Bridgestone Corporation · TSE:5108
Bridgestone — FY2008 Earnings Presentation
13 slides from Bridgestone's earnings presentation, Feb 19, 2009
Slide 1: Financial Results for Fiscal 2008
Financial Results for Fiscal 2008 Bridgestone Corporation February 19, 2009 1 Today’s subjects ■Business and Financial Performance Consolidated Results for Fiscal 2008 Consolidated Projections for Fiscal 2009 ■The Bridgestone Group’s Management Approach and Responses to Current Business Environment
Slide 2: Consolidated Results for Fiscal 2008
Business and Financial Performance 3 Consolidated Results for Fiscal 2008 Reference February 10, ’09 (Yen in billions) Announcement 2007 2008 2008 Results Results vs. PY (%) Projections Net Sales 3,390.2 3,234.4 (5) 3,230.0 Tires 2,755.9 2,629.1 (5) Diversified Products 656.3 625.5 (5) Operating Inc
Slide 3: Analysis of Consolidated Operating Income for Fiscal 2008
Analysis of Consolidated Operating Income for Fiscal 2008 Foreign Exch. (Yen in billions) Loss 260 △45.0 240 Raw Materials 220 △190.0 200 180 Price, Mix, 160 Volume etc. 140 +128.6 120 249.9 100 Exchange rate 80 sensitivity 60 (full year) Expansion of 131.5 1USD：1.5 bil. Yen 40 Depreciation Strategi
Slide 4: Raw Material Costs and Price Increases; Projections for Fiscal 2009
Raw Material Costs and Price Increases Impact from Raw Material Cost Increases and Price Increase Contributions Natural Rubber/Crude Oil Market Conditions Amount that cannot be managed （Year average） though price increases US$/BBL US￠/kg ’03～’08：JPY 440.0Bil 120.00 300.00 Amount (JPY Bil) 100.00 250
Slide 5: Analysis of Consolidated Operating Income for Fiscal 2009
Analysis of Consolidated Operating Income for fiscal 2009 (Yen in billions) 130 110 Volume, Price, 90 Mix etc. △119.5 70 131.5 Foreign Exch. Raw Materials 50 Loss +99.0 △62.0 30 45.0 10 -10 Exchange rate Expansion of sensitivity Strategic -30 (full year) Depreciation Products 1USD：1.4 bil. Yen △15.0
Slide 6: Results and Projections: Japan and The Americas
Financial Results and Projections : Japan Segment (Yen in billions) 2007 2008 2009 Results Results vs. PY(%) Projections vs. PY(%) Net Sales 1371.7 1321.9 (4) 1,060.0 (20) Operating 147.5 68.9 (53) 17.0 (75) Income Operating Income Margin (%) 10.8 5.2 1.6 11 Financial Results and Projections : The A
Slide 7: Results and Projections: Europe and Other Regions
Financial Results and Projections : Europe Segment (Yen in billions) 2007 2008 2009 Results Results vs. PY(%) Projections vs. PY(%) Net Sales 516.0 474.8 (8) 360.0 (24) Operating 17.2 (4.8) - (8.0) - Income (＊) Operating Income Margin (%) (＊) 3.3 (1.0) (2.2) (*) Figures within parentheses mean opera
Slide 8: Dividends
Dividends (yen per share) 2008 2009 Results Projections Interim dividend 13 8 Year-end dividend (＊) 11 8 Total 24 16 (*) Proposed at the 90th Annual Shareholders’ Meeting held on March 26, 2009 15 The Bridgestone Group’s Management Approach and Responses to Current Business Environment 16
Slide 9: Management Approach and 2009 Urgent Countermeasures
Management Approach and Responses to Current Business Environment ■Management approach ・ Mid-term Management Plan (MTP): Annual rolling updates, based on assumption that business environment changes. ・ Annual plan: Incorporates main thrust of MTP while responding to latest changes in business enviro
Slide 10: Measures Being Enhanced: Eco-friendly and Strategic Products
Management Approach and Responses to Current Business Environment ■Measures being enhanced 1. Enhancing eco-friendly products and businesses ECOPIA lineup: Launch full-fledged global roll-out EVA film for solar modules: Investment underway to increase production at Iwata Plant Solar modules that use
Slide 11: Solutions Business Using Retread Tires; Strengthen Retail Channels
Management Approach and Responses to Current Business Environment 3. Solutions business utilizing retread tires Start-up of operations at first retreading factory Enhance development of Opening of Retread Tire Learning Center solutions business Retread Tire Learning Center, Tire retreading process o
Slide 12: Management Stance for Fiscal 2009; Disclaimer
Management stance for fiscal 2009 ■Business environment in 2009 -Facing a challenging operating environment while implementing urgent countermeasures -Exchange impact of the stronger Japanese yen, rapid decline in sales and production volume and time-lag required until lower prices of raw materials
Slide 13: END
IMDGESTONE END 25 RIDGESTONE PASSION for EXCELLENCE