Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — Q1 FY March 2015 Earnings Presentation
21 slides from Autobacs Seven's earnings presentation, Jul 31, 2014
Slide 1: Results for the Three Months ended June 30, 2014
【Reference】 Translation Results for the Three Months ended June 30, 2014 July 31, 2014 AUTOBACS SEVEN CO., LTD.
Slide 2: Q1 FY March 2015 Consolidated P/L
Q1 FY March 2015 Consolidated P/L Both net sales and income decreased. Lower net sales and gross income were not offset by the curbing of SG&A expenses. Store sales fell, primarily for tires, wheels, and car electronics in reaction to last- minute demand before the consumption tax hike. Gross income
Slide 3: Sales Trend: Retail & Wholesale (July 2013 – June 2014)
Sales Trend : Retail & Wholesale (July 2013 – June 2014) （％） 【YoY change for the last 12 months】 30.0 Retail Wholesale 25.0 26.8 20.0 21.0 15.0 19.2 12.3 10.0 9.0 5.1 5.0 8.7 6.0 5.6 0.0 4.9 -0.4 0.2 -6.3 -7.3 -6.1 -5.0 -8.6 -1.5 -3.5 -0.5 -5.6 -10.0 -8.4 -8.7 -11.0 -15.7 -15.0 -20.0 Jul Aug Sep Oct
Slide 4: Sales Ups & Downs by Merchandise (Q1)
Sales Ups & Downs by Merchandise (Q1) 【Same Store Basis】 Sales: - 12.6% YoY, Number of customers: - 6.1% YoY Retail sales ups and downs by merchandise category (Million Yen) (for three months ended June 30 2014, YoY change in amount, total store basis) 0 -3 -8 -95 -189 -167 -267 -287 Goods Motorcycl
Slide 5: Sales at Stores After Consumption Tax Hike
Sales at Stores After Consumption Tax Hike Sales at Stores* After Consumption Tax Hike (Billion Yen) 3 Feb. 25 － Mar. 31 Apr. 1－June 30 2 Approximately 7.1 BY 1 2 2.2 1.6 1.7 0 -0.2 -1.7 -1.6 -1 Approximately 7.5 BY -2.9 -0.3 -0.4 -2 ASP decrease -3 Tires Car Car sales Others Tires Car Car sales Oth
Slide 6: Retail Sales Including Franchisees
Retail Sales Including Franchisees RETAIL SALES INCLUDING FCs*: 56.6billion yen (-11.1% YoY) (Billion Yen) 70 63.6 1.0 56.6 Second hand goods & Fuel: 1.0BY (+5.2% YoY） 60 3.9 4.3 1.0 3.6 Statutory safety inspection: 3.6BY (-7.3% YoY) 50 4.1 Number of cars inspected： 121,000 cars (-8.7% YoY) Number o
Slide 7: Flow of Car Sales and Purchase
Flow of Car Sales and Purchase Customers Car dealers Used car dealers Auto auction Purchase Sales to FC headquarters Purchase 1,661 cars 1,226 cars B2B sales 675 cars Wholesale B2B sales Used car dealers Used car dealers B2C sales FC Headquarters Auto auction and auto auction (AUTOBACS SEVEN) 2,341
Slide 8: Analysis for Operating Income by Segment
Analysis for Operating Income Domestic retail sales Total stores -11.1% / Same store sales -12.6% (YoY) OP YoY Non-consolidated 1,370MY -1,400MY Sales: -2,610MY（-6.2％） Gross profits: -1,190MY（GPM:19.3% - down from LY’s 20.9%） Sales reduction, such as tires & wheels, oil and battery SG&A:+220MY Incre
Slide 9: Decrease in Consolidation Adjustments
Decrease in Consolidation Adjustments Consolidation Adjustments (Million Yen) Three months ended Three months ended June 30, 2014 June 30, 2013 Operating Income for segment total (67) 2,339 Inventories (Unearned income of subsidiary inventories, etc.) (101) (395) Depreciation of Goodwill (80) (27) A
Slide 10: Performance Breakdown (Three months ended Jun 30, 2014)
Performance Breakdown (Three months ended Jun 30, 2014) Parental company (Non-consolidated) -2.49 BY ↑ used car, fuel, services, Net Sales: Wholesale -6.3% ↓ Tires & wheels, Car electronics devices, oil, batteries, etc. 39.3 BY YoY: -2.61BY -0.12 BY ↑ services, Retail -10.3% ↓ motor sports goods, fu
Slide 11: Segment Information
Segment Information (Billion yen) Three months ended Three months ended YoY June 30, 2014 June 30, 2013 change Net Sales 39.3 41.9 -6.2% Non-consolidated Ordinary Income 1.4 2.8 -50.6% Domestic store Net Sales 14.7 17.8 -17.6% subsidiaries － Ordinary Income (1.5) (0.7) Net Sales 2.5 2.5 +0.3% Overse
Slide 12: Results of Overseas Operation by Country
Results of Overseas Operation by Country FRANCE CHINA SINGAPORE THAILAND Number of stores at June 30, 2014 11 1 3 3 -including FCs stores- Total store sales -4.1% -63.6% -6.8% -18.9% -including FC stores- Period Q1 FY2015 Q1 FY2014 Q1 FY2015 Q1 FY2014 Q1 FY2015 Q1 FY2014 Q1 FY2015 Q1 FY2014 Net sale
Slide 13: Store Openings and Closings (Plan)
Store Openings and Closings (Plan) < Domestic stores > Fiscal year ending March 31, 2015 (Plan) No. of No. of No. of stores as Q1 (result) stores as Q2 – Q4 (Plan) stores as of March of June 30, of March 31, 2014 New S/B・R/L Close 2014 New S/B・R/L Close 31, 2015 AUTOBACS 478 +2 480 +17 +2 / -2 497 S
Slide 14: Business objectives
Business objectives Business environment Reaction to the consumption tax hike has been subdued. Consumer spending, however, remains low. Sales are expected to remain weak under the current sales of new cars. Elements to focus on for the rest of the year Review expenses and allocate them to more effe
Slide 15: New initiatives in Automobile Sales
New initiatives in Automobile Sales Initiatives towards increased sales of cars ・Appointed as sub-agent by SUZUKI JIHAN HYOGO CORPORATION Inc ・Opened an outlet in the Super AUTOBACS 43-DOI store. ・Provisioning a broad range of parts and services as a car dealer. SUZUKI CARS 43-DOI store AUTOBACS car
Slide 16: New Unified Private Brand “AQ” (AUTOBACS QUALITY.)
New Unified Private Brand “AQ” (AUTOBACS QUALITY.) ・In the business operated under private brands, the brand will be unified to “AQ” (AUTOBACS Quality), which will be implemented in stores in phases. ・Under the concept of “Safety, the number one priority,” the stores will offer customers, with reaso
Slide 17: Japan’s first store in the parking area of a freeway opened (July 11)
Opening of stores in the parking areas of freeways Japan’s first store in the parking area of a freeways opened (July 11) AUTOBACS Pasar Miyoshi store (located at the Tokyo-bound side of the Miyoshi parking area) will attract an overwhelmingly large number of customers with driving and safety goods,
Slide 18: Reorganization of Store Subsidiaries
Reorganization of Store Subsidiaries Reorganization of Domestic Store Subsidiaries Measures Contents Transfer of shares in - Transfer of all shares in a store subsidiary in Kanagawa Store Subsidiaries area to a franchisee (include transfer of four stores) Transfer of store - Transfer of a store in T
Slide 19: Balance Sheet / Assets
Balance Sheet / Assets 199.4BY 191.0BY 224.0BY 201.5BY 187.8BY (Billion Yen) 45.1 Cash and deposits 49.2 45.7 Trade notes 45.5 43.9 and account 37.5 receivables 22.5 Lease investment 25.9 20.8 11.5 21.1 assets 0.8 12 Marketable securities 12.1 11.8 20.4 0.8 12.2 0 0.5 16.4 0.8 Inventories 16.3 16.7
Slide 20: Balance Sheet / Liabilities & Net Assets
Balance Sheet / Liabilities & Net Assets (Billion Yen) 199.4BY 191.0BY 224.0BY 201.5BY 187.8BY Trade notes & 40.4 accounts payable 23.0 17.6 ST borrowings and 14.5 4.0 4.4 14.2 corporate bond 2.3 2.8 4.7 Other ST liabilities 16.0 15.1 21.8 22.0 Bonds and LT debts 6.1 5.3 3.1 2.3 17.2 10.9 10.9 10.8
Slide 21: Forward-Looking Statements
Forward-Looking Statements These materials include forecasts regarding the Company’s future plans, strategies, and performance. This information is based on judgments and estimates made in accordance with information currently available. Actual results may differ materially from forecasts due to suc
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