Abalance Corp · TSE:3856

Abalance — Q3 FY06/24 Earnings Presentation

21 slides from Abalance's earnings presentation, May 15, 2024

Slide 2: Contents
Contents ◆ Performance Highlights ◆ Overview of Q3 Consolidated Financial Results ◆ Performance Forecast for FY06/24 ◆ Business Division Action Plans Copyright © 2024 Abalance Corporation 1
Slide 3: Financial Performance Highlights
Financial Performance Highlights 3Q FY06/24 Financial Summary ■Net sales fell 7.1 billion yen year on year to 155.6 billion yen ■Due to the strength of overseas business operations, operating profit increased by 4.8 billion yen to 14.0 billion yen ■Equity ratio improved to 12.4％ (from 8.8% as of end
Slide 5: Q3 Consolidated Financial Results (Year-on-Year Comparison)
Q3 Consolidated Financial Results (Year-on-Year Comparison) ■Net sales: Net sales down due to a fall in unit prices of solar panels (7.1 billion yen decrease) ■Operating profit: Profits up due to the start of a new solar cell plant and other production efficiency improvements resulting in lower prod
Slide 6: Q3 Consolidated Financial Results (By Segment)
Q3 Consolidated Financial Results (By Segment) FY06/23 FY06/24 Y/Y change (Unit: million yen) 1Q 2Q 3Q Total 1Q 2Q 3Q Total Net sales 55,546 56,007 51,140 162,693 57,737 50,804 47,083 155,626 (7,067) Solar Panel Manufacturing Business 53,250 54,191 48,504 155,945 55,495 48,764 44,392 148,651 (7,294)
Slide 7: Quarterly Sales and Operating Profit
Quarterly Sales and Operating Profit (Unit: billion yen) 600 Net sales 400 200 0 21/2Q 3Q 4Q 22/1Q 2Q 3Q 4Q 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q (Unit: %) 60 12 Operating profit / Operating profit margin 10 40 8 6 20 4 2 0 0 21/2Q 3Q 4Q 22/1Q 2Q 3Q 4Q 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q Operating Profit Operating Prof
Slide 8: Solar Panel Manufacturing Business
Solar Panel Manufacturing Business ■Net sales fell year on year due in part to a decline in solar panel unit prices in overseas markets ■Segment profit increased year on year on improvement in productivity due in part to in-house solar cell manufacturing FY06/23 FY06/24 YoY （Unit: billion yen） 1Q 2Q
Slide 9: Green Energy Business
Green Energy Business ■Steady development of the recurring revenue business model of solar power plant ownership, which is a priority business. ■Actively pursuing non-FIT projects as a PPA operator FY06/23 FY06/24 YoY （Unit: billion yen） 1Q 2Q 3Q Total 1Q 2Q 3Q Total （％） Net sales 21 18 23 62 21 19
Slide 11: Consolidated Performance Forecast
Consolidated Performance Forecast Operating Net sales 185.0 billion yen (down 30.3 billion yen year on year) profit 20.6 billion yen (up 7.8 billion yen year on year) FY06/23 FY06/24 YoY change （Unit: billion yen） 1H 2H FY 1H 2H FY Net sales 1,116 1,037 2,153 1,088 762 1,850 (303) Operating profit 4
Slide 13: Growth Strategy Pipeline for Solar Panel Manufacturing Business
Growth Strategy Pipeline for Solar Panel Manufacturing Business Strengthen the global supply chain by establishing integrated production systems Strategy Directions Strengthen the business foundation by developing the business in the US market, where long-term growth is expected FY06/23 FY06/24 FY06
Slide 14: Action toward NASDAQ Listing
Action toward NASDAQ Listing ■ Growth in demand for renewable energy with the progression of global warming Recognition ■ Expansion of demand for solar panels in European and US markets (VSUN target markets) * US Inflation Reduction Act (IRA) of Business Response to climate change through CO2 emissi
Slide 15: Strengthening of VSUN Supply Chain
Strengthening of VSUN Supply Chain ■ Strengthen competitiveness by building a global supply chain ■ Switch from external purchasing to in-house production of cells, the key component of solar panels ■ Build a manufacturing plant for ingots and wafers (Start of Operations in April 2024) Strategy ■ Bu
Slide 16: Strengthening of Global Supply Chain
Strengthening of Global Supply Chain * Latest version based on Abalance Group’s Medium-Term Management Plan (2024-2026) announced on September 22, 2023. ■ Medium- to long-term strengthening of competitiveness Switch from external purchasing to in-house production of key components of solar panels (c
Slide 17: Green Energy Business Priority Initiatives
Green Energy Business Priority Initiatives Promote one-stop solutions mainly by subsidiaries, WWB Corporation and VALORS Corporation Promotion of recurring revenue business: company-held solar power plants Stable earnings Entry into PPA business: Company ownership of solar power plants as a PPA oper
Slide 18: Promotion of Green Energy Business
Promotion of Green Energy Business ■ Expansion of recurring revenue business through company ownership of solar power plants Promotion of Company-held power plants: Approx. 110 power plants (Japan and overseas) recurring Company-owned power generation capacity: Over 140MW (including projects under d
Slide 19: Abalance Group Summary
Abalance Group Summary Trade Name Abalance Corporation Tennozu First Tower 16F 2-2-4 Higashishinagawa, Shinagawa-ku, Address Tokyo Establishment April 17, 2000 Capital 2,059 million yen President & Representative Yasuaki Mitsuyuki Director Stock Listing Tokyo Stock Exchange (Standard Market: 3856) C
Slide 20: Disclaimer
Disclaimer  The future outlook and estimated figures presented in this material are based on information available to our company at the time of its creation, as well as facts we recognized and results from our subsequent analyses, evaluations and calculations.  While we have considered past confi

Abalance — Q3 FY06/24 Earnings Presentation on 6ix

Abalance — Q3 FY06/24 Earnings Presentation

Slide 1: Financial Results Presentation for 3Q FY06/24

Slide 2: Contents

Slide 3: Financial Performance Highlights

Slide 4: Overview of Q3 Consolidated Financial Results

Slide 5: Q3 Consolidated Financial Results (Year-on-Year Comparison)

Slide 6: Q3 Consolidated Financial Results (By Segment)

Slide 7: Quarterly Sales and Operating Profit

Slide 8: Solar Panel Manufacturing Business

Slide 9: Green Energy Business

Slide 10: Performance Forecast for FY06/24

Slide 11: Consolidated Performance Forecast

Slide 12: Business Division Action Plans

Slide 13: Growth Strategy Pipeline for Solar Panel Manufacturing Business

Slide 14: Action toward NASDAQ Listing

Slide 15: Strengthening of VSUN Supply Chain

Slide 16: Strengthening of Global Supply Chain

Slide 17: Green Energy Business Priority Initiatives

Slide 18: Promotion of Green Energy Business

Slide 19: Abalance Group Summary

Slide 20: Disclaimer

Slide 21: Abalance Corporation