Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — Investor Presentation (June 2021)
21 slides from Ajinomoto's investor presentation, Jun 3, 2021
Slide 1: Virtual Business Briefing & Factory Tour
Virtual Business Briefing & Factory Tour June 3, 2021 Tadahiko Yokota Corporate Executive Officer, General Manager, AminoScience Division Specialty Chemicals Dept. Ajinomoto Co., Inc. 1
Slide 2: Overview of Functional Materials Business and Electronic Materials Business
I. Overview of Functional Materials Business - Ajinomoto Group Vision and the Functional Materials Business - Overview of Ajinomoto Fine-Techno Co., Inc. II. Electronic Materials Business - ABF Development - Market Conditions - Our Growth Strategy Copyright © 2021 Ajinomoto Co., Inc. All rights rese
Slide 3: Ajinomoto Group Vision and the Functional Materials Business
I. Overview of the Functional Materials Business Ajinomoto Group Vision and the Functional Materials Business Ajinomoto Group Vision Adhesives Activated Ajinomoto Build-up Film® carbon (ABF) User needs and Ajinomoto Group-specific amino acid technologies B2B2C business linking both Copyright © 2021
Slide 4: Solve customer's issues with applied technology based on fundamental technology
I. Overview of the Functional Materials Business Ajinomoto Group Vision and the Functional Materials Business Solve customer’s issues with applied technology based on fundamental technology that works across businesses Built a global network with bio and Development of packaged food products and fun
Slide 5: The Functional Materials Business Mission & Vision
I. Overview of the Functional Materials Business Ajinomoto Group Vision and the Functional Materials Business The Functional Materials Business Mission & Vision Mission Statement We will contribute to a “smart life” with high-performance fine chemical products. Vision To become recognized by our cus
Slide 6: Overview of Ajinomoto Fine-Techno Co., Inc.
I. Overview of Ajinomoto Fine-Techno Co., Inc. Overview of Ajinomoto Fine-Techno Co., Inc. Founded: September 1942 Electronic Materials Capital: ¥315 million Division Employees: 313 ABF (as of April 1, 2021) Application example Functional Materials Disposable needles Motor for HDD Division Adhesives
Slide 7: What is Ajinomoto Build-up Film (ABF)?
II. Electronic Materials Business: ABF Development What is Ajinomoto Build-up Film® (ABF)? Ajinomoto Build-up Film® (ABF) Film-type insulation material IC chip protecting the core components in personal computers Motherboard Semiconductor packaging substrate Cross-section of packaging substrate Semi
Slide 8: Origins of the Electronic Materials Business
II. Electronic Materials Business: ABF Development Origins of the Electronic Materials Business Effective use of by-products, intermediates, and technologies Monosodium glutamate Sugarcane, Fermentation etc. Glutamic acid (Umami seasoning AJI-NO- MOTO®’s principle ingredient) Raw Synthesis 2 Interme
Slide 9: Why was ABF Adopted?
II. Electronic Materials Business: ABF Development Why was ABF Adopted? (Background to Advent of ABF) Internet use Organic (plastic) ○ Inexpensive ○ Thin ○ Small ○ Light Expectations for wide-use! Inorganic (ceramic) × Expensive × Big × Heavy 1990s 1990 2000 2010 Future Copyright © 2021 Ajinomoto Co
Slide 10: 1999: Advent of ABF, an Interlayer Insulating Material
II. Electronic Materials Business: ABF Development 1999: Advent of ABF, an Interlayer Insulating Material for Semiconductor Packaging Innovation in the manufacturing process of packaging substrates! Conventional technology Ink + printing process Wiring × Many processes Drying × Poor smoothness & Fli
Slide 11: Features of ABF
特徴 プリプレグ ： 特徴 銅 特徴プリプレグ ： II. Electronic Materials Business: ABF Development １層ずつ積層していく方式を指す。層数が増えるほど工数増え、コストUP 細配線形成に向く。（アディティブ法） ： １層ずつ積層していく方式を指す。層数が増えるほど工数増え、コストUP ビルドアップ材： １層ずつ積層していく方式を指す。層数が増えるほ 銅 ： ビルドアップ材： 細配線形成に向く。（アディティブ法） めっきレジスト： 細配線形成に向く。（アディティブ法） Features of Ajinomoto Build-up Film® (A
Slide 12: The ABF Value Chain
II. Electronic Materials Business: ABF Development The Ajinomoto Build-up Film® (ABF) Value Chain Close collaboration with all companies in the value chain, not just direct with customers Substrate manufacturing process Ajinomoto Raw Co., Inc. ✓ Substrate ✓ Laser Substrate CPU Electronics materials
Slide 13: The ABF Manufacturing Process
II. Electronic Materials Business: ABF Development The Ajinomoto Build-up Film® (ABF) Manufacturing Process Asset light by outsourcing coating and logistics Stage 1: Varnish production Refrigerated transport Stage 2: Coating and cutting Ajinomoto Fine-Techno Outsourced Pour in materials Varnish filt
Slide 14: Applications of ABF
II. Electronic Materials Business: ABF Development Applications of Ajinomoto Build-up Film® (ABF) % per application (by quantity) 100% Others 5% 5% 90% Game 5% 5% 80% 70% Server / Network 40% 50% 60% 50% CPU, etc. 40% PC Semiconductor 30% 50% ABF packaging 20% 40% PCs 10% 0% FY2013 FY2021(F) Expandi
Slide 15: Semiconductor Market Environment
II. Electronic Materials Business: Market Conditions Semiconductor Market Environment Semiconductor-related markets have been further accelerated due to COVID-19 PC market Global semiconductor market（$ billion） Growing demand for telework and e- learning drives more need for computers CAGR: 8.8% (20
Slide 16: Our Growth Strategy
II. Electronic Materials Business: Our Growth Strategy For ABF in FY2020–2022 Medium-Term Management Plan Maintain and continue current business, expanding new business Data center server and communication Efforts for smartphone applications applications associated with arrival of 5G Functional Mate
Slide 17: ABF Market Penetration and New Market Development
II. Electronic Materials Business: Our Growth Strategy ABF Market Penetration and New Market Development Implement quick development cycle Build a deeper relationship with customers, helping to solve customer problems and issues Construction of new R&D building Future packaging trends aimed at furth
Slide 18: Develop Electronic Materials that Continue to Contribute to Advanced IT Modalities
II. Electronic Materials Business: Our Growth Strategy Develop Electronic Materials that Continue to Contribute to Achieving Advanced IT Modalities By leveraging the industry’s highest level technological capabilities and advanced digital technology on the base of Ajinomoto Co.'s ABF, which is a key
Slide 19: A Business Network Supporting Greater Research
II. Electronic Materials Business: Our Growth Strategy A Business Network Supporting Greater Research R&D Sales and purchasing Technical support Manufacturing Technical discussions with Quality assurance customers Taiso Commerce Inc. Ajinomoto Shanghai Specialty Chemicals Co., Ltd. Copyr
Slide 20: ASV (The Ajinomoto Group Creating Shared Value)
ASV (The Ajinomoto Group Creating Shared Value) 5G networks Cloud / Data centers AI In-vehicle Education Smart cities Helping people to “Live well” through improved connectivity, improved communication, improved convenience, improved quality of life. Medical care Space Industry Copyright © 2021 Ajin
Slide 21: Forward-looking statements
➢ Forward-looking statements, such as business performance forecasts, made in these materials are based on management's estimates, assumptions and projections at the time of publication. A number of factors could cause actual results to differ materially from expectations. ➢ This material includes s