Slide 1: Financial Results for the Third Quarter Ended December 31, 2020
Financial Results for the Third Quarter Ended December 31, 2020(Reference) Caution regarding Forward-looking Statements February 3, 2021 This document contains forward-looking statements based on information available to the company at the time of disclosure and certain assumptions that management b
Slide 2: Index
Index Ⅰ. Financial Results for the Third Quarter and Full Year Forecast of Fiscal Year Ending March 31, 2021 Ⅱ. Dividends 【Supplemental Data】 Ⅰ. Segment Information Ⅱ. Summary of Financial Results Copyright © Sojitz Corporation 2021 2
Slide 3: Financial Results for the Third Quarter and Full Year Forecast
Ⅰ. Financial Results for the Third Quarter and Full Year Forecast of Fiscal Year Ending March 31,2021 Copyright © Sojitz Corporation 2021 3
Slide 4: Summary of Financial Results for the Third Quarter Ended December 31, 2020
Summary of Financial Results for the Third Quarter Ended December 31, 2020 ◼ First half performance representing progress of 56% toward full-year forecast with degree of progress varying between segment ◼ Forecast for year-end dividend of ¥ 5 (annual dividend of ¥10) Consolidated payout ratio of 40.
Slide 5: Effects of COVID-19
Effects of COVID-19 Conditions Leading up to Main Businesses Progress Overview the Third Quarter Ended December 31, 2020 Gradual recovery in demand despite disparities Improvements in operating conditions between regions ■ Automotive anticipated to accompany gradual demand Continuation of online sal
Slide 6: Summary of Profit or Loss
Summary of Profit or Loss FY2020 FY2020 FY2019 FY2020 Revised Revised Difference Achieved 3Q Results 3Q Results Forecast Forecast (Billions of Yen) (Aug. 4, 2020) (Feb. 3, 2021) Revenue 1,318.6 1,159.7 (158.9) - - - Gross profit 159.4 132.5 (26.9) 203.0 200.0 66% Selling, general and administrative
Slide 7: Summary of Profit or Loss: Profit for the period by segment
Summary of Profit or Loss Profit for the period by segment Profit for the year (attributable to Main Factors Behind Difference owners of the Company) by segment (Billions of Yen) ■Automotive \ (0.4) billion（down \ (1.7) billion YoY） Decreased due to reduced automobile sales as a result of the global
Slide 8: FY2020 Forecast Profit for the Year by Segment
FY2020 Forecast Profit for the Year by Segment FY2020 FY2020 Progress Overview FY2020 Revised Revised 3Q Results Forecast Forecast (Billions of Yen) (Oct. 30, 2020) (Feb. 3, 2021) ■ Automotive \ (0.4) billion Performance expected to be in line with forecasts as demand is on recovery Automotive (0.4)
Slide 9: Summary of Balance Sheets
Summary of Balance Sheets Changes in Total Equity End of End of (End of Mar. 2020 vs. End of End of Mar.2021 Mar.2021 Mar. 2020 Dec. 2020 Difference End of Dec. 2020, Breakdown) Initial Forecast (Billions of Yen) Forecast (Oct. 30, 2020) ⚫ Profit for the period attributable to owners of the Company
Slide 10: Cash Flow Management
Cash Flow Management Positive three-year aggregate FCF and core cash flow Funding to be secured using on-hand funds as well as long-term commitment lines denominated in yen and other currencies FY2018/ MTP 2020 FY2020 3Q FY2019 3-year total Results (FY2018–FY2020) Results Core operating cash flow*1
Slide 11: Summary of Free Cash Flows
Summary of Free Cash Flows Operating Cash Flow Investing Cash Flow FCF Core Cash Flow (Billions of Yen) 150.0 98.8 96.5 100.0 63.1 81.5 61.3 50.0 40.5 54.3 4.8 5.2 12.4 0.0 1.3 (50.0) (35.7) (20.2) (56.7) (42.2) (100.0) (86.4) FY2017 FY2018 FY2019 FY2020 3Q ※Core cash flow = Core operating cash flow
Slide 12: Investments and Loans and Asset Replacement for the Third Quarter
Investments and Loans and Asset Replacement for the Third Quarter Ended December 31, 2020 FY2020 3Q Results Main Businesses ■ Domestic solar power generation operations ■ IPP business in the United States Investments and Loans ■ Innovation related investment businesses ■ CAPEX etc. Investments and L
Slide 13: Major One-time Gain/Loss for the Third Quarter
Major One-time Gain/Loss for the Third Quarter Ended December 31, 2020 FY2019 3Q Results FY2020 3Q Results ・Impairment loss on domestic marine products business ・Gain on sales of domestic shopping mall Non- ￥(0.4) ・Gain on sales of domestic real estate ￥4.1 ・Gain on sales of Resource billion billion
Slide 14: Composition of Resource and Non-Resource Profit
Composition of Resource and Non-Resource Profit FY2019 FY2020 FY2017 FY2018 FY2019 3Q 3Q Difference Results Results Results Results Results (Billions of yen) ①Profit for the year (attributable to 37.5 16.7 (20.8) 56.8 70.4 60.8 Owners of the Company) (②Total one-time income movements) 0.8 4.9 +4.1 (
Slide 15: Commodity Prices, Foreign Exchange, and Interest Rate
Commodity Prices, Foreign Exchange, and Interest Rate FY2020 Assumption (Aug.4,20) Latest Data FY2019 Results FY2020 Results ⇒FY2020 4Q (As of January 28, (Apr.-Dec. '19 Avg.) (Apr.-Dec. '20 Avg.) Assumption 2021) (Feb. 3, 2021) US$35.0/bbl(2H) Crude Oil (Brent) US$64.3/bbl US$41.3/bbl ⇒US$51.0/bbl(
Slide 16: Dividends
Ⅱ. Dividends Copyright © Sojitz Corporation 2021 16
Slide 17: Dividend Policy
Dividend Policy ◼ Basic Dividend Policy Sojitz recognizes that paying stable, continuous dividends is a management priority, together with enhancing shareholder value and boosting competitiveness through the accumulation and effective use of retained earnings. Under MTP2020, our basis policy will be
Slide 18: Supplemental Data: Segment Information
【Supplemental Data】 Ⅰ. Segment Information Copyright © Sojitz Corporation 2021 18
Slide 19: Automotive
Automotive Profit for the year (attributable to owners of the Company） 【Progress Overview】 (Billions of Yen) 1Q 2Q 3Q 4Q Forecast 合計 Performance expected to be in line with forecasts as demand is on recovery track 6.4 1.4 FY 2019 3Q FY2020 3Q FY2020 Difference （Billions of Yen） Results Results Forec
Slide 20: Aerospace & Transportation Project
Aerospace & Transportation Project Profit for the year (attributable to owners of the Company) (Billions of Yen) 1Q 2Q 3Q 4Q Forecast 合計 【Progress Overview】 6.0 Earnings contributions anticipated from aircraft-related 5.0 businesses in fourth quarter 4.0 1.1 FY2020 FY2020 1.8 FY 2019 3Q FY2020 3Q Re
Slide 21: Machinery & Medical Infrastructure
Machinery & Medical Infrastructure Profit for the year (attributable to owners of the Company) (Billions of Yen) 1Q 2Q 3Q 4Q Forecast 合計 【Progress Overview】 Upward revision based on steady progress of industrial 5.0 4.6 4.5 machinery transactions 3.5 2.8 2.0 FY2020 FY2020 FY2020 1.2 FY 2019 3Q FY202
Slide 22: Energy & Social Infrastructure
Energy & Social Infrastructure Profit for the year (attributable to owners of the Company) (Billions of Yen) 【Progress Overview】 1Q 2Q 3Q 4Q Forecast 合計 Upward revision to forecasts in reflection of nine-month 9.6 performance and accumulation of profits from affiliates 5.8 5.8 4.5 2.6 3.5 FY2020 0.4
Slide 23: Metals & Mineral Resources
Metals & Mineral Resources Profit for the year (attributable to owners of the Company) 【Progress Overview】 (Billions of Yen) 1Q 2Q 3Q 4Q Forecast 合計 Downward revision to forecasts based on third-quarter 30.5 performance in coal businesses 6.9 20.1 7.4 8.1 13.0 FY2020 FY2020 FY2020 8.0 FY 2019 3Q FY2
Slide 24: Metals & Mineral Resources Year on Year Main Factors Behind Difference
Metals & Mineral Resources Year on Year Main Factors Behind Difference (Billions of Yen) 12.0 (6.5) 71 (0.7) (1.0) Steel Coal Ferroalloys Metal One (5.7) and non- SDPL* (4.8) ferrous metals Industrial minerals Nickel (0.4) Aluminum (0.2) Carbon (5.5) Others products (0.9) (0.7) (2.4) Impact of commo
Slide 25: Chemicals
Chemicals Profit for the year (attributable to owners of the Company) 1Q 2Q 3Q 4Q Forecast 合計 【Progress Overview】 (Billions of Yen) Upward revision to forecasts in reflection of strong 9.0 9.3 performance based on steady progress of plastic resin transactions in China 2.0 3.2 5.0 5.5 FY2020 2.2 1.3
Slide 26: Foods & Agriculture Business
Foods & Agriculture Business Profit for the year (attributable to owners of the Company) (Billions of Yen) 1Q 2Q 3Q 4Q Forecast 合計 【Progress Overview】 Performance generally as forecast 4.5 0.0 2.3 3.0 1.4 2.3 0.6 FY2020 FY2020 0.0 FY 2019 3Q FY2020 3Q 0.9 Difference Initial Revised 0.2 Results Resul
Slide 27: Retail & Lifestyle Business
Retail & Lifestyle Business Profit for the year (attributable to owners of the Company) 【Progress Overview】 (Billions of Yen) 1Q 2Q 3Q 4Q Forecast 合計 Forecasts left unchanged to account for concern over domestic consumption stagnation 5.7 6.0 5.5 0.9 1.3 4.0 FY2020 FY2020 FY 2019 3Q FY2020 3Q Revise
Slide 28: Industrial Infrastructure & Urban Development
Industrial Infrastructure & Urban Development Profit for the year(attributable to owners of the Company) (Billions of Yen) 1Q 2Q 3Q 4Q Forecast 合計 【Progress Overview】 Performance generally as forecast 1.5 1.3 1.1 0.5 FY 2019 3Q FY2020 3Q FY2020 Difference Results Results Forecast 1.3 1.5 （Billions o
Slide 29: Profit or Loss of Major Subsidiaries and Associates
Profit or Loss of Major Subsidiaries and Associates (Billions of Yen) Subsidiary/ FY2019 FY2020 Segment Company Difference Associate 3Q 3Q ■ Automotive Sojitz Autrans Corporation Subsidiary 0.6 0.1 (0.5) ■ Automotive Sojitz Automotive Group, Inc Subsidiary 0.8 0.5 (0.3) ■ Automotive Sojitz de Puerto
Slide 30: Profit or Loss of Major Subsidiaries and Associates
Profit or Loss of Major Subsidiaries and Associates (Billions of Yen) Subsidiary/ FY2019 FY2020 Segment Company Difference Associate 3Q 3Q ■ Chemicals Sojitz Pla-Net Corporation Subsidiary 0.6 0.8 0.2 ■ Chemicals PT. Kaltim Methanol Industri Subsidiary 2.4 0.1 (2.3) ■ Chemicals solvadis deutschland
Slide 31: Supplemental Data: Summary of Financial Results
【Supplemental Data】 Ⅱ. Summary of Financial Results Copyright © Sojitz Corporation 2021 31
Slide 32: Summary of Profit or Loss (Results)
Summary of Profit or Loss (Results) FY2020 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 (Billions of Yen) 3Q Net sales 3,844.4 4,014.6 4,321.7 3,934.5 4,046.6 4,105.3 4,006.6 3,745.5 4,209.1 － － － (JGAAP) Revenue － － 2,006.6 1,747.8 1,803.1 1,809.7 1,658.1 1,555.3 1,8
Slide 33: Summary of Balance Sheets (Results)
Summary of Balance Sheets (Results) End of End of End of End of End of End of End of End of End of End of End of End of Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Dec. (Billions of Yen) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Total assets 2,160.9 2,117.0 2,190.7 2,150
Slide 34: Summary of Cash Flow (Results)
Summary of Cash Flow (Results) End of End of End of End of End of End of End of End of End of End of End of End of Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Dec. (Billions of Yen) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Core cash flow ー ー ー ー ー ー 18.3 5.5 (56.7) 63.1
Slide 35: Summary of Profit or Loss
Summary of Profit or Loss (Billions of Yen) 3.0% 80.0 3.0% Profit for the Year* ROA 2.7% 70.0 2.5% 70.4 60.0 60.8 1.9% 56.8 2.0% 50.0 1.7% 1.5% 40.0 40.8 36.5 30.0 33.1 1.0% 20.0 10.0 0.0 0.0% FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 Results Results Results Results Results Results * Attributable to
Slide 36: Summary of Balance Sheets
Summary of Balance Sheets (Billions of Yen) (Times) Net Interest-Bearing Debt Total Equity Net DER 700.0 1.5 629.6 603.5 618.2 611.1 613.2 586.4 584.7 579.1 600.0 571.6 550.9 550.5 520.3 500.0 1.1 1.1 1.1 1.0 1.1 1.0 400.0 1.0 300.0 0.5 200.0 100.0 0.0 0.0 End of End of End of End of End of End of M
Slide 37: Summary of Cash Flow
Summary of Cash Flow (Billions of Yen) Cash flows from operating activities Cash flows from investing activities Free cash flow Core cash flow 150.0 135.7 107.2 99.9 98.8 96.5 100.0 88.7 67.9 63.1 55.1 66.0 47 50.0 48.0 46.4 39.1 40.5 43.4 28.4 54.3 22.5 25.3 18.3 0.9 5.5 12.4 4.8 0.0 1.3 (11.7) (13
Slide 38: Copyright © Sojitz Corporation 2021
Copyright © Sojitz Corporation 2021 38