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FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co.,Ltd. · May 2, 2014 · 49 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 1
    Presentation on Results for FY 2013 Idemitsu Kosan Co., Ltd. May 2, 2014
  2. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 2
    Table of Contents 1. FY 2013 Financials (1) Overview (2) Segment Information 2. Forecast for FY 2014 Performance (1) Overview (2) Segment Information 3. Progress on the Fourth Medium-term Management Plan 4. Reference…
  3. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 3
    Crude Oil Price…
  4. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 4
    JPY/USD Exchange Rate (TTS)…
  5. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 5
    Overview
  6. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 6
    1. FY 2013 Financials
  7. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 7
    (1) Overview 1) Crude Oil / Exchange Rates (Units: /Bbl., /Ton, /) FY2012 FY2013 Change Crude Oil (DB FOB) 107.1 104.6 (2.5) (2.3%) Crude Oil (Brent) 111.6 108.7 (2.9) (2.6%) Naphtha Price (Customs) 965 939 (25) (2.6%) Exchange…
  8. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 8
    (2) Segment Information 1) Operating Income (Units: billions) FY2012 FY2013 Change Petroleum Products 72.9 18.9 (54.0) (74.0%) (Excluding inventory impact) 47.9 (22.1) (70.0) Petrochemical Products 17.1 36.5 19.4 113.4% (Excluding…
  9. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 9
    2 Segment Information 2) Factors Causing Changes in Operating Income (YoY) (Units: billions) Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 7
  10. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 10
    2. Forecast for FY 2014 Performance
  11. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 11
    (1) Overview 1) Crude Oil / Exchange Rates (Units: /Bbl., /Ton, /) FY2013 Actual FY2014 Forecast Difference Crude Oil (DB FOB) 104.6 105.0 0.4 0.4% Crude Oil (Brent) 108.7 108.0 (0.7) (0.6%) Naphtha Price (Customs) 939 932 (7)…
  12. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 12
    (2) Segment Information 1) Operating Income (Units: billions) FY2013 Actual FY2014 Forecast Difference Petroleum Products 18.9 44.0 25.1 132.5% (Excluding inventory impact) (22.1) 44.0 66.1 Petrochemical Products 36.5 15.0 (21.5)…
  13. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 13
    (2) Segment Information 2) Factors Causing Changes in Operating Income (YoY) (Units: billions) Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 10
  14. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 14
    (3) Basic policy on allocation of profits/dividends We consider the return of profits to shareholders as one of the most important management issues. We aim to provide stable dividends by achieving an optimal balance between…
  15. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 15
    3. Progress on the Fourth Medium-term Management Plan
  16. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 16
    3. Progress on the Fourth Medium-term Management Plan (1) Management Indicators FY2013 FY2014 Unit billion Medium-term Plan Actual Medium-term Plan Forecast Net Sales 4,550.0 5,035.0 4,460.0 5,140.0 Operating Income* 89.0 97.9…
  17. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 17
    3. Progress on the Fourth Medium-term Management Plan (2) Progress on Challenges Faced in Each Strategic Category 2013 Track Record up to FY 2013 2014 2014 Initiatives in FY 2014 Commenced construction for Nghi Son refinery…
  18. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 18
    3. Progress on the Fourth Medium-term Management Plan (3) Status of Streamlining Efforts (Units: billions) * Cost reduction targets and 5/2 FY2013 FY2014 (Reference) FY2015 progress vs. FY2012 Forecast Actual Forecast Target…
  19. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 19
    3. Progress on the Fourth Medium-term Management Plan (4) Investments (Units: billions) FY2013 FY2013-15 Medium-term Actual Plan Forecast Core 84.6 146.0 170.0 Resources 63.9 159.0 166.0 Strategic Functional Materials 9.2 35.0…
  20. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 20
    4. Reference Materials
  21. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 21
    Table of Contents 1. Financial Reporting 3. Sales and Production (1) FY 2013 Financials (vs. 2/4 forecasts) (1) Sales/Production Volume (2) Net Sales by Segment (2) Sales/Production Volume Forecast (3) Extraordinary Gains/Losses…
  22. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 22
    1. Financial Reporting (1) FY2013 Results (vs. 2/4 Forecasts) 1) Crude Oil / Exchange Rates (Units: /Bbl., /Ton, /) 2/4 Forecasts FY2013 Actual Difference Crude Oil (DB FOB) 104.7 104.6 (0.1) (0.1%) Crude Oil (Brent) 108.3 108.7 0.4…
  23. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 23
    1. Financial Reporting (1) FY2013 Results (vs. 2/4 Forecasts) 3) Operating Income by Segment (Units: billions) 2/4 Forecasts FY2013 Actual Difference Petroleum Products 31.0 18.9 (12.1) (39.0%) (Excluding inventory impact) (5.0)…
  24. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 24
    1. Financial Reporting (2) 1. FY2013 Net Sales by Segment (Units: billions) FY2012 Actual FY2013 Actual Change Petroleum Products 3,647.5 4,116.5 469.0 12.9% Petrochemical Products 528.4 675.1 146.8 27.8% Resources 162.3 193.6 31.3…
  25. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 25
    1. Financial Reporting (2) 2. FY2014 Net Sales Forecast by Segment (Units: billions) FY2013 Actual FY2014 Forecast Change Petroleum Products 4,116.5 4,200.0 83.5 2.0% Petrochemical Products 675.1 670.0 (5.1) (0.8%) Resources 193.6…
  26. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 26
    1. Financial Reporting (3) Extraordinary Gains/Losses (Units billions) FY2012 FY2013 Change Gain on Sale of Fixed Assets 1.4 1.2 (0.2) Gain on Sale of Investment Securities 2.8 2.8 Insurance Payment Received 20.5 20.5 Other 0.2…
  27. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 27
    1. Financial Reporting (4) Consolidated Balance Sheet (Units: billions) 3/31/2013 3/31/2014 Change 3/31/2013 3/31/2014 Change Cash and Deposits 116.8 161.5 44.7 Payables 405.3 438.6 33.3 Receivables 425.9 418.9 (7.0) Short-term…
  28. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 28
    1. Financial Reporting (5) Consolidated Statement of Cash Flows (Units: billions) FY2012 FY2013 Change CF from Operating Activities 50.8 50.1 (0.7) Net Income before Tax Adjustments 101.4 81.1 (20.3) Depreciation Expense 54.0…
  29. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 29
    2. Sensitivity (1) Impact of a US1/bbl. Increase in Crude Oil Prices on FY Earnings Increase in refinery Petroleum (0.4 billion) fuel costs, etc. Products Inventory impact 3.4 billion 3.0 billion Oil Exploration & Production 0.7…
  30. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 30
    3Sales and Production (1)1.Sales Volume (Domestic Fuel Oil Sales Volume: Non-consolidated) KL,% Units:Thousand KL,% FY 2012 FY 2013 Change Gasoline 8,563 8,496 (67) (0.8%) (Premium-Unleaded) 1,049 987 (62) (5.9%)…
  31. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 31
    3Sales and Production 12.Sales Volume (Petrochemical Products: Non-consolidated) tons, %) (Units:Thousand tons, %) FY 2012 FY 2013 Change Petrochemical Products-Total 2,810 3,248 437 15.6% (Basic Chemicals) 2,747 3,191 445 16.2%…
  32. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 32
    3Sales and Production 14.Oil Exploration & Production Production Volume (including Gas) d BOED Units:Thousand BOED FY 2012 FY 2013 Change Norway 22.3 24.3 2.0 9.1% United Kingdom 2.8 2.8 (0.0) (1.4%) Vietnam 0.4 0.4 (0.1) (17.2%)…
  33. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 33
    3Sales and Production 21.Sales Forecasts (Domestic Fuel Oil Sales Volume: Non-consolidated) KL,% Units:Thousand KL,% FY 2013 FY 2014(E) Difference Gasoline 8,496 8,350 (146) (1.7%) (Premium-Unleaded) 987 1,000 13 1.3%…
  34. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 34
    3Sales and Production 22.Sales Forecasts (Petrochemical Products: Non-consolidated) %) (Units:Thousand tons, % ) FY 2013 FY 2014(E) Difference Petrochemical Products-Total 3,248 3,280 32 1.0% (Basic Chemicals) 3,191 3,230 39 1.2%…
  35. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 35
    3Sales and Production 24.Oil Exploration & Production Production Volume Forecasts (including Gas) Units:Thousand BOED FY 2013 FY 2014(E) Difference Norway 24.3 27.0 2.7 11.3% United Kingdom 2.8 2.3 (0.5) (17.0%) Vietnam 0.4 0.6…
  36. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 36
    4Foreign Exchange 1USD Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 31
  37. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 37
    4Foreign Exchange 2Norwegian Krone Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 32
  38. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 38
    4Foreign Exchange 3Norwegian Krone Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 33
  39. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 39
    4Foreign Exchange 4Australian Dollar Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 34
  40. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 40
    4Foreign Exchange 5Australian Dollar Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 35
  41. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 41
    5Market Conditions 1Crude Oil Prices (Dubai and Brent) Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 36
  42. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 42
    5Market Conditions 2Gasoline, Crude Oil CIF (Prices and Spreads) Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 37
  43. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 43
    5Market Conditions 3Diesel Oil Crude Oil CIF (Prices and Spreads) Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 38
  44. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 44
    5Market Conditions 4Paraxylene, Naptha (Prices and Spreads) Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 39
  45. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 45
    5Market Conditions 5Styrene Monomer, Naptha (Prices and Spreads) Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 40
  46. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 46
    6Capacity Utilization at Refineries Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 41
  47. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 47
    7Number of Service Stations Copyright2014 Idemitsu Kosan Co., Ltd. All Rights Reserved. 42
  48. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 48
    Precaution statement about forecasts Any information about forecasts for the Companys operating results, management strategy and management policy contained in this documents other than historical facts is prepared, according to…
  49. FULL YEAR 2013 RESULTS – Idemitsu Kosan Co.,Ltd. – slide 49

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