Sony Group Corporation · TSE:6758

Sony — Q2 2020 Earnings Presentation

14 slides from Sony's earnings presentation, Oct 28, 2020

  1. Slide 1: Q2 FY2020 Consolidated Financial Results

    Q2 FY2020 Consolidated Financial Results (Three months ended September 30, 2020) October 28, 2020 Sony Corporation Q2 FY2020 Consolidated Results (Bln Yen) Q2 FY19 Q2 FY20 Change Sales & operating revenue 2,122.3 2,113.5 -8.8 bln yen （-0%） Operating income 279.0 317.8 +38.8 bln yen （+14%） Income bef

  2. Slide 2: Q2 FY2020 Consolidated Results: Year-on-year Change

    Q2 FY2020 Consolidated Results: Year-on-year Change Year-on-year Contributing Factors Change (+) Increase／(-) Decrease ・(-) Significant decrease in Pictures segment sales Sales & operating -8.8 bln yen ・(+) Significant increase in G&NS segment sales revenue -0% On a constant currency basis*, sales w

  3. Slide 3: Adjusted Income Before Income Taxes (Q2)

    Adjusted Income Before Income Taxes (Q2) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes Q2 FY19 262.1 bln yen 262.1 bln yen  Gain recorded in connection with a business transfer (Music segment: +5.4 billion yen)  Inv

  4. Slide 4: Adjusted Net Income Attributable to Sony Corporation's Stockholders (Q2)

    Adjusted Net Income Attributable to Sony Corporation’s Stockholders (Q2) FY19 (Bln Yen) Net Income Attributable to Income Before Effective Taxes Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 262.1 61.9 23.6％ 187.9 Adjusted items impacting effective tax rate Reduction in tax

  5. Slide 5: 1H FY2020 Consolidated Results

    1H FY2020 Consolidated Results (Bln Yen) 1H FY19 1H FY20 Change Sales & operating revenue 4,048.0 4,082.4 +34.4 bln yen （+1%） Operating income 509.9 546.2 +36.3 bln yen （+7%） Income before income taxes 493.1 619.5 +126.4 bln yen （+26%） Net income attributable to Sony Corporation’s stockholders 340.0

  6. Slide 6: Adjusted Income Before Income Taxes (1H)

    Adjusted Income Before Income Taxes (1H) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes  Patent royalty revenue resulting from the signing of a 1H FY19 493.1 bln yen 485.2 bln yen licensing agreement (+7.9 bln yen) 

  7. Slide 7: Adjusted Net Income Attributable to Sony Corporation's Stockholders (1H)

    Adjusted Net Income Attributable to Sony Corporation’s Stockholders (1H) FY19 (Bln Yen) Net Income Attributable to Income Before Effective Taxes Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 493.1 126.9 25.7％ 340.0 Adjusted items impacting effective tax rate Reduction in ta

  8. Slide 8: FY2020 Consolidated Results Forecast

    FY2020 Consolidated Results Forecast (Bln Yen) FY20 FY20 Change from FY19 August FCT October FCT August FCT Sales & operating revenue 8,259.9 8,300 8,500 +200 bln yen （+2%） Operating income 845.5 620 700 +80 bln yen （+13%） Income before income taxes 799.5 685 765 +80 bln yen （+12%） Net income attrib

  9. Slide 9: Game & Network Services Segment and Music Segment

    Game & Network Services Segment (“G&NS Segment”) Sales and Operating Income (Bln Yen) Q2 FY2020 (year-on-year) Sales Operating Income  Sales: 52.2 bln yen (11%) significant increase (FX Impact: +2.3 bln yen) 506.6 454.4 ꞏ(+) Increase in game software sales ꞏ(+) Increase in sales for PlayStation®Plu

  10. Slide 10: Pictures Segment and Electronics Products & Solutions Segment

    Pictures Segment Sales and Operating Income Q2 FY2020 (year-on-year) (Bln Yen) Sales The following analysis is on a U.S. dollar basis Operating Income 260.6  Sales: 68.3 bln yen (26%) significant decrease (U.S. dollar basis: -615 mil USD / -25%) 192.3 ꞏ(--) Significant decrease in theatrical revenu

  11. Slide 11: Imaging & Sensing Solutions Segment and Financial Services Segment

    Imaging & Sensing Solutions Segment (“I&SS Segment”) Sales and Operating Income Q2 FY2020 (year-on-year) (Bln Yen) Sales  Sales: 3.6 bln yen (1%) decrease (FX Impact: -2.9 bln yen) Operating Income 310.7 307.1 ꞏ(--) Decrease in sales of image sensors for digital cameras  OI: 26.5 bln yen significa

  12. Slide 12: Cash, Debt Balance (Sony without Financial Services)

    Cash, Debt Balance (Sony without Financial Services) （Bln Yen） Cash and cash equivalents（Cash） The six months ended September 30, 2020 The six months ended September 30, 2019 Short-term borrowings Long-term debt 1,275.8 Short-term operating Debt lease liabilities + 962.3 960.5 Long-term operating Ca

  13. Slide 13: Q2 FY2019 Cash Flow Analysis (Sony without Financial Services)

    Q2 FY2019 Cash Flow (CF) Analysis (Sony without Financial Services) （Bln Yen） As of March 31, 2019 As of September 30, 2019 Cash – Debt*1 (Net Cash Operating CF +89.7 Investing CF -78.2 Other -172.3 Position) +397.7 -445.8 (Deterioration) -48.2 Adjusted Depreciation net income* 2 and amortization* 3

  14. Slide 14: Cautionary Statement

    Cautionary Statement Statements made in this presentation with respect to Sony’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony. Forward-looking statements include, but are not li

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