UBE Corporation · TSE:4208
UBE — Ube Industries — Q3 FY2014 Earnings Presentation
20 slides from UBE's earnings presentation, Feb 3, 2015
Slide 1: Financial Results for the 3rd Quarter FY 2014
1 Financial Results for the 3rd Quarter FY 2014 February 3, 2015
Slide 2: Contents
2 Contents ・ FY2014 3rd Quarter Consolidated Results ・ FY2014 Consolidated Forecasts ・ Appendix ※This"3rd Quarter(3Q)" date states information for 9 month total.
Slide 3: FY2014 3rd Quarter Consolidated Results
3 FY2014 3rd Quarter Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation - Financial Results for the 3rd Quarter FY2014 - End of FY2013 End of FY2014 3Q Change Item Notes (A) (B) （B) - （A) + UBE Machinery Thai Number of + AET LLC consolidated 65 70 5 + AET (USA) LLC subsidiaries + AET (Europe) S.A. + AET (Zhangjiagang) Co., Ltd. (※) Number of + U
Slide 5: Material Price
5 Environmental Factors - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） Impacts on FY2013 3Q FY2014 3Q Change Item Consolidated (A) (B) (B) - (A) OP Income Exchange Rate Yen/$ 99.4 106.9 7.5 0.0 (CIF) $/ｔ 928 906 -22 0.5 Naphtha (Domestic) Yen/KL 65,700 68,400 2,700 (-0.6) Material Pr
Slide 6: Major P/L & B/S Items
6 Major P/L ＆ B/S Items - Financial Results for the 3rd Quarter FY2014 - (Billion Yen) FY2013 3Q FY2014 3Q Change Item (A) (B) (B) - (A) Sales 476.6 473.7 -2.9 Operating income 16.4 14.3 -2.0 Ordinary income 11.9 13.9 1.9 Net income 9.6 5.1 -4.4 End of FY2013 End of FY2014 3Q Change Item (A) (B) (B)
Slide 7: Sales by Segment
7 Sales by Segment - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） FY2013 3Q FY2014 3Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -6.3, Chemicals & Plastics 164.7 159.4 -5.3 Synthetic rubber 1.0 Specialty Chemicals & Specialty products -1.3, Products 47.0 46.5 -0
Slide 8: Operating Income by Segment
8 Operating Income by Segment - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） FY2013 3Q FY2014 3Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 0.1, Chemicals & Plastics -2.0 -1.6 0.3 Synthetic rubber 0.2 Specialty Chemicals & Specialty products -2.0 Products 0.2 -1
Slide 9: Analysis of Operating Income
9 Analysis of Operating Income - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） Operating Income Segment FY2013 3Q FY2014 3Q Change Sales Fixed Price Others (A) (B) (B) - (A) *1 Volume Cost *2 Chemicals & Plastics -2.0 -1.6 0.3 -2.3 0.1 0.6 1.9 Specialty Chemicals & 0.2 -1.9 -2.1 -2.2
Slide 10: Non Operating Items
10 Non Operating Items - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） FY2013 3Q FY2014 3Q Change Item (A) (B) (B) - (A) Operating income 16.4 14.3 -2.0 Net interest expense -1.5 -0.9 0.5 Equity in earnings of Non operating income unconsolidated subsidiaries -0.3 0.9 1.2 and affiliate
Slide 11: Extraordinary Items
11 Extraordinary Items - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） FY2013 3Q FY2014 3Q Change Item (A) (B) (B) - (A) Gain on negative goodwill 2.8 0.2 -2.6 Loss on disposal of PP&E -0.4 -1.9 -1.5 Loss on impairment -0.0 (※1) -1.1 -1.1 Loss on business of subsidiaries and affiliate
Slide 12: Operating Income - Net Income
12 Operating Income - Net Income - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） FY2013 3Q FY2014 3Q Change Item (A) (B) (B) - (A) Operating income 16.4 14.3 -2.0 Non operating item -4.4 -0.4 3.9 Ordinary income 11.9 13.9 1.9 Extraordinary item 1.6 -6.4 -8.0 Income before income tax a
Slide 13: Consolidated Balance Sheet
13 Consolidated Balance Sheet - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） End of FY2013 End of FY2014 3Q Change Item (A) (B) (B) - (A) Current assets 296.5 306.3 9.8 Fixed assets 404.0 423.2 19.1 Total assets 700.7 729.8 29.0 Interest-bearing debts 245.8 259.6 13.8 Other liabiliti
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Statements of Cash Flows - Financial Results for the 3rd Quarter FY2014 - （Billion Yen） Item FY2013 3Q FY2014 3Q Net income before income tax and minority interests A.Cash flows from operating activities 15.6 25.7 7.4, Depreciation and amortization 24.6, B.Cash flows from investing a
Slide 15: FY2014 Consolidated Forecasts
15 FY2014 Consolidated Forecasts
Slide 16: Management Indices - FY2014 Consolidated Forecasts
16 Management Indices - FY2014 Consolidated Forecasts - （Billion Yen） FY2013 (A) FY2014 (B) Change (B) - (A) Item 3Q 3Q (B) 3Q (Progress) (Progress) Sales 650.5 476.6 660.0 473.7 9.5 -2.9 (73.3%) (71.8%) Operating income 24.4 16.4 26.0 14.3 1.6 -2.0 (67.2%) (55.0%) Ordinary income 18.6 11.9 22.0 13.
Slide 17: Appendix
17 Appendix
Slide 18: Major Subsidiaries
18 Major Subsidiaries - Financial Results for the 3rd Quarter FY2014 - (Billion Yen) Operating Sales income Subsidiaries and Affiliates Business change from FY2014 3Q FY2013 3Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD Manufacture and sales of caprolactam and polyamide resin 31.5 ↓ Manufacture and sales
Slide 19: Reference: Major data
19 【Reference】 Major data - Financial Results for the 3rd Quarter FY2014 - (Billion Yen) FY2014 full-year Item FY2013 3Q FY2014 3Q FY2013 full-year Forecast capital investment 20.7 30.4 47.0 36.3 Depreciation andamortization 24.0 24.6 34.5 32.4 R&D expense 10.4 10.3 15.0 13.9 Adjusted operating prof
Slide 20: Forward-looking statements notice
20 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