Toyo Engineering Corporation · TSE:6330
Toyo Engineering — Q2 FY2011 Earnings Presentation
22 slides from Toyo Engineering's earnings presentation, Nov 11, 2011
Slide 1: Outline of Financial Results
Second quarter of fiscal year 2011 (September (September 30, 30, 2011) 2011) OUTLINE OF FINANCIAL RESULTS November 11, 2011
Slide 2: Contents
©2011 Contents I Outline of income statement III New orders Performance summary 3 New orders 15 Income statement, Comprehensive income 4 Backlog of contracts 17 Net sales 5 IV Forecast 19 Gross profit 8 Operating income 9 Ordinary income 10 -Reference- Net income 11 Subsidiaries information 20 II Fi
Slide 3: Performance summary
©2011 Performance summary ¾ Decreased in revenue but increased in profit compared with forecast for 2011/9. < Billion yen > Forecast Achieve- 2010/9 2011/9 Difference 2011/9 Difference ment Net sales 76.8 62.0 (14.8) -19% 80.0 (18.0) 78% Gross profit 12.8 11.8 (1.0) -8% 10.7 +1.1 110% Gross profit r
Slide 4: Income statement, Comprehensive income
©2011 Income statement, Comprehensive income < Billion yen > 2010/9 2011/9 Difference Forecast Difference Billions of % Billions of % Billions of 2011/9 yen yen yen Net sales 76.8 100.0 62.0 100.0 (14.8) 80.0 (18.0) Cost of sales 64.0 83.3 50.2 80.9 +13.8 Gross profit 12.8 16.7 11.8 19.0 (1.0) 10.7
Slide 5: Net sales
©2011 Net sales < Billion yen > Compared with forecast for 2011/9 173.9 180.0 2011/9 Difference Achievement 155.6 Forecast Result EPC 73.0 55.0 (18.0) 75% IT 5.7 5.7 +0.0 100% Real estate 1.3 1.3 +0.0 100% Total 80.0 62.0 (18.0) 78% 76.8 62.0 Compared with same period last year 2010/9 2011/9 Differe
Slide 6: Net sales
©2011 Net sales < Billion yen > 2011/9 Net sales : 62.0 billion yen Breakdown by region Japan Overseas 43.3 billion yen 70% Southeast Southwest Asia, Central and Japan China Asia Middle East South America 18.7 7.0 11.1 and Africa 9.5 30% 11% 18% 11.2 18% 15% Russia and Central Asia 3.0 5% Others 1.5
Slide 7: Net sales
©2011 Net sales < Billion yen > Breakdown by 173.9 Breakdown by 173.9 region 155.6 segment details 155.6 76.8 76.8 62.0 62.0 2010/3 2010/9 2011/3 2011/9 2010/3 2010/9 2011/3 2011/9 Japan 50.9 30.6 55.4 18.7 Chemical fertilizers 24.3 6.4 10.8 4.5 Southeast Asia 22.2 4.1 15.3 11.1 Petrochemicals 41.5
Slide 8: Gross profit
©2011 Gross profit < Billion yen > Gross profit rate 19.0% 19.0% 32.9 17.1% 16.7% 13.9% 26.5 25.0 2010/3 2010/9 2011/3 2011/9 2012/3 Forecast 12.8 11.8 Compared with forecast for 2011/9 2011/9 Difference Achievement Forecast Result 10.7 11.8 +1.1 110% Compared with same period last year Forecast 201
Slide 9: Operating income
©2011 Operating income < Billion yen > Operating income rate 13.0 7.5% 4.4% 4.0% 2.9% 2.7% 6.8 5.0 2010/3 2010/9 2011/3 2011/9 2012/3 Forecast 2.2 2.4 Compared with forecast for 2011/9 2011/9 Difference Achievement Forecast Result EPC (1.4) 2.0 +3.4 - Forecast IT (0.0) 0.0 +0.0 - 2010/3 2010/9 2011/
Slide 10: Ordinary income
©2011 Ordinary income < Billion yen > Ordinary income rate 8.3% 14.4 4.5% 3.3% 3.0% 2.2% 2010/3 2010/9 2011/3 2011/9 2012/3 7.0 Forecast 4.0 Compared with forecast for 2011/9 2011/9 Difference Achievement 2.5 Forecast Result 1.8 (0.9) 1.8 +2.7 - Compared with same period last year Forecast 2010/3 20
Slide 11: Net income
©2011 Net income < Billion yen > Net income rate 7.1 4.1% 2.4% 2.4% 1.5% 1.5% 3.7 2.7 2010/3 2010/9 2011/3 2011/9 2012/3 Forecast 1.5 1.1 Compared with forecast for 2011/9 2011/9 Difference Achievement Forecast Forecast Result 2010/3 2010/9 2011/3 2011/9 2012/3 (1.0) 1.5 +2.5 - Compared with same pe
Slide 12: Balance sheet
©2011 Balance sheet < Billion yen > Assets 2011/3 2011/9 Difference Liabilities and net assets 2011/3 2011/9 Difference Current assets 148.6 150.1 +1.5 Current liabilities 105.2 106.4 +1.2 Cash and deposits 45.0 46.9 +1.9 Short-term interest bearing debt 20.2 20.2 +0.0 Marketable securities 43.9 44.
Slide 13: Interest bearing debt balance
©2011 Interest bearing debt balance < Billion yen > 36.6 36.7 31.9 31.4 13.9 14.7 Consolidated subsidiaries 13.6 13.8 +0.1 22.7 22.0 Non-consolidated 18.3 17.6 2010/3 2010/3 2010/9 2010/9 2011/3 2011/3 2011/9 2011/9 Interest bearing debt ratio (%) Debt equity ratio (times) Net debt (billion yen) 0.5
Slide 14: Cash flows
©2011 Cash flows < Billion yen > 20.0 Cash flows 10.0 0.0 (10.0) 2009/4 - 2010/3 2010/4 - 9 2010/4 - 2011/3 2011/4 - 9 Operating activities 10.8 (0.0) 11.3 3.5 Investing activities (0.6) 1.0 (1.3) (0.4) Financing activities 2.2 (1.3) 3.8 (0.6) Net increase / decrease in cash 12.4 (0.7) 13.3 2.4 Free
Slide 15: New orders
©2011 New orders ¾ Reached 27% of target for 2012/3 (280 billion yen). 2011/9 New orders : 75.3 billion yen < Billion yen > 280.0 Compared with target for 2012/3 40.0 Target Result Difference Achievement 2012/3 2011/9 222.5 Japan 40.0 23.1 (16.9) 58% Overseas 240.0 52.2 (187.8) 22% 38.9 Total 280.0
Slide 16: New orders
©2011 New orders < Billion yen > Breakdown by Breakdown by region 222.5 segment details 222.5 132.4 132.4 75.3 75.3 62.1 62.1 2010/3 2010/9 2011/3 2011/9 2010/3 2010/9 2011/3 2011/9 Japan 39.9 22.6 38.9 23.1 Chemical fertilizers 4.8 2.8 34.9 14.7 Southeast Asia 4.0 4.7 114.6 9.2 Petrochemicals 35.8
Slide 17: Backlog of contracts
©2011 Backlog of contracts < Billion yen > 232.8 2011/9 Backlog of contracts : 232.8 billion yen 224.6 27.0 21.3 Major contracts 168.1 147.5 Over 10 billion yen Japan 36.2 Chemical fertilizer, INDONESIA 28.8 General manufacturing facility, INDONESIA 203.3 205.8 Energy-related, THAILAND Overseas Chem
Slide 18: Backlog of contracts
©2011 Backlog of contracts < Billion yen > Breakdown by Breakdown by 232.8 232.8 region 224.6 segment details 224.6 168.1 168.1 147.5 147.5 2010/3 2010/9 2011/3 2011/9 2010/3 2010/9 2011/3 2011/9 Japan 36.2 28.8 21.3 27.0 Chemical fertilizers 33.9 28.4 55.4 64.6 Southeast Asia 2.8 3.2 101.8 99.0 Pet
Slide 19: Forecast
©2011 Forecast < Billion yen > Forecast for 2012/3 2011/3 Forecast for breakdowns Initial plan New plan by segment Net sales 155.6 180.0 180.0 Initial New Net sales plan plan Gross profit 26.5 24.0 25.0 EPC 165.8 165.1 Gross profit rate 17.1% 13.3% 13.9% IT 11.5 12.2 Operating income 6.8 2.5 5.0 Rea
Slide 20: Reference: Subsidiaries information
©2011 - Reference - Subsidiaries information Results of major subsidiaries and affiliates Business Net sales Capital Share fields 2011/9 Consolidated subsidiaries Billion yen % Billion yen Japan Toyo Business Engineering Corporation IT 0.7 51 5.7 Japan TEC Estate, Ltd. Real Estate 2.7 100 0.9 Japan
Slide 21: Reference: Historical data
©2011 - Reference - Historical data Forecast 2010/3 2010/9 2011/3 2011/9 2012/3 Net sales Billion yen 173.9 76.8 155.6 62.0 180.0 Gross profit Billion yen 32.9 12.8 26.5 11.8 25.0 Gross profit rate % 19.0% 16.7% 17.1% 19.0% 13.9% Operating income Billion yen 13.0 2.2 6.8 2.4 5.0 Operating income rat
Slide 22: Contact information
For further questions on this material, please contact ; URL http://www.toyo-eng.co.jp Kazuhiro SAKUMA IR Manager Corporate Communications Division 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 TEL 81-90-4377-2980 The forecasts given above are based on information available at the time of compil