Aisin Corporation · TSE:7259

Aisin — Q2 FYE2022 Earnings Presentation

24 slides from Aisin's earnings presentation, Oct 29, 2021

  1. Slide 1: Financial Results for the Fiscal Year Ended March 31, 2022, 2nd Quarter

    For the Fiscal year Ended March 31, 2022 2nd Quarter (April 1st, 2021 to September 30th, 2021) Financial Results October 29th, 2021 AISIN CORPORATION October 29, 2021 / © AISIN CORPORATION All Rights Reserved.

  2. Slide 2: FYE2022 2nd Quarter Overview of Financial Results

    FYE2022 2nd Quarter Overview of Financial Results １. Regarding to the first half of the year, despite the effects of the re-expansion of the COVID-19 infection in Southeast Asia and the shortage of semiconductors, structural reforms and cost reduction activities resulted in a significant increase in

  3. Slide 3: Consolidated Financial Results (FYE2022 2nd Quarter)

    Consolidated Financial Results (FYE2022 2nd Quarter) October 29, 2021 / © AISIN CORPORATION All Rights Reserved. 2/22

  4. Slide 4: 2nd Quarter Results Financial Summary

    FYE2022 2nd Quarter Results Financial Summary （ ）shows rate to Revenue % 【Billion JPY】 FYE2021 2Q FYE2022 2Q Change rate (Prior announcement) Change @ July 30th 2021 Results Results % Revenue 1,455.9 - 1,864.7 - + 408.8 + 28.1 2,050.0 - Operating Profit - 38.5 (-2.6) 85.1 (4.6) + 123.6 - 130.0 (6.3)

  5. Slide 5: 2nd Quarter Revenue by Customer

    FYE2022 2nd Quarter Revenue by Customer Mobility 【Billion JPY】 Energy Solutions and others Revenue by Customer（Other OEMs） 1,864.7 FYE2021 2Q FYE2022 2Q Customer Change 58.1 Results Results 1,455.9 (3.1%) VW&Audi 110.8 125.0 +14.2 Stellantis 65.4 111.1 +45.7 52.1 (3.6%) 666.2 SUZUKI 44.3 54.1 +9.8 O

  6. Slide 6: 2nd Quarter Segment Information

    FYE2022 2nd Quarter Segment Information FYE2021 2Q Results FYE2022 2Q Results 【Billion JPY】 Revenue（YoY+408.8） Operating Profit （YoY＋123.6） +107.7 +219.3 59.9 1,064.8 -3.1 845.5 +20.9 +69.7 +1.8 19.4 +14.2 16.3 18.1 +38.6 +67.0 +2.7 283.3 213.6 196.9 2.2 182.7 0.4 161.1 158.4 122.5 91.4 -2.8 -6.8 -9

  7. Slide 7: 2nd Quarter Analysis of Operating Profit

    FYE2022 2nd Quarter Analysis of Operating Profit 【vs. July 2021 announcement】 【Billion JPY】 【+ 1.0】 【+ 3.1】 +6.0 【- 44.9】 +21.0 -16.9 【+ 2.0】 85.1 【-51.0】 +8.5 + 105.0 -38.5 FYE2021 Sales & FX Impact Cost structure Structural Expenditure FYE2022 2Q Result Product mix Improvement reforms for Key area

  8. Slide 8: Consolidated Financial Forecast (FYE2022)

    Consolidated Financial Forecast (FYE2022) October 29, 2021 / © AISIN CORPORATION All Rights Reserved. 7/22

  9. Slide 9: Forecast Financial Summary

    FYE2022 Forecast Financial Summary （ ）shows rate to Revenue % 【Billion JPY】 FYE2021 FYE2022 Change rate (Prior announcement) Change @ April 28th 2021 Results Forecast % Revenue 3,525.7 - 3,950.0 - +424.3 +12.0 3,950.0 - Operating Profit 145.3 (4.1) 220.0 (5.6) +74.7 +51.4 220.0 (5.6) Profit before i

  10. Slide 10: Revenue by Customer

    FYE2022 Revenue by Customer Mobility 【Billion JPY】 Energy Solutions and others 3,950.0 Revenue by Customer（Other OEMs） 3,525.7 118.0 FYE2021 FYE2022 (3.0%) Customer Change Results Forecast 109.2 (3.1%) Stellantis 193.9 253.0 +59.1 VW&Audi 240.0 245.0 +5.0 1,429.0 (36.2%) VOLVO 115.2 121.0 +5.8 1,275

  11. Slide 11: Segment Information

    FYE2022 Segment Information FYE2021 Results FYE2022 Forecast 【Billion JPY】 Revenue （YoY+424.3） Operating Profit （YoY＋74.7） +206.4 +37.7 142.5 2,240.0 2,033.6 104.8 +71.7 +51.2 +25.8 +28.6 +2.4 580.0 +66.6 508.3 430.0 +0.4 370.0378.8 41.0 341.4 +5.2 30.0 330.0 27.6 263.4 15.2 5.1 5.5 1.0 -4.2 Japan N

  12. Slide 12: Analysis of Operating Profit

    FYE2022 Analysis of Operating Profit 【Billion JPY】 【 vs. April 2021 announcement 】 【+ 5.0】 【+ 2.0】 【+ 6.0】 12.0 【±0.0】 45.0 -33.3 【+ 4.5】 【-17.5】 220.0 6.0 + 45.0 145.3 FYE2021 Sales & FX Cost structure Structural Expenditure FYE2022 Result Product mix Impact Improvement reforms for Key areas Foreca

  13. Slide 13: Reference information

    Reference information October 29, 2021 / © AISIN CORPORATION All Rights Reserved. 12/22

  14. Slide 14: Mobility Revenue Details (2Q Result, FY2022 Forecast)

    Revenue Details（2Q Result・FY2022 Forecast） （ ）shows composition ratio 【Billion JPY】 FYE2021 2Q FYE2022 2Q (Prior announcement) Change % @ July 30th 2021 Results Results Powertrain 792.9 1,057.3 (56.7) +264.4 +33.3 1,169.5 Chassis & Vehicle 385.8 Safety systems 270.3 354.0 (19.0) +83.7 +31.0 Mobility

  15. Slide 15: CAPEX / Depreciation / R&D

    CAPEX / Depreciation / R&D 【Billion JPY】 By Sub-group FYE2021 2Q FYE2022 2Q FYE2022 By business company Results Results Forecast AISIN SEIKI-G 30.8 Powertrain 43.8 104.8 Chassis & Vehicle AW-G 44.4 Safety systems 26.4 46.9 CAPEX ADS-G 12.4 Body 13.9 28.1 Others 0.8 CSS* & Others 17.5 55.2 Total 88.4

  16. Slide 16: 2nd Quarter Segment by Region

    FYE2022 2nd Quarter Segment by Region 【Billion JPY】 FYE2021 2Q FYE2022 2Q Change Region Change Results Results FX Others Japan 845.5 1,064.8 ＋ 219.3 - +219.3 North America 213.6 283.3 ＋ 69.7 +7.6 +62.1 122.5 161.1 ＋ 38.6 +1.4 +37.2 Revenue Europe China 182.7 196.9 ＋ 14.2 +19.9 -5.7 Asia & Others 91.

  17. Slide 17: Forecast Segment by Region

    FYE2022 Forecast Segment by Region 【Billion JPY】 FYE2021 FYE2022 Change Region Change Results Forecast FX Others Japan 2,033.6 2,240.0 +206.4 - +206.4 North America 508.3 580.0 +71.7 +9.0 +62.7 341.4 370.0 +28.6 +1.5 +27.1 Revenue Europe China 378.8 430.0 +51.2 +25.5 +25.7 Asia & Others 263.4 330.0

  18. Slide 18: Highlights of Financial Performance

    Highlights of Financial Performance R&D expenditure Revenue／Operating Profit／Operating profit ratio ／Ratio of R&D expenditure to revenue Revenue Operating Profit Operating profit ratio R&D expenditure Ratio of R&D expenditure to revenue 【%】 【Billion JPY】 【%】 【Billion JPY】 4,043.1 202.1 205.8 3,950.0

  19. Slide 19: Toyota production・Powertrain Unit Sales

    Toyota production・Powertrain Unit Sales 【10,000 Unit】 Toyota production Volume Powertrain Unit Sales Volume （）shows number of E-Four(capacity of intermediate and above) Domestic Overseas 983 999 904 888 892 906 893 （8） 816 578 591 567 526 314 315 326 290 FYE2018 FYE2019 FYE2020 FYE2021 FYE2018 FYE20

  20. Slide 20: Half Yearly Performance

    Half Yearly Performance Revenue Revenue Powertrain Unit sales （）shows number of E-Four (capacity of intermediate and above) 【Billion JPY】 【10,000 Unit】 531 528 516 （6） （9） 506 493 446 458 469 467 （8） 2,000.0 357 （2） 1,000.0 1,855.1 2,053.8 1,994.4 2,048.7 1,913.7 1,870.8 2,069.8 1,864.7 2,085.3 1,45

  21. Slide 21: Quarterly Performance

    Quarterly Performance Revenue 【単位：億円】 Revenue Powertrain Unit sales （）shows number of E-Four (capacity of intermediate and above) 【10,000 Unit】 【Billion JPY】 274 258 1,800.0 258 260 （3） 243 258 246 246 247 236 220 （3） （4） 227 233 234 226 220 222 （2） （4） 1,200.0 137 （0） 600.0 938.0 1,030.2 986.5 1,02

  22. Slide 22: Capital policy

    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*1 as an important financial index to assess our capital structure, and believe the ratio from 25% to 30% represents opt

  23. Slide 23: Return to Shareholders

    Return to Shareholders Our “Return to shareholders” policy is to achieve steady dividend payout with a dividend payout ratio of around 30%. We also consider to repurchase Treasury Stock based on our capitalization ratio and future investment trends. Profit before income taxes／ EPS Dividends per shar

  24. Slide 24: Note on future predictions

    【Note on future predictions 】 Excluding matters related to past and current facts, the business results forecasts and forward-looking estimates, strategies and targets disclosed by the Company are estimates regarding the future. These estimates are formulated from plans, expectations and judgments m

Aisin — Q2 FYE2022 Earnings Presentation on 6ix