Panasonic Holdings Corporation · TSE:6752
Panasonic — Investor Day (May 2023)
26 slides from Panasonic's investor day presentation, May 18, 2023
Slide 1: Group Strategy Briefing
Group Strategy Briefing Yuki Kusumi, Group CEO Panasonic Holdings Corporation May 18, 2023 Notes: 1. This is an English translation from the original presentation in Japanese. 2. In this presentation, “Fiscal 2023” or “FY3/23” refers to the year ended March 31, 2023. In addition, “Fiscal 2024” or “F
Slide 2: Looking Back over Two Years of Enhancing Competitiveness
Looking Back over Two Years of Enhancing Competitiveness 1 © 2023 Panasonic Holdings Corporation
Slide 3: Panasonic Group's Mission & Aim of 2-year Period to Enhance Competitiveness
Panasonic Group’s Mission & Aim of 2-year Period to Enhance Competitiveness 250-year plan (announced in 1932） Panasonic - To achieve “An ideal society with affluence both in matter and mind” Group’s in 250 years mission - This mission will be passed down from generation to generation with ten 25-yea
Slide 4: Group's long-term environmental vision toward achieving our mission
GX: Group’s long-term environmental vision toward achieving our mission Target - Toward 2050 Create an impact that reduces CO2 emissions by more than 300 Mt, equivalent to “approximately 1% of the current global emissions” （❶+❷+❸） Target for CY２０５０ Milestone ❶ OWN IMPACT 110 Mt Emission reduction in
Slide 5: GX: Promotion for CO2 Avoided Emissions
GX: Promotion for “CO2 Avoided Emissions” Continue to engage in promotion activities so that value of CO2 Avoided Emissions is adopted internationally Understanding of CO2 Avoided Emissions CO2 Emissions (Ref: WBCSD guidance, published in March 2023) Difference = - An avoided emission is the differe
Slide 6: Enhance Operational Capability
Enhance Operational Capability Operational Frontlines Innovations: More frontlines with progress in constant kaizen activities - Improved productivity by constantly reaching record-high KPIs, setting high targets at each operating company’s leading worksites (e.g. Tsuruga Factory, Panasonic Automoti
Slide 7: 2 Years of Competitiveness Enhancement: FY3/23 Financial Results
2 Years of Competitiveness Enhancement: FY3/23 Financial Results During 2 years of efforts to enhance competitiveness, we have not yet reached the level to withstand several external factors* FY3/23 financial results Quarterly adjusted OP (YoY) trend & factors １Q 2Q 3Q 4Q Full-year (yen: billions) F
Slide 8: Shift to Growth Phase
Shift to Growth Phase Elevate competitiveness to the next level: from “competitiveness-enhancement stage” to “growth stage” Accelerate transformation toward achieving our mission by further clarifying our vision - Clarify priority investment area - Orchestrate Group’s comprehensive strengths based o
Slide 9: Group Strategy
Group Strategy 8 © 2023 Panasonic Holdings Corporation
Slide 10: Panasonic Group Vision
Panasonic Group Vision An ideal society with affluence both in matter and mind Environment/ Urbanization Demographics Changes in Technological Pandemic Geopolitics Global warming consumption innovation Waste issues Use of Loss of surplus time Diversification biodiversity Extension of of needs Deplet
Slide 11: Groupwide common strategy: Environment
Groupwide common strategy: Environment (Global warming prevention, circularity of natural resources) Achieve both “Solving global environment issues” and “Making the Group grow” through achieving - Increase CO2 Avoided Emissions as the Group - Use of knowledge and technologies in electrification, en
Slide 12: Priority investment area: Automotive batteries
Priority investment area: Automotive batteries Market growth Expanding EV market globally backed by strong demand in potential electrification of mobility Rapid growth of EV market in North America (Number of EVs) - 35% CAGR (CY21-30) Rapid expansion outlook - US Government supports establishment of
Slide 13: Priority investment area: Automotive batteries
Priority investment area: Automotive batteries Competitive As a pioneer in development of battery technology, continue Advantage to lead lithium-ion battery industry with higher-capacity and (Technology) less-use of rare metals Evolution in energy density Volume energy density （Ｗh/Ｌ） 1,000 Ｗh/Ｌ - Ov
Slide 14: Priority investment area: Automotive batteries
Priority investment area: Automotive batteries Competitive • First company to establish large battery factory (No.1*) in Advantage North America with stable operation and stable supply (Productivity) • Leverage refined operational capability within the US Greater operational capability at Nevada * C
Slide 15: Priority investment area: Automotive batteries
Priority investment area: Automotive batteries Competitive • Enhance R&D structure with consolidation of research & technology Advantage (Technology/Production) development sites • Accelerate growth of automotive battery business as the Group Suminoe site (plan for 2024) Kadoma site (plan for 2025)
Slide 16: Priority investment area: Automotive batteries
Priority investment area: Automotive batteries Contribution to • Contribute to expansion of EV market in North America Environment • Play major role in Establishment of low CFP (Carbon Footprint) in Resource extraction, raw material Battery the supply chain processing, logistics, etc. manufacturing
Slide 17: Priority investment area: Automotive batteries
Priority investment area: Automotive batteries • Expected to widen customer base through recognition of Business our competitive advantage Expansions • Move to the full-fledged growth phase backed by 200 GWh preparation of capacity expansion Future factories Further expansion of production capabilit
Slide 18: Investment area: Air quality & air-conditioning
Investment area: Air quality & air-conditioning Expand Air-to-Water*1 & chiller businesses in Europe (a leading market in addressing climate change) - Refrigerant control technology: Competitive excellent performance in cold temperature areas Advantage - IoT remote monitoring: Detect & predict malfu
Slide 19: Investment area: Supply Chain Management Software
Investment area: Supply Chain Management Software Contributing to reducing environment impact & solving labor shortages by eliminating any wastefulness and stagnation in supply chain - Leading end-to-end solution for manufacturing, logistics and retail Competitive - Supply total optimal solutions wi
Slide 20: Groupwide common strategy: Lifestyle (health, safety, comfort)
Groupwide common strategy: Lifestyle (health, safety, comfort) • Respond to societal changes such as “longer life expectancy,” and “diversified needs” • Make contributions to each customer’s life-long health, safety, and comfort - Aim to become a “Lifestyle Solutions Provider” that can propose value
Slide 21: Business Portfolio
Business Portfolio To continue creating contributions to society & customers into the future, we set 2 types of criteria for our business portfolio (1) Relevance with Groupwide common strategy - Environment: Contributions to reduction of CO2 emissions in the society / Contributions to saving resourc
Slide 22: Sales Composition Ratio (FY3/2023 FY3/2031)
Sales Composition Ratio (FY3/2023 FY3/2031) FY3/23 FY3/31 Expand businesses that contribute to solving global environmental issues 21 © 2023 Panasonic Holdings Corporation
Slide 23: Financial Strategy
Financial Strategy 22 © 2023 Panasonic Holdings Corporation
Slide 24: Capital Allocation Policy (FY3/23 – FY3/25)
Capital Allocation Policy (FY3/23 – FY3/25) In principle, investments, dividends, etc. to be managed within the cash generated through businesses CF generation CF allocation Financial discipline Dividends 0.3 tr. yen - Net Debt/EBITDA ratio: approx. 1.0 times (FY3/23 results: 0.8 times) - Strengthen
Slide 25: Panasonic Group
Panasonic Group
Slide 26: Disclaimer Regarding Forward-looking Statements
Disclaimer Regarding Forward-looking Statements This presentation includes forward-looking statements about Panasonic Holdings Corporation (Panasonic HD) and its Group companies (the Panasonic Group). To the extent that statements in this presentation do not relate to historical or current facts, th