[Concall] Samsung SDI "Focusing on Supply Chain Management in H2... Zen5 Profitability Greatly Contributed in Q2"

Provided by Samsung SDI

[Asia Economy Reporter Donghoon Jeong] Samsung SDI stated on the 29th during the 'Q2 Earnings Conference Call' that "a challenging business environment is still expected in the second half of the year," and added, "there are many uncertainties and risk factors in terms of demand and supply in the second half, so we will focus on supply chain management and risk management."

Kim Jongseong, Vice President of Samsung SDI's Management Support Office, said, "For automotive batteries, semiconductor supply has recently eased, and with the launch of major new car models, steady growth is expected in the EV sector."

He also added, "ESS is also showing expansion trends, and demand is expected to increase mainly for power ESS. Although the small battery market is expected to shrink due to a contraction in the power tool market, mobility demand is projected to continue its high growth." Vice President Kim further stated, "There are concerns about demand in the electronic materials sector in the second half, but we plan to minimize the impact through new product launches."

Regarding the record-high Q2 performance, he explained, "The expanded sales of Gen5 contributed the most to profitability," and added, "the rise in exchange rates and selling prices was largely offset by increased raw material purchase costs, so the impact on profit and loss was minimal."

Samsung SDI said, "Automotive battery sales in Q2 increased by about 30% compared to Q1, of which 20% was due to increased sales volume, and about 10% was due to price increases and exchange rate rises."

This content was produced with the assistance of AI translation services.