Toyo Engineering Corporation · TSE:6330

Toyo Engineering — H1 FY2002 Earnings Presentation

22 slides from Toyo Engineering's earnings presentation, Nov 22, 2002

  1. Slide 1: Interim Financial Bulletin

    www.toyo-eng.co.jp Fiscal 2002 (Closing dated Sep 30, 2002) INTERIM FINANCIAL BULLETIN Public announcement Nov 22, 2002 Investor briefing Nov 25, 2002 Contact points I.Ichikawa / Executive Officer General Manager of Accounting Div. Nov 2002 (e-mail) ichikawa@ga.toyo-eng.co.jp Tel +81-47-454-1521

  2. Slide 2: Index

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN INDEX 1 Summary of Results 4 Cash Flows.………..……………….….... P 19 Summary…………………….……….... P3 Trend of Results……………………... P4 New Orders & Backlog of Contracts 5 3year Results & Projection …...….. P8 (Nonconsolidated) New Orders and Major New Orders…..… P 20 Resul

  3. Slide 3: Summary

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 Summary Projection for March, 2003 Increase net sales and maintain positive balance. Achieve positive balance, without recourse to sales of assets. to be Continued... Continue to reduce interest-bearing debt. Strategic marketing, focusing on profitability.

  4. Slide 4: Trend of Results

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 Trend of Results *March.2003 Exchange Rate 1US$ ¥120 Millions of yen Net Sales Segment-wise 119,066 94,531 158,962 83,491 185,000 119,066 94,531 158,962 83,491 185,000 (Projection) (Projection) Mar.2003 Mar.2003 Mar.2001 Sep.2001 Mar.2002 Sep.2002 Mar.2001

  5. Slide 5: Trend of Results continued

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 Trend of Results continued... *March.2003 Exchange Rate 1US$ ¥120 Millions of yen Segment-wise Operating Income 6,532 146 2,023 2,960 2,233 5,000 2,233 5,000 Projection 4,779 Projection 3,692 * Due to change of accounting method Mar.2003 Mar.2003 Mar.2001 S

  6. Slide 6: Trend of Results continued

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 Trend of Results continued... *March.2003 Exchange Rate 1US$ ¥120 Millions of yen Ordinary Income Net Income 3,769 1,163 3,759 (195) 2,000 911 (525) (1,080) (1,543) 500 Projection Projection Mar.2003 Mar.2003 Mar.2001 Sep.2001 Mar.2002 Sep.2002 Mar.2001 Sep

  7. Slide 7: Trend of Results continued

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 Trend of Results continued... Millions of yen Projection for Projection for Mar.2003 Sep.2001 Sep.2002 Difference Sep.2002 Difference (As of May.2002) As of May.2002 As of Nov.2002 Consolidated Consolidated Net Sales 94,531 83,491 (11,040) 100,000 (16,509)

  8. Slide 8: 3year Results and Projection

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 3year Results and Projection Millions of yen Mar.2003 Mar.2000 Mar.2001 Mar.2002 Projection Consolidated Consolidated Net Sales 155,812 119,066 158,962 185,000 Operating Income 279 146 2,960 5,000 Ordinary Income 1,657 3,769 3,759 2,000 Net Income (627) 911

  9. Slide 9: Results Indicators Consolidated

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 Results Indicators Consolidated Gross profit margin and Operating profit margin 15% ¥15 are in an up trend. 10% ¥10 5% ¥5 0% ¥0 Due to depreciation (5%) (¥5) of foreign exchange & securities valuation loss. Projection (10%) (¥10) M ar.2000 Sep.2000 M ar 200

  10. Slide 10: Results Indicators Nonconsolidated

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 1 Results Indicators Nonconsolidated 10% Gross profit margin is the same level as last fiscal year. ¥20 Operating profit margin is in an up trend. 5% ¥10 0% ¥0 Due to depreciation of foreign exchange & securities valuation loss. Projection (5%) (¥10) M ar.200

  11. Slide 11: Assets and Liabilities

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 2 Assets and Liabilities Notes & Current Liabilities Accounts Receivable Long-term Liabilities Other Current Assets Minority Interests Fixed Assets Shareholder’s Equity Consolidated Consolidated Nonconsolidated Nonconsolidated 20% 25% Equity Ratio 15.8% 15.6%

  12. Slide 12: Interest-bearing debt

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 2 Interest-bearing debt Ratio of Interest-bearing debt (Consolidated) Ratio of Interest-bearing debt (Nonconsolidated) Consolidated subsidiaries Millions of yen TEC 200,000 60% 54.9% 180,000 51.4% 50.5% 48.2% 47.1% 47.0% 50% 160,000 46.0% 44.1% 43.3% 140,000

  13. Slide 13: B/S Indicators (Consolidated)

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 2 B/S Indicators (Consolidated) 200% ¥200 150% 100% 50% ¥150 Mar.2000 Sep.2000 Mar.2001 Sep.2001 Mar.2002 Sep.2002 Quick Ratio 99.0% 81.5% 72.0% 78.8% 87.6% 87.1% Current Ratio 141.0% 128.3% 104.8% 105.0% 124.3% 121.6% Fixed Ratio 158.5% 188.6% 179.6% 185.5%

  14. Slide 14: B/S Indicators (Nonconsolidated)

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 2 B/S Indicators (Nonconsolidated) 150% ¥250 100% 50% ¥200 Mar.2000 Sep.2000 Mar.2001 Sep.2001 Mar.2002 Sep.2002 Quick Ratio 97.7% 79.9% 80.0% 92.1% 84.5% 82.6% Current Ratio 141.9% 129.1% 120.3% 124.0% 124.7% 121.0% Fixed Ratio 86.2% 105.8% 101.8% 102.3% 114

  15. Slide 15: Balance Sheet (Consolidated)

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 3 Balance Sheet (Consolidated) Millions of yen Sep.2001 Mar.2002 Sep.2002 Sep.2001 Mar.2002 Sep.2002 Current assets 156,024 141,138 132,649 Current liabilities 148,645 113,554 109,057 Cash 59,178 43,622 35,628 Notes and accounts payable 27,139 26,200 31,476 N

  16. Slide 16: Balance Sheet (Nonconsolidated)

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 3 Balance Sheet (Nonconsolidated) Millions of yen Sep.2001 Mar.2002 Sep.2002 Sep.2001 Mar.2002 Sep.2002 Current assets 141,253 124,443 117,050 Current liabilities 113,904 99,765 96,711 Cash 53,382 35,413 28,302 Notes and accounts payable 25,379 22,363 29,117

  17. Slide 17: Income Statement (Consolidated)

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 3 Income Statement (Consolidated) Millions of yen Projection for Reference Sep. 2001 Sep. 2002 Difference Sep.2002 Difference (As of May.2002) Mar. 2002 Net sales 94,531 83,491 (11,040) 100,000 (16,509) 158,962 Cost of sales 87,210 75,283 (11,927) 144,548 Gro

  18. Slide 18: Income Statement Nonconsolidated

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 3 Income Statement Nonconsolidated Millions of yen Projection for Reference Sep. 2001 Sep. 2002 Difference Sep.2002 Difference (As of May.2002) Mar. 2002 Net sales 85,326 72,042 (13,284) 80,000 (7,958) 137,543 Cost of sales 80,709 67,670 (13,039) 129,100 Gros

  19. Slide 19: Cash Flows

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 4 Cash Flows Millions of yen 2000.4.1 2001.4.1 2001.4.1 2002.4.1 2001.3.31 2001.9.30 2002.3.31 2002.9.30 Cash flows by Operating Activities 6,003 6,251 5,754 (4,118) Cash flows by Investing Activities 7,446 (990) (1,326) (38) Cash flows by Financing Activitie

  20. Slide 20: New Orders (Nonconsolidated)

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 5 New Orders (Nonconsolidated) Billions of yen New Orders Major New Orders 218 Contract Price Project Outline (Sep.2002) Projection Energy-related, BRAZIL 160 More than Petrochemical plant, SAUDI ARABIA 145 ¥20 billion 51 107 116 Petrochemical plant, CHINA 32

  21. Slide 21: New Orders (Nonconsolidated) continued

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 5 New Orders (Nonconsolidated) continued….. Billions of yen Breakdowns by Area Breakdowns by Plant Type 218 84 116 109 218 84 116 109 Area Type Chemical 14 Japan fertilizers 43 48 Southeast Petrochemicals Asia South Asia, Refinery 77 Middle East 76 20 7 Russi

  22. Slide 22: Backlog of Contracts (Nonconsolidated)

    Sep. 30, 2002 INTERIM FINANCIAL BULLETIN 5 Backlog of Contracts (Nonconsolidated) Billions of yen Breakdowns by Area Breakdowns by Plant Type 318 312 295 311 318 312 295 311 21 16 Area Type 22 19 63 Chemical 71 63 51 Japan 76 64 fertilizers 69 61 Southeast Petrochemicals Asia 86 124 85 103 76 83 92

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