Johnson Electric Holdings Limited · HKEX:179
Johnson Electric — H1 FY25/26 Earnings Presentation
52 slides from Johnson Electric's earnings presentation, November 2025
Slide 1: FY25/26 Interim Results Investor Briefing
FY25/26 Interim Results For the period ended 30 September 2025 Investor Briefing November 2025
Slide 2: FY25/26 Interim Results Overview
FY25/26 Interim Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 2 A World of Motion. Powered by Sustainable Innovation…
Slide 3: Overview
Overview Automotive Industry Components & Products Group Products Group Services APG provides motion-related IPG serves a wide range of industrial, Our technical expertise, components for all vehicle types. professional and consumer segments. in-house tool rooms and vertical We are well-placed to ca
Slide 4: History & Development
History & Development Sales US$3.6bn 3.1bn Hong Kong Hong Kong listed Global family business company starting multinational 2.1bn to supply the world 1.7bn 1.1bn 677m 251m 126m 16m 54m Fiscal 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 Year Founded by AC motor Listed on Acq
Slide 5: Driving a Sustainable Future
Driving a Sustainable Future Page 5 A World of Motion. Powered by Sustainable Innovation…
Slide 6: Strategies
Strategies on serving in technological a resilient global the design and selective businesses customers whose innovation to manufacturing production a diverse, that bring products are provide unique footprint to processes with talented, and complementary aligned to key motion solutions to provide: t
Slide 7: Johnson Electric at a Glance
Johnson Electric at a Glance FY24/25 Providing motion solutions Making over to approximately 4 million products* per day *motors and other motion related products 1,500 customers Operating in over 20 countries across 4 continents Employing over Generating total sales revenue of 30,000 people US$3.6
Slide 8: FY25/26 Interim Results Overview
FY25/26 Interim Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 8 A World of Motion. Powered by Sustainable Innovation…
Slide 9: Why Invest in Johnson Electric?
Why Invest in Johnson Electric? One of the World’s Largest Providers of Motion Solutions in electric motors, actuators, motion subsystems and related electromechanical components Innovative motion solutions for today and the future Geographically diverse, blue-chip customer base Global operating foo
Slide 10: Innovative Solutions for Today & the Future
Innovative Solutions For Today & the Automotive Smart Home & Electrification & Healthcare E-Commerce & IOT Environment Industrial Subsystems and Home automation for Zero-carbon solutions Medical device Industrial equipment, components that windows and robotic for mobility, lawn care subsystems for s
Slide 11: Our Divisions
Our Divisions •••• Automotive Industry Products Products Group Group • Braking • Suspension • Business • Lawn & garden • Closure • Thermal equipment • Medical devices • Interior management • Data Center • Power tools • Powder metal • Transmission Cooling • Robotics products & driveline • E-bikes • S
Slide 12: Diversified Sales
Diversified Sales First Half of FY25/26 Note: EMEA: Europe, the Middle East and Africa Page 12 A World of Motion. Powered by Sustainable Innovation…
Slide 13: Diversified Customer Base
Diversified Customer Base World-class Customers Across Diversified Industries 400 Over Automotive Customers 1100 Over Non-Auto Customers Disclaimer: All customer tradenames and trademarks are the property of their respective owners. Their use in this presentation is for identification purposes only.
Slide 14: Market shift to net zero
Market shift to net zero Accelerating APG’s Growth Opportunity • NEV 2024-2031 CAGR 13% • • Page 14 A World of Motion. Powered by Sustainable Innovation…
Slide 15: Automotive Products: Enabling Electrification and Reducing Emissions
Automotive Products Enabling Electrification and Reducing Emissions ICE BEV Powder Metal JE Applications Suitable Shift- by-wire for All Vehicle Types Mild HEV PHEV parts Thermal Brushless DC module Management HEV Large Cooling E-oil fan pump Vision carrier module Power Closure Pump gear Braking Bod
Slide 16: Automotive Products: Well Positioned for Growth in NEV
Automotive Products Well Positioned for Growth in New Energy Vehicles (NEV) Electric Integrated JE Mild HEV BEV supercharger system blower thermal management system Applications targeting Hybrid & BEV HEV PHEV Mild HEV HEV PHEV E-water Planetary BEV pump assemblies Fuel pump E-turbo Electric throttl
Slide 17: Increasing Content Opportunity per Vehicle
Increasing Content Opportunity per Vehicle from ICE to Hybrid / BEV Electrifying critical EV functions Thermal Management Enabling critical EV • ITMS thermal management • Electric Potential opportunities for NEVs systems for enhanced water pump driving range, • Valve extended battery life & actuator
Slide 18: Recent Automotive Business Wins for New Energy Vehicles
Recent Automotive Business Wins for New Energy Vehicles Our innovative products are winning Braking Applications business on major NEV platforms Brake booster, e-parking lock, e-parking brake and electric vacuum pump for safety and shorter braking distance, lower weight, and energy regeneration Inte
Slide 19: Autonomous Driving & Connectivity
Autonomous Driving & Connectivity Smart Smart Steering & Vision Closure Cabin Braking Window lift and sunroof motor Seat adjuster motor Steering-by-wire motor Sensor washing system Electro-mechanical braking motor Power door Condensation management opening device motor Brake-by-wire Power lift tailg
Slide 20: IPG Growth Supported by Megatrends
IPG Growth Supported by Megatrends Focusing on Our focus on these sectors positions us to capitalize sustainable growth on emerging trends and innovations in the market prospects Touching Human Needs Improving Performance Page 20 A World of Motion. Powered by Sustainable Innovation…
Slide 21: Winning Market Traction
Winning Market Traction Medium-term sales outlook 3 9% US$ 5.6bn CAGR US$ 3.6bn US$ 4.2bn New business wins 2 4% 1 3% and opportunities Global Global are set to GDP vehicle growth growth accelerate growth FY24/25 Actual FY29/30 Forecast Note: Estimated total Group sales outlook based on customer ord
Slide 22: Global Operating Footprint
Global Operating Footprint Operating in over 20 Countries across 4 Continents Workforce of over 30,000 across over 20 countries Manufacturing sites Sales & support offices Engineering sites All Page 22 A World of Motion. Powered by Sustainable Innovation…
Slide 23: ESG is Integral to Johnson Electric's Evolution
ESG is Integral to Johnson Electric’s Evolution PRODUCTS ENVIRONMENT Sustainable products Energy and climate Product carbon footprint Waste Product quality Water Product safety Emissions Material management and use TRUST AND EMPLOYEES TRANSPARENCY Health and safety Corporate governance Talent attrac
Slide 24: Sustainability Successes
Sustainability Successes • 70 product • SBTi approved • Zero waste carbon carbon targets to landfill footprints • 81% reduction quantified in Scope 2 CO2 • 92% of hours • Recognized as one worked in of the HR Asia Best sites with Companies to Work ISO 45001 for in Asia 2024 certification • More than
Slide 25: Recognition of our Sustainability Efforts
Recognition of our Sustainability Efforts Recognized in the S&P Sustainability Yearbook (China) 2025 EcoVadis CDP MSCI Silver Medal ‘B’ Score ESG rating Sustainalytics 94th percentile for climate change Upgraded to ‘AA’ Low risk Top 6% of 150,000+ rated and water security Top 7% in the industry comp
Slide 26: FY25/26 Interim Results Overview
FY25/26 Interim Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 26 A World of Motion. Powered by Sustainable Innovation…
Slide 27: Financial Highlights
Financial Highlights 1. Earnings before interest, tax and amortization 2. Adjusted to exclude unrealized gains or losses relating to exchange rate movements as well as restructuring and other related costs Note: Numbers do not add up due to effect of rounding Page 27 A World of Motion. Powered by Su
Slide 28: Financial Highlights
Financial Highlights 1. Cash and cash equivalents 2. Bank loans and other miscellaneous borrowings less total debt 4. Capital comprises total equity plus total debt 5. Including pension liabilities and lease liabilities 6. Adjusted earnings before interest, tax, depreciation and amortization, annual
Slide 29: FY25/26 Interim Results Overview
FY25/26 Interim Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 29 A World of Motion. Powered by Sustainable Innovation…
Slide 30: Group Sales Changes
Group Sales Changes First Half of FY25/26 vs. First Half of FY24/25 US$ million Sales decreased by 1% APG’s sales softened mainly due to an unfavorable customer mix in China and competitive price adjustments IPG’s sales were flat amid varied regional dynamics Notes: 1. The Automotive Products Group
Slide 31: APG Sales Changes
APG Sales Changes First Half of FY25/26 vs. First Half of FY24/25 APG's sales were impacted by: • Weak demand for non-domestic car brands in China, partially mitigated by growth in sales to Chinese car brands • Market-responsive pricing adjustments Note: EMEA: Europe, the Middle East and Africa Page
Slide 32: Light Vehicle Production
Light Vehicle Production Multi-Year Changes Global light vehicle production volumes have been flat since FY23/24 Note: Actual, estimated and forecast light vehicle production volumes sourced from S&P Global October 2025 Page 32 A World of Motion. Powered by Sustainable Innovation…
Slide 33: APG Multi-Year Sales Changes
APG Multi-Year Sales Changes The automotive industry is undergoing swift structural changes • China has become the leading and most vibrant market for electric vehicles • Traditional OEMs are refining their manufacturing approaches and product ranges APG offers innovative technologies and competitiv
Slide 34: IPG Sales Growth by Region
IPG Sales Growth by Region First Half of FY25/26 vs. First Half of FY24/25 IPG’s sales remained flat, while performance varied across regions: • Asia-Pacific declined as price competition affected IPG and its customers in some segments • EMEA grew due to certain customers’ restocking inventory and n
Slide 35: IPG Multi-Year Sales Trend
IPG Multi-Year Sales Trend Page 35 A World of Motion. Powered by Sustainable Innovation…
Slide 36: Adjusted Net Profit
Adjusted Net Profit First Half of FY25/26 vs. First Half of FY24/25 Profit decreased mainly due to price adjustments and wage inflation Largely mitigated by cost-reduction efforts and realized foreign exchange gains 1 1 1. Adjusting the net profit to exclude the non-cash foreign exchange rate moveme
Slide 37: Working Capital and Capital Expenditure
Working Capital and Capital Expenditure Trade and Other Receivables Trade and Other Payables US$ Days US$ Days million sales million purchases outstanding* outstanding** Inventories Capital Expenditure US$ Days US$ CAPEX as million inventory million a % of sales on hand Page 37 A World of Motion. Po
Slide 38: Free Cash Flow from Operations
Free Cash Flow from Operations * Capital expenditure, net of proceeds from disposal of fixed assets Page 38 A World of Motion. Powered by Sustainable Innovation…
Slide 39: Utilization of Free Cash Flow
Utilization of Free Cash Flow Page 39 A World of Motion. Powered by Sustainable Innovation…
Slide 40: Dividends
Dividends Note: * Final dividend to be determined at the end of the fiscal year Page 40 A World of Motion. Powered by Sustainable Innovation…
Slide 41: FY25/26 Interim Results Overview
FY25/26 Interim Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 41 A World of Motion. Powered by Sustainable Innovation…
Slide 42: Outlook
Outlook Global Context and Business Uncertainty • Global economy retained resilience in the first half of the year, but trade and investment remains uncertain for international manufacturers • Newly implemented, higher US tariffs are creating uncertainty for consumer behavior, business confidence, a
Slide 43: FY25/26 Interim Results Overview
FY25/26 Interim Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 43 A World of Motion. Powered by Sustainable Innovation…
Slide 44: Humanoid Robots
Humanoid Robots Joint Ventures with Shanghai Mechanical & Electrical Industry Co., Ltd. (SMEIC) Serving Humanoid Robot Markets in China Joint venture agreements Shanghai Joint Venture • Sales & business development signed on • Application engineering 49% equity • Customer service 51% equity 16 July,
Slide 45: Joint Ventures with SMEIC
Joint Ventures with SMEIC Waist joint for pitch/rotation Hip joint Components for for pitch/rotation/roll Humanoid Robots Dexterous hand actuators and sensors The Group is expanding Knee joint for pitch into the humanoid robotics sector through Ankle joint joint ventures in China for roll Page 45 A
Slide 46: New JV "Jointelligence" Officially Unveiled in Shanghai
New JV “Jointelligence” Officially Unveiled in Shanghai Jointelligence unites Johnson Electric’s motion system expertise with SMEIC’s industrial strengths to drive innovation in complete joint modules – the “muscle” of the humanoid robot – technology in China through advanced research & developmen
Slide 47: Portfolio in AI Data Center Liquid Cooling Pumps
Portfolio in AI Data Center Liquid Cooling Pumps Efficient cooling for a sustainable future Technological advances are expanding data centers for cloud services and AI, worldwide, driving demand for reliable, sustainable, high-density cooling Johnson Electric offers innovative and high- performa
Slide 48: Profitability Review
Profitability Review First Half of FY25/26 vs. First Half of FY24/25 Page 48 A World of Motion. Powered by Sustainable Innovation…
Slide 49: Profitability Review
Profitability Review First Half of FY25/26 vs. First Half of FY24/25 Page 49 A World of Motion. Powered by Sustainable Innovation…
Slide 50: From Reported to Adjusted Net Profit
From Reported to Adjusted Net Profit 1. Adjusting net profit to exclude non-cash foreign exchange rate movements and restructuring costs provides additional insight into the underlying performance of the business. Page 50 A World of Motion. Powered by Sustainable Innovation…
Slide 51: Average Exchange Rates
Average Exchange Rates First Half of FY25/26 vs. First Half of FY24/25 Page 51 A World of Motion. Powered by Sustainable Innovation…
Slide 52: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric. Words such as outlook, expects, anticipates, intends, plans
Johnson Electric Holdings — H1 FY25/26 Earnings Presentation on 6ix