Resonac Holdings Corporation · TSE:4004
Resonac — Showa Denko K.K. — Q1 2019 Earnings Presentation
17 slides from Resonac's earnings presentation, May 9, 2019
Slide 1: First Quarter, 2019 Financial Results - Consolidated
We “Act” to touch the heart and make society better First Quarter, 2019 Financial Results - Consolidated - SHOWA DENKO K.K. May 9, 2019 Motohiro Takeuchi, CFO Director & Corporate Officer Performance forecast and other statements pertaining to the future as contained in this presentation are based o
Slide 2: Consolidated Companies and Selected Data
Consolidated Companies Consolidated subsidiaries: 57 (1 company excluded) 1 company newly consolidated 2 companies excluded SHOKO Electronics K.K. (Electronics) SHOWA DENKO CARBON Shanghai Co., Ltd. (Inorganics, liquidation) SHOTIC (Singapore) Pte Ltd. (Aluminum, liquidation) Equity method appli
Slide 3: Summary
Summary (Unit: Billions of Yen) Increase/ 2019 1H CQ1, 2018 CQ1, 2019 decrease forecast* Net Sales 214.7 234.7 20.0 520.0 Operating Income 34.3 45.4 11.1 91.0 Non-operating income and -1.6 -1.2 0.4 -0.5 expenses, net Interest/Dividends income and expenses -0.3 0 0.3 Equity in earnings of affiliates
Slide 4: Extraordinary Profit/Loss
Extraordinary Profit/Loss (Unit: Billions of Yen) Increase/ CQ1, 2018 CQ1, 2019 decrease Extraordinary Profit 0 0.3 0.3 Gain on sales of investment securities － 0.3 0.3 Extraordinary Loss -0.9 -0.7 0.2 Loss on sales and retirement of noncurrent -0.7 -0.5 0.2 assets Other -0.2 -0.2 -0 Extraordi
Slide 5: Consolidated Sales by Segment
Consolidated Sales by Segment (Unit: Billions of Yen) CQ1, CQ1, Increase/ 2019 1H 2018 2019 decrease forecast* 【Olefins】 sales increased (shipment volumes up due to large-scale shutdown Petro- maintenance in 2018. The absence of periodic shutdown maintenance in 2019) chemicals 53.8 62.7 8.9 【Organic
Slide 6: Consolidated Operating Income by Segment
Consolidated Operating Income by Segment (Unit: Billions of Yen) CQ1, CQ1, Increase/ 2019 1H 2018 2019 decrease forecast* 【Olefins】 profit decreased (shipment volumes up due to the 2018 shutdown maintenance, depreciation of naphtha inventory due to a fall in price, Petro- 3.3 4.0 0.6 7.0 spread sque
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet (Unit: Billions of Yen) Assets Dec. 31, Mar. 31, Increase/ Liabilities and net assets Dec. 31, Mar. 31, Increase/ 2018 2019 decrease 2018 2019 decrease Cash and deposits 113.2 103.7 -9.5 Notes and accounts payable 139.4 133.8 -5.6 Notes and accounts receivable 203.7 196.1
Slide 8: Total Assets, Interest-bearing Debt and D/E ratio
Total Assets Interest-bearing Debt and D/E ratio (Unit: Billions of Yen) Increase/ Dec. 31, 2018 Mar. 31, 2019 decrease Total assets 1,075.0 1,083.9 8.9 Interest-bearing debt 288.0 296.2 8.3 Debt/Equity ratio 0.62 times 0.61 times -0.01p Stockholders’ Equity ratio 41.5% 43.1% 1.6p Showa Denk
Slide 9: (Reference) Quarterly Operating Income
(Reference) Quarterly Operating Income 2019 (Unit: Billions of Yen) 2018 70.0 60.0 56.6 50.0 45.4 43.6 45.5 40.0 34.3 30.0 20.0 10.0 0.0 CQ1 CQ2 CQ3 CQ4 Showa Denko 1st Quarter, 2019 Consolidated Financial Results 9
Slide 10: (Reference) Quarterly Operating Income by Segment
(Reference) Quarterly Operating Income by Segment 《Petrochemicals》 《Chemicals》 (Unit: Billions of Yen) (Unit: Billions of Yen) 9.0 2019 9.0 2019 8.1 2018 2018 6.0 6.0 4.9 4.9 4.8 4.0 4.1 4.1 3.6 3.3 3.0 3.0 2.4 0.0 0.0 CQ1 CQ2 CQ3 CQ4 CQ1 CQ2 CQ3 CQ4 Showa Denko 1st Quarter, 2019 Consolidated Financ
Slide 11: (Reference) Quarterly Operating Income by Segment
(Reference) Quarterly Operating Income by Segment 《Electronics》 《Inorganics》 (Unit: Billions of Yen) (Unit: Billions of Yen) 9.0 2019 50.0 2019 2018 2018 8.0 39.5 39.8 7.0 40.0 34.6 6.0 33.3 5.0 4.8 30.0 24.8 4.0 3.0 3.0 3.0 2.7 20.0 2.0 1.0 10.0 0.0 CQ1 CQ2 CQ3 CQ4 -0.3 -1.0 (note) From 2019 SDK ch
Slide 12: (Reference) Quarterly Operating Income by Segment
(Reference) Quarterly Operating Income by Segment 《Aluminum》 《Others》 (Unit: Billions of Yen) (Unit: Billions of Yen) 3.0 2019 3.0 2019 2018 2018 2.5 2.5 2.0 2.0 1.5 1.3 1.4 1.4 1.5 1.0 0.9 1.0 0.7 0.5 0.5 0.4 0.4 0.3 0.3 0.3 0.0 0.0 CQ1 CQ2 CQ3 CQ4 CQ1 CQ2 CQ3 CQ4 (note) From 2019 SDK changed the s
Slide 13: Topics [General]
Topics [General] ● Developed ultralight laminate-type radiator for EVs’ battery modules In January 2019, SDK and its consolidated subsidiary Showa Denko Packaging Co., Ltd. (SPA) cooperatively developed next-generation laminate-type heat radiator designed for application to square-shaped lithium-ion
Slide 14: Topics [General]
Topics [General] ● Developed AI-based patent interpretation support system SDK and IBM Japan, Ltd. has jointly developed a “Patent Interpretation Support System,” which helps engineers to conduct effective and efficient screening of patent information. SDK will start to utilize this system in the wh
Slide 15: Topics [Chemicals segment]
Topics [Chemicals segment] ● Started mass production of liquefied carbon dioxide in Oita Petrochemical Complex Showa Denko Gas Products Co., Ltd. (SGP), a consolidated subsidiary of SDK, has established a new plant to produce liquefied carbon dioxide (CO2) in its Oita Plant located in the premise of
Slide 16: Topics [Electronics segment]
Topics [Electronics segment] ● To begin shipment of MAMR-technology-based HD media In 2019, SDK will begin shipment of newly developed 3.5-inch HD media which have storage capacity of 2 terabyte per disk based on the Microwave Assisted Magnetic Recording (MAMR)*1 technology for next- generation hard
Slide 17: Topics [Aluminum segment]
Topics [Aluminum segment] ● Showa Aluminum Can to establish third production base in Vietnam and expand existing can end production lines In April 2019, Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of Showa Denko, decided to establish its third base in Vietnam to produce aluminum