Daifuku Co., Ltd. · TSE:6383
Daifuku — Q1 FY2010 Earnings Presentation
16 slides from Daifuku's earnings presentation, Aug 12, 2010
Slide 1: Consolidated Financial Results, First Quarter FY Ending March 2011
Consolidated Financial Results First Quarter of the Fiscal Year Ending March 31, 2011 (April – June 2010) August 12, 2010
Slide 2: Contents
Contents 1 1-1 FY2010 Q1 Results (Consolidated) 1-2 Changes to Reporting Segments 1-3 FY2010 Q1 Results by Segment 1-4 FY2010 Q1 Results by Former Segment 2 Financial Situation (Consolidated) 3 Trends in Non-Japan Sales Ratio 4 Non-Japan Net Sales by Area (Consolidated) 5 Trends in Service Business
Slide 3: 1-1. FY2010 Q1 Results (Consolidated)
1-1. FY2010 Q1 Results (Consolidated) 2 Orders are trending higher. Sales are expected after July 2010. Profits are influenced by changes in accounting methodology (asset retirement obligations). (Billion yen) (FY10 Q1) (FY09 Q1) (Year-on-year) Orders 39.0 20.3 (91.9%) Net sales 32.4 38.2 (-15.2%) O
Slide 4: 1-2. Changes to Reporting Segments
1-2. Changes to Reporting Segments 3 In the current fiscal year, the four companies—Daifuku Co., Ltd., Contec Co., Ltd., Jervis B. Webb Company and Daifuku America Corporation—are positioned as the core companies and thus the reporting segments of the Daifuku corporate group. FY2009 sales breakdown
Slide 5: 1-2. Changes to Reporting Segments
1-2. Changes to Reporting Segments 4 Company Overview Daifuku Co., Ltd. A core company, which manufactures and sells material handling systems and equipment, car wash machines, and other facilities Contec Co., Ltd. A subsidiary, which manufactures and sells industrial PCs, interface boards, and othe
Slide 6: 1-3. FY2010 Q1 Results by Segment
1-3. FY2010 Q1 Results by Segment 5 Contec returns to profitability. Note: Using the current reporting segments for the same (Billion yen) period in the previous fiscal year. Net sales Net income (FY10 Q1) (FY09 Q1) (FY10 Q1) (FY09 Q1) Daifuku 19.65 23.94 -0.54 1.21 Contec 1.82 1.11 0.04 -0.44 Jervi
Slide 7: 1-4. FY2010 Q1 Results by Former Segment
1-4. FY2010 Q1 Results by Former Segment 6 The Electronics segment returns to profitability. Profits in the Other segment remain solid. (Billion yen) Note: Comparison with former segments Sales Operating income (FY10 Q1) (FY09 Q1) (FY10 Q1) (FY09 Q1) Logistic Systems 28.55 34.64 -0.05 2.03 Electroni
Slide 8: 2. Financial Situation (Consolidated)
2. Financial Situation (Consolidated) 7 Cash flows increase due to decrease in notes and accounts receivable, among other factors. Cash and cash equivalents at end of FY2010 Q1 32.0 billion yen (up 6.8 billion yen year on year) ■ Cash Flows from Operating Activities Cash inflow of 2.2 billion yen (u
Slide 9: 3. Trends in Non-Japan Sales Ratio
3. Trends in Non-Japan Sales Ratio 8 56.2% 55.2% 44.4% (Billion yen) Outside Japan 31.4 Outside Japan 21.0 Outside Japan 14.3 FY08 Q1 FY09 Q1 FY10 Q1 Sales Sales Sales 56.0 38.2 32.4
Slide 10: 4. Non-Japan Net Sales by Area (Consolidated)
4. Non-Japan Net Sales by Area (Consolidated) 9 Sales recover in South Korea and Europe and rapidly increase in China. Other Other 1.7% North North 2.7% America America 26.7% Asia 34.3% Asia Europe 54.0% Europe 67.2% 3.4% 10.0% FY10 Q1 FY09 Q1 (Billion yen) Area Country FY10 Q1 FY09 Q1 Sales Ratio (
Slide 11: 5. Trends in Service Business (Consolidated Sales)
5. Trends in Service Business (Consolidated Sales) 10 The service business achieves more than 25% of target consolidated sales. Aftermarket Sales / Net sales (%) (Billion yen) 23% 12.8 24% 28% 9.2 9.1 FY08 Q1 FY09 Q1 FY10 Q1 Sales Sales Sales 56.0 38.2 32.4
Slide 12: 6. Orders and Net Sales by Industry (Consolidated)
6. Orders and Net Sales by Industry (Consolidated) 11 Orders in electronics industry recover. Sales in commerce and retailing industries remain solid. (Billion yen) Orders Net Sales FY10 Q1 FY09 Q1 FY10 Q1 FY09 Q1 Industry Orders Ratio (%) Orders Ratio (%) Sales Ratio (%) Sales Ratio (%) Automobile
Slide 13: 7. FY2010 Interim Estimates (Consolidated, Apr-Sep 2010)
7. FY2010 Interim Estimates (Consolidated, Apr-Sep 2010) 12 (Announced on (Announced on May 14, 2010) Aug 12, 2010) (FY09 H1) (Year-on-year) Orders 85.0 85.0 51.8 (63.9%) Net Sales 80.0 77.0 73.2 (5.1%) Operating income -1.2 -1.8 -0.7 (-1.0) Ordinary income -1.5 -1.9 -0.9 (-0.9) Net income -1.3 -2.0
Slide 14: 8. FY2010 Estimates (Consolidated)
8. FY2010 Estimates (Consolidated) 13 (Announced on (Billion yen) May 14, 2010) (FY09) (Year-on-year) Orders 175.0 133.2 (31.4%) Net Sales 170.0 154.2 (10.2%) Operating income 0.5 0.08 (518.9%) Ordinary income 0.1 -0.1 (0.2) Net income -0.4 1.0 (-1.4) Net income per share -3.61 yen 9.20 yen
Slide 15: 9. Trends in Quarterly Orders and Sales
9. Trends in Quarterly Orders and Sales 14 Orders (Billion yen) Looking over the 100 90.7 (See Note) quarterly trends, orders Estimate 90 bottomed out in the first 80 quarter of fiscal 2009 ◇ Forecast for the second 70 59.2 half of FY2010 and have subsequently 72.2 60 90.0 trended higher. 46.3 45.9
Slide 16: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m