Aisin Corporation · TSE:7259

Aisin — Q1 FYE2023 Earnings Presentation

25 slides from Aisin's earnings presentation, Jul 29, 2022

  1. Slide 1: Fiscal Year Ended March 31, 2023 1st Quarter Financial Results

    For the Fiscal year Ended March 31, 2023 1st Quarter (April 1, 2022 to June 30, 2022) Financial Results July 29th, 2022 AISIN CORPORATION For the Fiscal year Ended March 31, 2023 1st Quarter Financial Results/ 2022.7.29 / © AISIN CORPORATION All Rights Reserved.

  2. Slide 2: FYE2023 1st Quarter Results Financial Summary

    FYE2023 1st Quarter Results Financial Summary Revenue increased YoY due to FX impact, regardless of unfavorable OEM FYE2023 production volume caused by the lockdown in Shanghai. 1Q Operating profit decreased YoY due to higher raw material prices and logistics Result costs, regardless of structural r

  3. Slide 3: Consolidated Financial Result (FYE2023 1st Quarter)

    Consolidated Financial Result (FYE2023 1st Quarter) For the Fiscal year Ended March 31, 2023 1st Quarter Financial Results/ 2022.7.29 / © AISIN CORPORATION All Rights Reserved. 1

  4. Slide 4: FYE2023 1st Quarter Results: Financial Summary

    FYE2023 1st Quarter Results: Financial Summary （ ）shows rate to Revenue % 【Billion JPY】 FYE2022 1st Quarter FYE2023 1st Quarter Change rate Change Results Results % Revenue 977.5 - 997.8 - +20.3 +2.1 Operating Profit 59.8 (6.1) 6.6 (0.7) -53.2 -89.0 Profit before income taxes 69.8 (7.1) 31.4 (3.2) -

  5. Slide 5: FYE2023 1st Quarter Revenue by Customer

    FYE2023 1st Quarter Revenue by Customer Mobility 【 Billion JPY 】 Energy Solutions and others Revenue by Customer（Other OEMs） Customer FYE2022 1Q FYE2023 1Q Change Change rate Results Results (%) 977.5 997.8 Stellantis 56.6 64.5 +7.9 +13.9 29.6 27.9 VW & Audi 65.7 46.9 -18.8 -28.5 (3.0%) (2.8%) SUZUK

  6. Slide 6: FYE2023 1st Quarter Segment Information

    FYE2023 1st Quarter Segment Information FYE2022 1st Quarter Results FYE2023 1st Quarter Results 【Billion JPY】 Revenue（YoY＋20.3） Operating Profit （YoY-53.2） -55.4 -47.7 551.3 37.0 +30.0 495.9 187.2 +22.2 +27.3 -6.2 +1.3 157.2 -3.7 122.1 -0.7 10.8 10.411.7 99.9 107.5 -7.6 88.6 84.9 80.2 4.6 2.1 1.6 0.

  7. Slide 7: FYE2023 1st Quarter Analysis of Operating Profit

    FYE2023 1st Quarter Analysis of Operating Profit 【Billion JPY】 59.8 - 33.0 - 28.0 + 11.0 + 3.0 - 9.7 + 11.5 - 8.0 6.6 FYE2022 1Q Sales & Product Materials/ FX Impact Cost structure Structural Fixed Expenditure FYE2023 1Q Result mix etc. Logistics cost Improvement reforms expense etc. for Key areas R

  8. Slide 8: (Ref) FYE2023 Forecast Financial Summary

    (Ref) FYE2023 Forecast Financial Summary (Disclosed on April 28 th ) （ ）shows rate to Revenue % 【Billion JPY】 FYE2022 FYE2023 Change rate (Ref.)FYE2018 Change Results Forecasts ％ Result Revenue 3,917.4 - 4,450.0 - +532.6 +13.6 3,908.9 - Operating Profit 182.0 (4.6) 190.0 (4.3) +8.0 +4.4 253.8 (6.5)

  9. Slide 9: (Ref) FYE2023 Analysis of Operating Profit

    (Ref) FYE2023 Analysis of Operating Profit (Disclosed on April 28 th ) 【 Billion JPY 】 +15.0 -19.0 +44.0 -65.0 +50.0 -25.0 182.0 190.0 +8.0 FYE2022 Sales & Product Materials/ FX Impact Cost structure Structural Fixed Expenditure FYE2023 mix etc. Freight cost Improvement Result reforms expense etc. f

  10. Slide 10: Topics

    Topics For the Fiscal year Ended March 31, 2023 1st Quarter Financial Results/ 2022.7.29 / © AISIN CORPORATION All Rights Reserved. 2

  11. Slide 11: Adoption of Electric Units

    Adoption of Electric Units 【Main new products】 ●FF 1-motor Hybrid Transmission（NEW） ・Realization of direct response during driving and a high-quality driving feel ｰHigh starting responsiveness through the use and control of a newly developed high heat-resistant starting clutch - High torque assist e

  12. Slide 12: Adoption of brake related products ①

    Adoption of brake related products① Guangzhou TOYOTA‘s bZ4X to Use our Automobile's new Newly Developed Regenerative SUV "GS8 Hybrid" to Cooperative Braking System adopt our brake- TOYOTA 「bZ4X」 related products for Guangzhou Automobile （May. 2022~） the first time 「GS8 Hybrid」 （Dec.2021~） Regenerati

  13. Slide 13: Adoption of brake related products ②

    Adoption of brake related products ② More detail available on our web site “AI Think” KINTO FACTORY “NAMERAKA (Smooth) Brake” to use brake control technology ・Vehicle motion control by optimally controlling brakes, etc. through advanced software design ・Analyzes the impact on the driver and passenge

  14. Slide 14: Reference information

    Reference information For the Fiscal year Ended March 31, 2023 1st Quarter Financial Results/ 2022.7.29 / © AISIN CORPORATION All Rights Reserved. 3

  15. Slide 15: Mobility Revenue Details

    Revenue Details（FYE2023 1Q Result・FYE2023 Forecast） （ ）shows composition ratio 【Billion JPY】 FYE2022 1Q FYE2023 1Q Change % Results Result Powertrain 548.5 (56.1) 575.4 (57.7) +26.9 +4.9 Chassis & Vehicle 184.7 (18.9) 200.9 (20.1) +16.2 +8.8 Mobility Safety systems Body 189.8 (19.4) 175.3 (17.6) -14

  16. Slide 16: CAPEX / Depreciation / R&D

    CAPEX / Depreciation / R&D 【Billion JPY】 FYE2022 1Q FYE2023 1Q FYE2022 FYE2023 By Business Resullt Resullt Result Forecast (Disclosed on Apr 28th) Powertrain 16.6 18.6 96.7 125.0 Chassis & Vehicle 13.3 7.3 46.6 49.0 Safety systems Body 6.6 6.6 31.9 35.5 CSS* & Others 11.5 4.9 43.5 50.5 Total 48.0 37

  17. Slide 17: FYE2023 1Q Segment by Region

    FYE2023 1Q Segment by Region 【Billion JPY】 FYE2022 1Q FYE2023 1Q Region Change Results Results FX Others Japan 551.3 495.9 -55.4 - -55.4 North America 157.2 187.2 +30.0 +29.0 +1.0 Revenue Europe 88.6 84.9 -3.7 +3.5 -7.2 China 99.9 122.1 +22.2 +16.5 +5.7 Asia & Others 80.2 107.5 +27.3 +11.0 +16.3 Tot

  18. Slide 18: FYE2023 Segment by Region

    FYE2023 Segment by Region (Disclosed on Apr 28 th) 【Billion JPY】 FYE2022 FYE2023 Region Change Results Forecasts FX Others Japan 2,172.1 2,320.0 +147.9 - +147.9 North America 585.7 700.0 +114.3 +17.3 +97.0 Revenue Europe 332.3 400.0 +67.7 -0.2 +67.9 China 456.9 630.0 +173.1 +21.2 +151.9 Asia & Other

  19. Slide 19: Highlights of Financial Performance

    Highlights of Financial Performance R&D expenditure Revenue／Operating Profit／Operating profit ratio ／Ratio of R&D expenditure to revenue Revenue Operating Profit Operating profit ratio R&D expenditure Ratio of R&D expenditure to revenue 【%】 【 Billion JPY 】 【%】 【 Billion JPY 】 4,450.0 202.1 205.8 210

  20. Slide 20: Toyota production/Powertrain Unit Sales

    Toyota production/Powertrain Unit Sales 【10,000 Unit】 Toyota production Volume Powertrain Unit Sales Volume （）Total sales of HEV, eAxle (after FYE2021） Domestic Overseas 999 953 916 904 888 (93) 906 893 (70) 816 591 567 643 526 315 326 290 273 FYE2019 Result FYE2020 Result FYE2021 Result FYE2022 Res

  21. Slide 21: Half Yearly Performance

    Half Yearly Performance 【10,000 Unit】 Revenue Revenue Powertrain Unit Sales （）Total sales of HEV, eAxle (after FYE2021） 【Billion JPY】 531 506 493 （42） 469 484 446 458 （41） （52） 2,000.0 357 （28） 1,000.0 1,994.4 2,048.7 1,913.7 1,870.8 2,069.8 1,864.7 2,052.7 1,455.9 0.0 1H 2H 1H 2H 1H 2H 1H 2H FYE201

  22. Slide 22: Quarterly Performance

    Quarterly Performance Revenue 【 10,000 Unit 】 Revenue Powertrain Unit Sales （）Total sales of HEV, eAxle (after FYE2021） 【Billion JPY】 274 258 1,800 260 （20） 243 227 238 245 246 246 247 236 220 （22） 229 226 220 222 （20） （21） （27） （25） （27） （17） 1,200 137 （10） 600 1,007.9 986.5 1,018.9 1,029.7 1,048.5

  23. Slide 23: Capital policy

    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*1 as an important financial index to assess our capital structure, and believe the ratio from 25% to 30% represents opt

  24. Slide 24: Return to Shareholders

    Return to Shareholders Our “Return to shareholders” policy is to achieve steady dividend payout with a dividend payout ratio of around 30%. We also consider to repurchase Treasury Stock based on our capitalization ratio and future investment trends. Profit before income taxes／ EPS Dividends per shar

  25. Slide 25: Note on future predictions

    【Note on future predictions 】 Excluding matters related to past and current facts, the business results forecasts and forward-looking estimates, strategies and targets disclosed by the Company are estimates regarding the future. These estimates are formulated from plans, expectations and judgments m

Aisin — Q1 FYE2023 Earnings Presentation on 6ix