Tdk Corporation · TSE:6762

Tdk — FY March 2021 Earnings Presentation

29 slides from Tdk's earnings presentation, Apr 28, 2021

  1. Slide 1: Performance Briefing Fiscal Year March 2021

    Performance Briefing Fiscal Year March 2021 TDK Corporation Corporate Communications Group April 28, 2021

  2. Slide 2: Consolidated Results FY March 2021 and Projections FY March 2022

    ●Consolidated Results for FY March 2021 Tetsuji Yamanishi, Executive Vice President ●Consolidated Full Year Projections for FY March 2022 Shigenao Ishiguro, President & CEO © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  2

  3. Slide 3: Consolidated Results for FY March 2021

    Consolidated Results for FY March 2021 Tetsuji Yamanishi Executive Vice President © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  3

  4. Slide 4: Key points concerning earnings for FY March 2021

    Key points concerning earnings for FY March 2021 Demand for electronic components continued to recover due to the resumption of social and economic activities as well as production activities from the second quarter, despite a slowdown in the global economy as a result of the conflict between the U.

  5. Slide 5: Consolidated full year results for FY March 2021

    Consolidated full year results for FY March 2021 FY March 2020 FY March 2021 Change full year results full year results (Yen billions) Yen billions % Net sales 1,363.0 1,479.0 116.0 8.5 Operating income 97.9 111.5 13.6 13.9 Operating income margin 7.2% 7.5% +0.3 pt - Income before income taxes 95.9

  6. Slide 6: FY March 2021 results - Passive Components segment

    FY March 2021 results - Passive Components segment Net sales Net sales 407.1 billion yen (up 2.9% year on year) (Yen billions) 407.1 Operating income 40.2 billion yen (up 2.8% year on year) 395.5 ● Ceramic Capacitors ¬ Sales increased and profit decreased year on year. ¬ Sales increased to the autom

  7. Slide 7: FY March 2021 results - Sensor Application Products segment

    FY March 2021 results - Sensor Application Products segment Net sales Net sales 81.3 billion yen (up 4.4% year on year) (Yen billions) Operating loss -24.9 billion yen (down ―% year on year) 77.9 81.3 ● Sensors ¬ In the first half of the year, sales decreased year on year, reflecting a sharp drop in

  8. Slide 8: FY March 2021 results - Magnetic Application Products segment

    FY March 2021 results - Magnetic Application Products segment Net sales Net Sales 199.3 billion yen (down 9.3% year on year) (Yen billions) Operating loss -2.4 billion yen (up ―% year on year) 219.7 199.3 ● HDD Heads and HDD Suspension Assemblies ¬ Sales and profit of HDD heads decreased significant

  9. Slide 9: FY March 2021 results - Energy Application Products segment

    FY March 2021 results - Energy Application Products segment Net sales Net sales 740.2 billion yen (up 23.8% year on year) (Yen billions) 740.2 Operating income 147.4 billion yen (up 18.8% year on year) 597.7 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. Profit

  10. Slide 10: Breakdown of operating income changes

    Breakdown of operating income changes FY March 2020 Operating income +13.6 billion yen FY March 2021 97.9 billion yen 111.5 billion yen (Yen billions) Sales price Rationalization, Benefits from SG&A expenses Changes in sales reduction increase One-time cost reduction restructuring +49.3 (28.7) +1.9

  11. Slide 11: Quarterly results by segment

    FY March 2021 quarterly results by segment YoY change QoQ change 4Q of 3Q of 4Q of (C)-(A) (C)-(B) FY March 2020 FY March 2021 FY March 2021 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 37.7 41.9 44.3 6.6 17.5 2.4 5.7 Inductive Devices 33.0 39.0 39.0 6.0 18.2 0.0 0.0 Other Pas

  12. Slide 12: Consolidated Full Year Projections for FY March 2022

    Consolidated Full Year Projections for FY March 2022 Shigenao Ishiguro President & CEO © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  12

  13. Slide 13: Key points concerning projections for FY March 2022

    Key points concerning projections for FY March 2022 ● Market forecast ¬ The world economy will shift from negative growth to positive growth (W/W: -3.3%/FY2021 → 6.0%/FY2022). ¬ Although the risk of the conflict between the U.S. and China and the COVID-19 pandemic remains, production activities will

  14. Slide 14: Market forecast of FY March 2022

    Market forecast of FY March 2022 Production Trend (Unit: Mil. unit) FY2021 FY2022(Y o Y) Automobile* 79 83 (+5%) therein xEV 5.7 6.9 (+21%) Smartphone 1,349 1,369 (+1%) therein 5G Smartphone 300 470 (+57%) HDD 250 243 (‐3%) therein Nearline 61 64 (+5%) Notebook PC 214 212 (±0%) Tablet 165 157 (‐5%)

  15. Slide 15: Projections for FY March 2022 - Image of changes in sales

    Projections for FY March 2022 - Image of changes in sales (Yen billions) FY March 2022 FY March 2021 Segment full year projections full year results (YoY change) Passive Components 407.1 +4～+7% Sensor Application Products 81.3 +22～+25% Magnetic Application Products 199.3 +9～+12% Energy Application P

  16. Slide 16: FY March 2022 full year / dividend projections

    FY March 2022 full year / dividend projections FY March 2022 YoY change FY March 2021 full year projections full year results Yen billions % (Yen billions) (announced on April 28, 2021) Net sales 1,479.0 1,600.0 121.0 8.2 Operating income 111.5 150.0 38.5 34.5 Operating income margin 7.5% 9.4% +1.9

  17. Slide 17: Supplementary Data

    Supplementary Data © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  17

  18. Slide 18: Financial position

    Financial position Change March end, 2019 March end, 2020 March end, 2021 (Yen billions) 2020-2021 Total assets 1,992.5 1,943.4 2,401.4 458.0 Total liabilities 1,108.7 1,094.8 1,395.1 300.3 Stockholder’s equity 877.3 844.0 1,003.5 159.5 (comprehensive income) (124.4) (190.1) (82.7) 107.4 Stockholder

  19. Slide 19: Cash flows

    Cash flows (Yen billions) Operating cash flow Investment cash flow Free cash flow 250 222.4 222.8 180.4 200 140.3 150 100 50 0.1 (8.7) 0 March end, 2019 March end, 2020 March end, 2021 (50) (42.0) (100) (150) (140.2) (200) (250) (231.5) Change March end, 2019 March end, 2020 March end, 2021 (Yen bil

  20. Slide 20: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2020 FY March 2021 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 39.3 39.6 37.3 37.7 153.9 33.3 38.6 41.9 44.3 158.2 Inductive Devices 34.1 35.7 34.8 33.0 137.6 27.4 34.6 39.0 39.0 140.0 Other Passive Components 24.8 26.6 26.3

  21. Slide 21: FY March 2022 projections and forex sensitivity

    FY March 2022 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 350.0 300.0 300.0 250.0 212.4 200.0 178.6 173.6 173.4 160.0 150.0 140.3 140.0 125.0 117.5 127.0 106.6 115.2 92.2 102.6 100.0 50.0 0.0 FY18/3 FY19/3 FY20/3 FY21/3 FY22/3 FY18/3 FY19/3 FY20/3 F

  22. Slide 22: Annual sales by markets

    Annual sales by markets (FY March 2020 - FY March 2021) © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  22

  23. Slide 23: Passive Components business annual sales by markets

    Passive Components business annual sales by markets (FY March 2020 - FY March 2021) © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  23

  24. Slide 24: Quarterly sales by markets

    Quarterly sales by markets (FY March 2020 - FY March 2021) (Note) In accordance with the redefinition of markets in 1Q of FY2021, certain products of Others were reclassified into Automotive, ICT, and Industrial Equipment. The prior year’s sales are also reclassified to conform to the new segmentati

  25. Slide 25: Passive Components business quarterly sales by markets

    Passive Components business quarterly sales by markets (FY March 2020 - FY March 2021) (Note) In accordance with the redefinition of markets in 1Q of FY2021, certain products of Others were reclassified into Automotive, ICT, and Industrial Equipment. The prior year’s sales are also reclassified to c

  26. Slide 26: Performance Briefing Fiscal Year March 2021

    © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  26

  27. Slide 27: Performance Briefing Fiscal Year March 2021

    © TDK Corporation  2021 Performance Briefing Fiscal Year March 2021 Corporate Communications Group  April 28, 2021  27

  28. Slide 28: Cautionary statements with respect to forward-looking statements

    Cautionary statements with respect to forward-looking statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking

  29. Slide 29: Text data including Q&A of performance briefing

    Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2021/4q_1.html

TDK — FY March 2021 Earnings Presentation on 6ix