Alps Alpine Co., Ltd. · TSE:6770
Alps Alpine — FY2016 2nd QTR Earnings Presentation
21 slides from Alps Alpine's earnings presentation, Oct 31, 2016
Slide 1: FY2016 2nd QTR Financial Result Overview
F Y 2 0 1 6 2 nd Q T R Financial Result Overview Oct. 31st, 2016 Managing Director Hitoshi Kajiwara The earnings projections and other forward-looking statements herein are based on certain assumptions made in light of the information currently available to ALPINE and include potential risks and unc
Slide 2: FY2016 2nd QTR Consolidated Financial Result Overview
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Slide 3: Consolidated Financial Result Overview
-2- VISION2020 Consolidated Financial Result Overview FY2015 2nd QTR FY2016 2nd QTR % Effect of (Ended Mar. 2016) (Ended Mar. 2017) (vs FY15) Exchange Rate △ ¥18.8bln Net Sales △¥4.1bln Net sales ¥139.7bln ¥120.8bln △13.5％ Exchange rate Impact △¥14.7bln △ ¥2.2bln ≪Details≫ Operating Income ¥3.5bln ¥
Slide 4: Quarterly Result (Segment)
-3- VISION2020 Quarterly Result (Segment) Audio Information & Communication Unit: ¥billion Sales Quarterly Net Sales 72.4 75.4 75.0 77.8 73.4 68.2 69.7 69.5 72.0 67.6 64.4 66.3 65.6 62.4 57.4 55.1 58.3 48.4 50.3 48.8 53.8 46.6 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 80.00 Q
Slide 5: Quarterly Result (After & OEM)
-4- VISION2020 Quarterly Result (After & OEM) Others After Unit: ¥ billion OEM Sales Quarterly Net Sales 77.8 75.4 75.0 73.4 72.4 72.0 68.2 69.7 69.5 67.6 64.4 66.3 65.6 62.4 57.4 58.3 55.1 53.8 48.4 50.3 48.8 46.6 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2011 FY2012 FY201
Slide 6: Net Sales Result (Segment/After & OEM) (1st half total)
-5- VISION2020 Net Sales Result (Segment/ After & OEM) (1st half total) Unit: ¥ billion Segment After & OEM Others Audio After vs. FY15 △ 18.8 Information & Communication vs. FY15 △ 18.8 OEM [Net Sales△4.1, Exchange Rate Impact △14.7] [Net Sales△4.1, Exchange Rate Impact △14.7] 139.7 139.7 △6.1(△22.
Slide 7: Net Sales per Area (1st half total)
-6- VISION2020 Net Sales per Area (1st half total) Audio Unit: ¥ billion Information & Communication FY2015 FY2016 1st half 1st half US EU Asia & Others JPN vs. FY2015 △22.6% vs. FY2015 △3.7% vs. FY2015 △22.1% vs. FY2015 △4.1 % 55.3 51.9 50.0 14.6 7.6 6.1 42.8 10.7 40.7 44.3 43.8 18.1 32.1 4.4 14.1
Slide 8: Operating Income (vs. FY2015) (1st half total)
-7- VISION2020 Operating Income (vs. FY2015) (1st half total) Plus Factor Unit: ¥ billion Operating Income Negative Factor vs. 2015 △2.2 △1.2 △2.1 +2.5 △1.0 3.5 +1.5 △1.9 1.2 FY2015 2016年3月期 Decrease 売上 Exchange 為替 Cost 原価 Product 製品MIX Mix R&D 開発費 Other その他 FY2016 2017年3月期 12Q累計 st half in 増減 Rate
Slide 9: Balance Sheet (vs. 2015)
-8- VISION2020 Balance Sheet (vs. 2015) Unit: ¥ billion Total Asset 205.1 Total Asset Point Current Liability 182.0 200 １．Total Asset 182.0(△23.1) Assets Current Liability Account (inc. Exchange rate impact △15.8) Payable Assets Account Cash 27.0 Payable ①Current Asset 113.8（△16.5） 49.2 Cash Debt 0
Slide 10: Investment & Inventory (1st half vs 2015)
-9- VISION 2020 Investment & Inventory (1st half /vs 2015) Unit: ¥ billion Point １．R&D △1.5 30.1 ・Accounting change △0.6 26.9 others ２．Capex ±0 ３．Amortization depreciation △0.5 ・Exchange rate impact 12.2 10.7 ４．Inventory △3.1 ・Activities for inventory reduction, 4.2 4.2 3.6 and exchange rate impact
Slide 11: Cash Flow (1st half total)
-10- VISION 2020 Cash Flow (1st half total) Unit: ¥ billion Operating Investment Free CF CF CF 20 17.4 ポイント 15.8 Free CF ＋0.2 １．Operating CF＋1.9（vs. 2015 +1.5） 10 ・Income before income taxes and others △0.08 ・Amortization Depreciation +3.1 ・Corporate tax etc. △1.4 1.5 1.9 0.2 others 0 ２．Investment C
Slide 12: Consolidated Financial & Forecast
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Slide 13: Consolidated Financial Result / Forecast
-12- VISION2020 Consolidated Financial Result / Forecast FY2016 (Forecast as of 7/27) FY2016 (Forecast as of 10/28) 1st half vs Total vs 1st Half 2nd Half Total 1st Half 2nd Half Total 1st half Total Net sales ¥ 125.0bln ¥ 130.6bln ¥ 255.6bln ¥120.8bln ¥ 115.8bln ¥ 236.5bln △ ¥ 4.2bln △ ¥ 19.1bln Op
Slide 14: Net Sales Result (Segment/After & OEM)
-13- VISION2020 Net Sales Result (Segment/ After & OEM) Unit: ¥ billion Segment After & OEM Others Audio After vs. FY15 △36.5 Information & Communication vs. FY15 △ 36.5 OEM [Net Sales△5.0, Exchange Rate Impact △31.5] [Net Sales△5.0, Exchange Rate Impact △31.5] 273.0 273.0 52.8 236.5 △9.5(△18.1%) 43
Slide 15: Net Sales per Area (Total)
-14- VISION2020 Net Sales per Area (Total) Audio Unit: ¥ billion Information & Communication FY2015 FY2016 Result Forecast US EU Asia & Others JPN Vs.2015 △18.3% Vs.2015 △12.1% Vs. 2015 △9.9% Vs. 2015 △5.1 % 102.8 106.1 93.3 15.2 26.6 84.0 11.5 21.9 90.9 34.9 81.8 76.2 31.4 29.2 27.7 62.2 9.1 1.9 8.
Slide 16: Operating Income Forecast (vs. 2015)
-15- VISION2020 Net Sales per Area (vs. 2015) Plus Factor Unit: ¥ billion Operating Income Negative Factor vs. 2015 △3.1 △1.4 +6.5 △6.2 5.4 △0.4 △4.2 +2.6 2.3 2016年3月期 FY2015 売上 Decrease 為替 Exchange 原価 Cost 製品MIX Product Mix 開発費 R&D その他 Other 2017年3月期 FY2016 Result in Rate Improvement Selling Price
Slide 17: Operating Income Forecast (vs. Forecast as of 7/27)
-16- VISION2020 Net Sales per Area (vs. Forecast as of 7/27) Plus Factor Unit: ¥ billion Operating Income Negative Factor vs. 2015 △1.6 △2.5 3.9 ＋1.8 2.3 △1.6 ＋0.5 △0.3 +0.5 2017年3月期 FY2016 Forecast 売上 Decrease 為替 Exchange 原価 Cost 製品MIX Product Mix 開発費 R&D その他 Other 2017年3月期 FY2016 Forecast as of 7/
Slide 18: Balance Sheet (vs. 2015)
-17- VISION2020 Balance Sheet (vs. 2015) Unit: ¥ billion Total Asset 205.1 Total Asset Point Current Liability 181.9 200 １．Total Asset 181.9(△23.2) Assets Account Current Liability (inc. Exchange rate impact △15.8) Cash Payable Assets Account 27.0 Cash Payable ①Current Asset 111.6（△18.7） 49.2 Debt 0
Slide 19: Investment & Inventory
-18- VISION 2020 Investment & Inventory Unit: ¥ billion Point 30.1 １．R&D △2.5 26.3 ・Accounting change△9、 24.2 Others △1.6 21.7 ２．Capex ＋2.1 ・Accounting change +0.9 Others +1.2 9.6 ３．Amortization depreciation △0.8 7.5 7.2 ・Exchange rate impact 6.4 ４．Inventory △3.8 ・Activities for inventory reduction,
Slide 20: Cash Flow Forecast (vs. 2015)
-19- VISION 2020 Cash Flow Forecast（vs. 2015） Unit: ¥ billion Operating Investment Free CF CF CF 20 Point 10 Free CF△0.1 7.4 １．Operating CF＋7.4 2.0 ・Income before income taxes and others +0.8 ・Amortization depreciation +6.4 0 Others △0.1 △1.3 ２．Investment CF△7.5 △3.4 △7.5 -10 FY2015 Result FY2016 Fo
Slide 21: VISION 2020
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