Marubeni Corporation · TSE:8002

Marubeni — Q3 FY2012/3 Earnings Presentation

21 slides from Marubeni's earnings presentation, Feb 2, 2012

  1. Slide 1: Outline of Consolidated Financial Results for the 3rd Quarter of FY2012/3

    Outline of Consolidated Financial Results for the 3rd Quarter of FY2012/3 February 2, 2012 Marubeni Corporation (TSE Code: 8002) This document is an English translation of a statement written initially in Japanese. The original in Japanese should be considered the primary version.

  2. Slide 2: Agenda

    Agenda page page ◇Operating Segment Information◇ 1. FY2012/3 1-3Q Financial Highlights ・・・ 1 2. Net Income ・・・ 2 I. (1) Net Income by Operating Segment ・・・ 11 3. Adjusted Operating Profit and Core Earnings ・・・ 3 (2) Total Assets by Operating Segment ・・・ 12 4. Earnings Structure and Business Portfoli

  3. Slide 3: FY2012/3 1-3Q Financial Highlights

    1. FY2012/3 1-3Q Financial Highlights (billions of yen） FY2007/3 FY2008/3 FY2009/3 FY2010/3 FY2011/3 FY2012/3 Pros. revision Progress in Yearly Pros. as of percentage Yearly 1-3Q actual 1-3Q actual (variance) Revised on Feb. 2, 2012 actual Oct. 31, 2011 Total volume of trading transactions 9,554.9 1

  4. Slide 4: Net Income

    2. Net Income ＜FY2012/3 1-3Q ＞  Increased by 32% compared with FY2011/3 1-3Q. (billions of yen)  Progress to yearly prospect for FY2012/3 is 83%. Yearly Pros. 180 Yearly 1-3Q actual 170.0 ＋33.5 billion yen （＋25%） 147.2 150 136.5 141.3 150.0 119.3 117.2 120 111.2 106.9 95.6 95.3 +34.3 billion yen 9

  5. Slide 5: Adjusted Operating Profit (AOP) and Core Earnings (CE)

    3. Adjusted Operating Profit (AOP) and Core Earnings (CE) ＜FY2012/3 1-3Q ＞  AOP : 24% increase compared with FY2011/3 1-3Q. (billions of yen)  Progress to yearly prospect is 73%. 300  CE : 23% increase compared with FY2011/3 1-3Q. Adjusted Operating Profit  Progress to yearly prospect is 74%. Ye

  6. Slide 6: Earnings Structure and Business Portfolio

    4. Earnings Structure and Business Portfolio FY2011/3 FY2012/3 Corporate & Corporate & ＜Reference＞ Eliminations, etc. Eliminations, etc. Unit Assumption 1-3Q 4Q Commodity price Actual (Yearly) Actual Assumption Overseas 2% 1% Oil USD/Barrel 80 95 95 94 Overseas 9% （ WTI） 11% Resources Consumer Coppe

  7. Slide 7: Balance Sheets

    5. Balance Sheets Mar. 2012 Changes （billions of yen） Mar. 2007 Mar. 2008 Mar. 2009 Mar. 2010 Mar. 2011 Dec. 2011 Prospects （ from Mar. 2011） (revised Feb/2/2012) Current Assets 2,502.6 2,607.9 2,328.8 2,241.1 2,397.8 2,457.9 (+60.1) - Investments/Fixed Assets 2,370.7 2,599.3 2,378.6 2,345.4 2,281.3

  8. Slide 8: Equity and Net D/E Ratio

    6. Equity and Net D/E Ratio (billions of yen) (times) Equity (left axis) Net interest-bearing debt (left axis) Net DE ratio (right axis) 2,500 5.0 2,002.0 2,000 1,911.6 1,870.1 Approx. 1,843.4 1,800.0 1,706.4 4.0 1,615.6 1,500 3.07times 3.0 2.33times 2.13times Approx. 2.25times 2.21times 2 times App

  9. Slide 9: Cash Flows

    7. Cash Flows (billions of yen) Net cash provided by investing activities Net cash provided by operating activities 400 343.6 300 245.4 -35.2 235.3 200 280.6 -387.1 152.1 Free C/F Free C/F Free C/F 100 210.0 81.5 Free C/F -306.9 -128.5 -135.1 16.9 0 -3.8 Free C/F Free C/F -43.5 -71.6 -100 -187.3 -20

  10. Slide 10: New Investments

    8. New Investments FY2012/3 FY2012/3 FY2011/3 SG‐12 Period SG‐12 Period 3Ｑ 1‐2Q 1‐3Q FY2012/3 Major Projects Yearly Total amount amount amount amount amount [Energy] Natural • Metals & Mineral Resources approx. approx. approx. approx. approx. Oil & Gas Concession (Gulf of Mexico, USA) 45.0 20.0 65.0

  11. Slide 11: Equity and Risk Assets

    9. Equity and Risk Assets “G”PLAN SG2009 SG-12 （billions of yen） （billions of yen） 350.0 1,200 300.0 Risk Risk buffer buffer 1,100 (left (left axis) axis) 250.0 204.4 Approx. 1,000 178.3 186.9 900.0 200.0 860.6 164.1 900 820.8 708.3 799.7 150.0 673.7 831.7 847.3 800 ＊ 100.0 635.6 660.4 700 642.5 623

  12. Slide 12: Company Ratings

    10. Company Ratings July 3, 2007 Baa3 → Baa2 Mar. 28, 2008 BBB- → BBB Apr.27,2011 Aug.23,2006 A → A+ A- → A Dec. 13,2007 Jan. 29, 2007 BBB+ → A- BBB → BBB+ Jun. 9, 2006 BBB- → BBB 10

  13. Slide 13: Operating Segment Information

    ◇ Operating Segment Information ◇ (Note) From FY2012/3, former Real Estate Development is included in Corporate and Elimination. In this material, however, figures for Real Estate Development are shown individually.

  14. Slide 14: Net Income by Operating Segment

    I.(1) Net Income by Operating Segment (Reference) Major Indexes FY2011/3 FY2012/3 FY 2012/3 Sens itivity 1-3Q Actual ② 1-3Q Actual ④ 4Q Assumption (billions of yen) Actual ① (Jan.- Sep.) Assumptions(Yearly)③ (Jan.- Sep.) (Oct.- Dec.) ③－① ④－② (to Net Income on yearly basis) Exchange Rate Approx. JPY

  15. Slide 15: Total Assets by Operating Segment

    I.(2) Total Assets by Operating Segment (billions of yen) 800 March 31, 2011 December 31, 2011 700 680.4 656.2 656.6 643.8 600 549.6 520.8 535.1 519.3 515.8 500 436.7 400 365.5 364.2 348.1 320.3 317.2 300 268.5 259.9 242.8 214.8 206.4 186.2 200 177.7 132.6 150.9 100 0 Business Logistics & IT Finance

  16. Slide 16: Segment Information

    II. Segment Information (billions of yen) Food Lifestyle Forest Products FY2011/3 FY2012/3 FY2011/3 FY2012/3 FY2011/3 FY2012/3 Variance Progress Variance Progress Variance Progress 1‐3Q actual Yearly actual 1‐3Q actual Yearly Pros. 1‐3Q actual Yearly actual 1‐3Q actual Yearly Pros. 1‐3Q actual Yearl

  17. Slide 17: References

    CORPORATION © References >

  18. Slide 18: Consolidated Net Profit/Loss of Major Group Companies -1

    Reference Consolidated Net Profit/Loss of Major Group Companies -1 （unit : billions of yen) FY2011/3 FY2012/3 Operating Subsidiary/ Equity Company name Affiliate portion 1-3Q 1-3Q Variance Description of business Segment actual actual Food Columbia Grain (*1) Subsidiary 100.0% 3.2 5.5 +2.3 Grain tra

  19. Slide 19: Consolidated Net Profit/Loss of Major Group Companies -2

    Reference Consolidated Net Profit/Loss of Major Group Companies -2 （unit : billions of yen) FY2011/3 FY2012/3 Operating Subsidiary/ Equity Company name Affiliate portion 1-3Q 1-3Q Variance Description of business Segment actual actual Forest Products Marubeni Pulp & Paper Sales Co., Ltd. Subsidiary

  20. Slide 20: Consolidated Net Profit/Loss of Major Group Companies -3

    Reference Consolidated Net Profit/Loss of Major Group Companies -3 （unit : billions of yen) FY2011/3 FY2012/3 Operating Subsidiary/ Equity Company name 1-3Q 1-3Q Variance Description of business Segment Affiliate portion actual actual Metals & Mineral Resources Marubeni Coal Subsidiary 100.0% 10.5 1

  21. Slide 21: Consolidated Net Profit/Loss of Major Group Companies -4

    Reference Consolidated Net Profit/Loss of Major Group Companies -4 （unit : billions of yen) FY2011/3 FY2012/3 Operating Subsidiary/ Equity Company name Affiliate portion 1-3Q 1-3Q Variance Description of business Segment actual actual Plant & Industrial Machinery Midwest Railcar Corporation Subsidia

Marubeni — Q3 FY2012/3 Earnings Presentation on 6ix