Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — H1 FY2009 Earnings Presentation
25 slides from Autobacs Seven's earnings presentation, Nov 10, 2008
Slide 1: Analyst Meeting: Results of the first-half ended Sep 30, 2008
ANALYST MEETING Results of the first-half ended Sep 30, 2008 and outlook for the rest of the fiscal year November 10, 2008 Setsuo Wakuda Representative Director and CEO
Slide 2: Contents
Contents I. Results of the first-half ended Sep 30, 2008 ¾Environmental changes exceeded the Company’s forecast II. Financial forecasts for the fiscal year ending Mar 31, 2009 (revised) ¾Take steps based on reflections of first-half results, seizing challenging environment as business opportunity II
Slide 3: I. Results of the first-half ended Sep 30, 2008
I. Results of the first-half ended Sep 30, 2008 II. Financial forecasts for the fiscal year ending Mar 31, 2009 (revised) III. Progress of the mid-term business plan 2
Slide 4: Financial results (first-half 2008)
Financial results (first-half ended Sep 30, 2008) (billion yen) First-half ended Sep 30, 2008 First-half result of the Change from the previous Actual YoY change Original original forecast fiscal year forecast result (amount / %) (Amount / %) Net Sales 129.5 136.7 129.2 ▲ 0.3 ▲ 7.5 ▲ 0.2% ▲ 5.5% Gro
Slide 5: Business Overview (first-half 2008)
Business Overview (first-half ended Sep 30, 2008) 1. Fundamental changes in the operating environment ¾Changes beyond forecast, including the steep rise of crude oil prices, a fall in the number of cars owned and the slump in global economy 2. Changes in fast-selling automotive goods in Japan ¾Marke
Slide 6: Performance by Subsidiaries (1st-half 08)
Performance by Subsidiaries (1st-half ended Sep 30, 08) (billion yen) First-half First-half ended Sep 30, 2008 result of the YoY Change from the previous Original Actual change original forecast fiscal year forecast Result (amount) (amount) Domestic retail sales 145.2 149.0 140.8 ▲ 4.4 ▲ 8.2 includi
Slide 7: Financial Summary (first-half 2008)
Financial Summary (first-half ended Sep 30, 2008) (billion yen) Result and original forecast Major increase/decrease factor (Percentage of Net Sales) Net Sales 129.2 Previous year’s 1st-half result 129.5 ↑AUTOBACS STRAUSS sales for one month ↓takeover of four stores from franchise companies ↓poor au
Slide 8: Non-consolidated and Domestic Subsidiaries
Non-consolidated and Domestic Subsidiaries (first-half ended Sep 30, 2008) Non-consolidated (billion yen) Net Sales Wholesale: ▲0.82billion (▲0.9%) ↑tires and used car sales 98.4billion ↓car electronics and motor sports goods sales (▲0.6billion)* Retail: +0.19billion (+3.5%) ↑motorcycle goods, gasol
Slide 9: Geographical Segments (Overseas)
Geographical Segments (Overseas) (first-half ended Sep 30, 2008) U.S.A. France Asia Number of Stores 89 11 22 (at Sep 30, 2008) Taiwan：+0.7% Comparable West Coast：▲19.5% Singapore：+7.6% store sales +7.1% STRAUSS：+8.5% Thailand：+6.2% (yoy change rate) China：+29.6% Net Sales (billion yen) 8.6 4.8 2.1
Slide 10: Retail Sales including FCs (first-half 2008)
Retail Sales including FCs*(first-half ended Sep 30, 2008) Retail sales including FCs: 140.8billion yen (billion yen) (down 3.1% YoY) 150 145.2 Statutory safety inspection revenue: 5.8billion 5.1 140.8 (up 13.2% YoY) 140 No. of cars inspected：179,711cars (up 15.3% YoY) 5.8 7.4 No. of fully certified
Slide 11: Sales by Merchandise (first-half 2008)
Sales by Merchandise (first-half ended Sep 30, 2008) Same store sales growth rate In revenue: down 5.0% YoY in purchasing customers: down 4.5% YoY Sales Increases and Decreases (vs prior year, total store basis) （Millions of Yen） 4,000 longer replacement sales increased by 29.3% cycles YoY due to pr
Slide 12: II. Financial forecasts for the fiscal year ending Mar 31, 2009 (revised)
I. Results of the first-half ended Sep 30, 2008 II. Financial forecasts for the fiscal year ending Mar 31, 2009 (revised) III. Progress of the mid-term business plan 11
Slide 13: Financial Forecasts (fiscal year 2009)
Financial Forecasts (fiscal year ending Mar 31, 2009) (billion yen) Fiscal year ending March 31, 2009 Result for the fiscal year Full year 2nd-half Full Year Change from the ended March 31, 1st-half original forecast forecast original forecast 2008 Result forecast (Revised) (Revised) (Amount / %) Ne
Slide 14: Forecasts of Subsidiaries (fiscal year 09)
Forecasts of Subsidiaries (fiscal year ending Mar 31, 09) (billion yen) Fiscal year ending March 31, 2009 Result for the fiscal Change year ended 1st-half 2nd-half Full Year from the Original March 31, forecast forecast original forecast Result 2008 (Revised) (Revised) forecast (Amount) Non- Net Sal
Slide 15: Business Initiatives (2nd-half of FY 2009): Car related goods
Business Initiatives (2nd-half of FY ending Mar 31, 2009) Challenging business conditions may continue for the rest of the fiscal year, which are… I. Economic downtrend II. Fall in car sales and the number of vehicles owned III. Lack of interest in cars among younger generation To overcome this situ
Slide 16: Business Initiatives (2nd-half of FY 2009): Safety inspection and car sales
Business Initiatives (2nd-half of FY ending Mar 31, 2009) 2. Statutory safety inspection and maintenance services ⇒ focusing to improve customer service and sales promotion z To implement comprehensive sales promotion during the highest demand season (February to March) z To intensify direct mail-ou
Slide 17: [For Reference] Sample of Good Selling Items
[For Reference] Sample of Good Selling Items Child Safety Seats FM transmitters Wax for coated cars Headlight polishes Air conditioner Textile wheel covers Engine oil HID and LED bulbs filter for snow driving power booster 16
Slide 18: Store Allocation (fiscal year 2009)
Store Allocation (fiscal year ending Mar 31, 2009) Domestic Store Opening and Closing No. of Fiscal year ending March 31, 2009 No. of Store stores at stores at Type Mar 31, 1st-half (result) 2nd-half (plan) Mar 31, 2008 New AB⇒SA S/B ･R/L Close New AB⇒SA S/B ･R/L Closed 2009 AB 399 ＋2 ▲2 ＋2/▲2 ▲2 ＋1
Slide 19: III. Progress of the mid-term business plan
I. Results of the first-half ended Sep 30, 2008 II. Financial forecasts for the fiscal year ending Mar 31, 2009 (revised) III. Progress of the mid-term business plan 18
Slide 20: Outline of the Mid-term Business Plan
Outline of the Mid-term Business Plan FY March 2009 FY March 2010 FY March 2011 BIG PLAN Interim financial Financial Interim financial Financial Interim financial announcement announcement announcement announcement announcement announcement Business portfolio review final business review and corpora
Slide 21: Short-term Business Improvement Measures
Short-term Business Improvement Measures Short-term measures Short-term to improve improve profit Aims Aims 1. Improvement of store sales To underpin store sales by promoting visits and sales of existing customers through total car-life sales based on their “safety inspection cycles” and “oil replac
Slide 22: Maintaining Targets (for fiscal year 2011)
Maintaining Targets (for fiscal year ending Mar 31, 2011) ORIGINAL TARGETS Operating income of ¥16 billion Take additional measures ROE of 7% or higher, to compensate for declines DOE of around 3%* in the current fiscal year (Billion Yen) Consolidated Operating Income 20 Reinforcement of domestic FC
Slide 23: Appendix
Appendix 22
Slide 24: Performance Results of Franchisees
Performance Results of Franchisees Ordinary Income of Franchise Companies （Million Yen） 2,000 873 0 -334 -1,177 -1,204 -2,000 -2,389 Profit-making Loss-making Ordinary income (Gross) -4,000 1st-half ended 1st-half ended 1st-half ended 1st-half ended 1st-half ended Sep 30, 04 Sep 30, 05 Sep 30, 06 Se
Slide 25: Forward-Looking Statements
Forward-Looking Statements These materials include forecasts regarding the Company’s future plans, strategies, and performance. This information is based on judgments and estimates made in accordance with information currently available. Actual results may differ substantially from forecasts due to