Ebara Corporation · TSE:6361
Ebara — Q1 2020 Earnings Presentation
21 slides from Ebara's earnings presentation, May 13, 2020
Slide 1: Results Presentation for Three Months Ended March 31, 2020
ERARA Results Presentation for Three Months Ended March 31, 2020 EBARA (6361) May 13, 2020 Looking ahead, going beyond expectations Ahead > Beyond EBARA corporation
Slide 2: Table of Contents
— Table of Contents = Points of 1Q Results P3 4. COVID-19 Impacts P12 1. FY20 1Q Summary of Results 5. Appendix : Summary by Segment |. Consolidated P4 |. Orders P.16 Il. Segment PS Il Net Sales P17 lll. Net Sales by Region P6 Ill. Operating Income P18 2. FY20 1Q Results by Segment IV. Backlog of Or
Slide 3: Points of 1Q Results
— = Points of 1Q Results —_ | FY20 1Q Results | FY20 Forecast ™ Orders 123.3 billion yen hao # © 1-2Qand full-year forecast is pending = Sales 122.6 billion yen —(-5.8%) s ™ Operating - ¥ Income 7.0 billion yen (-22.8%) | Results ® In semiconductor market, some foundries have expanded capital invest
Slide 4: FY20 1Q Consolidated Results Summary
1. FY20 1Q Consolidated Results Summary: Orders: JPY 123.3 billion (YoY +JPY 6.2 billion) Net Sales: JPY 126.6 billion (YoY –JPY 7.4 billion) Operating Income: JPY 7.0 billion (YoY –JPY 2.0 billion) Net Income Attributable to Owners of Parent: JPY 3.7 billion (YoY –JPY 2.9 billion) 4
Slide 5: FY20 1Q Consolidated Results Summary—Segment
1. FY20 1Q Consolidated Results Summary—Segment: Orders Orders increased for PM business, due to upturn of semiconductor industry capital investments during the later part of last year. Net Sales Across all businesses, net sales decreased YoY. Operating Income FMS: Increased YoY due to improvement i
Slide 6: FY20 1Q Consolidated Results Summary—Net Sales by Region
1. FY20 1Q Consolidated Results Summary—Net Sales by Region: Sales to China decreased by JPY 6.2 billion YoY. This is due largely to the suspension of Pumps and Chillers factories in China as a result of the COVID-19 pandemic. 6
Slide 7: FY20 1Q Results by Segment—FMS
2. FY20 1Q Results by Segment—FMS: Orders: JPY 78.5 billion (YoY –JPY 1.5 billion) Sales: JPY 78.4 billion (YoY –JPY 3.0 billion) Operating income: JPY 5.1 billion (YoY +JPY 1.3 billion) Pumps Business: Decreased Sales, Decreased Profit Orders/sales decreased mainly in countries that were impacted b
Slide 8: FY20 1Q Results by Segment—EP
2. FY20 1Q Results by Segment—EP: Orders: JPY 4.5 billion (YoY –JPY 8.1 billion) Sales: JPY 17.2 billion (YoY –JPY 1.8 billion) Operating Income: JPY 2.4 billion (YoY +JPY 0.2 billion) Impact of the COVID-19 pandemic on business activity was minor, including on production base in China. There were n
Slide 9: FY20 1Q Results by Segment—PM
2. FY20 1Q Results by Segment—PM: Orders: JPY 39.8 billion (YoY +JPY 15.9 billion) Sales: JPY 26.4 billion (YoY –JPY 2.5 billion) Operating Income: -JPY 0.0 billion (YoY –JPY 3.1 billion) Impact of the COVID-19 pandemic was minor. Orders Orders increased significantly year-on-year. There was a conti
Slide 10: FY20 Forecast—Consolidated
3. FY20 Forecast—Consolidated: Forecast for 2Q cumulative and full-year earnings Amid the spread of COVID-19, it is uncertain how the Group’s performance will be impacted by related issues such as the trends in major domestic and overseas markets, progress of construction works and restrictions on p
Slide 11: FY20 Forecast—Segment
3. FY20 Forecast—Segment: 11
Slide 12: COVID-19 Impacts—Business Operations
4. COVID-19 Impacts—Business Operations: 1Q Status Around the Chinese New Year in Feb., production/sales bases in China and operations of customers and suppliers in China were halted. Due to restriction applied on people’s movement and distribution, we implemented necessary measures to address any i
Slide 13: COVID-19 Impacts—Segment-specific
4. COVID-19 Impacts—Segment-specific: 13
Slide 14: COVID-19 Impacts—Segment-specific
4. COVID-19 Impacts—Segment-specific: 14
Slide 15: COVID-19 Impacts—Financial Status
4. COVID-19 Impacts—Financial Status: As of the end of March, we held cash on hand of more than three months sales, so we have sufficient amount of cash flow. Funding risks caused by operation stoppage at overseas subsidiaries and delivery delays are to be funded as necessary at early stage. Even if
Slide 16: Appendix: Summary by Segment—Orders
5. Appendix: Summary by Segment Eaara Orders = ae Results Plan Plan Plan Pian Feb/26/20 May/13/20 Feb/26/20 May/13/20 FMS Business Pumps 43.9) 43.1 -07 88.6 86.0) - 176.3 181.0 “ cr 23.9 23.5 -04 45.6 51.0) = 102.0 93.0 - Chillers 89 7.2 -16 20.3 21.0) = 38.1 38.0 = Others 33) 4.5] +12 7.0 5.0 = 15.
Slide 17: Appendix: Summary by Segment—Net Sales
— 5. Appendix: Summary by Segment = Eaara Net Sales 4 we | Results Results Results Results Feb/26/20 May/13/20 FMS Business 815 78.4) -3.0 154.2 163.0 = 323.1 318.0) = Pumps 51.0] 46.0 -49 88.4 91.0] - 1749 177.0) - ct 17.2 21.6) +43 39.3 46.0| - 95.2 91.0) - Chillers 88) 7A -1.6 19.0 20.0! = 377 37
Slide 18: Appendix: Summary by Segment—Operating Income
— 5. Appendix: Summary by Segment = EBARA Operating Income (in billion yen) - ang 9 - 5 Q FMS Business 3.7) 5.1 +13 5.3 6.5) - 17.2 15.0) - Pumps 5.1 5.0) -01 5.6 40] - 11.0 8.5 - a - 1.2 - 04) +08 -0.1 1.0] - 48 45) - Chillers 0.2) 0.5) +02 08 1.0] - 18 1.5) - Others - 0.2| 0.0 +03 -09 0.5) - -04 0
Slide 19: Appendix: Summary by Segment—Backlog of Orders
— 5. Appendix: Summary by Segment = Backlog of Orders Gn billion yen) Q Q Q 0 9 0 0 0 0 Announced dst aly) b/26, 0 b/26/20 Ma 0 FMS Business 209.0) 211.1 +21 214.7 216.7| m2 216.7 222.7) - Pumps 90.4, 91.3] +08 96.7 93.0) - 98.0 102.0 - a 94.1 94.0) -01 92.1 98.3 - 93.3 95.3 - Chillers 17.1 16.5 -05
Slide 20: Appendix: Summary by Segment—Net Sales by Region
5. Appendix: Summary by Segment Net Sales by Region (in billion yen) 1Q FY19 FY20 Change Results Results FMS Business 81.5 78.4 - 3.0 Japan 43.6 419 -17 Asia (excel. Japan) 19.5 158 -3.7 North America 6.2 9.0 +27 Europe 46 5.0 +03 Middle East 45 44 -0.1 Others 2.8 2.2 - 0.5 EP Business 19.1 17.2 -18
Slide 21: Forward-looking statements notice
This release contains forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements which are valid only as of the date thereof.