Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — FY2017 Q3 Earnings Presentation
19 slides from Aisin's earnings presentation, Feb 2, 2017
Slide 1: FY2017 3rd quarter Consolidated Financial Report
FY2017 3rd quarter Consolidated Financial Report (April 1, 2016 through December 31 , 2016) February 2, 2017 Contents AISIN SEIKI Co., Ltd. FY2017 3Q Overview of Financial Results Consolidated Operating Results (FY2017 3Q) P.2 P.3-6 Consolidated Operating Forecast (FY2017) P.7-10 (http://www.aisin.c
Slide 2: FY2017 3rd quarter Overview of Financial Results
FY2017 3rd quarter Overview of Financial Results ①Revenue increased from last year due to favorable AT sales globally and Body parts sales to Chinese OEMs such as Sunroofs. Also newly consolidated SHIROKI group sales contributed to the increase. ②Both of Operating profit and Profit before income tax
Slide 3: Consolidated Operating Results (FY2017 3Q – 9 months)
Consolidated Operating Results ( FY2017 3Q – 9 months) * The results of Previous Third Quarter and this Quarter are disclosed based on IFRS. Gain from stock swap with SHIROKI Corporation +19.5 Foreign exchange loss +3.7 Insurance Income +8.6 SHIROKI group sales(newly consolidated)+98.6 (-5.4 → -1.7
Slide 4: Sales by Customer (FY2017 3Q – 9 months)
Sales by Customer ( FY2017 3Q – 9 months) Billion yen FY2016 3Q 【Revenue 2,407.0】 Other Manufacturers sales breakdown Life & others 900 944.4 76.8 Toyota (3.2%) 820.2 Group 800 +25.6 268.7 Ａ/Ｍ & Others Other 1,509.9 Manufacturers 700 243.1 (62.7%) -0.1 25.5 Changan 820.2 +1.6 37.0 HONDA (34.1%) 600
Slide 5: Segment Information (FY2017 3Q – 9 months)
Segment Information ( FY2017 3Q – 9 months) Revenue Billion yen Operating Profit 億円 Billion yen 1,357.9 88.6 Japan Japan 1,519.3 94.0 Difference Breakdown Difference Breakdown North 418.8 North 10.8 FX Impact Other factors America FX Other America 414.2 Impact factors 15.6 Japan -26.3 +31.7 Japan -
Slide 6: Fluctuations for Operating Profit (FY2017 3Q – 9 months)
Fluctuations for Operating Profit ( FY2017 3Q – 9 months) Billion yen 【FY2016 3Q / FY2017 3Q】 Increase +23.3 Increase Decrease +113.5 138.9 → 162.2 -90.2 19.5 Business reorganization -8.2 （FY2016 ）Gain on transfer of Toyota Boshoku Seat Gain from stock swap with business SHIROKI Corporation Insuranc
Slide 7: Consolidated Operating Forecast (FY2017 – 12 months)
Consolidated Operating Forecast ( FY2017 – 12 months) Gain from stock swap with SHIROKI Corporation +19.5 Insurance Income +13.7 SHIROKI group sales(newly consolidated)+135.1 Impairment lisk -7.0 （FY2016 ）Gain on transfer of business -8.2 Billion yen Loss from earthquakes -10.0 Profit for the period
Slide 8: Forecast of Sales by Customer (FY2017 – 12 months)
Forecast of Sales by Customer ( FY2017 – 12 months) Billion yen FY2016 【Revenue 3,245.9】 Other Manufacturers sales breakdown Life & others 1,293.0 104.7 1,200 (3.2%) Toyota Group 1,121.0 +26.6 366.1 A/M & Others 1,050 Other 2,020.1 Manufacturers (62.2%) 339.5 +24.7 37.1 Guangzhou 900 1,121.0 +1.9 50
Slide 9: Forecast of Segment Information (FY2017 – 12 months)
Forecast of Segment Information ( FY2017 – 12 months) Billion yen Billion 億円yen Revenue Operating Profit 1,827.0 123.0 2,061.0 114.2 Difference Breakdown Difference Breakdown 564.4 18.4 FX Other FX Other Impact factors Impact factors 559.0 24.4 Japan -29.7 +20.9 Japan - +234.0 North North America -2
Slide 10: Forecast of Fluctuations for Operating Profit (FY2017 – 12 months)
Forecast of Fluctuations for Operating Profit ( FY2017 – 12 months) Billion yen 【FY2016 / FY2017】 Increase +12.3 Increase Decrease +139.2 192.7 → 205.0 -126.9 19.5 Business reorganization -8.2 （FY2016 ）Gain on transfer of Toyota Boshoku Seat Gain from stock swap with SHIROKI Corporation Insurance bu
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I * The results before FY2015 are based on JGAAP and the result of FY2016 and the forecast FY2017 are based on IFRS. AISIN SEIKI Group 210 1,616.0 Billion yen (Ref) 3Q Result 180 1,503.0 1,353.6 1,402.5 Revenue 150 1,195.7 1,200.0 Operating Profit
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Billion yen Group (Ref) 3Q Result Revenue Operating Profit 206.7 202.0 Ordinary income /Profit before income taxes (Forecast) (予想) Billion yen AISIN AI Group 180 (Ref) 3Q Result 150 99.9 101.3 120 90 60 30 0.1 0 0 +0.0 -0.2 +0.0 -0
Slide 13: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ ADVICS Group <3,076> Billion yen <2,772> (Ref) 3Q Result 700 Revenue 600 Operating Profit Ordinary income 413.5 406.7 500 /Profit before income taxes 400 300 7.518 6.9 200 100 0.1 0.7 0 FY2016 FY2017 (Forecast) － 13 －
Slide 14: Capital Expenditure
Capital Expenditure Billion yen Depreciation 300 186.1 200.0 200 149.0 161.0 139.2 100 Capital Expenditure Other Overseas 400 AHA-G Other Domestics 300 294.1 247.8 250.0 ADVICS -G 195.0 204.7 AISIN AW -G 200 23.7 AISIN SEIKI 25.8 39.7 100 11.4 13.1 123.2 66.6 74.8 78.8 76.0 29.3 25.7 30.9 41.8 39.7
Slide 15: R & D Expenditure
R & D Expenditure R & D Expenditure / Revenue % 8.0 7.0 6.0 5.3 % 5.1 % 5.0 % 5.0 % 4.8 % 5.0 4.0 R & D Expenditure Billion yen 250 200 Others 162.6 170.0 135.0 144.3 149.1 150 AISIN AW -G 65.8 69.5 100 52.9 52.4 55.4 19.0 19.3 20.4 ADVICS 19.3 19.5 50 53.5 60.6 63.7 65.5 66.4 AISIN SEIKI 0 FY 2013
Slide 16: Production
Production 10,000 of units AT Production MT Production 870 545 200 214 900 737 161 160 164 658 687 144 2 H nd 600 385 459 84 82 83 2 Hnd 331 347 100 73 300 st 327 340 352 411 1 H 77 71 78 81 1st H 0 0 FY2014 FY2015 FY2016 FY2017 FY2014 FY2015 FY2016 FY2017 (Forecast) (Forecast) Navigation System Pro
Slide 17: TOYOTA Motors Production
TOYOTA Motors Production 10,000 of units TOYOTA Motors Production 901 899 887 908 (Forecast) － 17 －
Slide 18: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate Profit Operating 145 135Yen 138Yen 132Yen 119Yen 120 95 120Yen EUR 100Yen 110Yen 108Yen USD 70 CNY 25 18.0Yen 18.8Yen 20 16.5Yen 16.0Yen THB 15 10 3.2Yen 3.4Yen 3.4Yen 3.0Yen 5 Exchange 0 Rate after January Impacts on Operating Profit USD 110 yen
Slide 19: Quarterly Performance
Quarterly Performance Revenue TOYOTA Motors Production(10,000 of units） 1,200 Billion yen 226 227 223 231 224 232 226 231 227 224 224 221 219 221 215 224 1,000 907.5 924.8 843.5 838.9 838.6 858.8 773.2 771.2 792.2 800 727.8 756.4 699.5 687.4 714.8 720.3 707.0 600 400 200 Operating 120 %: Operating P