2004 Financial Results Review Meeting. Bridgestone Corporation February 18, Financial Results

Transcription

1 Financial Review Meeting Bridgestone Corporation February 18, Financial 2

2 Consolidated Financial (Billions of yen) As of Aug Forecast 2, , ,370.0 Ordinary income Yen / US Dollar Yen / Euro Change Factors in Operating Income Billions of yen results Forex -6.0 Natural rubber Other materials Depre -ciation billion Pension costs +8.0 Price Volume Mix,etc results 4

3 Non-consolidated Financial (Billions of yen) As of Aug. 04 Ordinary income Forecast Yen / US Dollar Yen / Euro BSA Financial (Millions of dollars) As of Aug , , x 2.4 Forecast 8,

4 BSEU Financial (Millions of euro) As of Aug ,127 2, Forecast 2, Financial Projections 8

5 2005 Consolidated Financial Projections (Billions of yen) Ordinary income Extra loss / (gain) Yen / US Dollar Yen / Euro 2, Projection 2, (76.0) Change Factors in Operating Income Billions of yen results Forex -8.0 Natural rubber -6.0 Other materials Depreciation billion Pension costs +2.0 Price Volume Mix,etc projections 10

6 2005 Non-consolidated Financial Projections (Billions of yen) Ordinary income Extra loss / (gain) Yen / US Dollar Yen / Euro Projection (69.0) BSA Financial Projections (Millions of dollars) 2005 Projection 9, ,

7 2005 BSEU Financial Projections (Millions of euro) 2005 Projection 2,325 2, Dividends (Yen per share) 2005 (Projection) Interim dividend Year-end dividend Total 8 (*) (*)Proposed at the 86 th Ordinary General Meeting of Shareholders held on March 30,

8 Repurchase and Retirement of Shares Repurchase of of Shares From 2003 to to 59,275 thousand shares, Approx billion yen yen 2005 (Plan): Up Up to to the the lower of of million shares or or billion yen yen (Proposed at at the the 86th 86th Ordinary General Meeting of of Shareholders) Retirement of of Shares (decided at at the the board board meeting held held on on February 18, 18, 2005) 2005) Number of of shares to to be be retired: million shares (Approx billion yen) yen) Expected date date of of retirement of of shares: February 23, 23, Management Issues 16

9 Influence of Raw Material Price Increase (consolidated) Natural rubber Other raw materials (Year-on-year increase : billions of yen) Total Total Emphasis on Strategic Growth with a Focus on Quality Purposes of Investments Improve manufacturing capability for high performance tires, large rim diameter tires, and runflat tires in industrialized markets Increase capacity to satisfy the increasing demand in emerging markets Increase capacity to meet demand for truck and bus tires Secure supply sources for strategic raw materials to support our growing tire production capacity 18

10 Global Tire Demand Forecast (million units) 1,600 1,400 1,200 1, % growth annually from 1995 to % gowth annually from 2002 to 2008 (forecast) Japan China Asia N.America Latin America Europe Other Source: LMC International 19 Emerging markets Demand Outperforms Industrialized Markets Demand Increase in Areas (1995=100) Asia excl. Japan Latin America N.America, Europe and Japan Source: LMC International 20

11 Passenger car and Light Truck Tires Action Plan: Strategic Growth with a Focus on Quality Serving high-performance and large rim diameter tires Serving demand increase 21 Capacity Expansion for High-Performance and Large Rim Diameter Tires for Passenger Cars and Light Trucks Numbers show the unit per day increase since 2003 (in thousand) 13.0 Poland 12.0 (BIRD) Japan Mexico 8.0 (BIRD) South Africa 1.7 Estimated production capacity: million units / year (in 2008 compared to 2003) 22

12 Capacity Expansion for Demand Increase for Passenger Cars and Light Trucks Numbers show the unit per day increase since 2003 (in thousand) China Tianjin 3.0 Wuxi 8.0 Thailand Bekasi Karawang Latin America Indonesia 9.0 Costa Rica 8.0 Brazil Estimated production capacity: million units / year* (in 2008 compared to 2003) *Including capacity increase for general use tires followed by production shift to high-performance tires in Japan 23 Capacity Expansion for Truck and Bus Tires Numbers show the unit per day increase since 2003 (in thousand) China 1.1 Spain Shenyang 2.5 Japan 0.3 For Off-the-Road 1.3 For Truck and bus Thailand 5.0 Brazil 0.6 Estimated production capacity: +3.7 million units / year (in 2008 compared to 2003) 24

13 Promote Raw Material Supply Sources Europe China Steel Cord Natural Steel Rubber Cord Processing Japan North America Steel Synthetic Textiles Cord Rubber Africa Rubber Estate Thailand Steel Cord Steel Cord Natural Carbon Rubber Black Processing Carbon Black Rubber Estate Rubber Estate Indonesia New plant / Newly acquired facility in Strategic Investments: Tire Production and Raw Material Supply Sources ( ) (billions of yen) High-performance and large rim diameter tires 88 (including capacity expansion of runflat tires) Demand increase in emerging markets 49 Capacity expansion of truck and bus tires 50 (including capacity expansion of off-the-road tires) Supply sources for raw materials 40 Total 227 (incl ) 26

14 Bridgestone Group Consolidated Capital Expenditure (Billions of yen) Capital Expenditure Depreciation Bridgestone Group Global Tire Production Production volume (new rubber ton in thousand) 2,000 4% growth annually from 1995 to 4% growth annually from to 2008 (forecast) 1,500 1, Japan Americas Europe Others 28

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