Daifuku Co., Ltd. · TSE:6383

Daifuku — H1 FY2023 Earnings Presentation

22 slides from Daifuku's earnings presentation, Nov 8, 2023

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results First Half of the Fiscal Year Ending March 31, 2024 (April 1, 2023 - September 30, 2023) November 8, 2023 DAIFUKU CO., LTD.

  2. Slide 2: Contents

    1 02 Financial Highlights Contents 15 Earnings Forecast 18 Topics © 2023 Daifuku Co., Ltd.

  3. Slide 3: Financial Highlights

    2 Back to contents Financial Highlights © 2023 Daifuku Co., Ltd.

  4. Slide 4: Fiscal 2023 H1 Highlights (April 1, 2023 – September 30, 2023)

    Fiscal 2023 H1 Highlights (April 1, 2023 – September 30, 2023) 3 (Billion yen) Revised on ✓ Orders declined, given a reactionary FY2022 H1 FY2023 H1 Y/Y change Y/Y rate August 8, 2023 fall in cleanroom systems, which were orders received ahead of Orders 400.1 315.0 294.3 -105.8 -26.4％ schedule in th

  5. Slide 5: Increase/Decrease in Operating Income

    Increase/Decrease in Operating Income 4 (Billion yen) Decrease in sales Decrease in gross -1.30 margin ratio Effect of exchange -3.65 Increase in SG&A rate changes expenses ＋0.58 -1.04 ✓ Decrease in sales Sales increased by ¥3.4 billion; 24.4 however, deducting ¥10.8 billion in Exchange rate increas

  6. Slide 6: Results by Reportable Segment (April 1, 2023 – September 30, 2023)

    Results by Reportable Segment (April 1, 2023 – September 30, 2023) 5 (Billion yen) Segment income ✓ Daifuku: Orders Net sales (Net income attributable to shareholders Orders for intralogistics systems and (Orders from external customers) (Sales to external customers) of the parent company) cleanroom

  7. Slide 7: Consolidated Balance Sheets

    Consolidated Balance Sheets 6 (Billion yen) March 31, September March 31, September ✓ Total assets: Increased ¥70.1 billion Change Change 2023 30, 2023 2023 30, 2023 [Factors] Increase: ¥26.6 billion in cash on hand and in Current assets 433.1 483.5 +50.3 Current liabilities 202.8 211.8 +9.0 banks,

  8. Slide 8: Consolidated Statements of Cash Flows

    Consolidated Statements of Cash Flows 7 (Billion yen) ✓ Cash provided by operating activities: ¥1.4 FY2022 H1 FY2023 H1 Y/Y change billion [Factors] Income before income taxes: ¥20.3 billion Cash flows from operating activities -18.5 1.4 +19.9 Increased in contract liabilities: ¥18.2 billion Increas

  9. Slide 9: Orders and Sales by Destination (April 1, 2023 – September 30, 2023)

    Orders and Sales by Destination (April 1, 2023 – September 30, 2023) 8 (Billion yen) Orders Sales ✓ Japan: FY2022 H1 FY2023 H1 FY2022 H1 FY2023 H1 Orders for intralogistics systems and Y/Y change Y/Y change cleanroom systems declined from the Region Orders Composition Orders Composition Sales Compos

  10. Slide 10: Orders and Sales by Industry (April 1, 2023 – September 30, 2023)

    Orders and Sales by Industry (April 1, 2023 – September 30, 2023) 9 (Billion yen) Orders Sales ✓ Electronics: FY2022 H1 FY2023 H1 FY2022 H1 FY2023 H1 Orders declined significantly, given a Y/Y change Y/Y change reactionary fall in cleanroom systems, Industry Orders Composition Orders Composition Sal

  11. Slide 11: Quarterly Orders, Sales, and Operating Margin

    Quarterly Orders, Sales, and Operating Margin 10 (Billion yen) Orders Sales Operating margin 12.1% 11.2% 10.0% 9.9% 9.6% 8.7% 7.4% 8.0% 7.9% 6.1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY2021 FY2022 FY2023 Orders 138.4 128.8 174.1 147.6 210.6 189.4 199.7 137.6 130.0 164.2 Sales 120.2 123.2 126.0 142.7 130.2

  12. Slide 12: Order Backlogs

    Order Backlogs 11 (Billion yen) 616.0 601.1 613.1 574.2 588.1 583.6 532.3 447.0 451.8 393.2 398.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2021 FY2022 FY2023 © 2023 Daifuku Co., Ltd.

  13. Slide 13: Service Sales

    Service Sales 12 (Billion yen) Service sales Ratio to net sales 31% 29% 29% 28% 27% 27% 27% 25% 24% 25% 47.7 40.1 41.5 43.1 39.2 36.4 32.9 34.8 34.5 28.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY2021 FY2022 FY2023 Total service 136.0 158.8 181.8 sales (Forecast) © 2023 Daifuku Co., Ltd.

  14. Slide 14: Orders by Industry

    Orders by Industry 13 (Billion yen) FY2021 FY2022 FY2023 Q2 Q2 Y/Y change Q1 Q2 Q3 Q4 Q1 Q3 Q4 Q1 Composition Industry (a) (b) (b-a) Automobile, auto parts 15.3 17.0 13.0 12.0 18.0 22.4 23.5 25.7 19.5 19.0 11.6% -3.3 Electronics 44.9 41.6 75.3 71.5 98.4 87.2 54.2 31.4 40.6 58.2 35.4% -29.0 Commerce,

  15. Slide 15: Sales by Industry

    Sales by Industry 14 (Billion yen) FY2021 FY2022 FY2023 Q2 Q2 Y/Y change Q1 Q2 Q3 Q4 Q1 Q3 Q4 Q1 Composition Industry (a) (b) (b-a) Automobile, auto parts 13.7 13.9 15.0 16.2 11.5 14.7 17.5 21.6 16.1 19.1 13.2% +4.3 Electronics 40.0 31.9 35.7 43.6 43.2 52.6 63.4 56.4 44.9 48.5 33.4% -4.1 Commerce, r

  16. Slide 16: Earnings Forecast

    15 Back to contents Earnings Forecast © 2023 Daifuku Co., Ltd.

  17. Slide 17: Fiscal 2023 Forecast (Consolidated)

    Fiscal 2023 Forecast (Consolidated) 16 (Billion yen) FY2023 forecast FY2022 Announced on (a) Announced on November 8, 2023 Announced on Y/Y change Y/Y rate August 8, 2023 May 12, 2023 Change (c-a) ((c-a)/a) (b) (c) (c-b) Orders 737.4 630.0 630.0 630.0 ー -107.4 -14.6% Net sales 601.9 605.0 605.0 605.

  18. Slide 18: Dividends

    Dividends 17 Interim Year-end Consolidated payout ratio 33.6% 33.6% 34.1% 31.6% 70 40. 0% 31.1% 30. 0% 60 20. 0% 50 (Yen) 10. 0% 40 36.7 37 0.0 % Dividends for the year ended March 2023 and 30 23.3 23 earlier periods are calculated retroactively from 30 25 26.7 -10.0% the stock split (a three-for-on

  19. Slide 19: Topics

    18 Back to contents Topics © 2023 Daifuku Co., Ltd.

  20. Slide 20: Daifuku Issues Zero Coupon Convertible Bonds

    Daifuku Issues Zero Coupon Convertible Bonds 19 In September 2023, Daifuku issued zero coupon convertible bonds due 2028 and zero coupon convertible bonds due 2030 (the ”Bonds”) with stock acquisition rights. The net proceeds from the issuing of the Bonds are estimated to be 60 billion yen, and are

  21. Slide 21: Daifuku Report and Sustainability Report Unveiled

    Daifuku Report and Sustainability Report Unveiled 20 Daifuku Report 2023 Sustainability Report 2023 In August 2023, we published the Daifuku Report 2023 as In September 2023, we published our Sustainability Report 2023. integrated reporting. This report focuses on our efforts to “ensure This report

  22. Slide 22: 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

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