Toyobo Co., Ltd. · TSE:3101

Toyobo — Q1 FY3/22 Earnings Presentation

24 slides from Toyobo's earnings presentation, Aug 5, 2021

  1. Slide 1: Presentation to Investors for the First Quarter Ended June 30, 2021

    August 5, 2021 Presentation to Investors for the First Quarter Ended June 30, 2021 TOYOBO CO., LTD.

  2. Slide 2: Highlights

    Highlights Q1 FY 3/22 Results - Despite the impact of rising raw material and fuel prices, sales and profit increased as industrial films and reagents for PCR testing performed strongly and automobile-related demand recovered. - Operating profit of ¥9.2 bn (2.1-fold) and profit of ¥6.2 bn (3.5-fold)

  3. Slide 3: Summary of Results: P&L

    Summary of Results: P&L (¥bn.) FY 3/21 FY 3/22 YOY Q1 Q1 Amount % Net sales 75.5 94.6 + 19.2 +25.4% Operating profit 4.4 9.2 + 4.9 + 112.1% (Ratio to sales) 5.8% 9.8% - - Ordinary profit 2.8 7.5 + 4.7 + 170.2% Extraordinary income and losses -0.4 -0.5 - 0.1 - Profit attributable to owners of parent

  4. Slide 4: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit Volume Others 10.0 +7.4 -0.5 - Industrial film 8.0 - PCR-related products Raw materials 6.0 and fuel costs Prices (¥bn.) -2.1 +0.1 9.2 4.0 (＋4.9 ) 2.0 4.4 - Depreciation - Cost to launch new unit of films 0.0 Q1 FY 3/21 Q1 FY 3/22 Previous FY 3/21 FY 3/22 fore

  5. Slide 5: Summary of Results: BS

    Summary of Results: BS (B) (A) (¥bn.) Mar. 31, 2020 Mar. 31, 2021 Jun. 30, 2021 (A) - (B) Total assets 488.9 491.2 492.4 + 1.2 Cash and deposits 25.2 34.7 26.1 - 8.6 Inventories 80.6 76.3 81.3 + 5.0 Property, plant and equipment 231.5 224.6 227.1 + 2.5 Net assets 182.6 188.6 193.6 + 4.9 Shareholder'

  6. Slide 6: Summary of Results: Segment

    Summary of Results: Segment (¥bn.) Net sales Operating profit Q1 FY 3/21 Q1 FY 3/22 Q1 FY 3/21 Q1 FY 3/22 YOY Films and Functional 36.3 45.7 3.9 6.8 + 2.9 Materials Mobility 6.8 11.1 -0.7 -0.5 + 0.2 Lifestyle and Environment 22.9 27.7 0.3 1.5 + 1.1 Life Science 6.3 7.5 1.0 1.9 + 0.9 Real Estate and

  7. Slide 7: Films and Functional Materials

    Films and Functional Materials (¥bn.) FY 3/21 FY 3/22 YOY Q1 Q1 Amount % Net sales 36.3 45.7 + 9.4 +26.0% Operating profit 3.9 6.8 + 2.9 +73.9% (OPM) 10.8% 14.9% ‐ ‐ Packaging film - Demand from people staying at home continued amid the COVID-19 pandemic. - Sales of some products decreased due to th

  8. Slide 8: Mobility

    Mobility (¥bn.) FY 3/21 FY 3/22 YOY Q1 Q1 Amount % Net sales 6.8 11.1 4.3 +63.0% Operating profit - 0.7 - 0.5 0.2 ‐ (OPM) - - ‐ ‐ - Sales performed strongly due to the recovery from the COVID-19 pandemic for automobile demand globally Engineering plastics - Sales recovered both in Japan and overseas

  9. Slide 9: Lifestyle and Environment

    Lifestyle and Environment (¥bn.) FY 3/21 FY 3/22 YOY Q1 Q1 Amount % Net sales 22.9 27.7 4.8 + 21.1% Operating profit 0.3 1.5 1.1 + 338.0% (OPM) 1.5% 5.4% ‐ ‐ Environmental solutions - Volatile organic compound (VOC) emissions treatment equipment faced challenges due to a temporary decrease in orders

  10. Slide 10: Life Science

    Life Science (¥bn.) FY 3/21 FY 3/22 YOY Q1 Q1 Amount % Net sales 6.3 7.5 + 1.1 + 18.0% Operating profit 1.0 1.9 + 0.9 + 86.6% (OPM) 15.7% 24.9% ‐ ‐ Biotechnology - Sales of raw materials and reagents for PCR testing, and genetic testing equipment and diagnostic reagents grew. Medical materials - Sal

  11. Slide 11: Forecasts for FY 3/22

    Forecasts for FY 3/22 Operating profit was revised upward to ¥29.0 bn as industrial films and reagents for PCR testing performed strongly despite concerns regarding the impact of rising raw material and fuel prices. Net profit is forecasted to be ¥13.0 bn. (¥bn.) FY 3/21 FY 3/22 YOY Previous forecas

  12. Slide 12: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit Volume Others 35.0 Raw materials +11.2 -2.6 and fuel costs Prices 30.0 -10.1 +3.8 25.0 20.0 (¥bn.) 26.7 29.0 15.0 - Industrial film - PCR-related products ( +2.3 ) 10.0 - Depreciation - Safety and disaster prevention 5.0 investment 0.0 FY 3/21 FY 3/22 Previous

  13. Slide 13: Forecasts by Segment

    Forecasts by Segment (¥bn.) Net sales Operating profit FY 3/21 FY 3/22 FY 3/21 FY 3/22 Previous YOY forecasts result forecasts result forecasts (May. 2021) Films and 152.8 170.0 20.0 20.3 + 0.3 20.0 Functional Materials Mobility 36.6 40.0 - 1.6 - 1.0 + 0.6 - 1.4 Lifestyle and Environment 109.1 113.0

  14. Slide 14: Prevent recurrence of cases of misconduct concerning quality

    Prevent recurrence of cases of misconduct concerning quality 【Progress of cases of misconduct concerning quality】 ・Rescission of UL’s certification for “PLANAC”（Oct. 28, 2020） ・Report regarding the results of investigation into misconduct involving “PLANAC” （Dec. 29, 2020） ・ISO9001 certification gra

  15. Slide 15: Please Note

    Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac

  16. Slide 16: All Rights Reserved

    All Rights Reserved

  17. Slide 17: Appendix

    Appendix

  18. Slide 18: Business performance

    Business performance (¥bn.) FY 3/21 FY 3/22 Net sales Q1 Q2 Q3 Q4 full year Q1 Films and Funcitonal Materials 36.3 37.5 39.2 39.8 152.8 45.7 Mobility 6.8 8.2 10.5 11.1 36.6 11.1 Lifestyle and Environment 22.9 27.3 27.1 31.9 109.1 27.7 Life Science 6.3 6.0 6.9 7.9 27.1 7.5 Real estate and Others 3.1

  19. Slide 19: 2018 Medium-Term Management Plan

    2018 Medium-Term Management Plan (Final year FY 3/22) Assumptions have changed due to the fire accident, the spread of COVID-19, etc. 35.0 FY 3/21 Targets 30.0 29.0 30.0 Net sales 337.4 375.0 Operating profit (¥ bn.) 26.7 25.0 23.9 22.8 Overseas sales ratio 33.0% 35.0% 21.7 Operating profit 26.7 30.

  20. Slide 20: To achieve zero waste emission | Circular Economy

    To achieve “zero waste” emission ｜Circular Economy ●Biomass ・Resins from 100% biomass ●Material Recycling PEF ・Polyester polymerization catalyst ・Uses approx. 20% plant-derived with superior recyclability ingredients ”TOYOBO GS Catalyst” “BIOPLANA” ●Chemical Recycling Raw ・Support development for Ma

  21. Slide 21: Environmentally Conscious Packaging Film

    Environmentally Conscious Packaging Film Volume reduction, Ratio of environmentally friendly “CYCLE CLEAN” thickness reduction, products in sales of packaging films recycled resin 25% - For PET bottle labels “SPACECLEAN” Volume reduction, 19% thickness reduction 20% 17% - For beverage labels - Excel

  22. Slide 22: Declaration to be carbon neutral by 2050

    Declaration to be carbon neutral by 2050 【FY 3/31 Targets】 Scope1,2:Reduce GHG emissions by 30% (Compared to FY 3/14) (further review going forward) Results of reduction of GHG emissions 25.7％ in FY 3/21 Introduction of fuel conversion, renewable energy, etc. 【FY 3/51 Targets】 Scope1,2:Aim for net z

  23. Slide 23: Please Note

    Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac

  24. Slide 24: All Rights Reserved

    All Rights Reserved

Toyobo — Q1 FY3/22 Earnings Presentation on 6ix