In Investor Re Rela lation tions MAY. 2020 Disclaimer This - - PowerPoint PPT Presentation

SLIDE 1

In Investor Re Rela lation tions

• MAY. 2020

SLIDE 2

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.

Disclaimer

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CO CONTENTS

Company Over vervie iew

1. 1.

1Q20 Ear Earnin ings Revie eview

2. .

App ppendix

3. 3.

SLIDE 4

Company Overview

SLIDE 5

4

CO COMPANY OVERVIEW EW

Vis Visio ion

Cre reat ate a a New Cul ulture re For r Heal althy, Happy and d Convenient Lifestyles

s Missio ion

Contribute to

• th

the gl glob

• bal community

by by pr providing th the best t val value to

• our

r cus ustomers wi with ONLYO YONE pr prod

• ducts

s and servi rvice ces

Vision & Mission Co Core Business Are reas

Food

• od &

Food

• od

Se Servic ice Bio Entertain inment &Media ia

33% 14% 16% 37% 7%

* 2019 K-IFRS Consolidated, Revenue Breakdown

Retail il & Logis Logistic ics

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CO COMPANY OVERVIEW EW

As As of En End of 2019 Ty Type No. . of Share res Stake Note Shares Common

29,176,998

Outstanding Preferred 1

2,260,223

Preferred 4 (Convertible)

4,226,512

Treasury Common

2,118,538 7%

Preferred 1

1,120

Shares Preferred 4 (Convertible)

13,132

Major Shareholder Common

12,275,574 42%

[Unit: W Bn, %]

B/S B/S 2018 18 2019 19 P/L P/L 2018 18 2019 19 Asset 31,729,5 40,381.4 Revenue 29,523.4 33,779.7 Liability 19,207,7 25,766.3 Operating Profit 1,332.5 1,509.2 Equity 12,521,8 14,615.1 Net Income 880.0 323.8 Liability to Equity Ratio 153% 176% OP Margin 4.5% 4.5%

Note: K-IFRS Consolidated

Strengt gthen competitiveness ss and d maximize synergies s betw tween four core business ss areas s in the group



Foo Food & & Foo Food Ser ervic ices : Actively pursue global expansion based on the experience as the country’s leading producer and service provider



Bio io : Secure global No. 1 position in green bio with outstanding R&D and advanced technologies



Ret etail l & & Logis isti tics : Provide the largest total logistics services and operate the country’s top selling home shopping channel and Korea’s leading health & beauty (H&B) store brand



En Entert rtain inment & & Me Media ia: Create and produce contents unlimited to movies, music, drama and performance and operate the country’s largest movie theater complex

Bus Business Overview

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CO COMPANY OVERVIEW EW

[As of end of Mar, 2020] Listed *Note: Common Stock Basis

CJ CheilJedang

CJ Foodville CJ OliveYoung

55.1% 44.6%

CJ CGV

39.0% 40.1% 96.0%

CJ Freshway

47.1%

Foo Food & Foo Food Se Service Bi Bio Ent ntertainment & Med edia

CJ Logistics

40.1%

Re Retail & & Logistics

Studio Dragon

66.2%

Food BIO

CJ ENM

Ex.

O Shopping

Ex. E&M CJ Olive Networks

100.0%

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7

1Q20 Earnings Review

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8

CJ CJ Co Corp. . 1Q 1Q20 Ea Earnings Review

CJ’s Globalization

94% Globa bal 6% 6% Do Domestic 94% 국내 73% 해외 27% Globa bal 36% Do Domestic 64%

Consolidated Revenue

2019

Note: K-IFRS Consolidated

2008

Fi Financial Sum Summary

[Unit: W Bn] 7,913 9,665 11,616 13,271 17,628 18,852 19,572 21,167 23,954 26,899 29,523 33,780 550 738 788 901 1,063 786 1,003 1,225 1,253 1,326 1,333 1,509

500 1,000 1,500 2,000 2,500 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Revenue Operating Profit

Since the transition to a holdings company in September 2007, CJ Corp has achieved Sales CAGR of 14.1% and

• perating profit CAGR of 9.6% through adopting

“choose and focus” strategy on 4 core business areas. By the end of 2019, Company’s total assets and revenue recorded KRW 40.3 trillion and KRW 33.8 trillion , which is 314% and 326% increase within past 11years, respectively. Expand global presence of businesses which are already indisputably a domestic leader under the operations of CJCJ, CJ Logistics, CJ CGV and more Continue to increase global sales proportion which has seen a remarkable growth from 6% in 2008 up to 36% in 2019 Increase market share already at unwavering global No. 1 of major Bio products, namely lysine, nucleotides and tryptophan No.1 theater operator in Vietnam and Turkey

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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

CJ CJ Co Corp. . 1Q 1Q20 Ea Earnings Review

Fi Financial Hi Highlights

[Unit : W Bn]

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 1Q 19 19 2Q 19 19 3Q 19 19 4Q 19 19 1Q 1Q 20 20 Revenue 7,795 8,454 8,680 8,851 7,840 Operating Profit 343 365 427 374 264 (%) 4.4% 4.3% 4.9% 4.2% 3.4%

[Unit : W Bn] 7,795 8,454 8,680 8,851 7,840 343 365 427 374 264

200 400 600 800 1000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

1Q 19 2Q 19 3Q 19 4Q 19 1Q 20

Revenue OP

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Com Compa pany 1Q20 Hi Highlig ights W bn bn YoY CJCJ Revenue

3,482 +23.9% ∙ Up with robust sales growth from Processed Food and Bio along with Schwan’s acquisition

OP

220 +53.3% ∙ Improved due to resilient hog price and Schwan’s acquisition effect

despite early sales recognition giftset in 4Q19 CJ Logistics Revenue

2,515 +3.4% ∙ Up with significant growth on Parcel as “Untact Trend” emerges which offset distress in China

and Forwarding biz triggered from COVID-19 OP

58 +28.5% ∙ Increased thanks to significant profit improvement by maximizing sales leverage in Parcel

ENM Revenue

811

• 5.7% ∙ Despite TV Ad. market slow-down and COVID-19 affecting Pictures/Music,

Commerce and Digital growth defended market condition and revenue level OP 40

• 49.7% ∙ Reduced profitability due to deceased TV Ad. revenue, stable profit from Commerce

CGV Revenue

243

• 47.6% ∙ Decreased due to weak demand by COVID-19 pandemic affecting directly on to box office globally

OP

• 72 Turn Neg. ∙ Turned negative due to fixed cost burdens weighed higher against the weak box office

FreshWay Revenue

603

• 19.4% ∙ Decreased due to weak demand on food material distribution and food catering service by COVID-19

OP

• 13 Turn Neg. ∙ Turned negative due to weak sales driven by COVID-19

※ CJCJ excluding CJ Logistics

CJ CJ Co Corp. . 1Q 1Q20 Ea Earnings Review

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CJ CJ Co Corp. . 1Q 1Q20 Ea Earnings Review

1Q20 20 Operating Results by business 1Q19 1Q20 Yo YoY Food & Food Service 2,537.9 2,824.3 11.3% Bio 1,100.5 1,212.6 10.2% Retail & Logistics 2,886.4 2,970.3 2.9% Entertainment & Media 1,246.0 688.0

• 44.8%

Others 24.1 144.8 500.8% Total 7,794.9 7,840.0 0.6%

Revenue Op Operating Pr Prof

• fit

Stability of

• f the Business Por

Portfolio

Revenue Operating Profit

1Q19 1Q20 Yo YoY Food & Food Service 112.3 119.5 6.4% Bio 22.9 104.7 357.2% Retail & Logistics 114.6 106.0

• 7.5%

Entertainment & Media 68.4

• 76.4

Turn Neg. Others 25.1 10.5

• 58.2%

Total 343.3 264.3

• 23.0%

[Unit : W Bn] [Unit : W Bn]

Food & Food Service 33% Bio 14% Retai tail & Logi gisti tics 37% Ente tertai tainm ent t & Medi dia 16% Others 0% 0% Food & Food Service 36% Bio 15% Retai tail & Logi gisti tics 38% Ente tertai tainme ment t & Medi dia 9% 9% Others 2% 2% Food & Food Service 33% Bio 7% 7% Retai tail & Logi gisti tics 33% Ente tertai tainm ent t & Medi dia 20% Others 7% 7% Food & Food Service 45% Bio 40% Retai tail & Logi gisti tics 40% Others 7% 7%

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[Un [Unli liste ted] 1Q 1Q20 Ea Earnin ings Revie eview: CJ J Oli liveN eNet etworks(IT)

[Revenue] Decreased 5.5%yoy with contraction of SI sales despite increased SM(System operation and

Maintenance) service area and IDC(Building/Operating infrastructure such as server, network, and security)/messaging services

• Increased the scope of SM service area by expanding

groups’ business

• Decreased SI sales due to subsidiaries’ contingency

management

[NI] Decreased with contraction of dividend payments by PowerCast (’18 10.7bil ⇒’19 5.4bil)

[ [ P/ P/L Summary]

(Unit: W Bn) 2019 1Q19 1Q20 YoY

• Y

(%,%p) (W Bn)

Revenue

465.0 110.4 104.3

• 5.5%
• 6.1

Operating Profit

45.2

• OPM(%)

97%

• EBIT

42.4

• Net Income

39.3 16.6 10.0

• 39.8%
• 6.6

CJ Olivenetworks(100% owned by CJ Corp.) has signed a comprehensive management service contract for information system operations, such as CJ Group, to provide the services related to computerization, and to public institutions and private companies to develop software and Internet solutions.

B/S B/S 2018 18 2019 19 Asset 1,164,9 473,4 Liability 649,4 305,0 Equity 515,5 168,4 Liability to Equity ratio 126% 181%

※ FY2018 B/S is based on a pre-division

[Mid-to to Long-term Strategy gy] Fortify capability of

• f Data

Ana Analytics s such as Big g Data/A /AI/Cloud/etc. . and d Leading the Digital Tr Transformation of

• f CJ'

J's s major business

 Improve Operation Excellence and Customer Experience in key business such as Food/Logistics/E&M/etc.(Customer Data- based Marketing, Logistics/Store Operating Automation, etc.)  Combine AI with differentiated data(CJ One Data, Operation Data by business, etc.) from CJ Group that can identify consumption trends of Contents/Parcel/Food/Restaurant/etc.

※ Based on K-IFRS Separate

[Unit : W Bn, %]

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[Un [Unli liste ted] 1Q 1Q20 Ea Earnin ings Revie eview: CJ J Oli liveY eYoung

[ [ P/ P/L Summary]

(Unit: W Bn) 2019 1Q19 1Q20 YoY

• Y

(%,%p) (W Bn)

Revenue

1,960.0 456.1 453.7

• 0.5%
• 2.4

* Online (%)

10.6%

• Operating

Profit

87.9

• OPM(%)

4.5%

• EBIT

69.4

• Net Income

50.9 17.2 9.7

• 43.6%
• 7.5

CJ OliveYoung (55% owned by CJ Corp.) is a newly established company on Nov. 1st, 2019. It provides trendy products such as beauty-, health-, personal-care, supplement, accessories, etc. through onine/offline services.

OY OY 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 Sto tore (Do Domestic ic) 1,214 1,233 1,238 1,246 1,249 Di Dire rect 980 992 995 1,005 1,009 Fr Franchise ise 234 241 243 241 240

B/S B/S 2018 18 2019 19 Asset

• 1,346,3

Liability

• 1,034,6

Equity

• 311,7

Liability to Equity ratio

• 332%

[Unit : W Bn, %]

※ Based on K-IFRS Separate

[Revenue] Decreased 0.5%yoy thanks to growth in

• nline business despite sluggish SSSG driven by

COVID-19

• 1,249 Stores (+35 Stores YoY, +3 Stores QoQ)
• Strengthen MD strategy and discount sales with newly

launched events such as marketing using SNS, etc.

[NI] Decreased due to contraction of store sales driven by COVID-19 despite promotion cost execution

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[Un [Unli liste ted] 201 2019 Ea Earnin ings Revie eview: CJ J Fo Foodvill lle

[ P/ P/L Summary]

(Unit: W Bn) 2019 1Q19 1Q20 YoY

• Y

(%,%p) (W Bn)

Revenue

814.1 229.9 152.9

• 33.5%
• 77.0

Operating Profit

• 6.5
• EBIT

42.6

• Net Income

32.3 6.8

• 6.4

Turn Neg.

• 13.2

CJ Foodville (96% owned by CJ Corp.) has dining brands such as <VIPS>, <Season's Table>, <The Place>, <Cheil Jemyunso>, etc. and franchise brand <Tous Les Jours>

[Unit : W Bn, %]

※ Based on K-IFRS Separate

[Revenue] Decreased due to contraction of -dining brands’ sales driven by COVID-19 and – the number

• f weak performance stores based on the strategy

for improving profitability

• VIPS: 40 Stores (-18 Stores YoY, -1 Store QoQ)
• Season’s Table: 15 Stores (-1 Stores YoY, - QoQ)

Sold 45% of <Twosome Place> stake in 2Q19. (Residual stake: 15%)

Foo Foodvil ille 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 Stor Store (Do Domestic ic) 2,558 2,954 1,628 1,591 1,590 Di Direct 230 237 141 124 121 Fran anchis ise 2,328 2,359 1,293 1,274 1,271 St Stor

• re

(Overseas) 372 358 194 193 198

B/S B/S 2018 18 2019 19 Asset 6,188 6,188 Liability 7,211 5,390 Equity 110 798 Liability to Equity ratio 6,555% 675%

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Appendix

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Fin Financial st statement

Co Consolidated St Statements

2019 19 1Q2 Q20 YoY

• I. Current Assets

10,638.2 11,471.2 833.0

• 1. Cash and Cash Equivalents

1,602.6 1,888.7 286.1

• 2. Short-term Financial Instruments

1,107.4 1,299.2 191.8

• 3. Trade Receivables

3,580.2 3,626.1 45.9

• 4. Inventories

2,549.0 2,649.3 100.3

• 5. Other Current Assets

1,799.0 2,007.9 208.9

• II. Non-Current Assets

Held for Sale

514.5 7.4

• 507.1
• III. Non-Current Assets

29,228.7 29,737.7 509.0

To Total As Asset set

40,381 ,381.4 .4 41,216 ,216.3 .3 834.9 4.9

• I. Current Liabilitities

12,283.4 12,566.9 283.5

• II. Non-Current Liabilitities

13,481.6 13,589.3 107.7

• III. Non-Current Liabilitities

Held for Sale

1.3

• 1.3

To Total Liabilities

25,766 ,766.3 .3 26,156 ,156.2 .2 389.9 9.9

I.Equity Attributable to Owners

• f the Company

4,509.6 4,658.5 148.9

• 1. Capital Stock

179.0 179.0

• 2. Paid-in Capital

in Excess of Par Value

992.9 992.9

• 3. Other Components of Equity
• 195.7
• 136.9

58.8

• 4. Retained Earnings

3,533.4 3,623.5 90.1

• II. Non-Controlling Interest

10,105.5 10,401.7 296.2

To Total Equ Equity

14,615 ,615.1 .1 15,060 ,060.2 .2 445.1 5.1

Debt bt Ra Ratio

176.3% 6.3% 173.7% 3.7%

• 2.6%

.6%pt. [Unit: W Bn] [Unit: W Bn] 1Q18 1Q19 YOY

I.

• I. Re

Revenue

7,79 794.9 4.9 7,84 840.0 0.0 0.6%

• II. COGS

5,639.9 5,769.4 2.3%

• III. Gross Profit

2,155.0 2,070.6

• 3.9%

IV.

• IV. Ope

pera rating g Pr Profit

343.3 3.3 264.3 4.3

• 23.0%
• V. Profit before Income Tax

171.2 524.7 206.5%

• VI. Tax Expenses

57.0 161.4 183.2%

VII VII. . Net Pr Profit

114.2 4.2 363.3 3.3 218.1%

• 1. Profit Attributable to

Owners of the Company

48.3 152.4 215.5%

• 2. Profit Attributable to

Non-Controlling Interests

65.9 210.9 220.0% 2018 18 2019 19 YOY

I.

• I. Re

Revenue

29,52 9,523. 3.4 4 33,77 3,779. 9.7 7 14.4% .4%

• II. COGS

21,170.2 24,634.4 16.4%

• III. Gross Profit

8,353.2 9,145.3 9.5%

IV.

• IV. Ope

pera rating g Pr Profit

1,33 332.5 .5 1,50 509.2 .2 13.3% .3%

• V. Profit before Income Tax

1,319.7 597.1

• 54.8%
• VI. Tax Expenses

439.7 273.3

• 37.8%

VII VII. . Net Pr Profit

880.0 0.0 323.8 3.8

• 63.2%

3.2%

• 1. Profit Attributable to

Owners of the Company

276.0 267.1

• 3.2%
• 2. Profit Attributable to

Non-Controlling Interests

604.0 56.7

• 90.6%

[Unit: W Bn]

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Fin Financial st statement

Se Separate St Statements

201 019 1Q20 YoY

• I. Current Assets

79.9 190.6 110.7

• 1. Cash and Cash Equivalents

5.2 57.7 52.5

• 3. Other Current Assets

74.7 132.9 58.2

• II. Non-Current Assets

2,900.4 2,885.6

• 14.8

To Total l Asset

2,98 ,980.3 .3 3,07 ,076.2 .2 95.9 5.9

• I. Current Liabilitities

92.2 205.1 112.9

• II. Non-Current Liabilitities

104.2 105.3 1.1

To Total l Liabilit litie ies

196 96.4 .4 310 10.4 .4 114 14.0 .0

• I. Capital Stock

179.0 179.0

• II. Paid-in Capital in Excess of Par Value

992.8 992.8

• III. Other Components of Equity
• 106.8
• 106.8
• IV. Retained Earnings

1,718.9 1,700.8

• 18.1

To Total l Equ quit ity

2,78 ,783.9 .9 2,76 ,765.8 .8

• 18

18.1 .1

Debt Ratio io

7.1% .1% 11.2 1.2% 4.2% .2%pt.

[Unit: W Bn] [Unit: W Bn] 1Q1 Q19 1Q2 Q20 YOY

I.

• I. Ope

pera rating Re Revenue

68.5 .5 69.7 .7 1.8% 8%

• Royalty Income

21.7 21.5

• 0.9%
• Dividend Income

45.3 46.6 2.9%

• Others

1.5 1.6 6.7%

• II. Operating Expenses

22.4 15.7

• 29.9%

II III. . Ope pera rating Pr Profit

46.1 .1 54.0 .0 17.1% .1%

• IV. Profit before Income Tax

Benefit(Expense)

43.5 43.7 0.5%

• V. Income Tax

Benefit(Expense)

0.2

• 0.3
• VI.
• VI. Net Pr

Profit

43.3 .3 44.0 .0 1.6% 6% 2018 18 2019 19 YOY

I.

• I. Ope

pera rating Re Revenue

169.9 9.9 181.7 1.7 6.9% 9%

• Royalty Income

99.6 101.4 1.8%

• Dividend Income

38.3 45.3 18.3%

• Others

32.0 35.0 9.4%

• II. Operating Expenses

90.9 107.0 17.7%

II III. . Ope pera rating Pr Profit

79.0 9.0 74.7 4.7

• 5.4%

.4%

• IV. Profit before Income Tax

Benefit(Expense)

40.4 67.7 67.6%

• V. Income Tax

Benefit(Expense)

4.3 4.4 2.3%

VI.

• VI. Net Pr

Profit

36.1 6.1 63.3 3.3 75.3% .3% [Unit: W Bn]

SLIDE 19

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Thank you