UBE Corporation · TSE:4208
UBE — FY2011 Earnings Presentation
29 slides from UBE's earnings presentation, May 10, 2012
Slide 1: FY2011 Consolidated Results, FY2012 Consolidated Forecasts
1 FY2011 FY2011 Consolidated Consolidated Results Results FY2012 FY2012 Consolidated Consolidated Forecasts Forecasts May 10, 2012
Slide 2: Contents
2 Contents Contents ・ FY11 Consolidated Results ・ FY12 Consolidated Forecasts ・ Appendix
Slide 3: FY11 Consolidated Results
3 FY11 FY11 Consolidated Consolidated Results Results
Slide 4: Scope of Consolidation
4 Scope Scope of of Consolidation Consolidation － －FY11 FY11Consolidated Results－ ConsolidatedResults － End of FY10 End of FY11 Change Item Notes (A) (B) （B) - （A) Number of Newly Included: 2 consolidated 66 67 +1 Newly Excluded: 1 subsidiaries Number of Newly Included: 2 equity method 24 25 +1 Newl
Slide 5: Environmental Factors
5 Environmental Environmental Factors Factors － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） FY10 FY11 Change Impacts on Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 85.7 79.1 -6.6 0.2 (CIF) $/ｔ 762 965 203 -3.8 Naphtha (Domestic) Yen/KL 47,500 55,000 7,50
Slide 6: Major P/L & B/S Items
6 Major Major P/L P/L & & B/S B/S Items Items － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） FY10 FY11 Change Item (A) (B) (B) - (A) Sales 616.0 638.6 22.5 Operating income 44.3 46.0 1.6 Ordinary income 39.1 40.8 1.7 Net income 17.2 22.9 5.7 End of FY10 End of FY11 Change Item
Slide 7: Non Operating Items
7 Non Non Operating Operating Items Items － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） FY10 FY11 Change Item (A) (B) (B) - (A) Operating income 44.3 46.0 1.6 -3.7 -3.1 0.5 Non operating incom e Net interest expense Equity in earnings of unconsolidated subsidiaries 1.6 0.8 -0
Slide 8: Extraordinary Items
8 Extraordinary Extraordinary Items Items － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） FY10 FY11 Change Item (A) (B) (B) - (A) Gain on sale of PP&E 0.6 0.2 -0.4 Extraordinary Reversal of Loss on related business 0.2 2.1 1.8 income Others 1.2 0.4 -0.7 Total 2.0 2.7 0.6 Loss o
Slide 9: Operating Income – Net Income
9 Operating Operating Income Income –– Net Net Income Income － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） FY10 FY11 Change Item (A) (B) (B) - (A) Operating income 44.3 46.0 1.6 Non operating item -5.2 -5.1 0.0 Ordinary income 39.1 40.8 1.7 Extraordinary item -10.3 -3.2 7.1 I
Slide 10: Sales by Segment
10 Sales Sales by by Segment Segment － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） FY10 FY11 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 19.9 Chemicals & Plastics 204.5 231.0 26.5 Synthetic rubber 6.5 Specialty Chemicals & Specialty products -2.5 Products
Slide 11: Operating Income by Segment
11 Operating Operating Income Income by by Segment Segment － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） FY10 FY11 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 3.3 Chemicals & Plastics 20.0 22.9 2.9 Synthetic rubber -0.4 Specialty Chemicals & Specialty pro
Slide 12: Analysis of Operating Income
12 Analysis Analysis of of Operating Operating Income Income － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） Operating Income Segment FY10 FY11 Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 20.0 22.9 2.9 7.7 0.3 -4.0 -1.1 Specialty Che
Slide 13: Consolidated Balance Sheet
13 Consolidated Consolidated Balance Balance Sheet Sheet － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） End of FY10 End of FY11 Change Item (A) (B) (B) - (A) Current assets 281.7 284.4 2.7 Assets Fixed assets 379.7 380.4 0.6 Total 661.5 664.9 3.4 Interest-bearing debts 260.5 2
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Consolidated Statements Statements of of Cash Cash Flows Flows － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） Item FY10 FY11 Income before tax and minority interests 37.5 A.Cash flows from operating activities 67.0 40.6 Depreciation andamortization 32.9 Working
Slide 15: Management Indices
15 Management Management Indices Indices － －FY11 FY11Consolidated Results－ ConsolidatedResults － FY10 FY11 Change Item Computation Unit (A) (B) (B) - (A) Net debt Net D/E Ratio /Equity capital Times 1.1 1.1 0.0 Equity capital Equity Ratio /Total assets % 28.3 30.0 1.7 Operating Income Operating marg
Slide 16: FY12 Consolidated Forecasts
16 FY12 FY12 Consolidated Consolidated Forecasts Forecasts
Slide 17: Scope of Consolidation – FY12 Forecasts
17 Scope Scope of of Consolidation Consolidation － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － End of FY11 End of FY12 Change Item Notes (A) (B) （B) - （A) Number of Newly Included: None consolidated 67 67 - Newly Excluded: None subsidiaries Number of Newly Included: 1 equity method 25
Slide 18: Environmental Factors – FY12 Forecasts
18 Environmental Environmental Factors Factors － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY11 FY12 Change Impacts on Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 79.1 80.0 0.9 0.0 (CIF) $/ｔ 965 950 -15 0.3 Naphtha (Domestic) Yen/KL 55,000 54,800 -
Slide 19: Major P/L & B/S Items – FY12 Forecasts
19 Major Major P/L P/L & & B/S B/S Items Items － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY11 FY12 Change Item (A) (B) (B) - (A) Sales 638.6 678.0 39.4 Operating income 46.0 47.0 1.0 Ordinary income 40.8 41.0 0.2 Net income 22.9 23.0 0.1 End of FY11 End of FY12 Change
Slide 20: Operating Income – Net Income – FY12 Forecasts
20 Operating Operating Income Income –– Net Net Income Income － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY11 FY12 Change Item (A) (B) (B) - (A) Operating income 46.0 47.0 1.0 Non operating item -5.1 -6.0 -0.9 Ordinary income 40.8 41.0 0.2 Extraordinary item -3.2 -3.0
Slide 21: Sales by Segment – FY12 Forecasts
21 Sales Sales by by Segment Segment － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY11 FY12 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 18.6 Chemicals & Plastics 231.0 258.0 27.0 Synthetic rubber 8.4 Specialty Chemicals & Specialty products 10.6 Prod
Slide 22: Operating Income by Segment – FY12 Forecasts
22 Operating Operating Income Income by by Segment Segment － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY11 FY12 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -5.6 Chemicals & Plastics 22.9 18.5 -4.4 Synthetic rubber 1.1 Specialty Chemicals & Specialt
Slide 23: Analysis of Operating Income – FY12 Forecasts
23 Analysis Analysis of of Operating Operating Income Income － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） Operating Income Segment FY11 FY12 Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 22.9 18.5 -4.4 -12.6 10.8 -0.9 -1.7 Speci
Slide 24: Management Indices – FY12 Forecasts
24 Management Management Indices Indices － －FY12 FY12Consolidated Forecasts－ ConsolidatedForecasts － FY11 FY12 Change Item Computation Unit (A) (B) (B) - (A) Net debt Net D/E Ratio /Equity capital Times 1.1 1.0 -0.1 Equity capital Equity Ratio /Total assets % 30.0 32.1 2.1 Operating Income Operating
Slide 25: Appendix
25 Appendix Appendix
Slide 26: Major Subsidiaries
26 Major Major Subsidiaries Subsidiaries － －FY11 FY11Consolidated Results－ ConsolidatedResults － （Billion Yen） Operating Sales income Subsidiaries and Affiliates Business change from FY11 FY10 UBE CHEMICALS (ASIA) PUBLIC CO., LTD. Manufacture and sales of caprolactam and polyamide resin 40.1 ↑ UBE C
Slide 27: R&D Expenses, Capital Expenditure and Depreciation
27 R&D R&DExpenses, Expenses,Capital CapitalExpenditure Expenditure and andDepreciation Depreciation （Billion Yen） Item FY10 FY11 FY12 R&D expenses 13.7 13.7 14.5 Capital expenditure 35.3 44.4 38.0 Depreciation (& Amortization) 33.1 32.9 32.5
Slide 28: Major Items for Capital Expenditure
28 Major MajorItems Itemsfor forCapital CapitalExpenditure Expenditure Segment Item Site Completion Chemicals&Plastics Production facilities for Butadiene rubbers (expansion) Chiba/Japan Aug./'12, Sep./'13 Production facilities for separator (expansion) Sakai/Japan FY13 ～ FY14 Specialty Chemicals& P
Slide 29: This presentation material contains forward-looking statements concerning UBE’s future plans, strategies, and perform…
29 This presentation material contains forward-looking statements concerning UBE’s future plans, strategies, and performance. These forward-looking statements are not historical facts; rather, they represent assumptions and beliefs based on economic, financial, and competitive date currently availab