Nabtesco Corporation · TSE:6268

Nabtesco — Q1 2024 Earnings Presentation

27 slides from Nabtesco's earnings presentation, Apr 30, 2024

  1. Slide 1: Nabtesco Corporation

    Securities Code：6268 Nabtesco Corporation April 30, 2024 The forecast data presented herein reflects assumed results based on conditions that are subject to change. Nabtesco Corporation does not make representations as to, or warrant, in whole or in part, the attainment or realization of any of the

  2. Slide 2: FY2024/12 Q1 Results

    FY2024/12 Q1 Results © Nabtesco 2

  3. Slide 3: Summary for the FY2024/12 Q1 Results (YoY)

    Summary for the FY2024/12 Q1 Results (YoY) Sales ■The entire company sales decrease due to the weak demand in precision JPY billion reduction gears in CMP although FOREX impact increase the sales of ACB. 15.4 3.8 0.7 2.3 82.2 Railroad +0.8 JPY bn Packaging -0.6 JPY bn Precision -13.2 JPY bn Aircraft

  4. Slide 4: Revision of FY2024 Forecast

    Revision of FY2024 Forecast © Nabtesco 4

  5. Slide 5: Background to Revision of FY2024 Forecasts

    Background to Revision of FY2024 Forecasts Revision of Full-year Plan ▍Sales 323.7 JPY billion（Change from initial plan +3.1 JPY billion in H1 and +1.7 JPY billion in full-year） ■ Sales increase due to FOREX impact ■ Change in the timing of sales recognition in the automatic door business during the

  6. Slide 6: FY2024/12 Comparison of Initial Plan and Revised Plan

    FY2024/12 Comparison of Initial Plan and Revised Plan Sales ■ Revised initial plan due to FOREX impact and sales delay JPY billion ・Hydraulic -0.5 ・Sales recognition ・Commercial 173.6 323.7 ・ACB +1.1 timing change in PD vehicle -0.3 1.4 1.7 ・CMP +0.9 and automatic doors ・Packaging -0.1 ・TRS +0.5 for

  7. Slide 7: Component Solutions Segment for FY2024 (CMP)

    Component Solutions Segment for FY2024（CMP） Component Solutions Segment（CMP） ▍Business Environment Trend in Business Unit Market Situation FY2024 Sales (JPY billion) ＜Full-year＞ Industrial robots: Signs of a bottoming out of orders, although demand remains sluggish due to weak EV capital investment

  8. Slide 8: Order Trend and Production Capacity in Precision Reduction Gears

    Order Trend and Production Capacity in Precision Reduction Gears 《Order Trend in Precision Reduction Gears》 Annual production capacity in 400 5 years global: 1.06 million Units. As of FY2024Q1 【Utilization ratio】 350 5 years ■Japan (Tsu) Plant: 50％ (@890K units/year) ■China Plant: 65% (@170K units/y

  9. Slide 9: Transport Solutions Segment for FY2024 (TRS)

    Transport Solutions Segment for FY2024（TRS） Transport Solutions Segment （TRS） ▍Business Environment Trend in Business Unit Market Situation Sales (JPY billion） ＜Full-year＞ FY2024 Railroad Railroad Vehicle Equipment 89.8 90.2 Favorable investment for new vehicle in 2024 and Aircraft Equipment Vehicle

  10. Slide 10: Accessibility Solutions Segment for FY2024 (ACB)

    Accessibility Solutions Segment for FY2024（ACB） Accessibility Solutions Segment（ACB） ▍Business Environment ＜Full-year＞ Trend in Sales (JPY billion） Business Unit Market Situation FY2024 Automatic 97.0 96.0 Doors Japan: Strong demand for new buildings Automatic Doors Europe & U.S.: Market growth slow

  11. Slide 11: Manufacturing Solutions Segment for FY2024 (MFR)

    Manufacturing Solutions Segment for FY2024（MFR） Manufacturing Solutions Segment（MFR） ▍Business Environment Sales (JPY billion） Trend in Business Unit Market Situation FY2024 ＜Full-year＞ Packaging Machines Although there is a lull in capital investment demand for Packaging pet food, orders for food p

  12. Slide 12: Topics

    Topics © Nabtesco 12

  13. Slide 13: Topics

    Topics Business Topics Detail Marine “Cassandra,” a solution Product: ”Cassandra” Vessel for vessels that utilizes It is combines vessel performance-data with state-of-the-art AI techniques Equipment AI, acquired ClassNK's to enable vessel conditions to be visualized and monitored in real time. Inno

  14. Slide 14: Appendix

    Appendix © Nabtesco Nabtesco

  15. Slide 15: FY2024/12 Forecast (P&L) Comparison of Initial Plan and Revised Plan

    FY2024/12 Forecast (P&L) Comparison of Initial Plan and Revised Plan (JPY billion) 2024/12 2024/12 Variation Initial plan (A) Revised plan (B) (B-A) Sales 322.0 323.7 1.7 O.P. 12.8 13.5 0.7 (OPM) 4.0% 4.2% 0.2pt Financial Income and cost -0.3 0.2 0.5 Equity in earnings of affiliates 1.0 1.0 0.0 Inco

  16. Slide 16: Impact of exchange rate

    Impact of exchange rate ■Exchange rate 2023/12 2024/12 2024/12 Q1 result Q1 result Plan USD 133.44 149.88 135.00 RMB 19.41 21.00 18.50 EUR 143.96 162.15 150.00 CHF 144.30 170.19 155.00 ■FOREX sensitivity（This represents the effect to be expected on operating profit if the exchange rate fluctuates by

  17. Slide 17: Capital Expenditures, R&D Expenses, Depreciation

    Capital Expenditures, R&D Expenses, Depreciation 2023/12 2024/12 2024/12 2023/12 Rate Variation of progress (JPY billion) Q1 result Q1 result Full-year plan Full-year result (A) (B) (C) (B-A) (B/C) CAPEX 7.5 6.3 27.5 -1.1 23% 29.7 R&D 2.7 2.8 14.0 0.1 20% 11.0 Depreciation 3.7 3.9 15.6 0.3 25% 15.5

  18. Slide 18: Balance Sheet for FY2024/12 Q1

    Balance Sheet for FY2024/12 Q1 End of FY2023/12 End of 2024/12 Q1 （JPY billion） Variation As of December 31, 2023 As of March 31, 2024 Assets 422.1 425.6 3.6 （Cash and cash equivalents） 77.8 73.3 -4.5 （Trade receivable） 82.7 76.3 -6.4 （Inventories） 51.0 57.3 6.3 （Other non-current financial assets）

  19. Slide 19: Financial Results by Business Units for FY2024/12 Q1

    Financial Results by Business Units for FY2024/12 Q1 Component Solutions Segment (CMP) Sales (JPY billion) Sales (JPY billion) Accessibility Solutions Segment（ACB） Precision Reduction Gears 【Precision reduction gears】 Automatic Doors Hydraulic Equipment Sales decrease due to demand decrease in China

  20. Slide 20: Sales by Geographic Segment

    Sales by Geographic Segment 2023/12 Q1 result 2024/12 Q1 result Others 0.9% Others 0.9% (0.8 JPY billion) (0.7 JPY billion) North America 6.9% (5.7 JPY billion) North America 8.7% (6.3 JPY billion) Europe 16.8% (13.8 JPY billion) Europe 20.8% Other Asia 5.6% 82.2 (15.0 JPY billion) 72.2 (4.6 JPY bil

  21. Slide 21: Component Solutions Segment (CMP) Transport Solutions Segment (TRS)

    Component Solutions Segment (CMP) 138.1 140.6 138.1 Sales(JPY billion) 119.3 116.2 116.5 113.9 109.9 107.1 Precision 82.5 77.5 89.7 91.6 Reduction 65.8 55.8 72.6 54.9 74.0 74.3 Gears 53.0 Hydraulic Equipment 53.4 52.2 54.0 60.6 51.0 41.3 46.5 42.2 42.2 27.5 2016/12 2017/12 2018/12 2019/12 2020/12 20

  22. Slide 22: Accessibility Solutions Segment (ACB) Manufacturing Solutions Segment (MFR)

    Accessibility Solutions Segment (ACB) Sales(JPY billion) 96.3 96.0 97.0 Automatic Doors 76.0 80.0 78.6 72.4 73.7 75.1 64.6 96.3 96.0 97.0 72.4 76.0 80.0 73.7 75.1 78.6 64.6 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12 2022/12 2023/12 2024/12 2024/12 Result Result Result Result Result Result Resul

  23. Slide 23: Main Products: Component Solutions Segment (CMP)

    Main Products: Component Solutions Segment (CMP) The market share is estimated by Nabtesco Precision Reduction Gears Others No.1  Joints of Medium and Large Size Nabtesco Industrial Robots 60％ Approx. 60％ World Market Share Hydraulic Equipment Nabtesco ■ Traveling Units for Hydraulic Excavators 25％

  24. Slide 24: Main Products: Transport Solutions Segment (TRS)

    Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Railroad Vehicle Equipment Others No.1 Approx. 50％ Domestic Market Share  Brake Systems Nabtesco 50％ ■ Door Operating Systems Others No.1 Nabtesco 60％ Approx. 60％ Domestic Market Share Aircraft Equipment No.1

  25. Slide 25: Main Products: Transport Solutions Segment (TRS)

    Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Commercial Vehicle Equipment Others ■ Wedge Chambers Nabtesco 75％ No.1 Approx. 75％ Domestic Market Share Others ■ Air Dryers Nabtesco 70％ No.1 Approx. 65％ Domestic Market Share Marine Vessel Equipment ■ 2ST Ma

  26. Slide 26: Main Products: Accessibility and Manufacturing Solutions Segments

    Main Products: Accessibility Solution Segment (ACB) The market share is estimated by Nabtesco Automatic Doors No.1 ■Platform Screen Doors ■ Automatic Doors Others Nabtesco Approx. 55％ Others No.1 55％market share for building Nabtesco Approx. 95％ automatic doors in Japan 95％ Domestic Market Share (to

  27. Slide 27: ©Nabtesco

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