Kobe Steel, Ltd. · TSE:5406
Kobe Steel — FY2009 Earnings Presentation
38 slides from Kobe Steel's earnings presentation, March 2010
Slide 1: Fiscal 2009 (year ended March 2010) results
ᐔᚑ㪉㪉ᐕ㪊ᦼ▚ 㩿㪉㪇㪇㪐ᐕᐲ㪀 䈮䈧䈇䈩 ᐕᣣ 㪈
Slide 2: Report items
ႎ๔㗄 䋱䋮㪉㪇㪇㪐ᐕᐲ▚ 䋲䋮䉶䉫䊜䊮䊃䈱ᴫ 㪉
Slide 3: Kobelco
KOBELCO FHP 7) L— TF
Slide 4: FY2009 results
㪉㪇㪇㪐ᐕᐲ ታ❣ (න䋺ం) ᐕᐲ ᐕᐲ ታ❣ ታ❣ Ꮕ⇣ Ꮕ⇣ Ԙ ԙ Ԛ ԚԘ Ԛԙ ᄁ㜞 ٌ ٌ ༡ᬺ៊⋉ ٌ 㧗 ⚻Ᏹ៊⋉ ٌ ٌ 㧗 ․៊⋉ ٌ 㧗 ٌ ᒰᦼ⚐៊⋉ ٌ ٌ ٌ 㧗 㧗 Ꮕ⇣ౝኈ⚦䈲 p.24䌾29䈮⸥タ 㪋
Slide 5: FY2009 sales by segment
㪉㪇㪇㪐ᐕᐲ 䍜䍖䍼䍰䍻䍢ᄁ㜞 (න䋺ం) ᐕᐲ ᐕᐲ ታ❣ ታ❣ Ꮕ⇣ Ꮕ⇣ Ԙ ԙ Ԛ ԚԘ Ԛԙ ㋕㍑㑐ㅪᬺ ٌ ٌ 㔚ജଏ⛎㑐ㅪᬺ 㧗 ٌ ࠕ࡞ࡒ㨯㌃㑐ㅪᬺ ٌ 㧗 ᯏ᪾㑐ㅪᬺ ٌ ٌ ᑪ⸳ᯏ᪾㑐ㅪᬺ ٌ ਇേ↥㑐ㅪᬺ 㧗 ٌ 㔚ሶ᧚ᢱߘߩઁ ٌ ٌ ᶖ ٌ ٌ ٌ 㧗 㧗 ว⸘ޓޓ ٌ ٌ 㪌
Slide 6: FY2009 operating income by segment
㪉㪇㪇㪐ᐕᐲ 䍜䍖䍼䍰䍻䍢༡ᬺ៊⋉ (න䋺ం) ᐕᐲ ᐕᐲ ታ❣ ታ❣ Ꮕ⇣ Ꮕ⇣ Ԙ ԙ Ԛ ԚԘ Ԛԙ ㋕㍑㑐ㅪᬺ ٌ ٌ ٌ 㧗 㔚ജଏ⛎㑐ㅪᬺ 㧗 㧗 ࠕ࡞ࡒ㨯㌃㑐ㅪᬺ ٌ 㧗 㧗 ᯏ᪾㑐ㅪᬺ ٌ 㧗 ᑪ⸳ᯏ᪾㑐ㅪᬺ ٌ ٌ ਇേ↥㑐ㅪᬺ 㧗 㧗 㔚ሶ᧚ᢱߘߩઁ ٌ ٌ ٌ ᶖ ٌ ٌ ว⸘ޓޓ ٌ 㧗 㪍
Slide 7: Interest-bearing debt
ᄖㇱ⽶ௌᱷ㜞 (න䋺ం) 㪈㪋㪃㪇㪇㪇 䋺䍪䍽䍹䍚䍼䍈䍖䍢䍪䍅䍐䍣䍻䍛 㪈㪉㪃㪇㪇㪇 㗍㊄ᱷ㜞 540 1,728 1,941 䋨IPP㒰䈒䋩 㪈㪉㪃㪐㪈㪏 㪎㪇㪌 㪈㪈㪃㪐㪌㪋 㪈㪇㪃㪇㪇㪇 㪎㪇㪌 㪈㪇㪃㪏㪈㪐 㪐㪏㪏 㪏㪎㪊 㪈㪃㪊㪋㪏 㪏㪃㪇㪇㪇 㪏㪃㪐㪌㪏 㪈㪃㪈㪇㪇 㪈㪃㪋㪉㪊 㪎㪃㪐㪎㪇 㪈㪃㪉㪈㪇 㪈㪃㪊㪈㪏 㪏㪃㪌㪌㪐 㪏㪃㪊㪎㪎 㪍㪃㪇㪇㪇 㪍㪃㪍㪐㪉 㪎㪃㪈㪊㪊 㪌㪃㪏㪐㪈 㪍㪃㪉㪈㪉 㪋㪃㪇㪇㪇 㵭㪇㪇㪆㪊 㵭㪇㪈㪆㪊 㵭㪇㪉㪆㪊 㵭㪇㪊㪆㪊 㵭㪇㪋㪆㪊 㵭㪇㪌㪆㪊 㩾㪇㪍㪆㪊 㩾㪇㪎㪆㪊 㩾㪇㪏㪆㪊 㩾㪇㪐㪆㪊 㩾㪈㪇㪆㪊 㪎
Slide 8: Shareholders' equity status
ᩣਥ⾗ᧄ䈱⁁ᴫ (න䋺ం) ᐕ ᐕ ᐕᐲታ❣ ᐕᐲᧃ ᐕᐲᧃ ᦼᧃ ᐕᐲᧃ ⾗ᧄ㊄ ⾗ᧄ㊄ ⋉㊄ ⥄Ꮖᩣᑼ ٌ ٌ ٌ ٌ ᩣਥ⾗ᧄว⸘ 㧰㧛㧱ࠪࠝ 㪏
Slide 9: Kobelco section divider
KOBELCO FHP 7) L— TF 2.c7AVEAIOMN
Slide 10: Changes to disclosure segments
㐿␜䉶䉫䊜䊮䊃䈱ᄌᦝ䈮䈧䈇䈩 䇼ᓥ㩷㩷᧪䇽 䇼㪉㪇㪈㪇ᐕᐲએ㒠䇽 ㋕䇭㍑ ㍑᧚ ㋕ 䇭㍑ ㍑᧚ ㍌㎊㍑ ㍌㎊㍑ 䉼䉺䊮 䉼䉺䊮 ㋕☳ ㋕☳ ṁធ᧚ᢱ 㔚ജଏ⛎ 㪲㍑ᚭ⊒㔚䊺㪴 㔚ജଏ⛎ 㪲㍑ᚭ⊒㔚䊺㪴 ṁ䇭ធ 䉝䊦䊚䍃㌃ 䉝䊦䊚䍃㌃ ᯏ䇭᪾ ᯏ᪾㩿䍨䍎䍢䍼㪀 㩿❗ᯏ䍃↥ᬺᯏ᪾㪀 ᯏ 䇭᪾ ᯏ᪾ 㩿❗ᯏ䍃↥ᯏ䍃䍶䍏䍖䍞䍎╬㪀 䍒䍻䍚䍼䍤䍏䍶䍻䍖䍼 㩿㋕䍒䍻䍚䍼䍃䍶䍏䍖䍞䍎╬㪀 㩿䍨䍎䍢䍼㪃৻ㇱ䍒䍻䍚䍼㪀 ᣂ㋕Ḯ ⅣႺ 㪲䊺㍑ⅣႺ䍝䍶䍋䍎䍚䍌䍻㪴 ⾗Ḯ䊶 䍒䍻䍚䍼䍤䍏䍶䍻䍖䍼 㩿㋕䍒䍻䍚䍼╬㪀 䍒䍻䍚䍼䍤䍏䍶䍻䍖䍼 ᣂ㋕Ḯ ㍑ⅣႺ䍝䍶䍋䍎䍚䍌䍻 ⅣႺ 㪲䊺㍑ⅣႺ䍝䍶䍋䍎䍚
Slide 11: Steel: production and sales status
䇼㋕㍑䇽ᒰ␠䈱↢↥䊶⽼ᄁ⁁ᴫ ᐕ ᐲ ታ ❣ ᐕ ᐲታ ❣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ో࿖☻㍑ ਁ㨠 ో࿖ᐶ᳓Ḱ ਁ㨠 ᧃ ⭯᧼㧟ຠᐶ᳓Ḱ ਁ㨠 ᧃ ࿖ౝ⥄േゞ↢↥บᢙ ਁ บ ታ❣ 㧨ᒰ␠㧪 ☻㍑↢↥ ਁ㨠 ㍑᧚⽼ᄁ㊂ ਁ㨠 ౝ࿖ౝ ౝャ ㍑᧚⽼ᄁනଔ 㨠 ㍑ ᧚ ャ Ყ ₸ ㊄㗵㩗㩨㨺㩇 㪈㪈
Slide 12: Iron ore and raw material coal price trends
㋕㋶⍹䈫ේᢱ䋨ᒝ☼䋩ଔᩰផ⒖ (ේᢱ䋺䋥/䍢䍻) (㋕㋶⍹䋺䋥/䍢䍻) 㪊㪉㪇 㪏㪇 㪉㪏㪇 㪎㪇 ේᢱ㩿Ꮐゲ㪀 㪉㪋㪇 ㋕㋶⍹㩿ฝゲ㪀 㪍㪇 㪉㪇㪇 㪌㪇 㪈㪍㪇 㪋㪇 㪈㪉㪇 㪊㪇 㪏㪇 㪉㪇 㪋㪇 㪈㪇 㪇 㪇 㩾㪐㪌 㩾㪐㪍 㩾㪐㪎 㩾㪐㪏 㩾㪐㪐 㩾㪇㪇 㩾㪇㪈 㩾㪇㪉 㩾㪇㪊 㩾㪇㪋 㩾㪇㪌 㩾㪇㪍 㩾㪇㪎 㩾㪇㪏 㩾㪇㪐 㪈㪉
Slide 13: Steel unit price trends
(න䋺/䌴) 㪈㪊 㩾㪈㪇㪆㪈㪄㪊 㩾㪇㪐㪆㪈㪇㪄㪈㪉 㩾㪇㪐㪆㪎㪄㪐 㩾㪇㪐㪆㪋㪄㪍 㩾㪇㪐㪆㪈㪄㪊 㩾㪇㪏㪆㪈㪇㪄㪈㪉 㩾㪇㪏㪆㪎㪄㪐 㩾㪇㪏㪆㪋㪄㪍 㩾㪇㪏㪆㪈㪄㪊 㩾㪇㪎㪆㪈㪇㪄㪈㪉 㩾㪇㪎㪆㪎㪄㪐 㩾㪇㪎㪆㪋㪄㪍 㩾㪇㪎㪆㪈㪄㪊 㩾㪇㪍㪆㪈㪇㪄㪈㪉 㩾㪇㪍㪆㪎㪄㪐 㩾㪇㪍㪆㪋㪄㪍 㩾㪇㪍㪆㪈㪄㪊 㩾㪇㪌㪆㪈㪇㪄㪈㪉 㩾㪇㪌㪆㪎㪄㪐 ㍑᧚නଔ䈱ផ⒖ 㩾㪇㪌㪆㪋㪄㪍 㩾㪇㪋㪆ਅ 㩾㪇㪋㪆 㩾㪇㪊㪆ਅ 㩾㪇㪊㪆 㩾㪇㪉㪆ਅ 㩾㪇㪉㪆 㩾㪇㪈㪆ਅ 㩾㪇㪈㪆 㩾㪇㪇㪆ਅ 㩾㪇㪇㪆 㩾㪐㪐㪆ਅ 㩾㪐㪐㪆 㪐㪌㪃㪇㪇㪇 㪐㪇㪃㪇㪇㪇 㪏㪌㪃㪇㪇㪇 㪏㪇㪃㪇㪇㪇 㪎㪌㪃㪇㪇㪇 㪎㪇㪃
Slide 14: Steel: demand trends and sales status
䇼ṁធ䇽㔛ⷐേะ䈫ᒰ␠⽼ᄁ⁁ᴫ (න䋺ජ䊃䊮) ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ៰ ⷐ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ṁធ᧚ᢱߩ ࿖ౝ✚㔛ⷐ 㧖 㧖 ャ᧚㒰ߊ 㧨ᒰ␠⽼ᄁ⁁ᴫ㧪 ࿖ౝ ャ ว⸘㧔න㧕 㪈㪋
Slide 15: Aluminum and copper: demand trends
䇼䍏䍷䍮䊶㌃䇽㔛ⷐേะ䈫ᒰ␠⽼ᄁ⁁ᴫ ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ៰ ⷐ ᦼ ਅ ᦼ ᐕ ᐲ ᦼ ਅ ᦼ ᐕ ᐲ シຠ㔛ⷐ ජ 㩎 㩧 ࠕ࡞ࡒ᧼ ࠕ࡞ࡒ ౝ ➧ ᧚ ࿖ౝ િ㌃ຠ㔛ⷐ ජ 㩎 㩧 ᧼ ᧦ ㌃ ▤ 㧨ᒰ␠ߩ⽼ᄁ⁁ᴫ㧪 㨻㩣㩚ᑧຠ࿖ౝ ජ㩎㩧 ャ ජ㩎㩧 ㌃᧼᧦ ජ 㩎 㩧 ㌃▤ ජ 㩎 㩧 㧕 㪈㪌
Slide 16: Machinery and engineering orders received
ᯏ᪾ ⾗Ḯ䊶䉣䊮䉳䊆䉝䊥䊮䉫 ㍑ⅣႺ䉸䊥䊠䊷䉲䊢䊮 ฃᵈ⁁ᴫ (න䋺ం) ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ᯏ᪾ ⾗Ḯ㨯 㨾㩧㩆㩨㩐㨻㩢㩧㩂㩨 ㍑ⅣႺ 㩉㩢㨷㨺㩆㨸㩧 ࿖ౝว⸘ ᶏᄖว⸘ ✚ޓว⸘ޓ 㶎⸥㊄㗵䈲ㅪ⚿ᶖᓟ䋨䉫䊦䊷䊒ౝฃᵈ䉕䉁䈝䋩 㪈㪍
Slide 17: Machinery orders trend
䋨䈗ෳ⠨䋩䇼ᣥᯏ᪾㑐ㅪᬺ䇽 ฃᵈ㜞ផ⒖ (න䋺ం) ฃᵈ㜞ว⸘ 㪈㪃㪌㪌㪌㩷㩷㩷㩷㩷㪈㪃㪏㪊㪎㩷㩷㩷㩷㩷㪉㪃㪎㪍㪈㩷㩷㩷㩷㩷㩷㪉㪃㪊㪐㪋㩷㩷㩷㩷㩷㩷㪊㪃㪇㪏㪍㩷㩷㩷㩷㩷㩷㪊㪃㪊㪐㪎 㪉㪃㪊㪏㪌㩷㩷 㪈㪃㪐㪋㪉 㪈㪃㪏㪇㪇 㪈㪃㪌㪍㪏 㪈㪃㪍㪇㪇 㪈㪃㪋㪇㪇 㪈㪃㪉㪊㪈 㪈㪃㪈㪏㪎 㪈㪃㪉㪇㪇 㪈㪃㪇㪏㪎 㪈㪃㪇㪐㪈 㪈㪃㪇㪈㪊 㪈㪃㪇㪇㪇 㪈㪃㪇㪏㪍 㪎㪍㪎 㪏㪎㪇 㪏㪌㪍 㪏㪎㪏 㪐㪇㪏 㪏㪇㪇 㪍㪏㪉 㪍㪐㪈 㪍㪍㪇 㪍㪋㪉 㪌㪍㪏 㪍㪇㪇 㪋㪊㪏 㪍㪌㪎 㪍㪈㪍 㪌㪈㪍 㪋㪐㪍 㪋㪇㪇 㪋㪊㪌 㪋㪈㪊 䊊䊷䊄 䉣䊮䉳 ⅣႺ 㪉㪇㪇 㪈㪎 ᐲ ᐲ ᐲ ᐲ ᐲ ᐲ ᐲ ᐲ ᐕ ᐕ ᐕ
Slide 18: Construction machinery: shovel demand trends
䇼䉮䊔䊦䉮ᑪᯏ䇽䉲䊢䊔䊦㔛ⷐേะ (න䋺บ) 㪎㪇㪃㪇㪇㪇 㪍㪐㪃㪎㪉㪎 㪍㪇㪃㪇㪇㪇 ࿖ౝ ਛ࿖ 㪌㪇㪃㪋㪇㪍 㪌㪍㪃㪋㪇㪐 㪌㪇㪃㪇㪇㪇 㪋㪇㪃㪇㪇㪇 㪊㪋㪃㪍㪏㪈 㪊㪊㪃㪇㪇㪍 㪉㪐㪃㪏㪌㪉 㪉㪏㪃㪈㪋㪍 㪊㪇㪃㪇㪇㪇 㪉㪌㪃㪍㪊㪐 㪊㪈㪃㪋㪊㪉 㪉㪈㪃㪎㪈㪐 㪈㪏㪃㪊㪈㪉 㪉㪋㪃㪍㪏㪋 㪉㪇㪃㪇㪇㪇 㪉㪉㪃㪍㪈㪌 㪉㪌㪃㪌㪉㪇 㪈㪇㪃㪉㪎㪉 㪈㪏㪃㪇㪎㪎 㪉㪇㪃㪊㪎㪎 㪈㪇㪃㪇㪇㪇 㪐㪃㪏㪇㪎 㪇 㪇㪈ᐕᐲ 㪇㪉ᐕᐲ 㪇㪊ᐕᐲ 㪇㪋ᐕᐲ 㪇㪌ᐕᐲ 㪇㪍ᐕᐲ 㪇㪎ᐕᐲ 㪇㪏ᐕᐲ 㪇㪐ᐕᐲ 䋨䋪ਛ࿖䈲㪈㪄㪈㪉䋩 ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ࿖ౝ
Slide 19: Crane world demand
䇼䉮䊔䊦䉮䉪䊧䊷䊮䇽䉪䊨䊷䊤䉪䊧䊷䊮䈱⇇㔛ⷐ 䋨න䋺บ䋩 㶎ਛ࿖䋯䉟䊮䊄䈲ၞಽ䈭䈚 ᣣᧄ ᰷Ꮊ ർ☨ ਛ࿖ ࠕࠫࠕ㨯ᄥᐔᵗ ߘߩઁ 㪋㪇 ਛ࿖ ࠗࡦ࠼ 㪋㪇 㪈㪐 ㄟ
Slide 20: Kobelco section divider
- KOBELCO HAR 7) L—T 20
Slide 21: FY2009 results
㪉㪇㪇㪐ᐕᐲ ታ❣ (න䋺ం) ᐕᐲታ❣ ᐕᐲታ❣ Ꮕ⇣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ Ԙ ԙ ԙԘ ᄁ㜞 ٌ ༡ᬺ៊⋉ ٌ ٌ ⚻Ᏹ៊⋉ ٌ ٌ ٌ ․៊⋉ ٌ ٌ ٌ 㧗 ᒰᦼ⚐៊⋉ ٌ ٌ ٌ 㧗 㪉㪈
Slide 22: FY2009 sales by segment
㪉㪇㪇㪐ᐕᐲ 䍜䍖䍼䍰䍻䍢ᄁ㜞 (න䋺ం) ᐕᐲታ❣ ᐕᐲታ❣ Ꮕ⇣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ Ԙ ԙ ԙԘ ㋕㍑㑐ㅪᬺ ٌ 㔚ജଏ⛎㑐ㅪᬺ 㧗 ࠕ࡞ࡒ㨯㌃㑐ㅪᬺ ٌ ᯏ᪾㑐ㅪᬺ ٌ ᑪ⸳ᯏ᪾㑐ㅪᬺ ٌ ਇേ↥㑐ㅪᬺ 㧗 㔚ሶ᧚ᢱߘߩઁ ٌ ᶖ ٌ ٌ ٌ ٌ ٌ ٌ 㧗 ว⸘ޓޓ ٌ 㪉㪉
Slide 23: FY2009 operating income by segment
㪉㪇㪇㪐ᐕᐲ 䍜䍖䍼䍰䍻䍢༡ᬺ៊⋉ (න䋺ం) ᐕᐲታ❣ ᐕᐲታ❣ Ꮕ⇣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ Ԙ ԙ ԙԘ ㋕㍑㑐ㅪᬺ ٌ ٌ ٌ 㔚ജଏ⛎㑐ㅪᬺ 㧗 ࠕ࡞ࡒ㨯㌃㑐ㅪᬺ ٌ ٌ 㧗 ᯏ᪾㑐ㅪᬺ ٌ ᑪ⸳ᯏ᪾㑐ㅪᬺ ٌ ٌ ਇേ↥㑐ㅪᬺ 㧗 㔚ሶ᧚ᢱߘߩઁ ٌ ٌ ٌ ᶖ ٌ ว⸘ޓޓ ٌ ٌ 㪉㪊
Slide 24: Ordinary income variance breakdown, FY2008 vs FY2009
ో␠⚻Ᏹ៊⋉Ꮕ⇣ౝ⸶ 䇼㪇㪏ᐕᐲ㹢㪇㪐ᐕᐲ䇽 (න䋺ం) ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ⚻Ᏹ៊⋉ ٌ ٌ ٌ Ⴧ⋉ⷐ࿃ ᷫ⋉ⷐ࿃ ේᢱଔᩰ ↢↥⩄ ٌ ✚ࠦࠬ࠻ᷫ ㋕㍑ ᐶ⹏ଔᓇ㗀 ٌ 㨻㩣㩚㨯㌃ᐶ⹏ଔᓇ㗀 ㅪ⚿ሶળ␠ᜬಽᴺ ٌ ߘߩઁ ว⸘ 㧝㧘㧡㧟㧠 ว⸘ ٌ 㧞㧘㧜㧠㧜 㪉㪋
Slide 25: Operating income variance breakdown, FY2008 vs FY2009
㋕㍑㪀༡ᬺ៊⋉Ꮕ⇣ౝ⸶ 䇼㪇㪏ᐕᐲ㹢㪇㪐ᐕᐲ䇽 (න䋺ం) ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ༡ᬺ៊⋉ ٌ ٌ ٌ Ⴧ⋉ⷐ࿃ ᷫ⋉ⷐ࿃ ේᢱଔᩰ ↢↥⩄ ٌ ✚ࠦࠬ࠻ᷫ ᐶ⹏ଔᓇ㗀 ٌ ὑᦧᓇ㗀 ߘߩઁ ٌ ว⸘ 㧗 㧝㧘㧝㧝㧜 ว⸘ ٌ 㧞㧘㧝㧟㧜 㪉㪌
Slide 26: Ordinary income variance breakdown, FY2009 H1 vs H2
ో␠⚻Ᏹ៊⋉Ꮕ⇣ౝ⸶ 䇼㪇㪐ᐕᐲ ᦼ㹢ਅᦼ䇽 (න䋺ం) ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ⚻Ᏹ៊⋉ ٌ ٌ Ⴧ⋉ⷐ࿃ ᷫ⋉ⷐ࿃ ↢↥⩄ ේᢱଔᩰ ✚ࠦࠬ࠻ᷫ ㋕㍑ᐶ⹏ଔᓇ㗀 ㅪ⚿ሶળ␠ᜬಽᴺ ߘߩઁ ว⸘ 㧗 㧥㧤㧣 ว⸘ r 㧜 㪉㪍
Slide 27: Operating income variance breakdown, FY2009 H1 vs H2
㋕㍑㪀༡ᬺ៊⋉Ꮕ⇣ౝ⸶ 䇼㪇㪐ᐕᐲ ᦼ㹢ਅᦼ䇽 (න䋺ం) ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ᐕᐲ ᦼ ਅᦼ ᐕᐲ ༡ᬺ៊⋉ ٌ ٌ Ⴧ⋉ⷐ࿃ ᷫ⋉ⷐ࿃ ේᢱଔᩰ ↢↥⩄ ٌ ✚ࠦࠬ࠻ᷫ ᐶ⹏ଔᓇ㗀 ὑᦧᓇ㗀 ߘߩઁ ว⸘ 㧗 㧤㧠㧢 ว⸘ ٌ 㧡 㪉㪎
Slide 28: Ordinary income variance breakdown, February forecast vs results
ో␠⚻Ᏹ៊⋉Ꮕ⇣ౝ⸶ 䇼㪇㪐ᐕᐲ 㪉㹢ታ❣䇽 (න䋺ం) ᐕ ᐲ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ⸘ ᦼ ਅᦼ ⸘ ⚻Ᏹ៊⋉ ٌ ٌ ٌ Ⴧ⋉ⷐ࿃ ᷫ⋉ⷐ࿃ ේᢱଔᩰ ✚ࠦࠬ࠻ᷫ 㨻㩣㩚㨯㌃ᐶ⹏ଔᓇ㗀 ㅪ⚿ሶળ␠㨯ᜬಽᴺ ߘߩઁ ว⸘ 㧗 㧝㧡㧞 ว⸘ r 㧜 㪉㪏
Slide 29: Operating income variance breakdown, February forecast vs results
㋕㍑㪀༡ᬺ៊⋉Ꮕ⇣ౝ⸶䇼㪇㪐ᐕᐲ 㪉㹢ታ❣䇽 (න䋺ం) ᐕ ᐲ ᐕ ᐲ ታ ❣ ᦼ ਅᦼ ⸘ ᦼ ਅᦼ ⸘ ༡ᬺ៊⋉ ٌ ٌ ٌ ٌ Ⴧ⋉ⷐ࿃ ᷫ⋉ⷐ࿃ ේᢱଔᩰ ✚ࠦࠬ࠻ᷫ ߘߩઁ ว⸘ 㧗 㧡㧣 ว⸘ r 㧜 㪉㪐
Slide 30: Kobelco section divider
KOBELCO HAP RITA )L—F 30
Slide 31: Capital expenditure status
⸳ᛩ⾗䈱⁁ᴫ න㧦ం ᐕ ᐲ ᐕ ᐲ ᐕ ᐲ ᐕ ᐲ Ꮕ⇣ ታ❣ ታ❣ ታ❣Ԙ ታ❣ԙ ԙ Ԙ ⸳ ᛩ ⾗ ⸘ 㧗 ኻᷫଔఘළ⾌ ޖ +22㒰 ߊ 㧗 ⸳ ᛩ ⾗ ᡰ ᛄ 㧗 ኻᷫଔఘළ⾌ ޖ +22㒰 ߊ 㧗 ᷫଔఘළ⾌ ٌ ޖ +22㒰 ߊ ٌ 㪊㪈
Slide 32: Capital expenditure by segment (accrual basis)
ᬺㇱ㐷⸳ᛩ⾗㪓⸘㗵㪕 (න䋺ం) ᐕᐲ ᐕᐲታ❣ Ꮕ⇣ ታ❣Ԙ ᦼ ਅᦼ ᐕᐲԙ ԙԘ ㋕㍑㑐ㅪᬺ 㧗 㔚ജଏ⛎㑐ㅪᬺ ٌ ࠕ࡞ࡒ㨯㌃㑐ㅪᬺ ٌ ᯏ᪾㑐ㅪᬺ ٌ ᑪ⸳ᯏ᪾㑐ㅪᬺ 㧗 ਇേ↥㑐ㅪᬺ ٌ ߘߩઁ ٌ ว⸘ޓޓ 㧗 㪊㪉
Slide 33: Depreciation by segment
ᬺㇱ㐷⸳ᛩ⾗㪓ᷫଔఘළ⾌㪕 (න䋺ం) ᐕᐲ ᐕᐲታ❣ Ꮕ⇣ ታ❣Ԙ ᦼ ਅᦼ ᐕᐲԙ ԙԘ ㋕㍑㑐ㅪᬺ ٌ 㔚ജଏ⛎㑐ㅪᬺ ٌ ࠕ࡞ࡒ㨯㌃㑐ㅪᬺ ٌ ᯏ᪾㑐ㅪᬺ r ᑪ⸳ᯏ᪾㑐ㅪᬺ ٌ ਇേ↥㑐ㅪᬺ r ߘߩઁ ٌ ว⸘ޓޓ ٌ 㪊㪊
Slide 34: Free cash flow
䊐䊥䊷䉨䊞䉾䉲䊠䊐䊨䊷 (න䋺ం) ᐕᐲ ᐕᐲታ❣ Ꮕ⇣ ታ❣Ԙ ᦼ ਅᦼ ᐕᐲԙ ԙԘ ༡ᬺ㩁㨶㨹㩆㨷㩖㩥㨺 㧗 ᛩ⾗㩁㨶㨹㩆㨷㩖㩥㨺 ٌ ٌ ٌ ٌ 㧗 㩖㩢㨺㩁㨶㨹㩆㨷㩖㩥㨺 ٌ ٌ 㧗 +22 㩖㩢㨺㩁㨶㨹㩆㨷㩖㩥㨺 ٌ ٌ 㧗 㪊㪋
Slide 35: Headcount trends
ⷐຬផ⒖ න ੱ 㧕 ᐕ ᐲ ᐕ ᐲ Ꮕ⇣ ታ❣Ԙ ታ❣ԙ ԙ Ԙ ㅪ⚿ⷐຬ න⁛ 㪊㪌
Slide 36: FY2009 results (non-consolidated)
㪉㪇㪇㪐ᐕᐲ ታ❣䋼න⁛䋾 (න䋺ం) ᐕ ᐲ ታ ❣ ᐕ ᐲ ታ ❣ Ꮕ⇣ ᦼ ਅᦼ ᐕ ᐲԘ ᦼԙ ਅ ᦼԚ ᐕ ᐲԛ ԛ Ԙ Ԛ ԙ ᄁ㜞 ٌ ༡ᬺ៊⋉ ٌ ٌ ٌ ⚻Ᏹ៊⋉ ٌ ٌ ٌ ٌ ․៊⋉ ٌ ٌ ٌ ٌ ٌ ٌ ᒰᦼ⚐៊⋉ ٌ ٌ ٌ 㪊㪍
Slide 37: Corporate philosophy
ડᬺℂᔨ 䋱䋮ା㗬䈘䉏䉎ᛛⴚ䇮ຠ䇮䉰䊷䊎䉴䉕ឭଏ䈚䉁䈜 䋲䋮␠ຬ৻ੱ䈵䈫䉍䉕ᵴ䈎䈚䇮䉫䊦䊷䊒䈱䉕ዅ䈶䉁䈜 䋳䋮䈢䉉䉁䈯ᄌ㕟䈮䉋䉍䇮ᣂ䈢䈭ଔ୯䉕ഃㅧ䈚䉁䈜 એ䈱ℂᔨ䈱ਅ䇮䉫䊦䊷䊒ో䈫䈚䈩䈱ડᬺଔ୯䉕ะ䈘䈞䉁䈜䇯 㪊㪎
Slide 38: Cautionary notes on forward-looking statements
᧪ㅢ䈚䈮㑐䈜䉎ᵈᗧ㗄 • ᧄ⾗ᢱ䈱ਛ䈮䈲䇮ᑷ␠䈱੍ᗐ䇮⏕ା䇮ᦼᓙ䇮ᗧะ䈍䉋䈶ᚢ⇛䈭䈬䇮᧪䈱੍ ᷹䈮㑐䈜䉎ౝኈ䈏䉁䉏䈩䈇䉁䈜䇯䈖䉏䉌䈲䇮ᑷ␠䈏ᚻน⢻䈭ᖱႎ䈮 䉋䉎್ᢿ䈍䉋䈶ቯ䈮ၮ䈨䈇䈩䈍䉍䇮್ᢿ䉇ቯ䈮ౝ䈜䉎ਇ⏕ቯᕈ䈍䉋䈶 ᓟ䈱ᬺㆇ༡䉇ౝᄖ䈱⁁ᴫᄌൻ䈮䉋䉎ᄌേน⢻ᕈ䈭䈬᭽䇱䈭ⷐ࿃䈮䉋䈦 䈩䇮ታ㓙䈮↢䈛䉎⚿ᨐ䈏੍᷹ౝኈ䈫䈲ታ⾰⊛䈮⇣䈭䈦䈩䈚䉁䈉น⢻ᕈ䈏䈅䉍䉁 䈜䇯ᑷ␠䈲䇮᧪੍᷹䈮㑐䈜䉎䈇䈎䈭䉎ౝኈ䈮䈧䈇䈩䉅䇮ᡷ⸓䈜䉎⟵ോ䉕⽶䈉 䉅䈱䈪䈲䈅䉍䉁䈞䉖䇯 • ⸥䈱ਇ⏕ታᕈ䈍䉋䈶ᄌേ䈱ⷐ࿃䈫䈚䈩䈲䇮એਅ䈮䈕䉎ౝኈ䉕䉖䈪䈇䉁 䈜䇯䉁䈢䇮ⷐ࿃䈲䈖䉏䉌䈮㒢ቯ䈘䉏䉎䉒䈔䈪䈲䈅䉍䉁䈞