Seiko Epson Corp. · TSE:6724
Seiko Epson — FY2013 Earnings Presentation
32 slides from Seiko Epson's earnings presentation, April 2014
Slide 1: Epson 2013 full-year results presentation
/ EPSON i 2013SFEB (20145F3A A) | seamen RBEAAS Wr . x ae 20144F 4308 & C7I-LIVy ARASH
Slide 2: Exceed Your Vision
EXOEED YOUR WHOM BRL Siew“ COFFERS ARARAMILMKMEN TSHRORMILM FT SRMBLIS, QRH TAF MGIB SHR DFMCHY, RENGIAIPFREBRESALLOTT, EDI, RRORBMISSESETBRILLY MMSHI-RMBLEASLRGOBRLEGY BSCLE CRMESHzSL. REO RMIT SESATSERMELTS, ARELUBAORARS. HAM BUSIFIL ORM SR RF—-CAOME- BREEN SILATSEREOOM. GHMPEAT Ht CORE. FI/0F—-OR
Slide 3: FY2013 results and FY2014 forecast
2013F RBUMRA 2014 RRM
Slide 4: FY2013 results summary
RANASTb GEM) [cH YOUR nti 2012 SOE / RR (SFA) Ri % W31FB % pi aa. LR 8512, - 9,900 Rel ie SRA 212 = 2.5% 790 8.0% ps4 rae. we +604 +41 HM A 176 2.1% 740 7.5% siete | seek 434 0.4% 680 6.9% +788 we 4100 -1.2% 520 5.3% +837 wee 456.41 290.68 A A 83.11F 100.00F3 107.147) 134.00F) REFS MEMO F eR USD: 10
Slide 5: FY2013 operating profit change factors
20135 EAP BHT AVE GI EPSON 8,512 212 11,500 FER +1,523 BRA +637 an [arama | LR +81 7,500 BRAK +10 5.500 [meneame | FEL +1505 BRN +697 3,500 — - = tut ERER LR +47 1,500 BRS 5 ZHRA -500 LR -121 BRAS -63
Slide 6: Net sales trend
FEB (A) PRA BRE BRLT AYE [SEED Yous RIO (18 FA) 9,000 7,000 5,000 3,000 1,000 6,858 FY2012 FY2013 | bay xv KPA RA RA 38835 i
Slide 7: Operating profit trend
FEL BUR A) PT NAM BREET AVL fxCEED YOUR veRION (FD) 1,407 Ee 2,000 1,500 1,000 500 eer ee pb ee +a 3% 7% EF AVEARA/ Mh FY2012 FY2013 RH RK
Slide 8: Segment results FY2013
201345 HE ARDIBUMILHOELOD, SE15#&## MPMRSHAT EOTLRBRAD RY MAAKRA BRILKMCLCRN CTE FY2012 FY2013 AYVIVIVEFYVA—BECOMVYMAERR Zh LOS AEF VSIA meMemttmanwi [ReETS7ARE | = ‘\ REE RV ETO — ees RRO NET ER BRS 1 70S WER LBM EER
Slide 9: FY2014 key initiatives
20145 EORYUMA OD XEEED YOUR wt son O RFRA Mati - COPRAET LORI + LY—IU IH AI ABITNPO RYH > BRR A-RBBA7OLLI4—ORY MAY ed © IRF RURO BA ' > GRAVY I—-OMYMH fen (FY13~15) > CUY—ERBBBRCT AVEO RYVMA 8 FOPryYatyILAITESCML RY — ILO Pepi RED UVLAbLBUDARCRKRST SERLES area) © CH SEIT BSS) 7 CROS10%, ROEM BMAIZ1I
Slide 10: FY2014 key initiatives
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Slide 11: FY2014 forecast summary
20145 RMF EB [cake WOUR WON 20135 (Fa) BURR FKL 10,036 ‘eR 849 ERAS 781 Polo 719 BMRA 836 10 6.4% am me | ME +63 +0.6% +200 +2.4% +98 9 +12.6% +120 +16.8% -186 = -22.3% 10
Slide 12: FY2014 forecast operating profit factors
20145 RE SMS BALE) PBRETAVbGA ctkD Yow vSoN (18Fa) mn 10086 a [sun - a eo 11,000 2 a eee 28| 5:00 “ yeaa | 4000 wiMate +28 6,500 3,500 wim -39 5,000 2,500 mimic +135 | 1800 2,000 500 500 4000 Rim AR 500 SME R FY2013 FY2014 FY2014 FY2014 RH FB 1HFB 2HP
Slide 13: Information-related equipment: results and forecast
vV ou BRNRLEP SE PARMBREBRLT AVL EPSON (der) ; (eF) so Po. 208 cco P4500 440 WMA -97 | 4500 SN 1710 ] refi 4000 80 870 7,000 _ AMAL +71 3,500 Rime FYI3 FY14 3.000 PRJ 91% 91% 5,000 tte 9% 9% a609 2,000 3,000 mmt +155 | LMR FY13— FY14 = 1,000 WP 72% 73% 1,000 PP 8% 7% 500 BS 18% 18% sl SCNIh 2% 2% =
Slide 14: Ink-jet printer business
AYIGISEFYVI—BR WV MAD EB (cEkD Youn Eom APLAR FEF ILISUIE KBE ISL IET ORAM GEB | (Be) meet AMMANTET (He) 500 Mm ABE1Y ISLET ER) PII HORERE (EH) - Tiling ene | “LLAE FY2010 FY2011 FY2012 FY2013 FY2014(E) © KABILA IET IERIE B@ APARMAITE MII Ty iB 13
Slide 15: Visual communications
BRANTLSPS PT NSARBREBRLTAY+ EPSON zoo 4° io oe 1,500 750 WME +15 4,000 500 EME FY13 FY14 0 zh = §=663% «61% ° \ FE 37% — 39% | eF Av baase 600 LR as 250 PRATEL FY2013 —- FY2014 Fy2014 0 FY2014 io RH FB 1H#B 2HF 14
Slide 16: Segment forecast FY2014
20145F ERM FS (SRA) PD BECT ABI EPSON (FA) (Fa) 1,400 : 800 m 4,000 600 800 P= WMA +24 | 400 400 200 aie dd waMite 8 cep leet! = L104 GEO) (oR (s00}— [item -20 | (210) “ae a rb ots RH FB bie] 2H Vv Vv Vv
Slide 17: Appendix
20135 B4O+MRA 16
Slide 18: FY2013 results summary (Q4)
RAND (F4D+MRA) 201255 1g ({8F9) 408i % RH imme LB 2271, 4259 +11.4% ‘we 94 4.2% +5 46.2% rT ee 55.24% +6 +11.6% LEE AT 0.3% +52 ‘ 0 3 FH 25 1.1% 329 = 13.0% +304 - 14.10F 184.08F a 92.423 102.78F1 ’Fleurn [par 140.791 BRIS Wee MOF em USD: 100.00F]. EUR 140007) 7
Slide 19: Information-related equipment Q4
PONTE LEB PRET AUER EPSON wer 271 201 4 81 +000 2.2 2,20 2,484 2,818 Eg ORE (=) [Seem 2.500 62 104 1 wicemmtt «6-101 2,000 UY —ERRE WeeMt +25 it (FAM | 4,000 WEMMi 860+24 an (rm | Wise «=6+316 ‘ -500 2012/4Q 2013/10 2013/20 2013/30 2013/4Q
Slide 20: Information-related equipment details
Vv V @ Vv Vv PORT LRR PRB T AVE (C40 Youn om 2 ({8FA) 2,400 2,200 2,000 1,828 2012/4Q 2013/4Q Po, EO tt Wise MARE +42 Evyarn = Wit ML +81 | KLRLE 124Q '13/4Q PRJ 89% 91% ts 11% 9% FLIER 12/4Q '13/4Q WP 70% 70% PP 10% 9% BS 18% 18% SCNih 2% 3% 27 ADEE * PREAMNABE PDISTAT Oss CHAS * PAIL ET LEIA ASPLR
Slide 21: Devices segment Q4
POE MTL RR PT NAR BRERA {CED YOUR veBION cr 500 * OA YF HRMS MRM =«§— +20 300 * KB: ISAT O—SaT ke - HHS t Aes CH st Memmi 19 |) eam oyayopvKU—, FEM IER FSA ANGERS 100 12/4Q 13/4Q ih 65% 62% ated 35% 38% 27 AD ERAB -100 2012/40 2013/4Q
Slide 22: Devices segment details
21 PO+ HARTA RUM SREB EPSON (> ann 535 558 631 ca wo [zou | ELH) memmit +18 600 500 400 mem | +17 * [excan | 200 merem = +15 100 tT 2013/3Q 2013/4Q WE MALE +15 21
Slide 23: Segment results by quarter
OEMS ABER PBT AUbGI EPSON 22 (18) El 80 500 400 300 200 100 260 408 | 100 | 520 mem +100 297 ze/ | taming | memmit -10 ee 158 yd ERS 7 40 37 23 _ memMt — -2 3 -22 21 -27 -27 -25 ALMMITT AHR RR {23} [6] (47) [406) [h09}-—|[Sttem -81 2012/44Q 2013/1Q 2013/2Q 201430 2013/4Q 22
Slide 24: Other segment results
SRARBRAAAM (ctte Youn om (Fa) {its +70 ad po PRR 7 “== “8 | zante: +51 0 2012/4Q | 2013/40 | RAMALT A RUE ET AONB TMS MTOM MIMS MS SROMMOT 23 23
Slide 25: Net sales and operating profit trend
ReHRAERABEB ete Toe RON RE 10,000 der) ° 2010/37 2011/3% 2012/3 2013/3 2014/3% ToT ENR E 2.000 “ EE (8a) 9 2010/3% 2011/3% 2012/3% 2013/3%% 2014/3% 24 24
Slide 26: Cost trends
ReHRAERABEB EPSON AFAR BNFARRAL 34.1% 32.4% 34.9% 4,000 35.8% ° —_o— —e— 2,000 3,116 2.721 2.718 0 2010/3 2011/3 2012/3 2013/3% 2014/35 25.5% BOCRA-BCHALE 4000 32.3% 33.7% 33.3% 33.0% ws oy = ——— 2,000 2.812 2,692 2.464 2.567 (SFI) 9 2010/3 2011/3 2012/3 2013/3% 2014/3 HHT AR: ARREST 25 *SCRA: RAREH
Slide 27: Capex, depreciation and R&D
Be ii A « PLAT EHD BF 78 [SEED POUR weBIOM der ORM OMMAUR sil 41 389 376 8" 393° 378 387 318 0 FY2010 FY2011 FY2012 FY2013 a Raet RERNR RANK AERA 268 256 380 300 Ramee FRIZMERS 80 78 100 80 tv+—- ees 8 7 20 10 tOR-THRA 20 45 50 50 26 FY2014 FB 26
Slide 28: Cash flow
キャッシュフロー ¾ ２０１３年度のフリーキャッシュフローは 前期比 ６８２億円と大幅に増加し、プラスの７１７億円。 ¾ 営業キャッシュフローは、大幅な収益改善により ６８２億円増加の １，１１２億円のプラス。 ¾ 投資キャッシュフローは、前期と同じ水準の３９５億円の支出。 ¾ ２０１４年度の 営業キャッシュフローは １，１２０億円、 投資キャッシュフローは ５７０億円、 フリーキャッシュフローは、５５０億円 を 見込む。 27
Slide 29: ROA, ROS and ROE
EGRET OEB EPSON (%) 30.0 27.6 20.0 10.0 0.0 4 “ROA: HER B/E OPE) —O-ROS: BRAS / LR ~O-ROE:- SMBAS/ ALMA CEH) -10.0 FY2010 FY2011 FY2012 FY2013 FY2014 RR 72 28
Slide 30: FY2014 forecast under IFRS
EMER SHS BE (IFRS) (CK S2014F ERM EB iceke YOUR om © 20144 EA SIFRSA3R @ F1D+MSMDSIFRSILKSR ABT 10,100 BRA st 870 RAR 880 #051 Hi Hi) Zt 840 4 aA et 650 EPS 363.35F1 jaye | USD 100.00 L—F | EUR 135.008 20 jag | USD U—t | EUR ¢ Lj 10,100 1,040 1,030 800 447.207 -100.00F, 135.00, 8.4% 10.3% 10.2% 79%
Slide 31: IFRS transition impact
IFRSM FA CbGIR at RSORTAE (acete Youn mtOm BASRA AEE) IFRS (Sia P MME) mie mies —) R56 Ree RIAN nLeNe —)RERRU-REAR —)RERAU-RERR sane | HRLRSOS REMSLSRRAU-REBREMM —> +tononane —)2OROR ERM feaxe] + manae (enneee ) *2mae == > +) mene tonoRg —) SSR [xuwe | 2hRM ss > -)2eRre FOBORM earns +S TOBORANAE ST)
Slide 32: Epson
EPSON