Ulvac, Inc. · TSE:6728
Ulvac — Q1 FY2024/6 Earnings Presentation
14 slides from Ulvac's earnings presentation, Nov 7, 2023
Slide 1: The First Quarter of FY2024/6 Business Results
ULVAC, Inc. The First Quarter of FY2024/6 Business Results (Jul. 2023 – Sept. 2023) Nov. 7, 2023 Copyright© 2023, ULVAC, Inc. All rights reserved 1
Slide 2: Disclaimer regarding forward-looking statements
Disclaimer regarding forward-looking statements Forward-looking statements of the company in this presentation are based on information that was available at the time these documents were prepared. There are several factors that directly or indirectly impact the company performance, such as the glob
Slide 3: Summary
Summary 1. Orders received: Significant increase YoY (+17%) due to battery-related business, increase in power devices, etc. Semiconductor: Decreased in Q1 due to restrained investment in memory and advanced logic. Investment expected to recover from H2. Electronics: SiC Power Device investment
Slide 4: Business Results for Q1 of FY24/6
1 Business Results for Q1 of FY24/6 Orders Received: Significant increase YoY due to battery-related business investment, increase in power devices investment, etc. Net sales: Although on same level YoY, order backlog exceeded ¥160 billion, and sales are expected to increase from Q2 onward Ope
Slide 5: Orders Received Increased YoY/ Sales Expected to Increase from Q2
2 Orders Received Increased YoY/ Sales Expected to Increase from Q2 Orders Received: Significant increase YoY due to battery-related business investment, increase in power devices investment, etc. Net sales: Although on same level YoY, order backlog exceeded ¥160 billion, and sales are expected
Slide 6: Profit margins
3 Profit margins Gross profit margin declined due to sales decrease QoQ. Operating profit also declined due to lower gross profit margin and higher SG&A expenses. Profit margin is expected to improve from Q2 onward mainly due to sales increase. Gross Profit Margin (Unit: ¥1 billion,%) Operatin
Slide 7: Market Environment and Growth Drivers
4 Market Environment and Growth Drivers Segment Market Environment and Growth Drivers Memory: Investment reluctance continues; HBM-related investments contribute Semiconductors DRAM investment is expected to recover from H2. Logic: Investment in advanced logic is expected to recover from H2. Power D
Slide 8: Increased Battery-related investment
5 Increased Battery-related investment Major investment to replace conventional metal foil with double-sided evaporated film to realize smaller, higher capacity and safer EV batteries Differentiation by high productivity with one time deposition on both sides EV Battery Challenges ULVAC's Streng
Slide 9: Quarterly Consolidated Financial Results (Actual)
6 Quarterly Consolidated Financial Results (Actual) FY2023/6 FY2024/6 YoY (Unit: ¥1 billion) Q1 Q2 Q3 Q4 Q1 Amount Percentage Orders Received 66.6 62.5 43.4 74.7 78.0 +11.4 +17% Net Sales 56.2 55.2 49.6 66.6 55.0 -1.1 -2% Gross Profit 16.5 16.8 14.7 19.1 15.3 -1.2 -7% Gross Profit Margin 29.3% 30.5%
Slide 10: Orders and Sales by Segment (Quarterly Actual)
7 Orders and Sales by Segment (Quarterly Actual) Orders Received (Unit: ¥1 billion) Net Sales (Unit: ¥1 billion) Semiconductors & Electronics Semiconductors & Electronics Device Production Equipment Component Materials Device Production Equipment Component Materials FPD Production Equipment Industri
Slide 11: Consolidated Balance Sheet
8 Consolidated Balance Sheet Assets (Unit: ¥1 billion) Liabilities and Net Assets (Unit: ¥1 billion) Cash and deposits Notes and accounts payable,trade Notes and accounts receivable,trade Interest-bearing debt Inventories Other current liabilities Other current assets Other non-current liabilities P
Slide 12: ULVAC's Value Creation "Here & There, Near your side"
ULVAC's Value Creation "Here & There, Near your side": 9 Expanding Investment Opportunities in the Mid- to Long-Term AI Artificial Intelligence (AI) Wind Power SED Semiconductor AEED Wind power Electronic Device IED Power Devices SED Component High-performance Component AEED Material battery for ele
Slide 13: Solving Social Issues
10 Supporting the realization of a smart and digital society and green energy through technological innovation Solving Social Issues Smart and Digital Society Green Energy Conversion Realization Low Power Consumption Sensor・ Memory Logic IC Electronic Devices Power Device Battery Miniaturization/ Hi
Slide 14: ULVAC Vacuum Technology Contributes to Many Industries and Applications
ULVAC Vacuum Technology Contributes to Many Industries and Applications Copyright© 2023, ULVAC, Inc. All rights reserved 14