Kureha Corporation · TSE:4023
Kureha — Q3 FY2022 Earnings Presentation
13 slides from Kureha's earnings presentation, Feb 7, 2023
Slide 1: FY2022 3Q Results
FY2022 3Q Results February 7, 2023
Slide 2: FY2022 3Q Earnings (1)
1 FY2022 3Q Earnings (1) (in billions of yen) Vs. FY2021 3Q FY21 FY22 Change 3Q 3Q YOY • Revenue grew on sales expansion in 25.9 Advanced Materials, particularly PVDF used as Revenue 123.1 149.0 (+21.0%) a binder material for lithium-ion batteries, and 6.2 in Specialty Chemicals and Specialty Plasti
Slide 3: FY2022 3Q Earnings (2)
2 FY2022 3Q Earnings (2) (in billions of yen) Performance by Segment (vs. 3Q/FY21) Revenue Core operating profit 66.1 3Q/FY21 3Q/FY22 11.5 3Q/FY21 3Q/FY22 45.0 8.5 36.5 7.5 35.3 25.4 20.6 4.2 13.714.1 2.2 2.2 2.5 2.6 8.5 6.9 0.5 0.4 機能製品 Specialty Advanced 化学製品 Specialty 樹脂製品 Construction 建設関連 その他関連
Slide 4: FY2022 Full-Year Financial Forecast
3 FY2022 Full-Year Financial Forecast *As announced on November 9, 2022 (in billions of yen) Changes Vs. FY2021 Changes FY22 FY21 FY22 vs. Initial vs. • Revenue growth led by Advanced Results Forecast Initial Materials, Specialty Chemicals FY21 forecast forecast and Specialty Plastics, despite 21.7
Slide 5: FY2022 Full-Year Financial Forecast
4 FY2022 Full-Year Financial Forecast *As announced on November 9, 2022 (in billions of yen) Revenue & Operating Profit by Segment (vs. FY21) (billion yen) Revenue 15.0 Core operating profit 87.5 FY21 Results FY21 Results FY22 Forecast FY22 Forecast 66.7 10.0 9.9 7.5 44.8 45.0 26.2 29.0 3.1 2.5 18.5
Slide 6: Segment Performance: Advanced Materials
5 Segment Performance: Advanced Materials (billions of yen) Vs. FY2021 3Q FY21 FY22 Change 3Q 3Q % Revenue ➚ Operating profit ➚ Advanced Materials Advanced plastics: Revenue up, profit up - Increased sales of PVDF (LiB binder), PPS Advanced plastics 30.9 50.6 +64% and PGA Carbon products 4.4 5.2 +17
Slide 7: Segment Performance: Specialty Chemicals
6 Segment Performance: Specialty Chemicals (billions of yen) Vs. FY2021 3Q FY21 FY22 Change 3Q 3Q % Revenue ➚ Operating profit → Specialty Chemicals Agrochemicals: Revenue up, profit flat Agrochemicals 6.3 8.8 +40% - Higher sales volume offset by higher fuel and raw material costs Pharmaceuticals 3.
Slide 8: Segment Performance: Specialty Plastics
7 Segment Performance: Specialty Plastics (billions of yen) Vs. FY2021 3Q FY21 FY22 Change 3Q 3Q % Revenue ➚ Operating profit ➘ Specialty Plastics Home products/Fishing lines: Revenue down, profit down Home products 18.8 17.9 -5% - Slower NEW Krewrap sales (home-use Fishing lines 3.5 3.5 -0% food wr
Slide 9: Segment Performance: Construction
8 Segment Performance: Construction (billions of yen) Vs. FY2021 3Q FY21 FY22 Change 3Q 3Q % Revenue ➘ Operating profit ➘ Construction - Fewer construction projects in both public Construction 13.4 13.7 +2% and private sectors Elimination -4.9 -6.8 -- (Intercompany sale) Revenue 8.5 6.9 -18% Operati
Slide 10: Segment Performance: Other Operations
9 Segment Performance: Other Operations (billions of yen) Vs. FY2021 3Q FY21 FY22 Change % Other Operations 3Q 3Q Other Operations Revenue ➚ Operating profit ➚ Environmental engineering 9.9 10.2 +3% - Environmental engineering revenue and profit Logistics 6.2 6.1 -1% increased on higher industrial w
Slide 11: Financial Position
10 Financial Position (billions of yen) Assets Liabilities and Equity Mar. 31 Dec. 31 Mar. 31 Dec. 31 Change Change 2022 2022 2022 2022 Cash and cash equivalents 30.6 25.6 -5.0 Trade and other payables 29.5 27.8 -1.7 Trade and other receivables 35.8 37.7 1.9 Interest-bearing debt 28.5 25.6 -2.9 Inve
Slide 12: PGA & PVDF Business Updates
11 PGA & PVDF Business Updates *PVDF and PGA revenue forecasts remain unchanged (as announced on November 9, 2022) ¥ billion ¥ billion 50050 Revenue: PVDF Revenue: PGA 50 5.0 25025 25 2.5 00 0.0 0 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 estimate 予想 予想 estimate 電池向け LiB
Slide 13: Disclaimer
12 Disclaimer • This presentation material is provided for a deeper understanding of our company, and is not intended to be used as a solicitation for investment or other activities. • This material has been prepared by our company based on the information available at the time of the presentation.