Aisin Corporation · TSE:7259
Aisin — FY2021 Q2 Earnings Presentation
25 slides from Aisin's earnings presentation, Oct 29, 2020
Slide 1: FY2021 2nd Quarter Consolidated Financial Results
FY2021 2nd Quarter Consolidated Financial Results October 29th, 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
Slide 2: Contents
Contents 1.Consolidated Financial Results P.2-9 (FY2021 2nd Quarter) 2.Consolidated Financial Forecast P.10-14 (FY2021 - 12 months) 3.Reference Information P.15-24 1/24
Slide 3: 1. Consolidated Financial Results (FY2021 2nd Quarter)
1.Consolidated Financial Results (FY2021 2nd Quarter) 2/24
Slide 4: FY2021 2nd Quarter Overview of Financial Results
FY2021 2nd Quarter Overview of Financial Results 1.With respect to the 2Q 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.With respect to the July-September 3 months result for FY2021, despite the Re
Slide 5: Consolidated Financial Results
Consolidated Financial Results (FY2021 2nd Quarter) FY2020 2Q FY2021 2Q Change Rate to Rate to (Billion yen) Results Revenue % Results Revenue % Amount % Revenue 1,913.7 - 1,455.9 - -457.8 -23.9 Operating Profit 53.4 2.8 -38.5 -2.6 -91.9 - Profit before income taxes 54.4 2.8 -31.3 -2.2 -85.7 - Profi
Slide 6: Sales by Customer (FY2021 2nd Quarter)
Sales by Customer (FY2021 2nd Quarter) FY2020 2nd Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 62.9 66.8 ⇒ 79.4 (+12.6) 654.5 (3.3%) 600 -142.1 Toyota 147.7 Other 1,913.7 Group 512.4 Auto Makers 654.5 1,196.2 46.5 (62.5%) 12.3 101.6 O
Slide 7: Segment Information (FY2021 2nd Quarter)
Segment Information (FY2021 2nd Quarter) Revenue (-457.8) Operating Profit (-91.9) (Billion yen) FY2020 2Q FY2021 2Q FY2020 2Q FY2021 2Q -265.6 (Billion yen) FX Other 1,200 FX Other Impact factors 1,111.1 Impact factors -265.6 Japan -1.7 -69.9 Japan - North 1,000 North +0.1 -9.8 America -3.6 -87.7 A
Slide 8: Fluctuations for Operating Profit (FY2021 2nd Quarter)
Fluctuations for Operating Profit (FY2021 2nd Quarter) FY2020 2Q / FY2021 2Q & Structural reforms Emergency Measures (Billion yen) 53.4 -38.5 Operating Profit improvement Cost structure FX impact & others Fixed cost -161.5 Operating Profit +48.0 -2.0 +13.4 +10.2 fluctuation Sales -91.9 Billion yen F
Slide 9: Segment Information (FY2021 Jul-Sep)
Segment Information (FY2021 Jul-Sep(3 months)) Revenue (-50.0) Operating Profit (+13.5) (Billion yen) (Billion yen) FY2020 Jul-Sep FY2021 Jul-Sep FY2020 Jul-Sep FY2021 Jul-Sep -41.5 Revenue 950.7→900.7 Operating Profit +9.0 27.9→41.4 600 555.1 25 24.6 513.6 400 15.6 +7.6 +1.8 10 -3.0 200 +10.8 +5.9
Slide 10: Fluctuations for Operating Profit (FY2021 Jul-Sep)
Fluctuations for Operating Profit (FY2021 Jul-Sep(3 months)) FY2020 Jul-Sep(3 months) / & Structural reforms Emergency Measures FY2021 Jul-Sep(3 months) (Billion yen) 41.4 fluctuation Sales Operating Profit & others Fixed cost 27.9 improvement Cost structure improvement Additional +24.0 Operating Pr
Slide 11: 2. Consolidated Financial Forecast (FY2021 - 12 months)
2.Consolidated Financial Forecast (FY2021 - 12 months) 10/24
Slide 12: Consolidated Financial Forecast (FY2021 - 12 months)
Consolidated Financial Forecast (FY2021 - 12 months) FY2020 FY2021 Change FY2021 (Billion yen) Rate to Rate to Rate to Forecast in Results Revenue Forecast Revenue Amount % July Revenue % % % Revenue 3,784.5 - 3,380.0 - -404.5 -10.7 3,380.0 - Operating Profit 56.1 1.5 50.0 1.5 -6.1 -10.9 50.0 1.5 Pr
Slide 13: Forecast of Sales by Customer
Forecast of Sales by Customer (FY2021 - 12 months) FY2020 Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) 119.8 Chinese OEMs Total 1,600 142.0 ⇒163.6(+21.6) (3.2%) Toyota 1,400 1,355.2 Other -156.2 Auto Makers 3,784.5 Group 287.1 1,199.0 1,355.2 2,309.4 1,200 (61.
Slide 14: Forecast of Segment Information
Forecast of Segment Information (FY2021 - 12 months) Revenue (-404.5) Operating Profit (- 6.1) FY2020 FY2021 (Billion yen) FY2020 FY2021 (Billion yen) FX Other 2,500 -246.2 FX Other Impact factors Impact factors 2,190.2 Japan - -246.2 Japan -5.4 -31.9 80 North North -14.2 -48.0 America ±0.0 +14.9 2,
Slide 15: Forecast of Fluctuations for Operating Profit
14/24 （Forecast) (Billion yen) FY2021 50.0 Operating Profit Forecast of Fluctuations for Operating Profit +92.0 Emergency Measures & Structural reforms -27.6 Fixed cost & others Additional +7.0 improvement -6.1 Billion yen +28.0 Cost structure improvement -6.3 FX impact -162.7 Sales FY2020 / FY2021
Slide 16: 3. Reference Information
3.Reference information 15/24
Slide 17: Capital Expenditure/Depreciation/R&D Expenditure
Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure (Billion yen) AW-G after FY2020 （）: Rate to sales amount includes AISIN AI Group by Others 389.9 integration. ADS-G AW-G AISIN SEIKI-G 32.9 290.6 260.3 39.8 242.1 245.0 144.9 210.0 226.4 (5.0%) (5.4%)
Slide 18: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota Global production production production (10,000 Unit) 4Q 3Q 892 906 893 2Q 821 1Q 220 226 208 591 578 567 525 137 136 129 234 224 475 232 326 151 155 146 304 314 315 296 223 222 228 83 90 79 78 147 149 144 223 81 79 171 84 148 76 73 75 217
Slide 19: Sales Number
Sales Number AT sales MT sales (10,000 Unit) (10,000 Unit) 983 999 200 1,000 904 164 247 850 151 800 258 222 150 40 33 111 600 258 246 496 88 236 100 48 36 24 400 234 246 39 30 55 220 50 34 200 217 29 233 260 226 42 43 28 18 0 137 0 15 FY2018 FY2019 FY2020 FY2021 FY2018 FY2019 FY2020 FY2021 （Forecas
Slide 20: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 140 130 129 121 121 EUR 120 100 111 111 USD 109 106 80 20 16.8 16.5 15.6 15.3 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 21: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group (Billion yen) 4.4% ◆ 3.8% 2.5% ◆ 1.8% ◆ (Billion yen) ◆ 2,000 1,776.2 1,782.6 1,685.7 1,500 1,450.0 150 2H 798.6 1,000 78.0 67.0 2H 90 500 30.2 1H 36.0 +42.1 1H 651.4 30 -6.1 0 FY2018 FY2019 FY2020 FY2021(Forecast) -30 AISIN AW
Slide 22: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group (Billion yen) 4.2% 4.1% ◆ ◆ (Billion yen) 400 ◆ ◆ 1.6% 295.7 320.7 310.0 2.2% 30 300 262.7 200 20 13.5 2H 147.6 2H 11.9 +6.9 100 6.7 4.3 1H 10 1H 115.1 -2.6 0 0 FY2018 FY2019 FY2020 FY2021(Forecast) -10 ADVICS Group (Billion
Slide 23: Quarterly Performance
Quarterly Performance Revenue (10,000 Unit) (Billion yen) 1,800 232 234 233 217 223 224 222 226 228 224 223 250 220 208 200 1,200 1,030.2 1,007.9 986.5 1,018.9 1,029.7 963.0 917.0 938.0 1,023.5 950.7 958.0 912.7 123 900.7 150 555.2 100 600 50 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY201
Slide 24: Half Yearly Performance
Half Yearly Performance Revenue (10,000 Unit) (Billion yen) 600 3,000 452 446 460 461 475 440 432 480 1,994.4 2,048.7 346 1,855.1 2,053.8 1,913.7 1,924.1 360 2,000 1,870.8 1,455.9 240 1,000 120 0 0 1H 2H 1H 2H 1H 2H 1H 2H (Forecast) FY2018 FY2019 FY2020 FY2021 Operating Profit (Billion yen) 200 7.1%
Slide 25: 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