Aisin Corporation · TSE:7259

Aisin — Q3 FYE2022 Earnings Presentation

29 slides from Aisin's earnings presentation, Feb 2, 2022

  1. Slide 1: Fiscal Year Ended March 2022 3rd Quarter Financial Results

    For the Fiscal year Ended March 31, 2022 3 rd Quarter (April 1st, 2021 to December 31st, 2021) Financial Results February 2 nd, 2022 AISIN CORPORATION For the Fiscal year Ended March 31, 2022 3rd Quarter Financial Results/ 2022.2.2 / © AISIN CORPORATION All Rights Reserved.

  2. Slide 2: FYE2022 3rd Quarter Overview of Financial Results

    FYE2022 3 rd Quarter Overview of Financial Results Sales revenue and operating profits increased compared to the same period of the previous 3rd year due to the strengthening response to production volume fluctuations and effects of Quarter structural reforms in addition to the effects of yen deprec

  3. Slide 3: Consolidated Financial Result (FYE2022 3rd Quarter)

    Consolidated Financial Result (FYE2022 3 rd Quarter) For the Fiscal year Ended March 31, 2022 3rd Quarter Financial Results / 2022.2.2 / © AISIN CORPORATION All Rights Reserved. 1

  4. Slide 4: 3rd Quarter Results Financial Summary

    FYE2022 3 rd Quarter Results Financial Summary （ ）shows rate to Revenue % 【Billion JPY】 FYE2021 3Q FYE2022 3Q Change rate (Ref.)@Oct announcement Change Results Results ％ FYE2022 3Q Forecast Revenue 2,504.4 - 2,868.3 - +363.9 +14.5 2,850.0 - Operating Profit 49.3 (2.0) 139.1 (4.9) +89.8 +181.8 130.0

  5. Slide 5: Quarterly Revenue and Operating Profit

    Quarterly Revenue and Operating profit 【Billion JPY】 FYE2020 FYE2021 FYE2022 【 】Toyota production Volume (10,000 unit) 【 】Powertrain Unit Sales Volume (10,000 unit) include E-Four (capacity of intermediate and above) 【233】 【123】 【226】 【228】 【223】 【211】 【224】 【245】 【241】 【208】 【225】 【226】 【137】 【243】

  6. Slide 6: FYE2022 3rd Quarter Revenue by Customer

    FYE2022 3 rd Quarter Revenue by Customer Mobility 【 Billion JPY 】 Energy Solutions and others Revenue by Customer（Other OEMs） 2,868.3 87.3 FYE2021 FYE2022 Change rate Customer Change 2,504.4 (3.0%) 3Q Results 3Q Results (%) 80.9 VW & Audi 178.3 174.7 -3.6 -2.0 (3.2%) Stellantis 129.1 166.6 +37.5 +29

  7. Slide 7: FYE2022 3rd Quarter Segment Information

    FYE2022 3 rd Quarter Segment Information FYE2021 3Q Results FYE2022 3Q Results 【 Billion JPY 】 Revenue（YoY＋363.9） Operating Profit （YoY ＋89.8） +173.9 +76.1 91.8 1,620.7 1,446.8 -5.1 +29.1 +59.8 +33.9 +85.5 34.3 31.1 +10.9 -0.1 29.2 423.7 325.4 15.7 -6.0 363.9 291.5 230.5241.4 257.0 3.1 3.0 2.0 171.5

  8. Slide 8: FYE2022 3rd Quarter Analysis of Operating Profit

    FYE2022 3 rd Quarter Analysis of Operating Profit 【vs. October 2021 announcement】 【+ 1.0】 【+ 4.6】 【 Billion JPY 】 +10.0 -17.7 【+ 9.1】 +32.0 【+ 7.5】 139.1 【-4.0】 +16.5 + 49.0 49.3 FYE2021 Sales & Product FX Impact Cost structure Structural reforms Expenditure for FYE2022 3Q Result mix etc. Improvemen

  9. Slide 9: Consolidated Financial Forecast (FYE2022)

    Consolidated Financial Forecast (FYE2022) For the Fiscal year Ended March 31, 2022 3rd Quarter Financial Results / 2022.2.2 / © AISIN CORPORATION All Rights Reserved. 2

  10. Slide 10: Forecast Financial Summary

    FYE2022 Forecast Financial Summary （ ）shows rate to Revenue % 【Billion JPY】 FYE2021 FYE2022 Change rate (Ref.)@Oct announcement Change Results Forecast ％ FYE2022 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

  11. Slide 11: FYE2022 Revenue by Customer

    FYE2022 Revenue by Customer Mobility 【 Billion JPY 】 Energy Solutions and others Revenue by Customer（Other OEMs） 3,950.0 Customer FYE2021 FYE2022 Change Change rate (ref.)@Oct Results Forecast (%) announcement 3,525.7 120.0 (3.0%) Stellantis 193.9 253.0 +59.1 +30.5 253.0 109.2 VW & Audi 240.3 214.0

  12. Slide 12: FYE2022 Segment Information

    FYE2022 Segment Information FYE2021 Results FYE2022 Forecast 【 Billion JPY 】 Revenue（YoY＋424.3） Operating Profit （YoY＋74.7） +206.4 +40.2 145.0 2,240.0 2,033.6 104.8 +29.8 +66.7 +4.4 +3.6 +61.2 +86.6 45.0 -0.1 575.0 27.632.0 508.3 440.0 -2.8 15.2 345.0 378.8 350.0 5.1 5.0 341.4 263.4 -4.2 -7.0 Japan

  13. Slide 13: FYE2022 Analysis of Operating Profit

    FYE2022 Analysis of Operating Profit 【 Billion JPY 】 【vs. October 2021 announcement 】 【+ 3.0】 【± 0.0】 +15.0 -33.3 【+ 12.0】 +45.0 【-15.0】 220.0 +18.0 + 30.0 145.3 FYE2021 Sales & FX Cost structure Structural Expenditure FYE2022 Result Product mix Impact Improvement reforms for Key areas Forecast etc.

  14. Slide 14: Electrification Topics

    Electrification Topics For the Fiscal year Ended March 31, 2022 3rd Quarter Financial Results / 2022.2.2 / © AISIN CORPORATION All Rights Reserved. 3

  15. Slide 15: Efforts for Electrification in the Mobility Field

    2021/Nov Efforts for Electrification in the Mobility Field ESG Conference Contribute to optimal energy utilization of the entire vehicle with a wide range of products Electric Unit Control Brake ■Highly efficient/small-size eAxle ■Regenerative cooperative brake Having a full lineup Having a full lin

  16. Slide 16: Electric Unit Lineup

    2021/Nov Electric Unit Lineup ESG Conference 2020 2025 2030 Small 2M-HEV High efficiency/low cost Model development Pursuit of better fuel and efficiency medium Pursuit of better FF PHEV electric mileage PHEV EV affinity HEV Large The charm of 1M-PHEV premium motion Hybrid trans- mission FR 1M-HEV M

  17. Slide 17: Topics

    Topics ■Expansion of sales トピックス ・Regarding to electric drive units (eAxle・HEV), we are at the stage of discussing specific specifications with about 10 various OEMs. ■Resources shift ・Cumulative investment of 270 billion yen over the next five years ・Shifting 1,500 development and production techno

  18. Slide 18: Reference information

    Reference information For the Fiscal year Ended March 31, 2022 3rd Quarter Financial Results / 2022.2.2 / © AISIN CORPORATION All Rights Reserved. 4

  19. Slide 19: Mobility Revenue Details

    Revenue Details（3Q Result・FYE2022 Forecast）（ ）shows composition ratio 【Billion JPY】 FYE2021 3Q FYE2022 3Q Change % Results Results Powertrain 1,385.1 1,623.8 (56.6) +238.7 +17.2 Chassis & Vehicle 459.2 556.3 (19.4) +97.1 +21.1 Mobility Safety systems Body 498.3 531.0 (18.5) +32.7 +6.6 CSS* & Others

  20. Slide 20: CAPEX / Depreciation / R&D

    CAPEX / Depreciation / R&D 【Billion JPY】 By Sub-group FYE2021 3Q FYE2022 3Q FYE2022 By Business company Results Results Forecast AISIN SEIKI-G 45.4 Powertrain 66.0 99.0 Chassis & Vehicle AW-G 55.7 Safety systems 36.1 47.5 CAPEX ADS-G 17.7 Body 20.9 28.5 Others 5.6 CSS* & Others 24.3 60.0 Total 124.4

  21. Slide 21: 3rd Quarter Segment by Region

    FYE2022 3 rd Quarter Segment by Region 【 Billion JPY 】 FYE2021 3Q FYE2022 3Q Region Change Results Results FX Others Japan 1,446.8 1,620.7 +173.9 - +173.9 North America 363.9 423.7 +59.8 +19.2 +40.6 Revenue Europe 230.5 241.4 +10.9 +2.0 +8.9 China 291.5 325.4 +33.9 +34.0 -0.1 Asia & Others 171.5 257

  22. Slide 22: Forecast Segment by Region

    FYE2022 Forecast Segment by Region 【 Billion JPY 】 FYE2021 FYE2022 Region Change Results Forecast FX Others Japan 2,033.6 2,240.0 +206.4 - +206.4 North America 508.3 575.0 +66.7 +26.0 +40.7 Revenue Europe 341.4 345.0 +3.6 +1.8 +1.8 China 378.8 440.0 +61.2 +41.3 +19.9 Asia & Others 263.4 350.0 +86.6

  23. Slide 23: 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 3,9

  24. Slide 24: 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 999 983 904 888 892 906 893 （8） 816 578 591 567 526 314 315 326 290 FYE2018 Result FYE2019 Result FYE2020 Result

  25. Slide 25: Half Yearly Performance

    Half Yearly Performance Revenue Revenue Powertrain Unit Sales（）shows number of E-Four (capacity of intermediate and above)【10,000 Unit】 【Billion JPY】 531 516 506 （6） 508 493 469 （9） 467 458 446 （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 1,455.

  26. Slide 26: Quarterly Performance

    Quarterly Performance Revenue Revenue Powertrain Unit Sales（）shows number of E-Four (capacity of intermediate and above) 【 10,000 Unit 】 【 Billion JPY 】 274 258 270 1,800.0 258 258 260 246 246 247 （3） （3） 243 227 238 （5） 233 234 226 236 222 220 （4） 220 （2） （4） （4） 1,200.0 137 （0） 600.0 938.0 1,030.2

  27. Slide 27: 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

  28. Slide 28: 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

  29. Slide 29: 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 — Q3 FYE2022 Earnings Presentation on 6ix