Nagoya Railroad Co., Ltd. · TSE:9048
Nagoya Railroad — H1 FY2021 Earnings Presentation
43 slides from Nagoya Railroad's earnings presentation, Nov 16, 2021
Slide 1: Six-month Period Ending September 30, 2021 Financial Results Presentation for Investors
Six-month Period Ending September 30, 2021 Financial Results Presentation for Investors Nagoya Railroad Co., Ltd. Securities Code : 9048 November 16, 2021 Copyright © Nagoya Railroad Co., Ltd.
Slide 2: Current Situation and Measures to Address Management Issues
Current Situation and Measures to 01 Address Management Issues Copyright © Nagoya Railroad Co., Ltd. 01
Slide 3: Group Business Performance (Second Quarter Result)
Group Business Performance (Second Quarter Result) Group Business Performance Summary of Results Previous Forecast Apr.-Jun. Results Jul.-Sept. Results Cumulative Results Year-on-year change Compared to the forecast （As of May） Billons Billons Billons Billons Billons Billons Operating revenues 108.4
Slide 4: Group Business Performance (FY2021 Full-year Forecast)
Group Business Performance (FY2021 Full-year Forecast) Group Business Performance Summary of Performance Forecast Percent Change（%） Previous Forecast Change from Current forecast Change （As of May） FY2020 result Billons Billons Billons Billons Operating revenues ※ 500.0 of 530.0 of - 30.0 of + 18.3
Slide 5: The Company's Passengers
The Company’s Passengers ■ The Railroad Passengers [Total] Apr.-Sept. total : 158 millons of people, Percent Change compared to 2019 : -24.0％ ＊Figures on graphs are percent change compared to 2019 (Unit:Millions of people) (Unit:people) 2019 2019年 2020 2020年 2021 2021年 COVID-19 patients in Aichi pre
Slide 6: Management Issues Based on the Current Situation and Changes in the Business Environment
Management Issues Based on the Current Situation and Changes in the Business Environment Business Environment Current Situation After the COVID-19 situation Remote working, Continuous Likely to stay somewhat common, *The impact of online classes has eased Online classes・Conferences somewhat. except
Slide 7: Initiatives in the Railroad Business(1)
Initiatives in the Railroad Business(１) 【Current Initiatives】 Focus on cost reduction to achieve profitability Reducing labor and making costs more appropriate Enhancing our earnings power Established the Railway Business Reform Department within the Railroad Business HQ. Revision of timetables to m
Slide 8: Initiatives in the Railroad Business(2)
Initiatives in the Railroad Business(2) 【Initiatives for the Next Fiscal Year and Beyond】 Promote structural reforms to optimize costs and reduce labor in line with demand, and take steps to improve earnings power Reducing labor and making costs more appropriate in line with demand Shifting more tow
Slide 9: Initiatives in the Bus Business and the Taxi Business
Initiatives in the Buss Business and the Taxi Business 【Bus Business】 Work to secure revenue 【Taxi Business】 Strengthen management structure in response to demand through business restructuring 【Improve Profitability of Bus Business】 ●Introducing Dynamic pricing in highway bus business ●Strengthen c
Slide 10: Initiatives in the Travel business and the Bus tour business
Initiatives in the Travel business and the Bus tour business Aim to build efficient management through the selection and concentration of business fields, downsizing of businesses, digital transformation, etc., while proceeding with current initiatives (orders for COVID-19 vaccination projects) 【Tra
Slide 11: Initiatives in the Hotel business
Initiatives in the Hotel business Reviewing the portfolio while improving the efficiency of the management system through the establishment of a holding company 【Building an efficient management structure 【Revise the business portfolio based on the Hotel strategy】 by founding the pure holding compan
Slide 12: Further strengthening real estate business(1)
Further strengthening real estate business(1) Reorganizing real estate business of our group, aiming to acquire a solid position as “a city planning business” that improves regional value in the Chubu region 【The Basic Policy of the Meitetsu Group’s Medium-term Management Plan, Turn-Over 2023】 To co
Slide 13: Further strengthening real estate business(2)
Further strengthening real estate business(2) The real estate business of Nagoya Railroad will be transferred to Meitetsu Real Estate, and Meitetsu Real Estate will be the real estate integration company. Established a new department to promote regional revitalization⇒ Play a role as a control tower
Slide 14: Further strengthening real estate business(3)
Further strengthening real estate business(3) Promoting real estate development in line with the gradual migration of populations and the concomitant changes in lifestyles 【The main real estate development in the future】 Multi-purpose development Office Condominium Jingū-mae Station West Area Invest
Slide 15: Tourism revitalization by deepening cooperation with regional area
Tourism revitalization by deepening cooperation with regional area Tapping into demand for micro tourism, deepening cooperation among local governments and groups, and further promoting the revitalization of tourism along the line 【Meitetsu Group Project to Revitalize Tourism along Train Lines】 ～Gif
Slide 16: Reinforcing earnings power in fields where growth is expected
Reinforcing earnings power in fields where growth is expected Further strengthening competitive businesses, including ground and air transport 【Transport Business】 image ➣Strengthening our earnings power by upgrading large scale distribution centers ⇒Relocation of Meitetsu Transportation’s Komaki br
Slide 17: Meitetsu Nagoya Station District Redevelopment Project
Moving forward with plans related to the Meitetsu Nagoya Station District Redevelopment Project Promote efforts to enhance the value of the Nagoya station district until the project is launched, while working toward a decision on the direction of the project by fiscal 2024 【FY2024 Determining the bu
Slide 18: Promoting DX(1)
Promoting DX(1) Promoting initiatives to realize the area version of the MaaS app 【The area version of the MaaS app】 【Micro MaaS】 Ex.Okazaki City Tourism MaaS Demonstration Experiment The area version of the MaaS app, scheduled for release in March 2022, will serve the Chubu region, connecting trans
Slide 19: Meitetsu Group traffic network based on Aichi and Gifu Prefectures
(Reference) Meitetsu Group traffic network based on Aichi and Gifu Prefectures. Provide a full lineup of diverse transportation options Cover the entire Chubu area ・Commuting Railroad ・Sightseeing ・Access for Airport ・Fix-route busses Bus ・High way Busses ・Chartered Busses ・Taxi Taxi (Regular・Sights
Slide 20: Promoting DX(2)
Promoting DX(2) Develop new data centers, use drones to improve facility maintenance efficiency, and build and utilize the Meitetsu Group data integration platform 【Meitetsucom new data center】 【Improving facility maintenance efficiency】 ➣Increase in the volume of data traffic circulating in domesti
Slide 21: ESG Initiatives
ESG Initiatives Establish a new ESG Implementation Committee to formulate Group policies and strengthen ESG initiatives 【ESG Implementation Committee】 Established on July 1,2021 Positioning of the Basic Sustainability Policy Established the ESG Implementation Committee, chaired by the President, for
Slide 22: Group Growth Strategy
Group Growth Strategy Achieve long-term growth through business activities that support society while revitalizing local communities through Group-wide efforts Mission： Work to improve the value of the region and give back to the community over the long haul. Establish a regional presence Support So
Slide 23: Image of Meitetsu Group growth strategy
Image of Meitetsu Group growth strategy グループ一体となって地域を活性化するとともに、社会を支える事業活動を通じて長期的な成長を目指す Copyright © Nagoya Railroad Co., Ltd. 22
Slide 24: Six-month Period Ending Financial Results
0２ Six-month Period Ending Financial Results Copyright © Nagoya Railroad Co.,Ltd. 23
Slide 25: Six-month Period Ending Financial Results
Six-month Period Ending Financial Results *Figures in parentheses are the year-on year percent change FY2021 FY2020 Change＊ Latest Forecast Notes (As of May) Change 1st Half 1st Half -2,658 -20,715 Operating revenues ※ 224,284 226,942 245,000 (-1.2) (-8.5) Operating expenses 226,928 241,930 -15,002
Slide 26: Financial Results Highlights
Financial Results Highlights Year-on year：Lower revenues・A return to profitability (Sales increased in real terms, excluding the effects of the adoption of revenue recognition standards. Operating loss decreased due to improved revenues and expenses, and ordinary and profit returned to the black.) (
Slide 27: Operating Results by Segment
Operating Results by Segment （Units : Millions of yen,%） FY2021 Six months ended September FY2020 Percent Rate of change (excluding Latest Forecast Percent Operating revenues 30, 2021 (excluding effects of Change the effects of revenue (As of May) Change Change 1st Half revenue recognition changes)
Slide 28: Traffic Business
Traffic Business （Units : Millions of yen,%） FY2021 FY2020 Percent The impact of Real increase Change revenue recognition or decrease Notes 1st Half 1st Half Change changes Increase due to reduced impact of the Operating COVID-19 on the railway and bus 55,005 48,782 6,222 12.8 65 6,157 businesses co
Slide 29: Transport Business
Transport Business （Units : Millions of yen,%） The impact of FY2021 FY2020 Percent Real increase or Change revenue recognition decrease Notes 1st Half 1st Half Change changes Increase in all businesses due to a Operating recovery from the previous fiscal year in 66,542 61,941 4,600 7.4 -94 4,694 car
Slide 30: Real Estate Business
Real Estate Business （Units : Millions of yen,%） FY2021 FY2020 Percent The impact of Real increase or Change revenue recognition decrease Notes 1st Half 1st Half Change changes Sales of condominiums for purchase Operating decreased due to a decrease in the revenues 37,553 47,734 -10,181 -21.3 51 -10
Slide 31: Leisure and Services Business
Leisure and Services Business （Units : Millions of yen,%） The impact of FY2021 FY2020 Percent Real increase or Change revenue recognition decrease Notes 1st Half 1st Half Change changes Operating 18,237 7,745 10,491 135.4 5,377 5,114 Operating loss improve revenues Operating Operating loss improve i
Slide 32: Distribution Business
Distribution Business （Units : Millions of yen,%） The impact of FY2021 FY2020 Percent Real increase or Change revenue recognition decrease Notes 1st Half 1st Half Change changes Overall revenue increased due to a rise in construction material transactions, despite a decrease in revenue Operating rev
Slide 33: Aviation Services Business
Aviation Services Business （Units : Millions of yen,%） FY2021 FY2020 Percent The impact of Real increase or Change revenue recognition decrease Notes 1st Half 1st Half Change changes Operating 10,436 9,964 472 4.7 ― 472 Increase due to a rise in cargo transportation in aviation business revenues Ope
Slide 34: Others
Others （Units : Millions of yen,%） FY2021 FY2020 Percent The impact of Real increase or Change revenue recognition decrease Notes 1st Half 1st Half Change changes Operating Increase due to higher orders for 19,813 19,611 201 1.0 -371 572 system-related products, etc. revenues Operating Increase in o
Slide 35: Non-Operating Income and Extraordinary Income
Non-Operating Income and Extraordinary Income (Units: Millions of yen) FY2021 FY2020 Change Notes 1st Half 1st Half Non-operating income 6,738 6,140 598 Interest income 11 9 1 Dividend income 664 758 -94 Equity in net earnings of affiliates 1,384 445 938 Reversal of provision for loss on liquidation
Slide 36: Consolidated Balance Sheets
Consolidated Balance Sheets (Units: Millions of yen) FY2021 FY2020 Change Notes 1st Half results Lower trade notes, accounts receivable and contract Current assets 200,880 215,097 -14,216 asset Non-current assets 978,595 976,033 2,561 Property and equipment 831,547 831,429 118 Intangible assets 9,01
Slide 37: FY2021 Operating Results Forecast
0３ FY2021 Operating Results Forecast Copyright © Nagoya Railroad Co.,Ltd. 36
Slide 38: Premise conditions of Operating Results Forecast
Premise conditions of Operating Results Forecast The current forecast for fiscal 2021 assumes that from October 2021 onward there will be no new social restrictions due to the declaration of a state of emergency in response to the emergence of COVID-19, and that domestic economic activity will recov
Slide 39: FY2021 Consolidated Operating Results Forecast
FY2021 Consolidated Operating Results Forecast (Units: Millions of yen, %) FY2021 Previous FY2020 Percent Percent current Change Forecast Change results Change Change forecast (As of May) Operating revenues ※ 500,000 481,645 18,355 3.8 530,000 -30,000 -5.7 Operating income 3,000 -16,354 19,354 ― 13,
Slide 40: Operating Results Forecast Highlights
Operating Results Forecast Highlights Year-on-year: Higher revenues and a return to profitability (Unit: Billions of yen) （Overall sales are expected to increase due to a recovery in performance in the Leisure and Services Business and Traffic Business. Each sub-segment is also expected to see a ret
Slide 41: FY2021 Operating Results Forecast by Segment
FY2021 Operating Results Forecast by Segment *Excluding effects of revenue recognition changes (Units: Millions of yen, %) FY2021 Percent Previous FY2021 FY2020 Percent Percent Operating revenues Forecast Change Change Forecast Change forecast (*) results Change (*) Change (As of May) Traffic 120,20
Slide 42: FY2021 EBITDA and Capital Investment Forecast
FY2021 EBITDA and Capital Investment Forecast (Units: Millions of yen) FY2021 FY2020 FY2021 FY2020 Change Change forecast results forecast results Operating income -3,000 -17,866 14,866 Operating income -1,700 -2,185 485 Depreciation and Depreciation and amortization 18,200 18,351 -151 amortization
Slide 43: Forward-looking statements notice
In addition to factual past events, this document includes future projections, which contain risks and uncertainty. Please be advised that actual outcomes may vary based on a variety of factors. Copyright © Nagoya Railroad Co.,Ltd.