Acom Co., Ltd. · TSE:8572
Acom — Q2 FY2009 Earnings Presentation
29 slides from Acom's earnings presentation, Nov 7, 2008
Slide 1: Earnings Release Conference: 2nd Quarter FY Ending March 2009
Earnings Release Conference The 2nd Quarter for the Fiscal Year Ending March 2009 ACOM CO., LTD. http://www.acom.co.jp/ir/english November 7, 2008
Slide 2: Conference Schedule
Conference Schedule Approx. Page Title Presenter Duration No. 1. Environment 4- Shigeyoshi Kinoshita 2. Financial Results Summary 25min. 8- President & CEO 3. Outlook and Policy for the FY 2009 13- 1. Financial Results Summary (Non-consolidated) Takashi Kiribuchi 17- Chief IR Officer & Chief 20min.
Slide 3: Financial Results Highlights
Financial Results Highlights The 2nd Quarter for the Fiscal Year Ending March 2009 (1) Business Environment (2) Business and Capital Alliance with MUFG (3) Financial Results Summary (4) Business Results Summary by Segment (5) Outlook for the Fiscal Year March 2009 (6) Basic Policy on Profit Distribu
Slide 4: Drastic Changing Environment
Drastic Changing Environment ◆Understanding on Current Environment Macro and Industrial Environment 9 9The The worsening worsening financial financial crisis crisis stemming stemming from from subprime subprime mortgage mortgage crisis crisis in in the the United United States States 9 9Sharp Sharp
Slide 5: Further Strengthening Business and Capital Alliance with MUFG - 1
Further Strengthening Business and Capital Alliance with MUFG - 1 ◆Agreement, Signification, and Purpose of Strengthening Alliance ACOM: ACOM: Aim Aim at at the the structure structure of of consumer consumer loan loan business business with with overwhelming overwhelming Agreement competitiveness c
Slide 6: Further Strengthening Business and Capital Alliance with MUFG - 2
Further Strengthening Business and Capital Alliance with MUFG - 2 ◆Strengthening of Capital Alliance Based Based on on basic basic agreement agreement on on March March 2004, 2004, MUFG MUFG Group Group retained retained 15% 15% of of outstanding outstanding share share in in ACOM ACOM and and ACOM
Slide 7: Further Strengthening Business and Capital Alliance with MUFG - 3
Further Strengthening Business and Capital Alliance with MUFG - 3 ◆Strengthening of Business Alliance ACOM ACOM Group Group (Domestic) (Domestic) MUFG MUFG Group Group ACOM ACOM DC DC Cash Cash One One Mitsubishi Mitsubishi UFJ UFJ NICOS NICOS Loan Loan Business Business Loan Loan Business Business
Slide 8: Financial Results Summary
Financial Results Summary (Millions of yen, %) Consolidated Non-consolidated The 2nd Quarter for the FY Ending March 2009 Results Results (Cumulative) yoy(%) yoy(%) Operating Revenue 168,501 -14.3 136,566 -18.0 Loan Business 144,222 -16.8 124,390 -19.4 Credit Card Business 2,467 -12.9 2,226 -15.2 In
Slide 9: Loan Business
Loan Business ◆Receivables Outstanding, No. of Customer Accounts, and No. of New Loan Customers (Millions of yen / baht, %) 2008/9 2009/3 (Estimate) yoy % yoy (%) Receivables Outstanding ACOM 1,241,808 -165,137 -11.7 1,165,800 -11.6 DC Cash One 79,787 -3,205 -3.9 80,000 -1.4 Yen 65,720 314 0.5 68,90
Slide 10: Guarantee Business
Guarantee Business (Millions of yen, %) 2008/9 2009/3 (Estimate) yoy (%) yoy (%) Guaranteed Receivables 135,467 22,149 19.5 147,400 22.2 ACOM 109,976 12,120 12.4 114,500 13.8 DC Cash One 25,490 10,029 64.9 32,900 64.5 ACOM Affiliated 9 9 Hokkaido Hokkaido Bank, Bank, Hiroshima Hiroshima Bank, Bank,
Slide 11: Loan Servicing Business
Loan Servicing Business (Millions of yen, %) 2008/9 2009/3 (Estimate) IR Loan Servicing yoy (%) yoy (%) Operating Revenue 8,382 549 7.0 17,200 1.0 Collection of Purchased 7,998 398 5.3 - - Receivables Receivables Outstanding 25,561 -1,739 -6.4 21,000 -31.5 Number of Customer 246,065 -22,930 -8.5 - -
Slide 12: Credit Card and Installment Sales Finance Businesses
Credit Card and Installment Sales Finance Businesses (Millions of yen / baht, %) 2008/9 2009/3 (Estimate) yoy % yoy (%) Credit Card Business Receivables Outstanding 35,239 -6,471 -15.5 31,000 -18.7 ACOM 34,932 -6,241 -15.2 30,800 -18.3 AFRESH CREDIT 306 -228 -42.7 200 -54.9 Number of Customer Accoun
Slide 13: Outlook for the Fiscal Year Ending March 2009
Outlook for the Fiscal Year Ending March 2009 (Millions of yen, %) Consolidated Non-consolidated Fiscal Year Ending March Previous Revised Forecast Previous Revised Forecast 2009 Difference Difference Forecast Forecast yoy (%) yoy (%) Operating Revenue 325,000 2,500 327,500 -13.7 258,300 2,800 261,1
Slide 14: Basic Policy on Profit Distribution and Dividend
Basic Policy on Profit Distribution and Dividend for the Fiscal Year March 2009 ◆Basic policy on profit distribution Goal of return to shareholders 9Based 9Based on on the the targeted targeted shareholders’ shareholders’ equity equity ratio, ratio, aims aims at at maintaining maintaining no no less
Slide 15: ACOM will become brand new ACOM
ACOM will become brand new ACOM ACOM will become a corporate group which will pay further attention to sociality such as consumer protection. Through provision of financial service which is less expensive, yet provide relief and confidence, ACOM will attempt to make significant contribution to healt
Slide 16: Financial Results Highlights
Financial Results Highlights The 2nd Quarter for the Fiscal Year Ending March 2009 (1) Financial Results Summary (ACOM) (2) Analysis on Major Figures (ACOM) Takashi Kiribuchi Chief IR Officer and Chief General Manager of Public Relations Department
Slide 17: Financial Results Summary (ACOM)
Financial Results Summary (ACOM) (Millions of yen, %) 2008/9 Previous 2009/3 (Estimate) 2008/3 Difference yoy (%) Forecast yoy (%) Operating Revenue 317,116 136,566 -18.0 258,300 261,100 -17.7 2,800 Operating Expenses 236,956 108,552 -9.0 208,700 212,900 -10.2 4,200 Financial Expenses 15,944 7,385 -
Slide 18: Analysis for Operating Revenue Downward (ACOM)
Analysis for Operating Revenue Downward (ACOM) (Millions of yen, %) 2008/9 Previous 2009/3 (Estimate) Difference Results yoy % Forecast yoy (%) Operating Revenue 136,566 -29,961 -18.0 258,300 261,100 -17.7 2,800 Interest on 124,390 -29,933 -19.4 235,800 237,800 -18.8 2,000 Operating Loans Average Lo
Slide 19: Analysis for Operating Expenses Downward (ACOM)
Analysis for Operating Expenses Downward (ACOM) (Millions of yen, %) 2008/9 Previous 2009/3 (Estimate) Difference Results yoy % Forecast yoy (%) Operating Expenses 108,552 -10,733 -9.0 208,700 212,900 -10.2 4,200 Financial Expenses 7,385 -821 -10.0 17,100 15,800 -0.9 -1,300 Provision of Allowance fo
Slide 20: Analysis for Net Income Downward (ACOM)
Analysis for Net Income Downward (ACOM) (Millions of yen, %) 2008/9 Previous 2009/3 (Estimate) Difference Results yoy % Forecast yoy (%) Operating Income 28,014 -19,227 -40.7 49,600 48,200 -39.9 -1,400 Ordinary Income 29,345 -19,445 -39.9 52,000 51,300 -37.7 -700 Extraordinary Income 657 -2,838 -81.
Slide 21: Provision for Loss on Interest Repayment and Allowance for Doubtful Accounts
Provision for Loss on Interest Repayment and Provision of Allowance for Doubtful Accounts (ACOM) ◆Provision for Loss on Interest Repayment (Millions of yen) 2009/3 Previous 2009/3 2008/3 1Q 2Q Cumulative Forecast (Estimate) Provision for Loss on Interest Repayment 19,620 - 19,590 19,590 - 19,600 Int
Slide 22: Receivables Outstanding and No. of Customers (ACOM)
Receivables Outstanding and No. of Customers (ACOM) ◆Unsecured Loan for Consumers (Millions of yen) 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 3,000,000 1,131,900 2,670,606 2,512,946 2,364,664 2,500,000 2,583,054 2,236,674 2,434,952
Slide 23: Transitions of Lending Ratio, Applications and New Loan Customers
Transitions of Lending Ratio, No. of Application and New Loan Customers (ACOM) ◆Unsecured Loan for Consumers 45,000 60.0% Monthly Monthlylending lending Recovery Recoveryof of lending lending ratio ratio (right (right axis) axis) ratio due to change ratio due to change 40,000 in in credit credit scr
Slide 24: Unsecured Loans Receivable Outstanding by Interest Rate and Average Yield
Unsecured Loans Receivable Outstanding by Interest Rate and Average Yield (ACOM) ◆Unsecured Loan for Consumers (Based on Receivable Outstanding) (Millions of yen,%) 2008/3 2008/9 2009/3 (Estimate) C.R. C.R. C.R. Loans Receivable Outstanding 1,277,879 100.0 1,204,214 100.0 1,131,900 100.0 Over 18% 78
Slide 25: Non-performing Loans (ACOM)
Non-performing Loans (ACOM) ◆ Changes in non-performing loans and composition ratio to loans receivable outstanding -15,452, -11.7% (yoy) 150,000 -8,139, -6.5% (ytd) 12.0% 141,307 138,128 132,080 126,421 124,767 122,824 11.0% 120,000 Loans 116,628 109,573 Loans to to borrowers borrowers in in bankru
Slide 26: No. of Loan Business Outlets and Permanent Employees
No. of Loan Business Outlets and Permanent Employees (ACOM) ◆Changes in the No. of Loan Business Outlets and Permanent Employees 4,500 1,802 1,800 1,726 1,670 1,559 1,552 4,000 1,525 1,494 1,500 3,767 3,911 No. No. of of permanent permanent 3,500 1,200 employees employees (right (right axis) axis) U
Slide 27: Funds Procurement (ACOM)
Funds Procurement (ACOM) (Millions of yen, %) 2008/3 2008/9 2009/3 (Estimate) C.R. yoy C.R. yoy C.R. yoy (%) Borrowings 774,407 100.0 -114,180 715,117 100.0 -105,469 742,400 100.0 -4.1 Indirect 514,407 66.4 -66,220 480,117 67.1 -56,489 507,400 68.3 -1.4 Direct 260,000 33.6 -47,960 235,000 32.9 -48,9
Slide 28: Assumptions on the Outlook for the Fiscal Year March 2009 (ACOM)
Assumptions on the Outlook for the Fiscal Year March 2009 (ACOM) 1. 1. Outlook Outlook for for the the Long-term Long-term Prime Prime Rate Rate 2.60% 2.60% 2. 2. Average Average Nominal Nominal Interest Interest Rate Rate 1.90% 1.90% 3. 3. Average Average Loan Loan Yield Yield 19.07% 19.07% (Unsecu
Slide 29: Reference: Contact Information
Reference ◆ For further information and questions regarding this presentation material, please contact: Investor Relations Office Tel: +81-3-5533-0631 email: [email protected] ◆ For updated company information, please refer to our website: http://www.acom.co.jp/ir/english/ 29