Bridgestone Corporation · TSE:5108
Bridgestone — Q3 2024 Earnings Presentation
24 slides from Bridgestone's earnings presentation, Nov 11, 2024
Slide 1: Summary of Financial Results for 3Q 2024
Summary of Financial Results for 3Q 2024 Bridgestone Corporation Member of the Board Global CEO and Representative Executive Officer Shu Ishibashi November 11, 2024
Slide 2: Financial results for 3Q 2024 - Global Summary
Financial results for 3Q 2024 - Global Summary * PS: Passenger car tires, REP: Replacement tires, HRD: 18inch & above TB: Truck and bus tires OR: Off-the-road tires, AC:: Aircraft tires Urgent management priorities are to deal with “new threats” and “past negative legacies” • Aiming to secure and im
Slide 3: Financial results for 3Q 2024 – Summary by major segment
Financial results for 3Q 2024 – Summary by major segment Increase in revenue and decrease in profit vs. prior year: Despite an increase in revenue on JPY base due to the impacts from the currency Americas business exchange, there was a decrease in revenue & profit on local currency base with a huge
Slide 4: Bridgestone WEST: N. America
Summary of Financial Results for 3Q 2024 – Bridgestone WEST N. America 4/23
Slide 5: North America | Summary of financial results
North America | Summary of financial results for 3Q 2024 N. America business in total: Maintain and reinforce a solid foundation of premium tire business despite a decrease in profit vs. prior year Aim to improve profitability by launching new ENLITEN products, reinforcing FS brand (multi-brand stra
Slide 6: Demand & sales volume results: North America passenger car
Demand & sales volume results for 3Q 2024: North America | Passenger car total & passenger car high rim diameter tires Demand volume Sales volume Demand volume Sales volume OE Jan – Sep 2024 (vs. prior year) (vs. prior year) REP Jan – Sep 2024 (vs. prior year) (vs. prior year) Member* 97 BS 93 PS to
Slide 7: Demand and sales volume results: North America truck & bus
Demand and sales volume results for 3Q 2024: North America | Truck & bus tires Demand volume Sales volume Demand volume Sales volume OE Jan – Sep 2024 (vs. prior year) (vs. prior year) REP Jan – Sep 2024 (vs. prior year) (vs. prior year) Member* 103 BS 110 104 demand TB TB 91 83 Total demand 117 FS
Slide 8: Bridgestone WEST: L. America
Summary of Financial Results for 3Q 2024 – Bridgestone WEST L. America 8/23
Slide 9: Latin America | Summary of financial results
Latin America | Summary of financial results for 3Q 2024 L. America business in total: Overcame the worst phase in Argentina, while becoming deficit due to the ongoing business deterioration in Brazil → Accelerating further business restructuring & rebuilding and fixed cost reduction from 4Q through
Slide 10: Bridgestone WEST: Europe
Summary of Financial Results for 3Q 2024 – Bridgestone WEST Europe 10/23
Slide 11: Europe | Summary of financial results
Europe | Summary of financial results for 3Q 2024 Europe business: ◼ Europe business in total: Overcame the worst phase with a slow pace Increased revenue and profit vs. prior year Benefits from ensuring a continued focus on premium and promoting restructuring & rebuilding started contribution to fi
Slide 12: Bridgestone EAST: Specialties as premium tire solutions business
Summary of Financial Results for 3Q 2024 – Bridgestone EAST Specialties as premium tire solutions business (OR/AC/AG/MC) 12/23
Slide 13: Specialties as premium tire solutions business | Summary of financial results
Specialties as premium tire solutions business | Summary of financial results for 3Q 2024 Specialties （OR/AC/AG/MC） Specialties: Financial results for 3Q 2024 Revenue 477.2 B JPY 100% of PY Increased profit vs. prior year OR Adj. Operating Profit 111.0 B JPY 108% of PY Increased profitability vs. pr
Slide 14: Bridgestone EAST: Growing market: India
Summary of Financial Results for 3Q 2024 – Bridgestone EAST Growing market: India 14/23
Slide 15: Growing market: Reinforce India PS premium tire business
Growing market: Market leader position Reinforce India PS premium tire business Accelerate “premium & mass strategy” to solidify market leader position based on increasing premium sales volume, improving sales mix & increasing market share Cumulative total for 3Q 2024: Increase market share in PS-RE
Slide 16: Global Premium focus
Summary of Financial Results for 3Q 2024 Global Premium focus 16/23
Slide 17: Passenger car high rim diameter tires – Improve sales mix
Global Premium focus: Passenger car high rim diameter tires – Improve sales mix ◼ In the challenging business environment, continue to maintain a thorough focus on the PS HRD tires where there is a “tailwind“ of demand growth → Further accelerate premium enhancement including expansion of “ultra”- H
Slide 18: Passenger car premium tires – Improve sales mix
Global Premium focus: Passenger car premium tires – Improve sales mix ◼ Ensure a thorough focus on premium tires linked with the expansion of ENLITEN, “new premium” on top of the growth in high rim diameter (HRD) tires Sales portion of PS premium tires for the year HRD tires (replacement / global) H
Slide 19: Reinforce business quality: Global business cost reduction
Summary of Financial Results for 3Q 2024 Reinforce business quality: Global business cost reduction 19/23
Slide 20: Global business cost reduction across the entire value chain
Reinforce business quality: Global business cost reduction across the entire value chain ◼ While continuing challenging business performance, steady global initiatives at Genbutsu-Genba supported the Group’s performance Global procurement ◼ Raw material: Contribute to the Group’s performance through
Slide 21: Summary of Financial Results by business portfolio
Summary of Financial Results by business portfolio for 3Q 2024 21/23
Slide 22: Financial performance by business portfolio
Financial performance by business portfolio for 3Q 2024 ◼ Solutions business as growth business: Secured an increase in revenue & profit Premium tire business Core business vs. prior year by expanding commercial BtoB solutions, in particular, mining & aviation solutions Revenue 2,171.6 Revenue porti
Slide 23: IR communication plan
IR communication plan February 17, 2025 (Mon) (plan) ◼ Summary of Financial Results for 2024 / Fiscal 2025 Guidance ◼ Mid Term Business Plan (2024-2026) Progress Update 23/23
Slide 24: Forward-looking statements disclaimer
Statements made in this presentation with respect to Bridgestone's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Bridgestone. Forward-looking statements include, but are not limited t