UBE Corporation · TSE:4208
UBE — Ube Industries — Q2 2014 Earnings Presentation
27 slides from UBE's earnings presentation, Oct 31, 2014
Slide 1: Financial Results for the 2nd Quarter FY 2014
1 Financial Results for the 2nd Quarter FY 2014 October 31, 2014
Slide 2: Contents
2 Contents ・ FY2014 2nd Quarter Consolidated Results ・ FY2014 Consolidated Forecasts ・ Appendix ※This"2nd Quarter(2Q)" date states information for 6 month total.
Slide 3: FY2014 2nd Quarter Consolidated Results
3 FY2014 2nd Quarter Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation - Financial Results for the 2nd Quarter FY2014 - End of FY2013 End of FY2014 2Q Change Item Notes (A) (B) （B) - （A) Number of UBE Machinery consolidated 65 66 1 Thai subsidiaries Number of equity method 24 25 1 US Power affiliates Total 89 91 2
Slide 5: Material Price Environmental Factors
5 Environmental Factors - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） Impacts on FY2013 2Q FY2014 2Q Change Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 98.9 103.0 4.1 0.0 (CIF) $/ｔ 916 962 46 -0.5 Naphtha (Domestic) Yen/KL 64,700 70,900 6,200 (-0.9) Material Pr
Slide 6: Major P/L & B/S Items
6 Major P/L ＆ B/S Items - Financial Results for the 2nd Quarter FY2014 - (Billion Yen) FY2013 2Q FY2014 2Q Change Item (A) (B) (B) - (A) Sales 310.8 307.7 -3.0 Operating income 9.0 6.2 -2.8 Ordinary income 6.7 4.8 -1.8 Net income 6.6 0.0 -6.6 End of FY2013 End of FY2014 2Q Change Item (A) (B) (B) -
Slide 7: Sales by Segment
7 Sales by Segment - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） FY2013 2Q FY2014 2Q Change Segment Major Factors (A) (B) (B) - (A) Chemicals & Plastics 109.7 102.2 -7.5 Caprolactam chain △7.4 etc Specialty Chemicals & Specialty products △1.7 Products 32.0 30.7 -1.2 Fine chemicals 0
Slide 8: Operating Income by Segment
8 Operating Income by Segment - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） FY2013 2Q FY2014 2Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 0.5 Chemicals & Plastics -2.0 -2.2 -0.1 Synthetic rubber -0.6 Specialty Chemicals & Specialty products -1.4 Products 0.4 -
Slide 9: Analysis of Operating Income
9 Analysis of Operating Income - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） Operating Income Segment FY2013 2Q FY2014 2Q Change Sales Fixed Price Others (A) (B) (B) - (A) *1 Volume Cost *2 Chemicals & Plastics -2.0 -2.2 -0.1 -3.1 0.3 0.7 2.0 Specialty Chemicals & 0.4 -1.1 -1.6 -2.0
Slide 10: Non Operating Items
10 Non Operating Items - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） FY2013 2Q FY2014 2Q Change Item (A) (B) (B) - (A) Operating income 9.0 6.2 -2.8 Net interest expense -1.0 -0.5 0.4 Equity in earnings of Non operating income unconsolidated subsidiaries 0.3 0.1 -0.1 and affiliated
Slide 11: Extraordinary Items
11 Extraordinary Items - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） FY2013 2Q FY2014 2Q Change Item (A) (B) (B) - (A) Gain on negative goodwill 2.8 - -2.8 Loss on disposal of PP&E -0.4 -1.1 -0.7 Loss on impairment -0.0 (※) -0.6 -0.5 Loss on business of subsidiaries and affiliates -
Slide 12: Operating Income - Net Income
12 Operating Income - Net Income - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） FY2013 2Q FY2014 2Q Change Item (A) (B) (B) - (A) Operating income 9.0 6.2 -2.8 Non operating item -2.3 -1.3 1.0 Ordinary income 6.7 4.8 -1.8 Extraordinary item 1.7 -5.4 -7.1 Income before income tax and
Slide 13: Consolidated Balance Sheet
13 Consolidated Balance Sheet - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） End of FY2013 End of FY2014 2Q Change Item (A) (B) (B) - (A) Current assets 296.5 297.1 0.5 Fixed assets 404.0 411.7 7.6 Total assets 700.7 709.0 8.3 Interest-bearing debts 245.8 255.0 9.2 Other liabilities
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Statements of Cash Flows - Financial Results for the 2nd Quarter FY2014 - （Billion Yen） Item FY2013 2Q FY2014 2Q Losses before income tax and minority interests - 0.5 A.Cash flows from operating activities 15.8 19.7 Depreciation and amortization 16.2 Working capital 5.2, etc. B.Cash
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 First half： consolidated 65 66 1 UBE Machinery Thai subsidiaries First half： Number of US Power equity method 24 26 2 Second half： LOTTE UBE Synthetic affiliates Rubb
Slide 17: Material Price Environmental Factors - FY2014 Forecasts
17 Environmental Factors - FY2014 Consolidated Forecasts - （Billion Yen) Impacts on FY2013 FY2014 Change Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 100.2 104.0 3.8 0.0 [105.0] 940 956 16 (CIF) $/ｔ [950] -0.3 Naphtha (Domestic) 67,300 71,100 3,800 (-1.2) Yen/KL [71,300] Materia
Slide 18: Major P/L & B/S Items - FY2014 Forecasts
18 Major P/L ＆ B/S Items - FY2014 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Item (A) (B) (B) - (A) Sales 650.5 660.0 9.5 Operating income 24.4 26.0 1.6 Ordinary income 18.6 22.0 3.4 Net income 12.6 12.5 -0.1 End of FY2013 End of FY2014 Change Item (A) (B) (B) - (A) Total assets 700
Slide 19: Sales by Segment - FY2014 Forecasts
19 Sales by Segment - FY2014 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -11.1 Chemicals & Plastics 230.5 225.0 -5.5 Synthetic rubber 5.5 Specialty Chemicals & Specialty products 1.2 63.1 66.5 3.4 Products Fine chemicals 2.2 P
Slide 20: Operating Income by Segment - FY2014 Forecasts
20 Operating Income by Segment - FY2014 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 0.8 Chemicals & Plastics 0.8 2.5 1.7 Synthetic rubber 0.9 Specialty Chemicals & Specialty products -1.2 -0.4 -1.0 -0.6 Products Fine chemicals
Slide 21: Operating Income - Net Income - FY2014 Forecasts
21 Operating Income - Net Income - FY2014 Consolidated Forecasts - （Billion Yen） FY2013 FY2014 Change Item (A) (B) (B) - (A) Operating income 24.4 26.0 1.6 Non operating item -5.7 -4.0 1.7 Ordinary income 18.6 22.0 3.4 Extraordinary item 0.9 -3.5 -4.4 Income before income tax and minority interest 1
Slide 22: Appendix
22 Appendix
Slide 23: Reference: FY2014 Forecasts Net Sales by Segment
23 【Reference】 FY2014 Consolidated Forecasts -Net Sales (comparisons for forecasts at the beginning of period,by segment)- （Billion Yen） Beginning Revised Change forecasts (A) forecasts (B) Segment Major Factors May 12, 2013 Oct 16, 2014 (B) - (A) Publication Publication Caprolactam chain 0.7 Chemic
Slide 24: Reference: FY2014 Forecasts Operating Income by Segment
24 【Reference】 FY2014 Consolidated Forecasts -Operating Income (comparisons for forecasts at the beginning of period,by segment)- （Billion Yen） Beginning Revised Change forecasts (A) forecasts (B) Segment Major Factors May 12, 2013 Oct 16, 2014 (B) - (A) Publication Publication Caprolactam chain -1.
Slide 25: Major Subsidiaries
25 Major Subsidiaries - Financial Results for the 2nd Quarter FY2014 - (Billion Yen) Operating Sales income Subsidiaries and Affiliates Business change from FY2014 2Q FY2013 2Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD Manufacture and sales of caprolactam and polyamide resin 20.3 ↓ Manufacture and sales
Slide 26: Reference: Major data
26 【Reference】 Major data - Financial Results for the 2nd Quarter FY2014 - (Billion Yen) FS2014 full-year Item FS2013 2Q FS2014 2Q FS2013 full-year Forecast capital investment 12.5 20.0 47.0 36.3 Depreciation andamortization 15.8 16.2 34.5 32.4 R&D expense 6.9 7.0 15.0 13.9 Adjusted operating profit
Slide 27: Forward-looking statements disclaimer
27 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