Resonac Holdings Corporation · TSE:4004
Resonac — Showa Denko K.K. — Q1 2017 Earnings Presentation
17 slides from Resonac's earnings presentation, May 10, 2017
Slide 1: First Quarter, 2017 Financial Results - Consolidated
Evolving unique chemical company First Quarter, 2017 Financial Results - Consolidated - SHOWA DENKO K.K. May 10, 2017 Toshiharu Kato, CFO Director & Corporate Officer Performance forecast and other statements pertaining to the future as contained in this presentation are based on the information ava
Slide 2: Consolidated Companies and Selected Data
Consolidated Companies Consolidated subsidiaries: 50 2 companies newly consolidated Showa Denko New Material (Zhuhai) Co., Ltd. Shanghai Showa Highpolymer Trading Co., Ltd. Equity method applied: 12 Newly applied or excluded: none Selected Data (Average figure) Jan.- Mar. Jan.- Mar. Increase/ 20
Slide 3: Summary
Summary (Unit: Billions of Yen) Increase/ 2017 1H CQ1, 2016 CQ1, 2017 decrease forecast* Net Sales 156.0 183.2 27.2 373.0 Operating Income 2.9 19.7 16.8 29.0 Non-operating income and expenses, net -1.2 -2.0 -0.8 -4.5 Interest/Dividends income and expenses -0.5 -0.3 0.2 Equity in earnings of affiliat
Slide 4: Extraordinary Profit/Loss
Extraordinary Profit/Loss (Unit: Billions of Yen) Increase/ CQ1, 2016 CQ1, 2017 decrease Extraordinary Profit 0 0.2 0.2 Gain on sales of investment securities － 0.2 0.2 Extraordinary Loss -1.6 -1.6 -0.1 Loss on sales and retirement of noncurrent -0.7 -0.6 0.1 assets Impairment loss -0.2 -0.7 -0
Slide 5: Consolidated Sales by Segment
Consolidated Sales by Segment (Unit: Billions of Yen) CQ1, CQ1, Increase/ 1H, 2017 2016 2017 decrease forecast* 【Olefins】 sales increased (naphtha price up, shipment volumes slightly up) Petrochemicals 42.9 64.6 21.7 【Organic chemicals】 sales increased (vinyl acetate, ethyl acetate: shipment volumes
Slide 6: Consolidated Operating Income by Segment
Consolidated Operating Income by Segment (Unit: Billions of Yen) CQ1, CQ1, Increase/ 1H, 2017 2016 2017 decrease forecast* 【Olefins】 profit increased (continuation of high operation, market price up) Petrochemicals 1.5 10.6 9.1 【Organic chemicals】 profit increased (vinyl acetate, ethyl acetate: ship
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet (Unit: Billions of Yen) Assets Dec. 31, Mar.31, Increase/ Liabilities and Net Assets Dec. 31, Mar.31, Increase/ 2016 2017 decrease 2016 2017 decrease Cash and deposits 69.9 76.2 6.3 Notes and accounts payable 104.0 95.9 -8.1 Notes and accounts receivable 143.8 138.0 -5.8 I
Slide 8: Total Assets, Interest-bearing Debt and D/E ratio
Total Assets Interest-bearing Debt and D/E ratio (Unit: Billions of Yen) Dec. 31, Mar.31, Increase/ 2016 2017 decrease Total assets 932.7 941.0 8.3 Interest-bearing debt 359.9 363.0 3.0 Debt/Equity ratio 1.16 times 1.11 times -0.05p Stockholders’ Equity ratio 31.8% 33.3% 1.5p Showa Denko 1st
Slide 9: (Reference) Quarterly Operating Income
(Reference) Quarterly Operating Income 2017 (Unit: Billions of Yen) 2016 20.0 19.7 16.6 15.0 13.9 10.0 8.7 5.0 2.9 0.0 CQ1 CQ2 CQ3 CQ4 Showa Denko 1st Quarter, 2017 Consolidated Financial Results 9
Slide 10: (Reference) Quarterly Operating Income by Segment
(Reference) Quarterly Operating Income by Segment 《Petrochemicals》 《Chemicals》 (Unit: Billions of Yen) (Unit: Billions of Yen) 2017 5.0 2017 12.0 2016 2016 10.6 4.3 4.1 10.0 4.0 3.1 8.0 7.3 3.0 2.9 5.9 6.0 2.5 6.0 2.0 4.0 2.0 1.5 1.0 0.0 0.0 CQ1 CQ2 CQ3 CQ4 CQ1 CQ2 CQ3 CQ4 Showa Denko 1st Quarter, 2
Slide 11: (Reference) Quarterly Operating Income by Segment
(Reference) Quarterly Operating Income by Segment 《Electronics》 《Inorganics》 (Unit: Billions of Yen) (Unit: Billions of Yen) 2017 2017 2.0 2016 2016 8.0 1.0 6.0 5.8 4.4 0.0 4.0 CQ1-0.1 CQ2 CQ3 CQ4 2.8 -1.0 -0.7 -0.7 1.9 -2.0 0.0 -2.0 CQ1 CQ2 CQ3 CQ4 -2.4 11 (note) From 2017 SDK changes the segmentat
Slide 12: (Reference) Quarterly Operating Income by Segment
(Reference) Quarterly Operating Income by Segment 《Aluminum》 《Others》 (Unit: Billions of Yen) 2.0 2017 (Unit: Billions of Yen) 2017 1.0 2016 2016 1.6 1.5 1.5 1.3 1.2 0.5 1.0 0.2 0.2 0.2 0.1 0.1 0.0 CQ1 CQ2 CQ3 CQ4 0.5 0.2 0.0 -0.5 CQ1 CQ2 CQ3 CQ4 (note) From 2017 SDK changes the segmentation (LIB ma
Slide 13: Delay in announcement of 2016 financial results and other related documents
Delay in announcement of 2016 financial results and other related documents SDK postponed announcement of its consolidated financial results for the year ended in December 2016, which was originally scheduled to be on February 14, 2017, and finally announced them on April 25, 2017. This delay was ca
Slide 14: Topics
Topics [General] ● Decided not to renew reaction policy on large-scale share purchases SDK decided not to renew its Reaction Policy on Large-scale Purchases of the Company’s Stock Certificates (Reaction Policy), which was due to expire at the close of its 108th ordinary general meeting of shareholde
Slide 15: Topics: Aluminum segment
Topics [Aluminum segment] ● Showa Aluminum Can decided to establish second production base in Vietnam Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of SDK, decided to establish its second base in Vietnam to produce aluminum cans, aiming to expand its business in that country. This
Slide 16: Topics: Aluminum segment
Topics [Aluminum segment] ● Showa Denko Group to establish JV with Carabao Group in Thailand In March 2017, SDK, Showa Aluminum Can Corporation (SAC), which is a consolidated subsidiary of SDK, and Carabao Group Public Company Limited (CBG), a beverage maker which has the second largest share in the
Slide 17: Showa Denko 1st Quarter, 2017 Consolidated Financial Results
Showa Denko 1st Quarter, 2017 Consolidated Financial Results 17