UBE Corporation · TSE:4208
UBE — Q3 FY2019 Earnings Presentation
33 slides from UBE's earnings presentation, Feb 4, 2020
Slide 1: Financial Results for the 3rd Quarter FY2019
Financial Results for the 3rd Quarter FY2019 Explanatory material February 4, 2020 3rd Quarter: April – December
Slide 2: FY2019 3rd Quarter Consolidated Results
FY2019 3rd Quarter Consolidated Results 2
Slide 3: Scope of Consolidation
3rd Quarter of the FY2019 Scope of Consolidation End of FY2019 End of FY2018 Difference Item 3Q Notes (A) (B) （B) - （A) Number of - UBE Coal Trading, Ltd. - UBE ELECTRONICS, LTD. consolidated 71 69 (2) - UBE ELECTRONICS (WUXI) CO., LTD subsidiaries + UBE PROCESSING TEC CORPORATION Number of equity m
Slide 4: Environmental Factors: Naphtha Material Price
3rd Quarter of the FY2019 Environmental Factors FY2018 3Q FY2019 3Q Difference Item (A) (B) (B) - (A) Exchange Rate Yen/$ 111.1 108.7 (2.4) CIF $/ｔ 651 531 (120) Naphtha Domestic Yen/KL 52,600 42,200 (10,400) Material Price Benzene (ACP) $/ｔ 826 653 (173) Australian $/ｔ 127.0 101.5 (25.5) Coal (CIF)
Slide 5: Major P/L Items
3rd Quarter of the FY2019 Major P/L Items (Billions of yen) FY2018 3Q FY2019 3Q Difference Percentage Item (A) (B) (B) - (A) change Net sales 540.4 497.8 (42.6) (7.9)% Operating profit 30.0 25.4 (4.6) (15.4)% Ordinary profit 33.4 24.9 (8.4) (25.4)% Profit attributable to 22.8 15.1 (7.6) (33.6)% owne
Slide 6: Net Sales and Operating Profit by Segment
3rd Quarter of the FY2019 Net Sales and Operating Profit by Segment (Billions of yen) Segment FY2018 3Q FY2019 3Q Difference (A) (B) (B) - (A) Chemicals 241.4 214.9 (26.4) Net sales Construction Materials 240.7 227.7 (13.0) Machinery 67.0 64.7 (2.2) Others 3.7 3.5 (0.1) Adjustment (12.3) (13.0) (0.6
Slide 7: Analysis - Total
3rd Quarter of the FY2019 Analysis - Total (Billions of yen) Net Sales Difference of operating profit 700.0 (42.6) Chemicals (26.4) Price ※1 4.3 540.4 497.8 Construction Materials (13.0) 合成ゴム 69.0 Machinery (2.2) 350.0 Others (0.1) Volume (2.1) Adjustment (0.6) カプロラクタム (6 0) 0.0 Fixed Cost FY2018 3Q
Slide 8: Analysis - Chemicals
3rd Quarter of the FY2019 Analysis - Chemicals (Billions of yen) Net Sales Difference of operating profit (26.4) Price ※1 (1.1) Engineering Plastics & Fine Chemicals (16.2) Synthetic rubber (9.1) 合成ゴム 69.0 Specialty Products (0.9) Volume 0.6 Pharmaceutical 1.1 etc カプロラクタム (6 0) Fixed Cost (11.0)% De
Slide 9: Analysis – Construction Materials
3rd Quarter of the FY2019 Analysis – Construction Materials (Billions of yen) Net Sales Difference of operating profit (13.0) Cement and Ready-mixed concrete (6.5) Construction materials and (1.6) Price ※1 4.8 Limestone related products 69.0 Coal (5.2) Power 0.3 Volume (2.4) (6 0) Fixed Cost (5.4)%
Slide 10: Analysis - Machinery
3rd Quarter of the FY2019 Analysis - Machinery (Billions of yen) Net Sales Difference of operating profit (2.2) Price ※1 0.6 69.0 Volume (0.2) (6 0) Fixed Cost (3.4)% Decreased and Others ※2 (0.1) Operating profit Total 0.2 +0.2 *1: Including both selling and purchase change *2: Including marginal p
Slide 11: Operating Profit – Profit attributable to owners of parent
3rd Quarter of the FY2019 Operating Profit – Profit attributable to owners of parent (Billions of yen) FY2018 3Q FY2019 3Q Difference Item (A) (B) (B) - (A) Operating profit 30.0 25.4 (4.6) Non-operating income/expenses 3.3 (0.4) (3.8) Net interests expenses 1.0 0.5 (0.4) Share of profit of entities
Slide 12: Consolidated Balance Sheet
3rd Quarter of the FY2019 Consolidated Balance Sheet (Billions of yen) End of FY2018 End of FY2019 3Q Difference Item (A) (B) (B) - (A) Current assets 315.6 302.7 (12.9) Fixed assets 424.4 422.8 (1.5) Total assets 740.2 725.7 (14.5) Interest-bearing debt 187.2 184.9 (2.3) Other liabilities 198.4 183
Slide 13: Consolidated Statements of Cash Flows
3rd Quarter of the FY2019 Consolidated Statements of Cash Flows (Billions of yen) Item FY2018 3Q FY2019 3Q Profit before income taxes 19.3 A.Cash flows from operating activities 21.1 46.1 Depreciation and amortization 27.2 etc. B.Cash flows from investing activities (28.5) (31.0) Acquisition of PP&E
Slide 14: FY2019 Consolidated Forecasts
FY2019 Consolidated Forecasts 14
Slide 15: Forecasts: Scope of Consolidation
FY2019 Consolidated Forecasts Scope of Consolidation End of FY 2018 End of FY 2019 Difference Item Notes (A) (B) （B) - （A) － UBE Coal Trading, Ltd. Number of － UBE ELECTRONICS, LTD. consolidated 71 69 (2) － UBE ELECTRONICS (WUXI) CO., LTD. subsidiaries ＋ UBE PROCESSING TEC CORPORATION Number of + Ky
Slide 16: Forecasts: Business Environmental Assumptions
FY2019 Consolidated Forecasts Business Environmental FY 2018 FY 2019 Difference Item (A) (B) (B) - (A) 108.8 Exchange Rate Yen/$ 110.9 (2.1) [109.0] 544 Naphtha CIF $/ｔ 616 (72) [580] 43,100 Material Price Domestic Yen/KL 49,400 (6,300) [45,900] Benzene 671 $/ｔ 764 (93) (ACP) [725] 101.0 Australian
Slide 17: Forecasts: Major P/L & B/S Items
FY2019 Consolidated Forecasts Major P/L & B/S Items (Billions of yen) FY 2018 FY 2019 Difference Percentage Item change (A) (B) (B) - (A) Net sales 730.1 675.0 (55.1) (7.6)% Operating profit 44.5 36.0 (8.5) (19.2)% Ordinary profit 47.8 35.5 (12.3) (25.8)% Profit attributable to 32.4 22.0 (10.4) (32.
Slide 18: Forecasts: Net Sales and Operating Profit by Segment
FY2019 Consolidated Forecasts Net Sales and Operating Profit by Segment (Billions of yen) FY 2018 FY 2019 Difference Segment (A) (B) (B) - (A) Chemicals 324.2 295.0 (29.2) Net sales Construction Materials 321.0 305.0 (16.0) Machinery 97.2 89.0 (8.2) Others 4.9 4.0 (0.9) Adjustment (17.3) (18.0) (0.7
Slide 19: Forecasts: Analysis – Total
FY2019 Consolidated Forecasts Analysis – Total (Billions of yen) Net Sales 900.0 730.1 Chemicals (29.2) 675.0 (55.1) Construction Materials (16.0) Machinery (8.2) 450.0 Others (0.9) Adjustment (0.7) 0.0 (7.6)% Decreased FY 2018 FY 2019 Operating Profit 60.0 Chemicals (9.1) 44.5 (8.5) Construction Ma
Slide 20: Forecasts: Analysis – Chemicals
FY2019 Consolidated Forecasts Analysis – Chemicals (Billions of yen) Net Sales Engineering Plastics & Fine Chemicals (18.9) (29.2) Synthetic rubber (10.7) Specially Products (0.5) Pharmaceutical 0.9 (9.0)% Decreased Operating Profit Engineering Plastics & Fine Chemicals (7.3) (9.1) Synthetic rubber
Slide 21: Forecasts: Analysis – Construction Materials
FY2019 Consolidated Forecasts Analysis – Construction Materials (Billions of yen) Net Sales Cement and Ready-mixed concrete (6.0) Construction materials and (1.1) (16.0) Limestone related products Coal (8.0) Power 0.2 etc (5.0)% Decreased Operating Profit Cement and Ready-mixed concrete 0.6 +1.1 Con
Slide 22: Forecasts: Analysis – Machinery
FY2019 Consolidated Forecasts Analysis – Machinery (Billions of yen) Net Sales (8.2) (8.5)% Decreased Operating Profit (0.4) (7.6)% Decreased 22
Slide 23: Forecasts: Operating Profit – Profit attributable to owners of parent
FY2019 Consolidated Forecasts Operating Profit – Profit attributable to owners of parent (Billions of yen) FY 2018 FY 2019 Difference Item (A) (B) (B) - (A) Operating profit 44.5 36.0 (8.5) Non-operating income/expenses 3.3 (0.5) (3.8) Ordinaly profit 47.8 35.5 (12.3) Extraordinary income/losses (3.
Slide 24: Reference
Reference 24
Slide 25: Reference: Forecast Difference of Net Sales
Reference: FY2019 Consolidated Forecast Difference of Net sales （Billions of yen） Previous Revised forecasts forecasts Difference Major factors Segment 2019/10/28 2020/2/4 (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals (9.9) Synthetic rubber 0.4 Chemicals 305.0 295.0 (10.0) Specialty Produc
Slide 26: Reference: Forecast Difference of Operating Profit
Reference: FY2019 Consolidated Forecast Difference of Operating profit （Billions of yen） Previous Revised forecasts forecasts Difference Major factors Segment 2019/10/28 2020/2/4 (A) (B) (B) - (A) Engineering Plastics & Fine Chemicals (4.9) Chemicals 20.5 15.5 (5.0) Specialty Products (0.3) etc. Cem
Slide 27: Analysis of Operating Profit by Segment
Reference: 3rd Quarter of the FY2019 Analysis of Operating Profit by Segment （Billions of yen） Operating profit Segment Fixed cost FY2018 3Q FY2019 3Q Difference Price Volume and others (A) (B) (B) - (A) *1 *2 Chemicals 16.8 11.0 (5.7) (1.1) 0.6 (5.2) Construction Materials 10.3 11.3 1.0 4.8 (2.4) (
Slide 28: Progress of Major P/L Items
Reference: 3rd Quarter of the FY2019 Progress of Major P/L Items (Billions of yen) FY2018 (A) FY2019 (B) Difference (B) - (A) Item 3Q 3Q 3Q Progress Progress 540.4 497.8 Net sales 730.1 675.0 (55.1) (42.6) 74.0% 73.8% 30.0 25.4 Operating profit 44.5 36.0 (8.5) (4.6) 67.4% 70.6% 33.4 24.9 Ordinary pro
Slide 29: Net Sales
Reference: 3rd Quarter of the FY2019 Net Sales (Billions of yen) FY2019 Full-year Segment Progress (Forecast) 1Q 2Q 3Q 4Q Total Chemicals 74.5 71.9 68.4 - 214.9 295.0 72.9% Construction Materials 75.4 77.2 74.9 - 227.7 305.0 74.7% Machinery 18.8 23.1 22.6 - 64.7 89.0 72.7% Others 1.1 1.1 1.2 - 3.5 4
Slide 30: Operating Profit
Reference: 3rd Quarter of the FY2019 Operating Profit (Billions of yen) FY2019 Full-year Segment Progress (Forecast) 1Q 2Q 3Q 4Q Total Chemicals 4.6 3.6 2.7 - 11.0 15.5 71.6% Construction Materials 2.3 4.4 4.5 - 11.3 15.5 73.2% Machinery 0.4 1.2 1.2 - 2.9 5.0 58.7% Others 0.1 0.0 0.2 - 0.4 0.8 59.4%
Slide 31: Consolidated Key Indicators
Reference: 3rd Quarter of the FY2019 Consolidated Key Indicators (Billions of yen) FY2019 full-year FY2018 Item FY2018 3Q FY2019 3Q (forecast) full-year Capital investment 24.9 26.6 48.0 41.7 Depreciation and amortization 26.9 27.2 37.0 36.4 Research and development expenses 9.0 9.7 14.0 12.1 Adjust
Slide 32: Consolidated Major Subsidiaries
Reference: 3rd Quarter of the FY2019 Consolidated Major Subsidiaries (Billions of yen) Difference of Net Sales operating Subsidiaries and affiliates Business profit from FY2019 3Q FY2018 3Q Manufacture and sales of nylon, caprolactam, ammonium sulfate and fine UBE Corporation Europe, S.A. Unipersona
Slide 33: Forward-looking statements notice
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 available.