UBE Corporation · TSE:4208
UBE — Q1 FY2021 Earnings Presentation
24 slides from UBE's earnings presentation, Aug 3, 2021
Slide 1: Financial Results for the 1st Quarter FY2021
Financial Results for the 1st Quarter FY2021 Explanatory material August 3, 2021 1st Quarter: April – June
Slide 2: FY2021 1st Quarter Consolidated Result
FY2021 1st Quarter Consolidated Result 2
Slide 3: Scope of Consolidation
1st Quarter of the FY2021 Scope of Consolidation End of FY2021 End of FY2020 Difference Item 1Q Notes (A) (B) （B) - （A) Number of consolidated 66 66 0 subsidiaries Number of equity method 26 27 1 ＋ C Integration Arrangement, Ltd affiliates Total 92 93 1 3
Slide 4: Environmental Factors: Naphtha Material Price
1st Quarter of the FY2021 Environmental Factors FY2020 1Q FY2021 1Q Difference Item (A) (B) (B) - (A) Exchange Rate Yen/$ 107.6 109.5 1.9 CIF $/ｔ 306 601 295 Naphtha Domestic Yen/KL 24,900 47,700 22,800 Material Price Benzene (ACP) $/ｔ 358 933 575 Australian $/ｔ 76.0 130.3 54.3 Coal (CIF) Yen/t 8,17
Slide 5: Major P/L Items
1st Quarter of the FY2021 Major P/L Items (Billions of yen) FY2020 1Q FY2021 1Q Difference Percentage Item (A) (B) (B) - (A) change *1 136.1 146.2 10.1 － Net sales 164.9 28.8 21.2% Operating profit (loss) (0.6) 8.9 9.5 － Ordinary profit (loss) (1.2) 8.9 10.2 － Profit (loss) attributable to (1.3) 4.7
Slide 6: Net Sales and Operating Profit by Segment
1st Quarter of the FY2021 Net Sales and Operating Profit by Segment (Billions of yen) FY2020 1Q FY2021 1Q Difference Percentage Segment (A) (B) (B) - (A) change 52.5 76.7 24.1 － Chemicals *1 78.8 26.2 50.0% 69.1 48.7 (20.4) － Construction Materials 66.1 (3.0) (4.4)% Net sales 16.7 21.4 4.7 － Machine
Slide 7: Analysis - Total
1st Quarter of the FY2021 Analysis - Total (Billions of yen) Net Sales Difference of operating profit +10.1 146.2 Chemicals 24.1 200.0 +28.8 Construction Materials (20.4) Price ※1 2.4 164.9 146.2 136.1 *1 Machinery 4.7 合成ゴム 69.0 Others 0.0 100.0 Volume 5.4 Adjustment 1.6 カプロラクタム (6.0) 0.0 － Fixed Co
Slide 8: Analysis - Chemicals
1st Quarter of the FY2021 Analysis - Chemicals (Billions of yen) Net Sales Difference of operating profit Engineering Plastics & Fine Chemicals 15.5 +24.1 76.7 Synthetic rubber 5.9 Price ※1 3.4 +26.2 78.8 Specialty Products 1.7 合成ゴム 69.0 *1 Pharmaceutical 0.2 etc Volume 5.3 カプロラクタム (6.0) － Fixed Cos
Slide 9: Analysis – Construction Materials
1st Quarter of the FY2021 Analysis – Construction Materials (Billions of yen) Net Sales Difference of operating profit Cement and Ready-mixed concrete (18.0) (20.4) Construction materials and 0.4 (30.0) Price ※1 (1.0) *1 48.7 Limestone related products 66.1 Coal (0.2) 69.0 Power (2.8) Volume 0.0 etc
Slide 10: Analysis - Machinery
1st Quarter of the FY2021 Analysis - Machinery (Billions of yen) Net Sales Difference of operating profit +4.7 +3.8 21.4 Price ※1 0.0 *1 20.5 69.0 Volume 0.1 (6.0) － Fixed Cost 22.8% Increased and Others ※2 0.4 Operating profit (loss) Total 0.4 +0.4 *1: Including both selling and purchase change *2:
Slide 11: Operating Profit – Profit attributable to owners of parent
1st Quarter of the FY2021 Operating Profit – Profit attributable to owners of parent (Billions of yen) FY2020 1Q FY2021 1Q Difference Item (A) (B) (B) - (A) Operating profit (loss) (0.6) 8.9 9.5 Non-operating income (expenses) (0.6) 0.0 0.6 Net interests expenses 0.2 0.3 0.0 Share of profit of entit
Slide 12: Consolidated Balance Sheet
1st Quarter of the FY2021 Consolidated Balance Sheet (Billions of yen) End of FY2020 End of FY2021 1Q Difference Item (A) (B) (B) - (A) Current assets 331.7 328.1 (3.5) Fixed assets 437.8 434.6 (3.1) Total assets 769.7 762.9 (6.7) Interest-bearing debt 214.7 204.3 (10.3) Other liabilities 174.3 183.
Slide 13: Consolidated Statements of Cash Flows
1st Quarter of the FY2021 Consolidated Statements of Cash Flows (Billions of yen) Item FY2020 1Q FY2021 1Q Profit before income taxes 8.8 A.Cash flows from operating activities 18.1 14.3 Depreciation and amortization 9.0 Decrease in working capital (3.9) etc. B.Cash flows from investing activities (
Slide 14: Reference
Reference 14
Slide 15: Analysis of Operating Profit by Segment
Reference: 1st Quarter of the FY2021 Analysis of Operating Profit by Segment （Billions of yen） Operating profit (loss) Segment Fixed cost FY2020 1Q FY2021 1Q Difference Price Volume and others (A) (B) (B) - (A) *1 *2 Chemicals (2.7) 7.6 10.3 3.4 5.3 1.7 Construction Materials 1.9 0.6 (1.2) (1.0) 0.0
Slide 16: Progress of Major P/L Items
Reference: 1st Quarter of the FY2021 Progress of Major P/L Items (Billions of yen) FY2020 Results (A) FY2021 Forecasts (B) Difference (B) - (A) Item 1Q 1Q 1Q Progress Progress 136.1 146.2 Net sales 613.8 570.0 (43.8) 10.1 22.2% 25.7% (0.6) 8.9 Operating profit 25.9 37.0 11.1 9.5 －% 24.1% (1.2) 8.9 O
Slide 17: Net Sales
Reference: 1st Quarter of the FY2021 Net Sales (Billions of yen) FY2021 Full-year Segment Progress (forecast) 1Q 2Q 3Q 4Q Total Chemicals 76.7 － － － 76.7 280.0 27.4% Construction Materials 48.7 － － － 48.7 200.0 24.4% Machinery 21.4 － － － 21.4 95.0 22.6% Others 0.8 － － － 0.8 3.0 27.0% Adjustment (1.4
Slide 18: Operating Profit
Reference: 1st Quarter of the FY2021 Operating Profit (Billions of yen) FY2021 Full-year Segment Progress (forecast) 1Q 2Q 3Q 4Q Total Chemicals 7.6 － － － 7.6 20.5 37.2% Construction Materials 0.6 － － － 0.6 11.5 5.8% Machinery 0.7 － － － 0.7 5.0 14.8% Others 0.0 － － － 0.0 0.5 16.2% Adjustment (0.2) －
Slide 19: 1Q on 4Q - Net Sales
Reference: 1st Quarter of the FY2021 1Q on 4Q - Net Sales （Billions of yen） FY2020 FY2021 Difference Segment 4Q 1Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 3.6 79.6 76.7 (2.9) Synthetic rubber 1.7 Chemicals *1 Specialty Products (2.5) 78.8 (0.7) Pharmaceutical (1.1) etc.
Slide 20: 1Q on 4Q – Operating profit
Reference: 1st Quarter of the FY2021 1Q on 4Q – Operating profit （Billions of yen） FY2020 FY2021 Difference Segment 4Q 1Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 2.0 Synthetic rubber (0.2) Chemicals 6.5 7.6 1.0 Specialty Products (0.8) Pharmaceutical (0.3) etc. Cement a
Slide 21: Consolidated Key Indicators
Reference: 1st Quarter of the FY2021 Consolidated Key Indicators (Billions of yen) FY2021 full-year FY2020 Item FY2020 1Q FY2021 1Q (forecast) full-year Capital investment 10.8 6.7 44.0 37.1 Depreciation and amortization 9.0 9.0 36.0 36.3 Research and development expenses 2.7 2.8 12.5 11.4 Adjusted
Slide 22: Consolidated Major Subsidiaries
Reference: 1st Quarter of the FY2021 Consolidated Major Subsidiaries (Billions of yen) Difference of Net Sales operating Subsidiaries and affiliates Business profit from FY2021 1Q FY2020 1Q Manufacture and sales of nylon, caprolactam, ammonium sulfate and fine UBE Corporation Europe, S.A. Unipersona
Slide 23: IR Calendar
Reference: IR Calendar Announcement of 1st half Business Results Announcement of 1st half Business Results • November 2, 15:00 Telephone Conference for 1st half Business Results • November 2, 18:00 (Note) This schedule is subject to change without notice due to circumstances. 23
Slide 24: Forward-looking statements disclaimer
This presentation material contains forward-looking statements concerning UBE’s 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