Seiko Epson Corp. · TSE:6724
Seiko Epson — Q3 FY2016 Earnings Presentation
26 slides from Seiko Epson's earnings presentation, 2017
Slide 1: EPSON Exceed Your Vision
EPSON EXCEED YOUR VISION 20164 (201743Ai) SO RAS 201771A318 CHI-LIV HASH ©SEINO EPSON CORPORATION 2017. AX nights reserved.
Slide 2: yr EPSON
yr EPSON B PPR RIBLICADSICMICOWTOFR BIA AGUA ACICMAN TUS ROMMICMT SRNL, LG oA CAF OEIC SS ROFM CH, MERU ZIPFMEBRESANEOTS. COLD, MAOMMZAESER BINS, RANT RMLEAR MUSE AS COECAOIBECEA, RHORMI RARE SASSBRLLTS, BRBLUMA OANA. MBICBI SITY OMT IY CADW - HE LENS TSMBOMG), BEMPCAOCULOMS. 77/0F-OR, AMORMBEVARNSS
Slide 3: 2016 Q3 results
1) 20164 S30+HRE
Slide 4: Q3 cumulative results summary
PR ssisih Geammeretmns) ET YO ION at 8,374 727 % 7,658 573 470 132.93 FA 106.63 Fi 118.02 FA AE ALL mae -715 -8.5% 7.1% -187 -25.7% 7.5% -246 -30.1% 7.5% -229 -28.6% 6.1% -81 -14.7% Aweem (BF) USD | EUR tic] it RE 4332 A170 A414 A917 fie +60 A120 A170 A230
Slide 5: Q3 quarterly results
PR xses1h ce3men) DOEED Un om * Beh ALO eRe % 2,782 283 295 303 20154 201648 Is AUERRALG SLA SRE = -161 -5.5% 10.2% -41, -12.9% 10.6% -106 -26.6% 10.9% -98 -24.6% 10.2% -5 -2.0% Beam (18F3) USD | EUR| ft | it Ewa Re 88 Al A108 A259 BR 6412 A44 A43 A74
Slide 6: Quarterly revenue and profit trends
RP cosas tinasices > Bax ba EPSON der» (2608] [2820] (2,944) (2550) (2300) (2408) Ea | 3,500 mem -125 SMA - sem WEA -0 2015/19 2015/2 2015/39 2015/4Q 2016/19 2016/29 2016/3Q k | 5 BOOawnwnnw®
Slide 7: Segment results: printing solutions
Wh craxenass tunzstear » F129 a—-SaX ({@F9) 2,500 2,049 45 2015/3Q zw 2016/3Q ES O41 R-S FFA FONDS MRK, Dab-ISI1y9A/POSTAF A BE ROBE Bee MEME -26 ep: 49N-— My DEF IMS. FERRI CD KEM IIDS IEF ISA MEBMtt -98 NSBR ®@SIDM : PLU PE RRAIUS—M A at 2015/3Q 2016/3Q | WBC PES HALO — BRAS DP 81% 84% IRFEORAB BE
Slide 8: Segment results
Wh” vosenas cuyasicaz > ESartsa=7—-S3y EPSON 460 e705199-: RASTA. BREF IVS FLI-RAFOBRVBET, ARTES NO sure 2015/3Q 2016/3Q RH =m “se! toe? Tr
Slide 9: Segment results
cosas tunasteae » OL75I-RI097y EPSON 433 | 2015/3Q Ra 2016/3Q zm PATOTIA ARE K © V490F IA: >|) *xabiamEmciess Me =?) | eipeeig yD Rn one SEEM TMAIED AUSEIMALE +1 Aue "ao coy KmmoMD P BA DICDK y RSM 3°) | sephomieenment eee
Slide 10: | Me ee
| Me ee ((8F3) (729| |785| [806] (805) (701) (719) | (FE_EMRES IE) 28.0% 27.9% 27.4%
Slide 11: | er eee
| er eee 500 cary (165| [237] [325] (iar) (a) (2) 400 300 200 2015/1Q 2015/2Q 2015/3Q 2015/4Q 2016/1Q 2016/2Q 2016/3Q ce ee ee ee ee ee. 10
Slide 12: | ere EPSON
| ere EPSON aAzr +66 zy (48F3) et 2b Et 2» 325 | “52 2015/3Q 2016/3Q ©: SUMMITS RUBCIST HB TAR LOMAS BROW __——T sd 11
Slide 13: Balance sheet
RP vmxestuerenane REET 10,000 5,000 9,088 10,062 10,022 (8F3) 2014/3 2015/3 2015/12 9,413 2016/3 2016/12% Ww 2,000 1,000 1,815 2,204 0 (@F3) 2014/3 2015/3 2015/12 2,016 2016/3 2016/12 -_— 12
Slide 14: Balance sheet
RP vmxestuerenane Alt Aa - BAF AK _ aie 18.5% 2000 = 15.5% = 14.3% 2,205 1,859 1,556 1,417 408 | (@F3)-2014/3% 2015/3% 2015/12% 2016/3 2016/12 RAOMAa EI SID RAH a aI 6,000 39.9% 7g 51J% 49.7% 49.6% 4,000 2,000 4,943 5,186 4,678 0 (@F3) «= 2014/3% 2015/3 2015/12 2016/3 2016/12 13
Slide 15: 2) FY2016 forecast
2) 2016 #778 14
Slide 16: FY2016 forecast
PR cose art EPSON Lo) 10/27 RH % (10/2778 % SIF % so sn 724 200 10,924 10,000 = AG@CGmee | oom = -209 40 849 7.8% 600 6.0% 640 63% ..%.’ 6 -300 40 940 8.6% 600 6.0% 640 6.3% mom 248 9% ~285 40 915 8.4% 590 5.9% 630 6.2% Pe ern 460 4.2% 460 4.6% 480 47% 1) fe 127.94 130.60 136.28 esmem : sqomm-name i
Slide 17: Forecast assumptions and key points
PR corse amewrieront EPSON + APBZORIBL (4Q : 110F9/USD, 115F9/EUR) Y FLU M200, BARA H40GAOTSAR (THAR MESA) + BERBER LING, BRA, B 3 OFHMOKRE PEAR BRCCORMLERIRLICER, BIE P AME <DWT1IWN1-ayX> ¥ KEM YIIY IEF OMRTTMEY, RIE NIH ¥ RSME PLCLLIPO 1 IA— Ny LEF AOD ¥ “PEGI SIDMOEB <ESIPISI=I-Fay> ¥ 4 QE TS BIB
Slide 18: Revenue forecast breakdown
PO corset > BILD hE (#8) [io9e | [000 | = mraryar +200 12,000. $$ =e) 2,000 0 - =a GD GD Gary [sean (=) (ao) Gao wae iad mem 10 Fr2015 Fr2016 FY2016 misran $10 fin RA NOFS SOF an 17
Slide 19: Operating income forecast by segment
PO coiccessewsr18- sens Lunas +359 3,000 mEFwe +110) 750 —p 2,000 REO 500 FY2015 FY2016 1,000 UP 80% 81% 250 SIDM 10% 9% — tom 10% 10% 0 -23 +20 -20 imate +97 mare -20 FY2015 FY2016 FY2016 FY2015 FY2016 FY2016 RM NF SOF RM nave sara wT Lg LIAN 18
Slide 20: Wh” srscpaseee scent ei nana RSL
Wh” srscpaseee scent ei nana RSL POA Pa UoaPAIta-F-H DU73IN-MRIDIT? toe-annm 478 a nee FY2014 Fy2015 FY2016 TERS TERS TFRS =m am 72 Fv2015 | FY2016 =m #8 366 430 107 110 val wo 694 770 a7) 120 454 444 453 70 Fvgo14 Fv2015 wt Tad 2a zm 19
Slide 21: | DY—-PyS1-JO- Ril
| DY—-PyS1-JO- Ril Bae IFRS SH ES | FY2014 IFRS IFRS RH zw 20
Slide 22: ROE and ROA trends
PO = neemons EPSON 30.0 20.0 10.0 0.0 -10.0 -20.0 30.0 (%) FY2012 Bane Ei) 27.7 26.3 LEAR) SEH / RR OPER) SOP ROA ittens} RESHORNSE - PRR / MRA (FR) —ros (S450) see Lm UFRS) = LMEMBMRAES : MES /E Les -oroe (Seme) Sime EERE (Em) “{IFRS) MISS) MES: RASLORA SMT SMPs SREMOMAB MMT S19 (FER) FY2013 FY2014
Slide 23: Reference materials
HEAR SEUD oun ero 22
Slide 24: Exchange rate assumptions and sensitivity
RP” =nxs8 EPSON (FD) F¥2015 | FY2016 | FY2018 FY2015 FY2016 | Epson 25 xm 1/3178 | He RM 1/314 | MiRit 1130 960 =3,3008m 614 260 1,200 694 770 2,008 531 S60 WmEeNICIOF weiss 5-10 : FY2015 -FY2016. Epson 25 : Pee st ee St ¥120.14 ¥107.00 ¥115.00 ¥132.58 ¥117.00 ¥125.00 _— TA
Slide 25: Market assumptions
Pr szq20nnwe EPSON FY20153844(FY2014tt), FY20163M--PA8(FY2015tt) ASP FENRIS APIO FY2016 FY2016 3Q(2M) i (F22) Est | +2% +7% Scam imae tt: #)20%/ . #920%/ DP -4942/KSM -#935% ASP +L -10%RE = —-10% MIE -1NTOATE -1T MEE FEES = + LT MEAT -1HTAATE -10%A ATE = RMAs AGMA MEO a 0% ~3% =7% -2% - ri ASP F1NIO
Slide 26: EPSON Exceed Your Vision
EPSON EXCEED YOUR VISION 25