Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — FY2019 Q2 Earnings Presentation
26 slides from Aisin's earnings presentation, Oct 31, 2018
Slide 1: FY2019 2nd Quarter Consolidated Financial Results
FY2019 2nd Quarter Consolidated Financial Results October 31st, 2018 AISIN SEIKI Co., Ltd. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain assumptions that the Company considers reasonable. The Company does not
Slide 2: Contents
Contents 1.Consolidated Operating Results (FY2019 2nd Quarter) P.2-8 2.Consolidated Operating Forecast (FY2019- 12 months) P.9-14 3.Reference Information P.15-25 1/25
Slide 3: 1. Consolidated Operating Results (FY2019 2nd Quarter)
1.Consolidated Operating Results (FY2019 2nd Quarter) 2/25
Slide 4: FY2019 2nd Quarter Overview of Financial Results
FY2019 2nd Quarter Overview of Financial Results 1. Revenue for FY2019 2nd quarter is the highest ever before, due to the increase of AT and Body parts sales. 2. Operating profit for FY2019 2nd quarter is also the highest ever before, due to the increase of sales and the cost structure improvement e
Slide 5: Consolidated Operating Results (FY2019 2nd Quarter)
Consolidated Operating Results (FY2019 2nd Quarter) FY2018 2Q FY2019 2Q Change FY2019 2Q Rate to Rate to Disclosed Rate to Results Results Amount % forecast in Revenue (Billion yen) sales % sales % July % Revenue 1,855.1 - 1,994.4 - +139.3 +7.5 1,990.0 - Operating Profit 108.0 5.8 123.2 6.2 +15.2 +1
Slide 6: Sales by Customer (FY2019 2nd Quarter)
Sales by Customer(FY2019 2nd Quarter) FY2018 2nd Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 57.9 101.9 ⇒ 139.8 (+37.9) (3.1%) 810.0 Other Toyota 800 +106.9 Auto Makers Group 1,855.1 703.1 202.6 その他 +24.8 703.1 1,094.0 (37.9%) (59.0%
Slide 7: Segment Information (FY2019 2nd Quarter)
Segment Information (FY2019 2nd Quarter) Revenue (+139.3) Operating Profit (+ 15.2) (Billion yen) +64.9 FY2018 2Q FY2019 2Q (Billion yen) FY2018 2Q FY2019 2Q 1,200 FX Other 80 -0.8 FX Other 1,153.2 Impact factors Impact factors 1,088.3 Japan - +64.9 71.2 70.4 Japan +1.0 -1.8 70 North North America ±
Slide 8: Fluctuations for Operating Profit (FY2019 2nd Quarter)
Fluctuations for Operating Profit (FY2019 2nd Quarter) FY2018 2Q / FY2019 2Q (Billion yen) -1.7 +15.5 -5.2 material price Change of Depreciation -24.6 improvement Cost structure +29.0 +2.2 Fixed cost & others 121.0 123.2 FX impact Operating Profit 108.0 Sales fluctuation (Except non-ordinary factors
Slide 9: Fluctuations for Operating Profit vs July Forecast
Fluctuations for Operating Profit (FY2019 2nd Quarter) FY2019 2Q(Forecast in July) / FY2019 2Q(Result) (Billion yen) +3.1 123.2 -3.5 +4.2 120.1 FX impact Operating Profit 120.0 -0.5 -0.5 +0.4 (Except non-ordinary factors) Operating Profit Sales fluctuation Fixed cost (Forecast) Operating Profit impr
Slide 10: 2. Consolidated Operating Forecast (FY2019 - 12 months)
2.Consolidated Operating Forecast (FY2019 - 12 months) 9/25
Slide 11: Consolidated Operating Forecast (FY2019 - 12 months)
Consolidated Operating Forecast (FY2019 - 12 months) FY2018 FY2019 Change FY2019 Rate to Rate to Forecast Rate to (Billion yen) Results Revenue % Forecast Revenue % Amount % sales % in April Revenue 3,908.9 - 4,000.0 - +91.1 +2.3 3,980.0 - Operating Profit 253.8 6.5 234.0 5.9 -19.8 -7.8 255.0 6.4 Pr
Slide 12: Forecast of Sales by Customer (FY2019 - 12 months)
Forecast of Sales by Customer (FY2019 - 12 months) FY2018 Revenue Other Auto Makers sales breakdown Life & others Chinese OEMs Total (Billion yen) (Billion yen) 122.5 230.1⇒259.7(+29.6) (3.1%) 1,800 +80.7 1,600.0 Other 1,600 1,519.3 Auto Makers Toyota 1,519.3 3,908.9 Group +31.5 1,400 408.0 Others (
Slide 13: Forecast of Segment Information (FY2019 - 12 months)
Forecast of Segment Information (FY2019 - 12 months) +4 Revenue (+91.1) Operating Profit (- 19.8) (Billion yen) +52.3 (Billion yen) -27.0 2,600 FY2018 FY2019 FY2018 FY2019 FX Other FX Other 2,400 2,300.7 2,353.0 169.8 Impact factors Impact factors Japan - +52.3 160 Japan -2.4 -24.6 2,200 North Ameri
Slide 14: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2019 - 12 months) FY2018 / FY2019 (Billion yen) -7.0 +36.0 -18.6 material price Change of +8.5 -35.5 Depreciation improvement Cost structure 253.8 -3.2 Sales fluctuation Fixed cost & others 237.2 234.0 FX impact Operating Profit non-ordinary factors)
Slide 15: Forecast of Fluctuations for Operating Profit vs April Forecast
Forecast of Fluctuations for Operating Profit (FY2019 - 12 months) FY2019(Forecast in April) / FY2019 (Forecast) (Billion yen) 255.0 -24.5 (Forecast in April) Operating Profit +1.0 +3.0 -5.7 +5.2 234.0 Depreciation Sales fluctuation 228.8 material price Change of FX impact (Forecast) Operating Profi
Slide 16: 3. Reference Information
3.Reference information 15/25
Slide 17: Capital Expenditure/Depreciation/R&D Expenditure
Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure (Billion yen) （）: Rate to sales 390.0 Others ADS-G 34.6 AW-G AISIN SEIKI-G 294.1 260.3 155.0 237.4 232.0 23.7 213.4 19.0 197.1 (5.0%) 186.1 (4.7%) 200.0 39.7 (5.0%) (4.7%) 182.9 22.7 22.1 123.2 87.3 18
Slide 18: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota global production production production (10,000 Unit) 4Q 3Q 887 909 892 897 2Q 1Q 225 215 220 225 573 596 578 586 135 144 137 136 220 227 232 226 140 151 151 150 314 313 314 311 80 81 83 232 231 223 222 89 152 148 147 149 80 76 81 76 80 83
Slide 19: Sales Number
Sales Number 2nd H AT sales MT sales (10,000 Unit) (10,000 Unit) 983 1,000 1,000 200 178 869 160 165 164 800 737 258 234 494 150 39 40 39 96 600 191 258 224 100 43 45 48 400 194 246 207 234 41 39 34 39 200 172 50 180 204 233 260 37 42 42 43 0 0 FY2016 FY2017 FY2018 FY2019 FY2016 FY2017 FY2018 FY2019
Slide 20: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 145 132 130 130 119 120 120 EUR 95 109 111 110 USD 70 25.0 18.8 CNY 20.0 16.1 16.8 16.4 THB 15.0 10.0 3.4 3.1 3.4 3.4 5.0 0.0 FY2016 FY2017 FY2018 FY2019 (Forecast) Impacts on Forex Impact on Operating Operating Profit profit per 1(or 0.1) y
Slide 21: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group 4.7% 4.9% 4.4% 4.1% (Billion yen) (Billion yen) ◆ ◆ ◆ 150 2,000 ◆ 1,641.9 1,776.2 1,760.0 120 1,503.0 1,500 80.5 78.0 2nd H 886.3 72.0 90 70.8 1,000 60 41.3 500 1st H 873.7 30 30.7 0 0 FY2016 FY2017 FY2018 FY2019(Forecast) AISI
Slide 22: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group 4.5% (Billion yen) (Billion yen) ◆ 4.1% 4.3% 3.2% ◆ 30 400 ◆ ◆ 295.7 319.4 300 275.9 273.0 20 2nd H 161.4 13.6 200 12.3 11.9 8.8 10 7.8 100 1st H 158.0 5.8 0 0 FY2016 FY2017 FY2018 FY2019(Forecast) AISIN AI Group (Billion yen
Slide 23: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ ADVICS Group (Billion yen) 2.8% (Billion yen) 1.7% 1.1% 1.7% ◆ 800 30 ◆ ◆ ◆ 600 551.6 555.4 586.5 579.4 16.0 20 2nd H 286.8 400 9.2 10.1 7.5 10 200 6.1 1st H 292.6 8.5 0 0 FY2016 FY2017 FY2018 FY2019(Forecast) 22/25
Slide 24: Quarterly Performance
Quarterly Performance Revenue (10,000 Unit) (Billion yen) 1,800.0 232 226 231 227 225 224 250 220 220 215 217 223 232 220 222 200 1,200.0 1,023.5 1,030.2 1,007.9 986.5 907.5 957.5 917.0 938.0 792.2 843.5 838.9 838.6 858.8 150 771.2 600.0 100 50 0.0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2016
Slide 25: Half Yearly Performance
Half Yearly Performance Revenue (10,000 Unit) (Billion yen) 3,000 451 457 452 440 452 446 451 480 436 2,400 2,053.8 1,994.4 2,005.5 360 1,697.5 1,865.0 1,855.1 1,800 1,563.4 1,682.5 240 1,200 600 120 0 0 1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H(Forecast) FY2016 FY2017 FY2018 FY2019 Operating
Slide 26: Dividend per Share
Dividend per Share * The results before FY2015 are based on JGAAP and the others are based on IFRS. FY2019 FY2014 FY2015 FY2016 FY2017 FY2018 (Forecast) Interim 35 45 50 50 60 60 Dividend (yen) Year-end 60 50 50 75 90 90 Total 95 95 100 125 150 150 Dividend Payout Ratio 29.7% 34.7% 28.2% 28.1% 30.6%