Ulvac, Inc. · TSE:6728
Ulvac — Q3 FY2024/6 Earnings Presentation
13 slides from Ulvac's earnings presentation, May 14, 2024
Slide 1: ULVAC Third Quarter FY2024/6 Business Results
ULVAC ULVAC, Inc. The Third Quarter of FY2024/6 Business Results (Jul. 2023 — Mar. 2024) May 14, 2024
Slide 2: Disclaimer regarding forward-looking statements etc.
Disclaimer regarding forward-looking statements etc. = Forward-looking statements Forward-looking statements of the company in this presentation are based on information that was available at the time these documents were prepared. There are several factors that directly or indirectly impact the com
Slide 3: Q3 FY2024 performance summary
I would like to explain our performance for Q3 of the fiscal year ending June 30, 2024. For the results of Q3 YTD, orders received increased 10% YoY to ¥189.7 billion, sales increased 15% YoY to ¥185.2 billion, and operating profit increased 60% YoY to ¥20.4 billion, each of which represents a signi
Slide 4: Orders, net sales and operating profit increased year over year
As explained in the summary, orders received increased YoY mainly due to active investment in Power devices and Battery-related business. Net sales also increased YoY, and operating profit rose significantly due to an improved mix and contributions from high-margin projects, resulting in a 3.1pt imp
Slide 5: Orders received increased significantly year over year
The graph on the left shows that orders received increased significantly YoY to ¥189.7 billion. Power devices and Batteries were the main drivers. Semiconductors had been in an adjustment phase due to inventory adjustments and other factors, but investment in Advanced logic and Memory began to recov
Slide 6: Quarterly profit margin improved significantly in Q3
Looking at the quarterly profit margin, the profit margin in Q3 has improved significantly. In addition to a steady increase in sales of Semiconductors and Electronics, which have relatively high profit margins, high-margin projects contributed in Q3, and as a result, gross profit margin, operating
Slide 7: Growth drivers are steadily driving business growth
As you can see, growth drivers are steadily driving the business growth. From the bottom up, In Power devices, SiC investment has been active since Q1 in Japan as well as in China. Japanese power device manufactures started SiC investment in 6-inch devices, but they are now considering 8-inch device
Slide 8: Quarterly trends in orders and full-year outlook
For the quarterly trends in orders received as in the left-hand side graph, orders received in Q1 were high, due in part to the concentration of orders for Power devices and Battery-related equipment. Orders in the Q2 and Q3 were almost in line with our plan, and we expect orders in the Q4 to exceed
Slide 9: Sustainable finance and ESG recognition
We will procure funds from Mizuho Bank, Sumitomo Mitsui Banking Corporation, and the Development Bank of Japan through sustainable finance. In addition, ULVAC was selected as a constituent of the MSCI Japan Equity Women's Activity Index, We have also received a “B” score in CDP's Climate Change Repo
Slide 10: Quarterly Consolidated Financial Results
| 7 J Quarterly Consolidated Financial Results ULVAC FY23/6 FY24/6 (Unit ¥1 billion) Qi Q2 Q3 Q4 Qi Q2 Q3 Amount % Orders Received 66.6 62.5 43.4 747 78.0, 56.1 556 — +12.2 428% Net Sales 56.2 55.2 49.6 66.6 55.0 65.2 65.0 +154 +31%| Gross Profit 16.5 16.8 147 19.1 15.3 20.1 22.0 +7.2 +49%| Gross Pr
Slide 11: Consolidated Balance Sheet
| 3 Consolidated Balance Sheet ULVAC | Assets (Unit ¥1 bition) l Liabilities and Net Assets (Unit: #1 billion) “Advances received (Contract liabil ¥32.0 billion 378.5 353.5 ‘Notes and accounts payable trade seen egee | 3 | * Notes and accounts *Interest-bearing debt recetvable,rade 475 * Inventories
Slide 12: Supporting a smart and digital society and green energy through technological innovation
Fer orting the realization of a smart and digital society and green energy through technological innovation§_J J \/ AC Smart and Digital Society soe | si | ot Green Energy Conversion Realization sa ba | lel | Low Power Consumption ses BIE © xaos AN g | Memory Il Logic IC Pinch alan Power Device \[ B
Slide 13: ULVAC Vacuum Technology Contributes to Many Industries and Applications
ULVAC Vacuum Technology Contributes to Many Industries and:Applications