Slide 1: Term Ending March 2018 Results Briefing
Term Ending March 2018 Results Briefing VT Holdings Co., Ltd. May 23 / 24, 2018 Market of listing: TSE 1st section, NSE 1st section (securities code: 7593)
Slide 2: Summary of results for the term ending March 2018
Summary of results for the 1st to 4th quarters, ＶＴ ＨＯＬＤＩＮＧＳ Term Ending March 2018 term ending March 2018 Results Briefing 3 We achieved record high sales The 3 overseas M&A below contributed to increased revenue this term. May 2016 Wessex Garages Holdings (9 ⇒ 12 months) October 2016 Master Auto
Slide 3: P/L for the term ending March 2018
ＶＴ ＨＯＬＤＩＮＧＳ P/L for the term ending March 2018 Term Ending March 2018 Results Briefing 4 Sales increased 19.2% compared to the previous term due to M&A We have achieved 8 consecutive terms of increased revenue from the term ending March 2011. Sales (left axis) Operating profit (right axis) Ordinary
Slide 4: Ratio of overseas sales
ＶＴ ＨＯＬＤＩＮＧＳ Ratio of overseas sales Term Ending March 2018 Results Briefing 5 The ratio of overseas sales increased due to overseas M&A This was because we converted Peugeot Citroen South Africa into a subsidiary in June 2017, and the results of companies turned into subsidiaries during the term end
Slide 5: Ordinary profit rate of overseas dealers
ＶＴ ＨＯＬＤＩＮＧＳ Ordinary profit rate of overseas dealers Term Ending March 2018 Results Briefing 6 We achieved both increased revenue and increased profits at overseas dealers overall. The ongoing improvement of profit rates is an issue. Ordinary profit rate of overseas dealers 0.7% 0.4% -0.5% -1.3% -3.
Slide 6: Overseas dealers and Nissan-related dealers
ＶＴ ＨＯＬＤＩＮＧＳ Overseas dealers and Nissan-related dealers Term Ending March 2018 Results Briefing 7 (Million yen) Result for Plan for Result for Compared term ending term ending term ending to previous Compared to plan March 2017 March 2018 March 2018 term Sales 169,560 196,000 202,133 32,572 +6,133 C
Slide 7: Number of vehicles sold
ＶＴ ＨＯＬＤＩＮＧＳ Number of vehicles sold Term Ending March 2018 Results Briefing 8 Overseas M&A made a significant contribution in both new and used vehicles Number of vehicles sold (Vehicles) Number of used vehicles sold (Vehicles) 95,159 Increase Decrease Total 82,916 79,210 74,593 73,817 Used +5,770 v
Slide 8: Division-specific sales
ＶＴ ＨＯＬＤＩＮＧＳ Division-specific sales Term Ending March 2018 Results Briefing 9 New Vehicle Division, Used Vehicle Division and Service Division contributed to increased revenue in association with M&A Change compared to previous term Division-specific - Trend in sales (Million yen) (Million yen) Sale
Slide 9: Division-specific gross profit
ＶＴ ＨＯＬＤＩＮＧＳ Division-specific gross profit Term Ending March 2018 Results Briefing 10 Compared to the previous term, New Vehicle Division and Service Division led an increase in profits (Division specific - Gross profit - Division-specific - Trend in gross profit Comparison with previous term) (Mill
Slide 10: Registered numbers of new and used vehicles
ＶＴ ＨＯＬＤＩＮＧＳ Registered numbers of new and used vehicles Term Ending March 2018 Results Briefing 11 Although there are some temporary fluctuations due to the impact of economic fluctuations, tax reform and government subsidies, etc., registrations are tending to decrease long-term (10,000 vehicles) (
Slide 11: Number of vehicles owned
ＶＴ ＨＯＬＤＩＮＧＳ Number of vehicles owned Term Ending March 2018 Results Briefing 12 Service Division has a stock business using owned vehicles as a source of revenue (10,000 vehicles) (Nationwide - Number of passenger vehicles owned) 7000 6005 6051 6083 6125 6189 6000 5709 5751 5755 5768 5790 5813 5872
Slide 12: Foundational revenue cover ratio
ＶＴ ＨＯＬＤＩＮＧＳ Foundational revenue cover ratio Term Ending March 2018 Results Briefing 13 On average the ratio is 96.0% among the main domestic dealers Aside from the New Vehicle Division, which is easily influenced by external factors such as the new vehicle launch cycle dependent on the manufacturer
Slide 13: B/S for the term ending March 2018
ＶＴ ＨＯＬＤＩＮＧＳ B/S for the term ending March 2018 Term Ending March 2018 Results Briefing 14 In addition to positive M&A, total assets have increased by 15.3 billion yen due to investment for growth such as relocation renewal and work to remodel and refresh business premises, etc. (100 Million yen) Tot
Slide 14: CF for the term ending March 2018
ＶＴ ＨＯＬＤＩＮＧＳ CF for the term ending March 2018 Term Ending March 2018 Results Briefing 15 Free cashflow recovered to 6.4 billion yen Operating cashflow expanded. We will aim for stable growth while balancing long-term investments and the compression of liabilities. FCF (free cashflow) (Trend in conso
Slide 15: Actual interest-bearing liabilities
ＶＴ ＨＯＬＤＩＮＧＳ Actual interest-bearing liabilities Term Ending March 2018 Results Briefing 16 We kept the net D/E ratio to less than 1.0 Even while we implement long-term investments such as M&A and store renewals, etc., positively, we will promote the compression of interest-bearing liabilities based
Slide 16: Number of automobile sales bases
ＶＴ ＨＯＬＤＩＮＧＳ Number of automobile sales bases Term Ending March 2018 Results Briefing 17 (As of March 2018) New Used Aggregation category Company name Brand Total vehicles vehicles Honda Honda Cars Tokai Honda 27 0 27 Nagano Nissan Auto Nissan 32 1 33 Shizuoka Nissan Auto Nissan 25 5 30 Nissan Mikawa
Slide 17: Full-term results forecast for the term ending March 2019
Full-term results forecast for the term ending ＶＴ ＨＯＬＤＩＮＧＳ Term Ending March 2018 March 2019 Results Briefing 18 The forecast is that we will achieve record high sales Negative factors in new vehicle sales due to the unqualified inspection problem will disappear and increased revenue and profits are
Slide 18: Planned number of vehicles to be sold in term ending March 2019
Planned number of vehicles to be sold in the term ＶＴ ＨＯＬＤＩＮＧＳ Term Ending March 2018 ending March 2019 Results Briefing 19 The number of Nissan vehicles to be sold domestically is forecast to recover 18/3 19/3 Number of vehicles sold Plan Result Plan (Vehicles) Total new vehicles 42,339 40,089 43,84
Slide 19: Estimated foreign exchange rates in the term ending March 2019
Estimated foreign exchange rates in the ＶＴ ＨＯＬＤＩＮＧＳ Term Ending March 2018 term ending March 2019 Results Briefing 20 The plan for the term ending March 2019 has been calculated based on the rates at the end of March. Exchange rate planned for the term Region Currency ending March 2019 UK Pound 148.
Slide 20: Sales and ordinary profit since public listing
ＶＴ ＨＯＬＤＩＮＧＳ Sales and ordinary profit since public listing Term Ending March 2018 Results Briefing 21 Sales (left axis) Ordinary profit (right axis) (100 Million yen) 2100 We will work continuously on M&A Record high sales 29 times those at 2021 within the scope of operating the time of listing cash
Slide 21: Dividend policy
ＶＴ ＨＯＬＤＩＮＧＳ Dividend policy Term Ending March 2018 Results Briefing 22 Forecast of an annual dividend of 20 yen for the term ending March 2019 (increase of 2 yen compared to previous term) We are planning to implement ongoing dividends aiming for a consolidated dividend payout ratio of about 40% or
Slide 22: A dealer beyond all others
A dealer beyond all others VT Holdings Co., Ltd. (hereinafter referred to as the “Company”) prepared this document as a reference for investors aimed at having investors understand the current circumstances of the Company. The information stated in this document has been prepared based on the genera
Slide 23: Reference: Company overview
ＶＴ ＨＯＬＤＩＮＧＳ Reference: Company overview Term Ending March 2018 Results Briefing 25 As of May 2018 Company name VT Holdings Co., Ltd. Head Office location Nishiki 3-chome, Naka-ku, Nagoya-shi, Aichi 460-0003 Established March 1983 (predecessor: Honda Verno Tokai) Representative Kazuho Takahashi, Pres
Slide 24: Reference: Business description and main subsidiaries
Reference: ＶＴ ＨＯＬＤＩＮＧＳ Term Ending March 2018 Business description and main subsidiaries Results Briefing 26 We have 44 consolidated subsidiaries. VT Holdings is a holding company As of March 2018 VT Holdings Automobile sales-related business Overseas Automobile dealers Honda Cars Tokai Nissan Satio
Slide 25: Reference: M&A-based growth strategy
ＶＴ ＨＯＬＤＩＮＧＳ Reference: M&A-based growth strategy Term Ending March 2018 Results Briefing 27 March 1999 Honda Motor Sales Meinan Co., Ltd. Honda dealer (5 stores) Stock acquisition Currently Honda Cars Tokai March 1999 Ford Life Chubu Co., Ltd. Ford dealer (9 stores) Stock acquisition June 1999 ORIX
Slide 26: Reference: Number of group employees
ＶＴ ＨＯＬＤＩＮＧＳ Reference: Number of group employees Term Ending March 2018 Results Briefing 28 (As of March 2018) Segment Region Company name Number of employees Number of temporary employees Total number of employees Honda Cars Tokai Co., Ltd. 330 10 340 Nagano Nissan Auto Co., Ltd. 452 17 469 Shizuok