Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — Q1 FY March 2014 Earnings Presentation
17 slides from Autobacs Seven's earnings presentation, Jul 31, 2013
Slide 1: Results for the Three Months ended June 30, 2013
【Reference】 Translation Results for the Three Months ended June 30, 2013 July 31, 2013 AUTOBACS SEVEN CO., LTD.
Slide 2: Q1 FY March 2014 Consolidated P/L
Q1 FY March 2014 Consolidated P/L Sales and profits declined: The impact of the decline of net sales was partially offset by the improvement in gross margin and control of SG&A expenses. • Net sales fell due to a decline in sales of car accessories accompanied by fewer sales of new cars and a price
Slide 3: Sales Trend: Retail & Wholesale (July 2012 – June 2013)
Sales Trend : Retail & Wholesale (July 2012 – June 2013) （％） 【YoY change for the last 12 months】 10.0 Retail Wholesale 5.0 2.1 0.8 -0.5 0.0 0.9 1.6 0.6 0.1 -3.1 -1.5 -5.0 -3.5 -5.9 -3.8 -4.6 -5.6 -6.3 -6.7 -10.0 -10.0 -9.4 -8.7 -11.6 -11.6 -15.0 -15.0 -17.4 -17.9 -20.0 Jul Aug Sep Oct Nov Dec Jan Fe
Slide 4: Sales Ups & Downs by Merchandise (Q1)
Sales Ups & Downs by Merchandise (Q1) 【Same Store Basis】 Sales: - 9.3 % YoY, Number of customers: - 6.3% YoY Retail sales ups and downs by merchandise category (Million Yen) (for three months ended June 30 2013, YoY change in amount, total store basis) 500 0 0 -10 Goods Motorcycle -27 -60 -71 -254 -
Slide 5: Retail Sales Including Franchisees
Retail Sales Including Franchisees RETAIL SALES INCLUDING FCs*: 63.6billion yen (-7.2% YoY) (Billion Yen) 80 68.5 63.6 Second hand goods & Fuel: 1.0BY (+23.3% YoY） 70 0.8 3.7 1.0 3.8 3.9 Statutory safety inspection: 3.9BY (+6.4% YoY) 60 4.3 Number of cars inspected： 132,000 cars (+4.3% YoY) Number o
Slide 6: Analysis for Operating Income
Analysis for Operating Income Domestic retail sales Total stores -7.2% / Same store sales -9.3% (YoY) OP YoY Non-consolidated 2,780MY -320MY Sales: -6,940MY（-14.2％） →Transfer of directly managed stores to subsidiaries=-7,300MY Gross profits: -1,100MY（GPM: 20.9% - up from LY’s 20.2%） →GPM improved du
Slide 7: Decrease in Consolidation Adjustments
Decrease in Consolidation Adjustments Consolidation Adjustments (Million Yen) Three months ended Three months ended June 30, 2013 June 30, 2012 Operating Income for segment total 2,339 2,534 Inventories (Unearned income of subsidiary inventories, etc.) (395) (271) Depreciation of Goodwill (27) (97)
Slide 8: Performance Breakdown (Three months ended Jun 30, 2013)
Performance Breakdown (Three months ended Jun 30, 2013) Parental company (Non-consolidated) -6.15 BY ↑ fuel, used car, oil, batteries, services Net Sales: Wholesale -13.4% ↓ Car electronics devices, Tires & wheels, etc. 41.9 BY YoY: -6.93BY -0.79 BY ↑ on-line store, fuel Retail -38.8% ↓ Car electron
Slide 9: Segment Information
Segment Information (Billion yen) Three months ended Three months ended YoY June 30, 2013 June 30, 2012 change Net Sales 41.9 48.9 -14.2% Non-consolidated Ordinary Income 2.8 3.1 -10.3% Domestic store Net Sales 17.8 18.5 -3.4% subsidiaries - Ordinary Income (0.7) (0.7) Net Sales 2.5 2.1 +22.6% Overs
Slide 10: Results of Overseas Operation by Country
Results of Overseas Operation by Country FRANCE CHINA SINGAPORE THAILAND Number of stores at June 30, 2013 11 2 3 4 -including FCs stores- Total store sales -3.8% +42.0% -1.5% -6.4% -including FC stores- Q1 Q1 Period Q1 FY2014 Q1 FY2013 FY2014 Q1 FY2013 FY2014 Q1 FY2013 Q1 FY2014 Q1 FY2013 Net sales
Slide 11: Store Openings and Closings (Plan)
Store Openings and Closings (Plan) < Domestic stores > Fiscal year ending March 31, 2014 No. of No. of No. of stores as Q1 (result) stores as Q2 – Q3 (Plan) stores as of March of June 30, of March 31, 2013 New S/B・R/L Close 2013 New S/B・R/L Close 31, 2014 AUTOBACS 455 +4 +2 / -1 460 +27 +3 / -3 487
Slide 12: Progress of AUTOBACS 2010 Business Plan
Progress of AUTOBACS 2010 Business Plan Measures Progress of individual measure １．Improving store profitability 1) Store reform Improved merchandise lineup for tires and encouraged repeat customer visits 2) Merchandise/ Improved purchasing conditions for tires and other purchase reform merchandise 3
Slide 13: Establishment of Joint Venture Company in Indonesia
Establishment of Joint Venture Company in Indonesia Name of JV company: PT. AUTOBACS INDOMOBIL INDONESIA Line of Business: 1. Wholesale, import and export of automobile parts and accessories 2. Sublicensing to retail stores including AUTOBACS brand stores 3. Body work and maintenance for automobile
Slide 14: Business objectives and environment
Business objectives Business environment The decline in sales in areas including car electronics and car accessories is expected to continue into Q2, although signs of improvement are seen in the business environment, such as in the increase in the number of customers. Elements to focus on for the r
Slide 15: Balance Sheet / Assets
Balance Sheet / Assets 206.8BY 201.5BY 224.7BY 205.5BY 199.4BY (Billion Yen) 42.5 Cash and deposits 45.8 42.9 48.2 49.2 Trade notes and account 38.6 receivables 29.9 28.4 24.7 Lease investment 12.8 25.9 assets 2.5 12.4 Marketable securities 13.3 13.1 1 4.6 5.8 20.8 12.1 16.6 0 Inventories 18.3 17.6
Slide 16: Balance Sheet / Liabilities & Net Assets
Balance Sheet / Liabilities & Net Assets (Billion Yen) 206.8BY 201.5BY 224.7BY 205.5BY 199.4BY Trade notes & accounts payable 39.6 28.1 21.6 ST borrowings and 24.4 23.0 corporate bond 4.2 2.2 5.0 3.8 21.2 2.3 Other ST liabilities 19.1 18.2 23.5 16.0 Bonds and LT debts 5.4 6.1 6.1 5.2 6.0 11.1 Other
Slide 17: Forward-Looking Statements
Forward-Looking Statements These materials include forecasts regarding the Company’s future plans, strategies, and performance. This information is based on judgments and estimates made in accordance with information currently available. Actual results may differ materially from forecasts due to suc
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