Unipres Corporation · TSE:5949

Unipres — Q2 FY2021 Earnings Presentation

29 slides from Unipres's earnings presentation, 2021

  1. Slide 1: FY2021 2nd Quarter Financial Results

    FY2021 2nd Quarter Financial Results

  2. Slide 2: FY2021 2Q Financial Results / Forecast of FY2021

    FY2021 2Q Financial Results Forecast of FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2

  3. Slide 3: FY2021 2Q Financial Results

    FY2021 2Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3

  4. Slide 4: Key Highlights for Q2, FY2021 (consolidated-basis)

    Key Highlights for Q2, FY2021 (consolidated-basis) Although an improvement in both net sales and operating profit compared with the same period last year due to coming out of COVID-19 pandemic and Forex impact, net sales remained 119.3 billion yen and operating loss was 7.9 billion yen impacted by c

  5. Slide 5: Summary of Q2, FY2021

    Summary of Q2, FY2021  Net sales increased by 31.3 billion yen (+35.6%) compared with the same period of the previous year.  Operating profit improved by 7.3 billion yen compared with the same period of the previous year. Financial in business results Net Sales (billion yen 20 200 Operating profit

  6. Slide 6: Consolidated Sales by Product Group

    Consolidated Sales by Product Group (billion yen) 2Q, FY2020 2Q, FY2021 Variance Variance % % % Sales Sales Car body press products 73.4 83.4% 100.6 84.3% +27.2 +0.9% Transmission products 12.0 13.6% 16.3 13.7% +4.3 +0.1% Plastic 1.1 1.3% 1.4 1.2% +0.3 -0.1% products Other 1.5 1.7% 1.0 0.8% -0.5 -0.

  7. Slide 7: Consolidated Sales by Customer (Nissan Motor-related products)

    Consolidated Sales by Customer（Nissan Motor-related products）  The composition ratio increased by 0.4% mainly due to increasing sales of Nissan North America and Nissan Europe. 2Q, FY2020 2Q, FY2021 (billion yen) Variance Sales % Sales % Nissan Motor-related products 70.2 79.8% 95.7 80.2% +0.4% Sub

  8. Slide 8: Consolidated Sales by Customer (Other Customers)

    Consolidated Sales by Customer ( Other Customers)  The composition ratio decreased by 0.4% due to decreasing sales of Renault S.A.S.. 2Q, FY2020 2Q, FY2021 (billion yen) Variance Sales % Sales % Other Customers Sub-total 17.8 20.2% 23.6 19.8% -0.4% Incl.) Honda of America Mfg., Inc. 2.2 2.5% 2.3 1.

  9. Slide 9: Operating Profit Variance Analysis

    Operating Profit Variance Analysis (billion yen) 5 ※ Depreciation/amortization:0 0 -7.9 -5 0.5 0.6 -15.2 2.3 -0.2 -10 -1.1 -0.6 -0.7 -6.5 -15 -20 Cost saving Others adjustment Consolidation parts new car model Initial cost for Forex reinforcement Production SG&A & model mix etc. Volume fluctuation F

  10. Slide 10: Net Sales/Operating Profit by Region (Japan)

    Net Sales/Operating Profit by Region (Japan)  Although an improvement in the sales compared with the year-earlier period when infections were rapidly spreading, net sales only increased by 5.7% impacted by customers’ production cutbacks caused by the shortage of semiconductor supplies and decreasin

  11. Slide 11: Net Sales/Operating Profit by Region (The Americas)

    Net Sales/Operating Profit by Region (The Americas)  Although an improvement in the sales compared with the year-earlier period when infections were rapidly spreading and the impact of weaker yen exchange rates, net sales only increased by 11 billion yen impacted by customers’ production cutbacks c

  12. Slide 12: Net Sales/Operating Profit by Region (Europe)

    Net Sales/Operating Profit by Region (Europe)  Although European economies fell into recession and auto sales struggled to recover, net sales increased by 10 billion yen due to increasing of dies and equipment for pressing and the impact of weaker yen exchange rates.  Operating loss was 2.7 billio

  13. Slide 13: Net Sales/Operating Profit by Region (Asia)

    Net Sales/Operating Profit by Region (Asia)  Net sales increased by 32.5% due to the impact of weaker yen exchange rates mainly in China.  Operating profit only increased by 1 billion yen due to the cost of new base in China. (billion yen) Net sales (billion yen) Operating profit 100 10 first half

  14. Slide 14: Capital Investment

    Capital Investment (billion yen) 40 37.9 Domestic Overseas 30.7 30 14.2 9.8 19.3 18.6 20 16.7 4.8 14.0 9.4 6.2 3.6 10.8 23.7 10 20.9 3.4 13.8 9.9 10.5 10.4 7.4 0 FY2019 FY2019 FY2019 FY2020 FY2020 FY2020 FY2021 1st half 2nd half 1st half 2nd half 1st half Copyright© UNIPRES CORPORATION, All Rights R

  15. Slide 15: Capital Investment & Depreciation / Amortization

    Capital Investment & Depreciation / Amortization (billion yen) 50 Capital investment Depreciation/amortization 40 30 Annual plan (23.0) Annual plan （20.7） 20 37.9 30.7 10 19.5 21.2 10.8 9.9 0 FY2021 FY2019 FY2020 FY2021 1st half Copyright© UNIPRES CORPORATION, All Rights Reserved. 15

  16. Slide 16: Cash Flows

    Cash Flows (billion yen) 40 Cash flow from operating activities Cash flow from investing activities Free cash flow 30 20 37.9 1.2 28.2 10 19.2 18.7 14.6 14.813.6 11.6 10.5 10.6 5.7 4.3 0 --1.1 -7.1 -9.1 -6.3 -10 -20.3 -22.5 -23.7 -27.4 -20 -30 FY2019 FY2019 FY2019 FY2020 FY2020 FY2020 FY2021 1st hal

  17. Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance

    Interest-bearing Debt & Net Interest-bearing Debt Balance  Interest-bearing debts increased by 9.3 billion yen compared with the end-March, 2021.  Net interest-bearing debts including cash and deposits was 57.9 billion yen. (billion yen) 90 Long-term loans payable 83.0 Interest-bearing debt balanc

  18. Slide 18: Changes in Equity-to-total Assets

    Changes in Equity-to-total Assets  The ratio decreased by 0.1% to 40.8% compared to the end of March 2021. （%） 70 60 53.5 48.7 50 41.5 40.9 40.8 40 30 End-September, End-March, End-September, End-March, End-September, 2019 2020 2020 2021 2021 18 Copyright© UNIPRES CORPORATION, All Rights Reserved.

  19. Slide 19: Forecast of FY2021

    Forecast of FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 19

  20. Slide 20: Forecast of Fiscal Year 2021

    Forecast of Fiscal Year 2021 １. Net sales forecasts to increase due to the recovery of customers’ production and sales, in spite of the production cutbacks impacted by the global spread of corona virus (COVID-19) infection and chip shortage. ２. Operating profit forecasts to improve due to sales incr

  21. Slide 21: Consolidated Business Forecast for FY2021

    Consolidated Business Forecast for FY2021 Transition in business results 40 400 Net sales (billion yen) 295.6 Net sales 287.0 Operating profit (billion yen) 30 268.0 300 234.5 20 200 営 業 10 Operating profit 100 利 益 0 3.3 5.4 0 （ -3.7 億 -11.3 円 -10 -100 ） -20 -200 FY2021 FY2021 FY2019 FY2020（A） （B）-（

  22. Slide 22: Forecast of Operating Profit Variance Analysis

    Forecast of Operating Profit Variance Analysis (billion yen) 5 ※ Others:0 0 -3.7 -5 0.9 0.4 -11.3 -1.8 3.5 -1.3 2.2 4.8 -10 -1.1 -15 -20 Cost saving adjustment Consolidation reinforcement Production parts new car model Initial cost for amortization Depreciation/ SG&A & model mix etc. Volume fluctuat

  23. Slide 23: Net Sales/Operating Profit by Region (Japan)

    Net Sales/Operating Profit by Region (Japan)  Net sales growth is projected based on the impact of customers’ production increase.  Despite higher customers’ production volume and lower new model parts launch cost, operating profit is projected to decrease due to transfer pricing taxation adjustme

  24. Slide 24: Net Sales/Operating Profit by Region (the Americas)

    Net Sales/Operating Profit by Region (the Americas)  Net sales growth is projected based on customers’ production increase and Forex impact.  Operating profit projected to grow due to increasing sales and price adjustment for transfer pricing taxation. (billion yen) Net sales (billion yen) Operati

  25. Slide 25: Net Sales/Operating Profit by Region (Europe)

    Net Sales/Operating Profit by Region (Europe)  Net sales projected to increase mainly due to sales of dies and equipment for pressing.  Operating profit projected to decrease due to customers’ production decrease. (billion yen) Net sales (billion yen) Operating profit 50 2 40 0 30 -0.9 20 35.2 -3.

  26. Slide 26: Net Sales/Operating Profit by Region (Asia)

    Net Sales/Operating Profit by Region (Asia)  Net sales growth is projected based on the impact of weaker yen exchange rates mainly in China.  Operating profit projected to be lower due to customers’ production decrease and the cost of new base in China. (billion yen) Net sales (billion yen) Operat

  27. Slide 27: UNIPRES

    <4 D> UNIPRES

  28. Slide 28: Reference: Exchange rate

    Exchange rate Reference (yen) Preconditions of 2Q, FY2020 2Q, FY2021 FY2021 forecast Average for Average for At first Full year the period term end the period term end US $ 106.33 105.81 110.13 111.95 108.00 110.01 STG ￡ 135.92 132.48 150.79 153.22 150.00 151.09 EURO 119.40 121.05 130.47 131.63 130.

  29. Slide 29: Precautions for treatment of material

    Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain

Unipres — Q2 FY2021 Earnings Presentation on 6ix