Toyo Engineering Corporation · TSE:6330
Toyo Engineering — FY2011 Earnings Presentation
20 slides from Toyo Engineering's earnings presentation, May 15, 2012
Slide 1: Outline of Financial Results, Fiscal Year 2011
Fiscal Year 2011 (March 31, 2012) OUTLINE OF FINANCIAL RESULTS May 15, 2012
Slide 2: Contents
© 2012 Contents Outline of income statement New orders Performance summary 3 New orders 13 Income statement, Backlog of contracts 15 Comprehensive income 5 Net sales 6 Forecast 17 Gross profit 8 Operating, Ordinary & Net income 9 -Reference- Financial position Balance sheet 10 Historical data 19 Int
Slide 3: Performance summary
© 2012 Performance summary New orders : 269.1 billion yen (21% up compared with last fiscal year) Net sales : 157.8 billion yen (1% up compared with last fiscal year) Net income : 3.7 billion yen (1% down compared with last fiscal year) Dividends per share : 6 yen (Dividend increased by 1 yen) 3
Slide 4: Performance summary
© 2012 Performance summary < Billion yen > Forecast Achieve- 2011/3 2012/3 Difference 2012/3 Difference ment Net sales 155.6 157.8 +2.2 +1% 165.0 (7.2) 96% Gross profit 26.5 24.9 (1.6) -6% 25.5 (0.6) 98% Gross profit rate 17.1% 15.8% -1.3% 15.5% +0.3% Operating income 6.8 5.3 (1.5) -22% 5.5 (0.2) 96
Slide 5: Income statement, Comprehensive income
© 2012 Income statement, Comprehensive income < Billion yen > 2011/3 2012/3 Difference Forecast Difference Billion yen % Billion yen % 2012/3 Net sales 155.6 100.0 157.8 100.0 +2.2 165.0 (7.2) Cost of sales 129.1 83.0 132.9 84.2 (3.8) Gross profit 26.5 17.1 24.9 15.8 (1.6) 25.5 (0.6) Selling, genera
Slide 6: Net sales
© 2012 Net sales < Billion yen > Compared with forecast for 2012/3 326.2 2012/3 Achieve- Difference Forecast Result ment EPC 150.1 143.0 (7.1) 95% IT 12.2 12.2 +0.0 100% Real estate 2.7 2.6 (0.1) 96% Total 165.0 157.8 (7.2) 96% 173.9 155.6 157.8 Compared with last fiscal year 2011/3 2012/3 Differenc
Slide 7: Net sales breakdown by region and segment
© 2012 Net sales < Billion yen > Breakdown by region Breakdown by segment details Others 9.5 Chemical Others 3.7 fertilizers Real estate 2.6 China 18.9 Japan 15.8 2% IT 12.2 12% 42.3 2%6% 10% Petro- Central 8% chemicals 27% and 24.1 South 15% 14% 2012/3 General 13% 2012/3 America manufacturing 22.6
Slide 8: Gross profit
© 2012 Gross profit < Billion yen > Gross profit rate 19.0% 34.7 17.1% 32.9 15.8% 10.7% 26.5 24.9 2009/3 2010/3 2011/3 2012/3 Compared with forecast for 2012/3 2012/3 Achieve- Difference Forecast Result ment 25.5 24.9 (0.6) 98% Compared with last fiscal year 2009/3 2010/3 2011/3 2012/3 2011/3 2012/3
Slide 9: Operating, Ordinary & Net income
© 2012 Operating, Ordinary & Net income Line chart : Profit rate (%), Bar chart : Amount (billion yen) Operating income Ordinary income Net income 7.5% 8.3% 4.6% 4.4% 4.9% 4.5% 3.4% 4.1% 3.2% 2.0% 2.4% 2.4% 15.1 16.1 Real estate 1.1 14.4 IT 0.7 13.0 0.9 0.2 6.8 7.1 EPC 13.3 7.0 6.5 11.9 1.0 5.3 0.2
Slide 10: Balance sheet
© 2012 Balance sheet < Billion yen > Assets 2011/3 2012/3 Difference Liabilities and net assets 2011/3 2012/3 Difference Current assets 148.6 170.8 +22.2 Current liabilities 105.2 117.9 +12.7 Cash and deposits 45.0 48.0 +3.0 Short-term interest bearing debt 20.2 13.3 (6.9) Marketable securities 43.9
Slide 11: Interest bearing debt balance
© 2012 Interest bearing debt balance < Billion yen > 38.8 36.6 31.9 8.2 28.3 13.9 13.6 Consolidated 14.5 +2.2 subsidiaries 30.6 22.7 18.3 Non-consolidated 13.8 2009/3 2010/3 2011/3 2012/3 Interest bearing debt ratio Debt equity ratio (times) Net debt (billion yen) 18.5% 16.8% 17.5% 0.58 0.56 14.2% 0
Slide 12: Cash flows
© 2012 Cash flows < Billion yen > Cash flows 2009/3 2010/3 2011/3 2012/3 Operating activities (8.9) 10.8 11.3 5.7 Investing activities (4.9) (0.6) (1.3) (2.4) Financing activities (8.3) 2.2 3.8 0.1 Net increase/decrease in cash (23.8) 12.4 13.3 3.1 Free cash flow (13.9) 10.1 9.9 3.2 Cash and cash eq
Slide 13: New orders
© 2012 New orders < Billion yen > 2012/3 New orders : 269.1 billion yen 269.1 Compared with target for 2012/3 2012/3 49.1 Difference Achivement Target Result 222.5 Japan 40.0 49.1 +9.1 123% Overseas 240.0 220.0 (20.0) 92% 38.9 Total 280.0 269.1 (10.9) 96% Major contracts Over 50 billion yen Others,
Slide 14: New orders breakdown by region and segment
© 2012 New orders < Billion yen > Breakdown by Breakdown by 269.1 269.1 region segment details 222.5 222.5 132.4 132.4 119.2 119.2 2009/3 2010/3 2011/3 2012/3 2009/3 2010/3 2011/3 2012/3 Japan 56.6 39.9 38.9 49.1 Chemical fertilizers 19.1 4.8 34.9 18.3 Southeast Asia 4.1 4.0 114.6 15.4 Petrochemical
Slide 15: Backlog of contracts
© 2012 Backlog of contracts < Billion yen > 2012/3 Backlog of contracts 359.1 billion yen 359.1 30.7 Major contracts Over 50 billion yen Others, BRAZIL 224.4 224.6 Over 30 billion yen Energy-related, THAILAND 21.3 Petrochemical, EGYPT Japan 51.1 168.1 Energy-related, BRAZIL 328.4 36.2 Over 10 billio
Slide 16: Backlog of contracts by region and segment
© 2012 Backlog of contracts < Billion yen > Breakdown by Breakdown by 359.1 359.1 region segment details 224.4 224.6 224.4 224.6 168.1 168.1 2009/3 2010/3 2011/3 2012/3 2009/3 2010/3 2011/3 2012/3 Japan 51.1 36.2 21.3 30.7 Chemical fertilizers 62.4 33.9 55.4 74.8 Southeast Asia 22.6 2.8 101.8 107.0
Slide 17: Forecast for 2013/3
© 2012 Forecast < Billion yen > Forecast for 2013/3 2012/3 First half Full year Forecast for breakdowns by Net sales 157.8 120.0 300.0 segment Gross profit 24.9 13.0 29.5 First Full Net sales Gross profit rate 15.8% 10.8% 9.8% half year EPC 112.8 284.9 Operating income 5.3 2.0 8.5 IT 6.0 12.8 Real e
Slide 18: Forecast
© 2012 Forecast < Billion yen > Net sales New orders Profit rate Payout ratio 300.0 310.0 Gross profit rate 2.3 Real estate 269.1 42.0 Japan 12.8 IT 15.8% 27.4% 49.1 25.7% 9.8% 157.8 Overseas 2.6 284.9 EPC 12.2 268.0 Operating income rate 220.0 3.4% Include 143.0 2.8% commemorative dividend： 30.9% 2
Slide 19: Reference: Historical data
© 2012 -Reference- Historical data Forecast 2009/3 2010/3 2011/3 2012/3 2013/3 Net sales Billion yen 326.2 173.9 155.6 157.8 300.0 Gross profit Billion yen 34.7 32.9 26.5 24.9 29.5 Gross profit rate % 10.7% 19.0% 17.1% 15.8% 9.8% Operating income Billion yen 15.1 13.0 6.8 5.3 8.5 Operating income ra
Slide 20: Contact: Kenji Sato
URL http://www.toyo-eng.co.jp For further questions on this material, please contact: Kenji SATO General Manager Corporate Communication Division 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 TEL 81-47-454-1681 Email ir@ga.toyo-eng.co.jp The forecasts given above are based on information availab