Lg Chem Ltd. · KRX:051910
Lg Chem — Q1 2009 Earnings Presentation
15 slides from Lg Chem's earnings presentation, Apr 27, 2009
Slide 1: 1Q 2009 Business Results & Outlook
1Q 2009 Business Results & Outlook 2009. 4. 27
Slide 2: The business results for the 1st quarter of 2009 currently under audit review are
The business results for the 1st quarter of 2009 currently under audit review are presented here for investors’ convenience. Hence, please be advised that some of their contents may be altered in the course of audit. Forecasts and projections contained in this material are based on current business
Slide 3: Table of Contents
Table of Contents Quarterly Business Results 1 1Q 2009 Business Results 3 Divisional Results & Outlook 5 2009 Business Plan 7 Appendix 8
Slide 4: Quarterly Business Results
Quarterly Business Results Consolidated Non-consolidated (Unit:KRW bn) (Unit:KRW bn) 3.49tn 3.33tn 3.40tn 2.99tn 2.93tn 2.82tn 487 417 362 340 147 59 '08.1Q '08.4Q '09.1Q '08.1Q '08.4Q '09.1Q 매Sales출 영O 업 P 익 Sales출 매 O 영 P업 익 1 / 12
Slide 5: Quarterly Business Results
Quarterly Business Results Non-consolidated (Unit:KRW bn) 3.60tn 3.24tn 2.99tn 2.93tn 2.82tn 445 412 417 340 147 ' 081Q 2Q 3Q 4Q ' 091Q ’08.1Q 2Q 3Q 4Q ’09.1Q Sales 출 매 O 업 영 P 익 2 / 12
Slide 6: 1Q 2009 Business Results: Income Statements
1Q 2009 Business Results Income Statements Consolidated Non-Consolidated (Unit : KRW bn) ’08.1Q ’08.4Q ’09.1Q YoY ’08.1Q ’08.4Q ’09.1Q YoY Sales 3,494 3,332 3,400 -2.7% 2,994 2,816 2,932 △2.1% Operating Profit 362 59 487 340 147 417 34.6% 22.4% (%) (10.4) (1.8) (14.3) (11.4) (5.2) (14.2) Pre-tax Inc
Slide 7: 1Q 2009 Business Results: Balance Sheets
1Q 2009 Business Results Balance Sheets Consolidated Non-Consolidated (Unit : KRW bn) ’08 ’09.1Q ’09.4.1 ’08 ’09.1Q ’09.4.1 Assets 9,736 10,371 9,110 8,036 8,623 7,502 (Cash and equivalents) 514 1,126 905 373 968 754 Liabilities 4,683 5,205 4,611 3,147 3,632 3,172 (Borrowings) 2,743 2,909 2,565 1,35
Slide 8: Divisional Results & Outlook: Petrochemicals
Divisional Results & Outlook Petrochemicals(Consolidated) Business results Analysis (Unit:KRW bn) • Analysis 2,835 ABS/EP 2,587 ▣ China’s economic stimulus measures led rapid 2,470 rebound of product demand and prices 31% 28% NCC/PO 28% ▣ Significant improvement of spread due to low-cost raw materia
Slide 9: Divisional Results & Outlook: I & E Materials
Divisional Results & Outlook I & E Materials(Consolidated) Business results Analysis (Unit:KRW bn) • Analysis 786 750 ▣ Electronics & opticals - Rebound of utilization in LCD panel makers due to 620 30% demand increase in China Battery 36% - Raw material cost burden from strong Japanese Yen 26% resu
Slide 10: 2009 Business Plan
2009 Business Plan Business Plan Cash Flow (Unit:KRW bn) (Unit:KRW bn) Key Investment Consolidated Non-consolidated Item Amounts Item (Unit:KRW bn) Cash Inflow 1,617 ’08 ’09(P) ’08 ’09(P) ▣ Petrochemicals 263 From 1,239 -Acrylate debottlenecking, 104 Operating etc. Total Sales 14,500 12,600 12,600 1
Slide 11: Appendix: Sales & Operating Profit (Consolidated)
Appendix Sales & Operating Profit(Consolidated) (Unit: KRW bn) 2008 2009 LGC 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 3,494 3,749 3,980 3,332 14,555 3,400 3,400 Operating Profit 362 484 416 59 1,321 487 487 Petrochemicals 2,835 3,131 3,380 2,470 11,816 2,587 2,587 NCC/PO 884 977 1,074 703 3,638 751
Slide 12: Appendix: Sales & Operating Profit (Non-Consolidated)
Appendix Sales & Operating Profit(Non-Consolidated) (Unit: KRW bn) 2008 2009 LGC 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 2,994 3,239 3,597 2,816 12,645 2,932 2,932 Operating Profit 340 445 412 147 1,344 417 417 Petrochemicals 2,397 2,607 2,961 2,075 10,039 2,152 2,152 NCC/PO 884 985 1,085 720 3,67
Slide 13: Appendix: Borrowings & Cash Flow (Non-consolidated)
Appendix Borrowings & Cash Flow(Non-consolidated) Borrowings Cash Flow (Unit : KRW bn) (Unit : KRW bn) Balance ’08 ’09.1Q ’09 Plan Beginning 466 373 ’08 ’09.1Q ’09.4.1 Operating/Investing 246 426 1,350 1,539 1,327 1,099 Total Net Income 1,003 321 (100%) (100%) (100%) (100%) Depreciation 402 91 KRW 9
Slide 14: Appendix: Capex Plan & Results (Non-consolidated)
Appendix Capex Plan & Results(Non-consolidated) (Unit : KRW bn) ’07 ’08 ’09 Plan ’09.1Q New/Expansion 142 217 104 33 Maintenance 68 85 136 27 Petrochemicals Equity Investment 16 23 Total 227 302 263 60 New/Expansion 42 194 347 61 I&E Maintenance 36 51 91 11 Materials Equity Investment 12 21 28 11 To
Slide 15: Appendix: Price Trends
Appendix Price Trends (Unit:U$/MT) (Unit:U$/MT) 1,800 1,858 1,720 1,600 1718 2,109 1,496 1,681 1,632 1,961 1,364 1,364 1,296 1,322 1,477 1,462 1381 1,733 1,756 2,032 1,199 1,371 1,586 1,586 1,5691,638 1,688 1,973 1,377 1,119 1,213 1,3311,294 1,284 1,305 1,307 1,480 1,700 1,2061,203 1,036 1016 1,027