Slide 1: Second Quarter FY2019 Financial Results
Second Quarter FY2019 Financial Results USHIO INC. October 31, 2019 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 FY2019 Overview
2Q FY2019 Overview ■ YoY 1H for FY2019 (Result): Causal Analysis on Net Sales and Earnings are Progressing Comparable to 1H FY2018 ■ YoY for FY2019 (Full-year Forecast)： Reasons on Financial Result Forecast Remained Unchanged © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文
Slide 3: Agenda
Agenda I. Financial Results for 2Q FY2019 II. Forecasts for FY2019 III. Topics IV. Supplementary Information © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 3
Slide 4: Highlights of Financial Results for 2Q FY2019
Highlights of Financial Results for 2Q FY2019 Net Sales：82.0 billion yen (▲0.5 billion yen YoY, ▲0.7%) Achievement Rate to Initial Plan 48.2％ Decline in sales Light Source Business: Slowdown in related markets and decreasing lamp demand due to conversion to solid-state light sources Increase in sale
Slide 5: Summary of Financial Results
Summary of Financial Results YoY FY18 FY19 (billion yen) 1H １H Changes ％ Net Sales 82.6 82.0 ▲0.5 ▲0.7 Operating Income 5.3 4.8 ▲0.4 ▲9.2 Operating Income (%) 6.5 5.9 ▲0.6P － Ordinary Income 7.2 5.8 ▲1.3 ▲18.9 Profit Attributable to Owners of Parent 3.5 3.0 ▲0.4 ▲13.8 EPS (yen) 27.46 24.41 ▲3.1 ▲11.
Slide 6: YoY Variation Analysis of Operating Income
YoY Variation Analysis of Operating Income (billion yen) Imaging Equipment ＋0.6 5.3 ▲0.0 ▲1.9 Optical Equipment ＋0.1 FOREX ＋0.７ 4.8 ＋0.７ SGA reduction and etc. Light Source Equipment Business Business Imaging Equipment SGA reduction and etc. （based on Gross Profit)（based on Gross Profit） ▲0.4 billio
Slide 7: Financial Results by Business Segments
Financial Results by Business Segments FY18 FY19 YoY (billion yen) 1H 1H Changes ％ Net Sales 46.6 49.8 +3.2 +6.9 Equipment Operating Income 0.1 1.0 +0.8 +451.0 Operating Income (%) 0.4 2.1 +1.7P － Net Sales 34.5 30.4 ▲4.0 ▲11.8 Light Sources Operating Income 4.8 3.6 ▲1.2 ▲25.7 Operating Income (%) 1
Slide 8: Business Segment Overview
Business Segment Overview Equipment Business Light Source Business YoY Net Sales（billion yen） Net Sales（billion yen） +3.2 billion YoY 49.8 （+6.9%） 34.5 46.6 1.3 ▲4.0 billion 1.2 ＋0.1 billion （＋11.5%） 30.4 （▲11.8%） Imaging Equipment Discharge ＋2.5 billion 27.9 30.4 （＋9.0%） Lamp 28.7 25.0 ▲3.6 billion
Slide 9: Business Environment and Business Segment Overview
Business Environment and Business Segment Overview Business Equipment Business Light Source Business Field Business Environment (YoY： Optical equipment +3.2％ (YoY： Discharge Lamp ▲12.7％ Imaging equipment +9.0％) Halogen Lamp ▲7.6％) Semiconductors- and Electrical components-related markets UV Equipmen
Slide 10: II. Forecasts for FY2019
I. Financial Results for 2Q FY2019 II. Forecasts for FY2019 III. Topics IV. Supplementary Information © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 10
Slide 11: Full-year Forecasts
Full-year Forecasts Remain unchanged FY19 FY19 Achievement Rate (billion yen) １Ｈ Initial Forecast (%) Net Sales 82.0 170.0 48.2 Operating Income 4.8 10.0 48.6 Operating Income (%) 5.9 5.9 - Ordinary Income 5.8 12.0 48.9 Profit Attributable to Owners of Parent 3.0 11.5 26.3 EPS（yen） 24.41 94.17 25.9
Slide 12: Net Sales by Sub-Segment / 2H Business Environment
Net Sales by Sub-Segment / FY2020 2H Business Environment FY19 FY19 Achievement 2H Business Environment (billion yen) Initial plan １Ｈ Rate (％) (Arrow indicates 2H environment compared to 1H) Cinema: Maintain same sales level as 1H for RGB laser projectors because of Imaging- equipment 59.0 30.4 51.6
Slide 13: III. Topics
Improvement of Profitability on Imaging Equipment 映像装置 Structural Reform Sales Increase by New Product 新製品ＲＧＢレーザープロジェクター販売拡大 FY18 Cinema General Imaging Measurement ・Fixed Cost Reduction by production transfer to China • Improved product • Lineup expansion of ・Divestitures of unprofitable businesses
Slide 14: Improvement of Profitability on Imaging Equipment
Sales Expansion of Exposure Equipment for Latest IC Package Substrates With IoT evolution, demand increased for Cutting-edge & Next generation servers for data centers processing high package demand expansion capacity and high speed data processing Data center market Large Field Stepper（UX-5）Equipme
Slide 15: Sales Expansion of Exposure Equipment for Latest IC Package Substrates
I. Financial Results for 2Q FY2019 II. Forecasts for FY2019 III. Topics IV. Supplementary Information © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 15
Slide 16: Shareholders Return
Shareholders Return Dividend per share and Share Buyback payout ratio As per notice concerning status of purchase of treasury shares in FY2018 (Result) : 50 yen（56.3％） December 2018 FY2019 (Plan) : 50 yen（53.1％） 56.3 53.1 Dividend 47.2 Max 10 billion yen Payout ratio (Max 8 million shares) 40.1 50 5
Slide 17: EUV Light Source for Mask Inspection
EUV Light Source for Mask Inspection Mask Inspection equipment Semiconductor device EUV light source for next- Sale manufacturer/ generation semiconductor Maintenance manufacturers Research & development mass-production process institution Next-generation semiconductor Development, Production, Sales
Slide 18: Press Release: Ushio Report 2019 Publication Announcement
Press Release:「Ushio Report 2019」Publication Announcement Ushio Report 2019（Integrated Report）Publication Ushio Report has been produced with an emphasis on what Ushio considers to be “importance,” ”conciseness” and “sustainability” to enable it to become a new communication tool for the wide of sta
Slide 19: IV. Supplementary Information
I. Financial Results for 2Q FY2019 II. Forecasts for FY2019 III. Topics IV. Supplementary Information © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 19
Slide 20: Projector Comparison
Projector Comparison Laser Lamp Light Source Super High- RGB Laser LaPH Xenon Lamp Pressure UV Lamp CP4330-RGB CP2308 CP2320-RGB CP2309-RGB Cinema No Lineup No lineup Lumen (lm) Lumen (lm) <40,000 <45,000 D4K40-RGB Crimson Roadie Boxer GS series General Imaging Lumen (lm) Lumen (lm) Lumen (lm) Lumen
Slide 21: Reference: Summary of Quarterly Financial Results
Reference: Summary of Quarterly Financial Results FY19 FY18 FY19 FY19 (billion yen) FY18 FY19 2Q - 2Q 2Q - 1Q 1Q 2Q 3Q 4Q 1Q 2Q 増減 ％ 増減 ％ Net Sales 39.9 42.6 39.7 42.7 38.9 43.0 ＋0.4 ＋1.0 ＋4.1 ＋10.8 Operating Income 2.5 2.8 1.5 1.6 2.1 2.7 ▲0.1 ▲3.7 +0.5 +26.0 Operating Income 6.4 6.6 3.9 3.8 5.5 6.
Slide 22: Reference: Quarterly Financial Results by Business Segments
Reference: Summary of Quarterly Financial Results by Business Segments FY19 FY18 FY19 FY19 (billion yen) FY18 FY19 2Q - 2Q 2Q - 1Q 1Q 2Q 3Q 4Q 1Q 2Q 増減 ％ 増減 ％ Equipment Business Net Sales 218 248 219 260 227 271 ＋23 ＋9.4 ＋44 ＋19.6 Operating Income 0 1 ▲4 ▲0 0 9 ＋7 +426.3 ＋8 ＋930.9 Operating Income R
Slide 23: Reference: Sales Ratio by Region
Reference: Sales Ratio by Region Others 1.2% FY18_1H Net Sales Japan North America Asia Europe 82.6 22.2% 25.6% 41.5% 9.5% Billion yen FY19_1H Net Sales Japan North America Asia Europe 82.0 21.5% 20.5% 46.0% 9.2% Billion yen Others 2.8% © Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本
Slide 24: 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) 10.6 6.8 10.2 6.3 6.1 6.2 8.5 5.7 7.9 6.4 6.5 6.7 6.7 6.7 5.0 11.5 11.2 10.1 9.8 10.6 1H 1H 1H 1H Result Resu
Slide 25: Reference: Balance Sheet
Reference: Balance Sheet ◆Assets (billion yen) ◆Liabilities/Total Net Equity (billion yen) Changes Changes 306.6 306.6 285.5 ▲21.0 285.5 ▲21.0 21.6 ▲2.2 Notes and AP 85.6 ▲22.0 Cash and Bank Deposits 19.3 63.5 47.9 ▲8.7 Other Current Liabilities 39.1 ▲0.7 Marketable Securities 23.8 +0.1 Long-term Li
Slide 26: Reference: Cash Flow
Reference: Cash Flow (billion yen) Operating CF + Investing CF Operating CF + Investing CF ▲0.4 ▲2.2 +5.0 ▲5.4 66.0 74.6 ▲2.1 ▲3.3 ▲0.1 ▲12.1 +1.6 63.8 Operating Investing Operating Investing Activities Activities Activities Activities Financing Effect of ▲1.2 59.0 Activities exchange Financing rate
Slide 27: Glossary
Glossary AI Artificial Intelligence BGA Ball Grid Array COF Chip on Film CoO Cost of Ownership CPU Central Processing Unite DI Direct Imaging EUV Extreme Ultraviolet Radiation FPD Flat Panel Display GPU Graphic Processing Unit IoT Internet of Things LaPH Laser Phosphor OA Office Automation OLED Orga
Slide 28: © Copyright 2018 Ushio Group. All Rights Reserved.
© Copyright 2018 Ushio Group. All Rights Reserved. 当社の事前承諾なく、 本資料に掲載されている文書や画像等を複製・転載等することを禁じます。 28