Slide 1: FY2021 3rd Quarter Financial Results
DENSO Crafting the Core FY2021 3rd Quarter Financial Results (2020/4-2020/12) Feb. 2, 2021 DENSO CORPORATION
Slide 2: Overview of FY2021 3rd Quarter Financial Results
Overview of FY2021 3rd Quarter Financial Results 1. Despite a steady recovery in revenue, the 3rd quarter(3Q) revenue decreased year-on-year due to a significant decline in the 1Q. Operating profit turned to the black in the 3Q due to an increase in revenue and the effects of emergency measures and
Slide 3: FY2021 3rd Quarter Financial Results (2020/4-2020/12)
FY2021 3rd Quarter Financial Results(2020/4-2020/12) (Ratio to Revenue) [Unit : Billions of Yen] 2019/4-2019/12 2020/4-2020/12 Change Revenue 3,895.0 3,508.6 -386.4 -9.9% Operating Profit (4.2%) 162.7]}(1.9%) 66.6 -96.1] -59.0% Profit before Income Taxes (5.1%) 197.6](2.8%) 99.1 -98.5]} -49.9% Profi
Slide 4: Trend of Quarterly Revenue and Operating Income
Trend of Quarterly Revenue and Operating Income [vs. previous year] Sales 1Q 2Q 3Q <Yearly Forecast> FYi9 FY20 FY19 FY20 Fyi9 FY20 [1,324.1] |765.1] [1,294.3]|1,309.6] [1,276.6]/1,433.9] Sales 4,740.0 [100] [58] [100] [101] [100] [112] [vs 2Q disclosure] [+200.0] Operating profit Profit 150.0 (Exe.
Slide 5: FY2021 3rd Quarter Consolidated Revenue (By Customer)
FY2021 3rd Quarter Consolidated Revenue (By Customer) ():Change INCR/DECR exdudes Forex diff. (Unit: Billions of Yen) \ _ " £39(3month) ():Change from previous year | [ ]:Change from previousyear | Revenue 3,895.0 > 3,508.6 (-9.9%) | [-8.7%] excludes FX difference Hl *13.3% Toyota group 1,864.1 > 1,
Slide 6: FY2021 3rd Quarter Consolidated Revenue (By Product)
3,895.0 3,508.6 — *13.3% 130.50 Cees 237.1 (FAand agricultureetc.) (-11.5%) | [-10.5%] patti (-3.6%) | [-3.0%] Sensor & Semiconductor (0.5%) | [0.2%] *7.2% Electrification Gysteuns (0.2%) [0.8%] *28.1% Mobili Hlectronics (-7.0%) | [-5.7%6] *12.2% Powertrain # ¥ Systems (-15.4%) | [-14.1%] *8.7% Ther
Slide 7: Change in FY2021 3rd Quarter Operating Profit
Change in FY2021 -13.0 | +5.5 Labor | Expenses Cost -22.0 +37.5 162.7 +42.0 Depreciation Variable 3rd Quarter Operating Profit 321.6 (Unit: Billion of yen) +107.5 +1.4 Others Emergency Measures Corporate Reform Quality cost Cost Provision reduction Increase of Profitability fixed cost improvement 66
Slide 8: Geographical Segments by Company Location
Geographical Segments by Company Location Excluding FX difference (109JPY/1USD, 121JPY/1EUR) Operatin Unit: Billions of Yen Revenue P , Me Profit [ |: Ratio to Revenue 3,000 a5% 19/4-19/12 -12.5% ©19/4-19/12 . m 20/4-20/12 100 83.3 m 20/4-20/12 2,432.6 2500 | [8.3%] 75 g 2,250.0 so 4 [7.6%] 2,000 4
Slide 9: Trend of Capital Expenditures, Depreciation and R&D Expenditures
Trend of Capital Expenditures, Depreciation and R&D Expenditures 1Q announcement 500.0 [Bil.Yen] < > Ratio to 21/3F (_) Ratio to Revenue announcement] (5.3%) (5.3%)(5.4%)(5.9%)(6.9%) (9.0% 8.8%) (2.39019.9% 10.3% / 500| : 7 497.4 507.8 490.0 ra announcement 447.4 400 328.0 409.2 337.4 347.2 ta~2e 30
Slide 10: FY2021 Financial Forecast
FY2021 Financial Forecast (Ratio to Revenue) [Unit : Billions of Yen] Previous Forecast MPLS Uei ome mm 5 TOM PVM) 2999/3 actual — Change fom Revenue 4,540.0 4,740.0] +200.0| +4.4%4 5,153.5 -413.5] -8.0% Operating Profit (2.2%) 100.0}(3.2%) 150.0 +50.0) +50.0%} (1.2%) 61.1 +88.9| +145.6% Profit befo
Slide 11: Variance from previous estimation
<Appendix> Variance from previous estimation Previous 3Q Estimation|Estimation| "29° <Major difference factors > 2020/3 ; - Operating profit 61.1 61.1 - Sree ane previous year> Temporal factors COVID-19 : +43.0 (Production volume) In previous year +265.0 +265.0 +0.0 r eee. Production volume : +47.0}
Slide 12: Change in FY2021 Operating Profit
Change in FY2021 Operating Profit +102.0 (Unit: Billions of Yen) Production volume 400.0 Increase -350.0 +50.0 +43.0 Variable COVID-19 301.1 cost reduction +222.0 | 2 enses Qual -17.0-30.0 uality cost sd D provision par ae 61.1 Increase of Profitability Fixed cost improvement 46. O -50.0 +152.0 oui
Slide 13: DENSO
DENSO Crafting the Core
Slide 14: Appendix
Appendix + Pre-Conditions (Foreign Exchange Rate/Car Production) + Consolidated Revenue by Customer * Consolidated Revenue by Product + Geographical Segments by Company Location * Capital Expenditures, Depreciation and R&D Expenditures DENSO Crafting the Core
Slide 15: Pre-Conditions (Foreign Exchange Rate/Car Production)
Pre-Conditions (Foreign Exchange Rate/Car Production) F¥2021 First Hal FY2021 Second. Half F¥2021 Full Year 2 RQ Revised Forecast Forecast Por Year] Actual | Change |Prior Year] Actual | Change Prior Year| goss | Change [Prior Yeer] Actual | (ponses) | Change Prior Yea Actus | (poe | Change Foreign
Slide 16: Consolidated Revenue (By Customer)
Consolidated Revenue (By Customer) (Unit: Billions of Yen) Change 19/4-19/12 20/4-20/12 Change oe difference,etc Amount 9 to Tota] Amount 9 to Total] Amount | % % Toyota 1,718.8 44.1] 1,672.0 47.7 46.9) -2.7 “1,7 Daihatsu 100.0 2.6 83.5 2.4 “16.4 | -16.4 -15.4 Hino 45.3 1.2 32.8 0.9 “12.5 | -27.5 -2
Slide 17: Consolidated Revenue (By Product)
Consolidated Revenue (By Product) (Unit: Billions of Yen,%) Change 19/4-19/12 20/4-20/12 Change excludes FX difference Amount _%toTotal} Amount % % Amount _% to Total Others(*) 237.1; 228.4 ; : i 0 Automotive Total 3,764.4. 96.7] 3,393.1. 96.7] _-371.3._-9.9 8.7 Non-Automotive PETES GIVE 130.5 3.3 1
Slide 18: Geographical Segments by Company Location
Geographical Segments by Company Location Operating — (Writ Billions of Yen) Revenue Profit [ |: Ratio to Revenue 3,000 > _7 5% m 19/4-19/12 -13.8% oe @ 20/4-20/12 2,432.6 ™ 20/4-20/12 100 > 83.3 2,500 2,250.0 [8.3%] 749 80 4 [7.7%] 2,000 4 ° | 40.0 -7.2% : 1,500 4 -17.5% go {{1-6%] “91.6% 5, 1% ae
Slide 19: Capital Expenditures, Depreciation and R&D Expenditures
Capital Expenditures, Depreciation and R&D Expenditures (Unit: Billions of Yen,%) Progress 20/3 21/3F | Change(%) to 21/3 19/12 20/12 Forecast Japan 193.0) 277.5) 203.3 248.0 5.3% 82.0% North America 32.5 46.1 25.4 45.0) -21.8% 56.4% Europe 19.7 26.1 12.3 20.0) -37.6% 61.5% Asia 64.6) 84.3} 47.1 80.