Ulvac, Inc. · TSE:6728
Ulvac — H1 FY2020 Earnings Presentation
17 slides from Ulvac's earnings presentation, Feb 15, 2021
Slide 1: Business Results The First Half of FY2020
(Securities code: 6728) Business Results The First Half of FY2020 (July 2020–December 2020) Feb. 15, 2021 ULVAC Inc. ULVAC, Inc. 1 FY201HPSN20210215E © 2021 ULVAC, Inc. | Confidential and Proprietary Information
Slide 2: Disclaimer regarding forward-looking statements
Disclaimer regarding 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 company performance, such as the glob
Slide 3: First Half FY2020 Business Results
First Half FY2020 Business Results 3 FY201HPSN20210215E © 2021 ULVAC, Inc. | Confidential and Proprietary Information
Slide 4: First Half FY2020 Business Results Summary
First Half FY2020 Business Results Summary Both orders and sales are recovering after 1Q. Orders received in the first half exceeded the initial forecast and increased significantly YoY. Net sales and operating profit also exceeded the initial forecast due to the increase of orders. ＜1H Results＞ Ord
Slide 5: Overview of First Half FY2020 Business Results
Overview of First Half FY2020 Business Results • Orders received ： Exceeded the initial forecast and also increased significantly YoY • Net sales ： Exceeded the initial forecast due to contributions from increased orders received • Operating profit ： Exceeded the initial forecast due to sales increa
Slide 6: Overview of First Half FY2020 Business Results (Orders received by segment)
Overview of First Half FY2020 Business Results (Orders received by segment) • Semiconductor and electronic device production equipment: In addition to the recovery in orders that was initially expected, orders for projects scheduled for 3Q were received in 2Q ahead of schedule, resulting in an incre
Slide 7: Overview of First Half FY2020 Business Results (Net sales by segment)
Overview of First Half FY2020 Business Results (Net sales by segment) • Net sales decreased YoY due to decrease in orders received in FY 2019 • (Quarterly sales are on a recovery trend after 1Q). Vs. same period last year Quarterly change (Unit: ¥1 billion) (Unit: ¥1 billion) Others Materials Genera
Slide 8: Overview of First Half FY2020 Business Results (Order received and Net sales by segment)
Overview of First Half FY2020 Business Results (Order received and Net sales by segment) • Orders received are on a recovery trend after the first half of FY 2019 (orders for FPD and semiconductor electronics recovered) • Net sales decreased due to the impact of the decrease in orders received in FY
Slide 9: Overview of First Half FY2020 Business Results (Profit margins)
Overview of First Half FY2020 Business Results (Profit margins) • Decline in operating profit margin due to lower sales. Gross profit margin Operating profit margin (Unit: 1billionYen,%) (Unit: 1billionYen,%) 125.3 124.0 125.3 124.0 119.8 119.8 116.8 116.8 112.0 112.0 102.8 103.9 102.8 103.9 96.7 96
Slide 10: Overview of First Half FY2020 Business Results (consolidated balance sheet)
Overview of First Half FY2020 Business Results (consolidated balance sheet) • Notes and accounts receivable decreased by ¥4.0 billion, while notes and accounts payable decreased by ¥500 million. • Net assets increased by ¥1 billion and the equity ratio was 55.5%. Assets (Unit: ¥1 billion) Liabilitie
Slide 11: Market Outlook and Approaches
Market Outlook and Approaches 11 FY201HPSN20210215E © 2021 ULVAC, Inc. | Confidential and Proprietary Information
Slide 12: Market Outlook and Approaches: Semiconductor
Market Outlook and Approaches ■ Semiconductor Semiconductor CAPEX Forecast （1billion$) 70.0 Memory 60.0 (Logic and others） 50.0 • Expect to increase orders in existing processes due to resumption of investment in 40.0 DRAM and NAND NAND • Joint development in DRAM and other fields will increase due
Slide 13: Market Outlook and Approaches: Electronic device
Market Outlook and Approaches ■ Electronic device • Active investment in Communication devices, Optical devices, Power devices, etc. in Japan and China in 1H • Particularly in China, investment plans are active mainly in Power devices and Optical devices for AR/VR due to the government's policy of d
Slide 14: Market Outlook and Approaches: FPD
Market Outlook and Approaches ■ FPD • In this fiscal year, we plan to receive orders for sputtering and deposition equipment for backplanes of OLEDs for smartphones. ⇒Investment is expected to continue in the next fiscal year and beyond. • In OLED investment, in addition to smartphones, mass product
Slide 15: Market Outlook and Approaches: Components, Materials
Market Outlook and Approaches ■ Components • Despite the impact of stagnant investment in the automotive sector, we expect a gradual recovery as investment in the semiconductor electronics sector is picking up. • For Cryopumps, we plan to focus on developing the semiconductor electronics field in ad
Slide 16: ULVAC vacuum technology contributes to many industries and applications
ULVAC vacuum technology contributes to many industries and applications 16 FY201HPSN20210215E Battery © 2021 ULVAC, Inc. | Confidential and Proprietary Information バッテリー
Slide 17: ULVAC, leading the world in vacuum technology
ULVAC, leading the world in vacuum technology 17 FY201HPSN20210215E © 2021 ULVAC, Inc. | Confidential and Proprietary Information