Nippon Parking Development Co., Ltd. · TSE:2353

Nippon Parking Development — FY2010 Earnings Presentation

30 slides from Nippon Parking Development's earnings presentation, 2010

  1. Slide 1: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    2010 7 ( 19 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  2. Slide 2: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    - - - - - ‐ Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  3. Slide 3: Consolidated results summary

    - - : 2010 2009 7 7 8,664 7,870 +794 +10.1% 9,030 △365 △4.0% 1,481 1,258 +223 +17.7% 1,430 +51 +3.6% 1,116 1,168 △51 △4.4% 1,353 △236 △17.5% 765 613 +151 +24.7% 670 +95 +14.2% ① ② 4 25 (+151 ) ① △51 ② △102 ⇒ +15 118 ③ △451 ⇒ △367 84 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Res

  4. Slide 4: Operating profit change analysis

    △364 +47 +50 △58 △378 : 15 +224 △174 △364 △17 +!5 △367 1,481 1,116 1,132 765 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  5. Slide 5: Non-consolidated results summary

    – - : 2010 2009 7 7 7,520 7,341 178 2.4% 7,850 △329 △4.2% 1,424 1,266 157 12.5% 1,385 39 +2.9% 1,073 1,191 △118 △9.9% 1,325 △251 △19.0% 514 644 △129 △20.1% 652 △137 △21.0% (51 687 2 18.9 17.3 1.6 ① 1.2 2009 7 37.7 ⇒ 2010 7 38.9 ② 0.4 2009 7 20.4 ⇒ 2010 7 20.0 Copyright © 2010 NIPPON PARKING DEVELOPM

  6. Slide 6: Sales change analysis

    +163 7,520 △2 △14 115 + 1.5% 7,341 260 3.5% 129 1.7% ① 178 (2.4% ) ② 20 ③ 2009 7 263 3.6% A) 102 101 1,513 B) △51 △68 20.1% C) 51 33 1,349 18.4% ④ 95 0.3 2009 7 94.7 5,598 5,630 76.3% ⑤ 74.9% 09/7 ’09/7 10/7 10/7 ’10 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  7. Slide 7: Cost and gross profit analysis

    7,520 +38 +9 △16 +45 70 +41 7,341 +63 0.9% △3 312 87 1.2% 4.2% 274 243 3.7% 3.2% 233 ① 50 311 3.2% ② 4.1% 266 3.6% ③ 698 9.3% 701 1 9.6% ④ 5 2,101 2,060 28.0% 28.1% 3,781 3,717 50.3% 50.6% 09/7 ’09/7 10/7 10/7 ’10 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  8. Slide 8: Number of parking spaces under management

    ( ( ) 12,000 65 70 3 33 65 58 10,000 60 4,214 10,148 49 2.4 50 8,000 40 33 6,000 10,148 30 8,873 4,000 6,492 20 2,000 4,214 10 0 0 07/7 08/7 09/7 10/7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  9. Slide 9: Trends in parking facilities

    ( ) ( ) 15,000 622 700 3 111 2,529 554 578 600 12,000 511 2009 7 24 500 2010 7 44 2009 7 34 9,000 400 2010 7 21 12,342 13,217 300 6,000 11,652 10,688 200 3,000 100 0 0 07/7 08/7 09/7 10/7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  10. Slide 10: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    ① ② 1,000 802 1. 800 757 745 698 1,500 1,502 600 0.2% 400 2. 59 8.5 56 200 (7.1%) 0 '09/7 '10/7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  11. Slide 11: Operating profit analysis

    +93 +56 1,424 157 (12.5%) B C1 C2 : +67 △59 1,266 A A) 67 7,520 ’10 7,341 ’09 ×37.7% ’09 B) +93 7,520 ×1.2% ’10 ’09 C) SGA 20.4% 20.0% 0.4 1. C1 ⇒ △59 2. C2 ⇒ +56 09/7 10/7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  12. Slide 12: Cash flow

    - - 8,000 4,000 3,688 6,471 673 △1,141 OCF 1,529 6,000 5,798 3,000 ICF △203 2,547 CF +1,325 4,000 2,000 2,000 1,000 0 0 '09/7 '10/7 '09/7 '10/7 CF CF ⇒ 165 2008 7 2010 7 1,325 CF 678 673 1,141 ⇒ 26.1% 29.7% 2010 7 30 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  13. Slide 13: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  14. Slide 14: Initiatives for FY2011

    2010 7 ① ② 2011 7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  15. Slide 15: Sales trends and measures

    7,341 7,520 178 2.4% 178 ② △104 ① △16 297 178 09/7 10/7 10/7 2 ① 51 75 297 ② 104 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  16. Slide 16: New contracts and cancellations

    ① 2010 7 51 2010 7 51 102 △51 51 21 ⇒ 新規契約数 解約件数 30 120 101 102 ⇒ 80 68 51 40 0 '09/7 '10/7 110 120 △30 45 ⇒ 75 102 2009 7 ⇒ 51 2009 7 2010 7 21 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  17. Slide 17: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    ② 2010 7 2009 7 2,711 2,698 12 0.5% 2,816 2,988 △172 △5.8% 1,316 1,261 54 4.3% 6,843 6,948 △104 △1.5% ⇒ 2009 3 27 172 33 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  18. Slide 18: Quarterly margin trend

    41.0% 40.5% 40.5% 40.0% 39.5% 39.1% 39.0% 38.5% 38.1% 37.9% 38.0% 37.5% 37.0% 36.5% '10/7 1Q '10/7 2Q '10/7 3Q '10/7 4Q • ⇒ • 21 ⇒ Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  19. Slide 19: FY2011 contract plan

    2011 7 新規契約数 解約件数 150 120 2011 7 80 101 102 100 68 ⇒ 51 40 50 100 120 △20 △40 0 '09/7 '10/7 '11/07 2010 7 ⇒2011 7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  20. Slide 20: FY2011 non-consolidated forecast

    2011 7 ⇒ ⇒ 2011 2011 7 100 120 ⇒ ‘11/7 ‘10/7 15 8,270 7,520 +10.0% 1,650 1,424 +15.8% 10 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  21. Slide 21: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  22. Slide 22: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  23. Slide 23: Sales and operating profit by business

    4 2010 7 56 売上 営業利益 1,250 1,144 80 56 1,000 40 0 750 07/7 08/7 09/7 10/7 -40 500 338 -80 250 -120 △112 0 -160 07/7 08/7 09/7 10/7 07/7 08/7 09/7 10/7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  24. Slide 24: Market data

    ① ② 3 07-08 08-09 09-10 06-07 7,642 8,153 +6.7 7,623 ▲6.5 7,183 ▲5.8 1,728 1,890 9.4 1,787 ▲5.5 1,577 ▲11.8 101 145 43.9 147 1.2 164 11.6 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  25. Slide 25: 78ha 95ha

    2009 11 09 10 164 164 271 78ha 95ha 8 1 13 22 15 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  26. Slide 26: NSD NPD NSD

    NSD : NPD NPD NSD NSD Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  27. Slide 27: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  28. Slide 28: Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

    2011 7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  29. Slide 29: Next fiscal year plan summary

    来期計画まとめ 15 1 150 2010 7 100 ‘11/7 ‘10/7 9,470 8,664 +9.3% 1,715 1,481 +15.8% 1,405 1.116 +25.8% 805 765 +5.2% ‘11/7 ‘10/7 8,270 7,520 +10.0% 1,650 1,424 15.8% ‘11/7 ‘10/7 1,200 1,144 +4.9% 65 56 +15.2% Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

  30. Slide 30: ROE and shareholder returns

    2009 7 ’06/7 ’07/7 ‘08/7 ’09/7 ‘10/7 20.3% 13.5% 15.7% 16.0% 25% 17% 32.9% 19.5% 24.3% 14.8% 25% 13% 37.3% 25.3% 25.2% 26.1% 30% 30% ROE 49.5% 30.0% 25.9% 35.0% 40% 45% 2010 7 ROE 2011 7 2010 7 Copyright © 2010 NIPPON PARKING DEVELOPMENT Co.,Ltd. All Rights Reserved

Nippon Parking Development — FY2010 Earnings Presentation on 6ix