Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q2 FY2020 Earnings Presentation

20 slides from Taiyo Yuden's earnings presentation, Nov 11, 2019

  1. Slide 1: Consolidated Financial Results, Second quarter for the year ending March 31, 2020

    | TAIYO YUDEN Consolidated Financial Results Second quarter for the year ending March 31, 2020 Shinji Masuyama Chief of Management Planning Headquarters November 11, 2019 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary

    Financial Summary 2Q for the Year Ending March 2020 ™ There was sales and profit growth with net sales up 7% Q/Q at 73.3 billion yen, and operating income up 12% Q/Q to 10.7 billion yen. 1H for the Year Ending March 2020 ™ Operating income, ordinary income, and net income attributable to owners of p

  3. Slide 3: 2Q Consolidated Financial Results (Q/Q)

    2Q- Consolidated Fincial Results (Q/Q) FYE Mar 31, 2020 FYE Mar 31, 2020 a 1Q 2Q Change Q/Q (01 Apr 2019-30 Jun 2019) | (01 Jul 2019 — 30 Sep 2019) Net sales 68,635 | 100.0% 73,272 | 100.0% 4,636 6.8% Operating income 9,595] 14.0% 10,703} 14.6% 1,108 11.5% Ordinary income 8,846 | 12.9% 10,330} 14.1%

  4. Slide 4: 2Q - Factors driving Operating Income (Q/Q)

    2Q - Factors driving Operating Income (Q/Q) (¥ in billion) 12.5 5 Operating income , Operating income (2Q FYE Mar 2020) (1Q FYE Mar 2020) 10.7 10.0 + 96 75 Effect from capacity utilization 5.0 45 25 Effect from cost reductions 0.2 0.0 (1.0) (0.8) vei, Currency 2.5) | (1.8) Changes in - (2.5) Impact

  5. Slide 5: 2Q - Financial Results by Product Classification (Q/Q)

    2Q - Financial Results by Product Classification (Q/Q) <inminon PVE Mert, 2020 PVE Mer 1, 2020 change a0 Capacitors 43,338] 63.1% 44,473] 60.7% 1,134 26% oducts ete 8,633] 12.6% 10,742] 147%] 2,108] 24.4% integrated modules & 12,523} 182% 13,436 | 18.3% 912 73% Others 4,139] 6.0% 4,620] 63% 481 11.6

  6. Slide 6: Financial Results by Product Classification (Q/Q)

    Financial Results by Product Classification (Q/Q) (¥ in billion) 80 73.3 @ Capacitors (+3% Q/Q) 6s Sales for use in communication equipment and consumer products increased. 60 a 13.4 | @ Ferrite and applied products (+24% Q/Q) ee | ay Sales for use in communication equipment such as smartphones incr

  7. Slide 7: Sales by Market Sector

    Sales by Market Sector 100% a . gi a a . ee 13% 14% 14% een 14% oe = Consumer products ®= Information 9, — ses ones sn ss — equipment 60% am 30% 33% up = Communication equipment 40% = Automotive 20% oe orm = IT infrastructure/ Industrial aK equipment 0% *Estimated by he Company 19/3 19/3 19/3 20/3 2

  8. Slide 8: 1H Consolidated Financial Results (Y/Y)

    1H- Consolidated Fincial Results (Y/Y) roo FYE Mar 31, 2019 FYE Mar 31, 2020 Change Y/Y 1H 1H Net sales 133,565 | 100.0% 141,908 | 100.0% 8,343 6.2% Operating income 14,703 | 11.0% 20,298] 14.3% 5,595 38.1% Ordinary income 15,385 | 11.5% 19,176] 13.5% 3,791 24.6% Net income attributable to owners of

  9. Slide 9: 1H - Factors driving Operating Income (Y/Y)

    1H - Factors driving Operating Income (Y/Y) (¥ in billion) 25 7 Operating income (1H FYE Mar 2020) 20 20.3 Operating income (1H FYE Mar 2019) 415 | 14.7 10 Effect from 5 cost reductions 0 (0.4) impact of (29) (5) + Selling price Changes in fixed costs ©TAIYO YUDEN 2017 TAIYO YUDEN 9 The 7.0 billion

  10. Slide 10: 1H - Financial Results by Product Classification (Y/Y)

    1H - Financial Results by Product Classification (Y/Y) a FYE Mar 31, 2019 FYE Mar 31, 2020 Change Y/Y 1H 1H Capacitors 80,168 | 60.0% 87,812] 61.9% 7,643 9.5% Ferrite and applied products 21,154] 15.8% 19,376] 13.7% (1,777) (8.4)% Integrated modules & devices 26,369 | 19.7% 25,960] 18.3% (408) (1.6)

  11. Slide 11: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) (¥ in billion) 150 133.6 50 19/3 20/3 1H 1H ™@ Capacitors Mi Ferrite and applied products MM Integrated modules & devices Others @TAIYO YUDEN 2017 @ Capacitors (+10% Y/Y) Sales for use in automobiles, IT infrastructure/industrial equipment, and infor

  12. Slide 12: Forecast of Consolidated Performance for the Year ending March 31, 2020

    |; TAIYO YUDEN Forecast of Consolidated Performance for the Year ending March 31, 2020 ©TAIYO YUDEN 2017

  13. Slide 13: Forecast of Consolidated Performance

    Forecast of Consolidated Performance FYE Mar 31, 2020 ¥ in million FYE Mar 31, 2019 Sees Change Net sales 274,349| 100.0%] 290,000] 100.0%} 15651] 57% Operating income 35,237] 12.8% 38,000} 13.1% 2,763 78% Ordinary income 34,351] 125%] 37,000] 128%] 2649] 7.7% Snore ot arent company 23,687] 86%! 25,

  14. Slide 14: Forecast of Consolidated Performance by Product Classification

    Forecast of Consolidated Performance by Product Classification FYE Mar 31, 2020 | FYE Mar 31, 2020 ¥in million 2Q 3Q forecasts (Q/Q change) Capacitors 44,473 Same level Ferrite and applied products 10,742 (13-17)% Integrated modules & devices 13,436 (3-7)% Others 4,620 (5-10)% Total net sales 73,272

  15. Slide 15: Supplementary Information

    Supplementary Information TAIYO YUDEN ©TAIYO YUDEN 2017

  16. Slide 16: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, FYE Mar 31, FYE Mar 31, ¥ in million 2018 2019 2020 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net sales 54,072 | 64,107 | 66,053 | 59,883 | 59,576 | 73,989 | 73,963 | 66,820 | 68,635 | 73,272 Capacitors 29,747} 37,019| 38,800] 37,290| 36,184] 43,984] 47,362]

  17. Slide 17: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) (¥ in billion) 80 10 2Q 3Q 4Q|}1Q 2Q 3Q 4Q)1Q 2Q 18/3 19/3 20/3 (¥ in billion) 12.5 10.0 75 5.0 25 | 0.0 10 2Q 3Q 4Q/1Q 2Q 3Q 4Q/1Q 2a 18/3 19/3 20/3 STAIYO YUDEN 2017 TAIYO YUDEN Net sales Others | mIntegrated modules & devices = Ferrite and applied products

  18. Slide 18: Orders Received and Order Backlog Trends (Quarterly)

    Orders Received and Order Backlog Trends (Quarterly) (¥ in billion) Orders received 80.0 | | MH } 1a. 20 30 40/10 20 3Q 40/10 20 19/3 2013 Order backlog 1Q 2Q 3Q 4Q 18/3 WI 10 2Q 3Q 4Q/1Q 2Q 19/3 20/3 @ Capacitors M@ Ferrite and applied products _@® Integrated modules & devices Others ©TAIYO YUDEN 2

  19. Slide 19: Forward-looking statements

    Forward-looking statements This document contains information about the plans, business results, and strategies of TAYYO YUDEN CO., LTD. and the TAIYO YUDEN Group. These forward-looking statements other than historical facts represent judgments made by the Company based on information available at p

  20. Slide 20: ©TAIYO

    ©TAIYO YUDEN 2017 TAIYO YUDEN

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