Mizuho Leasing Company, Limited · TSE:8425

Mizuho Leasing — H1 FY2021 Earnings Presentation

13 slides from Mizuho Leasing's earnings presentation, Nov 9, 2021

  1. Slide 1: Overview First-Half Results for FY2021

    Overview First-Half Results for FY2021 November 9, 2021 Mizuho Leasing Co., Ltd.

  2. Slide 2: Summary of Second-Quarter Results for FY2021

    Summary of Second-Quarter Results for FY2021  Operating income increased amid the harsh environment under the COVID-19 pandemic, supported by the accumulation of highly profitable financing assets and a reversal of credit costs  Ordinary income declined due to the effect of recording equity in los

  3. Slide 3: Factors behind change in net income attributable to owners of the parent

    Factors behind change in net income attributable to owners of the parent 0.8 ¥bn 2.3 0.4 (E) (B) (C) (D) -0.5 (A) -0.6 13.0 -0.4 (F) -2.9 (G) 1.4 9.5 Operating income +¥2.1 billion -4.0 FY20 1H Income from Gain on large Income from Funding costs Credit costs Selling, Other income Extraordinary Tax e

  4. Slide 4: Overview of Financial Results

    Overview of Financial Results FY19 FY20 FY21 % (¥bn) Change 1H 1H 1H Change Revenues 254.9 228.7 260.0 +31.3 +14% Gross profit before write- offs and funding costs 28.9 28.4 29.7 +1.3 +5% Funding costs (5.0) (4.2) (3.7) -0.5 -11% Gross profit 24.0 24.2 26.0 +1.8 +7% Credit costs -0.5 0.6 -0.2 -0.8 -

  5. Slide 5: Business Performance Overview

    Business Performance Overview  Contract execution volume of leasing and installment sales declined mainly due to delays in capital investment of customers  On the other hand, contract execution volume of financing increased with contribution from large real-estate projects, and operating assets re

  6. Slide 6: Contract Execution Volume / Leasing and Installment Sales

    Contract Execution Volume / Leasing and Installment Sales Contract execution volume by equipment type  Contract execution volume for FY21 1H declined due to delays in capital investment of customers and large projects executed in the same period of the previous year  Although the movement of contr

  7. Slide 7: Contract Execution Volume / Financing

    Contract Execution Volume / Financing Contract execution volume FY19 FY20 FY21 % (¥bn) Change 1H 1H 1H Change Commercial distribution finance / 254.9 303.2 294.0 -9.2 -3% loan, etc. Increased due to large projects Real estate 26.2 26.8 79.4 +52.6 +196% executed Vessel 10.9 6.9 2.5 -4.4 -64% Aircraft

  8. Slide 8: Funding

    Funding  Funding costs and funding costs ratio both decreased due to factors such as lower foreign currency funding interest rates Interest-bearing debt Funding costs (ratio) FY19 FY20 FY21 (¥bn) Borrowings CP Bonds/securitization (¥bn) 2,283.9 1H 1H 1H 2,400.0 2,255.4 Funding costs 5.0 4.2 3.7 2,0

  9. Slide 9: Earnings Forecasts and Dividends

    Earnings Forecasts and Dividends  We have not changed our full-year earnings forecasts for FY2021, and aim to achieve them by regaining earnings in the second half ‒ Going forward, we will continue to closely watch the impact of the global spread of COVID-19  Interim dividend of ¥55/share, an incr

  10. Slide 10: Appendix

    Appendix

  11. Slide 11: Overview of Sixth Mid-term Management Plan (FY 2019-2023)

    Overview of Sixth Mid-term Management Plan (FY 2019-2023) Providing solutions that contribute to financial and Cooperation with strategic business partners business strategies for all our clients （※1） Enhancing lease financing business by expanding Mizuho Financial Group client base  One of the lar

  12. Slide 12: Consolidated Targets for the Final Fiscal Year of Sixth Mid-term Management Plan

    Consolidated Targets for the Final Fiscal Year of Sixth Mid-term Management Plan (FY 2019-2023) Dividend Net income attributable ¥30.0 Balance in Triple payout Aim for 25% to owners of the parent billion the global area compared with that at or more the end of March 2019 ratio (¥bn) 30.0 Triple comp

  13. Slide 13: Connect needs to create the future Inquiries

    Connect needs to create the future Inquiries Mizuho Leasing Company, Limited Corporate Planning Department Corporate Communication Division Tel: +81-3-5253-6540 Fax: +81-3-5253-6539 This document contains forecasts and other forward-looking statements that are based on information available at the t

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