Tokyo Electron Device Limited · TSE:2760

Tokyo Electron Device — Q2 FY2019 Earnings Presentation

34 slides from Tokyo Electron Device's earnings presentation, Nov 7, 2018

  1. Slide 1: 2018年11月7日 決算説明会

    2018 11 7 Copyright © Tokyo Electron Device LTD. All Rights Reserved.

  2. Slide 2: Copyright © Tokyo Device Device

    Copyright © Tokyo Copyright © Electron Device Device Tokyo Electron LTD. AllLTD. Rights Reserved. All Rights Reserved. 1

  3. Slide 3: 2019年3月期第2四半期決算概要

    2019 3 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 2

  4. Slide 4: Consolidated results summary

    ( ) 76,431 68,765 7,666 68,500 68,151 59,381 8,770 8,279 9,383 1,104 7,273 7,682 409 1,006 1,701 694 71 69 1 94 380 285 983 1,390 407 1,000 699 894 194 650 1,093 1,202 109 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 3

  5. Slide 5: Results by segment

    2018/ 3 EC EC CN 2019/ 3 PB 103 15 11 764 687 PB EC PB PB Copyright © Tokyo Electron Device LTD. All Rights Reserved. 4

  6. Slide 6: Operating results by segment

    • • ( ) 68,468 691 59,653 8,814 882 191 7,963 291 9,111 1,148 508 216 76,431 983 68,765 7,666 1,390 407 PB EC Copyright © Tokyo Electron Device LTD. All Rights Reserved. 5

  7. Slide 7: EC business sales breakdown

    EC • • 26% 23% 16% 13% 3 3 16% % % 24 18% 18% 11 3 3 23 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 6

  8. Slide 8: EC business sales breakdown by product

    EC • • 37% 26% 16% 14% 7% 43% 27% 19% 5 6 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 7

  9. Slide 9: EC business results

    EC • • 21,665 18,560 3,105 14.3% 31.6% 31.1% 195 168 27 13.8% 111.04 110.26 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 8

  10. Slide 10: PB business results

    PB EC • • • ( ) 2,812 4,321 1,509 53.6% 4.1% 7.2% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 9

  11. Slide 11: CN business sales breakdown

    CN • 57% 37% 6% 50% 43% 7% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 10

  12. Slide 12: CN business sales breakdown by product

    CN • • 26% 39% 35% 25% 42% 33% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 11

  13. Slide 13: Balance sheet

    • 捗 • • 86,478 ( ) 86,478 ( ) 3,606 77,568 77,568 10,497 3,872 9,700 43,830 34,257 35,487 24,979 17,322 17,829 26,203 25,856 4,338 24,401 25,059 6,787 6,051 8,014 0 0 2018.3.31 2018.9.30 2018.3.31 2018.9.30 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 12

  14. Slide 14: Cash flow

    ( ) 2018.3.31 2018.9.30 C/F C/F C/F 1,767 12,718 3,097 2,433 10,744 6 3,406 3,619 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 13

  15. Slide 15: Quarterly sales trend by segment

    • ( ) EC CN 46,930 4,665 41,962 40,923 38,205 38,122 4,597 3,937 36,792 34,070 31,365 31,781 6,386 31,275 4,716 4,591 42,265 36,985 37,365 30,405 29,354 26,683 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 17/ 3 18/ 3 19/ 3 18/3 2Q 19/3 2Q Copyright © Tokyo Electron Device LTD. All Rights Reserved. 14

  16. Slide 16: Copyright © Tokyo Device Device

    Copyright © Tokyo Copyright © Electron Device Device Tokyo Electron LTD. AllLTD. Rights Reserved. All Rights Reserved. 15

  17. Slide 17: Full-year forecast for FY2019

    2019 3    PB  IT   Copyright © Tokyo Electron Device LTD. All Rights Reserved. 16

  18. Slide 18: Forecast summary

    2019 3 • • ( ) 159,841 68,765 71,235 140,000 19,841 12.4% 142,076 59,653 59,947 119,600 22,476 15.8% 17,764 9,111 11,289 20,400 2,636 14.8% 2,637 2,700 1,390 1,310 63 2.4% (1.7%) (1.9%) 1,598 2,000 894 1,106 402 25.1% (1.0%) (1.4%) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 17

  19. Slide 19: Forecast: EC business

    2019 3 EC    PB 142,076 115,018 119,600 73,608 59,947 62,166 52,852 68,468 59,653 10% 5% 0% 5% 10% 0 17/3 18/3 19/3 ( ) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 18

  20. Slide 20: Forecast: PB business

    2019 3 PB EC PB 3  TED TED -  10,200 TED 6,814 5,879  4,314 TED FA 4,002 2,348 4,321 2,812 1,966 0 17/3 18/3 19/3 ( ) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 19

  21. Slide 21: Forecast: CN business

    2019 3 CN    20,400 17,764 16,836 11,289 9,447 9,801 10% 5% 0% 5% 10% 7,389 7,963 9,111 0 17/3 18/3 19/3 ( ) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 20

  22. Slide 22: Dividends

    1 • 30 36 40 36 36 40 ( ) 80( ) 66 60 60 60  40% 40 83.3  64.8 62.0 41.7 40.5 (%) 0 0.0% 15/3 16/3 17/3 18/3 19/3 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 21

  23. Slide 23: Copyright © Tokyo Device Device

    Copyright © Tokyo Copyright © Electron Device Device Tokyo Electron LTD. AllLTD. Rights Reserved. All Rights Reserved. 22

  24. Slide 24: VISION2020

    VISION2020 PB TED REAL IoT EC CN VISION2020 Phase1 VISION2020 Phase2 2016 3 2018 3 2019 3 2021 3 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 23

  25. Slide 25: VISION2020 targets

    VISION2020 2,000 2,200 2,000 3.5% ROE 10% 15% EC 60% 2% 80% 2% PB 20% 10% 8% 10% CN 20% 10% 12% 10% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 24

  26. Slide 26: VISION2020 financial targets

    VISION2020 15.0% ROE 8.5% 6.8% 4.2% 4.3% 3.2% 2,000 1,598 1,318 1,400 1,116 1,178 3.5% 1.7% 1.9% 1.2% 1.4% 1.0% 0 0.0% 15/ 3 16/ 3 17/ 3 18/ 3 19/ 3 20/ 3 21/ 3 ( ) ( ) ( ) Phase1 Phase2 2016 3 2018 3 2019 3 2021 3 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 25

  27. Slide 27: TED REAL IoT

    EC PB TED REAL IoT IoT PB IT FA CN Copyright © Tokyo Electron Device LTD. All Rights Reserved. 26

  28. Slide 28: TED REAL IoT

    PB TED REAL IoT IoT AI IoT 3 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 27

  29. Slide 29: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

    Copyright © Tokyo Electron Device LTD. All Rights Reserved. 28

  30. Slide 30: Copyright © Tokyo Device Device

    Copyright © Tokyo Copyright © Electron Device Device Tokyo Electron LTD. AllLTD. Rights Reserved. All Rights Reserved. 29

  31. Slide 31: EC business sales breakdown

    EC 26% 23% 16% 13% 3% 16% 3% 24% 18% 18% 11% 3% 23% 3% 18.8% TI / NXP TI / / / / 32.3% 4.8% POS NXP/ / TI / ( ) 30.3% 1.0% / / 7.2% ( ) 25.9% / / / Copyright © Tokyo Electron Device LTD. All Rights Reserved. 30

  32. Slide 32: EC business sales by product and market

    EC 37% 26% 16% 14% 7% 43% 27% 19% 5% 6% FA 0.1% IC OA 10.5% POS PC POS 2.3% IC 69.6% IC TV DVD AV 11.4% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 31

  33. Slide 33: CN business sales breakdown

    CN 57% 37% 6% 50% 43% 7% 0.6% F5 DELL EMC 36.4% 23.8% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 32

  34. Slide 34: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

    Copyright © Tokyo Electron Device LTD. All Rights Reserved. 33

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