Toyo Engineering Corporation · TSE:6330
Toyo Engineering — H1 FY2008 Earnings Presentation
10 slides from Toyo Engineering's earnings presentation, Nov 12, 2008
Slide 1: Corporate Performance Briefing in first half of FY2008
Corporate Performance Briefing in first half of FY2008 Global Toyo for Client Value Enhancement November 12, 2008 Yutaka Yamada President & CEO
Slide 2: Contents
©2008 Contents 1 Market Outlook 2 Corporate Performance Update 3 Major Projects in Progress 4 New Business Development 5. Sales & Marketing Strategies 6. Performance Projection FY2008 7. Summary of Current Mid-term Corporate Plan 2
Slide 3: 1. Market Outlook
©2008 １． Market Outlook Financial crisis/global recession & its impact on capital investment • Shrinking financial sources due to the credit crunch among financial institutions • Setback in end-product demands • Plummeting oil price • Alleviating cost & delivery of equipment/materials ⇒ Wait & See
Slide 4: 2. Corporate Performance Update
©2008 2. Corporate Performance Update 《Profit》 • Contributions of current projects in progress • Continual management initiatives and commitment to early risk mitigation • Robustness of foreign exchange risk mitigation ⇒ Full-hedging policy Profit for 1st Half of FY2008 as planned 《Orders》 Very Low
Slide 5: 3. Major Projects in Progress
©2008 3. Major Projects in Progress ー Appropriate Work Load to Continueー Client Plant Site Location * Dow Corning (Zhangiagang) Chlorocilan China * Shell Eastern Petroleum Ethylene Singapore PTT Polyethylene Ethylene Thailand PT Pertamina Oil Refinery/Petrochem Integration Indonesia Qatar Shell GTL
Slide 6: 4. New Business Development
©2008 4. New Business Development Upstream / New Energy • Moeco Thai Oil Development Co. Ltd. Share increased from 10% to 20% • FPSO order: Detail design work of crude oil processing unit for Angola BP • Micro-GTL Joint development program in progress Social Infrastructure • Earth Tech Mexican H
Slide 7: 5. Sales & Marketing Strategies
©2008 5. Sales & Marketing Strategies First priority given to sales profit • Scrutinize risk mitigation plan at project take-up decision • Targeted sales profit within achievable reach Balanced focus on Cost-reimburse type projects • Increasing demands for Cost-reimburse type projects of large-s
Slide 8: 6. Performance Projection FY2008 - Consolidated
©2008 6. Performance Projection FY2008 - Consolidated- （Unit: Billion JY） FY2007 FY2008 FY2008 Actual Target Projection Net Sales 327.4 320.0 330.0 Gross Profit 34.4 34.0 35.0 Operating Income 13.7 15.5 15.0 Ordinary Income 16.0 16.0 16.5 Net Income 8.0 8.5 8.5 Dividends J¥ 6 J¥ 7 J¥ 7 New Orders 26
Slide 9: 7. Summary of Current Mid-term Corporate Plan
©2008 7. Summary of Current Mid-term Corporate Plan Revenue & profit targets achieved in FY2007, one year ahead of schedule Other action plans in progress i.e. Global Toyo Program Sales & marketing network Large-scale/complex project execution Major managerial issues carried-over to next mid-ter
Slide 10: Contact and Forward-looking Statements
For further questions on this material, please contact ; 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 Kunihiko MIYAWAKI IR Manager Corporate Planning & Administration Unit TEL 81-47-454-1167 URL http://www.toyo-eng.co.jp Forward-looking Statements This presentation may contain forward-looking s