Slide 1: Business Result FY2016 2Q (1H)
【 Code No：6728】 Business Result FY2016（Year Ending June 30, 2017) 2Q (1H) ULVAC,Inc. 14 th Feb.,2017 FY162QPSN20170214E Copyright ©2017,ULVAC,Inc.All rights reserved Page 1
Slide 2: Disclaimer regarding forward-looking statements
Disclaimer regarding forward-looking statements Forward-looking statements of the company in these presentations are based on information available at the time these documents were prepared. ULVAC’s customers in the flat-panel display (FPD), Solar cell, semiconductor, and electronic parts industries
Slide 3: Overview of Business Results for FY2016 2Q (First Half)
Over view of Business Results for FY2016 2Q （First Half） FY162QPSN20170214E Copyright ©2017,ULVAC,Inc.All rights reserved Page 3
Slide 4: Highlights of Business Results for FY2016 2Q (1H)
Overview of Business Results Market Environment and for FY2016 2Q（1H） Outlook for FY2016 ULVACʼs Strengths Highlights of Business Results for FY2016 2Q (1H) Orders received: 111.8 billion yen （Up 20% compared to original estimations） -Investments in large-sized TVs (LCD), OLED, semiconductor memor
Slide 5: Orders received, net sales and all profit items exceeded the same period last year
Overview of Highlights of Business Market Environment and Results for FY2016 2Q（1H） Outlook for FY2016 ULVACʼs Strengths Orders received, Net sales, and all profit items exceeded those for the same period of last year. Net sales： Increased by 9% YoY mainly due to an increase in FPD production equipm
Slide 6: Transition of Net sales and Operating profit
Overview Highlights of Business Results for FY2016 2Q (１H) Market Environment and (Transition of Net sales and Operating profit） ULVACʼs Strengths Outlook for FY2016 Both B th NNett sales l andd Operating O ti profit fit remained i d robust, b t and d Operating O ti profit achieved the record high p
Slide 7: Orders received and net sales by segment
Overview Highlights of Business Results for FY2016 2Q (1H) Market Environment and (Results of orders received and net sales by segment） ULVACʼs Strengths Outlook for FY2016 The total orders received marked an increase The total net sales marked an increase of 6% YoY. of 9% YoY. ・FPD production equip
Slide 8: Composition of orders received by application
Overview Highlights of Business Results for FY2016 2Q (1H) Market Environment and (Composition of orders received by application) ULVACʼs Strengths Outlook for FY2016 Orders received for large LCD panel production equipment in Increased orders received mainly for semiconductor FY2015 that were previ
Slide 9: Transition of orders received and net sales by segment
Overview Highlights of Business Results for FY2016 2Q (1H) Market Environment and (Transition of orders received and net sales by segment） ULVACʼs Strengths Outlook for FY2016 Both Orders received and Net sales marked 2 consecutive quarters of growth 【Unit:Bn.Yen】 Orders Received 【Unit:Bn.Yen】 Net S
Slide 10: Transition of profitability
Overview Highlights of Business Results for FY2016 2Q (1H) Market Environment and (Transition of profitability） ULVACʼs Strengths Outlook for FY2016 Both Gross profit margin ratio and Operating profit margin ratio grew higher. Operating profit margin ratio improved to 12.9%. Gross profit margin rati
Slide 11: Consolidated balance sheets
Overview Highlights of Business Results for FY2016 2Q (1H) Market Environment and (Consolidated balance sheets） ULVACʼs Strengths Outlook for FY2016 Due to the increase of net sales sales, “notes notes and accounts receivable, receivable trade trade” increased by 14 14.6 6 billion yen yen, “notes an
Slide 12: Results of Interest-bearing debt and FCF
Overview Highlights of Business Results for FY2016 2Q (1H) Market Environment and (Results of Interest-bearing debt and FCF） ULVACʼs Strengths Outlook for FY2016 Debt to total assets ratio fell to 23.5%. Debt-to-total Equity increased by 12.3 billion yen to 85.2 billion yen. Equity ratio improved to
Slide 13: Market Environment and ULVAC's Strengths
Market Environment and U LVA C ʼs S t r e n g t h s FY162QPSN20170214E Copyright ©2017,ULVAC,Inc.All rights reserved Page 13
Slide 14: Market Environment (FPD): Revised upward capital expenditure forecast
Market Environment Overview of Highlights of Business Results for FY2016 2Q (FPD） Outlook for FY2016 Revised significantly upward our forecast for capital expenditures for FPD production equipment Capital expenditure programs will remarkably accelerate toward 2018, due to an increase in investment i
Slide 15: Increase in demand for large-sized TVs over 50 inches
Market Environment and Overview of Highlights of ULVACʼs Strengths Business Results for FY2016 2Q (FPD/Large TV） Outlook for FY2016 An increase in demand for large-sized large sized TVs over 50 inches in size → Capital expenditures for G10.5 (2.9 m × 3.4 m) large-sized TVs are in good shape, mainly
Slide 16: Launched production in China of large-sized FPD equipment before competitors
Market Environment and Overview of Highlights of ULVACʼs Strengths Business Results for FY2016 2Q (FPD/Large TV） Outlook for FY2016 Large-scale L l sputtering i system for glass-made building materials Sputtering system Sputtering system for for G4.5 LCD G8.5 LCD Clean rooms of the Suzhou factory in
Slide 17: Market Environment (FPD/OLED): Sharp increase in OLED panel demand
Market Environment Overview of Highlights of Business Results for FY2016 2Q (FPD/OLED） Outlook for FY2016 A sharp increase in demand for OLED panels for smartphones ⇒ An increase in capital expenditures for OLED panels Forecast off shipment hi quantity i off medium di and d Forecast of capital expen
Slide 18: Overview of ULVAC's Strengths (FPD/OLED)
Market Environment and Overview of Highlights of Business Results for FY2016 2Q ULVACʼs Strengths (FPD/OLED） Outlook for FY2016 ・Provide Provide equipment for principal deposition processes ・Provide total solutions with equipment, processes, components, field supports Deposition equipment LTPS（IGZO）
Slide 19: Significantly increased cryopump shipments for OLED
Market Environment and Overview of Highlights of Business Results for FY2016 2Q ULVACʼs Strengths (FPD/OLED） Outlook for FY2016 Significantly increased cryopumps shipments for OLED ⇒ almost all market share Transition of cryopumps shipments for OLED ULVACʼS Strength ① The design is adaptable to seve
Slide 20: Market Environment: Semiconductors and electronic devices equipment
Overview of Highlights of Market Environment Business Results for FY2016 2Q (Semiconductors and Electronic devices） Outlook for FY2016 Increasing sales for semiconductors and electronic devices production equipment Semiconductors： An increase in investment in 3D- NAND Electronic devices：Showed sign
Slide 21: ULVAC's manufacturing equipment for semiconductors and electronic devices
Market Environment and Overview of Highlights of ULVACʼs Strengths Business Results for FY2016 2Q (Semiconductors and Electronic devices） Outlook for FY2016 ＜ULVACʼs ＜ULVAC s manufacturing equipment for semiconductors and electronic devices＞ Expanding demand for Sputtering network servers and mobile
Slide 22: ULVAC's manufacturing equipment for semiconductors and electronic devices
Market Environment and Overview of Highlights of ULVACʼs Strengths Business Results for FY2016 2Q (Semiconductors and Electronic devices） Outlook for FY2016 ＜ULVACʼs ＜ULVAC s manufacturing equipment for semiconductors and electronic devices＞ PcRAM is ahead of other types of NVM in terms of mass prod
Slide 23: Outlook for FY2016
Outlook for FY2016 FY162QPSN20170214E Copyright ©2017,ULVAC,Inc.All rights reserved Page 23
Slide 24: Outlook for FY2016
Overview of Highlights of Market Environment and Outlook for FY2016 Business Results for FY2016 2Q ULVACʼs Strengths Order received and net sales are revised upward upward, because those are estimated that the trend of exceeding original estimations, which are started in 1H, shall continue even in 2
Slide 25: Outlook for FY2016
Overview of Highlights of Market Environment and Outlook for FY2016 Business Results for FY2016 2Q ULVACʼs Strengths Estimations of Net sales and Operating profits for both 1H and 2H are revised upward compared to the original estimations. 【Unit:Bn.Yen】 120.0 112.0 20.0 +11.0 106.5 102.8 101.0 Sales
Slide 26: Transition and forecast of orders received and net sales by segment
Overview of Highlights of Market Environment and Outlook for FY2016 （Transition and forecast of orders received and net sales Business Results for FY2016 2Q ULVACʼs Strengths by segment) 【Unit:Bn.Yen】 Orders received 【Unit:Bn.Yen】 Net Sales Forecast Forecast 250 250 16.6 16 4 16.4 16.5 14.8 200 15.8