Nagoya Railroad Co., Ltd. · TSE:9048
Nagoya Railroad — FY2019 Earnings Presentation
33 slides from Nagoya Railroad's earnings presentation, May 26, 2020
Slide 1: Fiscal Year Ended March 31, 2020 Financial Results Presentation for Investors
Fiscal Year Ended March 31, 2020 Financial Results Presentation for Investors Nagoya Railroad Co., Ltd. Securities Code: 9048 May 26, 2020 Copyright © Nagoya Railroad Co.,Ltd.
Slide 2: Summary of Financial Results
01 Summary of Financial Results Copyright © Nagoya Railroad Co.,Ltd. 01
Slide 3: Group Business Performance
Group Business Performance ◆Group Buisiness Performance FY2019 FY2020 Full-Year Forecast Change Year-on-year Results from forecast change (from Novenber) Billions Billions Billions Operating revenues 622.9 of + 0.3 of ＋ 0.1 % － 16.0 of yen yen yen To Be Determined Billions Billions Billions Due to t
Slide 4: The Company's Passengers
The Company’s Passengers Due to the novel coronavirus pandemic, we are headed toward a loss in the fourth quarter. 【 Railroad Passenger Trends 】 【Railroad Passenger Trends （unit: million passengers; figures in parentheses are year-on-year change） （Fourth quarter single period）】 （unit: million passen
Slide 5: The Company's Airport Stations and the Group's Airport-Related Businesses
The Company’s Airport Stations and the Group’s Airport-Related Businesses Due to the novel coronavirus pandemic, we have been heading toward a loss since February 2020. 【Number of Non-Commuter Passengers to Chubu Centrair International Airport】 Sales Figures of Related Businesses (Unit: estimated ye
Slide 6: Decrease in Airport-related Demand
Reference: Chubu Centrair International Airport and the Surrounding Area Due to the novel coronavirus pandemic, there was a huge decrease in air travelers. Facilities on the airport island are suspending operations. ➢ Decrease in Airport-related Demand 【 Number of Chubu Centrair International Airpor
Slide 7: Impact of the novel coronavirus pandemic (FY2019 estimates)
Impact of the novel coronavirus pandemic (FY2019 estimates) The negative effects of the novel coronavirus pandemic have had a broad impact on all of the Group’s business segments. Consolidated total Increasd revenues Operating rev enues: −13.0 ・Increased income Operating income: −7.5 -5.0 0 (Billion
Slide 8: FY2019 results (change by segment)
FY2019 results (change by segment) (Billions of yen) Change in operating revenues by segment 639.0 8.8 4.1 622.5 -3.2 622.9 -1.6 -0.3 -4.5 1.3 -4.1 ＋0.3 Fiscal year ended Traffic Transport Real Estate Leisure and Distribution Aviation Others Adjustment Fiscal year ended Forecast March 31, 2019 Servi
Slide 9: Response to novel coronavirus pandemic
Response to novel coronavirus pandemic Capital investment plan revised due to changes in the business environment, namely the novel coronavirus pandemic. ➢Revised capital investment plan ・Scaled back and postponed renovations and capital investments that were delayable Accommodation-centric hotels b
Slide 10: Response to novel coronavirus pandemic: infection prevention measures
Response to novel coronavirus pandemic Measures have been taken related to preventing the spread of infections, ensuring the health and safety of customers and employees, and business continuity. Across the Meitetsu Group Hotels ・Instructed employees who interact with customers to wear masks ・Stoppe
Slide 11: Long-term Vision, Long-term Management Strategy and Medium-term Plan Progress
The Meitetsu Group’s Long-term Vision, 02 Long-term Management Strategy and Progress Made under the Medium-term Management Plan Copyright © Nagoya Railroad Co.,Ltd. 10
Slide 12: Proactively develop the real estate business in central Nagoya City
Proactively develop the real estate business in central Nagoya City We are working to expand the real estate business in Nagoya’s city center to capture the expected rise in demand with the opening of the Linear Chuo Shinkansen maglev line. ➢Developments in Progress around Nagoya Station 「Nagoya Sta
Slide 13: Proactively develop the real estate business in central Nagoya City
Proactively develop the real estate business in central Nagoya City In addition to acquiring rental properties in Nagoya City, we will promote real estate developments expected to be profitable. ➢Funding of profitable properties and properties for development Illustration Target area (Illustration)
Slide 14: Work to create appealing areas around the train lines
Work to create appealing areas around the train lines Enhancing the value of our owned assets by developing and revitalizing retail facilities, thereby fostering new excitement in the area. ➢Developing and revitalizing retail facilities Developing µPLAT retail facilities inside stations Opened in Ka
Slide 15: Work to create appealing areas around the train lines
Work to create appealing areas around the train lines We create new attractions and excitement in the city by improving facility design and using local resources. ➢Increasing the value of assets increasing the value in areas along the Company’s train lines Renovations of existing rental condominiums
Slide 16: Work to create appealing areas around the train lines
Work to create appealing areas around the train lines We strive to enhance our transport services by appropriately responding to the increasing transportdemand and enhanced user convenience. ➢Responding to the increase in transport demand as ➢Responding to enhanced convenience municipalities along t
Slide 17: Proactively invest in growth businesses and improve earnings power
Proactively invest in growth businesses and improve earnings power We aim to develop new business areas using cutting-edge technologies while working with regional governments and other operators. Signed agreement with Aichi Prefecture and NTT Docomo Inc. to collaborate on regional revitalization ➢W
Slide 18: ESG Initiatives
ESG Initiatives The entire Meitetsu Group works to solve social issues and contribute to the sustainable growth of communities. ➢Examples of ESG Activities Social Environment Meitetsu Transportation The Taiheiyo Ferry acquired an three stars energy- efficiency rating of three stars ↓Kitakami set sai
Slide 19: FY2019 Financial Results
03 FY2019 Financial Results Copyright © Nagoya Railroad Co.,Ltd. 18
Slide 20: FY2019 Financial Results
FY2019 Financial Results ＊Figures in parentheses are the year-on-year percent change. (Units: Millions of yen, %) La test Fo reca st FY2019 FY2018 Change* Notes (As of Nove mbe r ) Change* 348 -16,083 Operating revenues 622,916 622,567 639,000 (0.1) (-2.5) Operating expenses 575,553 573,112 2,441 Co
Slide 21: FY2019 Financial Results Highlights
FY2019 Financial Results Highlights Year-on-year: (Thanks mainly to higher real estate revenues, revenues rose for the third consecutive years. Higher revenues, lower profit Profit fell due to the novel coronavirus pandemic.) (Billions of yen) Operating Revenues: ＋ Real Estate +8.8 (Condo sale reven
Slide 22: Operating Results by Segment
Operating Results by Segment (Units: Millions of yen, %) Percent Latest Forecast Percent Operating revenues FY2019 FY2018 Change Change Change (As of November) Change Traffic 163,544 167,660 -4,116 -2.5 169,200 -5,655 -3.3 Transport 138,220 136,863 1,356 1.0 139,600 -1,379 -1.0 Real Estate 100,869 9
Slide 23: Traffic Business
Traffic Business (Units: Millions of yen, %) Percent FY2019 FY2018 Change Notes Change Operating Revenues decreased in all sub-segments due to revenues 163,544 167,660 -4,116 -2.5 the novel coronavirus pandemic Operating Income decreased due to lower revenues, income 21,577 24,379 -2,801 -11.5 despi
Slide 24: Transport Business
Transport Business (Units: Millions of yen, %) Percent FY2019 FY2018 Change Notes Change Operating Higher revenues mainly due to higher revenues 138,220 136,863 1,356 1.0 freight rates in the Truck Business Lower income due to higher personnel Operating income 5,342 5,968 -626 -10.5 costs and deprec
Slide 25: Real Estate Business
Real Estate Business (Units: Millions of yen, %) Percent FY2019 FY2018 Change Notes Change Higher revenues due in part to higher number of Operating condos sold, higher number of parking spaces in revenues 100,869 92,013 8,855 9.6 the Rental Business, and consolidating the tenant building management
Slide 26: Leisure and Services Business
Leisure and Services Business (Units: Millions of yen, %) Percent FY2019 FY2018 Change Notes Change Lower revenues due to the novel coronavirus Operating pandemic in addition to a fall in revenues revenues 50,137 53,419 -3,282 -6.1 after ending operations of the Meitetsu Inuyama Hotel Operating inco
Slide 27: Distribution Business
Distribution Business (Units: Millions of yen, %) Percent FY2019 FY2018 Change Notes Change Lower revenues due to the impact of Operating revenues 140,538 142,231 -1,693 -1.2 the novel coronavirus pandemic on department stores Operating Lower income due to lower revenues income 330 1,185 -854 -72.1
Slide 28: Aviation Services Business
Aviation Services Business (Units: Millions of yen, %) Percent FY2019 FY2018 Change Notes Change Lower revenues due to lower orders in Operating revenues 27,251 27,570 -318 -1.2 the Aviation Maintenance Business and the In-Flight Catering Business Operating income 2,616 2,803 -187 -6.7 Lower income
Slide 29: Others
Others (Units: Millions of yen, %) Percent FY2019 FY2018 Change Notes Change Higher revenues due in part to higher Operating revenues 52,123 48,012 4,110 8.6 orders related to equipment installation and systems Operating income 2,854 1,627 1,227 75.4 Higher income due to higher revenues ◆Breakdown o
Slide 30: Non-Operating Income and Extraordinary Income
Non-Operating Income and Extraordinary Income (Units: Millions of yen) FY2019 FY2018 Change Notes Non-operating income 6,384 6,364 19 Interest income 25 27 -1 Dividend income 1,889 1,646 242 Equity in net earnings of affiliates 2,562 2,708 -146 Others 1,907 1,982 -74 Non-operating expenses 4,459 4,2
Slide 31: Consolidated Balance Sheets
Consolidated Balance Sheets (Units: Millions of yen) FY2019 FY2018 Change Notes Current assets 189,143 182,665 6,477 Increase in condominium land and buildings Non-current assets 975,836 958,744 17,092 Capital investment ＋73,286 Property and equipment 831,771 804,926 26,844 Depreciation and amortiza
Slide 32: EBITDA and Capital Investment
EBITDA and Capital Investment (Units: Millions of yen) （単位：百万円） FY2019 FY2018 Change FY2019 FY2018 Change Operating income 21,577 24,379 -2,801 Operating income 330 1,185 -854 Depreciation and Depreciation and amortization 18,577 18,520 57 amortization 2,384 2,081 303 Traffic Distribution ＥＢＩＴＤＡ 40,
Slide 33: Forward-looking statements notice
In addition to factual past events, this document includes future projections, which contain risks and uncertainty. Please be advised that actual outcomes may vary based on a variety of factors. Copyright © Nagoya Railroad Co.,Ltd