Konica Minolta : Presentation Slides for Q1/March 2023 Consolidated Financial Results

Konica Minolta, Inc.

1stQuarter/FY2022 ending in March 2023 Consolidated Financial Results

Toshimitsu Taiko

President and CEO

Three months : April 1, 2022 - June 30, 2022 - Announced on July 28, 2022 -

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FY2022 Q1 Performance Overview and

FY2022

Earnings Forecast

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FY2022 Q1 Performance |Summary

Brought forward some structural reforms and overall progress somewhat exceeded expectations

Revenue

• Revenue increased in Professional Print and Healthcare Business, decreased in Industry Business.
• Although Digital Workplace Business received stable orders, order backlog increased owning to lockdowns in Shanghai in addition to semiconductor and other components shortage.

Operating Profit and Cash Flows

• Operating profit: Even revising prices, Operating profit decreased due to worsened gross profit ratio owning to rapid increases in components and logistics expenses, increased SG&A owning to air transportation, recorded business structural reform (Digital Workplace Business) of ¥3.5 billion.
• FCF: Negative owing to the loss in the period and an increase in inventories in transit and component inventory stockpiling,

etc.
			FY2022	FY2021	Y0Y	Y0Y
			1Q	1Q	(W/O Forex)	[¥billions]
	Revenue		247.8	229.9	8%	-1%
	Gross Profit	104.8	101.3	3%	-5%
	Gross Profit ratio	42.3%	44.1%	-1.8pt
	SG ＆A	110.7	99.2	12%	+4%
	Business Contribution Profit	-5.9	2.1	-	-
	Operating Profit	-11.0	3.1	-	-
	Profit attributable
	to owners of the Company	-8.7	1.0	-
	FCF	-24.9	-2.8	-		(*) Business contribution to
							profit calculated by adding
	FOREX [Yen]
					other income and costs
	USD	129.57	109.49			back to operating profit
	EUR	138.12	131.96			under IFRS
			© KONICA MINOLTA 3

FY2022 Q1 Performance｜Revenue & Operating Profit by Segment

Revenue

Digital Workplace Professional Print Healthcare Industry Corporate, etc. Company overall

Operating Profit

Digital Workplace Professional Print Healthcare Industry Corporate, etc. Company overall

FY2022		FY2021
Q1		Q1
128.9		121.2
55.1		47.9
28.7		25.2
34.9		35.2
0.3		0.3
247.8		229.9
FY2022		FY2021
Q1		Q1
-7.6	-	1.1
0.9	2%	1.0
-6.5	-	-3.2
6.2	18%	8.0
-4.1	-	-3.7
-11.0	-	3.1

	[¥billions]
YoY	YoY
(W/O Forex)
+6%	-3%
+15%	+5%
+14%	+3%
-1%	-7%
-7%	-1%
+8%	-1%
YoY	YoY
(W/O Forex)
-	-
-4%	-96%
-	-
-22%	-31%
-	-
-	-

© KONICA MINOLTA 4

FY2022 Q1 Performance｜Factors of Increase/Decrease of Operating Profit

•	Impact of Shanghai lockdowns -3.4	:will be recovered in this fiscal year
•	Air freight expense -2.9	:will be needed in this fiscal year because of tonner factory accidents
•	Logistics expenses spikes-1.8	:will be absorbed by price revision

• Price change(+2.1) and sales volume change (+1.2) absorbed increases in components expenses
• Sales volume change in Digital Workplace(-0.6) is affected by semiconductor shortage

3.1

FY21 Q1

Result

Air freight	Sales volume
expenses	change, and other
・DW	-1.1	・DW -0.6
・PP	-1.8	・PP	+3.1
		・HC -0.2
		・In	-0.8
		・CO -0.3

Forex impact ・DW -0.1・PP +0.9 ・HC -0.8・In +0.8

Structural reform

・DW -2.8・PP -0.1・HC -0.1

[¥billions]

FY22 Q1

Result

-11.0

Shanghai lockdowns ・DW -1.5

	・PP	-1.0
DW: Digital Workplace	・HC -0.3
・In	-0.7
PP: Professional Print

HC: Healthcare

In: Industry

CO: Corporate, etc

Logistics expenses ・DW -0.8・PP -1.0

Price change ・DW +1.7 ・PP +0.7 ・HC -0.1・In -0.2

SG&A change ・DW -1.1・PP -1.0・HC -1.0・In -0.9

© KONICA MINOLTA 5