UBE Corporation · TSE:4208
UBE — Ube Industries — Q3 FY2012 Earnings Presentation
27 slides from UBE's earnings presentation, Feb 5, 2013
Slide 1: Financial Results for the 3rd Quarter FY 2012
1 Financial Results for the 3rd Quarter FY 2012 February 5, 2013
Slide 2: Contents
2 Contents ・ FY12 3rd Quarter Consolidated Results ・ FY12 Consolidated Forecasts ・ Appendix ※This “3rd Quarter (3Q)” data states information for 9 month totals.
Slide 3: FY12 3rd Quarter Consolidated Results
3 FY12 3rd Quarter Consolidated Results
Slide 4: Scope of Consolidation
4 Scope of Consolidation － Financial Results for the 3rd Quarter FY12 － End of FY11 End of FY12 3Q Change Item Notes (A) (B) （B) - （A) Number of Newly Included: 1 consolidated 67 68 +1 Newly Excluded: None subsidiaries Number of Newly Included: None equity method 25 25 0 Newly Excluded: None affilia
Slide 5: Material Price Environmental Factors
5 Environmental Factors － Financial Results for the 3rd Quarter FY12 － （Billion Yen） Impacts on FY11 3Q FY12 3Q Change Item Consolidated OP Income (A) (B) (B) - (A) Exchange Rate Yen/$ 79.0 80.0 1.0 -0.1 $/ｔ (CIF) 966 961 -5 0.0 Naphtha (Domestic) Yen/KL 55,200 55,400 200 (-0.1) Material Price Benze
Slide 6: Major P/L & B/S Items
6 Major P/L & B/S Items － Financial Results for the 3rd Quarter FY12 － （Billion Yen） FY11 3Q FY12 3Q Change Item (A) (B) (B) - (A) Sales 470.9 464.4 -6.5 Operating income 35.0 23.1 -11.8 Ordinary income 31.1 22.0 -9.0 Net income 19.4 12.5 -6.8 End of FY11 End of FY12 3Q Change Item (A) (B) (B) - (A)
Slide 7: Non Operating Items
7 Non Operating Items － Financial Results for the 3rd Quarter FY12 － （Billion Yen） FY11 3Q FY12 3Q Change Item (A) (B) (B) - (A) Operating income 35.0 23.1 -11.8 -2.3 -1.9 0.3 Non operating income Net interest expense Equity in earnings of unconsolidated subsidiaries 0.9 1.1 0.2 and affiliated compa
Slide 8: Extraordinary Items
8 Extraordinary Items － Financial Results for the 3rd Quarter FY12 － （Billion Yen） FY11 3Q FY12 3Q Change Item (A) (B) (B) - (A) Gain on transfer of business ‐ 0.2 0.2 Others 0.2 0.4 0.2 Extraordinary income 0.2 0.7 0.4 Loss on disposal of PP&E -0.4 -0.9 -0.5 Loss on valuation of investment securiti
Slide 9: Operating Income – Net Income
9 Operating Income – Net Income － Financial Results for the 3rd Quarter FY12 － （Billion Yen） FY11 3Q FY12 3Q Change Item (A) (B) (B) - (A) Operating income 35.0 23.1 -11.8 Non operating item -3.9 -1.1 2.7 Ordinary income 31.1 22.0 -9.0 Extraordinary item -1.3 -3.2 -1.8 Income before income tax and m
Slide 10: Sales by Segment
10 Sales by Segment － Financial Results for the 3rd Quarter FY12 － （Billion Yen） FY11 3Q FY12 3Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -6.3 Chemicals & Plastics 174.1 162.9 -11.2 Synthetic rubber -4.9 Specialty Chemicals & Specialty products -2.7 Products 48.8 46.9 -1.9 Fi
Slide 11: Operating Income by Segment
11 Operating Income by Segment － Financial Results for the 3rd Quarter FY12 － （Billion Yen） FY11 3Q FY12 3Q Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -12.5 Chemicals & Plastics 19.4 4.3 -15.1 Synthetic rubber -2.6 Specialty Chemicals & Specialty products -2.8 Products 5.1 1.5
Slide 12: Analysis of Operating Income
12 Analysis of Operating Income － Financial Results for the 3rd Quarter FY12 － （Billion Yen） Operating Income Segment FY11 3Q FY12 3Q Change Sales Fixed Price Others Volume Cost (A) (B) (B) - (A) *1 *2 Chemicals & Plastics 19.4 4.3 -15.1 -14.7 1.1 -1.4 -0.2 Specialty Chemicals & Products 5.1 1.5 -3.
Slide 13: Consolidated Balance Sheet
13 Consolidated Balance Sheet － Financial Results for the 3rd Quarter FY12 － （Billion Yen） End of FY11 End of FY12 3Q Change Item (A) (B) (B) - (A) Current assets 284.4 295.8 11.3 Fixed assets 380.4 382.0 1.5 Total assets 664.9 677.9 12.9 Interest-bearing debts 253.9 259.3 5.4 Other liabilities 186.
Slide 14: Consolidated Statements of Cash Flows
14 Consolidated Statements of Cash Flows － Financial Results for the 3rd Quarter FY12 － （Billion Yen） Item FY11 3Q FY12 3Q Income before tax and minority interests 18.8 A.Cash flows from operating activities 16.2 24.1 Depreciation and amortization 23.4 Working capital -7.0, Tax payment and others -1
Slide 15: FY12 Consolidated Forecasts
15 FY12 Consolidated Forecasts
Slide 16: Scope of Consolidation
16 Scope of Consolidation － FY12 Consolidated Forecasts － End of FY11 End of FY12 Change Item Notes (A) (B) （B) - （A) Number of Newly Included: 1 consolidated 67 67 0 Newly Excluded: 1 subsidiaries Number of Newly Included: 1 equity method 25 26 +1 Newly Excluded: None affiliates Total 92 93 +1
Slide 17: Material Price Environmental Factors
17 Environmental Factors － FY12 Consolidated Forecasts － （Billion Yen） Impacts on FY11 FY12 Change Item Consolidated OP Income (A) (B) (B) - (A) Exchange Rate Yen/$ 79.1 82.5 3.4 0.0 [90.0] (CIF) $/ｔ 965 958 -7 [950] 0.1 Naphtha (Domestic) Yen/KL 55,000 56,900 1,900 (-0.7) Material Price [61,400] Be
Slide 18: Major P/L & B/S Items
18 Major P/L & B/S Items － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Item (A) (B) (B) - (A) Sales 638.6 628.0 -10.6 Operating income 46.0 28.0 -18.0 Ordinary income 40.8 23.5 -17.3 Net income 22.9 5.5 -17.4 End of FY11 End of FY12 Change Item (A) (B) (B) - (A) Total assets 664.9 6
Slide 19: Operating Income – Net Income
19 Operating Income – Net Income － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Item (A) (B) (B) - (A) Operating income 46.0 28.0 -18.0 Non operating item -5.1 -4.5 0.6 Ordinary income 40.8 23.5 -17.3 Extraordinary item -3.2 -13.5 -10.3 Income before income tax and minority interest
Slide 20: Sales by Segment
20 Sales by Segment － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -4.7 Chemicals & Plastics 231.0 220.0 -11.0 Synthetic rubber -6.3 Specialty Chemicals & Specialty products -3.0 Products 64.3 63.0 -1.3 Fine chemicals 1.7 Phar
Slide 21: Operating Income by Segment
21 Operating Income by Segment － FY12 Consolidated Forecasts － （Billion Yen） FY11 FY12 Change Segment Major Factors (A) (B) (B) - (A) Caprolactam chain -15.4 Chemicals & Plastics 22.9 3.8 -19.1 Synthetic rubber -3.8 Specialty Chemicals & Specialty products -3.9 Products 5.4 1.2 -4.2 Fine chemicals -
Slide 22: Reference: FY12 Consolidated Forecasts, Net Sales
22 【Reference】 FY12 Consolidated Forecasts -Net Sales （Comparisons for forecasts at the beginning of the period, by segment）- （Billion Yen） Beginning Revised forecasts (A) forecasts (B) Change Segment Major Factors 10/15/2012 2/5/2013 Publication Publication (B) - (A) Caprolactam chain 0.4 Chemicals
Slide 23: Reference: FY12 Consolidated Forecasts, Operating Income
23 【Reference】 FY12 Consolidated Forecasts -Operating Income （Comparisons for forecasts at the beginning of the period, by segment）- （Billion Yen） Beginning Revised forecasts (A) forecasts (B) Change Segment Major Factors 10/15/2012 2/5/2013 Publication Publication (B) - (A) Caprolactam chain -1.5 C
Slide 24: Management Indices
24 Management Indices － FY12 Consolidated Forecasts － FY11 FY12 Change Item Computation Unit (A) (B) (B) - (A) Net debt Net D/E Ratio /Equity capital Times 1.1 1.0 -0.1 Equity capital Equity Ratio /Total assets % 30.0 30.2 0.2 Operating Income Operating margin /Sales % 7.2 4.5 -2.7 Business income R
Slide 25: Appendix
25 Appendix
Slide 26: Major Subsidiaries
26 Major Subsidiaries － Financial Results for the 3rd Quarter FY12 － （Billion Yen） Operating Sales income Subsidiaries and Affiliates Business change from FY12 3Q FY11 3Q UBE CHEMICALS (ASIA) PUBLIC CO., LTD Manufacture and sales of caprolactam and polyamide resin 32.1 ↓ UBE CHEMICAL EUROPE, S.A. Ma
Slide 27: Forward-looking statements disclaimer
27 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