Orix Corporation · TSE:8591
Orix — Q1 FY2005 Earnings Presentation
17 slides from Orix's earnings presentation, August 2004
Slide 1: Slide 1
Slide 2: Contents and IR contact information
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 URL:http://www.orix.co.jp URL:http://www.orix.co.jp/grp/ir_j/ir_index.htm URL:http://www.orix.co.jp/grp/ir_j/data/report/index.htm 1998 3 5 105-8683 TEL FAX E-mail orixir@orix.co.jp SEC 20-F Risk Factors
Slide 3: Financial highlights
2003.4-6 2004.4-6 169,335 193,313 23,978 14% 24,582 37,075 12,493 51% 14,098 23,527 9,429 67% 168.45 281.05 112.60 67% 158.71 263.42 104.71 66% 2004.3 2004.6 4,849,194 4,852,290 3,096 0% 5,624,957 5,651,018 26,061 0% 2004.3 2004.6 D/E 6.8 6.5 10.0% 10.5% 2003.4-6 2004.4-6 ROE 10.9% 16.2% ROA 0.95% 1
Slide 4: Segment results
800,000 585,988 590,044 600,000 400,000 200,000 0 2003.4-6 2004.4-6 2003.4-6 2004.4-6 2003.4-6 1Q 1Q 212,175 188,262 (23,913) -11% 158,176 150,035 (8,141) -5% 53,999 38,227 (15,772) -29% 188,194 166,937 (21,257) -11% 138,479 130,715 (7,764) -6% 49,715 36,222 (13,493) -27% 270,959 307,530 36,571 13%
Slide 5: Segment assets
6,000,000 4,849,194 4,852,290 4,000,000 2,000,000 0 2004.3 2004.6 : 2004.3 2004.3 2004.6 1,453,575 1,454,461 886 0% 1,183,187 1,183,421 234 0% 270,388 271,040 652 0% 2,234,940 2,221,554 (13,386) -1% 1,984,416 1,997,881 13,465 1% 250,524 223,673 (26,851) -11% 536,702 529,078 (7,624) -1% 388,452 385,5
Slide 6: Quarterly segment revenues and profits
2002.7-9 2002.10-12 2003.1-3 2003.4-6 2003.7-9 2003.10-12 2004.1-3 2004.4-6 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 325,817 213,620 223,680 212,175 186,370 215,975 187,267 188,262 274,881 149,193 161,755 158,176 139,969 172,006 148,301 150,035 50,936 64,427 61,925 53,999 46,401 43,969 38,966 38,227 297,122 187,555
Slide 7: Revenues
300,000 193,313 200,000 169,335 100,000 0 2003.4-6 2004.4-6 : 2003.4-6 2004.4-6 2003.4-6 1Q 1Q 28,516 27,399 (1,117) -4% 21,906 21,698 (208) -1% 6,610 5,701 (909) -14% 30,747 36,007 5,260 17% 21,789 26,928 5,139 24% 8,958 9,079 121 1% 28,314 29,904 1,590 6% 25,729 27,204 1,475 6% 21,082 23,383 2,301
Slide 8: Expenses
200,000 148,137 161,831 100,000 0 2003.4-6 2004.4-6 : 2003.4-6 2004.4-6 2003.4-6 1Q 1Q 16,206 14,180 (2,026) -13% 20,505 23,108 2,603 13% 29,326 27,965 (1,361) -5% 20,372 11,803 (8,569) -42% 10,217 35,610 25,393 249% 37,489 39,074 1,585 4% 11,968 8,795 (3,173) -27% - - - - 1,506 1,468 (38) -3% 548 (
Slide 9: Net income
60,000 37,075 40,000 24,582 23,527 20,000 14,098 0 2003.4-6 2004.4-6 2003.4-6 2004.4-6 2003.4-6 1Q 1Q 21,198 31,482 10,284 49% 3,384 4,754 1,370 40% - 839 839 - 24,582 37,075 12,493 51% 11,276 16,287 5,011 44% 13,306 20,788 7,482 56% 1,338 4,569 (546) (1,830) 792 2,739 1,947 246% - - - - 14,098 23,5
Slide 10: Quarterly revenue trends
2002.7-9 2002.10-12 2003.1-3 2003.4-6 2003.7-9 2003.10-12 2004.1-3 2004.4-6 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 32,737 29,880 29,569 28,516 28,349 27,503 28,004 27,399 24,854 22,503 22,099 21,906 21,865 21,462 21,695 21,698 7,883 7,377 7,470 6,610 6,484 6,041 6,309 5,701 29,463 30,664 33,176 30,747 30,858 34,07
Slide 11: Income detail
2003.4-6 2004.4-6 2003.4-6 1Q 1Q 9,345 13,040 3,695 40% 1,520 2,302 782 51% 3,018 4,906 1,888 63% (392) 1,879 2,271 - 1,177 6,374 5,197 442% 4,204 5,679 1,475 35% (258) 255 513 - 18,614 34,435 15,821 85% 2003.4-6 2004.4-6 2003.4-6 1Q 1Q 8,160 6,515 (1,645) -20% 2,131 1,210 (921) -43% 10,291 7,725 (2
Slide 12: Revenues and net income by segment
: 2003.4-6 2004.4-6 2003.4-6 1Q 1Q 30,993 33,865 2,872 9% 16,980 20,377 3,397 20% 10,937 16,538 5,601 51% 37,239 37,238 (1) 0% 30,590 30,260 (330) -1% 16,231 32,772 16,541 102% 142,970 171,050 28,080 20% 11,313 10,086 (1,227) -11% 12,857 13,004 147 1% 2,606 2,265 (341) -13% 26,776 25,355 (1,421) -5%
Slide 13: Quarterly segment revenues
: 2002.7-9 2002.10-12 2003.1-3 2003.4-6 2003.7-9 2003.10-12 2004.1-3 2004.4-6 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 33,079 31,147 29,869 30,993 33,269 31,086 33,007 33,865 16,734 16,899 17,789 16,980 17,717 18,647 21,026 20,377 11,708 11,252 14,634 10,937 13,011 14,723 16,121 16,538 26,331 30,305 28,835 37,239 29
Slide 14: Asset quality and credit data
1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 03.6 03.9 03.12 04.3 04.6 03.6 03.9 03.12 04.3 04.6 71.7% 73.8% 74.3% 74.7% 73.0% 47.9% 46.6% 46.8% 47.5% 49.7% 28.3% 26.2% 25.7% 25.3% 27.0% 52.1% 53.4% 53.2% 52.5% 50.3% 90 90 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 03.6 03.9 03.12 04.3 04.6 03.6 03.9 03.12 04.3 04.6 46,667 42,
Slide 15: Investment in direct financing leases and loans
2002.9 2002.12 2003.3 2003.6 2003.9 2003.12 2004.3 2004.6 667,161 664,847 593,171 566,487 572,392 546,343 483,636 452,719 730,067 723,110 527,263 553,710 394,790 393,519 420,280 515,561 1,397,228 1,387,957 1,120,434 1,120,197 967,182 939,862 903,916 968,280 1,529,973 1,575,866 1,593,879 1,640,406 1,
Slide 16: Real estate-related loans and CMBS
2002.9 2002.12 2003.3 2003.6 2003.9 2003.12 2004.3 2004.6 1,725,899 1,688,086 1,620,648 1,632,585 1,590,209 1,593,982 1,510,856 1,509,248 93,367 93,052 93,002 91,788 89,166 91,597 84,582 84,533 23,260 23,093 23,286 23,298 22,858 22,078 21,379 20,802 (172,903) (169,737) (164,628) (165,518) (160,061)
Slide 17: Supplementary data
2002.9 2002.12 2003.3 2003.6 2003.9 2003.12 2004.3 2004.6 324,365 328,203 314,465 334,487 259,740 212,386 193,384 209,393 67 182 550 202 204 187 238 217 37,803 26,490 26,885 28,624 31,664 36,249 38,187 38,599 362,235 354,875 341,900 363,313 291,608 248,822 231,809 248,209 208,748 223,869 237,905 229