Envipro Holdings, Inc. · TSE:5698
Envipro — FY2024 Earnings Presentation
23 slides from Envipro's earnings presentation, Aug 9, 2024
Slide 1: Financial Results Briefing Materials for the Fiscal Year Ended June 30, 2024
Financial Results Briefing Materials for the Fiscal Year Ended June 30, 2024 Envipro Holdings Inc. (TSE Code：5698) August 9, 2024
Slide 2: Table of Contents
Table of Contents １．Financial Overview - FY2024 ２．Forecast - FY2025 ３．Reference Data 2
Slide 3: Summary of Financial Results for FY 2024 Highlights
Summary of Financial Results for FY 2024 Highlights Consolidated Financial Results 【 Our Group's Business Environment 】 ◼ The average ferrous scrap price for the fiscal year ended June 30, 2024 was ¥50,916/t. Net sales YoY (In the same period of the previous fiscal year ¥49,082/t ) ¥52,214 million 6
Slide 4: Summary of Consolidated Statements of Income - FY 2024
Summary of Consolidated Statements of Income - FY 2024 （¥ million） June/2024 June/2023 June/2024 Compared with forecast YoY Forecast announced on June 21, 2024 Actual Actual announced on Increase/ Increase/ Ratio June 21 , 2024 Ratio Decrease Decrease Shipping volume (1,000t) 625 648 22 3.6% - - - N
Slide 5: Analysis of Difference in Consolidated Ordinary Profit (YoY)
Analysis of Difference in Consolidated Ordinary Profit（YoY） ■Trading Gain/Loss： Increased due to grouping of Nitto Kako Co.,Ltd. ■Personnel Expenses： Increased personnel, regular salary increase and base increase of more than ¥10,000 ■Equipment Cost： New plant, new facilities investment (New sorting
Slide 6: Summary of Business Results by Segment
Summary of Business Results by Segment （¥ million） June/2023 June/2024 YoY Actual Actual Increase/ TOPICS Ratio Decrease Shipping volume (1,000t) 262 249 (13) (5%) ◼ Higher costs resulting from new capital expenditures associated with the operation of the advanced sorting plant and higher labor cost
Slide 7: Quarterly Ordinary Profit by Segment
Quarterly Ordinary Profit by Segment （¥ million） Resource Circulation Business Global Trading Business 476 500 200 418 156 167 383 398 391 397 364 124 400 354 112 87 100 300 30 200 0 100 (5) (43) 0 (100) Jun/23:1Q Jun/23:2Q Jun/23:3Q Jun/23:4Q Jun/24:1Q Jun/24:2Q Jun/24:3Q Jun/24:4Q Jun/23:1Q Jun/23
Slide 8: Summary of Consolidated Balance Sheets
Summary of Consolidated Balance Sheets （¥ million） As of Jun. 30 As of Jun. 30 Increase/ Decrease TOPICS 2023 2024 ¥1,130 million in merchandise and finished goods, -¥1,311 million in other current assets, Current assets 19,088 18,366 (721) -¥475 million in cash and deposits, -¥198 million in notes
Slide 9: Summary of Consolidated Statements of Cash Flows
Summary of Consolidated Statements of Cash Flows （¥ million） Increase / June/2023 June/2024 Decrease TOPICS (Inflows) ¥1,267 million in depreciation ¥816 million in profit before income taxes ¥673 million in increase in trade payables Cash flows from operating activities 2,332 2,940 608 (Outflows) ¥
Slide 10: Table of Contents
Table of Contents １．Financial Overview - FY2024 ２．Forecast - FY2025 ３．Reference Data 10
Slide 11: Forecast for the Consolidated Results - FY2025
Forecast for the Consolidated Results - FY2025 Consolidated Financial Forecast Background of Financial Forecast Net sales YoY ◼ In Resource Circulation Business, focus on strengthening collection capabilities through ¥53,500 million 2.5% up organizational integration, service businesses such as clea
Slide 12: Forecast for the Consolidated Results - FY2025
Forecast for the Consolidated Results - FY2025 （¥ million） June/2024 June/2025 YoY Actual Forecast Increase/ Ratio Decrease Shipping volume (1,000t) 648 650 2 0.3% Net sales 52,214 53,500 1,286 2.5% Gross profit 8,480 8,900 420 5.0% Operating profit 1,409 1,500 91 6.4% Ordinary profit 1,782 2,000 21
Slide 13: Forecast for the Consolidated Results - FY2025
Forecast for the Consolidated Results - FY2025 （￥ million） June/2024 June/2025 Net Sales Increase/ Composition Actual Forecast Ratio Decrease Ratio Consolidated 52,214 53,500 1,286 2% 100% Resource Circulation Business 21,254 25,500 4,246 20% 43% Global Trading Business 34,955 32,000 (2,955) (8%) 54
Slide 14: Analysis of Difference in Consolidated Ordinary Profit (YoY)
Analysis of Difference in Consolidated Ordinary Profit（YoY） ■Trading Gain/Loss ： Strengthening sales activities through integration of subsidiaries, strong cleaning and dismantling work, etc. ■Personnel Expenses： Human capital investment (hiring and training of business promoters, regular salary inc
Slide 15: TSR and Dividends
TSR and Dividends Total Shareholder Return (TSR) since listing Our Basic Dividend Policy ◼ The Company has set a basic policy of providing stable and continuous profit returns to ◼ Outperformed TOPIX in 10 year period shareholders from a long-term perspective while comprehensively taking into consid
Slide 16: Table of Contents
Table of Contents １．Financial Overview - FY2024 ２．Forecast - FY2025 ３．Reference Data 16
Slide 17: Segment: Net Sales by material
Segment：Net Sales by material (¥ million) Resource Circulation Business Ferrous scrap Nonferrous metal scrap Rubber product others Jun/23 Net sales ￥13,264million Full year 3,372 3,197 3,149 3,546 ￥15,958million Jun/24 Full year Net sales 2,938 3,659 5,647 3,714 0 5,000 10,000 15,000 Global Trading
Slide 18: Consolidated: Shipping volume by material / Net sales by area
Consolidated: Shipping volume by material / Net sales by area Shipping volume by material Net sales by area （¥ million） (1,000t) YoY YoY Item June/2023 June/2024 Area June/2023 June/2024 Ratio Ratio Ferrous scrap 512 520 1.5% Japan 27,166 31,373 15.5% Korea 9,489 8,258 (13.0%) Nonferrous metal scrap
Slide 19: Quarterly Business Results by Segment
Quarterly Business Results by Segment （¥ million） June/2023 June/2024 Segment Composition Composition 1Ｑ 2Ｑ 3Ｑ 4Ｑ Full Year Ratio 1Ｑ 2Ｑ 3Q 4Ｑ Full Year Ratio Handling volume 64 65 64 67 262 - 57 64 61 67 249 - (1,000t) Resource Net sales 4,179 4,349 4,697 5,625 18,852 34% 4,916 5,367 5,370 5,600 21,
Slide 20: Market Price
Market Price (¥/t) (¥/kg) Electric copper price Ferous scrap price (Tokyo Steel (Tahara)Tokkyu Grade Seaborne Price) 1,500 60,000 40,000 1,000 20,000 500 0 0 (¥/g) Gold price (¥/kg) Silver price 12,000 150,000 10,000 8,000 100,000 6,000 4,000 50,000 2,000 0 0 Sources: Tokyo Steel manufacturing Co.,
Slide 21: Market Price
Market Price (¥/kg) (¥/kg) Nickel price (¥/kg) Cobalt price 5,000 12,000 10,000 4,000 8,000 3,000 6,000 2,000 4,000 1,000 2,000 0 0 Lithium carbonate price (¥/＄) Exchange rate (¥/kg) 12,000 160 10,000 150 8,000 140 6,000 130 4,000 120 2,000 110 0 100 Sources: IRuniverse Co., Ltd., MUFG Bank, Ltd. 21
Slide 22: Important notes about this material
Important notes about this material This material is intended to provide investors with information to understand the current status of ENVIPRO HOLDINGS Inc. Although the contents in this material are described based on generally recognized socio-economic situations, etc., and certain assumptions th
Slide 23: Inquiry desk about this material and IR
Inquiry desk about this material and IR Corporate Management Department, ENVIPRO HOLDINGS Inc. TEL +81-544-21-3160 URL https://envipro.jp/en/