In Investor Re Rela lation tions MAY. 2020
Disclaimer This presentation was made as the dates shown and reflected management views as of these dates. All financial information regarding CJ corp. business results and forward looking statements and beliefs about future events are subject to known risks and uncertainties that may cause actual results to differ from those stated or implied. The financial information in this document are consolidated earnings results based on K ‐ IFRS. These statements involve risks and uncertainties, and actual results may differ. CJ corp. is under no obligation or responsibility to update the information provided in the presentation in correspondence to their respective dates.
CO CONTENTS Company Over vervie iew 1. 1. 1Q20 Ear Earnin ings Revie eview 2. . App ppendix 3. 3.
Company Overview
CO COMPANY OVERVIEW EW Vision & Mission Co Core Business Are reas Vis Visio ion Cre reat ate a a New Cul ulture re For r Heal althy, Happy and d 16% 33% Convenient Lifestyle s s Food ood & Entertain inment Food ood &Media ia Servic Se ice 37% 7% 14% Retail il & Bio Missio ion Logis Logistic ics Contribute to o th the gl glob obal community by pr by providing th the best t val value to o our r cus ustomers wi with ONLYO YONE pr prod oducts s and servi rvice ces * 2019 K-IFRS Consolidated, Revenue Breakdown 4
COMPANY OVERVIEW CO EW Business Overview Bus [Unit: W Bn, %] B/S B/S 2018 18 2019 19 P/L P/L 2018 18 2019 19 Strengt gthen competitiveness ss and d maximize Asset 31,729,5 40,381.4 Revenue 29,523.4 33,779.7 synergies s betw tween four core business ss areas s Operating Liability 19,207,7 25,766.3 1,332.5 1,509.2 in the group Profit Net Equity 12,521,8 14,615.1 880.0 323.8 Income Food & Foo & Foo Food Ser ervic ices : Actively pursue global Liability to expansion based on the experience as the 153% 176% OP Margin 4.5% 4.5% Equity Ratio country’s leading producer and service provider Note: K-IFRS Consolidated Bio io : Secure global No. 1 position in green bio with outstanding R&D and advanced As As of En End of 2019 Ty Type No. . of Share res Stake Note technologies Shares Common 29,176,998 Ret etail l & & Logis isti tics : Provide the largest total Outstanding Preferred 1 2,260,223 logistics services and operate the country’s top Preferred 4 4,226,512 selling home shopping channel and Korea’s (Convertible) leading health & beauty (H&B) store brand Treasury Common 2,118,538 7% En Entert rtain inment & & Me Media ia: Create and produce Preferred 1 1,120 contents unlimited to movies, music, drama and Preferred 4 performance and operate the country’s largest 13,132 Shares (Convertible) movie theater complex Major Shareholder Common 12,275,574 42% 5
CO COMPANY OVERVIEW EW [As of end of Mar, 2020] Listed 44.6% 40.1% CJ CheilJedang CJ ENM Ex. E&M Ex. Food BIO O Shopping 66.2% Studio Dragon 47.1% 40.1% CJ Logistics CJ Freshway CJ Olive 100.0% 96.0% Networks 39.0% 55.1% CJ Foodville CJ CGV CJ OliveYoung Food & Foo Re Retail Ent ntertainment Bio Bi Food Se Foo Service & Logistics & & Med edia *Note: Common Stock Basis 6
1Q20 Earnings Review 7
CJ CJ Co Corp. . 1Q 1Q20 Ea Earnings Review Financial Sum Fi Summary [Unit: W Bn] Since the transition to a holdings company in September 40,000 2,500 2007, CJ Corp has achieved Sales CAGR of 14.1% and 33,780 35,000 29,523 2,000 operating profit CAGR of 9.6% through adopting 26,899 30,000 23,954 1,509 21,167 25,000 19,572 1,500 “choose and focus” strategy on 4 core business areas. 17,628 18,852 20,000 1,225 1,253 1,326 1,333 13,271 9,665 11,616 1,000 15,000 By the end of 2019, Company’s total assets and revenue 901 1,063 786 1,003 7,913 10,000 788 550 738 500 recorded KRW 40.3 trillion and KRW 33.8 trillion , which is 5,000 0 0 314% and 326% increase within past 11years, respectively. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Revenue Operating Profit Note: K-IFRS Consolidated Consolidated Revenue CJ’s Globalization 2008 2019 Expand global presence of businesses which are already indisputably a domestic leader under the operations of CJCJ, CJ Logistics, CJ CGV and more Globa bal Globa bal 6% 6% Continue to increase global sales proportion which has seen a 36% remarkable growth from 6% in 2008 up to 36% in 2019 Do Domestic Domestic Do 64% Increase market share already at unwavering global No. 1 of 94% 국내 major Bio products, namely lysine, nucleotides and tryptophan 73% No.1 theater operator in Vietnam and Turkey 해외 94% 27% 8
CJ CJ Co Corp. . 1Q 1Q20 Ea Earnings Review Fi Financial Hi Highlights [Unit : W Bn] [Unit : W Bn] 8,680 8,851 9,000 1000 8,454 1Q 19 19 2Q 19 19 3Q 19 19 4Q 19 19 1Q 1Q 20 20 7,840 7,795 8,000 800 7,000 Revenue 7,795 8,454 8,680 8,851 7,840 600 6,000 400 5,000 Operating 427 343 365 427 374 264 374 365 Profit 343 200 4,000 264 3,000 0 (%) 4.4% 4.3% 4.9% 4.2% 3.4% 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 Revenue OP 1Q20: Revenue KRW 7,840bn (YoY +0.6%), OP KRW 264bn (YoY -23.0%) : Growth led by CJCJ and CJ Logistics’ Parcel : OP decreased mainly due to contraction of ENM’s TV Ad. and CGV’s global revenue driven by COVID -19 Enha Enhance ced mar arket t competitiv iveness ss in n al all four r main n bus usiness ss ar areas, whi hich ha has s achi hieved more stabi ability in n di diversifie ied po portfolio : Driving future growth through globalization - continuous endeavors in diversifying product portfolio within the Food business, setting the cornerstone by acquisition of local company at CJ Logistics and enhancing content producing capability at CJ ENM : Inter-sub synergies – business portfolio includes Food, Entertainment, Retail and Logistics, all of which are synergistic to one another, promoting further 9
CJ Co CJ Corp. . 1Q 1Q20 Ea Earnings Review 1Q20 Com Compa pany Hi Highlig ights W bn bn YoY Revenue 3,482 +23.9% ∙ Up with robust sales growth from Processed Food and Bio along with Schwan’s acquisition CJCJ +53.3% ∙ Improved due to resilient hog price and Schwan’s acquisition effect OP 220 despite early sales recognition giftset in 4Q19 +3.4% ∙ Up with significant growth on Parcel as “ Untact Trend” emerges which offset distress in China Revenue 2,515 and Forwarding biz triggered from COVID-19 CJ Logistics OP +28.5% ∙ Increased thanks to significant profit improvement by maximizing sales leverage in Parcel 58 -5.7% ∙ Despite TV Ad. market slow-down and COVID-19 affecting Pictures/Music, Revenue 811 Commerce and Digital growth defended market condition and revenue level ENM OP -49.7% ∙ Reduced profitability due to deceased TV Ad. revenue, stable profit from Commerce 40 Revenue -47.6% ∙ Decreased due to weak demand by COVID-19 pandemic affecting directly on to box office globally 243 CGV OP -72 Turn Neg. ∙ Turned negative due to fixed cost burdens weighed higher against the weak box office Revenue -19.4% ∙ Decreased due to weak demand on food material distribution and food catering service by COVID-19 603 FreshWay OP -13 Turn Neg. ∙ Turned negative due to weak sales driven by COVID-19 ※ CJCJ excluding CJ Logistics 10
CJ Co CJ Corp. . 1Q 1Q20 Ea Earnings Review 1Q20 20 Operating Results by business Revenue Operating Pr Op Prof ofit [Unit : W Bn] [Unit : W Bn] 1Q19 1Q20 YoY Yo 1Q19 1Q20 YoY Yo Food & Food Service 2,537.9 2,824.3 11.3% Food & Food Service 112.3 119.5 6.4% Bio 1,100.5 1,212.6 10.2% Bio 22.9 104.7 357.2% Retail & Logistics 2,886.4 2,970.3 2.9% Retail & Logistics 114.6 106.0 -7.5% Entertainment & Media 1,246.0 688.0 -44.8% Entertainment & Media 68.4 -76.4 Turn Neg. Others 24.1 144.8 500.8% Others 25.1 10.5 -58.2% Total 7,794.9 7,840.0 0.6% Total 343.3 264.3 -23.0% Stability of of the Business Por Portfolio Operating Profit Revenue Others Others Others Ente tertai tainm 0% 0% 2% 2% Others 7% 7% Ente tertai tainme ment t & ent t & Food & 7% 7% Medi dia Medi dia Food & Food Retai tail & Ente tertai tainm Food & Food & 9% 9% 16% Logi gisti tics Food Service ent t & Food Food Service 40% 33% Medi dia Service Service Retai tail & 33% 20% Retai tail & 45% 36% Logi gisti tics Logi gisti tics Bio Bio 38% Bio Retai tail & 37% 7% 7% 14% Bio 15% Logi gisti tics 40% 33% 11
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