Toagosei Co., Ltd. · TSE:4045
Toagosei — Q2 FY2017 Earnings Presentation
17 slides from Toagosei's earnings presentation, Aug 8, 2017
Slide 1: Financial Results for 2Q FY2017
Financial Results for 2Q FY2017 August 8, 2017 This document is a translation of the official Japanese version provided for information purpose only.
Slide 2: Overview of Results for 2nd Quarter of FY2017
Overview of Results for 2nd Quarter of FY2017 Scope of consolidation Number of consolidated subsidiaries: 20 (increase of 1 from FY2016: Toagosei (Thailand) established in August 2016) Number of equity-method affiliates: 2 (no change) 2016 2Q 2017 2Q Change (Millions of Net sales yen) 66,871 70,743
Slide 3: Revision of Business Segmentation
Revision of Business Segmentation Previous business segmentation After revision [Business supporting the Commodity Chemicals management base] Electrolysis products Commodity Chemicals High-purity inorganic products Acrylic Products Acrylic monomer [Businesses with core roles in the growth strategy]
Slide 4: Consolidated Results (by Segment)
Consolidated Results (by Segment) Net sales (by consolidated segment) (Millions of yen) Changes in net sales 2016 2Q 2017 2Q Volume Unit price Change Commodity Chemicals 30,197 32,684 1,273 1,215 2,487 Polymer & Oligomer 13,120 13,850 1,065 -335 729 Adhesive Material 5,763 5,938 176 -3 174 Performan
Slide 5: Other Income/Expenses and Extraordinary Income/Loss (Consolidated)
Other Income/Expenses and Extraordinary Income/Loss (Consolidated) [Other income/expenses] [Extraordinary income/loss] (Millions of yen) (Millions of yen) 2016 2Q 2017 2Q Change 2016 2Q 2017 2Q Change Interest and dividend income 507 480 -27 Gain on sales of - 369 369 non-current assets Equity in ea
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet (Millions of yen) [Balance Sheet] 2016.12 2017.6 Change ①Part of internal reserve is held as securities. Cash and deposits 28,966 29,228 262 ②③Market value of investment Notes and accounts securities increased because of receivable 40,302 39,675 -626 recovery of the stock
Slide 7: Overview of Consolidated Subsidiaries
Overview of Consolidated Subsidiaries (Results for 2nd Quarter of FY2017) (Millions of yen) Net income (loss) Ownership Net sales Operating income (loss) attributable to owners of Company name Segment (%) parent 2016 2Q 2017 2Q 2016 2Q 2017 2Q 2016 2Q 2017 2Q Commodity 1 Toa Techno-Gas Chemicals 100
Slide 8: Consolidated Results Forecast for FY2017
Consolidated Results Forecast for FY2017 (Millions of yen) FY2017 1H FY2017 2H FY2017 forecast Change FY2016 (A) (results) (forecast) (B) (B-A) Net sales 135,382 70,743 71,257 142,000 6,618 Operating income 16,147 8,793 9,207 18,000 1,853 Operating income ratio 11.9% 12.4% 12.9% 12.7% 0.8% Other inc
Slide 9: Consolidated Results Forecast for FY2017 (by Segment)
Consolidated Results Forecast for FY2017 (by Segment) Net sales (Millions of yen) FY2016 FY2017 Change Factors for change results forecast Commodity Chemicals 60,707 64,300 3,593 [Increase] Acrylic monomer, caustic soda, hydrochloric acid Polymer & [Increase] Acrylic polymer, UV-curable resin Oligom
Slide 10: Historical Consolidated Results
Historical Consolidated Results (Millions of yen) (Yen) 30,000 120 104.8 25,000 100 95.0 20,000 72.9 18,000(12.7%) 80 16,147(11.9%) 14,501(9.6%) 63.9 15,000 13,801 60 12,015(8.1%) 50.9 12,500 12,347(8.8%) 9,605 10,000 8,414 40 6,696 5,000 20 0 0 FY2013 FY2014 FY2015 FY2016 FY2017 (forecast) Operatin
Slide 11: Reference for Consolidated Performance
Reference for Consolidated Performance (Billions of yen) FY2017 FY2013 FY2014 FY2015 FY2016 forecast Depreciation and amortization 7.6 8.6 8.8 7.9 7.8 Capital investment 7.4 7.8 5.8 5.1 10.0 Research and development expenses 3.8 3.9 3.7 3.6 3.7 Overseas sales 23.8 24.8 23.1 21.6 23.0 Interest-bearin
Slide 12: Historical Reference for Consolidated Performance
Historical Reference for Consolidated Performance (Millions of yen) (Millions of yen) 200,000 77.5% 50,000 76.5% 75.9% 76.0% 177,200 74.4% 167,990 158,173 160,000 152,711 40,000 143,722 120,000 30,000 80,000 20,000 13,099 13,234 12,693 12,307 12,149 40,000 10,000 0 0 FY2013 FY2014 FY2015 FY2016 FY20
Slide 13: Medium-Term Management Plan: Operating Income Trend
Medium-Term Management Plan “Trajectory Toward Growth 2019” Operating income Trend (Billions of yen) 汎用製品 Commodity products 高付加価値製品 High-value-added products 20 18.0 18.0 16.1 14.5 15 12.0 12.3 10 8.8 12.5 10.2 11.0 5 9.2 8.0 8.4 5.3 0 13 FY2013 14 FY2014 15 FY2015 16 FY2016 1H17上期 of FY2017 17(予)
Slide 14: Medium-Term Management Plan: Investment Plan
Medium-Term Management Plan “Trajectory Toward Growth 2019” Investment Plan (Billions of yen) (Billions of yen) 2008～10 2008-10 23.0 Growth strategy M&A development 18.0 17.0 2011～13 2011-13 30.4 Infrastructure Strengthening of maintenance and the commodity 2014～16 2014-16 18.7 conservation business
Slide 15: Start of Construction of an Acrylic Polymer Plant in Thailand
Start of Construction of an Acrylic Polymer Plant in Thailand Toagosei (Thailand) Co., Ltd. Business line: Manufacturing and sales of acrylic polymer Location: Hemaraj Eastern Seaboard Industrial Estate 2, Chonburi Province, Thailand Start of construction: June 2017 Start of operation: June 2018 (pl
Slide 16: UV-curable Resin Aronix New Product
UV-curable Resin “Aronix®” New Product Succeeded in mass production of new acrylate using the originally developed catalyst ① Glycerol triacrylate Low viscosity and high hardness (scratch resistance), excellent adherent properties to various substrates ② High-hydroxyl-value pentaerythritol triacryla
Slide 17: New Acrylic Acid Manufacturing Process: Propane Oxidation Catalyst
New Acrylic Acid Manufacturing Process “Propane Oxidation Catalyst” Demonstration by pilot testing (using a full-scale single-tube reactor) ① Current process (multi-step process) Naphtha Cracking OR Propylene Acrolein Acrylic acid Propane Dehydrogenation Two-step oxidation ② New process using propan