Ushio Inc. · TSE:6925

Ushio — Q1 FY2019 Earnings Presentation

26 slides from Ushio's earnings presentation, Jul 31, 2019

  1. Slide 1: First Quarter FY2019 Financial Results

    First Quarter FY2019 Financial Results USHIO INC. July 31, 2019 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual results m

  2. Slide 2: 1Q FY2019 Overview

    1Q FY2019 Overview ■ YoY 1Q for FY2019 (Result): Causal Analysis on Net Sales and Earnings Decreased ■ YoY for FY2019 (Full-year Forecast)： Reasons on Financial Result Forecast Remained unchanged Initial Annual Forecast: Net Sales: 170.0 billion yen Operating Income: 10.0 billion yen © Copyright 201

  3. Slide 3: Agenda

    Agenda I. Financial Results for 1Q FY2019 II. Forecasts for FY2019 III. Supplementary Information © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 3

  4. Slide 4: Highlights of Financial Results for 1Q FY2019

    Highlights of Financial Results for 1Q FY2019 Net Sales down 2.6% year on year to ¥38.9 billion Operating Income down 15.3% year on year to ¥2.1 billion Achievement Rate to Initial Plan: Net Sales 22.9％ Operating Income 21.5％ Net Sales：38.9 billion yen (▲1.0 billion yen YoY, ▲2.6%) 売上高 ： 1,651億円（前年比

  5. Slide 5: Summary of Financial Results

    Summary of Financial Results YoY FY18 FY19 (billion yen) 1Q １Q Changes ％ Net Sales 39.9 38.9 ▲1.0 ▲2.6 Operating Income 2.5 2.1 ▲0.3 ▲15.3 Operating Income (%) 6.4 5.5 ▲0.8P － Ordinary Income 3.9 2.9 ▲0.9 ▲24.7 Profit Attributable to Owners of Parent 2.2 1.2 ▲1.0 ▲44.5 EPS (yen) 17.67 10.02 ▲7.65 ▲4

  6. Slide 6: YoY Variation Analysis of Operating Income

    YoY Variation Analysis of Operating Income (billion yen) 2.5 +0.1 ▲0.８ Forex +0.3 2.1 +0 Light Source Equipment Business Others Business （based on Gross Profit） （based on Gross Profit) Imaging Equipment ▲0.1 Optical Equipment +0.1 ▲0.3 billion yen Operating Income Operating Income FY18_1Q FY19_1Q No

  7. Slide 7: Financial Results by Business Segments

    Financial Results by Business Segments FY18 FY19 YoY (billion yen) 1Q 1Q Changes ％ Net Sales 21.8 22.7 +0.8 +4.0 Equipment Operating Income 0.0 0.0 +0.0 － Operating Income（%） 0.0 0.4 +0.4P － Net Sales 17.3 15.4 ▲1.8 ▲10.6 Light Sources Operating Income 2.5 1.9 ▲0.6 ▲24.2 Operating Income（%） 14.8 12.

  8. Slide 8: Business Segment Overview

    Business Segment Overview Equipment Business Light Source Business YoY Net （億円）Sales（billion yen） Net Sales（billion yen） +0.8 billion YoY 21.8 22.7 （+4.0%） 17.3 ▲1.8 billion 0.3 0.3 ▲0.0 billion （▲3.5%） 15.4 （▲10.6%） Imaging Equipment ▲0.4 billion Discharge 13.7 13.3 （▲3.1%） Lamp 14.4 ▲1.6 billion 1

  9. Slide 9: Business Environment and Business Segment Overview

    Business Environment and Business Segment Overview Business Equipment Business Light Source Business Field Business Environment (YoY： Optical equipment＋17.2％, (YoY： Discharge Lamp▲11.1％、 Imaging equipment▲3.1％) Halogen Lamp▲8.1％) Semiconductors- and Electrical components-related markets UV Equipment

  10. Slide 10: II. Forecasts for FY2019

    I. Financial Results for 1Q FY2019 II. Forecasts for FY2019 III. Supplementary Information © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 10

  11. Slide 11: Full-year Forecasts

    Full-year Forecasts Remain unchanged FY19 FY19 Achievement Rate (billion yen) 1Q Initial Forecast (%) Net Sales 38.9 170.0 22.9 Operating Income 2.1 10.0 21.5 Operating Income (%) 5.5 5.9 - Ordinary Income 2.9 12.0 24.8 Profit Attributable to Owners of Parent 1.2 11.5 10.9 EPS（yen） 10.02 94.17 10.6

  12. Slide 12: Net Sales by Sub-segment / Comment on after 2Q

    Net Sales by Sub-segment / Comment on after 2Q FY19 FY19 Achievement (billion yen) Comment on after 2Q Initial plan 1Q Rate（％） Imaging- equipment 59.0 13.3 22.6 Shipping for large-scale projects starts from 2Q Equipment Optical- Acceptance inspection of latest IC package equipment 40.0 8.9 22.4 boar

  13. Slide 13: FY2019 Growth Driver

    FY2019 Growth Driver Imaging Equipment New RGB laser projector sales expansion Cinema General Imaging Order expansion of various projectors Order expansion of D4K40 with RGB laser for with RGB laser general imaging Christie RealLaser projector Christie D4K40-RGB Orders from leading cinema chain comp

  14. Slide 14: Shareholder Returns

    Shareholder Returns Share Buyback As per notice concerning status of purchase of treasury shared in December 2018 Announcement on Dec. 20th, 2018 Max 10 billion yen （as of June 30 th, 2019） (Max 8 million shares) From Dec. 21, 2018 to Dec. 20th, 2019 Total amount of shares purchased： 4.64 billion ye

  15. Slide 15: III. Supplementary Information

    I. Financial Results for 1Q FY2019 II. Forecasts for FY2019 III. Supplementary Information © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 15

  16. Slide 16: Reference: Summary of Quarterly Financial Results

    Reference: Summary of Quarterly Financial Results FY19 FY18 FY19 FY18 (billion yen) FY18 FY19 1Q - 1Q 1Q - 4Q 1Q 2Q 3Q 4Q 1Q Changes ％ Changes ％ Net Sales 39.9 42.6 39.7 42.7 38.9 ▲1.0 ▲2.6 ▲3.8 ▲9.0 Operating Income 2.5 2.8 1.5 1.6 2.1 ▲0.3 ▲15.3 +0.5 +34.1 Operating Income 6.4 6.6 3.9 3.8 5.5 ▲0.8

  17. Slide 17: Reference: Summary of Quarterly Financial Results by business segments

    Reference: Summary of Quarterly Financial Results by business segments FY19 FY18 FY19 FY18 (billion yen) FY18 FY19 1Q - 1Q 1Q - 4Q 1Q 2Q 3Q 4Q 1Q Changes ％ Changes ％ Equipment Business Net Sales 21.8 24.8 21.9 26.0 22.7 +0.8 ＋4.0 ▲3.3 ▲12.7 Operating Income 0.0 0.1 ▲0.4 ▲0.0 0.0 +0.0 － +0.1 － Operat

  18. Slide 18: Reference: Sales Ratio by region

    Reference: Sales Ratio by region Others 1.0% FY18_1Q Net Sales Japan North America Asia Europe 39.9 21.3% 27.2% 41.0% 9.5% billion yen FY19_1Q Net Sales Japan North America Asia Europe 38.9 20.8% 23.7% 45.7% 8.9% Billion yen Others 0.9% © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本

  19. Slide 19: Reference: R&D Expenses / Capital Expenditures, Depreciation and Amortization

    Reference : R&D Expenses/ Capital Expenditures, Depreciation and Amortization R&D Expenses（billion yen） Capital Expenditures (billion yen) Ratio of R&D Expenses to net sales (%) Depreciation and Amortization (billion yen) 10.6 6.8 10.2 6.3 6.1 6.2 8.5 5.7 7.9 6.4 6.5 6.7 6.7 6.7 5.0 11.2 11.5 9.8 10

  20. Slide 20: Reference: Balance Sheet

    Reference: Balance Sheet ◆Assets (billion yen) ◆Liabilities/Total Net Equity (billion yen) Changes Changes 306.6 306.6 291.2 ▲15.3 291.2 ▲15.3 21.6 ▲1.1 Notes and AP ▲14.7 Cash and Bank Deposits 20.5 85.6 70.9 47.9 ▲6.4 Other Current Liabilities 41.4 ▲0.5 Marketable Securities 23.8 24.9 +1.1 Long-te

  21. Slide 21: Reference: Cash Flow

    Reference: Cash Flow (billion yen) Operating CF + Investing CF Operating CF + Investing CF ▲0.7 ▲4.0 +2.7 ▲3.4 66.0 74.6 ▲4.2 ▲2.5 ＋0.2 ▲7.3 +0.8 63.5 Operating Investing Operating Investing ▲1.0 Activities Activities Activities Activities 62.1 Financing Effect of Activities exchange Financing Effec

  22. Slide 22: Reference: Features of USHIO Group's Light Sources

    Reference: Features of USHIO Group’s Light Sources Laser Lamp Light Source Super RGB Laser LaPH Xenon Lamp High-Pressure UV Lamp CP2309-RGB CP2308 CP4330-RGB Cinema No Lineup No Lineup Lumen (lm) Lumen (lm) <40,000 <45,000 D4K40-RGB Crimson Roadie Boxer General GS Series Imaging Lumen (lm) Lumen (lm

  23. Slide 23: Release: Received First Acceptance of EUV Light Source for Mask Inspection

    Release：Received First Acceptance of EUV Light Source for Mask Inspection to EUV Lithography Mass Production Process Accelerating EUV Business by highly recognized performance in the R&D Equipment USHIO INC. announced that the company has received the first acceptance of the EUV light source for mas

  24. Slide 24: Release / Installation Example: RGB Laser Projector

    Release / Installation Example： RGB Laser Projector Cineworld acquires more than 1,000 RGB pure laser cinema projectors Cineworld group*, the world’s second largest cinema chain, has signed an agreement to acquire more than 1,000 of Christie’s next-generation, RGB pure laser cinema projectors featur

  25. Slide 25: Glossary

    Glossary DCP Digital Cinema Projector EUV Extreme Ultraviolet Radiation FPD Flat Panel Display IoT Internet of Things OA Office Automation OLED Organic Light Emitting Diode PLF Premium Large Format RGB Red Green Blue UV Ultraviolet © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載

  26. Slide 26: © Copyright 2018 Ushio Group. All Rights Reserved.

    © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。

Ushio — Q1 FY2019 Earnings Presentation on 6ix