Outline of Consolidated Financial Results for the Year Ended March 31, 2021

[Fiscal 2020]

April 28, 2021

Yoshihiko Kawamura

Senior Vice President and Executive Officer, CFO Hitachi, Ltd.

© Hitachi, Ltd. 2021. All rights reserved.

Contents

  1. Key Messages
  2. FY2020 Results
  3. FY2021 Forecast
  4. Appendix

© Hitachi, Ltd. 2021. All rights reserved.

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1. Key Messages

© Hitachi, Ltd. 2021. All rights reserved.

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Key Messages

1

2

Achieved Record-highNet Income and Record-highCF Margin from Operating Activities of 9.1% in FY2020 Consolidated Total

  • Achieved net income attributable to Hitachi, Ltd. stockholders of 501.6bn yen (record-high)
  • Achieved CF from operating activities of 793.1bn yen in excess of adjusted operating income*1 by thorough cash flow management

IT Segment Achieved Record-highProfits under Severe Business Environments, Leading Hitachi's Performance

  • Increased profitability through structural reform and rigid cost management
  • IT segment achieved record-high adjusted operating income ratio of 13.2% in FY2020

Hitachi ABB Power Grids, Mobility Segment and Hitachi Astemo Remained Firm

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• Hitachi ABB Power Grids:

- Expanding energy solution business for a carbon neutral future

- Accumulating order intakes(Q4 orders: $2.3bn, order backlog: approx. $12.0bn)

Railway Systems business: awarded up to approx. 239.8bn yen contract to design and build

railcar vehicles with Washington Metropolitan Area Transit Authority

• Building Systems business: expanding the business in China

(revenues YoY approx. +30%)

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Transformed Business Portfolio for Further Growth

Divested Hitachi Chemical, diagnostic imaging-related business in FY2020 and plan to divest

Hitachi Metals in FY2021

Launched Hitachi ABB Power Grids and Hitachi Astemo in FY2020 and plan to complete

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acquisition of GlobalLogic in FY2021

Conducted Cost Structure Reform

• Realized cost reduction of over 120.0bn yen in FY2020 (compared to FY2019)

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Notes which are not included in each page of this material are listed on page 32

© Hitachi, Ltd. 2021. All rights reserved.

FY2020 ResultsFY2021 Forecast

Total

Billions of yen

Revenues

Adjusted operating income

Adjusted operating income ratio

7.8%

7.5%

5.7%

8,767.2

8,729.1

9,500.0

661.8

740.0

495.1

FY2019

FY2020

FY2021

Five sectors + Astemo*2 : Recover to the level of FY19 due to improving market conditions

8.5%

6.5%

8.3%

6,323.0

7,154.2

7,770.0

536.7

468.5

645.0

FY2019

FY2020

FY2021

Net income attributable to Hitachi, Ltd. Stockholders: Realize growth of bottom line

501.6 550.0

87.5

FY2019 FY2020 FY2021

© Hitachi, Ltd. 2021. All rights reserved.

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Hitachi Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 06:36:01 UTC.