Ushio Inc. · TSE:6925

Ushio — Q3 FY2021 Earnings Presentation

30 slides from Ushio's earnings presentation, Feb 3, 2022

  1. Slide 1: Third Quarter FY2021 Financial Results

    Third Quarter FY2021 Financial Results Ushio Inc. February 3, 2022 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual result

  2. Slide 2: 3Q FY2021 Overview

    3Q FY2021 Overview ■ Net Sales and Earnings Increased to YoY for 3Q FY2021 (Result) ■ Earnings Increased to YoY for FY2021 (Full-year Forecast) ■ FY2021 Annual Dividend per Share (Plan) : Revised by JPY 24 yen up to JPY 50 yen from 26 yen Copyright © 2008 Ushio Inc. All rights reserved 2

  3. Slide 3: Agenda

    Agenda I. Financial Results for 3Q FY2021 II. Full-year Forecast for FY2021 III. Supplementary Information Copyright © 2008 Ushio Inc. All rights reserved 3

  4. Slide 4: Highlights of Financial Results for 3Q FY2021

    Highlights of Financial Results for 3Q FY2021 Net Sales : 109.7 billion yen (+27.2 billion yen YoY, +33.1%) - Optical Equipment: Sales increased by semiconductor-related demand increase - Light Source Business and Imaging Equipment: Sales increased due to recovery trend from COVID-19 Operating Incom

  5. Slide 5: Summary of Financial Results

    Summary of Financial Results FY20 FY21 YoY comparison （billion yen) 3Q 3Q Changes ％ Net Sales 82.4 109.7 ＋27.2 +33.1 Operating Income ▲0.4 10.8 +11.2 － Operating Income (%) ▲0.5 9.9 +10.3P － Ordinary Income 1.6 12.5 +10.8​ +641.5 Profit Attributable to Owner of Parent ▲1.0 10.1 +11.2 － EPS (yen) ▲8.

  6. Slide 6: YoY Variation Analysis of Operating Income

    YoY Variation Analysis of Operating Income (billion yen) ＋1.5 ▲0.5 ＋0.6 10.8 ＋3.1 Fixed cost increase Others (manpower cost) including SGA Imaging Equipment (mainly impact of net sales up/down) ＋2.3 Optical Equipment ＋3.7 (mainly impact of net sales up/down) Others, effect of revenue increase ▲0.4 ＋

  7. Slide 7: Financial Results by Business Segments

    Financial Results by Business Segments Net Sales Operating Income YoY comparison YoY comparison 82.4 109.7 +27.2 ▲0.4 10.8 +11.2 billion yen billion yen billion yen billion yen billion yen billion yen 12.0 120.0 Others Others +0.5 billion yen 0.0 2.4 10.0 +0.0 billion yen 100.0 3.5 28.7 Imaging 8.0

  8. Slide 8: Business Environment

    Business Environment ■Common ・ A partial business was suffered from world-wide supply chain confusion such as lack of semiconductor-related materials and logistics disruption, despite of having taken measures ・ COVID-19 Omicron variant impacted to a partial business but market remained in recovery t

  9. Slide 9: Light source business

    Light source business UV lamp sales comparison to FY2020（YoY） ◇ UV lamp (+2.1 billion yen, +24%) FY20 FY21 YoY comparison ・Sales increased, as LCD panel production remained strong ・Demand stayed steady for semiconductor and electronic components markets 3Q 3Q Changes ％ ◇ Lamps for cinema (+2.9 billi

  10. Slide 10: Equipment business: Optical equipment, Imaging equipment

    Equipment business Optical equipment FY20 FY21 YoY comparison Sales comparison to FY2020 (YoY) （billion yen） 3Q 3Q Changes ％ ◇ UV equipment (+4.5 billion yen, +29%) ・Sales increased of Large field stepper for latest IC package and Direct imaging equipment for printed circuit boards Net Sales 25.8 35

  11. Slide 11: Full-year Forecast for FY2021

    I. Financial Results for 3Q FY2021 II. Full-year Forecast for FY2021 III. Supplementary Information Copyright © 2008 Ushio Inc. All rights reserved 11

  12. Slide 12: Summary of Financial Results FY21

    Summary of Financial Results FY21 FY21 Forecast FY21 FY20 Changes Revision on (billion yen) New Revision 2021.11.2 Changes 3Q Achievement rate (%)* Result from new revision Changes (%) Net Sales 150.0 150.0 - 109.7 73.1 118.5 +31.4 +26.5 Operating Income 12.5 11.0 +1.5 10.8 86.5 0.7 +11.7 - Operatin

  13. Slide 13: Financial Results by Sub-segment

    Financial Results by Sub-segment FY21 (Full-year Forecast) FY21 Reason for revision / Achieve New Revision on Comment on 4Q business environment （billion yen) Revision 2021.11.2 Changes 3Q -ment rate (%)* Net Sales 58.0 58.0 - 43.2 74.5 Light source Light 【Reason for revision】 source Operating Incom

  14. Slide 14: Update on Latest Business Environment for Imaging-Related Business

    Update on Latest Business Environment for Imaging-Related Business （as of February 3 , 2022) rd Cinema-related market: Moves toward steady recovery worldwide, despite of movie theater operation regulation in some area due to COVID-19 resurgence ・More than 80% Movie theaters have resumed as COVID-19

  15. Slide 15: Latest Status of Promising Products: Optical Equipment

    Latest Status of Promising Products: Optical Equipment Due to demand increase and technology evolution with IoT and 5G progress, high operation and positive business investment Product Latest Status and Comment after 2H Sales Forecast • Continuous growth of IC package market. Orders and inquiries La

  16. Slide 16: Latest Status of Promising Products: Care222

    Latest Status of Promising Products: Care222 as disinfection and Virus Inactivation Solution ・Due to delay of UL certification, sales recovery delayed and performed below expectation ・Toward to next fiscal year, strengthening awareness and spreading the safety of UV rays are key points ・ UL certific

  17. Slide 17: Shareholders Return

    Shareholders Return Dividend per share FY2021 annual dividend (plan) : revised by 24 yen up to 50 yen (revised this time) Dividend policy : stable return of profits Dividend (JPY) 56.3 54.8 Payment ratio (%) 47.2 40.1 35.5 33.2 31.6 50 30.3 30.2 50 27.8 26 24 24 26 26 26 26 22 22 FY11 FY12 FY13 FY14

  18. Slide 18: Supplementary Information

    I. Financial Results for 3Q FY2021 II. Full-year Forecast for FY2021 III. Supplementary Information Copyright © 2008 Ushio Inc. All rights reserved 18

  19. Slide 19: Care222 as Disinfection and Virus Inactivation Solution

    Care222 as Disinfection and Virus Inactivation Solution FY2022 Press release on Care222 ■ Intellego Technologies AB and Ushio America, Inc. Complete Technology Evaluation and Announce Collaboration for 222nm Dosimeter Products Release announced on December 15, 2021： https://www.ushio.com/intellego-t

  20. Slide 20: EUV Light Source for Mask Inspection

    EUV Light Source for Mask Inspection Mask Inspection equipment EUV light source for next- Sale manufacturer/ Semiconductor device generation semiconductor Maintenance Research & development manufacturers mass-production process institution Development, Production, Sales Increase EUV light source nee

  21. Slide 21: Sales Expansion of Exposure Equipment for Latest IC Package Substrates

    Sales Expansion of Exposure Equipment for Latest IC Package Substrates Cutting-edge & Next generation package demand expansion With IoT evolution, demand increased for servers for data centers processing high capacity and high speed data processing Large Field Stepper（UX-5） Equipment Package substra

  22. Slide 22: Direct Imaging (DI) Exposure System

    Direct Imaging (DI) Exposure System Print-wired board demand increasing As 5G progressed as application innovation Innovation of each application and demand increasing Data Center Direct Imaging Print-wired board Base Station Board Exposure System Equipment Package substrate Sales Mounting Lower Dem

  23. Slide 23: Reference: Summary of Quarterly Financial Results

    Reference: Summary of Quarterly Financial Results FY20 FY21 YoY comparison (billion yen) 1Q 2Q 3Q 4Q 1Q 2Q 3Q Changes ％ Net Sales 23.6 28.3 30.4 36.1 34.9 36.6 38.1 +7.7 +25.4 Operating Income ▲0.7 ▲0.3 0.6 1.1 2.5 3.9 4.2 +3.5 +543.7 Operating Income (%) ▲3.1 ▲1.1 2.2 3.2 7.4 10.9 11.1 +9.0P － Ordi

  24. Slide 24: Reference: Quarterly Financial Results by Business Segments

    Reference: Summary of Quarterly Financial Results by Business Segments FY20 FY21 YoY comparison (billion yen) 1Q 2Q 3Q 4Q 1Q 2Q 3Q Changes ％ Net Sales 10.4 10.5 11.6 13.0 13.6 14.3 15.2 +3.5 +30.4 Light Operating Income 0.4 0.1 0.7 1.7 1.9 2.5 2.4 +1.6 +215.5 source Operating Income (%) 4.6 1.8 6.8

  25. Slide 25: Reference: Sales Ratio by Region

    Reference: Sales Ratio by Region Others 0.7% FY20_3Q Japan North America Asia Europe Net Sales 82.4 27.9% 17.6% 45.9% 7.9% billion yen FY21_3Q Japan North America Asia Europe Net Sales 109.7 27.2% 17.5% 46.3% 7.6% billion yen Others 1.4% Copyright © 2008 Ushio Inc. All rights reserved 25

  26. Slide 26: Reference: R&D Expenses/Capital Expenditures and Depreciation

    Reference: R&D Expenses/Capital Expenditures and Depreciation R&D Expenses（billion yen） Capital Expenditures (billion yen) Ratio of R&D Expenses to net sales (%) Depreciation (billion yen) 8.5 7.9 8.2 8.0 8.0 7.3 7.1 6.8 6.9 6.7 6.7 6.2 6.4 6.1 5.0 11.0 10.0 3Q 3Q 3Q 3Q 10.6 10.1 10.1 Result Result

  27. Slide 27: Reference: Balance Sheet

    Reference: Balance Sheet Asset (billion yen) Liabilities/Total Net Equity (billion yen) Changes Changes 304.7 +14.4 290.2 304.7 +14.4 290.2 +4.8 Notes and AP 21.2 +9.8 Cash and Bank Deposits 16.3 +9.9 Other Current Liabilities 83.5 31.6 41.5 73.6 ▲14.2 Long-term Liabilities 31.0 16.8 ▲1.0 Marketable

  28. Slide 28: Reference: Cash Flow

    Reference: Cash Flow (billion yen) +19.0 ▲2.3 ▲10.2 +2.2 79.1 70.4 +8.5 ▲0.3 +2.4 ▲1.6 68.1 Investing 59.0 Activities Financing Effect of Effect of Operating Financing Activities Exchange Operating Investing Exchange Activities Activities rate change Activities Activities rate change Free Cash Flow

  29. Slide 29: Glossary

    Glossary AI Artificial Intelligence BGA Ball Grid Array COF Chip on Film CoO Cost of Ownership CPU Central Processing Unite DCP Digital Cinema Projector DI Direct Imaging EUV Extreme Ultraviolet Radiation FPD Flat Panel Display GPU Graphic Processing Unit IoT Internet of Things OA Office Automation

  30. Slide 30: Contact: Corporate Planning Department, Ushio Inc.

    Contact: Corporate Planning Department, Ushio Inc. Email: [email protected] https://www.ushio.co.jp/en/ Copyright © 2008 Ushio Inc. All rights reserved 30

Ushio — Q3 FY2021 Earnings Presentation on 6ix