Hitachi : Supplementary Information (PDF format, 104kBytes)

Hitachi Investor Day 2021

Supplementary Information

1. Results and Forecasts by Sector in the 2021 Mid-term Management Plan

Total

IT

					[billions of yen]
	FY2019	FY2020	FY2020		FY2021
	(Revised)		(Forecast)
Revenues	8,767.2	8,729.1		-	9,500.0
Adjusted operating income*1	661.8	495.1		-	740.0
Adjusted operating income ratio	7.5%	5.7%		-	7.8%
EBIT*2	183.6	850.2		-	820.0
EBIT ratio	2.1%	9.7%		-	8.6%
EBITDA*3	619.0	1,343.0		-	1,370.0
EBITDA ratio	7.1%	15.4%		-	14.4%
ROIC*4	9.4%	6.4%		-	8.3%
Revenues	2,099.4	2,048.7		-	2,100.0
Front Business	1,431.1	1,414.2		-	1,440.0
Services & Platforms	826.4	790.3		-	890.0
Adjusted operating income	249.4	269.4		-	263.0
Front Business	165.6	176.7		-	180.0
Services & Platforms	69.8	73.5		-	92.0
Adjusted operating income ratio	11.9%	13.2%		-	12.5%
Front Business	11.6%	12.5%		-	12.5%
Services & Platforms	8.4%	9.3%		-	10.3%
EBIT	214.4	244.8		-	246.0
Front Business	151.1	167.8		-	178.0
Services & Platforms	47.6	59.3		-	78.0
EBIT ratio	10.2%	12.0%		-	11.7%
Front Business	10.6%	11.9%		-	12.4%
Services & Platforms	5.8%	7.5%		-	8.8%

	EBITDA	326.9	352.5	-	378.0
	EBITDA ratio	15.6%	17.2%	-	18.0%
	ROIC	18.4%	17.8%	-	13.0%
Energy*5,6	Revenues	408.6	1,118.1	1,118.1	1,330.0
	Nuclear Energy BU	155.7	169.3	169.3	156.6
	Energy BU	254.7	222.6	187.6	188.4
	Power Grids BU	-	722.4	759.5	997.1
	Hitachi ABB Power Grids	-	722.4	722.4	966.0
	(Standalone)

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					[billions of yen]
		FY2019	FY2020	FY2020	FY2021
		(Revised)	(Forecast)
	Adjusted operating income	15.3	(45.4)	(45.4)	37.0
	Sum of Nuclear Energy BU &	15.3	(7.8)	(4.1)	33.6
	Energy BU
	Power Grids BU	-	(37.6)	(41.3)	4.0
	Hitachi ABB Power Grids	-	32.2	32.2	75.0
	(Standalone)
	Adjusted operating income ratio	3.8%	(4.1)%	(4.1)%	2.8%
	Sum of Nuclear Energy BU &	3.8%	(2.0)%	(1.2)%	10.0%
	Energy BU
	Power Grids BU	-	(5.2)%	(5.4)%	0.4%
	Hitachi ABB Power Grids	-	4.5%	4.5%	7.8%
	(Standalone)
	EBIT	(374.0)	(53.3)	(53.3)	41.0
	Sum of Nuclear Energy BU &	(374.0)	(9.6)	(5.6)	32.5
	Energy BU
	Power Grids BU	-	(43.7)	(47.7)	(2.6)
	Hitachi ABB Power Grids	-	36.5	36.5	77.6
	(Standalone)
	EBIT ratio	(91.5)%	(4.8)%	(4.8)%	3.1%
	Sum of Nuclear Energy BU &	(91.5)%	(2.4)%	(1.6)%	9.6%
	Energy BU
	Power Grids BU	-	(6.0)%	(6.3)%	(0.3)%
	Hitachi ABB Power Grids	-	5.1%	5.1%	8.0%
	(Standalone)
	EBITDA	(369.1)	33.4	33.4	127.1
	Sum of Nuclear Energy BU &	(369.1)	(4.2)	(0.5)	38.9
	Energy BU
	Power Grids BU	-	37.6	33.9	77.1
	Hitachi ABB Power Grids	-	65.4	65.4	113.9
	(Standalone)
	EBITDA ratio	(90.3)%	3.0%	3.0%	9.6%
	Sum of Nuclear Energy BU &	(90.3)%	(1.1)%	(0.1)%	11.5%
	Energy BU
	Power Grids BU	-	5.2%	4.5%	7.7%
	Hitachi ABB Power Grids	-	9.0%	9.0%	11.8%
	(Standalone)
	ROIC	6.4%	(2.7)%	(2.7)%	2.2%
Industry*5	Revenues	867.8	858.1	-	880.0
	Industry & Distribution BU	259.8	305.3	-	315.0
	Water & Environment BU	179.6	173.3	-	176.0
	Industrial Products Business	424.0	376.4	-	390.0
	Adjusted operating income	57.9	48.6	-	72.0
	Industry & Distribution BU	17.1	15.8	-	27.5
	Water & Environment BU	12.4	10.5	-	15.8
	Industrial Products Business	29.1	24.4	-	30.0

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						[billions of yen]
		FY2019	FY2020	FY2020		FY2021
		(Revised)		(Forecast)
	Adjusted operating income ratio	6.7%	5.7%		-	8.2%
	Industry & Distribution BU	6.6%	5.2%		-	8.7%
	Water & Environment BU	6.9%	6.1%		-	9.0%
	Industrial Products Business	6.9%	6.5%		-	7.7%
	EBIT	60.9	45.4		-	62.0
	Industry & Distribution BU	11.3	11.8		-	23.5
	Water & Environment BU	9.0	8.9		-	16.3
	Industrial Products Business	27.1	27.5		-	29.0
	EBIT ratio	7.0%	5.3%		-	7.0%
	Industry & Distribution BU	4.3%	3.9%		-	7.5%
	Water & Environment BU	5.0%	5.2%		-	9.3%
	Industrial Products Business	6.4%	7.3%		-	7.4%
	EBITDA	83.2	70.0		-	82.5
	Industry & Distribution BU	18.8	21.4		-	31.6
	Water & Environment BU	9.8	10.1		-	17.0
	Industrial Products Business	39.0	39.7		-	40.5
	EBITDA ratio	9.6%	8.2%		-	9.4%
	Industry & Distribution BU	7.2%	7.0%		-	10.0%
	Water & Environment BU	5.4%	5.8%		-	9.7%
	Industrial Products Business	9.2%	10.6%		-	10.4%
	ROIC	8.6%	6.1%		-	8.7%
Mobility*5	Revenues	1,171.7	1,226.8		-	1,275.0
	Building Systems BU	591.5	679.1		-	700.0
	Railway Systems BU	580.3	547.7		-	575.0
	Adjusted operating income	99.6	81.5		-	107.7
	Building Systems BU	57.8	65.0		-	73.5
	Railway Systems BU	41.8	16.5		-	34.2
	Adjusted operating income ratio	8.5%	6.6%		-	8.4%
	Building Systems BU	9.8%	9.6%		-	10.5%
	Railway Systems BU	7.2%	3.0%		-	6.0%
	EBIT	119.6	135.8		-	124.4
	Building Systems BU	51.2	73.6		-	73.5
	Railway Systems BU	68.4	62.2		-	50.9
	EBIT ratio	10.2%	11.1%		-	9.8%
	Building Systems BU	8.7%	10.8%		-	10.5%
	Railway Systems BU	11.8%	11.4%		-	8.9%

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					[billions of yen]
		FY2019	FY2020	FY2020	FY2021
		(Revised)	(Forecast)
	EBITDA	150.3	167.8	-	159.0
	Building Systems BU	63.8	88.6	-	90.0
	Railway Systems BU	86.5	79.2	-	69.0
	EBITDA ratio	12.8%	13.7%	-	12.5%
	Building Systems BU	10.8%	13.1%	-	12.9%
	Railway Systems BU	14.9%	14.5%	-	12.0%
	ROIC	11.3%	8.9%	-	10.6%
Smart Life*7,8	Revenues	2,167.6	2,240.3	1,252.7	1,000.0
	Smart Life & Ecofriendly	465.3	456.3	456.3	409.4
	Systems
	Automotive Systems*7	811.6	987.6	-	-
	Measurement & Analysis	694.6	606.3	606.3	558.0
	Systems*8
	Adjusted operating income	118.9	114.1	79.4	97.0
	Smart Life & Ecofriendly	23.0	33.5	33.5	33.4
	Systems
	Automotive Systems	30.1	34.7	-	-
	Measurement & Analysis	60.3	54.7	54.7	68.4
	Systems
	Adjusted operating income ratio	5.5%	5.1%	6.3%	9.7%
	Smart Life & Ecofriendly	4.9%	7.3%	7.3%	8.2%
	Systems
	Automotive Systems	3.7%	3.5%	-	-
	Measurement & Analysis	8.7%	9.0%	9.0%	12.3%
	Systems
	EBIT	90.0	206.5	202.1	150.0
	Smart Life & Ecofriendly	34.7	39.9	39.9	87.7
	Systems
	Automotive Systems	(6.6)	4.3	-	-
	Measurement & Analysis	60.4	55.1	55.1	68.4
	Systems
	EBIT ratio	4.2%	9.2%	16.1%	15.0%
	Smart Life & Ecofriendly	7.5%	8.7%	8.7%	21.4%
	Systems
	Automotive Systems	(0.8)%	0.4%	-	-
	Measurement & Analysis	8.7%	9.1%	9.1%	12.3%
	Systems
	EBITDA	170.8	303.8	238.7	187.0
	Smart Life & Ecofriendly	45.9	50.8	50.8	97.5
	Systems
	Automotive Systems	41.0	65.1	-	-
	Measurement & Analysis	76.8	73.9	73.9	93.6
	Systems
	EBITDA ratio	7.9%	13.6%	19.1%	18.7%
	Smart Life & Ecofriendly	9.9%	11.1%	11.1%	23.8%
	Systems
	Automotive Systems	5.0%	6.6%	-	-
	Measurement & Analysis	11.1%	12.2%	12.2%	16.8%
	Systems
	ROIC	8.0%	5.9%	8.7%	11.1%

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						[billions of yen]
		FY2019		FY2020	FY2020	FY2021
			(Revised)	(Forecast)
Automotive	Revenues	-	-	987.5	1,600.0
Systems*7
Adjusted operating income	-	-	34.7	97.0
	Adjusted operating income ratio	-	-	3.5%	6.1%
	EBIT	-	-	4.3	76.0
	EBIT ratio	-	-	0.4%	4.8%
	EBITDA	-	-	65.0	174.0
	EBITDA ratio	-	-	6.6%	10.9%
	ROIC	-	-	3.1%	6.2%

*1 "Adjusted operating income" is presented as revenues less selling, general and administrative expenses as well as cost of sales

*2 "EBIT" is presented as income from continuing operations, before income taxes less interest income plus interest charges *3 "EBITDA" is presented as income from continuing operations, before income taxes less interest income plus interest

charges, depreciation and amortization

*4 ROIC(Return on Invested Capital)=(NOPAT + Share of profits(losses) of investments accounted for using the equity method) / "Invested Capital" x 100​, NOPAT(Net Operating Profit after Tax) = Adjusted Operating Income x (1 - Tax burden rate)​, Invested Capital = Interest-bearing debt + Total equity

*5 Figures for each sector/segment include control systems business, which is posted in IT sector/segment.

*6 Transmission & Distribution Systems Division, which is included in Energy BU until FY2020, is included in Power Grids BU from FY2021. The figures of "FY2020 (Revised)" in Energy sector/segment reflect this change.

*7 Automotive Systems is included in Automotive Systems sector/segment from FY2021. The figures of "FY2020 (Revised)" in Smart Life sector/segment and Automotive Systems sector/segment reflect this change.

*8 Measurement & Analysis Systems is included in Smart Life sector/segment from FY2020. The figures of "FY2019" in Smart Life sector/segment reflect this change.

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