Ube Corporation · TSE:4208
Ube — Q2 FY2013 Earnings Presentation
27 slides from Ube's earnings presentation, Nov 1, 2013
Slide 1: Financial Results for the 2nd Quarter FY 2013
1 Financial Results for the 2nd Quarter FY 2013 November 1, 2013
Slide 2: Contents
2 Contents ・ FY13 First Half Consolidated Results ・ FY13 Consolidated Forecasts ・ Appendix ※This “2nd Quarter (2Q)” data states information for 6 month totals.
Slide 3: FY13 First Half Consolidated Results
3 FY13 First Half Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation － Financial Results for the First Half FY13 － End of FY12 End of FY13 2Q Change Item Notes (A) (B) （B) - （A) Number of Newly Included: 1 consolidated 67 68 1 UBE-Nitto Kasei (WUXI) Co., Ltd. subsidiaries Number of Newly Included: None equity method 25 24 -1 Newly Excluded: 1
Slide 5: Material Price Environmental Factors
5 Environmental Factors － Financial Results for the First Half FY13 － （Billion Yen） Impacts on FY12 2Q FY13 2Q Change Consolidated Item Operating (A) (B) (B) - (A) Income Exchange Rate Yen/$ 79.4 98.9 19.5 0.1 (CIF) $/ｔ 958 916.0 -42.0 0.4 Naphtha (Domestic) Yen/KL 55,200 64,700 9,500 (-1.5) Materia
Slide 6: Major P/L & B/S Items
6 Major P/L & B/S Items － Financial Results for the First Half FY13 － （Billion Yen） FY12 2Q FY13 2Q Change Item (A) (B) (B) - (A) Sales 310.7 310.8 0.0 Operating income 16.1 9.0 -7.1 Ordinary income 14.6 6.7 -7.9 Net income 8.4 6.6 -1.7 End of FY12 End of FY13 1Q Change Item (A) (B) (B) - (A) Total
Slide 7: Non Operating Items
7 Non Operating Items － Financial Results for the First Half FY13 － （Billion Yen） FY12 2Q FY13 2Q Change Item (A) (B) (B) - (A) Operating income 16.1 9.0 -7.1 Net interest income / expense -1.2 -1.0 0.2 Non operating income / loss Equity in earnings of unconsolidated subsidiaries 0.5 0.3 -0.2 and af
Slide 8: Extraordinary Items
8 Extraordinary Items － Financial Results for the First Half FY13 － （Billion Yen） FY12 2Q FY13 2Q Change Item (A) (B) (B) - (A) Gain on transfer of business 0.0 2.8 2.7 Others 0.5 0.0 -0.5 Extraordinary income 0.6 2.9 2.2 Loss on disposal of PP&E -0.7 -0.4 0.2 Gain on negative goodwill - -0.5 -0.5 O
Slide 9: Operating Income – Net Income
9 Operating Income – Net Income － Financial Results for the First Half FY13 － （Billion Yen） FY12 2Q FY13 2Q Change Item (A) (B) (B) - (A) Operating income 16.1 9.0 -7.1 Non operating item -1.5 -2.3 -0.8 Ordinary income 14.6 6.7 -7.9 Extraordinary item -0.5 1.7 2.2 Income before income tax and minori
Slide 10: Sales by Segment
10 Sales by Segment － Financial Results for the First Half FY13 － （Billion Yen） FY12 2Q FY13 2Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 0.2 Chemicals & Plastics 109.3 109.7 0.3 Synthetic rubber 0.1 Specialty Chemicals & Specialty products -0.5 Products 32.1 32.0 -0.1 Fine ch
Slide 11: Operating Income by Segment
11 Operating Income by Segment － Financial Results for the First Half FY13 － （Billion Yen） FY12 2Q FY13 2Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -5.1 Chemicals & Plastics 3.8 -2.0 -5.9 Synthetic rubber -0.8 Specialty Chemicals & Specialty products -1.4 Products 1.8 0.4 -1.
Slide 12: Analysis of Operating Income
12 Analysis of Operating Income － Financial Results for the First Half FY13 － （Billion Yen） Operating Income Segment FY12 2Q FY13 2Q Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 3.8 -2.0 -5.9 -5.2 0.0 0.9 -1.6 Specialty Chemicals & Products 1.8 0.4 -1.3 -0
Slide 13: Consolidated Balance Sheet
13 Consolidated Balance Sheet － Financial Results for the First Half FY13 － （Billion Yen） End of FY12 End of FY13 2Q Change Item (A) (B) (B) - (A) Current assets 287.3 280.8 -6.5 Assets Fixed assets 398.3 402.1 3.7 Total 685.8 683.1 -2.7 Interest-bearing debts 246.6 246.0 -0.5 Liabilities Other liab
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Statements of Cash Flows － Financial Results for the First Half FY13 － （Billion Yen） Item FY12 2Q FY13 2Q Income/losses before income tax and minority interests 8.5 A.Cash flows from operating activities 18.9 15.8 Depreciation andamortization 15.8 Working capital -8, Gain on negative
Slide 15: FY13 Consolidated Forecasts
15 FY13 Consolidated Forecasts
Slide 16: Scope of Consolidation
16 Scope of Consolidation － FY13 Consolidated Forecasts － End of FY12 End of FY13 Change Item Notes (A) (B) （B) - （A) Number of Newly Included: 1 UBE-Nitto Kasei (WUXI) consolidated 67 65 -2 Co., Ltd subsidiaries Newly Excluded: 3 Number of Newly Included: None equity method 25 24 -1 Newly Excluded:
Slide 17: Material Price Environmental Factors
17 Environmental Factors － FY13 Consolidated Forecasts － （Billion Yen） FY12 FY13 Change Impacts on Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 83.1 99.4 16.3 0.5 [100.0] (CIF) $/ｔ 965 908.0 -57 11.0 [900] Naphtha (Domestic) Yen/KL 57,500 64,600 7,100 (-2.2) Material Price [64,5
Slide 18: Major P/L & B/S Items
18 Major P/L & B/S Items － FY13 Consolidated Forecasts － （Billion Yen） FY12 FY13 Change Item (A) (B) (B) - (A) Sales 626.0 647.0 21.0 Operating income 29.9 26.0 -3.9 Ordinary income 28.0 19.5 -8.5 Net income 8.2 12.5 4.3 End of FY12 End of FY13 Change Item (A) (B) (B) - (A) Total assets 685.8 700.0
Slide 19: Operating Income – Net Income
19 Operating Income – Net Income － FY13 Consolidated Forecasts － （Billion Yen） FY12 FY13 Change Item (A) (B) (B) - (A) Operating income 29.9 26.0 -3.9 Non operating item -1.9 -6.5 -4.6 Ordinary income 28.0 19.5 -8.5 Extraordinary item -12.2 -0.5 11.7 Income before income tax and minority interest 15
Slide 20: Sales by Segment
20 Sales by Segment － FY13 Consolidated Forecasts － （Billion Yen） FY12 FY13 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 10.2 Chemicals & Plastics 219.3 230.0 10.7 Synthetic rubber 5.0 Specialty Chemicals & Specialty products 4.6 Products 61.1 68.0 6.9 Fine chemicals 2.3 Pharmace
Slide 21: Operating Income by Segment
21 Operating Income by Segment － FY13 Consolidated Forecasts － （Billion Yen） FY12 FY13 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -3.5 Chemicals & Plastics 5.0 2.0 -3.0 Synthetic rubber 0.5 Specialty Chemicals & Specialty products -0.1 Products 1.2 2.0 0.8 Fine chemicals 0.9 Ph
Slide 22: Management Indices
22 Management Indices － FY13 Consolidated Forecasts － FY12 FY13 Change Item Computation Unit (A) (B) (B) - (A) Net debt Net D/E Ratio /Equity capital Times 0.98 0.89 -0.09 Equity capital Equity Ratio /Total assets % 31.4 33.9 2.5 Operating Income Operating margin /Sales % 4.8 4.0 -0.8 Business incom
Slide 23: Appendix
23 Appendix
Slide 24: FY13 Consolidated Forecasts – Net Sales
24 FY13 Consolidated Forecasts -Net Sales （Comparisons for forecasts at the beginning of the period, by segment）- （Billion Yen） Beginning Revised forecasts (A) forecasts (B) Change Segment Major Factors 5/10/2013 9/30/2013 Publication Publication (B) - (A) Caprolactam chain -13.7 Chemicals & Plastic
Slide 25: FY13 Consolidated Forecasts – Operating Income
25 FY13 Consolidated Forecasts -Operating Income （Comparisons for forecasts at the beginning of the period, by segment）- （Billion Yen） Beginning Revised forecasts (A) forecasts (B) Change Segment Major Factors 5/10/2013 10/15/2013 Publication Publication (B) - (A) Caprolactam chain -3.8 Chemicals &
Slide 26: Major Subsidiaries
26 Major Subsidiaries － Financial Results for the First Half FY13 － （Billion Yen） Operating Sales income Subsidiaries and Affiliates Business change from FY13 2Q FY12 2Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD. M anufacture and sales of caprolactam and polyamide resin 20.7 ↓ UBE CHEMICAL EUROPE, S.A. M
Slide 27: 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 date currently available.