Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — Q3 FY2012 Earnings Presentation
16 slides from Ajinomoto's earnings presentation, Jan 31, 2013
Slide 1: Consolidated Results Third Quarter Ended December 31, 2012
Consolidated Results Third Quarter Ended December 31, 2012 1. Overview 2. Financial Position 3. Segment Information January 31, 2013 Ajinomoto Co., Inc. Copyright © 2013 Ajinomoto Co., Inc. All rights reserved.
Slide 2: 1. (1) Overview of Results
1. (1) Overview of Results (¥ Billion) Apr.-Dec. Apr.-Dec. FY2012 Oct.-Dec. Oct.-Dec. YoY Change (Nov. Revised Progress YoY Change 2012 2011 Forecast) 2012 2011 (A) Amount % (B) (A)/(B) Amount % Net sales 890.7 913.9 -23.2 -3% 1,221.0 73% 291.8 309.8 -18.0 -6% Domestic Food Products 321.5 339.7 -18.
Slide 3: 1. (2) Comments on Results for the First Nine Months of FY2012
1. (2) Comments on Results for the First Nine Months of FY2012 Net sales for Oct.-Dec. (hereafter, “Q3”) decreased due to effect of disposal of Calpis shares. Q3 operating income remained at level of same period of previous fiscal year due to improvement in effect of currency translation resulting f
Slide 4: 1. (3) Comments on Results for the First Nine Months of FY2012
1. (3) Comments on Results for the First Nine Months of FY2012 Ordinary income (¥ Billion) < Q3 > ( )= YoY change * None Apr.-Dec. YoY Oct.-Dec. YoY Progress 2012 Change 2012 Change < Apr.-Dec. Cumulative > ( )=YoY change Non-operating * None 4.8 - 57% 2.5 59% income (net) 65.8 86% -6% Ordinary inco
Slide 5: 2. Financial Position
2. Financial Position (¥ Billion) Dec. 31, 2012: Total assets 1,042.7 ¥54.3 billion decrease in total assets from March 31, 2012: *Decrease in assets and liabilities due to disposal of Calpis shares. Current Liabilitie Liabilities *Reduction in the provision for retirement benefits due to the assets
Slide 6: 3. (1) Change by Business Segment
3. (1) Change by Business Segment Net sales (¥ Billion) Oct.-Dec. 2011 309.8 Domestic Food Products -23.1 Effect of Overseas Food Products Currency Translation +2.8 Bioscience Products & Fine Chemicals Overseas Food +2.2 Products: +1.8 Pharmaceuticals Bioscience Products & +0.3 Fine Chemicals: +0.1
Slide 7: 3. (2) Domestic Food Products
3. (2) Domestic Food Products (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2012 2011 Change 2012 2011 Change 321.5 78% 339.7 -18.2 Net sales 95.0 118.1 -23.1 175.1 - 170.9 4.2 Seasonings & processed foods 64.9 63.4 1.5 *1 87.0 - 84.5 2.5 Frozen foods 30.1 29.0 1.1 *2 59.4 - 8
Slide 8: 3. (3) Overseas Food Products
3. (3) Overseas Food Products (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2012 2011 Change 2012 2011 Change 175.3 70% 172.7 2.7 Net sales 60.5 57.7 2.8 142.2 69% 137.4 4.8 Consumer foods 49.1 45.9 3.2 *1 Umami seasonings for 33.1 73% 35.3 -2.1 processed food mfrs. 11.4 11.8
Slide 9: 3. (4) Bioscience Products & Fine Chemicals
3. (4) Bioscience Products & Fine Chemicals (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2012 2011 Change 2012 2011 Change 146.4 71% 145.8 0.5 Net sales 49.4 47.2 2.2 68.9 73% 65.0 3.9 Feed-use amino acids 23.7 21.7 1.9 *1 45.2 - 46.9 -1.7 Amino acids 15.0 14.4 0.6 *2 28.6 -
Slide 10: 3. (5) Pharmaceuticals
3. (5) Pharmaceuticals (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2012 2011 Change 2012 2011 Change 55.9 74% 61.0 -5.2 Net sales 20.0 19.7 0.3 *1 4.6 178% 7.0 -2.4 Operating income 2.8 1.5 1.3 *2 -1.4 80% -1.4 -0.1 Shared companywide expenses -0.4 -0.4 -0.0 *1 Increase in Q
Slide 11: 3. (6) Business Tie-Ups and Other Business
3. (6) Business Tie-Ups and Other Business (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2012 2011 Change Business Tie-Ups 2012 2011 Change 138.1 72% 141.0 -3.0 Net sales 49.4 50.2 -0.8 *1 31.2 - 33.5 -2.2 Edible oils 11.3 12.0 -0.6 *1 106.9 - 107.6 -0.7 Coffee products 38.1 3
Slide 12: 3. (7) Net Sales by Business & Geographical Area
3. (7) Net Sales by Business & Geographical Area Upper row: Oct.-Dec. 2012; lower row: Oct.-Dec. 2011. Figures in parentheses represent YoY change. (¥ Billion) Japan Asia Americas Europe Total Domestic Food 91.3 (-23.1) 1.2 (-0.4) 2.1 (0.4) 0.3 (-0.0) 95.0 (-23.1) Products 114.4 1.6 1.8 0.3 118.1 Ov
Slide 13: 3. (8) Operating Income by Business & Geographical Area
3. (8) Operating Income by Business & Geographical Area Left: Oct.-Dec. 2011; right: Oct.-Dec. 2012 (¥ Billion) 13.0 11.9 6.4 5.2 4.1 3.1 2.8 1.5 0.4 0.5 -0.1 -0.4 Bioscience Domestic Overseas Pharma- Business Products & Fine Other Business Food Products Food Products ceuticals Tie-Ups Chemicals * U
Slide 14: 3. (9) Comments on Operating Income by Business & Geographical Area
3. (9) Comments on Operating Income by Business & Geographical Area Oct.-Dec. 2012 Change Compared with Same Period of Previous Year (¥ Billion) 1. Overseas Food Products [YoY change] Japan +¥0.4; Asia -¥0.9; Americas -¥0.4; Europe -¥0.3; Other* -¥0.1; Total -¥1.2 Asia: Decrease in income mainly due
Slide 15: (Reference) Feed-Use Lysine Market Price and CBOT Spread Trend
(Reference) Feed-Use Lysine Market Price and CBOT Spread* Trend *The spread is the price difference between soybean meal and corn on the Chicago Board of Trade (CBOT). (USD/kg, CIF) (USD/ST) 4.5 300 Feed-Use Lysine Market Price (USD/kg) & CBOT Spread (USD/ST) 4.0 250 3.5 Spread 3.0 200 2.5 150 2.0 1
Slide 16: Forward-looking statements disclaimer
Forward-looking statements, such as business performance forecasts, made in these materials are based on management’s estimates, assumptions and projections at the time of publication and do not represent a commitment from Ajinomoto Co., Inc. that they will be achieved. A number of factors could ca