Mirait One Corporation · TSE:1417
Mirait One — MIRAIT Holdings — FY2020 Earnings Presentation
27 slides from Mirait One's earnings presentation, May 21, 2021
Slide 1: Financial Results Presentation for FYE 3/2021
Financial Results Presentation for FYE 3/2021 May 21, 2021 MIRAIT Holdings Corporation
Slide 2: Today's Agenda
Today’s Agenda Ⅰ Financial Results for FYE 3/2021 Ⅱ FYE 3/22 full-year forecast １ FYE 3/22 full-year forecast ２ Shareholder Returns Ⅲ Topics Progress on Proposed Restructuring/ Ⅳ Merger of Three Companies （Note）”Net income attributable to owners of parent” is referred to as “net income” in this pres
Slide 3: Financial Results
Ⅰ．Financial Results
Slide 4: Orders received 474.9 bil. yen
Orders received +28.4 474.9 bil. yen 474.9 （+28.4 bil. yen yoy） 446.5 （bil. yen） 148.7 131.0 ○Work to build advanced 54.3 51.0 wireless networks ○Rakuten projects nation-wide 106.2 110.7 ○Projects for educational facilities (GIGA School) ■ ICT ■ Environmental ▲Mega-solar projects & Social 154.8 164.
Slide 5: Net sales 463.7 bil. yen
Net sales +22.6 463.7 463.7 bil. yen 441.1 （+22.6 bil. yen yoy） 375.9 （bil. yen） 312.9 5th consecutive year of ■ ICT record-high sales driven by ICT ■ Environmental & Social ■ Multi-carrier ■ ＮＴＴ business FYE 3/18 FYE 3/19 FYE 3/20 FYE 3/21 4
Slide 6: NTT Business net sales
NTT Business Net sales 157.0 bil. yen （＋0.7 bil. yen yoy） ○Facility management ▲Civil engineering 5
Slide 7: Multi-carrier Business net sales
Multi-carrier Business Net sales 98.2 bil. yen （+1.0 bil. yen） ○Rakuten projects nation-wide ○CATV work ▲Delays in projects 6
Slide 8: Environmental & Social Innovation Business net sales
Environmental & Social Innovation Business Net sales 58.1 bil. yen （▲8.6 bil. yen） ○Air conditioning ○Water utility/ sewage ▲Mega-solar ▲Electrical work 7
Slide 9: ICT Solutions Business net sales
ICT Solutions Business Net sales 150.3 bil. yen （+29.5 bil. yen） ○Domestic LAN/ Wi-Fi ○Sales of goods (GIGA school and mobile-related) ▲Lantrovision 8
Slide 10: Operating income 30.1 bil. yen
Operating income 30.1 bil. yen （+8.2 bil. yen yoy） 30.1 Operating income ratio +8.26.5% （bil. yen） 219 6.5％ 20.6 16.7 Record-high Operating income ratio 5.5% 5.3% 5 5.0% for the th consecutive year 2018.3 2019.3 2020.3 2021.3 9
Slide 11: Operating income change analysis
Operating income Gross profit margin ＋1.3p +6.0 -0.5 Operating income 30.1 bil. yen 30.1 SG&A （bil. yen） （+8.2 bil. yen） Increase in net sales +2.7 21.9 SG&A ratio ○Further operational -0.2p efficiency ○Improved SG&A ratio ○Contribution of ICT business FYE 3/20 FYE 3/21 10
Slide 12: Net income 24.2 bil. yen
Net income Net income 25.7 24.2 Sale of policy 24.2 bil. yen （bil. yen） Negative goodwill shareholdings （+9.0 bil. yen yoy） 10.0 +9.0 15.2 11.5 Improved profit 15.7 margin ＋ Sale of policy FYE 3/18 FYE 3/19 FYE 3/20 FYE 3/21 shareholdings 11
Slide 13: Medium-term Plan targets versus actual
Medium-term Plan (FYE 3/20~3/22) targets versus actual Medium-term Target Actual（FYE 3/21） （for FYE 3/22） Net sales 450.0 bil.yen 463.7 bil. yen Op. income 27.0 bil. yen 30.1 bil. yen Op. income ratio 6% 6.5％ ROE more than 8% 11.0% Targets achieved one year in advance 12
Slide 14: FYE 3/22 full-year forecast
Ⅱ． FYE 3/22 full-year forecast
Slide 15: FYE 3/22 full-year forecast
FYE 3/22 full-year forecast Orders received 480.0 bil. yen Net sales 470.0 bil. yen Operating income 30.5 bil. yen Make the strong earnings results achieved in FYE 3/21 Mirait’s ”True Potential” 14
Slide 16: Strengthen shareholder returns
Shareholder returns Strengthen shareholder returns Dividend 45 yen ⇒ 50 yen （2nd consecutive year of dividend increase） Share repurchase 3.0 bil. yen （3rd consecutive year of share repurchase） 15
Slide 17: Topics
Ⅲ．Topics
Slide 18: Productivity gains
Developing multi-skilled engineers Reducing costs and securing workforce Nation-wide deployment of fixed- communication engineers for mobile base station inspection work Productivity gains 17
Slide 19: Consolidation/integration of mobile-related work
Consolidation/ integration of mobile-related work Streamline/ consolidate operational processes to enhance efficiency contractor Primary Mobile business Transfer of business New Company New Company Mirait Mobile West Mirait Mobile East Subsidiaries Consolidate into ２ companies （East and West） Subsid
Slide 20: Creation of optimal 5G environment
Verification test for e-Sports Participating in the building of local 5G networks and technological tests (Local 5G Verification Test by Ministry of Internal Affairs and Communication) Performance evaluation of local 5G and testing of area systems Creation of optimal 5G environment 19
Slide 21: Resolving social issues
Leveraging drones in a “with COVID” environment Launch of service for anti-bacterial/ anti-virus coating Reduce frequency of sterilization required at event venues Resolving social issues （Preventing spread of infection） （Mentioned in the media: 19 newspapers/ TV） 20
Slide 22: Accelerating the transformation of the business structure
－ Accelerating the transformation of the business structure－
Slide 23: Steps for restructuring/merger of three companies
Steps for restructuring/ merger of three companies ＳＴＥＰ１ ＳＴＥＰ２ FY 2021 FY 2022 Apr. Jul. Oct. ▼ ▼ ▼ Launch of “ONE TEAM” initiative Merger Solutions Business Frontier Business Global Business MRT HD New Company MTC New Company Preparation Office 22
Slide 24: Outline of New Company
Outline of New Company Adoption of division company system Agile and flexible business operations Solutions business Carrier business Solutions East Company West Company Company Consolidation of back-office/ common functions Strengthen management base through consolidation/ achieve outstanding effic
Slide 25: Reference: purpose of restructuring/merger
Reference: purpose of restructuring/ merger Transforming the Business Structure Ａ Ｂ Solutions and other Improving profitability new domains as core of existing business businesses with carriers “With COVID-19” Ｃ Strengthening the management base ・ Group management ・ Brand ・ HR ・ IT systems ・ Safety/
Slide 26: Building and Maintaining a Bridge to the Future
Building and Maintaining a Bridge to the Future 25
Slide 27: Precautionary Statement
Precautionary Statement Statements and quotes relevant to the forecasted values in this handout are the future prospects based on the plans and prospects of the Company at this point in time. The actual business results could be significantly different from those stated in this handout due to change