Nikon Corp. · TSE:7731
Nikon — H1 FY2007 Earnings Presentation
27 slides from Nikon's earnings presentation, Nov 9, 2006
Slide 1: Agenda
2006 11 9 Agenda 2007 3 2007 3 2008 3 3
Slide 2: Consolidated results and forecast
2007 3 06 3 07 3 5/15 3,429 3,600 3,773 +344 +173 +10.0% +4.8% 284 300 440 +156 +140 8.3% 8.3% 11.7% +54.9% +46.7% 201 250 371 +170 +121 5.9% 6.9% 9.8% +84.6% +48.4% 94 150 232 +138 +82 2.7% 4.2% 6.1% +147% +54.7% 4.0 5.0 6.5 +2.5 +1.5 6.5 2006 5 15 4
Slide 3: Segment results
2007 3 06 3 07 3 (5/15) 1,162 1,350 1,359 +197 +9 +17.0% +0.7% 124 140 233 +109 +93 10.7% 10.4% 17.1% +87.9% +66.4% 79 12 78 17 77 8 -2(-4) -1(-9) 37 45 46 +9 +1 5
Slide 4: ArF ArF
2007 3 06 3 07 3 IC ArF 2 ArF ArF 19 12 i 35 79 i 41 77 KrF KrF 22 25 5 7 4 6 5 29 23 19 12 21 16 9 7,8 6 7,8 11 15 13 37 46 5,6 5,6 20 18 6
Slide 5: Segment results
2007 3 06 3 07 3 (5/15) 1,964 1,900 2,063 +99 +163 +5.0% +8.6% 155 140 189 +34 +49 7.9% 7.4% 9.2% +21.9% +35.0% 79 85 86 +7 +1 341 350 340 -1 -10 118 100 90 -28 -10 06 3 07 3 6% 6% 14% 16% 36% 45% 35% 42% 7
Slide 6: (5/15) +30 +3 +12.3% +1.1% +3 - 2.9% .7% 3.7% +42.9% 06 3 07
2007 3 06 3 07 3 (5/15) 243 270 273 +30 +3 +12.3% +1.1% 7 10 10 +3 - 2.9% 3.7% 3.7% +42.9% 06 3 07 3 2% 2% 17% 17% 38% 40% 19% 22% 23% 21% 8
Slide 7: (5/15) +35 +13 +15.4% +5.2% +10 +1 0.4% 4.0% 4.2% +10.0% 06 3 07
2007 3 06 3 07 3 (5/15) 228 250 263 +35 +13 +15.4% +5.2% 1 10 11 +10 +1 0.4% 4.0% 4.2% +10.0% 06 3 07 3 21% 18% 42% 46% 20 % 17% 4% 16% 3% 13% 96 9
Slide 8: Balance sheet
2007 3 B/S 36% 36.0% 35.2% 33% 8,000 32.7% 7,259 8,000 30% 6,909 7,259 7,000 6,487 615 7,000 6,909 449 6,487 292 6,000 1,428 6,000 1,376 1,268 5,000 5,000 4,642 4,476 4,000 4,365 2,388 2,593 4,000 2,470 3,000 3,000 388 478 447 2,000 2,000 2,218 2,175 2,433 2,617 1,000 2,068 1,000 2,122 0 0 05/9 06/3
Slide 9: 0.88 0.9 3,000 0.74 2,593 0.64 2,470 2,500 2,388 22 116 169 0.6 111
2007 3 0.88 0.9 3,000 0.74 2,593 0.64 2,470 2,500 2,388 193 174 122 116 169 0.6 111 2,000 1,872 1,788 2,000 1,800 1,686 417 333 1,600 343 1,500 1,451 1,603 1,400 1,493 1,200 1,455 1,455 1,343 1,000 1,000 800 600 500 615 738 400 449 621 683 200 292 0 0 05/9 06/3 06/9 05/9 06/3 06/9 11
Slide 10: IC 6.5
2007 3 IC 6.5 12
Slide 11: Agenda
2006 11 9 Agenda 2007 3 2007 3 2008 3 13
Slide 12: Full-year forecast
2007 3 06 3 07 3 (5/15) 7,309 7,800 7,970 +661 +170 +9.0% +2.2% 666 730 870 +204 +140 9.1% 9.4% 10.9% +30.6% +19.2% 435 620 740 +305 +120 6.0% 7.9% 9.3% +70.1% +19.4% 289 370 450 +161 +80 4.0% 4.7% 5.6% +55.7% +21.6% 10.0 10.0 13.0 +3.0 +3.0 13 14
Slide 13: ArF S609B NA1.30 S610C
2007 3 06 3 07 3 (5/15) 1,162 1,350 1,359 2,432 2,900 2,900 1,270 1,550 1,541 124 140 233 264 360 450 10.9% 140 12.4% 220 15.5% 217 79 12 78 17 77 8 159 29 170 47 170 30 80 17 92 30 93 22 37 45 46 67 82 82 30 37 36 464 460 470 520 CY05/06 147 130 130 ArF S609B NA1.30 S610C 15
Slide 14: ArF ArF
2007 3 06 3 5/15 07 3 IC ArF ArF ArF 5% 5% ArF ArF i 27% 159 i 23% i 22% 48% 170 44% KrF 44% 170 KrF KrF 29% 28% 25% 7% 9% 6% 11% 7% 9% 26% 11% 35% 35% 16% 25% 12% 10% 23% 26% 22% 10% 7,8 7,8 22 28 7,8 28 30 39 67 82 39 82 5,6 5,6 5,6 48 33 33 16
Slide 15: (5/15) 1,964 1,900 2,063 4,166 4,100 4,260 2,202 2,200 2,197 155 140 189 344
2007 3 06 3 07 3 (5/15) 1,964 1,900 2,063 4,166 4,100 4,260 2,202 2,200 2,197 155 140 189 344 310 360 8.3% 189 7.6% 170 8.5% 171 79 85 86 134 175 200 55 90 114 341 350 340 711 710 650 370 360 310 118 100 90 202 210 220 84 110 130 6,323 6,600 6,900 394 500 500 200 06 3 5/15 07 3 7% 6% 6% 15% 17% 18%
Slide 16: 7.5% 34 8.3% 40 8.3% 40 06 3 5/15 07 3 1% 1% 1%
2007 3 06 3 07 3 243 270 273 549 600 600 306 330 327 7 10 10 41 50 50 7.5% 34 8.3% 40 8.3% 40 06 3 5/15 07 3 1% 1% 1% 15% 16% 17% 41% 42% 40% 20% 20% 22% 23% 21% 20% 18
Slide 17: (5/15) 0 3.8% 18 1.9% 0 1.9% -1 06 3 5/15 07 3 27%
2007 3 06 3 07 3 (5/15) 228 250 263 498 530 540 270 280 277 1 10 11 19 10 10 3.8% 18 1.9% 0 1.9% -1 06 3 5/15 07 3 27% 26% 25% 40% 43% 43% 17% 16% 18% 3% 13% 2% 13% 2% 12% 220 19
Slide 18: 0 220 300 275 204 202 197 208 150 200 100 100 50 0
2007 3 350 500 470 300 300 258 400 371 250 336 223 225 202 302 200 220 300 275 204 202 197 208 150 200 100 100 50 0 0 03/3 04/3 05/3 06/3 07/3 03/3 04/3 05/3 06/3 07/3 20
Slide 19: / 1.36 1.29 1.5 1.00 0.74 0.52 0.5 13 400 366 350 300 200
2007 3 / 1.36 1.29 1.5 1.00 0.74 1 0.52 700 637 0.5 600 500 471 413 400 366 350 300 200 94 100 14 0 -100 -83 -69 -91 -105 -200 -185 -224 -300 03/3 04/3 05/3 06/3 07/3 21
Slide 20: IC 1,450
2007 3 IC 1,450 13 22
Slide 21: Agenda
2006 11 9 Agenda 2007 3 2007 3 2008 3 23
Slide 22: 2008
2008 3 24
Slide 23: Agenda
2006 11 9 Agenda 2007 3 2007 3 2008 3 25
Slide 24: 117.90 +100 +10 149.77 +70 +25 2007 3 07 3 110 18 135 10
2007 3 06 9 06 9 110 117.90 +100 +10 135 149.77 +70 +25 170 35 2007 3 07 3 110 18 135 10 26
Slide 25: (5/15) 0 180 201 250 371 435 620 740 234 370 369 -26 0
2007 3 06 3 07 3 (5/15) 284 300 440 666 730 870 382 430 430 52 40 50 282 150 180 201 250 371 435 620 740 234 370 369 -26 0 0 120 250 290 94 150 232 289 370 450 195 220 218 27
Slide 26: 2,300 1,900 109 118 120 160 1,500 105 567 773 136 690 703 620
2,300 131 133 138 155 1,900 119 138 168 108 117 138 132 126 109 118 120 160 1,500 105 567 773 136 690 703 620 586 622 472 1,100 435 700 1,177 994 1,025 989 1,074 958 926 888 970 300 -72 -80 -61 -82 -86 -86 -83 -97 -88 -100 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2004 FY2005 FY2006 28
Slide 27: 106 90 140 125 2 7 9 90 40 31 79 65 26 64
290 240 14 11 190 13 10 5 105 24 23 34 140 3 10 128 67 50 74 106 90 140 125 2 7 9 90 40 31 79 65 26 64 49 19 17 -1 -5 -3 -2 -1 -3 -10 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2004 FY2005 FY2006 29