Lg Chem Ltd. · KRX:051910
Lg Chem — Q1 2012 Earnings Presentation
12 slides from Lg Chem's earnings presentation, Apr 19, 2012
Slide 1: 1Q 2012 Business Results & Outlook
1Q 2012 Business Results & Outlook Apr 19, 2012
Slide 2: Disclaimer
Disclaimer The business results for the first quarter of 2012 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. From 2012, this material shows business results and related substances
Slide 3: Table of Contents
Table of Contents 1Q 2012 Business Results 1 Divisional Results & Outlook 3 Appendix 5 - Divisional Sales & Operating Profit - Borrowings & Cash Flow - CAPEX Plan & Results - Quarterly Price Trends - Monthly Price Trends
Slide 4: 1Q 2012 Business Results: Income Statements
1Q 2012 Business Results Income Statements (Unit: KRW bn) Classification ’11.1Q ’11.4Q ’12.1Q YoY QoQ Sales 5,491 5,600 5,753 4.8% 2.8% Operating Profit 835 500 460 -45.0% -8.2% (%) (15.2) (8.9) (8.0) Pre-tax Income 841 502 440 -47.7% -12.3% (%) (15.3) (9.0) (7.7) Net Income 657 377 381 -42.0% 1.0%
Slide 5: 1Q 2012 Business Results: Financial Position
1Q 2012 Business Results Financial Position Financial Position Financial Ratios (Unit: KRW bn) Classification ’11 ’12.1Q Change Classification ’11 ’12.1Q Change Asset 15,286 16,391 7.2% Total Liabilities/ 57.5 67.5 10.0%p Cash and Equity (%) equivalents 1,379 1,814 31.5% Borrowings / 26.0 29.4 3.4%p
Slide 6: Divisional Results & Outlook: Petrochemicals
Divisional Results & Outlook Petrochemicals Business results Analysis (Unit: KRW bn) • Analysis ▣ Overall margin declined due to rising feedstock costs and 4,491 weaker-than-expected China demand 4,276 4,150 -NCC/PO : PO spreads squeezed by naphtha price hikes NCC/PO 26% 29% 30% -PVC : Improved marg
Slide 7: Divisional Results & Outlook: I&E Materials / Energy Solution
Divisional Results & Outlook I & E Materials / Energy Solution Business results Analysis (Unit: KRW bn) • Analysis ▣ Sales and profitability declined slightly due to weak seasonality and sluggish demand - I&E : Maintained stable profitability thanks to continuous cost Materials reduction and favorab
Slide 8: Divisional Sales & Operating Profit
Appendix Divisional Sales & Operating Profit (Unit: KRW bn) 2011 2012 Classification 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 5,491 5,700 5,886 5,599 22,676 5,753 5,753 Operating Profit 835 775 724 500 2,835 460 460 Petrochemicals 4,276 4,328 4,570 4,150 17,325 4,491 4,491 NCC/PO 1,091 1,136 1,279
Slide 9: Borrowings & Cash Flow
Appendix Borrowings & Cash Flow Borrowings Cash Flow (Unit : KRW bn) (Unit: KRW bn) Classification ’11 ’12.1Q Classification ’11 ’12.1Q Total 2,527 2,873 (Overseas Subsidiaries) (1,044) (1,075) Beginning Cash 1,368 1,379 100% 100% Operating/Investing -96 88 KRW Currency 475 771 19% 27% Net Income 2,
Slide 10: CAPEX Plan & Results
Appendix CAPEX Plan & Results (Unit: KRW bn) Classification ’10 ’11 ’12 Plan ’12.1Q New / Expansion 320 664 743 174 Petrochemicals Maintenance 266 296 269 27 Total 586 960 1,012 201 New / Expansion 425 330 539 53 I&E Maintenance 78 100 89 20 Materials Total 503 430 628 73 New / Expansion 389 660 473
Slide 11: Quarterly Price Trends
Appendix Appendix Quarterly 분기별 제품가격 Price Trends 추이 (Unit:U$/MT) (Unit:U$/MT) 1,696 1,611 4,458 1,600 1,535 4,159 1,526 3,997 1,413 3,766 1,377 1,375 1,356 3,612 1,198 3,479 1,320 1,326 3,310 1,304 1,364 3,214 1,253 3,397 1,213 1,311 1,306 1,275 2,728 1,255 1,248 2,581 1,260 2,483 2,417 1,139 2,104
Slide 12: Monthly Price Trends
Appendix Appendix Monthly Price Trends 월별 제품가격 추이 (Unit:U$/MT) (Unit:U$/MT) 4,520 4,498 4,322 4,355 1,714 1,683 1,693 4,170 1,680 4,100 4,054 1,645 3,986 4,165 3,835 3,976 3,794 3,803 1,578 3,916 3,790 1,523 1,508 1,505 3,329 3,670 1,434 3,418 1,411 3,100 3,440 1,398 1,383 1,385 1,385 3,216 1,370 1,