Seiko Epson Corp. · TSE:6724
Seiko Epson — Q2 FY2014 Earnings Presentation
35 slides from Seiko Epson's earnings presentation, 2014
Slide 1: EPSON 2014 Q2 results presentation
Y EPSON 20145 (201543A HA) ween AAAS ‘ 201447104318 P7I-LIVy ASH CADKO EPSON CORPORATION 2014 Al nghts semerved.
Slide 2: (thn Your mo
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Slide 3: Notes on 2014 results presentation
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Slide 4: 1. Summary
1. BB
Slide 5: Results summary
RA/NAS1h (PRRS) EPSON 20134 ea eR (on Re % THIF % — mimic | Pit cae 4,713°— 5,030 jeae| jae MPTP ass 71% © 380 sume | aeeoe a zt 304 65% 690 neon | s1a9% fe 295 63% 690 “73h +t00% 198 42% 590 see 4 REFS R2GeMURO FARA USD; 1000071, EUR: 135.00F)
Slide 6: Results summary (Q2 quarter)
RA VASTh (P2+MRA) EPSON 2013%F tee 731MBF2 (9%) ep) 208% am = ieee % EeavEm 862,493 eon 2,567 - WRF i 238 9.6% ae 144 5.6% te a Fi] $s 230 9.3% sae 143 5.6% aH 230 9.2% sie 142 5.6% Past MA Ht 149 6.0% 120.0% 124 4.8% 82.90 A 98.95 100.00 A A 131.05 135.00 a A MEFS R2AFMUROP SHE USD: 100.00F], EUR:
Slide 7: Operating income change analysis
20145 EF B2O +R BACT AVA Stee sooo | 2493 -2.567 ERE. 238 144 Ee FEMS +171 BRNZ +35 2500 4 400 2000 FEW +6 300 \ ORNS “13 6 1500 ad FEM +200 1000 2,101 Bes 4113 247 100 500 tUY—-ERRS ne ‘5 WERE +26 t) 26 2 RNS +4 (47 { -14 14 -37 118 105 LJ W) (8) rem FY2013 -FY2014.—- FY2014 Fy2013 FY2014—FY2014 [e
Slide 8: Q2 results key points
B2+H RMOR1VE (HAH BLL) EPSON XCEED YOUR veRION © HRBBRAIOSPRAMSMIEB. ARMRtLMHY, RLM LU RA MSHA Be EAH + ABORREE + —BREERSORAMEMIZASTIE O KBE ISL IEF IL, BRIVYI—AE BBY HE + ARERR TCE ATR + KAPOSTY LY S—O PRIEST + FOYL9S—O ARIE (BEML A—K BH) — REMGKRORERD — $HAO—-BEBO PMSA [K +. ORS SBRARAOVSERT | TIA
Slide 9: FY2014 forecast
20145 ERMF B 20134 OR / seh (1879) Rishi % TFB % Biave aan ceeveome §68610,084 8 - 10,400 | aaa Fe PRA 900 8.9% 920 8.8% +16.6% +14.1% SRA 795 7.9% 1,200 11.5% Be winine SIM Hs 779° 7.7% 1,190 11.4% Pr nee 4A AEE 844 84% 1,000 9.6% ‘ene eens 472.03 559.00 I EPS 7 ih 100.00 Al ALSTROAALOSME OM) 136.0
Slide 10: FY2014 revenue forecast
201455 BE RAG 18 (FELINE) DBRT AVL Al [EXGEED POUR vaso (18a) 12,000 10,000 8,000 2,000 ELE ae der) Ih FE bat 10,084 10,400 (zon | 5,030 [EREEY 5.370 Rize wy—eeme | o mermMAt: 468 “com * mere +0 | 4,000 [zeromees | +42 wOFB +10) i EMMI — +487 | on, wmEFB +180) " ° (8) (50) (-s0}—|Sttsem-mee (30_} (3
Slide 11: FY2014 operating profit forecast
20144 EMF A (WR) DWH T AEB EPSON 0 a ° 170 900 920 a 1,500 . 1250 1,000 760 250 0 LJ] Loo J [_-100 | [Frames | ‘a WISE MA be +11 MEF Bit +0 WUSE MA LE +182 WEF Bit +130 ev ER Wise LMA 0 WEF Bt +0 (a) e) eo} — FY2013 FY2014 FY2014 RH HOFB FFB 10 SHRA- MSR Wie watt 46 MEF Bit +0 {-210 | [-197} [-180 }
Slide 12: FY2014 forecast by segment
201457 RMPBORIUA XCEED youn WOR @ SESE PPMRSHECEOLBMIFIRBIRED. FRAME PLSCERC ERIC RV ATS @ FHOKMFTBILUFOSREBVAD PEPE © SR REAM OH MICAS RIIeeL — RM A. EMD SAST ELIA WORE | KB 75) 9EF ELVIN LI9—OBM Pee — WPHELOB RBH me — BMAOMRRA PARE ESLE + LMDSOPHOREMYAG (K+. —ORSIEBRABAORMERT | com aes | BRAG nare
Slide 13: Initiatives
201455 FORMA (Gea oe neon KEIM LIAL IEF IL (B®) > LVS Hh CB RAGRU, FREY BRIN 5et€ B (LM) (42 A BAS 300 ) 48) M ai #9008 wi —_ canal 250 —_ - 200 150 ° =, il more kM Fm 50 —+ —P 0 — _ : = FY10 FY11 ia TP aes FY13 ‘FY14 [ +m FR +6 FM Abas KBEMYINIIEF IL 12 > BARTS IE, ME RGR > PEM BR CRIM 12
Slide 14: Wearable products
201457 FHORUY AA Getta oe oN, Javxr94— > HPKESHAT OED. EDVARAIAR—LAITED SFA > BER ACERBAS Fda O HAR SEAL yyy IVAThL > LIVVOAP RAHEEM LE RHOMM MERA - GPS, €—Yarv, WABIIEED BUD * EAREARA + OA VFR _WristableG PS M-Tracer FORRUNNING For Golf 13
Slide 15: 2. Details
2. ih 14
Slide 16: 1) Q2 FY2014 results
1) 201455 B2+HRE EPSON 15
Slide 17: Quarterly results trend
PO RATE LINES PD BELT AVE All EPSON en Ba +000 2,493 2,838 2,532 2,462 ones 417 [ee] 2,500 ‘ 5 ty t—-ERRS ; Memmi +26 2,000 1,500 WISE RRA +6 100 [mena wemMi +200 500 0 2 - Beh {47 ] { 3 | {13 | (5 ] { 144 Wee = -62 2013/20 2013/3Q 2013/4Q 2014/11Q 2014/2Q
Slide 18: Segment results
VV V WV POF HATE E UR a eR D> RR 7 ALb (CERO Youn mbm (Fa) 2,500 2,000 1,500 1,000 500 17 2013/2Q 2,011 \ 2014/2 PC. tO ft Wise 7 Earn BSaiy—vay mreimit = +45 PELE tee 13/2Q "14/20 PRI 91% © 93% tt 9% 7% FLNR LE 13/2Q '14/2Q WP 70% 74% PP B% 6% BS 20% 18% SCNih 2% 2% LIAVHAWE * PRIT ILI. KM BITZED F
Slide 19: Segment results
POE HAZEL UNSER NAMB ALU (OCHED YO ees 18 (8A) 397 500 400 200 100 2013/2Q 2014/2Q meme +9 || * OF YF RRS ZB IEB Wise Me +3 * Kah: PSLALO—Yari= FY RUR IMA: DPV EU—O BE Fits Le 132Q "14/20 aKa 63% 58% +H 37% = 42% EFA AE 18
Slide 20: Segment results
+ RTH RUA SEB (FR) 1000 [eal 719 751 658 29.7% (FLMBH) 800 25.7% =—-25.4 2013/4Q 2014/1Q 2014/2Q +67 +21 WSF MAL +20 19
Slide 21: Segment results
VV V WV OHA RFE PBT AVbAl em) Eg 430 134 235 527 MMM +35 meemt +113 memMmt -13 UY ERR WISE Bl MAL +4 ALNMITT ARR {37} (96) (423) (91) (05) a3 -aan 201320 «=. 20133Q2013Q = 2014/1 -2014/20 memm -68 20 + BRNR2. KLCSPCRLMS, MRENAU—-REMRELRL TRH 20
Slide 22: Segment results
BRAS RAAA MH Otto Youn VON ee ({8F9) ee +67 +1 : mie zr | tote" +25 ED EY -49 =| 273 238 ™ ne _ Att Et) 0 See ec, zorszq sia 201420 * SHRACTAL RUSE AHS CMM ART ORB BAG ME- SROMRMOKRN 21 21
Slide 23: Balance sheet
MBKREHRS ERR BEB EPSON RESH (RE) 10,000 (gar) ° z : 2012/3% 2013/3% 2013/9% 2014/3% 2014/9% BARR BARH IFRS IFRS IFRS AA 2,000 _ (8A) 5 i i i : 2012/3 2013/3% 2013/93% 2014/37 2014/99 BARM BARR IFRS IFRS IFRS 22
Slide 24: Balance sheet ratios
MBC AS St BIR Bes [SEED YOUR wiBIOM FAFA AAT ARR (OF) 32.4% 34.9% s108 2,000 _o i pb 2013/3 2013/9% 2014/3 2014/9 BARE IFRS IFRS IFRS REHNOMAAMAT SD RSAMASR ROLE (B2RA- BERALE) sy } 33.3% 33.0% 32.8% = o— 2012/37 2013/35 2013/9% 2014/37 2014/95 BASS BARS IFRS IFRS IFRS 23 *HNFAR J-ARKERE 23
Slide 25: 2) FY2014 forecast
2) 2014 E FPSB 24
Slide 26: FY2014 revenue forecast
201455 BE RAG 18 (FELINE) DBRT AVL Al [EXGEED POUR vaso 10,000 6.000 4,000 2,000 12,000 10,084 10,400 | 10.600 Beery 5,030 [EREEY 5.370 Rize : 6,000 ; toy ERS | i] mer: +68 s mere +10 | *™ [pvanae | WISE MAE +42 WFBH +10) 3 [arene] “™ WERE = +467) more +180| " 0 (8) (50) (-s0}—|Sttsm-mea (30) (30) (
Slide 27: FY2014 forecast
PRANTL MEP E PRBS RLT AVE (18Fa) 10,000 6,000 4,000 2.000 26 2700 ON FY2014 —FY2014 RA MFR 4HFB PC. EO Hh WE MA ~46 MaF#t +20 Evari asai47—vav WE MAE +165 WEF Bit +60 Mem +353 WEFBt +100 ET AVEAIAK cary 420 EE «500 ESE 5.000 4,000 2.000 26
Slide 28: Segment forecast
BSAALILA PB PPV FAL ITV AF LBS [EXGEED POUR vaso A FELINE +H} FEELING EY. [x—s9uvs— | YATL Fy2013 © Fy2014.—FY2014 RA MFR 4HFR a 27
Slide 29: Segment forecast
FRAALNAP SPT NC AMSREBALTAYb EPSON MMA FELLING +H FELIU St (Fa) =e (FR) 1,487 1,520 1,530 810 94 710 vo °° 70 1 FERAL +39 MEF Bit +0 “ Memmi +10 MEF — +20 1H 1 2H Hd 2 3a MOS a5 pg =a ne 28
Slide 30: Segment forecast
BRATLMRPE RL IOF NA ABR Semoteons MAA FEL FR FEL “mo 929 | 920 oP 00 EN «20 1,000 at FY2013 FY2014~—«FY2014 HP 2 ea NEF saFR og 8 DORs
Slide 31: FY2014 forecast
2014 ERM BE (BRAM) PBRLT AEA vom (ooo [920 | soo 300 EEN 50 ON ‘i a [Fane | * WISE MA be +11) p00 1,250 MEF Bt +0 “ [wanes |” 750 MRM +182 MEFBt +130) 500 im tu+—eeee | WISE MALL 0 0 MEF Bte +0! 9 L_9 | | -100 | [_-100 | (343) (390) (490}—|4ita-wem (-210 } (-197} [-180) [-192 } FY2013. -FY2014 «= FY
Slide 32: Capex and depreciation
BTS AL + LATED a F 48 EXDEED YOUN EON DMR dam RATED 500 500 ee 411-389 47g «= 81393 a7 407 318 0 FY2010 FY2011 FY2012 FY2013 FY2014 Beier BARR BARS IFRS IFRS KH ba] [<e7tmeR> | FY20139Re FY2014F 28 RRR AERMR MRR Bob tt 268 273 340 310 FARMER 80 76 90 80 tv+—-a2ea8 8 e 20 10 FN8-2H4RA 20 49 50 40 31
Slide 33: Free cash flow
W-*vyya7o—FHeB LED Ton RN ({8FA) (59 BR4evra70-— — RRAry>sa70— 1,220 W~—sayvaz7a— 1,148 1,000 736 750 429 323 266 8&7 34 ° -236 315 -395 412 “a70 1,000 FY2010 FY2011 FY2012 FY2013 FY2014 BARR BARR BARR IFRS IFRS 32 RA FB 32
Slide 34: Return metrics
ERREBEORS tecten oun rao (%) 30.0 Roa. (BRR) HRA EM) ord, 26.3 (FRS) ARSHRRNSE RRHS- RASH (FH) (BABS) RRNSALM “ROS: [eRS) ALREBRMEE KANE RIGS 20.0 Rog. (HFRR) SmRHBEeReCTR) (IFRS) | SRSA ATA TMS MISE RRLOMAN RTS AMH BRE OFA BMET SH PM) 11.4 10.0 9.9 37 34 0.0 -4.0 -10.0 FY2010 FY2011 FY2012 FY2013 F
Slide 35: EPSON Exceed Your Vision
EPSON EXCEED YOUR VISION 34