Ulvac, Inc. · TSE:6728
Ulvac — Q1 FY2022 Earnings Presentation
11 slides from Ulvac's earnings presentation, Nov 11, 2022
Slide 1: Business Results: The First Quarter of FY2022
ULVAC, Inc. | - - Business Results” The Firs@Quarter of FY2022 (July 2022 - September.2022) g P oO Nov. 11, 2022 Securities Code:6728
Slide 2: Disclaimer regarding forward-looking statements
Disclaimer regarding forward-looking statements Forward-looking statements of the company in this presentation are based on information that was available at the time these documents were prepared. There are several factors that directly or indirectly impact the company performance, such as the glob
Slide 3: Orders received in 1Q remained high at 66.6 billion yen
Orders received in 1Q remained high at 66.6 billion yen, with a 37% increase in Semiconductor and Electronics YoY, offsetting a YoY decline in FPDs orders. Orders for Electronics increased significantly, especially due to active investments for power devices in China and Japan, as well as μOLED for
Slide 4: Orders in 1Q remained high, with growth in Electronics and Components
Orders in 1Q remained high at 66.6 billion yen, with growth in Electronics, including power devices, and Components as well, offsetting the reactionary decline in FPDs orders YoY. Net sales increased 8.8 billion yen to 56.2 billion yen from 47.4 billion yen YoY. Operating profit increased by 1.6 bil
Slide 5: Orders received YoY by segment
The graph on the left shows the orders received YoY . Semiconductors and Electronics grew significantly from 21.4 billion yen to 29.3 billion yen. Memory-related investment has currently being restrained, and some projects have been postponed to the second half of the fiscal year. Logic increased Yo
Slide 6: Net sales were low due to project accepted earlier
Net sales were low, because a project originally scheduled in the 1Q was accepted earlier due to a request from the client, and sales were recorded in the previous 4Q. Net sales are expected to be around 65 billion yen from 2Q onward, supported by a high level of orders received, and the annual sale
Slide 7: Gross and operating profit margins decreased QoQ
Gross and operating profit margins decreased QoQ due to a 19 billion yen decrease in net sales from 75.2 billion yen to 56.2 billion yen, but improved YoY. We aim to achieve the profit margin target from 2Q onward through (1) Increase of sales, (2) Improved segment mix due to the sales increase of S
Slide 8: Cash and deposits on the balance sheet includes advances received
Cash and deposits on the balance sheet includes advances received for FPDs and others of 24.8 billion yen and the preparation for increased working capital requirements as the company's business portfolio shifts its weight from FPDs to Semiconductor and Electronics, increased sales, and uncertain gl
Slide 9: Semiconductor memory investment restrained; new process opportunities expanding
In the semiconductor memory industry, investment has been currently restrained, and some investment has been postponed to the second half of the year. However, opportunities for new process entry are also expanding and our efforts to increase market share are ongoing. We are still confirming and ver
Slide 10: Quarterly Business Results
Quarterly Business Results ULVAC (Unit: ¥1 billion) Orders Received Net Sales Gross Profit Gross Profit Margin SG&A Operating Profit Operating Profit Margin Profit attributable to owners of parent To net sales ratio 1Q 2a 3Q 4Q 1Q 66.3 78.3 59.6 65.9 66.6 474 58.3 60.4 75.2 56.2 13.2 18.9 18.6 23.0
Slide 11: ULVAC Vacuum Technology Contributes to Many Industries and Applications
ULVAC Vacuum Technology Contributes to Many Industries and Applications 11