Mitsui Chemicals, Inc. · TSE:4183
Mitsui Chemicals — Investor Day (December 2023)
51 slides from Mitsui Chemicals's investor day presentation, Dec 12, 2023
Slide 1: VISION 2030 Business Strategy Presentation
Dec. 12, 2023 VISION 2030 Business Strategy Presentation Business Sector President Life & Healthcare Solutions TANAKA Hisayoshi Mitsui Chemicals Crop & Life Solutions, Inc. Life & Healthcare Solutions President and CEO Agrochemical products OZAWA Satoshi Business Sector President Basic & Green Mater
Slide 2: VISION 2030 Business Strategy Presentation: Life & Healthcare Solutions
VISION 2030 Business Strategy Presentation Life & Healthcare Solutions TANAKA Hisayoshi 田中 久義 Managing Executive Officer, Business Sector President, Life & Healthcare Solutions Business Sector Dec. 12, 2023
Slide 3: Contents/Agenda
Contents/Agenda Life & Healthcare Solutions Business Strategy Business-Level Strategy & Overview - Vision Care - Oral Care - Nonwovens Topics - Personal Care
Slide 4: Life & Healthcare Solutions Business Strategy
Life & Healthcare Solutions Business Strategy
Slide 5: Pursuing Business Portfolio Transformation
Pursuing Business Portfolio Transformation 5 Life & Healthcare Solutions Dec. 12, 2023 Providing solutions that contribute to life, health and comfortable lifestyles as our first pillar of earnings ■ Return from previous investments ■ Organic growth Our existing core businesses are expanding ■ New b
Slide 6: Toward Business Portfolio Transformation
6 Life & Healthcare Solutions Business Strategy Toward Business Portfolio Transformation Dec. 12, 2023 Actively investing resources for business portfolio transformation ⚫ Acquisition of ⚫ Establishment of Mitsui Chemicals Organic New agrochemicals business of Crop & Life Solutions growth businesses
Slide 7: Business-Level Strategy & Overview: Vision Care
Business-Level Strategy & Overview Vision Care
Slide 8: Life Care: Vision Care
8 Life Care: Vision Care Dec. 12, 2023 Meeting wide-ranging market demands with Mitsui Chemicals’ portfolio of ophthalmic lens materials Start of commercial operations at the expanded plant Ophthalmic (from December 2023) lens materials Planning next capacity increase (1.60/1.67/1.74) High-refractiv
Slide 9: Life Care: Vision Care
9 Life Care: Vision Care Dec. 12, 2023 Leveraging M&A to expand our business targeting lens processing laboratories Ophthalmic lens value chain Lens Lens Retail & Use of M&A and capital tie-ups processing Consumers manufacturers laboratories distribution Coating materials Processing Lens Prescriptio
Slide 10: Business-Level Strategy & Overview: Oral Care
Business-Level Strategy & Overview Oral Care
Slide 11: Medical: Oral Care
11 Medical: Oral Care Dec. 12, 2023 Leveraging polymer science technologies and collaboration among Group companies to become a global leading company in the field of dental preservation Expanding share in the top 3 markets (Europe, Japan & U.S.) Scale of the dental preservation market Complementary
Slide 12: Medical: Oral Care – Dental preservation
12 Medical: Oral Care Dec. 12, 2023 Developing products that leverage polymer science technologies in order to make the most of Mitsui Chemicals’ strengths and expand into the steadily growing field of dental preservation Field of business Mitsui Leading Aiming to exceed market Chemicals Group compe
Slide 13: Medical: Oral Care
13 Medical: Oral Care Dec. 12, 2023 Leveraging Mitsui Chemicals’ polymer science technologies to introduce new products in line with market trends Examples of the new products Introducing new products making use of MCI’s technologies to the dental preservation 2021 2022 2023 -2020 field on a global
Slide 14: Business-Level Strategy & Overview: Nonwovens
Business-Level Strategy & Overview Nonwovens
Slide 15: Life Care: Nonwovens
15 Life Care: Nonwovens Dec. 12, 2023 Promoting portfolio transformation by bolstering industrial materials To contribute to the creation of a Basic strategy Goal sustainable, plentiful society by providing innovative nonwovens 1 Bolster earnings from existing businesses ⚫ Bolster plant competitiven
Slide 16: Life Care: Nonwovens
16 Life Care: Nonwovens Dec. 12, 2023 Roadmap for synergy creation following the October 2023 launch of a new company R&D/sales synergy ⚫ New developments ⚫ Bolstering of market development capabilities (mutual deployment of products/regions/customers) Production tech synergy ⚫ Productivity improvem
Slide 17: Topics: Personal Care
») Topics Personal Care
Slide 18: Personal Care: Overview of Polaris Chemicals, Inc.
Life Care, 18 Wellness, Medical : Personal Care Dec. 12, 2023 Established Polaris Chemicals as a second production site after Omuta Works for the rapid growing biocatalysts business Overview of Polaris Chemicals, Inc. Location Wakayama October 2021 Establishment （Operations launched in July 2023） Mi
Slide 19: Personal Care: Biocatalyst Technologies
Life Care, 19 Wellness, Medical : Personal Care Dec. 12, 2023 Applying the biocatalyst technologies we have cultivated through acrylamide production, into areas such as environmental materials and nutrition to drive business growth Biocatalyst sales revenue 50% For new applications Examples For acry
Slide 20: VISION 2030 Business Strategy Presentation: Agrochemical Products
VISION 2030 Business Strategy Presentation Life & Healthcare Solutions Agrochemical products (Mitsui Chemicals Crop & Life Solutions) OZAWA Satoshi 小澤 敏 President and CEO Mitsui Chemicals Crop & Life Solutions, Inc. Dec. 12, 2023
Slide 21: Contents/Agenda
Contents/Agenda Dec. 12, 2023 Company Overview Business Environment & Market Trends Earnings Trends & Key Product Overviews Life Solutions Business
Slide 22: Company Overview
3 Company Overview Dec. 12, 2023 Company name Mitsui Chemicals Crop & Life Solutions (MCCLS) (Name changed from “Mitsui Chemicals Agro” on March 31, 2023) ・ Make major contributions to increasing global food supply & food security Mission ・ Help improve QoL by preventing infectious diseases Employee
Slide 23: Growth Strategy
4 Growth Strategy Dec. 12, 2023 Be a global solutions company, with research and development as its Our ideal foundation, that drives change and contributes to sustainable food and vision for lifestyles through its products and services (change from selling goods 2030 to selling services) Areas of C
Slide 24: Basic Approach to Business Expansion
5 Basic Approach to Business Expansion Dec. 12, 2023 Category Products Growth driver Prominent examples Development of new active MCCLS, multinational companies, R&D (drug discovery) Original ingredients Japanese companies Sales of agrochemicals for Generics Generics UPL, Chinese companies which pat
Slide 25: Contents/Agenda
Contents/Agenda Dec. 12, 2023 Company Overview Business Environment & Market Trends Earnings Trends & Key Product Overviews Life Solutions Business
Slide 26: Business Environment & Market Trends
7 Business Environment & Market Trends Dec. 12, 2023 2009–2014: Global market grows at 8.8% per year; domestic market largely flat 2015–2017: Sales decline in not only the U.S. and Europe but also Brazil, the world’s largest market, as a result of excess stock in circulation, driving sales down and
Slide 27: Market Breakdown by Region
8 Market Breakdown by Region Dec. 12, 2023 ◆Focusing on India, Southeast Asia and Brazil, where insecticides make up a large portion of the market ◆Utilizing sales companies in Brazil, where much of the market is controlled by multinational corporations ◆Pursuing expansion based on regional strategi
Slide 28: Active Substances Portfolio
9 Active Substances Portfolio Dec. 12, 2023 Leaning on our acquisition of Meiji Seika Pharma’s agrochemicals business to expand our lineup of growth drivers Existing active ingredients R&D stage –1985 1986–2000 2001–2020 –2030 Research stage Insecticides ◆ MCCLS active ◆ Etofenprox (1987) ◆ Dinotefu
Slide 29: Contents/Agenda
Contents/Agenda Dec. 12, 2023 Company Overview Business Environment & Market Trends Earnings Trends & Key Product Overviews Life Solutions Business
Slide 30: Trends in Earnings
11 Trends in Earnings Dec. 12, 2023 Breakdown of FY22 Consolidated operating income / operating income before special items (JPY bn) agrochemicals sales revenue Consolidated sales revenue (JPY bn) 180 Overseas market registrations for growth drivers Active ingredient 2019 2020 2021 2022 Japan Overse
Slide 31: Dinotefuran Market Registrations & Sales Revenue
12 Dinotefuran Market Registrations & Sales Revenue Dec. 12, 2023 Registered CS、 LS、 CS＋LS 2019 Registrate in Brazil Crop solutions (CS) ALBARIN™, STARKLE™ Sales Revenue Target pests: Plant hoppers, stink bugs, Registered: etc. 70 countries Target crops: Rice, tomato, apple, soy, ■Overseas etc. ■Jap
Slide 32: TENEBENAL Market Registrations & Sales Revenue
13 TENEBENAL™ Market Registrations & Sales Revenue Dec. 12, 2023 2021 Registrated 2021 2022 in China Registrated Crop solutions (CS) Registrated in US BROFREYA™, etc. in India Target pests: Lepidoptera, leaf beetles Target crops: Cabbage, napa cabbage, etc. 2021 Life solutions (LS) Registrated in Ph
Slide 33: Sales Volume of Glufosinate-p
14 Sales Volume of Glufosinate-p Dec. 12, 2023 ■ Naturally Derived Herbicides： Glufosinate-p 2011 FY11 2012 FY12 2013 FY13 2014 FY14 2015 FY15 2016 FY16 2017 FY17 2018 FY18 2019 FY19 2020 FY20 2021 FY21 2022 FY22 2025 2023 FY23 2024 2 target Outlook 2023年12月18日 Solidifying our domestic footing and e
Slide 34: Contents/Agenda
Contents/Agenda Company Overview Business Environment & Market Trends Earnings Trends & Key Product Overviews Life Solutions Business
Slide 35: Life Solutions Business
16 Life Solutions Business Dec. 12, 2023 Deploying active ingredients discovered by Mitsui Chemicals to non-agrochemical applications Indoor MEA MEA LATIN MEA residential 4% LATIN 5% spraying 6% LATIN 7% NA 9% 15% APAC 7% 24% APAC NA Vector control 23% PCO NA (for e.g. malaria) 16% Livestock 41% Hou
Slide 36: VISION 2030 Business Strategy Presentation: Basic & Green Materials
VISION 2030 Business Strategy Presentation Basic & Green Materials YOSHIZUMI Fumio 吉住 文男 Managing Executive Officer Business Sector President, Basic & Green Materials Business Sector Dec. 12, 2023
Slide 37: Contents/Agenda
Contents/Agenda Pursuing Business Portfolio Transformation Bolstering Downstream Businesses Transformation of Chemical Complexes
Slide 38: Pursuing Business Portfolio Transformation
Pursuing Business Portfolio Transformation
Slide 39: Basic & Green Materials: Pursuing Business Portfolio Transformation
Pursuing Business Portfolio Transformation 39 Basic & Green Materials Dec. 12, 2023 Reducing volatility and strengthening the business foundations by accelerating the second phase of restructuring Stable cash flow ensured ⇔ Profit still highly volatile External environment Trends in profit & cash fl
Slide 40: Improving Capital Efficiency via Second Phase of Restructuring
Improving Capital Efficiency by Promoting the Second Phase of 40 Restructuring and Bolstering Downstream Businesses Dec. 12, 2023 FY13-17 FY18-22 FY23-25 Ideal state Securing stable earnings Improving capital efficiency Reducing volatility via restructuring (8% ROIC by FY30) 2023: AC-based IPA capac
Slide 41: Basic & Green Materials
Pursuing Business Portfolio Transformation 41 Basic & Green Materials Dec. 12, 2023 Bolstering downstream Improving earnings by pursuing structural reform businesses (planned projects) and bolstering downstream businesses Bolstering Business environment outlook downstream businesses • Demand slump i
Slide 42: Bolstering Downstream Businesses
Bolstering Downstream Businesses
Slide 43: Polyurethane Business
43 Polyurethane Business Dec. 12, 2023 Aiming for further earnings growth by expanding our offering of high-performance products (PPG/MDI) and increasing our MDI production capacity PU Polyol Isocyanate Additives Polyurethane production (Foaming agent, React (PPG) (MDI・TDI) product method catalysts,
Slide 44: Polyurethane Business
44 Polyurethane Business Dec. 12, 2023 Further pursuing a green transition via efforts for bio-based products and chemical recycling Plan for bio-polyol sales Contributing to carbon neutrality (including ESG) ■Incineration ■Production • Causes less than half the CO2 emissions of petroleum-based Less
Slide 45: Improving Polypropylene Performance
45 Improving Polypropylene Performance Dec. 12, 2023 Utilizing special catalysts and process (HYPOL) for precise design of polymer structures to achieve a level of quality unreachable with conventional products Automotive materials Packaging & industrial materials ➢ Reducing weight of existing auto
Slide 46: Transformation of Naphtha Crackers & Chemical Complexes
Transformation of Naphtha Crackers & Chemical Complexes
Slide 47: Transformation of Chemical Complexes
47 Transformation of Chemical Complexes Dec. 12, 2023 Transitioning to advanced chemical complexes – with a focus on regional and multi–company collaborations - while also speeding up the shift to the green chemicals business Advanced chemical complex Mulling multi-company collaborations (Future) Ca
Slide 48: Roadmap for Cracker Transformation
48 Roadmap for Cracker Transformation Dec. 12, 2023 Forming advanced chemical complexes by steadily pursuing eco-friendliness and establishing optical cracker operations in line with demand –FY23 FY24–30 FY30– Bio-based hydrocarbons Stable procurement of bio-based hydrocarbons, → Production of and e
Slide 49: Speeding Up Our Pursuit of Recycling & Bio-based Strategies
49 Speeding Up Our Pursuit of Recycling & Bio-based Strategies Dec. 12, 2023 Beginning production & marketing for bio-based derivatives & chemically recycled products Raw materials Crackers Chemicals/Plastics ●Allocated as bio-based content Product B B B A ▶Petroleum naphtha ●Petroleum derived conte
Slide 50: A global solutions company that leads change and contributes to a sustainable future
A global solutions company that leads change and contributes to a sustainable future
Slide 51: Chemistry for Sustainable World
Chemistry for Sustainable World Challenge Diversity One Team Statements made in this document with respect to Mitsui Chemicals' current plans, estimates, strategies, and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Mitsui C