Bridgestone Corporation · TSE:5108
Bridgestone — Q3 2017 Earnings Presentation
15 slides from Bridgestone's earnings presentation, Nov 9, 2017
Slide 1: Financial Results for 3rd Quarter of Fiscal 2017
Financial Results for 3rd Quarter of Fiscal 2017 Bridgestone Corporation November 9, 2017
Slide 2: Contents
Contents １. Business and Financial Performance P.3 for 3rd Quarter of Fiscal 2017 ２. Consolidated Projections for Fiscal 2017 P.9 Copyright © 2017 Bridgestone Corporation | Nov 9, 2017 2/15
Slide 3: 1. Business and Financial Performance for 3rd Quarter of Fiscal 2017
１. Business and Financial Performance for 3rd Quarter of Fiscal 2017
Slide 4: Business Environment Surrounding Bridgestone Group
Business Environment Surrounding Bridgestone Group Currency ●Weaker Japanese Yen than PY Exchange ●1USD=111yen 1EUR=131yen （Ref.）2016 Q3 1USD＝102yen 1EUR＝114yen ●Still higher than PY in Q3 Raw Material 2016 2017 Price Market trend of natural rubber and crude oil (Average) Q3 Q4 Q1 Q2 Q3 Natural Rubb
Slide 5: Tire Sales Growth for 3rd Quarter of Fiscal 2017
Tire Sales Growth for 3rd Quarter of Fiscal 2017 (Year-on-Year, unit base) PSR TBR ORR ※ OE & REP OE & REP Q3 9 months Q3 9 months Q3 9 months Global 102％ 103％ 107％ 108％ Ultra-Large 115％ 115％ OE OE Large 130％ 140％ Japan 111% 114％ 101% 103％ Increased substantially N. America 93% 98％ 122% 110％ Europe
Slide 6: Consolidated Results for 3rd Quarter of Fiscal 2017
Consolidated Results for 3rd Quarter of Fiscal 2017 2017 (Yen in billions) 2017 3rd Quarter VS PY（%） VS PY（%） 9 Months Results Results Net Sales 920.2 +15 2,663.0 +9 Tires 767.6 +16 2,207.4 +10 Diversified 156.4 +11 467.2 +6 Products Operating Income 97.3 (12) 299.7 (9) (Ratio) 10.6% (Ratio) (3.3pt)
Slide 7: Analysis of Consolidated Operating Income
Analysis of Consolidated Operating Income for 3rd Quarter of Fiscal 2017 (Yen in billions) 130 Raw Materials (31.0) Price, Mix, Volume etc. 110 SGA Foreign Exch. Gain +16.3 90 (7.0) Depreciation +9.0 111.1 (1.0) 97.3 70 50 2016 Q3 2017 Q3 Operating Income (13.7) Operating Income (Yen in billions) Ra
Slide 8: Financial Results: Geographic Segments
Financial Results for 3rd Quarter of Fiscal 2017: Geographic Segments (Yen in billions) 2017 2017 (Yen in billions) 3rd Quarter VS PY(％) 9 Months VS PY(％) Results Results Consolidated 920.2 +15 2,663.0 +9 Net Sales Japan 270.8 +12 805.3 +6 The Americas 456.3 +12 1,319.6 +7 EMEA* 143.8 N/A* 414.7 N/A
Slide 9: 2. Consolidated Projections for Fiscal 2017
2. Consolidated Projections for Fiscal 2017
Slide 10: Forecast of Business Environment Surrounding Bridgestone Group
Forecast of Business Environment Surrounding Bridgestone Group (”Projection”; released at Aug. 9th) Currency ●Weaker Japanese yen than PY Exchange （Ref.）2016 FY 1USD＝109yen 1EUR＝120yen ●Still higher FY assumption than PY Raw Material Price ●Slightly lower than projection Tire Demand ●Trend of steady
Slide 11: Tire Sales Growth Projections for Fiscal 2017
Tire Sales Growth Projections for Fiscal 2017 (Year-on-Year, unit base) PSR TBR ORR ※2 vs. vs. vs. OE & REP Aug OE & REP Aug Aug ※1 Global ～+5% Global +6%～+10% Ultra-Large 115％ Large 135％ OE OE Japan +11%～+15% Japan ～+5% Increase substantially N. America ～-5% N. America +6%～+10% throughout the year
Slide 12: Consolidated Projections for Fiscal 2017
Consolidated Projections for Fiscal 2017 （Ref. Aug 9, 2017 (Yen in billions) 2016 2017 VS PY（%） announcement） Results Projections 2017 Projections Net Sales 3,337.0 3,650.0 +9 3,700.0 Tires 2,765.7 3,040.0 +10 3,090.0 Diversified 585.7 620.0 +6 620.0 Products Operating 449.5 430.0 (4) 464.0 Income (
Slide 13: Analysis of Consolidated Operating Income for Fiscal 2017
Analysis of Consolidated Operating Income for Fiscal 2017 （Ref.）Released at Aug.9th Y o Y change of Consolidated Operating Income for Fiscal 2017 vs.PY +14.4 Price, Mix, (Yen in billions) Raw Materials SGA Depreciation Forex Volume etc. (126.0) (34.0) (8.0) +8.0 +174.4 500 Raw Materials Price, Mix,
Slide 14: Summary
Summary Q3 Full Year Revised Projections Tire sales ●Increased OE demand driving sales growth Volume ●Ultra-large/Large ORR sales recovery throughout the year ●Selling Price increase adoption ●Selling Price/Raw Material Selling in major market spread Price/ ●Selling Price/Raw Material 4Q:Positive Ra
Slide 15: Forward-looking statements disclaimer
Statements made in this presentation with respect to Bridgestone's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Bridgestone. Forward-looking statements include, but are not limited t