Airport Facilities Co., Ltd. · TSE:8864
Airport Facilities — FY2022 Earnings Presentation
30 slides from Airport Facilities's earnings presentation, May 26, 2023
Slide 1: Results Briefing for Fiscal Year Ended in March 2023
Creating value for aviation and metropolis with trust Results Briefing for Fiscal Year Ended in March 2023 May 26, 2023 AFC Group Tokyo Stock Exchange Prime division (Securities Identification Code: 8864) https://www.afc.jp
Slide 2: Table of contents
Table of contents Ⅰ. Outline of the consolidated financial statements for the ・・・ 2P fiscal year that ended in March 2023 Ⅱ. Forecast on the consolidated performance for the fiscal ・・・ 12P year ending in March 2024 Ⅲ. Progress of the Medium- to Long-Term Management Plan ・・・ 17P (1) AFC Asset Managem
Slide 3: Outline of the consolidated financial statements for FY ended March 2023
Outline of the consolidated financial statements for Ⅰ. the fiscal year that ended in March 2023 Forecast on the consolidated performance for the Ⅱ. fiscal year ending in March 2024 Progress of the Medium- to Long-Term Ⅲ. Management Plan Issues on the corporate governance of our Ⅳ. company Airport F
Slide 4: Consolidated PL
Outline of the consolidated financial statements Consolidated PL for the fiscal year that ended in March 2023 Net sales increased with the termination of the exemption of rent that was conducted for two fiscal years, and increase in water supply and drainage service usage along with recovery in th
Slide 5: Highlights of new investment
Outline of the consolidated financial statements Highlights of for the fiscal year that ended in March 2023 new investment Promotion of non-asset business; Investment in the aircraft fund Acquisition of Hiroshima Motomachi "MACH I" as an anchor investor NS Building Fund operation Mercuria Investment
Slide 6: Performance by business segment: Real estate business
Outline of the consolidated financial statements Performance by for the fiscal year that ended in March 2023 business segment Net sales increased with the termination of the exemption of rent and the acquisition of Hiroshima Motomachi NS Building Real estate On the other hand, operating income decre
Slide 7: Performance by business segment: Area heating & cooling business
Outline of the consolidated financial statements Performance by for the fiscal year that ended in March 2023 business segment With the termination of the exemption of heating charge claims and marginal increase in the sales of heating and cooling services, net sales increased. Area heating & On the
Slide 8: Performance by business segment: Water supply & drainage service and other
Outline of the consolidated financial statements Performance by for the fiscal year that ended in March 2023 business segment With an increase in the number of airport users such as passengers, Water Supply & water supply and drainage business is recovering. Drainage Service and Other Net sales: 2,3
Slide 9: Consolidated balance sheet
Outline of the consolidated financial statements Consolidated for the fiscal year that ended in March 2023 balance sheet End of March 2022 End of March, 2023 Unit: million yen Unit: million yen Current liabilities Current liabilities Current Current 11,051 9,865 assets assets 24,583 28,881 Non- Non-
Slide 10: Consolidated cash flow
Outline of the consolidated financial statements Consolidated cash flow for the fiscal year that ended in March 2023 Unit: million yen Cash and cash Operating cash flow Investing cash flow Financial cash flow Translation adjustment Cash and cash equivalents as of the of cash, etc. equivalents as of
Slide 11: Return of profits to shareholders
Outline of the consolidated financial statements Return of profits to for the fiscal year that ended in March 2023 shareholders Annual dividend ・While the profit level exceeded the plan, considering the lack of Dividend per share: transparency over the future trend of energy prices that affects the
Slide 12: Changes in shareholder benefits
Return of profits to Recent Efforts shareholders Changes in shareholder benefits ・After repeatedly conducting investigations from the perspective of developing further understanding of the business of AFC Group, shareholder benefit is changed to a meal voucher for Blue Corner UC, a restaurant operat
Slide 13: Forecast for fiscal year ending in March 2024
Outline of the consolidated financial statements for Ⅰ. the fiscal year that ended in March 2023 Forecast on the consolidated performance for the Ⅱ. fiscal year ending in March 2024 Progress of the Medium- to Long-Term Ⅲ. Management Plan Issues on the corporate governance of our Ⅳ. company Airport F
Slide 14: Forecast on the consolidated financial statements: Consolidated PL
Forecast on the consolidated financial statements Consolidated PL for the fiscal year ending in March 2024 We are expecting an increase in net sales with the promotion of non-asset business, recovery of water supply and drainage business to the pre-COVID-19 level along with increase in the numbers
Slide 15: Forecast: EBITDA + recovery
Forecast on the consolidated financial statements EBITDA + recovery for the fiscal year ending in March 2024 Although profit is expected to decrease in FY2023, it is expected that the cash flow of the company will be steady. EBITDA + recovery 7,835 7,619 8,000 7,501 7,464 7,535 6,737 6,949 6,000 4
Slide 16: Forecast: Outlook by business segment
Forecast on the consolidated financial statements Consolidated PL for the fiscal year ending in March 2024 Outlook by business segment Net sales: Bar graph, left axis Operating income: Line graph, right axis Area heating & cooling Water Supply & Drainage Real estate business business Service and Oth
Slide 17: Forecast: Return of profits to shareholders
Forecast on the consolidated performance Return of profits to for the fiscal year ending in March 2024 shareholders Annual dividend Annual dividend per share for the fiscal year ending in March 2024: 14 yen (planned) Interim dividend 7 yen + year-end dividend 7 yen (planned) (Yen) Changes in annual
Slide 18: Progress of the Medium- to Long-Term Management Plan
Outline of the consolidated financial statements for Ⅰ. the fiscal year that ended in March 2023 Forecast on the consolidated performance for the Ⅱ. fiscal year ending in March 2024 Progress of the Medium- to Long-Term Ⅲ. Management Plan Issues on the corporate governance of our Ⅳ. company Airport F
Slide 19: AFC's growth: Basic Policy of Management Plan
Progress of the Medium- to Long-Term Basic Policy Management Plan Continuous implementation of selection and concentration and Basic Policy maximum use of business resources Business that supports AFC’s growth Airport-related business Non-airport and overseas Provision of facilities business and ser
Slide 20: Develop a capital efficiency-conscious business portfolio resilient to risks
Progress of the Medium- to Long-Term Basic Policy Management Plan Changes in the business structure and profit growth AFC aims to grow and diversify profit sources by steadily building on non-asset and overseas businesses, while expanding airport-related assets through large-scale investments at Han
Slide 21: Management plan financial targets for FY2028
Progress of the Medium- to Long-Term Basic Policy Management Plan Net sales Operating income Net income 1.3 32.0 1.5 4.0 3.3 times billion yen times 5 times billion yen billion yen 23.7 3.2 billion yen billion yen 0.82 billion yen FY2021… FY2021 FY2028… Target in FY2021… FY2021 FY2028… Target in FY2
Slide 22: AFC Asset Management acquiring the first property
Progress of the Medium- to Long-Term Management Plan AFC Asset Management Co., Ltd. acquiring the first property ・AFC Asset Management Co., Ltd., was established for the development and promotion of our non-asset business outside airports. ・Revolving business will be implemented, where a property is
Slide 23: Investment in an aircraft fund as a major investor
Progress of the Medium- to Long-Term Management Plan Investment in an aircraft fund as a major investor and obtained one aircraft ・Signed an investment contract for "MACH I," an aircraft fund newly established and operated by Mercuria Investment Co., Ltd., as an anchor investor (major investor). ・It
Slide 24: Temporary operation of fresh products center at Haneda Airport
Progress of the Medium- to Long-Term Management Plan Start of the temporary operation of the fresh products center in the domestic cargo terminal area of Haneda Airport ・Fresh products center specializing in handling fresh products is currently being temporarily operated within the domestic cargo te
Slide 25: Solar power generation facility in Seletar airport, Singapore
Progress of the Medium- to Long-Term Management Plan Installation of a solar light power generation facility in the engine plant in Seletar airport, Singapore ・Airport Facilities Asia Pte. Ltd. (AFA), our group company overseas, installed a solar light power generation facility on the rooftop of the
Slide 26: Test-ride event of hydrogen forklift
Progress of the Medium- to Long-Term Management Plan Holding a test-ride event of hydrogen forklift ・A test-ride event of fuel cell forklifts using green hydrogen as a fuel (hydrogen forklifts) was held in order to consider introducing them within the cargo area of Haneda Airport. ・Airline companies
Slide 27: Food donation; CSR activity
Progress of the Medium- to Long-Term Management Plan Food donation; CSR activity ・Stockpiles of our company against disasters that are to be renewed were donated to the municipality governments, etc. where the offices of our company are located. We contributed to the reduction of food loss and to pr
Slide 28: Issues on the corporate governance of our company
Outline of the consolidated financial statements for Ⅰ. the fiscal year that ended in March 2023 Forecast on the consolidated performance for the Ⅱ. fiscal year ending in March 2024 Progress of the Medium- to Long-Term Ⅲ. Management Plan Issues on the corporate governance of our Ⅳ. company Airport F
Slide 29: Independent Inspection Committee on the Governance of the Designation of Executives
Issues on the corporate governance of our company Independent Inspection Committee on the Governance of the Designation of Executives was established and report was received. …Because it was confirmed there may be a problem in the process of discussions regarding the appointment of candidates for
Slide 30: 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 deci