Hitachi, Ltd. · TSE:6501

Hitachi — Hitachi Ltd Ord — FY2024 Earnings Presentation

34 slides from Hitachi's earnings presentation, Apr 28, 2025

  1. Slide 1: Outline of Consolidated Financial Results for the Year Ended March 31, 2025

    Outline of Consolidated Financial Results for the Year Ended March 31, 2025 [Fiscal 2024] Hitachi, Ltd. Senior Vice President and Executive Officer, CFO Tomomi Kato April 28th, 2025 ©Hitachi, Ltd. 2025. All rights reserved

  2. Slide 2: Contents

    Contents 1. Key Messages 2. FY2024 Results 3. FY2025 Outlooks 4. Performance by Business Segment Appendices 2 ©Hitachi, Ltd. 2025. All rights reserved

  3. Slide 3: Key Messages: FY2024 Results

    Key Messages 1. FY2024 Results GEM performed well with transmission equipment upgrades projects, as well as renewable energy projects, Performance while DSS benefited from the tailwind of DX/modernization in the Japanese IT market. CI achieved solid Overview performance in both Japanese and overseas

  4. Slide 4: Key Messages: FY2025 Outlooks

    Key Messages 1. FY2025 Outlooks Amid growing uncertainty in the global economy triggered by the U.S. reciprocal tariffs policy, we expect the Performance momentum of DX and GX to remain unchanged in the medium to long term. Despite reflecting the estimated Overview direct risk impact of the U.S. rec

  5. Slide 5: Topics: U.S. Reciprocal Tariff Impacts

    Topics (U.S. Reciprocal Tariff Impacts) ✓ Assuming all tariff rates announced on April 2nd (U.S. time) are applied, we bake the estimated direct risk impact of the U.S. reciprocal tariffs policy into Adj. EBITA at 30.0 bn yen and into net income at 35.0 bn yen ✓In the Power Grids business, the main

  6. Slide 6: Topics: the Business of Hitachi Energy

    Topics (the Business of Hitachi Energy) ✓ Continue to drive revenue growth from strong order backlog and by investing in capacity expansion. Increase particularly in North America and Europe. Continued strong market outlook to achieve a CAGR of 12-14% (FY24-FY30) ✓ Established a dedicated Service Bu

  7. Slide 7: Contents

    Contents 1. Key Messages 2. FY2024 Results 3. FY2025 Outlooks 4. Performance by Business Segment Appendices 7 ©Hitachi, Ltd. 2025. All rights reserved

  8. Slide 8: FY2024 Highlights

    FY2024 Highlights ✓ Three Sectors achieved revenue growth (YoY +14%) and Adj. EBITA increase (YoY: +290.7 billion yen, +34%), leading to improved profitability ✓ Core FCF increased YoY due to advances received for large projects etc. ✓ With the improvement in Adj. EBITA margin, ROIC also improved Bi

  9. Slide 9: Breakdown of YoY Changes in Revenue and Adj. EBITA in FY2024

    Breakdown of YoY Changes in Revenue and Adj. EBITA in FY2024 Billions of yen 9,728.7 +711.3 9,783.3 +282.6 +225.0 Revenues (1,164.3) ⊕ Hitachi Energy ⊕ Digital Systems & Services Acquisition of Foreign FY23 Astemo Thales GTS Others FY24 Exchange +251.6 1,141.8 918.1 +24.1 +15.0 (67.0) Adj. EBITA ⊕ C

  10. Slide 10: Financial Position and Cash Flows

    Financial Position and Cash Flows Summary of Consolidated Financial Position As of As of Difference from Billions of yen March 31, 2024 March 31, 2025 March 31, 2024 Total assets 12,221.2 13,284.8 +1,063.5 Cash and cash equivalents 705.3 866.2 +160.8 Trade receivables and contract assets 2,991.3 3,4

  11. Slide 11: Regional Revenues in FY2024

    Regional Revenues in FY2024 ✓ DSS benefited from the tailwind of DX/modernization in the Japanese IT market ✓ GEM was driven by the Power Grids business, which performed well with renewable energy projects as well as transmission equipment upgrades projects, mainly in North America and Europe, and t

  12. Slide 12: Orders Results by Business Segment in Q4 FY2024/FY2024

    Orders Results by Business Segment in Q4 FY2024／FY2024 GEM, which performed well with renewable energy projects and transmission equipment upgrades, and DSS, which benefited from the tailwinds of DX/modernization in the Japanese IT market, drove growth Billions of yen Q4 FY24 YoY FY24 YoY Q4 FY24 Yo

  13. Slide 13: Contents

    Contents 1. Key Messages 2. FY2024 Results 3. FY2025 Outlooks 4. Performance by Business Segment Appendices 13 ©Hitachi, Ltd. 2025. All rights reserved

  14. Slide 14: Changes in Reporting Segments

    Changes in Reporting Segments Main changes ✓ GEM sector was separated into Energy sector and Mobility sector ✓ Hitachi Power Solutions was transferred from GEM to CI Old reporting segment structure New reporting segment structure (From FY2025) Segment BU / Subsidiary / Business Segment BU / Subsidia

  15. Slide 15: FY2025 Highlights

    FY2025 Highlights ✓ Amid growing uncertainty in the global economy triggered by the U.S. reciprocal tariffs policy, we expect the momentum of DX and GX to remain unchanged in the medium to long term and forecast continued growth in Energy sector, DSS sector, and Mobility sector ✓ Adj. EBITA is forec

  16. Slide 16: Breakdown of YoY Changes in Revenues and Adj. EBITA in FY2025

    Breakdown of YoY Changes in Revenues and Adj. EBITA in FY2025 Billions of yen [YoY +6%] +621.7 10,405.0 [YoY +3%] 10,100.0 9,783.3 (305.0) Revenues DSS・Energy・ Subtotal Foreign FY24 Exchange FY25 Mobility・Others +133.5 1,174.0 1,083.5 (43.0) 1,110.0 (34.0) Adj. EBITA (30.0) DSS・Energy Strategic Fore

  17. Slide 17: Breakdown of YoY Changes in Net income / Core FCF in FY2025

    Breakdown of YoY Changes in Net income / Core FCF in FY2025 Billions of yen +135.0 +42.5 710.0 (81.5) (35.0) +33.3 Net Income 615.7 (Attributable to Hitachi, Ltd. Shareholders) FX Gain on sale of (including Non-operating income Incorporating FY24 Adj. Operating Air conditioning JV and expenses the d

  18. Slide 18: Contents

    Contents 1. Key Messages 2. FY2024 Results 3. FY2025 Outlooks 4. Performance by Business Segment Appendices 18 ©Hitachi, Ltd. 2025. All rights reserved

  19. Slide 19: DSS: Performance by Business Segment in FY2024

    DSS: Performance by Business Segment in FY2024 FY2024 YoY vs Previous Forecasts Billions of yen Revenues Adj. EBITA Revenues Adj. EBITA Revenues Adj. EBITA Digital Systems & Services 2,832.5 397.3 +9% +63.9 (1)% +17.3 14.0% [+7%] (*) +1.2 pts +0.7 pts Front Business 1,228.0 154.4 +11% +30.6 ±0% +4.4

  20. Slide 20: DSS: Performance by Business Segment in FY2025

    DSS: Performance by Business Segment in FY2025 FY2024 FY2025 YoY Billions of yen Revenues Adj. EBITA(*) Revenues Adj. EBITA Revenues Adj. EBITA Digital Systems & Services 2,832.5 394.0 3,020.0 437.0 +7% +42.9 (*) 13.9% 14.5% [+8%] +0.6 pts Front Business 1,228.0 153.2 1,295.0 172.5 +5% +19.3 12.5% 1

  21. Slide 21: GEM: Performance by Business Segment in FY2024

    GEM: Performance by Business Segment in FY2024 FY2024 YoY vs Previous Forecasts Billions of yen Revenues Adj. EBITA Revenues Adj. EBITA Revenues Adj. EBITA Green Energy & Mobility 3,915.5 369.0 +28% +169.8 +4% +29.0 9.4% [+24%] (*) +2.9 pts +0.4 pts Nuclear Energy & Hitachi Power 326.8 27.3 (6)%(*)

  22. Slide 22: Energy/Mobility: Performance by Business Segment in FY2025

    Energy／Mobility: Performance by Business Segment in FY2025 FY2024 FY2025 YoY Billions of yen Revenues Adj. EBITA(*) Revenues Adj. EBITA Revenues Adj. EBITA Energy 2,627.0 252.0 2,810.0 314.0 +7% +61.9 (*) 9.6% 11.2% [+12%] +1.6 pts Power Grid 2,417.1 231.7 2,625.0 305.7 +9% 74.0 9.6% 11.6% +2.0 pts

  23. Slide 23: CI: Performance by Business Segment in FY2024

    CI: Performance by Business Segment in FY2024 FY2024 YoY vs Previous Forecasts Billions of yen Revenues Adj. EBITA Revenues Adj. EBITA Revenues Adj. EBITA Connective Industries 3,163.1 362.0 +3% +41.3 ±0% +1.0 (*) 11.4% [2%] +0.9 pts (0.1) pts Building Systems 932.6 111.3 +1% +14.3 ±0% +4.3 11.9% +1

  24. Slide 24: CI: Performance by Business Segment in FY2025

    CI: Performance by Business Segment in FY2025 FY2024 FY2025 YoY Billions of yen Revenues Adj. EBITA(*) Revenues Adj. EBITA Revenues Adj. EBITA Connective Industries 3,280.3 345.3 3,230.0 346.0 (2)% +0.6 10.5% 10.7% [±0%](*) +0.2 pts Urban Systems 1,300.2 129.7 1,205.0 118.5 (7)% (11.2) 10.0% 9.8% (0

  25. Slide 25: Lumada Business

    Lumada Business FY22 FY23 FY24 FY25 Lumada business revenue ratio 26% 27% 31% 38% Lumada business Adj. EBITA margin 14% 15% 15% 16% 3,900.0 3,021.0 (YoY +28%) 2,334.0 (YoY +29%) Billions of yen (YoY +19%) 1,800.0 Lumada business 1,334.0 1,405.0 revenues(*) 1,003.0 864.0 2,100.0 (*) Excluding Astemo

  26. Slide 26: Contents

    Contents 1. Key Messages 2. FY2024 Results 3. FY2025 Outlooks 4. Performance by Business Segment Appendices 26 ©Hitachi, Ltd. 2025. All rights reserved

  27. Slide 27: Consolidated Total: Performance by Business Segment in FY2024

    Consolidated Total: Performance by Business Segment in FY2024 Q4 FY2024 YoY FY2024 YoY vs Previous Forecasts Billions of yen Revenues Adj. EBITA Revenues Adj. EBITA Revenues Adj. EBITA Revenues Adj. EBITA Revenues Adj. EBITA Digital Systems & 823.3 130.9 +6% +19.6 2,832.5 397.3 +9% +63.9 (1)% +17.3

  28. Slide 28: Consolidated Total: Performance by Business Segment in FY2025

    Consolidated Total: Performance by Business Segment in FY2025 FY2024 FY2025 YoY Billions of yen Revenues Adj. EBITA(*) Revenues Adj. EBITA(*) Revenues Adj. EBITA(*) Digital Systems & Services 2,832.5 394.0 3,020.0 437.0 +7% +42.9 13.9% 14.5% [+8%] (*) +0.6 pts Energy 2,627.0 252.0 2,810.0 314.0 +7%

  29. Slide 29: Summary of Consolidated Statement of Profit & Loss

    Summary of Consolidated Statement of Profit & Loss vs Previous Q4 FY23 Q4 FY24 YoY FY23 FY24 YoY Forecasts Billions of yen Revenues 2,510.5 2,772.1 +10% 9,728.7 9,783.3 +1% +1% Adj. Operating Income 230.1 316.6 +86.5 755.8 971.6 +215.7 +41.6 Equity in earnings of affiliates +32.6 +29.7 (2.9) +75.2 +

  30. Slide 30: Summary of Consolidated Statement of Profit & Loss

    Summary of Consolidated Statement of Profit & Loss FY2024 FY2025 YoY Billions of yen Revenues 9,783.3 10,100.0 +3% Adj. Operating Income 971.6 1,005.0 +33.3 Acquisition-related amortization +111.9 +105.0 (6.9) to be added back Adjusted EBITA (Updated Definition) 1,083.5 1,110.0 +26.4 Equity in earni

  31. Slide 31: Lumada 3.0

    Lumada Business Create value from an expanding installed base with Lumada, enhanced by domain knowledge and AI Lumada 2.0 Lumada 3.0 Managed Digital services engineering Connected System products integration 3.9 Trillion yen /38% Adj. EBITA margin 16% Lumada revenues / revenue ratio 3.0 Trillion yen

  32. Slide 32: Notes

    Notes Items Contents Three sectors Consolidated Total less equity in earnings of Astemo as an affiliated company and consolidated figures of Astemo prior to be (excl. Astemo) accounted for using the equity method, includes "Others" and "Corporate items & Eliminations" DSS / GEM / CI Digital Systems

  33. Slide 33: Cautionary Statement

    Cautionary Statement Certain statements found in this document may constitute “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such “forward-looking statements” reflect management’s current views with respect to certain future events and financial

  34. Slide 34: HITACHI

    HITACHI

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