Denka Co., Ltd. · TSE:4061
Denka — Q1 FY2020 Earnings Presentation
14 slides from Denka's earnings presentation, August 2020
Slide 1: Results Presentation of FY2020 1Q
Results Presentation of FY2020 1Q Denka Co.,Ltd August 2020
Slide 2: Table Of Contents
Table Of Contents Table Of Contents 1. FY2020 1Q Outlook ① Summery （year on year） P. 2 ② Variance Analysis （year on year） P. 3 ③ By Segments (year on year) P. 5 ④ Economic Precondition P. 6 2. FY2020 Forecast ① Summery （year on year） P. 7 ② 1st Half By Segments (year on year) P. 8 ③ Full-year By Seg
Slide 3: FY2020 1Q Outlook ① Summary (year on year)
FY2020 1Q Outlook ① Summery （year on year） in billion Yen FY 2020 FY 2019 Incr. 1Q 1Q Act Act △Decr. Elastomer & Performance Plastics △ 2.5 Sales 76.2 90.9 △ 14.7 Infrastructure & Social Solutions △ 0.1 Electronics & Innovative Products + 0.2 Living & Environment Products + 0.3 Life Innovation △ 0.0
Slide 4: ② Variance Analysis
FY2020 1Q Outlook ② Variance Analysis （year on year） in billion Yen Sales 76.2 (△14.7 ) ① Decrease in sales volume ： （△ 9.0） Impact of the novel coronavirus pandemic, etc. ② Differences in sales prices ： （△ 5.6） impact of downward revisions of sales prices of styrene- based products in step with plu
Slide 5: FY2020 1Q Outlook ② Variance Analysis (year on year)
FY2020 1Q Outlook ② Variance Analysis （year on year） in billion Yen FY2019 Spread Cost of FY 2020 Decreased Yen Other 1Q shipment except yen costs upfront 1Q depreciation depreciation investment Actual Actual 6.7 △ 3.4 ＋0.8 △ 0.3 + 1.0 △ 0.3 4.4 Other Impact of the R&D △0.3 novel coronavirus cost +5
Slide 6: FY2020 1Q Outlook ③ By Segments (year on year)
FY2020 1Q Outlook ③By Segments (year on year) in billion Yen FY 2020 1Q FY 2019 1Q Incr. Sales Act Act △Decr. Price Volume Elastomers & Performance Plastics 27.1 39.4 △ 12.3 △ 5.5 △ 6.8 Infrastructure & Social Solutions 11.7 12.9 △ 1.2 + 0.1 △ 1.3 Electronic & Innovative Products 15.6 15.5 ＋ 0.0 △ 0
Slide 7: FY2020 1Q Outlook ④ Economic Precondition
FY2020 1Q Outlook ④ Economic Precondition Economic FY 2020 1Q FY 2019 1Q Precondition Act Act Forex [USD 1.0 = Yen] 107.7 110.8 Naphtha price [Yen/Kl] 26,000 45,800 in billion Yen FY 2020 1Q FY 2019 1Q Incr. Reference ▲Decr. Act Act Investment 7.1 5.3 ＋ 1.8 Depreciation 5.7 5.5 ＋ 0.2 R&D 3.8 3.5 ＋ 0
Slide 8: FY2020 Forecast ① Summary (year on year)
FY2020 Forecast ① Summery （year on year） in billion Yen FY2020 FY2019 Forecast 1st Half 2nd Half Actual 1st Half 2nd Half Sales 360.0 160.0 200.0 380.8 192.0 188.8 Operating Income 31.0 12.0 19.0 31.6 15.3 16.2 Operating Margin (8.6 ％) ( 7.5 ％) （9.5 ％） ( 8.3 ％) （8.0％） ( 8.6 ％) Ordinary Income 29.0 1
Slide 9: FY2020 Forecast ② 1st Half By Segments (year on year)
FY2020 Forecast ② 1st Half By Segments (year on year) in billion Yen FY 2020 FY 2019 Sales 1H 1H Incr. △Decr. Price Volume Forecast Act Elastomers & Performance Plastics 55.0 78.7 △ 23.7 △ 11.5 △ 12.1 Infrastructure & Social Solutions 25.0 26.9 △ 1.9 + 0.3 △ 2.3 Electronic & Innovative Products 33.0
Slide 10: FY2020 Forecast ③ Full-year By Segments (year on year)
FY2020 Forecast ③ Full-year By Segments (year on year) in billion Yen FY 2020 FY 2019 Incr. Sales Forecast Act △Decr. Price Volume Elastomers & Performance Plastics 125.0 149.3 △ 24.3 △ 23.7 △ 0.6 Infrastructure & Social Solutions 55.0 54.8 + 0.2 + 0.9 △ 0.7 Electronic & Innovative Products 73.0 68.
Slide 11: FY2020 Forecast ④ Economic Precondition
FY2020 Forecast ④ Economic Precondition Economic FY2020 FY2019 Precondition Forecast 1st Half 2nd Half Actual 1st Half 2nd Half Forex [USD 1.0 = Yen] 108.0 107.8 108.0 109.1 109.2 109.1 Naphtha price [Yen/Kl] 36,000 28,100 44,000 42,650 42,800 42,500 in billion Yen FY2020 FY2019 Reference Forecast A
Slide 12: FY2020 Forecast ⑤ Assumptions used to formulate forecast
FY2020 Forecast ⑤ Assumptions used to formulate forecast （Initial forecast） The effect of the novel coronavirus pandemic will gradually taper off from the second quarter onward and economic activity will be largely normalized in the 2nd half. Compared to the Initial forecast • In the 1st half, the p
Slide 13: FY2020 Forecast ⑥ Shareholder Return
FY2020 Forecast ⑥ Shareholder Return FY2020 FY2020 FY2016 FY2017 FY2018 FY2019 1st Half Full-year Actual Actual Actual Actual Forecast Forecast Net Income in billion Yen 18.1 23.0 25.0 22.7 10.0 21.0 Dividend per share ※ 70.0 105.0 120.0 125.0 60.0 TBD Total Dividend in billion Yen 6.2 9.2 10.5 10.8
Slide 14: Possibility of chemistry
Possibility of chemistry Denka