Slide 1: Quarterly Results for FY2022
Quarterly Results for FY2022 (Nine-month period ended December 31, 2022) February 6, 2023 Sumitomo Corporation Cautionary Statement Concerning Forward-looking Statements This report includes forward-looking statements relating to our future plans, forecasts, objectives, expectations and intentions.
Slide 2: 1. Summary of FY2022 Q3 Results
1. Summary of FY2022 Q3 Results Profit for the period attributable to owners of the parent totaled 464.3 billions of yen, record high as Q3 result. Left the annual forecasts of 550.0 billions of yen unchanged, as overall progress of our earnings is generally in line with that (announced in Nov.
Slide 3: 2. Operating Results (Profit for the Period)
2. Operating Results (Profit for the Period (Attributable to Owners of the Parent)) Profit for the period attributable to owners of the parent totaled 464.3 billions of yen. 129.1 billions of yen increase compared to the same period of previous fiscal year (+39%). Profit increased in both minera
Slide 4: 3. Profit for the Period by Segment
3. Profit for the Period by Segment Profit increased in following segments: Metal Products, Transportation & Construction Systems, Living Related & Real Estate, Mineral Resources, Energy, Chemical & Electronics. (Unit: billions of yen) Transportation Mineral Resources, Corporate Metal Media Living
Slide 5: 4. Quarterly Trend for Profit for the Period
4. Quarterly Trend for Profit for the Period (excluding one-off profits/losses) Profit decreased in both mineral resources and non-mineral resources businesses compared to FY2022 Q2. Mineral resources businesses: absence of profit recognition of iron ore business in South Africa, earnings of which
Slide 6: 5. Operating Results (Cash Flows)
5. Operating Results (Cash Flows) Free cash flow (post-shareholder return) (adjusted) cumulated in SHIFT 2023 was cash out of 101.1 billions of yen due to such as increase in working capital lead by accelerated business activity. Manage and ensure the cash flow to be positive for 3-year total, w
Slide 7: 6. Operating Results (Financial Position)
6. Operating Results (Financial Position) Total assets increased to 10.2 trillions of yen due to increase in operating assets in addition to yen’s depreciation (+approx. 610.0 billions of yen compared to the end of Mar. 2022). (Unit: billions of yen) As of Mar. As of Dec. Increase/ Highlights 31,
Slide 8: 7. Forecasts for FY2022
7. Forecasts for FY2022 Left the annual forecasts of 550.0* billions of yen (announced in Nov. 2022) unchanged in total, as overall progress of our earnings is generally in line with that. In terms of each segment, revised forecasts upward in Metal Products, Transportation & Construction Systems
Slide 9: 8. Shareholder Return
8. Shareholder Return •1 Dividend (apply the consolidated dividend payout ratio of 30% within the DOE range of 3.5 to 4.5%) No change in FY2022 annual dividend forecast, 115 yen per share, revised upward in Q2 (interim dividend: 57.5 yen per share / year-end： 57.5 yen per share (plan)) •2 Further sh
Slide 10: Appendix
Appendix 9 © 2023 Sumitomo Corporation
Slide 11: Contents
Contents 9. Assumptions and Sensitivity P. 11 Quarterly Trend for Profit for the Period Attributable to Owners of 10. the Parent by Segment (FY2021・FY2022) P. 12 11. Quarterly Trend for One-off Profits/Losses by Segment (FY2021・FY2022) P. 13-14 12. Performance Overview by Segment P. 15-31 13. Summar
Slide 12: 9. Assumptions and Sensitivity
9. Assumptions and Sensitivity FY2021 Results FY2022 Results FY2022 Prices and Mineral Resources Equity Share of Production Sensitivity to Net Income Revised Initial (Annual base, Nov. 2022 Q1-3 Q1-4 Q1 Q2 Q3 Q1-3 Forecasts Forecasts announcements) (Nov. 2022) ¥1.2 bill. Exchange rate YEN/US$ 111.14
Slide 13: 10. Quarterly Trend for Profit by Segment
10. Quarterly Trend for Profit for the Period Attributable to Owners of the Parent by Segment (FY2021・FY2022) (Unit: billions of yen) FY2021 Results FY2022 Results Cumulative Cumulative Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Results Results Metal Products 7.2 15.6 18.6 13.7 55.2 24.3 28.0 28.3 80.7 Transportation
Slide 14: 11. One-off Profits/Losses by Segment (FY2022)
11. Quarterly Trend for One-off Profits/Losses by Segment (FY2022) (Unit: billions of yen) Cumulative Q1 Q2 Q3 Q4 Results Main factors Metal Products 0.0 4.0 0.0 3.0 Q2 Tax-effect on structural reform, etc.: approx.+4.0 Transportation & 1.0 0.0 1.0 3.0 Construction Systems Q1 Power infrastructure bu
Slide 15: 11. One-off Profits/Losses by Segment (FY2021)
11. Quarterly Trend for One-off Profits/Losses by Segment (FY2021) (Unit: billions of yen) Cumulative Q1 Q2 Q3 Q4 Results Main factors Whole Structural reform, losses related to the Russian-Ukrainian situation: approx.-1.0 (Q1: approx.-2.0, Metal Products -2.0 2.0 1.0 -2.0 -1.0 year Q2: approx.+2.0,
Slide 16: 12. Performance Overview (Metal Products)
12. Performance Overview (Metal Products) Key Financial Indicators (Unit: billions of yen) Profit (Excl. One-off Profits/Losses) for FY2022 Q3 Outlook for the Q4 FY2022 FY2022 (approx.¥37.0 bil. increase from FY2021 Q3) (Excl. One-off Profits/Losses) FY2021 FY2022 Increase/ Revised Revised Steel she
Slide 17: 12. Performance Overview (Metal Products)
12. Performance Overview (Metal Products) Historical Data for Hot Rolled Steel Sheet Export Prices (Japan), Hot Rolled Coil Steel Futures (U.S.) and Rig* Count (U.S.) * Oil and Natural Gas Drilling Facilities Historical Data for Hot Rolled Steel Sheet Export Prices (Japan) Historical Data for Rig Co
Slide 18: 12. Performance Overview (Transportation & Construction Systems)
12. Performance Overview (Transportation & Construction Systems) Key Financial Indicators (Unit: billions of yen) Profit (Excl. One-off Profits/Losses) for FY2022 Q3 Outlook for the Q4 FY2022 FY2022 (approx.¥21.0 bil. increase from FY2021 Q3) (Excl. One-off Profits/Losses) FY2021 FY2022 Increase/ Re
Slide 19: 12. Performance Overview (Transportation & Construction Systems)
12. Performance Overview (Transportation & Construction Systems) (Unit: billions of yen) FY2021 Q3 FY2022 Q3 Increase/ End of End of Increase/ Results Results Decrease FY2021 FY2022 Q3 Decrease Gross profit 139.7 190.0 +50.3 Total assets 1,751.7 1,883.7 +132.1 Lease, Ship & Aerospace Business 13.7 1
Slide 20: 12. Performance Overview (Transportation & Construction Systems)
12. Performance Overview (Transportation & Construction Systems) Global Map of Mobility Business Europe Toyota Ukraine (Ukraine) Moto Pfohe EOOD (Bulgaria) Engineering service Summit Motors Slovakia (Slovakia) Auto parts manufacture Summit Motors Slovenia (Slovenia) Automotive sales & marketing Aimo
Slide 21: 12. Performance Overview (Infrastructure)
12. Performance Overview (Infrastructure) Key Financial Indicators (Unit: billions of yen) Profit (Excl. One-off Profits/Losses) for FY2022 Q3 Outlook for the Q4 FY2022 FY2022 (approx.¥15.0 bil. decrease from FY2021 Q3) (Excl. One-off Profits/Losses) FY2021 FY2022 Increase/ Revised Revised Domestic
Slide 22: 12. Performance Overview (Infrastructure)
12. Performance Overview (Infrastructure) Global Development of the Renewable Energy Business Our net ownership generation capacity of renewable energy is 1.5GW as of end of Mar. 2022. We will achieve 3GW and aim for 5GW or more by 2030. As of end of Mar. 2022 Topic: One of the Largest Onshore Wind
Slide 23: 12. Performance Overview (Media & Digital)
12. Performance Overview (Media & Digital) Key Financial Indicators (Unit: billions of yen) Profit (Excl. One-off Profits/Losses) for FY2022 Q3 Outlook for the Q4 FY2022 FY2022 (approx.¥10.0 bil. decrease from FY2021 Q3) (Excl. One-off Profits/Losses) FY2021 FY2022 Increase/ Revised Revised Major do
Slide 24: 12. Performance Overview (Media & Digital)
12. Performance Overview (Media & Digital) Initiatives for Telecommunications Business in Ethiopia Contributing to Ethiopia's economic and human resource development through the construction of telecommunications infrastructure and the development of various value-added services on the business pl
Slide 25: 12. Performance Overview (Living Related & Real Estate)
12. Performance Overview (Living Related & Real Estate) Key Financial Indicators (Unit: billions of yen) Profit (Excl. One-off Profits/Losses) for FY2022 Q3 Outlook for the Q4 FY2022 FY2022 (approx.¥14.0 bil. increase from FY2021 Q3) (Excl. One-off Profits/Losses) FY2021 FY2022 Increase/ Revised Rev
Slide 26: 12. Performance Overview (Living Related & Real Estate)
12. Performance Overview (Living Related & Real Estate) (Unit: billions of yen) FY2021 Q3 FY2022 Q3 Increase/ End of End of Increase/ Results Results Decrease FY2021 FY2022 Q3 Decrease Gross profit 168.3 176.1 +7.8 Total assets 1,527.7 1,665.5 +137.8 Lifestyle Business Division 131.6 131.2 -0.5 Life
Slide 27: 12. Performance Overview (Living Related & Real Estate)
12. Performance Overview (Living Related & Real Estate) Food Distribution Business: Stable Procurement of Food and Creation of New Value Centered on SC Foods 1 Functions and Strengths of SC Foods -Stable Procurement of Food 2 SC Foods’ Stable Revenue Base and Provision of Added Value- Providing a st
Slide 28: 12. Performance Overview (Mineral Resources, Energy, Chemical & Electronics)
12. Performance Overview (Mineral Resources, Energy, Chemical & Electronics) Key Financial Indicators (Unit: billions of yen) Profit (Excl. One-off Profits/Losses) for FY2022 Q3 Outlook for the Q4 FY2022 FY2022 (approx.¥70.0 bil. increase from FY2021 Q3) (Excl. One-off Profits/Losses) FY2021 FY2022
Slide 29: 12. Principal Subsidiaries and Associated Companies
12. Performance Overview (Mineral Resources, Energy, Chemical & Electronics) Principal Subsidiaries and Associated Companies Mineral Resources & Energy (Unit: billions of yen) Chemical & Electronics (Unit: billions of yen) Equity in Earnings Equity in Earnings Shares in Equity FY2022 Shares in Equit
Slide 30: 12. Performance Overview (Mineral Resources, Energy, Chemical & Electronics)
12. Performance Overview (Mineral Resources, Energy, Chemical & Electronics) (Unit: billions of yen) FY2021 Q3 FY2022 Q3 Increase/ End of End of Increase/ Results Results Decrease FY2021 FY2022 Q3 Decrease Gross profit 190.7 269.1 +78.4 Total assets 2,747.4 2,769.8 +22.4 Mineral Resources & Energy*1
Slide 31: Ambatovy Nickel Project
12. Performance Overview (Mineral Resources, Energy, Chemical & Electronics) Ambatovy Nickel Project FY2022 FY2022 Quarterly Trend FY2021 FY2022 Revised Latest Sensitivity*2 15 3.0 3.0 3.0 30 Q3 Results Q3 Results Forecasts Update (Feb.2023) (Nov. 2022) (Feb. 2023) 10 25 9 10 10 9 Equity in Earnings
Slide 32: Agribusiness SBU Growth Strategy
12. Performance Overview (Mineral Resources, Energy, Chemical & Electronics) Agribusiness SBU Growth Strategy〜Agricultural Input & Service Business〜 Agribusiness SBU Growth Strategy Strengthening businesses through expansion of products and functions and Crop Protection Trade & Distribution Busine
Slide 33: 13. Summary of Consolidated Statements of Comprehensive Income
13. Summary of Consolidated Statements of Comprehensive Income (Unit: billions of yen) FY2021 Q3 FY2022 Q3 Increase/ Summary (Apr.-Dec.) (Apr.-Dec.) Decrease Revenues 3,945.1 5,070.1 +1,124.9 Gross profit Gross profit 742.9 928.8 +185.9 Tubular products business in North America: strong performanc
Slide 34: 14. Summary of Consolidated Statements of Cash Flows
14. Summary of Consolidated Statements of Cash Flows (Unit: billions of yen) FY2021 Q3 FY2022 Q3 Increase/ Summary (Apr.-Dec.) (Apr.-Dec.) Decrease Net cash provided by (used in) operating Net cash provided by (used in) operating activities 42.7 118.2 +75.5 activities Basic profit cash flow* 270.4 4
Slide 35: 15. Summary of Consolidated Statements of Financial Position
15. Summary of Consolidated Statements of Financial Position (Unit: billions of yen) Increase/ FY2021 FY2022 Q3 Summary Decrease Assets 9,582.2 10,193.3 +611.1 Current assets 4,645.5 5,027.9 +382.5 Trade and other receivables (current / non-current) Increase: impact by rise in mineral resources pr
Slide 36: 16. Historical Data (1) PL, CF
16. Historical Data (1) PL, CF (Unit: billions of yen) MEDIUM-TERM MANAGEMENT PLAN ▶ f(x) BBBO2014 BBBO2017 Medium – Term Management Plan 2020 SHIFT 2023 Fiscal Year ▶ 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Revenues 3,016.2 3,317.4 3,762.2 4,010.8 3,997.0 4,827.3 5,339.2 5,299.8 4,645.1 5
Slide 37: 16. Historical Data (2) BS, Key Financial Indicators
16. Historical Data (2) BS, Key Financial Indicators (Unit: billions of yen) MEDIUM-TERM MANAGEMENT PLAN ▶ f(x) BBBO2014 BBBO2017 Medium – Term Management Plan 2020 SHIFT 2023 Fiscal Year ▶ 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Total assets 7,832.8 8,668.7 9,021.4 7,817.8 7,761.8 7,770.6