Unicharm : First Quarter of the Fiscal Year Ending December 31, 2021 Presentation Materials for Investor Meeting

First Quarter of Fiscal Year Ending December 31, 2021

(January 1, 2021 to March 31, 2021)

Unicharm Investor Meeting Presentation Materials

May 14, 2021

Takahisa Takahara

President and CEO

Unicharm Corporation

First Quarter of Fiscal Year

Ending December 31, 2021

(January 1, 2021 to March 31, 2021)

Financial Performance Summary

Projections stated in these materials include those based on the Company's currently obtained assumptions, forecasts and plans regarding the future. Therefore, actual results may differ significantly from projections due to risks and uncertainties associated with market competition, foreign exchange rates, etc.

Copyright (c) Unicharm Corporation. All rights reserved.

First Quarter of Fiscal Year Ending December 31, 2021 (January 1, 2021 to March 31, 2021)

Financial Results Summary

Consolidated	Sales 182 billion JPY (YoY -1.0%)
Core operating income 31.4 billion JPY (YoY +3.5%)

• Core operating income hit a record high. The highest core operating income margin ever for the first quarter.
• Performance steadily improved as expected. Profit growth was higher than expected.

Japan	1.2% sales decrease, 7.2% profit increase,
Improved core operating income margin

• Sales decreased due to the repercussion from the special demand caused by the expansion of COVID-19 in the previous fiscal year.
• Profitability improved by the product mix increase in high profitability segments.

Overseas	0.8% sales decrease, 1.0% profit increase,
Improved core operating income margin

• Sales and profits decreased in real terms in Asia. Recovery was seen in Southeast Asia. Supply is on the way to recovery in India.
• Sales decreased and profits increased in other areas. Brazil maintains favorable conditions. Cold wave and container shortage affected North America.

Shareholder	Yearly dividend 36 yen per share
Return	Plan to increase dividend for 20 consecutive years

• Purchase of own shares: up to 16 billion JPY, 4 million shares

Copyright (c) Unicharm Corporation. All rights reserved.

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Core operating profit/quarterly profit attributable to owners of parent company achieved a new record high

• Consolidated account highlights

(100 millions of yen)

(from Jan. to Mar.)

1Q of FY	1Q of FY		(Forecast)
gap(yen) gap (%)	１Q of FY	Achievement
Ended Dec.	Ending Dec.
Ending Dec.	(%)
31, 2020	31, 2021		31, 2021

	Net sales	1,838	1,820	－18	－1.0%	7,700	23.6%
	Core operating income	303	314	+11	+3.5%	1,190	26.3%
	(17.2%)
	(margin-%)	(16.5%)		(+0.7P)	(15.5%)
	Profit before tax	279	342	+63	+22.6%	1,170	29.2%
	(18.8%)
	(margin-%)	(15.2%)		(+3.6P)	(15.2%)
	Profit attributable to owners of	192	201	+9	+4.6%	750	26.8%
	(11.0%)
	parent company (margin-%)	(10.5%)		(+0.5P)	(9.7%)
	EBITDA		434
	（profit before tax + depreciation/	372	+62	+16.8%	1,570	27.7%
	amortization + fire accident loss）
	Basic earnings per share (JPY)	32.19	33.56	+1.37	+4.3%	125.17	26.8%
	USD Rate (JPY)	108.92	105.90	－3.02 －2.8%	103.50	―
	CNY Rate (JPY)	15.60	16.36	+0.76	+4.9%	15.80	―

Copyright (c) Unicharm Corporation. All rights reserved.

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The last FY showed stable growth with special demand caused by COVID-19

 Sales trend (quarterly)	 Core operating income trend
	(quarterly)
1,930	(100 millions of yen)	(100 millions of yen)

			1,895											338
																314
													302
				1,838
						1,820			291
		1,822
														250		256
						1,779			201			214
	1,739				1,728					191
1,686
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q
2019				2020				2021	2019				2020				2021

Copyright (c) Unicharm Corporation. All rights reserved.

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