Sumida Corporation · TSE:6817

Sumida — FY2021 Earnings Presentation

26 slides from Sumida's earnings presentation, Feb 4, 2022

  1. Slide 1: Consolidated Performance Briefing FY2021 4Q & Full Year

    SUMIDA CORPORATION (6817) Feb. 4, 2022 SUMIDA CORPORATION Consolidated Performance Briefing <FY2021 4Q & Full Year Ending December 31, 2021> February 4, 2022 FY2021 Q4, Full-Year Performance Briefing 1

  2. Slide 2: Agenda

    SUMIDA CORPORATION (6817) Feb. 4, 2022 1. FY2021 4Q & Full-Year Performance Results 2. FY2022 Performance Forecast President : Kanji Hori CFO : Yoshiyuki Honda Copyright© 2022 SUMIDA CORPORATION. All rights reserved. 2 FY2021 Q4, Full-Year Performance Briefing 2

  3. Slide 3: FY2021 4Q Performance Results

    SUMIDA CORPORATION (6817) Feb. 4, 2022 FY2021 4Q Performance Results Copyright© 2022 SUMIDA CORPORATION. All rights reserved. 3 FY2021 Q4, Full-Year Performance Briefing 3

  4. Slide 4: Sales & Operating Profit

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Sales & Operating Profit （100 million yen） +14.7%  Record-high quarterly sales was achieved in 4Q 2021.  Major reasons why operating profit declined from 4Q 266.6 274.5 50 257.6 2020. 239.3 250.5  In 4Q 2020, one-off profit of approximately 1 billon yen was

  5. Slide 5: Sales by Market and Region

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Sales by Market and Region （100 million yen） Automotive + 7.2% 158.7 148.1 Asia（excluding China/Taiwan） ） China /Taiwan + 14.9% 53.9 + 40.3% 81.8 46.9 58.3 2020 4Q 2021 4Q Industry 2020 4Q 2021 4Q 2020 4Q 2021 4Q 40.2 + 29.3% 52.0 North America/Others Europe 20

  6. Slide 6: Consolidated P/L for 4Q 2021

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Consolidated P/L for 4Q 2021 （Million yen） 20.4Q 21.3Q 21.4Q Change % Change % （A） （B) （C） （C)/(A) （C)/(B) S a l e s 23,930 26,663 27,451 14.7％ 3.0％ G r o s s P r o f i t 4,396 3,944 3,610 GP % 18.4% 14.8％ 13.2% O p e r a t i n g P r o f i t 2,721 1,488 647 △76

  7. Slide 7: Operating Profit Bridge Analysis FY2021 3Q → FY2021 4Q

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Operating Profit Bridge Analysis FY2021 3Q → FY2021 4Q FY2021 3Q （Million yen） OP 1,488 One-off item liquidation loss of HK subsidiary △415 Exp. increase △149 FY2021 4Q Wage increase Improvement of OP Others △126 production 109 647 Production Effects of sales e

  8. Slide 8: Operating Profit Bridge Analysis FY2020 4Q → FY2021 4Q

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Operating Profit Bridge Analysis FY2020 4Q → FY2021 4Q （Million yen） FY2020 4Q OP Improvement of One-off items efficiency of raw 2,721 Effects of materials use production 130 increase 369 Improvement of productivity 373 Decrease of lease liabilities Booked in 2

  9. Slide 9: FY2021 Full-Year Performance Results

    SUMIDA CORPORATION (6817) Feb. 4, 2022 FY2021 Full-Year Performance Results Copyright© 2022 SUMIDA CORPORATION. All rights reserved. 9 FY2021 Q4, Full-Year Performance Briefing 9

  10. Slide 10: Sales

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Sales （100 million yen） 1,049  The historical high annual sales was 975 943 1000 902 recorded in 2021. 862 844 810 776  EV/xEV-related business expanded 639 substantially. 513 500  Solar generators business steadily grew in Europe and the U.S. with decarboni

  11. Slide 11: Sales Breakdown

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Sales Breakdown （100 million yen） Sales % Automotive 2021 Automotive 2021 628 (+29.9%) 20% Industry 2020 483 20% 60% Consumer Industry Electronics 2021 209 (+22.8%) 2020 170 2020 23% Consumer Electronics 57% 2021 213 (+ 11.3%) 20% 2020 191 Copyright© 2022 SUMID

  12. Slide 12: Sales by Market

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Sales by Market （100 million yen） Automotive Industry Consumer Electronics 350 350 617 628 600 581 570 300 300 534 540 467 483 250 250 209 206 213 365 183 191 400 200 176 167 170 200 174 179 169 286 149 151 149 159 140 150 135 130 150 115 200 100 78 100 50 50 0

  13. Slide 13: Operating Profit

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Operating Profit （100 million yen） 63 Major positive factors to operating profit 62 in 2021 54 53  High factory utilization rate was 42 maintained with increased sales. 40.0 33 35  Productivity improved significantly. 28 18 17 Negative factors to operating pr

  14. Slide 14: Major Action Items Implemented in 2021

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Major Action Items Implemented in 2021 Image of completion of Quang Ngai  Merger of two U.S. subsidiaries as of Dec. 31, 2021 factory expansion in Vietnam We will further develop new customers in NAFTA 2nd Factory 3rd Factory Already region by maximizing syner

  15. Slide 15: Consolidated P/L for Full-Year 2021

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Consolidated P/L for Full-Year 2021 （Million yen） 2020 2021 Change % Full Year Full Year （B)/(A) （A） （B) S a l e s 84,417 104,920 24.3％ G r o s s P r o f i t 11,098 15,357 GP % 13.1％ 14.6% O p e r a t i n g P r o f i t 2,838 5,326 87.7％ OP % 3.4% 5.1% Financial

  16. Slide 16: Operating Profit Bridge Analysis FY2020 Full Year → FY2021 Full Year

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Operating Profit Bridge Analysis FY2020 Full Year → FY2021 Full Year Improvement （Million yen） of efficiency of raw materials Improvement use of productivity 156 1,551 Improvement of factory utilization 3,574 Increase of raw materials costs △1,459 Costs increas

  17. Slide 17: Consolidated Statement of Financial Position

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Consolidated Statement of Financial Position (Million yen) 2020 Dec. 31 2021 Dec. 31 Change 2020 Dec. 31 2021 Dec. 31 Change Current Assets 43,474 57,590 14,116 Current Liabilities 29,973 44,618 14,644 Cash & Cash Equivalent 5,237 4,237 △999 Trade & Other Liabi

  18. Slide 18: Consolidated Statement of Cash Flow

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Consolidated Statement of Cash Flow （Million yen） 2020 Full-Year 2021 Full-Year Change Cash Flow from Operating Activities 9,107 600 △8,507 Profit before Taxes 1,470 3,898 2,427 Depreciation & Amortization 5,947 6,668 721 Impairment Loss 482 75 △406 Net Working

  19. Slide 19: FY2022 Performance Forecast

    SUMIDA CORPORATION (6817) Feb. 4, 2022 FY2022 Performance Forecast Copyright© 2022 SUMIDA CORPORATION. All rights reserved. 19 FY2021 Q4, Full-Year Performance Briefing 19

  20. Slide 20: Outlook for FY2022

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Outlook for FY2022  Regarding automotive business, EV/xEV related demands will continue to expand.  For consumer electronics and industry businesses, digitalization, 5G and IoT related will be as strong as last year. With trend toward further decarbonization,

  21. Slide 21: Sales and Operating Profit Plan for FY2022

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Sales and Operating Profit Plan for FY2022 （100 million yen）  We plan to achieve a positive year-on-year 1,190 growth of both sales and operating profit. 1200 100 1,049 975 943  In addition to EV/xEV-related automotive sales, 80 844 decarbonization, 5G and di

  22. Slide 22: FY2022 CAPEX Plan

    SUMIDA CORPORATION (6817) Feb. 4, 2022 FY2022 CAPEX Plan （100 million yen） 99.9 FY2021 Actual FY2022 Plan 100 88.3 Others 84.4 Others 80 73.5 For Production 11.6% For New For Production 9.4% For New Efficiency & Efficiency & Products 61.1 59.9 58.1 新製品対応 Products 新製品対応 Renewal Renewal 60 36.5% 39.9%

  23. Slide 23: Consolidated P/L forecast for FY2022

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Consolidated P/L forecast for FY2022 （Million yen） FY2021 FY2022 Change（％） Ending Dec. 31, 2021 Ending Dec. 31, 2022 S a l e s 104,920 119,000 13.4％ O p e r a t i n g P r o f i t 5,326 5,500 3.3％ OP % 5.1% 4.6% P r o f i t b e f o r e Ta x e s 3,898 4,400 12.9%

  24. Slide 24: Operating Profit Bridge Analysis FY2021 → FY2022

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Operating Profit Bridge Analysis FY2021 → FY2022 (Million yen) FY2021 Operating Profit 5,326 Positive Factors Price increase +3,138 5,500 Effect of sales revenue increase +1,435 5,326 +174 Improvement of productivity +1,086 One-off items booked in FY2021 +415 T

  25. Slide 25: Disclaimer Regarding Forward Looking Statements

    SUMIDA CORPORATION (6817) Feb. 4, 2022 Disclaimer Regarding Forward Looking Statements Sumida Corporation (referred to as "Sumida") makes this document available for informational purposes only. This document contains certain “forward-looking statements” which reflect management’s current views and

  26. Slide 26: SUMIDA CORPORATION (6817) Feb. 4, 2022 FY2021 Q4, Full-Year Performance Briefing

    SUMIDA CORPORATION (6817) Feb. 4, 2022 26 FY2021 Q4, Full-Year Performance Briefing 26

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