Toyobo Co., Ltd. · TSE:3101

Toyobo — Q3 FY3/21 Earnings Presentation

21 slides from Toyobo's earnings presentation, Feb 9, 2021

  1. Slide 1: Presentation to Investors

    February 9, 2021 Presentation to Investors TOYOBO CO., LTD.

  2. Slide 2: Highlights

    Highlights Q3 FY 3/21 Results - Sales decreased and operating profit increased since the films business performed strongly despite the impact of COVID-19. - Profit decreased significantly as acrylic fiber business recorded impairment loss of ¥7.8 bn. FY 3/21 Forecasts - The films business and reagen

  3. Slide 3: Summary of Results: PL

    Summary of Results: PL (¥bn.) Q3 FY 3/20 Q3 FY 3/21 YOY (cumulative) (cumulative) Amount % Net sales 248.0 243.9 - 4.1 - 1.7% Operating profit 16.0 18.3 + 2.3 + 14.6% (Ratio to sales) 6.4% 7.5% - - Ordinary profit 13.4 12.5 - 1.0 - 7.3% Extraordinary income and losses -5.0 -12.7 - - Profit attributa

  4. Slide 4: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit Raw materials and fuel costs Prices 24.0 Volume Others +5.1 -2.5 Q3 22.0 +2.3 -2.7 FY 3/21 Q3 20.0 FY 3/20 (cumulative) 18.0 (cumulative) +2.3 16.0 (¥bn.) 14.0 - Industrial film 12.0 - VOC emissions treatment equipment - PCR-related products 10.0 16.0 18.3 8.0

  5. Slide 5: Summary of Results: BS

    Summary of Results: BS (B) (A) (¥bn.) Mar. 31, 2019 Mar. 31, 2020 Dec. 31, 2020 (A)-(B) Total assets 461.0 488.9 481.5 - 7.4 Cash and deposits 22.3 25.2 29.6 + 4.3 Inventories 76.8 80.6 78.8 - 1.9 Property, plant and equipment 208.5 231.5 225.7 - 5.8 Net assets 181.2 182.6 180.0 - 2.6 Shareholder's

  6. Slide 6: Summary of Results: Segment

    Summary of Results: Segment (¥bn.) Net sales Operating profit Q3 FY 3/20 Q3 FY 3/21 Q3 FY 3/20 Q3 FY 3/21 YOY (cumulative) (cumulative) (cumulative) (cumulative) Films and Functional 90.4 113.0 10.6 14.3 + 3.7 Materials Mobility 33.0 25.5 - 0.6 - 1.7 - 1.1 Lifestyle and Environmental 95.6 77.3 3.9 3

  7. Slide 7: Films and Functional Materials

    Films and Functional Materials (¥bn.) FY 3/20 FY 3/21 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 59.9 30.5 90.4 73.8 39.2 113.0 + 22.6 +25.0% Operating profit 7.3 3.3 10.6 8.7 5.6 14.3 + 3.7 +34.9% (OPM) 12.2% 10.9% 11.8% 11.8% 14.3% 12.7% ‐ ‐ Packaging film - T

  8. Slide 8: Films and Functional Materials

    Films and Functional Materials Industrial film “COSMOSHINE SRF” - In Q3 cumulative, sales increased by approx. 30%. - Unit 3 started mass production in July 2020. Expecting approx. 1.5-fold increase in production capacity. - Sales expanded mainly for use in large-sized TVs due to superior water resi

  9. Slide 9: Mobility

    Mobility (¥bn.) FY 3/20 FY 3/21 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 22.2 10.8 33.0 15.0 10.5 25.5 - 7.5 - 22.8% Operating profit - 0.4 - 0.2 - 0.6 - 1.3 - 0.4 - 1.7 - 1.1 ‐ (OPM) - - - - - - ‐ ‐ - Sales were on a recovery trend due to the recovery of auto

  10. Slide 10: Misconduct concerning quality

    Misconduct concerning quality Overview: engineering plastics business (i) Rescission of UL’s certification for “PLANAC”, PBT resin (as of Oct. 28, 2020) - At the time of verification testing for certified products, samples were submitted that had a different chemical composition from the product act

  11. Slide 11: Lifestyle and Environmental

    Lifestyle and Environmental (¥bn.) Fy 3/20 FY 3/21 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 63.8 31.7 95.6 50.2 27.1 77.3 - 18.3 - 19.1% Operating profit 2.4 1.5 3.9 1.8 1.2 3.0 - 0.9 - 22.4% (OPM) 3.8% 4.6% 4.1% 3.5% 4.6% 3.9% ‐ ‐ Environmental solutions - Sa

  12. Slide 12: Life Science

    Life Science (¥bn.) FY 3/20 FY 3/21 Q3 cumulative YOY Q3 Q3 H1 Q3 H1 Q3 Amount % (cumulative) (cumulative) Net sales 12.5 6.4 18.9 12.4 6.9 19.2 + 0.3 + 1.6% Operating profit 2.0 0.7 2.7 1.6 1.6 3.2 + 0.4 + 16.6% (OPM) 16.1% 10.9% 14.3% 12.9% 22.7% 16.4% ‐ ‐ Biotechnology - Demand for raw materials

  13. Slide 13: Forecasts for FY 3/21

    Forecasts for FY 3/21 The films business and reagents for PCR testing are performing strongly, and operating profit for the full year was revised to ¥23.0 bn. (net profit was revised to ¥0.0 bn.) (¥bn.) FY 3/20 FY 3/21 YOY Previous Q3 full year forecasts result (cumulative) forecasts Amount % (Nov.

  14. Slide 14: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit Raw materials 35.0 and fuel costs Prices +5.8 -3.9 Volume Others 30.0 +1.8 -3.5 FY 3/21 25.0 FY 3/20 +0.2 (¥bn.) 20.0 - Industrial film 15.0 - PCR-related products 22.8 - Textiles 10.0 23.0 - Depreciation - Cost to launch new unit of films 5.0 0.0 FY 3/20 FY 3

  15. Slide 15: Forecasts by Segment

    Forecasts by Segment (¥bn.) Net sales Operating profit Previous FY 3/20 FY 3/21 FY 3/20 FY 3/21 forecasts YOY result forecasts result forecasts (Nov. 2020) Films and 127.1 153.0 14.6 19.0 + 4.4 15.8 Functional Materials Mobility 43.9 37.0 - 0.7 - 2.2 - 1.5 - 1.9 Lifestyle and Environmental 128.4 107

  16. Slide 16: Appendix

    Appendix

  17. Slide 17: Business performance

    Business performance (¥bn.) FY 3/20 FY 3/21 Net sales Q1 Q2 Q3 Q3 full year Q1 Q2 Q3 Q3 (cumulative) (cumulative) Films and Funcitonal Materials 29.5 30.4 30.5 90.4 127.1 36.3 37.5 39.2 113.0 Mobility 11.7 10.5 10.8 33.0 43.9 6.8 8.2 10.5 25.5 Lifestyle and Environmental 30.7 33.1 31.7 95.6 128.4 22

  18. Slide 18: Materiality

    Materiality Continuing to be a Group that “creates the solutions needed by people and the earth” Innovation based on responsibility for the future: Realizing clean technology, high QOL, and future mobility Management base (Basic preconditions to materiality) Safety, Disaster prevention, Respect for

  19. Slide 19: Implementation of Materiality

    Implementation of Materiality Renewal of the sustainability website - Renewed in Dec. 2020 with the aim of communicating the process and results of activities more clearly. - Expanded ESG information significantly. - https://www.toyobo-global.com/sustainability/ Formulation of KPI and targets for ma

  20. Slide 20: 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

  21. Slide 21: All Rights Reserved

    All Rights Reserved

Toyobo — Q3 FY3/21 Earnings Presentation on 6ix