Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — FY2018 Earnings Presentation
25 slides from Aisin's earnings presentation, Apr 27, 2018
Slide 1: FY2018 Consolidated Financial Results
FY2018 Consolidated Financial Results April 27th, 2018 AISIN SEIKI Co., Ltd.
Slide 2: Contents
Contents 1.Consolidated Operating Results (FY2018) P.2-8 2.Consolidated Operating Forecast (FY2019) P.9-13 3.Reference information P.14-24 1
Slide 3: 1. Consolidated Operating Results (FY2018)
1.Consolidated Operating Results (FY2018) 2
Slide 4: FY2018 Overview of Financial Results
FY2018 Overview of Financial Results １．Revenue for FY2018 reached 3,908.9 billion yen, which is the highest ever before, due to favorable AT and Body parts sales, and the contribution of newly consolidated Art Metal Mfg. Co., Ltd. group. 2. Operating profit reached 253.8 billion yen, which is also t
Slide 5: Consolidated Operating Results (FY2018)
Consolidated Operating Results (FY2018) FY2017 FY2018 Change FY2018 (billion yen) Rate to Rate to Forecast Rate to Results Results Amount % sales % sales % sales % in Feb Revenue 3,562.6 - 3,908.9 - +346.3 +9.7 3,860.0 - Operating Profit 228.6 6.4 253.8 6.5 +25.2 +11.0 248.0 6.4 Profit before income
Slide 6: Sales by Customer (FY2018)
Sales by Customer (FY2018) FY2017 Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 121.3 148.1⇒230.1(+82.0) 1,600 (3.4%) 1,519.3 +219.3 Other 1,400 Auto Makers 3,562.6 Toyota 1,300.0 376.5 Others +41.1 1,300.0 Group 1,200 (36.5%) 2,141.2 335.4 Ch
Slide 7: Segment Information (FY2018)
Segment Information(FY2018) Revenue (+ 346.3) Operating Profit (+ 25.2) (Billion yen) +227.6 FY2017 FY2018 (Billion yen)+31.0 FY2017 FY2018 2,400 2,300.7 FX Other FX Other 169.8 Impact factors 2,200 Impact factors 2,073.1 160 Japan +8.8 +22.2 Japan - +227.6 2,000 North America +12.7 -7.7 North Ameri
Slide 8: Fluctuations for Operating Profit (FY2018)
Fluctuations for Operating Profit(FY2018) FY2017 / FY2018 (Billion yen) * Gain from stock swap +33.0 -30.7 with SHIROKI Corporation -19.5 Gain resulting from negative goodwill -16.3 -1.0 +13.3 253.8 material price Change of improvement Cost structure with Art Metal MFG +1.2 Depreciation Fixed cost &
Slide 9: Fluctuations for Operating Profit (FY2018 Forecast vs Result)
Fluctuations for Operating Profit(FY2018) FY2018(Feb 2nd Forecast) / FY2018(Result) (Billion yen) +6.6 -6.8 -0.2 +0.7 Depreciation +5.5 253.8 Fixed cost & others 253.1 material price Change of FX impact Operating Profit (Except Operating Profit non-ordinary factors) 248.0 Sales fluctuation (Forecast
Slide 10: 2. Consolidated Operating Forecast (FY2019)
2.Consolidated Operating Forecast (FY2019) 9
Slide 11: Consolidated Operating Forecast (FY2019)
Consolidated Operating Forecast (FY2019) FY2018 FY2019 change (Billion yen) Rate to Rate to Results Revenue % Forecast Revenue % Amount % Revenue 3,908.9 - 3,980.0 - +71.1 +1.8 Operating Profit 253.8 6.5 255.0 6.4 +1.2 +0.5 Profit before income taxes 268.1 6.9 270.0 6.8 +1.9 +0.7 Profit for the peri
Slide 12: Forecast of Sales by Customer (FY2019)
Forecast of Sales by Customer(FY2019) FY2018 Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 122.5 230.1⇒282.1(+52.0) 1,800 (3.1%) +132.7 1,652.0 Other 1,600 1,519.3 Auto Makers Toyota 1,519.3 3,908.9 Group 1,400 413.1 Others +36.6 (38.9%) 2,267
Slide 13: Forecast of Segment Information (FY2019)
Forecast of Segment Information(FY2019) Revenue (+71.1) Operating Profit (+ 1.2) (Billion yen) (Billion yen) -10.0 2,600 +48.3 FY2018 FY2019 FY2018 FY2019 169.8 FX Other 2,400 2,349.0 FX Other Impact factors 2,300.7 Impact factors 159.8 160 Japan -7.5 -2.5 2,200 Japan - +48.3 North America -0.5 +7.6
Slide 14: Forecast of Fluctuations for Operating Profit (FY2019)
Forecast of Fluctuations for Operating Profit(FY2019) FY2018 / FY2019 (Billion yen) -8.0 +36.0 -21.6 material price Change of Depreciation +33.0 -29.8 improvement Cost structure -8.4 Fixed cost & others 253.8 263.4 255.0 Sales fluctuation FX impact non-ordinary factors) (Except FY2018 Operating Prof
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) （）: Rate to sales 390.0 Others 36.0 ADS-G AW-G AISIN SEIKI-G 294.1 260.3 237.4 155.0 23.7 235.0 (5.0%) 213.4 (4.7%) 200.0 19.0 186.1 197.1 (5.0%) (4.7%) 182.9 39.7 23.5 162.6 167.7 22.2 1
Slide 17: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota global production production production (10,000 Unit) 4Q 887 909 892 887 3Q 2Q 215 225 220 222 1Q 573 596 578 580 220 227 232 225 135 144 137 134 314 313 314 307 140 151 151 150 232 231 223 225 80 81 83 88 152 148 147 151 80 76 81 75 80 83
Slide 18: Sales Number
Sales Number Yearly AT sales MT sales (10,000 Unit) (10,000 Unit) 1,050 1,000 983 200 869 160 165 164 159 800 737 258 234 150 39 40 39 600 191 258 224 100 43 45 48 400 194 207 234 41 39 34 200 172 50 180 204 233 37 42 42 0 0 FY2016 FY2017 FY2018 FY2019 FY2016 FY2017 FY2018 FY2019 (Forecast) (Forecas
Slide 19: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 145 132 130 130 119 120 95 120 EUR 109 111 105 USD 70 25.0 18.8 CNY 20.0 16.1 16.8 16.6 THB 15.0 10.0 3.4 3.1 3.4 3.4 5.0 0.0 FY2016 FY2017 FY2018 FY2019 (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 of the Main Consolidated Companies Ⅰ AISIN SEIKI Group 4.7% 4.9% 4.4% 4.2% (Billion yen) (Billion yen) ◆ ◆ ◆ 150 ◆ 2,000 1,641.9 1,776.2 1,680.0 120 1,503.0 1,500 80.5 78.0 90 70.8 70.0 1,000 60 500 30 0 0 FY2016 FY2017 FY2018 FY2019(Forecast) AISIN AW Group 8.6% 8.8% 8.5% (Billion
Slide 21: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group 4.5% 4.3% (Billion yen) (Billion yen) ◆ 4.1% 3.2% ◆ 30 400 ◆ ◆ 295.7 300.9 300 275.9 273.0 20 200 12.3 11.9 13.0 8.8 10 100 0 0 FY2016 FY2017 FY2018 FY2019(Forecast) AISIN AI Group (Billion yen) 5.3% (Billion yen) ◆ 12 200 15
Slide 22: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ ADVICS Group (Billion yen) 2.7% ◆ (Billion yen) 1.7% 1.1% 1.7% 800 ◆ ◆ 25 ◆ 555.4 586.5 551.2 20 600 551.6 14.8 15 400 9.2 10.1 10 6.1 200 5 0 0 FY2016 FY2017 FY2018 FY2019(Forecast) 21
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) 1,800 231 223 222 232 226 231 227 225 232 250 223 220 220 215 217 223 220 200 1,200 1,030.2 907.5 957.5 917.0 938.0 1,023.5 792.2 843.5 838.9 838.6 858.8 150 707.0 7
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) 3,000 454 445 451 436 457 452 440 452 480 2,400 1,865.0 1,855.1 2,053.8 360 1,682.5 1,697.5 1,800 1,434.8 1,529.7 1,563.4 240 1,200 600 120 0 0 1st H 2nd H 1st H 2
Slide 25: Dividend per Share
Dividend per Share * The results before FY2015 are based on JGAAP and the others are based on IFRS. FY2019 FY2014 FY2015 FY2016 FY2017 FY2018 (Forecast) Interim 35 45 50 50 60 60 Dividend (yen) Year-end 60 50 50 75 90 90 Total 95 95 100 125 150 150 Dividend Payout Ratio 29.7% 34.7% 28.2% 28.1% 30.6%