Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — FY2015 Q2 Earnings Presentation
19 slides from Aisin's earnings presentation, Oct 31, 2014
Slide 1: Consolidated Financial Report FY2015 2nd Quarter
FY20155 22nd FY2015 FY201 nd quarter quarter Consolidated Financial Report (April (April 1, 1, 201 201144 through 20 201 through September September 30 300,, 201 330 201144)) 20 201 October October 31, 31, 201 201144 20 201 AISIN AISIN SEIKI SEIKI Co. Co. Ltd. Ltd. (http://www.aisin.com/) － 1 －
Slide 2: FY2015 2nd Quarter Overview of Financial Results
FY2015 FY201 5 2nd quarter Over Overview view of Financial Results ① Domestic sales increased comparing to last year due to growth of automatic transmission exports. Overseas sales increased due to production volume increase in North America and China. ② Operating income, Ordinary income and Net inc
Slide 3: Consolidated Operating Results (FY2015 2Q – 6 months)
FY2015 Consolidated Operating Results ( FY201 5 2Q – 6 months) Billion ｙen Net Net Sales Sales Operating Operating Income Income Net Net Income Income ++47.8 47.8 billion billion yen yen -15.7 （（++3.4% 3.4%%）） 3.4 3.4% -12.5 86.2 70.5 49.1 36. 6 FY2014 2Q FY2015 2Q FY2014 2Q FY2015 2Q 1,387.0 1,434.
Slide 4: Sales by Customer (FY2015 2Q – 6 months)
Sales by Customer ( FY2015 2Q – 6 months) Billion ｙen FY2014 FY201 4 2Q 【 Sales 1,387.0】 1,387.0】 Other Manufacturers sales breakdown Life & others 51.6 463.1 Toyota 400 440.9 Ａ/Ｍ & Others Group 129.0 894.4 130.6 MAZDA Other 14.0 ISUZU Manufacturers Manufac turers 13.3 14.4 64.5% 4.5% 300 13.7 19.4
Slide 5: Segment Information (FY2015 2Q – 6 months)
Segment Information ( FY2015 2Q – 6 months) Billion ｙen Billion 億円ｙen Net Net Sales Sales Operating Operating Income Income 60 893.3 FY2014 2Q FY2014 2Q 5 00 880.5 FY2015 2Q FY2015 2Q 50 71.1 4 00 56. 56.0 40 3 00 30 228.1 205.8 201.5 193.8 2 00 20 111.0 107.4 12.3 9.7 1 00 10 2.1 3.1 1.6 2.1 0 0 Ja
Slide 6: Fluctuations for Ordinary Income (FY2015 2Q – 6 months)
Fluctuations for Ordinary Income ( FY2015 2Q – 6 months) Billion ｙen 【FY2014 2Q / FY2015 2Q】 2Q】 Increase -14.6 14.6 Decrease Decrease +19.4 95.9 → 81.3 -34.0 Cost structure 14. 14.0 improvement Forex rate 4 .3 1US$ ： ￥ 98 →￥103 103 1EUR ： ￥130 →￥139 1 .1 Non- Non-operating Sales fluctuation -12. 12
Slide 7: Consolidated Operating Forecast (FY2015 – 12 months)
Consolidated Operating Forecast ( FY2015 – 12 months) Billion ｙen Net Net Sales Sales Operating Operating Income Income Net Net Income Income +77.8 +77.8 billion billion yen yen -6.1 - 4 .0 （（ ++2.8% 2.8% 2. 8% ）） 2.8% 171.1 165.0 90.0 86.0 6.0 FY2014 FY2015 FY2014 FY2015 2,900.0 2,822.2 Ordinary Or
Slide 8: Forecast of Sales by Customer (FY2015 – 12 months)
Forecast of Sales by Customer ( FY2015 – 12 months) Billion ｙen FY2014 【Sales 2,822.2】 2,822.2】 Other Manufacturers sales breakdown Life & others 954.0 800 109.0 Toyota 894.7 258.3 Ａ/Ｍ & Others Group 700 258.0 MAZDA Other 27.1 1,818.4 29.7 ISUZU Manufacturers Manufac turers 28.9 43.9 BMW 600 29.2 89
Slide 9: Forecast of Segment Information (FY2015 – 12 months)
FY2015 Forecast of Segment Information ( FY201 5 – 12 months) Billion ｙen Billion 億円ｙen Net Net Sales Sales Operating Operating Income Income 8 00 FY2014 100 FY2014 1,792. 1,792.8 FY2015 137.4 FY2015 1,745. 1,745.3 118.7 80 6 00 454.9 478.5 408.8 60 401.3 4 00 40 221.2 219.1 26.8 25.6 2 00 20 15.7 6
Slide 10: Forecast of Fluctuations for Ordinary Income (FY2015 – 12 months)
FY2015 Forecast of Fluctuations for Ordinary Income ( FY201 5 – 12 months) Billion ｙen 【FY2014 FY2014 / FY2015 FY2015】 Increase -6.4 Decrease Decrease +38. +38.9 189. 189.4→ 183. 183.0 -45. 45.3 Cost structure 30. 30.0 improvement Forex rate 8 .9 1US$ ： ￥100 →￥104 104 1EUR ： ￥135 →￥139 Sales fluctua
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I AISIN SEIKI Group Billion ｙen 120 1 , 3 5 3 . 6 1 ,3 9 1 .2 1,500 1 , 1 9 5 .7 2Q Sales 90 1 , 0 7 3 . 6 1 ,0 7 6 .6 < 679.7 > 1,000 84.5 80.7 Operating income 60 66.4 69.3 Ordinary income 53.7 56.4 52.4 59.2 54.4 42.6 500 Sales 30 2Q Income 22.
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Billion ｙen 247.4 258.7 Group 20 210.5 215.4 194.4 2Q Sales < 126.4 > 200 Operating income 14.1 14.8 10 12.3 11.2 10.5 11.5 Ordinary income Sales 8.7 8.9 9.5 9.3 100 4.2 4.8 0 0 2Q Income FY2011 FY2012 FY2013 FY2014 FY2015 (Forecas
Slide 13: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ <3,076> Billion 億円ｙen ADVICS Group 511.5 <2,772> 522.8 30 447.2 383.2 384.3 2Q Sales < 257.1 > 400 Operating income 20 Ordinary income 15.3 Sales 10 12.8 14.1 14.0 11.3 11.6 200 3.7 3.4 4.8 5.1 0 0 0.2 1.4 2Q Income FY2011 FY2012 FY2013 FY2014 F
Slide 14: Capital Expenditure / Depreciation
Capital Expenditure Depreciation Billion ｙen 180 144.8 149.0 160.0 137.7 139.2 130 80 Capital Expenditure Europe /Asia 250 250.0 AHA- G 250 195.0 204. 04.7 Oth e r Dome stic 200 AISIN Takaoka-G 150.7 150 133.2 AISIN AW-G 20.3 32.7 25.3 AISIN SEIKI 100 10.6 23.9 84.2 66.9 52.9 66.6 74.8 50 21.1 26.8
Slide 15: R&D Expenditure
R & D Expenditure R & D Expenditure / Net Sales ％ 8.0 7.0 6.0 4.9 ％ 5.3 ％ 5.3 ％ 5.1 ％ 5.2 ％ 5.0 4.0 R & D Expenditure Billion ｙen 144.3 150.0 150 135.0 121.4 Others 125 111.4 5 2 .4 55.0 100 5 2 .9 AISIN AW-G 4 9 .0 75 46.3 1 9 .5 18.7 1 5 .7 1 9 .3 ADVICS 50 14.5 25 4 8 .2 5 3 .5 6 0 .6 63.4 43.0 A
Slide 16: AT, MT and Navigation Production
Production 10,000 of units ＡＴ ＡＴ Production Production ＭＴ ＭＴ Production Production 750 658 690 545 164 214 626 147 161 143 565 150 500 331 350 2nd H 80 84 2nd H 323 308 100 74 72 250 50 1st H 242 318 327 340 st 1st H 73 84 77 71 0 (Forecast) 0 (Forecast) FY2012 FY2013 FY2014 FY2015 FY2012 FY2013 FY2
Slide 17: TOYOTA Motors Production
TOYOTA Motors Production 10,000 of units TOYOTA TOYOTA Motors Motors Production Production 901 901 909 859 764 800 329 318 330 Domestic production 309 400 529 572 591 Overseas production 455 0 (Forecast) FY2012 FY2013 FY2014 FY2015 － 17 －
Slide 18: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate 150 135Yen 139Yen 125 109Yen 107Yen 104Yen EUR 100Yen 100 79Yen 83Yen USD 75 CNY 20 16.5Yen 17.3Yen THB 15 12.3Yen 13.1Yen 10 5 2.6Yen 2.6Yen 3.2Yen 3.3Yen Exchange 0 Rate after October Impacts Impacts on on Operating Operating Income Income 1USD 105 yen Forex Impact o
Slide 19: Quarterly Performance
Quarterly Performance TOYOTA Motors Production (10,000 of units） units） Billion ｙen Net Sales 230 224 220 220 224 224 226 227 223 231 1, 000 207 209 195 800 7 14 .8 72 0.3 7 07 .0 72 7 .8 6 70 .1 65 5.5 6 99 .5 68 7.4 118 6 36 .3 6 3 9.9 6 1 7.3 59 8 .0 600 55 9 .5 4 57 .0 400 200 8.5% ％：Operating ％