Toyobo Co., Ltd. · TSE:3101

Toyobo — H1 FY3/20 Earnings Presentation

25 slides from Toyobo's earnings presentation, Nov 7, 2019

  1. Slide 1: Presentation to Investors

    November 7, 2019 Presentation to Investors Toyobo Co., Ltd.

  2. Slide 2: Agenda

    Agenda Ⅰ．Results for H1 of FY 3/20 Ⅱ．Forecasts for FY 3/20 Ⅲ．Progress of 2018 Medium-Term Management Plan

  3. Slide 3: Results for H1 of FY 3/20

    Ⅰ．Results for H1 of FY 3/20

  4. Slide 4: Highlights

    Ⅰ．Results for H1 of FY 3/20 Highlights H1 FY 3/20 ◆ Operating profit of ¥11.1 bn. (up 4.8%), profit of ¥2.7 bn. (down 32.0 %) ◆ Sales of growth drivers “COSMOSHINE SRF” and mold releasing film for MLCC “COSMOPEEL” were strong. ◆ Airbag fabrics were affected by yarn procurement due to the fire accide

  5. Slide 5: Results for H1 FY 3/20 PL・CF

    Ⅰ．Results for H1 of FY 3/20 Results for H1 FY 3/20 PL・CF (¥ bn.) FY 3/19 FY 3/20 YOY H1 H2 H1 Amount % Net sales 164.7 172.0 164.9 + 0.2 + 0.1% Operating profit 10.6 11.1 11.1 + 0.5 + 4.8% (Ratio to sales) 6.4% 6.5% 6.7% - - Ordinary profit 8.7 9.0 9.0 + 0.2 + 2.5% Extraordinary income 0.6 0.9 0.0 -

  6. Slide 6: Analysis of Changes in Operating Profit

    Ⅰ．Results for H1 of FY 3/20 Analysis of Changes in Operating Profit raw material foreign and fuel costs prices volume exchange others 14.0 + 0.6 ± 0.0 + 1.7 ± 0.0 - 1.7 + 0.5 12.0 10.0 Fire accident (¥ bn.) (Airbag, BREATHAIR), 8.0 R&D Nylon, 6.0 10.6 Polyester 11.1 SRF, COSMOPEEL, 4.0 High performa

  7. Slide 7: Results for H1 FY 3/20 BS

    Ⅰ．Results for H1 of FY 3/20 Results for H1 FY 3/20 BS (¥ bn.) Mar. 31, Mar. 31, Sep. 30, Change 2018 2019 2019 19/3 ⇒ 19/9 Total assets 445.5 461.0 474.9 + 13.9 Cash and deposits 26.0 22.3 33.5 + 11.2 Non current assets 258.9 267.9 272.5 + 4.6 Net assets 184.5 181.2 177.4 - 3.9 Shareholder's equity

  8. Slide 8: Results by Segment

    Ⅰ．Results for H1 of FY 3/20 Results by Segment (¥ bn.) Net sales Operating profit (loss) FY 3/19 FY 3/20 FY 3/19 FY 3/20 YOY H1 H2 H1 H1 H2 H1 (Amount) Films & 77.7 78.6 76.4 6.9 6.8 8.2 + 1.3 Functional Polymers Industrial Materials 32.7 33.9 33.0 1.9 0.7 0.5 - 1.4 Healthcare 15.9 18.8 19.0 1.9 3.2

  9. Slide 9: Films & Functional Polymers

    Ⅰ．Results for H1 of FY 3/20 Films & Functional Polymers Packaging film Q1 Q2 ・Although environment-related Net sales Operating profit products performed favorably, (%) unfavorable weather conditions 77.7 8.2 made an impact. 76.4 (10.7%) （¥bn.） 6.9 Industrial film (8.9%) 38.9 38.3 ・Sales of “COSMOSHI

  10. Slide 10: Industrial Materials

    Ⅰ．Results for H1 of FY 3/20 Industrial Materials Q1 Q2 Airbag fabrics Net sales Operating profit ・Affected by the fire accident and (%) a decrease in demand. 1.9 32.7 33.0 (5.8%) （¥bn.） Life and industrial materials 1.0 ・Sales of “BREATHAIR” decreased 16.6 17.0 in the aftermath of the fire accident.

  11. Slide 11: Healthcare

    Ⅰ．Results for H1 of FY 3/20 Healthcare Q1 Q2 Bio-related products Net sales Operating profit ・Enzymes for diagnostic regents (%) achieved growth to overseas 19.0 2.8 market. (14.9%) （¥bn.） 15.9 Functional membranes 9.7 1.9 1.6 ・Performed favorably as reverse (12.2%) osmosis membrane elements were 8.

  12. Slide 12: Textiles and Trading

    Ⅰ．Results for H1 of FY 3/20 Textiles and Trading Q1 Q2 TOYOBO STC (Textile) Net sales Operating profit ・Sales of thobe cloth in the Middle (%) East expanded as a result of 31.7 market recovery. （¥bn.） 30.1 ・Sales of materials for uniforms grew steadily for business uniforms. 16.9 15.6 0.1 Acrylic fi

  13. Slide 13: Forecasts for FY 3/20

    II. Forecasts for FY 3/20

  14. Slide 14: Forecasts for FY 3/20

    Ⅱ．Forecasts for FY 3/20 Forecasts for FY 3/20 (¥bn.) FY 3/19 FY 3/20 YOY Previous full year forecasts result H1 H2 Amount % (Aug. 2019) forecasts Net sales 336.7 164.9 185.1 350.0 + 13.3 + 4.0% 350.0 Operating profit 21.7 11.1 10.9 22.0 + 0.3 + 1.3% 22.0 (Ratio to sales) 6.5% 6.7% 5.9% 6.3% - - 6.8%

  15. Slide 15: Analysis in Changes in Operating Profit

    Ⅱ．Forecasts for FY 3/20 Analysis in Changes in Operating Profit raw material and foreign fuel costs prices volume exchange others 28.0 + 2.0 - 0.2 + 2.1 - 0.1 - 3.5 + 0.3 24.0 20.0 SRF, COSMOPEEL, （¥bn.） VOC emission treatment 16.0 equipment, etc. Nylon, Olefin, 12.0 Polyester Fire accident, 21.7 Pr

  16. Slide 16: Forecasts by Segment

    Ⅱ．Forecasts for FY 3/20 Forecasts by Segment (¥bn.) Net sales Operating profit (loss) Previous FY 3/19 FY 3/20 FY 3/19 FY 3/20 forecasts YOY (Aug. 2019) result forecasts result forecasts Films & 156.2 166.0 13.7 15.4 + 1.7 14.8 Functional Polymers Industrial Materials 66.5 65.0 2.6 1.2 - 1.4 2.4 Hea

  17. Slide 17: Progress of 2018 Medium-Term Management Plan

    Ⅲ．Progress of 2018 Medium-Term Management Plan

  18. Slide 18: Numerical Targets

    Ⅲ．Progress of 2018 Medium-Term Management Plan Numerical Targets Try again to achieve Continuous reform of operating profit of ¥30.0 bn. business portfolio Films & Functional Polymers Industrial Materials Healthcare Textiles and Trading Real estate and Others Elimination & Corporate 35.0 (¥ bn.) Ope

  19. Slide 19: Films & Coatings

    Ⅲ．Progress of 2018 Medium-Term Management Plan Films & Coatings “COSMOSHINE SRF” ・In H1, sales increased by approx. 20%. Sales expanded for use in LCD TVs. ・In FY 3/21, Unit 3 is scheduled to start mass production. Expecting approx. 1.5-fold increase in production capacity. ・Aim for 40% share in FY

  20. Slide 20: Acquisition of Teijin polymer film subsidiaries

    Ⅲ．Progress of 2018 Medium-Term Management Plan Films & Coatings Acquisition of subsidiaries of TEIJIN LIMITED that operate polymer film businesses ■ Outlines ・The firms being acquired (FY 12/18) Net sales Operating profit Net assets Teijin Film Solutions Limited ¥26.1 bn. ¥1.38 bn. ¥8.4 bn. P.T. Ind

  21. Slide 21: Mobility, Healthcare & Wellness

    Ⅲ．Progress of 2018 Medium-Term Management Plan Mobility, Healthcare & Wellness ■Mobility Airbag fabrics ・Sales of airbag fabrics continued with replacement yarns. ・Reconstruction of new yarn plants is scheduled for FY 3/21. Engineering plastics ・Overseas sales ratio reached 50%. Currently expanding

  22. Slide 22: Environment

    Ⅲ．Progress of 2018 Medium-Term Management Plan Environment Toyobo joins European consortium CEFLEX Aim for : Flexible packaging to have a comprehensive sustainability and circular economy roadmap by 2020. Established collection, sorting and reprocessing infrastructure by the end of 2025. “CYCLE CLEA

  23. Slide 23: Creation of value that contributes to society

    Ⅲ．Progress of 2018 Medium-Term Management Plan Creation of value that contributes to society 「Jun-ri soku-yu」 SDGs 「順理則裕」 Mobility ●Airbag fabrics ●Engineering plastics ●“HARDLEN” Films＆ Healthcare＆ Coatings Wellness ●Enzymes for ●“COSMOSINE SRF” ●“COSMOPEEL” Overseas diagnostic reagents ●“Nerbridge

  24. Slide 24: Please Note

    Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac

  25. Slide 25: All Rights Reserved

    Ideas & Chemistry All Rights Reserved

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