Panasonic Holdings Corporation · TSE:6752

Panasonic — Q2 FY2021 Earnings Presentation

27 slides from Panasonic's earnings presentation, October 2020

Slide 1: Consolidated financial results for Q2 FY21
 This presentation gives Panasonic’s consolidated financial results for the second quarter of fiscal 2021 (FY21) ended September 30, 2020. Copyright (C) 2020 Panasonic Corporation All Rights Reserved.
Slide 2: Summary of Q2 FY21 consolidated results
 First, the summary of the consolidated financial results for the second quarter of FY21.  Overall 2Q sales decreased from the same period last year, similar to 1Q, although there was noticeable recovery from 1Q due to improvement mainly in Automotive and Appliances.  Profits in 2Q significantly
Slide 3: Consolidated financial results for Q2 FY21
 This shows the consolidated financial results for the second quarter of FY21.  Overall sales decreased to 1,667.3 billion yen, due to the deconsolidation impact as well as COVID-19 impact.  Adjusted operating profit increased due to steady progress in reducing fixed costs, despite the impact of
Slide 4: Sales analysis
 This slide shows our sales analysis.  Overall sales decreased by 286.0 billion yen (-15%). Excluding the effect of exchange rates and the deconsolidation impact, sales decreased by 153.8 billion yen (-8%).  Of which, the COVID-19 impact was a decrease factor of 150.0 billion yen. Approximately h
Slide 5: Sales trends after the spread of COVID-19
 Next, I will explain the sales trends after the spread of COVID-19.  The graph on the left shows the trend for Company-wide sales vs. FY20.  Company-wide COVID-19 impact expanded from April, 2020. However, sales recovered to above 90% in June and also, in 2Q.  The graph on the right shows the t
Slide 6: Operating profit analysis
 This slide shows our operating profit analysis.  Adjusted operating profit increased by 0.9 billion yen. This is due mainly to efforts in management structure enhancement which offset the COVID-19 impact.  Mid-term strategy initiatives of profitability improvement are showing steady progress fol
Slide 8: Major increase/decrease factors by segment
 This slide shows major increase/decrease factors by segment.  Sales decreased at all segments.  For adjusted operating profit, Life Solutions and Connected Solutions decreased, Appliances and Automotive turned to an increase this 2Q, and Industrial Solutions continued to increase following 1Q. 
Slide 9: Free cash flow
 Next, I will explain the situation of FCF.  In 1Q, FCF was negative 54.2 billion yen. However, in 2Q, FCF turned positive, and improved to a solid positive of 158.1 billion yen.  This is mainly contributed by operating cash flow turning significantly positive, with net profit turning positive, a
Slide 10: COVID-19 impact and key initiatives
 From the next slide, I will explain the situation of COVID-19 impact in FY21 and the progress in key initiatives in response to COVID-19. Copyright (C) 2020 Panasonic Corporation All Rights Reserved. 9
Slide 11: COVID-19 impact in FY21 versus initial assumption
 First, the situation of COVID-19 impact in FY21, mainly the changes from the initial assumption as of the 1Q results announcement.  As for the impact to sales, Company-wide results for 2Q were broadly in line with the initial assumption of 1Q, while there were some fluctuations depending on busin
Slide 12: Progress in key initiatives for FY21
 This slide shows the progress in key initiatives for FY21 explained at 1Q results announcement.  First, we made steady progress in management structure enhancement and improvement in profitability of automotive business, which was included in Mid-term strategy. We will accelerate our initiatives
Slide 13: Initiatives to capture business opportunities from COVID-19
 This slide shows examples of our initiatives to capture business opportunities arising from changes in society brought about by COVID-19.  Under COVID-19 circumstances, we expect: increasing demand related to public hygiene, air-conditioning and indoor air quality; expanding demand for investment

Panasonic Holdings — Q2 FY2021 Earnings Presentation on 6ix

Panasonic — Q2 FY2021 Earnings Presentation

Slide 1: Consolidated financial results for Q2 FY21

Slide 2: Summary of Q2 FY21 consolidated results

Slide 3: Consolidated financial results for Q2 FY21

Slide 4: Sales analysis

Slide 5: Sales trends after the spread of COVID-19

Slide 6: Operating profit analysis

Slide 7: Results by segment

Slide 8: Major increase/decrease factors by segment

Slide 9: Free cash flow

Slide 10: COVID-19 impact and key initiatives

Slide 11: COVID-19 impact in FY21 versus initial assumption

Slide 12: Progress in key initiatives for FY21

Slide 13: Initiatives to capture business opportunities from COVID-19

Slide 14: Thank you

Slide 15: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 16: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 17: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 18: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 19: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 20: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 21: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 22: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 23: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 24: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 25: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 26: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.

Slide 27: Copyright (C) 2020 Panasonic Corporation All Rights Reserved.