Toyo Engineering Corporation · TSE:6330
Toyo Engineering — Q2 FY2009 Earnings Presentation
21 slides from Toyo Engineering's earnings presentation, Nov 11, 2009
Slide 1: Outline of Financial Results
Second quarter of fiscal year 2009 (September (September 30, 30, 2009) 2009) OUTLINE OF FINANCIAL RESULTS November 11, 2009
Slide 2: Contents
©2009 Contents I Outline of income statement III New orders Performance summary 3 New orders 15 Income statement 4 Backlog of contracts 17 Net sales 5 IV Forecast 18 Gross profit 8 Operating income 9 Ordinary income 10 -Reference- Net income 11 Subsidiaries information 19 II Financial position Histo
Slide 3: Performance summary
©2009 Performance summary ¾ Decreased in revenue but increased in net income compared with interim target. ¾ Achieved the same level of net income and new orders as same period last year. < Billion yen > Forecast Achieve- 2008/9 2009/9 Difference Difference 2009/9 ment Net sales 179.3 90.6 (88.7) -4
Slide 4: Income statement
©2009 Income statement < Billion yen > 2008/9 2009/9 Difference Forecast Difference Billions of % Billions of % Billions of 2009/9 yen yen yen Net sales 179.3 100.0 90.6 100.0 (88.7) 100.0 (9.4) Cost of sales 160.7 89.6 76.5 84.4 84.2 Gross profit 18.5 10.4 14.1 15.6 (4.4) 13.5 0.6 Selling, general
Slide 5: Net sales
©2009 Net sales < Billion yen > 327.4 326.2 Compared with forecast for 2009/9 Forecast 2009/9 Difference Achievement EPC 94.3 83.9 (10.4) 89% IT 4.1 5.1 1.0 124% Real estate 1.6 1.6 (0.0) 100% Total 100.0 90.6 (9.4) 91% 190.0 179.3 90.6 Compared with same period last year 2008/9 2009/9 Difference EP
Slide 6: Net sales
©2009 Net sales < Billion yen > 2009/9 Net sales : 90.6 billion yen Breakdown by region Japan Overseas 66.6 billion yen 74% Southwest Asia, Southeast Asia Middle East and Africa Central and South America China 24.0 12.7 14.7 30.5 8.0 26% 14% 34% 9% 16% Russia and Central Asia 0.3 0% Others 0.4 1% Ma
Slide 7: Net sales
©2009 Net sales < Billion yen > 327.4 326.2 327.4 326.2 Breakdown by Breakdown by region segment details 179.3 179.3 90.6 90.6 2008/3 2008/9 2009/3 2009/9 2008/3 2008/9 2009/3 2009/9 Japan 70.8 33.9 71.7 24.0 Chemical fertilizers 6.4 6.2 22.5 12.3 Southeast Asia 34.1 30.4 45.8 12.7 Petrochemicals 94
Slide 8: Gross profit
©2009 Gross profit < Billion yen > Gross profit rate 34.4 34.7 15.6% 15.5% 29.5 10.7% 10.5% 10.4% 18.5 2008/3 2008/9 2009/3 2009/9 2010/3 14.1 Forecast Compared with forecast for 2009/9 Forecast 2009/9 Difference Achievement 13.5 14.1 +0.6 104% Compared with same period last year Forecast 2008/3 200
Slide 9: Operating income
©2009 Operating income < Billion yen > Operating income rate 15.1 5.7% 13.7 5.0% 4.6% 4.2% 3.8% 9.5 6.8 5.2 2008/3 2008/9 2009/3 2009/9 2010/3 Forecast Compared with forecast for 2009/9 Forecast 2009/9 Difference Achievement EPC 4.5 4.7 0.2 104% IT 0.0 0.0 0.0 - Forecast Real estate 0.5 0.5 0.0 100%
Slide 10: Ordinary income
©2009 Ordinary income < Billion yen > Ordinary income rate 7.3% 16.0 16.1 4.9% 4.9% 5.0% 4.4% 9.5 7.9 2008/3 2008/9 2009/3 2009/9 2010/3 6.6 Forecast Compared with forecast for 2009/9 Forecast 2009/9 Difference Achievement 5.5 6.6 +1.1 120% Compared with same period last year Forecast 2008/3 2008/9
Slide 11: Net income
©2009 Net income < Billion yen > Net income rate 8.0 4.1% 6.5 2.6% 2.5% 5.0 2.1% 2.0% 3.8 3.7 2008/3 2008/9 2009/3 2009/9 2010/3 Forecast Compared with forecast for 2009/9 Forecast 2009/9 Difference Achievement Forecast 2008/3 2008/9 2009/3 2009/9 3.0 3.7 +0.7 123% 2010/3 Compared with same period l
Slide 12: Balance sheet
©2009 Balance sheet < Billion yen > Assets 2009/3 2009/9 Difference Liabilities and net assets 2009/3 2009/9 Difference Current assets 149.1 151.0 +1.9 Current liabilities 110.4 104.6 (5.8) Cash and deposits 33.1 38.3 +5.2 Short-term interest bearing debt 6.1 8.4 +2.3 Marketable securities 29.9 38.9
Slide 13: Interest bearing debt balance
©2009 Interest bearing debt balance < Billion yen > Forecast 34.6 33.5 33.0 30.1 28.3 Consolidated subsidiaries 15.8 14.2 14.0 14.8 14.5 +5.2 (0.5) * Interest bearing Non-consolidated 18.8 19.3 19.0 debt includes Lease 15.3 13.8 obligation since 2008/3. 2008/3 2008/9 2009/3 2009/9 2010/3 Interest be
Slide 14: Cash flows
©2009 Cash flows < Billion yen > 30.0 Cash flows 20.0 10.0 0.0 (10.0) (20.0) (30.0) 2007/4 - 2008/3 2008/4 - 9 2008/4 - 2009/3 2009/4 - 9 Operating activities 25.2 (2.8) (8.9) 9.5 Investing activities (5.2) (3.5) (4.9) (0.5) Financing activities (9.0) (5.8) (8.3) 4.4 Net increase / decrease in cash
Slide 15: New orders
©2009 New orders 2009/9 New orders : 84.4 billion yen ¾ Reached 37% of target for 2010/3 (230 billion yen). Compared with target for 2010/3 Target 2009/9 Difference Achievement < Billion yen > Japan 70.0 22.7 (47.3) 32% Overseas 160.0 61.7 (98.3) 39% 268.6 Total 230.0 84.4 (145.6) 37% Target 230.0 M
Slide 16: New orders
©2009 New orders < Billion yen > Breakdown by 268.6 Breakdown by 268.6 region segment details 119.2 119.2 85.6 84.4 85.6 84.4 2008/3 2008/9 2009/3 2009/9 2008/3 2008/9 2009/3 2009/9 Japan 71.1 36.1 56.6 22.7 Chemical fertilizers 64.7 15.9 19.1 3.5 Southeast Asia 19.8 1.1 4.1 1.1 Petrochemicals 38.4
Slide 17: Backlog of contracts
©2009 Backlog of contracts < Billion yen > Breakdown by 444.4 Breakdown by 444.4 region segment details 354.5 354.5 224.4 224.4 209.1 209.1 2008/3 2008/9 2009/3 2009/9 2008/3 2008/9 2009/3 2009/9 Japan 63.5 67.5 51.1 44.4 Chemical fertilizers 67.6 77.1 62.4 51.7 Southeast Asia 67.6 37.3 22.6 9.9 Pet
Slide 18: Forecast
©2009 Forecast < Billion yen > Forecast for 2010/3 2009/3 Initial plan New plan Forecast for breakdowns by segment Net sales 326.2 200.0 190.0 Initial New Net sales Gross profit 34.7 28.0 29.5 plan plan Gross profit rate 10.7% 14.0% 15.5% EPC 185.3 176.5 IT 11.5 10.5 Operating income 15.1 8.0 9.5 Re
Slide 19: Reference - Subsidiaries information
©2009 - Reference - Subsidiaries information Results of major subsidiaries and affiliates Business Net sales Capital Share fields 2009/9 Consolidated subsidiaries Billion yen % Billion yen Japan Toyo Business Engineering Corporation IT 0.7 51 5.0 Japan TEC Estate, Ltd. Real Estate 6.0 100 1.1 Japan
Slide 20: Reference - Historical data
©2009 - Reference - Historical data Forecast 2008/3 2008/9 2009/3 2009/9 2010/3 Net sales Billion yen 327.4 179.3 326.2 90.6 190.0 Gross profit Billion yen 34.4 18.5 34.7 14.1 29.5 Gross profit rate % 10.5% 10.4% 10.7% 15.6% 15.5% Operating income Billion yen 13.7 6.8 15.1 5.2 9.5 Operating income r
Slide 21: Contact
For further questions on this material, please contact ; URL http://www.toyo-eng.co.jp Kunihiko MIYAWAKI IR Manager Corporate Planning & Administration Unit 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 TEL 81-47-454-1681 The forecasts given above are based on information available at the time o