Resonac Holdings Corporation · TSE:4004
Resonac — Q1 2025 Earnings Presentation
23 slides from Resonac's earnings presentation, May 15, 2025
Slide 1: Consolidated Financial Results First Quarter, 2025
Consolidated Financial Results First Quarter, 2025 Hideki Somemiya, CFO Director & Managing Corporate Officer May 15, 2025
Slide 2: Key Takeaways
Key Takeaways 2024 1Q vs. 2025 1Q - Revenue remained flat from 2024 1Q as the Semiconductor and Electronic Materials segment saw improvements while weak market conditions in graphite electrode business resulted in a decreased revenue of the Chemicals segment - Core operating profit increased due to
Slide 3: Summary (2024 1Q vs. 2025 1Q)
Summary (2024 1Q vs. 2025 1Q) IFRS (Unit: Billions of Yen) 2024 2025 Increase/ Without Crasus Chemical (Olefins & Derivatives) 1Q*1 1Q Decrease 2024 2025 Increase/ 1Q*1 1Q Decrease Revenue 322.2 321.1 (1.1) Revenue 246.4 242.4 (4.0) Core operating profit 9.6 14.8 5.3 Core operating profit 9.1 14.0 4
Slide 4: Breakdown of Core Operating Profit Changes (2024 1Q vs. 2025 1Q)
Breakdown of Core Operating Profit Changes (2024 1Q vs. 2025 1Q) Semiconductor & Electronic Materials +2.0 Mobility +1.3 Semiconductor & Chemicals (3.0) Electronic Materials (2.1) Semiconductor & (Unit: Billions of Yen) Chemicals (2.5) Electronic Materials +5.9 20.0 18.0 Semiconductor & Electronic M
Slide 5: Breakdown of Segment Core Operating Profit Changes
Breakdown of Segment Core Operating Profit Changes (2024 1Q vs. 2025 1Q) Semiconductor & Electronic Materials (bn¥) 25.0 20.0 5.9 19.6 2.0 15.0 5.5 (2.1) 10.0 8.3 5.0 0.0 2024 1Q *1 Sales volume Sales price Variable/Fixed cost Others 2025 1Q Mobility*2 (bn¥) 4.0 2.0 1.5 1.3 0.3 1.1 0.0 (0.1) (2.0) (
Slide 6: Breakdown of Segment Core Operating Profit Changes
Breakdown of Segment Core Operating Profit Changes (2024 1Q vs. 2025 1Q) Innovation Enabling Materials (bn¥) 1.3 2.2 2.1 (0.2) (0.9) (0.3) 2024 1Q *1 Sales volume Sales price Variable/Fixed cost Others 2025 1Q Chemicals*2 (bn¥) (0.8) (1.0) (3.0) 1.0 (2.5) (6.3) *1 2024 1Q Sales volume Sales price Va
Slide 7: Changes in Segmentation
Changes in Segmentation Mobility segment - Automotive Products subsegment and Lithium-ion Battery Materials subsegment are consolidated and is reported as the Mobility segment due to the portfolio restructuring - Anode Materials, a product formerly belonged to Lithium-ion Battery Materials subsegmen
Slide 8: Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown
Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (2024 1Q vs. 2025 1Q) 2024 2025 (Unit: Billions of Yen) Segment Increase/Decrease 1Q* 1Q Revenue 97.5 111.2 13.7 14% Semiconductor and Core operating profit 8.3 19.6 11.2 135% Electronic Materials EBITDA margin 18.9% 27.1% 8.3p - Re
Slide 9: Semiconductor and Electronic Materials
Segment Summary (2024 1Q vs. 2025 1Q) Semiconductor and Electronic Materials (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1Q* 1Q Decrease Revenue 97.5 111.2 13.7 14% Both revenue and core operating profit increased, thanks to the recovery in demand for semiconductors; the pace of
Slide 10: Mobility
Segment Summary (2024 1Q vs. 2025 1Q) Mobility (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1Q* 1Q Decrease Revenue 50.8 46.9 (4.0) (8%) Both revenue and core operating profit Core operating profit 1.5 1.1 (0.4) (27%) decreased, due to the divestiture of secondary battery packagi
Slide 11: Innovation Enabling Materials
Segment Summary (2024 1Q vs. 2025 1Q) Innovation Enabling Materials (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1Q* 1Q Decrease Revenue 22.4 22.0 (0.4) (2%) Core operating profit 2.2 2.1 (0.0) (2%) Both revenue and core operating profit remained largely unchanged given the limit
Slide 12: Chemicals
Segment Summary (2024 1Q vs. 2025 1Q) Chemicals (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1Q* 1Q Decrease Revenue 45.1 37.7 (7.4) (16%) - Basic Chemicals: Revenue largely unchanged; core operating profit decreased as some Basic Chemicals 20.0 19.7 (0.3) (1%) products saw incre
Slide 13: Crasus Chemical
Segment Summary (2024 1Q vs. 2025 1Q) Crasus Chemical (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1Q* 1Q Decrease Revenue 75.9 78.7 2.9 4% Both revenue and core operating profit Core operating profit 0.5 0.8 0.4 74% increased due to higher naphtha prices and the scheduled mainte
Slide 14: Non-recurring Items/Financial Income/Costs, Equity in Earnings
Non-recurring Items/Financial Income/Costs, Equity in Earnings Non-recurring Items (Unit: Billions of Yen) Financial Income/Costs, Equity in Earnings (Unit: Billions of Yen) 2024 2025 Increase/ 2024 2025 Increase/ 1Q*1 1Q Decrease 1Q*1 1Q Decrease Gain on sale of non- Interest and dividend current a
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet Consolidated Statement of Financial Position (Unit: Billions of Yen) Dec. 31, Mar. 31, Increase/ Dec. 31, Mar. 31, Increase/ Assets 2024*1 2025 Decrease Liabilities and equity 2024*1 2025 Decrease Cash and cash equivalents 294.7 280.3 (14.4) Trade payables 171.4 155.4 (16.
Slide 16: Overview of IFRS Consolidated Results and Forecast
Supplemental Information Overview of IFRS Consolidated Results and Forecast IFRS Released Feb.13 2023 2024 2025 Increase/ Increase/ Results*1 Results*1 Forecast*2 Decrease Decrease The core operating (A) (B) (C) (B) - (A) (C) - (B) profit, an equivalent to JGAAP operating Revenue 1,295.4 1,391.5 1,4
Slide 17: 2024 IFRS Transition Impact
Supplemental Information 2024 IFRS Transition Impact JGAAP to IFRS: Impact Breakdown Major Impacts (from JGAAP Operating Income to IFRS Core Operating Profit) - The most significant impact is the increase in profit as goodwill is no longer (Unit: bn¥) amortized - The difference between the estimates
Slide 18: Appendix
Appendix ©Resonac Holdings Corporation All Rights Reserved.
Slide 19: Subsidiaries and Associates, Key Outside Factors
Reference Subsidiaries and Associates, Key Outside Factors Subsidiaries and Associates Subsidiaries: 115 (-8 from Dec. 31, 2024) -5: Related to the transfer of regenerative medicine business -1: Related to the transfer of secondary battery packaging materials and food packaging materials business -1
Slide 20: Capital Expenditures: Segment Breakdown
Reference Capital Expenditures: Segment Breakdown (Unit: Billions of Yen) 2024 2025 Increase/ Segment 1Q* 1Q Decrease Semiconductor and Electronic Materials 13.2 22.1 9.0 Mobility 2.4 2.3 (0.1) Innovation Enabling 0.8 1.0 0.2 Materials Chemicals 4.6 5.3 0.6 Crasus Chemical (Olefins & Derivatives) 1
Slide 21: Depreciation: Segment Breakdown
Reference Depreciation: Segment Breakdown (Unit: Billions of Yen) 2024 2025 Increase/ Segment 1Q* 1Q Decrease Depreciation and amortization (excl. PPA) 6.9 7.5 0.6 Semiconductor and PPA depreciation 3.1 3.1 - Electronic Materials Total depreciation and amortization 10.0 10.6 0.6 Depreciation and amo
Slide 22: Topics
Reference Topics Segment Topics Semiconductor Resonac Corporation and Yokohama National University Sign a Comprehensive Partnership and Electronic Agreement Materials Resonac and Microwave Chemical Launch Full-Scale Development of Chemical Recycling Technology to Directly Convert Used Plastics into
Slide 23: Note
Note Performance forecast and other statements pertaining to the future as contained in this presentation are based on the information available as of today and assumptions as of today regarding risk factors that could affect our future performance. Actual results may differ materially from the fore