Torishima Pump Mfg.co., Ltd. · TSE:6363

Torishima Pump Mfg.co — Q2 FY2023 Earnings Presentation

29 slides from Torishima Pump Mfg.co's earnings presentation, Nov 10, 2023

  1. Slide 1: Consolidated Financial Results for the 2nd Quarter of FY2023

    Consolidated Financial Results for the 2nd Quarter of FY2023 (April 1st 2023 ~ September 30th 2023) 10th November, 2023 TORISHIMA PUMP MFG.CO.,LTD. 1

  2. Slide 2: Agenda

    【1】Financial Results for the 2Q FY2023 【2】FY2023 Full-Year Forecast 【3】Torishima Growth Strategy – toward the Next Stage- 2

  3. Slide 3: 2Q FY2023 Highlights

    2Q FY2023 Highlights  Orders received remain at the same level as the Q2 FY2022 driven by continued strong order activities from overseas.  Order backlog is the largest ever at ¥99.4 billion.  Sales increased significantly due to large overseas projects.  Despite a large increase in SG&A expense

  4. Slide 4: 2Q FY2023 Financial Results Outline

    2Q FY2023 Financial Results Outline Billions of yen Y0Y billions of yen  Orders Received … 45.0 - 0.4  Sales … 33.9 +8.8  Operating Income … 1.9 +0.9  Ordinary Income … 1.9 +0.7  Net Income … 1.3 +0.5 4

  5. Slide 5: 2Q FY2023 Consolidated Financial Results

    2Q FY2023 Consolidated Financial Results Orders Received: 10.1% increase in public-sector, 10.3% decrease in private-sector, overseas orders remained strong despite a slight decrease by 2.6%, resulting in an overall decrease of 0.9% to 45.0 billion yen. Sales: 14.0% decrease in public-sector, 29.7%

  6. Slide 6: 2Q FY2023 Financial Results (Non-consolidated / Subsidiaries)

    2Q FY2023 Financial Results（Non-consolidated / Subsidiaries） ■Non-consolidated Billions of yen ■ Subsidiaries Billions of yen YOY YOY 2Q 2Q 2Q 2Q FY2022 FY2023 Amount % FY2022 FY2023 Amount % Sales 19.1 26.3 +7.2 +37.7% 9.6 11.7 +2.1 +21.9% Gross Operating Income 4.1 6.4 +2.3 3.2 3.9 +0.7 +56.1% +21

  7. Slide 7: FY2023 Full-Year Forecast

    【1】Financial Results for the 2Q FY2023 【2】FY2023 Full-Year Forecast 【3】Torishima Growth Strategy – toward the Next Stage- 7

  8. Slide 8: Forecast of the Full-year Results for FY2023

    Forecast of the Full-year Results for FY2023 No change for full-year plan. Both sales and incomes are expected to reach record highs. Billions of yen FY2023 1H FY2023 FY2022 Results YOY Results Full Year Forecast Orders received 89.0 45.0 70.0 -19.0 Sales 64.7 33.9 75.0 +10.3 Operating income 5.9 1.

  9. Slide 9: Torishima Growth Strategy

    【1】Financial Results for the 2Q FY2023 【2】FY2023 Full-Year Forecast 【3】Torishima Growth Strategy – toward the Next Stage- 9

  10. Slide 10: To be Indispensable to Society

    Torishima’s Materliality We continue to strive, solving social issues, aiming to be an indispensable company for society. To be Indispensable to Society Global Social Issues Torishima’s Materliality Products and Services 1. Boost Energy-efficiency Initiative with the Global warming Key issues for Cr

  11. Slide 11: Achieved World's highest pump efficiency MEI≥0.70

    Oct. 2023 Start to sales activities for the Super Eco-Pump Achieved World's highest pump efficiency MEI≥0.70 SEP Develop impeller with Pump efficiency higher efficiency than conventional models ※MEI Achieve Abbreviation for Minimum Efficiency Index, the lowest efficiency index higher efficiency in E

  12. Slide 12: Delivered pumps for verification test of 20% ammonia co-firing

    Oct.2023 Development and manufacture of fuel ammonia pumps Steady progress towards commercialization in 2027 2023 present 2030 2050 supply volume supply volume supply volume 1.8 mil ton 2027 3.0 mil ton 30 mil ton 2021 2022 2024 2025 commercialization ～2040 Verification test for co-firing Expand the

  13. Slide 13: Joint effort with HERMETIC on fuel ammonia pumps

    Oct. 2023 In response to the demand for larger sized fuel ammonia pumps, Torishima, with 100 years of experience in power generation pumps, and HERMETIC, the world's leading manufacturer of canned motor pumps, have joined forces to meet this market need. Joint seminars held in Tokyo and Osaka on 24t

  14. Slide 14: Liquefied Hydrogen Boosting Pump adopted by NEDO

    May. 2023 “Development of Large Flow Rate, High Pressure, High Efficiency Liquefied Hydrogen Boosting Pump” was adapted by NEDO “Development of Technologies for Building a Competitive Hydrogen Supply Chain” The Image of hydrogen receiving terminal in the future Development of hydrogen pump with 200,

  15. Slide 15: NEDO document excerpt

    Jun. 2023 This is the English version of the NEDO official document(P5) translated with Torishima’s responsibility 15

  16. Slide 16: First hydrogen pump unit completed

    Nov. 2023  Completed manufacturing of the first pump unit.  Scheduled to be tested in a test loop using liquefied nitrogen in Torishima HQ.  Actual fluid test with hydrogen will be held Constructed a test loop using liquefied nitrogen in Torishima HQ, Osaka Japan Actual liquid test with hydrogen

  17. Slide 17: Land acquired in Egypt for service facility

    Jul. 2023 202年7月 In response to recent large-scale orders in Egypt, Torishima acquired land in the country and plans to open a service facility (in FY2024), General Authority of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a contract to allocate an area of 30 thousand square meter

  18. Slide 18: Collaboration agreement with Waterise for subsea desalination

    Aug. 2023 Collaboration agreement with Waterise of Norway for a Subsea desalination. The Waterise system has a number of key advantages over conventional terrestrial RO plants such as a 40% reduction on Specific Energy Consumption (SEC) and requires 80% less land. As the system is located at 500m se

  19. Slide 19: Strategic partner for Waterise RO system

    Aug. 2023 Trishima is a strategic partner to provide exclusive pumps for Waterise's RO system. We will contribute to the sustainable production and supply of water. Strategic Partners（Waterise website） Outline of Waterise ・Waterise Solutions AS ・founded: 2018 A Norwegian company that aims to bring i

  20. Slide 20: Air-cooled Water-resistant Pump

    Jul. 2023 Jointly developed Air-cooled Water-resistant Pump with TMEIC (Toshiba Mitsubishi Electric Industrial Systems Corporation), one of the largest motor manufacturers. Nikkei XTEC website 20

  21. Slide 21: Appendix

    Appendix 21

  22. Slide 22: Orders Received, Sales and Orders Backlog by Segment

    Orders Received, Sales and Orders Backlog by Segment Millions of yen 2Q FY2021 2Q FY2022 Orders Orders Orders received Sales Orders received Sales backlog backlog Public-sector 9,426 5,742 18,956 10,379 4,937 26,422 YOY -15.3% 2.5% -8.4% 10.1% -14.0% 39.4% Private-sector 6,211 4,687 9,721 5,571 6,08

  23. Slide 23: Orders Received, Sales and Orders Backlog by Segment

    Orders Received, Sales and Orders Backlog by Segment 40,000 Orders received 50,000 25,000 Sales 40,000 35,000 40,000 20,000 30,000 30,000 30,000 15,000 25,000 20,000 20,000 20,000 10,000 15,000 10,000 10,000 10,000 5,000 5,000 0 0 0 0 2019.2Q 2020.2Q 2021.2Q 2022.2Q 2023.2Q 2019.2Q 2020.2Q 2021.2Q 2

  24. Slide 24: Orders Received, Sales and Orders Backlog by Business Domain

    Orders Received, Sales and Orders Backlog by Business Domain Millions of yen 2Q FY2020 2Q FY2021 Orders Orders Orders Orders Sales Sales received backlog received backlog High-tech pump 21,253 9,573 43,757 19,318 18,120 47,737 YOY 98.6% 9.7% 93.3% - 9.1 89.3% 9.1% Project 11,601 7,383 28,203 11,456

  25. Slide 25: Orders Received, Sales and Orders Backlog by Business Domain

    Orders Received, Sales and Orders Backlog by Business Domain 25,000 Orders received 50,000 20,000 Sales 40,000 35,000 20,000 40,000 15,000 30,000 25,000 15,000 30,000 10,000 20,000 10,000 20,000 15,000 5,000 10,000 5,000 10,000 5,000 0 0 0 0 2019.2Q 2020.2Q 2021.2Q 2022.2Q 2023.2Q 2019.2Q 2020.2Q 20

  26. Slide 26: 2Q FY2023 Orders Received by Business Domain and Segment

    2Q FY2023 Orders Received by Business Domain and Segment 0.4 10.4 Environment & 13.8 New Energy Public-sector Service Solutions 19.3 High-tech Pumps Segment Business Domain 45.0 45.0 billion yen 5.6 billion yen 29.0 Private-sector 11.5 Overseas Project High-tech Pumps Public-sector Large-size engine

  27. Slide 27: Orders Received Breakdown by Region

    Orders Received Breakdown by Region Billions of yen Breakdown Japan Overseas Total Asia Middle East Others 16,658 13,228 4,788 2,831 5,609 2Q FY2020 (55.7%) (44.3%) (16.0%) (9.5%) (18.8%) 29,886 15,637 29,795 7,599 7,958 14,238 2Q FY2021 (34.4%) (65.6%) (16.7%) (17.6%) (31.3%) 45,432 15,950 29,011 7

  28. Slide 28: Sales Breakdown by Region

    Sales Breakdown by Region Billions of yen Breakdown Japan Overseas Total Asia Middle East Others 10,411 10,972 3,474 5,497 2,001 2Q FY2021 (48.7%) (51.3%) (16.2%) (25.7%) (9.4%) 21,383 10,429 14,701 5,058 4,646 4,997 2Q FY2022 (41.5%) (58.5%) (20.3%) (18.3%) (19.9%) 25,130 11,018 22,859 5,283 4,109

  29. Slide 29: Inquiries

    Forecasts regarding future performance in these materials are based on judgment made in accordance with information available at the time this presentation was prepared. Therefore, please notice that there is a risk or uncertainty that the actual results may be different from these predicted results

Torishima Pump Mfg.Co.,Ltd. — Q2 FY2023 Earnings Presentation on 6ix