Nagoya Railroad Co., Ltd. · TSE:9048
Nagoya Railroad — H1 FY2019 Earnings Presentation
44 slides from Nagoya Railroad's earnings presentation, Nov 20, 2019
Slide 1: Six-month Period Ending September 30, 2019 Financial Results Presentation
Six-month Period Ending September 30, 2019 Financial Results Presentation Nagoya Railroad Co., Ltd. Securities Code: 9048 November 20, 2019 Copyright © Nagoya Railroad Co.,Ltd.
Slide 2: Summary of Financial Results and Performance Forecast
01 Summary of Financial Results and Performance Forecast Copyright © Nagoya Railroad Co.,Ltd. 01
Slide 3: Group Business Performance
Group Business Performance ◆Group Buisiness Performance FY2019 1st Half FY2019 Full-year Forecast Year-on-year Current Year-on-year Change Results from previous change forecast change forecast (from May) Billions Billions Billions Billions Billions Operating revenues 316.1 of yen + 20.4 of yen ＋ 6.9
Slide 4: The Company's Passengers
The Company’s Passengers With the bump in purchases of commuter passes in advance of a tax hike in addition to the increase in inbound tourists and the good hiring environment at companies along our rail lines, the number of passengers has significantly increased. 【Railroad Passenger Trends】 【Main F
Slide 5: Long-term Vision, Long-term Management Strategy and Medium-term Plan Progress
The Meitetsu Group’s Long-term Vision, 02 Long-term Management Strategy and Progress Made under the Medium-term Management Plan Copyright © Nagoya Railroad Co.,Ltd. 04
Slide 6: Long-term Vision, Long-term Management Strategy and Medium-term Management Plan
The Meitetsu Group’s Long-term Vision, Long-term Management Strategy and Medium-term Management Plan 【The Meitetsu Group’s Long-term Vision and Long-term Management Strategy 】 VISION 2030～Seizing the Future～ ―The Group will continue to enhance regional appeal and create shared value with local resid
Slide 7: Expected Growth Drivers in the Group's Businesses
Main Growth Drivers Expected over the Long Term Expected Growth Drivers in the Group’s Businesses 2018 to 2021 to 2027 onward 2020 2026 2020: 40 million foreign visitors per year 2030: 60 million foreign visitors per year More travelers are spreading out from the Golden Route (Tokyo, Osaka, Kyoto) a
Slide 8: Strengthening Earnings Power by Capturing Airport-related Demand
Strengthening Our Earnings Power by Capturing Airport-related Demand The Group as a whole will capture a wide range of demand arising from the increase in inbound tourists and the expansion of airport facilities. Overview of Chubu Centrair International Airport In-Flight Catering Business Central Ja
Slide 9: Reference: Chubu Centrair International Airport and the Surrounding Area
Reference: Chubu Centrair International Airport and the Surrounding Area ➢Increase in Inbound Tourists and <<Chubu Centrair International Airport: Inbound and outbound Expansion of Airport Facilities tourists and percentage by nationality/region (calendar year 2018)>> International Tourist Trends (F
Slide 10: Meitetsu Group Initiatives to Capture Airport Demand
Strengthening Our Earnings Power by Capturing Airport-related Demand The Group as a whole will capture a wide range of demand arising from the increase in inbound tourists and the expansion of airport facilities. ➢Meitetsu Group Initiatives to Capture Demand Airline-related Service Business ― In-Fli
Slide 11: Proactive Real Estate Business Expansion in Nagoya's City Center
Proactive Real Estate Business Expansion in Nagoya’s City Center We will expand our real estate business in Nagoya’s city center to capture the expected rise in demand with the opening of the linear maglev train line. ➢Developments in Progress around Nagoya Station Fushimi Station Inside Business: Y
Slide 12: Meeting Rising Transport Demand and Enhancing Passenger Convenience
Creating a More Enticing Neighborhood along Our Rail Lines We plan to enhance transport services by appropriately responding to the rising demand for transport and enhancing passenger convenience. ➢Meeting Rising Transport Demand ➢Enhancing Passenger Convenience Screenshot of the service page Rollin
Slide 13: Promoting Railroad Elevation Construction
Creating a More Enticing Neighborhood along Our Rail Lines We will boost urban functionality and railroad transport safety by eliminating railroad crossings in cooperation with national and regional governments undertaking projects to elevate railroads. ➢Promoting Railroad Elevation Construction Mei
Slide 14: Development of Condominiums for Lease or Purchase
Creating a More Enticing Neighborhood along Our Rail Lines We provide high-quality residential environments, such as properties that are adapted to the sharing economy and public transit commuter life, mainly along our rail lines. ➢Development of Condominiums for Lease or Purchase Developing Condomi
Slide 15: Developing the Area under the Elevated Railway on the Seto Line
Creating a More Enticing Neighborhood along Our Rail Lines We create new attractions and excitement in the city by improving facility design and using local resources. ➢Developing the Area under the Elevated Railway between Shimizu and Amagasaka Stations on the Seto Line 「SAKUMACHI Shopping Street」
Slide 16: Expanding Preventive Caregiving and Childcare Business
Creating a More Enticing Neighborhood along Our Rail Lines We aim to make the area more enticing and solve social problems by promoting businesses that support daily living, including healthcare and childcare. ➢Expanding Our Preventive Caregiving and Childcare Business 【Current Status of Our Operati
Slide 17: Expanding Healthcare and Leisure Business; Promoting Areas
Creating a More Enticing Neighborhood along Our Rail Lines The Group is working to create new value along its rail lines and promotes these areas by leveraging its assets and eagerness to work in a spirit of collaboration with the community. ➢Expanding Our Healthcare and Leisure Business ➢More Effec
Slide 18: Rebuilding and Renovating Existing Hotels
Actively Investing in Growth Business and Enhancing Our Earnings Power In tourist spots along our train lines, we will make appropriate investments in a timely manner in line with local needs and inbound tourism trends. ➢Rebuilding and Renovating Existing Hotels Hotel Indigo Inuyama Urakuen Building
Slide 19: Expanding Businesses in Growth Fields and Entering New Businesses
Actively Investing in Growth Business and Enhancing Our Earnings Power We aim to boost our earnings power and are actively working to expand businesses in growth fields and enter new business fields. ➢Expanding Businesses in Growth Fields ➢Entering New Businesses Expanding Our Aircraft Business Ente
Slide 20: Meitetsu's Mobility-as-a-Service (MaaS) Phases
Actively Investing in Growth Business and Enhancing Our Earnings Power We aim to enhance our mobility services and improve the functionality of Meitetsu Touch with an eye toward bringing Meitetsu’s own version of Mobility-as-a-Service (MaaS) to reality in the near future. ➢ We are working to enhance
Slide 21: Net Reservation Service and Bike Sharing Business
Actively Investing in Growth Business and Enhancing Our Earnings Power We aim to enhance our mobility services and improve the functionality of Meitetsu Touch with an eye toward bringing Meitetsu’s own version of Mobility-as-a-Service (MaaS) to reality in the near future. ➢Launching Meitetsu’s net r
Slide 22: Participating in Aichi Prefecture's Self-Driving Society Pilot Test
Actively Investing in Growth Business and Enhancing Our Earnings Power We aim to develop new business areas using cutting-edge technologies while working with regional governments and other operators. ②A pilot test underway on the island Participating in Aichi Prefecture’s for Chubu Centrair Interna
Slide 23: Participating in Aichi Prefecture's Drone Society Pilot Test Project
Actively Investing in Growth Business and Enhancing Our Earnings Power We aim to develop new business areas using cutting-edge technologies while working with regional governments and other operators. A drone Participating in Aichi Prefecture’s Drone Society Pilot Test Project ①Transport of AEDs Usi
Slide 24: ESG Initiatives
ESG Initiatives ➢Approval of Meitetsu Kyosho’s ➢Preservation and Use of Historical Cultural Properties ESG Business Support Loan ○Nagoya Railroad After garnering acclaim for the eco-friendliness of its car-sharing We are performing preservation and restoration work on the business and its promotion
Slide 25: Six-month Period Ending Financial Results
03 Six-month Period Ending Financial Results Copyright © Nagoya Railroad Co.,Ltd. 24
Slide 26: Six-month Period Ending Financial Results
Six-month Period Ending Financial Results ＊Figures in parentheses are the year-on-year percent change. (Units: Millions of yen, %) FY2019 FY2018 Change* Notes 1st Half 1st Half 20,498 Operating revenues 316,128 295,630 (6.9) Operating expenses 287,026 271,027 15,999 Cost of products sold: +11,298 4,
Slide 27: Six-month Period Ending Financial Results Highlights
Six-month Period Ending Financial Results Highlights Year-on-year: Higher revenues and profit (Revenues rose in all segments, especially real estate and distribution. Higher real estate revenues boosted profit. Each type of income was a record high.) (Unit: Billions of yen) Operating Revenues ＋ Real
Slide 28: Operating Results by Segment
Operating Results by Segment (Units: Millions of yen, %) FY2019 FY2018 Operating revenues Change Percent Change 1st Half 1st Half Traffic 85,580 84,298 1,282 1.5 Transport 70,237 67,921 2,316 3.4 Real Estate 49,042 38,596 10,445 27.1 Leisure and Services 26,584 26,435 148 0.6 Distribution 72,485 67,
Slide 29: Traffic Business
Traffic Business (Units: Millions of yen, %) FY2019 FY2018 Percent Change Notes 1st Half 1st Half Change Higher revenues due to increase in Operating revenues 85,580 84,298 1,282 1.5 passengers in the Railroad Business Operating Higher income due to higher income 14,925 13,814 1,110 8.0 revenues in
Slide 30: Transport Business
Transport Business (Units: Millions of yen, %) FY2019 FY2018 Percent Change Notes 1st Half 1st Half Change Higher revenues mainly due to Operating revenues 70,237 67,921 2,316 3.4 higher freight rates in the Truck Business Higher income due to higher revenues and Operating income 3,855 3,515 339 9.7
Slide 31: Real Estate Business
Real Estate Business (Units: Millions of yen, %) FY2019 FY2018 Percent Change Notes 1st Half 1st Half Change Higher revenues due in part to higher number of Operating condos sold, higher number of parking spaces in revenues 49,042 38,596 10,445 27.1 the Rental Business, and managing companies of ten
Slide 32: Leisure and Services Business
Leisure and Services Business (Units: Millions of yen, %) FY2019 FY2018 Percent Change Notes 1st Half 1st Half Change Higher revenues due in part to effect Operating revenues 26,584 26,435 148 0.6 of new store opening in the Hotel Business Higher income due in part to improved Operating income 1,001
Slide 33: Distribution Business
Distribution Business (Units: Millions of yen, %) FY2019 FY2018 Percent Change Notes 1st Half 1st Half Change Higher revenues due in part to Operating revenues 72,485 67,586 4,898 7.2 higher import car sales and construction material sales Operating Higher income due to higher income 600 332 267 80.
Slide 34: Aviation Services Business
Aviation Services Business (Units: Millions of yen, %) FY2019 FY2018 Percent Change Notes 1st Half 1st Half Change Higher revenues due in part to Operating revenues 12,268 12,038 230 1.9 higher orders in the In-Flight Catering Business Operating Worse financial position in Aviation income 1,187 1,21
Slide 35: Others
Others (Units: Millions of yen, %) FY2019 FY2018 Percent Change Notes 1st Half 1st Half Change Operating Higher revenues due in part to revenues 22,662 19,773 2,888 14.6 higher orders related to equipment installation and systems Operating In the black again due to higher income 1,038 -60 1,099 ― re
Slide 36: Non-Operating Income and Extraordinary Income
Non-Operating Income and Extraordinary Income (Units: Millions of yen, %) FY2019 FY2018 Change Notes 1st Half 1st Half Non-operating income 3,523 3,126 397 Interest income 15 13 1 Dividend income 1,340 1,161 178 Equity in net earnings of affiliates 1,264 1,149 114 Others 903 800 102 Non-operating ex
Slide 37: Consolidated Balance Sheets
Consolidated Balance Sheets (Units: Millions of yen, %) FY2019 FY2018 Change Notes 1st Half results Current assets 198,784 182,665 16,119 Higher securities and land and buildings for sale Non-current assets 963,022 958,744 4,278 Property and equipment 810,213 804,926 5,286 Capital investment ＋26,306
Slide 38: FY2019 Operating Results Forecast
04 02 FY2019 Operating Results Forecast Copyright © Nagoya Railroad Co.,Ltd. 37
Slide 39: FY2019 Consolidated Operating Results Forecast
FY2019 Consolidated Operating Results Forecast * As of May （単位：百万円、％） (Units: Millions of yen, %) FY2020 targets in FY2019 FY2018 Percent Previous FY2019 Percent Change Change the medium-term forecast results Change forecast* Change business plan Operating revenues 639,000 622,567 16,433 2.6 635,000
Slide 40: Operating Results Forecast Highlights
Operating Results Forecast Highlights Year-on-year：Higher revenues and higher income (We forecast higher revenues and income due to a boost in business, especially the Real Estate Business.) (Unit: Billions of yen) Operating Revenues ＋ Real Estate + 11.9 (Condo Sales Business: +10.0 (Higher condo sa
Slide 41: FY2019 Operating Results Forecast by Segment
FY2019 Operating Results Forecast by Segment * As of May (Units: Millions of yen, %) Previous FY2019 FY2018 Percent Percent Operating revenues Change FY2019 Change forecast results Change Change forecast* Traffic 169,200 167,660 1,540 0.9 168,700 500 0.3 Transport 139,600 136,863 2,737 2.0 139,600 ―
Slide 42: FY2019 EBITDA and Capital Investment Forecast
FY2019 EBITDA and Capital Investment Forecast （単位：百万円） (Units: Millions of yen) FY2019 FY2018 FY2019 FY2018 Change Change forecast results forecast results Operating income 24,300 24,379 -79 Operating income 1,500 1,185 315 Depreciation and Depreciation and amortization 18,600 18,520 80 amortization
Slide 43: Numerical Targets (BUILD UP 2020)
Numerical Targets （BUILD UP 2020） BUILD UP 2020 FY2017 FY2018 FY2019 FY2020 Medium-term results(reference) results forecast Targets Operating Income ￥46.9billion ￥49.4billion ￥50.0billion ￥50.0billion ＥＢＩＴＤＡ ￥85.8billion ￥89.7billion ￥91.4billion ￥93.0billion (operating income + depreciation and amo
Slide 44: In addition to factual past events, this document includes future projections, which contain risks
In addition to factual past events, this document includes future projections, which contain risks and uncertainty. Please be advised that actual outcomes may vary based on a variety of factors. Copyright © Nagoya Railroad Co.,Ltd