Toyo Engineering Corporation · TSE:6330
Toyo Engineering — Q2 FY2020 Earnings Presentation
13 slides from Toyo Engineering's earnings presentation, Nov 12, 2020
Slide 1: Outline of Financial Results
Second Quarter of Fiscal Year Ending March 2021 OUTLINE OF FINANCIAL RESULTS November 12, 2020 Toyo Engineering Corporation
Slide 2: Contents
Contents Page Performance Summary Performance Summary 3 Net Sales 5 Financial Summary Balance Sheet 6 Cash Flows 7 New Orders New Orders 8 Backlog of Contracts 9 Forecast Forecast for 2021/3 10 -Reference- Historical Data 11 Historical Data Chart 12 2 Your Success, Our Pride.
Slide 3: Performance Summary (1)
Performance Summary (1) Under the influence of COVID-19, the balanced outcome is maintained JPY billion (Decrease in revenue and profit compared with the same period of the previous year) Forecast 2019/9 2020/9 Difference Progress 2021/3 Net sales 112.6 89.7 (22.9) 210.0 43% Gross profit 10.5 9.1
Slide 4: Performance Summary (2)
Performance Summary (2) JPY billion Fiscal Year Ended 2020/3 Fiscal Year Ending 2021/3 1Q 2Q 3Q 4Q 1Q 2Q Forecast Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative 2Q term Progress Progress 2021/3 total total total total total total Net Net sales 58.4 112.6 165.2 219.0 44.0 21% 89.7
Slide 5: Net Sales
Net Sales JPY billion Central and 2020/9 Net sales : JPY 89.7 billion South America China 1.5 0.8 Others 0.1 Others 1.5 North America Pharmaceuticals etc., Petrochemicals 2.6 2.2 2% 29.6 3% 1% Russia and 1% Chemicals/ Japan 2% Central Asia 11% 2% Fertilizers 12% 10.2 42.7 11.0 33% 15% Region 47% Pro
Slide 6: Balance Sheet
Balance Sheet JPY billion Assets 2020/3 2020/9 Difference Liabilities and net assets 2020/3 2020/9 Difference Current assets 187.8 184.3 (3.5) Current liabilities 155.6 144.9 (10.7) Cash and deposits 81.9 83.8 1.9 Short-term interest bearing debt 17.3 7.3 (10.0) Notes and accounts receivable 55.1 51
Slide 7: Cash Flows
Cash Flows JPY billion 2018/4~2019/3 2019/4~9 2019/4~2020/3 2020/4~9 Operating activities (25.8) (14.4) (18.6) 4.0 Investing activities 1.3 6.6 7.9 (4.4) Financing activities 16.7 (3.9) (6.1) (0.8) Net increase/decrease in cash (8.6) (12.7) (17.6) (1.9) Free cash flow (24.4) (7.7) (10.7) (0.3) Cash
Slide 8: New Orders
New Orders JPY billion Region Product 298.0 298.0 187.0 187.0 55.5 59.3 55.5 59.3 2019/3 2019/9 2020/3 2020/9 2019/3 2019/9 2020/3 2020/9 Japan 121.9 20.6 83.2 41.5 Petrochemicals 172.3 7.6 14.4 8.2 Southeast Asia 67.8 3.4 23.8 9.5 Oil & Gas 18.5 25.1 55.9 6.4 Southwest Asia, Power / Railways etc. 8
Slide 9: Backlog of Contracts
Backlog of Contracts JPY billion Region 426.3 426.3 Product 367.8 389.2 349.8 367.8 389.2 349.8 2019/3 2019/9 2020/3 2020/9 2019/3 2019/9 2020/3 2020/9 Japan 135.9 128.4 152.7 151.5 Petrochemicals 169.9 137.4 107.6 78.9 Southeast Asia 75.4 50.6 44.6 34.0 Oil & Gas 23.6 40.2 61.2 55.5 Southwest Asia,
Slide 10: Forecast for 2021/3
Forecast for 2021/3 JPY billion No change from initial forecast as of June 18, 2020 2Q Forecast 2020/3 2020/9 2021/3 Net sales 219.0 89.7 210.0 Gross profit 18.7 9.1 17.5 Gross profit margin 8.6% 10.2% 8.3% SG&A expenses 16.8 7.9 17.0 Operating income 1.8 1.2 0.5 Operating income margin 0.9% 1.4%
Slide 11: -Reference- Historical Data
-Reference- Historical Data 2021/3 2019/3 2019/9 2020/3 2020/9 Forecast Net sales JPY billion 294.9 112.6 219.0 89.7 210.0 Gross profit JPY billion 10.6 10.5 18.7 9.1 17.5 Gross profit margin % 3.6% 9.4% 8.6% 10.2% 8.3% SG&A expenses JPY billion 16.2 7.6 16.8 7.9 17.0 Operating income JPY billion (5
Slide 12: -Reference- Historical Data Chart
-Reference- Historical Data Chart JPY billion Net sales Gross profit Operating income 294.9 2.8 18.7 1.8 17.5 1.2 219.0 210.0 0.5 10.6 10.5 112.6 9.1 89.7 (5.6) 2019/3 2019/9 2020/3 2020/9 2021/3 2019/3 2019/9 2020/3 2020/9 2021/3 2019/3 2019/9 2020/3 2020/9 2021/3 Forecast Forecast Forecast Ordinar
Slide 13: Toyo Engineering Corporation
Toyo Engineering Corporation URL https://www.toyo-eng.com For further questions on this material, please contact: Wataru IIDA General Manager Corporate Communications Department 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 TEL +81-47-454-1681 E-mail ir@toyo-eng.com The forecasts given above are