Infroneer Holdings Inc. · TSE:5076
Infroneer — Q2 FY2022 Earnings Presentation
45 slides from Infroneer's earnings presentation, Nov 14, 2022
Slide 1: FY2022 2nd Quarter Financial Presentation
FY2022 2nd Quarter Financial Presentation INFRONEER Holdings November 14, 2022
Slide 2: Contents
FY2022 2nd Quarter Financial Presentation Contents 1. Points Appendix 2. Transition of Results and Forecast 1. [Non-Consolidated] Maeda Corp. Results and Full-Year Forecast 2. [Consolidated] MAEDA ROAD Results and Full-Year Forecast 3. Overview 3. [Consolidated] MAEDA SEISAKUSHO Results and Full-Yea
Slide 3: 1. Points
1. Points ① FY22 2Q Results and FY22 Forecast (P.4, P.7) • In 2Q, sales and profits increased year-on-year. Although profit of Road Civil Engineering segment increased decreased due to high crude oil prices and weaker yen, profits were secured due to increased profits in the infrastructure operation
Slide 4: 1. Points
1. Points Machinery Segment (P.27-29) • In 2Q, sales and profits were at the same level year-on-year. The impact of component supply delays and material price hikes was limited due to strong sales of crawler cranes and our own products are steady strong. • Despite concerns about the impact of delays
Slide 5: Transition of Results and Forecast
２．Transition of Results and Forecast • Net income for the full year is expected to be a record high. (ratio to Maeda Corp.[Consolidated]) • Operating profit and Added value are expected to be at the same level year-on-year. Operating profit Net income (Billions of Yen) Operating profit Operating pro
Slide 6: Overview
３．Overview • In 2Q, sales and profits increased year-on-year due to sale of one wind power generation project. • Although we revised forecast due to delay of progress in backlogs, net income for the full year is expected to be a record high due to selling of cross-shareholdings. (ratio to Maeda Corp
Slide 7: Segment Net Sales and Gross Profit
４．Segment Net Sales and Gross Profit (Billions of Yen) Maeda Corp. INFRONEER INFRONEER (Consolidated ※) FY22 FY21 YoY FY22 Progress FY21 2Q Results Forecast Forecast (Revisied) +/- ①ー③ 2Q Results Results ① ② ③ ②ー③ 308.2 Net sales 313.5 44.5% 682.9 730.6 705.0 △ 25.6 22.1 115.9 Building Construction
Slide 8: Transition of Contract Backlogs (Building Construction and Civil Engineering)
５．Transition of Contract Backlogs (Building Construction and Civil Engineering) • Contract backlogs is record high level at 2Q. • Although the profit margin of orders received for Building construction temporarily had been declined in 1Q due to rising prices, it recovered to 6.0% at 2Q due to fulfil
Slide 9: Results and Forecast of Capital Strategies & Return Policies
６．Results and Forecast of Capital Strategies & Return Policies (at FY22 2Q) Shareholder returns • Following the acquisition of 20 billion yen of treasury stock in FY21, we plan to acquire 10 billion yen of treasury stock will be acquired during FY22 and retire it as soon as possible. (Announced on A
Slide 10: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Management Road Civil Machinery Others Engineering 9
Slide 11: Net sales and Gross Profit (Maeda Corp. Non-Consolidated)
Building Construction １．Net sales and Gross Profit ( Maeda Corp. Non-Consolidated ) ・ FY22 2Q There has been a delay in progress of net sales of complete construction contracts, due to delay of construction starts and revision of construction planning. ・ FY22 FY Net sales and gross profit of complet
Slide 12: Orders Received and Profit Margin of Orders Received
Building Construction ２．Orders Received and Profit Margin of Orders Received ( Maeda Corp. Non-Consolidated ) ･ FY22 2Q profit margin on orders for Building construction temporarily had been declined in 1Q due to rising prices, it recovered to 6.0% at 2Q due to fulfill estimates and order changes as
Slide 13: Types of Orders received
Building Construction ３．Types of Orders received ( Maeda Corp. Non-Consolidated ) • FY22 FY It is expected that the constitution ratio of “Condominium” will go up by accepting plural orders of large redevelopment projects. The ratio of “Factories” and ”Warehouses” will also go up and rank next to “C
Slide 14: Topics: Strengthen the Orders for Large Redevelopment Projects / Green Factory Initiatives
建築 Building Construction 4．<Topics> “Strengthen the Orders for Large Redevelopment Projects / Green Factory Initiatives“ New construction of facility buildings, etc. (Tentative) Yorozu Corporation associated with urban redevelopment project of Construction of the first phase of the new plant at Toka
Slide 15: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Management Road Civil Machinery Others Engineering 14
Slide 16: Net sales and Gross Profit (Civil Engineering)
Civil Engineering 土木 ５．Net sales and Gross Profit ( Maeda Corp. Non-Consolidated ) • FY22 2Q Sales and profits increased due to steady progress in profitable backlogs. • FY22 FY Progress is expected to be made as planned. We attempt to increase sales and profits through obtaining further design chan
Slide 17: Orders Received and Profit Margin of Orders Received
Civil Engineering 土木 ６．Orders Received and Profit Margin of Orders Received ( Maeda Corp. Non-Consolidated ) • FY22 2Q Orders received are progressing as planned and profit margin of orders received also maintains high standards. • FY22 FY We expect to achieve full-year plan by securing orders for l
Slide 18: Topics: Technology to Eliminate Mountain Tunnel Industrial Accidents
Civil Engineering 土木 ７．<Topics> Development of Technology to Eliminate Mountain Tunnel Industrial Accidents 「Fully Automatic Steel Shoring Erection Robot」 「 Automatic Loading System 」 ～One-button operation for steel support erection～ ～Achieving Zero Face Entry Work in Blasting Operations～ Maeda Corp
Slide 19: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Management Road Civil Machinery Others Engineering 18
Slide 20: Contribution to Consolidated profits
Infrastructure Management インフラ運営 ８．Contribution to Consolidated profits • We achieved significant year-on-year increases in sales and profits due to sale of one wind power generation project at 1Q. • Basic agreement of Miura City Public Sewerage Concession was signed, and we are preparing to open fo
Slide 21: Initiatives achievements of PPP due to transition to HD structure
Infrastructure Management 10．Initiatives achievements of PPP due to transition to HD structure • After the incorporation of HD, Maeda Corp., Maeda Road, MAEDA SEISAKUSHO,JM, and FBS have established a system to promote sales in each region in an integrated manner in areas throughout the country Th
Slide 22: Major our infrastructure operations in Japan
Infrastructure Management インフラ運営 12．Major our infrastructure operations in Japan Solid track record in a variety of infrastructure services POINT Through comprehensive private contracting, we attempt to eliminate inefficiencies caused by the stove-piped structure of municipalities and implement
Slide 23: Miura Public Sewerage (Eastern Treatment District) Operation Project
Infrastructure Management Infrastructure Operations 11．Miura Public Sewerage (Eastern Treatment District) Operation Project First sewerage concession in Japan which includes maintenance and renewal of all treatment POINT plants, pumping stations, and pipelines in one treatment district Solving c
Slide 24: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Management Road Civil Machinery Others Engineering 23
Slide 25: Orders Received, Net Sales, and Gross Profit (MAEDA ROAD Construction)
Road Civil Engineering 13．Orders Received, Net Sales, and Gross Profit (MAEDA ROAD Consolidated Construction business) • FY22 2Q Profit decreased due to rising raw material costs in pavement construction. • FY22 FY Performance is expected to improve as rising material costs will be passed on to esti
Slide 26: Net Sales and Gross Profit, Manufacturing and Sales Business
Road Civil Engineering 14. Net Sales and Gross Profit MAEDA ROAD Consolidated Manufacturing and Sales Business • FY22 2Q Profit decrease year-on-year due to inability to absorb higher raw material costs caused by high crude oil prices and weaker than expected yen ,although we have been raising the s
Slide 27: The Impact of Soaring Prices (Road Civil Engineering)
Road Civil Engineering 15．The Impact of Soaring Prices (Road Civil Engineering) • The current price of straight asphalt which is the main material of asphalt mixtures is expected to peak. • The gap between the "increase in manufacturing costs" and "Increase in unit sales price " compared to October
Slide 28: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Management Road Civil Machinery Others Engineering 27
Slide 29: Net Sales and Gross Profit, MAEDA SEISAKUSHO
Machinery 16. Net Sales and Gross Profit※1 MAEDA SEISAKUSHO (Consolidated) • FY22 2Q Sales of crawler cranes and our own products are steady strong. • FY22 FY Despite concerns about the impact of delays in component supplies through the second half, demand remains strong and full-year results are ex
Slide 30: Topics: Bringing carbon neutral products to market
Machinery 16．<Topics> “Bringing carbon neutral products to market” Zero Emissions Ecological, Economical, and Efficient work by High- performance lithium-ion battery ■Expansion carbon neutral product line-up for the European market with advanced environmental regulations In response to the growing d
Slide 31: Appendix
Appendix 30
Slide 32: Maeda Corp. FY22 2Q Results and Full-Year Forecast
Maeda Corp. 1. [Non-Consolidated] Maeda Corp. FY22 2Q Results and Full-Year Forecast (Billions of Yen) FY21 2Q Results FY22 2Q Results YoY FY22 Forecast FY22 Revised Forecast Progress Net Sales 165.3 163.1 △ 2.2 402.5 383.9 42.5% Total 101.3 87.3 △ 14.0 238.5 228.3 38.2% Bulding Domestic 101.3 86.9
Slide 33: MAEDA ROAD FY22 2Q Results and Full-Year Forecast
MAEDA ROAD 2. [Consolidated] MAEDA ROAD FY22 2Q Results and Full-Year Forecast (Billions of Yen) FY21 FY22 FY22 FY22 YoY Progress 2Q Results 2Q Results Forecast Revisied Forecast Net sales 106.4 111.2 4.8 243.0 239.0 45.8% Construction Business 73.5 76.8 3.3 166.0 165.2 46.3% Manufacturing and Sales
Slide 34: MAEDA SEISAKUSHO FY22 2Q Results and Full-Year Forecast
MAEDA SEISAKUSHO 3. [Consolidated] MAEDA SEISAKUSHO FY22 2Q Results and Full-Year Forecast (Billions of Yen) FY21 FY22 FY22 FY22 YoY Progress 2Q Results 2Q Results Forecast Revisied Forecast Net sales 16.8 17.4 0.6 37.2 46.6% Construction Machinery 10.9 10.5 △ 0.4 21.9 48.2% Industrial Machinery and
Slide 35: INFRONEER Group's Financial Results and Full-Year Forecast
4. INFRONEER Group’s Financial Results and Full-Year Forecast (Billions of Yen) FBS Fujimi Koken JM Consolidated FY21 FY22 FY22 FY22 FY21 FY22 FY22 FY22 FY21 FY22 FY22 FY22 subsidiaries Revised Revised Revised 2Q Results 2Q Results Forecast 2Q Results 2Q Results Forecast 2Q Results 2Q Results Foreca
Slide 36: Segments
Re-posting of FY21 material 5．Segments • Segments of INFRONEER Holdings and Maeda Corp. will be changed. • There will be no major changes in results due to the change in segments. NEW Segment of INFRONEER Holdings FORMER Segment of Maeda Corp. MK Building Construction Building MK Building Constructi
Slide 37: Business Model of Infrastructure Operations
Infrastructure Management 6．Business Model of Infrastructure Operations Re-posting of FY21 material • Infrastructure operations is business that gain profits on every steps from upstream to downstream of infrastructure management. ⑤Sale →Profit on sale (+α) Fund, AM → Dividend, AM Fee Value up!! ④O&
Slide 38: Establishment of New Business Platform of Infrastructure Operations
Infrastructure Management Infrastructure Operations ７．Establishment of New Business Platform of Infrastructure Operations • We built a new business platform including two types of infrastructure funds, the Asset Creation Fund Series(“ACF”) and the Income Fund Series (“ICF”) with TOKYU CORPORATION, G
Slide 39: Investment Case No. 1 of Income Fund (ICF)
Infrastructure Management Infrastructure Operations ８． Investment Case No. 1 of Income Fund（ICF） • Global Infrastructure Management and SMFL MIRAI Partners Company, Limited formed Income Fund (ICF), an infrastructure fund that invests in infrastructure projects, etc. in collaboration with domestic i
Slide 40: Policy Trends: Act on Promotion of Private Finance Initiative
Infrastructure Management 9．Policy Trends Re-posting of FY21 material ー Act on Promotion of Private Finance Initiative (Act No.117 of July 30, 1999) published by the Cabinet Office The Kishida Cabinet positions PPP/PFI as the core of a New Form of Capitalism. • Act on Promotion of Private Finance In
Slide 41: Difference between Contribution to profit and Segment profit
Infrastructure Management インフラ運営 10．Difference between with “Contribution to profit” and “Segment profit” • ”Contribution to profit” is the actual contribution for managerial accounting purposes, which is the sum of construction gross profit, other income, and operating income of individual consolid
Slide 42: Promotion of the Introduction of Low-Carbon Composite
Road Civil Engineering 11. <Topics> Promotion of the Introduction of Low-Carbon Composite Low-carbon composite is a generic term for asphalt mixtures produced with a lower carbon than conventional methods. ■ LEAB ■ Thermal storage type MAEDA ROAD’s unique technologies deodorizing furnace and advance
Slide 43: Integrated Report 2022 ~ Safety, Security, and Sustainability ~
12. Topics 「Integrated Report 2022 ~ Safety, Security, and Sustainability ~」 INFRONEER Integrated Report 2022 ~ Safety, Security, and Sustainability ~ Issued (Date of issue: October 3, 2022) All Initiatives Lead to Solving Social Issues and Improving Corporate Value The “INFRONEER2022” configuration
Slide 44: News 1, News 2, News 3
Our company was featured on YouTube channel News１ “Mariko Mabuchi’s stock club”! Ms. Mariko Mabuchi, an economic analyst, and Mr. Kibe, our president, had a dialogue. Ms. Mabuchi's sharp perspective provided an in-depth look at our business model, mid- to long-term business strategy, and our vision.
Slide 45: Disclaimer
【Disclaimer】 • This financial presentation document is made in Japanese and translated in English. Any texts, figures and descriptions etc. in Japanese document is the original and the English document is for reference purposes. If there is any conflict or inconsistency between these two documents,