Sony Group Corporation · TSE:6758

Sony — Q1 2023 Earnings Presentation

12 slides from Sony's earnings presentation, Aug 9, 2023

  1. Slide 1: Q1 FY2023 Consolidated Financial Results

    Q1 FY2023 Consolidated Financial Results (Three months ended June 30, 2023) August 9, 2023 Sony Group Corporation Q1 FY2023 Consolidated Results (Bln Yen) (Reference) IFRS 4 Q1 FY22 Q1 FY23 Change Q1 FY22 Sales* 2,311.5 2,229.8 2,963.7 +733.9 （+33%） Operating income 307.0 364.9 253.0 -111.8 （-31%） I

  2. Slide 2: Q1 FY2023 Operating Profit by Segment

    Q1 FY2023 Operating Profit by Segment (Bln Yen) 364.9 +57.9 307.0 -84.7 Impact of IFRS 17 Adoption (Financial -34.7 +5.6 253.0 Services) +2.1 +12.4 -9.0 -3.6 Significant decrease in OI at Sony Life ·(－) Recording of profit resulting from changes in interest rates related to variable life insurance i

  3. Slide 3: Adjusted Income (Q1) and Non-Recurring Profit and Loss

    Adjusted Income (Q1) *1 (Bln Yen) Q1 FY22 Q1 FY23 Change from Q1 FY22 Before Non-recurring Before Non-recurring Before Adjusted Adjusted Adjusted adjustment (profit) / loss*2 adjustment (profit) / loss*2 adjustment Operating income 364.9 - 364.9 253.0 -6.0 247.0 -111.8 -117.8 （-31%） （-32%） Income be

  4. Slide 4: Q1 FY2023 Results by Segment

    Q1 FY2023 Results by Segment Q1 FY22 Q1 FY23 Change FX Impact (Bln Yen) Sales 604.1 771.9 +167.8 +40.6 Game & Network Services Operating income 52.8 49.2 -3.6 +2.5 (G&NS) Adjusted OIBDA 70.2 75.9 +5.7 Sales 308.1 358.2 +50.2 +15.2 Music Operating income 61.0 73.4 +12.4 Adjusted OIBDA 74.8 82.9 +8.2

  5. Slide 5: FY2023 Results Forecast by Segment

    FY2023 Results Forecast by Segment (Bln Yen) FY23 FY23 Change from FY22 April FCT August FCT April FCT Sales 3,644.6 3,900 4,170 +270 Game & Network Services Operating income 250.0 270 270 - (G&NS) Adjusted OIBDA 337.0 365 375 +10 Sales 1,380.6 1,410 1,490 +80 Music Operating income 263.1 265 280 +1

  6. Slide 6: Music Segment and Pictures Segment

    Music Segment Sales, Operating Income and Adjusted OIBDA Q1 FY2023 (year-on-year) (Bln Yen) Sales  Sales: 50.2 bln yen (16%) significant increase (FX Impact: +15.2 bln yen) Operating Income ・(+) Higher sales for Recorded Music and Music Publishing from paid Adjusted OIBDA subscription streaming ser

  7. Slide 7: ET&S Segment and I&SS Segment

    Entertainment, Technology & Services Segment (ET&S Segment) Sales, Operating Income and Adjusted OIBDA (Bln Yen) Sales Q1 FY2023 (year-on-year) Operating Income  Sales: 19.5 bln yen (4%) increase (FX Impact: +16.8 bln yen) Adjusted OIBDA ·(+) Impact of foreign exchange rates ·(+) Increase in sales

  8. Slide 8: Financial Services Segment and IFRS 17 Changes

    Financial Services Segment Financial Services Revenue, Operating Income and Adjusted OIBDA Q1 FY2023 (year-on-year) Financial Services Revenue  Revenue: 465.4 bln yen (215%) significant increase 681.4 (Bln Yen) Operating Income ·(+) Significant increase in revenue at Sony Life Adjusted OIBDA (454.8

  9. Slide 9: Application of IFRS 17 and Adjusted EBITDA Reconciliation

    Application of IFRS 17 “Insurance Contracts” FY2022 results for the Financial Services segment (IFRS 4 / IFRS 17) Impact of the adoption of IFRS 17 on FY2022 results Financial Services Revenue (Bln Yen) (Financial Services segment) Operating Income 1,454.5  Revenue: 565.5 bln yen (39%) significant

  10. Slide 10: Reconciliation Table for Adjusted OIBDA and Adjusted EBITDA

    Reconciliation Table for Adjusted OIBDA (Q1) (Bln Yen) Q1 FY22 Q1 FY23 Depreciation Non-recurring Depreciation Non-recurring Operating Adjusted Operating Adjusted and (profit) / and (profit) / Income Amortization*1 OIBDA Income Amortization*1 OIBDA loss*2 loss*2 Game & Network Services (G&NS) 52.8 1

  11. Slide 11: Reconciliation Table for Adjusted OIBDA and Notes

    Reconciliation Table for Adjusted OIBDA (Bln Yen) FY22 Operating Depreciation and Non-recurring Adjusted Income Amortization*1 (profit) / loss*2 OIBDA Game & Network Services (G&NS) 250.0 87.0 - 337.0 Music 263.1 59.0 -5.7 316.4 Pictures 119.3 48.9 - 168.2 Entertainment, Technology & Services (ET&S)

  12. Slide 12: Cautionary Statement

    Cautionary Statement Statements made in this presentation with respect to Sonyʼs current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony. Forward-looking statements include, but are not li

Sony Group — Q1 2023 Earnings Presentation on 6ix