Bridgestone Corporation · TSE:5108
Bridgestone — H1 2014 Earnings Presentation
16 slides from Bridgestone's earnings presentation, Aug 8, 2014
Slide 1: Financial Results for 1st Half of Fiscal 2014
Financial Results for 1st Half of Fiscal 2014 Bridgestone Corporation August 8, 2014
Slide 2: Contents
Contents 1. Business and Financial Performance for 1st Half of Fiscal 2014 P.3 2. Consolidated Projections for Fiscal 2014 P.9 Copyright © 2014 Bridgestone Corporation | Aug.8, 2014 2
Slide 3: 1. Business and Financial Performance for 1st Half of Fiscal 2014
1. Business and Financial Performance for 1st Half of Fiscal 2014
Slide 4: Business Environment Surrounding Bridgestone Group
Business Environment Surrounding Bridgestone Group Estimated Tire Demand Currency Exchange Tire Demand for 2014 1st Half : Original Equipment (VS PY) Passenger Truck and Bus 2013 2014 Radial Tires Radial Tires 1st half 2nd half 1st half Japan 107％ 111％ US Dollar 96 100 102 N. America 105％ 112％ Europ
Slide 5: Consolidated Results for 1st Half of Fiscal 2014
Consolidated Results for 1st Half of Fiscal 2014 Yen/US dollar rate: 96 102 +6 100 (Yen in billions) Yen/Euro rate: 126 140 +14 135 （Ref. Feb 18, 2014 2013 2014 announcement） 1st Half Results 1st Half Results VS PY (%) 2014 1st Half Projections Net Sales 1,705.1 1,750.2 +3 1,790.0 Tires 1,447.7 1,46
Slide 6: Analysis of Consolidated Operating Income
Analysis of Consolidated Operating Income for 1st Half of Fiscal 2014 (Yen in billions) Foreign 230 Exch. Gain +19.0 Raw 210 Materials +39.0 Price, Mix, Volume etc. (17.3) 190 223.1 SGA Strategic (6.0) Depreciation Products 170 190.3 (1.0) (1.0) 150 2013 1st Half 2014 1st Half Operating Income +32.7
Slide 7: Financial Results: Geographic Segments
Financial Results for 1st Half of Fiscal 2014 : Geographic Segments (Yen in billions) （Ref. Feb 18, 2014 2013 2014 announcement） VS PY (%) 1st Half Results 1st Half Results 2014 1st Half Projections Japan 609.9 603.0 (1) 600.0 The Americas 802.5 833.9 +4 860.0 Europe 200.9 222.8 +11 210.0 Other Regi
Slide 8: B/S Highlights
B/S Highlights (Yen in billions) FY 2014 1st Half (As of Jun. 30, 2014) VS. Dec. 31, 2013 Total Assets 3,416.7 (160.2) Total Current Assets 1,606.2 (111.0) Total Fixed Assets 1,810.4 (49.1) Net Assets 1,915.1 +52.2 Ratio of total equity to total assets (%) 54.3 +3.8 Interest-Bearing Debt (Net) 248.2
Slide 9: 2. Consolidated Projections for Fiscal 2014
2. Consolidated Projections for Fiscal 2014
Slide 10: Forecast of Business Environment Surrounding Bridgestone Group
Forecast of Business Environment Surrounding Bridgestone Group Estimated Tire Demand Currency Exchange Tire Demand for 2014 : Original Equipment (VS 2013) Ref. Passenger Truck and Bus 2014 Feb18,2014 Radial Tires Radial Tires announcement 1st half 2nd half FY Projections Japan 96％ 102％ US Dollar 102
Slide 11: Consolidated Projections for Fiscal 2014
Consolidated Projections for Fiscal 2014 Yen/US dollar rate: 98 101 +3 100 （単位：億円） Yen/Euro rate: 130 138 +8 135 (Yen in billions) 2013 2014 （Ref. Feb 18, 2014 announcement） Results Projections VS PY(%） 2014 Projections Net Sales 3,568.0 3,650.0 +2 3,800.0 Tires 3,036.9 3,080.0 +1 3,250.0 Diversifie
Slide 12: Analysis of Consolidated Operating Income for Fiscal 2014
Analysis of Consolidated Operating Income for Fiscal 2014 Exchange rate (Yen in billions) Sensitivity (full year) 500 USD：4.3bil. Yen Strategic EUR：0.7bil. Yen Foreign Products Exch. Gain +6.0 +19.0 Raw Price, Mix, Materials Volume etc. +55.0 450 (30.2) SGA (9.0) Depreciation 475.0 (4.0) 400 438.1 3
Slide 13: Financial Projections: Geographic Segments
Financial Projections for Fiscal 2014 : Geographic Segments Japan (Yen in billions) Ref. [Japan Tire + Specialty Tire + Diversified Products] 2014 VS. PY Feb18,2014 announcement 2000 20% Projections （％） Projections 1500 15% Sales ( billion ) Net Sales 1,250.0 (2) 1,290.0 OP% 1000 10% Operating 201.0
Slide 14: Financial Projections: Geographic Segments
Financial Projections for Fiscal 2014 : Geographic Segments (Yen in billions) Europe Ref. [Western Europe + Eastern Europe] 2014 VS. PY Feb18,2014 announcement Projections （％） Projections 2000 20% Net Sales 440.0 +4 440.0 Sales ( billion ) 1500 15% Operating OP% 1000 10% 19.0 +828 8.5 Income 500 5%
Slide 15: To Achieve Financial Targets
To Achieve Financial Targets Changes in business environment vs. original plan ・Raw materials Price hike delay than expected ・Tire Demand JPN / N.America / Euro ： Slightly better (2014FY) Emerging countries ： Slightly weaker (Economic expansion slowing down and social climate remain uncertain, i.e.;
Slide 16: Forward-looking statements disclaimer
Statements made in this presentation with respect to Bridgestone's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Bridgestone. Forward-looking statements include, but are not limited t