Standard Pumps Business Custom Pumps Business Business which is expected to generate Business which is highly susceptible to stable growth and profits market fluctuations → Ai
Slide 23: Vision of What We Want to Become: Improve profitability through structural reforms
2. Projection and Management Strategy Progress of E‐Plan 2019 Measures in Pumps Business Current Situation of Pumps Business and Vision of What We Want to Become Profitability High Maintain high profitability and expand sales scale Improve low profitability through growth strategy ｜ ｜ through struct
Slide 24: Progress of Structural Reforms
2. Projection and Management Strategy Progress of E‐Plan 2019 Measures in Pumps Business Progress of Structural Reforms Standard Pumps, Domestic Custom Pumps, Product 1. Eliminate and integrate extant models 1. Enhance a marketing organization of each After the elimination, the volume of shipments
Slide 25: Progress of Growth Strategy
2. Projection and Management Strategy Progress of E‐Plan 2019 Measures in Pumps Business Progress of Growth Strategy Standard Pumps, Overseas Custom Pumps, S&S 1. Continuously launch new products Enhance overseas S&S business Overseas sales ratio of standard pumps increases Dispatch more sales a
Slide 26: Forward-looking statements and translation note
This release contains forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements which are valid only as of the date thereof.