Mirait One Corporation · TSE:1417
Mirait One — MIRAIT Holdings — FY2020 Earnings Presentation
33 slides from Mirait One's earnings presentation, May 21, 2021
Slide 1: Financial Results Presentation for FYE 3/2021 (Appendix)
Financial Results Presentation for FYE 3/2021 (Appendix) May 21, 2021 MIRAIT Holdings Corporation
Slide 2: Table of Contents
Table of Contents 1. Overview of MIRAIT Holdings ･･･ ２ 2. Historical Performance ･･･ ３― ４ 3. Financial Results ･･･ ５ 4. Orders Received, Net Sales and Construction account carried forward ･･･ ６ 5. NTT Business ･･･ ７― ８ 6. Multi-carrier Business ･･･ ９―１２ 7. Environmental & Social Innovation Business
Slide 3: Overview of MIRAIT Holdings (As of March 31, 2021)
1. Overview of MIRAIT Holdings (As of March 31, 2021) Established October 1, 2010 Location 5-6-36 Toyosu, Koto-ku, Tokyo President (CEO) Toshiki Nakayama Stock listing 1st Section of the Tokyo Stock Exchange (Code: 1417) Telecommunications engineering work, electrical work, civil engineering work Bu
Slide 4: Historical Performance
2. Historical Performance (Unit: bil. yen) (Unit: bil. yen) 500 35.0 Integration of regional 250 telecommunication 17.5 construction companies Profit decline due to unprofitable projects ⇒Tightened criteria for receiving orders ⇒Tightened management of projects 0 2011.3 2012.3 2013.3 2014.3 2015.3 2
Slide 5: Historical Performance
2. Historical Performance ※（ ） indicates results for the MIRAIT Group (Mirait, Mirait Technologies and Lantrovision(S) Ltd.) excluding the impact from the merged companies. FYE March 2022 Unit: bil. yen FYE March 2018 FYE March 2019 FYE March 2020 FYE March 2021 (Forecast) 392.6 446.5 Orders receive
Slide 6: Financial Results
3. Financial Results FYE March 2020 FYE March 2021 FYE March 2022 Units: bil. yen YoY Change YoY Change Full-year Full-year Results Full-year Results Amount % Forecast (a) (b) Amount % (b)－(a) (b)／(a) (c) (c) – (b) (c)／(b) Orders received 446.5 474.9 + 28.4 + 6.4% 480.0 + 5.1 + 1.1% Net sales 441.1
Slide 7: Orders Received, Net Sales and Construction account carried forward
4. Orders Received, Net Sales and Construction account carried forward FYE March 2020 FYE March 2021 FYE March 2022 Orders received YoY Change Full-year YoY Change Full-year Results Full-year Results Amount % Forecast Amount % Units: bil. Yen (a) (b) (b)－(a) (b)／(a) (c) (c) – (b) (c)／(b) NTT Busines
Slide 8: NTT Business
５. NTT Business Construction, maintenance and operation of fixed communication facilities of NTT. Centered on the Greater Tokyo and Kansai regions. （ Net sales ） Capital investments by NTT East and NTT West （Unit: bil. yen） （Unit: bil. yen） 156.3 157.0 161.0 128.3 100.5 549.6 541.0 527.4 522.5 510
Slide 9: Advanced wireless environment business
Advanced wireless environment business Business to support telecommunication carriers to extend optical fiber lines to wireless stations in geographically challenging locations using subsidies, in order to create the advanced wireless environment necessary for 5G, IoT, etc. Transmission route for hi
Slide 10: Multi-carrier Business
６. Multi-carrier Business Nationwide works on construction, maintenance and operation of communications facilities of all mobile carriers. Fixed communication equipment for NCCs, CATV work, global business. （ Net sales ） Capital investments by the three major mobile carriers （Unit: bil. yen） （Un
Slide 11: Mobile market trends
Mobile market trends 150,000 150,000 No of ５G base stations installed 60,00 0 KDDI・SoftBank 50,000 (end FY21) 280,000 docomo (end FY23) 32,000 Regional deployment (end FY22) of ICT infrastructure 40,00 0 Master Plan3.0 docomo MIC docomo KDDI KDDI・SoftBank 20,000 10,000 (end FY20) docomo (end FY21) 6
Slide 12: Local 5G: Solution Co-Creation Lab
Local 5G (1) －Solution Co-Creation Laboー Opened Local 5G Solution Co-Creation Labo with NTT docomo 5G-related tests for partner Creating new solutions Use of advanced Launched of “5G Labo” company products through collaboration technologies (MIRAIT Shin-Kiba Building) 5G Raise awareness of local 5G
Slide 13: Local 5G: 5G Golf
Local 5G (2) : 5G Golf Hosted next-generation 5G golf event 8K 8K broadcasting Landing spot forecasting Viewing of 3D maps using VR 12
Slide 14: Environmental & Social Innovation Business
7. Environmental & Social Innovation Business Offering comprehensive solutions for the construction and maintenance of environmental/ new energy-related facilities, social infrastructure, electrical/ air conditioning facilities, etc. （ Net sales ） （ Breakdown of net sales ） （Unit: bil. yen） （Unit:
Slide 15: EV Charger Installment
EV Charger Installment One of top Japanese companies in terms of track record for EV charger installment work ○EV charger installation in NTT station parking lots NTT Station Repairs, remote monitoring Operation check EVs Utility poles After installation 14
Slide 16: Initiatives for underground power line projects
Initiatives for underground power line projects Adopted various new construction methods for work in narrow roads 【Key features】 ・Use of large construction machinery difficult due to requirement to preserve landscape ・New methods adopted to shorten the construction period. Reducing space undergroud
Slide 17: ICT Solution Business
８. ICT Solution Business Support to create ICT infrastructure such as cloud, office solutions, Wi-Fi and broadcasting networks. （ Net sales ） （ Breakdown of net sales ） （Unit: bil. yen） （Unit: bil. yen） Stock Business Lantrovision LAN・PBX Broadcasting Wi-Fi Software Goods Sales, Other 150.3 144.0 1
Slide 18: DX: Electronic Shelf Tag System
DX ： Electronic Shelf Tag System Electronic shelf tag developed for BicCamera ⇒ expanding business Product can be used to build next-generation displays and as a new communication tool: potential for growth Common platform service Business opportunities ◆Expand customer base through subscription mod
Slide 19: Initiatives in New Domains/Products (Teleworking Solution)
Initiatives in New Domains/ Products (Teleworking Solution) ・Teleworking solutions do not just simply promote “work-life-balance”, but also allow for work to be done remotely in case of contingencies such as disasters. ・The MIRAIT Group will leverage its knowhow to provide the best teleworking solut
Slide 20: Expansion of new businesses (Frontier Domains)
Expansion of new businesses (Frontier Domains) Contribute to a sustainable information society 【Investment MORGENROT Inc. 】 IoT/5G ① Use of high-speed/ low-cost computing power ② Co-development of services using 5G ③ Applications for green energy etc. Energy 【Investment in MMD Inc. 】 Management ① Pr
Slide 21: Initiatives in global businesses
Initiatives in global businesses Group net sales forecast for FYE 3/22: 22.4 bil. yen(+ 2.7 bil. yen yoy) （ICT category（Lantrovision） 18.2 bil. yen, Multi-carrier category (Australia) 4.2 bil. yen） Global Engineering ＜Business strategy for Lantrovision＞ Expand business domains through M&A Generate s
Slide 22: Initiatives in datacenter business
Initiatives in datacenter business Expanding services using know-how accumulated through the operation of own DC Operation of own DC and Rental DC 6/2018: Launched operations at Osaka No 1. Datacenter 5/2019: All floors occupied and running at full capacity Know-how from Own DC 4/2020 Launch of lea
Slide 23: Initiatives in drone business
Initiatives in drone business Providing a breadth of services targeting areas such as facility inspection, measurement, agriculture and disaster recovery, leveraging alliances with other companies ⇒Established “Miratec Drone Corp.” on July 1, 2020 ①Human resources/ locations ・Approx. 600 pilots were
Slide 24: ESG Initiatives: Environment
９. ESG Initiatives E Environment ● ISO14001 certification achieved for environmental management system ●Protection of biodiversity ⇒Contributing to the environment through continued forest preservation activities, etc. ●Climate change initiatives ⇒Work to build renewable energy-related facilities ac
Slide 25: S Society
S Society ● ISO45001 certification achieved for occupational health & safety management ●Well-being and safety ⇒Patrolling for safety ⇒Training to experience danger ⇒Support to manage physical well-being and mental health ●Human rights and community ⇒Building of social infrastructure （telecom/ surve
Slide 26: G Governance
G Governance ●Complied with all 78 items stipulated in the Corporate Governance Code（before amendment, June 2020） ●Corporate governance ⇒Established Nomination and Compensation Committee chaired by outside director (December 2018) ⇒Introduced performance-based stock remuneration system for directors
Slide 27: Supplementary Financial Information: Assets, Liabilities and Net Assets
10. Supplementary Financial Information (1) Assets, Liabilities and Net Assets Balance Sheet as of March 31, 2020 Balance Sheet as of March 31, 2021 (Unit: bil. yen) (Unit: bil. yen) Liabilities Liabilities 127.4 133.4 Accounts payable for construction Accounts payable for construction contracts: an
Slide 28: Changes in Cash Position
(2) Changes in Cash Position Cash Flows Units: bil. yen FYE March 2018 FYE March 2019 FYE March 2020 FYE March 2021 Operating cash flow 12.5 6.4 7.9 41.6 Investment cash flow - 10.0 - 13.5 - 9.1 1.8 Financial cash flow - 3.6 - 1.9 - 2.8 - 32.2 Free cash flow 2.5 - 7.1 - 1.2 43.4 (Note) Free cash flo
Slide 29: Key Performance Indicators
(3) Key Performance Indicators Capital Expenditure / Depreciation and Amortization FYE March 2022 Unit: bil. yen FYE March 2018 FYE March 2019 FYE March 2020 FYE March 2021 (Forecast) Capital expenditure 12.6 19.3 9.1 10.5 9.5 Depreciation and amortization 3.0 4.0 5.8 6.2 6.0 Capital-related Indicat
Slide 30: Shareholder Return and Shares Outstanding
(4) Shareholder Return and Shares Outstanding Shareholder Return Indicators FYE March 2022 FYE March 2018 FYE March 2019 FYE March 2020 FYE March 2021 (Forecast) Dividend payout ratio 24.1% 13.5% 26.7% 19.6% 23.9% （23.6%） Total return ratio 24.1% 13.5% 95.4% 59.0％ ― （23.6%） (Note) FYE 3/2019 figures
Slide 31: Share price trends (March 31, 2016 - March 31, 2021)
11. Share price trends（March 31, 2016 - March 31, 2021） ■Performance of MIRAIT compared to major indices (Closing price) 140% Closing price on TOPIX N225 MIRAIT September.26, 2018 March 31, 2021 1,970 yen (highest) 1,827 yen 60% March 31, 2016 896 yen -20% 2016/3/31 2017/3/31 2018/3/31 2019/3/31 202
Slide 32: Major Shareholders (As of March 31, 2021)
12. Major Shareholders (As of March 31, 2021) Number of Shareholding Shareholder Composition Shareholder Shares Held Ratio （Treasury stock is excluded） (thousands) (%) Custody Bank of Japan, Ltd. (Trust Account) 10,936 10.7 Government / Local public bodies 0.0% The Master Trust Bank of Japan, Ltd(Tr
Slide 33: Precautionary Statement
Precautionary Statement Statements and quotes relevant to the forecasted values in this handout are the future prospects based on the plans and prospects of the Company at this point in time. The actual business results could be significantly different from those stated in this handout due to change