Kureha Corporation · TSE:4023
Kureha — H1 FY2012 Earnings Presentation
25 slides from Kureha's earnings presentation, Nov 19, 2012
Slide 1: Interim Results for the Financial Year Ending March 31, 2013
Interim Results for the Financial Year Ending March 31, 2013 November 19, 2012
Slide 2: Contents
Contents 1. Interim Results for the Financial Year 2012 (2) Financial Highlights (3) Consolidated Net Sales and Operating Income by Segment (4) (7) Analysis of Recurring Income (8) Breakdown of Extraordinary Income/Losses (9) Key Indicators (10) Balance Sheets (11) Cash flow (12) 2 Estimates for the
Slide 3: 1. Interim Results for the Financial Year 2012
1. Interim Results for the Financial Year 2012 ( )
Slide 4: Financial Highlights
Financial Highlights (Comparison with same period in FY2011) FY2011 Interim FY2012 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated Consolidated Consolidated Ccnsolidated Net sales 588.5 338.4 1.7 637.2 377.6 1.7 48.7 8.3% 39.2 11.6% Operating incom
Slide 5: Advanced Materials
g Advanced Materials (Unit:100 million yen) FY2011 Interim FY2012 Interim Increase/decrease results results (Ratio) Carbon products 35 23 -12 -34% Kureha Advanced plastics 73 70 -3 -4% Consolidated Others 1 2 1 104% net sales Total 109 95 -14 -13% Consolidated subsidiaries 106 112 6 6% Consolidation
Slide 6: Specialty Chemicals
g Specialty Chemicals (Unit:100 million yen) FY2011 Interim FY2012 Interim Increase/ decrease results results (Ratio) Industrial chemicals 43 47 3 7% Kureha Agrochemicals 36 41 5 14% Consolidated Pharmaceuticals 40 54 13 33% net sales Total 119 141 22 18% Consolidated subsidiaries 42 42 -0 -1% Conso
Slide 7: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment Specialty Plastics (Unit: 100 million yen) FY2011 Interim FY2012 Interim Increase/ decrease results results (Ratio) Food packaging 41 39 -2 -5% Kureha Household products 56 89 34 60% Fishing lines 6 - -6 - Consolidated Others 8 14 6 77% net sale
Slide 8: Construction related and Other operations
Consolidated Net Sales and Operating Income by Segment Construction related (Unit: 100 million yen) FY2011 Interim FY2012 Interim Increase/ decrease results results (Ratio) Construction-related business 109 107 -2 -2% Consolidated Consolidation adjustments -59 -47 12 - net sales Total 50 60 10 21% C
Slide 9: Analysis of Recurring Income
Analysis of Recurring Income Comparison with same period in FY2011) (Unit: 100million yen FY2011 Interim FY2012 Interim Change Kureha 32.8 83% 49.4 133% 16.6 Recurring Consolidated subsidiaries 16.4 41% -3.6 -10% -20.0 income Equity-method affiliates 1.1 3% 1.3 4% 0.2 Consolidation adjustments -10.7
Slide 10: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit:100 million yen FY2011 Interim FY2012 Interim Increase/decrease Non- Non- Non- Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Compensation for damage Extradinary Subsidy income 1.0 - income Gain on transfer of business 7.0
Slide 11: Key Indicators
Key Indicators (Comparison with same period in FY2012) (Unit:100 million yen) FY2011 Interim FY2012 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Consolidated Ratio Consolidated Consolidated Ratio Consolidated consolidated Capital expenditure -10 -11% 13 36% Depreciation -5 -11% -7 -
Slide 12: Balance Sheets
Balance Sheets 1.Assets As of Mar.30,2011 As of Sep.30,2012 Increase/decrease Non- Non- Non- consolideted consolideted consolideted consolidated consolidated consolidated Cash and cash equivalents 10 -3 Accounts and notes receivable-trade -31 -2 Inventories 16 7 Other current assets 14 8 Sub total 9
Slide 13: Cashflow
Cashflow (Unit: 100 million yen) FY2011 Interim FY2012 Interim Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 42 26 79 79 37 53 Increase/decrease in 21 -5 -24 -31 -45 -27 Cashflow from assets and liabilities Oper
Slide 14: 2. Estimates for the Financial Year ending March 2013
. Estimates for the Financial Year ending March 2013 ( )
Slide 15: Estimated Figures
Net sales 1,284 731 1.8 1,350 780 1.7 66 5.2% 49 6.7% Operating income 85 61 1.4 90 70 1.3 5 6.2% 9 15.2% Recurring imcome 79 62 1.3 65 70 0.9 -14 -17.4% 8 12.8% Net income 15 10 1.4 25 33 0.8 10 71.2% 23 220.4% ( )
Slide 16: Advanced Materials (Estimates)
g Advanced Materials 69 49 -20 -29% 147 152 5 3% 4 4 0 0% 220 205 -15 -7% 216 228 12 6% -123 -138 -15 - 313 295 -18 -6% 5 -16 -21 - ( )
Slide 17: Specialty Chemicals (Estimates)
KUREHA CORPORATION Specialty Chemicals KUREHA ( ) 7
Slide 18: Specialty Plastics (Estimates)
KUREHA CORPORATION Specialty Plastics KUREHA ( ) 7
Slide 19: Construction related and Other Operations
g Construction related (Unit: 100 million yen) Increase/ decrease (Ratio) Construction-related business 292 230 -62 -21% Consolidated Consolidation adjustments -129 -80 49 - net sales Total 163 150 -13 -8% Consolideted operating income 11 5 -6 -55% Other Operations (Unit: 100 million yen) FY2012 Inc
Slide 20: Key Indicators (Estimates)
KUREHA CORPORATION KUREHA ( ) 7
Slide 21: Cashflow (Estimates)
Cashflow (Unit: 100 million yen) FY2011 FY2012 Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 2 22 Increase/decrease in -23 0 Cashflow from assets and liabilities Operating activities Payments of -4 -3 corporatio
Slide 22: 3. Consolidated Companies
3. Consolidated Companies ( )
Slide 23: Consolidated Companies
Consolidated Companies Unit :100million yen FY2011 Interim FY2012 Interim Kureha Corporation 338 1,460 378 1,547 39 87 Kureha Trading Co., Ltd. and one group company 138 120 138 128 -1 8 Advanced Kureha Corporation 109 - 95 - -14 - Materials Kureha trading Co., Ltd and one group company 48 - 45 - -3
Slide 24: Consolidated Companies
Consolidated Companies Unit:100 million yen) FY2011 Interim FY2012 Interim Construction Kurehanishiki Construction Co., Ltd. and 3 group companies 61 85 78 83 17 -2 rerated Kureha Engineering Co., Ltd. 48 51 29 39 -19 -12 Consolidation Adjustments -59 - -47 - 12 - Total 50 - 60 - 10 - Other Kureha E
Slide 25: Disclaimer
Disclaimer • These materials are supplied to provide a deeper understanding of our company, and are not intended as a solicitation for investment or other actions • These materials ware prepared by our company based on the information available at this point in time, however actual performance may p