UBE Corporation · TSE:4208
UBE — Ube Industries — FY2013 Earnings Presentation
28 slides from UBE's earnings presentation, May 12, 2014
Slide 1: FY2013 Consolidated Results, FY2014 Consolidated Forecasts
1 FY2013 Consolidated Results FY2014 Consolidated Forecasts May 12, 2014
Slide 2: Contents
2 Contents ・ FY2013 Consolidated Results ・ FY2014 Consolidated Forecasts ・ Appendix
Slide 3: FY2013 Consolidated Results
3 FY2013 Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation - FY2013 Consolidated Results - End of FY2012 End of FY2013 Change Item Notes (A) (B) （B) - （A) Number of Newly Included: 1 consolidated 67 65 -2 Newly Excluded: 3 subsidiaries Number of equity method 25 24 -1 Newly Excluded: 1 affiliates Total 92 89 -3
Slide 5: Material Price Environmental Factors
5 Environmental Factors - FY2013 Consolidated Results - （Billion Yen） Impacts on FY2012 FY2013 Change Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 83.1 100.2 17.1 -0.2 (CIF) $/ｔ 965 940 -25 0.6 Naphtha (Domestic) Yen/KL 57,500 67,300 9,800 (-2.9) Material Price Benzene -0.5 (Ave
Slide 6: Major P/L & B/S Items
6 Major P/L ＆ B/S Items - FY2013 Consolidated Results - (Billion Yen) FY2012 FY2013 Change Item (A) (B) (B) - (A) Sales 626.0 650.5 24.4 Operating income 29.9 24.4 -5.5 Ordinary income 28.0 18.6 -9.3 Net income 8.2 12.6 4.3 End of FY2012 End of FY2013 Change Item (A) (B) (B) - (A) Total assets 685.8
Slide 7: Non Operating Items
7 Non Operating Items - FY2013 Consolidated Results - （Billion Yen） FY2012 FY2013 Change Item (A) (B) (B) - (A) Operating income 29.9 24.4 -5.5 Net interest expense -2.6 -2.0 0.5 Equity in earnings of Non operating income unconsolidated subsidiaries 1.2 0.0 -1.2 and affiliated companies Foreign curr
Slide 8: Extraordinary Items
8 Extraordinary Items - FY2013 Consolidated Results - （Billion Yen） FY2012 FY2013 Change Item (A) (B) (B) - (A) Gain on negative goodwill 0.0 2.8 2.7 Loss on disposal of PP&E -8.4 -0.7 7.6 Loss on impairment -3.1 -0.1 3.0 Loss on related business -2.7 0.0 2.6 Loss on stop of equipment - -1.1 -1.1 Ot
Slide 9: Operating Income - Net Income
9 Operating Income - Net Income - FY2013 Consolidated Results - （Billion Yen） FY2012 FY2013 Change Item (A) (B) (B) - (A) Operating income 29.9 24.4 -5.5 Non operating item -1.9 -5.7 -3.8 Ordinary income 28.0 18.6 -9.3 Extraordinary item -12.2 0.9 13.1 Income before income tax and minority interest
Slide 10: Sales by Segment
10 Sales by Segment - FY2013 Consolidated Results - （Billion Yen） FY2012 FY2013 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 9.6 Chemicals & Plastics 219.3 230.5 11.2 Synthetic rubber 1.6 Specialty Chemicals & Specialty products -0.1 Products 61.1 63.1 2.0 Fine chemicals 2.1 Phar
Slide 11: Operating Income by Segment
11 Operating Income by Segment - FY2013 Consolidated Results - （Billion Yen） FY2012 FY2013 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -4.4 Chemicals & Plastics 5.0 0.8 -4.2 Synthetic rubber 0.2 Specialty Chemicals & Specialty products -2.3 Products 1.2 -0.4 -1.6 Fine chemicals
Slide 12: Analysis of Operating Income
12 Analysis of Operating Income - FY2013 Consolidated Results - （Billion Yen） Operating Income Segment Change FY2012 FY2013 Sales Fixed Price Others (A) (B) (B) - (A) *1 Volume Cost *2 Chemicals & Plastics 5.0 0.8 -4.2 -5.9 1.7 2.5 -2.5 Specialty Chemicals & Products 1.2 -0.4 -1.6 -2.5 1.1 0.2 -0.4
Slide 13: Consolidated Balance Sheet
13 Consolidated Balance Sheet - FY2013 Consolidated Results - （Billion Yen） End of FY2012 End of FY2013 Change Item (A) (B) (B) - (A) Current assets 287.3 296.5 9.1 Fixed assets 398.3 404.0 5.6 Total assets 685.8 700.7 14.8 Interest-bearing debts 246.6 245.8 -0.8 Other liabilities 188.4 189.5 1.0 To
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Statements of Cash Flows - FY2013 Consolidated Results - （Billion Yen） Item FY2012 FY2013 Income before tax and minority interests 19.6 Depreciation and amortization 32.4 A.Cash flows from operating activities 46.1 37.0 Working capital -1.9, Payment of Tax and others -7.0, Gain on ne
Slide 15: FY2014 Consolidated Forecasts
15 FY2014 Consolidated Forecasts
Slide 16: Scope of Consolidation - FY2014 Forecasts
16 Scope of Consolidation - FY2014 Consolidated Forecasts - End of End of Change Item FY2013 FY2014 Notes (A) (B) （B) - （A) Number of consolidated 65 66 +1 Newly Included: 1 subsidiaries Number of equity method 24 26 +2 Newly Included: 2 affiliates Total 89 92 +3
Slide 17: Material Price Environmental Factors - FY14 Forecasts
17 Environmental Factors - FY14 Consolidated Forecasts - （Billion Yen) Impacts on FY2013 FY2014 Change Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 100.2 105.0 4.8 0.0 $/ｔ 940 950 10 (CIF) -0.2 Naphtha (Domestic) (-1.4) Yen/KL 67,300 71,300 4,000 Material Price Benzene (Average
Slide 18: Major P/L & B/S Items - FY14 Forecasts
18 Major P/L ＆ B/S Items - FY14 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Item (A) (B) (B) - (A) Sales 650.5 670.0 19.5 Operating income 24.4 30.0 5.6 Ordinary income 18.6 24.0 5.4 Net income 12.6 13.5 0.9 End of FY2013 End of FY2014 Change Item (A) (B) (B) - (A) Total assets 700.7
Slide 19: Operating Income - Net Income - FY14 Forecasts
19 Operating Income - Net Income - FY14 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Item (A) (B) (B) - (A) Operating income 24.4 30.0 5.6 Non operating item -5.7 -6.0 -0.3 Ordinary income 18.6 24.0 5.4 Extraordinary item 0.9 -2.0 -2.9 Income before income tax and minority interest 19
Slide 20: Sales by Segment - FY14 Forecasts
20 Sales by Segment - FY14 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -11.8 Chemicals & Plastics 230.5 227.0 -3.5 Synthetic rubber 8.3 Specialty Chemicals & Specialty products 6.5 63.1 73.0 9.9 Products Fine chemicals 3.4 Pha
Slide 21: Operating Income by Segment - FY14 Forecasts
21 Operating Income by Segment - FY14 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 2.5 Chemicals & Plastics 0.8 4.5 3.7 Synthetic rubber 1.2 Specialty Chemicals & Specialty products 1.0 -0.4 1.0 1.4 Products Fine chemicals 0.4.
Slide 22: Analysis of Operating Income - FY2014 Forecasts
22 Analysis of Operating Income - FY2014 Consolidated Forecasts - （Billion Yen） Operating Income Segment FY2013 FY2014 Change Sales Fixed Price Others (A) (B) (B) - (A) * Volume Cost Chemicals & Plastics 0.8 4.5 3.7 -3.6 3.0 0.6 3.7 Specialty Chemicals & Products -0.4 1.0 1.4 -5.7 7.1 -1.4 1.4 Pharm
Slide 23: Appendix
23 Appendix
Slide 24: Management Indices - FY2014 Consolidated Forecasts
24 Management Indices - FY2014 Consolidated Forecasts - FY2012 FY2013 FY2014 Item Computation Unit (Result) (Result) (Forecast) Net debt Net D/E Ratio Times 0.98 0.89 0.86 /Equity capital Equity capital Equity Ratio % 31.4 34.5 34.7 /Total assets Operating Operating margin Income % 4.8 3.8 4.5 /Sale
Slide 25: R&D Expenses, Capital Investment and Depreciation
25 R&D Expenses, Capital Investment and Depreciation （Billion Yen） Item FY2012 FY2013 FY2014 Research and development expenses 14.0 13.9 15.0 Capital investment 40.9 36.3 47.0 Depreciation and amortization 31.3 32.4 35.0
Slide 26: Major Items for Capital Expenditure
26 Major Items for Capital Expenditure Estimeated Segment Subject Place completion date Upgrade of extrusion machinery for nylon Ube, Japan May 2014 Chemicals & compounds Plastics New plant for synthetic rubber (JV) Malaysia November 2014 Additional facilities for producing nylon 6 Spain March 2015
Slide 27: Major Subsidiaries
27 Major Subsidiaries - FY2013 Consolidated Results - (Billion Yen) Operating Sales income Subsidiaries and Affiliates Business change from FY2013 FY2012 UBE CHEMICALS (ASIA) PUBLIC Manufacture and sales of caprolactam and CO., LTD polyamide resin 45.7 ↓ UBE CHEMICAL EUROPE, S.A. Manufacture and sal
Slide 28: Forward-looking statements disclaimer
28 This presentation material contains forward-looking statements concerning UBEʼs future plans, strategies, and performance. These forward-looking statements are not historical facts; rather, they represent assumptions and beliefs based on economic, financial, and competitive date currently availab