Toyo Engineering Corporation · TSE:6330
Toyo Engineering — Q2 FY2014 Earnings Presentation
20 slides from Toyo Engineering's earnings presentation, Nov 13, 2014
Slide 1: Outline of Financial Results, Second Quarter FY ending March 2015
OUTLINE OF FINANCIAL RESULTS Second quarter of fiscal year ending March 2015 November 13, 2014 Toyo Engineering Corporation
Slide 2: Contents
Toyo Engineering Corporation © 2014 Contents マスター タイトルの書式設定 Outline of income statement New orders Performance summary 3 New orders 13 Income statement 5 Backlog of contracts 15 Net sales 6 Gross profit 8 Forecast 17 Operating, Ordinary & Net income 9 Financial position -Reference- Balance sheet 10
Slide 3: Performance summary
Toyo Engineering Corporation © 2014 Performance マスター summary タイトルの書式設定 Revenue and profit increased compared with the same period of the last year. New orders as of 1st half of fiscal year marked historical high record. Revise the Forecast of FY2014 : Increase in revenue but decrease in profit
Slide 4: Performance summary
Toyo Engineering Corporation © 2014 Performance マスター summary タイトルの書式設定 Billion yen Forecast 2013/9 2014/9 Difference 2015/3 Progress as of Nov 13, 2014 Net sales 110.9 132.5 21.6 19% 310.0 43% Gross profit 6.6 11.9 5.3 80% 27.0 44% Gross profit rate 6.0% 9.0% 3.0% 8.7% Operating income (4.4) 0.1 4.5
Slide 5: Income statement
Toyo Engineering Corporation © 2014 Income マスター statement タイトルの書式設定 Billion yen 2013/9 2014/9 Forecast Difference 2015/3 Progress Billion yen % Billion yen % as of Nov 13, 2014 Net sales 110.9 100.0 132.5 100.0 21.6 310.0 43% Cost of sales 104.2 94.0 120.6 91.0 (16.4) Gross profit 6.6 6.0 11.9 9.0 5
Slide 6: Net sales
Toyo Engineering Corporation © 2014 Net sales マスター タイトルの書式設定 Billion yen Compared with the same period of the previous year 228.7 230.1 2013/9 2014/9 Difference EPC 104.4 125.8 21.4 20% IT 5.5 5.7 0.2 4% Real estate 1.0 1.0 0.0 0% Total 110.9 132.5 21.6 19% 132.5 2013/9 2014/9 Difference 110.9 Japan
Slide 7: Net sales breakdown by region and segment
Toyo Engineering Corporation © 2014 Net sales マスター タイトルの書式設定 Billion yen Breakdown by region Breakdown by segment details Others 9.8 Chemical Japan Others 19.9 China 4.9 fertilizers 16.8 7% Real estate 1.0 34.0 4% 13% 15% Central IT 5.7 26% and 1% General 4% South 17% 15% manufacturing 1% America 20
Slide 8: Gross profit
Toyo Engineering Corporation © 2014 マスターGross profit タイトルの書式設定 Billion yen Gross profit rate 25.1 10.6% 10.9% 24.2 9.0% 6.0% 2013/3 2013/9 2014/3 2014/9 11.9 Compared with the same period of the previous year 2013/9 2014/9 Difference 6.6 6.6 11.9 5.3 80% Compared with forecast for 2015/3 Forecast Re
Slide 9: Operating, Ordinary & Net income
Toyo Engineering Corporation © 2014 Operating, マスターOrdinary & Net income タイトルの書式設定 Line chart : Profit rate (%), Bar chart : Amount (billion yen) Operating income Ordinary income Net income 1.8% 2.1% 2.0% 0.7% 0.2% 0.1% 0.6% 0.4% 0.9% -2.1% -4.0% -3.3% 4.9 2013/3 2013/9 2014/3 2014/9 4.0 EPC 0.3 (5.
Slide 10: Balance sheet
Toyo Engineering Corporation © 2014 Balance マスター sheet タイトルの書式設定 Billion yen Assets 2014/3 2014/9 Difference Liabilities and net assets 2014/3 2014/9 Difference Current assets 202.0 188.8 (13.2) Current liabilities 140.1 135.3 (4.8) Cash and deposits 73.8 58.0 (15.8) Short-term interest bearing debt
Slide 11: Interest bearing debt balance
Toyo Engineering Corporation © 2014 Interest マスターbearing debt balance タイトルの書式設定 Billion yen 44.7 40.0 40.0 37.9 7.6 Consolidated 6.7 subsidiaries 8.6 8.0 (4.7) 37.1 Non-consolidated 31.4 29.9 33.3 2013/3 2013/9 2014/3 2014/9 Interest bearing debt ratio Debt equity ratio (times) Net debt (billion yen
Slide 12: Cash flows
Toyo Engineering Corporation © 2014 マスター Cash flows タイトルの書式設定 Billion yen Cash flows 2012/4~2013/3 2013/4~9 2013/4~2014/3 2014/4~9 Operating activities (18.9) 9.9 21.2 (1.7) Investing activities (1.5) (0.7) (1.6) (1.8) Financing activities (0.5) (3.0) 3.1 (5.8) Net increase/decrease in cash (18.9) 7
Slide 13: New orders
Toyo Engineering Corporation © 2014 マスターNew orders タイトルの書式設定 Billion yen 2014/9 New orders : 352.6 billion yen 365.1 Major contracts 352.6 31.1 Over 200 billion yen Petrochemical, MALAYSIA 290.4 95.3 Over 50 billion yen Japan Energy-related, JAPAN 37.4 Over 4 billion yen Energy-related, JAPAN Oil re
Slide 14: New orders by region and segment
Toyo Engineering Corporation © 2014 マスターNew orders タイトルの書式設定 Billion yen Breakdown by Breakdown by 365.1 352.6 365.1 352.6 region segment details 290.4 290.4 170.6 170.6 2013/3 2013/9 2014/3 2014/9 2013/3 2013/9 2014/3 2014/9 Japan 37.4 14.3 31.1 95.3 Chemical fertilizers 114.7 1.6 27.3 3.2 Southeas
Slide 15: Backlog of contracts
Toyo Engineering Corporation © 2014 Backlog マスター of contracts タイトルの書式設定 Billion yen 2014/9 Backlog of contracts 763.2 763.2 billion yen 100.2 Major contracts 538.0 20.8 Over 200 billion yen 450.2 410.4 22.1 Petrochemical, MALAYSIA Japan 24.4 663.0 Overseas 517.2 Over 50 billion yen 428.1 386.0 Energ
Slide 16: Backlog of contracts by region and segment
Toyo Engineering Corporation © 2014 Backlog マスター of contracts タイトルの書式設定 Billion yen Breakdown by Breakdown by region 763.2 segment details 763.2 538.0 538.0 450.2 450.2 410.4 410.4 2013/3 2013/9 2014/3 2014/9 2013/3 2013/9 2014/3 2014/9 Japan 24.4 22.1 20.8 100.2 Chemical fertilizers 151.3 129.6 138
Slide 17: Forecast
Toyo Engineering Corporation © 2014 Forecast マスター タイトルの書式設定 Billion yen Second Forecast for 2015/3 2014/3 quarter 2014/9 Initial plan New plan Segment breakdown Net sales 230.1 132.5 290.0 310.0 of the forecast Gross profit 25.1 11.9 33.0 27.0 Net sales Initial New plan plan Gross profit rate 10.9%
Slide 18: Forecast
Toyo Engineering Corporation © 2014 Forecast マスター タイトルの書式設定 Billion yen Net sales New orders Gross profit rate Operating income rate 10.9% 8.7% 500.0 365.1 310.0 230.1 0.2% 0.6% 2014/3 2015/3 2014/3 2015/3 2014/3 2015/3 2014/3 2015/3 Gross profit Operating income Ordinary income Net income 25.1 27.0
Slide 19: Reference: Historical data
Toyo Engineering Corporation © 2014 -Reference- Historical data マスター タイトルの書式設定 Forecast 2013/3 2013/9 2014/3 2014/9 2015/3 Net sales Billion yen 228.7 110.9 230.1 132.5 310.0 Gross profit Billion yen 24.2 6.6 25.1 11.9 27.0 Gross profit rate % 10.6% 6.0% 10.9% 9.0% 8.7% Operating income Billion yen
Slide 20: Toyo Engineering Corporation
Toyo Engineering Corporation URL http://www.toyo-eng.com For further questions on this material, please contact: Kenji SATO General Manager Corporate Communication 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 base