Unipres Corporation · TSE:5949

Unipres — Q3 FY2018 Earnings Presentation

28 slides from Unipres's earnings presentation, 2018

  1. Slide 1: FY2018 3rd Quarter Financial Results

    FY2018 3rd Quarter Financial Results

  2. Slide 2: FY2018 3Q Financial Results; Forecast for the FY2018

    FY2018 3Q Financial Results Forecast for the FY2018 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2

  3. Slide 3: FY2018 3Q Financial Results

     FY2018 3Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3

  4. Slide 4: Key Highlights for Q3, FY2018 (consolidated-basis)

    Key Highlights for Q3, FY2018 (consolidated-basis) １ . While affected by customer’s production cut, sales revenue increased year-on-year due to the impact of weaker yen exchange rates. ２. Operating income decreased mainly as a result of production reduction by customer. Copyright© UNIPRES CORPORATIO

  5. Slide 5: Summary of Q3, FY2018

    Summary of Q3, FY2018 Transition in business results 300 Net Sales (billion yen Net sales 241.1 241.1 242.9 営 20 224.6 224.6 250 売 Operating profit (billion yen) 業 上 Operating profit 200 高 利 益 150 （ 億 （ 10 億 17.7 円） 15.5 100 円 13.9 ） ） 50 0 0 3Q, FY2016 3Q, FY2017 (A) 3Q, FY2018 (B) (B) - (A) Net sa

  6. Slide 6: Consolidated Sales by Product Group

    Consolidated Sales by Product Group (billion yen) 3Q, FY2017 3Q, FY2018 Variance Variance Sales % Sales % % Car body press products 201.5 83.6% 202.5 83.4% +1 -0.2% Transmission products 34.9 14.5% 34.8 14.3% -0.1 -0.2% Plastic 3.0 1.2% 3.1 1.3% +0.1 +0.1% products Other 1.7 0.7% 2.5 1.0% +0.8 +0.3%

  7. Slide 7: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 3Q, FY2017 3Q, FY2018 Variance Sales % Sales % Nissan Motor-related products Sub-total 202.0 83.8% 204.4 84.1% +0.3% Dongfeng Motor Company Ltd. 38.1 15.8% 44.6 18.4% +2.6% Nissan Motor 36.2 15.0% 31.3 12.9% -2.1% JATCO (Incl. overseas operations) 29.6 12

  8. Slide 8: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 3Q, FY2017 3Q, FY2018 Variance Sales % Sales % Other customers Sub-total 39.1 16.2% 38.5 15.9% -0.3% Incl.) Honda of America Mfg., Inc. 5.0 2.1% 4.8 2.0% -0.1% Honda of The U.K. Manufacturing Ltd. 3.4 1.4% 4.0 1.7% +0.3% Honda Motor Co., Ltd. 2.9 1.2% 2.2

  9. Slide 9: Operating Profit Variance Analysis

    9 FY2018 13.9 ※ Exchange gain or loss ：0 3Q 1.9 Cost saving -0.3 -0.4 Others Operating Profit Variance Analysis Consolidation -1.0 0.2 adjustment Initial cost for -0.3 -1.0 new car model parts -0.3 Production reinforcement -0.5 0.2 SG&A -0.3 -0.3 Depreciation and amortization -3.0 Volume fluctuation

  10. Slide 10: Sales/Operating Profit by Region (Japan)

    Sales/Operating Profit by Region (Japan) (billion yen） （billion yen） Net sales Operating profit 100 10 50 5 74.7 77.8 74.1 6.3 6.3 4.1 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales dropped by 4.8% due to customers’ reduced production. ※ Operating profit increased slightly a

  11. Slide 11: Sales/Operating Profit by Region (The Americas)

    Sales/Operating Profit by Region (The Americas) （billion yen） （billion yen） Net sales Operating profit 120 6 90 60 3 4.9 4.4 77.0 76.7 73.0 30 1.7 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales dropped by 4.8% due to customers’ reduced production and forex impact. ※ Operatin

  12. Slide 12: Sales/Operating profit by Region (Europe)

    Sales/Operating profit by Region (Europe) （billion yen） （billion yen） Net sales Operating profit 30 1.5 20 1 26.8 27.9 23.3 10 0.5 0.9 0.8 0.5 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales increased by 4.1% due to the impact of exchange rate etc. ※ Operating income decrease

  13. Slide 13: Sales/Operating Profit by Region (Asia)

    Sales/Operating Profit by Region (Asia) （billion yen） （billion yen） Net sales Operating profit 80 8 60 6 40 4 67.9 59.7 5.8 6.0 5.5 49.6 20 2 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales increased by 13.7% due to the effect from exchange rate etc. ※ Operating income increa

  14. Slide 14: Capital Investment

    Capital Investment （billion yen） 40 国内実績 business results Domestic 海外実績 business results Overseas Annual plan (30.0) 30 23.2 20.0 20 18.4 9.2 6.9 17.0 7.3 5.1 10 13.1 14.0 11.9 11.1 0 FY2015 2015年度 FY2016 2016年度 FY2017 2017年度 3Q , FY2018 2018年度 Copyright© UNIPRES CORPORATION, All Rights Reserved. 14

  15. Slide 15: Depreciation and Amortization

    Depreciation and Amortization （billion yen） 40 Depreciation and amortization 減価償却費 Capital investment 設備投資 Annual plan (30.0) 30 Annual plan (19.0) 20 23.2 10 18.4 18.3 20.0 18.6 17.0 17.7 13.7 0 2015年度 FY2015 2016年度 FY2016 2017年度 FY2017 2018年度 3Q , FY2018 ※ Depreciation and amortization as well as

  16. Slide 16: Cash Flows

    Cash Flows (billion yen) 30 Cash flow from operating activities 営業活動キャッシュ・フロー 投資活動キャッシュ・フロー Cash flow from investing activities フリー・キャッシュ・フロー Free cash flow 20 5.6 11.4 11.4 0.8 23.0 10 20.7 19.4 19.4 17.1 14.7 14.8 14.0 15.1 11.6 0 -2.4 -10 FY2018 FY2014 FY2015 FY2016 FY2017 3Q 3Q 3Q 3Q 3Q ※ Zero f

  17. Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance

    Interest-bearing Debt & Net Interest-bearing Debt Balance 50 （billion yen） 長期借入金 Long-term loans payable Interest-bearing debt balance 42.7 短期借入金 Short-term loans payable Net interest-bearing debt balance 40 9.8 30.3 30 6.2 22.4 20 1.8 32.9 13.1 13.7 24.1 1.3 1.2 10 17.0 20.6 11.8 12.5 2.8 0 End-Mar

  18. Slide 18: Forecast for the FY2018

    Forecast for the FY2018 Copyright© UNIPRES CORPORATION, All Rights Reserved. 18

  19. Slide 19: 2018 Consolidated Business Plan Highlights

    2018 Consolidated Business Plan Highlights 1. Net sales forecast to decline mainly due to customers’ reduced production. 2. Operating profit forecast to decrease due to sales decline. 3. Large capital investment planned mainly for enhancing production capacity. Copyright© UNIPRES CORPORATION, All Ri

  20. Slide 20: Summary of Consolidated Business Plan for FY2018

    Summary of Consolidated Business Plan for FY2018 Financial performance Net sales (billion yen) 40 400 売 Operating profit (billion yen) 321.2 330.9330.9 Net sales 330.0 上 320.0 30 300 高 Operating profit （ 営 億 業 20 200 円 利 ） 益 23.0 26.0 24.0 （ 10 20.5 100 億 円 ） 0 FY2018 FY2018 0 FY2016 FY2017（A） （B）-（

  21. Slide 21: Forecast of Operating Profit Variance Analysis

    21 forecast FY2018 ※ SG&A：0 20.5 Forecast of Operating Profit Variance Analysis 2.6 Cost saving -0.5 -0.4 Others -0.7 0.2 Consolidation adjustment -0.2 -0.3 Exchange gain or loss Initial cost for -1.0 new car model parts -0.5 -0.3 Production reinforcement Depreciation and -0.2 -0.5 -4.9 amortization

  22. Slide 22: Sales/Operating Profit by Region (Japan)

    Sales/Operating Profit by Region (Japan) (billion yen) Net sales (billion yen) Operating profit 150 15 100 10 50 107.1 105.0 99.2 5 8.3 6.2 7.1 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 (revised forecast) Forecast (revised forecast) Forecast ※ Sales projected to decrease because of production cu

  23. Slide 23: Sales/Operating Profit by Region (the Americas)

    Sales/Operating Profit by Region (the Americas) (billion yen) Net sales (billion yen) Operating profit 150 10 100 5 106.7 7.3 7.4 50 104.0 100.6 4.2 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 Forecas (revised t forecast) Forecast (revised forecast) ※ Sales projected to decrease because of product

  24. Slide 24: Sales/Operating Profit by Region (Europe)

    Sales/Operating Profit by Region (Europe) (billion yen) Net Sales (billion yen) Operating profit 50 3 40 2 30 20 34.7 36.5 36.9 1 1.6 10 1.2 1.0 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 (revised forecast) (revised forecast) ※ Slightly higher sales projected due to forex impact. ※ Operating inco

  25. Slide 25: Sales/Operating Profit by Region (Asia)

    Sales/Operating Profit by Region (Asia) (billion yen) Net Sales (billion yen) Operating profit 100 10 50 5 93.3 85.4 8.1 8.6 8.4 72.7 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 (revised forecast) (revised forecast) ※ Sales projected to be higher as customer has increased its production. ※ Operati

  26. Slide 26: Copyright© UNIPRES CORPORATION, All Rights Reserved.

    Copyright© UNIPRES CORPORATION, All Rights Reserved. 26

  27. Slide 27: Exchange Rate Reference

    Exchange Rate Reference （yen） 3Q, FY2017 3Q, FY2018 Annual plan Average for Average for the period term end the period term end At first Full year US $ 111.78 113.05 111.33 110.91 105.00 110.99 STG ￡ 143.63 151.34 148.04 148.52 147.00 146.80 EURO 125.20 132.81 130.61 132.15 129.00 130.00 MEX $ 5.97

  28. Slide 28: Precautions for treatment of material

    Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain

Unipres — Q3 FY2018 Earnings Presentation on 6ix