Azbil Corporation · TSE:6845
Azbil — Q1 FY2019 Earnings Presentation
27 slides from Azbil's earnings presentation, Aug 2, 2019
Slide 1: Presentation Materials for the First Quarter of the Fiscal Year Ending March 31, 2020
Azbil Corporation RIC: 6845.T, Sedol: 6985543 Human-centered automation Presentation Materials For the First Quarter of the Fiscal Year Ending March 31, 2020 (Based on Japanese GAAP) Contents 1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) 2. Financial Plan for FY2019 (E
Slide 2: Notes
Notes: 1. Financial data and financial statements have been prepared based on Japanese GAAP and the amounts have been rounded down. 2. The following are the azbil Group’s segments (each identified by abbreviation) together with the various sub-segments and their principal business focus. B A ： Build
Slide 3: 1. Financial Results for the First Quarter of FY2019
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) 3
Slide 4: Consolidated Financial Results
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Consolidated Financial Results Compared to the same period last year Orders received fell for the AA business but increased overall thanks mainly to the BA business, which achieved growth in orders received, reflecting ro
Slide 5: Segment Information – BA Business
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Segment Information – ■ BA Business Thanks to urban redevelopment plans for the Tokyo metropolitan area, the market environment continued to be robust. As such orders received increased. There was a focus on securing orders
Slide 6: Segment Information – AA Business
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Segment Information – ■ AA Business Focusing on the three AA business sub-segments,* we have implemented measures to achieve business growth and worked to strengthen business profitability through diverse initiatives. Sales
Slide 7: Segment Information – LA Business
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Segment Information – ■ LA Business The Lifeline field (gas/water meters, etc.) is a relatively stable business environment since it is focused on meeting the cyclical meter replacement demand, as required by law. On the ot
Slide 8: Reference: Orders Received by Segment
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Reference: Orders Received by Segment (Billions of yen) Comparison to past results (1Q) Quarterly (3 months) FY2018 FY2019 100.0 100.0 75.0 75.0 50.0 50.0 25.0 25.0 0.0 0.0 FY2016 FY2017 FY2018 FY2019 FY2018 FY2019 1Q 1Q 1Q
Slide 9: Reference: Sales by Segment
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Reference: Sales by Segment (Billions of yen) Comparison to past results (1Q) Quarterly (3 months) FY2018 FY2019 100.0 100.0 75.0 75.0 50.0 50.0 25.0 25.0 0.0 0.0 FY2016 FY2017 FY2018 FY2019 FY2018 FY2019 1Q 1Q 1Q 1Q 1Q 2Q
Slide 10: Reference: Segment Profit (Operating Income)
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Reference: Segment Profit (Operating Income) (Billions of yen) Comparison to past results (1Q) Quarterly (3 months) FY2018 FY2019 12.5 12.5 10.0 10.0 7.5 7.5 5.0 5.0 2.5 2.5 0.0 0.0 (2.5) (2.5) FY2016 FY2017 FY2018 FY2019 F
Slide 11: Overseas Sales by Region
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Overseas Sales by Region (Billions of yen) 12.5 25.0% Compared to the same period last year Overseas sales decreased by 3.1% 10.0 20.0% compared with the same period last year, reflecting lower sales in North America and Eu
Slide 12: Consolidated Financial Position
1. Financial Results for the First Quarter of FY2019 (Ending March 31, 2020) Consolidated Financial Position ■ Assets Total assets decreased by 20.2 billion yen. Seasonal factors typically lead to sales concentrating in the fourth quarter, with a corresponding decline in accounts receivable in the f
Slide 13: 2. Financial Plan for FY2019 (Ending March 31, 2020)
2. Financial Plan for FY2019 (Ending March 31, 2020) →No revision from the most recent announcement 13
Slide 14: Consolidated Financial Plan
2. Financial Plan for FY2019 (Ending March 31, 2020) Consolidated Financial Plan We will continue initiatives to strengthen profitability in each business. While conditions are deteriorating in certain markets, taking advantage of our wide-ranging business portfolio, we will continue to invest in st
Slide 15: Segment Information
2. Financial Plan for FY2019 (Ending March 31, 2020) Segment Information BA We will steadily enhance our approach to the increasing number of projects for which orders are received. The plan will achieve a new record for profits. AA Despite the continuing weakness in the manufacturing equipment mark
Slide 16: Reference: Sales by Segment
2. Financial Plan for FY2019 (Ending March 31, 2020) Reference: Sales by Segment (Billions of yen) 300.0 200.0 100.0 0.0 FY2016 FY2017 FY2018 FY2019 (Plan) * ■ B A 116.4 120.2 119.5 125.0 ■ A A 95.4 97.2 99.3 94.0 ■ L A 44.1 44.2 44.8 45.0 Consolidated 254.8 260.3 262.0 262.0 * In December 2016, the
Slide 17: Reference: Segment Profit (Operating Income)
2. Financial Plan for FY2019 (Ending March 31, 2020) Reference: Segment Profit (Operating Income) (Billions of yen) 30.0 20.0 10.0 0.0 FY2016 FY2017 FY2018 FY2019 (Plan) * ■ B A 11.5 12.5 12.4 13.7 ■ A A 7.2 9.9 12.2 10.6 ■ L A 1.4 1.5 2.0 2.2 Consolidated 20.1 24.0 26.6 26.5 * In December 2016, the
Slide 18: 3. Returning Profits to Shareholders
3. Returning Profits to Shareholders →No revision from the most recent announcement Based on the basic policy, we aim for stable and improved returns to shareholders while making steady progress with investments to drive future growth and thus increase enterprise value. FY2019 Ordinary dividends i
Slide 19: Dividends: Annual Dividends of 50 yen per share
3. Returning Profits to Shareholders Dividends FY2019 Dividends - Ordinary dividend increase of 4 yen - Annual Dividends: 50 yen per share FY2019 dividend plan: increase of 4 yen, making annual dividends of 50 yen Owing to the success of business structure reforms and measures to strengthen the prof
Slide 20: Cancellation of Treasury Shares and Repurchase of Own Shares
3. Returning Profits to Shareholders Cancellation of Treasury Shares and Repurchase of Own Shares Along with cancellation of treasury shares held on March 31, 2019, in order to improve capital efficiency and to further enhance shareholder return: 10 billion yen of the Company’s own shares are being
Slide 21: Reference: Trends of Shareholders' Returns
3. Returning Profits to Shareholders Reference: Trends of Shareholders’ Returns (Yen) (％) Dividends per share (yen) Dividends on equity (DOE, %) 60 5.0 55 4.5 50.0 50 4.0 46.0 45 3.5 41.0 40 38.5 3.0 35 33.5 2.5 31.5 31.5 31.5 30 2.0 25 1.5 20 1.0 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2
Slide 22: Appendix
azbil Appendix 22
Slide 23: Capital Expenditure, Depreciation and R&D Expenses
Appendix Capital Expenditure, Depreciation and R&D Expenses Full-year results/1Q cumulative results for FY2019 Full-year plan for FY2019 ■ Capital Expenditure, Depreciation ■ R&D Expenses, R&D Expenses/Net Sales (Billions of yen) (Billions of yen) (%) 8.0 15.0 6.0% 12.6 7.0 (Plan) 12.5 5.0% 6.0 5.5
Slide 24: Two wheels of management for continuous maximization of enterprise value
Appendix azbil Group CSR-focused management – putting into practice our “human-centered” philosophy Employees Providing opportunities Establishment of internal controls and comprehensive risk management based Enhancing value for for creative activities the customer Partners on a culture of thorough
Slide 25: Sustainable Development Goals and the azbil Group
Appendix Sustainable Development Goals and the azbil Group The founder’s vision formed the basis for the azbil Group’s philosophy of “human-centered automation.” Through management based on this philosophy, we are simultaneously pursuing sustainable development goals. By making continued, steady pro
Slide 26: azbil Group Corporate Governance Reforms
Appendix azbil Group Corporate Governance Reforms We are implementing ongoing initiatives to ensure that the Board of Directors is highly transparent and diverse as well as highly effective in administrative matters. We are also working to enhance our corporate governance system. FY2018 Ms. Waka Fuj
Slide 27: azbil Group Philosophy
azbil Group Philosophy To realize safety, comfort, and fulfillment in people’s lives and contribute to global environmental preservation through “human-centered automation” Investor Relations, Group Management Headquarters Email: azbil-ir@azbil.com URL: https://www.azbil.com/ir/ 27