Yamato Holdings Co., Ltd. · TSE:9064
Yamato — Q3 FY2023 Earnings Presentation
27 slides from Yamato's earnings presentation, Feb 6, 2023
Slide 1: Yamato Group IR Presentation Material
Yamato Group IR Presentation Material ＜3rd Quarter of Fiscal year ending March 2023＞ February 6, 2023 Yamato Holdings Co., Ltd. Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 2: Summary of consolidated earnings (3rd Quarter October - December)
1．Summary of consolidated earnings (3rd Quarter October - December) 【3rd Quarter (Oct-Dec) earnings】 Operating revenue: 512.2 bn yen (+11.9bn yen YoY*)→1.3959 trillion yen for the first 3 Quarters (+46.5 bn yen YoY*) Operating profit: 48.3 bn yen (+1.4 bn yen YoY*) →66.4 bn yen for the first 3 Quart
Slide 3: Consolidated earnings forecast (Key metrics)
2．Consolidated earnings forecast（Key metrics） ・ Made adjustments based on the significant change in the environment surrounding our management, including 3Q earnings, the current tough business environment as well as sluggish demand trends ※Excluding the impact of removing Yamato Home Convenience Co
Slide 4: Pricing Strategy (Revision of reported fares etc.)
3．Pricing Strategy (Revision of reported fares etc.) • Promote sustainable initiatives towards pricing optimization, by reflecting in a timely and suitable manner the effect from changes in the external environment surrounding the Yamato Group and our transportation & delivery partners • Reported fa
Slide 5: Overview of the Medium-term Management Plan One YAMATO 23 Structural Reforms
4．Overview of the Medium-term Management Plan “One YAMATO 2023” Structural Reforms (From 1Q Financial Results Meeting) • Established the “One YAMATO” structure, bringing together the Group’s management resources（FY2021~) →Reviewing the construct of the Group’s management (structure & organization),
Slide 6: Value Provision to Corporate Clients
5．Value Provision to Corporate Clients ・ Accounts: Made steady progress in providing value to clients’ entire supply chain ・ Area Customers: Promoted value provision through collaboration between Sales Drivers and regional offices / headquarters → Although demand was weaker than the conservative for
Slide 7: Structural reforms of network operations (Challenges and Initiatives)
6．Structural reforms of network operations（Challenges and Initiatives） 【Changes in demand】 ・Volume growth from large corporate clients ・Spread of EC, and changes in customer needs and distribution structure 【Challenges】 ・Handling of parcels with different timeframes and operations (resolving mismatc
Slide 8: Structural reforms of network operations (Promotion process)
7．Structural reforms of network operations（Promotion process） Next Mid-term Current Mid-term Management Plan (April 2021～March 2024) Management Plan Establish and deploy EC logistics network（lower cost level） • Formation of EAZY CREW ：1Q of FY March 2021～ （Completed） Establish and • Set up EC Sortin
Slide 9: Structural reforms of network operations (Status of progress ①)
8．Structural reforms of network operations (Status of progress ①) Making steady progress in establishment of EC logistics network that addresses growing demand, and consolidating & enlarging facilities in the existing network Deployment of EC Delivery Centers（total of 14 facilities） ・ 7 additional
Slide 10: Structural reform of network operations (Status of progress ②)
9．Structural reform of network operations (Status of progress ②) ・EC logistics network: Capture growing EC parcel demand using EC logistics network (cost flexibility depending on workload） ・Existing (TA-Q-BIN) network: Thoroughly optimize internal resource allocation based on forecasted workload and
Slide 11: Overview of Consolidated Results for the 3rd Quarter of Fiscal Year Ending March 2023
Overview of Consolidated Results for the 3rd Quarter of Fiscal Year Ending March 2023 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 12: Operating Results (3rd Quarter Cumulative)
10．Operating Results (3rd Quarter Cumulative) Fiscal Year ended Fiscal Year ending March 31, 2022 March 31, 2023 YoY Change YoY Change(*1) (Billions of Yen) 3rd Quarter 3rd Quarter (Cumulative) (Cumulative) Amount [%] Amount [%] Actual Actual Operating revenue 1,372.3 1,395.9 +23.5 +1.7 +46.5 +3.5 O
Slide 13: Operating Results (3rd Quarter October - December)
11．Operating Results (3rd Quarter October - December) Fiscal Year ended Fiscal Year ending March 31, 2022 March 31, 2023 YoY Change YoY Change(*1) (Billions of Yen) 3rd Quarter 3rd Quarter Actual Actual Amount [%] Amount [%] Operating revenue 506.9 512.2 +5.2 +1.0 +11.9 +2.4 Operating profit 47.4 48
Slide 14: Summary of Consolidated Operating Revenue (3rd Quarter Cumulative)
12． Summary of Consolidated Operating Revenue (3rd Quarter Cumulative) Fiscal Year ended Fiscal Year ending March 31, 2022 March 31, 2023 (Millions of Yen) 3rd Quarter 3rd Quarter YoY Change YoY Change (*1) (Cumulative) (Cumulative) Actual Actual Amount [%] Amount [%] Retail Business Unit 687,910 69
Slide 15: YoY Analysis of Consolidated Operating Revenue (3rd Quarter Cumulative)
13．YoY Analysis of Consolidated Operating Revenue (3rd Quarter Cumulative) *Excluding the impact of removing Yamato Home Convenience Co., Ltd. Retail Business Unit Corporate Business Unit from scope of consolidation Transportation income Transportation income ＋9.9 +39.5 Logistical support income ＋23
Slide 16: Quarterly Trends of Parcel Delivery (TA-Q-BIN, TA-Q-BIN Compact, EAZY)
14．Quarterly Trends of Parcel Delivery (TA-Q-BIN, TA-Q-BIN Compact, EAZY) (3rd Quarter October - December) FY2021/3 FY2022/3 FY2023/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Delivery Volume (Thousands) 428,032 444,213 521,607 409,822 444,328 470,100 540,567 435,687 449,504 490,766 552,115 YoY(%) +13.4 +6.2
Slide 17: Summary of Consolidated Operating Expenses (3rd Quarter Cumulative)
15．Summary of Consolidated Operating Expenses (3rd Quarter Cumulative) Fiscal Year ended Fiscal Year ending March 31, 2022 March 31, 2023 YoY Change YoY Change (*2) (Millions of Yen) 3rd Quarter 3rd Quarter (Cumulative) (Cumulative) Amount [%] Amount [%] Actual (*1) Actual Operating revenue 1,372,38
Slide 18: YoY Analysis of Consolidated Operating Expenses (3rd Quarter Cumulative)
16．YoY Analysis of Consolidated Operating Expenses (3rd Quarter Cumulative) (Billions of yen) * Excluding the impact of removing Yamato Home Convenience Co., Ltd. from scope of consolidation Subcontracting Revenue Personnel Vehicle 80.0 increase Expenses ＋31.6 Expenses Expenses Other operating Elimi
Slide 19: Summary of Consolidated Operating Expenses (3rd Quarter October - December)
17．Summary of Consolidated Operating Expenses (3rd Quarter October - December) Fiscal Year ended Fiscal Year ending March 31, 2022 March 31, 2023 YoY Change YoY Change (*2) (Millions of Yen) 3rd Quarter 3rd Quarter Actual (*1) Actual Amount [%] Amount [%] Operating revenue 506,916 512,212 ＋5,295 ＋1.
Slide 20: YoY Analysis of Consolidated Operating Expenses (3rd Quarter October - December)
18．YoY Analysis of Consolidated Operating Expenses (3rd Quarter October - December) (Billions of yen) * Excluding the impact of removing Yamato Home Convenience Co., Ltd. from scope of consolidation Subcontracting Personnel Expenses Vehicle Revenue Expenses Other Eliminations 46.8 increase ＋5.4 ＋2.1
Slide 21: Consolidated Operating Results Forecast for the Fiscal Year Ending March 2023
19． Consolidated Operating Results Forecast for the Fiscal Year Ending March 2023 Fiscal Year ending Fiscal Year ending Fiscal Year ended March 31, 2023 March 31, 2023 (Millions of Yen) March 31, 2022 Forecast Change YoY Change YoY Change (*1) November 2022 New Actual Amount [%] Amount [%] Amount [%
Slide 22: Consolidated Operating Results Forecast (Breakdown of Operating Expenses and others)
20．Consolidated Operating Results Forecast for the Fiscal Year Ending March 2023 (Breakdown of Operating Expenses and others) Fiscal Year ending Fiscal Year ending Fiscal Year ended March 31, 2023 March 31, 2023 (Millions of Yen) March 31, 2022 Forecast Change YoY Change YoY Change (*2) November 202
Slide 23: Capital expenditure (progress and outlook)
21．Capital expenditure (progress and outlook) ・ Utilize multi-tenant facilities for TA-Q-BIN Sales offices and consolidated & enlarged Terminals （lease contracts） ・ For material handling (sorting equipment) in Terminals, introduce simple unit-type equipment → Less investment needed compared to initi
Slide 24: Operating Results Forecast for the Fiscal Year Ending March 31, 2023 (4th Quarter)
Reference Operating Results Forecast for the Fiscal Year Ending March 31, 2023 (4th Quarter January - March) Fiscal Year ended Fiscal Year ended March 31, 2022 March 31, 2023 YoY Change YoY Change (*2) (Millions of Yen) 4th Quarter 4th Quarter Actual (*1) Forecast Amount [%] Amount [%] Operating rev
Slide 25: Signed Lead Logistics Partner Contract with Adastria
Reference Signed “Lead Logistics Partner” Contract with Adastria Yamato Transport signed logistics partnership contract, to make Adastria’s supply chain more sustainable →By reviewing the logistics and inventory operations in Adastria’s supply chain both in Japan and overseas, from the sourcing of r
Slide 26: Providing supply chain solutions to the food industry
Reference Providing supply chain solutions to the food industry Established DtoC distribution scheme of frozen foods sold on the ZEN-NOH Foods Online Store ～ Made it possible to sell popular products in assortments, together with shorter shipment lead-times → Established DtoC distribution scheme usi
Slide 27: Disclaimer
Disclaimer 免責事項 This material is intended for informational purposes only and is not a solicitation or offer to buy or sell securities or related financial この内容は、投資判断の参考となる情報の提供を目的としたもので、投資勧誘を目的としたものではありません。提供情報の内容については instruments. Ultimately it is the responsibility of investors to select and buy