Lg Chem Ltd. · KRX:051910
Lg Chem — Q2 2009 Earnings Presentation
14 slides from Lg Chem's earnings presentation, Jul 16, 2009
Slide 1: 2Q 2009 Business Results & Outlook
2Q 2009 Business Results & Outlook 2009. 7. 16
Slide 2: Audit review and forward-looking statements notice
The business results for the 2nd quarter of 2009 currently under audit review are presented here for investors’ convenience. Hence, please be advised that some of their contents may be altered in the course of audit. Forecasts and projections contained in this material are based on current business
Slide 3: Table of Contents
Table of Contents Quarterly Business Results 1 2Q 2009 Business Results 3 Divisional Results & Outlook 5 Appendix 7
Slide 4: Quarterly Business Results
Quarterly Business Results Consolidated Non-consolidated (Unit:KRW bn) (Unit:KRW bn) 3.92tn 3.75tn 3.40tn 3.40tn 3.24tn 2.93tn 660 563 484 487 445 417 '08.2Q '09.1Q '09.2Q '08.2Q '09.1Q '09.2Q Sales Sales OP O P Sales Sales OP O P 1 / 11
Slide 5: Operating Profit Trend (Non-consolidated)
Operating Profit Trend (Non-consolidated) (Unit:KRW bn) 600 563 500 445 412 417 400 315 300 340 223 202 234 200 178 217 147 100 82 18 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2006 2007 2008 2009 2 / 11
Slide 6: 2Q 2009 Business Results Income Statements
2Q 2009 Business Results Income Statements Consolidated Non-Consolidated (Unit : KRW bn) ’08.2Q ’09.1Q ’09.2Q YoY ’08.2Q ’09.1Q ’09.2Q YoY Sales 3,749 3,400 3,921 4.6% 3,239 2,932 3,402 5.0% Operating Profit 484 487 660 445 417 563 36.4% 26.6% (%) (12.9) (14.3) (16.8) (13.7) (14.2) (16.6) Pre-tax In
Slide 7: 2Q 2009 Business Results Balance Sheets
2Q 2009 Business Results Balance Sheets Consolidated Non-Consolidated (Unit : KRW bn) ’08 ’09.4.1 ’09.2Q ’08 ’09.4.1 ’09.2Q Assets 9,736 9,110 9,326 8,036 7,502 7,678 (Cash and equivalents) 514 905 839 373 755 640 Liabilities 4,683 4,611 4,373 3,147 3,172 2,899 (Borrowings) 2,743 2,565 2,237 1,350 1
Slide 8: Divisional Results & Outlook: Petrochemicals
Divisional Results & Outlook Petrochemicals(Consolidated) Business results Analysis (Unit:KRW bn) • Analysis 3,131 ▣ Strong demand across the products thanks to China’s 2,884 aggressive economic stimulus packages ABS/EP - ‘China’s home appliances subsidy program’ boosted 31% 2,587 ABS demand and pro
Slide 9: Divisional Results & Outlook: I & E Materials
Divisional Results & Outlook I & E Materials(Consolidated) Business results Analysis (Unit:KRW bn) • Analysis 1,015 ▣ Electronics & opticals - LCD polarizer sales went up due to ‘home appliances subsidy program’ in China and HD broadcasting in US 30% - Continuous performance improvement in photo- Ba
Slide 10: Sales & Operating Profit (Consolidated)
Appendix Sales & Operating Profit(Consolidated) (Unit: KRW bn) 2008 2009 LGC 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 3,494 3,749 3,980 3,332 14,555 3,400 3,921 7,321 Operating Profit 362 484 416 59 1,321 487 660 1,148 Petrochemicals 2,835 3,131 3,380 2,470 11,816 2,587 2,884 5,471 NCC/PO 884 977 1
Slide 11: Sales & Operating Profit (Non-Consolidated)
Appendix Sales & Operating Profit(Non-Consolidated) (Unit: KRW bn) 2008 2009 LGC 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Sales 2,994 3,239 3,597 2,816 12,645 2,932 3,402 6,334 Operating Profit 340 445 412 147 1,344 417 563 980 Petrochemicals 2,397 2,607 2,961 2,075 10,039 2,152 2,388 4,540 NCC/PO 884 98
Slide 12: Borrowings & Cash Flow (Non-consolidated)
Appendix Borrowings & Cash Flow(Non-consolidated) Borrowings Cash Flow (Unit : KRW bn) (Unit : KRW bn) Balance ’08 ’09.2Q ’09 Plan Beginning 466 373 ’08 ’09.4.1 ’09.2Q Operating/Investing 246 753 1,350 1,327 1,095 914 Total Net Income 1,003 756 (100%) (100%) (100%) (100%) Depreciation 402 190 KRW 92
Slide 13: Capex Plan & Results (Non-consolidated)
Appendix Capex Plan & Results(Non-consolidated) (Unit : KRW bn) ’07 ’08 ’09 Plan ’09.2Q New/Expansion 142 217 104 72 Maintenance 68 85 136 48 Petrochemicals Equity Investment 16 23 3 Total 227 302 263 123 New/Expansion 42 194 347 183 I&E Maintenance 36 51 91 29 Materials Equity Investment 12 21 28 1
Slide 14: Price Trends
Appendix Price Trends (Unit:U$/MT) (Unit:U$/MT) 1,858 1,800 1,720 1,600 1718 2,109 1,496 1,681 1,632 1,961 1,364 1,462 2,032 1,284 1,305 1,377 1,477 1,688 1,733 1,700 1,973 1,322 1381 1,638 1198 1,584 1,307 1,756 1,624 1,417 1,027 1,635 1,377 1,151 1,206 1,203 1,036 1016 1,164 1,569 1,633 945 1,050