Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — Q3 FY2015 Earnings Presentation
19 slides from Aisin's earnings presentation, Feb 3, 2015
Slide 1: Consolidated Financial Report FY2015 3rd Quarter
FY20155 33rdrd quarter FY2015 FY201 quarter Consolidated Financial Report (April (April 1, 1, 201 201144 through 20 201 through December December 31 311,, 201 331 201144)) 20 201 February February 3, 3, 2015 2015 20 2015 15 AISIN AISIN SEIKI SEIKI Co. Co. Ltd. Ltd. (http://www.aisin.com/)
Slide 2: FY2015 3rd Quarter Overview of Financial Results
FY2015 FY201 5 3rd 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 and foreign exchange gain. Sales as the third qu
Slide 3: Consolidated Operating Results (FY2015 3Q – 9 months)
FY2015 Consolidated Operating Results ( FY201 5 3Q – 9 months) Billion ｙen Net Net Sales Sales Operating Operating Income Income Net Net Income Income + 89.5 billion billion yen yen -14.2 （（ +4.3%） +4.3%）） +4.3% +4.3%） -15.2 129.7 115.5 72.3 57.1 FY2014 3Q FY2015 3Q FY2014 3Q FY2015 3Q 2,191.3 2,101
Slide 4: Sales by Customer (FY2015 3Q – 9 months)
Sales by Customer ( FY2015 3Q – 9 months) Billion ｙen FY2014 FY201 4 3Q 【 Sales 2,101.8】 2,101.8】 Other Manufacturers sales breakdown Life & others 716.5 79.8 600 666.6 196.9 Ａ/Ｍ & Others Toyota Group 193.8 MAZDA 20.2 ISUZU 500 Other 1,355.3 21.0 23.3 32.1 BMW Manufacturers Manufac turers 21.2 64.5%
Slide 5: Segment Information (FY2015 3Q – 9 months)
Segment Information ( FY2015 3Q – 9 months) Billion ｙen Billion 億円ｙen Net Net Sales Sales Operating Operating Income Income 1 ,0 00 80 FY2014 3Q FY2014 3Q 900 1,346.0 FY2015 3Q 1,333.5 70 FY2015 3Q 800 104.2 91.0 60 700 600 50 500 40 400 355.2 326.6 30 301.6 303.6 300 21.2 20 16.8 200 162.9 163.4 10
Slide 6: Fluctuations for Ordinary Income (FY2015 3Q – 9 months)
Fluctuations for Ordinary Income ( FY2015 3Q – 9 months) Billion ｙen 【FY2014 3Q / FY2015 3Q】 3Q】 Increase - 10.3 Decrease Decrease +35.3 149.1 → 138.8 - 45.6 Cost structure 20.0 improvement Forex rate 11.4 1US$ ： ￥100 →￥107 1EUR ： ¥133 →￥140 3.9 Non- Non-operating Sales fluctuation - 21.1 Change of
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 + 117.8 billion billion yen yen - 6.1 （（ +4.2%） - 8.0 +4.2%）） +4.2% +4.2%） 171.1 165.0 90.0 82.0 FY2014 FY2015 FY2014 FY2015 2,940.0 2,822.2 Ordinary Ordinary
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 963.0 800 109.0 894.7 259.2 Ａ/Ｍ & Others Toyota Group 700 258.0 27.7 MAZDA Other 31.5 ISUZU Manufacturers Manufac turers 1,818.4 28.9 43.0 BMW 600 29.2 4
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 FY2014 FY2014 8 00 100 FY2015 FY2015 137.4 1,792.8 123.2 1,777.5 80 6 00 478.6 463.3 60 408.8 401.3 4 00 40 219.1 220.3 25.6 25.2 2 00 20 12.7 6.1 2.8 3.7 0 0
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 - 1.4 Decrease Decrease +49.7 189.4→ 189.4→ 188.0 - 51.1 Cost structure 27.0 improvement Forex rate 1US$ ： ￥100 →￥109 18.0 1EUR ： ￥135 →￥140 4.7 Non- Non-operating Sales fl
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I Billion ｙen AISIN SEIKI Group 120 1 ,3 9 7 .0 1,500 1,353.6 1,195.7 3Q Sales 90 1,073.6 1,076.6 84.5 <1,035.6 > 1,000 75.4 Operating income 60 66.4 69.3 Ordinary income 53.7 56.4 52.4 59.2 51.4 58.4 42.6 500 Sales 30 34.8 3Q Income 0 0 FY2011 FY
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Billion ｙen 247.4 260.0 Group 20 210.5 215.4 194.4 3Q Sales < 194.2 > 200 Operating income 14.1 14.8 Ordinary income 10 11.2 12.3 10.5 12.5 Sales 8.7 8.9 9.5 9.3 9.3 100 7.3 0 0 3Q 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> 523.8 30 447.2 383.2 384.3 3Q Sales 400 < 390.4 > Operating income 20 Ordinary income 15.3 Sales 10 12.8 14.1 14.0 12.6 200 10.6 4.8 5.1 6.4 3.7 3.4 4.4 0 0 3Q 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 Eu rope / Asia 250.0 ＡＨＡ－Ｇ 250 195.0 204.7 Othe r Dome stic 200 AISIN Takaoka- G 150.7 150 133.2 AISIN AW- G 32.7 25.3 20.6 AISIN SEIKI 100 10.6 23.9 66.6 74.8 81.7 50 66.9 52.9 21.1 26.8 29.3 2
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 ％ 5.1 ％ 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 56.0 100 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: Production
Production 10,000 of units ＡＴ ＡＴ Production Production ＭＴ ＭＴ Production Production 750 658 690 545 214 626 164 161 150 565 516 147 150 500 331 350 2nd H 107 2nd H 308 74 80 84 79 323 100 250 1st H 318 327 340 50 84 77 242 1st H 73 71 0 (Forecast) 0 (Forecast) FY2012 FY2013 FY2014 FY2015 FY2012 FY201
Slide 17: TOYOTA Motors Production
TOYOTA Motors Production 10,000 of units TOYOTA TOYOTA Motors Motors Production Production 901 898 859 764 800 330 329 313 Domestic production 309 400 529 572 585 Overseas production 455 0 (Forecast) FY2012 FY2013 FY2014 FY2015 － 17 －
Slide 18: Foreign Currency Exchange Rate and Impacts on Operating Income
Foreign Currency Exchange Rate 150 135Yen 140Yen 125 109Yen 107Yen 109Yen EUR 100Yen 100 79Yen 83Yen USD 75 CNY 25 18.0Yen THB 20 16.5Yen 15 12.3Yen 13.1Yen 10 2.6Yen 2.6Yen 3.2Yen 3.4Yen Exchange 5 Rate after 0 January 1USD 115 yen Impacts Impacts on on Operating Operating Income Income 1EUR 140 ye
Slide 19: Quarterly Performance
Quarterly Performance TOYOTA Motors Production (10,000 of units） units） Billion ｙen Net Sales 230 224 220 220 224 224 226 227 223 231 224 1, 000 207 209 220 195 800 7 56 .4 74 8 .6 6 7 0. 1 65 5 .5 6 9 9. 5 6 8 7. 4 7 14 .8 7 2 0. 3 7 07 .0 72 7 .8 118 6 3 6. 3 6 3 9. 9 61 7 .3 59 8 .0 600 5 59 .5 4