UBE Corporation · TSE:4208
UBE — Ube Industries — Q2 FY2015 Earnings Presentation
29 slides from UBE's earnings presentation, Oct 30, 2015
Slide 1: Financial Results for the 2nd Quarter FY 2015
1 Financial Results for the 2nd Quarter FY 2015 October 30, 2015
Slide 2: Contents
2 Contents ・ FY2015 2nd Quarter Consolidated Results ・ FY2015 Consolidated Forecasts ・ Appendix ※This"2nd Quarter(2Q)" date states information for 6 month total.
Slide 3: FY2015 2nd Quarter Consolidated Results
3 FY2015 2nd Quarter Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation - Financial Results for the 2nd Quarter FY2015 - End of FY2014 End of FY2015 2Q Change Item Notes (A) (B) （B) - （A) + Sanshin Tsusho Co., Ltd. Number of － Advanced Electrolyte consolidated 71 70 -1 Technologies (USA) LLC subsidiaries － Advanced Electrolyte Technologies (Euro
Slide 5: Material Price Environmental Factors
5 Environmental Factors - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） Impacts on FY2014 2Q FY2015 2Q Change Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 103.0 121.8 18.8 1.0 (CIF) $/ｔ 962 541 -421 4.6 Naphtha (Domestic) Yen/KL 70,900 47,800 -23,100 (3.5) Materia
Slide 6: Major P/L & B/S Items
6 Major P/L ＆ B/S Items - Financial Results for the 2nd Quarter FY2015 - (Billion Yen) FY2014 2Q FY2015 2Q Change Item (A) (B) (B) - (A) Sales 307.7 323.2 15.5 Operating income 6.2 20.5 14.2 Ordinary income 4.8 19.6 14.7 Profit attributable to owners of parent 0.0 13.7 13.6 End of FY2014 End of FY20
Slide 7: Sales by Segment
7 Sales by Segment - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） FY2014 2Q FY2015 2Q Change Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain △0.4, Synthetic rubber △0.6, Chemicals 134.1 136.9 2.8 Battery Materials and Fine Chemicals 3.2, Polyimide and Specialty Produc
Slide 8: Operating Income by Segment
8 Operating Income by Segment - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） FY2014 2Q FY2015 2Q Change Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain 7.5, Chemicals -3.3 6.3 9.7 Battery Materials and Fine Chemicals 1.5, Polyimide and Specialty Products 0.4, etc Phar
Slide 9: Analysis of Operating Income
9 Analysis of Operating Income - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） Operating Income Segment FY2014 2Q FY2015 2Q Change Sales Fixed Price Others (A) (B) (B) - (A) *1 Volume Cost *2 Chemicals -3.3 6.3 9.7 7.3 2.6 1.1 -1.3 Pharmaceutical 0.4 0.2 -0.2 -0.0 -0.7 -0.0 0.5 Cement
Slide 10: Non Operating Items
10 Non Operating Items - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） FY2014 2Q FY2015 2Q Change Item (A) (B) (B) - (A) Operating income 6.2 20.5 14.2 Net interest expense -0.5 -0.4 0.0 Non operating income Equity in earnings of unconsolidated subsidiaries 0.1 1.5 1.3 and affiliated
Slide 11: Extraordinary Items
11 Extraordinary Items - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） FY2014 2Q FY2015 2Q Change Item (A) (B) (B) - (A) Reversal of accrued expenses from business withdrawal - 1.5 1.5 Loss on disposal of PP&E ＊1 -1.1 -0.8 0.3 Loss on impairment ＊1 -0.6 -0.1 0.5 Loss on valuation of i
Slide 12: Operating Income - Net Income
12 Operating Income - Net Income - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） FY2014 2Q FY2015 2Q Change Item (A) (B) (B) - (A) Operating income 6.2 20.5 14.2 Non operating item -1.3 -0.8 0.4 Ordinary income 4.8 19.6 14.7 Extraordinary item -5.4 -0.0 5.3 Income before income tax an
Slide 13: Consolidated Balance Sheet
13 Consolidated Balance Sheet - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） End of FY2014 End of FY2015 2Q Change Item (A) (B) (B) - (A) Current assets 282.8 276.1 -6.6 Fixed assets 428.5 418.2 -10.2 Total assets 711.5 694.5 -16.9 Interest-bearing debts 239.7 228.9 -10.7 Other liabi
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Statements of Cash Flows - Financial Results for the 2nd Quarter FY2015 - （Billion Yen） Item FY2014 2Q FY2015 2Q Income before income tax and minority interests A.Cash flows from operating activities 19.7 28.0 19.5, Depreciation and amortization 17.7, Workig capital -4.4 etc. B.Cash
Slide 15: FY2015 Consolidated Forecasts
15 FY2015 Consolidated Forecasts
Slide 16: Scope of Consolidation - FY2015 Consolidated Forecasts
16 Scope of Consolidation - FY2015 Consolidated Forecasts - End of End of Change Item FY2014 FY2015 Notes (A) (B) （B) - （A) First half： + Sanshin Tsusho Co., Ltd. Number of － Advanced Electrolyte consolidated 71 70 -1 Technologies (USA) LLC subsidiaries － Advanced Electrolyte Technologies (Europe) S
Slide 17: Material Price Environmental Factors - FY2015 Forecasts
17 Environmental Factors - FY2015 Consolidated Forecasts - （Billion Yen) Impacts on FY2014 FY2015 Change Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 109.9 120.9 11.0 1.2 [120.0] 820 541 -279 (CIF) $/ｔ [540] 6.6 Naphtha (Domestic) 63,400 47,400 -16,000 (5.2) Yen/KL [47,000] Mate
Slide 18: Major P/L & B/S Items - FY2015 Forecasts
18 Major P/L ＆ B/S Items - FY2015 Consolidated Forecasts - （Billion Yen） FY2014 FY2015 Change Item (A) (B) (B) - (A) Sales 641.7 670.0 28.3 Operating income 24.1 39.0 14.9 Ordinary income 23.2 38.5 15.3 Profit attributable to owners of parent 14.6 21.0 6.4 End of FY2014 End of FY2015 Change Item (A)
Slide 19: Sales by Segment - FY2015 Forecasts
19 Sales by Segment - FY2015 Consolidated Forecasts - （Billion Yen） FY2014 FY2015 Change Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain -4.0 Synthetic rubber 2.0 Chemicals 280.1 287.0 6.9 Battery Materials and Fine Chemicals 8.0, Polyimide and Specialty Products 1.4, etc Pharmaceuti
Slide 20: Operating Income by Segment - FY2015 Forecasts
20 Operating Income by Segment - FY2015 Consolidated Forecasts - （Billion Yen） FY2014 FY2015 Change Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain 8.5 Synthetic rubber -0.5 Chemicals -0.9 11.0 11.9 Battery Materials and Fine Chemicals 2.4, Polyimide and Specialty Products 2.2, etc P
Slide 21: Operating Income - Net Income - FY2015 Forecasts
21 Operating Income - Net Income - FY2015 Consolidated Forecasts - . （Billion Yen） FY2014 FY2015 Change Item (A) (B) (B) - (A) Operating income 24.1 39.0 14.9 Non operating item -0.9 -0.5 0.4 Ordinary income 23.2 38.5 15.3 Extraordinary item -4.7 -8.0 -3.3 Income before income tax and minority inter
Slide 22: Appendix
22 Appendix UBE
Slide 23: Reference: FY2015 Forecasts - Net Sales by Segment
23 【Reference】 FY2015 Consolidated Forecasts -Net Sales (comparisons to forecasts at the beginning of period,by segment)- （Billion Yen） Beginning Revised forecasts (A) forecasts (B) Change Segment Major Factors published published May 12, 2015 Oct 15, 2015 (B) - (A) Nylon/Caprolactam chain -3.1 Synt
Slide 24: Reference: FY2015 Forecasts - Operating Income by Segment
24 【Reference】 FY2015 Consolidated Forecasts -Operating Income (comparisons to forecasts at the beginning of period,by segment)- （Billion Yen） Beginning Revised Change forecasts (A) forecasts (B) Segment Major Factors published published (B) - (A) May 12, 2015 Oct 15, 2015 Nylon/Caprolactam chain 1.
Slide 25: Reference: FY2015 Changes in Results - Sales by Segment
25 【Reference】 FY2015 Changes in results - Sales by Segment - (Billion Yen) FY2015 Full-year Progress Segment 1Q 2Q 3Q 4Q Total Forecast % Chemicals 70.0 66.9 - - 136.9 287.0 47.7% Pharmaceutical 1.7 1.4 - - 3.2 9.5 34.4% Cement & 58.9 59.3 - - 118.2 240.0 49.3% Construction Materials Machinery & Me
Slide 26: Reference: FY2015 Changes in Results - Operating Income by Segment
26 【Reference】 FY2015 Changes in results - Operating Income by Segment - (Billion Yen) FY2015 Full-year Progress Segment 1Q 2Q 3Q 4Q Total Forecast % Chemicals 3.5 2.8 - - 6.3 11.0 58.1% Pharmaceutical -0.0 0.2 - - 0.2 1.2 18.3% Cement & 4.2 5.5 - - 9.8 19.0 51.6% Construction Materials Machinery &
Slide 27: Reference: Major Data
27 【Reference】 Major data - Financial Results for the 2nd Quarter FY2015 - (Billion Yen) FY2015 full-year Item FY2014 2Q FY2015 2Q FY2014 full-year Forecast Capital investment 20.0 13.7 38.0 42.5 Depreciation andamortization 16.2 17.7 36.5 33.5 R&D expense 7.0 6.5 14.0 13.8 Adjusted operating profit
Slide 28: Reference: Major Subsidiaries
28 【Reference】 Major Subsidiaries - Financial Results for the 2nd Quarter FY2015 - (Billion Yen) Operating Sales income Subsidiaries and Affiliates Business change from FY2015 2Q FY2014 2Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD Manufacture and sales of caprolactam and polyamide resin 21.8 ↑ Manufactur
Slide 29: Forward-looking statements disclaimer
29 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