Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — FY2013 Earnings Presentation
17 slides from Ajinomoto's earnings presentation, May 12, 2014
Slide 1: Consolidated Results for the Fiscal Year Ended March 31, 2014 (FY2013)
Consolidated Results for the Fiscal Year Ended March 31, 2014 (FY2013) 1. Overview 2. Financial Position 3. Segment Information May 12, 2014 Ajinomoto Co., Inc. Hiromichi Oono Member of the Board and Corporate Vice President Ajinomoto Co., Inc. Copyright © 2014 Ajinomoto Co., Inc. All rights reserve
Slide 2: 1. (1) Overview of Results
1. (1) Overview of Results (¥ Billion) FY2013 vs. Jan.-Mar. Jan.-Mar. FY2013 YoY Change (Feb. Revised YoY Change FY2012 Forecast 2014 2013 Forecast) (A) Amount % (B) (A)/(B) Amount % Net sales 991.3 985.0 6.4 1% 1,023.0 97% 249.0 238.1 10.9 5% Domestic Food Products 337.5 391.6 -54.0 -14% 338.3 100%
Slide 3: 1. (2) Comments on Results for FY2013
1. (2) Comments on Results for FY2013 Net sales increased, mainly due to positive effect of currency translation, etc., despite negative effect of disposal of Calpis shares. Operating income decreased because decrease in income of feed-use amino acids, etc. and negative effect of disposal of Calpis
Slide 4: 1. (3) Comments on Results for FY2013
1. (3) Comments on Results for FY2013 Ordinary income (¥ Billion) vs. YoY Jan.-Mar. YoY < FY2013 > ( )= YoY change FY2013 Forecast Change 2014 Change None Non-operating 7.0 - 18% 1.0 -8% < Q4 > ( )=YoY change income (net) None 69.5 102% -10% Ordinary income 12.8 12% < FY2013 > ( )= YoY change *1 Gai
Slide 5: 2. Financial Position
2. Financial Position (¥ Billion) Total assets in March 31, 2014 remained at level of previous Mar. 31, 2014: Total assets 1,091.7 fiscal year. Current Liabilities assets 432.2 Cash Flow 546.7 (¥ Billion) Net FY2013 FY2012 Change assets 1. CF from operating activities 63.0 88.5 -25.5 Fixed 659.5 2.
Slide 6: 3. (1) Change by Business Segment
3. (1) Change by Business Segment Net sales (¥ Billion) FY2012 985.0 Effect of Currency Translation Domestic Food Products -54 Overseas Food Overseas Food Products +47.8 Products: +39.8 Bioscience Products & Bioscience Products & Fine Chemicals +24.3 Fine Chemicals: +28.1 Pharmaceuticals -20.2 Other
Slide 7: 3. (2) Domestic Food Products
3. (2) Domestic Food Products (¥ Billion) <Reference> vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2013 FY2012 Forecast Change 2014 2013 Change 337.5 100% 391.6 -54.0 Net sales 82.5 77.5 5.1 217.4 - 217.4 -0.0 *1 Seasonings & processed foods 53.2 49.8 3.4 120.1 - 114.8 5.4 *2 Frozen foods 29.4 27.7 1.7 0.0 - 5
Slide 8: 3. (3) Overseas Food Products
3. (3) Overseas Food Products (¥ Billion) <Reference> vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2013 FY2012 Forecast Change 2014 2013 Change 293.2 93% 245.4 47.8 Net sales 73.8 70.1 3.8 241.8 - 199.3 42.5 *1 Consumer foods 60.6 57.1 3.5 Umami seasonings for 51.4 - 46.1 5.3 *2 13.2 12.9 0.3 processed food mf
Slide 9: 3. (4) Bioscience Products & Fine Chemicals
3. (4) Bioscience Products & Fine Chemicals (¥ Billion) vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2013 FY2012 Forecast Change 2014 2013 Change 228.5 97% 204.2 24.3 Net sales 61.6 57.9 3.8 94.1 97% 94.1 0.1 *1 Feed-use amino acids 22.2 25.2 -3.0 86.1 - 66.7 19.4 *2 Amino acids 28.1 21.5 6.5 43.1 - 38.2 4.9 *
Slide 10: 3. (5) Pharmaceuticals
3. (5) Pharmaceuticals (¥ Billion) <Reference> vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2013 FY2012 Forecast Change 2014 2013 Change 51.2 105% 71.5 -20.2 *1 Net sales 12.5 15.6 -3.1 3.8 116% 3.2 0.6 *2 Operating income 1.0 -1.4 2.4 -1.4 103% -1.9 0.5 Shared companywide expenses -0.4 -0.5 0.1 *1 Decrease in
Slide 11: 3. (6) Other Business
3. (6) Other Business (¥ Billion) <Reference> vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2013 FY2012 Forecast Change 2014 2013 Change 80.8 96% 72.4 8.4 *1 Net sales 18.5 17.1 1.4 2.3 - 2.2 0.1 Edible oils & coffee products 0.6 0.5 0.0 -0.5 -114% 0.3 -0.8 *2 Operating income -0.9 -0.1 -0.9 2.2 - 2.1 0.1 Edibl
Slide 12: 3. (7) Net Sales by Business & Geographical Area
3. (7) Net Sales by Business & Geographical Area Upper row: FY2013; lower row: FY2012 Figures in parentheses represent YoY change. (¥ Billion) Japan Asia Americas Europe Total Domestic Food 317.8 (-57.6) 5.4 (-0.4) 12.6 (3.7) 1.7 (0.4) 337.5 (-54.0) Products 375.5 5.8 8.9 1.3 391.6 Overseas Food 9.5
Slide 13: 3. (8) Operating Income by Business & Geographical Area
3. (8) Operating Income by Business & Geographical Area Upper row: FY2013; lower row: FY2012 Figures in parentheses represent YoY change. (¥ Billion) * Japan Asia Americas Europe Other Total Domestic Food 31.5 (-8.0) 1.9 (0.8) 1.4 (0.4) 0.4 (0.1) -7.7 (1.5) 27.4 (-5.2) Products 39.5 1.0 1.0 0.2 -9.2
Slide 14: 3. (9) Comments on Operating Income by Business & Geographical Area
3. (9) Comments on Operating Income by Business & Geographical Area FY2013 Change Compared with FY2012 1. Overseas Food Products (¥ Billion) [YoY change] Japan +0.7; Asia +4.8; Americas +2.4; Europe -1.6; Other* -1.8; Total +4.5 Asia: Increase due to positive effect of currency translation and highe
Slide 15: FY2011-2013 Medium-Term Management Plan: Review of KPIs
FY2011-2013 Medium-Term Management Plan: Review of KPIs “Business Structure Reinforcement” Proceeding Smoothly, But Only Partial Results for “Growth” FY11-13 Medium-Term Qualitative Evaluation KPI FY2010 Plan Target FY2013 1 • Overseas Food Products grew in ASEAN Companywide Global and South America
Slide 16: Change in Standard for Recording Net Sales from FY2014 (Planned)
Change in Standard for Recording Net Sales from FY2014 (Planned) From FY2014, sales promotion discounts, etc. will be deducted from net sales rather than being recorded in SG&A expenses. In addition, under this accounting treatment the estimated amount will be recorded when sales are recorded rather
Slide 17: Forward-looking statements disclaimer
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 and do not represent a commitment from Ajinomoto Co., Inc. that they will be achieved. A number of factors could ca