Slide 1: Consolidated Performance Briefing FY2024 1Q
SUMIDA CORPORATION Consolidated Performance Briefing <FY2024 1Q ended March 31, 2024> May 1, 2024
Slide 2: FY2024 1Q Performance Results
FY2024 1Q Performance Results CEO Kanji Hori Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 2
Slide 3: Revenue & Operating Profit
Revenue & Operating Profit （100 million JPY = Oku yen） +2.1% Revenue in local currencies decreased, 376.6 377.1 affected by global economic slowdown, 367.3 363.1 355.5 etc. The main reasons for the year-on-year decrease in operating profit: 29.7 Increase in fixed costs due to lower 22.5 21.7 1
Slide 4: Revenue by Market & by Region
Revenue by Market & by Region （100 million JPY = Oku yen） Automotive +7.6% 228.8 Asia (excl. China/Taiwan) China/Taiwan 212.7 +12,7% 88.1 -13.6% 23.1Q 24.1Q 64.1 55.4 78.2 Industrial +3.4% 23.1Q 24.1Q 23.1Q 24.1Q 90.5 93.6 North America/Others Europe 23.1Q 24.1Q +6.8% 162.2 151.9 CE 61.1 -6.2% -22.2
Slide 5: Outlook for FY2024 2Q
Outlook for FY2024 2Q Comparison with 1Q Action Items in 2Q and beyond The overall market environment remains Further reduce factory overhead costs challenging. Execute short-time work Automotive: ICE-related demand expands. Accelerate launch of mass production of Industrial: Demand weak
Slide 6: FY2024 1Q Financial Results
FY2024 1Q Financial Results CFO Masaru Tarui Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 6
Slide 7: Consolidated P/L for FY2024 1Q
Consolidated P/L for FY2024 1Q (million yen) 23.1Q 23.4Q 24.1Q Change Change (A) (B) (C) (C)/(A) (C)/(B) Revenue 35,552 36,739 36,313 2.1% △1.2％ Operating Profit 2,259 1,149 1,194 △47.2% 3.9% OP % 6.4% 3.1% 3.3% Profit before income taxes 1,623 386 464 △71.4% 20.2% Profit Attributable to Owners of P
Slide 8: Operating Profit Bridge Analysis - 2024.1Q vs 2023.4Q
Operating Profit Bridge Analysis - 2024.1Q vs 2023.4Q - Decrease in (million yen) Decrease in Manufacturing Material Overheads Cost 26 79 Efficiency 187 24.1Q 23.4Q Operating Operating Revenue profit profit decrease Ex-rate 1,194 1,149 △110 impact Increase in △49 Wage Increase in Others △46 fixed co
Slide 9: Operating Profit Bridge Analysis - 2024.1Q vs 2023.1Q
Operating Profit Bridge Analysis - 2024.1Q vs 2023.1Q - Decrease in Ex-rate Material (million yen) impact Cost 224 19 Efficiency 23.1Q 243 Operating profit 2,259 Increase in fixed costs due to lower Production volume Increase in △592 24.1Q Manufacturing Overheads Operating △432 profit Revenue 1,194
Slide 10: Quarterly Revenue/Operating Profit
Quarterly Revenue/Operating Profit Revenue (million yen) 1Q 2Q 3Q 4Q 40,000 40,000 40,000 40,000 30,000 30,000 30,000 30,000 20,000 20,000 20,000 20,000 10,000 10,000 10,000 10,000 0 0 0 0 19 20 21 22 23 24 19 20 21 22 23 24 19 20 21 22 23 24 19 20 21 22 23 24 Operating Profit 1Q 2Q 3Q 4Q 4,000 4,00
Slide 11: Consolidated Balance Sheets
Consolidated Balance Sheets (million yen) 2023 Dec 31 2024 Mar 31 Change 2023 Dec 31 2024 Mar 31 Change Current Assets 67,648 72,988 5,340 Current Liabilities 55,550 61,449 5,899 Cash & Cash Equivalents 3,107 6,002 2,894 Trade & Other Payables 15,036 14,504 △531 Trade & Other Receivables 28,324 30,4
Slide 12: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows (million yen) 23.1Q 24.1Q Change Cash Flow from Operating Activities 3,285 2,571 △714 Profit before Taxes 1,623 464 △1,158 Depreciation and Amortization 2,150 2,626 475 Net Working Capital 646 △452 △1,099 Others △1,134 △67 1,067 Cash flow from Investing Activitie
Slide 13: Revenue Actual and Target by Market
Revenue Actual and Target by Market 2023 Actual (100 million yen = Oku yen) 14% Automotive Industrial 2023 Actual 2024 Target Change ％ 27% CE 59% Automotive 868 955 9.9% Industrial 401 453 12.9% 2024 Target 11% Consumer Automotive Electronics 207 178 △14.0% (CE) Industrial 29% CE 60% Total 1,476 1,5
Slide 14: Green Energy-related Revenue
Green Energy-related Revenue (million yen) 2023- 23.1Q 24.1Q Change 2023 2026 23.2Q 23.3Q 23.4Q 2026 (A) (B) (B)/(A) Actual Target CAGR % xEV – Automotive 5,338 4,411 5,061 5,271 4,857 △9.0% 20,083 31,000 15.6% xEV – Industrial 1,134 2,755 1,877 2,272 2,621 131.1% 8,040 20,000 35.5% (Quick charger f
Slide 15: Financial Analysis (Reference)
Financial Analysis REFERENCE Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 15
Slide 16: Capex, Depreciation, R&D Expenses
Capex, Depreciation, R&D Expenses (million yen) 23.1Q 24.1Q 2024 Plan Capex 2,040 2,384 10,000 Depreciation 2,150 2,626 9,944 R&D expenses 1,208 1,439 5,868 Capex Depreciation R&D expenses 10,000 10,000 10,000 8,000 8,000 8,000 6,000 6,000 6,000 4,000 4,000 4,000 2,000 2,000 2,000 0 0 0 23.1Q 24.1Q
Slide 17: Quarterly Revenue by Business Segment
Quarterly Revenue by Business Segment (million yen) 23.1Q 23.4Q 24.1Q Change Change (A) (B) (C) (C)/(A) (C)/(B) Asia Pacific business 21,368 21,548 21,264 △0.5% △1.3% Europe business 14,184 15,190 15,049 6.1％ △0.9％ Total 35,552 36,739 36,313 2.1％ △1.2％ Copyright© 2024 SUMIDA CORPORATION. All rights
Slide 18: Exchange Rate Sensitivity
Exchange Rate Sensitivity (million yen) Sensitivity for Currency 2024 Plan Fluctuation Operating profit (1Q) USD 144.00 1 yen 53 EUR 158.00 1 yen 8 CNY 20.24 0.1 yen △28 Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 18
Slide 19: Quarterly Revenue by Market
Quarterly Revenue by Market (million yen) Automotive Industrial Consumer Electronics 25,000 22,905 22,886 22,008 21,278 20,674 20,000 15,000 11,056 10,375 9,634 9,360 10,000 9,051 5,932 5,222 5,336 5,000 4,201 4,066 0 23.1Q 23.2Q 23.3Q 23.4Q 24.1Q 23.1Q 23.2Q 23.3Q 23.4Q 24.1Q 23.1Q 23.2Q 23.3Q 23.4
Slide 20: Quarterly Revenue by Destination
Quarterly Revenue by Destination (million yen) Japan/ Europe China/Taiwan Asia (excl. China/Taiwan) North America/Others 16,000 14,943 14,332 14,388 14,068 13,785 14,000 12,000 10,000 9,464 8,000 8,123 8,320 8,318 8,251 8,112 7,726 7,220 6,953 7,197 7,143 6,845 6,937 6,000 5,950 5,910 4,000 2,000 0
Slide 21: Disclaimer Regarding Forward-Looking Statements
Disclaimer Regarding Forward-Looking Statements The statements contained in this document include forward-looking statements about the Company. These forward-looking statements are based on information currently available to the Company. Please note that actual results may differ from these forward-
Slide 22: Global | Speed | Focus
Global | Speed |. Focus