Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — Q3 FY2013 Earnings Presentation
16 slides from Ajinomoto's earnings presentation, Jan 31, 2014
Slide 1: Consolidated Results Third Quarter Ended December 31, 2013
Consolidated Results Third Quarter Ended December 31, 2013 1. Overview 2. Financial Position 3. Segment Information January 31, 2014 Ajinomoto Co., Inc. Copyright © 2014 Ajinomoto Co., Inc. All rights reserved.
Slide 2: 1. (1) Overview of Results
1. (1) Overview of Results (¥ Billion) Apr.-Dec. Apr.-Dec. FY2013 Oct.-Dec. Oct.-Dec. YoY Change (Nov. Revised Progress YoY Change 2013 2012 Forecast) 2013 2012 (A) Amount % (B) (A)/(B) Amount % Net sales 742.3 746.9 -4.5 -1% 1,032.0 72% 255.2 240.9 14.3 6% Domestic Food Products 255.0 314.1 -59.1 -
Slide 3: 1. (2) Comments on Results for the First Nine Months of FY2013
1. (2) Comments on Results for the First Nine Months of FY2013 Net sales for Oct.-Dec. (hereafter, “Q3”) increased mainly due to continuing positive effect of currency translation. Q3 operating income decreased because decrease in income of feed-use amino acids and Pharmaceuticals was not offset by
Slide 4: 1. (3) Comments on Results for the First Nine Months of FY2013
1. (3) Comments on Results for the First Nine Months of FY2013 Ordinary income (¥ Billion) Apr.-Dec. YoY Oct.-Dec. YoY Progress < Q3 > ( )= YoY change 2013 Change 2013 Change None Non-operating 6.0 - 24% 2.6 6% < Apr.-Dec. Cumulative > ( )=YoY change income (net) None 56.8 77% -14% Ordinary income 2
Slide 5: 2. Financial Position
2. Financial Position (¥ Billion) ¥23.6 billion increase in total assets from March 31, 2013 Dec. 31, 2013: Total assets 1,115.3 * Increase in yen values of the balance sheets of overseas subsidiaries after currency translation Current Liabilities * Decrease in cash and deposits due to share repurch
Slide 6: 3. (1) Change by Business Segment
3. (1) Change by Business Segment Net sales (¥ Billion) Oct.-Dec. 2012 240.9 Effect of Currency Translation Domestic Food Products +0.9 Overseas Food Overseas Food Products +14.4 Products: +11.3 Bioscience Products & Bioscience Products & Fine Chemicals +5.7 Fine Chemicals: +7.8 Pharmaceuticals -9.1
Slide 7: 3. (2) Domestic Food Products
3. (2) Domestic Food Products (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2013 2012 Change 2013 2012 Change 255.0 75% 314.1 -59.1 Net sales 93.8 92.9 0.9 164.2 - 167.7 -3.4 Seasonings & processed foods 63.0 62.8 0.1 *1 90.8 - 87.0 3.7 Frozen foods 30.8 30.1 0.8 *2 0.0 - 59.4
Slide 8: 3. (3) Overseas Food Products
3. (3) Overseas Food Products (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2013 2012 Change 2013 2012 Change 219.4 69% 175.3 44.1 Net sales 74.9 60.5 14.4 181.2 68% 142.2 39.0 Consumer foods 61.9 49.1 12.8 *1 Umami seasonings for 38.2 73% 33.1 5.1 13.0 11.4 1.6 *2 processed f
Slide 9: 3. (4) Bioscience Products & Fine Chemicals
3. (4) Bioscience Products & Fine Chemicals (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2013 2012 Change 2013 2012 Change 166.9 70% 146.4 20.5 Net sales 55.1 49.4 5.7 71.9 72% 68.9 3.0 Feed-use amino acids 24.4 23.7 0.8 *1 58.0 - 45.2 12.9 Amino acids 18.6 15.0 3.6 *2 33.0 -
Slide 10: 3. (5) Pharmaceuticals
3. (5) Pharmaceuticals (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2013 2012 Change 2013 2012 Change 38.8 75% 55.9 -17.1 Net sales 10.9 20.0 -9.1 *1 2.8 66% 4.6 -1.8 Operating income 1.3 2.8 -1.5 *2 -1.0 74% -1.4 0.4 Shared companywide expenses -0.3 -0.4 0.2 *1 Decrease in Q
Slide 11: 3. (6) Other Business
3. (6) Other Business (¥ Billion) Apr.-Dec. Progress Apr.-Dec. YoY Oct.-Dec. Oct.-Dec. YoY 2013 2012 Change 2013 2012 Change 62.3 74% 55.2 7.0 Net sales 20.6 18.1 2.4 *1 1.7 - 1.7 0.1 Edible oils & coffee products 0.6 0.6 0.0 0.4 109% 0.4 0.1 Operating income 0.2 0.1 0.1 *2 1.7 - 1.6 0.1 Edible oils
Slide 12: 3. (7) Net Sales by Business & Geographical Area
3. (7) Net Sales by Business & Geographical Area (¥ Billion) Japan Asia Americas Europe Total Domestic Food 88.9 (-0.4) 1.3 (0.0) 3.3 (1.2) 0.4 (0.1) 93.8 (0.9) Products 89.2 1.2 2.1 0.3 92.9 Overseas Food 2.6 (-0.1) 50.5 (9.7) 13.8 (3.3) 8.0 (1.5) 74.9 (14.4) Products 2.7 40.8 10.5 6.5 60.5 Bioscie
Slide 13: 3. (8) Operating Income by Business & Geographical Area
3. (8) Operating Income by Business & Geographical Area Upper row: Oct.-Dec. 2013; lower row: Oct.-Dec. 2012 Figures in parentheses represent YoY change. (¥ Billion) * Japan Asia Americas Europe Other Total Domestic Food 12.8 (-0.4) 0.5 (0.3) 0.3 (0.1) 0.1 (0.0) -1.9 (-0.2) 11.8 (-0.1) Products 13.2
Slide 14: 3. (9) Comments on Operating Income by Business & Geographical Area
3. (9) Comments on Operating Income by Business & Geographical Area Oct.-Dec. 2013 Change Compared with Same Period of Previous Year 1. Overseas Food Products (¥ Billion) [YoY change] Japan +¥0.2; Asia +¥1.5; Americas +¥0.7; Europe -¥0.4; Other* -¥0.4; Total +¥1.7 Asia: Increase due to positive effe
Slide 15: Feed-Use Lysine Market Price and CBOT Spread Trend
(Reference) Feed-Use Lysine Market Price and CBOT Spread* Trend *The spread is the price difference between soybean meal and corn on the Chicago Board of Trade (CBOT). 4.5 (USD/kg, CIF) (USD/ST） 300 Feed-Use Lysine Market Price(USD/kg) & CBOT Spread（USD/ST) 3.5 Spread 200 2.5 1.5 100 0.5 Lysine Mark
Slide 16: Forward-looking statements disclaimer
Forward-looking statements, such as business performance forecasts, made in these materials are based on management’s estimates, assumptions and projections at the time of publication and do not represent a commitment from Ajinomoto Co., Inc. that they will be achieved. A number of factors could ca