Ube Corporation · TSE:4208
Ube — Ube Industries — Q3 FY2016 Earnings Presentation
28 slides from Ube's earnings presentation, Feb 1, 2017
Slide 1: Financial Results for the 3rd Quarter FY 2016
1 Financial Results for the 3rd Quarter FY 2016 February 1, 2017
Slide 2: Contents
2 Contents ・ FY2016 3rd Quarter Consolidated Results ・ FY2016 Consolidated Forecasts ・ Appendix ※This"3rd Quarter(3Q)" date states information for 9 month total.
Slide 3: FY2016 3rd Quarter Consolidated Results
3 FY2016 3rd Quarter Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation - Financial Results for the 3rd Quarter FY2016 - End of End of Change Item FY2015 FY2016 3Q Notes (A) (B) （B) - （A) Number of consolidated 68 68 0 subsidiaries Number of equity method 25 25 0 affiliates Total 93 93 0
Slide 5: Material Price Environmental Factors
5 Environmental Factors - Financial Results for the 3rd Quarter FY2016 - FY2015 3Q FY2016 3Q Change Item (A) (B) (B) - (A) Exchange Rate Yen/$ 121.7 106.7 -15.0 (CIF) $/ｔ 517 408 -109 Naphtha (Domestic) Yen/KL 45,700 32,200 -13,500 Material Price Benzene(ACP) $/ｔ 704 648 -56 Australian Coal $/ｔ 75.2
Slide 6: Major P/L & B/S Items
6 Major P/L ＆ B/S Items - Financial Results for the 3rd Quarter FY2016 - (Billion Yen) FY2015 3Q FY2016 3Q Difference Item (A) (B) (B) - (A) Net sales 482.3 439.9 -42.4 Operating income 31.2 22.6 -8.5 Ordinary income 30.1 22.6 -7.5 Profit attributable to owners of parent 19.2 15.0 -4.1 End of FY2015
Slide 7: Net Sales by Segment
7 Net Sales by Segment - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） FY2015 3Q FY2016 3Q Difference Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain -19.1, Synthetic rubber -1.1, Chemicals 203.2 183.5 -19.6 Battery Materials and Fine Chemicals 2.5, Polyimide and Speci
Slide 8: Operating Income by Segment
8 Operating Income by Segment - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） FY2015 3Q FY2016 3Q Difference Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain -5.5, Synthetic rubber -1.1, Chemicals 9.5 4.4 -5.1 Battery Materials and Fine Chemicals -0.3, Polyimide and Spe
Slide 9: Analysis of Operating Income
9 Analysis of Operating Income - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） Operating Income Variance Segment FY2015 3Q FY2016 3Q Difference Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals 9.5 4.4 -5.1 -4.7 1.3 -4.1 2.3 Pharmaceutical 0.5 1.6 1.0 0.2 1.5 -0.1
Slide 10: Non Operating Income/Expenses
10 Non Operating Income/Expenses - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） FY2015 3Q FY2016 3Q Difference Item (A) (B) (B) - (A) Operating income 31.2 22.6 -8.5 Net interest expenses -0.8 -0.3 0.4 Share of profit of entities income/expenses 2.5 1.8 -0.6 Non-operating accounted f
Slide 11: Extraordinary Income/Losses
11 Extraordinary Income/Losses - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） FY2015 3Q FY2016 3Q Difference Item (A) (B) (B) - (A) Reversal of accrued expenses from business withdrawal 1.5 - -1.5 Loss on disposal of non-current assets -4.2 -1.5 2.6 Provision for loss over investment
Slide 12: Operating Income - Net Income
12 Operating Income - Net Income - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） FY2015 3Q FY2016 3Q Difference Item (A) (B) (B) - (A) Operating income 31.2 22.6 -8.5 Non-operating income/expenses -1.1 -0.0 1.0 Ordinary income 30.1 22.6 -7.5 Extraordinary income/losses -3.2 -1.4 1.7 P
Slide 13: Consolidated Balance Sheet
13 Consolidated Balance Sheet - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） End of FY2015 End of FY2016 3Q Difference Item (A) (B) (B) - (A) Current assets 276.9 284.4 7.5 Fixed assets 402.7 405.8 3.1 Total assets 679.7 690.4 10.6 Interest-bearing debts 216.6 210.9 -5.6 Other liabil
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Statements of Cash Flows - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） Item FY2015 3Q FY2016 3Q Profit before income taxes 21.1, Depreciation and amortization 25.4, A.Cash flows from operating activities 35.9 28.1 Workig capital -2.6, Payment of Tax and others -9.6,
Slide 15: FY2016 Consolidated Forecasts
15 FY2016 Consolidated Forecasts
Slide 16: Scope of Consolidation - FY2016 Forecasts
16 Scope of Consolidation - FY2016 Consolidated Forecasts - End of End of Change Item FY2015 FY2016 Notes (A) (B) （B) - （A) Number of +U-MHI Platech Co., Ltd. (former Mitsubishi Heavy Industries Plastic Technology Co., Ltd.) consolidated 68 70 2 +U-MHI PLATECH AMERICA, INC. subsidiaries (US subsidia
Slide 17: Material Price Environmental Factors - Forecasts
17 Environmental Factors - FY2016 Consolidated Forecasts - FY2015 FY2016 Change Item (A) (B) (B) - (A) Exchange Rate Yen/$ 120.1 108.8 -11.3 [115.0] 426 (CIF) $/ｔ 484 -58 [480] Naphtha (Domestic) 34,300 Material Price Yen/KL 42,600 -8,300 [40,400] 706 Benzene(ACP) $/ｔ 667 39 [882] Australian 80.6 $/
Slide 18: Major P/L & B/S Items - FY2016 Forecasts
18 Major P/L ＆ B/S Items - FY2016 Consolidated Forecasts - （Billion Yen） FY2015 FY2016 Change Item (A) (B) (B) - (A) Sales 641.7 610.0 -31.7 Operating income 41.4 33.0 -8.4 Ordinary income 39.6 31.0 -8.6 Profit attributable to owners of parent 19.1 20.0 0.9 End of FY2015 End of FY2016 Change Item (A
Slide 19: Net Sales by Segment - FY2016 Forecasts
19 Net Sales by Segment - FY2016 Consolidated Forecasts - （Billion Yen） FY2015 FY2016 Change Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain -20.4 Synthetic rubber 1.9 Chemicals 266.7 250.0 -16.7 Battery Materials and Fine Chemicals 5.1, Polyimide and Specialty Products -2.3, etc Pha
Slide 20: Operating Income by Segment - FY2016 Forecasts
20 Operating Income by Segment - FY2016 Consolidated Forecasts - （Billion Yen） FY2015 FY2016 Change Segment Major Factors (A) (B) (B) - (A) Nylon/Caprolactam chain -3.9 Synthetic rubber -1.9 Chemicals 12.0 8.5 -3.5 Battery Materials and Fine Chemicals 0.5, Polyimide and Specialty Products -0.1, etc
Slide 21: Operating Income - Net Income - FY2016 Forecasts
21 Operating Income - Net Income - FY2016 Consolidated Forecasts - （Billion Yen） FY2015 FY2016 Change Item (A) (B) (B) - (A) Operating income 41.4 33.0 -8.4 Non-operating income/expenses -1.7 -2.0 -0.3 Ordinary income 39.6 31.0 -8.6 Extraordinary income/losses -11.9 -1.0 10.9 Profit before income ta
Slide 22: Appendix
22 Appendix UBE
Slide 23: Reference: Progress of Major P/L Items
23 【Reference】 Progress of Major P/L Items - Financial Results for the 3rd Quarter FY2016 - （Billion Yen） FY2015 (A) FY2016 (B) Difference (B) - (A) Item 3Q 3Q 3Q (Progress) (Progress) 482.3 439.9 Net Sales 641.7 610.0 -31.7 -42.4 (75.2%) (72.1%) 31.2 22.6 Operating income 41.4 33.0 -8.4 -8.5 (75.5%
Slide 24: Reference: FY2016 Changes in Results - Net Sales by Segment
24 【Reference】 FY2016 Changes in Results - Net Sales by Segment - (Billion Yen) FY2016 Full-year Progress Segment 1Q 2Q 3Q 4Q Total Forecast % Chemicals 57.9 60.0 65.5 - 183.5 250.0 73.4% Pharmaceutical 2.4 2.0 2.5 - 7.1 10.0 71.0% Cement & 53.8 55.9 59.6 - 169.3 230.0 73.6% Construction Materials M
Slide 25: Reference: FY2016 Changes in Results - Operating Income by Segment
25 【Reference】 FY2016 Changes in Results - Operating Income by Segment - (Billion Yen) FY2016 Full-year Progress Segment 1Q 2Q 3Q 4Q Total Forecast % Chemicals -2.3 2.8 4.0 - 4.4 8.5 51.8% Pharmaceutical 0.4 0.6 0.4 - 1.6 2.0 80.0% Cement & 2.9 4.4 5.0 - 12.4 16.0 77.5% Construction Materials Machin
Slide 26: Reference: Major data
26 【Reference】 Major data - Financial Results for the 3rd Quarter FY2016 - (Billion Yen) FY2016 full-year Item FY2015 3Q FY2016 3Q FY2015 full-year Forecast Capital investment 21.0 26.6 48.0 34.4 Depreciation and amortization 26.5 25.4 35.0 35.5 R&D expenses 9.9 10.0 14.5 13.7 Adjusted operating inc
Slide 27: Reference: Major Subsidiaries
27 【Reference】 Major Subsidiaries - Financial Results for the 3rd Quarter FY2016 - (Billion Yen) Operating Sales income Subsidiaries and Affiliates Business change from FY2016 3Q FY2015 3Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD Manufacture and sales of caprolactam and polyamide resin 26.1 ↑ Manufactur
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