Premium Group Co., Ltd. · TSE:7199
Premium — Q3 FY2020 Earnings Presentation
22 slides from Premium's earnings presentation, Feb 14, 2020
Slide 1: Financial Results Presentation for Q3 of FY Ending March 31, 2020
Financial Results Presentation 決算説明資料 for Q3 of FY Ending March 31, 2020 February 14, 2020 プレミアグループ株式会社 Premium Group Co., Ltd.
Slide 2: Contents
Contents ・Summary of Financial Results for Q3 of FY Ending March 31, 2020 ・Appendix © Premium Group All Rights Reserved.
Slide 3: Summary of Financial Results for Q3 of FY Ending March 31, 2020
Summary of Financial Results for Q3 of FY Ending March 31, 2020 © Premium Group All Rights Reserved.
Slide 4: Highlights from Q3 of FY Ending March 31, 2020
Highlights from Q3 of FY Ending March 31, 2020 Existing businesses of credit finance and automobile warranty enjoyed strong growth as expected, despite the recoil from the consumption tax hike ■Credit finance and automobile warranty both enjoyed strong growth, as operating income hit ¥10,172 milli
Slide 5: Consolidated Performance for Q3 of FY Ending March 31, 2020
Consolidated Performance for Q3 of FY Ending March 31, 2020 (Millions of yen) [Consolidated] [Consolidated] [Consolidated] Q3 FY ending Q3 FY ended YoY change FY ended March March 31, 2020 March 31, 2019 31, 2019 * Operating income 10,173 7,885 +29.0% 10,759 Operating expenses 8,954 7,263 +23.3% 10,
Slide 6: Credit Finance Business: Total Volume of New Loans
Credit Finance Business: Total Volume of New Loans (Billions of yen) Total volume of new loans Q3 cumulative total volume was 129.3 ¥129.27 billion Auto loan PH 35.4% increase YoY ¥38.3 billion in Q3 alone (up 22.6% YoY) Q3 YTD Soaring growth for 9 straight years Q3 alone 95.5 PH in Q3 increas
Slide 7: Credit Finance Business: Loan Receivables
Credit Finance Business: Loan Receivables (Billions of yen; %) Loan receivables 301.9 Delinquency rate Q3 cumulative loan receivables totaled (more than 3 months) ¥301.9 billion Q3 YTD 234.8 28.6% increase YoY Broke through ¥300 billion! (Broke through ¥200 billion in Q4 of FY ended March 31, 194.
Slide 8: Credit Finance Business: Number of Network Stores
Credit Finance Business: Number of Network Stores (Companies) Number of credit network stores 22,574 Q3 YTD 20,140 Number of network stores Q3 YTD is 22,574 18,219 12.1% increase YoY Broke through 22,000 Increasing steadily since foundation Continuing to focus on operating ratio Initiatives to
Slide 9: Automobile Warranty Business: Total Volume of New Warranties
Automobile Warranty Business: Total Volume of New Warranties (Millions of yen) Total volume of new warranties 3,257 Q3 cumulative total volume was ¥3,257 million Q3 YTD Q3 alone EGS 49.6% increase YoY EGS 697 ¥1,014 million in Q3 alone (up 37.7% YoY) Q3 cumulative total volume was ¥2,560 million for
Slide 10: Q3 Financial Highlights (YoY)
Q3 Financial Highlights (YoY) Operating income hit ¥10,173 million (up 29.0% YoY) Profit before tax jumped to ¥3,242 million (up 159.6% YoY) Operating income Profit before tax (millions of yen) (millions of yen) YoY change 10,173 YoY change 3,242 Q3 +29.0% +159.6% 190 Q3 Q2 7,885 3,514 688 Q3 2,
Slide 11: Operating Income (P/L) by Segment
Operating Income (P/L) by Segment (Millions of yen) 10,173 (+29.0%) Q3 YTD Figures in parentheses 425 (+145.7%) indicate YoY 7,885 Q3 cumulative operating income by segment 2,716 6,663 173 totaled ¥10,173 million (+53.9%) 87 29.0% increase YoY 1,765 1,529 ¥3,514 million in Q3 alone (up 30.1% YoY)
Slide 12: Operating Expenses (PL) (YoY Comparison)
Operating Expenses (PL) (YoY Comparison) Operating expenses totaled ¥8,954 million (up 23.3% YoY) SG&A expenses increased overall due to the acquisition of EGS FY19 Q3 YTD FY20 Q3 YTD (Millions of yen) 10,173 Increase attributed to growth in credit finance business Percentage of operating income
Slide 13: Full-Year Earnings Forecast
Full-Year Earnings Forecast YTD operating income stands at 74.4% of full-year forecast YTD profit before tax stands at 103.2% of full-year forecast → Surpassed full-year forecast released on August 8, 2019 → Despite strong results being seen in Q4, earnings forecast left unchanged due to uncerta
Slide 14: Other Topics
Other Topics Announcement of Medium-Term Management Plan On February 14, 2020, we released our new Medium-Term Management Plan that concludes in the fiscal year ending March 31, 2023. The plan cites a future vision of “Transform from an auto credit company into an auto mobility service company.” We
Slide 15: Appendix
Appendix © Premium Group All Rights Reserved.
Slide 16: Provision for Insurance Provision for Changes in Accounting Estimates
Changes in Accounting Estimates ※disclosed in Q1 Insurance assets* will be booked from the fiscal year ending March 31, 2020 because it is now possible to make reasonable forecasts of future insurance income related to insurance transactions in the mainstay credit finance business based on the insur
Slide 17: Revisions to Full-Year Earnings Forecast
Revisions to Full-Year Earnings Forecast ※disclosed in Q1 Full-year profit before tax forecast revised upward to ¥3,141 million (announced Aug. 8) Effect from changes in accounting estimates expected to be ¥1,670 million for the full-year Upfront investment aimed at long-term growth will be ex
Slide 18: Company Profile
Company Profile Name Premium Group Co., Ltd. Securities Code / Exchange 7199 / First Section of Tokyo Stock Exchange May 25, 2015 Established Note: G-ONE Credit Services Co., Ltd. (currently, Premium Financial Services, Co., Ltd.) was established in 2007. Head Office Roppongi First Building, 1-9-9 R
Slide 19: Overview of Premium Group
Overview of Premium Group Other businesses Automobile warranty business Operating income 2.5 % by business Maintenance business 22.3 % (FY Ended March 31, 2019) ・ Services automobile repairs arising from warranty business Overseas business ・ Business expansion outside Japan ■Automobile warranty
Slide 20: B/S
B/S （Thousand yen） FY19 Q1 FY20 Q2 FY20 Q3 FY20 Compared to previous quarter QoQ (As of March 31, 2019) (As of June 30, 2019) (As of September 30, 2019) (As of December 31, 2020) Assets Cash and cash equivalents 6,186,088 5,420,578 6,787,439 6,848,356 110.7% 100.9% Financing receivables 14,746,300 1
Slide 21: P/L (April 1 - December 31)
P/L (April 1 - December 31) （Thousand yen） Q3 FY19 FY19 Q3 FY20 Compared to YoY (April 1, 2018 - December 31, 2018) (April 1, 2018 - March 31, 2019) (April 1, 2019 - December 31, 2019) previous quarter Operating income 7,884,513 10,759,236 10,172,656 129.0% 94.5% Other finance income 1,779 146,407 9
Slide 22: P/L (October 1 - December 31)
P/L (October 1 - December 31) （Thousand yen） Q3 FY19 Q1 FY20 Q2 FY20 Q3 FY20 YoY QoQ (October 1, 2018 - December 31, 2018) (April 1, 2019 - June 30, 2019) (July 1, 2019 - September 30, 2019) (October 1, 2019 - December 31, 2019) Operating income 2,701,519 3,148,563 3,509,999 3,514,094 130.1% 100.1%