Aisin Corporation · TSE:7259
Aisin — Q1 FY2021 Earnings Presentation
20 slides from Aisin's earnings presentation, Jul 31, 2020
Slide 1: FY2021 1st Quarter Consolidated Financial Results
FY2021 1st Quarter Consolidated Financial Results July 31st, 2020 AISIN SEIKI Co., Ltd. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain assumptions that the Company considers reasonable. The Company does not gu
Slide 2: Contents
Contents 1.Consolidated Financial Results P.2-7 (FY2021 1st Quarter) 2.Consolidated Financial Forecast P.8-10 (FY2021 - 12 months) 3.Reference Information P.11-19 1/19
Slide 3: 1. Consolidated Financial Results (FY2021 1st Quarter)
1.Consolidated Financial Results (FY2021 1st Quarter) 2/19
Slide 4: FY2021 1st Quarter Overview of Financial Results
FY2021 1st Quarter Overview of Financial Results 1.With respect to the 1Q result for FY2021, Revenue and Operating Profit decreased significantly due to the impact of COVID-19, in spite of the recovery in Chinese market. 2. Taking the significant decrease in sales caused by COVID-19 as a profitable
Slide 5: Consolidated Financial Results (FY2021 1st Quarter)
Consolidated Financial Results (FY2021 1st Quarter) FY2020 1Q FY2021 1Q Change (Billion yen) Rate to Rate to Results Revenue % Results Revenue % Amount % Revenue 963.0 - 555.2 - -407.8 -42.3 Operating Profit 25.5 2.7 -79.9 -14.4 -105.4 - Profit before income taxes 29.1 3.0 -73.7 -13.3 -102.8 - Profi
Slide 6: Sales by Customer (FY2021 1st Quarter)
Sales by Customer (FY2021 1st Quarter) FY2020 1st Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 30.1 329.5 39.1 ⇒39.1(+0.0) (3.1%) 300 Other Auto Makers 107.4 -125.3 329.5 963.0 Toyota Group 250 (34.3%) 603.2 7.3 Geely (62.6%) 204.2 Au
Slide 7: Segment Information (FY2021 1st Quarter)
Segment Information (FY2021 1st Quarter) Revenue (-407.8) Operating Profit (-105.4) (Billion yen) -224.1 FY2020 1Q FY2021 1Q (Billion yen) FY2020 1Q FY2021 1Q FX Other 600 FX Other Impact factors Impact factors 556.0 Japan － -224.1 50 Japan -1.3 -79.3 North 500 North America +0.3 -15.9 America -1.3
Slide 8: Fluctuations for Operating Profit (FY2021 1st Quarter)
7/19 (Billion yen) FY2021 1Q Operating -79.9 Profit +24.0 Emergency Measures & Structural reforms +9.5 Fixed cost & others -0.7 Depreciation Fluctuations for Operating Profit -105.4 Billion yen -1.5 FX impact Change of -1.0 material price FY2020 1Q / FY2021 1Q +3.9 Cost structure improvement -22.3 D
Slide 9: 2. Consolidated Financial Forecast (FY2021 - 12 months)
2.Consolidated Financial Forecast (FY2021 - 12 months) 8/19
Slide 10: Consolidated Financial Forecast (FY2021 - 12 months)
Consolidated Financial Forecast (FY2021 - 12 months) FY2020 FY2021 Change (Billion yen) Rate to Rate to Results Revenue% Forecast Revenue% Amount % Revenue 3,784.5 - 3,380.0 - -404.5 -10.7 Operating Profit 56.1 1.5 50.0 1.5 -6.1 -10.9 Profit before income taxes 53.3 1.4 50.0 1.5 -3.3 -6.4 Profit for
Slide 11: Forecast of Fluctuations for Operating Profit
10/19 (Forecast) (Billion yen) FY2021 50.0 Operating Forecast of Fluctuations for Operating Profit Profit +90.0 Emergency Measures & Structural reforms -24.6 Fixed cost & others +35.0 Cost structure -6.1 Billion yen improvement -10.0 FX impact -160.0 Sales fluctuation FY2020 / FY2021 119.6 Operating
Slide 12: 3. Reference Information
3.Reference information 11/19
Slide 13: Capital Expenditure/Depreciation/R&D Expenditure
Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure AW-G of FY2020 （）: Rate to sales (Billion yen) amount includes AISIN AI Group by Others 389.9 integration. ADS-G AW-G AISIN SEIKI-G 32.9 290.6 260.3 242.1 245.0 144.9 39.8 226.4 (5.0%) (5.4%) (5.6%) 21
Slide 14: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota Global production production production (10,000 Unit) 4Q 3Q 892 906 893 2Q 220 226 208 1Q 591 578 567 137 136 232 234 224 129 326 151 155 146 314 315 228 223 222 83 90 79 78 147 149 144 81 79 76 73 84 217 224 233 143 151 148 123 74 73 85 50
Slide 15: Sales Number
Sales Number AT sales MT sales (10,000 Unit) (10,000 Unit) 1,000 983 999 200 904 164 258 247 840 151 800 222 150 40 33 246 111 600 258 236 97 100 48 36 24 400 246 30 234 220 34 39 50 29 200 233 260 226 42 43 28 0 137 0 15 FY2018 FY2019 FY2020 FY2021 FY2018 FY2019 FY2020 FY2021 （Forecast） （Forecast）
Slide 16: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 140 130 129 121 120 EUR 120 100 111 111 USD 109 106 80 20 16.8 16.5 15.6 14.9 CNY 10 3.4 3.4 3.5 3.4 THB 0 FY2018 FY2019 FY2020 FY2021 （Forecast） Impacts on Forex Impact on Operating Operating Profit profit per 1(or 0.1) yen (Billion yen) FY
Slide 17: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI-サブ連結 アイシン精機- アイシン精機 Group (Billion yen) 4.4% ◆ 3.8% ◆ 1.8% (Billion yen) 2,000 1,776.2 1,782.6 ◆ 1,685.7 1,500 150 -11.0% 1,000 ◆ 78.0 67.0 90 500 248.2 30.2 30 1Q 431.8 -27.3 0 9.2 ▲ 30 FY2018 FY2019 FY2020 FY2021 1Q AISIN AW Group
Slide 18: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group (Billion yen) 4.1% 4.2% 400 (Billion yen) ◆ 310.0 2.2% ◆ 295.7 320.7 30 300 ◆ 200 20 11.9 13.5 -16.3% ◆ 100 6.7 10 42.3 1Q 81.1 -6.9 0 2.3 0 FY2019 FY2020 FY2021 1Q -10 FY2018 ADVICS Group (Billion yen) 1.7% 2.0% 800 ◆ -0.6%
Slide 19: Quarterly Performance
Quarterly Performance Revenue (10,000 Unit) (Billion yen) 1,800 233 228 250 232 220 224 222 234 226 224 200 217 223 1,200 1,030.2 1,029.7 208 1,023.5 1,007.9 986.5 1,018.9 963.0 950.7 958.0 917.0 938.0 912.7 150 123 555.2 100 600 50 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2018 FY2019 F
Slide 20: Capital policy and Return to Shareholders
Capital policy and Return to Shareholders 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 as an important financial index to assess our capital structure, and believe