Hakuhodo Dy Holdings Incorporated · TSE:2433

Hakuhodo Dy — H1 FY2021 Earnings Presentation

29 slides from Hakuhodo Dy's earnings presentation, Nov 11, 2021

  1. Slide 1: Consolidated Financial Highlights FY2021 First-half

    Consolidated Financial Highlights FY2021 First-half (April-Sep., 2021) November 11, 2021 Hakuhodo DY Holdings, Inc.

  2. Slide 2: Consolidated Results Highlights of 1H FY 2021

    Consolidated Results Highlights of 1H FY 2021

  3. Slide 3: 1H FY2021 Summary

    1H FY2021 Summary Recovery trend from COVID-19 continues, with significant increases in both billings and profits. - Significant increase in both billings and profit due to recovery in advertising demand and contribution from Government/Organizations sector business. - Top line recovered to the leve

  4. Slide 4: 1H FY2021 Income Statements Highlight

    1H FY2021 Income Statements Highlight （Millions of JPY） Actual YOY Billings 661,373 +127,308 +23.8% Revenue 370,902 +83,042 +28.8% Operating Income 28,249 +26,449 +1468.9% Ordinary Income 29,898 +26,185 +705.4% Net Income Attributable to Owners of Parent 14,557 +17,990 n/a - Both billings and profit

  5. Slide 5: 1H FY2021 Results (Excluding Investment Business)

    1H FY2021 Results (Excluding Investment Business) (Millions of JPY) Actual YOY vs FY2019 Gross profit & Operating Income before amortization of goodwill by quarter Billings 656,209 +127,848 +24.2% -3.3% Revenue 365,737 +83,582 +29.6% +0.8% Gross Profit 161,683 +37,557 +30.3% +7.9% Gross Margin 24.6%

  6. Slide 6: Results by Region (Japan: Excluding Investment Business)

    Results by Region (Japan: Excluding Investment Business) 1H FY2021 (Millions of JPY) Actual YOY vs FY2019 Gross profit & Operating Income before amortization of goodwill by quarter Billings 576,043 +112,653 +24.3% -5.4% （millions of JPY） Revenue 285,572 +68,387 +31.5% -2.7% Gross Profit 126,118 +30,

  7. Slide 7: Results by Region (Overseas)

    Results by Region (Overseas) 1H FY2021 (Millions of JPY) Actual YOY vs FY2019 Gross profit & Operating Income before amortization of goodwill by quarter Billings 83,356 +15,585 +23.0% +13.3% （Millions of JPY） Revenue 83,356 +15,585 +23.0% +13.3% Gross Profit 37,210 +7,748 +26.3% +15.9% Gross Margin

  8. Slide 8: Billings by Service Category

    Billings by Service Category 1H FY2021 Composition (Millions of JPY) Actual YOY （ref.）vs Q1 FY19 Ratio Newspapers 17,424 +2,807 +19.2% 3.0% -3,596 -17.1% Magazines 4,034 -578 -12.5% 0.7% -4,255 -51.3% Radio 5,767 +172 +3.1% 1.0% -1,662 -22.4% Television 183,310 +23,869 +15.0% 32.0% -25,206 -12.1% Tr

  9. Slide 9: Billings by Clients’ Industry

    Billings by Clients’ Industry See p.19-23 for details. 1H FY2021 • The scope of tabulation has been expanded and some of the methods of tabulation have been changed from the current fiscal year, and the results of the previous year have been retroactively restated. - Main Positive Industries Informa

  10. Slide 10: Selling, General & Administrative Expenses

    Selling, General & Administrative Expenses 1H FY2021 （Millions of JPY） Actual YOY Major Change Factors in SG&A (Millions of JPY) Personnel 95,840 +8,496 +9.7% Q2 FY20 SG&A 127,894 Rent 9,233 -37 -0.4% Change in scope of consolidation +3,347 Depreciations 3,332 +394 +13.4% Amortization of goodwill +1

  11. Slide 11: Other Income & Extra-ordinary Items

    Other Income & Extra-ordinary Items 1H FY2021 Other Income/Loss （Millions of JPY） Actual YOY Non-operating Income 2,355 -184 Interest Income 148 -4 Dividend Income 1,180 -489 Investment Partership Income 329 +329 Non-operating Expenses 706 +78 Interest Expenses 249 +26 FOREX 42 -62 Share of loss of

  12. Slide 12: Guidance/Dividend for FY2021

    Guidance/Dividend for FY2021

  13. Slide 13: Guidance for FY2021

    Guidance for FY2021 Advertising demand in the second half of the fiscal year is expected to remain firm at present, although uncertainty remains due to the impact of supply chain disruptions and concerns about the reemergence of the COVID. Based on such market conditions, and taking into account the

  14. Slide 14: Dividend forecast

    Dividend forecast Our basic policy is to pay dividends in a stable and continuous manner. The amount of dividends will be determined after comprehensively taking into consideration the status of demand for financial funds, trends in business performance, and the enhancement of retained earnings. Und

  15. Slide 15: Change in accounting standards & Note Concerning Audits

    Cautionary Statements Concerning Forward-looking Statements, リレーションシップ ID rId2 のイメージ パーツがファイルにありませんでした。 Change in accounting standards & Note Concerning Audits （Cautionary Statements Concerning Forward-looking Statements） This presentation includes forward-looking statements concerning forecasts of

  16. Slide 16: Supplements

    Supplements

  17. Slide 17: Interim Income Statements

    Interim Income Statements Japanese GAAP-basis Interim Income Statements for 1H FY2021 YTD（6-Month） by Quarter（3-Month） （Millions of JPY） Actual YOY Q1 YOY Q2 YOY Billings 661,373 +127,308 +23.8% 326,964 +25.3% 334,409 +22.5% Revenue 370,902 +83,042 +28.8% 172,378 +22.3% 198,524 +35.2% Gross Profit 1

  18. Slide 18: Results Excluding Investment Business

    Results Excluding Investment Business 1H FY2021 YTD （6-Month） by Quarter（3-Month） Results Excluding Investment Business （Millions of JPY） Actual YOY Q1 YOY Q2 YOY Billings 656,209 127,848 +24.2% 323,680 +26.6% 332,528 +21.9% Revenue 365,737 83,582 +29.6% 169,094 +24.8% 196,643 +34.1% Gross Profit 16

  19. Slide 19: Results by Region

    Results by Region 1H FY2021 （Millions of JPY） Actual YOY Japan Billings 581,208 +112,113 +23.9% Revenue 290,737 +67,847 +30.4% Gross Profit 131,064 +29,593 +29.2% SG&A 93,070 +4,038 +4.5% Operating Income 37,994 +25,554 +205.4% Overseas Billings 83,356 +15,585 +23.0% Revenue 83,356 +15,585 +23.0% Gr

  20. Slide 20: Results by Region (YTD, by Quarter)

    Results by Region(YTD, by Quarter) 1H FY2021 YTD （6 -Month） by Quarter（3-Month） Japan (Excluding Investment Business) （Millions of JPY） YTD Actual YOY Q1 YOY Q2 YOY Billings 576,043 +112,653 +24.3% 284,874 +30.2% 291,169 +19.0% Gross Profit 126,118 +30,215 +31.5% 58,291 +33.1% 67,826 +30.2% Gross Ma

  21. Slide 21: Billings by Service Category

    Billings by Service Category 1H FY2021 YTD （6-Month） by Quarter（3-Month） （Millions of JPY） YTD Actual YOY Q1 YOY Q2 YOY Newspapers 17,424 +2,807 +19.2% 9,201 +44.2% 8,222 -0.1% Magazines 4,034 -578 -12.5% 1,907 -20.2% 2,126 -4.3% Radio 5,767 +172 +3.1% 2,887 +5.9% 2,880 +0.4% Television 183,310 +23,

  22. Slide 22: Billings by Clients’ Industry

    Billings by Clients’ Industry 1H FY2021 （Millions of JPY） Actual YOY Composition vs FY2019 Information/Communications 64,460 +16,969 +35.7% 13.3% +4,844 +8.1% Beverages/Cigarettes/Luxury foods 58,360 +7,458 +14.7% 12.1% -2,413 -4.0% Automobiles/Related products 48,077 +3,857 +8.7% 9.9% -16,093 -25.1

  23. Slide 23: Billings by Clients’ Industry (YoY, by Quarter) 1

    Billings by Clients’ Industry (YoY, by Quarter) 1 FY2019 FY2020 FY2021 (Millions of JPY) Information/Communications Beverages/Cigarettes/Luxury foods Automobiles/Related products +10,974 +8,000 +5,994 +8,000 +8,000 +4,416 +4,316 +3,318 +3,041 +2,099 +1,976 +3,000 +3,000 +737 +3,000 +513 -2,000 -501

  24. Slide 24: Billings by Clients’ Industry (YoY, by Quarter) 2

    Billings by Clients’ Industry (YoY, by Quarter) 2 FY2019 FY2020 FY2021 (Millions of JPY) Finance/Insurance Restaurant/Services Distribution/Retailing +8,000 +8,000 +8,000 +4,151+3,797 +4,277 +2,904+3,139 +2,172 +1,840 +2,094 +3,000 +1,200 +3,000 +3,000 +161 -2,000 -2,000 -2,000 -1,110 -718 -936 -1,7

  25. Slide 25: Billings by Clients’ Industry (YoY, by Quarter) 3

    Billings by Clients’ Industry (YoY, by Quarter) 3 FY2019 FY2020 FY2021 (Millions of JPY) Government/Organizations Household products Apparel/Accessories +17,430 +8,000 +8,000 +8,000 +3,230 +2,332+1,646 +2,153 +3,000 +940 +3,000 +681 +673 +197 +3,000 +518 +249 +344 -2,000 -2,000 -2,000 -554 -144 -756

  26. Slide 26: Billings by Clients’ Industry (YoY, by Quarter) 4

    Billings by Clients’ Industry (YoY, by Quarter) 4 FY2019 FY2020 FY2021 (Millions of JPY) Education/Medical services/Religion Precision machinery/Office supplies Classified advertising/Other +8,000 +8,000 +8,000 +3,000 +3,000 +908 +3,000 +136 +279 +210 +236 +122 +559 +73 +178 -2,000 -164 -220 -117 -6

  27. Slide 27: Balance Sheets

    Balance Sheets （Millions of JPY） End of Sep 2021 Change * Composition Current Assets 639,873 13,141 65.6% Cash & Deposits 205,962 26,650 Accounts Recievable 312,685 -48,038 Non-current Assets 334,862 20,490 34.4% Tangible Assets 35,888 972 Intangible Assets 73,516 4,465 Goodwill 46,223 4,422 Investm

  28. Slide 28: Cash Flow Statements

    Cash Flow Statements 1H FY2021 （Millions of JPY） Actual YOY Cash Flows from Operating Activities 31,758 +52,975 Cash Flows from Investing Activities -9,599 +2,905 Purchase of property, plant and equipment -2,043 -534 Purchase of intangible assets -2,208 +860 Purchase of investment securities -2,150

  29. Slide 29: HakuhodoDY holdings

    HakuhodoDY holdings

Hakuhodo DY Holdings — H1 FY2021 Earnings Presentation on 6ix