Toyobo Co., Ltd. · TSE:3101
Toyobo — Q1 FY3/21 Earnings Presentation
30 slides from Toyobo's earnings presentation, Aug 6, 2020
Slide 1: Presentation to Investors
August 6, 2020 Presentation to Investors TOYOBO CO., LTD.
Slide 2: Agenda
Agenda Ⅰ．Results for Q1 of FY 3/21 Ⅱ．Forecasts for FY 3/21
Slide 3: Results for Q1 of FY 3/21
Ⅰ．Results for Q1 of FY 3/21 3
Slide 4: Highlights
Ⅰ．Results for Q1 of FY 3/21 Highlights Q1 FY 3/21 Results ◆ Sales and operating profit decreased as the impact of the spread of COVID-19 on automotive-related products and textiles was significant. ◆ Sales of ¥75.5 bn. (down 6.7%), operating profit of ¥4.4 bn. (down 16.7％) ◆ Within this difficult bu
Slide 5: Results for Q1 FY 3/21 PL
Ⅰ．Results for Q1 of FY 3/21 Results for Q1 FY 3/21 PL (¥ bn.) FY 3/20 FY 3/21 YOY Q1 Q1 Amount % Net sales 80.8 75.5 - 5.4 - 6.7% Operating profit 5.2 4.4 - 0.9 - 16.7% (Ratio to sales) 6.5% 5.8% - - Ordinary profit 4.3 2.8 - 1.6 - 36.3% Extraordinary - 1.7 - 0.4 +1.4 - income and losses Profit attr
Slide 6: Analysis in Changes in Operating Profit
Ⅰ．Results for Q1 of FY 3/21 Analysis in Changes in Operating Profit raw materials prices volume others 8.0 and fuel costs +1.5 - 0.6 - 1.0 - 0.8 7.0 - 0.9 6.0 5.0 (¥ bn.) 4.0 Automotive-related products, 3.0 5.2 Textiles 4.4 2.0 Depreciation, Cost to launch new unit of films 1.0 0.0 Q1 FY 3/20 Q1 FY
Slide 7: Results for Q1 FY 3/21 BS
Ⅰ．Results for Q1 of FY 3/21 Results for Q1 FY 3/21 BS (¥ bn.) Mar. 31, 2020 June 30, 2020 YOY Total assets 488.9 492.9 +4.0 Cash and deposits 25.2 34.4 +9.2 Inventories 80.6 84.6 +3.9 Non current assets 282.5 285.7 +3.3 Net assets 182.6 182.0 - 0.6 Shareholder’s equity 177.9 177.4 - 0.5 (Retained ea
Slide 8: Results by Segment
Ⅰ．Results for Q1 of FY 3/21 Results by Segment (¥ bn.) Net sales Operating profit (loss) FY 3/20 FY 3/21 FY 3/20 FY 3/21 YOY Q1 Q1 Q1 Q1 Films and 29.5 36.3 3.3 3.9 +0.6 Functional Materials Mobility 11.7 6.8 0.3 -0.7 - 1.0 Lifestyle and 30.7 22.9 0.9 0.3 - 0.5 Environmental Life Science 6.0 6.3 0.9
Slide 9: Films and Functional Materials
Ⅰ．Results for Q1 of FY 3/21 Films and Functional Materials Packaging film Net Sales Operating Profit ・Strong shipments due to special (¥bn.) (%) demand from people staying at home and rising eco-consciousness. Industrial film ・Expansion of sales of polarizer protective films for LCDs “COSMOSHINE SRF
Slide 10: Films and Functional Materials: Topics
Ⅰ．Results for Q1 of FY 3/21 Films and Functional Materials: Topics “COSMOSHINE SRF” ・In Q1, sales increased by approx. 20%. ・Start mass production of new unit from July 2020. Expecting approx. 1.5-fold increase in production capacity. ・Expansion of share due to superior water resistance and durabili
Slide 11: Mobility
Ⅰ．Results for Q1 of FY 3/21 Mobility Net Sales Operating Profit Airbag fabrics (¥bn.) (%) ・Sales declined significantly in the United States and Thailand. Engineering plastics ・Affected by the impact of 0.3 the production curtailment of (2.7%) automobiles. - 0.7 11.7 (- 9.6%) Mobility solution 6.8 ・
Slide 12: Lifestyle and Environmental
Ⅰ．Results for Q1 of FY 3/21 Lifestyle and Environmental Net Sales Operating Profit Environmental solutions (%) ・Shipment of VOC emissions treatment (¥bn.) equipment lagged behind due to the stagnation of corporate activities. Nonwoven fabrics ・Spunbond for automotive applications and filters for off
Slide 13: Life Science
Ⅰ．Results for Q1 of FY 3/21 Life Science Net Sales Operating Profit Biotechnology (%) ・Sales of raw materials for reagents for (¥bn.) genetic testing and reagents for research increased significantly due to the spread of COVID-19. ・Demand for raw materials for diagnostic reagents and general testing
Slide 14: Life Science: Topics
Ⅰ．Results for Q1 of FY 3/21 Life Science: Topics Reagent and kit for genetic testing - Detection kit for COVID-19 using PCR testing ・Able to detects and measures using saliva as a sample in a minimum of just over 60 minutes. ・Falls under National Health Insurance (as of June 2). Viral culture soluti
Slide 15: Measures against COVID-19
Ⅰ．Results for Q1 of FY 3/21 Measures against COVID-19 TOYOBO Group’s top priority has been the safety and wellbeing of our employees and their families, with the primary goal of protecting both society and the Company. We are also making a positive contribution through our products and services. Emp
Slide 16: Forecasts for FY 3/21
Ⅱ．Forecasts for FY 3/21 16
Slide 17: Forecasts for FY 3/21
Ⅱ．Forecasts for FY 3/21 Forecasts for FY 3/21 (¥ bn.) FY 3/20 FY 3/21 YOY Net sales 339.6 330.0 - 9.6 - 2.8% Operating profit 22.8 20.0 - 2.8 - 12.3% (Ratio to sales) 6.7% 6.1% - - Ordinary profit 18.0 14.0 - 4.0 - 22.4% Profit attributable to 13.8 7.0 - 6.8 - 49.2% owners of parent EPS (\) 155.1 78
Slide 18: Assumptions for forecasts
Ⅱ．Forecasts for FY 3/21 Assumptions for forecasts (1) Economic outlook: ①The spread of COVID-19 will surpass the peak by the end of Q2. ②Economy will recover at a moderate pace from Q3 onward. (variations in countries and regions) (2) Automotive production: Recover gradually from Q2 after Q1 bottomi
Slide 19: Analysis in Changes in Operating Profit
Ⅱ．Forecasts for FY 3/21 Analysis in Changes in Operating Profit raw materials prices volume others and fuel costs 30.0 ＋5.4 - 2.6 - 3.0 - 2.6 - 2.8 25.0 20.0 (¥ bn.) 15.0 22.8 20.0 10.0 5.0 0.0 FY 3/20 FY 3/21 FY 3/20 FY 3/21 Exchange rate (\/US$) 109 108 Naphtha price in Japan (thousand\/kl) 43 32
Slide 20: Forecasts by Segment
Ⅱ．Forecasts for FY 3/21 Forecasts by Segment (¥ bn.) Net sales Operating profit (loss) FY 3/20 FY 3/21 FY 3/20 FY 3/21 YOY result forecasts result forecasts Films and 125.0 152.0 14.5 15.9 +1.4 Functional Materials Mobility 46.5 33.0 - 0.6 - 2.0 - 1.4 Lifestyle and 128.0 103.0 5.9 3.4 - 2.5 Environm
Slide 21: Please Note
Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac
Slide 22: All Rights Reserved
All Rights Reserved
Slide 23: Appendix
Appendix 23
Slide 24: Toward solution-based business management
For medium-to long-term growth Toward solution-based business management FY 3/20 After FY 3/20 Films & Films Films Films and Functional Functional Functional Functional Polymers Polymers Materials Materials Engineering Plastics Mobility Industrial Airbag Materials Airbag High-performance Fibers Envi
Slide 25: Identifying Materiality
For medium-to long-term growth Identifying Materiality Basic preconditions to materiality Safety, disaster prevention, Corporate governance Respect for human rights quality Continuing to be a Group that “creates the solutions needed by people and the earth” Innovation based on responsibility for the
Slide 26: Initiatives to Environmental Issues
For medium-to long-term growth Initiatives to Environmental Issues Unified brand of environmentally Cutting greenhouse gas emissions conscious products The targets are an 80% reduction by FY 3/51 “ECO-PARTNER SYSTEM” and a 30% reduction by FY 3/31 compared with We have achieved the target, net sales
Slide 27: Initiatives to Environmental Issues
For medium-to long-term growth Initiatives to Environmental Issues Jointly launch R Plus Japan, Ltd. ・New company that facilitates the recycling of used plastics (since June 2020). ・Jointly established by 12 companies forming a plastic value chain. (Suntory MONOZUKURI Expert Ltd.; Rengo Co., Ltd.; T
Slide 28: Ability to provide solutions in Films business
For medium-to long-term growth Ability to provide solutions in Films business Mold releasing film for MLCC Transparent vapor- deposited “COSMOPEEL” film “ECOSYAR” ・In Q1, sales increased by approx. 5% ・In Nov. 2019, joint production firms with ・Affected by production adjustments of an Indonesian com
Slide 29: Please Note
Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac
Slide 30: All Rights Reserved
All Rights Reserved