Horiba, Ltd. · TSE:6856
Horiba — Investor Presentation (February 2024)
24 slides from Horiba's investor presentation, Feb 28, 2024
Slide 1: Mid-Long Term Management Plan - MLMAP2028
Mid-Long Term Management Plan - MLMAP2028 Dan Horiba Senior Corporate Officer, HORIBA, Ltd. February, 2024 © 2024 HORIBA, Ltd. All rights reserved.
Slide 2: Rapid changes in the global environment surrounding society
Rapid changes in the global environment surrounding society Trend toward a Increase in medical Technological sustainable issues due to innovation society Pandemic (AI, IoT) Secure emerging business opportunities in rapidly changing times © 2024 HORIBA, Ltd. All rights reserved. 2
Slide 3: Our Future
Our Future Vision Joy and Fun for All 3 Fields which HORIBA focuses toward realizing Our Future Energy & Environment Bio & Healthcare Materials & Semiconductor Mission Shape our future with solutions based on HONMAMON and Diversity Values Spirit of Challenge Reliability and Trust Pursuit of Excellen
Slide 4: Positioning of MLMAP2028
Positioning of MLMAP2028 MLMAP2023 MLMAP2028 「MAXIMIZE VALUE」 Vision （2019-2023） （2024-2028） Joy and fun HORIBARIANs for All Automotive Energy & Bio & Materials & Process & Environment Healthcare Semiconductor Environment Medical Sustainability Mission Business strategy to solve social issues in thr
Slide 5: Objective of Field Operation
Objective of Field Operation Customer Cultivate new business opportunities 3 Fields by HORIBA Energy & Bio & Materials & Environment Healthcare Semiconductor Create innovation by novel integration New combination HORIBA Core Technologies Foster core technology development Gas & Fluid Solid & Particl
Slide 6: HORIBA's growth model
HORIBA's growth model Maximize Energy & HORIBARIANs’ Environment potential Vision Customer needs × Joy and Fun Core technology 3 Fields by Innovation HORIBA for All Bio & Materials & Semiconductor Create social Healthcare impact Creating innovation and robust supply chain at global level © 2024 HORI
Slide 7: MLMAP2028 The team
MLMAP2028 The team MLMAP Leaders Field Officers Hiroshi Dan Maki George Masayuki Hideyuki Nakamura Horiba Moriguchi Gillespie Adachi Koishi Technology MLMAP Leader HR, Sustainability Energy & Bio & Materials & Environment Healthcare Semiconductor © 2024 HORIBA, Ltd. All rights reserved. 7
Slide 8: MLMAP2028 Major management goals
MLMAP2028 Major management goals Financial Goals Sales Operating Income Net Income 450B.JPY 80B.JPY 55B.JPY (2023 Result: 290.5 B.JPY) (2023 Result: 47.2 B.JPY) (2023 Result: 40.3 B.JPY) Dividend ROE > 12% Payment ratio 30% Timely and properly return to shareholders Special dividend, Stock Buyback N
Slide 9: Group HR strategy to maximize HORIBARIANs' potential
Group HR strategy to maximize HORIBARIANs’ HORIBARIANs potential Create a “Stage” together where every HORIBARIAN can maximize Vision their potential through demonstrating their abilities with Joy and Fun. Cultivate unique culture Creating value of Learn and collaborate with as our “Stage” to maximi
Slide 10: Sustainability strategy for creating social impact
Sustainability Sustainability strategy for creating social impact Contributing to the realization of a sustainable society Vision through HORIBA's unique capabilities Realization of sustainable “Measurement × Education“ society by HORIBA Sustainable products and solutions operation Inherit to next g
Slide 11: Energy & Environment
Field Energy & Environment Sales 158B.JPY OP 15.8B.JPY A Trusted Partner supporting Sales / 130B.JPY 7.5B.JPY Vision our Customers on their challenges Operating 2.1 Profit CAGR 5% times to deliver a Sustainable Environment 2024 2028 2024 2028 Energy conversion cycle for Major business domain Chemica
Slide 12: Energy & Environment
フィールド Field Energy & Environment Maximize contribution Capturing business opportunities Strengthening our system in Mobility industry in the Hydrogen market proposal capability in Carbon Recycling Total solution proposals Establishment of leveraging our consulting global engineering structure capabi
Slide 13: Bio & Healthcare
Field Bio & Healthcare Sales 57B.JPY OP 5.7B.JPY Provide strong social value by Sales / 40B.JPY Vision transforming the “Healthcare Journey” Operating 1B.JPY 5.7 Profit CAGR 9% times with unique solutions 2024 2028 2024 2028 Major business domain Healthcare Journey Contributing to transforming the H
Slide 14: Bio & Healthcare
Field Bio & Healthcare Developing new solutions Promoting new solutions to Proposing process monitoring by integrating HORIBA's solution for Bio-pharma market from capabilities in emerging solve issues in IVD testing the expertise of our automotive niche markets along the field by unique POCT Health
Slide 15: Materials & Semiconductor
Field Materials & Semiconductor Shape the market with innovative solutions Sales 235B.JPY OP 58.5B.JPY in the advanced materials and Sales / Operating 151B.JPY 43.5B.JPY Vision semiconductor field toward achieving Profit 1.3 CAGR 12% times sustainable society 2024 2028 2024 2028 Major business domai
Slide 16: Materials & Semiconductor
Field Materials & Semiconductor Contributing to process of material Contributing to cutting edge Developing all-round solution by development and production process in Semiconductor thin film measurement technology such as semiconductor process Providing solution through Providing solutions with hig
Slide 17: New business in MLMAP2028
New business in MLMAP2028 Sales of New business in 2028 60B.JPY Business for 450B.JPY Energy & Environment new energy (i.e. Hydrogen) 31B.JPY 321B.JPY 60B.JPY New business 25B.JPY 207 B.JPY Bio & Healthcare Business for Life Science 14B.JPY 179 B.JPY 183 Semiconductor New business for 117 B.JPY Proc
Slide 18: Cultivating HONMAMON technology by connecting technology and talents
Cultivating HONMAMON technology by connecting technology and talents organically Product development Business transformation Pursuit of HONMAMON closely to the customer from product sales to technology solution business Customer demand × Core technology Pursuit of applications, Develop businesses ac
Slide 19: Strengthening business foundation to support global operation
Strengthening business foundation to support global operation Establish unique service model with high-quality services and analytical 650 Approx. Distributors Service solutions • Continuous investment in HR • Provide solutions for facility optimization Approx. 5,400 Oversea HORIBARIANs Stably provi
Slide 20: Cash allocation during MLMAP2028
Cash allocation during MLMAP2028 Growth strategy, Generation R&D Investment 130B.JPY of Operating CF 2024 - 2028 （87.5B.JPY） Investment for future growth Approx.7％ vs Sales Operating CF before Growth Investment Timely and properly return to R&D investment Facility, Strategic Investment shareholders
Slide 21: Realizing the Growth Potential Ahead 500B.JPY sales
Realizing the Growth Potential Ahead 500B.JPY sales (1.5 times vs 2023) （B.JPY） Sales Operating Net Income Attributable to owners CAGR* 450.0 Income of parent 2023 2028 80.0 9.1% MLMAP2028 321.0 Exchange Rate 290.5 55.0 270.1 52.0 1 USD = 140 JPY 47.2 224.3 45.8 1 EUR = 155 JPY 210.5 200.2 187.0 32.
Slide 22: MLMAP2028 The Symbol
MLMAP2028 The Symbol A butterfly transforms from humble beginnings to a beautiful creature dancing on the wind and spreading new life to each flower it touches. Each tiny flap of its wings may result in massive impact elsewhere. HORIBA’s cutting edge analytical and measurement solutions maximize the
Slide 23: © 2024 HORIBA, Ltd. All rights reserved.
© 2024 HORIBA, Ltd. All rights reserved.
Slide 24: This document is our proprietary material and is protected by copyright law. Please do
This document is our proprietary material and is protected by copyright law. Please do not use, reproduce, transmit, or disclose (including orally) all or part of this document without our prior approval. Thank you. © 2024 HORIBA, Ltd. All rights reserved.