Tdk Corporation · TSE:6762

Tdk — H1 FY March 2021 Earnings Presentation

27 slides from Tdk's earnings presentation, Oct 30, 2020

  1. Slide 1: Performance Briefing First Half of Fiscal Year March 2021

    Performance Briefing First Half of Fiscal Year March 2021 TDK Corporation Corporate Communications Group October 30, 2020

  2. Slide 2: Agenda: Consolidated Results and Full Year Projections

    ●Consolidated Results for First Half of FY March 2021 Tetsuji Yamanishi, Executive Vice President ●Consolidated Full Year Projections for FY March 2021 Shigenao Ishiguro, President and CEO © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Gro

  3. Slide 3: Consolidated Results for First Half of FY March 2021

    Consolidated Results for First Half of FY March 2021 Tetsuji Yamanishi Executive Vice President © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Group  October 30, 2020  3

  4. Slide 4: Key points concerning earnings for first half

    Key points concerning earnings for first half of FY March 2021 Demand for electronic components started to recover due to the resumption of social and economic activities. Demand related to digital transformation (DX) has also remained robust. Net sales and operating income were stronger than initia

  5. Slide 5: Consolidated results for first half

    Consolidated results for first half of FY March 2021 FY March 2020 FY March 2021 Change Results through 2Q Results through 2Q (Yen billions) (2019.4.1-2019.9.30) (2020.4.1-2020.9.30) Yen billions % Net sales 707.0 691.1 (15.9) -2.2 Operating income 68.8 62.4 (6.4) -9.3 Operating income margin 9.7% 9

  6. Slide 6: First half results - Passive Components segment

    First half results - Passive Components segment Net sales (Yen billions) Net sales 183.8 billion yen (down 8.1% year on year) 200.1 183.8 Operating income 17.4 billion yen (down 20.2% year on year) 1Q 98.3 1Q 84.4 ● Ceramic Capacitors ¬ Sales and profit decreased year on year. ¬ Sales for base stati

  7. Slide 7: First half results - Sensor Application Products segment

    First half results - Sensor Application Products segment Net sales Net sales 34.5 billion yen (down 11.3% year on year) (Yen billions) Operating loss -12.3 billion yen (down ―% year on year) 38.9 34.5 1Q ● Sensors 18.1 1Q ¬ Sales decreased while operating loss decreased slightly year on year. 14.7 ¬

  8. Slide 8: First half results - Magnetic Application Products segment

    First half results - Magnetic Application Products segment Net sales Net Sales 88.7 billion yen (down 19.4% year on year) (Yen billions) 110.0 Operating loss -2.5 billion yen (up ―% year on year) 88.7 ● HDD Heads and HDD Suspension Assemblies 1Q 55.5 1Q ¬ Sales and profits decreased year on year. 38

  9. Slide 9: First half results - Energy Application Products segment

    First half results - Energy Application Products segment Net sales Net Sales 357.5 billion yen (up 12.4% year on year) (Yen billions) 357.5 Operating income 79.6 billion yen (up 15.4% year on year) 318.2 1Q 1Q 156.9 ● Energy Devices (Rechargeable Batteries) 144.5 ¬ Sales and profit increased year on

  10. Slide 10: Breakdown of operating income changes

    Breakdown of operating income changes First half of First half of FY March 2020 Operating income -6.4 billion yen FY March 2021 68.8 billion yen 62.4 billion yen (Yen billions) Rationalization, Benefits from SG&A expenses One-time Exchange Changes in sales Sales price increase fluctuation 68.8 (4.7)

  11. Slide 11: Consolidated results for 2Q

    Consolidated results for 2Q of FY March 2021 FY March 2020 FY March 2021 Change 2Q results 2Q results (Yen billions) Yen billions % Net sales 370.2 381.7 11.5 3.1 Operating income 43.9 44.0 0.1 0.2 Operating income margin 11.9% 11.5% -0.4 pt - Income before income taxes 43.9 42.5 (1.4) -3.2 Net inco

  12. Slide 12: Quarterly results by segment

    Quarterly results by segment 2Q of 1Q of 2Q of YoY change QoQ change (C)-(A) (C)-(B) FY March 2020 FY March 2021 FY March 2021 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 39.6 33.3 38.6 (1.0) -2.5 5.3 15.9 Inductive Devices 35.7 27.4 34.6 (1.1) -3.1 7.2 26.3 Other Passive Com

  13. Slide 13: Consolidated Full Year Projections for FY March 2021

    Consolidated Full Year Projections for FY March 2021 Shigenao Ishiguro President and CEO © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Group  October 30, 2020  13

  14. Slide 14: Key points concerning revisions to full year projections

    Key points concerning revisions to FY March 2021 full year projections ● Market forecast (changes from initial forecasts) ¬ Global economic growth rate fell slightly while indicators for the U.S. and China are improving. ¬ Demand for PCs and tablets for working and studying at home is expected to gr

  15. Slide 15: Projections for 3Q of FY March 2021

    Projections for 3Q of FY March 2021 - Image of changes in sales (Yen billions) 3Q projections Segment 2Q of FY March 2021 (QoQ change) Passive Components 99.4 -1%～-4% Sensor Application Products 19.8 +8%～+11% Magnetic Application Products 50.4 -5%～-8% Energy Application Products 200.7 +0%～+3% Other

  16. Slide 16: Full year / dividend projections

    FY March 2021 full year / dividend projections FY March 2021 FY March 2021 YoY change FY March 2020 full year projections full year projections full year results Yen billions % (announced on Jul. 30, 2020) (announced on Oct. 30, 2020) (Yen billions) Net sales 1,363.0 1,290.0 1,400.0 37.0 2.7 Operati

  17. Slide 17: Supplementary Data

    Supplementary Data © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Group  October 30, 2020  17

  18. Slide 18: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2020 FY March 2021 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 39.3 39.6 37.3 37.7 153.9 33.3 38.6 Inductive Devices 34.1 35.7 34.8 33.0 137.6 27.4 34.6 Other Passive Components 24.8 26.6 26.3 26.3 104.0 23.6 26.2 98.3 101.9

  19. Slide 19: FY March 2021 projections and forex sensitivity

    FY March 2021 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 200.0 200.0 180.0 178.6 173.6 173.4 167.6 150.0 140.0 140.0 125.0 120.0 120.0 115.2 117.5 106.6 102.6 100.0 87.5 92.2 91.3 50.0 0.0 FY17/3 FY18/3 FY19/3 FY20/3 FY21/3 FY21/3 FY17/3 FY18/3 FY1

  20. Slide 20: Financial position

    Financial position March End, June End, September End, Change (Yen billions) 2020 2020 2020 Total asset 1,943.4 1,984.8 2,081.6 96.8 Total liability 1,094.8 1,138.0 1,205.4 67.4 Stockholders's equity 844.0 842.2 872.7 30.5 (comprehensive income) (190.1) (193.6) (187.9) 5.7 Stockholders's equity rati

  21. Slide 21: Cash flows

    Cash flows FY March 2020 FY March 2021 YoY Results through 2Q Results through 2Q change (Yen billions) Operating cash flow 59.9 73.1 13.2 Investing cash flow 64.6 (98.4) (163.0) Free cash flow 124.5 (25.3) (149.8) Financing cash flow (77.0) 35.4 112.4 Effect of exchange rate changes on cash and cash

  22. Slide 22: Quarterly sales by markets

    Quarterly sales by markets (1Q of FY March 2020 – 2Q of FY March 2021) © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Group  October 30, 2020  22

  23. Slide 23: Passive Components business quarterly sales by markets

    Passive Components business quarterly sales by markets (1Q of FY March 2020 – 2Q of FY March 2021) © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Group  October 30, 2020  23

  24. Slide 24: Performance Briefing First Half of Fiscal Year March 2021

    © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Group  October 30, 2020  24

  25. Slide 25: Performance Briefing First Half of Fiscal Year March 2021

    © TDK Corporation  2020 Performance Briefing First Half of Fiscal Year March 2021 Corporate Communications Group  October 30, 2020  25

  26. Slide 26: 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

  27. Slide 27: Text data including Q&A 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/2021/2q_1.htm

TDK — H1 FY March 2021 Earnings Presentation on 6ix