Fiscal 2018 Financial Results Fiscal 2019 Financial Forecast

Fiscal 2018 Financial Results Fiscal 2019 Financial Forecast

May 10, 2018 Panasonic Corporation

Notes: 1. This is an English translation from the original presentation in Japanese. 2. In this presentation, "Fiscal 2018" or "FY18" refers to the year ended March 31, 2018. In addition, "Fiscal 2019" or "FY19" refers to the year ending March 31, 2019.

Fiscal 2018 Financial Results Fiscal 2019 Financial Forecast

Summary of FY18 Financial Results

? Achieved both sales and profit increase in real terms (excluding the effect of exchange rates) for the first time in 7 years since FY11.

? Overall sales increase driven mainly by Automotive, Energy and Process Automation.

? Operating profit and net profit*increased due mainly to stable growth in Industrial, along with improvement in other income/loss.

* Net profit attributable to Panasonic Corporation stockholders

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

2

FY18 Full-Year Results

(yen: billions)

FY18

FY17

Sales

Operating profit

Other income/loss **

Non-operating income/loss Profit before income taxes Net profit attributable

to Panasonic Corporation stockholders

ROE

7,982.2 380.5 -20.7 -1.9 378.6

236.0 14.4%

7,343.7 276.8 -66.8 -1.7 275.1

149.4 9.9%

1 US dollar

Exchange rates

1 Euro

1 Renminbi

111 yen 108 yen 130 yen 119 yen 16.8 yen 16.1 yen

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

vs. FY17

+9% (+6%)*

+638.5

FY18 Forecast Difference

(As of Feb 5, 2018)

7,950.0 +32.2

+37% +103.7

350.0 +30.5

-

+46.1

-45.0 +24.3

-

-0.2

-5.0 +3.1

+38% +103.5

345.0 +33.6

+58% -

+86.6 +4.5

210.0 +26.0

-

-

* In real terms excluding the effect of exchange rates ** Other income/loss = Other income (expenses) + Share of profit

investments accounted for using the equity method

3

FY18 Sales Analysis by Business

(yen: billions)

+166.7 7,982.2

Automotive

Energy

7,815.5

Industrial

Other Process businesses, Automation etc.

Effect of exchange

rates

Mobile Solutions

7,343.7

New consolidation

of Ficosa

FY17

+6 Real terms excluding

effect of exchange rates

%

* `List of Businesses whose sales are disclosed in FY18' included in the end of presentation.

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

FY18

(excluding effect of exchange rates)

FY18

4

FY18 Operating Profit Analysis

(yen: billions)

+113.0

-62.2

+46.1 380.5

276.8

Fixed cost

Sales increase/ decrease (excluding effect of exchange rates)

-55.0

Material cost hike

+45.0

+5.8 +11.0

Effect of

New

exchange

consolidation rates

Rationalization/ Business structure change

Other income/loss

FY17

103.7

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

FY18

5

FY18 Operating Profit and Net Profit

(yen: billions)

Operating profit Non-operating income/loss Profit before income taxes Income taxes Net profit Net profit attributable to Panasonic Corporation stockholders Net profit attributable to non-controlling interests

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

FY18 380.5 -1.9 378.6

vs. FY17 +103.7 -0.2 +103.5

-126.6 252.0

-23.9 +79.6

236.0 16.0

+86.6 -7.0

6

FY18 Results by Segment

(yen: billions)

Sales

vs.FY17

Excl. effect of

Operating profit

exchange rates

vs. FY17

Other income/loss vs. FY17

Appliances

2,588.4 +3%

+2% 104.4

+5.5

2.8 +10.7

Eco Solutions

1,623.5 +5%

+4%

72.5

+8.3

-7.2

+4.5

Connected Solutions

Automotive & Industrial Systems

Other *

Eliminations and adjustments

1,119.3 +6%

2,803.5 +16%

675.9

0%

-828.4

-

+4% +13%

-

105.7 91.4 10.8 -4.3

+55.3 -1.6 +2.8

+33.4

1.6 +36.0

-9.1 -33.2

2.1

+7.1

-10.9 +21.0

Total

7,982.2 +9%

+6%

380.5

+103.7

-20.7 +46.1

Appliances (production and sales consolidated

2,796.4 +4%

* PanaHome is included in Other segment

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

+1% 107.6

+7.9

2.6 +10.9 7

FY18 FCF, Net Cash and Dividends

(yen: billions)

FCF

(Excluding strategic investment)

Net cash

(End of fiscal year)

FY18 -35.6

(132.7)

-91.9

FY17 -34.7

(190.3)

196.6

vs. FY17 -0.9

(-57.6)

-288.5

Dividends

(Annual)

30 yen

25 yen

5 yen

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

8

Progressing from "Return to sales and profit growth" to "Sustainable growth"

*

FY16

FY15

Operating profit

FY17

Sales decline & profit growth

FY18 FY14

FY19

Sales & profit growth

FY13

Sales in real terms (from FY13, excluding effect of exchange rates)

* Fiscal years after FY17: OP based on IFRS deducting other income/loss

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

9

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