Mirait One Corporation · TSE:1417
Mirait One — MIRAIT Holdings — Q2 FYE 3/2022 Earnings Presentation
34 slides from Mirait One's earnings presentation, Nov 24, 2021
Slide 1: Financial Results Presentation for Q2 FYE 3/2022 (Appendix)
Financial Results Presentation for Q2 FYE 3/2022 (Appendix) November 24, 2021 MIRAIT Holdings Corporation
Slide 2: Table of Contents
Table of Contents 1. Overview of MIRAIT Holdings ･･･ ２ 2. Historical Performance ･･･ ３― ４ 3. Financial Results ･･･ ５ 4. Orders Received, Net Sales and Construction account carried forward ･･･ ６ 5. NTT Business ･･･ ７― ９ 6. Multi-carrier Business ･･･１０―１３ 7. Environmental & Social Innovation Business
Slide 3: 1. Overview of MIRAIT Holdings
1. Overview of MIRAIT Holdings (As of September 30, 2021) Established October 1, 2010 Location 5-6-36 Toyosu, Koto-ku, Tokyo President (CEO) Toshiki Nakayama Stock listing 1st Section of the Tokyo Stock Exchange (Code: 1417) Telecommunications engineering work, electrical work, civil engineering wor
Slide 4: 2. Historical Performance
2. Historical Performance (Unit: bil. yen) (Unit: bil. yen) 500 35.0 Integration of regional 250 telecommunication 17.5 construction companies Profit decline due to unprofitable projects ⇒Tightened criteria for receiving orders ⇒Tightened management of projects 0 2011.3 2012.3 2013.3 2014.3 2015.3 2
Slide 5: 2. Historical Performance
2. Historical Performance ※（ ） indicates results for the MIRAIT Group (Mirait, Mirait Technologies and Lantrovision(S) Ltd.) excluding the impact from the merged companies. FYE March 2022 Unit: bil. yen FYE March 2018 FYE March 2019 FYE March 2020 FYE March 2021 (Forecast) 392.6 446.5 Orders receive
Slide 6: 3. Financial Results
3. Financial Results FYE March 2021 FYE March 2022 FYE March 2021 FYE March 2022 Units: bil. yen YoY Change Full-year Full-year Q2 actual results Q2 actual results Progress Progress Amount % Results Forecast (a) (b) (a)／(c) (b)／(d) (b)－(a) (b)／(a) (c) (d) Orders received 229.1 249.6 + 20.5 + 8.9% 47
Slide 7: 4. Orders Received, Net Sales and Construction account carried forward
4. Orders Received, Net Sales and Construction account carried forward FYE March 2021 FYE March 2022 FYE March 2021 FYE March 2022 Orders received Q2 actual Q2 actual YoY Change Full-year Full-year Progress Progress results results Amount % Results Forecast Units: bil. Yen (a)／(c) (b)／(d) (a) (b) (b
Slide 8: 5. NTT Business
５. NTT Business Construction, maintenance and operation of fixed communication facilities of NTT. Centered on the Greater Tokyo and Kansai regions. （ Net sales ） Capital investments by NTT East and NTT West （Unit: bil. yen） （Unit: bil. yen） 156.3 157.0 160.0 128.3 100.5 549.6 541.0 527.4 522.5 510
Slide 9: Productivity gains
Developing multi-skilled engineers Reducing costs and securing workforce Expand from maintenance to construction work and indirect operations Productivity gains 8
Slide 10: Ensure completion of projects
Advanced wireless environment business Projects to be completed this fiscal year thanks to group-wide collaboration Execute construction work by adjusting utilization of capacity at JVs Ensure completion of projects 9
Slide 11: 6. Multi-carrier Business
６. Multi-carrier Business Nationwide works on construction, maintenance and operation of communications facilities of all mobile carriers. Fixed communication equipment for NCCs, CATV work, global business. （ Net sales ） （Unit: bil. yen） （Unit: bil. yen） Docomo KDDI Soft Bank RAKUTEN 105.0 97.2
Slide 12: Mobile market trends
Mobile market trends 140,000 140,000 No of ５G base stations installed docomo 280,000 KDDI・SoftBank 32,000 (end FY23) 50,000 (end FY22) Regional deployment (end FY21) of ICT infrastructure SoftBank Master Plan3.0 docomo KDDI 20,000 docomo MIC (end Q2 FY21) 20,000(end FY21) 63,000 KDDI・SoftBank docomo
Slide 13: Consolidation/integration of mobile-related work
Consolidation/ integration of mobile-related work Mobile-related subs of MIRAIT Group reorganized into 2 companies to promote efficiency through integration of operational workflow Reorganized as of July 2021 contractor Primary Mobile business Transfer of business New Company New Company Mirait Mobi
Slide 14: Opened Local 5G Solution Co-Creation Labo with NTT docomo
Local 5G －Solution Co-Creation Labo－ Opened Local 5G Solution Co-Creation Labo with NTT docomo 5G-related tests for partner Creating new solutions Use of advanced Launched of “5G Labo” company products through collaboration technologies (MIRAIT Shin-Kiba Building) 5G Raise awareness of local 5G Show
Slide 15: 7. Environmental & Social Innovation Business
7. Environmental & Social Innovation Business Offering comprehensive solutions for the construction and maintenance of environmental/ new energy-related facilities, social infrastructure, electrical/ air conditioning facilities, etc. （ Net sales ） （ Breakdown of net sales ） （Unit: bil. yen） （Unit:
Slide 16: EV charger installment track record
EV Charger Installment One of top Japanese companies in terms of track record for EV charger installment work ○EV charger installation in NTT station parking lots NTT Station Repairs, remote monitoring Operation check EVs Utility poles After installation 15
Slide 17: Initiatives for underground power line projects
Initiatives for underground power line projects Adopted various new construction methods for work in narrow roads 【Key features】 ・Use of large construction machinery difficult due to requirement to preserve landscape ・New methods adopted to shorten the construction period. Reducing space undergroud
Slide 18: 8. ICT Solution Business
８. ICT Solution Business Support to create ICT infrastructure such as cloud, office solutions, Wi-Fi and broadcasting networks. （ Net sales ） （ Breakdown of net sales ） （Unit: bil. yen） （Unit: bil. yen） Stock Business Lantrovision LAN・PBX Broadcasting Wi-Fi Software Goods Sales, Other 150.3 153.5 1
Slide 19: DX (1) - Electronic Shelf Tag System
DX (1) －Electronic Shelf Tag System－ ・Installment completed at Bic Camera and Sofmap; targeting further business expansion ・Combining online and offline stores to create the next-generation retail sales environment ⇒Offering a new shopping experience and communication tool for customers Price Coordi
Slide 20: DX (2) - Construction DX
DX (2) －Construction DXー ・Established “Infrastructure DX Social Lab” and “Infrastructure DX Center” for MLIT’s Chubu Region Development Bureau, providing DX planning/ design/ construction, promotion and staff training services ・New business creation through the combination of real and virtual enviro
Slide 21: DX (3) - Building ICT environment at luxury hotels
DX (3) －Building ICT environment at luxury hotelsー Built ICT environment for a luxury hotel with NTT Communications ⇒Contributed to hotel DX Guest room management ・Room status ・In-room orders ・Electricity control Example） ROKU KYOTO, LXR Hotels & Resorts （Opened September 16, 2021） 【Construction wor
Slide 22: Initiatives in datacenter business
Initiatives in datacenter business Expanding services using know-how accumulated through the operation of own DC Operation of own DC and datacenter leasing business (“DC in DC”) 6/2018: Launched operations at Osaka No 1. Datacenter 5/2019: All floors occupied and running at full capacity Know-how f
Slide 23: Initiatives in drone business
Initiatives in drone business Expand service line-up through business alliances, targeting markets such as facility inspection, measurement, agriculture and disaster prevention/ recovery Miratec Drone Corp. to lead the deployment of drone business across the MIRAIT Group ①Human resources/ locations
Slide 24: Lantrovision business strategy
Initiatives in global businesses Group net sales forecast for FYE 3/22: 21.4 bil. yen(+ 1.7 bil. yen yoy) （ICT category（Lantrovision） 18.4 bil. yen, Multi-carrier category (Australia) 3.0 bil. yen） Lantrovision business strategy ・Recover and stably grow core businesses (cabling)/ expand business dom
Slide 25: 9. ESG Initiatives: Environment
９. ESG Initiatives E Environment ● ISO14001 certification achieved for environmental management system ●Protection of biodiversity ⇒Contributing to the environment through continued forest preservation activities, etc. ●Climate change initiatives ⇒Work to build renewable energy-related facilities ac
Slide 26: S Society
S Society ● ISO45001 certification achieved for occupational health & safety management ●Well-being and safety ⇒Patrolling for safety ⇒Training to experience danger ⇒Support to manage physical well-being and mental health ●Human rights and community ⇒Building of social infrastructure （telecom/ surve
Slide 27: G Governance
G Governance ●Complied with all 78 items stipulated in the Corporate Governance Code（before amendment, June 2020） ●Corporate governance ⇒Established Nomination and Compensation Committee chaired by outside director (December 2018) ⇒Introduced performance-based stock remuneration system for directors
Slide 28: 10. Supplementary Financial Information (1) Assets, Liabilities and Net Assets
10. Supplementary Financial Information (1) Assets, Liabilities and Net Assets Balance Sheet as of March 31, 2021 Balance Sheet as of September 30, 2021 (Unit: bil. yen) (Unit: bil. yen) Liabilities Liabilities 127.4 Accounts payable for construction 101.2 contracts: and others 63.2 Accounts payable
Slide 29: (2) Changes in Cash Position
(2) Changes in Cash Position Cash Flows FYE March FYE March FYE March FYE March FYE March FYE March Units: bil. yen 2018 2019 2020 2021 2021 Q2 2022 Q2 Operating cash flow 12.5 6.4 7.9 41.6 27.4 13.1 Investment cash flow - 10.0 - 13.5 - 9.1 1.8 - 0.6 - 4.2 Financial cash flow - 3.6 - 1.9 - 2.8 - 32.
Slide 30: (3) Key Performance Indicators
(3) Key Performance Indicators Capital Expenditure / Depreciation and Amortization FYE March 2022 Unit: bil. yen FYE March 2018 FYE March 2019 FYE March 2020 FYE March 2021 (Forecast) Capital expenditure 12.6 19.3 9.1 10.5 10.0 Depreciation and amortization 3.0 4.0 5.8 6.2 6.1 Capital-related Indica
Slide 31: (4) Shareholder Return and Shares Outstanding
(4) Shareholder Return and Shares Outstanding Shareholder Return Indicators FYE March 2022 FYE March 2018 FYE March 2019 FYE March 2020 FYE March 2021 (Forecast) Dividend payout ratio 24.1% 13.5% 26.7% 19.6% 24.5% （23.6%） Total return ratio 24.1% 13.5% 95.4% 59.0％ ― （23.6%） (Note) FYE 3/2019 figures
Slide 32: 11. Share price trends
11. Share price trends（March 31, 2017 - October 29, 2021） Closing price on October 29, 2021 ■Performance of MIRAIT compared to major indices (Closing price) 2,183 yen September.14, 2021 TOPIX N225 MIRAIT 2,400 yen (highest) 100% March 31, 2017 40% 1,093 yen -20% 2017年3月 2018年3月 2019年3月 2020年3月 2021年
Slide 33: 12. Major Shareholders
12. Major Shareholders (As of September 30, 2021) Number of Shareholding Shareholder Composition Shareholder Shares Held Ratio （Treasury stock is excluded） (thousands) (%) The Master Trust Bank of Japan, Ltd(Trust Account) 13,628 13.6 Custody Bank of Japan, Ltd. (Trust Account) 10,624 10.6 Sumitomo
Slide 34: Precautionary Statement
Precautionary Statement Statements and quotes relevant to the forecasted values in this handout are the future prospects based on the plans and prospects of the Company at this point in time. The actual business results could be significantly different from those stated in this handout due to change
MIRAIT Holdings — Q2 FYE 3/2022 Earnings Presentation on 6ix