Slide 1: FY2022 1st Quarter Financial Results
DENSO Crafting the Core FY2022 1t Quarter Financial Results (2021/4-2021/6) July 30 , 2021 DENSO CORPORATION
Slide 2: Overview of FY2022 1st Quarter Financial Results
Overview of FY2022 1st Quarter Financial Results 1. Revenue increased due to recovery of vehicle sales from the previous year. Operating profit increased due to higher production volume and profit improvements created by corporate reform from the previous year. 2. Although it is difficult to project
Slide 3: FY2022 1st Quarter Financial Results (2021/4-2021/6)
FY2022 1st Quarter Financial Results (2021/4-2021/6) (Ratio to Revenue) (Unit: Billions of Yen) 2020/4-2020/6 2021/4-2021/6 Change Revenue 765.1 1,356.9 +591.8) = +77.3% Operating Profit ( —) 7106.6}(7.9%) 107.2 +213.8 Profit before Income Taxes (-) -92.2](9.7%) 131.6 +223.8) Profit ¢) (-) -90.1](6.
Slide 4: FY2022 1st Quarter Consolidated Revenue (By Customer)
FY2022 1st Quarter Consolidated Revenue (By (.):Change from previous year Customer) (Unit: Billions of Yen) [ ]:Change from previous year excludes FX difference *:vs 19/1Q INCR/DECR excludes FX diff Revenue 765.1 => 1,356.9 (477.3% Toyota group 388.8 > 702.1 (+80.6%) After-market, Non-Automotive Bus
Slide 5: FY2022 1st Quarter Consolidated Revenue (By Product)
FY2022 1st Quarter Consolidated Revenue ( By Product) (Unit: Billions of Yen) Change i ]:Change from previous year ae rom, _ excludes FX difference *:vs 19/1Q INCR/DECR excludes FX diff +77. . 765.1 1,356.9 (477.3%) | [+71.4%] *+0.5% Non-Automotive Business Y +33.7% 0 Cones | REI Other EE Automotive
Slide 6: Change in FY2022 1st Quarter Operating Profit
Change in FY2022 1st Quarter Operating Profit (Unit: Billions of Yen) Expenses:+6.5 Labor : +0.5 Depreciation : -4.0 - Pain 85 53.6 +25.0 133.3 +2.9 -29.0 + . | Forex Raw Wi0s.3 +3.0 Others i072 jateria Improve: Special Production co Fixed pa external deterior: volume in FY20 reduction Operating inc
Slide 7: Geographical Segments by Company Location
Geographical Segments by Company Location Local currency basis excludes FX difference (107.6JPY/1USD, 118.5JPY/1EUR, 15.2JPY/1CNY) ° Operating (Unit: Billions of Yen) Revenue : Ratio toR Profit [ | Ratio to Revenue 900 873.4 20/4-20/6 58.2 20/4-20/6 = 21/4-21/6 60 » [6.7%] m21/4-21/6 800 | 50 +804.0
Slide 8: Trend of Capital Expenditures, Depreciation and R&D Expenditures
Trend of Capital Expenditures, Depreciation and R&D Expenditures [Bil.Yen] < > Ratio to 22/3F (_) Ratio to Revenue (5.3%) (5.4%) (5.9%) (6.5%) (6.3%) (8.8%) (9.3%) (9.9%) (10.0%) (8.994 500 497.4 507.8 492.0 495.0 436.5 t2~4Q 447.4 i 400 416.8 374.3. 395.0 119 347.2 ; 4 300] i | | <24,3%|> 100 <22.4
Slide 9: FY2022 Financial Forecast
FY2022 Financial Forecast (Ratio to Revenue) (Unit: Billions of Yen) Forecast as of 5 Change from Change from Mar. 2021 ee previous forecast 2021/3 Actual Mar. 2021 Revenue 5,460.0 5,540.0 +80.0} +1.5%) 4,936.7 +603.3) +12.2% Operating Profit (7.6%) 413.0](7.9%) 440.0 +27.0| +6.5%| (3.1%) 155.1 +284
Slide 10: Change in FY2022 Operating Profit
Change in FY2022 Operating Profit (Unit: Billions of Yen) [Change from latest 515.0 financial announcement ] [+12.0] Expenses:+13.0 440.0 Labor : -13.0 Ope Depreciation : -23.0 [excl. environmen [+27.0] deterioration] Special -75.0 Environment Emergency * deterioration measures [+15.0 in previous Fi
Slide 11: Return to Shareholders
Return to Shareholders Policy of shareholders return Execute and strengthen the shareholder return policy that consider the cost of capital to control the increase of shareholder’s equity ratio. J A resolution was adopted at the board of directors meeting held today, July 30" to acquire own shares.
Slide 12: DENSO
DENSO Crafting the Core
Slide 13: 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 + Return to Shareholders DENSO Crafting the Core
Slide 14: Pre-Conditions (Foreign Exchange Rate/Car Production)
Pre-Conditions (Foreign Exchange Rate/Car Production) FY2022 Full Year 1Q Prior Year | Actual | Change | Prior Year | Forecast | Forecast | Ciao (Original) | (Revised) 107.6] 109.5 1.9] 106.1] 105.0 106.1 - Foreign Exchange | S° * Rate (Yen) EUR 118.5 132.0] +135] 123.7] 125.0 126.7 +3.0 cNy 15.2 17
Slide 15: Consolidated Revenue (By Customer)
Consolidated Revenue (By Customer) (Unit: Billions of Yen) Change 204.2086 214.216 Change bia difference,etc. Amount % toTotal | Amount % toTotall Amount % % Toyota 361.0 472 6558 48.3) +2047, +81.6 +769) Daihatsu 172 22 323 24 #151) 4877 4848 Hino 10.5 14 140 10 435) 433.2 +323) Toyota Group 308.8
Slide 16: Consolidated Revenue (By Product)
Consolidated Revenue (By Product) (Unit: Billions of Yen) Change excludes FX difference Powertrain Systems Sensing Systems & Thermal Systems. 47 Non-Automotive icisnaairatal 363 47 50.6 37 14.4 39.6) 33.7) Total 765.1 100.0 1,356.9 100.0 591.8. 773) 71.4) * Revenue of equipment Repair parts, origina
Slide 17: 1st Quarter Geographical Segments by Company Location
ist Quarter Geographical Segments by Company Location (Local Currency Base) Revenue 900 , 873.4 ® 20/4-20/6 800 | +65.3% = 21/4-21/6 700 + 528.3 0") +59.8% 400 | +145.0% 364.6 228. sn 298.4 xo | 127.6% 121. fee +477.1% 100 | 67.2 29 17. Japan North Europe Asia _—Others America 58.2 60, [6.7%] 50 40
Slide 18: Capital Expenditures, Depreciation and R&D Expenditures
Capital Expenditures, Depreciation and R&D Expenditures (Unit: Billions of Yen) Crafting the Core Progress 21/3 22/3F | Change(%) to 22/3 20/6 21/6 Forecast Gapan eg] 2576] 59.3] 2500] -31.8%| 23.7% North America a3| 3431 toe| 400] 140% 265% Europe 371168 47] 2001 27.0% 235% Asia 154/635) 132/820) -
Slide 19: Return to Shareholders
Return to Shareholders Annual dividends per share and DOE 150 100 50 140 19/3 6 DENSO Crafting the Core