SCREEN Holdings Co., Ltd · TSE:7735
SCREEN — Q2 FY2016 Earnings Presentation
29 slides from SCREEN's earnings presentation, Nov 9, 2015
Slide 1: Business Results & Forecast, Second Quarter ended September 30, 2015
Business Results & Forecast The second quarter ended September 30, 2015 Nov. 9, 2015 SCREEN Holdings Co., Ltd. Eiji Kakiuchi, President, COO Cautionary statement with respect to these materials; The earnings forecasts contained in these materials and communicated verbally, are made in accordance wit
Slide 2: Agenda
Agenda 1. FY2016 Q2 Business Results 2. Business Situation in 3 segments <SE, GP, FT> 3. Financial Situation 4. FY2016 Business Forecast 5. Three-year Medium-term Management Plan “Challenge2016” <Interim Report> 6. A Response to Corporate Governance Code
Slide 3: 1. FY2016 Q2 Business Results
1. FY2016 Q2 Business Results 2. Business Situation in 3 segments <SE, GP, FT> 3. Financial Situation 4. FY2016 Business Forecast 5. Three-year Medium-term Management Plan “Challenge2016” <Interim Report> 6. A Response to Corporate Governance Code
Slide 4: FY2016 Q2 Business Results <Consolidated>
FY2016 Q2 Business Results <Consolidated> FY2015 FY2016 Forecast Result Result Y/Y (Aug.10) （Unit：Billions of JPY） Q1 Q2 1H Q3 Q4 Q1 Q2 1H 1H 1H Net sales 52.4 60.0 112.4 49.8 75.3 56.1 73.7 129.8 +17.3 126.0 SE 35.1 40.6 75.7 34.6 47.0 34.7 47.2 81.9 +6.2 80.0 GP 12.1 15.0 27.2 12.1 16.2 14.7 16.5
Slide 5: FY2016 Q2 Business Results <Consolidated>
FY2016 Q2 Business Results <Consolidated> >>Year-on-year comparison FY2015 FY2016 （Unit：Billions of JPY） Difference Q2 Q2 Net Sales 60.0 100.0% 73.7 100.0% +13.7 +22.8% Operating Income 4.4 7.5% 7.5 10.2% +3.0 +66.9% Ordinary Income 4.2 7.0% 7.1 9.7% +2.9 +71.1% Profit attributable to owners of pare
Slide 6: Quarterly Net Sales and Operating Income
Net Sales: JPY 73.7 bn. Quarterly Net Sales and Operating Income OP: 10.2% <Consolidated> Net Sales Operating SE GP FT Other Operating Income Income (Unit : Billions of JPY) (right) 20.0 Net Sales: JPY 75.3 bn. Net Sales: JPY 72.6 bn. OP: 9.3% 10.0 90.0 OP: 6.0% 0.0 60.0 -10.0 -20.0 30.0 -30.0 0.0 -
Slide 7: Quarterly Orders Received and Order Backlog
Quarterly Orders Received and Order Backlog Orders Received <Consolidated> SE GP FT other Order Order Backlog (Unit : Billions of JPY) Backlog (right) 90.0 90.0 60.0 60.0 30.0 30.0 0.0 0.0 FY2013 FY2014 FY2015 FY 2016 Orders Received Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Total 50.6 42.0 48.3 50.
Slide 8: 2. Business Situation in 3 segments <SE, GP, FT>
1. FY2016 Q2 Business Results 2. Business Situation in 3 segments <SE, GP, FT> 3. Financial Situation 4. FY2016 Business Forecast 5. Three-year Medium-term Management Plan “Challenge2016” <Interim Report> 6. A Response to Corporate Governance Code
Slide 9: Business Environment <SE>
Business Environment <SE> >>Year-on-year comparison （Unit：Billions of JPY） FY2015 1H FY2016 1H Difference Net Sales 75.7 100.0% 81.9 100.0% +6.2 +8.2% Operating Income 6.2 8.2% 7.9 9.7% +1.6 +26.7% （Unit：Billions of JPY） FY2015 Q2 FY2016 Q2 Difference Net Sales 40.6 100.0% 47.2 100.0% +6.6 +16.3% Op
Slide 10: <SE> Quarterly Order Received Ratio by Device Application
<SE> Quarterly Order Received Ratio by Device Application <Nonconsolidated> Q2 Order received (consolidated): JPY 36.7 bn. >>Quarterly Order Received Ratio by Device Application <Nonconsolidated> 100% 50% 0% F Y 1 4 /Q 1 F Y 1 4 /Q 2 F Y 1 4 /Q 3 F Y 1 4 /Q 4 F Y 1 5 /Q 1 F Y 1 5 /Q 2 F Y 1 5 /Q 3 F
Slide 11: Business Environment <GP>
Business Environment <GP> >>Year-on-year comparison （Unit：Billions of JPY） FY2015 1H FY2016 1H Difference Net Sales 27.2 100.0% 31.3 100.0% +4.0 +15.0% Operating Income 1.9 7.0% 1.7 5.7% (0.1) -7.2% （Unit：Billions of JPY） FY2015 Q2 FY2016 Q2 Difference Net Sales 15.0 100.0% 16.5 100.0% +1.5 +10.0% O
Slide 12: Business Environment <FT>
Business Environment <FT> >>Year-on-year comparison （Unit：Billions of JPY） FY2015 1H FY2016 1H Difference Net Sales 9.0 100.0% 15.9 100.0% +6.8 +76.0% Operating Income (0.2) -2.2% 1.5 9.9% +1.7 - （Unit：Billions of JPY） FY2015 Q2 FY2016 Q2 Difference Net Sales 4.0 100.0% 9.6 100.0% +5.5 +136.4% Opera
Slide 13: <FT> Quarterly Orders Received by Generation
<FT> Quarterly Orders Received by Generation <Nonconsolidated> Q2 Order received (Consolidated) : JPY 6.0 bn. >>Quarterly Orders Received by Generation <Nonconsolidated> 100% 50% 0% FY14/Q1 FY14/Q2 FY14/Q3 FY14/Q4 FY15/Q1 FY15/Q2 FY15/Q3 FY15/Q4 FY16/Q1 FY16/Q2 >>FY2016 Q2 orders by region <Nonconso
Slide 14: 3. Financial Situation
1. FY2016 Q2 Business Results 2. Business Situation in 3 segments <SE, GP, FT> 3. Financial Situation 4. FY2016 Business Forecast 5. Three-year Medium-term Management Plan “Challenge2016” <Interim Report> 6. A Response to Corporate Governance Code
Slide 15: Trend in B/S <Consolidated>
Trend in B/S <Consolidated> Assets Liabilities & Net Assets （Unit: Billions of JPY） （Unit: Billions of JPY） 300.0 300.0 261.5 261.5 249.5 249.5 238.8 238.8 232.3 232.3 30.9 232.3 232.3 25.6 67.2 37.6 34.2 62.3 40.4 200.0 55.0 61.8 200.0 81.4 60.7 68.7 45.0 45.2 41.0 41.6 39.6 41.3 26.2 27.2 70.3 71.
Slide 16: Cash Flows <Consolidated>
Cash Flows <Consolidated> >>FY2016 Q2 Total Free Cash Flow: JPY 4.4 bn. (Unit : Billions of JPY) 15.2 14.5 15.0 9.9 10.8 10.0 6.9 5.0 0.1 0.2 0.0 ▲1.3 ▲1.1 ▲1.5 ▲1.0 ▲2.0 ▲1.5 ▲ 0.9 -5.0 ▲1.6 ▲2.2 ▲ 2.5 -10.0 ▲7.5 ▲10.3 ▲ 14.9 ▲11.0 -15.0 2015/3 Q1 2015/3 Q2 2015/3 Q3 2015/3 Q4 2016/3 Q1 2016/3 Q2 2
Slide 17: Interest-bearing Debt <Consolidated>
Interest-bearing Debt <Consolidated> (Unit: Billions of JPY) 1,400 1,200 1,000 800 600 400 200 0 FY FY2013 FY2014 FY2015 FY2016 2010 Jun. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Interest-bearing 131.0 39.3 45.9 76.9 70.4 78.6 64.9 50.7 41.3 41.3 52.0 41.7 39.6 56.5 41.6
Slide 18: 4. FY2016 Business Forecast
1. FY2016 Q2 Business Results 2. Business Situation in 3 segments <SE, GP, FT> 3. Financial Situation 4. FY2016 Business Forecast 5. Three-year Medium-term Management Plan “Challenge2016” <Interim Report> 6. A Response to Corporate Governance Code
Slide 19: Business Forecast for FY2016 <Consolidated>
Business Forecast for FY2016 <Consolidated> FY2015 FY2016 Full 1st H 2nd H Forecast Full Forecast Unit Billions of JPY Result Result Aug. 10 Nov. 9 Aug. 10 Nov. 9 Net Sales 237.6 129.8 123.0 119.2 249.0 249.0 SE 157.4 81.9 79.0 76.0 159.0 158.0 GP 55.7 31.3 29.5 27.6 59.0 59.0 FT 23.7 15.9 13.5 15.0
Slide 20: 5. Challenge2016 Interim Report
1. FY2016 Q2 Business Results 2. Business Situation in 3 segments <SE, GP, FT> 3. Financial Situation 4. FY2016 Business Forecast 5. Three-year Medium-term Management Plan “Challenge2016” <Interim Report> 6. A Response to Corporate Governance Code
Slide 21: Three-year Medium-term Management Plan and its Directions
Three-year Medium-term Management Plan “Challenge2016”<Interim Report> Three-year Medium-term Management Plan and its Directions <Challenges in May 2014 on release> Directions to move Three targets forward 1. To complete earnings structure reforms - Operating income to net sales of 10% or above in t
Slide 22: Challenge2016 Target 1: Complete earnings structure reforms
Three-year Medium-term Management Plan “Challenge2016”<Interim Report> Target 1: To complete earnings structure reforms - Operating income to net sales of 10% or above in the final year of the plan 10.0% 10.0% 7.8% 7.2% 5.0% 3.8% 0.0% FY2014 FY2015 FY2016 Forec as t FY2017 Target Future focused them
Slide 23: Challenge2016 Target 2: Launch businesses in new fields
Three-year Medium-term Management Plan “Challenge2016”<Interim Report> Target 2. To launch businesses in new fields - Generate profits in the four new business fields in the final year of the plan Currently keep moving toward the commercialization Have already released the technology and product in
Slide 24: Challenge2016 Target 3: Strengthen financial standing
Three-year Medium-term Management Plan “Challenge2016”<Interim Report> Target 3: To strengthen financial standing - An equity ratio of 50% or above by March 31, 2017 >>Changes in equity ratio 44.4% 44.2% 37.2% 34.4% 36.7% 32.8% FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Q2 Future focused theme >> To
Slide 25: 6. A Response to Corporate Governance Code
1. FY2016 Q2 Business Results 2. Business Situation in 3 segments <SE, GP, FT> 3. Financial Situation 4. FY2016 Business Forecast 5. Three-year Medium-term Management Plan “Challenge2016” <Interim Report> 6. A Response to Corporate Governance Code
Slide 26: A Response to Corporate Governance Code
A Response to Corporate Governance Code The SCREEN Group takes an approach to corporate governance to pursue the transparency, soundness, efficiency and speed of corporate management, and aims to enhance corporate value in a medium- and long- term perspective with efforts to secure all stakeholders’
Slide 27: A Response to Corporate Governance Code
A Response to Corporate Governance Code 3) A Holding Company’s Board of Directors <Function> To establish basic policies and basic strategy for the Group management To decide and approve important matters with regard to the Group To oversee the Group business execution <Form> Clearly stated that “Ou
Slide 28: A Response to Corporate Governance Code
A Response to Corporate Governance Code >> Corporate Governance Structure
Slide 29: Fit your needs, Fit your future
Fit your needs, Fit your future