Daifuku Co., Ltd. · TSE:6383
Daifuku — Q1 FY2019 Earnings Presentation
15 slides from Daifuku's earnings presentation, Aug 8, 2019
Slide 1: Consolidated Financial Results
Consolidated Financial Results First Quarter of the Fiscal Year Ending March 31, 2020 (April 1, 2019 - June 30, 2019) August 8, 2019 DAIFUKU CO., LTD.
Slide 2: Fiscal 2019 Q1 Highlights (April 1, 2019 - June 30, 2019)
Fiscal 2019 Q1 Highlights (April 1, 2019 - June 30, 2019) 1 ✓ Orders: Reflected a delay in the timing of receiving orders and other factors ✓ Sales: Held largely steady year-on-year ✓ Operating income: Reflected changes in the environment surrounding the semiconductor and flat-panel display sectors
Slide 3: FY2019 Q1 Results (Consolidated)
FY2019 Q1 Results (Consolidated) 2 (Billion yen) FY2018 Q1 FY2019 Q1 Year-on-year results results Orders 129.17 100.46 -22.2% Net sales 97.27 96.16 -1.1% Operating income 8.50 6.42 -24.5% ✓ A gain on the sale of shares in Ordinary income 8.97 6.55 -27.0% affiliates (Knapp AG) of 6.94 Net income attr
Slide 4: FY2019 Q1 Results by Segment
FY2019 Q1 Results by Segment 3 (Billion yen) Orders Net sales Segment income (Net income attributable to (Orders from outside customers) (Sales to outside customers) shareholders of the parent company) FY2018 Q1 FY2019 Q1 FY2018 Q1 FY2019 Q1 FY2018 Q1 FY2019 Q1 ✓ Daifuku: A gain on the sale of share
Slide 5: Consolidated Balance Sheets
Consolidated Balance Sheets 4 (Billion yen) FY2018 FY2019 Q1 Change FY2018 FY2019 Q1 Change ✓ Total assets: Current assets 326.23 312.81 -13.42 Current liabilities 155.96 148.00 -7.95 Decreased by 8.8 billion yen Cash on hand and Notes and accounts in banks 90.91 82.43 -8.48 payable 71.79 65.31 -6.4
Slide 6: Orders and Sales by Industry (Consolidated)
Orders and Sales by Industry (Consolidated) 5 (Billion yen) Orders Sales FY2018 Q1 FY2019 Q1 FY2018 Q1 FY2019 Q1 Industry Orders Composition Orders Composition Sales Composition Sales Composition Automobile, auto parts 19.25 14.9% 13.05 13.0% 14.19 14.6% 12.80 13.3% Electronics 57.31 44.4% 36.81 36.
Slide 7: Orders by Region (Consolidated)
Orders by Region (Consolidated) 6 (Billion yen) 70% 70% 64% 5.8 1.7 53% 6.8 Ratio to net orders 4.4 Other 60.4 3.2 Europe 57.9 3.0 Asia 1.9 37.3 North America 1.2 35.6 14.0 20.5 20.4 Japan 15.0 Ratio to net sales 44.8 39.3 36.3 28.3 FY2016 Q1 FY2017 Q1 FY2018 Q1 FY2019 Q1 Non-Japan Total 32.2 103.7
Slide 8: Orders by Region (Consolidated)
Orders by Region (Consolidated) 7 (Billion yen) FY2016 Q1 FY2017 Q1 FY2018 Q1 FY2019 Q1 Region Orders Composition Orders Composition Orders Composition Orders Composition Japan 28.38 46.8% 44.86 30.2% 39.38 30.5% 36.32 36.2% Non-Japan 32.28 53.2% 103.70 69.8% 89.78 69.5% 64.14 63.8% North America 15
Slide 9: Sales by Region (Consolidated)
Sales by Region (Consolidated) 8 (Billion yen) 69% 71% 72% 65% 3.5 3.7 3.4 2.4 2.1 Ratio to net sales 5.0 2.2 Other 1.8 41.2 40.4 29.8 Europe 23.5 Asia North America 22.8 22.1 22.6 17.4 Japan Ratio to net sales 26.0 26.7 28.0 27.1 FY2016 Q1 FY2017 Q1 FY2018 Q1 FY2019 Q1 Non-Japan Total 47.9 58.3 69.
Slide 10: Sales by Region (Consolidated)
Sales by Region (Consolidated) 9 (Billion yen) FY2016 Q1 FY2017 Q1 FY2018 Q1 FY2019 Q1 Region Sales Composition Sales Composition Sales Composition Sales Composition Japan 26.03 35.2% 26.74 31.4% 28.01 28.8% 27.12 28.2% Non-Japan 47.99 64.8% 58.31 68.6% 69.26 71.2% 69.03 71.8% North America 17.45 23
Slide 11: Service Sales (Consolidated)
Service Sales (Consolidated) 10 (Billion yen) %: Ratio to net sales 29% 24% 24% 23% ✓ Sales remained almost flat. 21.2 23.2 22.4 20.6 Note: Sales in the service business include FY2016 Q1 FY2017 Q1 FY2018 Q1 FY2019 Q1 maintenance, retrofitting, and remodeling work for products and systems Daifuku Y/
Slide 12: FY2019 Forecast (Consolidated)
FY2019 Forecast (Consolidated) 11 (Billion yen) FY2019 H1（Forecast） FY2019（Forecast） FY2018 H1 Announced Revised on FY2018 Announced Revised on on May 10, August 8, Year-on-year on May 10, August 8, Year-on-year 2019 2019 2019 2019 Orders 269.83 280.0 240.0 -11.0% 503.39 530.0 510.0 1.3％ Net sales 2
Slide 13: Quarterly Orders and Sales (Consolidated)
Quarterly Orders and Sales (Consolidated) 12 (Billion yen) Orders Sales 148.5 140.6 139.5 Forecast for the second 129.1 128.8 half of FY2019 270.0 120.8 119.9 100.4 ✓ Orders are projected to 109.4 112.7 113.4 103.1 118.1 97.2 128.7 Forecast for the second half of FY2019 250.0 increase in the second
Slide 14: Order Backlogs (Consolidated)
Order Backlogs (Consolidated) 13 (Billion yen) 398.4408.4 388.4 373.6 362.7 358.5 358.4 346.4 326.8 314.0 314.5 ✓ The order backlog at the end 294.9 of FY2019 is projected to increase by 50.0 billion yen 231.4 218.5 year on year. 192.3 182.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2016 FY2
Slide 15: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m