Nsk Ltd. · TSE:6471

Nsk — Q1 FY2020 Earnings Presentation

20 slides from Nsk's earnings presentation, Aug 5, 2020

  1. Slide 1: Consolidated Business Results for Q1 FY2020 and Forecast for FY2020

    FINANCIAL CONFERENCE CONSOLIDATED BUSINESS RESULTS FOR Q1 FY2020 AND FORECAST FOR FY2020 August 5, 2020 NSK Ltd. Cautionary Statements with Respect to Forward-Looking Statements Statements made in this report with respect to plans, strategies and future performance that are not historical fact are f

  2. Slide 2: Content

    Content 1． Consolidated Business Results for the Three Months Ended June 30, 2020 2． Consolidated Business Forecast for the Year Ending March 31, 2021 (Supplementary Information) Copyright NSK Ltd. All Rights Reserved. 1

  3. Slide 3: Consolidated Business Results for the Three Months Ended June 30, 2020

    1． Consolidated Business Results for the Three Months Ended June 30, 2020 Copyright NSK Ltd. All Rights Reserved. 2

  4. Slide 4: Summary of Consolidated Business Results for FY2020: Q1

    Summary of Consolidated Business Results for FY2020: Q1 Q1 Overview ✓ Consolidated Business Results for FY2020: Q1 (Apr.-Jun.) (From FY2019: Q1) Sales : ¥ 128.9 billion ( -¥ 94.1 billion / -42.2%) Operating Income : -¥ 12.9 billion ( -¥ 23.2 billion / －) (%) (-10.0%) Net Income Attributable －) -¥ 9.

  5. Slide 5: Summary of Consolidated Business Results for FY2020: Q1

    Summary of Consolidated Business Results for FY2020: Q1 FY2019 FY2020 Increase/ Q1 Q1 Decrease Difference (Billions of yen) <Actual> <Actual> YOY YOY Sales 222.9 128.9 -94.1 -42.2% Operating income 10.3 -12.9 -23.2 － <%> <4.6%> <-10.0%> Income before 10.6 -12.5 -23.2 － income taxes Net income attrib

  6. Slide 6: Q1 Demand Trends by Region

    Q1 Demand Trends by Region ✓ By region：China recovered quickly, other regions recovered gradually. ✓ Industrial machinery business：Demand declined by approx.15%. ✓ Automotive business：Global production volume decreased by 45%. (turned positive in China) Index trend when the same period of the previo

  7. Slide 7: Business Results: Industrial Machinery Business

    Business Results: Industrial Machinery Business (Billions of yen) Ind BRG Precision O.I O.I (%) FY2019 FY2020 Increase/ 12.7% 11.9% 12.1% 12.0% Difference Q1 Q1 Decrease (Billions of yen) YOY 8.0% YOY 5.8% 4.4% 5.8% <Actual> <Actual> 69.3 68.2 -0.4% 66.6 65.9 Sales 60.8 50.2 -10.6 -17.4% 60.8 58.9 1

  8. Slide 8: Business Results: Automotive Business

    Business Results: Automotive Business (Billions of yen) Auto BRG Auto Comp O.I O.I (%) FY2019 FY2020 8.3% Increase/ 6.6% 6.9% Difference 4.0% 3.3% (Billions of yen) Q1 Q1 Decrease YOY 1.4% 2.7% <Actual> <Actual> YOY 183.3 -1.0% 174.3 171.6 160.5 155.2 147.0 144.7 Sales 155.2 74.2 -81.0 -52.2% 126.9

  9. Slide 9: Consolidated Business Forecast for the Year Ending March 31, 2021

    2． Consolidated Business Forecast for the Year Ending March 31, 2021 Copyright NSK Ltd. All Rights Reserved. 8

  10. Slide 10: Summary of Consolidated Business Forecast for the Year Ending March 31, 2021

    Summary of Consolidated Business Forecast for the Year Ending March 31, 2021 FY2019 FY2020 Increase/ Full year Full year Decrease Difference (Billions of yen) <Actual> <FCST> YOY YOY Sales 831.0 720.0 -111.0 -13.4% Operating income 23.6 1.0 -22.6 -95.8% <%> <2.8%> <0.1%> Income before income taxes 2

  11. Slide 11: Demand Forecast

    Demand Forecast  Global Vehicle Production <Index when the same period of the previous year is regarded as 100> FY19 FY20 FY19 (Act) FY20 (Forecast) Act. Fcst. YOY Q3 Q4 Q1(Act) Q2 Q3 Q4 Volume 83.7M 72.5M 87% Index 95 80 55 85 95 115 （Source：IHS Automotive(Act.), NSK estimates )  Industrial Machi

  12. Slide 12: Forecast by Business Segment

    Forecast by Business Segment Industrial Machinery Business FY2019 FY2020 Increase/ Full year Full year Decrease Difference (Billions of yen) <Actual> <FCST> YOY YOY Industrial Sales 232.5 220.0 -12.5 -5.4% Machinery Industrial machinery Business bearings 189.8 179.5 -10.3 -5.4% Precision machinery a

  13. Slide 13: Operating Income: Factors Behind Change (FY2019 to FY2020 Forecast)

    Operating Income: Factors Behind Change (FY2019 ⇒ FY2020 Forecast) (Billions of yen) 23.6 Volume/ Mix Effect of Reduction exchange rate -37.0 of costs fluctuations -2.0 -1.5 1.0 0.0 Equity method FY2019 profits / Other FY2020 +17.4 operating Reduction of expenses Forecast external Decline in procure

  14. Slide 14: (Supplementary Information)

    (Supplementary Information) Copyright NSK Ltd. All Rights Reserved. 13

  15. Slide 15: Sales & Operating Income Results by Business Segment

    （Supplementary Information） Sales & Operating Income Results by Business Segment FY2019 FY2020 Increase/ Q1 Q1 Decrease Difference (Billions of yen) <Actual> <Actual> YOY YOY Total Sales 222.9 128.9 -94.1 -42.2% Operating income 10.3 -12.9 -23.2 － <%> 4.6% -10.0% Industrial Sales 60.8 50.2 -10.6 -17

  16. Slide 16: Sales by Customer Location

    （Supplementary Information） Sales by Customer Location FY2019 FY2020 Increase/ Q1 Q1 Decrease Difference <Actual> <Actual> YOY (Billions of yen) YOY Sales 222.9 128.9 -94.1 -42.2% Japan 82.1 46.7 -35.3 -43.1% Non-Japan 140.9 82.2 -58.7 -41.7% <Non-Japan ratio> <63.2%> <63.7%> The Americas 38.0 15.3

  17. Slide 17: Consolidated Balance Sheet

    （Supplementary Information） Consolidated Balance Sheet Assets Liabilities / Total equity Current liabilities Non-Current assets Current assets Non- Current liabilities Total equity Change from Change from Ratio of equity attributable to owners （Billions of yen） FY19 End of Q4 FY19 End of Q4 of the p

  18. Slide 18: Inventories / Interest-Bearing Debt

    （Supplementary Information） Inventories / Interest-Bearing Debt Inventories Interest-bearing debt Japan Non-Japan Inventory turnover Japan Non-Japan Net D/E ratio (Times) 5.3 0.28 0.30 (Billions of yen) 3.3 (Billions of yen) 333.2 159.5 153.0 279.2 59.7 30.2 90.3 94.3 273.5 249.0 62.7 65.2 FY19 End

  19. Slide 19: Capital Expenditure / Depreciation and amortisation / R&D Expenses

    （Supplementary Information） Capital Expenditure / Depreciation and amortisation / R&D Expenses FY2019 FY2020 Full year Q1 Q2 Q3 Q4 Full year Q1 (Billions of yen) (Plan) Capital Expenditure 10.5 11.1 12.1 21.1 54.9 6.4 40.0 Depreciation and amortisation 13.4 13.4 13.6 13.5 53.9 13.4 54.0 FY2019 FY202

  20. Slide 20: Copyright : NSK Ltd. All rights reserved for all pages.

    Copyright : NSK Ltd. All rights reserved for all pages.

NSK — Q1 FY2020 Earnings Presentation on 6ix