TDK Corporation · TSE:6762

TDK — Q3 FY March 2015 Earnings Presentation

28 slides from TDK's earnings presentation, Jan 30, 2015

  1. Slide 1: Performance Briefing 3Q of Fiscal Year March 2015

    Performance Briefing 3Q of Fiscal Year March, 2015 TDK Corporation January 30, 2015 Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 -1-

  2. Slide 2: Consolidated Results for 3Q and Full Year Projections

    ◆Consolidated Results for 3Q of FY March 2015 Consolidated Full Year Projections for FY March 2015 Takakazu Momozuka, Corporate Officer Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 -2-

  3. Slide 3: Consolidated Results for 3Q and Full Year Projections

    Consolidated Results for 3Q of FY March 2015 Consolidated Full Year Projections for FY March 2015 Takakazu Momozuka Corporate Officer Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 -3-

  4. Slide 4: Highlights of the Operating Results

    Highlights of the Operating Results ◆Net sales achieved a historical high in both the third quarter and the nine-month period. In the third quarter, all business segments consisting of passive components, magnetic application products and film application products recorded the highest sales in the h

  5. Slide 5: Consolidated Results for 3Q of FY March 2015

    Consolidated Results for 3Q of FY March 2015 FY March 2014 FY March 2015 Change 3Q Results 3Q Results (Yen billions） Yen billions % Net Sales 258.2 300.4 42.2 16.3 Operating Income 17.9 25.2 7.3 40.8 Operating Income Margin 6.9% 8.4% +1.5pt - Income from Continuing Operations before Income Taxes 17.

  6. Slide 6: 3Q Results - Passive Components Segment

    3Q Results - Passive Components Segment Net Sales Net Sales 146.1 billion yen (up 24.8% year on year) (Yen billions) 146.1 Operating Income 11.9 billion yen (up 95.1% year on year) 117.1 ◆ Ceramic Capacitors ・Sales increased year on year, particularly to the steady automobile market. ・Profit margins

  7. Slide 7: 3Q Results - Magnetic Application Segment

    3Q Results - Magnetic Application Segment Net Sales Net Sales 101.6 billion yen (up 6.2% year on year) (Yen billions) 95.7 101.6 Operating income 7.3 billion yen (down 29.1% year on year) ◆ Recording Devices (HDD Heads) ・The volume of shipped products increased marginally on a year-on-year basis. ・P

  8. Slide 8: 3Q Results - Film Application Segment

    3Q Results - Film Application Segment Net Sales (Yen billions) 41.0 47.4 Net sales 47.4 billion yen (up 15.6% year on year) Operating income 9.6 billion yen (up 41.2% year on year) ◆Energy Devices (Rechargeable Batteries) 14/3 15/3 ・Both sales and profits increased year on year due to a growth Opera

  9. Slide 9: Breakdown of Operating Income Changes (3Q)

    Breakdown of Operating Income Changes (3Q) Operating Income + 7.3 billion yen (Yen billions) Sales price SG&A expenses Changes in sales Reduction increase +15.7 Benefits from -16.4 Rationalization, -0.9 Restructuring (including decrease in cost reduction +0.6 sales of assets -1.3) Impairment +6.9 -5

  10. Slide 10: Quarterly Results by Segment

    Quarterly Results by Segment 3Q of 2Q of 3Q of YoY Change QoQ Change (C)-(A) (C)-(B) FY March 2014 FY March 2015 FY March 2015 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 34.7 37.3 37.5 2.8 8.1 0.2 0.5 Inductive Devices 34.9 38.8 40.3 5.4 15.5 1.5 3.9 Other Passive Components

  11. Slide 11: Consolidated Results through 3Q of FY March 2015

    Consolidated Results through 3Q of FY March 2015 FY March 2014 FY March 2015 Change (Yen billions） Results through 3Q Results through 3Q Yen billions % Net Sales 742.0 802.7 60.7 8.2 Operating Income 35.0 53.1 18.1 51.7 Operating Income Margin 4.7% 6.6% +1.9pt - Income from Continuing Operations bef

  12. Slide 12: Sales Results by Priority Markets (through 3Q)

    Sales Results by Priority Markets (through 3Q) (Yen billions) TDK Total (Yen billions) Automotive 900 802.7 150 +13.9% 140.3 +8.2% 123.2 800 742.0 100 700 600 50 500 400 0 FY March 2014 (9 months) FY March 2015 (9 months) 300 200 100 (Yen billions) ICT 500 422.8 +7.4% 454.0 0 FY March 2014 (9 months

  13. Slide 13: Recording Device Business

    Recording Device Business ●HDD market in FY March 2015 *TDK’s estimation About 535 million units (end of April) About 560 million units (Current estimation) ●Shipment index Recording Device Sales (Left, including HDD Head (HGA) and HDD Suspention) HDD Head Shipment Index (Right) (Yen billions) (ship

  14. Slide 14: FY March 2015 Full Year Projections

    FY March 2015 Full Year Projections Upward revision from previous announcement figures (October 31) FY March 2015 FY March 2015 FY March 2015 Y o Y Change FY March 2014 Full Year Projections Full Year Projections Full Year Projections Full Year Results Yen billions % (Yen billions） (announced Apr. 2

  15. Slide 15: Dividend Projections

    FY March 2015 Dividend Projections Year-end dividend will be increased by 10 yen per share, based on the upward revision of the full year projections for FY March 2015. Projected dividend per share Previous Revised projections projections (October 31) Interim dividend 40 yen 40 yen Year-end 40 yen

  16. Slide 16: Financial Position

    Financial Position March End, Sep End, Dec End, Change from （Yen billions） 2014 2014 2014 Sep End, 2014 Total Asset 1,239.6 1,312.3 1,425.8 113.5 Total Liability 587.3 620.2 661.8 41.6 Stockholders' Equity 635.3 673.7 745.8 72.1 (comprehensive income) -87.1 -51.9 16.2 68.1 Stockholders' Equity ratio

  17. Slide 17: Supplementary Data

    Supplementary Data Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 - 17 -

  18. Slide 18: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2014 FY March 2015 Yen billions 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 33.7 35.1 34.7 36.1 139.6 36.5 37.3 37.5 Inductive Devices 35.0 35.5 34.9 34.9 140.3 36.7 38.8 40.3 Other Passive Components 48.3 48.8 47.5 47.1 191.7 50.2 56.2 68.

  19. Slide 19: Projections - Capex, Depreciation, R&D

    FY March 2015 Projections -Capex, Depreciation, R&D- Capital expenditure Depreciation R&D (Yen billions) 120 99.7 100 90.0 85.6 82.9 83.0 83.0 80.0 79.9 77.4 80 68.6 68.0 69.0 63.4 60 52.6 53.5 40 20 0 3/12 3/13 3/14 3/15 3/15 3/12 3/13 3/14 3/15 3/15 3/12 3/13 3/14 3/15 3/15 Initial Current Initial

  20. Slide 20: Cash Flows

    Cash Flows FY March 2014 FY March 2015 YoY Results through 3Q Results through 3Q Change (Yen billions） Operating Cash Flow 85.5 89.3 3.8 Investing Cash Flow -43.1 -93.1 (50.0) Free Cash Flow 42.4 -3.8 (46.2) Financing Cash Flow -19.4 -19.7 (0.3) Effect of exchange rate chagens on cash and cash equiv

  21. Slide 21: Annual Sales by Applications

    Annual Sales by applications (FY March 2011 – FY March 2014) FY11/3 : FY March 2011 Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 - 21 -

  22. Slide 22: Passive Components Business Annual Sales by Applications

    Passive Components Business Annual sales by applications (FY March 2011 – FY March 2014) FY11/3 : FY March 2011 Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 - 22 -

  23. Slide 23: Quarterly Sales by Applications

    Quarterly sales by applications (1Q of FY March 2014 –3Q of FY March 2015) Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 - 23 -

  24. Slide 24: Passive Components Business Quarterly Sales by Applications

    Passive Components Business quarterly sales by applications (1Q of FY March 2014 –3Q of FY March 2015) Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 - 24 -

  25. Slide 25: Copyright © 2015 TDK Corporation. All rights reserved. Performance Briefing 3Q of Fiscal Year

    2005/3 : FY March 2005 Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 - 25 -

  26. Slide 26: Copyright © 2015 TDK Corporation. All rights reserved. Performance Briefing 3Q of Fiscal Year

    2005/3 : FY March 2005 Performance Briefing Copyright© 2015 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2015 January 30, 2015 - 26 -

  27. Slide 27: Cautionary Statements with Respect to Forward-Looking Statements

    Cautionary Statements with Respect to Forward-Looking Statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking

  28. Slide 28: Performance briefing text data and Q&A website

    Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/ir/ir_events/conference/2015/3q_1.htm

TDK — Q3 FY March 2015 Earnings Presentation on 6ix