Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — FY2009 Earnings Presentation
18 slides from Aisin's earnings presentation, Apr 28, 2009
Slide 1: FY2009 Consolidated Financial Results
FY2009 Consolidated Financial Results (April (April 1, 1, 2008 2008 through through March March 31, 31, 2009) 2009) April April 28 th,, 2009 28th 2009 AISIN AISIN SEIKI SEIKI Co., Co., Ltd. Ltd. (http://www.aisin.com/) － 1 －
Slide 2: FY2009 Global Networks of the AISIN
FY2009 Global Networks of the AISIN Europe China Consolidated 18companies Consolidated 9companies AEM 2companies AEM 1company North America Consolidated 32companies AEM 1company JAPAN Asia Others AISIN SEIKI Consolidated 23companies Consolidated 69companies AEM 1company Production bases AEM 7compani
Slide 3: FY2009 Consolidated Operating Results
FY2009 Consolidated Operating Results Billion ｙen Net Sales Operating Income Extraordinary Losses - 183.8 - 486.0Billion ｙen Impairment losses on （（ --18.0 18.0 %） %） 180.4 surplus fixed assets １０Billion ｙen Consolidated rate - 3.4 3.1 FY2008 FY2009 2,700.4 2,214.4 Ordinary Income Net Income - 191.2
Slide 4: FY2009 Sales by Customer
FY2009 Sales by Customer Billion ｙen FY2008 【Sales 2,700.4】 Other Manufacturers sales breakdown Life & others 803.9 111.8 600 286.9 Ａ/Ｍ & Other Toyota 661.8 Others Manufacturers Group 500 18.2 22.1 228.4 803.9 1,784.6 40.1 Honda 38.2 -14.2 15.1 NISSAN 66.1% 400 17.5 41.3 -10.9 25.9 Volvo - 7.9 27.3
Slide 5: FY2009 Fluctuations for Ordinary Income
FY2009 Fluctuations for Ordinary Income 【FY2008 / FY2009】 Billion ｙen Increase -191.2 Decrease Decrease ＋32.1 186.3 → -4.9 -223.3 Cost reduction 32.1 Efforts Sales fluctuation -178..2 Forex rate 1US$ ：￥113→￥101 -13.4 1EUR ：￥161→￥144 Depreciation -14.6 Change of -9.7 material price Non-operational -7
Slide 6: FY2009 Segment Information
FY2009 Segment Information Net Sales Billion ｙen Operating Income Billionｙen Billion ｙen 700 50 1,862.8 FY2008 FY2009 FY2008 FY2009 128.9 600 40 37.3 34.7 1,508.9 500 30 406.3 400 20 304.8 11.0 300 10 237.4 235.7 4.0 195.4 1.4 200 163.2 0 100 -10 -7.3 -36.3 0 -20 Japan North Europe Asia & Japan Nort
Slide 7: FY2010 Forecast of Consolidated Operating Results
FY2010 Forecast of Consolidated Operating Results Billion ｙen Net Sales Operating Income Net Income - 414.4Billion ｙen -3.4 （（ --18.7 18.7 %） %） - 61.6 - 25.1 Consolidated - 24.9 rate - 65.0 - 50.0 2.9 FY2009 FY2010 FY2009 FY2010 2,214.4 Ordinary Income EPS 1,800.0 - 4.9 - 65.1 ¥ - 89.36 - 70.0 ¥ -1
Slide 8: FY2010 Forecast of Sales by Customer
FY2010 Forecast of Sales by Customer Billion ｙen FY2009 【Sales 2,214.4】 Other Manufacturers sales breakdown Life & others 661.8 500 102.6 228.4 Ａ/Ｍ & Toyota Others Other Group 15.1 Manufacturers 400 27.3 482.0 Honda 1,449.9 17.5 661.8 25.9 185.6 Daewoo 33.4 65.5% 300 -5.4 NISSAN 46.3 10.6 -12.4 11.1
Slide 9: FY2010 Forecast of Fluctuations for Ordinary Income
FY2010 Forecast of Fluctuations for Ordinary Income Billion ｙen 【 FY2009 / FY2010 】 Increase -65.1 Decrease Decrease ＋65.4 -4.9 → -70.0 -130.5 Cost structure 52.9 Improvement 7.0 Depreciation 5.5 Change of material price Sales fluctuation -120.0 Forex rate 1US$ ： ￥101 →￥95 1EUR ： ￥144 →￥125 -7.0 Non
Slide 10: FY2010 Forecast of Segment Information
FY2010 Forecast of Segment Information Net Sales Billion ｙen Operating Income Billionｙen Billion ｙen 700 1,508.9 FY2009 FY2010 40 FY2009 FY2010 34.7 600 1,305.6 30 500 20 15.6 400 304.8 10 300 237.4 1.4 1.1 186.2 0 200 163.2 175.5 132.5 -10 -7.3 100 -12.8 -36.3 -68.9 0 -20 Japan North Europe Asia &
Slide 11: Financial Results of the Main Consolidated Companies I
Appendix) Financial Results of the Main Consolidated Companies I AISIN SEIKI 878.9 Billion yen 70 786.9 714.7 720.5 800 50 620.0 Operation income Ordinary income 30 41.9 46.3 600 28.536.8 35.5 10.9 Sales 10 35.2 400 -10 -15.0 200 -30 -30.0 -27.0 -50 06/3 07/3 08/3 09/3 10/3 0 <7,121> Billion yen AIS
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka 261.7 Billion yen 228.7 Group 20 219.4 228.2 250 Operation income Ordinary income 16.2 166.0 200 Sales 10 14.7 11.212.6 11.011.9 150 1.7 0.1 100 0 -3.0 -3.5 50 -10 06/3 07/3 08/3 09/3 10/3 0 Billion yen AISIN AＩ Group 20 188.0 200
Slide 13: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ Billion yen <3,076> Billion ｙen ADVICS Group 417.2 <2,772> 374.4 359.5 338.6 300.1 400 Operation income 6 Ordinary income 5.8 5.6 300 Sales 4.0 4.0 1.1 0.9 1 2.5 2.2 200 100 -1.5 -2.4 -4 06/3 07/3 08/3 09/3 10/3 0 Billion Billion yenｙen AISIN HO
Slide 14: Capital expenditure and Depreciation
Capital expenditure Depreciation Billion yen 167.4 182.0 175.0 180 145.2 123.0 130 80 Capital expenditure 259.5 Europe /Asia 240 220.2 197.8 212.0 AHA-G Oth er Domestic 200 AISIN Takaoka- G 21.8 160 AISIN AW-G AISIN SEIKI 120 106.3 39.9 100.0 23.1 29.6 80 35.5 55.4 36.2 9.6 40 18.1 57.5 48.2 51.0 43
Slide 15: R & D Expenditure
R & D Expenditure R & D Expenditure / Net Sales ％ 8.0 ％ 7.0 5.2 ％ 6.1 6.0 ％ 5.0 4.5 4.4 ％ 4.3 ％ 4.0 R & D Expenditure Billion yen 125 115.3 115.9 103.7 110.0 100 95.1 Others 48.6 50.4 4 5 .9 AISIN AW-G 75 42.9 39.7 50 16.1 15.3 13.4 14.7 15.3 ADVICS 25 32.7 37.4 40.9 40.9 40.4 AISIN SEIKI 0 FY2006 F
Slide 16: Production
Production ＡＴ Production ＭＴ Production 10,000 of units 600 586 217 214 537 545 200 169 173 436 400 282 299 376 1502nd H 116 139 2nd H 169 90 69 100 200 1st H 1st H 255 287 267 50 79 101 104 0 0 FY2007 FY2008 FY2009 FY2010 FY2007 FY2008 FY2009 FY2010 Navigation Production 150 135 127 120 104 103 100
Slide 17: Assumptions
Assumptions 10,000 of units TOYOTA Motors Production 826 880 800 697 620 Domestic production 414 421 335 275 400 CKD+overseas 412 459 362 345 production 0 FY2007 FY2008 FY2009 FY2010 － 17 －
Slide 18: Basis of foreign currency exchange rate
Basis of foreign currency exchange rate Foreign Exchange Rate 165 150yen 161yen 144yen 1USD 140 125yen 116yen 113yen 101yen 1EUR 115 95yen 90 20 14.6yen 15.5yen 14.9yen 1THB 15 14.3yen 10 1CNY 3.1yen 3.7yen 3.2yen 2.7yen 5 0 Impacts on operating income Forex Impact on Operating Income per 1(or 0.1)