Airport Facilities Co., Ltd. · TSE:8864
Airport Facilities — FY2023 Earnings Presentation
33 slides from Airport Facilities's earnings presentation, May 31, 2024
Slide 1: Results Briefing for Fiscal Year Ended in March 2024
Creating value for aviation and metropolis with trust Results Briefing for Fiscal Year Ended in March 2024 AFC Group May 31, 2024 AIRPORT FACILITIES CO., LTD. Tokyo Stock Exchange Prime division (Ticker Symbol: 8864) https://www.afc.jp
Slide 2: Table of contents
Table of contents I. Outline of the financial statements for the fiscal year ・・・ P2 that ended in March 2024 and projected business results for the fiscal year ending in March 2025 II． Details of the consolidated financial statements for the ・・・ P7 fiscal year that ended in March 2024 III. Details o
Slide 3: Outline of the financial statements and projected results
I. Outline of the financial statements for the fiscal year that ended in March 2024 and projected business results for the fiscal year ending in March 2025 II. Details of the consolidated financial statements for the fiscal year that ended in March 2024 III. Details of the consolidated projected bus
Slide 4: Outline of consolidated financial statements: Consolidated PL
Outline of the consolidated financial statements Consolidated PL for the fiscal year that ended in March 2024 Unit: million yen Year on year: Operating Year on year: Net sales +434 million yen (+1.7%) +680 million yen (+27.1%) income 25,516 25,950 3,500 26,000 3,280 3,183 23,777 24,000 3,000 Altho
Slide 5: Highlights of new investment
Outline of the consolidated financial statements Highlights of new investment for the fiscal year that ended in March 2024 Acquisition of two real estate properties for sales Solar panels are installed (acquired in the latter half of FY2023) in Singapore Nihonbashi Hamacho 2-Chome Building Solar pan
Slide 6: Return of profits to shareholders
Outline of the consolidated financial statements Return of profits to for the fiscal year that ended in March 2024 shareholders Dividend Annual dividend increase Dividend per share: ・Our company recognizes the return of profits to our shareholders as an important management issue, and aims to achiev
Slide 7: Outline of projected business for FY ending March 2025
Outline of the projected business for the fiscal year Consolidated PL/ Dividend forecast ending in March 2025 Increases in net sales and operating income are also Dividend exceeding the previous fiscal year is scheduled aimed for in the fiscal year ending in March 2025. for the fiscal year ending in
Slide 8: Details of the consolidated financial statements
I. Outline of the financial statements for the fiscal year that ended in March 2024 and projected business results for the fiscal year ending in March 2025 II. Details of the consolidated financial statements for the fiscal year that ended in March 2024 III. Details of the consolidated projected bus
Slide 9: Consolidated PL (restated)
Outline of the consolidated financial statements Consolidated PL for the fiscal year that ended in March 2024 (restated) Unit: million yen Year on year: Operating Year on year: Net sales +434 million yen (+1.7%) +680 million yen (+27.1%) income 25,516 25,950 3,500 26,000 3,280 3,183 23,777 24,000 3,
Slide 10: Progress by business segment: operating income change
Details of the consolidated financial statements for Progress by the fiscal year that ended in March 2024 business segment ┃Transitional change of operating income (income/expenses) +680 million yen Unit: million yen Other cost of Administrative sales expenses +342 +14 Water supply & drainage Repair
Slide 11: Real estate business
Details of the consolidated financial statements for Performance by business segment the fiscal year that ended in March 2024 While some real estate properties outside airports were sold in the first half of the fiscal year, net sales were generally unchanged with the progress of non-asset business.
Slide 12: Area heating & cooling business
Details of the consolidated financial statements for Performance by business segment the fiscal year that ended in March 2024 Net sales increased with increase in the sales of heating and cooling service Area heating & Increase in operating income with the decrease of raw material expenses (electric
Slide 13: Water Supply & Drainage Service and Other Business
Details of the consolidated financial statements for Performance by business segment the fiscal year that ended in March 2024 Water Supply & With an increase in the number of airport users such as passengers, water supply and drainage business is recovering. Drainage Service and Other Net sales: 3,0
Slide 14: Consolidated balance sheet
Details of the consolidated financial statements for Consolidated the fiscal year that ended in March 2024 balance sheet End of March, 2023 End of March, 2024 Unit: million yen Unit: million yen Current liabilities Current liabilities Current 9,865 Current 10,054 assets assets 28,881 38,492 Non- Non
Slide 15: Consolidated cash flow
Details of the consolidated financial statements for Consolidated cash flow the fiscal year that ended in March 2024 [Cash flows from operating activities] Although expenses increased with increase in inventory assets with the acquisition of real estate Unit: million yen properties for sales, income
Slide 16: Details of the projected business for FY ending March 2025
I. Outline of the financial statements for the fiscal year that ended in March 2024 and projected business results for the fiscal year ending in March 2025 II. Details of the consolidated financial statements for the fiscal year that ended in March 2024 III. Details of the consolidated projected bus
Slide 17: Consolidated PL forecast for FY ending March 2025
Details of the consolidated projected business for Consolidated PL the fiscal year ending in March 2025 Unit: million yen Year on year: Operating Year on year: Net sales +3,463 million yen (+13.3%) +219 million yen (+6.9%) Net sales are expected to increase according to income increase in water su
Slide 18: EBITDA + recovery
Details of the consolidated projected business for EBITDA + recovery the fiscal year ending in March 2025 ・It is expected that the cash flow of the company will be sound accompanied mainly with increase in operating income. EBITDA + recovery 9,000 8,470 7,835 7,901 8,000 7,501 7,619 7,535 7,464 7,00
Slide 19: Outlook by business segment
Details of the consolidated projected business for Outlook by the fiscal year ending in March 2025 business segment Change in business segments reported Outlook by business segment, net sales Under the business portfolio strategy set out in the Medium- to Long-Term Management Plan (FY2022 – FY2028),
Slide 20: Return of profits to shareholders
Details of the consolidated projected business for Return of profits the fiscal year ending in March 2025 to shareholders Expected annual dividend for fiscal year ending in March 2025 Annual dividend per share for the fiscal year ending in March 2025: Dividend exceeding the increased dividend in FY2
Slide 21: Progress of the Medium- to Long-Term Management Plan
I. Outline of the financial statements for the fiscal year that ended in March 2024 and projected business results for the fiscal year ending in March 2025 II. Details of the consolidated financial statements for the fiscal year that ended in March 2024 III. Details of the consolidated projected bus
Slide 22: Basic Policy (restated)
Basic Policy Progress of the Medium- to Long-Term Management Plan (restated) Continuous implementation of selection and concentration Basic Policy and maximum use of business resources * ROA = business profit (operating income + non-operating income) ÷ total assets Airport Facilities Co.,Ltd. 21
Slide 23: A fresh products center starts full operation
Airport-related Progress of the Medium- to Long-Term Management Plan real estate business A fresh products center starts full operation in the Haneda Airport domestic cargo terminal area ・A fresh products center specializing in handling fresh products is scheduled to start full operation by around J
Slide 24: Acquisition of four real estate properties for sales
Non-asset Progress of the Medium- to Long-Term Management Plan business Acquisition of four real estate properties for sales; Plan being promoted ahead of schedule ・Development and promotion of "revolving business," which sells ┃List of real estate properties for sales the acquired properties after
Slide 25: Upgrading of refrigerating machines is under way
Airport-related Progress of the Medium- to Long-Term Management Plan infrastructure business Upgrading of refrigerating machines is under way; Being friendly to the global environment ・Tokyo Airport Heating & Cooling Co., Ltd. is upgrading two refrigerating machines at the timing of renewal to high-
Slide 26: Obtaining the third aircraft through the aircraft fund
Overseas business Progress of the Medium- to Long-Term Management Plan Obtaining the third aircraft through the aircraft fund, in which our company participates as an anchor investor ・In July 2022, our company signed an investment contract for "MACH I," an aircraft fund, with Mercuria Investment Co.
Slide 27: Installing solar power generation facilities abroad
Overseas Progress of the Medium- to Long-Term Management Plan business Installing solar power generation facilities abroad, which is the first effort for our company ・Airport Facilities Asia Pte. Ltd. (AFA), our group company overseas, installed a solar light power generation facility on the rooftop
Slide 28: Management conscious of cost of capital: business characteristics
Progress of the Medium- to Long-Term Management Plan Action to Implement Management that is Conscious of Cost of Capital and Stock Price Characteristics of the businesses of our company Since its foundation, our company has been providing facilities essential for the operation of aircrafts and area
Slide 29: Management conscious of cost of capital: current situation
Progress of the Medium- to Long-Term Management Plan Action to Implement Management that is Conscious of Cost of Capital and Stock Price Recognition of current situation PBR of our company is 0.52, and ROE is 3.5% (FY2023). Recent stagnation of ROE is partly because of decrease in profit due to the
Slide 30: Management conscious of cost of capital: policy and objectives
Progress of the Medium- to Long-Term Management Plan Action to Implement Management that is Conscious of Cost of Capital and Stock Price Policy and objectives towards improvement Our company is currently working on the FY2022-FY2028 Medium- to Long-Term Management Plan, and is aiming to improve ROE
Slide 31: Changes in shareholder benefits
Progress of the Medium- to Long-Term Management Plan Changes in shareholder benefits ・From the perspective of developing further understanding of the business of AFC Group and make it useful also for individual shareholders, we decided to change the shareholder benefit to a meal voucher for Blue Cor
Slide 32: Initiatives for ESG
Progress of the Medium- to Long-Term Management Plan Initiatives for ESG ■ Adopted as the trial company for ■ Provision of SD plant as a verification test site ■ Participation in the HANEDA fuel-cell forklifts (FCFL) using ・Haneda Airport SD plant was provided as a verification test site ■ INNOVATIO
Slide 33: Disclaimer and Inquiries
Disclaimer Warnings ■ This reference document is not intended to solicit investment. ■ Descriptions regarding future forecasts are based on information currently available, and the results may turn out differently depending on changes in the business environment, etc. ■ Users should make important d