Acom Co., Ltd. · TSE:8572

Acom — H1 FY2009/3 Earnings Presentation

29 slides from Acom's earnings presentation, Nov 7, 2008

  1. Slide 1: Acom IR presentation, November 2008

    http://www.acom.co.jp/ir/ 2008 11 7

  2. Slide 2: Contents

    No. 1. 4 2. 2009 3 2 25 8 3. 13 1. IR 17 20 2. 18 20 2

  3. Slide 3: Key points including MUFG

    (1) (2) MUFG (3) 2009 3 2 (4) (5) (6)

  4. Slide 4: 9

    9 9 9 9 9 9 9 9 9 9 9 9 9 9 4

  5. Slide 5: MUFG

    MUFG MUFG MUFG MUFG MUFG 5

  6. Slide 6: MUFG relationship

    MUFG 2004 2004 33 MUFG MUFG 15 15 MUFG MUFG 2008 2008 99 88 MUFG MUFG 40.04 40.04 MUFG MUFG 9 2008 10 21 TOB MUFG 3,814 MUFG MUFG 9 6

  7. Slide 7: MUFG and UFJ cooperation

    MUFG MUFG MUFG DC DC UFJ UFJ 4,000 4,000 4,500 4,500 UFJ UFJ 7

  8. Slide 8: Financial results summary

    2009 3 2 % % 168,501 -14.3 136,566 -18.0 144,222 -16.8 124,390 -19.4 2,467 -12.9 2,226 -15.2 2,608 -37.9 - - 5,715 10.6 5,857 3.8 8,382 7.0 - - 2,161 -0.6 - - 2,942 151.2 4,093 8.8 137,430 -6.7 108,552 -9.0 10,795 2.0 7,385 -10.0 39,212 -41.0 33,225 -45.0 19,590 - 19,590 - - - 45,691 -1.1 31,070 -37

  9. Slide 9: Operating highlights

    2008/9 2009/3 % (%) 1,241,808 -165,137 -11.7 1,165,800 -11.6 DC 79,787 -3,205 -3.9 80,000 -1.4 ¥ 65,720 314 0.5 68,900 -7.8 EASY BUY 20,732 3,918 23.3 22,739 16.5 2,246,130 -277,628 -11.0 2,103,400 -11.4 DC 178,524 -4,197 -2.3 182,430 1.3 EASY BUY 677,174 64,858 10.6 839,000 31.4 90,343 978 1.1 180,

  10. Slide 10: Loan business results

    2008/9 2009/3 % % 135,467 22,149 19.5 147,400 22.2 109,976 12,120 12.4 114,500 13.8 DC 25,490 10,029 64.9 32,900 64.5 9 9 UFJ UFJ 15 15 DC 9 9 UFJ UFJ 10

  11. Slide 11: Other business results

    2008/9 2009/3 % % 8,382 549 7.0 17,200 1.0 7,998 398 5.3 - - 25,561 -1,739 -6.4 21,000 -31.5 246,065 -22,930 -8.5 - - 11

  12. Slide 12: EASY BUY results

    2008/9 2009/3 % % 35,239 -6,471 -15.5 31,000 -18.7 34,932 -6,241 -15.2 30,800 -18.3 306 -228 -42.7 200 -54.9 703,775 -317,393 -31.1 576,000 -33.9 700,083 -315,611 -31.1 573,500 -33.8 3,691 -1,783 -32.6 2,500 -48.1 37,164 -14,981 -28.7 39,900 -6.8 31,933 -5,101 -13.8 34,300 5.0 ¥ 5,231 -9,880 -65.4 5

  13. Slide 13: Full-year forecast FY2009/3

    2009 3 % % 325,000 2,500 327,500 -13.7 258,300 2,800 261,100 -17.7 270,400 4,500 274,900 -7.8 208,700 4,200 212,900 -10.2 24,800 -1,200 23,600 13.0 17,100 -1,300 15,800 -0.9 104,300 -17,000 87,300 -24.6 89,200 -15,200 74,000 -26.6 - 19,600 19,600 -0.1 - 19,600 19,600 -0.1 54,600 -2,000 52,600 -35.6

  14. Slide 14: EPS and dividends

    ✓ ✓ 2009/3 2005/3 2006/3 2007/3 2008/3 EPS 516.24 416.69 -2,786.19 225.24 300.27 41.6% 44.0% 22.2% 24.9% - EPS 525.54 407.52 -2,795.68 213.23 266.55 100 140 100 100 100 45 70 70 50 50 55 70 30 50 50 44.2% 47.1% 23.8% 27.9% 31.9% 14

  15. Slide 15: 15

    15

  16. Slide 16: Supplementary data, IR

    (1) (2) IR

  17. Slide 17: Income statement

    % 2008/9 2009/3 2008/3 317,116 136,566 -18.0 258,300 261,100 -17.7 2,800 236,956 108,552 -9.0 208,700 212,900 -10.2 4,200 15,944 7,385 -10.0 17,100 15,800 -0.9 -1,300 100,760 33,225 -45.0 89,200 74,000 -26.6 -15,200 19,620 19,590 - - 19,600 -0.1 19,600 92,369 45,691 -1.1 94,400 95,500 3.4 1,100 80,1

  18. Slide 18: Operating revenue and receivables

    % 2008/9 2009/3 % 136,566 -29,961 -18.0 258,300 261,100 -17.7 2,800 124,390 -29,933 -19.4 235,800 237,800 -18.8 2,000 19.56% - -1.98 p.p. 19.09 19.32 -1.73 p.p. 0.23 p.p. 1,204,214 -158,226 -11.6 1,179,700 1,131,900 -11.4 -47,800 9 9 9 9 18

  19. Slide 19: Expenses breakdown

    % 2008/9 2009/3 % 108,552 -10,733 -9.0 208,700 212,900 -10.2 4,200 7,385 -821 -10.0 17,100 15,800 -0.9 -1,300 33,225 -27,140 -45.0 89,200 74,000 -26.6 -15,200 19,590 19,590 - - 19,600 -0.1 19,600 2,658 -1,626 -38.0 8,000 8,000 4.5 - 12,160 750 6.6 24,500 24,400 5.8 -100 4,366 -1,259 -22.4 8,500 8,70

  20. Slide 20: Profit breakdown

    % 2008/9 2009/3 % 28,014 -19,227 -40.7 49,600 48,200 -39.9 -1,400 29,345 -19,445 -39.9 52,000 51,300 -37.7 -700 657 -2,838 -81.2 - 600 -84.9 600 506 -16,946 -97.1 700 900 -96.7 200 - -9,060 - - - - - 8,368 8,516 - 9,400 9,000 -43.3 -400 21,061 -4,796 -18.5 41,800 41,900 25.0 100 9 9 9 9 9 9 20

  21. Slide 21: Balance sheet and cash flow

    2009/3 2009/3 2008/3 1Q 2Q 19,620 - 19,590 19,590 - 19,600 75,981 19,971 22,749 42,720 - - 77,938 19,702 22,121 41,824 - - 58,838 14,792 16,378 31,170 - - -115,200 -34,764 -19,536 -54,300 -121,800 -118,900 374,800 340,035 320,500 253,000 255,900 2009/3 2007/9 2007/12 2008/3 2008/6 2008/9 60,365 80,0

  22. Slide 22: Loan balance trend

    1,600,000 4,000,000 1,446,117 1,398,806 1,362,440 3,500,000 1,313,956 1,277,879 1,240,604 1,204,214 1,200,000 1,131,900 3,000,000 2,670,606 2,512,946 2,364,664 2,500,000 2,583,054 2,236,674 2,434,952 2,300,425 800,000 2,000,000 2,094,700 1,500,000 400,000 1,000,000 500,000 0 0 '07/3 '07/6 '07/9 '07/

  23. Slide 23: Monthly application and approval trend

    45,000 60.0% 40,000 50.0% 35,000 42.0% 41.4% 40.4% 30,000 39.4% 37.9% 40.0% 40.4% 40.5% 41.2% 41.1% 39.6% 37.5% 25,000 33.1% 32.8% 30.0% 20,000 17,467 16,925 17,131 16,932 16,684 15,306 15,466 14,604 13,990 14,218 15,000 12,606 20.0% 12,512 10,463 10,000 10.0% 5,000 0 0.0% '07/9 '07/10 '07/11 '07/12

  24. Slide 24: Loan balance by interest rate

    % 2008/3 2008/9 2009/3 1,277,879 100.0 1,204,214 100.0 1,131,900 100.0 18.000% 786,517 61.6 652,221 54.2 552,000 48.8 18.000% 491,361 38.4 551,991 45.8 579,900 51.2 15.000% 18.000% 208,603 16.3 244,408 20.3 278,000 24.5 12.000% 15.000% 226,250 17.7 250,313 20.8 253,100 22.4 12.000% 56,508 4.4 57,270

  25. Slide 25: Customer accounts and bad debt trend

    -15,452, -11.7% ( ) 150,000 -8,139, -6.5% ( ) 12.0% 141,307 138,128 132,080 126,421 124,767 122,824 11.0% 120,000 116,628 109,573 10.0% 9.54% 9.58% 90,000 9.44% 9.37% 9.44% 9.37% 9.30% 9.0% 60,000 8.0% 30,000 7.0% 6.85% 0 6.0% '06/3 '07/3 '07/6 '07/9 '07/12 '08/3 '08/6 '08/9 25

  26. Slide 26: Bad debt data

    4,500 1,800 1,802 1,726 1,670 1,559 1,552 1,525 4,000 1,500 3,767 1,494 3,911 3,500 1,200 3,000 900 2,801 2,740 2,956 2,695 2,774 600 2,500 300 277 242 2,000 142 141 137 134 117 0 1,500 '06/3 '06/9 '07/3 '07/9 '08/3 '08/9 '09/3 26

  27. Slide 27: Funding and borrowings

    2008/3 2008/9 2009/3 (%) 774,407 100.0 -114,180 715,117 100.0 -105,469 742,400 100.0 -4.1 514,407 66.4 -66,220 480,117 67.1 -56,489 507,400 68.3 -1.4 260,000 33.6 -47,960 235,000 32.9 -48,980 235,000 31.7 -9.6 717,872 92.7 -44,688 633,836 88.6 -134,077 674,100 90.8 -6.1 1.64 1.76 1.90 2.30 2.31 - 1

  28. Slide 28: Forecast data

    2009 3 2.60 2.60 1.90 1.90 19.07 19.07 19.32 19.32 15,800 15,800 74,000 74,000 19,600 19,600 95,500 95,500 28

  29. Slide 29: IR contact

    IR [email protected] http://www.acom.co.jp/ir/ 29

Acom — H1 FY2009/3 Earnings Presentation on 6ix