Daifuku Co., Ltd. · TSE:6383
Daifuku — H1 FY2020 Earnings Presentation
16 slides from Daifuku's earnings presentation, Nov 6, 2020
Slide 1: Consolidated Financial Results
Consolidated Financial Results First Half of the Fiscal Year Ending March 31, 2021 (April 1, 2020 - September 30, 2020) November 6, 2020 DAIFUKU CO., LTD.
Slide 2: Fiscal 2020 Interim Highlights (April 1, 2020 – September 30, 2020)
Fiscal 2020 Interim Highlights (April 1, 2020 – September 30, 2020) 1 ✓ Orders fell, mainly due to delays in business negotiations imposed by the COVID-19 pandemic. ✓ Sales remained favorable, underpinned by an extensive order backlog from the end of fiscal 2019. ✓ Operating income were driven by th
Slide 3: FY2020 Interim Results (Consolidated)
FY2020 Interim Results (Consolidated) 2 (Billion yen) FY2020 H1 FY2019 H1 forecast as of FY2020 H1 Year-on-year results August 6, 2020 results Orders 214.32 200.00 189.30 -11.7% ✓ Achieved increased sales and Net sales 208.73 212.00 230.00 +10.2% income. Operating income 17.28 16.30 19.66 +13.8% Ord
Slide 4: Results by Reportable Segment
Results by Reportable Segment 3 (Billion yen) Orders Net sales Segment income (Net income attributable to (Orders from outside customers) (Sales to outside customers) shareholders of the parent company) FY2019 H1 FY2020 H1 FY2019 H1 FY2020 H1 FY2019 H1 FY2020 H1 ✓ Daifuku: Sales of Intralogistics sy
Slide 5: Consolidated Balance Sheets
Consolidated Balance Sheets 4 (Billion yen) FY2019 FY2020 H1 Change FY2019 FY2020 H1 Change Current assets 319.68 340.74 21.05 Current liabilities 138.69 151.87 13.18 ✓ Assets: Cash on hand and Notes and accounts in banks 70.90 85.29 14.38 payable 69.09 65.03 -4.06 Increased ¥21.4 billion Notes and
Slide 6: Orders and Sales by Industry (Consolidated)
Orders and Sales by Industry (Consolidated) 5 (Billion yen) Orders Sales FY2019 H1 FY2020 H1 FY2019 H1 FY2020 H1 Industry Orders Composition Orders Composition Sales Composition Sales Composition ✓ Automobile, auto parts: Automobile, auto parts 28.33 13.2% 23.99 12.7% 29.14 14.0% 39.23 17.1% Sales w
Slide 7: Non-Japan Orders (Consolidated)
Non-Japan Orders (Consolidated) 6 (Billion yen) 73% 70% 200.0 8.4 12.9 64% 64% 3.9 Ratio to net orders 7.0 Other 4.7 109.2 4.2 7.2 Europe 107.8 100.0 5.6 Asia 84.1 67.0 North America Ratio to net sales 73.6 62.3 44.5 40.6 0.0 FY2017 H1 FY2018 H1 FY2019 H1 FY2020 H1 Non-Japan Total 195.2 190.2 137.6
Slide 8: Orders by Region (Consolidated)
Orders by Region (Consolidated) 7 (Billion yen) FY2017 H1 FY2018 H1 FY2019 H1 FY2020 H1 Region Orders Composition Orders Composition Orders Composition Orders Composition ✓ Japan: Japan 71.47 26.8% 79.57 29.5% 76.63 35.8% 68.74 36.3% Orders reflected delays in Non-Japan 195.24 73.2% 190.25 70.5% 137
Slide 9: Non-Japan Sales (Consolidated)
Non-Japan Sales (Consolidated) 8 (Billion yen) 72% 67% 68% 65% Ratio to net sales 6.2 6.7 8.7 Other 5.2 5.8 8.1 4.4 Europe 4.5 65.9 Asia 95.2 82.5 62.7 North America Ratio to net sales 70.9 47.8 45.5 47.0 FY2017 H1 FY2018 H1 FY2019 H1 FY2020 H1 Non-Japan Total 123.3 152.2 142.7 149.5 © 2020 Daifuku
Slide 10: Sales by Region (Consolidated)
Sales by Region (Consolidated) 9 (Billion yen) FY2017 H1 FY2018 H1 FY2019 H1 FY2020 H1 Region Sales Composition Sales Composition Sales Composition Sales Composition ✓ Japan and North America: Japan 60.85 33.0% 58.41 27.7% 66.00 31.6% 80.49 35.0% Sales remained favorable. Non-Japan 123.30 67.0% 152.
Slide 11: Service Sales (Consolidated)
Service Sales (Consolidated) 10 (Billion yen) %: Ratio to net sales 25% 23% 24% 24% 49.1 49.6 54.3 45.4 Note: Sales in the service business include FY2017 H1 FY2018 H1 FY2019 H1 FY2020 H1 maintenance, retrofitting, and remodeling work for products and systems Daifuku delivered. Y/Y Growth Rate 5% 8%
Slide 12: FY2020 Forecast (Consolidated)
FY2020 Forecast (Consolidated) 11 (Billion yen) FY2020 FY2019 As of August 6, Revised on Year-on-year 2020 November 6, 2020 ✓ The FY2020 orders forecast has been revised downward. Orders 483.18 480.00 460.00 -4.8% Other remains unchanged. Net sales 443.69 460.00 460.00 +3.7% Operating income 40.49 4
Slide 13: Dividends
Dividends 12 The annual dividend per share is projected to be 75 yen, including the interim dividend of 30 yen. The consolidated dividend payout ratio of 30% is to be maintained on a four-year (FY2017-FY2020) average during the ongoing medium-term business plan. (Yen) Interim Year-end Commemorative
Slide 14: Quarterly Orders and Sales (Consolidated)
Quarterly Orders and Sales (Consolidated) 13 (Billion yen) Orders Sales 166.1 ✓ Orders during the first half 148.5 140.6 145.0 reflected delays in 129.1 128.8 negotiations with customers. 120.8 119.9 123.7 118.1 113.9 116.0 112.7 113.8 In the third quarter, orders 128.7 100.4 124.8 are projected to
Slide 15: Order Backlogs (Consolidated)
Order Backlogs (Consolidated) 14 (Billion yen) ✓ Order backlogs are projected 397.9 388.8 397.9 377.2 to recover toward the year 373.6 377.7 358.5 358.4 362.7 364.0 357.2 end, offsetting the decline in 346.4 326.8 314.5 the first half. 314.0 294.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 (For
Slide 16: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m