UBE Corporation · TSE:4208
UBE — H1 FY2021 Earnings Presentation
36 slides from UBE's earnings presentation, Nov 2, 2021
Slide 1: Financial Results for the 1st half of FY2021
Financial Results for the 1st half of FY2021 Explanatory material November 2, 2021 1st half: April – September
Slide 2: FY2021 1st half Consolidated Results
FY2021 1st half Consolidated Results 2
Slide 3: Scope of Consolidation
1st half of the FY2021 Scope of Consolidation End of FY2021 End of FY2020 Difference Item 2Q 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 half of the FY2021 Environmental Factors FY2020 2Q FY2021 2Q Difference Item (A) (B) (B) - (A) Exchange Rate Yen/$ 106.9 109.8 2.9 CIF $/ｔ 344 639 295 Naphtha Domestic Yen/KL 27,600 50,700 23,100 Material Price Benzene (ACP) $/ｔ 398 981 583 Australian $/ｔ 75.8 143.5 67.7 Coal (CIF) Yen/t 8,099 1
Slide 5: Major P/L Items
1st half of the FY2021 Major P/L Items (Billions of yen) FY2020 2Q FY2021 2Q Difference Percentage Item (A) (B) (B) - (A) change *1 280.0 306.6 26.6 － Net sales 347.1 67.1 24.0% Operating profit 3.4 19.0 15.6 459.8% Ordinary profit 1.5 17.8 16.3 － Profit attributable to 0.2 9.5 9.2 － owners of paren
Slide 6: Net Sales and Operating Profit by Segment
1st half of the FY2021 Net Sales and Operating Profit by Segment (Billions of yen) FY2020 2Q FY2021 2Q Difference Percentage Segment (A) (B) (B) - (A) change 112.3 157.3 45.0 － Chemicals *1 161.8 49.4 44.1% 139.1 105.7 (33.4) － Construction Materials 143.5 4.4 3.2% Net sales 34.9 45.3 10.4 － Machine
Slide 7: Analysis – Total
1st half of the FY2021 Analysis – Total (Billions of yen) Net Sales Difference of operating profit 306.6 Chemicals 45.0 400.0 Construction Materials (33.4) Price ※1 0.8 306.6 347.1 280.0 +26.6 合成ゴム 69.0 Machinery 10.4 +67.1 *1 Others 0.1 200.0 Volume 8.5 Adjustment 4.4 カプロラクタム (6.0) 0.0 － Fixed Cost
Slide 8: Analysis – Chemicals
1st half of the FY2021 Analysis – Chemicals (Billions of yen) Net Sales Difference of operating profit Engineering Plastics & Fine Chemicals 27.8 157.3 Price ※1 5.5 Synthetic rubber 12.2 161.8 +45.0 Specialty Products 1.3 合成ゴム 69.0 +49.4 *1 Pharmaceutical 1.1 etc Volume 7.6 カプロラクタム (6.0) － Fixed Cos
Slide 9: Analysis – Construction Materials
1st half of the FY2021 Analysis – Construction Materials (Billions of yen) Net Sales Difference of operating profit Cement and Ready-mixed concrete (38.3) Construction materials and 1.3 Price ※1 (5.0) (33.4) 105.7 Limestone related products +4.4 143.5 Coal 6.2 69.0 *1 Power (2.8) Volume 0.6 etc (6.0
Slide 10: Analysis – Machinery
1st half of the FY2021 Analysis – Machinery (Billions of yen) Net Sales Difference of operating profit 45.3 Price ※1 0.3 +10.4 43.6 +8.6 69.0 *1 Volume 0.3 (6.0) － 24.8% Increased Fixed Cost and Others ※2 1.6 Operating profit Total 2.1 +2.1 *1: Including both selling and purchase change *2: Includin
Slide 11: Operating Profit – Profit attributable to owners of parent
1st half of the FY2021 Operating Profit – Profit attributable to owners of parent (Billions of yen) FY2020 2Q FY2021 2Q Difference Item (A) (B) (B) - (A) Operating profit 3.4 19.0 15.6 Non-operating income (expenses) (1.8) (1.1) 0.6 Net interests expenses 0.2 0.2 0.0 Share of profit (loss) of entiti
Slide 12: Consolidated Balance Sheet
1st half of the FY2021 Consolidated Balance Sheet (Billions of yen) End of FY2020 End of FY2021 2Q Difference Item (A) (B) (B) - (A) Current assets 331.7 329.5 (2.2) Fixed assets 437.8 430.2 (7.5) Total assets 769.7 759.9 (9.7) Interest-bearing debt 214.7 204.8 (9.9) Other liabilities 174.3 181.7 7.
Slide 13: Consolidated Statements of Cash Flows
1st half of the FY2021 Consolidated Statements of Cash Flows (Billions of yen) Item FY2020 2Q FY2021 2Q Profit before income taxes 15.9 A.Cash flows from operating activities 29.7 12.6 Depreciation and amortization 17.9 Decrease in working capital (17.4) etc. B.Cash flows from investing activities (
Slide 14: FY2021 Consolidated Forecasts
FY2021 Consolidated Forecasts 14
Slide 15: Forecasts: 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. ＋ UBE HIGH CO.,LTD Number of － Yamaishi Metal Co., Ltd. consolidated 66 64 (2) － UBE PROCESSING TEC CORPORATION subsidiaries － UBE Advanced Materials INC.
Slide 16: Forecasts: Environmental Factors
FY2021 Consolidated Forecasts Environmental Factors FY2020 FY2021 Difference Item (A) (B) (B) - (A) 109.9 Exchange Rate Yen/$ 106.1 3.8 [110.0] 647 Naphtha CIF $/ｔ 399 248 [655] 51,400 Material Price Domestic Yen/KL 31,300 20,100 [52,100] Benzene 915 $/ｔ 500 415 (ACP) [850] 153.3 Australian $/ｔ 82.0
Slide 17: Forecasts: 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) 613.8 635.0 21.1 - Net sales *1 715.0 101.1 16.5% Operating profit 25.9 39.0 13.0 50.6% Ordinary profit 23.2 33.5 10.2 43.8% Profit attributable to 22.9 19.5 (3.4)
Slide 18: Forecasts: 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) 259.3 322.0 62.6 - Chemicals *1 331.0 71.6 27.6% 282.8 217.0 (65.8) - Construction Materials 289.0 6.1 2.2% Net sales 78.7 100.0 21.2 - Machi
Slide 19: Forecasts Analysis – Total
FY2021 Consolidated Forecasts Analysis – Total (Billions of yen) Net Sales 800.0 635.0 Chemicals 62.6 613.8 635.0 715.0 Construction Materials (65.8) +21.1 +101.1 Machinery 21.2 *1 Others (0.1) 400.0 Adjustment 3.1 - 0.0 16.5% Increased FY2020 FY2021 Operating Profit 50.0 39.0 Chemicals 19.8 Constru
Slide 20: Forecasts Analysis – Chemicals
FY2021 Consolidated Forecasts Analysis – Chemicals (Billions of yen) Net Sales 322.0 Engineering Plastics & Fine Chemicals 43.9 331.0 Synthetic rubber 17.7 +62.6 +71.6 Specially Products (0.9) *1 Pharmaceutical 0.9 etc - 27.6% Increased Operating Profit Engineering Plastics & Fine Chemicals 15.9 +19
Slide 21: Forecasts Analysis – Construction Materials
FY2021 Consolidated Forecasts Analysis – Construction Materials (Billions of yen) Net Sales Cement and Ready-mixed concrete (81.5) 217.0 Construction materials and 3.5 (65.8) +6.1 289.0 Limestone related products *1 Coal 12.7 Power 0.2 etc - 2.2% Increased Operating Profit Cement and Ready-mixed con
Slide 22: Forecasts Analysis – Machinery
FY2021 Consolidated Forecasts Analysis – Machinery (Billions of yen) Net Sales 100.0 +21.2 99.0 +20.2 *1 - 25.8% Increased Operating Profit +2.1 76.6% Increased *1: The figures shown at the bottom of each table are reference values for expected results if the Accounting Standard for Revenue Recognit
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 39.0 13.0 Non-operating income (expenses) (2.6) (5.5) (2.8) Ordinaly profit 23.2 33.5 10.2 Extraordinary income (losses) (0
Slide 24: Reference
Reference 24
Slide 25: Reference: Forecast Difference of Net sales
Reference: FY2021 Consolidated Forecast Difference of Net sales （Billions of yen） Previous Revised forecasts forecasts Difference Segment Major factors 2021/5/12 2021/10/22 (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 30.4 Synthetic rubber 15.3 Chemicals 280.0 322.0 42.0 Specialty Product
Slide 26: Reference: Forecast Difference of Operating profit
Reference: FY2021 Consolidated Forecast Difference of Operating profit （Billions of yen） Previous Revised forecasts forecasts Difference Segment Major factors 2021/5/12 2021/10/22 (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 4.7 Synthetic rubber 1.9 Chemicals 20.5 28.0 7.5 Specialty Produ
Slide 27: Analysis of Operating Profit by Segment
Reference: 1st half of FY2021 Analysis of Operating Profit by Segment （Billions of yen） Operating profit (loss) Segment Fixed cost FY2020 2Q FY2021 2Q Difference Price Volume and others (A) (B) (B) - (A) *1 *2 Chemicals (2.5) 14.5 17.1 5.5 7.6 4.1 Construction Materials 5.6 2.0 (3.6) (5.0) 0.6 0.7 *
Slide 28: Progress of Major P/L Items
Reference: 1st half of FY2021 Progress of Major P/L Items (Billions of yen) FY2020 Results (A) FY2021 Forecasts (B) Difference (B) - (A) Item 2Q 2Q 2Q Progress Progress 280.0 306.6 Net sales 613.8 635.0 21.1 26.6 45.6% 48.3% 3.4 19.0 Operating profit 25.9 39.0 13.0 15.6 13.2% 48.9% 1.5 17.8 Ordinary
Slide 29: Net Sales
Reference: 1st half of FY2021 Net Sales (Billions of yen) FY2021 Full-year Segment Progress (forecast) 1Q 2Q 3Q 4Q Total Chemicals 76.7 80.6 － － 157.3 322.0 48.9% Construction Materials 48.7 57.0 － － 105.7 217.0 48.7% Machinery 21.4 23.9 － － 45.3 100.0 45.4% Others 0.8 0.7 － － 1.5 3.0 52.9% Adjustme
Slide 30: Operating Profit
Reference: 1st half of FY2021 Operating Profit (Billions of yen) FY2021 Full-year Segment Progress (forecast) 1Q 2Q 3Q 4Q Total Chemicals 7.6 6.9 － － 14.5 28.0 52.0% Construction Materials 0.6 1.3 － － 2.0 6.0 34.2% Machinery 0.7 1.6 － － 2.3 5.0 47.4% Others 0.0 0.1 － － 0.1 0.4 46.3% Adjustment (0.2)
Slide 31: 2Q on 1Q – Net Sales
Reference: 1st half of FY2021 2Q on 1Q – Net Sales （Billions of yen） FY2021 FY2021 Difference Segment 1Q 2Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals 1.2 Synthetic rubber 1.6 Chemicals 76.7 80.6 3.8 Specialty Products (1.0) Pharmaceutical 0.1 etc. Cement and Ready-mixed c
Slide 32: 2Q on 1Q – Operating Profit
Reference: 1st half of FY2021 2Q on 1Q – Operating Profit （Billions of yen） FY2021 FY2021 Difference Segment 1Q 2Q Major factors (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals (0.4) Synthetic rubber (0.6) Chemicals 7.6 6.9 (0.6) Specialty Products (0.0) Pharmaceutical 0.5 etc. Cement and Re
Slide 33: Consolidated Key Indicators
Reference: 1st half of FY2021 Consolidated Key Indicators (Billions of yen) FY2021 full-year FY2020 Item FY2020 2Q FY2021 2Q (forecast) full-year Capital investment 17.8 14.0 44.0 37.1 Depreciation and amortization 18.0 17.9 36.0 36.3 Research and development expenses 5.6 5.7 12.5 11.4 Adjusted oper
Slide 34: Consolidated Major Subsidiaries
Reference: 1st half of FY2021 Consolidated Major Subsidiaries (Billions of yen) Difference of Net Sales operating Subsidiaries and affiliates Business profit from FY2021 2Q FY2020 2Q Manufacture and sales of nylon, caprolactam, ammonium sulfate and fine UBE Corporation Europe, S.A. Unipersonal chemi
Slide 35: IR Calendar: Announcement of 3rd quarter Business Results
Reference: IR Calendar Announcement of 3rd quarter Business Results Announcement of 3rd quarter Business Results • February 2, 2022 15:00 Telephone Conference for 3rd quarter Business Results • February 2, 2022 18:00 ー 18:45 (Note) This schedule is subject to change without notice due to circumstanc
Slide 36: 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