Abalance Corp · TSE:3856

Abalance — Q1 FY06/24 Earnings Presentation

21 slides from Abalance's earnings presentation, Nov 17, 2023

  1. Slide 1: Financial Results Presentation for 1Q FY06/24

    Financial Results Presentation for 1Q FY06/24 Abalance Corporation TSE Standard: 3856 / November 2023 November 17, 2023 Copyright © 2023 Abalance Corporation

  2. Slide 2: Executive Summary

    Executive Summary November 17, 2023 Copyright © 2023 Abalance Corporation 1

  3. Slide 3: Performance Highlights [Consolidated; 1Q FY06/24]

    ▼ Performance Highlights [Consolidated; 1Q FY06/24]  Achieving record-breaking consolidated net sales and operating profit for the quarter:  Net Sales:57.7 billion yen（+4%＊）、Operating Profit：4.7 billion yen（+187%＊） ＊ Percentages indicate YoY  Stellar performance driven by the Solar Panel Manufact

  4. Slide 4: Consolidated Performance Forecast for FY06/24

    ▼ Consolidated Performance Forecast for FY06/24  In the first quarter, consolidated net sales remained largely in line with the budget, showcasing steady progress in profits at each stage.  Despite the uncertain external environment, influenced by factors like the market's over-supply of solar pan

  5. Slide 5: Quarterly sales and operating profit

    ▼ Quarterly sales and operating profit  Since the consolidation of VSUN in October 2020, our company's consolidated business performance, net sales and operating profit, has consistently trended upwards.  The first-quarter consolidated net sales hit a record high.  Looking ahead, We plan to inves

  6. Slide 6: Performance of Key Segments (1/2)

    ▼ Performance of Key Segments (1/2) Solar Panel Manufacturing Business (VSUN)  In the first quarter, sales of solar panels to the U.S. remained strong, and efforts were made to secure profits by setting prices for panel sales according to component price and container freight and improving the effi

  7. Slide 7: Performance of Key Segments (2/2)

    ▼ Performance of Key Segments (2/2) Green Energy Business (WWB, VALORS)  In the first quarter, steady advancement of the recurring revenue business model （➡Acquisition of Shimonoseki City Toyoura Solar Power Plant , and other projects contributed to securing stable profit）  Actively pursuing non-F

  8. Slide 8: Equity Ratio and Shareholder Returns

    ▼ Equity Ratio and Shareholder Returns ▼Improvement in Equity Ratio  Equity ratio(end-1Q FY06/24) : 9.2%  In the first quarter under review, the equity ratio remained on par with the 9.1% observed in FY06/23. This was despite the accumulation of retained earnings, as increased debt from capital in

  9. Slide 9: Appendix

    Appendix November 17, 2023 Copyright © 2023 Abalance Corporation 8

  10. Slide 10: Appendix① Abalance Group Summary

    【Appendix①】 Abalance Group Summary Abalance株式会社 Group Administration and Management Head office Tennozu First Tower 16F 2-2-4 Higashishinagawa, Shinagawa-ku, Tokyo Establishment April 17, 2000 Capital 2.06billion yen(end-Sep. 2023) Sales 217.4 billion yen(FY06/23) 251.8 billion yen (FY06/24 Forecast

  11. Slide 11: Appendix② Medium-Term Management Plan (Consolidated) (1/2)

    【Appendix②】 Medium-Term Management Plan (Consolidated) (1/2)  We are aiming for a significant increase in sales and profit, with net sales of 355.8 billion yen and operating profit of 30.8 billion yen in FY06/26.  Driven by our Solar Panel Manufacturing Business (VSUN), we are accelerating growth

  12. Slide 12: Appendix② Medium-Term Management Plan (Consolidated) (2/2)

    【 Appendix②】 Medium-Term Management Plan (Consolidated) (2/2) ＜Response to the US Regulations on Circumvented Exports＞  On August 18, 2023, the U.S. Department of Commerce announced that it had identified five Chinese solar photovoltaic product manufacturers as having circumvented exports through f

  13. Slide 13: Appendix③ Core Businesses

    【Appendix③】 Core Businesses November 17, 2023 Copyright © 2023 Abalance Corporation 12

  14. Slide 14: New US Panel Factory (VSUN)

    ▼ New US Panel Factory (VSUN) With a view to direct investment in the US market, we began considering the construction of a new panel factory and inspected potential construction sites. ＊ The schedule, construction site, and funds required are still under consideration and will be disclosed when we

  15. Slide 15: Construction of Solar Cell Plant: Project Progress

    ▼ Investment plan for the construction of Solar Cell Plant (VSUN)  For cells, the main component of solar panels, we will shift from purchasing from external suppliers to in house production.  The most advanced and largest-scale N-type TOPCon manufacturing plant outside mainland China, acknowledge

  16. Slide 16: Moving toward NASDAQ Listing (SPAC) (VSUN)

    ▼ Moving toward NASDAQ Listing (SPAC)（VSUN）  Our subsidiary, Vietnam Sunergy Cell Company Limited (hereinafter, "Cell Company"), signed a memorandum of understanding with BLUE WORLD ACQUISITION CORPORATION, a special purpose acquisition company (SPAC) listed on NASDAQ in the US.  The merger essent

  17. Slide 17: Green Energy Business Priority Initiatives

    ▼ Green Energy Business Priority Initiatives We will further promote one-stop solution proposals through the following priority initiatives, mainly by our subsidiaries, WWB Corporation and VALORS Corporation. Source of stable  Promotion of recurring revenue business (company-held solar power plants

  18. Slide 18: Promotion of recurring revenue business model (Green Energy Business)

    ▼ Promotion of recurring revenue business model (Green Energy Business) ■ Promoting the ownership of power plants (shift to recurring revenue) We own approximately 110 power plants in Japan and overseas, with power generation capacity over 140MW (including projects under development and planned for

  19. Slide 19: Recent Business Tie-Ups (Green Energy Business)

    ▼ Recent Business Tie-Ups （Green Energy Business） To accelerate our growth strategy, we will further accelerate alliances with leading domestic and overseas players in areas such as energy storage. Nov. 2022 Formed a business alliance with our subsidiaries WWB and Meiji Machine Japan Photocatalyst C

  20. Slide 20: Disclaimer

    Disclaimer  The future outlookand estimated figures presented in this material are based on information available to our company at the time of its creation, as well as facts we recognized and results from our subsequent analyses, evaluations and calculations.  While we have considered past confir

  21. Slide 21: Abalance Corporation

    Abalance Corporation November 17, 2023 Copyright © 2023 Abalance Corporation 20

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