Sumitomo Corporation · TSE:8053

Sumitomo — Q3 FY2020 Earnings Presentation

32 slides from Sumitomo's earnings presentation, Feb 4, 2021

  1. Slide 1: Investors Meeting - Quarterly Results for FY2020

    - Investors Meeting - Quarterly Results for FY2020 (Nine-month period ended December 31, 2020) February 4th, 2021 Sumitomo Corporation Cautionary Statement Concerning Forward-looking Statements This report includes forward-looking statements relating to our future plans, forecasts, objectives, expec

  2. Slide 2: 1. Operating Results (Profit / Loss for the period)

    1. Operating Results (Profit / Loss for the period) FY2019 FY2020 Increase/ 〈 Summary(Results)〉 Q3 Q1 Q2 Q3 Q3 (Unit: Billions of yen) (Apr.-Dec.) (Apr.-Jun.) (Jul.-Sep.) (Oct.-Dec.) (Apr.-Dec.) Decrease ■ One-off losses (A) (B) (B)-(A) (Q1)  Impairment loss in nickel mining and refining business i

  3. Slide 3: 2. Profit / Loss for the period by Segment

    2. Profit / Loss for the period by Segment 〈 Summary by segment 〉 FY2019 Q3 (Results) FY2020 Q3 (Results) (Unit: Billions of yen) (excl. one-off profits/losses (Results) ) ■ Metal Products  Decrease in earnings of the operation of overseas steel service centers  Decrease in earnings of tubular pro

  4. Slide 4: 3. Cash Flows / Financial Position

    3. Cash Flows / Financial Position ● Cash Flows (Unit: Billions of yen) FY2019 FY2020 ● Financial Position (Unit: Trillions of yen) Q3 Q3 As of Mar. 31, 2020 As of Dec. 31, 2020 Operating activities +187.3 +332.3 Total assets 8.1 Total assets 7.8 Investing activities -177.4 -64.6 Free Cash Flow +9.9

  5. Slide 5: 4. Forecasts of FY2020, Cash flow / Dividend plan

    4. Forecasts of FY2020, Cash flow / Dividend plan ■ Annual Forecasts  We have revised the annual forecast of FY2020 to loss of 120 billion yen due to steady recovery in the financial results excluding one-off losses since the second quarter while we forecast larger one-off losses anticipated in Nov

  6. Slide 6: 5. Forecasts of FY2020 (One-off profits / losses)

    5. Forecasts of FY2020 (One-off profits / losses)  One-off losses of 244 billion yen were recognized due to COVID-19 in the first nine months of FY2020.  Additional impairment losses and one-off losses regarding structural reform are expected to occur in the fourth quarter. (Unit:Billions of yen）

  7. Slide 7: 6. Forecasts of FY2020 (Individual projects): Fresh produce business

    6. Forecasts of FY2020 (Individual projects) Fresh produce business in Europe and the Americas 【FY2020 Q3 Results︓43.8 billion yen in deficit】 （excl. one-off profits/losses approx. -6.0 billion yen）  Impairment loss of approx. –38.0 billion yen in the 3rd quarter Business Amt Background Deteriorati

  8. Slide 8: 6. Forecasts of FY2020 (Individual projects): Ambatovy Nickel Project

    6. Forecasts of FY2020 (Individual projects) Ambatovy Nickel Project 【FY2020 Q3 Results︓112.7 billion yen in deficit】  Operation has been suspended at the moment by COVID-19  Impairment loss of approx. –55.0 billion yen in the 1st quarter  due to the stoppage of operation and the decline in mid-l

  9. Slide 9: 7. Forecasts of FY2020 (by Segment, excl. one-off profits / losses)

    7. Forecasts of FY2020 (by Segment, excl. one-off profits / losses) FY2020 FY2020 Revised Increase/ Revised (Unit:Billions of yen) Forecasts as of Decrease Forecasts as of Q3 ＜Forecasts for the fourth quarter＞ Nov. 2020 Feb. 2021 (Apr.-Dec.) (A) (B)-(A) (B) ・Steel products business : improve in auto

  10. Slide 10: 8. Initiatives for FY2020

    8. Initiatives for FY2020 ・ Accelerate asset replacement ⇒ Asset replacement for 40 companies is planned ・ Turnaround measures for unprofitable businesses Effects for Medium term Short ・ Careful screening investments term ⇒ Strategic investment to be executed, albeit deliberately ・ Effects for profi

  11. Slide 11: Appendix

    Appendix © 2021 Sumitomo Corporation

  12. Slide 12: Appendix contents

    1. Summary of Consolidated Statements of Comprehensive Income (P.12) 2. Summary of Consolidated Statements of Cash Flows (P.13) 3. Summary of Consolidated Statements of Financial Position (P.14) 4. Cash flow plan in Medium-Term Management Plan 2020 (P.15) 5. Quarterly Trend for Profit for the period

  13. Slide 13: 1. Summary of Consolidated Statements of Comprehensive Income

    1. Summary of Consolidated Statements of Comprehensive Income FY2019 FY2020 Increase/ (Unit: Billions of yen) Q3 Q3 Decrease Summary (Apr.-Dec.) (Apr.-Dec.) amount % ≪Gross profit ≫ Revenues 3,934.7 3,292.6 -642.2 -16% ・Peak out of progress and additional costs occurred in Gross profit 657.9 543.0 -

  14. Slide 14: 2. Summary of Consolidated Statements of Cash Flows

    2. Summary of Consolidated Statements of Cash Flows FY2019 FY2020 Increase/ (Unit: Billions of yen) Q3 Q3 Summary Decrease (Apr.-Dec.) (Apr.-Dec.) Net cash provided by (used in) operating activities 187.3 332.3 +145.0 ≪Net cash provided by (used in) operating activities≫ ・ Dividend from investments

  15. Slide 15: 3. Summary of Consolidated Statements of Financial Position

    3. Summary of Consolidated Statements of Financial Position FY2019 FY2020 Increase/ (Unit: Billions of yen) Q3 Summary Decrease (as of Mar.31,2020) (as of Dec.31,2020) Assets 8,128.6 7,778.6 -350.0 ≪Trade and other receivables(Current/Non-current)≫ Current assets 3,536.4 3,385.6 -150.8 ・ Decrease︓De

  16. Slide 16: 4. Cash flow plan in Medium-Term Management Plan 2020

    4. Cash flow plan in Medium-Term Management Plan 2020 FY2020 (reference) 3-year total Original plan (Unit︓Billions of yen) (Apr. 2018 - FY2018 FY2019 Annual Q3 (Apr. 2018 - Mar. Q1 Q2 Q3 2021) Mar. 2021) Plan (Apr.-Dec.) (Apr.-Jun.) (Jul.-Sep.) (Oct.-Dec.) Basic profit cash fow +290.0 +239.0 +117.3

  17. Slide 17: 5. Quarterly Trend by Segment and One-off profits/losses (FY2020)

    5. Quarterly Trend for Profit/loss for the period attributable to owners of the parent by Segment and One-off profits/losses (FY2020) 【 Profit/loss(-) for the period attributable to owners of the parent】 【Major one-off profits/losses (Q3Results)】*Underlined is related to Q3 results. FY2020 Results M

  18. Slide 18: 5. Quarterly Trend by Segment and One-off profits/losses (FY2019)

    5. Quarterly Trend for Profit/loss for the year attributable to owners of the parent by Segment and One-off profits/losses (FY2019) 【 Profit/loss(-) for the year attributable to owners of the parent】 【Major one-off profits/losses (Annual Results)】 FY2019 Results Metal Products ・Losses from impairmen

  19. Slide 19: 6. Quarterly Trend excluding one-off profits/losses by Segment

    6. Quarterly Trend for Profit for the period attributable to owners of the parent excluding one-off profits/losses by Segment（FY2019／FY2020） (Unit: Billions of yen) Transportation & Metal Products Infrastructure Construction Systems Total︓17.0 Total ︓8.0 Total ︓39.0 Total ︓19.0 Total ︓63.0 Total ︓38

  20. Slide 20: 7. Performance Overview(1) (Metal Products)

    7. Performance Overview(1) (Metal Products) 【Key Financial Indicators】 FY2019 FY2020 FY2020 FY2020 <Q3 Results> (¥24.6 bil. decrease from FY2019 Q3) <FY2020 Revised Forecasts (Feb. 2021) Q3 Q3 Revised Forecasts Revised Forecasts (excl. one-off profits / losses)> (Unit: Billions of yen) (Apr.-Dec.) (

  21. Slide 21: 7. Performance Overview(2) (Transportation & Construction Systems)

    7. Performance Overview(2) (Transportation & Construction Systems) 【Key Financial Indicators】 FY2019 FY2020 FY2020 FY2020 <Q3 Results> (¥50.3 bil. decrease from FY2019 Q3) <FY2020 Revised Forecasts (Feb. 2021) Q3 Q3 Revised Forecasts Revised Forecasts (excl. one-off profits / losses)> (Unit: Billion

  22. Slide 22: 7. Performance Overview(3) (Infrastructure)

    7. Performance Overview(3) (Infrastructure) 【Key Financial Indicators】 FY2019 FY2020 FY2020 FY2020 <Q3 Results> (¥70.9 bil. decrease from FY2019 Q3) <FY2020 Revised Forecasts (Feb. 2021) Q3 Q3 Revised Forecasts Revised Forecasts (excl. one-off profits / losses)> (Unit: Billions of yen) (Apr.-Dec.) (

  23. Slide 23: 7. Performance Overview(4) (Media & Digital)

    7. Performance Overview(4) (Media & Digital) 【Key Financial Indicators】 FY2019 FY2020 FY2020 FY2020 <Q3 Results> (¥1.2 bil. increase from FY2019 Q3) <FY2020 Revised Forecasts (Feb. 2021) Q3 Q3 Revised Forecasts Revised Forecasts (excl. one-off profits / losses)> (Unit: Billions of yen) (Apr.-Dec.) (

  24. Slide 24: 7. Performance Overview(5) (Living Related & Real Estate)

    7. Performance Overview(5) (Living Related & Real Estate) 【Key Financial Indicators】 FY2019 FY2020 FY2020 FY2020 <Q3 Results> (¥50.7 bil. decrease from FY2019 Q3) <FY2020 Revised Forecasts (Feb. 2021) Q3 Q3 Revised Forecasts Revised Forecasts (excl. one-off profits / losses)> (Unit: Billions of yen)

  25. Slide 25: 7. Performance Overview(6) (Mineral Resources, Energy, Chemical & Electronics)

    7. Performance Overview(6) （Mineral Resources, Energy, Chemical & Electronics） 【Key Financial Indicators】 FY2019 FY2020 FY2020 FY2020 <Q3 Results> (¥129.4 bil. decrease from FY2019 Q3) Q3 Q3 Revised Forecasts Revised Forecasts (Unit: Billions of yen) (Apr.-Dec.) (Apr.-Dec.) as of Feb. 2021 as of Nov

  26. Slide 26: Principal Subsidiaries and Associated Companies

    7. Performance Overview(6) （Mineral Resources, Energy, Chemical & Electronics） 【Principal Subsidiaries and Associated Companies】 Equity in earnings Shares in FY2019 FY2020 FY2020 Forecasts equity Main Business Q3 Q3 Revised Revised (Dec. 31, 2020) (Unit: Billions of yen) (Apr.-Dec.) (Apr.-Dec.) (Feb

  27. Slide 27: Mineral Resources Equity Share of Production and Sensitivity

    7. Performance Overview(6) （Mineral Resources, Energy, Chemical & Electronics） Mineral Resources Equity Share of Production and Sensitivity to Profit for Year (cf) Sensitivity to net income FY2019 FY2020 Forecasts Forecasts (Annual base, Auunal excluding prices hedge, Revised Revised Q1-3 Q1 Q2 Q3 Q

  28. Slide 28: Mineral Resources Equity Share of Production and Sensitivity

    7. Performance Overview(6) （Mineral Resources, Energy, Chemical & Electronics） Mineral Resources Equity Share of Production and Sensitivity to Profit for Year (cf) Sensitivity to net income FY2019 FY2020 Forecasts Forecasts (Annual base, Auunal excluding prices hedge, Revised Revised Q1-3 Q1 Q2 Q3 Q

  29. Slide 29: 8. Supplemental materials by segment (Living Related & Real Estate)

    8. Supplemental materials by segment （Living Related & Real Estate Business Unit） (Unit: Billions of yen) FY2019 Q3 FY2020 Q3 Increase/ Results Results Decrease Living Related & Real Estate Gross profit 162.1 172.4 +10.3 Lifestyle & Retail Business Division 92.3 108.6 +16.3 Food & Agriculture Busine

  30. Slide 30: 8. Supplemental materials by segment (Mineral Resources, Energy, Chemical)

    8. Supplemental materials by segment （Mineral Resources, Energy, Chemical & Electronics Business Unit） (Unit: Billions of yen) FY2019 Q3 FY2020 Q3 Increase/ Results Results Decrease Mineral Resources, Energy, Chemical & Electronics Gross profit 118.1 98.2 -19.9 *1 Mineral Resources and Energy 57.8 3

  31. Slide 31: 9. Historical Data(1) PL, CF

    9. Historical Data(1) PL, CF (Unit: Billions of yen) (MEDIUM-TERM Medium - Term FOCUS'10 f(x) BBBO2014 BBBO2017 MANAGEMENT PLAN) Management Plan 2020 (Fiscal Year) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Revenues 3,100.2 3,261.0 3,016.2 3,317.4 3,762.2 4,010.8 3,997.0 4,827.3 5,339.2 5,299

  32. Slide 32: 9. Historical Data(2) BS, Key Financial Indicators

    9. Historical Data(2) BS, Key Financial Indicators (Unit: Billions of yen) (MEDIUM-TERM Medium - Term FOCUS'10 f(x) BBBO2014 BBBO2017 MANAGEMENT PLAN) Management Plan 2020 (Fiscal Year) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total assets 7,230.5 7,226.8 7,832.8 8,668.7 9,021.4 7,817.8 7,7

Sumitomo — Q3 FY2020 Earnings Presentation on 6ix