Azbil Corporation · TSE:6845
Azbil — H1 FY2015 Earnings Presentation
31 slides from Azbil's earnings presentation, November 2015
Slide 1: Analyst Meeting Materials
Human-centered Automation Azbil Corporation RIC: 6845.T, Sedol: 6985543 Analyst Meeting Materials For the First Half Ended September 30, 2015 (Based on Japanese GAAP) <Contents> 1. Financial Results for the First Half Ended September 30, 2015 2. Financial Plan for the Year Ending March 31, 2016 3. R
Slide 2: Notes
Notes: 1. Financial data and financial statements have been prepared based on Japan GAAP and the amounts have been rounded down. 2. Segment names are abbreviated as follows. B A: Building Automation A A: Advanced Automation L A: Life Automation 3. Each segment amounts include internal transactions b
Slide 3: Notes: accounting policy changes
Notes: 7. To coincide with the introduction of the new core information system, from this fiscal year the following changes in accounting policies and strengthening of the administrative system have been made: 1) The way to record orders received for multi-year contracts. (■ The impact from this cha
Slide 4: 1. Financial Results for the First Half Ended September 30, 2015
1. Financial Results for the First Half Ended September 30, 2015 3
Slide 5: Consolidated Financial Results
1. Financial Results for the First Half Ended September 30, 2015 Consolidated Financial Results ■ Compared to the plan (5/13/2015) Due to the focus on sales activities for large-scale projects in the new building field, overall BA business sales were below the level set in the plan. Also, due to unc
Slide 6: Segment Information - BA Business
1. Financial Results for the First Half Ended September 30, 2015 Segment Information - ■ BA Business ■ Compared to the plan (5/13/2015) Sales remained robust for new buildings thanks to redevelopment projects in the Tokyo metropolitan area, but fell short of the plan in the market for existing build
Slide 7: Segment Information - AA Business
1. Financial Results for the First Half Ended September 30, 2015 Segment Information - ■ AA Business ■ Compared to the plan (5/13/2015) Although there have been clear benefits to fostering business expansion in the HA/FA field* by launching new products, sales fell short of the plan owing to the eff
Slide 8: Segment Information - LA Business
1. Financial Results for the First Half Ended September 30, 2015 Segment Information - ■ LA Business ■ Compared to the plan (5/13/2015) Sales were up to the level set by the plan. Steady progress was made with business structure reforms, mainly in the Life Science Engineering (LSE) field, and overal
Slide 9: [Reference] Orders Received by Segment
1. Financial Results for the First Half Ended September 30, 2015 [Reference] Orders Received by Segment [Billions of yen] 175.0 150.0 125.0 100.0 75.0 50.0 25.0 0.0 2013/3 2014/3 2015/3 2016/3 H1 H2 H1 H2 H1 H2 H1 ■BA 63.9 41.8 64.4 44.0 76.1 46.1 85.5 ■AA 45.2 41.4 46.5 46.5 49.1 47.9 50.1 ■LA 18.3
Slide 10: [Reference] Sales by Segment
1. Financial Results for the First Half Ended September 30, 2015 [Reference] Sales by Segment [Billions of yen] 175.0 150.0 125.0 100.0 75.0 50.0 25.0 0.0 2013/3 2014/3 2015/3 2016/3 H1 H2 H1 H2 H1 H2 H1 ■BA 45.3 62.0 45.0 64.4 46.6 67.6 48.1 ■AA 42.6 45.0 42.4 48.3 44.5 49.0 43.6 ■LA 17.5 16.4 24.2
Slide 11: [Reference] Segment Profit (Operating Income)
1. Financial Results for the First Half Ended September 30, 2015 [Reference] Segment Profit (Operating Income) [Billions of yen] 15.0 12.5 10.0 7.5 5.0 2.5 0.0 (2.5) 2013/3 2014/3 2015/3 2016/3 H1 H2 H1 H2 H1 H2 H1 ■BA 1.7 8.4 1.5 9.0 2.4 9.8 1.7 ■AA 1.9 1.7 1.2 2.7 2.0 3.0 1.5 ■LA (0.1) (0.2) (0.3)
Slide 12: Overseas Sales by Region
1. Financial Results for the First Half Ended September 30, 2015 Overseas Sales by Region [Billions of yen] 25.0 24.0% <Compared to the same period last year> 20.0% Overseas sales grew for 20.0 all 3 businesses, thanks 16.0% in part to favorable 15.0 exchange rates. 12.0% ■ In Asia, all businesses 1
Slide 13: Consolidated Financial Position
1. Financial Results for the First Half Ended September 30, 2015 Consolidated Financial Position Owing to seasonal factors, the assets and liabilities of the azbil Group tend to be lower at the end of the first half than at the end of the previous fiscal year. ■ Assets Total assets decreased by 22.9
Slide 14: Consolidated Cash Flows
1. Financial Results for the First Half Ended September 30, 2015 Consolidated Cash Flows ■ Cash flow from operating activities was slightly less than for the same period last year, but cash flow from investing activities increased as a result of time deposit refunds and the sales of securities. Free
Slide 15: 2. Financial Plan for the Year Ending March 31, 2016
2. Financial Plan for the Year Ending March 31, 2016 14
Slide 16: Revised Plan
2. Financial Plan for the Year Ending March 31, 2016 Revised Plan We revised the financial plan for the year ending Mar. 31, 2016 as follows. Net sales was set at 256.0 billion yen (7.0 billion yen lower than the initial plan) and operating income was set at 17.0 billion yen (1.7 billion yen lower t
Slide 17: Segment Information (1)
2. Financial Plan for the Year Ending March 31, 2016 Segment Information (1) [Billions of yen] Revised Initial plan Difference Difference Last year plan (5/13/2015) (A) - (B) % Change (A) - (C) % Change (A) (B) (C) ■ B A Sales 119.0 121.5 (2.5) (2.1) 114.3 4.6 4.1 [Goodwill amortization costs] [-] [
Slide 18: Segment Information (2)
2. Financial Plan for the Year Ending March 31, 2016 Segment Information (2) Thanks to a favorable business environment, the performance for 2nd half is expected to be on a par with the initial plan ＢＡ Building Robust demand is expected for urban redevelopment, for the 2020 Summer Olympic and Paraly
Slide 19: [Reference] Sales by Segment
2. Financial Plan for the Year Ending March 31, 2016 [Reference] Sales by Segment [Billions of yen] 300.0 200.0 100.0 0.0 2013/3 2014/3 2015/3 2016/3 (Revised Plan) ■ B A 107.4 109.5 114.3 119.0 ■ A A 87.6 90.8 93.6 93.0 ■ L A 33.9 *1 49.5 *2 47.3 45.0 Consolidated 227.5 248.4 254.4 256.0 *1 In the
Slide 20: [Reference] Segment Profit (Operating Income)
2. Financial Plan for the Year Ending March 31, 2016 [Reference] Segment Profit (Operating Income) [Billions of yen] 20.0 15.0 10.0 5.0 0.0 (5.0) 2013/3 2014/3 2015/3 2016/3 (Revised Plan) ■ B A 10.1 10.5 12.2 11.8 ■ A A 3.6 3.9 5.0 4.5 ■ L A (0.3) *1 (0.6) *2 (1.9) 0.7 Consolidated 13.4 13.9 15.3 1
Slide 21: 3. Return to Shareholders
20 3. Return to Shareholders azbil
Slide 22: Annual Dividend: 67 yen per share
3. Return to Shareholders Dividend Plan Dividend Plan for the Fiscal Year Ending March 2016 →No change from the initial plan Annual Dividend: 67 yen per share (Increase annual dividend of 63 yen by 4 yen in ordinary dividend in fiscal year ended March 2015) [Basic policy] We place great importance o
Slide 23: Repurchase of Own Shares
3. Return to Shareholders Repurchase of Own Shares Repurchase of Own Shares →Carried out as the initial plan Total amount of repurchase: approx. 1,998 million yen Total number of shares to be repurchased: 600,000 shares Period of repurchase: May 14, 2015 - June 8, 2015 Taking into consideration the
Slide 24: 4. Toward Future Business Development
4. Toward Future Business Development Looking beyond the medium-term plan while adjusting to changes in the business environment 23
Slide 25: Medium-term Plan (2013/4-2017/3)
4. Toward Future Business Development Medium-term Plan (2013/4-2017/3) Through the pursuit of “human-centered automation”, 1. Shift to the business that supports customers throughout the lifecycle of their facilities; 2. Acceleration of global business development making use of the group synergy; 3.
Slide 26: Business reforms and strengthening corporate structure
4. Toward Future Business Development The success of business reforms and efforts to strengthen the corporate structure BA business AA business LA business Strengthening the foundations of the Shifting to growth fields (HA/FA field), Structural reform of Azbil Telstar (business Business segmen
Slide 27: Measures aimed at further growth(1)
4. Toward Future Business Development Measures aimed at further growth(1) Building an advanced Group R&D / production system 1. Restructuring & upgrading the Group’s R&D / production system 1) Fujisawa Technology Center ▶Upgrade as Group R&D center [Completion scheduled for summer 2019] The Group’
Slide 28: Measures aimed at further growth(2)
4. Toward Future Business Development Measures aimed at further growth(2) Acceleration of reforms to the structure of each business 1. BA business: ensuring that we tap into growing demand, strengthening job processing 1) Reinforcing the sales/service system in the Tokyo metropolitan area [Completio
Slide 29: Relevant Information
28 Relevant Information azbil
Slide 30: Capital Expenditure, Depreciation and R&D Expenses
Relevant Information Capital Expenditure, Depreciation and R&D Expenses [Billions of yen] ■ Capital Expenditure, Depreciation ■ R&D Expenses, R&D Expenses/Net Sales 12.0 12.0 6.0% 8.0 8.0 4.0% 4.9 4.0 4.0 2.0% 1.9 1.4 0.0 0.0 0.0% 2013/3 2014/3 2015/3 2016/3 2013/3 2014/3 2015/3 2016/3 （ Plan/Result
Slide 31: azbil Group Philosophy
azbil Group Philosophy To realize safety, comfort, and fulfillment in people’s lives and contribute to global environmental preservation through “human-centered automation” 30