Acom Co., Ltd. · TSE:8572

Acom — H1 FY2010 Earnings Presentation

28 slides from Acom's earnings presentation, Nov 6, 2009

1. Slide 1: Acom IR presentation 2009/11/6

   http://www.acom.co.jp/ir/ 2009 11 6

2. Slide 2: Contents

   No. 1. 4 2. 5 3. 25 8 4. MUFG 9 5. 10 1. IR 14 20 2. 15 30 2

3. Slide 3: Agenda items (1)-(6) including MUFG

   (1) (2) (3) 3 (4) (5) MUFG (6)

4. Slide 4: MUFG

   9 9 9 9 9 9 9 9 9 9 9 9 9 9MUFG MUFG 9 9 4

5. Slide 5: Interim results summary

   2010 3 2 % % 141,722 -15.9 121,409 -11.1 124,337 -13.8 110,302 -11.3 2,075 -15.9 1,852 -16.8 2,065 -20.8 - - 5,251 -8.1 5,313 -9.3 6,118 -27.0 - - 58 -95.3 3,941 -3.7 1,815 7.7 - - 133,652 -2.7 115,125 6.1 11,160 3.4 8,347 13.0 61,094 45.9 55,721 55.3 8,705 -55.6 8,705 -55.6 52,693 -19.2 42,351 -7.3

6. Slide 6: Earnings forecast and key indicators

   (%) (%) 2010/3 1,176,080 -5.3 0.4 1,113,600 2,170,800 -3.4 1.7 1,972,300 87,474 -3.2 - 169,000 113,718 -11.0 - 219,300 ¥ 67,092 2.1 14.3 67,200 EASY BUY ( 1) 23,791 14.8 5.4 ( 3) 25,075 815,801 20.5 2.4 860,300 ¥ 9,555 -2.1 - 19,000 ( 2) 3,500 19.0 - ( 3)7,090 1:1 =2.82 (2009 6 ) 2:1 =2.73 (2009 1 6

7. Slide 7: Loan balance and receivables

   ( %) 2010/3 (%) (%) 313,536 185.1 170.9 313,800 667,158 170.1 161.4 657,000 5,251 28.2 - 14,100 18,353 -28.2 -12.3 17,300 289,896 17.8 13.3 - 6,118 -27.0 - 11,300 5,835 -27.0 - - 9 UFJ 16 1: DC 2: 2010 25 7

8. Slide 8: Forecast, EPS and dividends

   2010 3 % % 260,400 276,400 -14.8 16,000 221,700 237,600 -9.4 15,900 228,200 267,900 -8.8 39,700 191,600 231,300 -1.7 39,700 23,800 23,200 4.5 -600 18,000 17,600 19.9 -400 96,300 105,300 19.8 9,000 85,800 94,400 23.8 8,600 - 31,600 -39.4 31,600 - 31,600 -39.4 31,600 32,200 8,500 -72.3 -23,700 30,100

9. Slide 9: MUFG group cooperation

   MUFG MUFG 2009 9 UFJ 2009 5 DC 2009 4 2009 4 DC UFJ 2008 12 UFJ 2008 9 MUFG 15.77% 40.04% 9

10. Slide 10: Business plan

    1,400 1,200 1,270 1 2006 11 1,124 400 1,000 923 921 2009 11 800 321 877 600 600 400 200 0 '06/3 '07/3 '08/3 '09/3 '10/3 '11/3 '12/3 2006 11 2009 11 9 9 10

11. Slide 11: Medium-term plan

    2009 3 2009 9 2012 3 118 118 45 31 1,489 1,448 1,200 4 4 2 550 86 2,756 2,636 285 2,089 219 79 86 42 83 256 561 321 2012 3 600 11

12. Slide 12: ‹

    ‹ 12

13. Slide 13: Appendix: IR

    (1) (2) IR

14. Slide 14: Income statement comparison

    % 2009/9 2010/3 2009/3 262,120 121,409 -11.1 237,600 -9.4 15,900 235,223 115,125 6.1 231,300 -1.7 39,700 14,675 8,347 13.0 17,600 19.9 -400 76,276 55,721 55.3 94,400 23.8 8,600 52,157 8,705 -55.6 31,600 -39.4 31,600 92,113 42,351 -7.3 87,700 -4.8 -100 26,896 6,283 -77.6 6,300 -76.6 -23,800 29,165 7,

15. Slide 15: Operating revenue analysis

    % 2009/9 2010/3 % 121,409 -15,157 -11.1 237,600 -9.4 15,900 110,302 -14,087 -11.3 212,800 -10.7 10,500 18.67% - -0.89 p.p. 18.37 -0.95p.p. 0.96p.p. 1,144,130 -60,083 -5.0 1,085,700 -4.5 -2,700 „ „ 9 9 15

16. Slide 16: Operating expenses

    % 2009/9 2010/3 % 115,125 6,573 6.1 231,300 -1.7 39,700 8,347 961 13.0 17,600 19.9 -400 55,721 19,838 55.3 94,400 23.8 8,600 8,705 -10,885 -55.6 31,600 -39.4 31,600 12,210 49 0.4 24,200 1.3 0 3,754 -611 -14.0 6,600 -23.7 -200 5,537 -544 -9.0 11,600 -3.3 0 8,771 -1,657 -15.9 20,300 -7.5 0 6,912 -119

17. Slide 17: Net income and non-operating items

    % 2009/9 2010/3 % 6,283 -21,730 -77.6 6,300 -76.6 -23,800 7,214 -22,130 -75.4 7,600 -73.9 -23,600 2,068 1,410 214.5 2,000 -61.4 2,000 393 -112 -22.3 14,700 203.0 13,900 6,716 -1,652 -19.7 6,700 -46.1 6,700 2,122 -18,938 -89.9 -11,900 - -42,100 „ „ 9 9 17

18. Slide 18: Cash flow and bad debt provisions

    2010/3 2010/3 2009/3 1Q 2Q 52,157 738 7,967 8,705 - 31,600 86,203 26,291 22,536 48,827 - - 84,953 27,059 23,201 50,260 - - 57,354 12,947 12,130 25,077 - - -91,400 -38,500 -26,700 -65,200 -132,000 -113,400 283,400 244,900 218,200 151,400 170,000 2010/3 2008/9 2008/12 2009/3 2009/6 2009/9 35,883 58,28

19. Slide 19: New customers and loans trends

    ( ) ( ) 20,000 18,000 16,500 18,000 16,000 14,300 14,100 16,000 14,000 13,000 14,000 12,600 12,800 14,000 11,700 12,500 12,000 10,500 12,194 12,000 10,100 11,400 9,800 10,000 9,900 11,100 10,900 9,200 10,600 10,000 8,900 10,200 10,000 8,600 8,500 9,800 8,400 8,100 7,900 7,800 8,048 8,000 8,340 8,031

20. Slide 20: Loans outstanding trend

    ( ) ( ) 1,600,000 4,000,000 1,446,117 DC 1,398,806 1,362,440 3,500,000 1,313,956 1,277,879 1,240,604 1,204,214 1,179,287 1,200,000 1,166,252 1,137,099 3,000,000 1,144,130 2,670,606 1,085,700 2,512,946 2,364,664 2,500,000 2,583,054 2,236,674 2,162,517 2,126,348 2,434,952 2,300,425 800,000 2,180,849 2

21. Slide 21: Trend of operating indicators

    ( ) 140,000 70.0% 120,000 60.0% 100,000 50.0% 48.0% 40.2% 38.4% 80,000 38.0% 36.8% 42.5% 35.4% 40.0% 41.3% 38.0% 39.0% 58,288 60,000 32.8% 30.0% 48,386 46,587 48,585 46,525 46,576 42,453 44,041 43,756 40,979 40,898 40,000 20.0% 20,000 10.0% 0 0.0% '07/3 '07/6 '07/9 '07/12 '08/3 '08/6 '08/9 '08/12 '0

22. Slide 22: Loans by interest rate

    % 2009/3 2009/9 2010/3 1,137,099 100.0 1,144,130 100.0 1,085,700 100.0 18.000% 562,043 49.4 484,950 42.4 350,200 32.3 18.000% 575,056 50.6 659,180 57.6 735,500 67.7 15.000% 18.000% 268,823 23.7 320,825 28.0 359,800 33.1 12.000% 15.000% 253,699 22.3 286,716 25.1 324,700 29.9 12.000% 52,533 4.6 51,638

23. Slide 23: Composition of loans

    ( ) ( ) 100% 100% 3.1 3.9 4.1 3.7 1.5 1.6 5.3 5.4 5.1 4.7 14.5 13.3 11.5 9.4 9.9 10.5 10.2 17.4 16.1 9.9 10.9 11.7 11.9 11.9 22.4 12.4 12.5 12.1 11.6 88.2% 12.9 13.3 80% 16.3 80% 14.1 14.3 14.4 14.2 14.3 13.3 19.1 19.9 27.7 28.0 27.9 28.0 68.1% 25.4 26.6 26.9 27.3 28.4 28.0 19.0 19.3 60% 60% 18.2 18

24. Slide 24: Accounts and ratio trend

    ( ) 150,000 - 3,321 (- 2.9%) 12.0% 141,307 138,128 132,080 - 3,817 (- 3.3%) 126,421 124,767 122,824 11.0% 120,000 116,628 115,012 116,132 118,727 112,811 9.89% 9.78% 10.0% 9.58% 9.55% 9.58% 90,000 9.44% 9.54% 9.37% 9.30% 9.44% 9.37% 9.0% 60,000 8.0% 30,000 7.0% 0 6.0% '07/3 '07/6 '07/9 '07/12 '08/3

25. Slide 25: Bad debt trend

    4,500 1,800 1,802 1,726 1,670 3,911 1,559 1,552 4,000 1,525 1,489 1,500 3,767 1,448 1,305 3,500 1,200 3,000 900 2,801 2,774 2,740 2,756 2,956 2,636 600 2,500 300 277 242 2,000 142 141 137 134 118 118 45 0 1,500 '06/3 '06/9 '07/3 '07/9 '08/3 '08/9 '09/3 '09/9 '10/3 25

26. Slide 26: Funding

    ( %) 2009/3 2009/9 2010/3 (%) 680,734 100.0 -93,673 762,463 100.0 47,346 720,600 100.0 5.9 445,734 65.5 -68,673 507,463 66.6 27,346 485,600 67.4 8.9 235,000 34.5 -25,000 255,000 33.4 20,000 235,000 32.6 0.0 235,000 34.5 -25,000 235,000 30.8 0 - - - - - - 20,000 2.6 20,000 - - - 612,400 90.0 -105,472

27. Slide 27: Forecast for fiscal 2010

    2010 3 2.08 2.08 18.16 18.16 18.37 18.37 17,600 17,600 94,400 94,400 31,600 31,600 87,700 87,700 89,000 89,000 170,000 170,000 27

28. Slide 28: IR contact

    IR ir@acom.co.jp http://www.acom.co.jp/ir/ 28

Acom — H1 FY2010 Earnings Presentation on 6ix