Slide 1: FY2024 2nd Quarter Financial Results
DENSO Crafting the Core FY2024 24 Quarter Financial Results (2023/4-2023/9) October 31st , 2023 DENSO CORPORATION
Slide 2: Overview of FY2024 2nd Quarter Financial Results
Overview of FY2024 2" Quarter Financial Results 1. Revenue in the second quarter increased compared to the previous year due to the strong vehicle sales mainly in Japan and North America, foreign exchange gains and expansion of products for electrification, safety and peace of mind areas though decr
Slide 3: FY2024 2nd Quarter Consolidated Financial Results (2023/4-2023/9)
FY2024 24 Quarter Consolidated Financial Results (2023/4-2023/9) {Unit : Billions of Yen, %] (Ratio to Revenue) Items 2022/4-2023/9 2023/4-2023/9 Change Revenue 3,020.1 3,513.5} +493.4) +16.3%) Operating Profit ( 5.1% ) 155.4] ( 6.0% ) 211.8 +56.4| +36.3%| Profit before Income Taxes | ( 5.7% ) 170.6
Slide 4: FY2024 2nd Quarter Consolidated Revenue (By Customer)
FY2024 2™4 Quarter Consolidated Revenue (By Customer) (Unit: Billions of Yen) 9 0, (vs 22/9 (6 months basis) Revenue 3,020.1 => 3,513.5 (4+16.3%) [+13.8%] INCR/DECR) “Toyota group 1,514.3 > 1,836.0 (421.2%) [+19.9%] [vs 22/9 (6 months basis) INCR/DECR excluding FX diff.] +Other OEM s 1,155.8 = 1,336
Slide 5: FY2024 2nd Quarter Consolidated Revenue (By Product)
FY2024 2™4 Quarter Consolidated Revenue (By Product) (Unit: Billions of Yen) (vs 22/9 (6 months basis) 3,513.5 (416.3%) [+13.8%] INCR/DECR) Non -Automative [vs 22/9 (6 months basis) usiness INCR/DECR excluding FX diff.] ee 020.1 Sh Other Automotive Advanced (421.0%) [+18.3%] 606.8 Devices 9 Electrif
Slide 6: Change in FY2024 2nd Quarter Consolidated Operating Profit
Change in FY2024 24 Quarter Consolidated Operating Profit [Unit : Billions of Yen} Improvement : +22.0 Biz, Agility: +20,0 Expenses -20.0 Parts & material cost : -41.5 Labor +25 | | Raw material cost: -3.5 Depreciation : Energy cost Be Improvement & Business agility +9,5 2 1 1.8 enhancement +114.1 F
Slide 7: Geographical Segments by Company Location
Geographical Segments by Company Location [Unit : Billions of Yen} [Ratio to Revenue] Revenue Operating Profit 2,061.2 91.0 (5.2%) 85.2 86.2 22/9 (4.1%) (9.0%) 674 23/9 (7.0%) 14.0 13.1 (19.8%) 13.1 (3.8%) 114 (1.6%) 3.6 (21.3%) | ieee | Japan North Europe Asia _—_ Others Japan phen Europe Asia —Oth
Slide 8: Trend of Capital Expenditures, Depreciation and R&D Expenditures
Trend of Capital Expenditures, Depreciation and R&D Expenditures —® Ratio to Revenue [Unit : Billions of Yen) <Ratio to 24/3F> CAPEX Depreciation (including asset accrual) 7 3-4Q 11-29 9.9% 10.0% ve _ 9.0% 85% 5 boy 8.1% 8.0% 6.4% 5.7% 5.404 5.9% 5% 6.1% 5 50 .- + 8A we 55% 5.2% sore 00 ° _ 507-8 49
Slide 9: FY2024 Financial Forecast
FY2024 Financial Forecast {Unit : Billions of Yen, %] (Ratio to Revenue) Items Forecast as of 2024/3 Change from Change from June, 2023 Forecast Previous forecast Previous year Revenue 6700.0 7000.0} +300.0| +4.5%| +598.7] +9.4% lOperating Profit (9.0% ) 600.0, ( 9.0% ) 630.0} +30.0) +5.0%] +203.9)
Slide 10: Change in FY2024 Forecast Operating Profit
Change in FY2024 Forecast Operating Profit [Unit : Billions of Yen] . . 2Q: +230 (Diff. from previous forecast) 2half : +27.0 (+14.7)(+50.0) (+30.0) +131.6 +16.5 630.0 (-6.5) F/X rate 4175.0 +3.5 -28.2 Fixed cost 329.0 rire Production volume Parts & material / iz & Region mix Energy cost Quality Imp
Slide 11: Major Financial Indicator
Major Financial Indicator Revenue/Operating Profit/ . . Operating Profit Margin RTE INOHE ICE [Unit : Billions of Yen) 9.0% r *Change from previous forecast +0.4% 6.2% 6.7% __---” 9.7% 3.1% A 1.2% 7,000.0 8.4% 6,401.3 vf 5,515.5 - 5,153.5 4 936.7 1% 630.0 B41.2 | 426.1 eit [ass.a (Rg? 20/3 21/3. 22/
Slide 12: Annual dividend
Annual dividend 24/3F : 52 yen (Change from the previous announcement +2 yen) *Pre-stock conversion : 208 yen j 41.25 { 1 Yearly 35,00 27.00! 23.75 { ' 21.25 ! | Year-end 17,50 bene H 25.00 22.50 Interim {17.50 AVL 21/3 22/3 23/3 24/3 (F) DENSO Crafting the Cove [Annual dividend] The annual dividend
Slide 13: DENSO
DENSO Crafting the Core 13