FY2021 First Quarter Consolidated Business Results

Masayoshi Hirata

Representative Executive Officer and

Corporate Executive Vice President

Toshiba Corporation

August 12, 2021

© 2021 Toshiba Corporation

Forward-looking Statements

  • This presentation contains forward-looking statements concerning future plans, strategies, and the performance of Toshiba Corporation (hereinafter "Toshiba" or "the Company") and its consolidated subsidiaries (hereinafter "Toshiba Group" or "the Group" ).
  • These forward-looking statements are not historical facts; rather, they are based on management's assumptions and beliefs in light of the economic, financial, and other data currently available.
  • Since Toshiba Group promotes business in various market environments in many countries and regions, its activities are subject to a number of risks and uncertainties that, without limitation, relate to economic conditions, worldwide mega-competition in the electronics business, customer demand, foreign currency exchange rates, tax rules, regulations, and other factors. Toshiba therefore wishes to caution readers that actual results might differ from the expectations. Please refer to the annual securities report (Yuukashoken houkokusho) and the quarterly securities report (Shihanki houkokusho) for detailed information on Toshiba Group's business risk. Both the annual securities report and the quarterly securities report are issued in Japanese only.
  • Toshiba Group's fiscal year (FY) runs from April 1 to March 31. H1 refers to the first six months (April-September); H2 refers to the latter six months (October-March); Q1 refers to the first quarter (April-June); Q2 refers to the second quarter (July-September); Q3 refers to the third quarter (October- December); and Q4 refers to the fourth quarter (January-March).
  • All figures are consolidated totals for the first three months of FY2021, unless otherwise stated.
  • Results in segments have been reclassified to reflect the current organizational structure as of June 30, 2021, unless otherwise stated.
  • Since Toshiba is not involved in the management of Kioxia Holdings Corporation (hereinafter "Kioxia") and is not provided with any forecasted business results, Toshiba Group's forward-looking statements concerning financial conditions, results of operation and cash flow do not include the impact of Kioxia.

© 2021 Toshiba Corporation

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Key Points

YoY net sales and operating income increased, mainly due to improvement of semiconductors and HDDs

Net sales FY2020/Q1 599.8 billion yen → FY2021/Q1 727.9 billion yen (YoY +128.1 billion yen)

Operating income FY2020/Q1 -12.6 billion yen → FY2021/Q1 14.5 billion yen (YoY +27.1 billion yen)

YoY free cash flow improved due to increase of EBITDA and improvements in working capital due to factors such as receipt of advanced payments.

Free cash flow FY2020/Q1 83.3 billion yen → FY2021/Q1 155.3 billion yen (YoY +72.0 billion yen)

YoY amount of orders received increased by 44% due to large-scale projects

In order to provide shareholder returns, share repurchase has commenced and dividend (Special dividend) was paid

Share repurchase:

8,962 thousand shares (43.1 billion yen) were repurchased as of July 31, 2021

Dividend: Dividend 110 yen per share on June 30, 2021 was paid

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© 2021 Toshiba Corporation

Agenda

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Overall Business Results

Business Results by Segment

Supplementary Information

FY2021 Forecast

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01

Overall Business Results

© 2021 Toshiba Corporation

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Toshiba Corporation published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 05:40:04 UTC.