Screen Holdings Co., Ltd · TSE:7735
Screen — Dainippon Screen Mfg. — FY2012 Earnings Presentation
20 slides from Screen's earnings presentation, May 9, 2012
Slide 1: Dainippon Screen Mfg. Co., Ltd. Business Results & Forecast FY ended March 2012
DAINIPPON DAINIPPON SCREEN SCREEN MFG. MFG. CO., CO., LTD. LTD. Business Business Results Results && Forecast Forecast Fiscal Fiscal Year Year Ended Ended March March 31, 31, 2012 2012 President President&&COO COOMasahiro MasahiroHashimoto Hashimoto May May9, 9,22012 012 Agenda • FY2012 Business Res
Slide 2: Business Results, Fiscal Year Ended March 31, 2012
Business Business Results Results Fiscal Fiscal Year Year Ended Ended March March 31, 31, 2012 2012 1
Slide 3: FY2012 Business Results (Consolidated)
FY2012 Business Results (Consolidated) FY2011 FY2012 Fcst vs.Fcst （Unit：Billions of JPY） Result Result Y/Y (Feb.6) (Feb.6) Net Sales 254.9 250.0 (4.8) 249.0 1.0 SE 174.2 167.5 (6.6) 165.4 2.1 FE 32.7 32.6 (0.1) 33.5 (0.8) MP 47.3 49.1 1.8 49.5 (0.3) MT 40.4 43.5 3.0 43.2 0.3 PE 6.8 5.6 (1.2) 6.3 (0.
Slide 4: FY2012 Business Results (Consolidated)
FY2012 Business Results (Consolidated) Net NetSales Sales FY2012: JPY 250.0bn / FY2011: JPY 254.9bn Differential JPY (4.8)bn （Unit：Billions of JPY） Segment FY2011 FY2012 Difference Point Sales of single wafer cleaning equipment increased while both of sales of batch type SE 174.2 167.5 (6.6) cleanin
Slide 5: Quarterly Net Sales and Operating Income (Consolidated)
Quarterly Net Sales and Operating Income (Consolidated) SE FE MP Other Operating Income Net Sales Operating Income 90 20.0 13.5 7.5 8.1 14.6 10.0 6.3 6.2 60 4.6 10.3 9.0 2.7 7.7 2.6 11.0 13.0 6.1 0.6 5.1 (0.9) 12.8 3.8 10.3 12.8 0.0 10.0 9.2 9.3 10.6 (6.1) 11.4 8.2 3.8 6.6 10.4 30 (9.5) 55.4 7.2 54.
Slide 6: Quarterly Orders Received and Order Backlog (Consolidated)
Quarterly Orders Received and Order Backlog (Consolidated) Order received SE FE MP Other Order Backlog(right) Order Backlog 100 120.0 107.6 104.1 102.2 97.9 96.0 75 91.7 13.0 84.4 78.0 80.3 11.1 10.7 70.5 10.7 9.4 80.0 5.1 8.6 60.2 12.9 12.1 50 12.3 6.4 58.1 12.3 12.4 2.0 6.1 11.1 4.8 6.8 10.6 13.1
Slide 7: Quarterly Order Received Ratio by Device Application
Semiconductor Production Equipment Quarterly Order Received Ratio by Device Application (Nonconsolidated) 44 Q Q order order received: received: JPY29.2bn. JPY29.2bn. (consolidated) (consolidated) 100% Other Logic 20% 50% Memory 18% DRAM: 5% Flash: 13% Foundry 51% 0% Imaging /1Q /2Q /3Q /4Q /1Q
Slide 8: Quarterly Orders Received by Generation
FPD Production Equipment Quarterly Orders Received by Generation (Nonconsolidated) 4Q 4Qorder orderreceived: received:JPY JPY0.6 0.6 bn. bn.(consolidated) (consolidated) 100% Over G8 G7 G6 50% G5 47% G4 Under G3 7% Other 0% 46% /1Q /2 Q /3Q /4 Q /1Q /2 Q /3Q /4 Q /1Q /2 Q /3Q /4 Q 10 10 10 10 11
Slide 9: Trend in B/S (Consolidated)
(Unit : Billions of JPY) Trend in B/S (Consolidated) Assets Cash & time deposits Liabilities and Net Assets Notes&accounts payable Notes & accounts receivable Inventories Interest-bearing debt Other current asset Other current liabilities Property, plant & equipment Intangible assets/investment/othe
Slide 10: Cash Flows (Consolidated)
Cash Flows (Consolidated) Free Free Cash Cash Flow: Flow: JPY JPY 7.1bn. 7.1bn. (Unit : Billions of JPY) Operating Investing Financing 40 34.0 34.2 30 25.1 20 11.2 7.9 6.8 10 0.6 0 (10) (2.1) (4.1) (6.9) (9.4) (20) (16.5) (30) (24.5) (22.2) (27.1) (40) FY2008 FY2009 FY2010 FY2011 FY2012 9
Slide 11: Interest-bearing Debt (Consolidated)
Interest-bearing Debt (Consolidated) (Unit: Billions of JPY) Interest-bearing Debt Cash and Time Deposits Net interest-bearing debt 140.0 131.0 122.7 120.0 111.1 102.5 100.0 96.3 80.7 76.6 77.2 80.0 74.9 75.2 72.4 75.3 71.9 71.6 69.7 69.4 56.9 57.3 60.0 51.0 53.5 55.5 54.6 53.4 47.1 50.2 50.3 47.6 4
Slide 12: Business Area
Business Business Area Area 11
Slide 13: Business Situation: SE
Business Situation SE ＜SE＞ Quarterly Sales & O/P Billions of JPY 60 8 4Q 4Q 50 6.8 Net sales(left) OP(right) 7 ・Sales for foundry increased. 40 6 5 54.2 ・Earnings rose owing to sales increase 30 4 3.7 3 while R&D costs increased. 20 48.2 2.4 28.9 2 10 36.1 ・Order volume was largely within the 0.5 1
Slide 14: Business Situation: FE
Business Situation FE ＜FE＞ Quarterly Sales & O/P Billions of JPY 1.0 4Q 4Q 14 Net sales(left) OP(right) 12 0.5 0.4 (0.3) ・Sales of equipment for small- and medium- 10 0.0 8 (0.7) sized glass substrate were leading. 6 10.4 (0.5) (0.6) 4 9.3 7.7 ・Posted a loss on valuation of inventory. (1.0) 2 5.1 0
Slide 15: Business Situation: MP
Business Situation MP ＜MP＞ Quarterly Sales & O/P Billions of JPY 18.0 1.4 4Q 4Q 16.0 Net sales(let) OP(roght) 14.0 1.2 1.2 ・As to both of CTP and POD, sales increased 12.0 1 10.0 compared to 3Q. 0.8 14.6 0.8 8.0 0.6 11.0 12.8 10.6 ・Sales of ink for POD increased strongly as well. 6.0 0.4 4.0 ・As to
Slide 16: Progress of Three-year Medium-term Management Plan [NextStage70]
Progress Progress of of Three -year Medium Three-year -term Medium-term Management Management Plan Plan [[NextStage70] NextStage70] April April1, 1,2011 2011to toMarch March31, 31,2014 2014 15
Slide 17: Progress of Medium-Term Plan (Actual Actions)
Progress of Medium-Term Plan (Actual Actions) Establishing a Stable Earnings Structure and Building a Foundation for New Growth ■Approaches in Existing Businesses ・SE -Promotion to the shift to new single wafer cleaning equipment “SU-3200”. -Entry into wafer-level package market with direct imaging
Slide 18: Progress of Medium-Term Plan (Numerical Targets)
Progress of Medium-Term Plan (Numerical Targets) Equity ratio above 50% Reduce net interest-bearing debt to zero （Billions of JPY） 60.0% 90 80 50.0% 76.6 70 36.7% 40.0% 60 50 30.0% 34.4% 45.9 29.8% 40 28.1% 20.0% 30 20 10.0% 15.6 10 10.0 0.0% 0 '09/3 '10/3 '11/3 '12/3 '13/3 '14/3 '09/3 '10/3 '11/3 '
Slide 19: Business Forecast, Fiscal Year Ending March 31, 2013
Business Business Forecast Forecast Fiscal Fiscal Year Year Ending Ending March March 31, 31, 2013 2013 18
Slide 20: Business Forecast for FY2013
Business Forecast for FY2013 Rate 1$=80yen 1 €=105yen （Unite：Billions of JPY） FY2013 FY2012 1st H 2nd H Full 1st H 2nd H Full Forecast Forecast Forecast Result Result Result Net Sales 113.0 134.0 247.0 123.0 127.0 250.0 SE 82.5 88.5 171.0 84.4 83.1 167.5 FE 5.0 18.0 23.0 14.4 18.2 32.6 MP 25.0 27.0