Toyo Engineering Corporation · TSE:6330
Toyo Engineering — FY2017 Earnings Presentation
16 slides from Toyo Engineering's earnings presentation, May 15, 2018
Slide 1: Outline of Financial Results
Mission: Engineering for Sustainable Growth of the Global Community Vision: Global Leading Engineering Partner Values: Integrity, Creativity, Diversity, Learning, Team Fiscal Year Ended March 2018 OUTLINE OF FINANCIAL RESULTS May 15, 2018 Toyo Engineering Corporation
Slide 2: Contents
Contents Page Performance Summary Versus Revised Forecast for 2018/3 3 Versus Prior Year 5 Profit Attributable to Owners of Parent Breakdown 6 Net Sales 7 Financial Summary Balance Sheet 8 Interest Bearing Debt Balance 9 Cash Flows 10 New Orders New Orders 11 Backlog of Contracts 12 Forecast Forecas
Slide 3: Performance Summary: Versus Revised Forecast for 2018/3
Performance Summary Versus Revised Forecast for 2018/3 Decrease in revenue and profit mainly due to loss on Ethylene Project in USA Achieved the New Ordersʼ income goal 2018/3 JPY billion Achieve- Difference Forecast Result ment as of Feb 7, 2018 Net sales 350.0 335.6 (14.4) 96% Loss on ethylene
Slide 4: Profit Attributable to Owners of Parent vs Revised Forecast
Performance Summary Versus Revised Forecast for 2018/3 JPY billion Profit attributable to owners of parent Versus the revised forecast 2018/3 0 (8.8) (18.0) (26.8) Worsening of gross profit of ethylene project in USA Improvement in the balance of Forecast payments of Others 2018/3 Improvement of som
Slide 5: Performance Summary: Versus Prior Year
Performance Summary Versus Prior Year Decrease in revenue and profit mainly due to loss on Ethylene Project in USA JPY billion 2017/3 2018/3 Difference Net sales 431.9 335.6 (96.3) Due to decrease of net Gross profit 15.9 (12.5) (28.4) sales, and the loss on Gross profit margin 3.7% -3.7% -7.4% et
Slide 6: Profit Attributable to Owners of Parent Breakdown
Performance Summary Profit Attributable to Owners of Parent Breakdown JPY billion Profit Attributable to Owners of Parent Breakdown 0 Equity in earnings (26.8) of affiliates 5.4 (48.5) (20.4) 35.9 5.9 Others Loss of (0.8) Extraordinary (4.4) 2018/3 Ethylene SG&A gain Tax Other project Project expens
Slide 7: Net Sales
Net sales JPY billion 2018/3 Net sales :JPY 335.6 billion China 5.3 Central and Others 7.5 South America Others 0.5 Petrochemicals Pharmaceuticals etc., 8.7 140.2 North America 1% Japan 9.2 2% 40.7 3% 68.5 Chemicals/ 3% Russia and 12% 2% 20% Fertilizers 15% Central Asia 50.2 11.4 3% 42% 13% Region P
Slide 8: Balance Sheet
Balance Sheet JPY billion Assets 2017/3 2018/3 Difference Liabilities and net assets 2017/3 2018/3 Difference Current assets 281.7 223.1 (58.6) Current liabilities 237.1 198.4 (38.7) Cash and deposits 126.0 111.0 (15.0) Short-term interest bearing debt 8.4 7.1 (1.3) Marketable securities 1.1 1.0 (0.
Slide 9: Interest Bearing Debt Balance
Interest Bearing Debt Balance JPY billion 31.9 32.6 31.8 30.8 2015/3 2016/3 2017/3 2018/3 Interest bearing debt ratio Debt equity ratio (times) Net debt (JPY billon) 1.23 12.2% 12.2% 10.1% 10.0% 0.71 (58.5) 0.64 0.62 (75.6) (91.4) (90.8) 2015/3 2016/3 2017/3 2018/3 2015/3 2016/3 2017/3 2018/3 2015/3
Slide 10: Cash Flows
Cash Flows JPY billion Cash flows 2015/3 2016/3 2017/3 2018/3 Operating activities (4.1) 46.3 18.9 (22.8) Investing activities 9.5 (11.7) (16.6) 6.3 Financing activities (14.3) 1.0 (1.5) (1.1) Net increase/decrease (6.4) 33.6 (1.4) (16.1) in cash Free cash flow 5.3 34.6 2.3 (16.4) Cash and cash equi
Slide 11: New Orders
New Orders 470.3 470.3 JPY billion 443.5 443.5 Region Product 309.3 309.3 116.7 116.7 2015/3 2016/3 2017/3 2018/3 2015/3 2016/3 2017/3 2018/3 Japan 145.8 38.2 22.1 71.4 Petrochemicals 283.2 219.1 6.7 50.3 Southeast Asia 271.2 129.6 64.7 81.4 Oil & Gas - - 27.3 30.7 Southwest Asia, Power / Railways e
Slide 12: Backlog of Contracts
Backlog of Contracts JPY billion 823.0 823.0 Region Product 659.0 659.0 492.6 492.6 448.6 448.6 2015/3 2016/3 2017/3 2018/3 2015/3 2016/3 2017/3 2018/3 Japan 123.9 111.6 61.2 64.1 Petrochemicals 376.6 494.7 249.4 147.4 Southeast Asia 276.8 338.4 230.3 142.6 Oil & Gas - 21.5 6.8 24.1 Southwest Asia,
Slide 13: Forecast for 2019/3
Forecast for 2019/3 JPY billion Forecast 2018/3 2019/3 Net sales 335.6 300.0 Gross profit (12.5) 21.0 Gross profit margin -3.7% 7.0% SG&A expenses 20.4 19.0 Operating income (32.9) 2.0 Operating income margin -9.8% 0.7% Non-operating income and expenses 5.1 0.5 Ordinary income (27.8) 2.5 Profit attr
Slide 14: Reference: Historical Data
-Reference- Historical Data Forecast 2015/3 2016/3 2017/3 2018/3 2019/3 Net sales JPY billion 311.4 299.8 431.9 335.6 300.0 Gross profit JPY billion 17.2 30.5 15.9 (12.5) 21.0 Gross profit margin % 5.5% 10.2% 3.7% -3.7% 7.0% SG&A expenses JPY billion 24.5 19.4 17.9 20.4 19.0 Operating income JPY bil
Slide 15: Reference: Historical Data Chart
-Reference- Historical Data Chart JPY billion Net sales Gross profit Operating income 431.9 30.5 11.0 335.6 21.0 2.0 311.4 299.8 300.0 17.2 15.9 (2.0) (7.3) (12.5) (32.9) 2015/3 2016/3 2017/3 2018/3 2019/3 2015/3 2016/3 2017/3 2018/3 2019/3 2015/3 2016/3 2017/3 2018/3 2019/3 Forecast Forecast Foreca
Slide 16: Toyo Engineering Corporation
Toyo Engineering Corporation URL http://www.toyo-eng.com For further questions on this material, please contact: Wataru IIDA General Manager Corporate Communications Division 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 TEL +81-47-454-1681 E-mail ir@toyo-eng.com The forecasts given above are ba