Daifuku Co., Ltd. · TSE:6383
Daifuku — Q1 FY2020 Earnings Presentation
17 slides from Daifuku's earnings presentation, Aug 6, 2020
Slide 1: Consolidated Financial Results
Consolidated Financial Results First Quarter of the Fiscal Year Ending March 31, 2021 (April 1, 2020 - June 30, 2020) August 6, 2020 DAIFUKU CO., LTD.
Slide 2: Fiscal 2020 Q1 Highlights
Fiscal 2020 Q1 Highlights (April 1, 2020 - June 30, 2020) 1 ✓ Sales remained favorable, underpinned by an extensive order backlog from the end of fiscal 2019. ✓ Operating income reflected the increased sales and improved profitability in systems for manufacturers and distributors in Japan. (Billion
Slide 3: FY2020 Q1 Results (Consolidated)
FY2020 Q1 Results (Consolidated) 2 (Billion yen) FY2019 Q1 FY2020 Q1 Year-on-year results results Orders 100.46 104.90 +4.4% ✓ Achieved increased sales and Net sales 96.16 113.96 +18.5% income. Operating income 6.42 9.02 +40.5% Ordinary income 6.55 9.87 +50.8% Net income attributable to shareholders
Slide 4: Results by Segment
Results by Segment 3 (Billion yen) Orders Net sales Segment income (Net income attributable to (Orders from outside customers) (Sales to outside customers) shareholders of the parent company) ✓ Daifuku: FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 Income benefited from increased profi
Slide 5: Consolidated Balance Sheets
Consolidated Balance Sheets 4 (Billion yen) FY2019 FY2020 Q1 Change FY2019 FY2020 Q1 Change Current assets 319.68 331.06 11.38 Current liabilities 138.69 151.37 12.67 ✓ Total assets: Cash on hand and Notes and accounts in banks 70.90 89.11 18.21 payable 69.09 67.60 -1.49 Increased by ¥12.5 billion N
Slide 6: Consolidated Orders and Sales by Industry
Consolidated Orders and Sales by Industry 5 (Billion yen) Orders Sales FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 Industry Orders Composition Orders Composition Sales Composition Sales Composition ✓ Orders and sales were favorable, Automobile, auto parts 13.05 13.0% 15.13 14.4% 12.80 13.3% 18.49 16.2%
Slide 7: Non-Japan Orders (Consolidated)
Non-Japan Orders (Consolidated) 6 (Billion yen) 70% 70% 70% 5.8 64% 100.0 1.7 6.8 Ratio to net orders 4.4 6.5 Other 60.4 3.2 4.0 Europe 3.0 57.9 Asia 36.9 37.3 North America Ratio to net sales 35.6 20.5 20.4 26.1 0.0 FY2017 Q1 FY2018 Q1 FY2019 Q1 FY2020 Q1 Non-Japan Total 103.7 89.7 64.1 73.6 © 2020
Slide 8: Orders by Region (Consolidated)
Orders by Region (Consolidated) 7 (Billion yen) FY2017 Q1 FY2018 Q1 FY2019 Q1 FY2020 Q1 Region Orders Composition Orders Composition Orders Composition Orders Composition ✓ Japan: Japan 44.86 30.2% 39.38 30.5% 36.32 36.2% 31.22 29.8% New project orders experienced Non-Japan 103.70 69.8% 89.78 69.5%
Slide 9: Non-Japan Sales (Consolidated)
Non-Japan Sales (Consolidated) 8 (Billion yen) 69% 71% 72% 66% Ratio to net sales 3.5 3.5 3.7 Other 3.1 3.4 2.4 2.1 Europe 2.2 33.1 Asia 41.2 40.4 29.8 North America 35.2 Ratio to net sales 22.8 22.1 22.6 FY2017 Q1 FY2018 Q1 FY2019 Q1 FY2020 Q1 Non-Japan Total 58.3 69.2 69.0 75.0 © 2020 Daifuku Co.,
Slide 10: Sales by Region (Consolidated)
Sales by Region (Consolidated) 9 (Billion yen) FY2017 Q1 FY2018 Q1 FY2019 Q1 FY2020 Q1 Region Sales Composition Sales Composition Sales Composition Sales Composition ✓ Japan and North America: Japan 26.74 31.4% 28.01 28.8% 27.12 28.2% 38.87 34.1% Sales remained favorable. Non-Japan 58.31 68.6% 69.26
Slide 11: Service Sales (Consolidated)
Service Sales (Consolidated) 10 (Billion yen) %: Ratio to net sales 24% 24% 23% 22% ✓ Sales remained almost flat. 23.2 25.5 20.6 22.4 Note: Sales in the service business include FY2017 Q1 FY2018 Q1 FY2019 Q1 FY2020 Q1 maintenance, retrofitting, and remodeling work for products and systems Daifuku de
Slide 12: FY2020 Forecast (Consolidated)
FY2020 Forecast (Consolidated) 11 (Billion yen) FY2020 H1（Forecast） FY2020 FY2019 Announced Revised on FY2019 H1 on May 12, August 6, Year-on- Forecast Year-on- 2020 year year 2020 Orders 214.32 240.00 200.00 -6.7% 483.18 480.00 -0.7% ✓ The FY2020 H1 orders Net sales 208.73 212.00 212.00 +1.6% 443.6
Slide 13: Quarterly Orders and Sales (Consolidated)
Quarterly Orders and Sales (Consolidated) 12 (Billion yen) Orders Sales Orders forecast for the ✓ Orders are likely to be 148.5 145.0 second half of FY2020 140.6 280.0 influenced by a number of 129.1 128.7 120.8 123.7 Sales forecast for the delays and postponements 118.1 119.9 second half of FY2020
Slide 14: Order Backlogs (Consolidated)
Order Backlogs (Consolidated) 13 (Billion yen) 417.9 ✓ Order backlogs remained at a 401.9 397.9 388.8 385.9 high level. 373.6 377.7 358.5 358.4 362.7 346.4 346.4 326.8 314.5 314.0 294.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2017 FY2018 FY2019 FY2020 © 2020 Daifuku Co., Ltd.
Slide 15: Impact of COVID-19
Impact of COVID-19 14 ✓ Many of the systems the Daifuku Group provides are positioned as “essential businesses” that build infrastructure indispensable for social activities. Taking appropriate steps against the COVID-19 pandemic, the Group continued its business activities. ✓ Some business activiti
Slide 16: Disclosure of Climate Change Information Based on the TCFD Recommendations
Disclosure of Climate Change Information Based on the TCFD Recommendations 15 We analyzed the impact of climate change on our operations with two scenarios for a rise in temperature. In both cases, while business costs will increase, we expect growth in demand for our products and services that exce
Slide 17: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m