Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — FY2019 Q1 Earnings Presentation
23 slides from Aisin's earnings presentation, Jul 31, 2018
Slide 1: FY2019 1st Quarter Consolidated Financial Results
FY2019 1st Quarter Consolidated Financial Results July 31st, 2018 AISIN SEIKI Co., Ltd.
Slide 2: Contents
Contents 1.Consolidated Operating Results P.2-7 (FY2019 1st Quarter) 2.Consolidated Operating Forecast P.8-13 (FY2019 2nd Quarter- 6 months) 3.Reference Information P.14-22 1/22
Slide 3: 1. Consolidated Operating Results (FY2019 1st Quarter)
1.Consolidated Operating Results (FY2019 1st Quarter) 2/22
Slide 4: FY2019 1st Quarter Overview of Financial Results
FY2019 1st Quarter Overview of Financial Results 1.Revenue increased compared to last year due to favorable AT and Body parts sales etc. 2. Operating profit increased, due to the increase of sales etc., in spite of the increase of fixed cost such as depreciation cost and R&D cost. 3. Regarding 1st h
Slide 5: Consolidated Operating Results (FY2019 1st Quarter)
Consolidated Operating Results (FY2019 1st Quarter) FY2018 1Q FY2019 1Q Change Rate to Rate to Results Results Amount % (Billion yen) sales % sales % Revenue 917.0 - 1,007.9 - +90.9 +9.9 Operating Profit 53.5 5.8 64.8 6.4 +11.3 +21.2 Profit before income taxes 60.0 6.6 72.9 7.2 +12.9 +21.5 Profit fo
Slide 6: Sales by Customer (FY2019 1st Quarter)
Sales by Customer (FY2019 1st Quarter) FY2018 1st Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 27.7 49.7 ⇒70.0(+20.3) (3.0%) 450 416.0 Other Toyota 400 +67.3 Auto Makers 917.0 Group 348.7 102.4 Others +13.3 348.7 540.6 350 (38.0%) (59
Slide 7: Segment Information (FY2019 1st Quarter)
Segment Information (FY2019 1st Quarter) Revenue (+90.9) Operating Profit (+11.3) (Billion yen) +42.8 FY2018 1Q FY2019 1Q FY2018 1Q FY2019 1Q (Billion yen) 600 FX Other FX Other 576.3 Impact factors Impact factors 40 533.5 Japan - +42.8 +1.3 Japan +1.2 +0.1 North 34.2 North America -0.0 -1.3 500 Ame
Slide 8: Fluctuations for Operating Profit (FY2019 1st Quarter)
Fluctuations for Operating Profit (FY2019 1st Quarter) FY2018 1Q / FY2019 1Q (Billion yen) -0.9 -2.1 +7.5 material price Change of Depreciation improvement Cost structure -15.8 +20.0 +2.6 64.8 Fixed cost others FX impact 62.2 Operating Profit Sales fluctuation (Except non-ordinary factors) Operating
Slide 9: 2. Consolidated Operating Forecast (FY2019 2nd Quarter- 6 months)
2.Consolidated Operating Forecast (FY2019 2nd Quarter- 6 months) 8/22
Slide 10: Consolidated Operating Forecast (FY2019 2nd Quarter)
Consolidated Operating Forecast (FY2019 2nd Quarter- 6 months) FY2018 2Q FY2019 2Q Change FY2019 2Q (Billion yen) Rate to Rate to Disclosed Rate to Results Forecast Amount % sales % sales % sales % on Apr 27th Revenue 1,855.1 - 1,990.0 - +134.9 +7.3 1,950.0 - Operating Profit 108.0 5.8 120.0 6.0 +12
Slide 11: Forecast of Sales by Customer
Forecast of Sales by Customer (FY2019 2nd Quarter- 6 months) FY2018 2Q Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 57.9 101.9⇒141.2(+39.3) (3.1%) 813.0 Other Toyota 800 +109.9 Auto Makers 1,855.1 Group 703.1 703.1 1,094.0 199.8 Others +22.0
Slide 12: Forecast of Segment Information
Forecast of Segment Information (FY2019 2nd Quarter- 6 months) Revenue (+134.9) Operating Profit (+ 12.0) (Billion yen) +72.7 FY2018 2Q FY2019 2Q (Billion yen) FY2018 2Q FY2019 2Q FX Other 80 -2.9 FX Other 1,200 1,161.0 Impact factors Impact factors 1,088.3 Japan - +72.7 71.2 Japan -1.5 -1.4 70 68.3
Slide 13: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2019 2nd Quarter- 6 months) FY2018 2Q / FY2019 2Q (Forecast) (Billion yen) -1.2 -5.6 +16.0 material price Change of Depreciation -28.8 improvement Cost structure +32.5 -0.9 Fixed cost others 120.9 120.0 FX impact Sales fluctuation 108.0 (Except non-or
Slide 14: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2019 2nd Quarter- 6 months) FY2019 2Q / FY2019 2Q (Billion yen) (Forecast in April) (Forecast) +1.3 +0.1 +1.1 118.9 120.0 Fixed cost others +7.5 material price Change of FX impact (Except non-ordinary factors) Operating Profit (Forecast) Operating Pro
Slide 15: 3. Reference Information
3. Reference Information 14/22
Slide 16: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota global production production production (10,000 Unit) 4Q 3Q 887 909 892 2Q 215 225 220 1Q 596 578 573 144 220 227 232 135 137 448 314 313 314 140 151 151 299 232 231 223 226 80 81 83 152 148 147 150 80 76 81 149 80 83 76 76 220 226 217 222
Slide 17: Sales number
Sales number AT sales MT sales (10,000 Unit) (10,000 Unit) 1,000 983 200 869 160 165 164 800 737 258 234 150 39 40 39 600 191 258 515 224 100 43 45 48 81 400 194 234 255 172 207 50 41 39 34 38 200 180 204 233 260 37 42 42 43 0 0 FY2016 FY2017 FY2018 FY2019 FY2016 FY2017 FY2018 FY2019 (2Q forecast) (
Slide 18: Financial Results of the Main Consolidated Companies Ⅰ
Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group 4.7% 4.9% (Billion yen) (Billion yen) ◆ 4.4% ◆ ◆ 150 2,000 1,776.2 2.9% 1,503.0 1,641.9 120 ◆ 1,500 80.5 78.0 90 70.8 1,000 862.0 60 2Q 425.0 25.0 500 30 1Q 437.0 12.1 0 12.9 0 FY2016 FY2017 FY2018 FY2019(2Q forecast) AISIN AW
Slide 19: 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% 3.2% 30 400 ◆ 3.7% ◆ ◆ 300 275.9 273.0 295.7 20 200 12.3 11.9 154.0 8.8 10 100 2Q 75.8 5.7 1Q 2.7 78.2 0 3.0 0 FY2016 FY2017 FY2018 FY2019(2Q forecast) AISIN AI Group (Billion yen) 5.3%
Slide 20: Financial Results of the Main Consolidated Companies Ⅲ
Financial Results of the Main Consolidated Companies Ⅲ ADVICS Group (Billion yen) 3.3% (Billion yen) ◆ 1.7% 1.7% 800 ◆ 1.1% ◆ 30 ◆ 600 551.6 555.4 586.5 20 400 284.0 9.2 10.1 9.3 6.1 10 200 2Q 139.2 3.7 1Q 144.8 5.6 0 0 FY2016 FY2017 FY2018 FY2019(2Q forecast) 19/22
Slide 21: Quarterly Performance
Quarterly Performance Revenue (10,000 Unit) (Billion yen) 1,800.0 232 226 231 227 225 232 226 250 220 220 215 217 223 220 222 200 1,200.0 1,023.5 1,030.2 1,007.9 982.0 907.5 957.5 917.0 938.0 792.2 843.5 838.9 838.6 858.8 150 771.2 600.0 100 50 0.0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q (foreca
Slide 22: Half Yearly Performance
Half Yearly Performance Revenue (10,000 Unit) (Billion yen) 451 436 457 452 440 452 448 3,000 480 2,400 2,053.8 1,990.0 360 1,865.0 1,855.1 1,800 1,563.4 1,682.5 1,697.5 240 1,200 120 600 0 0 1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H (forecast) FY2016 FY2017 FY2018 FY2019 Operating profit (Billion y
Slide 23: 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%