Bridgestone Corporation · TSE:5108
Bridgestone — Q3 2024 Earnings Presentation
14 slides from Bridgestone's earnings presentation, Nov 11, 2024
Slide 1: Financial Results for 3rd Quarter of Fiscal 2024
Financial Results for 3rd Quarter of Fiscal 2024 Bridgestone Corporation Global CFO and Executive Director, G Finance Bridgestone Corporation Naoki Hishinuma November 11, 2024
Slide 2: Agenda
1. Business and Financial Performance for Q3 of Fiscal 2024 ･･･ 3 2. Consolidated Guidance for Fiscal 2024 ･･･ 11 2/12
Slide 3: 1. Business and Financial Performance for Q3 of Fiscal 2024
1. Business and Financial Performance for Q3 of Fiscal 2024 3/12
Slide 4: Consolidated Financial Results of Q1-Q3 FY2024
Consolidated Financial Results of Q1-Q3 FY2024 （Yen in billions） 2023 2024 vs PY (%) Q1-Q3 Q3 Q1-Q3 1H vs PY (%) vs PY (%) (3 months) 3,198.1 2,176.8 +4 1,092.6 (0) 3,269.4 +2 (*1) Revenue Adjusted Operating Profit (*1) 362.3 229.2 (4) 124.0 +0 353.2 (3) Margin 11.3% 10.5% (0.8) pp 11.4% +0.0 pp 10.
Slide 5: Analysis of Adjusted Operating Profit (vs. PY)
Analysis of Adjusted Operating Profit of Q1-Q3 FY2024 (vs. PY) (Yen in billions) Raw L. America Materials Price MIX Volume Conversion Currency Business* 362.3 +4.0 (8.0) +9.0 (36.0) Costs Operating +51.0 (37.0) Others +17.9 353.2 Expenses (16.0) - incl. negative price impact from +6.0 -incl. - UPI m
Slide 6: Consolidated Financial Results by Segment of Q1-Q3 FY2024
Consolidated Financial Results by Segment of Q1-Q3 FY2024 (Yen in billions) 2023 2024 vs. PY (%) Q1-Q3 Q1-Q3 Revenue 894.9 877.8 (2) Japan Adjusted OP 141.0 135.6 (4) Margin 15.8% 15.4% (0.3) pp Revenue 413.6 393.3 (5) Asia, Pacific, India and Adjusted OP 39.0 42.1 +8 China (*) Margin 9.4% 10.7% +1.
Slide 7: Consolidated Financial Results by Product of Q1-Q3 FY2024
Consolidated Financial Results by Product of Q1-Q3 FY2024 (Yen in billions) 2023 2024 (*) vs. PY (%) Q1-Q3 Q1-Q3 Revenue 1,747.0 1,816.0 +4 PS/LT Adjusted OP 188.8 193.9 +3 (incl. retail & credit card business) Margin 10.8% 10.7% (0.1) pp Revenue 751.7 750.9 (0) Adjusted OP 60.4 43.6 (28) TB (incl.
Slide 8: Diversified Products by Business of Q1-Q3 FY2024
Diversified Products by Business of Q1-Q3 FY2024 (Yen in billions) Sports & Cycle Biz vs. PY (%) Revenue: 44.5 (4) Diversified Adjusted OP: (1.1) - Products Business Chemical & Industrial vs. PY (%) Margin: (2.5)% (5.2)pp Products Biz vs. PY (%) Revenue: 225.3 +1 Diversified Products Biz Revenue: 12
Slide 9: Adjustment Items of Q1-Q3 FY2024
Adjustment Items of Q1-Q3 FY2024 Q1-Q3 FY2024 Results (Yen in billions) Revenue 3,269.4 Adjusted Operating Profit 353.2 （Yen in billions） Adjustment Items (*1) (23.9) Adjustment Items (*1) (23.9) Major Items Gain on sales of fixed assets (company housing) (63.3) Operating Profit 377.1 Impairment los
Slide 10: B/S and C/F Highlights for Q3 of Fiscal 2024
B/S and C/F Highlights for Q3 of Fiscal 2024 (Yen in billions) 2023 Results 2024 Q3 Results (as of Dec 31, 2023) (as of Sep 30, 2024) vs. Dec 31, 2023 Total Assets 5,427.8 5,380.9 (46.9) Total Equity 3,405.4 3,527.1 +121.7 Equity Ratio (%) 61.8% 64.6% +2.8pp Interest-Bearing Debt 〈Net〉 105.6 164.9 +
Slide 11: 2. Consolidated Guidance for Fiscal 2024
2. Consolidated Guidance for Fiscal 2024 11/12
Slide 12: Consolidated Guidance for Fiscal 2024
Consolidated Guidance for Fiscal 2024 (Yen in billions) 2024 Guidance vs. PY Forecast of Business Environment (FY2024) 2023 Results (Aug 9, 2024 (%) Announcement) Currency Exchange Revenue 4,313.8 4,410.0 +2 Currency Exchange Assumption for FY2024: * Adjusted Operating Profit 480.6 490.0 +2 1USD=¥
Slide 13: 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
Slide 14: Appendix: Natural rubber, crude oil and tire demand trends
APPENDIX Market trend of natural rubber and crude oil (Average) Tire Demand of Q1-Q3 (unit base% vs. PY) 2023 2024 Estimated by Bridgestone PSR/LTR TBR Q1 Q2 Q3 Q4 Q1 Q2 Q3 OE REP OE REP Natural Rubber 137 135 134 145 157 168 175 Japan 91% 94% 105% 87% 〈TSR20〉(*1)（￠/kg） Natural Rubber (*2) (*2) 161