Infroneer Holdings Inc. · TSE:5076
Infroneer — Q1 FY2022 Earnings Presentation
38 slides from Infroneer's earnings presentation, Aug 10, 2022
Slide 1: FY2022 1st Quarter Financial Presentation
FY2022 1st Quarter Financial Presentation INFRONEER Holdings August 10, 2022
Slide 2: Contents
FY2022 1st Quarter Financial Presentation Contents Appendix 1. Points 1. [Non-Consolidated]Maeda Corporation Results and Full-Year Forecast 2. Overview 2. [Consolidated] Maeda Road Results and Full-Year Forecast 3. [Consolidated] Maeda Seisakusho Results and Full-Year Forecast 3. Segment Net Sales a
Slide 3: Points: Summary of results and segment outlook
１．Points ① Summary of the results of FY21 1Q（P.4, P.7） • Total profit and income increased year-on-year. Although profit of road paving segment decreased due to high crude oil prices and the weaker yen, profit was secured mainly from the sale of the renewable energy business. • Net income for the fu
Slide 4: Points: Machinery, shareholder returns, strategic shareholdings
１．Points Machinery Segment • Although delays in component supply and rising material prices have had an impact, sales of new and used vehicles of construction machinery, and industrial machinery (Crawler crane) are steady growth. As a result, profit and income increased year-on-year. • Despite conce
Slide 5: Overview
２．Overview • Total profit and income increased year-on-year due to the sale of renewable energy business and other factors. • Net income is expected to be the record high (ratio to Maeda Corp. [Consolidated] ) （Billions of yen) Maeda Corp. ［NonーConsolidated］ INFRONEER Holdings INFRONEER Holdings FY2
Slide 6: Segment Net Sales and Gross Profit
３．Segment Net Sales and Gross Profit (Billions of Yen) Maeda Corporation INFRONEER INFRONEER Holdings (Consolidated)※ Holdings Progress FY21 FY22 FY21 1Q Results FY22 1Q Results YoY Forecast Forecast 142.1 Net sales 149.7 20.5% 682.9 730.6 47.7 52.2 Building Construction 39.5 16.6% 216.1 238.3 22.2
Slide 7: Transition of Contract Backlogs (Building Construction and Civil Engineering)
４．Transition of Contract Backlogs (Building Construction and Civil Engineering) (Maeda Corp. Non-Consolidated) • Contract backlogs is record high level at 1Q. • Although the profit margin on orders for Building construction temporarily declined in 1Q due to rising prices, it is expected to recover a
Slide 8: Results and Forecast of Capital Strategies & Return Policies
５．Results and Forecast of Capital Strategies & Return Policies (at FY22 1Q) Shareholder returns • Secondary to reacquiring the treasury stock 20 billion JPY in FY21, we carry out the reacquiring 10 billion JPY in FY22 (today announcement) Strategic shareholdings • Progressing as planned with a targe
Slide 9: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Operations Road Machinery Others Paving 8
Slide 10: Building Construction: Net Sales and Gross Profit
Building Construction １． Net sales and Gross Profit（Maeda Corp. Non-Consolidated） • FY22 1Q Compared with the previous 2 years, Domestic Net sales decreased, but Gross profit exceeded FY21. • FY22 FY By progress of Contract backlogs, total profit and income is expected to increase year-on-year. (Bil
Slide 11: Building Construction: Orders Received and Profit Margin on Orders
Building Construction ２．Orders Received and Profit Margin on Orders （Maeda Corp. Non-Consolidated） • FY22 1Q We expect to receive orders for large projects with a high degree of certainty that we can secure profit margins this year, so our full-year target of 7% profit margin on orders received is e
Slide 12: Building Construction: 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 "Apartment" will go up by accepting plural orders of "Apartment" having high productivity such as redevelopment projects. Order ratio 【 】 indicate Profit margin on
Slide 13: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Operations Road Machinery Others Paving 12
Slide 14: Civil Engineering: Net Sales and Gross Profit
Civil Engineering ４． Net sales and Gross Profit （Maeda Corp. Non-Consolidated） • FY22 FY Profit is expected to increase due to progress in profitable backlogs. ( Excluding special factors overseas ） (Billions of Yen) Domestic※ (Billions of Yen) Overseas※ Net sales Gross profit Gross profit margin_fo
Slide 15: Civil Engineering: Orders Received and Profit Margin on Orders
Civil Engineering ５． Orders Received and Profit Margin on Orders （Maeda Corp. Non-Consolidated） • FY22 FY We expect to achieve the order of full-year plan 160 billion JPY, because new orders center for the second half year. (Billions of Yen) Domestic※ (Billions of Yen) Overseas※ Orders（Private） （Tot
Slide 16: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Operations Road Machinery Others Paving 15
Slide 17: Infrastructure Operations: Contribution to Consolidated Profits
Infrastructure Operations ６．Contribution to Consolidated Profits • In the renewable energy business, we achieved significant year-on-year increase in sales and income because of sale of a windfarm in 1Q. • Our consortium was selected as a Preferential Negotiation Right Holder of Miura City Public Se
Slide 18: Renewable Energy Projects
Infrastructure Operations ７． Renewable Energy Projects (Billions of Yen) FIT Projects Locations AC Total Project Costs Status Price Tsukuba City, 2013/3 Ibaraki Pref. 2 MW 40JPY Approx. 0.6 Completed Ofunato City, 2022/3 Iwate Pref. 18 MW 40JPY Approx. 6.4 Sold 2016/3 Solar Power Plants Kitaibaraki
Slide 19: Miura City Public Sewerage (Eastern Treatment Area) Operation Project
Infrastructure Operations ８．Miura City Public Sewerage (Eastern Treatment Area) 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 common problems in small mu
Slide 20: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Operations Road Machinery Others Paving 19
Slide 21: Road Paving: Construction Business Orders, Net Sales, Gross Profit
Road Paving ９． [Construction Business] Orders Received, Net Sales, and Gross Profit • FY22 1Q Profit decreased due to rising raw material costs in pavement construction. • FY22 FY Profit margin is expected to recover as higher raw material costs are reflected in construction prices from 2Q . (Billio
Slide 22: Road Paving: Manufacturing and Sales Business
Road Paving 10． [Manufacturing and Sales Business] Net Sales and Gross Profit • FY22 1Q Profit decreased year-on year due to inability to absorb higher raw material costs caused by high crude oil prices and the weaker yen. • FY22 FY Due to revisions of operating rules※ by MLIT, the price increase fo
Slide 23: Segment Highlights
Segment Highlights Building Civil Infrastructure Construction Engineering Operations Road Machinery Others Paving 22
Slide 24: Machinery: Net Sales and Gross Profit
Machinery 10．Net Sales and Gross Profit※1 • FY22 1Q Sales of new and used vehicles of construction machinery, and industrial machinery (Crawler crane) are steady growth. • FY22 FY Despite concerns about the impact of delays in component supply, industrial machinery and steel products are steady grow
Slide 25: Appendix
Appendix 24
Slide 26: Maeda Corp. Non-Consolidated Results and Full-Year Forecast
Maeda Corp. １． [Non-Consolidated] Maeda Corp. Results and Full-Year Forecast (Billions of Yen) FY21 1Q Results FY22 1Q Results YoY FY22 Forecast Progress Net sales 75.1 77.6 2.5 402.5 19.3% Total 45.5 39.4 △6.1 238.5 16.5% Building Construction Domestic 45.5 39.4 △6.1 237.5 16.6% Overseas 0.0 0.0 0.
Slide 27: Maeda Road Consolidated Results and Full-Year Forecast
Maeda Road ２． [Consolidated] Maeda Road Results and Full-Year Forecast (Billions of Yen) FY21 FY22 FY22 YoY Progress 1Q Results 1Q Results Forecast Net sales 50.8 51.6 0.8 243.0 21.2％ Construction Business 35.1 35.3 0.2 166.0 21.3％ Production and sales 15.6 16.1 0.5 77.0 20.9％ Other 0.1 0.1 0.0 ー －
Slide 28: Maeda Seisakusho Consolidated Results and Full-Year Forecast
Maeda Seisakusho ３． [Consolidated] Maeda Seisakusho Results and Full-Year Forecast (Billions of Yen) FY21 FY22 FY22 YoY Progress 1Q Results 1Q Results Forecast Net sales 7.8 8.5 0.7 37.2 22.8% Construction Business 4.9 5.3 0.4 21.9 24.4% Production and sales 2.5 2.6 0.1 13.1 20.0% Other 0.5 0.5 0.0
Slide 29: INFRONEER Group's Financial Results and Full-Year Forecast
４． INFRONEER Group’s Financial Results and Full-Year Forecast (Millions of Yen) FBS Fujimi Koken JM Consolidated Subsidiaries FY21 FY22 FY22 FY21 FY22 FY22 FY21 FY22 FY22 1Q Results 1Q Results Forecast 1Q Results 1Q Results Forecast 1Q Results 1Q Results Forecast Net sales 5,302 4,156 21,382 1,658 2
Slide 30: Segments
Re-posting of FY21 material 6．Segments • Segments of INFRONEER Holdings and Maeda Corporation 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 Corporation MK Building Construction Building MK Buildin
Slide 31: Business Model of Infrastructure Operations
Re-posting of FY21 material 7．Business Model of Infrastructure Operations • Infrastructure operations is business that gain profits on every steps from upstream to downstream of infrastructure management. ⑤Sale →Profit from sale (+α) Fund, AM → Dividend, AM Fee Value up!! ④O&M →O&M fee ③EPC →Constru
Slide 32: Establishment of New Business Platform of Infrastructure Operations
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, Global Infrastructure Mana
Slide 33: Investment Case No. 1 of Income Fund (ICF)
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 institutional investors. •
Slide 34: Contributions of infrastructure operation segment to the consolidated profit
Re-posting of FY21 material 8．Contributions of infrastructure operation segment to the consolidated profit ・”Contribution of infrastructure management business to consolidated profits“ = “Profits from construction projects (EPC) generated by the infrastructure operation businesses" and "consolidated
Slide 35: Policy Trends: Act on Promotion of Private Finance Initiative
10．Policy Trends 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 Initiative sets project scale targets, priority areas, an
Slide 36: Topics: Promotion of the Introduction of Low-Carbon Composite
Road 舗装Paving 11. Topics ー Promotion of the Introduction of Low-Carbon Composite Low-carbon composite is a generic term for asphalt mixtures produced with a lower carbon footprint than conventional methods. Reduce manufacturing-related CO2 emissions by up to 50 % ■ LEAB ■ Thermal storage type More C
Slide 37: News
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 38: 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,