Nippon Paper Industries Co., Ltd. · TSE:3863
Nippon Paper Industries — FY2009 Earnings Presentation
20 slides from Nippon Paper Industries's earnings presentation, May 10, 2010
Slide 1: FY2009 Financial Review
FY2009 Financial Review May 10, 2010 Nippon Paper Group, Inc. All Rights Reserved,Copyright(c)2010 Nippon Paper Group Inc.
Slide 2: Contents
Nippon Paper Group Contents I. FY2009 Review (April 1, 2009 – March 31, 2010) (1) Overview 3-6pp (2) Operating results 7-9pp (3) Analysis of profit and loss 10p (4) Extraordinary items 11p (5) Balance sheet 12p (6) Cash flow statement 13p II. FY2010 Forecast (April 1, 2010 – March 31, 2011) (1) Earn
Slide 3: Overview: Business environment, domestic paper shipments
FY2009 Review (1)Overview Business environment Domestic shipment of paper and paperboard Paper industry FY2009 (Apr. 2009 Mar. 2010) % change Shipment(1,000 tons) yoy Newsprint 3,357 -4.2% Printing & Biz communication 8,676 -11.9% Coated 4,889 -14.8% Uncoated & Specialty printing 2,338 -8.0% Busines
Slide 4: Trend in paper and paperboard prices
FY2009 Review (1)Overview Business environment Trend in paper and paperboard prices Paper industry (Apr. 2008 Mar. 2010) (Apr.08 = 1) Source: Bank of Japan”Corporate Goods Price Index” All Rights Reserved,Copyright(c)2010 Nippon Paper Group Inc. 4
Slide 5: Trend in fuel and raw material prices
FY2009 Review (1)Overview Business environment Trend in fuel and raw material prices (Apr. 2008 ) \ Wastepaper Woodchip/Pulp Crude oil (Dubai) Coal Source: Paper Recycling Promotion Center, Pulp&Paper Week, Crude oil= Platts, Coal=Global Coal Index All Rights Reserved,Copyright(c)2010 Nippon Paper G
Slide 6: Topics of FY2009
FY2009 Review (1)Overview Topics Topics of FY2009 Apr.09 Apr.09 -Nippon -Nippon Paper Paper Chemicals Chemicals developed developed new new film film for for next-generation next-generation LCD LCD panels panels Jun.09 Jun.09 -Nippon -Nippon Paper Paper Industries Industries acquired acquired Austra
Slide 7: Consolidated operating results
FY2009 Review (2)Operating results Outline Consolidated operating results (¥ billion) FY2008 FY2009 Change <Net sales> 1,188.1 1,095.2 -92.9 <Operating income> 20.0 43.1 23.2 <Ordinary income> 17.9 37.5 19.6 <Net income> -23.3 30.1 53.4 All Rights Reserved,Copyright(c)2010 Nippon Paper Group Inc. 7
Slide 8: Sales volume by product
FY2009 Review (2)Operating results Sales volume by product Thousand tons) % change FY2008 FY2009 yoy Average domestic paper price \ / (123.9) (120.9) (-2.4%) Newsprint 1,270 1,217 -4.1% Printing & Business communication paper 3,149 2,771 -12.0% Coated paper 1,765 1,481 -16.1% Uncoated paper & Specia
Slide 9: Segment information
FY2009 Review (2)Operating results Segment information ¥billion Sales Operating income FY2008 FY2009 Change FY2008 FY2009 Change Pulp and Paper Div. 940.3 873.9 ▲ 66.4 12.7 34.0 21.4 Paper-related Div. (cartons, chemical products) 92.6 88.6 ▲ 4.0 2.2 4.2 2.0 Housing and Construction Materials Div. 7
Slide 10: Analysis of profit and loss: FY2009 vs. FY2008
FY2009 Review (3)Analysis of profit and loss FY2009 vs. FY2008 Increase in operating income ¥23.2 bn (¥43.1bn ¥20.0bn Increase in ordinary income ¥19.6 bn (¥37.5bn ¥17.9bn (¥ billion) Increase in operating income 43.1 +23.2 Cost Cost reduction, reduction, etc. etc. +27.7 +27.7 20.0 Sales volume -19.
Slide 11: Extraordinary items
FY2009 Review (4)Extraordinary items FY2008 FY2009 (¥billion) Ordinary income 17.9 37.5 Extraordinary gains 1.6 13.9 Gain on sale of property, plant and equipment 0.2 1.1 Gain on sale of securities, etc. 0.5 1.0 Others 0.9 11.8 Extraordinary losses 41.4 11.9 Loss on disposal of property, plant and e
Slide 12: Balance sheet
FY2009 Review (5)Balance sheet ¥billion Balance sheet Mar. 31, Mar. 31, Change 2009 2010 Cash and time deposits 15.1 24.3 9.1 Notes and accounts receivable 211.4 223.7 12.4 Inventories 165.5 153.5 -12.0 Other current assets 44.0 49.1 5.0 Property, plant, equipment, 878.7 865.5 -13.2 and intangible f
Slide 13: Cash flow statement
FY2009 Review (6)Cash flow statement ¥billion Items FY2008 FY2009 Change Operating activities 84.2 116.9 32.7 Income before income taxes -21.9 39.6 61.5 Depreciation 83.3 81.9 -1.4 Change in net working capital 23.0 15.7 -7.3 Others -0.3 -20.3 -20.0 Investing activities -65.2 -70.9 -5.8 Purchases of
Slide 14: Assumptions for FY2010 forecast
FY2010 Forecast (1)Earnings Forecast Business environment Assumptions for FY2010 forecast Domestic sales -Sales volume(yoy) Paper : +1.5% Paperboard : +1.4% -Sales price Paper,Paperboard : Stay at current levels Raw material and fuel prices Crude oil : US$80/BL(Dubai) Coal: US$98/t(Australian Black
Slide 15: Consolidated earnings forecast FY2010
FY2010 Forecast (1) Earnings Forecast Outline Consolidated earnings forecast FY2010 FY2010 (¥ billion) FY2009 est. Change <Net sales> 1,095.2 1140.0 44.8 <Operating income> 43.1 42.0 -1.1 <Ordinary income> 37.5 36.0 -1.5 <Net income> 30.1 20.0 -10.1 15 All Rights Reserved,Copyright(c)2010 Nippon Pap
Slide 16: Sales volume by product forecast
FY2010 Forecast (1) Earnings Forecast Sales volume by product Thousand tons) FY2010 % change FY2009 est. yoy Newsprint 1,217 1,193 -2.0% Printing & Business communication paper 2,771 2,851 2.9% Coated paper 1,481 1,548 4.5% Uncoated paper & Specialty printing paper 650 631 -3.0% Business communicati
Slide 17: Segment information forecast
FY2010Forecast (1)Earnings forecast Segment information ¥billion Sales Operating income FY2010 FY2010 FY2009 Change FY2009 Change est. est. Pulp and Paper Div. 873.9 917.3 43.4 34.0 33.0 ▲ 1.1 Paper-related Div. (cartons, chemical products) 88.6 90.1 1.6 4.2 4.7 0.5 Housing and Construction Material
Slide 18: Analysis of profit and loss: FY2010 est. vs. FY2009
FY2010 Forecast (2)Analysis of profit and loss FY2010 est. vs. FY2009 Decrease in operating income ¥1.1 bn (¥42.0bn ¥43.1bn Decrease in ordinary income ¥1.5 bn (¥36.0bn ¥37.5bn (¥ billion) 43.1 42.0 Decrease in operating income Sales Sales price price Cost Cost reduction, reduction, etc. etc. -13.0
Slide 19: Key figures and indices
FY2010 Forecast (3)Key figures and indices FY2010 FY2007 FY2008 FY2009 est. ROE 1.3% -5.4% 7.0% 4.3% Operating margin on sales 2.7% 1.7% 3.9% 3.7% Ordinary margin on sales 2.7% 1.5% 3.4% 3.2% D/E (times) x1.7 x1.9 x1.6 x1.5 Capital investment (\ billion) 121.2 64.9 35.6 51.7 Depreciation (\ billion)
Slide 20: Disclaimer Regarding Forward-Looking Statements
Disclaimer Regarding Forward-Looking Statements Any statements in this presentation document, other than those of historical fact, are forward-looking statements about the future performance of Nippon Paper Group,Inc. and its group companies. These statements are based on management’s assumptions an