Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — Q1 FY2013 Earnings Presentation
16 slides from Ajinomoto's earnings presentation, Jul 31, 2013
Slide 1: Consolidated Results First Quarter Ended June 30, 2013
Consolidated Results First Quarter Ended June 30, 2013 1. Overview 2. Financial Position 3. Segment Information July 31, 2013 Ajinomoto Co., Inc. Copyright © 2013 Ajinomoto Co., Inc. All rights reserved.
Slide 2: 1. (1) Overview of Results
1. (1) Overview of Results (¥ Billion) Apr.-June Apr.-June FY2013 Progress YoY Change 2013 2012 (Forecast) (A) Amount % (B) A/B Net sales 242.1 251.0 -8.9 -4% 1,019.0 24% Domestic Food Products 77.9 107.1 -29.2 -27% 338.5 23% Overseas Food Products 71.6 58.0 13.6 24% 303.9 24% Bioscience Products &
Slide 3: 1. (2) Comments on Results for the First Three Months of FY2013
1. (2) Comments on Results for the First Three Months of FY2013 Net sales decreased, mainly due to effect of disposal of Calpis shares, etc. despite positive effect of currency translation. Operating income decreased due to lower income in feed-use amino acids and effect of disposal of Calpis shares
Slide 4: 1. (3) Comments on Results for the First Three Months of FY2013
1. (3) Comments on Results for the First Three Months of FY2013 Ordinary income (¥ Billion) Apr.-June Apr.-June Change Full-year Progress 2013 2012 Amount % Forecast * None Non-operating 1.9 1.6 0.4 23% - - income (net) Ordinary income 16.4 20.9 -4.5 -21% 79.0 21% Net income (¥ Billion) Apr.-June Ap
Slide 5: 2. Financial Position
2. Financial Position (¥ Billion) ¥5.0 billion increase in total assets from March 31, 2013 June 30, 2013: Total assets 1,096.7 * Increase in goodwill because of acquisition of all the stock of Althea Technologies, Inc. Current Liabilities * Increase in yen values of the balance sheets of overseas a
Slide 6: 3. (1) Change by Business Segment
3. (1) Change by Business Segment Net sales (¥ Billion) Apr.-June 2012 251.0 Domestic Food Products -29.2 Overseas Food Products +13.6 Effect of Bioscience Products & Fine Chemicals +5.3 Currency Translation Pharmaceuticals -1.4 Overseas Food Products: +13.7 Other Business +2.7 Bioscience Products &
Slide 7: 3. (2) Domestic Food Products
3. (2) Domestic Food Products (¥ Billion) Full-year Apr.-June 2013 Progress Apr.-June 2012 Change Forecast Net sales 77.9 338.5 23% 107.1 -29.2 Seasonings & 48.9 - - 51.4 -2.5 *1 processed foods Frozen foods 29.0 - - 28.2 0.8 *2 Beverages ("Calpis") 0.0 0.0 - 27.6 -27.6 *3 Operating income 5.2 28.3
Slide 8: 3. (3) Overseas Food Products
3. (3) Overseas Food Products (¥ Billion) Full-year Apr.-June 2013 Progress Apr.-June 2012 Change Forecast Net sales 71.6 303.9 24% 58.0 13.6 Consumer foods 58.4 254.5 23% 46.9 11.5 *1 Umami seasonings for 13.2 49.4 27% 11.1 2.1 *2 processed food mfrs. Operating income 6.2 23.1 27% 5.2 1.0 *3 Shared
Slide 9: 3. (4) Bioscience Products & Fine Chemicals
3. (4) Bioscience Products & Fine Chemicals (¥ Billion) Full-year Apr.-June 2013 Progress Apr.-June 2012 Change Forecast Net sales 55.1 232.8 24% 49.8 5.3 Feed-use amino acids 23.7 108.5 22% 23.3 0.4 *1 Amino acids 19.1 - - 15.4 3.6 *2 Specialty chemicals 11.1 - - 10.0 1.1 *3 Operating income 2.5 19
Slide 10: 3. (5) Pharmaceuticals
3. (5) Pharmaceuticals (¥ Billion) Full-year Apr.-June 2013 Progress Apr.-June 2012 Change Forecast Net sales 16.8 52.9 32% 18.1 -1.4 *1 Operating income 0.4 4.3 10% 0.7 -0.3 *2 Shared companywide expenses -0.5 -1.5 31% -0.5 0.1 *1 Increase in sales of self-distributed products with the contribution
Slide 11: 3. (6) Other Business
3. (6) Other Business (¥ Billion) Full-year Other Business Apr.-June 2013 Progress Apr.-June 2012 Change Forecast Net sales 20.7 90.9 23% 17.9 2.7 *1 Edible oils & Coffee products 0.5 - - 0.5 0.0 Operating income 0.1 0.1 39% - 0.0 0.1 *2 Edible oils & Coffee products 0.5 - - 0.5 0.0 Shared companywi
Slide 12: 3. (7) Net Sales by Business & Geographical Area
3. (7) Net Sales by Business & Geographical Area Upper row: Apr.-June 2013; lower row: Apr.-June 2012. Figures in parentheses represent YoY change. (¥ Billion) Japan Asia Americas Europe Total Domestic Food 73.5 (-29.8) 1.4 (-0.1) 2.7 (0.8) 0.4 (0.0) 77.9 (-29.2) Products 103.3 1.5 1.9 0.4 107.1 Ove
Slide 13: 3. (8) Operating Income by Business & Geographical Area
3. (8) Operating Income by Business & Geographical Area Upper row: Apr.-June 2013; lower row: Apr.-June 2012 Figures in parentheses represent YoY change. (¥ Billion) * Japan Asia Americas Europe Other Total Domestic Food 6.2 (-5.0) 0.5 (0.2) 0.3 (0.1) 0.1 (-0.0) -1.8 (1.0) 5.2 (-3.8) Products 11.2 0
Slide 14: 3. (9) Comments on Operating Income by Business & Geographical Area
3. (9) Comments on Operating Income by Business & Geographical Area Apr.-June FY2013 Change Compared with Same Period of Previous Year 1. Overseas Food Products (¥ Billion) [YoY change] Japan +¥0.4; Asia +¥1.0; Americas +¥0.1; Europe -¥0.3; Other* -¥0.1; Total +¥1.0 Asia: Increase due to positive ef
Slide 15: (Reference) Feed-Use Lysine Market Price and CBOT Spread Trend
(Reference) Feed-Use Lysine Market Price and CBOT Spread* Trend *The spread is the price difference between soybean meal and corn on the Chicago Board of Trade (CBOT). (USD/kg, CIF) (USD/ST） 4.5 300 4.0 Feed-Use Lysine Market Price(USD/kg) & CBOT Spread（ USD/ST) 250 3.5 Spread 3.0 200 2.5 150 2.0 1.
Slide 16: 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