Nagoya Railroad Co., Ltd. · TSE:9048
Nagoya Railroad — FY2023 Earnings Presentation
41 slides from Nagoya Railroad's earnings presentation, May 17, 2024
Slide 1: Fiscal Year Ended March 31, 2024 Financial Results Presentation for Investors
Fiscal Year Ended March 31, 2024 Financial Results Presentation for Investors Nagoya Railroad Co., Ltd. Securities Code: 9048 May 17, 2024
Slide 2: Contents
Contents 01 Medium- to Long-term Management Strategies 02 Results summary 03 FY2023 Financial Results 04 FY2024 Operating Results Forecast Copyright © Nagoya Railroad Co.,Ltd. 2
Slide 3: Medium- to Long-term Management Strategies
Medium- to Long-term 01 Management Strategies Copyright © Nagoya Railroad Co.,Ltd. 3
Slide 4: Visualization of the Meitetsu Group's Growth
Visualization of the Meitetsu Group’s Growth Developing communities The Meitetsu Group’s growth ⇒ The Meitetsu Group’s growth ⇒ Developing communities The Group will take the lead on developing our Since the global financial crisis, we have traveled business area and enhancing the value of the a gro
Slide 5: Overview of the Meitetsu Group's New Management Vision
Overview of the Meitetsu Group’s New Management Vision Our long-lived internal and external message for as long as the Company exists Work to improve the value of the region and Mission give back to the community over the long haul The direction of transformation and the value that Meitetsu Group’s
Slide 6: Key issues in the expected changes in the business environment between 2030 and 2040
Key issues in the expected changes in the business environment between 2030 and 2040 Copyright © Nagoya Railroad Co.,Ltd. 6
Slide 7: Meitetsu Group's Value Creation Story
Meitetsu Group's Value Creation Story Mission Work to improve the value of the region and External give back to the community over the long haul Environment ◆ Business Environment Changes The Meitetsu Group continues to provide unique value linked Management Vision to wonder, amazement, and admirati
Slide 8: Review of the Previous Medium-term Management Plan, Turn-Over 2023 (1)
Review of the Previous Medium-term Management Plan, Turn-Over 2023 (1) Main Initiatives Supporting Key Themes １ Restructuring the traffic business ５ Revising the profit structure by reinforcing earnings ▸ Railroad business: Reducing labor and making costs more power in fields where growth is expec
Slide 9: Review of the Previous Medium-term Management Plan, Turn-Over 2023 (2)
Review of the Previous Medium-term Management Plan, Turn-Over 2023 (2) Results Turn-Over 2023 Achieved each indicator overall for the Medium-term target values of the previous medium- FY2021 results FY2022 results FY2023 results Management Plan term management plan Target (FY2023) Billions Billi
Slide 10: Review of the Previous Medium-term Management Plan, Turn-Over 2023 (3)
Review of the Previous Medium-term Management Plan, Turn-Over 2023 (3) 3-Year Investment Performance (Units: Billions of yen) Of which Of which Of which Reference: 3-Year Results Strategic Plans Strategic Change Strategic Cumulative EBITDA Investment Investment Investment Traffic 64.7 8.1 66.0 8.0
Slide 11: Meitetsu Group's Medium-term Management Plan (FY2024-FY2026)
Meitetsu Group’s Medium-term Management Plan (FY2024-FY2026) Formulated the current three-year medium-term management plan to achieve the 2040 vision and medium- to long-term management strategies VISION 2030 ・ Vision for 2040 ・ Long-term Management Strategy Medium- to Long-term Management Strategie
Slide 12: Direction of the Meitetsu Nagoya Station District Redevelopment Project
Direction of the Meitetsu Nagoya Station District Redevelopment Project Moving forward with plans related to the Meitetsu Nagoya Station District Redevelopment Project Based on the basic policy and our policy on redevelopment, we are promoting initiatives aimed at realizing comprehensive redevelop
Slide 13: Toward realizing a mobility network centered on public transportation
Toward realizing a mobility network centered on public transportation Promoting initiatives aimed at constructing an Strengthening basic safety equipment optimal transportation network and safety management systems ＜The Meitetsu Group’s vision for a mobility network＞ Strengthening emergency re
Slide 14: Financial Policy
Financial Policy Financial Policy Being aware of capital costs, capital profitability, and financial soundness, we appropriately allocate management resources to make management more resilient. Specifically, we will promote capital investment that will contribute to future growth, investment in huma
Slide 15: FY2024 Full-year Forecast
FY2024 Full-year Forecast FY2024 Full-year Forecast Percent Change(％) FY2024 FY2023 Change Forecast Results Year-on-year comparisons: Billions Billions 73.8 Billions Operating revenues: Increased revenues Operating revenues 675.0 yen of 601.1 yen of of (12.3) yen • Increased revenues in the Transp
Slide 16: Results summary
02 Results summary Copyright © Nagoya Railroad Co.,Ltd. 16
Slide 17: Group Business Performance
Group Business Performance ■ FY2023 Consolidated results ■Operating income by segment (Units: Billions of yen) Change from Year-on-year Year-on-year Results Results forecast change change (from Feb.) Traffic 12.9 + 8.3 Billions Billions Billions Operating revenues 601.1 of + 49.6 of + 9.0 % + 5.1 of
Slide 18: Transportation Results
Transportation Results ■ Nagoya Railroad, Transportation Results Percent change Percent change Year-on-year Year-on-year Transfer revenues FY2023 percent change compared with Passengers FY2023 percent change compared with FY2019 FY2019 Billions of thousand Non-commuters 46.9 yen 15.0 % - 5.9 % Non-c
Slide 19: Inbound demand recovery status
Inbound demand recovery status ■ Number of passengers on international routes of ■ Running total of overnight stays by foreign visitors major airports (compared with same month of 2019) (compared with same month of 2019) 140% 180% Haneda Nationwide 120% Narita 160% Tokyo, Chiba, Kanagawa Kansai Osak
Slide 20: Strengthening earnings power and promoting structural reforms (1)
Strengthening earnings power and promoting structural reforms(１) Further strengthening the earnings power of Rentals (excluding parking) and management business the Real Estate business • We aim to steadily expand our revenue base by developing and acquiring properties and strengthening the PM a
Slide 21: Strengthening earnings power and promoting structural reforms (2)
Strengthening earnings power and promoting structural reforms(２) Strengthening development in the Transport business, where we have competitive advantages Making the special consolidated carrier business more resilient Fares, transport volume, and consolidated freight net sales in • Enhancing ou
Slide 22: FY2023 Financial Results
03 FY2023 Financial Results Copyright © Nagoya Railroad Co.,Ltd. 22
Slide 23: FY2023 Financial Results
FY2023 Financial Results ＊Figures in parentheses are the year-on-year percent change. （単位：百万円、％） (Units: Millions of yen, %) Latest Forecast FY2023 FY2022 Change* Notes Notes (As of Feb.) Change 49,617 5,121 Operating revenues 601,121 551,504 596,000 (9.0) (0.9) 12,019 1,750 Operating income 34,750
Slide 24: Financial Results Highlights
Financial Results Highlights Year-on-year: Higher revenues ・ Higher profits (Revenues rose in all businesses, especially the Traffic business and the Leisure and Services business, in which demand is on a recovery track. Profit increased on every level despite higher expenses, such as cost of sales.
Slide 25: Operating Results by Segment
Operating Results by Segment （Units : Millions of yen,%） Percent Latest Forecast Percent Operating revenues FY2023 FY2022 Change Notes (As of Feb.) Change Change Change Traffic 146,582 132,483 14,099 10.6 146,100 482 0.3 Transport 138,308 136,998 1,310 1.0 137,800 508 0.4 Real Estate 107,906 96,696
Slide 26: Traffic Business
Traffic Business （Units : Millions of yen,%） Percent FY2023 FY2022 Change Notes Change Operating Revenues increased due in part to 146,582 132,483 14,099 10.6 higher passenger numbers in the revenues railroad and bus businesses. Profit increased due in part to higher Operating revenues and a return
Slide 27: Transport Business
Transport Business （Units : Millions of yen,%） Percent FY2023 FY2022 Change Notes Change Overall revenues increased due to Operating higher revenues in the maritime 138,308 136,998 1,310 1.0 transport business in addition to higher revenues fares in the truck business. Operating - 47.3 Income decrea
Slide 28: Real Estate Business
Real Estate Business （Units : Millions of yen,%） Percent FY2023 FY2022 Change Notes Change Revenues increased due in part to higher Operating revenues in the rentals business in addition to 107,906 96,696 11,209 11.6 contributions from sales of high-priced condos in revenues the real estate condo sa
Slide 29: Leisure and Services Business
Leisure and Services Business （Units : Millions of yen,%） Percent FY2023 FY2022 Change Notes Change Operating Revenues increased, especially in the 98,772 81,049 17,722 21.9 travel and hotel businesses, due to a revenues recovery in tourism demand. The business overall returned to Operating ― profit
Slide 30: Distribution Business
Distribution Business （Units : Millions of yen,%） Percent FY2023 FY2022 Change Notes Change Revenues increased for the full year due to higher Operating revenues from department stores and contributions 66,676 66,263 412 0.6 from subsidiaries engaged in the sale of other revenues goods that were inc
Slide 31: Aviation Services Business
Aviation Services Business （Units : Millions of yen,%） Percent FY2023 FY2022 Change Notes Change Revenues increased due to higher Operating orders in the in-flight catering business 26,278 25,578 699 2.7 and in the aircraft maintenance revenues business. Despite higher revenues, income Operating 1,0
Slide 32: Others
Others （Units : Millions of yen,%） Percent FY2023 FY2022 Change Notes Change Operating Revenues increased due to higher 56,383 50,070 6,313 12.6 orders related to facility construction revenues and systems. Operating 25.9 Income increased due to higher 3,299 2,619 679 revenues. income ◆Breakdown of
Slide 33: Non-Operating Income and Extraordinary Income
Non-Operating Income and Extraordinary Income (Units: Millions of yen) FY2023 FY2022 Change Notes Non-operating income 6,737 7,194 - 456 Interest income 47 26 20 Dividend income 1,379 1,295 84 Equity in net earnings of affiliates 2,996 2,637 358 Reversal of provision for loss on liquidation 59 67 -7
Slide 34: Consolidated Balance Sheets
Consolidated Balance Sheets (Units: Millions of yen) FY2023 FY2022 Change Notes Current assets 238,484 226,902 11,582 Increase in cash and deposits Non-current assets 1,064,720 1,004,476 60,244 Capital investment ＋76,818 Depreciation and amortization ｰ38,879 Property and equipment 893,624 854,026 39
Slide 35: EBITDA and Capital Investment
EBITDA and Capital Investment (Units: Millions of yen) FY2023 FY2022 Change FY2023 FY2022 Change Operating income 12,980 4,614 8,366 Operating income - 2,697 - 2,475 - 221 Depreciation and Depreciation and amortization 17,847 17,702 144 amortization 1,217 1,130 86 Traffic ＥＢＩＴＤＡ(①) 30,827 22,316 8,5
Slide 36: FY2024 Operating Results Forecast
FY2024 Operating 04 Results Forecast Copyright © Nagoya Railroad Co.,Ltd. 36
Slide 37: FY2024 Consolidated Operating Results Forecast
FY2024 Consolidated Operating Results Forecast (Units: Millions of yen, %) FY2024 FY2023 Percent Current forecast Change results Change Operating revenues 675,000 601,121 73,879 12.3 Operating income 40,000 34,750 5,250 15.1 Non-operating revenues 5,100 6,737 - 1,637 Non-operating expenses 4,600 3,9
Slide 38: Operating Results Forecast Highlights
Operating Results Forecast Highlights Year-on-year: Higher revenues ・ Higher profit (Revenues will increase mainly for the Real Estate and Traffic businesses as well as the Transport business, which will conduct a business integration.) (Unit: Billions of yen) Operating + Transport +47.6 (Truck +46.
Slide 39: FY2024 Non-consolidated Operating Results Forecast
FY2024 Non-consolidated Operating Results Forecast (Units: Millions of yen, %) FY2024 FY2023 Percent Operating revenues Change Current forecast results Change Traffic 156,700 146,582 10,118 6.9 Transport 186,000 138,308 47,692 34.5 Real Estate 124,500 107,906 16,594 15.4 Leisure and Services 92,800
Slide 40: FY2024 EBITDA and Capital Investment Forecast
FY2024 EBITDA and Capital Investment Forecast (Units:（単位：百万円） Millions of yen) FY2024 FY2023 FY2024 FY2023 Change Change Current forecast results Current forecast results Operating income 16,000 12,980 3,020 Operating income - 1,400 - 2,697 1,297 Depreciation and Depreciation and amortization 18,700
Slide 41: Cautionary note on future projections
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. 41