Kawasaki Heavy Industries Ltd. · TSE:7012
Kawasaki Heavy Industries — FY2013 Earnings Presentation
20 slides from Kawasaki Heavy Industries's earnings presentation, Apr 25, 2014
Slide 1: Financial Results for FY2013
Financial Results for FY2013 (for the year ended March 31, 2014) April 25, 2014
Slide 2: Table of Contents
Table of Contents I. Consolidated Results for FY2013 II． Forecast for FY2014 Summary of Financial Results 3 Consolidated Operating Performance 15 Financial Results by Segment 4 Forecast by Segment 16 Summary of Income Statement 5 R&D/CAPEX/Number of Employees 17 Financial Results by Se
Slide 3: Summary of Financial Results
I. Consolidated Results for FY2013 Summary of Financial Results (Billion Yen) FY2012 FY2013 Change vs. FY2012 < Orders Received > Forecast ※ vs. Forecast Increased as a whole due to increase in Actual in January Actual vs. FY2012 in January orders received in Motorcycle & Engine, Precision Machinery
Slide 4: Financial Results by Segment
I. Consolidated Results for FY2013 Financial Results by Segment (Billion Yen) Orders Received Net Sales Operating Income FY2012 FY2013 Change FY2012 FY2013 Change FY2012 FY2013 Change Ship & Offshore Structure 105.7 117.8 + 12.1 90.3 80.8 - 9.4 4.1 - 2.0 - 6.1 Rolling Stock 124.4 133.0 + 8.6 129.9 1
Slide 5: Summary of Income Statement
I. Consolidated Results for FY2013 Summary of Income Statement (Billion Yen) 【 Operating Income 】 + 30.2 (FY2012 42.0 FY2013 72.3) Net sales + 96.6 ( 1,288.8 1,385.4 ) (Excluding the effect of change in FIA accounting methodology) (+ 134.1 ( 1,288.8 1,422.9 )) Cost of sales + 54.8 ( 1,085.4
Slide 6: Ship & Offshore Structure
I. Consolidated Results for FY2013 Ship & Offshore Structure Main Products： LNG carriers, LPG carriers, Offshore structures, VLCCs, Bulk carriers, Submarines FY2013 （ vs. FY2012 ) Orders Received: Increased due to orders received （Billion Yen / In accumulated amount） for 9 ships including liquefied
Slide 7: Rolling Stock
I. Consolidated Results for FY2013 Rolling Stock Main Products : Electric train cars (incl. Shinkansen), Electric and diesel locomotives, Passenger coaches, Gigacell® (High-Capacity, Full Sealed Ni-MH Battery) FY2013 （ vs. FY2012 ） （Billion Yen / In accumulated amount） Orders Received: Increased due
Slide 8: Aerospace
I. Consolidated Results for FY2013 Aerospace Main Products : Aircrafts for Japan Ministry of Defense, Component parts for commercial aircrafts, Commercial helicopters, Missiles, Space equipment FY2013 （ vs. FY2012 ） （Billion Yen / In accumulated amount） Orders Received: Increased due to increase in
Slide 9: Gas Turbine & Machinery
I. Consolidated Results for FY2013 Gas Turbine & Machinery Main Products : Jet engines, Gas turbine co-generation system, Gas engines, Diesel engines, Gas turbines & steam turbines for marine & land, Marine propulsion system, Aero-dynamic machinery FY2013 （ vs. FY2012 ) （Billion Yen / In accumulated
Slide 10: Plant & Infrastructure
I. Consolidated Results for FY2013 Plant & Infrastructure Main Products: Industrial plants (cement, fertilizer and others), Power plants, LNG tanks, Municipal refuse incineration plants, Tunnel boring machines, Crushing machines FY2013 （ vs. FY2012 ） （Billion Yen / In accumulated amount） Orders Rece
Slide 11: Motorcycle & Engine
I. Consolidated Results for FY2013 Motorcycle & Engine Main Products: Motorcycles, All-Terrain Vehicles(ATVs), Utility Vehicles, Personal Watercraft, General-purpose Gasoline Engines FY2013 （ vs. FY2012 ) Net Sales: Increased due to sales increase of motorcycles in the United States and emerging mar
Slide 12: Precision Machinery
I. Consolidated Results for FY2013 Precision Machinery Main Products： Hydraulic components (pumps, motors & valves), Hydraulic systems for industrial use, Hydraulic marine machinery, Precision Machinery / Electric-powered devices, Industrial Robots FY2013 （ vs. FY2012 ） （Billion Yen / In accumulated
Slide 13: Summary of Balance Sheet
I. Consolidated Results for FY2013 Summary of Balance Sheet (Billion Yen) 【Changes in working capital】 【Changes in interest-bearing debt】 End of End of Change Working capital Working capital turnover* Long-term debt Short-term debt Mar. 2013 Mar. 2014 (left axis) (right axis) (Billion Yen) Cash on h
Slide 14: Summary of Cash Flows
I. Consolidated Results for FY2013 Summary of Cash Flows 【Changes in cash flows from (Billion Yen) operating activities and others】 Working capital （left axis） FY2012 FY2013 Change Income before income taxes and minority interests （right axis） Cash flows from operating activities (right axis） Cash f
Slide 15: Consolidated Operating Performance
II． Forecast for FY2014 Consolidated Operating Performance (Billion Yen) vs. FY2013 FY2013 FY2014 Change Actual Forecast < Orders Received > Expected to increase as a whole due to 1,455.4 increase in Ship & Offshore Structure Orders Received 1,580.0 + 124.6 and Rolling Stock segments Net Sales 1,385
Slide 16: Forecast by Segment
II． Forecast for FY2014 Forecast by Segment (Billion Yen) Orders Received Net Sales Operating Income FY2013 FY2014 FY2015 FY2013 FY2014 FY2015 FY2013 FY2014 FY2015 Actual Forecast Target Actual Forecast Target Actual Forecast Target ※1 ※1 ※1 Ship & Offshore Structure 117.8 150.0 80.8 85.0 135.0 - 2.
Slide 17: R&D/CAPEX/Number of Employees
II． Forecast for FY2014 R&D/CAPEX/Number of Employees (Billion Yen / Persons) FY2012 FY2013 FY2014 Actual Actual Forecast R&D Expenses 41.7 40.3 46.0 CAPEX (Construction Base) 78.6 87.7 91.0 Depreciation & Amortization 48.3 37.8 47.0 Domestic 25,222 25,531 26,200 Overseas 8,788 9,089 8,900 Number of
Slide 18: Before-tax ROIC by Segment
III． Before-tax ROIC by Segment Before-tax ROIC by Segment Before-tax ROIC Operating Income Margin Asset Turnover (Times) ((EBIT+ Interest Expense)/ (Operating Income / Net Sales) (Net Sales / Total Assets) Invested Capital) FY2012 FY2013 FY2014 FY2015 FY2012 FY2013 FY2014 FY2015 FY2012 FY2013 FY201
Slide 19: Appendix. Historical Data
Appendix. Historical Data (Billion Yen) Shareholders' equity Interest bearing debt Before-tax ROIC 1,200.0 (left axis) (left axis) (right axis) 12.0% 1,100.0 1,000.0 10.0% 900.0 800.0 8.0% 700.0 379.3 600.0 444.6 6.0% 484.7 500.0 428.9 407.2 399.5 304.2 276.4 400.0 428.2 319.8 429.1 4.0% 300.0 353.9
Slide 20: Cautionary note on forecasts
Figures recorded in the business forecasts are forecasts that reflect the judgment of the Company based on the information available at the time of release and include risks and uncertainties. Accordingly, the Company cautions investors not to make investment decisions solely on the basis of these f
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