Toyo Engineering Corporation · TSE:6330
Toyo Engineering — FY2020 Earnings Presentation
14 slides from Toyo Engineering's earnings presentation, May 13, 2021
Slide 1: Outline of Financial Results
Your Success, Our Pride. Fiscal Year Ended March 2021 OUTLINE OF FINANCIAL RESULTS May 13, 2021 Toyo Engineering Corporation
Slide 2: Contents
Contents Page Performance Summary Performance Summary 3 Analysis on Ordinary Income for 2021/3 4 Net Sales 5 Financial Summary Balance Sheet 6 Cash Flows 7 New Orders New Orders 8 Backlog of Contracts 9 Forecast Forecast for 2022/3 10 -Reference- Medium-term Management Plan (Excerpt) 11 Performance
Slide 3: Performance Summary
Performance Summary Recorded a surplus against initial forecast including the impact of COVID-19 JPY billion Decrease in revenue and profit compared with the last fiscal year Initial Revised 2020/3 2021/3 Difference Forecast Forecast Difference Difference as of Jun 18, 2020 as of Mar 25, 2021 (A
Slide 4: Analysis on Ordinary Income for 2021/3
Performance Summary Analysis on Ordinary Income for 2021/3 JPY billion Initial Forecast Result Gross profit +1.0 Direct/Indirect Non-operating income & expenses +1.2 Impact of FY2020 COVID-19 Result (6.9) Profit Recovery +2.2 Measures FY2020 +5.4 Initial forecast Forecast Shortfall of before FY2019
Slide 5: Net Sales
Net Sales 2021/3 Net sales : JPY 184.0 billion JPY billion China 9.7 Central and South America 2.0 Others 0.2 Others 2.9 North America 4.7 Pharmaceuticals etc., 7.6 3% 5% 4% Petrochemicals 47.5 Russia and Central Asia 1% 1％ Chemicals/Fertilizers 2% 11% 15% 26% 20.2 27.1 Japan 46% 85.3 Southwest Asia
Slide 6: Balance Sheet
Balance Sheet Assets 2020/3 2021/3 Difference Liabilities and net assets 2020/3 2021/3 Difference JPY billion Current assets 187.8 194.3 6.5 Current liabilities 155.6 153.1 (2.5) Cash and deposits 81.9 97.6 15.7 Short-term interest bearing debt 17.3 11.0 (6.3) Notes and accounts receivable 55.1 51.0
Slide 7: Cash Flows
Cash Flows JPY billion 0 2018/3 2019/3 2020/3 2021/3 Operating activities (22.8) (25.8) (18.6) 17.7 Investing activities 6.3 1.3 7.9 (2.7) Financing activities (1.1) 16.7 (6.1) (0.4) Net increase/decrease in cash (16.1) (8.6) (17.6) 14.2 Free cash flow (16.4) (24.4) (10.7) 15.0 Cash and cash equival
Slide 8: New Orders
New Orders Region Product JPY billion 309.3 298.0 309.3 298.0 187.0 187.0 122.8 122.8 2018/3 2019/3 2020/3 2021/3 2018/3 2019/3 2020/3 2021/3 Japan 71.4 121.9 83.2 62.4 Petrochemicals 50.3 172.3 14.4 27.1 Southeast Asia 81.4 67.8 23.8 29.2 Oil & Gas 30.7 18.5 55.9 19.9 Southwest Asia, Power / Railwa
Slide 9: Backlog of Contracts
Backlog of Contracts Region 448.6 448.6 426.3 Product 426.3 JPY billion 389.2 389.2 310.6 310.6 2018/3 2019/3 2020/3 2021/3 2018/3 2019/3 2020/3 2021/3 Japan 64.1 135.9 152.7 129.8 Petrochemicals 147.4 169.9 107.6 79.3 Southeast Asia 142.6 75.4 44.6 41.0 Oil & Gas 24.1 23.6 61.2 46.9 Southwest Asia,
Slide 10: Forecast for 2022/3
Forecast for 2022/3 2020/3 2021/3 2022/3 JPY billion Defference Result Result Forecast (A) (B) (B-A) Net sales 219.0 184.0 240.0 56.0 Gross profit 18.7 18.5 23.0 4.5 Gross profit margin 8.6% 10.1% 9.6% -0.5% SG&A expenses 16.8 16.9 20.5 (3.6) Operating income 1.8 1.6 2.5 0.9 Operating income margin
Slide 11: Reference: Medium-term Management Plan (Excerpt)
-Reference- Medium-term Management Plan (Excerpt) Excerpt: Medium-term Management Plan (FY2021–FY2025) Realization of Your Success, Our Pride As of March 25, 2021 Your Success, Our Pride. 11
Slide 12: Reference: Performance Trends
-Reference- Performance Trends JPY billion Net sales Gross profit Operating income 335.6 18.7 18.5 23.0 2.5 1.8 1.6 294.9 240.0 10.6 219.0 (5.6) 184.0 (32.9) (12.5) 2018/3 2019/3 2020/3 2021/3 2022/3 2018/3 2019/3 2020/3 2021/3 2022/3 2018/3 2019/3 2020/3 2021/3 2022/3 Forecast Forecast Forecast Ord
Slide 13: Reference: Historical Data
-Reference- Historical Data 2022/3 2018/3 2019/3 2020/3 2021/3 Forecast Net sales JPY billion 335.6 294.9 219.0 184.0 240.0 Gross profit JPY billion (12.5) 10.6 18.7 18.5 23.0 Gross profit margin % -3.7% 3.6% 8.6% 10.1% 9.6% SG&A expenses JPY billion 20.4 16.2 16.8 16.9 20.5 Operating income JPY bil
Slide 14: Toyo Engineering Corporation
Toyo Engineering Corporation URL https://www.toyo-eng.com For further questions on this material, please contact: Wataru IIDA General Manager Corporate Communications Department 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 TEL +81-47-454-1681 E-mail ir@toyo-eng.com The forecasts given above are