Kureha Corporation · TSE:4023
Kureha — Q1 FY2021 Earnings Presentation
10 slides from Kureha's earnings presentation, Aug 5, 2021
Slide 1: FY2021 1Q Results
FY2021 1Q Results August 5, 2021
Slide 2: FY2021 1Q Overview
1 FY2021 1Q Overview (in billions of yen) Vs. FY2020 1Q FY2020 FY2021 Change 1Q 1Q YOY • Revenue recovered in Advanced Materials after the pandemic-related slump Revenue 31.5 37.8 6.4 (+20.3%) • Higher core operating profit supported by Advanced Materials, Specialty Plastics and Core operating profi
Slide 3: FY2021 1Q Overview
2 FY2021 1Q Overview (in billions of yen) FY2020 1Q AM SC SP CO OO Total Revenue 8.7 5.3 10.6 2.7 4.3 31.5 Segment operating profit -0.3 0.2 1.8 0.2 0.6 2.5 Intersegment adjustment 0.0 Other income 0.1 Other expenses 0.1 Operating profit 2.5 Finance income 0.4 Finance costs 0.0 Profit before income
Slide 4: Segment Results: Advanced Materials
3 Segment Results: Advanced Materials Vs. FY2020 1Q (billions of yen) FY2020 FY2021 Change Revenue Operating Profit 1Q 1Q % Advanced Materials Advanced plastics Operating profit improved on higher sales Advanced plastics 5.0 9.7 +95% volumes of PVDF, PPS and PGA: continued strong demand for PVDF bin
Slide 5: Segment Results: Specialty Chemicals
4 Segment Results: Specialty Chemicals Vs. FY2020 1Q (billions of yen) FY2020 FY2021 Change Revenue Operating Profit 1Q 1Q % Specialty Chemicals Agrochemicals & Pharmaceuticals -52% Sales volume growth of Kremezin, a Agrochemicals 1.4 0.7 therapeutic agent for chronic kidney failures, Pharmaceutical
Slide 6: Segment Results: Specialty Plastics
5 Segment Results: Specialty Plastics Vs. FY2020 1Q (billions of yen) FY2020 FY2021 Change Revenue Operating Profit 1Q 1Q % Specialty Plastics Home products / Fiber products Operating profit growth driven by higher Home products 5.4 5.9 +8% ‘NEW Krewrap’ home products and Fiber products 1.0 1.3 +38%
Slide 7: Segment Results: Construction
6 Segment Results: Construction (billions of yen) FY2020 FY2021 Change Vs. FY2020 1Q 1Q 1Q % Construction Construction Revenue Operating Profit Construction 4.3 4.5 +4% Construction Elimination Decreases in revenue and operating profit -1.7 -1.9 -- (Intercompany sale) led by delays in the public con
Slide 8: Financial Position
7 Financial Position (billions of yen) Assets Liabilities and Equity Mar. 31 Jun. 30 Mar. 31 Jun. 30 Change Change 2021 2021 2021 2021 Cash and cash equivalents 17.8 16.8 -1.1 Trade and other payables 19.2 19.3 0.1 Trade and other receivables 28.2 28.1 -0.1 Interest-bearing debt 29.5 28.4 -1.1 Inven
Slide 9: PGA & PVDF Business Updates
8 PGA & PVDF Business Updates Revenue: PGA Revenue: PVDF ¥billion ¥billion 15 1.5 7.5 75 1.0 10 5.0 50 0.5 5 2.5 25 0 0 0 0 PGA frac plugs PGA stock shapes LiB binder application Other applications • The shale oil and gas market is gradually recovering • Robust PVDF sales continues on strong demand
Slide 10: Disclaimer
9 Disclaimer • These materials are supplied to provide a deeper understanding of our company, and are not intended to as a solicitation for investment or other actions. • These materials have been prepared by our company based on the information available at this point in time. However, actual perfo