Japan Elevator Service Holdings Co., Ltd. · TSE:6544

Japan Elevator Service — Q2 FY2022/3 Earnings Presentation

28 slides from Japan Elevator Service's earnings presentation, Nov 11, 2021

  1. Slide 1: FY2022/3 Second Quarter Results

    FY2022/3 Second Quarter Results Japan Elevator Service Holdings (TSE 1st Section: 6544) November 11, 2021 Copyright © japan elevator service holdings all rights reserved

  2. Slide 2: Contents

    Contents 2 １ Summary ２ First Half Financial Highlights 3 FY2022/3 Second Quarter Results ４ FY2022/3 Consolidated Financial Forecasts Copyright © japan elevator service holdings all rights reserved

  3. Slide 3: Summary

    3 Summary Copyright © japan elevator service holdings all rights reserved

  4. Slide 4: Summary

    Summary 4 【Overview of 1H FY2022/3 】  By providing support services for social infrastructure during spread of COVID-19, achieved growth in sales and profit; net sales ¥13.9bn (+126.8% YoY), OP ¥1.8bn (+113.1%)  In addition to JES parent growth, contributions from new group companies acquired in a

  5. Slide 5: Summary: Overview for the Quarter

    Summary: Overview for the Quarter 5 Overview Maintenance ・End-Sep 2021 elevators under maintenance contracts (Japan): around 74,500 and Preservation ・1H net increase: around 7,000 (non-consolidated : around 4,600; M&A: around 2,400) Services: ・Net increase was highest for a 1H at the parent, on risi

  6. Slide 6: First Half Financial Highlights

    6 First Half Financial Highlights Copyright © japan elevator service holdings all rights reserved

  7. Slide 7: First Half Financial Highlights

    First Half Financial Highlights 7 Elevators under maintenance Net increase in maintenance contracts contracts in Japan Non-consolidated M&A Approx. 74,500 (As of September 30, 2021) 8,000 （unit） 7,000 6,800 Net increase in maintenance 7,000 contracts in Japan 5,900 6,000 2,400 Approx. 7,000 5,000 1,

  8. Slide 8: First Half Financial Highlights: Share Growth in Japan

    First Half Financial Highlights: Share Growth in Japan 8  Used M&A to tap into new markets in both East and West Japan, where we were previously inactive (Tohoku, Chugoku, Shikoku regions)  Carried out upfront investment to open offices and build sales networks, in order to take share in new areas

  9. Slide 9: First Half Financial Highlights: Expansion into New Regions (Tohoku)

    First Half Financial Highlights: Expansion into New Regions 9 Tohoku Region Number of elevators in scope for maintenance services in Tohoku region Cosmo Japan, Inc. From Japan Elevator Association research (Survey of number of elevators in field in FY20) Aomori Service Office Hachinohe Service Offic

  10. Slide 10: First Half Financial Highlights: Expansion into New Regions (Chugoku/Shikoku)

    First Half Financial Highlights: Expansion into New Regions 10 Chugoku/Shikoku Region Number of elevators in scope for maintenance services in Okayama Branch Kurashiki Chugoku Service Office Chugoku/Shikoku region Branch Office From Japan Elevator Association research Niihama (Survey of number of el

  11. Slide 11: First Half Financial Highlights: Post-Merger Integration (PMI)

    First Half Financial Highlights: Post-Merger Integration (PMI) 11 State of PMI for acquired companies We are steadily progressing with PMI Specific measures include the following: Sales growth  Support for building sales operations, provision of materials and supplies, brand-building/establishing t

  12. Slide 12: FY2022/3 Second Quarter Results

    12 FY2022/3 Second Quarter Results Copyright © japan elevator service holdings all rights reserved

  13. Slide 13: FY2022/3 Second Quarter Results (Performance)

    FY2022/3 Second Quarter Results (Performance) 13 (million yen) FY2021/3 2Q FY2022/3 2Q Forecast YoY (as of Comments Ratio to Ratio to (%) May 12, Actual sales Actual sales 2021) (%) (%) Maintenance & Preservation Services net sales up ¥1,872mn Net sales 10,967 100.0 13,906 100.0 126.8 12,400 Moderni

  14. Slide 14: FY2022/3 Second Quarter Results (Sales by Business)

    FY2022/3 Second Quarter Results (Sales by Business) 14 (million yen) FY2021/3 2Ｑ FY2022/3 2Ｑ Forecast YoY (as of Comments (%) May 12, Ratio Ratio 2021) Actual Actual (%) (%) Growth in net sales accompanying Maintenance and Preservation Services 8,240 75.1 10,112 72.7 122.7 9,100 increase in elevator

  15. Slide 15: FY2022/3 Second Quarter Results (B/S)

    FY2022/3 Second Quarter Results (B/S) 15 (million yen) FY2021/3 2Q FY2021/3 FY2022/3 2Q YoY Ratio Ratio Ratio Comments Actual Actual Actual (%) (%) (%) (%) Current assets 6,602 42.6 8,168 39.9 8,639 38.9 105.8 Cash and deposits 1,420 9.2 1,674 8.2 1,862 8.4 111.3 Notes and accounts 2,791 18.0 3,606

  16. Slide 16: FY2022/3 Consolidated Financial Forecasts

    16 FY2022/3 Consolidated Financial Forecasts Copyright © japan elevator service holdings all rights reserved

  17. Slide 17: FY2022/3 Consolidated Financial Forecasts

    FY2022/3 Consolidated Financial Forecasts 17 1H 2H Full year Unit: million FY2022/3 FY2022/3 FY2022/3 FY2022/3 FY2022/3 yen; % FY FY2022/3 Result FY Forecast FY Forecast Forecast Forecast 2021/3 Forecast 2021/3 2021/3 (initial) (initial) YoY YoY YoY Net sales 10,967 12,400 13,906 126.8 13,553 14,600

  18. Slide 18: FY2022/3 Consolidated Financial Forecasts (Sales by Business)

    FY2022/3 Consolidated Financial Forecasts (Sales by Business) 18 1H 2H Full year FY2022/3 FY2022/3 FY FY2022/3 FY2022/3 FY FY2022/3 FY FY2022/3 Unit: million yen; % 2021/3 Forecast Result 2021/3 Forecast Forecast 2021/3 Forecast Forecast (initial) (initial) Amount Amount Amount YoY Amount Amount Amo

  19. Slide 19: FY2022/3 Consolidated Financial Forecasts (Depreciation, Capex)

    FY2022/3 Consolidated Financial Forecasts (Depreciation, Capax) 19 (100 million yen) FY2021/3 FY2022/3（Forecast） Comments Depreciation 8.1 9.1 Investment in Capex 30.0 22.1 remote inspection service PRIME Trends in depreciation and capex (100 million yen) 30.0 30 25.8 23.8 22.1 Depreciation Capex 20

  20. Slide 20: Dividends

    Dividends 20 FY2020/3 FY2021/3 FY2022/3 YoY Actual Actual Plan Annual dividend amount ¥18 ¥12 ¥13 +¥1 Up Year-end dividend ¥18 ¥12 ¥13 +¥1 Commemorative - - - - dividend Total dividend amount ¥729million ¥1,062million ¥1,153million +¥91million YoY 109% Payout ratio (consolidated) 42.8% 43.6％ 44.4％ +

  21. Slide 21: Financial Supplement

    21 Financial Supplement Copyright © japan elevator service holdings all rights reserved

  22. Slide 22: Reference: Expansion into Vietnam

    Reference: Expansion into Vietnam 22 Acquisition and conversion into a subsidiary of independent elevator company UNIECO in Vietnam ⇒Name changed to Japan UNIECO Elevator Service (JUES), marking our entry to Vietnam market 【Background】 • Mar 2020, established JES Indonesia JV with a local company, e

  23. Slide 23: Reference: Our Growth

    Reference: Our Growth 23 Net sales ¥24.5bn Elevators under maintenance contracts Approx. 67,500 Net sales ¥21.3bn Elevators under maintenance contracts Approx. 54,800 Net sales ¥17.9bn Elevators under maintenance contracts Approx. 48,800 Net sales ¥13.5bn Elevators under maintenance contracts Approx

  24. Slide 24: Reference: Coverage 116 offices

    Reference: Coverage 24 JES HD ：3 offices JES Hokkaido ：9 offices As October 1, 2021 JES Jyonan ：16 offices 116 offices JES Jyosai ：22 offices (+7) JES Kanagawa ：19 offices (+3) JES Tokai ：8 offices (+1) JES Kansai ：7 offices JES Kyusyu ：1 office Japan Elevator Parts ：8 offices Japan Parking Service

  25. Slide 25: Reference: Future Business Development

    Reference: Future Business Development (Aiming to Build Up Global Standard Business) 25 Domestic Overseas (mainly Southeast Asia) Bu sine ss Now Onwards Now and Onwards Steady increase in Aiming to reach a Maintenance number of Conduct research for local needs and market business scale on par mainte

  26. Slide 26: Reference: Financial Highlights (1)

    Reference: Financial Highlights (1) 26 Net sales Operating profit (Million yen) (Million yen) 24,521 3,612 21,339 17,900 2,717 15,326 13,544 2,034 1,351 611 FY17/3 FY18/3 FY19/3 FY20/3 FY21/3 FY17/3 FY18/3 FY19/3 FY20/3 FY21/3 Ordinary profit Profit attributable to owners of parent (Million yen) (Mi

  27. Slide 27: Reference: Financial Highlights (2)

    Reference: Financial Highlights (2) 27 Net assets / total assets (Million yen) Net assets Total assets 20,473 14,297 10,624 11,484 10,505 7,848 5,177 3,937 2,072 2,870 FY17/3 FY18/3 FY19/3 FY20/3 FY21/3 Net assets per share Net income per share (Yen) 115.97 (Yen) 27.51 21.03 63.34 15.75 48.42 10.59

  28. Slide 28: Disclaimer and Caution Concerning Forward-looking statements

    Disclaimer and Caution Concerning Forward-looking statements 28 Disclaimer  Japan Elevator Service Holdings (the “Company”) has prepared these materials for your reference, so that you may understand the current status of the Company  While these materials have been prepared based on generally-kno

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