Ushio Inc. · TSE:6925

Ushio — Q2 FY2021 Earnings Presentation

31 slides from Ushio's earnings presentation, Nov 2, 2021

Slide 1: Second Quarter FY2021 Financial Results
Second Quarter FY2021 Financial Results Ushio Inc. November 2, 2021 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual resul
Slide 2: 2Q FY2021 Overview
2Q FY2021 Overview ■ Net Sales and Earnings Increased to YoY for 1H FY2021 (Result) ■ Earnings Increased to YoY for FY2021 (Full-year Forecast) ■ FY2021 Annual Dividend per Share (Plan) : maintain JPY 26 yen Copyright © 2008 Ushio Inc. All rights reserved 2
Slide 4: Highlights of Financial Results for 1H FY2021
Highlights of Financial Results for 1H FY2021 Net Sales : 71.5 billion yen (+19.5 billion yen YoY, +37.6%) - Optical Equipment: Sales increased by demand increase of Large Field Stepper for latest IC package substrates - Light Source Business and Imaging Equipment: Sales increased due to recovery tr
Slide 5: Summary of Financial Results
Summary of Financial Results FY20 FY21 YoY comparison （billion yen) 1H 1H Changes ％ Net Sales 52.0 71.5 ＋19.5 +37.6 Operating Income ▲1.0 6.5 +7.6 － Operating Income (%) ▲2.1 9.2 +11.2P － Ordinary Income 0.4 7.6 +7.2 － Profit Attributable to Owner of Parent ▲1.9 6.5 +8.4 － EPS (yen) ▲16.36 53.96 +7
Slide 6: YoY Variation Analysis of Operating Income
YoY Variation Analysis of Operating Income (billion yen) ＋0.7 ▲0.5 ＋0.4 6.5 ＋2.9 Fixed cost increase Others Imaging Equipment (manpower cost) including SGA (mainly impact of net sales up/down) ＋1.4 Optical Equipment (mainly impact of ＋2.4 net sales up/down) Others, ▲1.0 effect of revenue increase ＋0
Slide 7: Financial Results by Business Segments
Financial Results by Business Segments Net Sales Operating Income YoY comparison YoY comparison 52.0 71.5 +19.5 ▲1.0 6.5 +7.6 billion yen billion yen billion yen billion yen billion yen billion yen 80.0 8.0 Others 7.0 Others 70.0 1.4 +0.2 billion yen +0.0 billion yen 6.0 60.0 17.6 2.4 Imaging 5.0 Im
Slide 8: Business Environment
Business Environment ■Electronics Field With technology evolution, such as, IoT and 5G, new investments and operations remain strong ・ FPD: LCD panel production for mobile devices and monitors remain strong due to stay-at-home demand increase. From 2H, demand will settle down and adjust to supply-de
Slide 9: Light source business
Light source business UV lamp sales comparison to FY2020（YoY） ◇ UV lamp (+1.1 billion yen, +20%) FY20 FY21 YoY comparison ・Sales increased, as LCD panel production for mobile devices and monitors is strong due to stay-at-home demand increase ・Demand stayed steady for semiconductor and PCB markets １H
Slide 10: Equipment business: Optical equipment, Imaging equipment
Equipment business Optical equipment Sales comparison to FY2020 (YoY) FY20 FY21 YoY comparison ◇ UV equipment (+3.0 billion yen, +31%) ・Sales increased of Large field stepper for latest IC package and Direct imaging （billion yen）１H １H Changes ％ equipment for printed circuit boards Net Sales 16.3 24
Slide 12: Summary of Financial Results FY21
Summary of Financial Results FY21 Revised upward at each profit level resulted in improved product mix, cost improvement and expense control in light source business and optical equipment business FY21 Forecast FY21 FY20 Revision on (billion yen) New Revision 2021.6.29 Changes １Ｈ Achievement rate (%
Slide 13: Financial Results by Sub-segment
Financial Results by Sub-segment FY21 (Full-year Forecast) FY21 FY20 Achieve Revision on （billion yen) New Revision 2021.8.3 Changes １Ｈ -ment rate (%) Result Changes Net Sales 58.0 58.0 - 28.0 48.3 45.7 +12.2 Light source Operating Income 8.0 7.0 +1.0 4.5 56.4 3.2 +4.7 Operating Income (%) 13.8％ 12.
Slide 14: Financial Results by Sub-segment / Comment on after 2H
Financial Results by Sub-segment / Comment on after 2H FY21 Comment on after 2H （billion yen) New Revision 1H (ref) 2H ・UV lamps: Stay-at-home demand (LCD panel) settle down and supply adjustment Net Sales 58.0 28.0 29.9 stage. Semiconductor demand is solid Light ・Lamps for cinema: Demand in recover
Slide 15: Update on Latest Business Environment for Imaging-Related Business
Update on Latest Business Environment for Imaging-Related Business （as of November 2 nd, 2021) Cinema-related market: Moves toward steady recovery in Europe, the United States and China, but limited in Asia (excluding China) ・Movie theater operations have resumed mainly in Europe and the United Stat
Slide 16: Latest Status of Promising Products: Optical Equipment
Latest Status of Promising Products: Optical Equipment Product Latest Status and Comment after 2H Sales Forecast • Continuous growth of IC package market. Orders and inquiries No change from 1Q Large Field Stepper are promising for • Increasing production capacity (1.3 times) will be contributing to
Slide 17: Latest Status of Promising Products: Care222
Latest Status of Promising Products: Care222 as disinfection and Virus Inactivation Solution To DO Status Step 0 Step 1 Step 2 Step 3 Base foundation Takeoff to growth Toward growth trajectory Build production system Competed Medical care Space infrastructure market market Challenge to improve furth
Slide 18: Shareholders Return
Shareholders Return Dividend per share FY2021 annual dividend (plan) will be maintained 26 yen per share in a stable and consistent manner Dividend (JPY) 56.3 Payment ratio (%) 47.2 40.1 35.5 33.2 31.6 31.4 30.3 30.2 50 27.8 26 26 24 24 26 26 26 26 22 22 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19
Slide 20: Care222 as Disinfection and Virus Inactivation Solution
Care222 as Disinfection and Virus Inactivation Solution FY2022 Press release on Care222 ■ Acuity Brands Filtered Far-UVC Module ® with Ushio Care222 Technology is the First to be UL Certified Release announced on August 16, 2021 https://www.ushio.com/acuity-brands-filtered-far-uvc-module-with-ushio-
Slide 21: EUV Light Source for Mask Inspection
EUV Light Source for Mask Inspection Mask Inspection equipment EUV light source for next- Sale manufacturer/ Semiconductor device generation semiconductor Maintenance Research & development manufacturers mass-production process institution Development, Production, Sales Increase EUV light source nee
Slide 22: Sales Expansion of Exposure Equipment for Latest IC Package Substrates
Sales Expansion of Exposure Equipment for Latest IC Package Substrates Cutting-edge & Next generation package demand expansion With IoT evolution, demand increased for servers for data centers processing high capacity and high speed data processing Large Field Stepper（UX-5） Equipment Package substra
Slide 23: Direct Imaging (DI) Exposure System
Direct Imaging (DI) Exposure System Print-wired board demand increasing As 5G progressed as application innovation Innovation of each application and demand increasing Data Center Direct Imaging Print-wired board Base Station Board Exposure System Equipment Package substrate Sales Mounting Lower Dem
Slide 24: Reference: Summary of Quarterly Financial Results
Reference: Summary of Quarterly Financial Results FY20 FY21 YoY comparison (billion yen) 1Q 2Q 3Q 4Q 1Q 2Q Changes ％ Net Sales 23.6 28.3 30.4 36.1 34.9 36.6 +8.2 +29.2 Operating Income ▲0.7 ▲0.3 0.6 1.1 2.5 3.9 +4.3 － Operating Income (%) ▲3.1 ▲1.1 2.2 3.2 7.4 10.9 +12.1P － Ordinary Income 0.3 0.0 1
Slide 25: Reference: Quarterly Financial Results by Business Segments
Reference: Summary of Quarterly Financial Results by Business Segments FY20 FY21 YoY comparison (billion yen) 1Q 2Q 3Q 4Q 1Q 2Q Changes ％ Net Sales 10.4 10.5 11.6 13.0 13.6 14.3 +3.7 +35.4 Light Operating Income 0.4 0.1 0.7 1.7 1.9 2.5 +2.3 － source Operating Income (%) 4.6 1.8 6.8 13.5 14.3 17.8 +1
Slide 26: Reference: Sales Ratio by Region
Reference: Sales Ratio by Region Others 0.7% FY20_1H Japan North America Asia Europe Net Sales 52.0 29.2% 17.6% 44.0% 8.5% billion yen FY21_1H Japan North America Asia Europe Net Sales 71.5 29.7% 16.9% 44.8% 7.4% billion yen Others 1.2% Copyright © 2008 Ushio Inc. All rights reserved 26
Slide 27: Reference: R&D Expenses/Capital Expenditures and Depreciation
Reference: R&D Expenses/Capital Expenditures and Depreciation R&D Expenses（billion yen） Capital Expenditures (billion yen) Ratio of R&D Expenses to net sales (%) Depreciation (billion yen) 8.5 7.9 8.2 8.0 8.0 7.3 7.1 6.8 6.9 6.7 6.7 6.2 6.4 6.1 5.0 1H 1H Result Result 10.0 11.0 1H 10.6 10.1 10.1 1H
Slide 28: Reference: Balance Sheet
Reference: Balance Sheet Asset (billion yen) Liabilities/Total Net Equity (billion yen) Changes Changes 290.2 294.8 +4.5 290.2 294.8 +4.5 17.7 +1.3 Notes and AP 16.3 +3.4 Cash and Bank Deposits 27.1 ▲4.4 Other Current Liabilities 73.6 77.0 31.6 30.6 ▲0.4 Long-term Liabilities 31.0 ▲0.7 Marketable Se
Slide 29: Reference: Cash Flow
Reference: Cash Flow (billion yen) +12.9 ▲0.8 ▲10.4 70.4 +0.6 72.6 +7.3 ▲1.6 +5.0 ▲0.8 68.9 Investing 59.0 Activities Financing Effect of Effect of Operating Investing Financing Activities Exchange Operating Exchange Activities Activities Activities rate change Activities rate change Free Cash Flow
Slide 30: Glossary
Glossary AI Artificial Intelligence BGA Ball Grid Array COF Chip on Film CoO Cost of Ownership CPU Central Processing Unite DCP Digital Cinema Projector DI Direct Imaging EUV Extreme Ultraviolet Radiation FPD Flat Panel Display GPU Graphic Processing Unit IoT Internet of Things OA Office Automation

Ushio — Q2 FY2021 Earnings Presentation on 6ix

Ushio — Q2 FY2021 Earnings Presentation

Slide 1: Second Quarter FY2021 Financial Results

Slide 2: 2Q FY2021 Overview

Slide 3: Agenda

Slide 4: Highlights of Financial Results for 1H FY2021

Slide 5: Summary of Financial Results

Slide 6: YoY Variation Analysis of Operating Income

Slide 7: Financial Results by Business Segments

Slide 8: Business Environment

Slide 9: Light source business

Slide 10: Equipment business: Optical equipment, Imaging equipment

Slide 11: Full-year Forecast for FY2021

Slide 12: Summary of Financial Results FY21

Slide 13: Financial Results by Sub-segment

Slide 14: Financial Results by Sub-segment / Comment on after 2H

Slide 15: Update on Latest Business Environment for Imaging-Related Business

Slide 16: Latest Status of Promising Products: Optical Equipment

Slide 17: Latest Status of Promising Products: Care222

Slide 18: Shareholders Return

Slide 19: Supplementary Information

Slide 20: Care222 as Disinfection and Virus Inactivation Solution

Slide 21: EUV Light Source for Mask Inspection

Slide 22: Sales Expansion of Exposure Equipment for Latest IC Package Substrates

Slide 23: Direct Imaging (DI) Exposure System

Slide 24: Reference: Summary of Quarterly Financial Results

Slide 25: Reference: Quarterly Financial Results by Business Segments

Slide 26: Reference: Sales Ratio by Region

Slide 27: Reference: R&D Expenses/Capital Expenditures and Depreciation

Slide 28: Reference: Balance Sheet

Slide 29: Reference: Cash Flow

Slide 30: Glossary

Slide 31: Contact