Lg Chem Ltd. · KRX:051910
Lg Chem — Q2 2015 Earnings Presentation
12 slides from Lg Chem's earnings presentation, Sep 14, 2015
Slide 1: 2Q 2015 Business Results & Outlook
2Q 2015 Business Results & Outlook September 2015
Slide 2: Disclaimer
Disclaimer The business results are subject to the IFRS(International Financial Reporting Standards) from 2010. In addition, operating profits are amended to reflect “Guidance for public announcements of business results” reported by KAI(Korea Accounting Institute) on Feb 18th 2013. Forecasts and pr
Slide 3: Table of Contents
Table of Contents 2Q 2015 Business Results 1 Divisional Results & Outlook 3 Appendix 5 - Divisional Sales & Operating Profit - Cash Flow - CAPEX - Quarterly Price Trends - Monthly Price Trends
Slide 4: 2Q 2015 Business Results: Income Statements
2Q 2015 Business Results Income Statements (Unit: KRW bn) Classification ’14.2Q ’15.1Q ’15.2Q YoY QoQ Sales 5,869 4,915 5,073 -13.6% 3.2% Operating Profit 360 362 563 56.7% 55.7% (%) (6.1) (7.4) (11.1) Pre-tax Income 290 324 493 70.0% 52.1% (%) (4.9) (6.6) (9.7) Net Income 227 246 353 55.6% 43.3% 1
Slide 5: 2Q 2015 Business Results: Financial Position
2Q 2015 Business Results Financial Position Financial Position Financial Ratios (Unit: KRW bn) Classification ’14 ’15.2Q Change Classification ’14 ’15.2Q Change Asset 18,128 18,346 1.2% Total Liabilities/ 47.8 45.5 -2.3%p Cash and Equity (%) equivalents 1,748 2,100 20.2% Borrowings / 23.9 23.6 -0.3%
Slide 6: Divisional Results & Outlook: Basic Materials & Chemicals
Divisional Results & Outlook Basic Materials & Chemicals Business results Analysis (Unit: KRW bn) Analysis • Earnings improved with seasonal demand and premium products sales 4,516 -NCC/PO : In spite of maintenance shutdown at Daesan NCC, 3,801 earnings improved based on product price rises NCC/PO 3
Slide 7: Divisional Results & Outlook: I&E Materials/Energy Solutions
Divisional Results & Outlook I&E Materials/Energy Solutions Business results Analysis (Unit: KRW bn) Analysis - I&E : Earnings declined due to weaker-than-expected panel Materials demand and LCD glass’ cold repair, while strengthening market position through increased utilization rate of Chinese pol
Slide 8: Divisional Sales & Operating Profit
Appendix Divisional Sales & Operating Profit (Unit: KRW bn) 2014 2015 Classification 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 5,673 5,869 5,664 5,372 22,578 4,915 5,073 9,988 Operating Profit 362 360 358 232 1,311 362 563 925 OP Margin 6.4% 6.1% 6.3% 4.3% 5.8% 7.4% 11.1% 9.3% Basic Materials & Chem
Slide 9: Borrowings & Cash Flow
Appendix Borrowings & Cash Flow Borrowings Cash Flow (Unit : KRW bn) (Unit: KRW bn) Classification ’14 ’15.1H Classification ’14 ’15.1H Total 2,934 2,972 Beginning Cash 1,909 1,748 (Overseas Subsidiaries) (1,244) (1,239) 100% 100% Operating/Investing 215 608 KRW Currency 601 540 20% 18% Net Income 8
Slide 10: CAPEX Plan & Results
Appendix CAPEX Plan & Results (Unit: KRW bn) Classification ’13 ’14 ’15 Plan ’15.1H New / Expansion 416 402 303 237 Basic Materials Maintenance 213 329 360 256 & Chemicals Total 629 731 662 493 New / Expansion 269 285 219 180 I&E Maintenance 94 122 150 72 Materials Total 363 407 369 252 New / Expans
Slide 11: Quarterly Price Trends
Appendix Quarterly Price Trends (Unit : USD/MT) (Unit : USD/MT) PVC/ Acrylate/ Rubber/ NCC/PO ABS/EP Plasticizer SAP Specialty Polymers • The prices are average price of CFR FE Asia for general grade in each product group. 8 / 12 8
Slide 12: Monthly Price Trends
Appendix Monthly Price Trends (Unit : USD/MT) (Unit : USD/MT) 1,569 2,028 1,524 1,565 1,509 1,402 1,411 1,873 1,761 1,429 1,433 1,365 1,324 1,923 1,544 1,856 1,756 1,413 1,246 1,369 1,232 1,293 1,705 1,611 1,686 1,606 1,424 1,275 1,649 1,652 1,129 1,373 1,588 1,545 1,528 1,325 1,318 1,199 1,573 1,54