Nsk Ltd. · TSE:6471
Nsk — H1 FY2005 Earnings Presentation
23 slides from Nsk's earnings presentation, Nov 1, 2005
Slide 1: Financial Conference for the Results of the Six Months Ended September 30, 2005
FINANCIAL CONFERENCE FOR THE RESULTS OF THE SIX MONTHS ENDED SEPTEMBER 30, 2005 AND FORECASTS FOR THE YEAR ENDING MARCH 31, 2006 Seiichi Asaka President & CEO November 01, 2005 NSK Ltd. Cautionary Statements with Respect to Forward-Looking Statements Statements made in this report with respect to pl
Slide 2: Business Results for the Six Months Ended September 30, 2005
Business Results for the Six Months Ended September 30, 2005
Slide 3: Summary of the Consolidated Business Results for the First Half of FY 2005
Summary of the Consolidated Business Results for the First Half of FY 2005 Summary: First Half of FY 2005 22
Slide 4: Progress of key objectives
Summary of the Consolidated Business Results for the First Half of FY 2005 Progress of key objectives Key measures for FY2005 Progress (April-September 2005) 33
Slide 5: Summary of the Consolidated Business Results for the First Half of FY 2005
Summary of the Consolidated Business Results for the First Half of FY 2005 (6 months ended Sep. 30, ‘03) (6 months ended Sep. 30, ‘04) (6 months ended Sep. 30, ‘04) Difference (amount) Difference (%) compared to the compared to the (¥100 million) FY ’04:1st half FY ’05: 1st half FY ’05: 1st half sam
Slide 6: Net Sales Operating income - By Business Segment
Net Sales Operating income –By Business Segment – (6 months ended Sep. 30, ‘03) (6 months ended Sep. 30, ‘04) (6 months ended Sep. 30, ‘04) Difference (amount) Difference (%) (¥100 million) FY ’04: 1st half FY ’05: 1st half FY ’05: 1st half compared to the same compared to the same period last year
Slide 7: Business results - 1st and 2nd quarter of FY 2005
Business results - 1st and 2nd quarter of FY 2005 ¥100 million Total operating income margin Automotive products ¥100 million ¥100 million 200 ¥100 million 1600 Net 0.1 1000 0.1 1400 sales 0.1 1200 150 0.1 800 0.1 1000 103 0.1 Operating 600 800 81 100 0.0 income 0.0 600 (right side) 0.0 400 45 400 5
Slide 8: Factors affecting operating income
Factors affecting operating income Group total Apr – Sep 2005 ¥ billion Decline in prices, etc. 19.5 billion 1.7 External procurement cost reductions 1.1 billion Profit 0.3 contribution attributable to higher sales +2.3 18.4 billion volume Apr – Sep 2006 4.8 +3.4 77
Slide 9: Sales and Operating Income - By Geographical Location
Sales and Operating Income –By Geographical Location – (6 months ended Sep. 30, ‘03) (6 months ended Sep. 30, ‘04) (6 months ended Sep. 30, ‘04) Difference (amount) Difference (%) compared (¥100 million) FY ’04: 1st half FY ’05: 1st half FY ’05: 1st half compared to the same to the same period last
Slide 10: Net sales - By Customer Location
Net sales –By Customer Location – (6 months ended Sep. 30, ‘03) (6 months ended Sep. 30, ‘04) (6 months ended Sep. 30, ‘04) (¥100 million) Difference (amount) Difference (%) compared FY ’04: 1st half FY ’05: 1st half FY ’05: 1st half compared to the same to the same period last <Actual> <forecast> <
Slide 11: Non-operating income and losses, Extraordinary income and losses
Non-operating income and losses Extraordinary income and losses Non-operating income and losses Extraordinary income and losses Financial position improved. Gain on sales of investment securities, property, plant Equity in earnings of affiliated companies increased. and equipment were appropriated.
Slide 12: Consolidated Balance Sheets
Consolidated Balance Sheets (¥100 million) FY 2004 FY 2005 (6 months ended Sep. 30, ‘04) (Year ended Mar. 31, ‘05) (6 months ended Sep. 30, ‘05) Difference Interim Year-end Interim (Compared to FY ’04: Year-end) Assets Current assets 2,844 2,787 2,865 +78 Non- Non-current assets 3,378 3,499 3,728 +2
Slide 13: Inventories and Interest Bearing Debts
Inventories and Interest Bearing Debts Inventories Interest Bearing Debts Higher sales resulted increased inventories. Interest-bearing debts will be reduced in the 2nd Turnover will be improved in the 2nd half of FY 2005 half of FY 2005, and the financial structure will by improving the inventory e
Slide 14: Capital Expenditures, Depreciation & Amortization
Capital Expenditures, Depreciation & Amortization Capital expenditures that will support our future growth were made especially in Japan and Asia, which will be continued in the 2nd half of FY 2005. ¥100 million The 1st half of FY ‘04 The 2nd half of FY ‘04 The 1st half of FY ‘05 Capital expenditure
Slide 15: Consolidated Cash Flow (FY 2005: 1st half)
Consolidated Cash Flow (FY 2005: 1st half) (Excluding the effect of exchange rate fluctuations) ¥100 million Apr-Sep ‘04 Oct-Mar ‘04 Apr-Sep ‘05 Source of Funds Cash flow provided by Operating activities 210 369 203 Cash flow used in Investing activities 135 181 153 (Free cash flow) 75 188 50 Cash f
Slide 16: Forecasts for the Year Ending March 31, 2006
Forecasts for the Year Ending March 31, 2005
Slide 17: Revised forecasts for FY 2005: Full Year
Revised forecasts for FY 2005: Full Year Full year forecast Forecasted business environment for FY 2005: 2nd half ’ 1616
Slide 18: Year-end forecast for FY 2005
Year-end forecast for FY 2005 (¥100 million) FY 2004 FY 2005 Difference (amount) Full year Full year 1st half Full year compared to the same (Ended Mar. 31, ‘05) (Ending Mar. 31, ‘06) (Ended Sep. 30, ‘05) (Ending Mar. 31, ‘06) period last <Actual> <forecast> <Actual> <New forecast> year Sales 5,810
Slide 19: Year-end forecast for FY 2005 - By Business Segment
Year-end forecast for FY 2005 –By Business Segment– (¥100 million) FY 2004 FY 2005 Difference (amount) Full year Full year 1st half Full year compared to (Ended Mar. 31, ‘05) (Ending Mar. 31, ‘06) (Ended Sep. 30, ‘05) (Ending Mar. 31, ‘06) the same period last <Actual> <forecast> <Actual> <New forec
Slide 20: Year-end forecast for FY 2005 - By Geographical Segment
Year-end forecast for FY 2005 –By Geographical Segment– (¥100 million) FY 2004 FY 2005 Difference (amount) Full year Full year 1st half Full year compared to the (Ended Mar. 31, ‘05) (Ending Mar. 31, ‘06) (Ended Sep. 30, ‘05) (Ending Mar. 31, ‘06) same <Actual> <forecast> <Actual> <New forecast> per
Slide 21: Year-end forecast for FY 2005 - By Customer Location
Year-end forecast for FY 2005 –By Customer Location – (¥100 million) FY 2004 FY 2005 Difference Full year Full year 1st half Full year (amount) (Ended Mar. 31, ‘05) (Ending Mar. 31, ‘06) (Ended Sep. 30, ‘05) (Ending Mar. 31, ‘06) compared to the <Actual> <forecast> <Actual> <New forecast> same perio
Slide 22: Vision for the final year of our Mid-term Business Plan
Vision for the final year of our Mid-term Business Plan Operating income margin 8.5% Vision more than 10% Mid-term Targets More than 10% Financial position : D/E ratio less than 1.0 2121
Slide 23: Additional information
Additional information ¥100 million FY 2005 Forecast Capital expenditures 40 Japan 268 Overseas 132 The Americas 30 Europe 34 Asia 68 ¥100 million FY 2005 Forecast Depreciation 295 ¥100 million FY 2005 Forecast 2222 R&D 110