UBE Corporation · TSE:4208
UBE — Ube Industries — H1 FY2011 Earnings Presentation
31 slides from UBE's earnings presentation, Nov 2, 2011
Slide 1: Financial Results for the First Half FY 2011
1 Financial Financial Results Results for for the the First First Half Half FY FY 2011 2011 November 2, 2011
Slide 2: Contents
2 Contents Contents ・ FY11 First Half Consolidated Results ・ FY11 Consolidated Forecasts ・ Appendix ※This “2nd Quarter (2Q)” data states information for 6 month totals.
Slide 3: FY11 First Half Consolidated Results
3 FY11 FY11 First First Half Half Consolidated Consolidated Results Results
Slide 4: Scope of Consolidation
4 Scope Scope of of Consolidation Consolidation － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － End of FY10 End of FY11 2Q Change Item Notes (A) (B) （B) - （A) Number of Newly Included: None consolidated 66 65 -1 Newly Excluded: 1 subsidiaries Number of Newly Inclu
Slide 5: Environmental Factors
5 Environmental Environmental Factors Factors － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） Impacts on FY10 2Q FY11 2Q Change Item Consolidated OP Income (A) (B) (B) - (A) Exchange Rate Yen/$ 88.9 79.8 -9.1 0.4 (CIF) $/ｔ 709 986 277 -2.6 Naphtha (D
Slide 6: Major P/L & B/S Items
6 Major Major P/L P/L & & B/S B/S Items Items － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 2Q FY11 2Q Change Item (A) (B) (B) - (A) Sales 294.6 311.6 16.9 Operating income 16.7 22.6 5.9 Ordinary income 13.7 20.7 7.0 Net income 7.6 12.1 4.5 En
Slide 7: Non Operating Items
7 Non Non Operating Operating Items Items － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 2Q FY11 2Q Change Item (A) (B) (B) - (A) Operating income 16.7 22.6 5.9 -1.7 -1.4 0.2 Non operating income Net interest expense Equity in earnings of uncon
Slide 8: Extraordinary Items
8 Extraordinary Extraordinary Items Items － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 2Q FY11 2Q Change Item (A) (B) (B) - (A) Gain on share change balance 0.4 - -0.4 Others 0.2 0.1 -0.1 Extraordinary income 0.6 0.1 -0.5 Loss on disposal of
Slide 9: Operating Income – Net Income
9 Operating Operating Income Income –– Net Net Income Income － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 2Q FY11 2Q Change Item (A) (B) (B) - (A) Operating income 16.7 22.6 5.9 Non operating item -3.0 -1.9 1.0 Ordinary income 13.7 20.7 7.0 E
Slide 10: Sales by Segment
10 Sales Sales by by Segment Segment － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 2Q FY11 2Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 15.0 Chemicals & Plastics 97.2 115.2 17.9 Synthetic rubber 2.9 Specialty Chemicals &
Slide 11: Operating Income by Segment
11 Operating Operating Income Income by by Segment Segment － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 2Q FY11 2Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 7.4 Chemicals & Plastics 5.6 13.7 8.1 Synthetic rubber 0.7 Spe
Slide 12: Analysis of Operating Income
12 Analysis Analysis of of Operating Operating Income Income － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） Operating Income Segment FY10 2Q FY11 2Q Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 5.6 13.7 8.
Slide 13: Sales Progress by Segment
13 Sales Sales Progress Progress by by Segment Segment － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 FY11 Full Year Change Segment Progress Progress Full Year 2Q Forecast 2Q (B) - (A) (A) Published on (B) 11/2/2011 Chemicals & Plastics 204.5 9
Slide 14: Operating Income Progress by Segment
14 Operating Operating Income Income Progress Progress by by Segment Segment － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） FY10 FY11 Full Year Change Segment Progress Progress Full Year 2Q Forecast 2Q (B) - (A) (A) Published on (B) 11/2/2011 Chemic
Slide 15: Consolidated Balance Sheet
15 Consolidated Consolidated Balance Balance Sheet Sheet － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） End of FY10 End of FY11 2Q Change Item (A) (B) (B) - (A) Current assets 281.7 280.2 -1.4 Fixed assets 379.7 382.1 2.4 Total assets 661.5 662.4 0.
Slide 16: Consolidated Statements of Cash Flows
16 Consolidated Consolidated Statements Statements of of Cash Cash Flows Flows － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） Item FY10 2Q FY11 2Q Income before tax and minority interests 19.3 A.Cash flows from operating activities 24.6 11.6 Depreci
Slide 17: Business Highlight
17 Business Business Highlight Highlight － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － Chemicals & Plastics ◆ Ube Industries, Ltd. completed construction work to increase in production capacity for caprolactam at Sakai Plant by 5,000t. (April, 2011) Specialty Ch
Slide 18: FY11 Consolidated Forecasts
18 FY11 FY11 Consolidated Consolidated Forecasts Forecasts
Slide 19: Scope of Consolidation
19 Scope Scope of of Consolidation Consolidation － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － End of FY10 End of FY11 Change Item Notes (A) (B) （B) - （A) Number of Newly Included: 1 consolidated 66 66 0 Newly Excluded: 1 subsidiaries Number of Newly Included: 2 equity method 24 25 1 N
Slide 20: Environmental Factors
20 Environmental Environmental Factors Factors － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） Impacts on FY10 FY11 Change Item Consolidated OP Income (A) (B) (B) - (A) Exchange Rate Yen/$ 85.7 78.4 -7.3 0.6 [77.0] (CIF) $/ｔ 762 993 231 -4.4 [1,000] Naphtha (Domestic) Yen/K
Slide 21: Major P/L & B/S Items
21 Major Major P/L P/L & & B/S B/S Items Items － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY10 FY11 Change Item (A) (B) (B) - (A) Sales 616.0 662.0 46.0 Operating income 44.3 50.0 5.7 Ordinary income 39.1 44.5 5.4 Net income 17.2 24.0 6.8 End of FY10 End of FY11 Change
Slide 22: Operating Income – Net Income
22 Operating Operating Income Income –– Net Net Income Income － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY10 FY11 Change Item (A) (B) (B) - (A) Operating income 44.3 50.0 5.7 Non operating item -5.2 -5.5 -0.3 Ordinary income 39.1 44.5 5.4 Extraordinary item -10.3 -4.0
Slide 23: Sales by Segment
23 Sales Sales by by Segment Segment － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY10 FY11 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 24.7 Chemicals & Plastics 204.5 242.0 37.5 Synthetic rubber 12.8 Specialty Chemicals & Specialty products 4.3 Prod
Slide 24: Operating Income by Segment
24 Operating Operating Income Income by by Segment Segment － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） FY10 FY11 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain 4.4 Chemicals & Plastics 20.0 24.7 4.7 Synthetic rubber 0.3 Specialty Chemicals & Specialty
Slide 25: Analysis of Operating Income
25 Analysis Analysis of of Operating Operating Income Income － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － （Billion Yen） Operating Income Segment FY10 FY11 Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 20.0 24.7 4.7 6.8 1.9 -2.5 -1.5 Specialty
Slide 26: Reference: FY11 Forecasts - Net Sales Comparison by Segment
26 【Reference】 【Reference】 FY11 FY11Consolidated ConsolidatedForecasts Forecasts -Net Sales（Comparisons -NetSales （Comparisonsfor forforecasts forecastsatatthe thebeginning beginningofofthe theperiod, period,by segment）-- bysegment） （Billion Yen） Beginning Revised forecasts (A) forecasts (B) Change
Slide 27: Reference: FY11 Forecasts - Operating Income Comparison by Segment
27 【Reference】 【Reference】 FY11 FY11Consolidated ConsolidatedForecasts Forecasts -Operating Income（Comparisons -OperatingIncome （Comparisonsfor forforecasts forecastsatatthe thebeginning beginningofofthe theperiod, period,by segment）-- bysegment） （Billion Yen） Beginning Revised forecasts (A) forecas
Slide 28: Management Indices
28 Management Management Indices Indices － －FY11 FY11Consolidated Forecasts－ ConsolidatedForecasts － FY10 FY11 Change Item Computation Unit (A) (B) (B) - (A) Net debt Net D/E Ratio /Equity capital Times 1.1 1.1 0.0 Equity capital Equity Ratio /Total assets % 28.3 30.4 2.1 Operating Income Operating
Slide 29: Appendix
29 Appendix Appendix
Slide 30: Major Subsidiaries
30 Major Major Subsidiaries Subsidiaries － －Financial FinancialResults Resultsfor forthe theFirst FirstHalf FY11－ HalfFY11 － （Billion Yen） Operating Sales income Subsidiaries and Affiliates Business change from FY11 2Q FY10 2Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD Manufacture and sales of caprolactam
Slide 31: Forward-looking statements
31 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 date currently availab