Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — Q1 FY2012 Earnings Presentation
16 slides from Ajinomoto's earnings presentation, Jul 31, 2012
Slide 1: Consolidated Results First Quarter Ended June 30, 2012
Consolidated Results First Quarter Ended June 30, 2012 1. Overview 2. Financial Position 3. Segment Information July 31, 2012 Ajinomoto Co., Inc. Copyright © 2012 Ajinomoto Co., Inc. All rights reserved.
Slide 2: 1. (1) Overview of Results
1. (1) Overview of Results (¥ Billion) Apr.-June Apr.-June FY2012 Progress YoY Change 2012 2011 (Forecast) (A) Amount % (B) A/B Net sales 296.7 296.4 0.3 0% 1,221.0 24% Domestic Food Products 109.7 105.5 4.2 4% 411.0 27% Overseas Food Products 58.0 57.5 0.5 1% 254.0 23% Bioscience Products & 49.8 51
Slide 3: 1.(2) Comments on Results for the First Three Months of FY2012
1.(2) Comments on Results for the First Three Months of FY2012 Net sales was essentially the same as in the first three months of the previous fiscal year despite the impact of exchange rates. Operating income decreased because of lower operating income in every segment except Bioscience Products &
Slide 4: 1. (3) Comments on Results for the First Three Months of FY2012
1. (3) Comments on Results for the First Three Months of FY2012 Ordinary income (¥ Billion) Apr.-June Apr.-June Change Full-year Progress * None 2012 2011 Amount % Forecast Non-operating 1.6 1.0 0.6 65% 3.0 - income (net) Ordinary income 20.9 22.6 -1.8 -8% 76.5 27% Net income (¥ Billion) Apr.-June A
Slide 5: 2. Financial Position
2. Financial Position (¥ Billion) June 30, 2012: Total assets 1,052.6 ¥44.4 billion decrease in total assets from March 31, 2012: * Decrease in cash and deposits due to share repurchase Current Liabilities Liabilitie * Decrease due to translation of overseas subsidiaries’ balance assets sheets into
Slide 6: 3. (1) Change by Business Segment
3. (1) Change by Business Segment Net sales (¥ Billion) Apr.-June 2011 296.4 Currency translation Domestic Food Products +4.2 Overseas Food Products Effect of Currency Translation +0.5 Bioscience Products & Fine Chemicals -2.1 Overseas Food Products: -4.4 Pharmaceuticals Bioscience Products & -1.4 F
Slide 7: 3. (2) Domestic Food Products
3. (2) Domestic Food Products (¥ Billion) Full-year Apr.-June 2012 Progress Apr.-June 2011 Change Forecast Net sales 109.7 411.0 27% 105.5 4.2 Seasonings & 53.9 - - 52.3 1.7 *1 processed foods Frozen foods 28.2 - - 26.8 1.4 *2 Beverages ("Calpis") 27.6 - - 26.4 1.2 *3 Operating income 9.0 32.6 28% 1
Slide 8: 3. (3) Overseas Food Products
3. (3) Overseas Food Products (¥ Billion) Full-year Apr.-June 2012 Progress Apr.-June 2011 Change Forecast Net sales 58.0 254.0 23% 57.5 0.5 Consumer foods 46.9 206.5 23% 45.4 1.4 *1 Umami seasonings for 11.1 47.5 23% 12.1 -1.0 *2 processed food mfrs. Operating income 5.2 23.0 23% 6.0 -0.8 *3 Shared
Slide 9: 3. (4) Bioscience Products & Fine Chemicals
3. (4) Bioscience Products & Fine Chemicals (¥ Billion) Full-year Apr.-June 2012 Progress Apr.-June 2011 Change Forecast Net sales 49.8 215.0 23% 51.9 -2.1 Feed-use amino acids 23.3 93.9 25% 21.4 1.9 *1 Amino acids 15.4 - - 18.2 -2.8 *2 Specialty chemicals 10.0 - - 10.9 -0.9 *3 Operating income 4.4
Slide 10: 3. (5) Pharmaceuticals
3. (5) Pharmaceuticals (¥ Billion) Full-year Apr.-June 2012 Progress Apr.-June 2011 Change Forecast Net sales 18.1 76.0 24% 19.6 -1.4 *1 Operating income 0.7 2.3 31% 1.4 -0.7 *2 Shared companywide - 0.0 -0.5 -2.0 27% -0.5 expenses *1 Sales of self-distributed products decreased due to the impact of
Slide 11: 3. (6) Business Tie-Ups and Other Business
3. (6) Business Tie-Ups and Other Business (¥ Billion) Full-year Business Tie-Ups Apr.-June 2012 Progress Apr.-June 2011 Change Forecast Net sales 43.7 189.0 23% 44.4 -0.7 Edible oils 10.3 - - 10.8 -0.5 *1 Coffee products 33.4 - - 33.6 -0.2 *2 Operating income 0.4 1.6 23% 0.4 - 0.0 Shared companywid
Slide 12: 3. (7) Net Sales by Business & Geographical Area
3. (7) Net Sales by Business & Geographical Area Upper row: Apr.-June 2012; lower row: Apr.-June 2011. Figures in parentheses represent YoY change. (¥ Billion) Japan Asia Americas Europe Total Domestic Food 105.9 (4.1) 1.5 (0.0) 1.9 (0.1) 0.4 (-0.1) 109.7 (4.2) Products 101.8 1.5 1.8 0.4 105.5 Overs
Slide 13: 3. (8) Operating Income by Business & Geographical Area
3. (8) Operating Income by Business & Geographical Area Left: Apr.-June 2011; right: Apr.-June 2012 (¥ Billion) 10.5 9.0 6.0 5.2 4.4 3.6 1.4 0.7 0.4 0.4 -0.3 -0.4 Domestic Overseas Bioscience Pharma- Business Other Business Food Products Food Products Products & Fine ceuticals Tie-Ups Chemicals * Un
Slide 14: 3. (9) Comments on Operating Income by Business & Geographical Area
3. (9) Comments on Operating Income by Business & Geographical Area Apr.–June 2012 Change Compared with Same Period of Previous Year (¥ Billion) 1. Overseas Food Products [YoY change] Japan -¥0.3; Asia +¥0.2; Americas +¥0.6; Europe -¥0.7; Other* -¥0.7; Total -¥0.8 Americas: Increase due to positive
Slide 15: [Reference] 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). (USD/kg, CIF) (USD/ST) 4.5 300 Feed-Use Lysine Market Price (USD/kg) & CBOT Spread (USD/ST) 4.0 250 3.5 Spread 3.0 200 2.5 150 2.0 1
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