Lg Chem Ltd. · KRX:051910
Lg Chem — Q4 2011 Earnings Presentation
15 slides from Lg Chem's earnings presentation, Jan 31, 2012
Slide 1: 4Q 2011 Business Results & Outlook
4Q 2011 Business Results & Outlook Jan 31, 2012
Slide 2: The business results for the forth quarter of 2011 currently under audit review are
The business results for the forth quarter of 2011 currently under audit review are presented here for investors’ convenience. Hence, please be advised that some of their contents may be altered in the course of audit. Forecasts and projections contained in this material are based on current busines
Slide 3: Table of Contents
Table of Contents Yearly Business Results 1 4Q 2011 Business Results 2 Divisional Results & Outlook 4 2012 Business Plan 6 Appendix 8
Slide 4: Yearly Business Results
Yearly Business Results (Unit: KRW) 22.7tn 19.5tn 2,821bn 2,842bn 15.5tn 14.1tn 12.2tn 2,098bn 10.7tn 1,374bn 1,043bn 500bn '06 '07 '08 '09 '10 '11 OP Sales Sales OP ※ Results from ’06~’08 are converted based on the IFRS without audit for investors’ convenience. 1 //12 12
Slide 5: 4Q 2011 Business Results: Income Statements
4Q 2011 Business Results Income Statements (Unit: KRW bn) Classification ’10.4Q ’11.3Q ’11.4Q YoY QoQ Sales 4,999 5,886 5,605 12.1% ‐4.8% Operating Profits 562 724 507 ‐9.9% ‐30.0% (%) (11.2) (12.3) (9.0) Pre‐tax Income 557 668 508 ‐8.8% ‐23.9% (%) (11.2) (11.3) (9.1) Net Income 437 512 382 ‐12.7% ‐
Slide 6: 4Q 2011 Business Results: Financial Position
4Q 2011 Business Results Financial Position Financial Position Financial Ratios (Unit: KRW bn) Classification ’10 ’11 Change Classification ’10 ’11 Change Asset 12,674 15,292 20.7% Total Liabilities/ 61.6 57.4 ‐4.2%p Cash and Equity (%) equivalents 1,368 1,379 0.8% Borrowings / 26.8 26.0 ‐0.8%p Liab
Slide 7: Divisional Results & Outlook: Petrochemicals
Divisional Results & Outlook Petrochemicals Business results Analysis (Unit: KRW bn) • Analysis 4,589 ▣ Weakened profitability by declined price and inventory losses amid weak seasonality & the global economic downturn 4,172 3,809 28% ‐NCC/PO : Achieved favorable results by increasing premium PO sal
Slide 8: Divisional Results & Outlook: I & E Materials
Divisional Results & Outlook I & E Materials Business results Analysis (Unit: KRW bn) • Analysis ▣ Even though sales increased thanks to customers’ new 1,351 product releases & growing year‐end demand, profitability 1,244 dropped slightly due to one‐off expenses 1,200 ‐Optical : Sales rise propelled
Slide 9: 2012 Business Plan
2012 Business Plan Business Plan Business Strategy (Unit: KRW bn) Petrochemicals : Activate the profitable business and strengthen core business and competence Classification ’11 ’12 Plan • Sustainable profits through the cost leadership, etc ‐ Reducing energy consumption unit, enhancing premium p
Slide 10: 2012 Business Plan: Cash Flow and CAPEX
2012 Business Plan Cash Flow CAPEX (Unit: KRW bn) Key Investments Class Amounts Class Amounts Cash Inflow 3,240 (Unit: KRW bn) Total 2,550 ▣ Petrochemicals 740 From Operating 2,340 ‐ Yeosu : Expansions of acrylate, New / Expansion 1,750 Depreciation 900 Type SAP and CA/EDC ‐ Daesan : Expansions of e
Slide 11: Appendix: Sales & Operating Profit
Appendix Sales & Operating Profit (Unit: KRW bn) 2010 2011 Classification 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 4,423 5,028 5,021 4,999 19,471 5,491 5,700 5,886 5,605 22,682 Operating Profit 652 828 779 562 2,821 835 775 724 507 2,842 Petrochemicals 3,309 3,765 3,768 3,809 14,651 4,293 4,345 4,5
Slide 12: Appendix: Borrowings & Cash Flow
Appendix Borrowings & Cash Flow Borrowings Cash Flow (Unit : KRW bn) (Unit: KRW bn) Classification ’10 ’11 Classification ’10 ’11 Total 2,101 2,527 Beginning Cash 1,107 1,368 (Overseas Subsidiaries) (824) (1,044) 100% 100% Operating/Investing 810 ‐92 KRW Currency 162 475 8% 19% Net Income 2,200 2,17
Slide 13: Appendix: CAPEX Plan & Results
Appendix CAPEX Plan & Results (Unit: KRW bn) Classification ’09 ’10 ’11 Plan ’11 New / Expansion 158 324 762 664 Petrochemicals Maintenance 132 237 263 259 Total 290 560 1,025 923 New / Expansion 472 814 973 992 I&E Maintenance 81 135 223 179 Materials Total 553 948 1,196 1,171 New / Expansion 22 ‐
Slide 14: Appendix: Quarterly Price Trends
Appendix Appendix 분기별 제품가격 Quarterly 추이 Price Trends (Unit:U$/MT) (Unit:U$/MT) 4,458 1,696 4,159 1,600 1,611 3,997 1,526 1,535 1,413 1,320 1,360 1,377 1,375 1,333 1,326 3,214 1,271 1,304 1,253 1,164 1,198 3,310 1,306 1,311 2,728 1,260 1,109 1,275 2,581 1,227 1,255 2,483 1,198 1,139 2,265 2,226 945 1
Slide 15: Appendix: Monthly Price Trends
Appendix Appendix 월별 제품가격 Monthly 추이 Price Trends (Unit:U$/MT) (Unit:U$/MT) 4,498 4,520 4,322 4,355 4,170 1,714 1,693 4,100 4,054 1,683 1,680 3,986 1,645 3,835 3,794 1,523 1,578 1,508 1,505 3,350 1,434 1,383 1,385 1,370 1,398 1,363 1,385 3,100 1,356 1,315 1,314 1,307 1,308 1,315 2,305 2,284 2,293 1,