Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — FY2018 Q3 Earnings Presentation
25 slides from Aisin's earnings presentation, Feb 2, 2018
Slide 1: FY2018 3rd Quarter Consolidated Financial Results
FY2018 3rd Quarter Consolidated Financial Results February 2nd, 2018 AISIN SEIKI Co., Ltd.
Slide 2: Contents
Contents 1.Consolidated Operating Results P.2-7 (FY2018 3rd Quarter) 2.Consolidated Operating Forecast P.8-13 (FY2018 - 12 months) 3.Reference Information P.14-24 1
Slide 3: 1. Consolidated Operating Results (FY2018 3rd Quarter)
1.Consolidated Operating Results (FY2018 3rd Quarter) 2
Slide 4: FY2018 3rd Quarter Overview of Financial Results
FY2018 3rd Quarter Overview of Financial Results 1. Revenue increased compared to last year due to favorable AT and Body parts sales, and the contribution of newly consolidated Art Metal Mfg. Co., Ltd. group. 2. Operating profit increased due to the increase of sales and FX trend, in spite of the ri
Slide 5: Consolidated Operating Results (FY2018 3rd Quarter)
Consolidated Operating Results (FY2018 3rd Quarter) FY2017 3Q FY2018 3Q Change (Billion yen) Rate to Rate to Results Revenue % Results Revenue % Amount % Revenue 2,605.1 - 2,878.6 - +273.5 +10.5 Operating Profit 162.2 6.2 185.6 6.4 +23.4 +14.4 Profit before income taxes 172.9 6.6 200.9 7.0 +28.0 +16
Slide 6: Sales by Customer (FY2018 3rd Quarter)
Sales by Customer(FY2018 3rd Quarter) FY2017 3rd Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 90.1 102.3⇒170.9(+68.6) 1,200 (3.5%) 1,114.0 Other Toyota +169.6 Auto Makers Group 1,000 2,605.1 944.4 281.4 Others +36.2 944.4 1,570.5 (36.
Slide 7: Segment Information (FY2018 3rd Quarter)
Segment Information (FY2018 3rd Quarter) Revenue (+ 273.5) Operating Profit (+ 23.4) (Billion yen) +172.1 FY2017 3Q FY2018 3Q (Billion yen) FY2017 3Q FY2018 3Q 1,800 FX Other 140 +29.0 FX Other 1,691.4 Impact factors Impact factors 1,600 Japan - +172.1 123.0 Japan +8.9 +20.1 1,519.3 120 North Americ
Slide 8: Fluctuations for Operating Profit (FY2018 3rd Quarter)
Fluctuations for Operating Profit (FY2018 3rd Quarter) FY2017 3Q / FY2018 3Q (Billion yen) +23.5 -21.7 -15.3 material price Change of improvement Cost structure * Gain from stock swap +12.5 185.6 with SHIROKI Corporation -19.5 -2.7 Depreciation +45.5 173.1 FX impact Fixed cost & others Operating Pro
Slide 9: 2. Consolidated Operating Forecast (FY2018 - 12 months)
2.Consolidated Operating Forecast (FY2018 - 12 months) 8
Slide 10: Consolidated Operating Forecast (FY2018 - 12 months)
Consolidated Operating Forecast (FY2018 - 12 months) FY2017 FY2018 Change FY2018 (Billion yen) Rate to Rate to Disclosed Rate to Results Revenue % Forecast Revenue % Amount % forecast in Revenue October % Revenue 3,562.6 - 3,860.0 - +297.4 +8.3 3,780.0 - Operating Profit 228.6 6.4 248.0 6.4 +19.4 +8
Slide 11: Forecast of Sales by Customer
Forecast of Sales by Customer (FY2018 - 12 months) FY2017 Revenue Other Auto Makers sales breakdown Life & others Chinese OEMs Total 121.3 (Billion yen) (Billion yen) 148.1⇒226.6(+78.5) (3.4%) 1,600 1,503.0 +203.0 Other Toyota 1,400 Auto Makers 3,562.6 Group 1,300.0 366.9 Others +31.5 1,300.0 2,141.
Slide 12: Forecast of Segment Information
Forecast of Segment Information (FY2018 - 12 months) +4 Revenue (+297.4) Operating Profit (+ 19.4) (Billion yen)+199.9 FY2017 FY2018 (Billion yen) +23.6 FY2017 FY2018 2,400 FX Other 162.4 FX Other 2,273.0 Impact factors 160 Impact factors 2,200 Japan - +199.9 Japan +8.6 +15.0 2,073.1 2,000 North Ame
Slide 13: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2018 - 12 months) FY2017 / FY2018 (Forecast) (Billion yen) * Gain from stock swap with SHIROKI Corporation -19.5 +33.0 -30.5 Gain resulting from negative goodwill material price Change of -22.9 +5.8 +12.6 248.0 improvement Cost structure with Art Meta
Slide 14: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2018 - 12 months) FY2018(Forecast in October) / FY2018 (Forecast) (Billion yen) +0.5 material price Change of -8.5 +12.0 +2.0 248.0 & others Fixed cost 246.0 FX impact (Forecast) Operating Profit non-ordinary factors) (Except Operating Profit 242.0 Sa
Slide 15: 3. Reference Information
3. Reference Information AISIN 4 \ GROUP 14
Slide 16: Capital Expenditure/Depreciation/R&D Expenditure
Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure (Billion yen) 294.1 （）: Rate to sales Others 280.0 ADS-G AW-G 247.8 23.7 237.4 AISIN SEIKI-G 21.6 220.0 (4.8%) 25.8 39.7 197.1 (4.7%) 184.0 186.1 (5.0%) 91.5 (5.0%) 162.6 167.7 123.2 161.0 18.6 20.4 14
Slide 17: Toyota Car Production
Toyota Car Production Toyota domestic Toyota oversea Toyota global production production production (10,000 Unit) 4Q 899 887 909 890 3Q 2Q 222 215 225 218 1Q 586 573 596 576 144 223 220 227 232 140 135 135 148 140 151 151 313 314 313 314 231 231 232 223 82 80 81 83 151 152 148 147 75 80 76 81 80 80
Slide 18: Sales Number
Sales Number AT sales MT sales (10,000 Unit) (10,000 Unit) 1,000 980 200 869 165 164 800 737 255 160 687 234 150 144 39 39 40 600 171 191 258 37 224 100 43 45 48 400 176 194 36 207 234 39 172 172 50 35 41 34 200 168 180 204 233 36 37 42 42 0 0 FY2015 FY2016 FY2017 FY2018 FY2015 FY2016 FY2017 FY2018
Slide 19: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 145 138 132 129 119 120 120 EUR 95 110 109 111 USD 70 25.0 18.8 CNY 20.0 18.0 16.1 16.7 THB 15.0 10.0 3.4 3.4 3.1 3.3 5.0 0.0 FY2015 FY2016 FY2017 FY2018 (Forecast) Impacts on Forex Impact on Operating Operating Profit profit per 1(or 0.1) y
Slide 20: Financial Results of the Main Consolidated Companies I
Financial Results* Theofresults the Main Consolidated Companies Ⅰ of FY2015 are based on JGAAP and the others are based on IFRS. AISIN SEIKI Group 4.9% (Billion yen) (Billion yen) 4.7% ◆ 4.0% 3.4% ◆ ◆ 150 2,000 ◆ 1,755.0 1,503.0 1,641.9 120 1,500 1,402.5 4Q 450.2 80.5 70.0 90 1,000 70.8 48.1 16.3 60
Slide 21: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ based on IFRS. * The results of FY2015 are based on JGAAP and the others are AISIN Takaoka Group (Billion yen) 4.3% 4.5% 4.0% (Billion yen) ◆ ◆ 3.2% 30 400 ◆ ◆ 292.2 300 263.8 275.9 273.0 4Q 20 74.5 200 11.2 12.3 11.7 8.8 3.2 10 100 3Q 217.7 8.5
Slide 22: Financial Results of the Main Consolidated Companies III
Financial Results* Theof the Main Consolidated Companies Ⅲ based on IFRS. results of FY2015 are based on JGAAP and the others are ADVICS Group 1.8% 2.4% (Billion yen) 1.7% ◆ ◆ (Billion yen) ◆ 800 1.1% 20 600 551.6 555.4 ◆ 580.9 14.0 527.3 15 4Q 146.2 400 9.6 9.2 5.3 10 6.1 3Q 200 434.7 5 8.7 0 0 FY2
Slide 23: Quarterly Performance
Quarterly Performance * The results of FY2015 are based on JGAAP and the others are based on IFRS. Revenue (10,000 Unit) (Billion yen) 231 223 232 226 231 227 225 223 232 250 223 222 220 220 215 217 218 1,200 957.5 917.0 938.0 1,023.5 981.3 200 1,000 858.8 907.5 773.2 771.2 792.2 843.5 838.9 838.6 8
Slide 24: Half Yearly Performance
Half Yearly Performance * The results of FY2015 are based on JGAAP and the others are based on IFRS. Revenue (10,000 Unit) (Billion yen) 2,400 454 445 451 436 457 452 440 450 480 1,865.0 1,855.1 2,004.8 1,800 1,682.5 1,697.5 360 1,529.7 1,563.4 1,434.8 1,200 240 600 120 0 0 1st H 2nd H 1st H 2nd H 1
Slide 25: Dividend per Share
Dividend per Share * The results before FY2015 are based on JGAAP and the others are based on IFRS. FY2018 FY2013 FY2014 FY2015 FY2016 FY2017 (Forecast) Interim 25 35 45 50 50 60 Dividend (yen) Year-end 50 60 50 50 75 70 Total 75 95 95 100 125 130 Dividend Payout Ratio 27.3% 29.7% 34.7% 28.2% 28.1%