Unipres Corporation · TSE:5949

Unipres — Q3 FY2019 Earnings Presentation

28 slides from Unipres's earnings presentation, February 2020

  1. Slide 1: FY2019 3rd Quarter Financial Results

    FY2019 3rd Quarter Financial Results

  2. Slide 2: FY2019 3Q Financial Results / Forecast for FY2019

    FY2019 3Q Financial Results Forecast for FY2019 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2

  3. Slide 3: FY2019 3Q Financial Results

     FY2019 3Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3

  4. Slide 4: Key Highlights for Q3, FY2019

    Key Highlights for Q3, FY2019 (consolidated-basis) １. Net sales decreased due to production reduction by customer and Forex impact. ２. Operating profit decreased mainly as a result of production reduction by customer. Copyright© UNIPRES CORPORATION, All Rights Reserved. 4

  5. Slide 5: Summary of Q3, FY2019

    Summary of Q3, FY2019 Transition in business results 300 Net Sales (billion yen Net sales 242.9 241.1 220.3 250 売 営 20 Operating profit (billion yen) 業 Operating profit 上 200 高 利 益 150 （ 億 （ 10 億 17.7 円） 100 円 13.9 ） ） 50 3.7 0 0 3Q, FY2017 3Q, FY2018 (A) 3Q, FY2019 (B) (B) - (A) Net sales 241.1 242

  6. Slide 6: Consolidated Sales by Product Group

    Consolidated Sales by Product Group (billion yen) 3Q, FY2018 3Q, FY2019 Variance Variance Sales % Sales % % Car body press products 202.5 83.4% 185.3 84.1% -17.2 +0.7% Transmission products 34.8 14.3% 30.9 14.0% -3.9 -0.3% Plastic 3.1 1.3% 2.8 1.3% -0.3 0.0% products Other 2.5 1.0% 1.3 0.6% -1.2 -0.

  7. Slide 7: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 3Q, FY2018 3Q, FY2019 Variance Sales % Sales % Nissan Motor-related products Sub-total 204.4 84.1% 182.7 82.9% -1.2% Dongfeng Motor Company Limited. 44.6 18.4% 40.1 18.2% -0.2% Nissan Motor 31.3 12.9% 30.5 13.8% +0.9% Nissan North America 28.0 11.5% 28.1

  8. Slide 8: Consolidated Sales by Customer

    Consolidated Sales by Customer (billion yen) 3Q, FY2018 3Q, FY2019 Variance Sales % Sales % Other customers Sub-total 38.5 15.9% 37.6 17.1% +1.2% Incl.) Honda of America Mfg., Inc. 4.8 2.0% 4.8 2.2% +0.2% Honda Honda of The U.K. Manufacturing Ltd. 4.0 1.7% 2.8 1.3% -0.4% Honda De Mexico, S.A. De C.V

  9. Slide 9: Operating Profit Variance Analysis

    9 FY2019 3.7 3Q 1.6 Cost saving -0.4 Others Operating Profit Variance Analysis Consolidation 0.1 adjustment -0.2 Forex -2.5 Initial cost for new car model parts -0.3 0.2 Production reinforcement SG&A -0.4 Depreciation/ -8.3 amortization Volume fluctuation & model mix etc. 13.9 FY2018 3Q (billion yen

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

    Sales/Operating Profit by Region (Japan) (billion yen） （billion yen） Net sales Operating profit 100 8 6 4 50 6.3 6.3 77.8 2 74.1 66.4 0 -1.3 0 -2 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 3Q 3Q 3Q 3Q 3Q 3Q ※ Net sales dropped by 10.4% due to customers’ reduced production, etc. ※ Operating profit was

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

    Sales/Operating Profit by Region (The Americas) （billion yen） （billion yen） Net sales Operating profit 100 6 50 3 76.7 73.0 4.4 67.3 1.7 0.8 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 3Q 3Q 3Q 3Q 3Q 3Q ※ Net sales dropped by 7.8% due to customers’ reduced production and Forex impact, etc. ※ Opera

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

    Sales/Operating profit by Region (Europe) （billion yen） （billion yen） Net sales Operating profit 40 1 30 0.8 0.5 20 0 26.8 27.9 24.7 -0.8 10 0 -1 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 3Q 3Q 3Q 3Q 3Q 3Q ※ Net sales decreased by 11.5% due to production reduction by customer and Forex impact, etc.

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

    Sales/Operating Profit by Region (Asia) （billion yen） （billion yen） Net sales Operating profit 80 8 60 6 40 4 67.9 59.7 61.8 6.0 5.8 5.5 20 2 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 3Q 3Q 3Q 3Q 3Q 3Q ※ Net sales decreased by 9.0% because of Forex impact, etc. ※ Operating profit decreased by 8.

  14. Slide 14: Capital Investment

    Capital Investment （billion yen） 40 国内実績 business results Domestic Annual plan 海外実績 business results Overseas (32.0) 31.2 30 27.1 23.2 11.8 20.0 20 12.5 9.2 6.9 10 19.4 13.1 14.0 14.6 0 FY2016 2016年度 FY2017 2017年度 FY2018 2018年度 3Q, FY2019 2019年度 Copyright© UNIPRES CORPORATION, All Rights Reserved. 1

  15. Slide 15: Capital Investment & Depreciation/Amortization

    Capital Investment & Depreciation/Amortization （billion yen） 40 Depreciation 減価償却費 and amortization 設備投資 Capital investment Annual plan (32.0) 30 Annual plan (20.0) 20 31.2 27.1 23.2 10 18.3 20.0 18.6 18.4 14.0 0 2016年度 FY2016 2017年度 FY2017 2018年度 FY2018 2019年度 3Q, FY2019 ※ Both capital investment a

  16. Slide 16: Cash Flows

    Cash Flows (billion yen) 30 Cash flow from operating activities Cash flow from investing activities Free cash flow 20 11.4 5.6 0.8 27.6 23.0 20.7 10 19.4 19.4 14.8 14.0 15.1 11.6 3.2 0 -10 -24.4 -20 -30 FY2015 FY2016 FY2017 FY2018 FY2019 3Q 3Q 3Q 3Q 3Q Copyright© UNIPRES CORPORATION, All Rights Rese

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

    Interest-bearing Debt & Net Interest-bearing Debt Balance （billion yen） 50 長期借入金 Long-term loans payable Interest-bearing debt balance 短期借入金 Short-term loans payable Net interest-bearing debt balance 40 36.5 1.1 30.3 30 6.2 22.4 20 1.8 35.4 13.1 13.1 24.1 1.3 0.8 10 20.6 17.0 11.8 12.3 2.8 2.8 0 End

  18. Slide 18: Forecast for FY2019

    Forecast for FY2019 Copyright© UNIPRES CORPORATION, All Rights Reserved. 18

  19. Slide 19: 2019 Consolidated Business Plan Highlights

    2019 Consolidated Business Plan Highlights 1. Net sales forecast to decline mainly due to customers’ production decreased and Forex impact. 2. Operating profit forecast to decrease due to sales decline. Copyright© UNIPRES CORPORATION, All Rights Reserved. 19

  20. Slide 20: Consolidated Business Plan for FY2019

    Consolidated Business Plan for FY2019 Financial performance 40 400 Operating profit (billion yen) 330.9 Net sales 327.8 299.0 30 Operating profit 300 295.0 300.0 20 200 26.0 10 20.1 100 15.5 10.0 6.3 0 0 FY2019 FY2019 FY2019 revised forecast revised forecast FY2017 FY2018（A） released on released on

  21. Slide 21: Forecast of Operating Profit Variance Analysis

    2009年度 21 forecast FY2019 revised 6.3 Forecast of Operating Profit Variance Analysis 2.1 Cost saving 0.3 Others -0.2 Consolidation adjustment -0.5 Forex -2.9 Initial cost for new car model parts 0.3 Production reinforcement -0.6 SG&A -0.8 Depreciation/ amortization -11.5 Volume fluctuation & model m

  22. Slide 22: Sales/Operating Profit by Region (Japan)

    Sales/Operating Profit by Region (Japan) (billion yen) Net sales (billion yen) Operating profit 10 100 5 8.3 6.8 0 50 105.0 98.6 89.9 -6.2 -5 0 -10 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 (revised forecast) Forecast (revised forecast) Forecast ※ Net sales projected to decrease because of productio

  23. Slide 23: Sales/Operating Profit by Region (the Americas)

    Sales/Operating Profit by Region (the Americas) (billion yen) Net sales (billion yen) Operating profit 150 10 100 5 7.4 50 104.0 100.0 6.9 90.8 4.2 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 Forecas (revised t forecast) Forecast (revised forecast) ※ Net sales projected to decrease because of prod

  24. Slide 24: Sales/Operating Profit by Region (Europe)

    Sales/Operating Profit by Region (Europe) (billion yen) Net Sales (billion yen) Operating profit 40 1 30 1.2 1.0 20 36.5 36.7 35.2 0 10 -0.9 0 -1 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 (revised forecast) (revised forecast) ※ Despite the impact of the conversion of UM Corporation, SAS into a subsi

  25. Slide 25: Sales/Operating Profit by Region (Asia)

    Sales/Operating Profit by Region (Asia) (billion yen) Net Sales (billion yen) Operating profit 100 10 50 5 92.5 85.4 83.0 8.6 8.5 7.0 0 0 FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 (revised forecast) (revised forecast) ※ A decrease in net sales is planned due to Forex impact, etc. ※ Operating profit

  26. Slide 26: Copyright© UNIPRES CORPORATION, All Rights Reserved.

    Copyright© UNIPRES CORPORATION, All Rights Reserved. 26

  27. Slide 27: Exchange Rate Reference

    Exchange Rate Reference （yen） 3Q, FY2018 3Q, FY2019 Annual plan Average for Average for the period term end the period term end At first Full year US $ 111.33 110.91 108.89 109.55 110.00 107.92 STG ￡ 148.04 148.52 138.73 132.67 145.00 139.50 EURO 130.61 132.15 122.36 118.04 124.00 122.15 MEX $ 5.79

  28. Slide 28: 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 — Q3 FY2019 Earnings Presentation on 6ix