Slide 1: Financial Results for the First Quarter Ended June 30, 2021
Financial Results for the First Quarter Ended June 30, 2021 (Reference) Caution regarding Forward-looking Statements This document contains forward-looking statements based on information available to the company at the time of disclosure and certain assumptions that management believes to be reason
Slide 2: Index
Index 1. Financial Results for the First Quarter and Full Year Forecast of Fiscal Year Ending March 31, 2022 2. Dividends 【Supplemental Data】 Ⅰ. Segment Information Ⅱ. Summary of Financial Results Copyright © Sojitz Corporation 2021 2
Slide 3: Financial Results for the First Quarter and Full Year Forecast
1. Financial Results for the First Quarter and Full Year Forecast of Fiscal Year Ending March 31, 2022 Copyright © Sojitz Corporation 2021 3
Slide 4: Summary of Financial Results for the First Quarter Ended June 30, 2021
Summary of Financial Results for the First Quarter Ended June 30, 2021 ◼ Three-month performance representing progress of 32% toward full- year forecast for profit for the year due to recovery from COVID-19 pandemic impacts, despite disparity in progress by segment ◼ Full-fledged commencement of new
Slide 5: Summary of Profit or Loss
Summary of Profit or Loss FY2020 FY2021 FY2021 Difference Achieved 1Q Results 1Q Results Forecast (Billions of Yen) Revenue 349.3 492.8 143.5 - - Gross profit 39.0 56.4 17.4 220.0 26% Selling, general and administrative expenses (38.8) (41.8) (3.0) (178.0) - Share of profit (loss) of investments acc
Slide 6: Summary of Profit or Loss: Profit for the period by segment
Summary of Profit or Loss Profit for the period by segment Profit for the period (attributable to owners of the Company) by segment Main Factors Behind Difference (Billions of Yen) 20.0 ■ Automotive \1.1 billion (up \2.9 billion YoY) Increased due to higher sales volumes in overseas automobile trans
Slide 7: FY2021 Forecast Profit for the Year by Segment
FY2021 Forecast Profit for the Year by Segment FY2021 FY2021 Progress Overview (Billions of Yen) 1Q Results Forecast ■ Automotive ■ Automotive 1.1 5.0 Performance expected to be generally as forecast, while the effects of semiconductor shortage need monitoring ■ Aerospace & 0.1 4.5 ■ Aerospace & Tra
Slide 8: Summary of Balance Sheets
Summary of Balance Sheets Changes in Total Equity (End of Mar. 2021 vs. End of June. 2021, Breakdown) End of End of FY2021 ⚫ Profit for the period attributable to Difference Mar. 2021 June. 2021 Forecast owners of the Company ¥ 16.9billion (Billions of Yen) ⚫ Dividends paid ¥(6.0) billion ⚫ Acquisit
Slide 9: Cash Flow Management
Cash Flow Management Maintain positive six-year aggregate core cash flow during MTP2023* *MTP2023:Referred to as Medium-term Management Plan 2023 MTP 2020 MTP 2023 FY2021 1Q 3-year cumulative results 3-year cumulative forecast Results (FY2018–FY2020) (FY2021–FY2023) Core operating ¥219.0 bn ¥27.0 bn
Slide 10: Summary of Free Cash Flows
Summary of Free Cash Flows (Billions of Yen) Operating Cash Flow Investing Cash Flow FCF Core Cash Flow 150.0 96.5 100.0 85.0 63.1 49.3 50.0 40.5 54.3 4.8 0.0 (8.0) (11.1) 1.3 (18.8) (50.0) (42.2) (35.7) (35.7) (42.5) (61.3) (100.0) FY2018 FY2019 FY2020 FY2021 1Q ※Core cash flow = Core operating cas
Slide 11: Investments and Asset Replacement
Investments and Asset Replacement Investments Total ¥28.0bn ◼ Fired IPP and Desalination Infrastructure & Project in Middle East Healthcare ¥11.0bn ◼ Renewable energy businesses in Australia and the U.S. ◼ EV Infrastructure Businesses etc. Growth market × ◼ Domestic shopping malls Investment Market-
Slide 12: Major One-time Gain/Loss
Major One-time Gain/Loss FY2020 1Q Results FY2021 1Q Results ¥0.5 ¥(0.1) Non-Resource ー ー bn bn ¥0.8 ー Resource ・Sales of oil interests ー bn etc. Total (After income tax expenses) ¥1.3bn ¥(0.1)bn Copyright © Sojitz Corporation 2021 12
Slide 13: Breakdown of Resource and Non-Resource Profit
Breakdown of Resource and Non-Resource Profit FY2020 FY2021 FY2018 FY2019 FY2020 1Q 1Q Difference Results Results Results Results Results (Billions of yen) A. Profit for the year (attributable to 2.4 16.9 +14.5 70.4 60.8 27.0 Owners of the Company) (B. Total one-time income movements) 1.3 (0.1) (1.4
Slide 14: Commodity Prices, Foreign Exchange, and Interest Rate
Commodity Prices, Foreign Exchange, and Interest Rate FY2020 FY2021 FY2021 Latest Date Results Assumptions Results (As of July 28, 2021) (Apr.-Jun. Avg.) (Annual Avg.) (Apr.-Jun. Avg.) (Billions of Yen) Coking Coal*1 US$119.0/t US$127.5/t US$139.1/t US$216.0/t Thermal Coal*1 US$54.4/t US$80.0/t US$1
Slide 15: Dividends
2. Dividends Copyright © Sojitz Corporation 2021 15
Slide 16: Dividend Policy
Dividend Policy ◼ Sojitz recognizes that paying stable and continuous dividends is a management priority, together with enhancing shareholder value through the accumulation and effective use of retained earnings. ◼ Our basic policy will be to target a consolidated payout ratio of about 30%. ◼ Lower
Slide 17: Stock Price, PBR trend
Stock Price, PBR trend Sojitz stock price (Yen) TOPIX (pt) 1.7 400 1.7 2,500 1.6 Announcement of MTP2023 1.6 Sojitz(Right 双日（右軸) axis) TOPIX(left axis) TOPIX（左軸) （as of the end of Dec. 2020) （as of the end of Jun. 2021) 1.5 1.5 Sojitz TOPIX Sojitz TOPIX 1.4 Stock price 230 1,804.7 Stock Price 335 1,
Slide 18: Supplemental Data: Segment Information
【Supplemental Data】 Ⅰ. Segment Information *Figures for gross profit, SG&A expenses, share of profit of investments accounted for using the equity method, and profit for the period for the third-month period ended June 30, 2020, and for total assets for the year ended March 31, 2021, have been resta
Slide 19: Automotive
Automotive FY2021 1Q Summary Vehicle Sales (Billions of Yen) Dealership Business Distributor Business FY2020 1Q FY2021 1Q Main Factors Behind Difference Difference Results Results （unit） （unit） 【 Profit for the period 】 Gross profit 4.4 10.0 5.6 Increased due to higher sales Selling, general and vol
Slide 20: Aerospace & Transportation Project
Aerospace & Transportation Project FY2021 1Q Summary Railway Business in North America (Billions of Yen) FY2020 1Q FY2021 1Q Main Factors Behind Difference Difference Results Results Gross profit 2.1 2.7 0.6 【 Profit for the period 】 Recovery of shipping market conditions Selling, general and (2.1)
Slide 21: Infrastructure & Healthcare
Infrastructure & Healthcare FY2021 1Q Summary Infrastructure-related initiative (Billions of Yen) FY2020 1Q FY2021 1Q Start of construction of Edenvale Solar Park in Australia Difference Main Factors Behind Difference Results Results Gross profit 3.6 4.2 0.6 【 Profit for the period 】 ◼ Among largest
Slide 22: Change in Net Power-Generation Capacity
Charge in Net Power-Generation Capacity （MW) Biomass Wind power Solar Power Gas Fuel oil 8% 2,500 Contract 2,000 Forms 1,500 92% 1,000 Long-term contract Spot contract ※As of June 30, 2021 500 9% 4% 0 2017 2018 2019 2020 2021 2022 2023 Results and Forecast of Net Power-Generation Capacity (持分発電容量実績・
Slide 23: Metals, Mineral Resources & Recycling
Metals, Mineral Resources & Recycling FY2021 1Q Summary Change in Coal Sales Volume (Billions of Yen) (10,000 ton) FY2020 1Q FY2021 1Q Main Factors Behind Difference 1,000 Difference Results Results 【 Profit for the period 】 Gross profit 2.9 5.5 2.6 Increased due to higher profit from Selling, gener
Slide 24: Metals & Mineral Resources Year on Year Main Factors Behind Difference
Metals & Mineral Resources Year on Year Main Factors Behind Difference （billions of Yen） 6.0 +0.2 Impact of commodity prices Approx.¥+2.0bn included +4.5 +0.2 Steel-related Others Industrial Coal-related +1.5 Minerals- Metal One related +4.3 SDPL +1.4 Carbon products Ferroalloys etc. ±0 FY2021 And n
Slide 25: Chemicals
Chemicals FY2021 1Q Summary Sales Volume for Methanol (Billions of Yen) ◼ Massive growth in sales volume due to February 2017 acquisition of solvadis deutschland gmbh development FY2020 1Q FY2021 1Q Difference Main Factors Behind (10,000 ton) of stable earnings foundations by leveraging strengths Re
Slide 26: Consumer Industry & Agriculture Business
Consumer Industry & Agriculture Business FY2021 1Q Summary Profit of overseas fertilizers business (Billions of Yen) ◼ Development of stable earnings foundations by leveraging strength FY2020 1Q FY2021 1Q Difference Main Factors Behind Difference of top-class market shares in Thailand, the Philippin
Slide 27: Retail & Consumer Service
Retail & Consumer Service FY2021 1Q Summary Investment in Royal HD (Billions of Yen) FY2020 1Q FY2021 1Q Main Factors Behind Difference Difference Results Results 【 Profit for the period 】 Gross profit 6.3 7.3 1.0 Increased due to higher sales volumes in food- Selling, general and related company (5
Slide 28: Others
Others Major Subsidiaries and Associates Organizational Reforms (effective as of April 1, 2021) ◼ Effective April 1, 2021, four machinery-related subsidiaries— (Billions of Yen) Sojitz Machinery Corporation, Sojitz Autrans Corporation, e- Energy Corporation, and Sojitz Marine & Engineering Equity FY
Slide 29: Supplemental Data: Summary of Financial Results
【Supplemental Data】 Ⅱ. Summary of Financial Results Copyright © Sojitz Corporation 2021 29
Slide 30: Summary of Profit or Loss (Results)
Summary of Profit or Loss (Results) FY2021 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 (Billions of Yen) 1Q Net sales 4,014.6 4,321.7 3,934.5 4,046.6 4,105.3 4,006.6 3,745.5 4,209.1 ー ー ー ー (JGAAP) Revenue ー 2,006.6 1,747.8 1,803.1 1,809.7 1,658.1 1,555.3 1,816.5 1,8
Slide 31: Summary of Balance Sheets (Results)
Summary of Balance Sheets (Results) End of End of End of End of End of End of End of End of End of End of End of End of Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Jun. (Billions of Yen) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2021 Total assets 2,117.0 2,190.7 2,150.1 2,220
Slide 32: Summary of Cash Flow (Results)
Summary of Cash Flow (Results) End of End of End of End of End of End of End of End of End of End of End of End of Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Jun. (Billions of Yen) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2021 Core cash flow ー ー ー ー ー 18.3 5.5 (56.7) 63.1 1
Slide 33: Summary of Profit or Loss
Summary of Profit or Loss (Billions of Yen) 3.0% 80.0 3.0% Profit for the Year(Attributable to owners of the Company) 2.7% 70.0 ROA 2.5% 70.4 60.0 60.8 1.9% 56.8 2.0% 50.0 1.7% 1.5% 40.0 40.8 36.5 1.2% 30.0 33.1 1.0% 27.0 20.0 10.0 0.0 0.0% FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Results Re
Slide 34: Summary of Balance Sheets
Summary of Balance Sheets (Billions of Yen) (Times) Net Interest-Bearing Debt Total Equity Net DER 700.0 1.5 629.6 611.1 603.5 618.2 613.2 610.6 619.0 571.6 586.4 584.7 579.1 600.0 550.9 550.5 520.3 500.0 1.1 1.1 1.1 1.0 1.1 1.0 1.0 400.0 1.0 300.0 0.5 200.0 100.0 0.0 0.0 End of End of End of End of
Slide 35: Summary of Cash Flow
Summary of Cash Flow (Billions of Yen) Cash flows from operating activities Cash flows from investing activities Free cash flow Core cash flow 150.0 99.9 98.8 96.5 100.0 85.0 63.1 66.0 54.3 50.0 39.1 40.5 49.3 25.3 18.3 0.9 5.5 12.4 4.8 0.0 1.3 (8.0) (13.8) (31.3) (33.9) (32.2) (35.7) (35.7) (50.0)
Slide 36: Copyright © Sojitz Corporation 2021
Copyright © Sojitz Corporation 2021 36