Slide 1: Presentation Materials for Financial Results for the Year Ended March 31, 2024
Presentation Materials for Financial Results for the Year Ended March 31, 2024 [IFRS] May 1, 2024 Sojitz Corporation Copyright Copyright © © Sojitz Sojitz Corporation Corporation 2023 2024
Slide 2: Index
Index 1. Financial Results for the Year Ended March 31, 2024 and Full Year Forecast of Fiscal Year Ending March 31, 2025 [IFRS] 2. Segment Information 3. Supplemental Information Copyright © Sojitz Corporation 2024 2
Slide 3: Financial Results for FY23 and Full Year Forecast for FY24
INDEX｜1 Financial Results for the Year Ended March 31, 2024 and Full Year Forecast of Fiscal Year Ending March 31, 2025 [IFRS]
Slide 4: FY23 Summary
INDEX ｜1 FY23 Summary Profit for the year of ¥100.8bn in FY23, achieved full-year forecast of ¥100.0 bn by 101%; Generation of profits accompanied by cash with solid core operating cash flow PBR of over 1.0 times achieved on March 21, 2024; PBR of 0.94 times on March 31, 2024; PBR consistently a
Slide 5: Summary of Profit or Loss
INDEX ｜1 Summary of Profit or Loss FY23 FY24 FY22 FY23 Difference Main Factors Forecast Achieved Difference (Feb. 2, 2024) Forecast (BN JPY） Metals, Mineral Resources & Recycling (161.5), Revenue 2,479.8 2,414.6 (65.2) Chemicals (76.5) ,Retail & Consumer service +117.7, - - - - Automotive +104.9 Met
Slide 6: Summary of Balance Sheet – 1
INDEX ｜1 Summary of Balance Sheet – 1. Mar. 31, Mar. 31, Difference （BN JPY） 2023 2024 Main Factors Assets(current/non-current) 2,660.8 2,886.9 +226.1 Trade and other receivables Increased due to acquisition of new consolidated subsidiaries, etc. Cash and cash equivalents 247.3 196.3 (51.0) Goodwi
Slide 7: Summary of Balance Sheet – 2
INDEX ｜1 Summary of Balance Sheet – 2. FY23 Mar. 31, Mar. 31, FY24 Difference Forecast Difference 2023 2024 Forecast （BN JPY） (Feb. 2, 2024) Total Assets 2,660.8 2,886.9 +226.1 2,800.0 3,100.0 +213.1 Total Equity 837.7 924.1 +86.4 920.0 960.0 +35.9 Shareholder Equity 699.0 724.9 +25.9 - - - Equity R
Slide 8: Summary of Cash Flow
INDEX ｜1 Summary of Cash Flow FY22 FY23 Difference Main Factors （BN JPY） CF from operating activities 171.6 112.2 (59.4) CF from operating activities Inflows from business earnings Dividend received from Equity-method associates CF from investing activities 29.2 12.4 (16.8) FY22 :¥31.0bn FY23：¥3
Slide 9: Cash Flow Management
INDEX ｜1 Cash Flow Management Significant increase in cash outflows resulted from new investments for further growth and expanded shareholders returns. On the other hand, strong profit growth accompanied by effective cash management and continuous asset replacements led to a substantial positive c
Slide 10: Investments and Asset Replacement
INDEX ｜1 Investments and Asset Replacement Total Investments ¥206.0bn ● Energy conservation business in Australia and U.S. Infrastructure & Healthcare ¥66.5bn ● LNG business in Australia ● Off-shore wind power generation in Taiwan etc. ● Fertilizer related business Growth market × ● Commercial food
Slide 11: Summary of Gross Profit by Segment
INDEX ｜1 Summary of Gross Profit by Segment (BN JPY) 337.6 FY23 Forecast 326.0 FY22 FY23 Difference Achieved (Feb. 2, 2024) （BN JPY） 55.4 60.2 Automotive 55.4 60.2 +4.8 57.0 106% 19.0 19.3 Aerospace & Transportaion Project 19.0 19.3 +0.3 22.0 88% 28.2 33.4 Infrastructure & Healthcare 28.2 33.4 +5.2
Slide 12: Summary of Profit by Segment
INDEX ｜1 Summary of Profit by Segment (BN JPY) 111.2 FY22 FY23 Difference Main Factors 6.0 （BN JPY） Lower profit due to sluggish performance in the automotive 7.0 100.8 Automotive 6.0 2.3 (3.7) sales business in the Philippines and withdrawal from Thai 7.6 2.3 distributorship business 4.3 Aerospace
Slide 13: FY24 Forecast Gross Profit and Profit for the Year by Segment
INDEX ｜1 FY24 Forecast Gross Profit and Profit for the Year by Segment Gross Profit Profit for the Year FY24 FY24 FY23 FY23 Outlook Forecast Forecast （BN JPY） Profit to increase due to earnings contributions from investments conducted Automotive 60.2 75.0 2.3 7.0 under previous medium-term managemen
Slide 14: Cash Return on Investment Capital (CROIC) by Segment
INDEX ｜1 Cash Return on Investment Capital (CROIC) by Segment Value Creation Avg. CROIC FY23 Over MTP2023 Guideline Figures of MTP2023 • The three-year average for earnings contributions from existing businesses surpasses the value creation guideline figure. Automotive 5.5% 8.0% 7.0% • Division CROI
Slide 15: Shareholder Returns Policy
INDEX ｜1 Shareholder Returns Policy In MTP 2023, we executed significant share buybacks driven by a substantial upside in underlying core operating cash flow. Maintaining a baseline consolidated dividend payout ratio of 30%, while achieving annual dividend increases. Dividend payments of ¥135 pe
Slide 16: Commodity Prices, Foreign Exchange, and Interest Rate
INDEX ｜1 Commodity Prices, Foreign Exchange, and Interest Rate MTP2026 Period FY22 Results FY23 Results FY24 Assumption Latest data Assumption (Annual Avg.) (Annual Avg.) (Annual Avg.) （As of Apr. 24, 2024） (3-year Avg.) Coking coal *1 US$328/t US$287/t US$230/t US$230/t US$240/t Thermal coal *1 US$
Slide 17: Appendix
Appendix
Slide 18: Changes in Business Portfolio (Resource and Non-Resource Businesses)
Appen di x ｜ Changes in business Portfolio（Resource and Non-Resource businesses） Reinforcement of reliable earnings foundations through investments focused on non-resource businesses (BN JPY) Resource business Non-resource business 133.3 Percentage of total attributable to resourcebusinesses Total
Slide 19: Stock Price, PBR Trend, and Credit Ratings
Appen di x ｜ Stock Price, PBR Trend, and Credit Ratings Sojitz stock price outperforming TOPIX Improvement in ratings from S&P and JCR in FY2023 in reflection of Sojitz’s ability to maintain financial health and increase earnings level （21/4/1） （24/3/29） Total Equity 自己資本（億円） NET DER ネットDER（倍） A
Slide 20: Evaluation by Society
Appen di x ｜ Evaluation by Society ESG Evaluation The 1st Place in General Trading Firms The 2nd Time From 2010 Highest Prize Leadership “A- score” The 5th Time The 1st time Health and productivity Sojitz was awarded Platinum Stock Selection granted Kurumin Plus certification to top enterprises ESG
Slide 21: Segment Information
INDEX｜2 Segment Information Note: Based on organizational changes, figures for Aerospace, Transportation & Infrastructure, Energy Solution & Healthcare and Other segments have been arrived at through a simple conversion of figures for the previous organizational structure to reflect the new organiza
Slide 22: Automotive
INDEX ｜2 Automotive Summary Vehicle Sales (Profit for the year) FY23 Results: ¥2.3bn Dealership Business FY23 FY24 Difference (BN JPY） (Achieved 77% towards forecast of ¥3.0bn) （Unit） Lower profit due to withdrawal from Thai distributorship business Gross profit 55.4 60.2 +4.8 Japan, Asia & Oceani
Slide 23: Automotive
INDEX ｜2 Automotive Main Subsidiaries and Associates (Excluding one-time factors) FY2022 FY2023 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description (BN JPY) Sales of automobiles by Region Japan, Australia, the Phillipines, Pakistan -Japan and Asia Pacific 0.7 1.3 0.6 (0.1) 2.5 (0.2)
Slide 24: Aerospace & Transportation Project
INDEX ｜2 Aerospace & Transportation Project Summary Business Jet charter sales (Profit for the year) （Operations） FY23 FY24 Difference FY23 Results: ¥4.3bn (BN JPY） (Achieved 86% towards forecast of ¥5.0bn) 200 Lower profit, despite fourth- Gross profit 19.0 19.3 +0.3 quarter gain on sales of ship
Slide 25: Aerospace & Transportation Project
INDEX ｜2 Aerospace & Transportation Project Main Subsidiaries and Associates (Excluding one-time factors) FY2022 FY2023 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description （BN JPY） ownership Period Aircraft, Marine vessel asset Aircraft sales representative, Aircraf
Slide 26: Infrastructure & Healthcare
INDEX ｜2 Infrastructure & Healthcare Summary Net Power-Generation Capacity (Profit for the year) （MW） FY23 FY24 Difference FY23 Results: ¥15.9bn (BN JPY） (Achieved 99% towards forecast of ¥16.0bn) 2,000 Fuel oil Gas Solar power Wind power Biomass Higher profit due to earnings Gross profit 28.2 33.
Slide 27: Infrastructure & Healthcare
INDEX ｜2 Infrastructure & Healthcare Main Subsidiaries and Associates (Excluding one-time factors) FY2022 FY2023 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description （BN JPY） ownership Period Energy related, Natural gas-fired power plant business LNG project and inve
Slide 28: Metals, Mineral Resources & Recycling
INDEX ｜2 Metals, Mineral Resources & Recycling Summary Change in Coal Sales Volume (Profit for the year) （10,000 ton） FY23 FY24 Difference FY23 Results: ¥43.5bn (BN JPY） (Achieved 109% towards forecast of ¥40.0bn) 1,000 Thermal Coal Coking Coal PCI Coal Decreased due to decline of market Gross pro
Slide 29: Metals, Mineral Resources & Recycling
INDEX ｜2 Metals, Mineral Resources & Recycling Main Subsidiaries and Associates (Excluding one-time factors) FY2022 FY2023 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description （BN JPY） ownership Period Sojitz Development Pty. Ltd. 100% 19.4 9.6 7.9 7.3 44.2 4.8 3.7 5
Slide 30: Chemicals
INDEX ｜2 Chemicals Summary Sales Volume for Methanol (Profit for the year) FY23 FY24 Difference FY23 Results: ¥14.8bn （10,000 t） (BN JPY） (Achieved 106% towards forecast of ¥14.0bn) 230 190 180 190 180 190 190 Strong performance in non- 170 Gross profit 62.5 59.7 (2.8) consolidated trading busines
Slide 31: Chemicals
INDEX ｜2 Chemicals Main Subsidiaries and Associates (Excluding one-time factors) FY2022 FY2023 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description （BN JPY） ownership Period Manufacture and sale of PT. Kaltim Methanol Industri 85% 1.5 2.2 1.3 0.9 5.9 1.4 1.5 1.7 0.1
Slide 32: Consumer Industry & Agriculture Business
INDEX ｜2 Consumer Industry & Agriculture Business Summary Profit of Overseas Fertilizers Business (Profit for the year) Development of stable earnings foundations by leveraging strength of top-class market shares in Southeast Asia FY23 FY24 Difference FY23 Results: ¥7.5bn (Achieved 107% towards for
Slide 33: Consumer Industry & Agriculture Business
INDEX ｜2 Consumer Industry & Agriculture Business Main Subsidiaries and Associates (Excluding one-time factors) FY2022 FY2023 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description （BN JPY） ownership Period Fertilizer related business -Thai Central Chemical Public Manu
Slide 34: Retail & Consumer Service
INDEX ｜2 Retail & Consumer Service Summary (Profit for the year) FY23 FY24 Difference FY23 Results: ¥13.1bn (BN JPY） (Achieved 101% towards forecast of ¥13.0bn) Increased due to recovery in Gross profit 45.1 57.3 +12.2 domestic retail business, earnings contribution from new investment in overseas
Slide 35: Retail & Consumer Service
INDEX ｜2 Retail & Consumer Service Main Subsidiaries and Associates (Excluding one-time factors) FY2022 FY2023 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description （BN JPY） ownership Period Manufacturing and distribution of foods, Retail related business － (0.4) (0.1
Slide 36: Supplemental Information
補足資料｜3 INDEX｜3 Supplemental Information
Slide 37: Balance Sheet and Cash Flow Management
INDEX｜3 Balance Sheet and Cash Flow Management （BN JPY） CASH IN CASH OUT Core CF Total Total Total 664.0 Core operationg Asset replacement (580.0) 84.0 cash flow New investments Shareholder return 39.0 Automotive (59.0) (20.0) 32.0 Aerospace & Transportation Project (36.0) (5.0) 100.0 Infrastructure
Slide 38: PL Summary
INDEX｜3 PL Summary FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 (BN JPY) Net sales 4,105.3 4,006.6 3,745.5 4,209.1 ー ー ー ー ー ー (JGAAP) Revenue 1,809.7 1,658.1 1,555.3 1,816.5 1,856.2 1,754.8 1,602.5 2,100.8 2,479.8 2,414.6 Gross profit 197.7 180.7 200.7 232.4 241.0 220.5 188.1 271.3 337.6 326.0
Slide 39: PL Summary
INDEX｜3 PL Summary (BN JPY) （％） Profit for the year ROA 4.2 111.2 3.6 3.3 100.8 3.0 2.7 82.3 2.5 70.4 1.9 60.8 0.0 56.8 0.0 40.8 1.2 36.5 33.1 27.0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Copyright © Sojitz Corporation 2024 39
Slide 40: Balance Sheets Summary
INDEX｜3 Balance Sheets Summary End of End of End of End of End of End of End of End of End of End of (BN JPY) Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023 Mar. 2024 Current assets 1,323.5 1,146.4 1,229.8 1,376.3 1,267.7 1,217.5 1,195.4 1,394.2 1,444.5 1,4
Slide 41: Balance Sheets Summary
Index｜3 Balance Sheets Summary (BN JPY) （Times） Copyright © Sojitz Corporation 2024 41
Slide 42: Financial Summary
Index｜3 Financial Summary End of End of End of End of End of End of End of End of End of End of Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023 Mar. 2024 (BN JPY) Total assets 2,297.4 2,056.7 2,138.5 2,350.4 2,297.1 2,230.3 2,300.1 2,661.7 2,660.8 2,886.9 To
Slide 43: Cash Flow Summary
INDEX｜3 Cash Flow Summary End of End of End of End of End of End of End of End of End of End of Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023 Mar. 2024 (BN JPY) Core CF ー 18.3 5.5 (56.7) 63.1 1.3 (8.0) 10.5 135.6 (62.8) Free CF 25.3 66.0 (31.3) 12.4 54.3 4
Slide 44: Cash Flow Summary
INDEX｜3 Cash Flow Summary (BN JPY) Copyright © Sojitz Corporation 2024 44
Slide 45: Caution regarding Forward-looking Statements and Original Language
Caution regarding Forward-looking Statements and Original Language 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 reasonable. Sojitz makes no assurances as to the actual
Slide 46: New way, New value
New way, New value