Bridgestone Corporation · TSE:5108
Bridgestone — Q3 2021 Earnings Presentation
16 slides from Bridgestone's earnings presentation, Nov 11, 2021
Slide 1: Financial Results for 3rd Quarter of Fiscal 2021
Financial Results for 3rd Quarter of Fiscal 2021 Bridgestone Corporation November 11, 2021
Slide 2: Business and Financial Performance; Forecast of Business Environment
1. Business and Financial Performance ･･･ 2 for 3rd Quarter of Fiscal 2021 2. Forecast of Business Environment for Fiscal 2021 ･･･ 13 1/14
Slide 3: 1. Business and Financial Performance for 3rd Quarter of Fiscal 2021
1. Business and Financial Performance for 3rd Quarter of Fiscal 2021 2/14
Slide 4: Overview of the Performance for 3rd Quarter of Fiscal 2021
Overview of the Performance for 3rd Quarter of Fiscal 2021 Business and Financial Highlights for 3rd Quarter of Fiscal 2021 In 3Q, PS/LT OE sales slowed down due to the shortage of semiconductors, but REP sales in the premium segment were strong, resulting in a significant increase in sales and pr
Slide 5: Business Environment Surrounding Bridgestone Group
Business Environment Surrounding Bridgestone Group Currency Both USD and EUR appreciated against JPY compared with PY Exchange 1USD = 109 yen, 1EUR = 130 yen (Reference) 2020 Jan-Sep: 1USD = 107yen, 1EUR = 121yen Raw Material Natural Rubber : inflation since last year subsided slightly, but pr
Slide 6: Tire Sales Growth for 9 months ended Sep 30, 2021
Tire Sales Growth for 9 months ended Sep 30, 2021 (vs. PY / vs. 2019) (*) 3Q (Jul-Sep) PSR/LTR TBR ORR vs. 2019: 103% vs. PY vs. 2019 vs. PY vs. 2019 vs. PY vs. 2019 Global 112% 88% Global 118% 95% Ultra-Large (*) 108％ 94％ OE OE (only REP) Global 111% 79% Global 134% 88% Large 134％ 104％ Japan 101% 7
Slide 7: Consolidated Financial Results for 9 months ended Sep 30, 2021
Consolidated Financial Results for 9 months ended Sep 30, 2021 (Yen in billions) IFRS 2020 9 months 2021 9 months vs. PY (%) Results 1H vs. PY (%) 3Q vs. PY (%) Results (*2) (*2) (*1) (*2) Revenue 2,004.2 1,568.8 +24 833.0 +12 2,401.8 +20 Adjusted Operating Profit 103.7 176.2 +369 101.7 +54 277.9 +1
Slide 8: Analysis of Adjusted Operating Profit for 9 months ended Sep 30, 2021
Analysis of Adjusted Operating Profit for 9 months ended Sep 30, 2021 (Yen in billions) (*3) Conversion Cost Foreign Others +87.0 Exch. Gain +33.2 277.9 +12.0 Volume (*4) Operating LA Currency +87.0 Expenses Depreciation (50.0) (9.0) (*1) Reclassification Raw Mix *3 (*2) - Effect of Improvement in M
Slide 9: Consolidated Financial Results by Segment for 9 months ended Sep 30, 2021
Consolidated Financial Results by Segment for 9 months ended Sep 30, 2021 (Yen in billions) IFRS 2020 2021 vs. PY (%) 9 months Results 9 months Results Consolidated Revenue 2,004.2 2,401.8 +20 Japan 613.0 683.1 +11 Americas 849.7 1,046.8 +23 Europe, Russia, Middle East, India and Africa 394.7 507.5
Slide 10: Consolidated Financial Results by Product (Tire Business)
Consolidated Financial Results by Product for 9 months ended Sep 30, 2021 (Tire Business) (Yen in billions) IFRS 2020 2021 vs. PY (％) 9 months Results 9 months Results Revenue 1,018.0 1,215.5 +19 Adjusted OP 54.3 171.1 +215 PS/LT * incl. retail and credit card business Margin 5.3% 14.1% +8.7pp Reven
Slide 11: Consolidated Financial Results by Product (Diversified Products Business)
Consolidated Financial Results by Product for 9 months ended Sep 30, 2021 (Diversified Products Business) (Yen in billions) IFRS Sports / Cycle Biz - Revenue: 55.5 - Adjusted OP: 2.0 Diversified Products Business Diversified Products Biz - Revenue: 263.5 Chemical & Industrial in Americas (Air Spring
Slide 12: B/S and C/F Highlights for 3rd Quarter of Fiscal 2021
B/S and C/F Highlights for 3rd Quarter of Fiscal 2021 (Yen in billions) IFRS 2020 Results 2021 3Q Results vs. Dec 31, 2020 (as of Dec 31, 2020) (as of Sep 30, 2021) Total Assets 4,189.3 4,452.7 +263.3 Total Equity 2,195.3 2,638.9 +443.6 Equity Ratio (%) 51.3% 58.3% +7.0pp Interest-Bearing Debt 〈Net〉
Slide 13: Adjusted Items and Profit from Discontinued Operations
Adjusted Items and Profit from Discontinued Operations for 9 months ended Sep 30, 2021 2021 9 months Results (Yen in billions) 1) Adjusted Items (Yen in billions) Revenue 2,401.8 Adjusted Items 12.2 Main Items Adjusted Operating Profit 277.9 Business and plant restructuring Expenses relating to the
Slide 14: 2. Forecast of Business Environment for Fiscal 2021
2. Forecast of Business Environment for Fiscal 2021 13/14
Slide 15: Forecast of Business Environment for Fiscal 2021
Forecast of Business Environment for Fiscal 2021 Forecast of Business Environment Currency Both USD and EUR are expected to appreciate slightly against JPY compared with the Exchange previous forecast in August. Raw Material Both natural rubber and crude oil prices are expected to remain at a hi
Slide 16: 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