Lg Chem Ltd. · KRX:051910
Lg Chem — Q1 2014 Earnings Presentation
12 slides from Lg Chem's earnings presentation, Apr 18, 2014
Slide 1: 1Q 2014 Business Results & Outlook
1Q 2014 Business Results & Outlook April 18, 2014
Slide 2: Disclaimer
Disclaimer The business results for the first quarter of 2014 currently under audit review are presented here for investors’ convenience. Hence, please be advised that some of their contents may be altered in the course of audit. The business results are subject to the IFRS(International Financial R
Slide 3: Table of Contents
Table of Contents 1Q 2014 Business Results 1 Divisional Results & Outlook 3 Appendix 5 - Divisional Sales & Operating Profit - Cash Flow - CAPEX - Quarterly Price Trends - Monthly Price Trends
Slide 4: 1Q 2014 Business Results: Income Statements
1Q 2014 Business Results Income Statements (Unit: KRW bn) Classification ’13.1Q ’13.4Q ’14.1Q YoY QoQ Sales 5,721 5,641 5,673 -0.8% 0.6% Operating Profit 409 316 362 -11.4% 14.5% (%) (7.1) (5.6) (6.4) Pre-tax Income 415 236 354 -14.6% 50.0% (%) (7.2) (4.2) (6.2) Net Income 340 177 286 -16.0% 61.7% 1
Slide 5: 1Q 2014 Business Results: Financial Position
1Q 2014 Business Results Financial Position Financial Position Financial Ratios (Unit: KRW bn) Classification ’13 ’14.1Q Change Classification ’13 ’14.1Q Change Asset 17,447 18,288 4.8% Total Liabilities/ 48.8 56.4 7.6%p Cash and Equity (%) equivalents 1,909 2,147 12.5% Borrowings / 25.7 28.6 2.9%p
Slide 6: Divisional Results & Outlook: Petrochemicals
Divisional Results & Outlook Petrochemicals Business results Analysis (Unit: KRW bn) • Analysis ▣ Earnings improved by differentiated product mix despite the slow recovery of market 4,353 4,300 4,415 -NCC/PO : Earnings improved with strong PE spread maintained by supply tightness amid maintenance sh
Slide 7: Divisional Results & Outlook: I&E Materials/Energy Solutions
Divisional Results & Outlook I&E Materials/Energy Solutions Business results Analysis (Unit: KRW bn) • Analysis ▣ I&E earnings decreased due to slow panel demand, while Energy Solutions recorded sound results thanks to operating ratio rises of mobile batteries - I&E : Recorded sluggish earnings due
Slide 8: Divisional Sales & Operating Profit
Appendix Divisional Sales & Operating Profit (Unit: KRW bn) 2013 2014 Classification 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 5,721 5,917 5,865 5,641 23,144 5,673 5,673 Operating Profit 409 502 516 316 1,743 362 362 Petrochemicals 4,353 4,536 4,426 4,300 17,614 4,415 4,415 NCC/PO 1,470 1,509 1,517
Slide 9: Borrowings & Cash Flow
Appendix Borrowings & Cash Flow Borrowings Cash Flow (Unit : KRW bn) (Unit: KRW bn) Classification ’13 ’14.1Q Classification ’13 ’14.1Q Total 3,011 3,348 Beginning Cash 1,341 1,909 (Overseas Subsidiaries) (1,172) (1,324) 100% 100% Operating/Investing 813 -99 KRW Currency 803 803 27% 24% Net Income 1
Slide 10: CAPEX Plan & Results
Appendix CAPEX Plan & Results (Unit: KRW bn) Classification ’12 ’13 ’14 Plan ’14.1Q New / Expansion 784 405 483 72 Petrochemicals Maintenance 226 224 410 56 Total 1,009 628 894 128 New / Expansion 242 254 410 34 I&E Maintenance 90 109 176 38 Materials Total 332 363 586 72 New / Expansion 395 96 64 2
Slide 11: Quarterly Price Trends
Appendix Appendix 분기별 제품가격 Quarterly 추이 Price Trends (Unit:U$/MT) 1,676 (Unit:U$/MT) 1,617 1,531 3,612 1,542 1,532 3,372 1,459 1,462 1452 1,411 1,489 3,397 1380 1,434 1436 1361 1358 1,356 1341 1,401 1420 2,830 1,340 1,404 1,364 1,345 1,319 1304 1,350 2,544 1,356 1,318 1328 2,510 2,461 1,274 1,277 1,
Slide 12: Monthly Price Trends
Appendix Appendix 분기별 제품가격 Monthly 추이 Price Trends (Unit:U$/MT) 1,720 (Unit:U$/MT) 1,676 1,686 1,632 1,630 1,580 1,588 1,565 2,248 1,551 1,545 1,534 1,548 1,524 1,536 2,164 1,486 1,511 2,075 2,089 2,065 1,476 1,528 1,453 1,461 1464 1,513 1,476 2,000 2,000 1,926 1,966 1,990 1,990 1,478 1,420 1,922 1,