Abalance Corp · TSE:3856
Abalance — 3Q FY06/23 Earnings Presentation
16 slides from Abalance's earnings presentation, May 2023
Slide 1: Financial Results Presentation for 3Q FY06/23
Financial Results Presentation for 3Q FY06/23 Abalance Corporation TSE Standard: 3856 / May 2023 Copyright © 2023 Abalance Corporation
Slide 2: Corporate Profile
Corporate Profile ■ Company name Abalance Corporation (Group Holding Company) ■ Establishment April 17, 2000 ■ Businesses Green energy, construction machinery, IT, healthcare (photocatalyst) ■ Major subsidiaries WWB, VALORS, VSUN, Japan Photocatalyst Center ■ Overseas subsidiaries Consolidation of V
Slide 3: Our Solar Panel Business: Strengths
Our Solar Panel Business: Strengths (1) One-stop solution ーWe offer an end-to-end solution to customers with our own panel manufacturing facility in Vietnam. ーUnlike most solar panel distributors, we control the entire supply chain from production to installation. ✔In-house plant: Largest production
Slide 4: High-quality modules from VSUN; decarbonized energy structure; MAXAR products
(3) High-quality modules from VSUN ─ We were awarded the Bronze Medal from EcoVadis (headquartered in France)* in 2022. *We ranked #64 out of more than 75,000 participating companies worldwide. *EcoVadis is a leading provider of ESG ratings for global supply chains. ─ We were included in Bloomberg’s
Slide 5: Performance Highlights [Consolidated; 3Q FY06/23]
Performance Highlights [Consolidated; 3Q FY06/23] ◼ Net Sales: 196% increase YoY; Ordinary Profit: 2,191% increase YoY ➢ Revenue drivers: Global demand for renewable energy, reduced congestion in regional ports and harbors ➢ Profit drivers: Price increase to customers, declining transportation fares
Slide 6: Upward Revision to Full-Year Consolidated Forecast
Upward Revision to Full-Year Consolidated Forecast Full-year consolidated forecast revised upward based on business progress. (Third Upward Revision for the Current Fiscal year) ⚫ VSUN’s panel sales to Europe and US exceeded our expectations. ⚫ Profits have improved significantly mainly due to price
Slide 7: Equity Ratio, and Shareholder Return Policy
Equity Ratio, and Shareholder Return Policy ▼Our equity ratio improved significantly to 9.0% ▼ Revised to future target value：10%⇒ 15% or more ➢ The target was revised from the previous 10% to 15%, as the equity ratio improved from 7.0% at the end of the fiscal year ended June 2022 to 9.0% in the fi
Slide 8: Key Segments Results
Key Segments Results FY06/22(3Q) Solar Panel Manufacturing Business (VSUN) ⚫ Increased net sales and segment profit significantly ⚫ Exceeded solar panel sales expectations in Europe and US ⚫ Raised prices and container shipping rates declined⇒ Improve profit margin ⚫ Started operation of Plant No.4(
Slide 9: [Reference] Share Price Chart (Securities Code: 3856)
[Reference] Share Price Chart (Securities Code: 3856) ◆ We recognize that we have entered a phase of valuation expansion, reflecting investor expectations for the growth potential of our Group businesses. ⇒ We have newly hired an expert in investor relations: Nobuyuki Horiuchi, Executive Officer and
Slide 10: [Topics 1] Started operation of Plant No. 4 (VSUN)
[Topics 1] Started operation of Plant No. 4 (VSUN) ➢ Aiming to expand production capacity in order to increase orders for VSUN. ➢ The annual production capacity is expected to rise from 2.6GW to 5.0GW. Capital For reference, 1GW of plant capacity is roughly equal to the capacity of investment one nu
Slide 11: [Topics 2] Construction of Solar Cell Plant (VSUN)
[Topics 2] Construction of Solar Cell Plant (VSUN) • We are building our own solar cell plant to produce solar cells, a key component of solar panels. ➢ Project details: Annual capacity of 6GW ➢ Total investment (planned): Approx. 300 million US dollars (39.45 billion yen*) ➢ Benefits of in-house pr
Slide 12: Cell factory construction (Phase 1)
Cell factory We are on track to complete Phase 1 (3GW) of the 6GW construction solar cell plant construction project by October 2023. (Phase 1) Phase 1 construction work is well underway 👉【Video release】 https://youtu.be/33Xjjqky9l0 Second phase progress 👉Scheduled to be disclosed as soon as the…
Slide 13: About funding (VSUN)
【About funding (VSUN) 】 ⚫ VSUN signed a long-term partnership cooperation agreement with Vietnam Investment and Development Bank (BIDV), Vietnam's largest state-owned bank (May 2023). ➢ Full financial support will be a major driving force for accelerating all business activities, including future fa
Slide 14: [Topics 3] Storage battery business (Green energy business)
[Topics 3] Storage battery business(Green energy business) ➢ Group company WWB Co., Ltd. collaborated with leading domestic power producers, construction companies, and heavy electric system manufacturers in the installation and operation of grid storage batteries. ➢ WWB will design, procure, constr
Slide 15: Further Upward Revision of the Medium-Term Management Plan
Further Upward Revision of the Medium- Term Management Plan (2nd Upward Revision) Full-year FY06/24 medium-term targets re-revised upward (on Feb. 24, 2023) 👉 Our targets will be reviewed again once a practical forecast on the impact of the solar cell plant operation is possible. The plant is…
Slide 16: Key Initiatives to Enhance Corporate Value
Key Initiatives to Enhance Corporate Value ⚫ Achieve full-scale operation of Plant No. 4 (raise annual production capacity Promotion of main Solar Panel from 2.6GW to 5GW). Manufacturing ⚫ Complete cell plant construction (Phase 1) and proceed to Phase 2. businesses Business ⚫ Improve and enhance pr