UBE Corporation · TSE:4208
UBE — Q3 FY2021 Earnings Presentation
24 slides from UBE's earnings presentation, Feb 2, 2022
Slide 1: Financial Results for the 3rd Quarter FY2021
Financial Results for the 3rd Quarter FY2021 Explanatory material February 2, 2022 3rd Quarter: April – December
Slide 2: FY2021 3rd Quarter Consolidated Results
FY2021 3rd Quarter Consolidated Results 2
Slide 3: Scope of Consolidation
3rd Quarter of the FY2021 Scope of Consolidation End of FY2021 End of FY2020 Difference Item 3Q Notes (A) (B) （B) - （A) Number of ＋ UBE Elastomer Co. Ltd. consolidated 66 67 1 ＋ UBE HIGH CO., LTD subsidiaries － Yamaishi Metal Co., Ltd. Number of equity + Mitsubishi UBE Cement Corporation method 26 2
Slide 4: Environmental Factors: Naphtha Material Price
3rd Quarter of the FY2021 Environmental Factors FY2020 3Q FY2021 3Q Difference Item (A) (B) (B) - (A) Exchange Rate Yen/$ 106.1 111.1 5.0 CIF $/ｔ 363 673 310 Naphtha Domestic Yen/KL 28,800 53,900 25,100 Material Price Benzene (ACP) $/ｔ 427 977 550 Australian $/ｔ 77.3 156.5 79.3 Coal (CIF) Yen/t 8,19
Slide 5: Major P/L Items
3rd Quarter of the FY2021 Major P/L Items (Billions of yen) FY2020 3Q FY2021 3Q Difference Percentage Item (A) (B) (B) - (A) change 438.9 476.6 37.6 － *1 Net sales 538.6 99.6 22.7% Operating profit 13.8 32.8 19.0 137.5% Ordinary profit 10.5 30.6 20.0 189.6% Profit attributable to 8.9 18.0 9.1 101.7%
Slide 6: Net Sales and Operating Profit by Segment
3rd Quarter of the FY2021 Net Sales and Operating Profit by Segment (Billions of yen) FY2020 3Q FY2021 3Q Difference Percentage Segment (A) (B) (B) - (A) change 179.7 247.6 67.9 － Chemicals *1 254.8 75.1 41.8% 212.3 161.4 (50.9) － Construction Materials 219.0 6.6 3.1% Net sales 54.5 70.7 16.2 － Mach
Slide 7: Analysis - Total
3rd Quarter of the FY2021 Analysis - Total (Billions of yen) Net sales Difference of operating profit Chemicals 67.9 700.0 476.6 Construction Materials (50.9) Price ※1 2.0 438.9 +37.6 476.6 538.6 Machinery 16.2 合成ゴム 69.0 +99.6 *1 Others 0.1 350.0 Adjustment 4.2 Volume 12.0 カプロラクタム (6.0) － 0.0 22.7%
Slide 8: Analysis - Chemicals
3rd Quarter of the FY2021 Analysis - Chemicals (Billions of yen) Net sales Difference of operating profit Engineering Plastics & Fine Chemicals 40.8 Synthetic rubber 18.7 Price ※1 11.6 247.6 +67.9 254.8 Specialty Products 2.0 合成ゴム 69.0 +75.1 *1 Pharmaceutical 0.4 Volume 10.5 etc カプロラクタム (6.0) － Fixe
Slide 9: Analysis – Construction Materials
3rd Quarter of the FY2021 Analysis – Construction Materials (Billions of yen) Net sales Difference of operating profit Cement and Ready-mixed concrete (61.9) Construction materials and 1.9 Limestone related products Price ※1 (9.3) (50.9) 161.4 69.0 +6.6 Coal 10.7 219.0 *1 Power (1.5) etc Volume 0.8
Slide 10: Analysis - Machinery
3rd Quarter of the FY2021 Analysis - Machinery (Billions of yen) Net sales Difference of operating profit 70.7 Price ※1 (0.3) +16.2 67.9 69.0 +13.4 *1 Volume 0.7 (6.0) － Fixed Cost 24.7% Increased and Others ※2 1.7 Operating profit Total 2.1 +2.1 *1: Including both selling and purchase change *2: In
Slide 11: Operating Profit – Profit attributable to owners of parent
3rd Quarter of the FY2021 Operating Profit – Profit attributable to owners of parent (Billions of yen) FY2020 3Q FY2021 3Q Difference Item (A) (B) (B) - (A) Operating profit 13.8 32.8 19.0 Non-operating income (expenses) (3.2) (2.2) 1.0 Net interests expenses 0.1 0.2 0.0 Share of profit (loss) of en
Slide 12: Consolidated Balance Sheet
3rd Quarter of the FY2021 Consolidated Balance Sheet (Billions of yen) End of FY2020 End of FY2021 3Q Difference Item (A) (B) (B) - (A) Current assets 331.7 361.7 30.0 Fixed assets 437.8 432.1 (5.6) Total assets 769.7 794.0 24.3 Interest-bearing debt 214.7 215.7 1.0 Other liabilities 174.3 200.5 26.
Slide 13: Consolidated Statements of Cash Flows
3rd Quarter of the FY2021 Consolidated Statements of Cash Flows (Billions of yen) Item FY2020 3Q FY2021 3Q Profit before income taxes 28.0 Depreciation and amortization 27.1 A.Cash flows from operating activities 38.6 16.8 Increase / Decrease in working capital (31.9) Income taxes paid (5.0) etc. B.
Slide 14: Reference
Reference 14
Slide 15: Analysis of Operating Profit by Segment
Reference: 3rd Quarter of the FY2021 Analysis of Operating Profit by Segment （Billions of yen） Operating profit Segment Fixed cost FY2020 3Q FY2021 3Q Difference Price Volume and others (A) (B) (B) - (A) *1 *2 Chemicals 1.5 26.0 24.4 11.6 10.5 2.4 Construction Materials 11.0 3.5 (7.5) (9.3) 0.8 0.9
Slide 16: Progress of Major P/L Items
Reference: 3rd Quarter of the FY2021 Progress of Major P/L Items (Billions of yen) FY2020 Results (A) FY2021 Forecasts (B) Difference (B) - (A) Item 3Q 3Q 3Q Progress Progress 438.9 476.6 Net sales 613.8 635.0 21.1 37.6 71.5% 75.1% 13.8 32.8 Operating profit 25.9 39.0 13.0 19.0 53.4% 84.2% 10.5 30.6
Slide 17: Net Sales
Reference: 3rd Quarter of the FY2021 Net Sales (Billions of yen) FY2021 Full-year Segment Progress (forecast) 1Q 2Q 3Q 4Q Total Chemicals 76.7 80.6 90.2 － 247.6 322.0 76.9% Construction Materials 48.7 57.0 55.6 － 161.4 217.0 74.4% Machinery 21.4 23.9 25.4 － 70.7 100.0 70.8% Others 0.8 0.7 0.8 － 2.4
Slide 18: Operating Profit
Reference: 3rd Quarter of the FY2021 Operating Profit (Billions of yen) FY2021 Full-year Segment Progress (forecast) 1Q 2Q 3Q 4Q Total Chemicals 7.6 6.9 11.4 － 26.0 28.0 93.0% Construction Materials 0.6 1.3 1.4 － 3.5 6.0 58.5% Machinery 0.7 1.6 0.8 － 3.2 5.0 64.1% Others 0.0 0.1 0.1 － 0.3 0.4 92.5%
Slide 19: 3Q on 2Q － Net Sales
Reference: 3rd Quarter of the FY2021 3Q on 2Q － Net Sales （Billions of yen） FY2021 FY2021 Difference Segment 2Q 3Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 5.6 Synthetic rubber 1.2 Chemicals 80.6 90.2 9.6 Specialty Products 1.3 Pharmaceutical 0.1 etc. Cement and Ready-mi
Slide 20: 3Q on 2Q － Operating Profit
Reference: 3rd Quarter of the FY2021 3Q on 2Q － Operating Profit （Billions of yen） FY2021 FY2021 Difference Segment 2Q 3Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 2.1 Synthetic rubber 1.9 Chemicals 6.9 11.4 4.5 Specialty Products 1.3 Pharmaceutical (0.7) etc. Cement and
Slide 21: Consolidated Key Indicators
Reference: 3rd Quarter of the FY2021 Consolidated Key Indicators (Billions of yen) FY2021 full-year FY2020 Item FY2020 3Q FY2021 3Q (forecast) full-year Capital investment 24.7 23.6 44.0 37.1 Depreciation and amortization 27.1 27.1 36.0 36.3 Research and development expenses 8.3 8.5 12.5 11.4 Adjust
Slide 22: Consolidated Major Subsidiaries
Reference: 3rd Quarter of the FY2021 Consolidated Major Subsidiaries (Billions of yen) Difference of Net Sales operating Subsidiaries and affiliates Business profit from FY2021 3Q FY2020 3Q Manufacture and sales of nylon, caprolactam, ammonium sulfate and fine UBE Corporation Europe, S.A. Unipersona
Slide 23: IR Calendar
Reference: IR Calendar Announcement of FY2021 Business Results and Related Presentations Announcement of FY2021 Business Results • May 12, 15：00 Telephone Conference for FY2021 Business Results • May 12, 18：00 － 19：00 FY2022 Management Overview Briefing • May 19, 10：00 － 11：30 (Note) This schedule i
Slide 24: Forward-looking statements disclaimer
This presentation material contains forward-looking statements concerning UBE’s future plans, strategies, and performance. These forward-looking statements are not historical facts; rather, they represent assumptions and beliefs based on economic, financial, and competitive conditions currently obse