Japan Post Holdings Co., Ltd. · TSE:6178

Japan Post — Q2 FY2018 Earnings Presentation

44 slides from Japan Post's earnings presentation, Nov 20, 2017

  1. Slide 1: Japan Post Holdings FY2018 Q2 results

    PP Aamir HOLDINGS 2018 3 2017 11 20

  2. Slide 2: Appendix

    APPENDIX Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 1

  3. Slide 3: Results highlights

    ➢ 2018 3 4,000 1,801 20.3 ➢ 25 25 63,796 4,206 1,801 2.7 38.7 20.3 142,575 124,600 4,000 133,265 4,259 9,662 7,800 7,952 2,134 1,801 1,497 7,035 6,558 6,380 4,733 4,206 3,032 289 2016 2017 2018 2016 2017 2018 2016 2017 2018 3 3 3 3 3 3 3 3 3 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 2

  4. Slide 4: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 3

  5. Slide 5: Results by segment

     2018 3 2 63,796 18,347 9,772 40,548 1,781 444 430 2,790 2.7% 2.5% 4.6% 6.4% 4,206 128 2,571 1,688 1,174 147 447 610 38.7% 21.0% 56.6% 1,801 171 1,815 512 303 116 305 87 20.3% 20.2% 20.6%  2018 3 2017 5 7,800 180 4,900 2,500 53.9% 52.4% 67.5% 4,000 130 3,500 860 45.0% 51.8% 59.6% 1 2 3 Copyright ©

  6. Slide 6: Japan Post Co. results

     244  194  50 379 10,000 9,672 0.2% 9,691 1.7% 9,529 304 3.2% 313 26.2% 395 9,000 1,624 2.1% 1,658 1.3% 1,679 8,000 7,000 7,744 0.3% 7,720 3.4% 7,455 6,000 0 0 5,000 16/3 17/3 18/3 2018/3 2017/3 9,089 8,845 244 9,469 9,275 194 27 28 10 9 6,080 6,042 37 0 9 202 3,388 3,232 156 36 70 379 429 50 Cop

  7. Slide 7: Japan Post Co. results

     90  79  10 237 8,000 6,699 161 6,861 90 6,770 919 41 961 37 998 6,000 844 2 842 15 857 4,000 3,081 9 3,090 72 3,018 2,000 1,854 112 1,967 71 1,895 0 16/3 17/3 18/3 2018/3 2017/3 6,770 6,861 90 6,533 6,613 79 72 30 74 4,611 4,683 71 71 13 1 15 23 3 1,921 1,929 7 237 247 10 Copyright © 2017 JAPAN

  8. Slide 8: EBIT

     101 338  35 33 3 2 42  2 3 3 2018/3 2017/3 22 46 14 13 9 42 80 1 1 1 4 9 40 2 2 4,004 3,903 101 48 45 40 36 41 35 3,425 3,086 338 0 4 5 0 13 6 8 10 12 8 13 23 38 40 14 3,971 3,834 136 5 3,396 3,032 364 80 2017/3 2017/3 2017/3 2017/3 2018/3 2018/3 Q1 Q2 Q3 Q4 Q1 Q2 33 68 35 EBIT 28 54 25 1 EBIT 2

  9. Slide 9: Segment results

    465 1 8,317 116 171    2 18,317 465 9,089 244 6,770 90 3,425 338 18,440 317 9,469 194 6,533 79 3,396 364 11,807 51 6,080 37 4,611 71 1,115 85 6,632 265 3,388 156 1,921 7 2,280 278 122 147 379 50 237 10 28 25 128 147 13 33 115 113 171 116 105 2016/4-2016/9 6 Copyright © 2017 JAPAN POST GROUP. All

  10. Slide 10: Consolidated financials

    2 2018/3 2017/3  414 7,577 7,577 7,163 414 6,180 6,293 112 112 41 471 429 41 485 925 440 485  87 5,222 5,222 5,309 87 0 0 0  2,354 1,853 501 501 2,354 216 271 54  2,571 2,124 447 54 447 2,571 1,815 1,509 305  1,815 305 9,772 9,342 430 3,500 51.8 7,200 7,217 16  179 4,193 1,794,193 1,784,565 9,

  11. Slide 11: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    179.4 179.4 500 469 471 180 177.7 177.8 176.6 429 400 170 300 200 160 100 0 150 0 14/3 15/3 16/3 17/3 17/9 16/3 17/3 18/3 4,000 500 480 3,577 429 400 3,000 2,437 2,314 300 2,000 236 200 1,000 100 0 0 16/3 17/3 18/3 16/3 17/3 18/3 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 10

  12. Slide 12: Assets

    2018/3 2017/3 % % 47,962 2.3 40,641 1.9 1,364,120 65.8 1,387,924 66.9 61 9,148 29.8% 644,752 31.1 688,049 33.2 64 4,752 63,300 3.0 60,822 2.9 31.1% 2,379 0.1 2,339 0.1 207 107,627 5.1 107,528 5.1 4 7,962 2.3% 13 0.0 13 0.0 546,046 26.3 529,170 25.5 54 6,046 6 3,300 3 9,694 26.3% 3.0% 1.9% 39,694 1.9

  13. Slide 13: Segment results

    2 2018/3 2017/3  1,944 1,944 1,944 0 87 512 59.6% 40,548 43,338 2,790 38,859 42,260 3,400  4 26.0% 2,089 1,688 1,078 610 7.4% 279 512 425 87  2,089 2,823 734 4 9,244 94 135 40  2018/3 3 39 2017/3 49,244 49,796 551  1,207.7% 12 7,643 3,102 3,156 54 1,207.7 1,290.6 82.9 127,643 127,631 12 1 2 Cop

  14. Slide 14: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    3,000 300 150 2,500 2,823 250 279 260 120 135 2,381 246 2,000 200 117 2,089 90 1,500 150 94 60 1,000 100 500 30 50 0 0 0 16/3 17/3 18/3 16/3 17/3 18/3 16/3 17/3 18/3 60,000 4,000 50,314 49,796 8,000 7,387 7,361 7,363 49,244 3,232 3,156 3,102 21,679 17,716 4,452 4,023 3,830 3,000 15,905 6,000 1,697 1

  15. Slide 15: Assets

    2018/3 2017/3 % % 80,403 10.2 80,609 10.0 5 9,826 7.6% 620,699 78.9 634,852 79.0 2 5,464 3.2% 409,794 52.1 427,323 53.2 8 403 40 9,794 89,952 11.4 92,268 11.5 1 7,158 2.2% 10.2% 52.1% 56,333 7.2 56,989 7.1 78 1,134 0.1 583 0.1 4 6,325 5.9% 46,325 5.9 43,517 5.4 1,134 0.1% 17,158 2.2 14,171 1.8 8 9,9

  16. Slide 16: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 15

  17. Slide 17: Forecasts

    2018/3 2017/3 2017/3 4,000 4,289 7,800 152  4,500 4,342   180 342 130 3,982     4,900 479 3,500 377    2,500 297 860 25   2017/3 190 344 20 100 120 513 70 13 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 16

  18. Slide 18: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

     2018 3 50% 2018/3 1 50 51.0% 25 25 50 53.5% 25 25 64 44.6% 64 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 17

  19. Slide 19: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 18

  20. Slide 20:  E Web

     1  E   2016 10  2018 3 1  2018 3 Web 3 9,089 395 9,100 400 8,900 8,845 304 313  49,000 4 8,705 300 8,700  185 5 8,500 200  '15 2Q '16 2Q '17 2Q '15 2Q '16 2Q '17 2Q  2 (%) 350 70.0 2 69.0 68.3 400 379 67.9 68.0  450 429 66.9 448 67.0  2017 13 500 66.0 '15 2Q '16 2Q '17 2Q '15 2Q '16 2Q

  21. Slide 21: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

     1994 1 ✓ 2,000 23 2012 4 ✓ 10 29 2015 8 ✓ 28 ✓ 2016 6 200 ✓ ✓ 2017 6 300 ✓ ✓ 2018 3 ✓ 80 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 20

  22. Slide 22: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    2 2 5,000 21% 1 22% 2 4,000 1,863 1,854 1,967 1,813 1,895 179.4 2016 49,796 2016 3,000 3,018 1,895 2,000 24,000 3,089 3,031 3,081 3,090 3,018 1,000 24,000 18,000 234 1,100 0 1 179.4 2017 3 2017 3 2 49,796 2017 3 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 21

  23. Slide 23: 2Q '16 2Q '17 2Q

    200 150 1,000 148 141 106 127 619 657 633 100 76 100 500 54 50 0 0 0 '15 2Q '16 2Q '17 2Q '15 2Q '16 2Q '17 2Q '15 2Q'16 2Q'17 2Q 2017 3 2017 10 20,063 1 1,467 1 1 1,782 200 7 1,495 5 1 5,672 1,079 1 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 22

  24. Slide 24: e Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    1   2  - -  e 3   2017 7 1 5 3  4   5    6   Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 23

  25. Slide 25: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 24

  26. Slide 26: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    3 56.9% 1 100% 50% 89%2 89% 1. 2017 9 2. 2017 9 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 25

  27. Slide 27: Toll Holdings Limited

    2017 9 Toll Holdings Limited Toll Holdings Limited Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 26

  28. Slide 28: CEO 2008 A. T. EC

       2016 4 2001 2002  2016 7 2010  2017 4 2012 2015 2016  2017 1 2007 2011  EC 2017 4 2014  2017 6 CEO 2016  ! EC e 2017 6  2018 3  2016 7 2001 2004  ATM 3,500 2017 1 2008 A. T.  Visa mijica 2017 1 2012  PayB 2017 7 2016   2016 3 2012  IBM 2017 3 2013 2015 2017 Copyright © 2017 JAPAN

  29. Slide 29: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

                               Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 28

  30. Slide 30: 2Q 2Q 2Q

    = ¹ 10,000 +0.2% 9,640 1.1% +1.4% 9,672 9,691 1.7% 9,535 9,529 201 +24.6% 304 +3.2% 313 251 +21.2% +26.2% 395 9,000 1,505 +1.3% +4.3% 1,570 1,624 +2.1% 1,658 +3.5% 1,679 8,000 7,000 7,934 2.8% 0.4% 7,715 7,744 0.3% 7,720 7,455 3.4% 0 6,000 '13 2Q '14 2Q '15 2Q '16 2Q '17 2Q 1. 2014 Copyright © 2017

  31. Slide 31: Web  Web

    Web  Web   5     Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 30

  32. Slide 32: COOL CHOICE

    ¹  49,000  185 2017 11 1   2018 3  COOL CHOICE   50 1. 2017 9 60 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 31

  33. Slide 33: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    21% 1 22% 2 179.4 2016 49,796 2016 1 9,103 6,124 3,927 152 260 1,379 24,000 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 32

  34. Slide 34: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    ( ) 8.5% ( ) ( ) 8.0% 24.2% 24,052 (2017 9 ) ( ) 59.3%       2017 9      2017 10 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 33

  35. Slide 35: Real estate projects (KITTE, JP noie)

    — — % m2 m2 m2 93,000m2 JP JP KITTE 11,600 212,000 1,630 ’12.5 9,400m2 JP 6,100 45,700 600 22,300m2 ’14.8 25,400m2 5,500 68,000 1,500 ’14.8 JP 8,500m2 JP 80,000m2 12,000 180,000 1,200 ‘15.11 JP KITTE KITTE 3,700m2 JP KITTE 5,000 64,300 1,100 30,800m2 ‘16.3 24,000m2 JRJP 3,350 44,000 1,140 ‘16.4 2,80

  36. Slide 36: Real estate business

    2012 2014 2015 2016 2017 22,244m2 7,522m2 8,899m2 4,199m2 KITTE JP noie JP noie 5,000m2 1,230m2 1,160m2 JP 64,300m2 1,420m2 1,900m2 5,500m2 6,399m2 JP 68,000m2 KITTE 12,000m2 180,000m2 1,460m2 2,039m2 JP 16,000m2 KITTE 11,600m2 6,704m2 212,000m2 JRJP 3,350m2 44,000m2 5 JP JP noie 6,100m2 560m2 30 45

  37. Slide 37: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

     2015 9 2017 9  3 3 — 180 2017 6 4.8% 4.4% 1  2.3% 1.2% 8.3% — 2016 1 2 — 100 2017 6 19.1% ² 31.1% 25.4% 45.2% 5 19.9% 26.3% 46,815 50,000 43,981 41,864 1 40,000 1.6% 7.8% 1.9% 204.9 207.0 30,000 20,000 92.7 45.2% 64.4 31.1% 10,000 40.9 19.9% 54.6 26.3% 0 14 15 16 - 8,360 0.4% 10 0.40 % 0.05 % 0.

  38. Slide 38: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

     2016 8 2017 4  2017 3 2018 3 2019 3 1 2 1.5% 2016 8 2017 4 2018 4 100% 2017 4 4.0% 6.6% 9.9% 11.5% 90% 1.0% 0.5% 1.0% 80% 0.25% 70% ( ) 60% 75.7% 73.4% 71.7% 70.6% 50% 2016 6 2017 10 40%  30%  20% 11.7% 11.0% 10.0% 10.2% 10% 8.6% 9.0% 8.4% 7.7% 0% 15/3 16/3 17/3 17/9 1. 2. Copyright © 2017 JAPA

  39. Slide 39: CDS

     2 2017 3 2017 6  2  3 —  1 2 1/2  — CDS 2   1/2 2 —   4 — 1. 2. (i) (ii) 2 1  3. — 4. 2017 10 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 38

  40. Slide 40: Copyright © 2017 JAPAN POST GROUP. All Rights Reserved.

    5,000 4,733 2,500 2,134 4,206 4,000 2,000 1,815 1,715 1,801 3,032 1,509 3,000 1,500 2,516 1,497 2,571 2,124 2,000 1,000 2,187 1,688 1,078 485 512 1,000 500 425 0 0 124 128 171 218 287 276 1,000 500 16/3 17/3 18/3 16/3 17/3 18/3 Copyright © 2017 JAPAN POST GROUP. All Rights Reserved. 39

  41. Slide 41: Slide 41

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  44. Slide 44: Contact email

    Email: irshitsu.ii@jp-holdings.jp

Japan Post Holdings — Q2 FY2018 Earnings Presentation on 6ix