Slide 1: FY2013 First Half Business Result
Innovation begins in a vacuum 【Code No：6728】 FY2013 First Half Business Result （Year （ ea Ending d g June 0 ） Ju e 30, 2014） ULVAC, Inc. 13th Feb.,2014 F b 2014 FY131HIRMTG20140214E Copyright ©2014,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: Agenda
Agenda Summary S for f ththe Fi Fiscall Year Y 2012 Ending E di June J 2014 (1st Half) Prospects for the Fiscal Year 2012 Ending June 2014 Hisaharu Obinata , President and CEO FY131HIRMTG20140214E Copyright ©2014,ULVAC,Inc.All rights reserved Page 3
Slide 4: Results for the 2nd Q of the Year Ending June 2014 (Y-T-D)
nd st Business Results for the 2 Q of FY2013 (1 H) Results for the 2nd Q of the Year Ending June 2014 (Y-T-D) nd For the 2 Q of the FY ending June 30, 2014, orders received stood at 82.1 billion yen, an increase of 4% compared to the same period of the previous FY, and net sales amounted to 91.6 bil
Slide 5: Net Sales (By segment)
nd st Business Results for the 2 Q of FY2013 (1 H) Net Sales(By segment) During the 2nd Q under review, net sales of FPD production equipment grew compared with the 1st Q of the FY driven mainly by Organic LED(OLED)production equipment, a product category that had had a large order backlog at the st
Slide 6: Orders Received (By segment)
nd st Business Results for the 2 Q of FY2013 (1 H) Orders Received(By segment) nd st During the 2 Q under review, orders received for FPD and PV Production Equipment declined compared with the 1 Q of the FY due to a temporary slump in the industry’s FPD-related Capex. Orders received for Semiconduct
Slide 7: Outlook for profitability
nd st Business Results for the 2 Q of FY2013 (1 H) Outlook for profitability During the 2nd quarter under review, both gross profit margin and operating profit margin increased both compared to the same period of the previous fiscal year and previous quarter, helped by our group-wide cost saving eff
Slide 8: Balance sheet
nd st Business Results for the 2 Q of FY2013 (1 H) Balance sheet As for assets, cash on hand in banks increased by 12.0 billion yen,notes and accounts receivable, trade decreased by 10.3 billion yen, and inventories declined by 5.6 billion yen. On the liabilities side, interest-bearing borrowings an
Slide 9: Cash Flow and Liabilities with Interests
nd st Business Results for the 2 Q of FY2013 (1 H) Cash Flow and Liabilities with Interests CFs from operating activities stood at 23.3 billion yen thanks to reasons including 9.1 billion yen in net income before income taxes and 17.5 billion yen in an operating capital reduction. Negative CFs of on
Slide 10: Transition of Net sales by Geographical Area
nd st Business Results for the 2 Q of FY2013 (1 H) Transition of Net sales by Geographical Area A geographic breakdown of the results shows that net sales to Japan and Taiwan continued to decrease while those to China grew, supported by FPD production equipment. 100% USA & Europe 90% 80% Other Asia
Slide 11: Agenda
Agenda Summary y for the Fiscal Year 2012 Ending g June 2014 (1st Half) Prospects for the Fiscal Year 2012 Ending June 2014 Hisaharu Obinata , President and CEO FY131HIRMTG20140214E Copyright ©2014,ULVAC,Inc.All rights reserved Page 11
Slide 12: An outline of the business environment for FY ending June 2014
Business environment An outline of the business environment for FY ending June 2014 (full year) The future market environment for ULVAC Semiconductors: As a result of the market’s rapid shift to cloud computing, capex by semiconductor i d t companies i on memory and d leading-edge l di d logic l i s
Slide 13: Transition of Order received and Sales by segment / Estimate
Forecast for FY 2013 Transition of Order received and Sales by segment /Estimate Partially revising our projections to reflect actual performance, in response to rapid changes occurring to the business environment Breakdown of FPD & Breakdown of SPE & Sales Order received PV Production Equip. Equip
Slide 14: From structural reform to a growth phase
From structural reform to a growth phase Achievements made by our business structure reform efforts Attainment of increased profitability A Assett portfolio tf li downsizing d i i ・Sale of shares in Reliance Electric (Assignment Price：1.6 Bn.Yen, Profit on sales 0.8Bn.Yen) ・Sale of land（Plant of ULV
Slide 15: Transition of Capital Investments, Depreciation Expenditures
Forecast for FY 2013 Transition of Capital Investments, Investments Depreciation Expenditures We are continuing to keep our R&D investments within the range of our depreciation and amortization for the 研究開発投資は減価償却費内を維持。投資は、デモ機など研究開発設備中心に foreseeable future. We are focusing our investments on R&D equ
Slide 16: Forecast of June 2014 Full Year
Forecast of FY 2013 Forecast of June 2014 Full Year Our operating profit forecast was left unchanged from the previous release since the FPD industry players’ capex trend remains uncertain and price competition is anticipated to intensify further in worldwide markets. The net income forecast release
Slide 17: Innovation begins in a vacuum
Innovation begins in a vacuum FY131HIRMTG20140214E Copyright ©2014,ULVAC,Inc.All rights reserved Page 17
Slide 18: First Half year Orders received by segment
Appendix First Half year Orders received by segment 【Unit:Bn.Yen】 2Q（Y-T-D） June 14 100 60 50 80 FPD and PV Production 23.8 40 Equipment 31.6 13.3 60 Semiconductor & electronic Device 10.5 Production 14.7 30 Equipment 8.7 40 9.1 6.0 11.4 Component p 20 60 6.0 10 5 10.5 5.4 13.7 7.1 Industrial Equipm
Slide 19: First Half year Net Sales by segment
Appendix First Half year Net Sales by segment 【Unit:Bn.Yen】 2Q（Y-T-D） June 14 100 60 FPD and PV 50 Production 80 Equipment 36.9 40 17.9 Semiconductor 60 23.7 & electronic Device 18.9 Production 30 Equipment 12.7 9.3 7.9 40 Component 10.6 12.1 4.7 20 60 6.0 Industrial Equipment 11.5 6.1 11.8 6.2 Mate
Slide 20: Transition of Order received, Net sales, Estimate (By year)
Appendix Transition of Order received・Net sales・Estimate(By ( y Half y year)) 【Unit:Bn.Yen】 FPD Production Equipment PV Production Equipment Order received Net sales Semiconductor & Electronic Device Production Equipment Component 200 Industrial Equipment Material Other Note) We integrated “FPD Prod
Slide 21: Innovation begins in a vacuum
I Innovation ti begins b i in a vacuum FY131HIRMTG20140214E Copyright ©2014,ULVAC,Inc.All rights reserved Page 21