Japan Aviation Electronics Industry, Limited · TSE:6807

Japan Aviation Electronics Industry — FY2020 Earnings Presentation

17 slides from Japan Aviation Electronics Industry's earnings presentation, Apr 27, 2021

1. Slide 1: Financial Results for FY2020

   Technology to Inspire Innovation Financial Results for FY2020 April 27, 2021 6807 Japan Aviation Electronics Industry, Ltd. Copyright ©2021, Japan Aviation Electronics Industry, Ltd. 1

2. Slide 2: Agenda

   Agenda Technology to Inspire Innovation I. Financial Results for FY2020 II. Prospects for FY2021 Copyright ©2021. Japan Aviation Electronics Industry. Ltd 2

3. Slide 3: I. Financial Results for FY2020

   Technology to Inspire Innovation Ⅰ. Financial Results for FY2020 (From April 1, 2020 to March 31, 2021) Copyright ©2021. Japan Aviation Electronics Industry. Ltd 3

4. Slide 4: Net Sales and Profits

   Net Sales and Profits Technology to Inspire Innovation (JPY in 100millions) FY2019 FY2020 Year/Year Change Projections (announced 1H 2H 1H 2H 2H Jan, 2021) Net Sales 1,008 1,073 2,081 972 1,125 2,097 105% 101% 2,070 Operating 71 69 140 9 78 87 113% 62% Profit 70 to Net Sales 7.1% 6.4% 6.7% 0.9% 6.9%

5. Slide 5: Net Sales, Income and FCF

   Net Sales, Income and FCF Technology to Inspire Innovation ▶ FCF was negative due to sharp decline in profits in the 1Q and non achievement of inventory reductions ▶ FCF increased from 2Q onward due to recovery in business performance and solid financial base (JPY in 100millions) Net Sales 556 563 5

6. Slide 6: Net Sales and Profits By Business Segment

   Net Sales and Profits By Business Segment Technology to Inspire Innovation FY2019 FY2020 Year/Year Change （JPY in 100millions） 1H 2H 1H 2H 2H Sales 891 945 1,836 856 1,001 1,857 106% 101% Connector Segment Profit 84.7 88.6 173.3 26.2 95.5 121.6 108% 70% to Net Sales 9.5% 9.4% 9.4% 3.1% 9.5% 6.5% Sal

7. Slide 7: Connector Business [Net Sales and Profit]

   Connector Business［Net Sales and Profit］ Technology to Inspire Innovation ▶ Mobile Device: Demand remained high for smartphones ▶ Automotive: Increased sales due to continued strong demand and expansion of production capacity ▶ Industrial & Infrastructure: Performance was solid due to recovering dem

8. Slide 8: UIS Business [Net Sales and Profit]

   UIS Business［Net Sales and Profit］ Technology to Inspire Innovation ▶ Automotive: Demand for film type touch sensors began to recover in the second half of the fiscal year. ▶ Industrial and Infrastructure: Demand remained sluggish as a whole, however recovered in certain areas. Sales by Market Segme

9. Slide 9: Aerospace Business [Net Sales and Profit]

   Aerospace Business［Net Sales and Profit］ Technology to Inspire Innovation ▶ Industrial and Infrastructure: Linear motors for semiconductor manufacturing equipment showed a recovery trend. Sensors for oil drilling remained sluggish. Sales by Market Segment・Segment Profit (JPY in 100 millions) Sales 7

10. Slide 10: II. Prospects for FY2021

    Technology to Inspire Innovation Ⅱ. Prospects for FY2021 Copyright ©2021. Japan Aviation Electronics Industry. Ltd 10

11. Slide 11: Assumptions for the earnings forecasts

    Assumptions for the earnings forecasts Technology to Inspire Innovation ▶ Business Environment  The global economy to recover by economic measures in each country and the start of vaccination  No further significant decline in demand or lock-downs due to COVID-19 assumed ▶ Market Prospect  Smartp

12. Slide 12: Prospects for FY2021

    Prospects for FY2021 Technology to Inspire Innovation (JPY in 100millons) FY2020 FY2021 Year/Year 1H Change 1H 2H Projections Projections Net Sales 972 1,125 2,097 1,130 2,230 133 106% Operating 9 78 87 80 155 68 178% Profit to Net Sales 0.9% 6.9% 4.2% 7.1% 7.0% Ordinary 8 71 79 75 145 66 184% Profi

13. Slide 13: Projections for Net Sales by Business Segment

    Projections for Net Sales by Business Segment Technology to Inspire Innovation (JPY in 100millons) FY2020 FY2021 1H FY2021/ 1H 2H Projections Projections FY2020 Connector 856 1,001 1,857 1,015 1,975 118 106% UIS 45 55 101 55 110 9 109% Aerospace 67 66 133 55 135 2 102% Others 3 3 6 5 10 4 156% Total

14. Slide 14: Projections for Net Sales by Market Segment

    Projections for Net Sales by Market Segment Technology to Inspire Innovation (JPY in 100millons) FY2020 FY2021 1H FY2021/ 1H 2H Projections Projections FY2020 Mobile Devices 494 503 997 505 990 -7 99% Automotive 289 429 718 425 820 102 114% Industrial & Infrastructure 133 138 271 150 310 39 114% Oth

15. Slide 15: Technology to Inspire Innovation

    Technology to Inspire Innovation

16. Slide 16: Cautionary Statement

    Technology to Inspire Innovation <Cautionary Statement> The plans, strategies & results forecasts and targets for our company and our consolidated affiliates (hereinafter JAE) noted in these materials are forecasts and targets as of April 27, 2021, and include risks and uncertainties. The targets no

17. Slide 17: [Reference] Sales by Market Segment

    ［Reference］Sales by Market Segment Technology to Inspire Innovation (JPY in 100millions) FY2019 FY2020 Year/Year Change Projections announced 1H 2H 1H 2H 2H Jan, 2021 Mobile 477 525 1,001 494 504 998 96% 100% 985 Devices Automotive 343 361 704 289 429 718 119% 102% 710 Industrial & 137 129 267 133 1

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