Unipres Corporation · TSE:5949
Unipres — FY2021 Earnings Presentation
38 slides from Unipres's earnings presentation, 2022
Slide 1: Financial Results of FY2021
=_» UNIPRES UNIPRES CORPORATION Financial Results of FY2021 UNIPRES CORPORATION
Slide 2: Full-year Results, Forecast FY2022, Medium-term Business Policies
Full-year Results for Fiscal Year 2021 Forecast of Fiscal Year 2022 Medium-term Business Policies Copyright© UNIPRES CORPORATION, All Rights Reserved. 2 2
Slide 3: Full-year Results for Fiscal Year 2021
Full-year Results for Fiscal Year 2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 3 3
Slide 4: Fiscal Year 2021 Financial Highlights
Fiscal Year 2021 Financial Highlights Although having the limited impacts of the COVID-19 and positive exchange rate, sales remained at 254.4 billion yen and operating loss at 7.5 billion yen due to the customers’ production cutbacks caused by the global shortage of semiconductor supplies. Copyright
Slide 5: Consolidated Financial Results for FY2021
Consolidated Financial Results for FY2021 Net sales increased by 19.9 billion yen (+8.5%) compared with the same period of the previous year. Operating profit improved by 3.8 billion yen compared with the same period of the previous year. 40 Transition in business results 400 Net Sales (billion
Slide 6: Consolidated Financial Results by Quarter
Consolidated Financial Results by Quarter Despite the full-year operating loss, the company turned to profitability in the fourth quarter. (billion yen) Net sales (billion yen) Operating profit 100 10 5 4.4 50 0 -3.2 -4.0 77.1 -4.7 64.2 55.1 58.0 -5 0 -10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Copyright© UNIPRES
Slide 7: Consolidated Sales by Product Group
Consolidated Sales by Product Group (billion yen) FY2020 FY2021 Variance Variance % Sales % Sales % Car body press products 195.9 83.5% 217.7 85.6% +21.8 +2.1% Transmission products 33.1 14.1% 31.7 12.4% -1.4 -1.7% Plastic 3.0 1.3% 3.1 1.2% +0.1 -0.1% products Other 2.5 1.1% 1.9 0.8% -0.6 -0.3% Tota
Slide 8: Consolidated Sales by Customer (Nissan Motor-related Products)
Consolidated Sales by Customer（Nissan Motor-related Products） The composition ratio decreased by 0.8% mainly due to declining sales of Nissan Motor and Nissan Mexicana. (billion yen) FY2020 FY2021 Variance Sales % Sales % Nissan Motor-related products Sub-total 191.2 81.5% 205.3 80.7% -0.8% Dongfe
Slide 9: Consolidated Sales by Customer (Other Customers)
Consolidated Sales by Customer (Other Customers) The composition ratio rose by 0.8% due to increased sales of MITSUBISHI MOTORS CORPORATION. (billion yen) FY2020 FY2021 Sales % Sales % Variance Other customers Sub-total 43.3 18.5% 49.1 19.3% +0.8% Incl.） Honda of America Mfg., Inc. 5.6 2.4% 4.7 1.
Slide 10: Operating Profit Variance Analysis
Operating Profit Variance Analysis (billion yen) 5 Others ：0 0 -7.5 -5 -11.3 -10 4.9 -1.1 1.1 -1.0 2.0 -1.1 -0.1 -0.9 -15 -20 adjustment Consolidation Volume fluctuation /amortization Depreciation parts new car model Initial cost for SG&A Cost saving reinforcement Production Forex & model mix etc. F
Slide 11: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) Net sales dropped by 2.9% due to the customers' production declines caused by the prolonged COVID-19 pandemic and the shortage of semiconductor supplies. 3.7 billion yen improvement in operating profit was achieved through the efforts in saving costs like
Slide 12: Sales/Operating Profit by Region (The Americas)
Sales/Operating Profit by Region (The Americas) Net sales rose by 2.7% due to customers’ production increase and Forex impact.. 1.6 billion yen improvement in operating profit was achieved through the efforts of cost saving. （億円） (billion yen) (billion yen) Net sales Operating profit 150 10 firs
Slide 13: Sales/Operating Profit by Region (Europe)
Sales/Operating Profit by Region (Europe) Despite the customers' production cutbacks, net sales increased by 34.3% due to the sales of dies and equipment and the impact of weaker yen exchange rate. Operating loss was 4.1 billion yen. (billion yen) (billion yen) Net sales Operating profit 50 2 fi
Slide 14: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) Despite the customers' production cutbacks, net sales increased by 17.4% due to Forex impact. Although impacted by customers’ production decrease and the costs of new plant in China, operating profit increased slightly by 0.1 billion yen because of rising
Slide 15: Capital Investment
Capital Investment Capital investment peaked in FY2019 and significantly declined subsequently. (billion yen) 40 37.9 Overseas business result Domestic business result 30.7 30 14.2 9.8 20 19.3 18.6 18.8 16.7 4.8 14.0 6.4 9.4 6.2 23.7 3.6 10.8 10 20.9 3.4 8.0 13.8 3.0 12.4 9.9 10.5 10.4 7.4 5.0 0 F
Slide 16: Capital Investment & Depreciation/Amortization
Capital Investment & Depreciation/Amortization Capital investment decreased by 11.9 billion yen from the previous year. (4.2 billion yen decrease compared to the plan) Depreciation/Amortization decreased by 1.0 billion yen from the previous year. (0.5 billion yen decrease compared to the plan) (
Slide 17: Cash Flows
Cash Flows (billion yen) Significant improvement was made in free cash flow. 40 Cash flow from operating activities Cash flow from investing activities Free cash flow 30 20 37.9 1.2 28.2 10 19.2 18.7 4.5 18.9 14.6 14.813.6 12.8 17.1 11.6 10.5 10.6 5.7 8.3 4.3 0 -1.8 -1.1 -7.1 -6.3 -9.1 -10 -20.3 -
Slide 18: Interest-bearing Debt & Net Interest-bearing Debt Balance
Interest-bearing Debt & Net Interest-bearing Debt Balance Interest-bearing debts increased by 12.1 billion yen on a year-on-year basis. Net interest-bearing debts including cash and deposits became 55.0 billion yen. (billion yen) 100 Long-term loans payable Short-term loans payable Interest-bear
Slide 19: Equity to Total Assets
Equity to Total Assets The ratio of equity to total assets was 40.6%, the same level as the previous year because of the losses including the ones attributable to owners of parents. （％） 70 59.9 60 58.5 48.7 50 40.9 40.6 40 30 End-March, End-March, End-March, End-March, End-March, Copyright© UNIPRE
Slide 20: Dividends
Dividends No interim dividend paid as no improvement was made in the result of the 2nd quarter in FY2021. 10.00 yen year end dividend is planned based on the consideration that returning to shareholders by maintaining stable and appropriate level of dividend is our basic important policy. ( yen)
Slide 21: Forecast of Fiscal Year 2022
Forecast of Fiscal Year 2022 Copyright© UNIPRES CORPORATION, All Rights Reserved. 21 21
Slide 22: Forecast of Fiscal Year 2022
Forecast of Fiscal Year 2022 １. Although the situation remains uncertain due to unstable factors such as semiconductor supply shortages, rising resource prices, and the situation in Ukraine, net sales are forecast to increase as the orders from the customers are expected to recover. ２. Operating pro
Slide 23: Consolidated Business Forecast for FY2022
Consolidated Business Forecast for FY2022 Transition in business results Net Sales (billion yen） 40 400 Net sales 292.0 Operating profit (billion yen) 30 234.5 254.4 300 20 200 10 100 Operating profit 0 6.3 0 -11.3 -7.5 -10 -100 -20 -200 FY2020 FY2021（A） FY2022（B） （B）-（A) Net sales 234.5 254.4 292.0
Slide 24: Consolidated Sales by Product Group
Consolidated Sales by Product Group (billion yen) FY2021 FY2022 Variance Variance % Sales % Sales % Car body press products 217.7 85.6% 251.2 86.0% +33.5 +0.4% Transmission products 31.7 12.4% 35.8 12.3% +4.1 -0.1% Plastic 3.1 1.2% 3.1 1.1% 0.0 -0.1% products Other 1.9 0.8% 1.9 0.6% 0.0 -0.2% Total
Slide 25: Forecast of Operating Profit Variance Analysis
Forecast of Operating Profit Variance Analysis (billion yen) 10 Others：0 5 -2.4 6.1 6.3 0 -1.5 11.5 -0.4 0.1 0.5 -0.1 -7.5 -5 -10 -15 -20 Volume fluctuation & model mix etc. amortization Depreciation/ Cost saving reinforcement Production parts new car model Initial cost for adjustment Consolidation
Slide 26: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) Net sales growth is projected as the customers’ productions increase. Operating profit is projected to grow through sales increase and cost reduction efforts. (billion yen) (billion yen) Net sales Operating profit 100 10 -0.4 0 -5.4 50 -9.1 95.2 73.4 71.3
Slide 27: Sales/Operating Profit by Region (the Americas)
Sales/Operating Profit by Region (the Americas) Net sales growth is projected as the customers’ productions increase. Operating profit is projected to grow through sales increase and cost reduction efforts. (billion yen) (billion yen) Net sales Operating profit 100 10 5 2.8 50 0 -2.3 -0.7 69.4 7
Slide 28: Sales/Operating Profit by Region (Europe)
Sales/Operating Profit by Region (Europe) Net sales growth is projected as the customers’ productions increase. Operating profit is projected to grow through sales increase and cost reduction efforts. (billion yen) Net sales (billion yen) Operating profit 40 2 0 -0.6 20 -2 -3.6 38.7 -4.1 31.3 23
Slide 29: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) Net sales projected to grow due to reasons including yen’s depreciation mainly in China. Slight decrease is projected in operating profit due to the new plant costs in China. (billion yen) (billion yen) Net sales Operating profit 100 10 50 5 82.2 83.6 70.0
Slide 30: Capital investment & Depreciation/Amortization plan
Capital investment & Depreciation /Amortization plan 0.8 billion yen decrease from the previous year is planned in capital investment. Depreciation / amortization projected to increase by 2.0 billion yen as the mass productions of the new model to which investments were made in FY2020 and beyond
Slide 31: Dividends
Dividends The annual dividend per share for FY2022 is projected to be 20.00 yen. ( yen) 70.00 Dividends at year-end Dividends at end of 2nd quarter 60.00 55.00 55.00 50.00 40.00 27.50 27.50 30.00 20.00 20.00 27.50 27.50 10.00 10.00 10.00 10.00 10.00 10.00 10.00 0.00 FY2018 FY2019 FY2020 FY2021 FY2
Slide 32: Medium-term Business Policies
Medium-term Business Policies Copyright© UNIPRES CORPORATION, All Rights Reserved. 32 32
Slide 33: FY2022-2024 Medium-term Business Policies
FY2022-2024 Medium-term Business Policies Achievement of Corporate Sustainability Creation of “Economic values”and “Social values” at the same time 【Corporate Philosophy】 “Perfecting Machine Press Technologies: Going a Step Beyond” 【Medium-term Aiming to become the global number one company by Bus
Slide 34: Three Important Corporate Challenges
Three Important Corporate Challenges Fusion with Technological different AI Transformation innovation industries EV shift IoT IoT of Monozukuri Changes in the circumtance Major industrial innovations and Changes of production sites surrounding response to carbon neutrality. through new information /
Slide 35: FY2022-2024 Medium-term Business Policies Quantitative Target
FY2022-2024 Medium-term Business Policies Quantitative Target 4,500 FY2024 Net sales Operating profit 12.5 18.5 4,000 6.3 25 （billion yen） 310 Net sales 3,500 3.3 billion yen -7.5 292 304 310 Finance Operating profit 18.5 3,000 295.6 -11.3 -5 billion yen 254.4 indicator 2,500 Operating income 234.5
Slide 36: UNIPRES
<4 D> UNIPRES
Slide 37: Reference: Exchange rate
Exchange rate Reference （yen） FY2020 FY2021 Preconditions of FY2022 Average for Average for forecast the period term end the period term end US $ 105.95 110.72 113.06 122.41 115.00 STG ￡ 136.92 139.87 151.91 155.24 150.00 EURO 121.97 126.99 130.36 130.52 130.00 MEX $ 4.96 5.20 5.42 5.59 5.50 RMB 15.
Slide 38: Precautions for treatment of material
Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain