Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — FY2020 Earnings Presentation
19 slides from Aisin's earnings presentation, Apr 30, 2020
Slide 1: FY2020 Consolidated Financial Results
FY2020 Consolidated Financial Results April 30th, 2020 AISIN SEIKI Co., Ltd.
Slide 2: Contents
Contents 1. Overview of Financial Results (FY2020) P.2 2. Consolidated Financial Results (FY2020) P.3-8 3. Reference Information P.9-18 1/18
Slide 3: Overview of Financial Results (FY2020)
1. Overview of Financial Results (FY2020) 1. Revenue for FY2020 decreased compared to last year due to unfavorable Automatic Transmission sales mainly in China and the impact of COVID-19. 2. Operating Profit for FY2020 decreased compared to last year due to the decrease of sales , increase of deprec
Slide 4: Consolidated Financial Results (FY2020)
2.Consolidated Financial Results (FY2020) 3/18
Slide 5: Consolidated Financial Results (FY2020)
Consolidated Financial Results (FY2020) FY2019 FY2020 Change FY2020 (Billion yen) Rate to Rate to Forecast Rate to Results Revenue Results Revenu Amount % in Jan Revenue % % e% Revenue 4,043.1 - 3,784.5 - -258.6 -6.4 3,840.0 - Operating Profit 205.5 5.1 56.1 1.5 -149.4 -72.7 75.0 2.0 Profit before 7
Slide 6: Sales by Customer (FY2020)
Sales by Customer (FY2020) FY2019 Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) 1,599.0 Chinese OEMs Total 127.2 1,600 258.7 ⇒142.0(-116.7) (3.1%) -243.8 349.4 Other 1,400 1,355.2 Auto Makers Toyota 4,043.1 1,599.0 Group 1,200 74.1 295.6 Others -53.8 (39.6%) 2,3
Slide 7: Segment Information (FY2020)
Segment Information (FY2020) Revenue (-258.6) Operating Profit (- 149.4) FY2019 FY2020 (Billion yen) FY2019 FY2020 (Billion yen) -186.1 FX Other FX Other Impact factors Impact factors 2,500 Japan - -186.1 Japan -7.0 -69.6 2,376.3 North North 2,190.2 -11.5 +6.3 -76.6 America +0.2 -12.1 America 2,000
Slide 8: Fluctuations for Operating Profit (FY2020)
7/18 FY2020 (Billion yen) 56.1 Operating Profit -30.0 Impact of COVID-19 factors for FY2020 -85.5 billion yen -32.0 Fluctuations for Operating Profit (FY2020) Loss on Non-ordinary Business liquidation -23.5 Quality-related costs for FY 2020 Preparation cost -2.2 141.6 Operating Profit Depreciation R
Slide 9: Fluctuations for Operating Profit vs Forecast in Jan
Fluctuations for Operating Profit (FY2020) FY2020 (Forecast in Jan) (Billion yen) / FY2020 +2.2 -30.0 +2.9 Others Depreciation Impact of COVID-19 +3.9 +2.1 FX impact 75.0 Structural reforms Operating Profit （ Operating Profit Forecast in Jan) 56.1 - 18.9 Billion yen FY2020 FY2020 （Forecast in Jan） 8
Slide 10: Reference Information
3.Reference Information 9/18
Slide 11: Capital Expenditure/Depreciation/R&D Expenditure
Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure AW-G of FY2020 (Billion yen) amount includes AISIN AI Group by （）: Rate to sales integration. 389.9 Others ADS-G AW-G 32.9 AISIN SEIKI-G 290.6 260.3 237.4 39.8 226.4 242.1 144.9 213.4 (5.0%) (5.4%) 19.
Slide 12: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota Global production production production (10,000 Unit) 4Q 3Q 909 892 906 893 2Q 1Q 225 220 226 208 596 578 591 567 144 137 136 129 227 234 224 232 313 315 326 151 151 155 146 314 79 231 223 222 228 81 83 90 78 148 147 149 144 76 81 79 83 76
Slide 13: Sales Number
Sales Number AT sales MT sales (10,000 Unit) (10,000 Unit) 983 999 200 1,000 869 904 165 164 258 247 151 800 222 150 234 39 40 246 33 111 600 258 236 224 100 45 48 36 24 400 246 30 207 234 220 39 34 39 200 50 29 204 233 260 226 42 42 43 0 28 0 FY2017 FY2018 FY2019 FY2020 FY2017 FY2018 FY2019 FY2020
Slide 14: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 140 130 129 119 121 120 100 EUR 109 111 111 109 USD 80 20.0 16.1 16.8 16.5 15.6 CNY THB 10.0 3.1 3.4 3.4 3.5 0.0 FY2017 FY2018 FY2019 FY2020 Impacts on Forex Impact on Operating Operating Profit profit per 1(or 0.1) yen (Billion yen) FY2017
Slide 15: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group (Billion yen) 4.9% ◆ 4.4% ◆ 3.8% (Billion yen) ◆ 120 2,000 1,776.2 1,641.9 1,782.6 1,685.7 1,500 80.5 78.0 90 67.0 1,000 ◆ 1.8% 60 30.2 30 500 0 0 FY2017 FY2018 FY2019 FY2020 AISIN AW Group (after integration with AISIN AI Grou
Slide 16: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group 4.5% 4.2% (Billion yen) (Billion yen) ◆ 4.1% ◆ ◆ 30 400 2.2% ◆ 320.7 310.0 300 273.0 295.7 20 200 12.3 11.9 13.5 10 6.7 100 0 0 FY2017 FY2018 FY2019 FY2020 ADVICS Group (Billion yen) (Billion yen) 800 1.7% 2.0% 1.1% ◆ 600 555
Slide 17: Quarterly Performance
Quarterly Performance Revenue (Billion yen) (10,000 Unit) 1,800 231 227 225 232 224 234 226 233 224 250 226 217 223 220 222 228 208 200 1,200 1,030.2 1,007.9 1,018.9 1,029.7 963.0 950.7 958.0 957.5 917.0 938.0 1,023.5 986.5 838.6 858.8 907.5 912.7 150 600 100 50 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 18: Half Yearly Performance
Half Yearly Performance Revenue (10,000 Unit) (Billion 3,000 yen) 457 440 452 460 461 452 446 432 480 2,400 2,053.8 1,994.4 2,048.7 360 1,865.0 1,855.1 1,913.7 1,870.8 1,697.5 1,800 240 1,200 600 120 0 0 1H 2H 1H 2H 1H 2H 1H 2H FY2017 FY2018 FY2019 FY2020 Operating Profit 210yen) (Billion 7.2% 7.1%
Slide 19: Capital policy and Return to Shareholders
Capital policy and Return to Shareholders 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 as an important financial index to assess our capital structure, and believe