Tdk Corporation · TSE:6762

Tdk — Q3 FY March 2019 Earnings Presentation

24 slides from Tdk's earnings presentation, Jan 30, 2019

  1. Slide 1: Performance Briefing 3Q of Fiscal Year March 2019

    Performance Briefing 3Q of Fiscal Year March 2019 TDK Corporation Corporate Communications Group January 30, 2019

  2. Slide 2: Consolidated Results for 3Q and Full Year Projections

    ●Consolidated Results for 3Q of FY March 2019 Consolidated Full Year Projections for FY March 2019 Tetsuji Yamanishi, Senior Vice President © TDK Corporation  2019 Performance Briefing 3Q of Fiscal Year March 2019 Corporate Communications Group  January 30, 2019  2

  3. Slide 3: Consolidated Results for 3Q of FY March 2019

    Consolidated Results for 3Q of FY March 2019 Consolidated Full Year Projections for FY March 2019 Tetsuji Yamanishi Senior Vice President © TDK Corporation  2019 Performance Briefing 3Q of Fiscal Year March 2019 Corporate Communications Group  January 30, 2019  3

  4. Slide 4: Key points concerning earnings for 3Q

    Key points concerning earnings for 3Q of FY March 2019 ● Net sales for 3Q rose 2.8% year on year. Operating income decreased 2.1% year on year ● Net sales, operating income, income before income taxes, and net income all achieved new record highs for a nine-month period ¬ Brisk sales of Capacitors f

  5. Slide 5: Consolidated results for 3Q

    Consolidated results for 3Q of FY March 2019 FY March 2018 FY March 2019 Change 3Q results 3Q results (Yen billions) Yen billions % Net sales 341.1 350.8 9.7 2.8 Operating income 33.5 32.8 (0.7) -2.1 Operating income margin 9.8% 9.4% -0.4 pt - Income before income taxes 33.5 31.0 (2.5) -7.5 Net inco

  6. Slide 6: 3Q results - Passive Components segment

    3Q results - Passive Components segment Net sales (Yen billions) Net sales 106.7 billion yen (down 2.4% year on year) 109.3 106.7 Operating income 14.7 billion yen (up 8.1% year on year) ● Ceramic Capacitors ¬ Sales and profit increased year on year. ¬ Sales increased due to strong demand in the aut

  7. Slide 7: 3Q results - Sensor Application Products segment

    3Q results - Sensor Application Products segment Net sales Net sales 19.7 billion yen (down 8.8% year on year) (Yen billions) Operating loss -5.5 billion yen (up ―% year on year) 21.6 19.7 ● Sensors ¬ Temperature and Pressure Sensors achieved higher sales year on year atop growth in sales for automo

  8. Slide 8: 3Q results - Magnetic Application Products segment

    3Q results - Magnetic Application Products segment Net sales (Yen billions) Net Sales 66.4 billion yen (down 8.4% year on year) 72.5 66.4 Operating income 7.8 billion yen (up 13.0% year on year) ● HDD Heads and HDD Suspension Assemblies ¬ Sales decreased while profit increased year on year. ¬ Sales

  9. Slide 9: 3Q results - Energy Application Products segment

    3Q results - Energy Application Products segment Net sales Net Sales 145.4 billion yen (up 16.3% year on year) (Yen billions) 145.4 Operating income 24.6 billion yen (up 1.2% year on year) 125.0 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. ¬ Sales expanded for

  10. Slide 10: Quarterly results by segment

    Quarterly results by segment 3Q of 2Q of 3Q of YoY change QoQ change (C)-(A) (C)-(B) FY March 2018 FY March 2019 FY March 2019 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 40.1 43.9 42.7 2.6 6.5 (1.2) -2.7 Inductive Devices 40.3 41.6 39.5 (0.8) -2.0 (2.1) -5.0 Other Passive Co

  11. Slide 11: Breakdown of operating income changes

    Breakdown of operating income changes 3Q of 3Q of FY March 2018 Operating income -0.7 billion yen FY March 2019 33.5 billion yen 32.8 billion yen (Yen billions) Sales price Benefits from SG&A expenses Changes in sales reduction Rationalization, restructuring increase +6.5 (4.6) cost reduction One-ti

  12. Slide 12: Consolidated results through 3Q

    Consolidated results through 3Q of FY March 2019 FY March 2018 FY March 2019 Change Results through 3Q Results through 3Q (Yen billions) (2017.4.1-2017.12.31) (2018.4.1-2018.12.31) Yen billions % Net sales 964.7 1,072.7 108.0 11.2 Operating income 77.7 94.9 17.2 22.1 Operating income margin 8.1% 8.8

  13. Slide 13: Full year projections and dividend projections

    FY March 2019 full year / dividend projections FY March 2019 FY March 2019 FY March 2019 YoY change FY March 2018 full year projections full year projections full year projections full year results Yen billions % (Yen billions) (announced on Apr. 27, 2018) (announced on Oct. 31, 2018) (announced on

  14. Slide 14: Supplementary Data

    Supplementary Data © TDK Corporation  2019 Performance Briefing 3Q of Fiscal Year March 2019 Corporate Communications Group  January 30, 2019  14

  15. Slide 15: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2018 FY March 2019 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 36.3 39.2 40.1 41.4 157.0 44.5 43.9 42.7 Inductive Devices 37.6 40.5 40.3 39.2 157.5 41.3 41.6 39.5 Other Passive Components 22.8 26.2 28.9 25.3 103.2 26.9 26.6 2

  16. Slide 16: FY March 2019 projections and forex sensitivity

    FY March 2019 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 250 210.0 200 190.0 178.6 160.7 167.6 150 102.5 110.0 110.0 102.6 110.0 110.0 100 87.5 92.2 84.9 91.3 80.2 83.2 70.6 50 0 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 FY19/3 FY15/3 FY16/3 FY17/3 FY18/3

  17. Slide 17: Financial position

    Financial position March End, September End, December End, Change from (Yen billions) 2018 2018 2018 Sep End, 2018 Total asset 1,905.2 2,028.3 2,022.3 (6.0) Total liability 1,074.0 1,147.3 1,152.7 5.4 Stockholders's equity 824.6 874.6 863.4 (11.2) (comprehensive income) (119.5) (96.0) (119.6) (23.6)

  18. Slide 18: Cash flows

    Cash flows FY March 2018 FY March 2019 YoY Results through 3Q Results through 3Q change (Yen billions) Operating cash flow 31.0 90.4 59.4 Investing cash flow (203.7) (95.8) 107.9 Free cash flow (172.7) (5.4) 167.3 Financing cash flow 113.0 21.2 (91.8) Effect of exchange rate changes on cash and cash

  19. Slide 19: Quarterly sales by applications

    Quarterly sales by applications (1Q of FY March 2018 – 3Q of FY March 2019) © TDK Corporation  2019 Performance Briefing 3Q of Fiscal Year March 2019 Corporate Communications Group  January 30, 2019  19

  20. Slide 20: Passive Components business quarterly sales by applications

    Passive Components business quarterly sales by applications (1Q of FY March 2018 – 3Q of FY March 2019) © TDK Corporation  2019 Performance Briefing 3Q of Fiscal Year March 2019 Corporate Communications Group  January 30, 2019  20

  21. Slide 21: Performance Briefing 3Q of Fiscal Year March 2019 © TDK Corporation  2019 Corporate

    © TDK Corporation  2019 Performance Briefing 3Q of Fiscal Year March 2019 Corporate Communications Group  January 30, 2019  21

  22. Slide 22: Performance Briefing 3Q of Fiscal Year March 2019 © TDK Corporation  2019 Corporate

    © TDK Corporation  2019 Performance Briefing 3Q of Fiscal Year March 2019 Corporate Communications Group  January 30, 2019  22

  23. Slide 23: Cautionary statements with respect to forward-looking statements

    Cautionary statements with respect to forward-looking statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking

  24. Slide 24: Text data including Q&A will be uploaded on following site

    Text data including Q&A of performance briefing will be uploaded on following site. https://www.global.tdk.com/corp/en/ir/ir_events/conference/2019/3q_1.htm

TDK — Q3 FY March 2019 Earnings Presentation on 6ix