Kureha Corporation · TSE:4023
Kureha — Q1 FY2020 Earnings Presentation
11 slides from Kureha's earnings presentation, Aug 11, 2020
Slide 1: FY2020 1Q Results
FY2020 1Q Results August 11, 2020
Slide 2: FY2020 1Q Financial Summary - 1
1 FY2020 1Q Financial Summary - 1 (in billions of yen) Vs. FY2019 1Q FY2019 FY2020 Change 1Q 1Q YOY • Revenue declined due to slower sales of Advanced Materials and Specialty Plastics, -0.6 Revenue 32.0 31.5 (-1.7%) partially offset by higher Construction volume -0.6 • Core operating profit decrease
Slide 3: FY2020 1Q Financial Summary - 2
2 FY2020 1Q Financial Summary - 2 (billions of yen) FY2019 1Q AM SC SP CO OO Total Revenue 9.9 5.3 11.0 1.8 4.1 32.0 (Notes) Segment operating profit 1.2 0.1 1.5 -0.0 0.3 3.1 Intersegment adjustment 0.0 - Other income includes gains from Other income 1.6 discount business purchase (¥1.5bn) Other exp
Slide 4: Performance by Segment: Advanced Materials
3 Performance by Segment: Advanced Materials (billions of yen) FY2019 FY2020 Change Vs. FY2019 1Q Q1 Q1 % Revenue Operating Profit Advanced Materials Advanced plastics 6.4 5.0 -22% Advanced plastics Revenue down, operating profit down: Carbon products 1.5 1.4 -11% - Lower sales volumes of PVDF (LiB
Slide 5: Performance by Segment: Specialty Chemicals
4 Performance by Segment: Specialty Chemicals (billions of yen) FY2019 FY2020 Change Vs. FY2019 1Q 1Q 1Q % Revenue Operating Profit Specialty Chemicals Agrochemicals 0.9 1.4 51% Agrochemicals & Pharmaceuticals Pharmaceuticals 1.1 1.1 -0% Revenue up, operating profit up: - Higher sales volumes for ag
Slide 6: Performance by Segment: Specialty Plastics
5 Performance by Segment: Specialty Plastics (billions of yen) FY2019 FY2020 Change Vs. FY2019 1Q 1Q 1Q % Revenue Operating Profit Specialty Plastics Home products 5.2 5.4 5% Home products & Fishing lines Fishing lines 0.9 1.0 3% Revenue up, operating profit up: - Steady sales growth for NEW Krewrap
Slide 7: Performance by Segment: Construction & Other Operations
6 Performance by Segment: Construction & Other Operations (billions of yen) FY2019 FY2020 Change % Vs. FY2019 1Q 1Q 1Q Construction Revenue Operating Profit Construction 3.6 4.3 22% Construction Elimination Revenue up, operating profit up, -1.8 -1.7 -- (Intercompany sale) recovering from operating l
Slide 8: Financial Position
7 Financial Position (billions of yen) Assets Liabilities and Equity Mar. 31 Jun. 30 Mar. 31 Jun. 30 Change Change 2020 2020 2020 2020 Cash and cash equivalents 7.3 10.0 2.7 Trade and other payables 19.4 17.7 -1.7 Trade and other receivables 28.3 23.9 -4.5 Interest-bearing debt 37.3 41.6 4.3 Invento
Slide 9: FY2020 Outlook
8 FY2020 Outlook FY2020 financial guidance • As of today, Kureha will not provide its financial guidance for FY2020 (ending March 2021) due to the high level of uncertain impact of the COVID-19 pandemic on its global businesses • Our FY2020 guidance is announced as soon as we can forecast with reaso
Slide 10: Updates on PGA and PVDF Businesses
9 Updates on PGA and PVDF Businesses Revenue: PGA business Revenue: PVDF business In billion yen In billion yen 1.5 15 1.0 10 0.5 5 0.0 0 2016 2017 2018 2019 2019 2020 Q1 Q1 Kureha Degradable Plugs PGA stockshapes LiB applications Other applications • The shale market has drastically changed due to
Slide 11: Disclaimer
10 Disclaimer • These materials are supplied to provide a deeper understanding of our company, and are not intended to as a solicitation for investment or other actions. • These materials have been prepared by our company based on the information available at this point in time. However, actual perf