Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — Q2 FY2016 Earnings Presentation
19 slides from Aisin's earnings presentation, Oct 30, 2015
Slide 1: FY2016 2nd quarter Consolidated Financial Report
FY2016 2nd quarter Consolidated Financial Report (April 1, 2015 through September 30 , 2015) October 30, 2015 AISIN SEIKI Co., Ltd. (http://www.aisin.com/) － 1 －
Slide 2: FY2016 2nd quarter Overview of Financial Results
FY2016 2nd quarter Overview of Financial Results ①Total Sales increased from last year due to the support of favorable tendency of the market in North America and Europe, an steady increase of sales in China, and weakness of JPY. ②Operating income increased from last year due to a cost structure imp
Slide 3: Consolidated Operating Results (FY2016 2Q – 6 months)
Consolidated Operating Results ( FY2016 2Q – 6 months) Billion ｙen Net Sales Operating Income Net Income + 124.9 billion yen （ +8.7%） +3.0 +1.2 70.5 73.5 36.6 37.8 FY2015 2Q FY2016 2Q FY2015 2Q FY2016 2Q 1,559.7 Ordinary Income EPS 1,434.8 -3.4 81.3 77.9 129.93yen 133.83yen FY2015 2Q FY2016 2Q FY201
Slide 4: Sales by Customer (FY2016 2Q – 6 months)
Sales by Customer ( FY2016 2Q – 6 months) Billion ｙen FY2015 2Q 【Sales 1,434.8】 Other Manufacturers sales breakdown Life & others 52.7 518.3 Toyota Group 463.1 Ａ/Ｍ & Others Other 918.9 Manufacturers ISUZU 463.1 64.0% GM HONDA SUZUKI NISSAN +3.3 MITSUBISHI FY2016 2Q 【Sales 1,559.7】 +2.3 BMW +9.0 +10.
Slide 5: Segment Information (FY2016 2Q – 6 months)
Segment Information ( FY2016 2Q – 6 months) Net Sales Billion ｙen Operating Income 億円 Billion ｙen 700 30 FY2015 2Q FY2015 2Q 600 FY2016 2Q FY2016 2Q 893.3 25 56.0 876.0 44.4 500 20 18.6 400 15 300 281.4 273.3 228.1 9.7 205.8 10 200 7.9 128.8 107.4 5 100 3.1 2.1 1.6 0 0 Japan North Europe Asia & Japa
Slide 6: Fluctuations for Ordinary Income (FY2016 2Q – 6 months)
Fluctuations for Ordinary Income ( FY2016 2Q – 6months) 【FY2015 2Q / FY2016 2Q】 Billion ｙen Increase - 3.4 Decrease Decrease +34.2 81.3 → 77.9 -37.6 2.4 Sales fluctuation Cost structure 12.0 improvement Forex rate 18.6 1US$ ： ￥103 →￥122 1EUR ： ¥139 →￥135 Change of 1.2 material price Depreciation -14
Slide 7: Consolidated Operating Forecast (FY2016 – 12 months)
Consolidated Operating Forecast ( FY2016 – 12 months) ※Due to a change of accounting policy, the results of FY2015 reflects some retroactive adjustments. Billion ｙen Net Sales Operating Income Net Income + 235.4 billion ｙen +8.9 +16.5 （ +7.9%） 166.1 175.0 77.5 94.0 3,200.0 FY2015 FY2016 FY2015 FY201
Slide 8: Forecast of Sales by Customer (FY2016 – 12 months)
Forecast of Sales by Customer ( FY2016 – 12 months) Billion ｙen FY2015 【Sales 2,964.6】 Other Manufacturers sales breakdown Life & others 1,084.0 104.9 Toyota 978.3 Ａ/Ｍ & Others Changan Group GM Other 1,881.3 HONDA Manufacturers SUZUKI 978.3 63.5% NISSAN +11.8 MITSUBISHI +7.6 FY2016 【Sales 3,200.0】 +
Slide 9: Forecast of Segment Information (FY2016 – 12 months)
Forecast of Segment Information ( FY2016 – 12 months) Billion ｙen Billion億円 ｙen Net Sales Operating Income 1,000 FY2015 140 FY2015 1,798.9 FY2016 FY2016 1,797.0 800 120 129.9 103.1 100 600 561.0 579.0 489.3 80 451.5 400 60 47.7 263.0 224.7 40 200 24.3 21.1 20 10.8 3.4 3.1 0 0 Japan North Europe Asia
Slide 10: Forecast of Fluctuations for Ordinary Income (FY2016 – 12 months)
Forecast of Fluctuations for Ordinary Income ( FY2016 – 12 months) 【FY2015 / FY2016】 Billion ｙen Increase +1.7 Increase Decrease +71.0 188.3→ 190.0 -69.3 20.0 Sales fluctuation Cost structure 27.5 improvement Forex rate 20.0 1US$ ： ￥110 →￥121 1EUR ： ￥138 →￥133 Change of 3.5 material price Depreciati
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I AISIN SEIKI Group 180 Billion ｙen 2,000 1,490.0 150 1,353.6 1,402.5 1,500 1,195.7 2Q Sales 120 1,076.6 Operating income <729.8> 90 1,000 Ordinary income 93.0 60 84.5 Sales 69.3 72.5 56.4 59.2 58.5 500 30 52.4 48.1 45.3 2Q Income 42.6 24.2 0 0 FY
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Billion ｙen 263.8 280.0 Group 20 247.4 300 215.4 194.4 2Q Sales Operating income <138.3> 200 Ordinary income 10 12.3 12.5 11.2 11.2 Sales 8.7 8.9 9.5 9.3 9.3 9.1 100 4.4 3.8 2Q Income 0 0 FY2012 FY2013 FY2014 FY2015 FY2016 (Forecas
Slide 13: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ ADVICS Group <2,772> <3,076> Billion 億円 ｙen 2Q Sales Operating income <272.0> Ordinary income Sales 2Q Income 4.2 4.0 (Forecast) 億円 億円 AISIN HOLDINGS 150 <1,783> <1,873> 1Q売上 OF AMERICA 1,972 1,577 < 409 > 100 2,478 1,319 2,000 - サブ連結 1,378 50 1
Slide 14: Capital Expenditure
Capital Expenditure Depreciation Billion ｙen 250 200 195.0 139.2 149.0 161.0 150 137.7 100 Capital Expenditure 315.0 247.8 195.0 204.7 150.7 (Forecast) － 14 －
Slide 15: R & D Expenditure
R & D Expenditure R & D Expenditure / Net Sales ％ 8.0 7.0 6.0 5.3 ％ 5.3 ％ 5.1 ％ 5.0 ％ 5.0 ％ 5.0 4.0 R & D Expenditure Billion ｙen 160.0 144.3 149.1 135.0 121.4 (Forecast) － 15 －
Slide 16: Production
Production 10,000 of units ＡＴ Production ＭＴ Production 658 687 740 545 214 626 164 161 144 162 2nd H 2nd H 1st H 352 78 1st H (Forecast) (Forecast) Navigation System Production Navigation Soft Production 150 135 135 140 128 124 60 60 2nd H 100 56 65 80 65 50 2nd H 22 1st H 790 63 59 60 34 1st H 0 (F
Slide 17: TOYOTA Motors Production
TOYOTA Motors Production TOYOTA Motors Production 10,000 of units 901 899 907 859 (Forecast) － 17 －
Slide 18: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate 145 135yen 138yen 133yen 120 107yen 110yen 100yen 121yen EUR 95 83yen USD 70 CNY 25 19.2yen 20 16.5yen 18.0yen THB 15 13.1yen 10 3.2yen 3.4yen 3.4yen 5 2.6yen Exchange 0 Rate after October Impacts on Operating Income 1USD 120 yen Forex Impact on O
Slide 19: Quarterly Performance
Quarterly Performance Net Sales TOYOTA Motors Production(10,000 of units） Billion ｙen 1,000 224 224 224 226 227 223 231 224 221 219 232 220 220 195 788.0 756.4 773.2 771.7 800 714.8 720.3 727.8 699.5 687.4 707.0 655.5 636.3 639.9 598.0 600 400 200 120 Billion ｙen Operating 7.0% ％：Operating income ra