Unipres Corporation · TSE:5949
Unipres — Q2 FY2023 Earnings Presentation
24 slides from Unipres's earnings presentation, 2023
Slide 1: FY2023 2nd Quarter Financial Results
FY2023 2nd Quarter Financial Results
Slide 2: FY2023 Q2 Financial Results; Forecast of FY2023
FY2023 Q2 Financial Results Forecast of FY2023 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2
Slide 3: FY2023 Q2 Financial Results
FY2023 Q2 Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3
Slide 4: Key Highlights for Q2, FY2023 (consolidated-basis)
Key Highlights for Q2, FY2023 (consolidated-basis) Despite the impact of COVID-19 in some regions, sales increased to 161.6 billion yen due to an increase in customers’ production volume and positive exchange rate. Operating profit increased to 2.7 billion yen mainly due to sales increase. Copyright
Slide 5: Summary of Q2, FY2023
Summary of Q2, FY2023 Net sales increased by 28.5 billion yen (+21.4%) year-over-year. Operating profit increased by 5.4 billion yen year-over-year. Financial in business results Net Sales (billion yen 20 200 Operating profit (billion yen) 161.6 Net sales 119.3 133.1 10 100 Operating profit 0 2.
Slide 6: Consolidated Sales by Product Group
Consolidated Sales by Product Group (billion yen) Q2, FY2022 Q2, FY2023 Variance Variance % % % Sales Sales Car body press products 115.1 86.5% 141.7 87.6% +26.6 +1.1% Transmission products 15.6 11.7% 17.2 10.7% +1.6 -1.0% Plastic 1.4 1.1% 1.9 1.2% +0.5 +0.1% products Other 1.0 0.7% 0.8 0.5% -0.2 -0
Slide 7: Consolidated Sales by Customer (Nissan Motor-related products)
Consolidated Sales by Customer（Nissan Motor-related products） Although sales to Dongfeng Motor Company Limited decreased, an increase in sales to Nissan Mexicana and other factors resulted in a 0.3% increase in the composition ratio. (billion yen) Q2, FY2022 Q2, FY2023 Variance Sales % Sales % Nis
Slide 8: Consolidated Sales by Customer (Other Customers)
Consolidated Sales by Customer ( Other Customers) The composition ratio decreased by 0.3% mainly due to a decrease in Renault. Q2, FY2022 Q2, FY2023 (billion yen) Variance Sales % Sales % Other Customers Sub-total 31.4 23.6% 37.7 23.3% -0.3% Incl.) Honda of America Mfg., Inc. 3.5 2.6% 5.3 3.3% +0.
Slide 9: Operating Profit Variance Analysis
Operating Profit Variance Analysis (billion yen) 5.0 5 ※ Production reinforcement:0 2.5 -1.2 -0.2 1.3 0.5 2.7 -0.9 -0.2 0.6 0.0 0 5.5 -2.7 -2.5 -5.0 -5 adjustment Consolidation & model mix etc. Volume fluctuation SG&A car model parts Initial cost for new Forex amortization Depreciation/ Others Cost
Slide 10: Net Sales/Operating Profit by Region (Japan)
Net Sales/Operating Profit by Region (Japan) Net sales increased by 26.1% mainly due to the impact of customers’ production increase. Operating profit increased by 2.5 billion yen because of sales increase. Net Sales （億円）yen) (billion Operating profit 150 5 first half first half second half seco
Slide 11: Net Sales/Operating Profit by Region (The Americas)
Net Sales/Operating Profit by Region (The Americas) Net sales increased by 50.8% due to the impact of customers’ production increase and the weaker yen exchange rate. Operating profit increased by 3.8 billion yen because of sales increase. Net Sales Operating profit 100 first half 6 first half s
Slide 12: Net Sales/Operating Profit by Region (Europe)
Net Sales/Operating Profit by Region (Europe) Net sales increased by 32.2% due to the impact of customers’ production increase and the weaker yen exchange rate. Operating loss was 0.6 billion yen because of an increase in new model parts launching cost. (billion yen) Net sales (billion yen) Oper
Slide 13: Net Sales/Operating Profit by Region (Asia)
Net Sales/Operating Profit by Region (Asia) Net sales decreased by 18.6% due to the customers' production cutbacks in spite of Forex impact. Operating loss was 1.1 billion yen as a result of the impact of volume fluctuation. (billion yen) Net sales (billion yen) Operating profit 100 4 first half
Slide 14: Capital Investment
Capital Investment (billion yen) 30 Domestic Overseas 20 18.8 6.4 10.8 10.1 10 3.4 8.0 3.2 6.5 3.0 12.4 0.8 3.6 3.6 7.4 6.9 5.0 2.4 5.7 1.4 1.2 2.2 0 FY2021 FY2021 FY2021 FY2022 FY2022 FY2022 FY2023 1st half 2nd half 1st half 2nd half 1st half Copyright© UNIPRES CORPORATION, All Rights Reserved. 14
Slide 15: Capital Investment & Depreciation / Amortization
Capital Investment & Depreciation / Amortization (billion yen) 30 Capital investment Depreciation/amortization Annual plan （22.8） 20 Annual plan (17.0) 23.6 10 18.8 20.2 12.4 10.1 3.6 0 FY2021 FY2022 FY2023 1st half Copyright© UNIPRES CORPORATION, All Rights Reserved. 15
Slide 16: Cash Flows
Cash Flows (billion yen) 40 Cash flow from operating activities Cash flow from investing activities Free cash flow 30 26.7 20 35.2 20.6 25.7 10 4.5 2.3 17.118.9 12.8 6.1 11.6 9.3 10.6 9.5 8.5 8.3 4.3 3.4 5.1 0 -1.8 -6.3 -10 FY2021 FY2021 FY2021 FY2022 FY2022 FY2022 FY2023 1st half 2nd half 1st half
Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance
Interest-bearing Debt & Net Interest-bearing Debt Balance Interest-bearing debts increased by 8.1 billion yen compared with the end-March, 2023. Net interest-bearing debts including cash and deposits was 23.6 billion yen. (billion yen)120 Long-term loans payable Interest-bearing debt balance Sho
Slide 18: Changes in Equity-to-total Assets
Changes in Equity-to-total Assets The ratio increased by 1.8% to 44.3% compared to the end of March 2023. (%) 60 50 44.3 42.3 42.5 40.8 40.6 40 30 End-September, End-March, End-September, End-March, End-September, 2021 2022 2022 2023 2023 Copyright© UNIPRES CORPORATION, All Rights Reserved. 18
Slide 19: Forecast of FY2023
Forecast of FY2023 Copyright© UNIPRES CORPORATION, All Rights Reserved. 19
Slide 20: Forecast of Fiscal Year 2023
Forecast of Fiscal Year 2023 １. Despite the presence of unstable factors, such as semiconductor supply shortages and energy price hikes, sales is forecast to increase as the impact of COVID-19 diminishes and customer orders recover. ２. Operating profit is forecast to increase due to sales increase a
Slide 21: Consolidated Business Forecast for FY2023
Consolidated Business Forecast for FY2023 Net Sales (billion yen） 40 400 304.4 313.0 Operating profit (billion yen) Net sales 30 254.4 300 20 200 10 100 Operating profit 3.7 7.5 0 0 -7.5 -10 -10 -100 FY2021 FY2022（A） FY2023（B） （B）-（A) Net sales 254.4 304.4 313.0 +8.6 Operating profit -7.5 3.7 7.5 +3
Slide 22: IR News Mail
IR News Mail Unipres IR News Mail is an email service that offers you the latest information about Unipres. Please subscribe to our IR News Mail. Phone PC Scan two Click the banner dimensional on the top page of code to Unipres website subscribe 22
Slide 23: Reference: Exchange rate
Exchange rate Reference (yen) Q2, FY2022 Q2, FY2023 Preconditions of FY2023 forecast Average for the Average for the (At first) period term end period term end US $ 135.31 144.81 142.61 149.58 125.00 STG ￡ 159.89 165.78 169.25 182.90 154.00 EURO 135.14 142.65 147.89 157.56 135.00 MEX $ 6.16 6.78 7.6
Slide 24: Precautions for treatment of material
Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain