Aisin Corporation · TSE:7259

Aisin — Q2 FYE2024 Earnings Presentation

24 slides from Aisin's earnings presentation, Oct 31, 2023

  1. Slide 1: Financial Results for FYE2024 2nd Quarter

    For the Fiscal year Ended March 31, 2024 2nd Quarter (April 1, 2023 to September 30, 2023) Financial Results October 31, 2023 AISIN CORPORATION For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

  2. Slide 2: Overview of FYE2024 2nd Quarter Financial Results

    Overview of FYE2024 2nd Quarter Financial Results Revenue increased YoY due to a recovery in vehicle production resulting from an FYE2024 improvement in the semiconductor shortage and an increase in electrification unit sales. 1H Operating profit increased YoY due to improvements in the business env

  3. Slide 3: Consolidated Financial Results (FYE2024 2nd Quarter)

    Consolidated Financial Results (FYE2024 2nd Quarter) For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved. 1

  4. Slide 4: 2nd Quarter Results Financial Summary

    FYE2024 2nd Quarter Results Financial Summary （ ）Shows Rate to Revenue % 【 Billion JPY 】 FYE2023 2nd Quarter FYE2024 2nd Quarter Change Rate Change Results Results % Revenue 2,106.6 - 2,454.7 - +348.1 +16.5 Operating Profit 26.6 (1.3) 90.8 (3.7) +64.2 +241.1 Profit before Income Taxes 54.9 (2.6) 108

  5. Slide 5: 2nd Quarter Revenue by Customer

    FYE2024 2nd Quarter Revenue by Customer Mobility 【 Billion JPY 】 Energy Solutions and Others Revenue by Customer（Other OEMs） 2,454.7 Customer FYE2023 2Q FYE2024 2Q Change Change 62.5 Results Results Rate (%) 2,106.6 (2.5%) Stellantis 129.0 142.0 +13.0 +10.0 57.4 VW & Audi 94.2 100.2 +6.0 +6.3 (2.7%)

  6. Slide 6: 2nd Quarter Segment Information

    FYE2024 2nd Quarter Segment Information FYE2023 2nd Quarter Results FYE2024 2nd Quarter Results 【 Billion JPY 】 Revenue（YoY＋348.1） Operating Profit（YoY＋64.2） +184.2 +50.4 1,227.4 43.1 -0.6 1,043.2 +3.9 29.428.8 +86.3 19.1 478.1 +2.3 15.2 +31.3 +18.2 391.8 +15.3 +28.2 280.0 311.3 252.4 1.2 3.5 234.2

  7. Slide 7: 2nd Quarter Analysis of Operating Profit

    FYE2024 2nd Quarter Analysis of Operating Profit 【 Billion JPY 】 + 22.0 + 5.0 -18.8 90.8 + 14.0 + 7.0 + 35.0 26.6 FYE2023 2Q Sales & Product FX Impact Materials/ Cost Structure Structural Fixed Expense FYE2024 2Q Results Mix etc. Logistics Cost Improvement Reforms etc. Results Sales & Product Mix et

  8. Slide 8: Consolidated Financial Forecast (FYE2024)

    Consolidated Financial Forecast (FYE2024) For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved. 2

  9. Slide 9: Forecast Financial Summary

    FYE2024 Forecast Financial Summary （ ）Shows Rate to Revenue % 【 Billion JPY 】 FYE2023 FYE2024 Change FYE2024 Forecast Change Results Forecast Rate % As of Apr. 27 Revenue 4,402.8 - 4,900.0 - +497.2 +11.3 4,600.0 - Operating Profit 57.9 (1.3) 210.0 (4.3) +152.1 +262.4 190.0 (4.1) Profit before Income

  10. Slide 10: Revenue by Customer

    FYE2024 Revenue by Customer Mobility 【 Billion JPY 】 Energy Solutions and Others Revenue by Customer（Other OEMs） 4,900.0 Customer FYE2023 FYE2024 Change Change 4,402.8 Results Forecast Rate (%) 135.0 (2.8%) Stellantis 275.5 295.0 +19.5 +7.1 124.4 (2.8%) VW & Audi 177.2 188.0 +10.8 +5.8 Other 1,580.0

  11. Slide 11: Segment Information

    FYE2024 Segment Information FYE2023 Results FYE2024 Forecast 【 Billion JPY 】 Revenue（YoY＋497.2） Operating Profit（YoY＋152.1） +240.4 +113.5 2,460.0 109.0 2,219.6 -2.2 +17.0 62.260.0 +115.7 +88.1 -1.3 33.0 930.0 +33.5 814.3 +27.1 16.0 +26.2 620.0 8.3 7.0 1.0 370.0 531.9 492.9 520.0 343.8 -4.5 -32.5 Jap

  12. Slide 12: Analysis of Operating Profit

    FYE2024 Analysis of Operating Profit 【Compared to Disclosure on April 27】 【 Billion JPY 】 【-23.0】 + 50.0 + 10.0 -14.9 210.0 【+5.0】 【+15.0】 【+23.0】 + 7.0 +10.0 +70.0 +20.0 57.9 One-time Costs FYE2023 (Expense for Sales & Product FX Impact Materials/ Cost Structure Structural Fixed FYE2024 Results Mix

  13. Slide 13: Reference Information

    Reference Information For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved. 3

  14. Slide 14: Revenue Details (FYE2024 2Q Results・FYE2024 Forecast)

    Revenue Details（FYE2024 2Q Results・FYE2024 Forecast） （ ）Shows Composition Ratio 【Billion JPY】 FYE2023 2Q FYE2024 2Q Change Change Results Results Rate % Powertrain 1,193.7 (56.7) 1,368.0 (55.7) +174.3 +14.6 Chassis & Vehicle 432.4 (20.5) 491.7 (20.0) +59.3 +13.7 Mobility Safety Systems Body 387.6 (1

  15. Slide 15: CAPEX / Depreciation / R&D

    CAPEX / Depreciation / R&D 【Billion JPY】 FYE2023 2Q FYE2024 2Q FYE2023 FYE2024 By Business Results Results Results Forecast Powertrain 38.6 31.1 96.8 109.0 Chassis & Vehicle 19.4 21.2 42.0 57.0 CAPEX Safety Systems Body 15.3 13.4 37.3 35.0 CSS* & Others 15.3 19.3 45.3 47.0 Total 88.6 85.2 221.4 248.

  16. Slide 16: 2Q Segment by Region

    FYE2024 2Q Segment by Region 【Billion JPY】 FYE2023 2Q FYE2024 2Q Change Region Change Results Results FX Others Japan 1,043.2 1,227.4 +184.2 - +184.2 North America 391.8 478.1 +86.3 +23.7 +62.6 Revenue Europe 157.1 185.3 +28.2 +1.9 +26.3 China 280.0 311.3 +31.3 -2.0 +33.3 Asia & Others 234.2 252.4 +

  17. Slide 17: Segment by Region

    FYE2024 Segment by Region 【Billion JPY】 FYE2023 FYE2024 Change Region Change Results Forecast FX Others Japan 2,219.6 2,460.0 +240.4 - +240.4 North America 814.3 930.0 +115.7 +31.8 +83.9 Revenue Europe 343.8 370.0 +26.2 +2.2 +24.0 China 531.9 620.0 +88.1 -8.8 +96.9 Asia & Others 492.9 520.0 +27.1 +1

  18. Slide 18: Highlights of Financial Performance

    Highlights of Financial Performance R&D Expenditure Revenue／Operating Profit／Operating Profit Ratio ／Ratio of R&D Expenditure to Revenue Revenue Operating Profit Operating Profit Ratio R&D Expenditure Ratio of R&D Expenditure to Revenue 【%】 【%】 【 Billion JPY 】 【 Billion JPY 】 4,900.0 205.8 218.6 210

  19. Slide 19: Toyota Production/Powertrain Unit Sales

    Toyota Production/Powertrain Unit Sales 【10,000 Unit】 Toyota Production Volume Powertrain Unit Sales Volume Domestic Overseas （）Total Sales of HEV, eAxle (after FYE2021） 953 888 (93) 926 916 904 (136) 893 895 (70) 816 567 643 618 526 326 290 273 276 FYE2020 Results FYE2021 Results FYE2022 Results FY

  20. Slide 20: Half Yearly Performance

    Half Yearly Performance Revenue （）Total Sales of HEV, eAxle (after FYE2021） Revenue Powertrain Unit Sales 【Billion JPY】 【10,000 Unit】 531 534 536 （42） 469 484 462 464 （110） （125） 458 （41） （52） （77） 2,000.0 446 （59） 357 （28） 2,069.8 2,106.6 2,296.2 2,454.7 2,445.2 1,000.0 1,913.7 1,870.8 1,864.7 2,05

  21. Slide 21: Quarterly Performance

    Quarterly Performance Revenue Revenue Powertrain Unit Sales （）Total Sales of HEV, eAxle (after FYE2021） 【Billion JPY】 【10,000 Unit】 274 258 265 268 1,800.0 243 227 238 245 233 236 236 220 （20） （22） 229 228 （56） （55） 226 220 222 （20） （21） （27） （25） （36） （17） （27） （32） （41） 1,200.0 137 （10） 1,021.3 99

  22. Slide 22: Capital Policy

    Capital Policy Our core capital policy is to maximize corporate value by maintaining the balance between “financial safety” and “capital efficiency”. We regard capitalization ratio*1 as an important financial index to assess our capital structure, and believe the ratio from 25% to 30% represents opt

  23. Slide 23: Return to Shareholders

    Return to Shareholders Our “Return to Shareholders” policy is to achieve steady dividend payout with a dividend payout ratio of around 30%. We also consider to repurchase Treasury Stock based on our capitalization ratio and future investment trends. Profit before Income Taxes／ EPS Dividends per Shar

  24. Slide 24: Note on future predictions

    【Note on future predictions 】 Excluding matters related to past and current facts, the business results forecasts and forward-looking estimates, strategies and targets disclosed by the Company are estimates regarding the future. These estimates are formulated from plans, expectations and judgments m

Aisin — Q2 FYE2024 Earnings Presentation on 6ix