Panasonic Holdings Corporation · TSE:6752

Panasonic — Q3 FY2021 Earnings Presentation

30 slides from Panasonic's earnings presentation, Feb 2, 2021

Slide 1: Third Quarter FY21 Consolidated Financial Results
 This presentation gives Panasonic’s consolidated financial results for the third quarter of fiscal 2021 (FY21) ended December 31, 2020. Copyright (C) 2021 Panasonic Corporation All Rights Reserved.
Slide 2: Summary of Q3 FY21 consolidated financial results
 First, the summary of the consolidated financial results for the third quarter of FY21.  Overall 3Q sales in real terms turned to an increase from the same period last year. Profit increased from the same period last year, similar to 2Q.  This is due to steady progress in enhancing management st
Slide 3: Details of Q3 FY21 financial results
 I will explain the details of consolidated financial results for the third quarter of FY21 from the next slide. Copyright (C) 2021 Panasonic Corporation All Rights Reserved. 2
Slide 4: Consolidated financial results for Q3 FY21
 This shows the consolidated financial results for the third quarter of FY21.  Overall sales was 1,814.1 billion yen. Sales increased in real terms excluding the effect of exchange rates and deconsolidation impact.  Adjusted operating profit, operating profit and net profit increased largely with
Slide 5: Sales analysis
 This slide shows our sales analysis.  Overall sales decreased by 97.1 billion yen (-5%). However, sales in real terms excluding the deconsolidation impact and other factors, increased by 32.7 billion yen (+2%). This is due to increased sales in Automotive Solutions, Home Appliances and others, of
Slide 6: Sales trends compared to previous year
 Next, I will explain the sales trends in comparison to the previous year.  The graph on the left shows the trend for Company-wide sales. Sales hit the bottom in 1Q with expanded COVID-19 impact. However, sales continued on a recovery trend and reached above previous year’s level in 3Q. COVID-19 i
Slide 7: Operating profit analysis
 This slide shows our operating profit analysis.  Regarding management structure enhancement set in the Mid-term strategy, we made steady progress with profit contributions of: 18.0 billion yen with fixed-cost reduction and 6.0 billion yen with measures to businesses with loss-making structures. 
Slide 8: Operating profit analysis by business
 This slide shows our operating profit analysis by business.  Increased profit was driven by businesses that captured opportunities reflecting changes in society from a medium- to long-term perspective such as air-conditioning/indoor air quality, automotive batteries as well as information- and co
Slide 10: Major increase/decrease factors by segment
 This slide shows major increase/decrease factors by segment.  In Appliances, sales and profit increased due to favorable sales of products such as washing machines and refrigerators, along with cost-control efforts.  In Life Solutions, sales was at previous year’s level. Favorable sales of air-q
Slide 11: Free cash flow and cash positions
 Next, I will explain the situation of FCF and cash positions.  FCF was 208.0 billion yen. This was contributed by operating cash flow becoming significantly positive through working capital improvement, etc., in addition to net profit.  For the nine-month of FY21, FCF was 311.9 billion yen.  Th
Slide 13: FY21 full-year financial forecast revision
 The FY21 full-year financial forecast is revised from the initial forecast announced on July 30, 2020, reflecting current management conditions.  Sales are revised upward by 100.0 billion yen.  Adjusted operating profit and operating profit are revised upward by 80.0 billion yen, respectively. N
Slide 14: Revised forecasts by segment
 Revised forecasts by segment are shown on this slide.  Appliances, Life Solutions, Automotive, and Industrial Solutions are revised upward. Connected Solutions is revised downward.  Details are shown from the next slide. Copyright (C) 2021 Panasonic Corporation All Rights Reserved. 13
Slide 15: Revision factors by segment
 This slide shows the revision factors by segment.  In Appliances, both sales and profit are revised upward, driven by stable sales of Home Appliances and progress in cost-control efforts and other factors.  In Life Solutions, both sales and profit are revised upward with lessened COVID-19 impact
Slide 16: Revision of operating profit by factor
 Now I will explain the revision of operating profit by factor.  This slide shows the analysis of increase/decrease factors from last year. The upper graph shows the initial forecast as of July 30, and the lower graph shows the revised forecast as of February 2. In between, the breakdown of the re
Slide 17: Progress in key initiatives
 This slide shows our progress in key initiatives.  In terms of management structure enhancement set in the Mid-term strategy, we expect to achieve the Mid-term target of 100.0 billion yen in the first 2 years, ahead of schedule. We will continue to promote our efforts, aiming for further profit c
Slide 18: Capturing changes in society triggered by COVID-19
 Triggered by COVID-19, changes in society are accelerating in various business areas.  Panasonic is promoting its initiatives to offer solutions to social issues through its business activities, capturing opportunities arising with such changes from a medium- to long-term perspective.  First, wi

Panasonic Holdings — Q3 FY2021 Earnings Presentation on 6ix

Panasonic — Q3 FY2021 Earnings Presentation

Slide 1: Third Quarter FY21 Consolidated Financial Results

Slide 2: Summary of Q3 FY21 consolidated financial results

Slide 3: Details of Q3 FY21 financial results

Slide 4: Consolidated financial results for Q3 FY21

Slide 5: Sales analysis

Slide 6: Sales trends compared to previous year

Slide 7: Operating profit analysis

Slide 8: Operating profit analysis by business

Slide 9: Results by segment

Slide 10: Major increase/decrease factors by segment

Slide 11: Free cash flow and cash positions

Slide 12: FY21 full-year forecast revision

Slide 13: FY21 full-year financial forecast revision

Slide 14: Revised forecasts by segment

Slide 15: Revision factors by segment

Slide 16: Revision of operating profit by factor

Slide 17: Progress in key initiatives

Slide 18: Capturing changes in society triggered by COVID-19

Slide 19: Thank you very much for your kind attention

Slide 20: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 21: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 22: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 23: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 24: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 25: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 26: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 27: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 28: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 29: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.

Slide 30: Copyright (C) 2021 Panasonic Corporation All Rights Reserved.