Kawasaki Heavy Industries Ltd. · TSE:7012

Kawasaki Heavy Industries — Q3 FY2009 Earnings Presentation

21 slides from Kawasaki Heavy Industries's earnings presentation, Jan 29, 2010

  1. Slide 1: Financial Results for Third Quarter FY 2009

    Financial Results for Third Quarter FY 2009 (for the year ending March 31, 2010) January 29, 2010 Kawasaki Heavy Industries, Ltd

  2. Slide 2: Table of Contents

    Table of Contents I. Consolidated Results for Third Quarter FY2009 Ⅱ．Forecast for FY2009 — Summary of Financial Results 1 — Consolidated Operating Performance 14 — Details of Change in Profit ① 2 — Forecast by Segment 15 — Details of Change in Profit ② 3 — R&D/CAPEX/Number of Employees 16 — Financia

  3. Slide 3: I. Consolidated Results for Third Quarter FY2009

    I. Consolidated Results for Third Quarter FY2009

  4. Slide 4: Summary of Financial Results

    Summary of Financial Results (¥ Billion / In accumulated amount) 【Orders Received】 FY2008 3Q FY2009 3Q Change Decrease in all segments except Energy & Environmental Engineering segment Orders Received 1087.2 649.9 - 437.3 【Net Sales】 Net Sales Decrease especially in mass production 954.9 798.0 - 156

  5. Slide 5: Details of Change in Profit ①

    Details of Change in Profit ① - FY2009 3Q vs. FY2008 3Q - (¥ Billion / In accumulated amount) 【Operating Income/loss】 - 28.7 （ FY2008 3Q 14.7 ⇒ FY2009 3Q - 14.0 ） FY2008 3Q Adverse impact 14.7 of sales decrease - 22.6 Impact of changes in accounting FY2009 3Q methods Adverse impact of ・Valuation of

  6. Slide 6: Details of Change in Profit ②

    Details of Change in Profit ② - FY2009 3Q vs. FY2008 3Q- (¥ Billion / In accumulated amount) 【Non-operating Income/Expenses】 + 1.6 （ FY2008 3Q 6.8 ⇒ FY2009 3Q 8.5 ） Net Interest expense ( incl. dividend income ) + 0.1 （- 1.4 ⇒ - 1.2 ） Equity in income of unconsolidated subsidiaries and affiliates -

  7. Slide 7: Financial Results by Segment

    Financial Results by Segment (¥ Billion / In accumulated amount) Orders Received Net Sales Operating Income FY2008 FY2009 Change FY2008 FY2009 Change FY2008 FY2009 Change 3Q 3Q 3Q 3Q 3Q 3Q Shipbuilding 64.1 10.4 - 53.6 95.8 111.7 15.9 - 2.5 0.7 3.3 Rolling Stock 186.4 63.0 - 123.4 131.8 122.3 - 9.4

  8. Slide 8: Shipbuilding

    Shipbuilding Main Products： LNG Carriers、LPG Carriers、VLCCs、Bulk Carries、Submarines and others （¥ Billion / In accumulated amount） — FY2009 3Q （ vs. FY2008 3Q ） Orders Received Orders Received: Significant decline in orders received of new building ships due to 71.5 58.4 64.1 downturn of shipping ma

  9. Slide 9: Rolling Stock

    Rolling Stock Main Products : Electric train cars (incl. Shinkansen), Electric and diesel locomotives, Passenger coaches, Platform screen doors, Gigacell (High-Capacity, Full Sealed Ni-MH Battery) （¥ Billion / In accumulated amount） excl. Construction Machinery Orders Received 163.2 — FY2009 3Q 264.

  10. Slide 10: Aerospace

    Aerospace Main Products : Aircrafts for Japan Ministry of Defense, Component parts for commercial aircrafts (BOEING , Embraer), Missiles （¥ Billion / In accumulated amount） Orders Received — FY2009 3Q （ vs. FY2008 3Q ） 239.1 (Forecast in Nov. 160.0) .0 Orders Received : .0 160.0 Decrease in orders r

  11. Slide 11: Gas Turbines & Machinery

    Gas Turbines & Machinery Main Products : Jet engines, Gas turbine co-generation system, Gas turbines & Steam turbines for marines & land, Diesel engines, Marine propulsion system （¥ Billion / In accumulated amount） Orders Received — FY2009 3Q ( vs. FY2008 3Q ) 355.5 (Forecast in Nov. 220.0) Orders R

  12. Slide 12: Energy & Environmental Engineering

    Energy & Environmental Engineering Main Products: Industrial plants (cement, chemical and others), Power plants, LNG & LPG tanks、Municipal refuse incineration plants, Shield machines （¥ Billion / In accumulated amount） — FY2009 3Q （ vs. FY2008 3Q ） Orders Received : Orders Received (Forecast in Nov.

  13. Slide 13: Consumer Products & Machinery

    Consumer Products & Machinery Main Products: Motorcycles, All-Terrain Vehicles(ATVs), Utility Vehicles, Personal Watercraft、General-Purpose Gasoline Engines, Industrial Robots （¥ Billion / In accumulated amount） Net Sales 336.4 (Forecast in Nov. 240.0) — FY2009 3Q ( vs. FY2008 3Q） 247.8 Net Sales: 0

  14. Slide 14: Hydraulic Machinery

    Hydraulic Machinery Main Products： Hydraulic components (pumps, motors & valves), Hydraulic systems for industrial use, Hydraulic marine machinery and others （¥ Billion / In accumulated amount） Orders Received (Forecast in Nov. 70.0) 84.1 — FY2009 3Q ( vs. FY2008 3Q ） 0 71.5 70.0 Orders Received : 5

  15. Slide 15: Others

    Others Main Products： Construction Machinery and others （¥ Billion / In accumulated amount） incl. Construction Machinery 111.8 Orders Received (Forecast in Nov. 110.0) 105.5 100.0 88.6 63.2 67.6 42.9 32.1 13.5 1Q 2Q 3Q FY2008 1Q 2Q 3Q FY2009 Forecast incl. Construction Machinery 105.9 Net Sales (For

  16. Slide 16: Financial Condition and Cash Flows

    Financial Condition and Cash Flows 【Financial Condition】 (¥ Billion) FY2008 FY2009 End of Mar.2009 End of Dec.2009 Total Assets 1,399.7 1,422.8 Shareholders’ Equity 290.4 277.9 （Ratio of shareholders’ equity to total assets） (20.7%) （19.5%） Interest-bearing debt 389.2 544.2 （Net Interest-bearing deb

  17. Slide 17: II. Forecast for FY2009

    II. Forecast for FY2009

  18. Slide 18: Consolidated Operating Performance

    Consolidated Operating Performance (¥ Billion) FY2009 Forecast Change 【Orders Received】 Energy & Environmental Engineering FY2008 in Nov. in Jan. vs. vs. segment was revised up due to a large-scale Forecast order received, while Shipbuilding and (Revised) FY2008 in Nov. Consumer Products & Machinery

  19. Slide 19: Forecast by Segment

    Forecast by Segment (¥ Billion) Orders Received Net Sales Operating Income FY2009 Forecast FY2009 Forecast FY2009 Forecast FY2008 in Nov. in Jan. FY2008 in Nov. in Jan. FY2008 in Nov. in Jan. (Revised) (Revised) (Revised) Shipbuilding 71.5 50.0 20.0 126.4 150.0 150.0 - 1.0 3.5 2.0 Rolling Stock 264.

  20. Slide 20: R&D/CAPEX/Number of Employees

    R&D/CAPEX/Number of Employees (￥Billion / Persons) FY2008 Actual FY2009 Forecast R&D Expenses 38.2 38.0 CAPEX 82.4 71.0 (Construction Base) Depreciation and Amortization 44.3 52.0 Domestic 24,311 24,400 Overseas 7,955 7,700 Number of Employees 32,266 32,100 - 16 -

  21. Slide 21: Cautionary Statement

    Kawasaki, Working as One for the Good of the Planet Cautionary Statement The performance outlook and the forecasts stated in this material were prepared by Kawasaki Heavy Industries, Ltd. (hereinafter, KHI) based on the circumstances at the release point, and include potential risks and uncertain fa

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