Unipres Corporation · TSE:5949

Unipres — Q1 FY2021 Earnings Presentation

23 slides from Unipres's earnings presentation, 2021

  1. Slide 1: FY2021 1st Quarter Financial Results

    FY2021 1st Quarter Financial Results

  2. Slide 2: FY2021 1Q Financial Results; Forecast of FY2021

    FY2021 1Q Financial Results Forecast of FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2

  3. Slide 3: FY2021 1Q Financial Results

    FY2021 1Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3

  4. Slide 4: Key Highlights for Q1, FY2021 (consolidated-basis)

    Key Highlights for Q1, FY2021 (consolidated-basis) Although an improvement in both sales and operating profit compared with the same period last year due to coming out of COVID-19 pandemic, sales remained 55.1 billion yen and operating loss was 3.2 billion yen impacted by customers’ production cutba

  5. Slide 5: Summary of Q1, FY2021

    Summary of Q1, FY2021  Net sales increased by 13.3 billion yen (+31.8%) compared with the same period of the previous year.  Operating profit improved by 5.9 billion yen compared with the same period of the previous year. Transition in business results 10 100 Operating profit (billion yen) 72.0 Ne

  6. Slide 6: Consolidated Sales by Product Group

    Consolidated Sales by Product Group (billion yen) 1Q, FY2020 1Q, FY2021 Variance Variance % % % Sales Sales Car body press products 35.7 85.4% 46.1 83.7% +10.4 -1.7% Transmission products 4.7 11.2% 8.0 14.5% +3.3 +3.3% Plastic 0.4 1.0% 0.6 1.1% +0.2 +0.1% products Other 1.0 2.4% 0.4 0.7% -0.6 -1.7%

  7. Slide 7: Consolidated Sales by Customer (Nissan Motor-related Products)

    Consolidated Sales by Customer (Nissan Motor-related Products）  The composition ratio increased by 4.3% mainly due to increasing sales of Dongfeng Motor Company Limited and Nissan North America. (billion yen) 1Q, FY2020 1Q, FY2021 Variance Sales % Sales % Nissan Motor-related products Sub-total 31.

  8. Slide 8: Consolidated Sales by Customer (Other customers)

    Consolidated Sales by Customer (Other customers)  The composition ratio decreased by 4.3% due to decreasing sales of Renault S.A.S.. 1Q, FY2020 1Q, FY2021 (billion yen) Variance Sales % Sales % Other customers Sub-total 10.6 25.5% 11.7 21.2% -4.3% Incl.) Honda of America Mfg., Inc. 0.7 1.7% 1.2 2.2

  9. Slide 9: Operating Profit Variance Analysis

    9 FY2021 -3.2 1Q 0.2 Cost saving 0.5 Others -0.6 Consolidation adjustment 1.2 -0.1 Operating Profit Variance Analysis Forex Initial cost for new car model parts -0.2 -0.3 Production reinforcement SG&A Depreciation/ 0.3 amortization 4.9 Volume fluctuation & model mix etc. FY2020 -9.1 1Q (billion yen)

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

    Sales/Operating Profit by Region (Japan)  Although an improvement in the sales compared with the year-earlier period when infections were rapidly spreading, sales only increased by 22.1% impacted by customers’ production cutbacks caused by the shortage of semiconductor supplies.  A 4.7 billion yen

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

    Sales/Operating Profit by Region (The Americas)  Although an improvement in the sales compared with the year-earlier period when infections were rapidly spreading, sales only increased by 23.0% impacted by customers’ production cutbacks caused by the shortage of semiconductor supplies.  A 0.6 bill

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

    Sales/Operating Profit by Region (Europe)  Net sales remained flat as European economies fell into recession and auto sales struggled to recover.  Operating loss was 0.6 billion yen. （億円） (billion yen) Net sales （億円） (billion yen) Operating profit 10 0.5 0 5 -0.5 -0.5 -0.6 7.7 7.7 7.7 -0.5 0 -1 FY

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

    Sales/Operating Profit by Region (Asia)  Net sales increased by 87.4%, led by back-to-normal level production activities realized by China’s economic recovery.  Operating profit increased by 1.3 billion yen due to sales increase. （億円） (billion yen) Net sales （億円）yen) (billion Operating profit 30 2

  14. Slide 14: Capital Investment

    Capital Investment (billion yen) 40 37.9 国内実績business result Domestic 海外実績business result Overseas 31.2 30.7 30 14.2 Annual plan 11.8 9.8 (23.0) 20 23.7 10 19.4 20.9 6.4 2.9 3.5 0 FY2018 FY2019 FY2020 1Q, FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 14

  15. Slide 15: Capital Investment & Depreciation/Amortization

    Capital Investment & Depreciation/Amortization (billion yen) 50 Capital investment Depreciation/amortization 40 Annual 30 plan Annual (23.0) plan (20.7) 20 37.9 31.2 30.7 10 19.5 21.2 18.3 6.4 4.7 0 FY2018 FY2019 FY2020 1Q, FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 15

  16. Slide 16: Cash Flows

    Cash Flows (billion yen) 15 営業活動キャッシュ・フ Cash flow from operating activities ロー Cash flow from investing activities 投資活動キャッシュ・フ Free cash flow ロー 10 0.6 5 9.3 6.0 8.3 5.8 6.4 5.8 4.7 4.2 1.9 0 -1.3 -2.5 -7.4 -5 -9.7 -13.9 -10 -15 FY2017 FY2018 FY2019 FY2020 FY2021 1Q 1Q 1Q 1Q 1Q Copyright© UNIPRES CO

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

    Interest-bearing Debt & Net Interest-bearing Debt Balance  Interest-bearing debts increased by 1.4 billion yen compared with the end-March, 2021.  Net interest-bearing debts including cash and deposits increased by 0.5 billion yen. (billion yen) 80 Long-term loans payable 73.7 75.1 Short-term loan

  18. Slide 18: Forecast of FY2021

    Forecast of FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 18

  19. Slide 19: Forecast of Fiscal Year 2021

    Forecast of Fiscal Year 2021 １. Net sales forecasts to increase due to the recovery of customers’ production and sales, in spite of the production cutbacks impacted by the global spread of corona virus (COVID-19) infection and chip shortage. ２. Operating profit forecasts to return to profitability a

  20. Slide 20: Consolidated Business Forecast for FY2021

    Consolidated Business Forecast for FY2021 Transition in business results Net Sales (billion yen） 40 400 295.6 Net sales 287.0 Operating profit (billion yen) 30 300 234.5 20 200 10 Operating profit 100 0 3.3 5.4 0 -11.3 -10 -100 -20 -200 FY2019 FY2020（A） FY2021（B） （B）-（A) Net sales 295.6 234.5 287.0

  21. Slide 21: Copyright© UNIPRES CORPORATION, All Rights Reserved.

    Copyright© UNIPRES CORPORATION, All Rights Reserved. 21

  22. Slide 22: Reference: Exchange rates

    Exchange rate Reference （yen） 1Q, FY2020 1Q, FY2021 Preconditions of Average for the Average for the FY2021 forecast period term end period term end US $ 107.38 107.74 109.80 110.61 108.00 STG ￡ 139.16 133.46 147.96 152.16 150.00 EURO 120.09 119.65 128.45 129.76 130.00 MEX $ 5.33 4.57 5.20 5.38 5.20

  23. Slide 23: 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 — Q1 FY2021 Earnings Presentation on 6ix