Daifuku Co., Ltd. · TSE:6383
Daifuku — H1 FY2011 Earnings Presentation
15 slides from Daifuku's earnings presentation, Nov 10, 2011
Slide 1: Consolidated Financial Results, First Half FY Ending March 2012
Consolidated Financial Results First Half of the Fiscal Year Ending March 31, 2012 (April – September 2011) November 10, 2011
Slide 2: FY2011 Interim Highlights
1. FY2011 Interim Highlights (April 1, 2011 – September 30, 2011) 1 ¾ Orders and net sales were recovering. ¾ Profit benefited from increasing business volume. ¾ Orders for large projects in pharmaceutical, distribution and other industries remained solid. ¾ In automobile production line products, o
Slide 3: FY2011 Interim Results (Consolidated)
2-1. FY2011 Interim Results (Consolidated) 2 Orders, net sales, and net income increased year on year. (Announced on (Billion yen) (FY2011 H1) (FY2010 H1) (Year-on-year) Aug 10, 2011) Orders 93.2 77.0 (20.9%) 100.0 Net Sales 95.2 73.9 (28.8%) 95.0 Operating income 1.0 -0.7 (1.8) 1.5 Ordinary income
Slide 4: FY2011 Interim Results by Segment
2-2. FY2011 Interim Results by Segment 3 Sales return to profitability, mainly at Daifuku’s affiliates outside Japan. (Billion yen) Net sales Net income (FY2011 H1) (FY2010 H1) (FY2011 H1) (FY2010 H1) DAIFUKU 55.93 46.27 -0.80 -1.06 CONTEC 3.78 4.18 -0.20 0.26 Daifuku Webb Holding 14.03 10.39 0.47 0
Slide 5: Trends in Non-Japan Sales Ratio (Consolidated)
3. Trends in Non-Japan Sales Ratio (Consolidated) 4 50％ 48％ 46％ (Billion yen) 43.8 36.6 35.2 FY2009 H1 FY2010 H1 FY2011 H1 Sales Sales Sales 73.2 73.9 95.2
Slide 6: Non-Japan Net Sales by Area (Consolidated)
4. Non-Japan Net Sales by Area (Consolidated) Europe Other Europe Other Other 5 Europe 5.1% 3.8% 6.6% 1.7% 10.5% 4.8% North North America North America 27.6% America 34.0% 32.9% Asia Asia Asia 57.1% 64.1% 51.8% (Billion yen) FY2009 H1 FY2010 H1 FY2011 H1 FY2009 H1 FY2010 H1 FY2011 H1 Area Country Sa
Slide 7: Trends in Service Business (Consolidated Sales)
5. Trends in Service Business (Consolidated Sales) 6 Note: Sales in the service business include maintenance, retrofitting, and remodeling work for products and systems Daifuku delivered Aftermarket Sales / Net sales (%) 26% 28% 26% (Billion yen) 25.1 19.2 20.4 FY2009 H1 FY2010 H1 FY2011 H1 Sales Sa
Slide 8: Orders and Net Sales by Industry (Consolidated)
6. Orders and Net Sales by Industry (Consolidated) 7 Orders and net sales for automobile and auto parts manufacturers recover. (Billion yen) Orders Net Sales FY2010 H1 FY2011 H1 FY2010 H1 FY2011 H1 Industry Orders Ratio (%) Orders Ratio (%) Sales Ratio (%) Sales Ratio (%) Automobile and Auto 15.16 1
Slide 9: FY2011 Estimates (Consolidated)
7. FY2011 Estimates (Consolidated) 8 (Announced on (Billion yen) Aug 10, 2011) (FY2010) (Year-on-year) Orders 200.0 180.2 (10.9%) Net Sales 195.0 159.2 (22.4%) Operating income 3.5 1.7 (102.7%) Ordinary income 3.0 1.3 (123.0%) Net income 0.8 0.2 (197.0%) Net income per share 7.23 yen 2.43 yen
Slide 10: Trends in Quarterly Orders and Sales
8. Trends in Quarterly Orders and Sales 9 (Billion yen) Estimate Orders Forecast for the second half of Sales 52.9 54.5 FY2011 50.1 48.8 99.7 48.0 41.5 Forecast for the 38.2 39.0 47.5 46.3 44.4 second half of 35.0 34.9 FY2011 40.6 106.7 38.0 37.7 31.5 32.8 32.4 Note: Include a backlog of approximate
Slide 11: Trends in Order Backlogs
9. Trends in Order Backlogs 10 (Billion yen) Estimate 101.5 98.4 93.4 91.3 87.9 79.0 75.5 75.5 72.0 74.0 72.4 Note: Includes a backlog of approximately 6 billion yen for orders received by Logan Teleflex (UK) and Logan Teleflex (France). Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2009 FY2010 FY2011
Slide 12: Basic Policy for Dividends
10. Basic Policy for Dividends 11 1. Performance-based policy for dividends adopted in FY2004 ended March 2005 Dividend payout ratio: 20-30% of consolidated net income 2. FY2011 ending March 2012: 5 yen for interim 15 yen for annual (estimate) Dividends (Yen) 35 30 25 26 26 25 20 18 20 15 15 13 15 1
Slide 13: Topics: Fast and gentle Baggage Handling System
11-1. Topics 12 Daifuku develops fast and gentle Baggage Handling System (BTS) with world-leading speeds at 600 m/min to expand and identify markets centering on large international hub airports that have multiple terminals. Daifuku offers an integrated system that combines its new BTS and automat
Slide 14: Topics: A minus rating maintained for corporate bonds
11-2. Topics 13 Daifuku maintained an A minus (A−) rating for its corporate bonds representing recognition of its strong financial base. Its short-term bond rating was also unchanged, at a-1.
Slide 15: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m