Ube Corporation · TSE:4208
Ube — Ube Industries — H1 FY2012 Earnings Presentation
30 slides from Ube's earnings presentation, Nov 2, 2012
Slide 1: Financial Results for the First Half FY 2012
1 Financial Results for the First Half FY 2012 November 2, 2012
Slide 2: Contents
2 Contents ・ FY12 First Half Consolidated Results ・ FY12 Consolidated Forecasts ・ Appendix ※This “2nd Quarter (2Q)” data states information for 6 month totals.
Slide 3: FY12 First Half Consolidated Results
3 FY12 First Half Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation － Financial Results for the First Half FY12 － End of FY11 End of FY12 2Q Change Item Notes (A) (B) （B) - （A) Number of Newly Included: None consolidated 67 67 0 Newly Excluded: None subsidiaries Number of Newly Included: None equity method 25 25 0 Newly Excluded: None affili
Slide 5: Material Price Environmental Factors
5 Environmental Factors － Financial Results for the First Half FY12 － （Billion Yen） Impacts on FY11 2Q FY11 2Q Change Item Consolidated OP Income (A) (B) (B) - (A) Exchange Rate Yen/$ 79.8 79.4 -0.4 0.0 $/ｔ (CIF) 986 958 -28 0.2 Naphtha (Domestic) Yen/KL 57,000 55,200 -1,800 (0.3) Material Price Ben
Slide 6: Major P/L & B/S Items
6 Major P/L & B/S Items － Financial Results for the First Half FY12 － （Billion Yen） FY11 2Q FY12 2Q Change Item (A) (B) (B) - (A) Sales 311.6 310.7 -0.8 Operating income 22.6 16.1 -6.4 Ordinary income 20.7 14.6 -6.0 Net income 12.1 8.4 -3.7 End of FY11 End of FY12 2Q Change Item (A) (B) (B) - (A) To
Slide 7: Non Operating Items
7 Non Operating Items － Financial Results for the First Half FY12 － （Billion Yen） FY11 2Q FY12 2Q Change Item (A) (B) (B) - (A) Operating income 22.6 16.1 -6.4 -1.4 -1.2 0.1 Non operating income Net interest expense Equity in earnings of unconsolidated subsidiaries 1.0 0.5 -0.5 and affiliated compan
Slide 8: Extraordinary Items
8 Extraordinary Items － Financial Results for the First Half FY12 － （Billion Yen） FY11 2Q FY12 2Q Change Item (A) (B) (B) - (A) Gain on transfer of business ‐ 0.2 0.2 Others 0.1 0.3 0.2 Extraordinary income 0.1 0.6 0.5 Loss on disposal of PP&E -0.2 -0.7 -0.4 Loss on valuation of investment securitie
Slide 9: Operating Income – Net Income
9 Operating Income – Net Income － Financial Results for the First Half FY12 － （Billion Yen） FY11 2Q FY12 2Q Change Item (A) (B) (B) - (A) Operating income 22.6 16.1 -6.4 Non operating item -1.9 -1.5 0.4 Ordinary income 20.7 14.6 -6.0 Extraordinary item -1.3 -0.5 0.8 Income before income tax and mino
Slide 10: Sales by Segment
10 Sales by Segment － Financial Results for the First Half FY12 － （Billion Yen） FY11 2Q FY12 2Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -4.1 Chemicals & Plastics 115.2 109.3 -5.8 Synthetic rubber -1.7 Specialty Chemicals & Products 33.5 32.1 -1.4 Specialty products -1.4 Phar
Slide 11: Operating Income by Segment
11 Operating Income by Segment － Financial Results for the First Half FY12 － （Billion Yen） FY11 2Q FY12 2Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -8.8 Chemicals & Plastics 13.7 3.8 -9.8 Synthetic rubber -1.0 Specialty Chemicals & Specialty products -1.3 Products 3.7 1.8 -1.
Slide 12: Analysis of Operating Income
12 Analysis of Operating Income － Financial Results for the First Half FY12 － （Billion Yen） Operating Income Segment FY11 2Q FY12 2Q Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 13.7 3.8 -9.8 -7.0 0.3 -0.9 -2.2 Specialty Chemicals & Products 3.7 1.8 -1.8 -
Slide 13: Sales Progress by Segment
13 Sales Progress by Segment － Financial Results for the First Half FY12 － （Billion Yen） FY11 FY12 Full Year Change Segment Progress Progress Full Year 2Q Forecast 2Q (B) - (A) (A) Published on (B) 10/15/2012 Chemicals & Plastics 231.0 115.2 49.9% 224.0 109.3 48.8% -1.1% Specialty Chemicals & Produc
Slide 14: Operating Income Progress by Segment
14 Operating Income Progress by Segment － Financial Results for the First Half FY12 － （Billion Yen） FY11 FY12 Full Year Change Segment Progress Progress Full Year 2Q Forecast 2Q (B) - (A) (A) Published on (B) 10/15/2012 Chemicals & Plastics 22.9 13.7 59.9% 7.9 3.8 49.2% -10.7% Specialty Chemicals &
Slide 15: Consolidated Balance Sheet
15 Consolidated Balance Sheet － Financial Results for the First Half FY12 － （Billion Yen） End of FY11 End of FY12 2Q Change Item (A) (B) (B) - (A) Current assets 284.4 288.0 3.6 Fixed assets 380.4 381.7 1.2 Total assets 664.9 669.9 4.9 Interest-bearing debts 253.9 249.6 -4.3 Other liabilities 186.5
Slide 16: Consolidated Statements of Cash Flows
16 Consolidated Statements of Cash Flows － Financial Results for the First Half FY12 － （Billion Yen） Item FY11 2Q FY12 2Q Income before tax and minority interests 14.1 A.Cash flows from operating activities 11.6 18.9 Depreciation and amortization 15.4 Working capital -5.1, Tax payment and others -7.
Slide 17: FY12 Consolidated Forecasts
17 FY12 Consolidated Forecasts
Slide 18: Scope of Consolidation
18 Scope of Consolidation － FY12 Consolidated Forecasts － End of FY11 End of FY12 Change Item Notes (A) (B) （B) - （A) Number of Newly Included: None consolidated 67 66 -1 Newly Excluded: 1 subsidiaries Number of Newly Included: 1 equity method 25 26 +1 Newly Excluded: None affiliates Total 92 92 0
Slide 19: Material Price Environmental Factors
19 Environmental Factors － FY12 Consolidated Forecasts － （Billion Yen） Impacts on FY11 FY12 Change Item Consolidated OP Income (A) (B) (B) - (A) Exchange Rate Yen/$ 79.1 78.7 -0.4 0.0 [78.0] (CIF) $/ｔ 965 954 -11 [950] 0.2 Naphtha (Domestic) Yen/KL 55,000 54,400 -600 (0.2) Material Price [53,500] Be
Slide 20: Major P/L & B/S Items
20 Major P/L & B/S Items － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Item (A) (B) (B) - (A) Sales 638.6 638.0 -0.6 Operating income 46.0 36.0 -10.0 Ordinary income 40.8 30.0 -10.8 Net income 22.9 16.0 -6.9 End of FY11 End of FY12 Change Item (A) (B) (B) - (A) Total assets 664.9 67
Slide 21: Operating Income – Net Income
21 Operating Income – Net Income － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Item (A) (B) (B) - (A) Operating income 46.0 36.0 -10.0 Non operating item -5.1 -6.0 -0.9 Ordinary income 40.8 30.0 -10.8 Extraordinary item -3.2 -3.0 0.2 Income before income tax and minority interest 37
Slide 22: Sales by Segment
22 Sales by Segment － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -5.1 Chemicals & Plastics 231.0 224.0 -7.0 Synthetic rubber -1.9 Specialty Chemicals & Specialty products 4.8 Products 64.3 71.0 6.7 Fine chemicals 1.8 Pharmac
Slide 23: Operating Income by Segment
23 Operating Income by Segment － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -13.9 Chemicals & Plastics 22.9 7.9 -15.0 Synthetic rubber -1.2 Specialty Chemicals & Specialty products -0.2 Products 5.4 5.7 0.3 Fine chemicals 0.
Slide 24: Analysis of Operating Income
24 Analysis of Operating Income － FY12 Consolidated Forecasts － （Billion Yen） Operating Income Segment FY11 FY12 Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 22.9 7.9 -15.0 -19.6 8.1 -0.6 -3.0 Specialty Chemicals & Products 5.4 5.7 0.3 -2.0 6.4 -1.7 -2.4 P
Slide 25: 【Reference】 FY12 Consolidated Forecasts
25 【Reference】 FY12 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 5/10/2012 10/15/2012 Publication Publication (B) - (A) Caprolactam chain -23.7 Chemic
Slide 26: 【Reference】 FY12 Consolidated Forecasts
26 【Reference】 FY12 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 5/10/2012 10/15/2012 Publication Publication (B) - (A) Caprolactam chain -8.3
Slide 27: Management Indices
27 Management Indices － FY12 Consolidated Forecasts － FY11 FY12 Change Item Computation Unit (A) (B) (B) - (A) Net debt Net D/E Ratio /Equity capital Times 1.1 1.0 -0.1 Equity capital Equity Ratio /Total assets % 30.0 31.5 1.5 Operating Income Operating margin /Sales % 7.2 5.6 -1.6 Business income R
Slide 28: Appendix
28 Appendix
Slide 29: Major Subsidiaries
29 Major Subsidiaries － Financial Results for the First Half FY12 － （Billion Yen） Operating Sales income Subsidiaries and Affiliates Business change from FY12 2Q FY11 2Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD M anufacture and sales of caprolactam and polyamide resin 21.2 ↓ UBE CHEMICAL EUROPE, S.A. M
Slide 30: Forward-looking statements
30 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 availab