0/25 IR Conference 2017/5/10 - · PDF fileJPY 142.2 bn Dec 2017 ... DMF 600 linear DMU 50 3rd...

0/25 IR Conference2017/5/10


Agenda

1)Financial summary of 1st quarter

2)Business environment

3)Topics from DMG MORI


Key messages

�Strong order intake in Q1(YoY +8.9% in JPY：+14.4% in EUR basis)

� JPY 4bn Operating profit in the 1st quarter (YoY +78%)

�Robustness in Europe, high level in the US, recovery in China, bottoming out in Asia

�Continued profit of US subsidiary

�Pfronten Open House (Feb) and CIMT in Beijing (Apr)

�Actualization of clean-up effect of non-core business

�Responding to social demands as an industry leading company


2017 Q1 income statement summary

2016 2017 Changes FY2017

(JPY bn) Jan – Mar Jan – Mar (%) Forecast

Sales revenue 95.4 97.2 +1.9% 380

Operating profit 2.3 4.0 +77.6% 22

Operating profit margin (%) 2.4% 4.1% 5.8%

Net financial cost -0.6 -1.1 -4（economic compensation associated with DA） - -0.5 (-2)

Net profit for the quarter 1.6 1.6 +0.3% 12

Attributable to owners of the parent company

0.8 1.6 11

D&A 4.3 4.4 17Capex 2.9 1.6 10

(Forex) USD/JPY 115.5 113.7 110.0 EUR/JPY 127.2 121.1 120.0


2340

+27

+12

+3 -7

-9

-9

CY2016.Q1 CY2017.Q1

2016.1Q 2017.1QUSD/JPY 115.5 113.7EUR/JPY 127.2 121.1

CY2017.Q1 Operating profit bridge-vs CY2016.Q1

(JPY 100m)

thereofUS subsidiary

+22

volume

Cost savings(synergies) ForexClean-up of

non-core biz

R&D etc.(Incl. acq. of Realizer GmbH)

Cost increasein US

Net improvement in US+13

+42 -25

US headcountMar. 2016 692Mar. 2017 823


40 42

66 64

66 65

137 134

122 121

51 53

76 71

50 50

51 52

93 91

100 95

207 213

56 49

Financial position

Assets Liabilities & Equity

Short - termFinancial assets

Inventories

Receivables

Fixed assets

Goodwill

Intangibles

Payables

Debt

Other liabilities

Obligation of AG share purchase

Shareholders equity

Hybrid equityOther assets

Dec 2016 Dec 2016Mar 2017 Mar 2017

Net Debt

Dec 2016

JPY 130.8bn

Mar 2017

JPY 142.2bn

Dec 2017

JPY 115bn

JPY 558bn JPY 558bnJPY 551bn JPY 551bn


(JPY bn)2016 2017

Q1 Q2 Q3 Q4 CY Q1

Cash flows from operation -11.9 -1.4 -3.2 34.6 18.2 -7.8

Profit before taxes 1.6 0.7 -1.6 -1.9 -1.1 2.9

Depreciation and amortization 4.3 4.1 3.9 5.3 17.7 4.4

Changes in working capital -10.4 -8.3 -3.4 18.0 -4.1 -10.2

Others -7.4 2.1 -2.1 13.2 5.7 -4.9

Cash flows from investing activities

-2.9 -3.8 -2.8 -0.5 -10.0 -2.1

(Thereof, acquisition of fixed assets) -2.9 -4.2 -2.5 -5.6 -15.2 -1.6

Free cash flows -14.8 -5.2 -6.0 34.1 8.1 -9.9

Cash flows


Agenda





Worldwide machine tool demand forecast(YoY growth for 2017; VDW/ Oxford Economics)

Europe: + 4.0%Europe: + 4.0% USA: +0.5%USA: +0.5%Asia: + 3.5%Asia: + 3.5%

+3.7%

+3.9%

+4.9%

+2.2%

+0.9% +0.5%

+1.0%

+6.8%+2.4%(?)

+2.9%

World: + 3.2%World: + 3.2%

(+1.9%)

Upper side : forecast as at Apr 2017Lower side ：：：：forecast as at Oct 2016

(+2.1%)Source :VDW/ Oxford Economics

Published on Apr 12, 2017, without exchange rate effects

(+1.4%)

(+3.3%)

(-5.9%)

(+2.9%)

(+6.9%)

(+0.0%)(+12.5%)

(+0.0%)

(+7.7%)


831 775

680 720

763

928 920

844

1,022 1,055

920

1,063

972

1,081

931 892

949 904 880 898

1,034

799 753

691 684 625

719 702

617

726 753

668

743 725

806

684 671

746 741 770 762

854

0

200

400

600

800

1,000

1,200

0

200

400

600

800

1,000

1,200

Jan-MarCY12

Apr-Jun Jul-Sep Oct-Dec Jan-MarCY13





79.3 80.2 78.6 81.2 92.4 98.8 99.0 100.5 102.8 102.2 103.9 114.5 119.1 121.4 122.2 121.5 115.5 108.2 102.4 109.3 113.7

104.0 102.9 98.4 105.3 122.0 129.0 131.1 136.7 140.8 140.1 137.8 143.1 134.2 134.2 136.0 133.0 127.2 122.0 114.3 117.8 121.1

(EUR mm)（JPY 100mm）

DMG MORI quarterly consolidated order intake

Exchange(JPY)

USD

EUR

Year-on-YearJPY basis +8.9%

EUR basis +14.4%Left-axis■： JPY basis Right-axis■： EUR basis


Japan

Europe

N. America

S. America

China

Asia(ex. China)

CY2016 CY2017 CY2017(As at Feb 2017) (As at May 2017)

Overview (by region & by industry)

Down Flat UP

Region Industry

Down Flat UP Down Flat UP

CY2016 CY2017 CY2017(As at Feb 2017) (As at May 2017)

Down Flat UP Down Flat UP Down Flat UP

Automobile

Aerospace

Machinery

Medical

Die & Mold

Energry

Construction

Electronics


1,141

1,273 1,211

1,053

1,248

1,500 1,498

1,704 1,598

1,513

1,396 1,296 1,316

1,496

1,690

1,386 1,391 1,326

1,249

836 871

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1Q

CY2012 CY2013 CY2014 CY2015 CY2016 CY2017

Consolidated stock and production

■：Production ■：Stock(Units)


Left axis■： JPY basis Right axis■： EUR basis*machine body only

Consolidated order intake - average price

(MM JPY) (T EUR)

USD/JPY

EUR/JPY

CY

34% 36% 38%

CY2016CY2014CY2012 CY2017.1Q

43%

23% 24% 26%19%

27% 29% 25%27%

16% 12% 11%11%

32% 31% 33% 38%

2% 5% 5% 5%

CMX V seriesVertical Machining CenterTurning Center

Milturn Center

5-axis Machine

AdvancedTechnologies

HorizontalMachining Center


20%

36%8%

8%

3%

14%

12%

Order trend by region(Consolidated machine order intake)

CY2017.1QCY2016

アジア

USA

Japan

China

Germany

EMEA*RussiaAsia

Americas

*Europe, the Middle East and Africa

54%

13%

19%

14%

20%

34%6%

7%

2%

16%

14%

USA

Japan

China

Germany

EMEA*RussiaAsia

Americas

Approx. 50%

* Value basis* Machine body only


36%

27%

12%

2%

9%

7%

1%

1%

2%

3%

24%

18%

17%

11%

11%

8%

1%5%

1%

4%

26%

19%

19%

8%

8%

8%

2%5%

1%

5%

Order composition (by industry)*Small and medium-sized enterprises


CY2017.1QCY2016

Japan

Global

Energy/Power generation

Machinery

Automotive/Motor Cycle

SMEs*

Aerospace

Die & Mold

Electricity/Precision parts/Semi conductor

Medical

Others

Construction machinery

42%

26%

12%

3%6%

5%

3%

1%

1%

1%

Energy/Power generation

Machinery


SMEs*

AerospaceDie & Mold

Electricity/Precision parts/Semi conductor Medical

Others

Constructionmachinery

MedicalEnergy/

Power generation


Aerospace

Others

Die & Mold


SMEs*


Machinery

MedicalEnergy/

Power generation


Aerospace

Others

Die & Mold


SMEs*


Machinery


1%23%

12%

24%6%

34%

5%

33%

11%25%

1%

9%

16% 5%

38%

11%

27%

4%

15%

Order composition (by product type)

5-axisMachine

Millturn Center HorizontalMachining Center

Advanced TechnologiesVertical Machining Center

Turning Center

5-axisMachine

Millturn CenterHorizontal

Machining Center

Vertical Machining CenterTurning Center

Advanced Technologies

CMX V series

CMX V series(From Sep 2016)

ECOLINE

CY2017.1QCY2016

Japan

Global

1%14%

11%

29%2%7%

36%

5-axis Machine

Millturn Center




CMX V series (From Sep 2016)

ECOLINE

5-axisMachine

Millturn Center




CMX V series



Agenda





�Experience the Smart Factory of DMG MORI

Major exhibitions in 2017

Apr 17-22CIMT, Beijig(China)

Feb 14-18DMG MORIOpen House, Pfronten(Germany)

June 20-24DMG MORIOpen House, Iga(Japan)

Sep 18-23EMO Hanover(Germany)

May 15-18DMG MORIOpen House, Chicago(USA)


Launch of DMG MORI Kyoei-kai(dealers association) April 2017 ～～～～

Northern Japan

21

Kita-Kanto

29

Tokai

20

Shuto-ken

29Western Japan

38

Chubu

23

Kansai,Hokuriku

27

DMG MORI Kyoei-kai locations

Total 187 companies

Dealers association Major customers

Ayama Pfronten (49) Mid-sized to multi-natinal companies

DMG MORI Kyoei-kai Local companies

�Establish a dealer network covering all over Japan

Area Sales Manger

Approx. 80 personnel

Customersize

Area

AyamaPfromten-kai

DMG MORIKyoei-kai

wide

large


Open House Pfronten -the largest private show in European market- Feb. 2017

�Over 80 machines exhibited from wide-variety of typ esOrder intake amount YoY +8%

World premiers

Smart Factory

DMU 50 3rd GenerationDMF 600 linear LASERTEC 30 SLM

In-house production spindle SpeedMASTER as standard

CELOS Automation Technology Cycles

Ideal for machining of long workpiecesSupports from 3 axis milling machining to

simultaneous 5 axis machining

Large type machineAdditive Manufacturing

Powder bed system


20%

17%63%

41%

24%

35%

CIMT 2017 in Beijing, April 2017

�Products from our Chinese factory and our latest automation systems are highly appreciated

Order Trends

Automation system proposal

Opening ceremony

China-Tianjin

Japan-Ige、Nara

Germany-SeebachPfrontenBielefeld etc.

Unit basis

＜By plant＞

＜Customer type＞

Chinese subsidiaries of Multinational companies

Chinese localPrivate companies(SMEs*)

Chinese large companies(Incl. state-owned companies)

Tianjin assembled NHC4000 +Round pallet pool

Joined the ribbon cuttingDMG MORI set up a booth in the same area as European companies

Unit bases

*Small and medium-sized enterprises


5-axis machine DMU 50 3 rd Generation

Spindle

� DMU50 further evolved with experience gained from m ore than 10,000 installed machines

TOOL HANDLING

PALLET HANDLING

Adoptable to Automation DMG MORI components

as standard

toolSTAR 、、、、Scale


New product line-up in additive manufacturing

� Powder bed technology is added to our AM portfolio

LASERTEC 30 SLM

Powder bedPowder nozzle

LASERTEC 65 3D

Turbine housing Drill head Dental Implants Impeller

Melting by powder nozzle Method Melting in laminated powder

Prototyping, mass production, repair, coating

ApplicationsPrototype and mass production

High speed AdvantagesHigh accuracy (machined surface),

aluminum processing


0

100

200

300

400

500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015 2016 2017

Order intake status of CMX V series

(Units) ■Dura Vertical ■ ECOLINE(ecoMillV) ■CMX V series

Quarterly order intake (units)

� More options are now available, Quick set-up of peripherals with DMQP

Quick set-up

JPY10m

+

CMX 600 Peripherals

JPY 18m

Automation

Jigs

measuring

Robot

rotarytable

touchprobe

Order

<e.g.>


� Total of brand name, sense of achievements, working environment

Ranked -in among top companies in popularity survey of new graduates

Apr 26, 2017Nikkei newspaperSpecial article

Scope of survey ： about 42,000 new graduates from university/post-graduates in Japan

Ranking by sector

Machinery/Plant 2nd

Ranking by region

Tokai 8th

Other-backgornnds 137th

Science-background 084thApr 29, 2017Weekly magazine ‘Diamond’

Scope of survey ：5,771 new graduates from university/post-graduates in Japan 111th

Nikkei newspaper

Diamond (weekly magazine)male female

TOYOTA

Ichijo Komuten

Denso

Aisin Seiki

Pasco Shikishima

AISIN AW

Resorttrust

DMG MORI

CHUBU Electric Power

Oliver

Mitsubishi Heavy Industries

DMG MORI

IHI

Kubota

Daikin IndustriesNSK

JFE Engineering

Komatsu

YANMARChiyoda

HOSHIZAKI

Ranking by sectorMachinery/Plant Ranking

by regionTokai


Disclaimer

This material contains targets, plans, etc. concerning the future of DMG MORI CO., LTD. and the DMG MORI Group. All predictions concerning the future are judgments and assumptions based on information available to DMG MORI at the time of writing. There is a possibility that the actual future results may differ significantly from these forecasts, due to changes in management policy or changes in external factors.

There are many factors which contain elements of uncertainty or the possibility of fluctuation including, but not limited to, the following:

� Fluctuations in exchange rates� Changes to the laws, regulations and government policies in the markets

where DMG MORI CO., LTD. conducts its business� DMG MORI CO., LTD.’s ability to develop and sell new products in a timely fashion� Instability of governments in the markets where DMG MORI CO., LTD. conducts its

business� Operational changes by the competent authorities or regulations related to anti-trust, etc.

0/25 IR Conference 2017/5/10 - · PDF fileJPY 142.2 bn Dec 2017 ... DMF 600 linear DMU 50 3rd...

Documents

Transcript of 0/25 IR Conference 2017/5/10 - · PDF fileJPY 142.2 bn Dec 2017 ... DMF 600 linear DMU 50 3rd...