Unipres Corporation · TSE:5949

Unipres — Q2 FY2019 Earnings Presentation

32 slides from Unipres's earnings presentation, 2019

  1. Slide 1: FY2019 2nd Quarter Financial Results

    FY2019 2nd Quarter Financial Results

  2. Slide 2: FY2019 2Q Financial Results / Forecast of FY2019

    FY2019 2Q Financial Results Forecast of FY2019 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2

  3. Slide 3: FY2019 2Q Financial Results

    FY2019 2Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3

  4. Slide 4: Key Highlights for Q2, FY2019 (consolidated-basis)

    Key Highlights for Q2, FY2019 (consolidated-basis) １. Net sales decreased due to production reduction by customer and Forex impact. ２. Operating profit decreased mainly as a result of production reduction by customer. Copyright© UNIPRES CORPORATION, All Rights Reserved. 4

  5. Slide 5: Summary of Q2, FY2019

    Summary of Q2, FY2019 Financial performance 20 200 163.2 Net sales 163.0 Operating profit (billion yen) 148.7 150 Net Sales (billion yen Operating profit 10 100 13.5 9.7 50 3.9 0 0 ） 2Q, FY2017 2Q, FY2018(A) 2Q, FY2019(B) (B) – (A) Net sales 163.2 163.0 148.7 -14.3 Operating profit 13.5 9.7 3.9 -5.8

  6. Slide 6: Consolidated Sales by Product Group

    Consolidated Sales by Product Group (billion yen) 2Q, FY2018 2Q, FY2019 Variance Variance % % % Sales Sales Car body press products 134.9 82.7% 125.4 84.3% -9.5 +1.6% Transmission products 24.4 15.0% 20.8 14.0% -3.6 -1.0% Plastic 1.9 1.2% 1.9 1.3% 0 +0.1% products Other 1.8 1.1% 0.6 0.4% -1.2 -0.7%

  7. Slide 7: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 2Q, FY2018 2Q, FY2019 Variance Sales % Sales % Nissan Motor-related products 136.6 83.8% 124.1 83.5% -0.3% Sub-total Dongfeng Motor Company Limited 29.1 17.9% 26.7 18.0% +0.1% Nissan Motor 20.6 12.6% 20.4 13.7% +1.1% Nissan North America 18.4 11.3% 19.4 1

  8. Slide 8: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 2Q, FY2018 2Q, FY2019 Variance Sales % Sales % Other customers Sub-total 26.4 16.2% 24.6 16.5% +0.3% Incl.) Honda of America Mfg., Inc. 3.2 2.0% 3.2 2.2% +0.2% Honda of The U.K. Manufacturing Ltd. 2.8 1.7% 2.0 1.3% -0.4% Honda Honda De Mexico, S.A. De C.V

  9. Slide 9: Operating Profit Variance Analysis

    9 FY2019 3.9 2Q 1.0 Cost saving -0.1 Others Consolidation 0.5 Operating Profit Variance Analysis adjustment -0.1 Forex -0.9 Initial cost for new car model parts Production 0.2 -0.4 reinforcement SG&A -0.6 Depreciation/ amortization -2.9 -5.4 Volume fluctuation & model mix etc. (billion yen) 2012年度 F

  10. Slide 10: Sales & Operating Profit by Region (Japan)

    Sales & Operating Profit by Region (Japan) Net Sales （億円） (billion yen) Operating profit 150 10 first half first half second half second half 8.3 105.0 98.6 6.8 100 3.6 2.4 51.6 5 49.5 50 4.7 4.4 53.4 49.1 44.0 0.1 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 ※ Net sales dropped by 10.4% due to cus

  11. Slide 11: Sales & Operating Profit by Region (The Americas)

    Sales & Operating Profit by Region (The Americas) Net Sales Operating profit 150 first half 10 first half second half second half 7.4 104.0 100.0 100 3.6 51.7 5 51.4 4.2 50 3.1 52.3 48.6 3.8 46.7 1.1 0.9 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 ※ Net sales dropped by 3.9% due to customers’ redu

  12. Slide 12: Sales & Operating Profit by Region (Europe)

    Sales & Operating Profit by Region (Europe) (billion yen) Net sales (billion yen) Operating profit 50 first half 2 first half second half second half 40 36.5 36.7 1.2 1.0 1 0.4 30 0.3 18.0 16.0 0.8 0.7 20 0 10 20.7 -0.7 18.5 16.6 0 -1 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 ※ Net sales decreased b

  13. Slide 13: Sales & Operating Profit by Region (Asia)

    Sales & Operating Profit by Region (Asia) (billion yen) Net sales (billion yen) Operating profit 100 10 92.5 first half first half 85.4 second half 8.6 8.5 second half 73 727 47.9 46.5 4.3 4.5 50 5 38.9 44.6 41.4 4.3 4.0 3.6 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 ※ Net sales decreased by 7.2%

  14. Slide 14: Capital investment

    Capital investment (billion yen) Domestic business results Overseas business results 31.2 30 11.8 23.2 22.9 20 19.2 9.2 10.0 13.7 9.4 10 9.5 6.5 8.3 19.4 2.7 1.8 14.0 12.9 9.8 6.8 7.2 6.5 0 FY2017 FY2017 FY2017 FY2018 FY2018 FY2018 FY2019 1st half 2nd half 1st half 2nd half 1st half Copyright© UNIPR

  15. Slide 15: Capital investment & Depreciation / Amortization

    Capital investment & Depreciation / Amortization (billion yen) 40 Depreciation and amortization Annual Capital investment plan (32.0) 30 Annual plan Annual （20.0） plan 20 (20.0) 31.2 23.2 10 18.6 18.4 19.2 9.4 0 FY2019 FY2017 FY2018 1st half ※ Both capital investment and depreciation/amortization ha

  16. Slide 16: Cash Flows

    Cash Flows (billion yen) 40 Cash flow from operating activities Cash flow from investing activities 2.8 Free cash flow 30 10.3 7.7 20 9.6 36.533.7 33.2 29.7 0.7 23.1 22.9 22.0 10 19.2 13.5 11.7 10.1 9.4 6.8 0 -4.9 -1.1 -10 -20.3 -20 -30 FY2017 FY2017 FY2017 FY2018 FY2018 FY2018 FY2019 1st half 2nd h

  17. Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance

    Interest-bearing Debt & Net Interest-bearing Debt Balance (billion yen) 40 Long-term loans payable Short-term loans payable Interest-bearing debt balance Net interest-bearing debt balance 29.0 30 1.4 20 17.1 1.8 13.1 13.4 13.1 27.6 1.3 1.2 0.8 10 15.3 11.8 12.2 12.3 10.6 0 End-September, End-March,

  18. Slide 18: Changes in equity-to-total assets

    Changes in equity-to-total assets （%） 70 60.4 59.9 58.5 60 56.4 53.6 50 40 30 End-September, End-March, End-September, End-March, End-September, 2017 2018 2018 2019 2019 ※ The ratio decreased by 6.3% to 53.6% compared to the end of March 2019 due to the acquisition of treasury shares. Copyright© UNI

  19. Slide 19: Forecast of FY2019

    Forecast of FY2019 Copyright© UNIPRES CORPORATION, All Rights Reserved. 19

  20. Slide 20: 2019 Consolidated Business Plan Highlights

    2019 Consolidated Business Plan Highlights 1. Net sales forecast to decline mainly due to customers’ production decreased and Forex impact. 2. Operating profit forecast to decrease due to sales decline. 3. Large capital investment planned mainly for enhancing production capacity. Copyright© UNIPRES

  21. Slide 21: Consolidated Business Plan for FY2019

    Consolidated Business Plan for FY2019 Financial performance 40 400 Operating profit (billion yen) Net sales 330.9 327.8 295.0 300.0 30 Operating profit 300 20 200 26.0 10 20.1 100 15.5 10.0 0 0 FY2019 FY2019 FY2017 FY2018（A） （B）-（A） initial plan revised forecast (B) Net sales 330.9 327.8 295.0 300.0

  22. Slide 22: Forecast of Operating Profit Variance Analysis

    Forecast of Operating Profit Variance Analysis (billion yen） 30 3.5 20 -8.3 -0.9 -0.8 20.1 0.3 -1.2 -0.7 10 -1.4 -0.2 3.1 10.0 0 adjustment Consolidation & model mix etc. Volume fluctuation SG&A amortization Depreciation/ Others Cost saving Forex new car model parts Initial cost for reinforcement Pr

  23. Slide 23: Sales/Operating Profit by Region (Japan)

    Sales/Operating Profit by Region (Japan) (billion yen) Net sales (billion yen) Operating profit 150 10 100 5 8.3 6.8 50 105.0 98.6 0 95.4 -3.2 0 -5 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 (revised forecast) Forecast (revised forecast) Forecast ※ Net sales projected to decrease because of productio

  24. Slide 24: Sales/Operating Profit by Region (the Americas)

    Sales/Operating Profit by Region (the Americas) (billion yen) Net sales (billion yen) Operating profit 150 10 100 5 7.4 7.8 50 104.0 100.0 89.6 4.2 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 Forecas (revised t forecast) Forecast (revised forecast) ※ Net sales projected to decrease because of prod

  25. Slide 25: Sales/Operating Profit by Region (Europe)

    Sales/Operating Profit by Region (Europe) (billion yen) Net Sales (billion yen) Operating profit 50 1.5 40 1 30 1.2 0.5 1.0 20 36.5 36.7 33.1 0 10 -0.3 0 -0.5 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 (revised forecast) (revised forecast) ※ Despite the impact of the conversion of UM Corporation, SAS

  26. Slide 26: Sales/Operating Profit by Region (Asia)

    Sales/Operating Profit by Region (Asia) (billion yen) Net Sales (billion yen) Operating profit 100 10 50 5 92.5 85.4 82.0 8.6 8.5 7.5 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 (revised forecast) (revised forecast) ※ A decrease in net sales is planned due to Forex impact, etc. ※ Operating profit

  27. Slide 27: Capital investment & Depreciation / Amortization Plan

    Capital investment & Depreciation / Amortization Plan (billion yen) Capital investment (billion yen) Depreciation / Amortization 40 30 30 20 20 31.2 32.0 10 20.0 18.4 10 0 0 FY2018 FY2019 FY2018 FY2019 (revised forecast) (revised forecast) ※ As installation of hot stamping machines planned, capital

  28. Slide 28: The Acquisition of Treasury Shares

    The Acquisition of Treasury Shares The acquisition of treasury shares has been implemented from May 15 to August 27, 2019 Content of Items Related to Acquisition ■ Total number of shares acquired 2,986,900 shares ■ Total amount of acquisition 4,999,970,900 yen （The resolution made at the Board of di

  29. Slide 29: Dividends

    Dividends In spite of downward revision, we sustain the existing dividend policy and plan to keep 55 yen per share in FY2019. （yen） 60.00 Dividends at year-end 55.00 55.00 55.00 Dividends at end of 2nd quarter Increased 50.00 Dividends 45.00 10.00 40.00 27.50 27.50 35.00 30.00 27.50 22.50 25.00 17.5

  30. Slide 30: Copyright© UNIPRES CORPORATION, All Rights Reserved.

    Copyright© UNIPRES CORPORATION, All Rights Reserved. 30

  31. Slide 31: Reference: Exchange rates

    Exchange rate Reference (yen) 2Q, FY2018 2Q, FY2019 Annual plan Average for Average for the period term end the period term end At first Second half US $ 110.71 113.58 108.68 107.96 110.00 105.00 STG ￡ 148.92 144.55 142.37 136.53 145.00 129.00 EURO 130.66 127.88 124.07 122.46 124.00 117.00 MEX $ 5.7

  32. Slide 32: Precautions for treatment of material

    Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain

Unipres — Q2 FY2019 Earnings Presentation on 6ix