Bridgestone Corporation · TSE:5108
Bridgestone — Q1 2021 Earnings Presentation
16 slides from Bridgestone's earnings presentation, May 17, 2021
Slide 1: Financial Results for 1st Quarter of Fiscal 2021
Financial Results for 1st Quarter of Fiscal 2021 Bridgestone Corporation May 17, 2021
Slide 2: Business and Financial Performance; Forecast of Business Environment
1. Business and Financial Performance ･･･ 2 for 1st Quarter of Fiscal 2021 2. Forecast of Business Environment for Fiscal 2021 ･･･ 13 1/14
Slide 3: 1. Business and Financial Performance for 1st Quarter of Fiscal 2021
1. Business and Financial Performance for 1st Quarter of Fiscal 2021 2/14
Slide 4: Business Performance and Key Initiatives in 1st Quarter of Fiscal 2021
Business Performance and Key Initiatives in 1st Quarter of Fiscal 2021 Business Performance in 1st Quarter Both sales and profit increased YoY as global tire demand recovered and sales increased mainly for TB. In terms of profit, adjusted OP margin recovered to over 10%, thanks largely to the ef
Slide 5: Business Environment Surrounding Bridgestone Group
Business Environment Surrounding Bridgestone Group Currency USD depreciated against JPY YoY, while EUR appreciated. Exchange 1USD = 106 yen, 1EUR = 128 yen (Reference) 1Q’20 1USD=109yen, 1EUR=120yen Natural rubber market remained at a high level following a large increase in Raw Material 4Q of t
Slide 6: Tire Sales Growth for 1st Quarter of Fiscal 2021
Tire Sales Growth for 1st Quarter of Fiscal 2021 PSR/LTR TBR ORR Global 107% Global 112% Ultra-Large 95％ (only REP) OE OE Global 105% Global 115% Large 116％ OE 150% Japan 94% Japan 113% REP 108% N. America 109% N. America 105% Small & Europe 95% Europe 121% 107% Medium China, Asia-Pacific 123% China
Slide 7: Consolidated Results for 1st Quarter of Fiscal 2021
Consolidated Results for 1st Quarter of Fiscal 2021 (Yen in billions) 2020 1Q Results IFRS Results restated categorizing FSBP (*1) 2021 1Q Results (*1) vs. PY (%) (*2) Results disclosed last year as discontinued operations Revenue 752.2 705.8 756.9 +7 Adjusted Operating Profit 49.8 46.1 82.3 +79 Mar
Slide 8: Analysis of Adjusted Operating Profit for 1st Quarter of Fiscal 2021
Analysis of Adjusted Operating Profit for 1st Quarter of Fiscal 2021 Operating (Yen in billions) Conversion Expenses Cost *2 +5.0 +13.0 Foreign Volume Exch. LA Currency +14.0 Loss Depreciation Others Mix *2 - Effect of Improvement in (1.0) (5.0) (4.8) Impact of the Raw Price *1 +8.0 Gemba operation
Slide 9: Consolidated Financial Results by Segment
Consolidated Financial Results for 1st Quarter of Fiscal 2021 by Segment (Yen in billions) IFRS 2020 1Q Results (*) 2021 1Q Results vs. PY (%) Consolidated Revenue 705.8 756.9 +7 Japan 224.3 225.6 +1 Americas 301.3 311.0 +3 Europe, Russia, Middle East, India and Africa 137.7 163.9 +19 China, Asia-Pa
Slide 10: Consolidated Financial Results by Product (Tire Business)
Consolidated Financial Results for 1st Quarter of Fiscal 2021 by Product (Tire Business) (Yen in billions) IFRS 2020 1Q 2021 1Q vs. PY (%) Results Results Revenue 358.4 386.6 +8 Adjusted OP 21.3 55.2 +159 PS/LT * incl. retail and credit card business Margin 6.0% 14.3% +8.3pp Revenue 165.6 178.1 +8 A
Slide 11: Consolidated Financial Results by Product (Diversified Products Business)
Consolidated Financial Results for 1st Quarter of Fiscal 2021 by Product (Diversified Products Business) (Yen in billions) IFRS Sports / Cycle Biz - Revenue: 20.8 - Adjusted OP: 1.1 Diversified Chemical & Industrial Products Business Products Biz - Revenue: 89.6 Diversified Products - Revenue: 58.9
Slide 12: B/S and C/F Highlights for 1st Quarter of Fiscal 2021
B/S and C/F Highlights for 1st Quarter of Fiscal 2021 (Yen in billions) IFRS 2020 Results 2021 1Q Results vs. Dec. 31, 2020 (as of Dec. 31, 2020) (as of Mar. 31, 2021) Total Assets 4,189.3 4,596.1 +406.8 Total Equity 2,195.3 2,548.1 +352.8 Equity Ratio (%) 51.3% 54.4% +3.1pp Interest-Bearing Debt 〈N
Slide 13: Adjusted Items and Profit from Discontinued Operations
Adjusted Items and Profit from Discontinued Operations for 1st Quarter of Fiscal 2021 2021 1Q Results (Yen in billions) 1) Adjusted Items Revenue 756.9 (Yen in billions) Adjusted Operating Profit 82.3 Adjusted Items (expenses) 1.4 Main Items Expenses related to the closure Business and plant Adjuste
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 USD expected to appreciate against JPY compared with Feb assumption (1USD=103 yen) Exchange EUR expected to remain at around the same level as Feb assumption (1EUR=126 yen) Raw Material Both natural rubb
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