Sony Group Corporation · TSE:6758

Sony — Q3 2019 Earnings Presentation

14 slides from Sony's earnings presentation, Feb 4, 2020

  1. Slide 1: Q3 FY2019 Consolidated Financial Results

    Q3 FY2019 Consolidated Financial Results (Three months ended December 31, 2019) February 4, 2020 Sony Corporation Q3 FY2019 Consolidated Results (Bln Yen) Q3 FY18 Q3 FY19 Change Sales & operating revenue 2,401.8 2,463.2 +61.4 bln yen （+3%） Operating income 377.0 300.1 -76.9 bln yen （-20%） Income bef

  2. Slide 2: Q3 FY2019 Consolidated Results: Year-on-year Change

    Q3 FY2019 Consolidated Results: Year-on-year Change Contributing Factors Year-on-year Change (+) Increase／(-) Decrease ꞏ(+) Significant increases in Financial Services and I&SS segment sales Sales & operating +61.4 bln yen ꞏ(--) Significant decrease in G&NS segment sales revenue +3 % On a constant c

  3. Slide 3: Adjusted Income Before Income Taxes (Q3)

    Adjusted Income Before Income Taxes (Q3) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes  Remeasurement gain resulting from the consolidation of EMI Q3 FY18 340.5 bln yen 223.6 bln yen (Music segment: +116.9 bln yen) 

  4. Slide 4: Adjusted Net Income Attributable to Stockholders (Q3)

    Adjusted Net Income Attributable to Sony Corporation’s Stockholders (Q3) (Bln Yen) FY18 Net Income Attributable to Income Before Effective Taxes Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 340.5 -100.7 -29.6％ 429.0 Adjusted items impacting effective tax rate Remeasurement

  5. Slide 5: Q1-Q3 FY2019 Consolidated Results

    Q1-Q3 FY2019 Consolidated Results (Bln Yen) Q1-Q3 FY18 Q1-Q3 FY19 Change Sales & operating revenue 6,538.2 6,511.1 -27.0 bln yen （-0%） 811.5 810.0 -1.5 bln yen Operating income （-0%） 899.0 803.4 -95.6 bln yen Income before income taxes （-11%） 828.4 569.5 -258.9 bln yen Net income attributable to Son

  6. Slide 6: Adjusted Income Before Income Taxes (Q1-Q3)

    Adjusted Income Before Income Taxes (Q1-Q3) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes  Realized and unrealized gains on shares of Spotify （+117.8 bln yen, net)  Remeasurement gain resulting from the consolidatio

  7. Slide 7: Adjusted Net Income Attributable to Stockholders (Q1-Q3)

    Adjusted Net Income Attributable to Sony Corporation’s Stockholders (Q1-Q3) (Bln Yen) FY18 Net Income Attributable Income Before Effective Taxes to Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 899.0 33.8 3.8％ 828.4 Adjusted items impacting effective tax rate Remeasurement

  8. Slide 8: FY2019 Consolidated Results Forecast

    FY2019 Consolidated Results Forecast (Bln Yen) FY19 FY19 Change from FY18 October FCT February FCT October FCT +100 bln yen Sales & operating revenue 8,665.7 8,400 8,500 （+1%） Operating income 894.2 840 880 +40 bln yen （+5%） Income before income taxes 1,011.6 800 860 +60 bln yen （+8%） Net income att

  9. Slide 9: FY2019 Results Forecast by Segment [Reclassified]

    FY2019 Results Forecast by Segment [Reclassified] (Bln Yen) FY19 FY19 Change from FY18 October FCT February FCT October FCT Game & Network Services Sales 2,310.9 2,000 1,950 -50 (G&NS) Operating income 311.1 240 235 -5 Sales 807.5 850 850 - Music Operating income 232.5 140 140 - Sales 986.9 1,030 1,

  10. Slide 10: Music Segment and Pictures Segment

    Music Segment Sales and Operating Income Sales (Bln Yen) Q3 FY2019 (year-on-year) Operating Income  Sales: 7.6 bln yen (4%) increase (FX Impact: -5.4 bln yen) ꞏ(+) Higher sales for Music Publishing resulting from the consolidation of EMI ꞏ(+) Higher sales for Recorded Music primarily due to an incr

  11. Slide 11: Electronics Products & Solutions and Imaging & Sensing Solutions Segments

    Electronics Products & Solutions Segment (EP&S Segment) Sales and Operating Income (Bln Yen) Q3 FY2019 (year-on-year) Sales Operating Income  Sales: 62.7 bln yen (9%) decrease (FX Impact: -23.0 bln yen) 713.1 650.4 ꞏ(--) Decrease in unit sales of smartphones and televisions ꞏ(--) Impact of foreign

  12. Slide 12: Financial Services Segment; Cash, Debt Balance

    Financial Services Segment Financial Services Revenue and Operating Income (Bln Yen) Q3 FY2019 (year-on-year) Financial Services Revenue Operating Income  Revenue: 243.6 bln yen (149%) significant increase 407.2 ꞏ(+) Significant increase in revenue at Sony Life (238.3 bln yen increase, revenue: 368

  13. Slide 13: Q3 FY2019 Cash Flow Analysis (Sony without Financial Services)

    Q3 FY2019 Cash Flow (CF) Analysis (Sony without Financial Services) (Bln Yen) As of March 31, 2019 As of December 31, 2019 Cash – Debt*1 (Net Cash Operating CF +494.0 Investing CF -249.5 Other -269.2 Position) +397.7 -308.2 (Deterioration) +89.5 Adjusted Depreciation Increase Other net income* 2 and

  14. Slide 14: Notes and Cautionary Statement

    Notes Sales on a Constant Currency Basis and the Impact of Foreign Exchange Rate Fluctuations The descriptions of sales on a constant currency basis reflect sales calculated by applying the yen’s monthly average exchange rates from the same period of the previous fiscal year to local currency-denomi

Sony Group — Q3 2019 Earnings Presentation on 6ix