Tamron Co., Ltd. · TSE:7740

Tamron — Q2 FY2021 Earnings Presentation

26 slides from Tamron's earnings presentation, Aug 6, 2021

  1. Slide 1: 2nd Quarter FY2021 Financial Results

    2nd Quarter FY2021 Financial Results August 6, 2021 Tamron Co., Ltd. (Code: 7740) Tamron Co., Ltd.

  2. Slide 2: Contents

    Contents I. 1st Half Summary III. FY2021 Financial Forecast 1. 1st Half Summary 1. FY2021 Financial Forecast 2. FY2021 Forecast 2. FY2021 Forecast by Segment ①Photographic Products II. 1st Half Financial Results ②Surveillance & FA Lenses 1. 1st Half Financial Results ③Mobility & Healthcare Products,

  3. Slide 3: I. FY 2021 Summary

    I. FY 2021 Summary Copyright © Tamron Co., Ltd. All rights reserved. 3

  4. Slide 4: I-1. 1st Half Summary

    I-1. 1st Half Summary 【Business Environment】 ➢ Market environment: The markets for interchangeable lens cameras and interchangeable lenses recovered significantly from the same period of the previous fiscal year, when they declined approx. 50% year on year. ・Interchangeable lens cameras: Up 38% in t

  5. Slide 5: I-2. FY2021 Forecast

    Ⅰ-２. FY2021 Forecast 【Business Environment in 2nd Half】 ➢ Market environment: While the market environment will be on a recovery trend, the market growth rate is expected to subside compared to the 1st half. There is a concern about component supply due to tight supply and demand for semiconductors.

  6. Slide 6: II. 1st Half Financial Results

    II. 1st Half Financial Results Copyright © Tamron Co., Ltd. All rights reserved. 6

  7. Slide 7: II-1. 1st Half Financial Results

    II-1. 1st Half Financial Results ➢ Operating income increased significantly, rising 4.4 times from the year-ago level, on a significant increase in net sales, which grew by more than 30%, and an improvement in the gross profit margin of 2 percentage points. ➢ Both sales and profits far exceeded the

  8. Slide 8: II-2. 1st Half Performance Variation Factors

    II-2. 1st Half Performance Variation Factors 3,658 340 ※Ref. Impact of exchange rate on net sales: +420 million JPY 2,510 828 (510) 270 220 Actual Increase of Decrease of F X r a te Increase Gross profit A c tu a l 1st H FY20 Expenses A m o r ti z a ti o n Impact of Sales m a r g i n u p , e tc . 1s

  9. Slide 9: II-3. 1st Half Results by Segment: Photographic Products

    II-3. 1st Half Results by Segment ①Photographic Products FX Impact Forecast Inc/Dec Inc/Dec Actual Actual vs. 1st H (millions of JPY) (YoY) (vs. Forecast) 1st H FY21 FY20 1st H FY20 1st H FY21 *Apr. 28 Amounts Ratio Amounts Amounts Ratio Net sales 13,549 17,900 19,847 +6,298 +46.5% +400 +1,947 +10.9

  10. Slide 10: II-3. 1st Half Results by Segment: Surveillance & FA Lenses

    II-3. 1st Half Results by Segment ②Surveillance & FA Lenses FX Impact Inc/Dec Inc/Dec (millions of JPY) Actual Forecast Actual vs. 1st H (YoY) (vs. Forecast) 1st H FY21 FY20 1st H FY20 1st H FY21 *Apr. 28 Amounts Ratio Amounts Amounts Ratio Net sales 4,667 4,800 4,678 +10 +0.2% +30 (121) (2.5)% Oper

  11. Slide 11: II-3. 1st Half Results by Segment: Mobility & Healthcare Products, Others

    II-3. 1st Half Results by Segment ③Mobility & Healthcare Products, Others FX Impact Forecast Inc/Dec Inc/Dec (millions of JPY) Actual Actual vs. 1st H (YoY) (vs. Forecast) 1st H FY21 FY20 1st H FY20 1st H FY21 *Apr. 28 Amounts Ratio Amounts Amounts Ratio Net sales 2,679 3,100 3,362 +683 +25.5% (10)

  12. Slide 12: III. FY2021 Financial Forecast

    III. FY2021 Financial Forecast Copyright © Tamron Co., Ltd. All rights reserved. 12

  13. Slide 13: III-1. FY2021 Financial Forecast

    III-1. FY2021 Financial Forecast ➢ While risks such as another wave of COVID-19 infections and risks in terms of component supply are seen, the company made an upward revision, partly reflecting the 1st half results. (In particular, profits were revised up by double digits.) ➢ Net sales are expected

  14. Slide 14: III-2. FY2021 Forecast by Segment: Photographic Products

    III-2. FY2021 Forecast by Segment ①Photographic Products Forecast Revised Inc/Dec Inc/Dec Actual (YoY) (vs. Forecast) (millions of JPY) FY21 Forecast FY20 *Apr. 28 FY21 Amounts Ratio Amounts Ratio Net sales 33,569 38,900 40,800 +7,230 +21.5% +1,900 +4.9% Operating 5,320 6,850 7,400 +2,079 +39.1% +55

  15. Slide 15: Photographic Products - New Models

    Photographic Products - New Models Classification 2019 2020 2021 Launched Launched Launched Single in Dec. in Dec. in Jan. Fixed 24mm F/2.8 35mm F/2.8 20mm F/2.8 OSD M1:2(F050) OSD M1:2 (F051) OSD M1:2 (F053) Launched Launched Wide in Jul. in Jun. Zoom 17-28mm F/2.8 RXD (A046) 11-20mm F/2.8 RXD(B060

  16. Slide 16: III-2. FY2021 Forecast by Segment: Surveillance & FA Lenses

    III-2. FY2021 Forecast by Segment ②Surveillance & FA Lenses Forecast Revised Inc/Dec Inc/Dec (millions of JPY) Actual (YoY) (vs. Forecast) FY21 Forecast FY20 *Apr. 28 FY21 Amounts Ratio Amounts Ratio Net sales 9,069 11,300 10,000 +930 +10.3% (1,300) (11.5)% Operating 577 700 550 (27) (4.7)% (150) (2

  17. Slide 17: III-2. FY2021 Forecast by Segment: Mobility & Healthcare Products, Others

    III-2. FY2021 Forecast by Segment ③Mobility & Healthcare Products, Others Forecast Revised Inc/Dec Inc/Dec (millions of JPY) Actual (YoY) (vs. Forecast) FY21 Forecast FY20 *Apr. 28 FY21 Amounts Ratio Amounts Ratio Net sales 5,735 5,900 6,200 +464 +8.1% +300 +5.1% Operating 359 450 600 +240 +66.9% +1

  18. Slide 18: III-3. Activities for ESG / Process to increase corporate value

    III-3. Activities for ESG/ Prosses to increase corporate value Copyright © Tamron Co., Ltd. All rights reserved. 18

  19. Slide 19: III-3. Activities for ESG / Environmental Vision

    III-3. Activities for ESG/ Environmental Vision Copyright © Tamron Co., Ltd. All rights reserved. 19

  20. Slide 20: IV. Reference Data

    IV. Reference Data Copyright © Tamron Co., Ltd. All rights reserved. 20

  21. Slide 21: IV-1. Financial Summary

    IV-1. Financial Summary (millions of JPY) Dec 31, Jun 30, Change (vs. 2020 2021 previous Inventories Year-end) Inventories Turn over (Months) 15,000 2.8 3.0 Cash & Deposits 21,417 24,737 +3,319 Notes & Accounts 10,000 1.9 1.9 2.0 10,318 11,316 +997 Receivable Inventories 8,604 9,040 +436 5,000 1.0 9

  22. Slide 22: IV-2. Capital Investment, Depreciation, and R&D Expenses

    IV-2. Capital Investment, Depreciation, and Research & Development Expenses Capital Investment / Depreciation R&D Expenses (Ratio of R&D Expenses (millions of JPY) Capital Ivestment Depreciation (millions of JPY) /Net Sales) 6,000 6,000 12% 9.7% 5,000 5,000 10% 8.8% 8.3% 4,000 4,000 7.1% 8% 3,562 6.

  23. Slide 23: IV-3. Cash Flow Situation

    IV-3. Cash Flow Situation (millions of JPY) 1st H FY20 FY20 1st H FY21 12,000 Operating CF 8,000 Investing CF 7,554 3,206 3,992 Free CF 4,000 3,345 Financing CF 0 (632) (831) (646) (4,000) (2,112) (4,780) (8,000) (7,890) (12,000) (11,096) (12,334) (16,000) 1st H FY20 FY20 1st H FY21 Cash Flow from O

  24. Slide 24: IV-4. Cash Dividends Outlook & Key Performance Indicators

    IV-4. Cash Dividends Outlook & Key Performance Indicators （JPY） Dividends （JPY） Key Performance Indicators 80 80% 250 EPS 12% Year-End Dividend 11.0% Interm Dividend ROE Dividend Payout Ratio ROA 9.8% 200 9.1% 60 56.3% 60% 10.1% 9% 45.7% 8.6% 150 6.6% 8.2% 5.9% 40 35.8% 40% 6% 32.8% 32.2% 100 5.8% 2

  25. Slide 25: IV-5. Impact of Foreign Exchange Rate Fluctuations

    IV-5. Impact of Foreign Exchange Rate Fluctuations ①Actual 1st Half FY2021 (millions of JPY) Exchange rate Impact Actual Actual Operating Net sales 1st H FY20 1st H FY21 Income USD 108.24 107.82 (80) +10 EUR 119.36 129.92 +330 +280 Others - - +170 (20) Total - - +420 +270 (Impact on previous year pe

  26. Slide 26: Disclaimer

    Disclaimer 1. The purpose of this material is to provide information on the actual results for 1st Half of FY2021 and future business strategies. It is not an offer or a solicitation of an offer to buy or sell securities. 2. This material and the information provided verbally in the company's presen

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