Slide 1: FY2021 Financial Results (2020/4-2020/9)
DENSO Crafting the Core FY2021 Financial Results (2020/4-2020/9) October 29, 2020 DENSO CORPORATION
Slide 2: Overview of FY2021 2nd Quarter Financial Results
Overview of FY2021 2nd Quarter Financial Results 1. Adecline in vehicle sales due to COVID-19 in the 1st quarter impacted significant decrease in revenue. Although revenue have been on a recovery trend since the 2nd quarter, overall revenue in the 1st half decreased year-on-year. Operating income wa
Slide 3: Overview of the Consolidated Financial Results
[Overview of the Consolidated Financial Results] 1. Consolidated revenue totaled 2,074.7 billion yen, decreased by 543.7 billion yen (-20.8%) from the previous year. 2. Consolidated operating profit totaled -69.6 billion yen, decreased by 203.6 billion yen from the previous year. 3. Consolidated pro
Slide 4: Revenue decreased by about 40% affected by a significant decrease in vehicle sales
<1st quarter> Revenue decreased by about 40% affected by a significant decrease in vehicle sales due to the impact of Covid-19. Operating income was 106.6 billion yen , due largely to the impact of the production volume decreased. <2nd quarter> Revenue recovered to the level which exceeded the previ
Slide 5: Sales by Customer (Quantity Base)
[Sales by Customer (Quantity Base)] Although decreased revenue for all customers, the rate of decline eased compared to the first quarter. Sales to 1) Toyota :Revenue increased due to commenced operations Hirose Plant, and strong sales in China. 2) Honda : Strong sales in China. 3) Ford / SUBARU :St
Slide 6: Sales by Product (Quantity Base)
[Sales by Product (Quantity Base)] In the first half of the year, sales declined in all businesses due to the impact of Covid-19, But in 2nd quarter (the three-month period from July 1 to Sept 30), all businesses, except power train systems, exceeded the previous year's level. Sales of Electrificati
Slide 7: Factors that Contributed to Increases or Decreases in Operating Profit
[Factors that Contributed to Increases or Decreases in Operating Profit] Negative factors ・Increase of fixed cost -10.0 billion yen. ・Quarity cost provision -46.0 billion yen. ・Sales decrease impact due to the COVID-19 -239.0 billion yen. Positive factors ・Variable cost reduction 25.0 billion yen. ・
Slide 8: Revenue and Operating Profit by Each Region
[Revenue and Operating Profit by Each Region*] *Excluding the effect of foreign exchange In Japan , North America , Europe Due to reduced vehicle sales became an operating loss. Asia Sales in China, throughout the first half, was strong with an increase of more than 10% from the previous year , oper
Slide 9: Full year Financial Forecast
[Full year Financial Forecast] 1. We expect revenue of 4,540.0 billion yen. (not revised ) 2. We expect operating profit to be 100.0 billion yen.(not revised ) 3. We used 106 yen to the U.S. dollar and 120 yen to the euro.
Slide 10: Full-year operating profit factors
Negative factors ・Forex loss -31.0 billion yen. ・Increase of fixed cost -50.0 billion yen. ・Current year quality cost provision -46.0 billion yen. Positive factors ・previous year quality cost provision 222.0 billion yen. ・previous year's COVID-19 impact 43.0 billion yen. ・Profitability improvement 9
Slide 11: Capital Expenditures, Depreciation and R&D Expenditures
[Capital Expenditures, Depreciation and R&D Expenditures] Capital Expenditure Actual results: 200.6 billion yen. Annual 380 billion yen (- 15 billion yen from the announcement). We scrutinize the content and make disciplined investments. R&D expenditure Actual results: 243.8 billion yen. Annual 490
Slide 12: Return to Shareholders
[Return to Shareholders] The dividend forecasts for the full-year 140 yen per share. Despite the circumstances , we will maintain a long-term stable dividend policy.
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) NN FY2021 Full Year FY2021 First-Half FY2021 Second-Half Forecast foresex | Forecast Prior Year| Actual | Change [Prior Year] ¢goviceg) | Change [Prior Year wet, | (Revised) Change Foreign Exchange | US? 109 107 -2 109 104 -4 109 106| 106 -3 Rate
Slide 16: Consolidated Revenue (By Customer)
Consolidated Revenue (By Customer) (Unit: Billions of Yen) Change 19/4-19/9 20/4-20/9 Change exudes difference,etc Amount %to Ti % % Toyota 1,159.7 44.3 “15.2 =14.3 Daihatsu 65.3 2.5 25.4 24.6 Hino 30.4 1.2 -30.7 “30.7 Toyota Group 1,255.4. 48.0 716.1 715.2 Honda 205.9 7.9 “21,2 19.3 FCA 97.1 37 =38
Slide 17: Consolidated Revenue (By Product)
Consolidated Revenue (By Product) (Unit: Billions of Yen,%) 19/4-19/9 20/4-20/9 Change excludes FX difference Amount | % to Total Amount __ % to Total Powertrain Systems _ahermal Systems eed “Sensor & Semiconductor. [71 sone 322. ~Others(*) : Automotive Total 2,530.7 96.7 2,001.5 -19.8 Non-Automotiv
Slide 18: Geographical Segments by Company Location
Geographical Segments by Company Location Operating (Unit: Billions of Yen) Revenue Profit [ ]: Ratio to Revenue 1,800 ™19/4-19/9 19/4-19/9 1,626.0 56.4 50.4 = 20/4-20/9 1,600 -18.5% ™ 20/4-20/9 60 4[3.5%] [7.6%] 2400 1,324.8 50 -40.9% =a 29.8 4200 30 tb [5.4%] 1,000 Se 00 ° (1.9%) 6.3 ies 603.5 660
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 19/9 20/9 Forecast Japan 126.8 277.5 143.7 248.0 13.3%! 57.9% North America 22.2 46.1 17.5] 45.0) -21.2% 38.9% Europe 13.2) 26.1 7.4 20.0} -43.9% 37.0% ‘Asia 40.7 84.3 31.2 80.0}