Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — FY2017 Earnings Presentation
24 slides from Aisin's earnings presentation, Apr 28, 2017
Slide 1: FY2017 Consolidated Financial Results
FY2017 Consolidated Financial Results April 28th, 2017 AISIN SEIKI Co., Ltd.
Slide 2: Contents
Contents 1.Consolidated Operating Results (FY2017) P.2-8 2.Consolidated Operating Forecast (FY2018) P.9-13 3.Reference information P.14-23 1
Slide 3: 1. Consolidated Operating Results (FY2017)
1.Consolidated Operating Results (FY2017) 2
Slide 4: FY2017 Overview of Financial Results
FY2017 Overview of Financial Results 1. Revenue for FY2017 reached 3,562.6 billion yen, which is the highest ever before, due to favorable AT and Body parts sales, and the contribution of newly consolidated SHIROKI group. 2. Operating profit for FY2017 was highest-ever 228.6 billion yen, due to sale
Slide 5: Consolidated Operating Results (FY2017)
Consolidated Operating Results (FY2017) Based on IFRS FY2016 FY2017 Change FY2017 (Both FY2016&17) Rate to Rate to Forecast Rate to Results Results Amount % (billion yen) sales % sales % in Feb sales % Revenue 3,245.9 - 3,562.6 - +316.7 +9.8 3,530.0 - Operating 192.7 5.9 228.6 6.4 +35.9 +18.7 205.0
Slide 6: Sales by Customer (FY2017)
Sales by Customer (FY2017) Other Manufacturers sales FY2016 Revenue breakdown Life & others (Billion yen) (Billion yen) 104.7 1,400 (3.2%) 1,300.0 +179.0 Toyota Ａ/Ｍ & Other 1,200 1,121.0 Others 3,245.9 Group 258.9 +2.9 -0.3 Manufacturers 2,020.1 1,121.0 (62.2%) 1,000 51.3 HONDA +3.0 256.0 (34.6%) 69
Slide 7: Segment Information (FY2017)
Segment Information(FY2017) Revenue (+ 316.7) Operating Profit (+ 35.9) (Billion yen) +246.1 FY2016 FY2017 (Billion yen) +15.8 FY2016 FY2017 2,200 2,073.1 FX Other 150 FX Impact Other factors Impact factors 138.8 2,000 Japan -27.6 +43.4 Japan - +246.1 1,827.0 North America -2.4 +6.5 1,800 North 123.
Slide 8: Fluctuations for Operating Profit (FY2017)
Fluctuations for Operating Profit(FY2017) FY2016 / FY2017 +6.1 -11.0 +33.0 (Billion yen) material price Depreciation - 49.2 +14.2 - 10.3 Change of +12.5 Cost structure earthquakes -41.9 improvement Insurance Loss from reorganization* income +82.5 R&D others 254.1 Business Forex rate 228.6 (Except no
Slide 9: Fluctuations for Operating Profit (FY2017 Forecast vs Result)
Fluctuations for Operating Profit(FY2017) FY2017(Feb 2nd Forecast) / FY2017(Result) (Billion yen) +0.5 -0.3 +3.2 +0.5 +1.2 +2.9 228.6 +0.1 Forex rate earthquakes Reorganization* Insurance Loss from Depreciation 224.0 Operating Profit (Result) income material price +15.5 R&D others Business Change of
Slide 10: 2. Consolidated Operating Forecast (FY2018)
2.Consolidated Operating Forecast (FY2018) 9
Slide 11: Consolidated Operating Forecast (FY2018)
Consolidated Operating Forecast (FY2018) FY2017 FY2018 change Rate to Rate to (Billion yen) Results Forecast Amount % sales % sales % Revenue 3,562.6 - 3,670.0 - +107.4 +3.0 Operating Profit 228.6 6.4 230.0 6.3 +1.4 +0.6 Profit before income taxes 237.3 6.7 244.0 6.6 +6.7 +2.8 Profit for the period
Slide 12: Forecast of Sales by Customer (FY2018)
Forecast of Sales by Customer(FY2018) Other Manufacturers sales FY2017 Revenue breakdown Life & others (Billion yen) (Billion yen) 121.3 1,600 (3.4%) Toyota +128.0 1,428.0 1,400 Ａ/Ｍ & Other Group 1,300.0 Others 3,562.6 273.0 Manufacturers 2,141.2 +14.1 -0.9 1,200 1,300.0 (60.1%) 258.9 49.9 HONDA -1.
Slide 13: Forecast of Segment Information (FY2018)
Forecast of Segment Information(FY2018) Revenue (+107.4) Operating Profit (+ 1.4) (Billion yen) +128.9 (Billion yen) 2,400 FY2017 FY2018 +0.4 FY2017 FY2018 150 FX Other FX Impact Other factors 2,200 2,202.0 Impact factors 139.2 138.8 2,073.1 Japan -5.4 +5.8 Japan - +128.9 2,000 North America -0.4 -1
Slide 14: Forecast of Fluctuations for Operating Profit (FY2018)
Forecast of Fluctuations for Operating Profit(FY2018) FY2017 / FY2018 +33.0 -25.0 (Billion yen) material price -22.9 +24.6 -20.7 +23.0 Change of 261.3 -14.2 +10.3 -6.7 Cost structure reorganization* improvement Depreciation Forex rate Insurance earthquakes R&D others 228.6 230.0 (Except Non- ordinar
Slide 15: 3. Reference Information
3.Reference information AISIN 4 \ GROUP 14
Slide 16: Capital Expenditure/Depreciation/R&D Expenditure
Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure 294.1 (Billion yen) （）: Rate to sales 260.0 Others ADS-G 247.8 237.4 AISIN AW-G 23.7 22.0 220.0 AISIN SEIKI-G 197.1 (4.7%) (4.9%) 25.8 186.1 (5.0%) 39.7 (5.0%) 180.0 161.0 162.6 167.7 81.0 18.1 123.2 1
Slide 17: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota global production production production (10,000 Unit) 4Q 3Q 899 887 909 889 2Q 1Q 222 215 225 221 586 573 596 575 140 135 144 138 223 220 227 228 314 313 148 140 151 149 313 314 231 232 231 223 82 80 81 83 151 152 148 145 75 80 76 79 80 80
Slide 18: Sales number
Sales number Yearly AT sales MT sales (10,000 Unit) (10,000 Unit) 1,000 980 869 200 160 165 800 737 144 160 687 234 150 191 39 39 600 171 37 224 100 45 176 194 36 43 400 172 172 207 41 39 200 50 35 168 180 204 36 37 42 0 0 FY2015 FY2016 FY2017 FY2018 FY2015 FY2016 FY2017 FY2018 (Forecast) (Forecast)
Slide 19: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 145 138 132 119 115 120 120 95 110 109 105 EUR USD 70 25.0 18.0 18.8 16.0 CNY 20.0 16.1 THB 15.0 10.0 3.4 3.4 3.1 3.1 5.0 0.0 FY2015 FY2016 FY2017 FY2018 (Forecast) Impacts on Forex Impact on Operating Operating Profit profit per 1(or 0.1) y
Slide 20: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies Ⅰ *FY2016 The results of FY2015 are based on JGAAP and the result of and the forecast FY2017 are based on IFRS. AISIN SEIKI Group Revenue Operating Profit Operating Profit Rate (Billion yen) 4.9% 4.7% 2,000 150 3.9% 1,500 3.4% 120 1,641.9 90 1,000
Slide 21: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ FY2016 and the forecast FY2017 are based on IFRS. * The results of FY2015 are based on JGAAP and the result of AISIN Takaoka Group Revenue Operating Profit Operating Profit Rate (Billion yen) 4.5% (Billion yen) 4.3% 4.3% 400 30 3.2% 300 20 200 2
Slide 22: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ FY2016 and the forecast FY2017 are based on IFRS. * The results of FY2015 are based on JGAAP and the result of ADVICS Group Revenue Operating Profit Operating Profit Rate (Billion yen) (Billion yen) 800 1.8% 1.7% 30 1.4% 600 1.1% 20 400 527.3 55
Slide 23: Quarterly Performance
Quarterly Performance * The results of before FY2015 are based on JGAAP and the result of FY2016 and the forecast FY2017 are based on IFRS. Revenue Revenue Toyota global production (10,000 Unit) (Billion yen) 224 224 226 227 223 231 223 222 232 226 231 227 225 250 220 220 215 1,200 1,000 858.8 907.5
Slide 24: Dividend per Share
Dividend per Share * The results of before FY2015 are based on JGAAP and the result of FY2016 and the forecast FY2017 are based on IFRS. FY2018 FY2013 FY2014 FY2015 FY2016 FY2017 (Forecast) Interim 25 35 45 50 50 - Dividend (yen) Year-end 50 60 50 50 75 - Total 75 95 95 100 125 125 Dividend Payout R