Slide 1: FY2017 3Q Results
FY2017 3Q Results February 8, 2018
Slide 2: FY2017 3Q Highlights
1 FY2017 3Q Highlights (in billions of yen) FY2016 FY2017 Change FY2017 3Q vs. FY2016 3Q 3Q 3Q (%) • Revenue increased on volume Revenue 93.4 110.2 16.8 growth across all segments, (18.0%) particularly in Advanced Materials • Higher operating profit driven by Operating profit 9.3 12.5 3.2 Advanced M
Slide 3: FY2017 3Q Highlights: Segment Variance
2 FY2017 3Q Highlights Segment Variance: FY2017 3Q vs. FY2016 3Q (billions of yen) Revenue Operating 6.0 35.1 Profit …FY16 3Q …FY16 3Q 30.8 32.1 …FY17 3Q …FY17 3Q 4.2 22.0 19.6 3.1 18.1 12.3 11.9 12.4 1.9 1.8 9.2 1.4 1.1 0.7 0.6 0.6 Advanced Specialty Specialty Other Advanced Specialty Specialty Oth
Slide 4: FY2017 3Q Highlights
3 FY2017 3Q Highlights (billions of yen) FY2016 3Q Advanced Specialty Specialty Con- Other Segment Adjustment Total Materials Chemicals Plastics struction Operations Total Revenue 22.0 18.1 32.1 9.2 11.9 93.4 ------ 93.4 Elimination 0.0 ------ Other income *Includes ¥1bn subsidy income 1.2 ------ Ot
Slide 5: Segment Performance: Advanced Materials
4 Segment Performance: Advanced Materials (billions of yen) FY2016 FY2017 Change FY2017 3Q vs. FY2016 3Q 3Q 3Q % Revenue Operating Profit Advanced Materials Advanced plastics 13.9 17.9 29% • Advanced plastics revenue and profit Carbon products 3.2 3.7 17% increased on higher volumes for PVDF (LiB bi
Slide 6: Segment Performance: Specialty Chemicals
5 Segment Performance: Specialty Chemicals (billions of yen) FY2016 FY2017 Change FY2017 3Q vs. FY2016 3Q 3Q 3Q % Revenue Operating Profit Specialty Chemicals Agrochemicals 4.5 6.6 48% • Agrochemicals revenue and profit Pharmaceuticals 4.5 3.4 -26% increased on higher fungicide volumes Industrial ch
Slide 7: Segment Performance: Specialty Plastics
6 Segment Performance: Specialty Plastics (billions of yen) FY2016 FY2017 Change FY2017 3Q vs. FY2016 3Q 3Q 3Q % Revenue Operating Profit Specialty Plastics Home products 15.6 16.7 7% • Home products continued to improve Packaging materials 5.5 4.9 -11% on steady sales growth of NEW Revenue: Kureha
Slide 8: Segment Performance: Construction & Other Operations
7 Segment Performance: Construction & Other Operations (billions of yen) FY2016 FY2017 Change FY2017 3Q vs. FY2016 3Q 3Q 3Q % Construction Revenue Operating Profit Construction 14.3 17.2 20% • Construction segment profit decreased Elimination -5.1 -4.9 -- despite revenue growth, due to weak engineer
Slide 9: Balance Sheet
8 Balance Sheet (billions of yen) Assets Liabilities and Equity Mar. 31 Dec. 31 Mar. 31 Dec. 31 Change Change 2017 2017 2017 2017 Cash and cash equivalents 6.2 6.2 -0.1 Trade and other payables 20.4 21.3 0.9 Trade and other receivables 29.4 33.5 4.1 Interest-bearing debt 71.0 50.8 -20.2 * Inventorie
Slide 10: FY2017 Full-Year Forecast (Revised)
9 FY2017 Full-Year Forecast (Revised) Kureha’s FY2017 full-year forecast has been most recently revised on February 8, 2018. The previous forecast, which was announced in November 2017, is indicated in blue below. (billions of yen, except per-share values) FY2016 FY2017e Change (%) FY2017e vs. FY201
Slide 11: FY2017 Full-Year Forecast (Revised)
10 FY2017 Full-Year Forecast (Revised) Segment Variance: FY2017 projection (revised Feb. 2018) vs. FY2016 (billions of yen) Revenue Operating 45.0 Profit 6.3 40.5 42.8 …FY16 5.0 …FY16 33.4 …FY17e Revised …FY17e Revised 25.9 27.0 3.2 16.0 16.3 16.5 2.5 13.9 1.6 1.7 1.7 1.0 0.7 0.1 Advanced Specialty
Slide 12: FY2017 Full-Year Forecast (Revised)
11 FY2017 Full-Year Forecast (Revised) (billions of yen) FY2016 Advanced Specialty Specialty Con- Other Segment Adjustment Total Materials Chemicals Plastics struction Operations Total Revenue 33.4 25.9 42.8 13.9 16.3 132.3 ------ 132.3 Elimination 0.1 ------ Other income *Includes ¥1bn subsidy inco
Slide 13: FY2017 Full-Year Forecast (Current vs. Previous Projection)
12 FY2017 Full-Year Forecast (Current vs. Previous Projection) Segment Variance: FY2017 Projection, Current (Feb. 2018) vs. Previous (Nov. 2017) (billions of yen) Revenue …FY17 Previous Projection Operating …FY17 Previous Projection …FY17 Current Projection …FY17 Current Projection Profit 45.0 45.0
Slide 14: FY2017 Full-Year Forecast (Current vs. Previous Projection)
13 FY2017 Full-Year Forecast (Current vs. Previous Projection) (billions of yen) FY2017e Previous Advanced Specialty Specialty Con- Other Segment Adjustment Total (Nov. 2017) Materials Chemicals Plastics struction Operations Total Revenue 41.5 27.0 45.0 15.0 16.5 145.0 ------ 145.0 Elimination 0.0 -
Slide 15: Disclaimer
Disclaimer • These materials are supplied to provide a deeper understanding of our company, and are not intended to as a solicitation for investment or other actions. • These materials have been prepared by our company based on the information available at this point in time. However, actual perform