UBE Corporation · TSE:4208

UBE — FY2020 Earnings Presentation

35 slides from UBE's earnings presentation, May 12, 2021

  1. Slide 1: FY2020 Consolidated Results, FY2021 Consolidated Forecasts

    FY2020 Consolidated Results FY2021 Consolidated Forecasts Explanatory material May 12, 2021

  2. Slide 2: FY2020 Consolidated Results

    FY2020 Consolidated Results 2

  3. Slide 3: Scope of Consolidation

    FY2020 Consolidated Results Scope of Consolidation End of FY2019 End of FY2020 Difference Item Notes (A) (B) （B) - （A) ＋ Premium Composite Technology North America, Inc. Number of － U-MHI Platech Co., Ltd. consolidated 69 66 (3) － U-MHI PLATECH AMERICA, INC. subsidiaries － AET Electrolyte Technologi

  4. Slide 4: Environmental Factors

    FY2020 Consolidated Results Environmental Factors FY2019 FY2020 Difference Item (A) (B) (B) - (A) Exchange Rate Yen/$ 108.7 106.1 (2.6) 541 396 (145) Naphtha CIF $/ｔ Domestic Yen/KL 42,900 31,200 (11,700) Material Price Benzene (ACP) $/ｔ 666 500 (166) Australian $/ｔ 99.3 82.0 (17.3) Coal (CIF) Yen/t

  5. Slide 5: Major P/L Items

    FY2020 Consolidated Results Major P/L Items (Billions of yen) FY2019 FY2020 Difference Percentage Item (A) (B) (B) - (A) change Net sales 667.8 613.8 (54.0) (8.1)% Operating profit 34.0 25.9 (8.1) (23.9)% Ordinary profit 35.7 23.2 (12.4) (34.8)% Profit attributable to 22.9 22.9 (0.0) (0.2)% owners o

  6. Slide 6: Net Sales and Operating Profit by Segment

    FY2020 Consolidated Results Net Sales and Operating Profit by Segment (Billions of yen) FY2019 FY2020 Difference Percentage Segment (A) (B) (B) - (A) change Chemicals 286.0 259.3 (26.6) (9.3)% Net sales Construction Materials 303.0 282.8 (20.1) (6.7)% Machinery 90.7 78.7 (12.0) (13.3)% Others 4.5 3.

  7. Slide 7: Analysis - Total

    FY2020 Consolidated Results Analysis - Total (Billions of yen) Net Sales Difference of operating profit 800.0 (54.0) 667.8 613.8 Chemicals (26.6) Price ※1 (1.1) Construction Materials (20.1) 合成ゴム 69.0 Machinery (12.0) 400.0 Others (1.4) Volume (10.9) Adjustment 6.3 カプロラクタム (6 0) 0.0 (8.1)% Decreased

  8. Slide 8: Analysis - Chemicals

    FY2020 Consolidated Results Analysis - Chemicals (Billions of yen) Net Sales Difference of operating profit (26.6) Engineering Plastics & Fine Chemicals (17.9) Price ※1 (6.5) Synthetic rubber (9.9) 合成ゴム 69.0 Specialty Products (1.6) Pharmaceutical (1.5) Volume (5.0) etc カプロラクタム (6 0) Fixed Cost (9.3

  9. Slide 9: Analysis - Construction Materials

    FY2020 Consolidated Results Analysis –Construction Materials (Billions of yen) Net Sales Difference of operating profit Cement and Ready-mixed concrete 2.5 (20.1) Construction materials and (8.3) Price ※1 5.2 Limestone related products 69.0 Coal (13.5) Power (1.6) Volume (5.3) etc (6 0) Fixed Cost (

  10. Slide 10: Analysis - Machinery

    FY2020 Consolidated Results Analysis - Machinery (Billions of yen) Net Sales Difference of operating profit (12.0) Price ※1 0.2 69.0 Volume (0.7) (6 0) (13.3)% Decreased Fixed Cost and Others ※2 (1.6) Operating profit Total (2.1) (2.1) *1: Including both selling and purchase change *2: Including mar

  11. Slide 11: Operating Profit – Profit attributable to owners of parent

    FY2020 Consolidated Results Operating Profit – Profit attributable to owners of parent (Billions of yen) FY2019 FY2020 Difference Item (A) (B) (B) - (A) Operating profit 34.0 25.9 (8.1) Non-operating income (expenses) 1.6 (2.6) (4.3) Net interests expenses 0.4 0.0 (0.3) Share of profit of entities a

  12. Slide 12: Consolidated Balance Sheet

    FY2020 Consolidated Results Consolidated Balance Sheet (Billions of yen) End of FY2019 End of FY2020 Difference Item (A) (B) (B) - (A) Current assets 303.9 331.7 27.7 Fixed assets 423.1 437.8 14.6 Total assets 727.2 769.7 42.4 Interest-bearing debt 190.7 214.7 24.0 Other liabilities 182.1 174.3 (7.7

  13. Slide 13: Consolidated Statements of Cash Flows

    FY2020 Consolidated Results Consolidated Statements of Cash Flows (Billions of yen) Item FY2019 FY2020 Profit before income taxes 22.4 Depreciation and amortization 36.3 A.Cash flows from operating activities 68.4 66.0 Increase in working capital 14.7 Income taxes paid (7.5) etc. B.Cash flows from i

  14. Slide 14: FY2021 Consolidated Forecasts

    FY2021 Consolidated Forecasts 14

  15. Slide 15: Scope of Consolidation

    FY2021 Consolidated Forecasts Scope of Consolidation End of FY2020 End of FY2021 Difference Item Notes (A) (B) （B) - （A) ＋ UBE Elastomer Co.Ltd. Number of － UBE Advanced Materials INC. consolidated 66 64 (2) － Advanced Electrolyte Technologies LLC subsidiaries － Ube Realty & Development Co., Ltd. Nu

  16. Slide 16: Environmental Factors

    FY2021 Consolidated Forecasts Environmental Factors FY2020 FY2021 Difference Item (A) (B) (B) - (A) Exchange Rate Yen/$ 106.1 103.0 (3.1) 396 500 104 Naphtha CIF $/ｔ Material Price Domestic Yen/KL 31,200 37,800 6,600 Benzene $/ｔ 500 600 100 (ACP) Australian $/ｔ 82.0 107.8 25.8 Coal (CIF) Yen/t 8,700

  17. Slide 17: Major P/L & B/S Items

    FY2021 Consolidated Forecasts Major P/L & B/S Items (Billions of yen) FY2020 FY2021 Difference Percentage Item change (A) (B) (B) - (A) 613.8 570.0 (43.8) - Net sales *1 650.0 36.2 5.9% Operating profit 25.9 37.0 11.1 42.8% Ordinary profit 23.2 34.5 11.3 48.1% Profit attributable to 22.9 21.0 (1.9)

  18. Slide 18: Net Sales and Operating Profit by Segment

    FY2021 Consolidated Forecasts Net Sales and Operating Profit by Segment (Billions of yen) FY2020 FY2021 Difference Percentage Segment change (A) (B) (B) - (A) 259.3 280.0 20.7 - Chemicals *1 290.0 30.7 11.8% 282.8 200.0 (82.8) - Construction Materials 270.0 (12.8) (4.5)% Net sales 78.7 95.0 16.3 - M

  19. Slide 19: Analysis - Total

    FY2021 Consolidated Forecasts Analysis - Total (Billions of yen) Net Sales Difference of operating profit 800.0 (43.8) +36.2 570.0 613.8 Chemicals 20.7 570.0 650.0 Price ※1 (1.4) *1 Construction Materials (82.8) Machinery 16.3 合成ゴム 69.0 400.0 Others (0.1) Volume 13.2 Adjustment 2.1 カプロラクタム (6 0) 0.0

  20. Slide 20: Analysis - Chemicals

    FY2021 Consolidated Forecasts Analysis -Chemicals (Billions of yen) Net Sales Difference of operating profit +20.7 280.0 Engineering Plastics & Fine Chemicals 13.5 +30.7 290.0 Synthetic rubber 2.4 *1 Specially Products (1.0) Price ※1 3.7 Pharmaceutical 0.3 合成ゴム 69.0 etc Volume 10.7 - カプロラクタム (6 0) 1

  21. Slide 21: Analysis – Construction Materials

    FY2021 Consolidated Forecasts Analysis – Construction Materials (Billions of yen) Net Sales Difference of operating profit (82.8) Cement and Ready-mixed concrete (87.5) （12.8） Construction materials and 4.4 200.0 Limestone related products Price ※1 (4.8) *1 270.0 Coal 2.1 69.0 Power (1.2) etc Volume

  22. Slide 22: Analysis – Machinery

    FY2021 Consolidated Forecasts Analysis – Machinery (Billions of yen) Net Sales Difference of operating profit +16.3 95.0 +16.3 95.0 *1 Price ※1 (0.3) 69.0 Volume 0.7 - (6 0) 20.7% Increased Fixed Cost and Others ※2 1.8 Operating Profit +2.2 Total 2.2 *1: Including both selling and purchase change *2

  23. Slide 23: Operating Profit – Profit attributable to owners of parent

    FY2021 Consolidated Forecasts Operating Profit – Profit attributable to owners of parent (Billions of yen) FY2020 FY2021 Difference Item (A) (B) (B) - (A) Operating profit 25.9 37.0 11.1 Non-operating income (expenses) (2.6) (2.5) 0.1 Ordinaly profit 23.2 34.5 11.3 Extraordinary income (losses) (0.8

  24. Slide 24: Reference

    Reference 24

  25. Slide 25: Analysis of Operating Profit by Segment

    Reference: FY2020 Consolidated Results Analysis of Operating Profit by Segment （Billions of yen） Operating profit Segment Fixed cost FY2019 FY2020 Difference Price Volume and others (A) (B) (B) - (A) *1 *2 Chemicals 14.5 8.1 (6.3) (6.5) (5.0) 5.1 Construction Materials 14.5 14.7 0.1 5.2 (5.3) 0.3 *3

  26. Slide 26: Net Sales

    Reference: FY2020 Consolidated Results Net Sales (Billions of yen) FY2020 Segment 1Q 2Q 3Q 4Q Total Chemicals 52.5 59.7 67.3 79.6 259.3 Construction Materials 69.1 69.9 73.2 70.4 282.8 Machinery 16.7 18.2 19.6 24.1 78.7 Others 0.7 0.7 0.8 0.8 3.1 Adjustment (3.1) (4.7) (2.1) (0.1) (10.1) Total 136.1

  27. Slide 27: Operating Profit

    Reference: FY2020 Consolidated Results Operating Profit (Billions of yen) FY2020 Segment 1Q 2Q 3Q 4Q Total Chemicals (2.7) 0.1 4.1 6.5 8.1 Construction Materials 1.9 3.7 5.3 3.6 14.7 Machinery 0.2 0.0 0.8 1.7 2.8 Others 0.0 0.1 0.1 0.1 0.4 Adjustment (0.1) 0.0 (0.1) (0.1) (0.3) Total (0.6) 4.0 10.4

  28. Slide 28: 4Q on 3Q - Net Sales

    Reference: FY2020 Consolidated Results 4Q on 3Q - Net Sales （Billions of yen） FY2020 FY2020 Difference Segment 3Q 4Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 2.7 Synthetic rubber 2.1 Chemicals 67.3 79.6 12.2 Specialty Products 2.8 Pharmaceutical 0.3 etc. Cement and Ready

  29. Slide 29: 4Q on 3Q - Operating Profit

    Reference: FY2020 Consolidated Results 4Q on 3Q - Operating Profit （Billions of yen） FY2020 FY2020 Difference Segment 3Q 4Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 0.8 Synthetic rubber 1.4 Chemicals 4.1 6.5 2.4 Specialty Products 1.2 Pharmaceutical (0.7) etc. Cement and

  30. Slide 30: Consolidated Key Indicators

    Reference: FY2020 Consolidated Results Consolidated Key Indicators (Billions of yen) FY2021 Item FY2019 FY2020 (forecast) Capital investment 47.6 37.1 44.0 Depreciation and amortization 36.8 36.3 36.0 Research and development expenses 12.8 11.4 12.5 Adjusted operating profit 37.8 28.0 38.0 Interest-

  31. Slide 31: Consolidated Major Subsidiaries

    Reference: FY2020 Consolidated Results Consolidated Major Subsidiaries (Billions of yen) Difference of Net Sales operating Subsidiaries and Affiliates Business profit from FY 2020 FY 2019 Manufacture and sales of nylon, caprolactam, ammonium sulfate and fine UBE Corporation Europe, S.A. Unipersonal

  32. Slide 32: Net Sales and Operating Profit in Half Years by Segment

    Reference: FY2021 Consolidated Forecasts Net Sales and Operating Profit in Half Years by Segment （Billions of yen） Net Sales Operating profit Segment First Second First Second Total Total half half half half Chemicals 130.0 150.0 280.0 7.5 13.0 20.5 Construction Materials 100.0 100.0 200.0 4.5 7.0 1

  33. Slide 33: Major Items for Capital Expenditure

    Reference: FY2021 Consolidated Forecasts Major Items for Capital Expenditure Estimeated Segment Subject Place completion date Construct 5th pharmaceutical plant Ube, Japan FY2021 Chemicals Expand plant of raw material of Ube, Japan FY2023 polyimide (BPDA) Construction Construct high-efficiency clink

  34. Slide 34: IR Calendar

    Reference: IR Calendar Analyst Briefing and Announcement of 1st Quarter Business Results  FY2021 Analyst Briefing （Telephone conference） • May 19, 10:00  Announcement of 1st quarter Business Results • August 3, 15:30  Telephone Conference for 1st Quarter • August 3, 18:30 (Note) This schedule is

  35. Slide 35: Forward-looking statements disclaimer

    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 conditions currently obse

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