Mitsui Chemicals, Inc. · TSE:4183

Mitsui Chemicals — Q1 FY2024 Earnings Presentation

35 slides from Mitsui Chemicals's earnings presentation, Aug 6, 2024

  1. Slide 1: Financial Summary: Results for 1Q FY2024 & Outlook for 1H FY2024

    Financial Summary Results for 1st Quarter of FY2024 & Outlook for 1st Half of FY2024 Mitsui Chemicals, Inc. ＜Remarks＞ Aug 6, 2024 FY2024 indicates the period from April 1, 2024 to March 31, 2025. This summary contains forward-looking statements about the future plans, strategies, belief and performa

  2. Slide 2: 1Q FY2024 Earnings Announcement: Key Takeaways

    1Q FY2024 Earnings Announcement: Key Takeaways ■1Q FY2024 Financial Results ✓ Sales revenue was up YoY. In addition, operating income before special items, operating income, income before taxes, and net income attributable to owners of the parent were also up YoY. ✓ In the growth domains, operating

  3. Slide 3: Contents

    Contents 1. Results for 1st Quarter of FY2024 (April 1, 2024 – June 30, 2024) 1) Trends of Key Market Indicators ･･･ 1 2) Major Investment Projects, etc. ･･･ 2 3) Consolidated Financial Highlights ･･･ 3-4 4) Sales Revenue and Operating Income before Special Items by Business Segment ･･･ 5 (compared

  4. Slide 4: 1. Results for 1st Quarter of FY2024

    1. Results for 1st Quarter of FY2024 (April 1, 2024 – June 30, 2024) In accordance with the organizational reform implemented on April 1, 2024, we have revised the segments to which Honshu Chemical Industry Co., Ltd. and certain other consolidated subsidiaries and equity method affiliates in ICT Sol

  5. Slide 5: 1) Trends of Key Market Indicators

    1) Trends of Key Market Indicators FY2024 FY2024 1H 1Q→ 1Q 2Q (changes from FY2023 1H) 2Q Ophthalmic lens materials market Firm demand Firm demand to continue Firm demand Life ＆ Healthcare Solutions Firm demand to continue; Firm demand; inventory level adjustments Agrochemicals market seen in some r

  6. Slide 6: 2) Major Investment Projects, etc.

    2) Major Investment Projects, etc. Major Investment projects Date Capacity FY22 FY23 FY24 FY25~ Life & Acquisition of ophthalmic lens processing equipment maker November.'22 - Healthcare Establishment of JV for nonwovens businesses @Japan October.'23 - Solutions Capacity expansion of MR™ High Refrac

  7. Slide 7: 3-1) Consolidated Financial Highlights

    3-1) Consolidated Financial Highlights (Billions of Yen) () Denotes a minus FY2023 FY2024 Increase Items % 1Q 1Q (Decrease) Sales revenue 407.9 449.5 41.6 10% Operating income before special 20.9 30.2 9.3 44% items (inc. Equity in earnings) 3.2 3.6 0.4 - Non-recurring items (7.0) (3.0) 4.0 - Operati

  8. Slide 8: 3-2) Consolidated Financial Highlights (Operating Income before Special Items)

    3-2) Consolidated Financial Highlights (Operating Income before Special Items) Profit/loss Factors Comments trigger ・Vision care materials increased due to elimination of negative impact from inventory level adjustments in some markets in FY23. ［+］ ・Agrochemicals increased in overseas markets. ［+］ V

  9. Slide 9: 4) Sales Revenue and Operating Income before Special Items by Business Segment

    4) Sales Revenue and Operating Income before Special Items by Business Segment (compared with corresponding period of FY2023 results) (Billions of Yen) () Denotes a minus Operating income before special Sales revenue Breakdown items Segment FY2023 FY2024 Incr. FY2023 FY2024 Incr. Terms of Volume Cos

  10. Slide 10: 5-1) Life & Healthcare Solutions: Operating Income and Business Overview

    5-1) Life & Healthcare Solutions: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1Q [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger ・Sales volume was up due to elimination of negative impact from in

  11. Slide 11: 5-2) Mobility Solutions: Operating Income and Business Overview

    5-2) Mobility Solutions: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1Q [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger ・Sales volume of was up, mainly in automotive applications [+]Sales Volume

  12. Slide 12: 5-3) ICT Solutions: Operating Income and Business Overview

    5-3) ICT Solutions: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1Q [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger [+]Sales volume Semiconductor & ・Overall sales volume was up due to recovery in

  13. Slide 13: 5-4) Basic & Green Materials: Operating Income and Business Overview

    5-4) Basic & Green Materials: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1Q [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger ・Improvement in terms of trade driven by sales price revision [+]Terms

  14. Slide 14: 6) Non-recurring Items

    6) Non-recurring Items (Billions of Yen) () Denotes a minus FY2023 FY2024 Incr. Items 1Q 1Q (Decr.) Loss (gain) on sales and disposal of non-current assets 0.0 (0.1) (0.1) Impairment loss (9.2) (3.1) 6.1 Others 2.2 0.2 (2.0) Non-recurring items total (7.0) (3.0) 4.0 1. Results for FY2024.1Q 10 Copyr

  15. Slide 15: 7) Consolidated Statement of Financial Position

    7) Consolidated Statement of Financial Position (Billions of Yen) () Denotes a minus End of End of Incr. End of End of Incr. Items Items Mar.2024 Jun.2024 (Decr.) Mar.2024 Jun.2024 (Decr.) Current assets 1,150.6 1,131.1 (19.5) Liabilities 1,231.0 1,209.6 (21.4) Cash and cash equivalents 210.3 223.5

  16. Slide 16: 8) Consolidated Statement of Cash Flow

    8) Consolidated Statement of Cash Flow (Billions of Yen) () Denotes a minus FY2023 FY2024 Incr. Items 1Q 1Q (Decr.) Ⅰ．Cash flows from operating activities (a) (11.7) 39.8 51.5 ( of which Working capital ) (17.2) 5.0 22.2 Ⅱ．Cash flows from investing activities (b) 9.9 (23.9) (33.8) Free cash flows (a

  17. Slide 17: 2. Outlook for 1st Half of FY2024

    2. Outlook for 1st Half of FY2024 (April 1, 2024 – September 30, 2024) ・We have discovered a failure in the steam supply system of an ethylene plant in Osaka, which has been undergoing scheduled maintenance since June 2024, and are working to resolve the problem. We currently expect that it will tak

  18. Slide 18: 1-1) Highlights of Consolidated Financial Outlook

    1-1) Highlights of Consolidated Financial Outlook (Billions of Yen) () Denotes a minus FY2024 FY2024 FY2023 Incr.(Decr.) Previous Outlook Items Outlook 1st Half 1st Half 1st Half ％ 1st Half Sales revenue 823.7 910.0 86.3 10% 890.0 Operating income before special items 42.0 52.0 10.0 24% 52.0 Non-rec

  19. Slide 19: 1-2) Highlights of Consolidated Financial Outlook by Segment

    1-2) Highlights of Consolidated Financial Outlook Operating Income before Special Items of Outlook by Business Segment (compared with previous outlook for FY2024) (Billions of Yen) () Denotes a minus Operating income before special items FY2024 Comments Segment Previous [+] denotes profit trigger Ou

  20. Slide 20: 1-3) Highlights of Consolidated Financial Outlook (Operating Income before Special Items)

    1-3) Highlights of Consolidated Financial Outlook (Operating Income before Special Items) Profit/loss Factors Comments trigger ・Vision care materials expected to increase, due to elimination of negative impact from inventory level adjustments in ［+］ some markets in FY23. ［+］ Volume ・Agrochemicals ex

  21. Slide 21: 2) Sales Revenue and Operating Income of Outlook by Business Segment

    2) Sales Revenue and Operating Income before Special Items of Outlook by Business Segment (compared with corresponding period of FY2023 results) (Billions of Yen) () Denotes a minus Sales revenue Operating income before special items Breakdown FY2024 FY2024 Segment FY2023 FY2023 Terms of 1H Incr.(De

  22. Slide 22: 3-1) Life & Healthcare Solutions: Outlook and Business Overview

    3-1) Life & Healthcare Solutions: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1H (Outlook): [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger ・Sales volume expected to increase due to elimination o

  23. Slide 23: 3-2) Mobility Solutions: Outlook and Business Overview

    3-2) Mobility Solutions: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1H (Outlook): [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger [+]Sales volume ・Sales volume increase mainly in automotive appl

  24. Slide 24: 3-3) ICT Solutions: Outlook and Business Overview

    3-3) ICT Solutions: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1H (Outlook): [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger ・Overall sales volume expected to increase due to demand recovery in

  25. Slide 25: 3-4) Basic & Green Materials: Outlook and Business Overview

    3-4) Basic & Green Materials: Operating Income before Special Items and Business Overview Comments Business Overview of FY24.1H (Outlook): [+] denotes profit trigger Movement of Operating Income before Special Items [-] denotes loss trigger ・Improvement in terms of trade driven by sales price revisi

  26. Slide 26: 4) Operating Income by Business Segment (2Q vs. 1Q of FY2024 Outlook)

    4) Operating Income before Special Items by Business Segment (2Q vs. 1Q of FY2024 Outlook) (Billions of Yen) () Denotes a minus Operating income before special items FY2024 Comments Segment 2Q Incr. [+] denotes profit trigger 1Q [-] denotes loss trigger Outlook (Decr.) Life & Healthcare 5.8 10.2 4.4

  27. Slide 27: 5) Consolidated Statement of Cash Flow

    5) Consolidated Statement of Cash Flow (Billions of Yen) FY2024 FY2023 Outlook Items Incr.(Decr.) 1st Half 1st Half Ⅰ．Cash flows from operating activities (a) 85.8 56.0 (29.8) Ⅱ．Cash flows from investing activities (b) (35.5) (70.0) (34.5) Free cash flows (a)+(b) 50.3 (14.0) (64.3) Ⅲ．Cash flows from

  28. Slide 28: 3. Appendix

    3. Appendix 1) Trends in Product Prices 2) Sales Revenue Increase/Decrease (Year on Year) by Business Segment 3) Sales Revenue and Operating Income before Special Items by Business Segment 4) Outline of Business Segments 5) Data Highlights Copyright © 2024 Mitsui Chemicals, Inc.

  29. Slide 29: 1) Trends in Product Prices

    1) Trends in Product Prices (Naphtha prices are Domestic Standard Naphtha Price ) (PE, PP, PH, BPA(Japan) : Change in Prices and Raw Materials Prices in Japan / BPA(China), PTA, TDI : Chinese Market Price) (ACP) : Asian contract price Year 2021 2022 2023 2024 Month Jul.-Sep. Oct.-Dec. Jan.-Mar. Apr.

  30. Slide 30: 2) Sales Revenue Increase/Decrease (Year on Year) by Business Segment

    2) Sales Revenue Increase/Decrease (Year on Year) by Business Segment (Billions of Yen) () Denotes a minus Sales revenue Breakdown Segment Comments FY2023 FY2024 Incr.(Decr.) Volume Prices 1Q 1Q Life & Healthcare Volume）Sales of vision care and agrochemicals were firm. 57.1 67.5 10.4 8.3 2.1 Solutio

  31. Slide 31: 3) Sales Revenue and Operating Income by Business Segment

    3) Sales Revenue and Operating Income before Special Items by Business Segment (Billions of Yen) () Denotes a minus Sales revenue FY2023* FY2024 Segment Jul-Sep Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Outlook Life & Healthcare Solutions 57.1 62.0 69.5 83.1 67.5 73.5 Mobility Solutions 127.4 133.9 13

  32. Slide 32: 4) Outline of Business Segments

    4) Outline of Business Segments Segment Businesses Main Products Vision Care Materials, Ophthalmic lens materials (MR™, Do Green™), Personal Care Materials, Medical materials (taurine), Life & Healthcare Nonwovens, Oral Care, Nonwovens (hygiene materials, industrial materials), Solutions Agrochemica

  33. Slide 33: 5-1) Data Highlights

    5-1) Data Highlights ～FY19：J-GAAP / FY20～：IFRS () Denotes a minus （Billions of Yen） Total Assets （Billions of Yen） 2,500 Net Sales/Sales Revenue 2,400 2,215.8 2,200 2,068.2 1,879.5 1,850.0 1,935.0 2,000 1,749.7 2,000 1,612.7 1,482.9 1,328.5 1,339.0 1,800 1,500 *1 1,211.7 1,558.1 1,600 1,501.1 1,480.

  34. Slide 34: 5-2) Data Highlights

    5-2) Data Highlights ～FY19：J-GAAP / FY20～：IFRS （Billions of Yen） 250.0 Capital Expenditure （Billions of Yen） Depreciation & Amortization 207.1 185.7 175.0 150.0 200.0 168.0 *3 102.0 150.0 *2 92.1 95.2 *1 100.0 76.6 84.2 81.2 93.2 100.0 76.3 61.9 45.7 49.5 52.1 50.0 50.0 0.0 0.0 '17 '18 '19 '20 '21 '

  35. Slide 35: Challenge Diversity One Team

    Chemistry for Sustainable World Challenge Diversity One Team Copyright © 2024 Mitsui Chemicals, Inc.

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