Slide 1: Consolidated Performance Briefing FY2022 4Q & Full Year
SUMIDA CORPORATION Consolidated Performance Briefing <FY2022 4Q & Full Year Ending December 31, 2022> February 8, 2023
Slide 2: Agenda
1. FY2022 4Q & Full-Year Performance Results 2. Progress of Mid-Term Business Plan (2021-2023) 3. FY2023 Performance Forecast CEO Kanji Hori CFO Yoshiyuki Honda Copyright© 2023 SUMIDA CORPORATION. All rights reserved. 2
Slide 3: FY2022 4Q & Full-Year Performance Results
FY2022 4Q & Full-Year Performance Results CEO Kanji Hori Copyright© 2023 SUMIDA CORPORATION. All rights reserved. 3
Slide 4: Sales & Operating Profit
Sales & Operating Profit （100 million yen） +37.1% 387.5 376.4 50 Despite slowdown of the world’s economy as well 326.4 as declining demand due to semiconductor 274.5 295.7 shortage etc., EV/xEV-related business has been 31.5 28.4 strong and its sales in 4Q 2022 posted a positive year-on-year growt
Slide 5: Sales by Market and by Region
Sales by Market and by Region （100 million yen） Automotive + 36.2% 216.2 Asia (excluding China/Taiwan) China/Taiwan 158.7 +41.3% 115.6 + 28.2% 69.1 81.8 53.9 2021 4Q 2022 4Q Consumer Electronics 2021 4Q 2022 4Q 2021 4Q 2022 4Q 52.0 + 45.3% 75.5 North America/Others Europe +38.4% 128.6 2021 4Q 2022 4
Slide 6: Sales
Sales （100 million yen） 1500 1,386 Record-high annual sales were achieved 1,049 in FY2022. 1000 975 943 862 902 776 810 844 EV/xEV-related businesses significantly 639 expanded. 513 Solar power business in Europe and the 500 United States grew moving toward decarbonization. 0 In the consumer
Slide 7: Sales Breakdown in FY2022
Sales Breakdown in FY2022 （100 million yen） Sales % Automotive Automotive 2022 2022 810 (+29.1%) Industry 21% 2021 628 Consumer 21% 58% Electronics Industry 2022 284 (+36.0%) 2021 209 2021 20% Consumer Electronics 2022 291 (+ 37.0%) 20% 60% 2021 213 Copyright© 2023 SUMIDA CORPORATION. All rights res
Slide 8: Operating Profit
Operating Profit （100 million yen） 82 80.0 Major positive factors to operating profit 63 62 A high factory utilization rate was 54 53 maintained due to the sales increase 42 Production efficiency was improved 35 33 despite the impacts from Covid-19. 40.0 28 18 17 Major negative factors to operat
Slide 9: FY2022 4Q & Full-Year Performance Results
FY2022 4Q & Full-Year Performance Results CFO Yoshiyuki Honda Copyright© 2023 SUMIDA CORPORATION. All rights reserved. 9
Slide 10: Consolidated P/L for FY2022 4Q
Consolidated P/L for FY2022 4Q （million yen） 2021 4Q 2022 3Q 2022 4Q Change % Change % （A） （B) （C） （C)/(A) （C)/(B) S a l e s 27,451 38,754 37,643 37.1% △2.9% G r o s s P r o f i t 3,610 5,949 5,654 GP% 13.2% 15.4% 15.0% O p e r a t i n g P r o f i t 647 3,150 2,840 338.8% △9.8% OP% 2.4% 8.1% 7.5% Fi
Slide 11: Operating Profit Bridge Analysis FY2022 3Q to 4Q
Operating Profit Bridge Analysis < FY2022 3Q → FY2022 4Q > （million yen） Fluctuation of foreign exchange rates +484 FY2022 3Q OP 3,150 FY2022 4Q OP Sales decrease 2,840 △560 Fixed costs increase Others due to decline of △85 factory utilization rate △149 Copyright© 2023 SUMIDA CORPORATION. All rights
Slide 12: Operating Profit Bridge Analysis FY2021 4Q to FY2022 4Q
Operating Profit Bridge Analysis < FY2021 4Q → FY2022 4Q > （million yen） Decrease of fixed costs due to increase of factory utilization rate FY2022 4Q +465 OP Effect of sales 2,840 increase Increase of +704 production Increase of R&D Others overhead expenses △12 △121 △99 Fluctuation of foreign excha
Slide 13: Quarterly Sales/Operating Profit
Quarterly Sales/Operating Profit （million yen） （million yen） 4,000 40,000 Sales Operating Profit 3,000 30,000 2,000 20,000 1,000 10,000 0 △ 1,000 0 20.1Q 20.2Q 20.3Q 20.4Q 21.1Q 21.2Q 21.3Q 21.4Q 22.1Q 22.2Q 22.3Q 22.4Q Operating Profit Sales Copyright© 2023 SUMIDA CORPORATION. All rights reserved.
Slide 14: Consolidated P/L for FY2022 Full Year
Consolidated P/L for FY2022 Full Year （million yen） 2021 Full Year 2022 Full Year Change （A） （B) （B)/(A) S a l e s 104,920 138,600 32.1% G r o s s P r o f i t 15,357 19,302 GP% 14.6% 13.9% O p e r a t i n g P r o f i t 5,326 8,189 53.8% OP% 5.1% 5.9% Financial Income/Exp.（Net) △1,427 △1,654 P r o f
Slide 15: Operating Profit Bridge Analysis FY2021 to FY2022
Operating Profit Bridge Analysis <FY2021 Full Year → FY2022 Full Year> Fluctuation of foreign （million yen） exchange rates Improvement +1,062 of production efficiency +1,367 FY2022 Full Year Others OP +6 8,189 Effect of sales Wages increase increase △1,243 Increase of R&D +2,480 expenses △382 FY2021
Slide 16: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position （million yen） 2021 Dec. 31 2022 Dec. 31 Change 2021 Dec. 31 2022 Dec. 31 Change Current Assets 57,590 68,431 10,840 Current Liabilities 44,618 60,327 15,709 Cash & Cash Equivalent 4,237 2,944 △1,292 Trade & Other Payables 12,757 14,906 2,149 Trade & Other
Slide 17: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow （million yen） 2021 Full Year 2022 Full Year Change Cash Flow from Operating Activities 600 10,566 9,966 Profit before Taxes 3,898 6,534 2,636 Depreciation & Amortization 6,668 8,120 1,451 Impairment Loss 75 59 △16 Net Working Capital △10,607 △5,123 5,484 Others 56
Slide 18: Progress of Mid-Term Business Plan (2021-2023)
Progress of Mid-Term Business Plan (2021-2023) Copyright© 2023 SUMIDA CORPORATION. All rights reserved. 18
Slide 19: Major Actions Implemented in FY2021 & 2022
Major Actions Implemented in FY2021 & 2022 Regional manufacturing strategies Merger of two U.S. subsidiaries at the end of 2021 Vietnam Quang Ngai 2nd and 3rd factories started mass production after completion. The decision was made to expand the size of Aomori factory by half. Mass producti
Slide 20: Progress of Mid-Term Business Plan – Numerical Targets
Progress of Mid-Term Business Plan (2021-2023) – Numerical Targets Income Statement MTBP （100 million yen） TARGET 2023 ACTUAL 2022 PLAN 2023 Sales 1,270 1,386 1,440 Operating Profit 75 82 86 TARGET 2023 ACTUAL 2022 PLAN 2023 Automotive 825 810 895 Industry 230 284 328 Consumer Electronics 215 291 21
Slide 21: FY2023 Performance Forecast
FY2023 Performance Forecast CEO Kanji Hori Copyright© 2023 SUMIDA CORPORATION. All rights reserved. 21
Slide 22: Sales & Operating Profit Plan for FY2023
Sales & Operating Profit Plan for FY2023 （100 million yen） 1600 1,440 We plan to achieve a positive year-over-year growth of 1,386 100 both sales and operating profit. In the automotive market, EV/xEV-related demand will 1200 1,049 80 continue growing. 975 943 In the industry market, renewable
Slide 23: FY2023 CAPEX Plan
FY2023 CAPEX Plan （100 million yen） 2022 Actual 2023 Plan 120 Others 100 96.0 Others 88.3 9.4% 84.4 82.1 Production New 12.3% New 80 73.5 efficiency products products 新製品対応 and Renewal 31.2% 新製品対応 61.1 59.9 58.1 17.3% 34.2% Production 60 efficiency and 43.1 43.8 43.5 Mass Renewal production Mass 40
Slide 24: FY2023 Performance Forecast
FY2023 Performance Forecast CFO Yoshiyuki Honda Copyright© 2023 SUMIDA CORPORATION. All rights reserved. 24
Slide 25: Consolidated P/L Forecast for FY2023
Consolidated P/L Forecast for FY2023 （million yen） FY2022 Actual FY2023 Forecast Change（％） S a l e s 138,600 144,000 3.9％ O p e r a t i n g P r o f i t 8,189 8,600 5.0％ OP% 5.9% 6.0% P r o f i t b e f o r e Ta x e s 6,534 6,500 △0.5% Profit Attributable to Owners of P a r e n t 5,099 5,100 0.0% E P
Slide 26: Operating Profit Bridge Analysis FY2023
Operating Profit Bridge Analysis （million yen） （million yen） 8,600 Positive Factors Effect of sales increase 1,491 8,189 +411 Improvement of productivity 1,203 TOTAL 2,695 Negative Factors SG&A expenses increase 1,048 Wages increase 462 R&D expenses increase 393 Energy costs increase 167 Effect of f
Slide 27: Impacts of Fluctuation of Foreign Exchange Rates
Impacts of Fluctuation of Foreign Exchange Rates （million yen） Exchange rates Impact on Currencies JPY fluctuation used for 2023 plan Operating Profit In case JPY depreciates USD 130.00 yen by 1 yen, 308 In case JPY depreciates by 1 yen, Euro 139.60 yen 39 In case JPY depreciates by 0.1 yen, CNY 19.
Slide 28: Depreciation, CAPEX and R&D Expenses
Depreciation, CAPEX and R&D Expenses （million yen） FY2021 Actual FY2022 Plan FY2022 Actual FY2023 Plan Depreciation 6,668 7,300 8,120 8,900 CAPEX 5,812 9,990 8,211 9,600 R&D Expenses 3,895 4,300 4,513 5,200 USD/JPY 109.23 114.00 130.24 130.00 Foreign Exchange Euro/JPY 129.83 129.90 137.21 139.60 R a
Slide 29: Dividend Forecast
Dividend Forecast （yen） June 30 December 31 TOTAL Payout Ratio FY2022 14.00 33.00* 47.00 25.1％ FY2023 23.00 24.00 47.00 25.1％ (Forecast) * Dividend at the end of December 2022 is a forecast, which will be decided at the board’s meeting to be held on February 22, 2023. Copyright© 2023 SUMIDA CORPORAT
Slide 30: Disclaimer Regarding Forward Looking Statements
Disclaimer Regarding Forward Looking Statements Sumida Corporation (referred to as "Sumida") makes this document available for informational purposes only. This document contains certain “forward-looking statements” which reflect management’s current views and the assumptions made with respect to sp
Slide 31: Copyright© 2023 SUMIDA CORPORATION. All rights reserved.
Copyright© 2023 SUMIDA CORPORATION. All rights reserved. 31