Marubeni Corporation · TSE:8002
Marubeni — Q2 FY2008 Earnings Presentation
11 slides from Marubeni's earnings presentation, Nov 5, 2008
Slide 1: Financial Results for the 2nd Quarter of FY2008
Financial Results for the 2nd Quarter of FY2008 November 5, 5 2008 Marubeni Corporation TSE code: 8002
Slide 2: 1. Net Income
1. Net Income <FY2008 1Q-2Q> Yearly Pros. 180 Increase by 32% year-on-year (Income for 1Q-2Q increased for the seventh consecutive year.) 165.0 160 Renewed a record high for six months results for the fifth consecutive year. 147.2 Yearly prospect remains unchanged from the initial yearly prospect. 1
Slide 3: 2. Adjusted Operating Profit & Core Earnings
2. Adjusted Operating Profit & Core Earnings Adjusted Operating Profit Core Earnings (billions of yen) (billions of yen) ＜FY2008 1Q-2Q＞ ＜FY2008 1Q-2Q ＞ Revised 300 45% of increase year-on-year. (Increase for the fifth consecutive Revised 350 46% increase year-on-year. Yearly years.) Yearly Prospect
Slide 4: 3. Business Portfolio and Earnings Structure
3. Business Portfolio and Earnings Structure Core Earnings Total Assets * * Resources Resources FT,LT,IT & 65.3 billion yen Innovative (39%) 22% Business Energy Resources Consumer Consumer Real Estate 39% Development Products September 30, 2008 Products FY2008 Lifestyle 12% Food 25% JPY 5,499.0 bn 1
Slide 5: 4. Shareholders' Equity and Net D/E Ratio
4. Shareholders’ Equity and Net D/E Ratio “V”PLAN “G”PLAN SG2009 (times) (billions of yen) Net DE ratio 6 800 (right axis) 842.1 5.01times 779.8 700 745.5 5 4.12times 663.8 600 4 500 2.83times 2 57ti 2.57times 3 400 443.2 2.47times 2.39times 393.0 300 2 200 Shareholders’ equity 1 100 (left axis) 0 0
Slide 6: 5. Shareholder's Equity and Net Risk Assets
5. Shareholder’s Equity and Net Risk Assets (billions of yen) “V”PLAN “G”PLAN SG2009 900 842.1 800 779.8 745.5 700 663.8 625.6 708.3 724.0 600 584.7 642.5 Net Risk Asset 572.6 500 400 443.2 393.0 300 200 100 equity Shareholders’ 0 September- March-2004 March-2005 March-2006 March-2007 March-2008 200
Slide 7: 6. New Investments
6. New Investments SG2009 Target Allocation Plan FY2008 1Q-2Q Summary Investment Plan (2-year total) : \600.0 billion Share Amount Fields in which the Group will Energy & Natual Resources accumulate assets by cocentrating fund allocation from the medium and long- 50% ¥40.0 billion term perspectives
Slide 8: 7. Cash Flows
7. Cash Flows 350 Net cash provided by investing activities 300 Net cash provided by operating activities 259.5 250 219.9 58.0 235.3 200 46.0 Depreciation 201.6 Depreciation n n amortization amortization 96.4 173.8 101.1 Depreciation n 150 amortization 152.1 49.8 133.4 Depreciation Net income 100 n
Slide 9: 8. Progress of SG2009
8. Progress of SG2009 Quantitative Targets “SG2009” FY2008 2Q March 31, 2010 Consolidated Net Income 106.4 Billion Yen (2-year total) 350 Billion Yen 1Q-2Q actual (Progress 30%) ☺ Consolidated Net D/E Ratio 2.00～2.50 x 2.39 x ☺ 724.0 Billion Yen Risk Assets L Less th than Total T t l Shareholders' S
Slide 10: (Reference) Net Income by Segment
(Reference) Net Income by Segment (billions of yen) 55 51.0 FY2008 Assumptions of the Yearly Prospects and Price Sensitivity Left① ： FY07 Yearly -actual- <initial estimate> <revised estimate for 3Q & 4Q> 50 Left② ： FY07 1Q-2Q -actual- ① Foreign Exchange Rate 100 YEN/USD ⇒ 100 YEN/USD 1YEN/USD fluctu
Slide 11: Disclaimer Regarding Forward-Looking Statements
DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS THIS DOCUMENT CONTAINS FORWARD-LOOKING STATEMENTS ABOUT THE PERFORMANCE OF MARUBENI AND ITS GROUP COMPANIES, BASED ON MANAGEMENT'S ASSUMPTIONS IN LIGHT OF CURRENT INFORMATION. THE FOLLOWING FACTORS MAY THEREFORE INFLUENCE ACTUAL RESULTS. THESE FACTORS