Denso Corporation · TSE:6902
Denso — Q1 FY2024 Earnings Presentation
13 slides from Denso's earnings presentation, Jul 28, 2023
Slide 1: FY2024 1st Quarter Financial Results
DENSO Crafting the Core FY2024 1st Quarter Financial Results (2023 /4-2023/6) July 28th, 2023 DENSO CORPORATION
Slide 2: Overview of FY2024 1st Quarter Financial Results
Overview of FY2024 15 Quarter Financial Results Revenue in the first quarter increased compared to the previous year due to the easing of the semiconductor shortage, vehicle production increase, foreign exchange gains and 1 expansion of products for electrification, safety and peace of mind areas. O
Slide 3: FY2024 1st Quarter Financial Results (2023/4-2023/6)
FY2024 15t Quarter Financial Results (2023/4-2023/6) P/L (IFRS) (Ratio to Revenue) [ Unit: Billions of Yen, % ) 2022/4-2022/6 eee — chenve | Revenue 1,415.0 1,712.9] +297.9] +21.0% Operating Profit (4.5%) 63.6] (5.5%) 94.4 +30.7| +48.3% Profit before Income (5 3%) 82.6](7-5%) 129.3] +46.7| +56.6% Pr
Slide 4: FY2024 1st Quarter Consolidated Revenue (By Customer)
FY2024 1st Quarter Consolidated Revenue (By Customer) (Unit: Billions of Yen) Coa arns oF re) ag basis) | Revenue 1,415.0 => 1,712.9 (+21.0%) [+18.2%] INCR/DECR [ ]:vs 22/4-6 (3 months basis) INCR/DECR "Toyota group 709.1 => 889.8 (425.5%) [+23.8%] excluding FX diff. *Other OEMs 532.7 => 649.7 (421.
Slide 5: FY2024 1st Quarter Consolidated Revenue (By Product)
FY2024 1st Quarter Consolidated Revenue (By Product) © (Unit: Billi if Ye (usage ( months basis) 1,415.0 1,7 12.9 (421.0%) [+18.2%] [ ]:vs 22/4-6 (3 months basis) INCR/DECR _ excluding FX diff. Non-Automotive Business Other Automotive Advanced Devices (+31.5%) [+28.3%] Electrification Systems (423.6
Slide 6: Change in FY2024 1st Quarter Operating Profit
Change in FY2024 1st Quarter Operating Profit Raw material cost : +1.0 [ Unit: Billions of Yen) Energy cost : -2.0 - Parts & material cost : -28.0 Production volume : +74.0 Inventory decrease etc.: -5.0 E 30 Improvement : +8.5 xpenses : -9. a : labor: +1.0 Biz, Agiiity + +3-0 94.4 Depreciation : +2.
Slide 7: Geographical Segments by Company Location
Geographical Segments by Company Location [Unit : Billions of Yen] [ ] Ratio to Revenue Revenue 981.1 22/4-22/6 @ 23/4-23/6 825.3 399.6 441.9 454.8 337.2 184.5 166.1 i 25.7 32.2 = Operating Profit Japan North Europe Asia Others Ratio to America previous forecastt 18.9% +18.5% +11.1% +2.9% +25.1% 22/
Slide 8: Trend of Capital Expenditures, Depreciation and R&D Expenditures
Trend of Capital Expenditures, Depreciation and R&D Expenditures -e@ Ratio to Revenue [Unit: Billions of Yen] < > Ratio to 24/3F PCAPEX R&D (including asset accrual) 8.5% w 7:6% 6.5% . 6.4% 9 6.1% ee 5.7% 5.5% 5.9% 5.5% 5.3% “0 e Oe : 507.8 492.0 497.6 521.6 . *Che fi * 436.5 previous forecast +50 p
Slide 9: FY2024 Financial Forecast
FY2024 Financial Forecast P/L (IFRS) (Ratio to Revenue) [ Unit: Billions of Yen, % ) Forecast as of 2024/3 Change from Mar. 2023 Forecast previous forecast Revenue 6,300.0 6,700.0} +400.0 +6.3% Operating Profit (8.1%) 510.0}(9.0%) 600.0 +90.0] +17.6% Profit before Income Taxes |(8.8%) 555.0]/(9.8%)
Slide 10: Change in FY2024 Forecast Operating Profit
Change in FY2024 Forecast Operating Profit [Diff. from last financial forecast] The trends of bad effect [ Unit: Billions of Yen] Foreign exchange gains in the first of material and energy is quarter and premise change of F/X rate easing. [+90.0] from the second quarter reflect forecast Annual : in
Slide 11: Major Financial Indicator
Major Financial Indicator Revenue: Operating Profit: Operating Profit Margin (Unit: Billions of Yen) ROE-ROIC-WACC *Change from previous forecast +0.8% 9.0% a” “ 8.0% 2» -% 1% 5,515.5 5153.5 4 936.7 1 ||| 1 fy 341.2 = 1 : ° | 20/3 21/3 22/3 an vase 20/3 21/3 22/3 23/3 24/3(F) m Revenue Operating = O
Slide 12: Stock split / Annual dividend
Stock split / Annual dividend <Stock split> On September 30‘, 2023, as of record date, the shares of common stock owned by shareholders will be split into 4 shares per share. <Annual dividend > 24/3F : 200 yen (interim 100 yen and year-end 100 yen) 25x4 3.2 % 3.2 % 3.1 % 9, DOE 3.0 % 185 200 icven)
Slide 13: Note on supplementary data posted separately
DENSO Crafting the Core Regarding the data that has been posted after the main part so far, from this time, we have decided to convert it to Excel and post it separately on the website.Please check the website.