TDK Corporation · TSE:6762

TDK — Q1 FY March 2020 Earnings Presentation

24 slides from TDK's earnings presentation, Jul 31, 2019

  1. Slide 1: Performance Briefing 1Q of Fiscal Year March 2020

    Performance Briefing 1Q of Fiscal Year March 2020 TDK Corporation Corporate Communications Group July 31, 2019

  2. Slide 2: Consolidated Results for 1Q of FY March 2020

    ●Consolidated Results for 1Q of FY March 2020 Tetsuji Yamanishi, Senior Vice President © TDK Corporation  2019 Performance Briefing 1Q of Fiscal Year March 2020 Corporate Communications Group  July 31, 2019  2

  3. Slide 3: Consolidated Results for 1Q of FY March 2020

    Consolidated Results for 1Q of FY March 2020 Tetsuji Yamanishi Senior Vice President © TDK Corporation  2019 Performance Briefing 1Q of Fiscal Year March 2020 Corporate Communications Group  July 31, 2019  3

  4. Slide 4: Key points concerning earnings for 1Q of FY March 2020

    Key points concerning earnings for 1Q of FY March 2020 ● Delivered mostly the same level of net sales and operating income as in 1Q of FY March 2019, despite the impact of global economic deceleration due to escalation of trade friction between the U.S. and China. ¬ Net sales decreased 1.8% year on

  5. Slide 5: Consolidated results for 1Q of FY March 2020

    Consolidated results for 1Q of FY March 2020 FY March 2019 FY March 2020 Change 1Q results 1Q results (Yen billions) Yen billions % Net sales 343.1 336.8 (6.3) -1.8 Operating income 25.4 25.0 (0.4) -1.6 Operating income margin 7.4% 7.4% +0.0 pt - Income before income taxes 23.7 24.7 1.0 4.2 Net inco

  6. Slide 6: 1Q results - Passive Components segment

    1Q results - Passive Components segment Net sales (Yen billions) 112.7 Net sales 98.3 billion yen (down 12.8% year on year) 98.3 Operating income 10.3 billion yen (down 26.4% year on year) ● Ceramic Capacitors ¬ Sales decreased and operating income increased year on year. ¬ Sales increased to the au

  7. Slide 7: 1Q results - Sensor Application Products segment

    1Q results - Sensor Application Products segment Net sales Net sales 18.1 billion yen (down 4.2% year on year) (Yen billions) 18.9 Operating loss -7.0 billion yen (up ―% year on year) 18.1 ● Sensors ¬ Sales and operating income decreased year on year. ¬ Sales of Magnetic Sensors (Hall Sensors) decre

  8. Slide 8: 1Q results - Magnetic Application Products segment

    1Q results - Magnetic Application Products segment Net sales (Yen billions) Net Sales 55.5 billion yen (down 21.3% year on year) 70.5 Operating income 3.3 billion yen (down 5.7% year on year) 55.5 ● HDD Heads and HDD Suspension Assemblies ¬ Sales and operating income decreased year on year. ● Magnet

  9. Slide 9: 1Q results - Energy Application Products segment

    1Q results - Energy Application Products segment Net sales Net Sales 144.5 billion yen (up 15.0% year on year) (Yen billions) 144.5 Operating income 26.5 billion yen (up 26.2% year on year) 125.6 ● Energy Devices (Rechargeable Batteries) ¬ Sales and operating income increased year on year. ¬ Sales t

  10. Slide 10: Quarterly results by segment

    Quarterly results by segment 1Q of 4Q of 1Q of YoY change QoQ change (C)-(A) (C)-(B) FY March 2019 FY March 2019 FY March 2020 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 44.5 42.3 39.3 (5.2) -11.7 (3.0) -7.1 Inductive Devices 38.9 34.3 34.1 (4.8) -12.3 (0.2) -0.6 Other Passi

  11. Slide 11: Breakdown of operating income changes

    Breakdown of operating income changes 1Q of 1Q of FY March 2019 Operating income -0.4 billion yen FY March 2020 25.4 billion yen 25.0 billion yen (Yen billions) Sales price Changes in sales reduction Rationalization, Benefits from SG&A expenses Exchange +3.1 (5.3) increase One-time cost reduction re

  12. Slide 12: Projections for 2Q of FY March 2020 - Image of changes in sales

    Projections for 2Q of FY March 2020 - Image of changes in sales (Yen billions) 2Q projections Segment 1Q of FY March 2020 (QoQ change) Passive Components 98.3 +8～+11% Sensor Application Products 18.1 +14～+17% Magnetic Application Products 55.5 +2～+5% Energy Application Products 144.5 +12～+15% Other

  13. Slide 13: Full year / dividend projections

    FY March 2020 full year / dividend projections FY March 2020 YoY change FY March 2019 full year projections full year results Yen billions % (announced on Apr. 26, 2019) (Yen billions) Net sales 1,381.8 1,420.0 38.2 2.8 Operating income 107.8 120.0 12.2 11.3 Operating income margin 7.8% 8.5% +0.7 pt

  14. Slide 14: Supplementary Data

    Supplementary Data © TDK Corporation  2019 Performance Briefing 1Q of Fiscal Year March 2020 Corporate Communications Group  July 31, 2019  14

  15. Slide 15: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2019 FY March 2020 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 44.5 43.9 42.7 42.3 173.3 39.3 Inductive Devices 38.9 39.5 37.3 34.3 150.0 34.1 Other Passive Components 29.3 28.7 26.7 25.3 110.1 24.8 112.7 112.1 106.7 101.9 43

  16. Slide 16: FY March 2020 projections and forex sensitivity

    FY March 2020 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 250 200.0 200 178.6 167.6 173.6 160.7 150 130.0 115.2 120.0 106.6 102.6 100 87.5 92.2 84.9 91.3 83.2 50 0 FY16/3 FY17/3 FY18/3 FY19/3 FY20/3 FY16/3 FY17/3 FY18/3 FY19/3 FY20/3 FY16/3 FY17/3 F

  17. Slide 17: Financial position

    Financial position March end, June end, Change (Yen billions) 2019 2019 Total asset 1,992.5 2,017.4 24.9 Total liability 1,108.7 1,165.1 56.4 Stockholders's equity 877.3 846.1 (31.2) (comprehensive income) (124.4) (161.3) (36.9) Stockholders's equity ratio 44.0% 41.9% -2.1pt Cash and cash equivalent

  18. Slide 18: Cash flows

    Cash flows FY March 2019 FY March 2020 YoY results through 1Q results through 1Q change (Yen billions) Operating cash flow (36.3) 7.8 44.1 Investing cash flow (23.5) (45.4) (21.9) Free cash flow (59.8) (37.6) 22.2 Financing cash flow 26.0 22.6 (3.4) Effect of exchange rate changes on cash and cash e

  19. Slide 19: Quarterly sales by applications

    Quarterly sales by applications (1Q of FY March 2019 – 1Q of FY March 2020) © TDK Corporation  2019 Performance Briefing 1Q of Fiscal Year March 2020 Corporate Communications Group  July 31, 2019  19

  20. Slide 20: Passive Components business quarterly sales by applications

    Passive Components business quarterly sales by applications (1Q of FY March 2019 – 1Q of FY March 2020) © TDK Corporation  2019 Performance Briefing 1Q of Fiscal Year March 2020 Corporate Communications Group  July 31, 2019  20

  21. Slide 21: Performance Briefing 1Q of Fiscal Year March 2020

    © TDK Corporation  2019 Performance Briefing 1Q of Fiscal Year March 2020 Corporate Communications Group  July 31, 2019  21

  22. Slide 22: Performance Briefing 1Q of Fiscal Year March 2020

    © TDK Corporation  2019 Performance Briefing 1Q of Fiscal Year March 2020 Corporate Communications Group  July 31, 2019  22

  23. Slide 23: Cautionary statements with respect to forward-looking statements

    Cautionary statements with respect to forward-looking statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking

  24. Slide 24: Text data including Q&A of performance briefing will be uploaded

    Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/corp/en/ir/ir_events/conference/2020/1q_1.htm

TDK — Q1 FY March 2020 Earnings Presentation on 6ix