Slide 1: Presentation of the 4th Quarter FY2007
SUMIDA CORPORATION Presentation of the 4th Quarter FY2007 ～ Summary of 2007/1B7 & Future Business Plan ～ 19th February, 2008 Shigeyuki Yawata, CEO Saburo Matsuda, CFO Copyright © 2008 SUMIDA CORPORATION. All Rights Reserved.
Slide 2: Summary of 1st to 4th Quarter FY07 (Consolidated)
Summary of 1st to 4th Quarter FY07 (Consolidated) ■ Improvement of Net Sales Reasons： and Operating Income Ratio 9Delay in the sale of Inverter Unit Business 8.0% 7.7% 9Delay in the restructuring of 6.8% Mexico factory 4.2% Main action items in FY07 (JPY mil) 18,402 17,885 18,000 17,035 Review of
Slide 3: Summary of FY2007
Summary of FY2007 Net Sales Grew steadily with strong legacy business and expansion of Automotive and VOGT business. -> UP 10.6% year-on-year Operating Income Increased by smooth expansion of existing business and improvement of profitability through structural reforms. -> UP 13.0% year-on-year Ordi
Slide 4: 1. Exchange Profit/Loss
1. Exchange Profit/Loss Average in past 07.1Q 07.2Q 07.3Q 07.4Q 2008 12 months Yen/USD 118.1 123.3 115.6 112.4 108 117.65 Yen/Euro 157.2 165.8 163.7 165.6 158 161.29 Yen/HKD 15.1 15.8 14.9 14.4 14 15.78 Exchange Profit/Loss 59 455 △364 △122 28 （Unit：Million Yen） Copyright © 2008 SUMIDA CORPORATION.
Slide 5: 2. Consolidated Result 4Q, FY2007
2. Consolidated Result 4Q, FY2007 （Unit：Million Yen） 4Q/07 4Q/06 YOY Actual Projections Change Actual Net Sales 17,035 17,000 35 0.2% 17,162 △0.7% Operating 1,316 1,400 △84 △6.0% 608 116.3% Income O.I.R. 7.7% 8.2% △0.5% 3.5% Ordinary 1,032 1,335 △303 △22.7% 492 109.8% Income Net Income 949 940 9 0.9
Slide 6: 3. Consolidated Result FY2007
3. Consolidated Result FY2007 （Unit：Million Yen） FY2007 FY2006 YOY Actual Projections Change Actual Net Sales 70,210 70,200 10 0.0% 63,508 10.6% Operating 4,712 4,800 △88 △1.8% 4,171 13.0% Income O.I.R. 6.7% 6.8% △0.1% 6.6% Ordinary 4,368 4,700 △332 △7.1% 4,505 △3.1% Income Net Income 2,855 2,900 △4
Slide 7: 4. Consolidated result of FY2007 (Actual)
4. Consolidated result of FY2007 (Actual) （Unit：Million Yen, ％） FY2007 Full business 1Q 2Q 3Q 4Q year Net Sales 16,888 18,402 17,885 17,035 70,210 Operating 705 1,253 1,438 1,316 4,712 Income Sales Operating 4.2% 6.8% 8.0% 7.7% 6.7% Income Ratio Ordinary 563 1,750 1,023 1,032 4,368 Income Net 355 67
Slide 8: 5. Extraordinary Gain / Loss
5．Extraordinary Gain / Loss （Unit：Million Yen） 1Q/07 2Q/07 3Q/07 4Q/07 FY2007 Sale of fixed assets △1 973 2,007 △142 2,837 Impairment loss － △946 △265 － △1,211 Arima Device’s stock etc. Structural reform of － △211 － － △211 Inverter Business Sale of Jensen － △162 0 － △162 Sale of Inverter Unit － － －
Slide 9: 6. 4Q Sales Breakdown by Business
6. 4Q Sales Breakdown by Business 4Q/07 4Q/06 Change （¥million） (¥million） （¥million） (%) Magnetics 6,340 6,632 △292 △4.4 Inverter 1,720 1,988 △268 △13.5 Automotive 2,599 2,166 433 20.0 Panta 446 356 90 25.3 STELCO 503 471 32 6.8 VOGT 4,905 5,059 △154 △3.0 Components VOGT EMS 517 466 51 10.9 Others
Slide 10: 7. FY2007 Sales Breakdown by Business
7. FY2007 Sales Breakdown by Business FY2007 FY2006 Change （¥million） (¥million） （¥million） (%) Magnetics 25,447 23,634 1,813 7.7 Inverter 6,724 7,520 △796 △10.6 Automotive 9,862 8,231 1,631 19.8 Panta 1,867 356 1,511 424.4 STELCO 2,071 2,238 △167 △7.5 VOGT 21,699 18,878 2,821 14.9 Components VOGT E
Slide 11: 8. 4Q Sales Breakdown by Region (Destination)
8. 4Q Sales Breakdown by Region (Destination) 4Q/07 4Q/06 Change （¥million） (%) (¥million） (%) （ ¥million） Japan 2,510 14.8 2,583 15.1 △73 Hong Kong/ 3,600 21.1 3,543 20.6 57 China ASEAN 839 4.9 892 5.2 △53 Taiwan/ 1,010 5.9 1,510 8.8 △500 Korea NAFTA 1,552 9.1 1,740 10.1 △188 EU 7,514 44.1 6,821 39
Slide 12: 9. FY2007 Sales Breakdown by Region (Destination)
9. FY2007 Sales Breakdown by Region (Destination) FY2007 FY2006 Change （¥million） (%) (¥million） (%) （¥million） Japan 9,489 13.5 9,663 15.2 △174 Hong Kong/ 13,524 19.3 11,028 17.4 2,496 China ASEAN 3,297 4.7 3,163 5.0 134 Taiwan/ 4,718 6.7 6,031 9.5 △1,313 Korea NAFTA 7,133 10.2 5,931 9.3 1,202 EU 3
Slide 13: 10. 4Q Breakdown of Operating Income by Business
10. 4Q Breakdown of Operating Income by Business （Unit：¥million, ％） 4Q/07 4Q/06 Change Coil 1,716 1,412 304 O. I. R.（％） 14.6 12.1 － VOGT 278 △187 465 Components O. I. R.（％） 5.6 △3.7 － VOGT EMS △13 94 △107 O. I. R.（％） △2.5 20.2 － Elimination △665 △711 46 Total 1,316 608 708 O. I. R.（％） 7.7 3.5 － Copy
Slide 14: 11. FY2007 Breakdown of Operating Income by Business
11. FY2007 Breakdown of Operating Income by Business （Unit：¥million, ％） FY2007 FY2006 Change Coil 6,344 6,060 284 O. I. R.（％） 13.6 14.3 － VOGT 975 769 206 Components O. I. R.（％） 4.5 4.1 － VOGT EMS 87 329 △242 O. I. R.（％） 3.5 13.8 － Elimination △2,694 △2,987 293 Total 4,712 4,171 541 O. I. R.（％） 6.7
Slide 15: 12. Consolidated Balance Sheet
12．Consolidated Balance Sheet （Unit：million yen） FY2006 FY2007 FY2008(FC） Short-term loans 13,231 16,196 Bond（Alpine 8,000 8,000 bond） Long-term 6,307 3,563 loans+ bond Total debt 27,538 27,759 Cash and cash 6,417 9,180 equivalent Net debt 21,121 18,579 Reduce in Current assets/current 5,500 liabili
Slide 16: 13. Projections for 1Q/FY08 Consolidated
13. Projections for 1Q/FY08 Consolidated 1Q/08 1Q/07 Change Projections Actual (¥million (¥million） ％ (¥million） Yen） Net Sales 15,600 16,888 △1,288 △7.6% Operating 1,000 705 295 41.8% Income O. I. R 6.4% 4.2% Ordinary 800 563 237 42.1% Income Net Income 560 355 205 57.7% Copyright © 2008 SUMIDA COR
Slide 17: 14. Projections for 1Q/FY08 Consolidated
14．Projections for 1Q/FY08 Consolidated 1Q/07 Actual Net Sales 16,888 M yen Change： 1Q/08 Projections Net Sales 15,600 M yen △1,288 M yen Inverter Unit Business 1Q/07 Net Sales 1,660 M yen VOGT business 1Q/07 Net Sales 750 M yen 2,410 M yen 16,888 M yen △2,410 M yen △1,000 M yen （currency exchange）
Slide 18: 15. Projections for FY2008 Consolidated
15. Projections for FY2008 Consolidated FY2008 FY2007 Change Projections Actual （¥million） ％ (¥million） (¥million） Net Sales 65,300 70,210 △4,910 △7.0% Operating 5,230 4,712 518 11.0% Income O. I. R 8.0% 6.7% Ordinary 4,830 4,368 462 10.6% Income Net Income 3,380 2,855 525 18.4% Copyright © 2008 SUM
Slide 19: 16. Projections for FY2008 Consolidated
16．Projections for FY2008 Consolidated FY2007 Actual Net Sales 70,210 M yen Change： FY2008 Net Sales 65,300 M yen △4,910 M yen Projections Inverter Unit Business 1Q/07 Net 6,200 M yen Sales VOGT Business 1Q/07 Net 3,000 M yen Sales 9,200 M yen 70,210 M yen △9,200 M yen △3,200 M yen （currency exchang
Slide 20: 17. Capital Expenditure, Depreciation, R&D
17．Capital Expenditure, Depreciation, R&D Plan of 2008 ・Capital expenditure 4,500 M yen ・Depreciation 4,100 M yen ・R & D expenses （SECL）2,800 M yen （SVG)800 M yen 3,600 million yen Copyright © 2008 SUMIDA CORPORATION. All Rights Reserved.
Slide 21: FY2007 Summary of 1st to 4th Quarter (SVG)
FY2007 Summary of 1st to 4th Quarter（SVG） ■ Improvement of Net Sales & Operating Income Ratio Low operation availability rate due to Christmas 5.5% 5.2% 3.9% 4.2% Main action items in 2007 (JPY mil) Sales of Streamlining of unprofitable 8,000 7,600 unprofitable departments of VOGT 7,254 subsidiari
Slide 22: Summary of Mid-Term Business Plan '1B7' (FY03-07)
Summary of Mid-Term Business Plan”1B7” (FY03-07) ■ Improvement of Net Sales, Operating Income Ratio and EBITDA Ratio 14.1% 1B7 target 11.7% 12.2% 11.2% Net Sales: 100 billion yen EBITDA Ratio 5.4% If EBITDA Ratio: over 10% excluding 7.3% Inverter O. I. R. 10.0% Business (JPY mil) 100,000 7.8% 8.
Slide 23: Actions for a New Growing Stage
Actions for a New Growing Stage Improve profit rate by 1B7： Strengthen R&D, production shift to China Scale expansion by M&A Pursuit of global synergy 10.0% Excluding Inverter Improve in profitability and Unit Business expansion in scale 7.8% 8.0% 8.0% (JPY mil) 7.3% 6.6% 6.2% 100,000 Profit ratio d
Slide 24: Measures to Sustain the Outcome of 1B7 and for Further Development
Measures to Sustain the Outcome of 1B7 and for Further Development Strategic Strategic and and financial financial results results ofof 1B7: 1B7: Profit Profit growth growth by by scale scale expansion expansion ¾Scale expansion ¾Scale expansion through through active active M&A M&A -- aiming aim
Slide 25: Measures to Sustain the Outcome of 1B7 and for Future Development
Measures to Sustain the Outcome of 1B7 and for Future Development Preparation Preparation for for the the new new growing growing stage：stage： To To achieve achieve 20% 20% increase increase in in yearly yearly growth growth profit profit rate rate by by improving profit ratio and scale improvin
Slide 26: Future Perspective – Good Business Environment which enables further Development
Future Perspective – Good Business Environment which enables further Development Condition： Condition： Growth Growth rate rate of of Coil Coil market market Coil Coil market market is is expected expected to to maintain maintain 10% 10% value-based value-based growth growth rate rate globally he
Slide 27: End of the Report
End of the Report Disclaimer The present slides are provided only to serve the purpose of disclosing information in your evaluation of the Company. Final decision on investments or similar decision is left to your absolute discretion. The Company disclaims responsibility or liability for any or all