Unipres Corporation · TSE:5949
Unipres — Q2 FY2020 Earnings Presentation
24 slides from Unipres's earnings presentation, 2020
Slide 1: FY2020 2nd Quarter Financial Results
FY2020 2nd Quarter Financial Results
Slide 2: FY2020 2Q Financial Results / Forecast of FY2020
FY2020 2Q Financial Results Forecast of FY2020
Slide 3: FY2020 2Q Financial Results
<a» UNIPRES FY2020 2Q Financial Results Cenc TTT UINIPRES CORPORATION
Slide 4: Key Highlights for Q2, FY2020
Key Highlights for Q2, FY2020 (consolidated-basis) １. Net sales sharply decreased mainly due to the production cutbacks and shutdown of the operations associated with customers' reduced production that were caused by the global spread of corona virus (COVID-19) infection in addition to Forex impact.
Slide 5: Summary of Q2, FY2020
Summary of Q2, FY2020 Net sales decreased by 60.6 billion yen mainly due to the production cutbacks and shutdown of the operations associated with customers' reduced production that were caused by the global spread of corona virus (COVID-19) infection in addition to Forex impact. Operating profi
Slide 6: Consolidated Sales by Product Group
Consolidated Sales by Product Group (billion yen) 2Q, FY2019 2Q, FY2020 Variance Variance % % % Sales Sales Car body press products 125.3 84.3% 73.4 83.4% -51.9 -0.9% Transmission products 20.8 14.0% 12.0 13.6% -8.8 -0.4% Plastic 1.9 1.3% 1.1 1.3% -0.8 0.0% products Other 0.6 0.4% 1.5 1.7% +0.9 +1.3
Slide 7: Consolidated Sales by Customer (Nissan Motor-related products)
Consolidated Sales by Customer（Nissan Motor-related products） The composition ratio decreased by 3.7% mainly because of sales decrease of Nissan North America and Nissan Europe. 2Q, FY2019 2Q, FY2020 (billion yen) Variance Sales % Sales % Nissan Motor-related products 124.1 83.5% 70.2 79.8% -3.7%
Slide 8: Consolidated Sales by Customer (Other Customers)
Consolidated Sales by Customer ( Other Customers) The composition ratio rose by 3.7% due to sales increase of Groupe PSA and AISIN AW CO.,LTD. 2Q, FY2019 2Q, FY2020 (billion yen) Variance Sales % Sales % Other Customers Sub-total 24.5 16.5% 17.8 20.2% +3.7% Incl.) Honda of America Mfg., Inc. 3.2 2
Slide 9: Operating Profit Variance Analysis
Operating Profit Variance Analysis (billion yen) 10 ※ Production reinforcement:0 ※ Cost saving:0 5 3.9 3.9 0 -5 -18.4 -15.2 -10 -0.6 0.2 0.4 -0.6 1.9 -2.0 -15 -20 Others adjustment Consolidation & model mix etc. Volume fluctuation FY2019 FY2020 amortization Depreciation/ Forex parts new car model In
Slide 10: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) Net sales dropped by 35.8% due to customers' reduced production caused by the spread of corona virus and other factors. Operating profit was lost by 9.6 billion yen because of the increase of new model parts launching cost, etc. Net Sales （億円） (billion ye
Slide 11: Sales/Operating Profit by Region (The Americas)
Sales/Operating Profit by Region (The Americas) Net sales dropped by 49.5% due to customers’ reduced production and shutdown of the customers' operations in response to the stay-at-home order and movement control order that had been caused by the spread of corona virus in addition to Forex impact.
Slide 12: Sales/Operating Profit by Region (Europe)
Sales/Operating Profit by Region (Europe) Net sales dropped by 46.4% due to customers' reduced production caused by the spread of corona virus and Forex impact, etc. Operating profit was lost by 2.6 billion yen. (billion yen) Net sales (billion yen) Operating profit 50 first half 2 first half se
Slide 13: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) Net sales dropped by 34.4% due to customers’ reduced production and shutdown of the customers' operations in response to the stay-at-home order and movement control order that had been caused by the spread of corona virus in addition to Forex impact. Opera
Slide 14: Capital Investment
Capital Investment (billion yen) 40 Domestic business results 37.9 Overseas business results 31.2 30 14.2 22.9 11.8 19.3 18.6 20 10.0 16.7 4.8 9.4 6.2 23.7 10 8.3 19.4 1.8 12.9 13.8 9.9 10.5 6.5 0 FY2018 FY2018 FY2018 FY2019 FY2019 FY2019 FY2020 1st half 2nd half 1st half 2nd half 1st half Copyright
Slide 15: Capital Investment & Depreciation / Amortization
Capital Investment & Depreciation / Amortization (billion yen) 40 Capital investment Depreciation/amortization Annual plan (32.0) 30 Annual plan （21.5） 20 (20.0) 37.9 31.2 10 18.3 19.5 16.7 10.0 0 FY2020 FY2018 FY2019 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 2.8 Free cash flow 30 7.7 20 37.9 36.433.6 29.7 10 22.0 19.2 18.7 11.6 11.6 14.6 10.5 6.7 0 -4.9 -1.1 -7.1 -9.1 -10 -20.3 -23.7 -27.4 -20 -30 FY2018 FY2018 FY2018 FY2019 FY2019 FY2019 FY2020 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 24.7 billion yen compared with the end-March, 2020. Net interest-bearing debts including cash and deposits was 50.6 billion yen. (billion yen) 80 Long-term loans payable Interest-bearing debt balance 71
Slide 18: Changes in Equity-to-total Assets
Changes in Equity-to-total Assets The ratio decreased by 7.2% to 41.5% compared to the end of March 2020 due to the recording of net loss attributable to owners of parent. （%） 70 60.4 59.9 60 53.5 48.7 50 41.5 40 30 End-September, End-March, End-September, End-March, End-September, 2018 2019 2019
Slide 19: Forecast of FY2020
<a» UNIPRES Forecast of FY2020 Cenc TTT UINIPRES CORPORATION
Slide 20: 2020 Consolidated Business Forecast Highlights
2020 Consolidated Business Forecast Highlights 1. Net sales forecast to decline mainly due to customers’ production decreased and Forex impact. 2. Operating profit forecast to decrease due to sales decline. 3. Large capital investment is projected due to investment of model change including hot stam
Slide 21: Consolidated Business Forecast for FY2020
Consolidated Business Forecast for FY2020 Transition in business results 売 Net sales (billion yen) 40 400 327.7 Net sales 上 Operating profit (billion yen) 295.6 30 300 高 238.0 （ Operating profit 億 営 20 200 円 業 ） 利 益 10 20.1 100 （ 億 3.3 0 0 円 ） -7.5 -100 -10 -100 FY2018 FY2019（A） FY2020 forecast（B） （
Slide 22: Copyright© UNIPRES CORPORATION, All Rights Reserved.
Copyright© UNIPRES CORPORATION, All Rights Reserved. 22
Slide 23: Reference: Exchange rates
Exchange rate Reference (yen) 2Q, FY2019 2Q, FY2020 Preconditions of Average for the Average for the FY2020 forecast period term end period term end US $ 108.68 107.96 106.33 105.81 105.60 STG ￡ 142.37 136.53 135.92 132.48 132.00 EURO 124.07 122.46 119.40 121.05 119.70 MEX $ 5.73 5.62 4.99 4.66 4.85
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