Johnson Electric Holdings Limited · HKEX:179
Johnson Electric — Q3 FY2022/23 Earnings Presentation
12 slides from Johnson Electric's earnings presentation, January 2023
Slide 1: Investor Briefing January 2023: Business Update for the December 2022 Quarter
Investor Briefing January 2023 Business Update For the December 2022 Quarter
Slide 2: Disclaimer
2 Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric. Words such as “outlook”, “expects”, “anticipates”, “inten
Slide 3: Group Sales Changes Year-to-Date December 2022
Group Sales Changes 3 Year-to-Date December 2022 Reported sales up 6% Excluding acquisitions, sales grew 12% on a constant currency basis Note: APG – Automotive Products Group IPG – Industry Products Group
Slide 4: Automotive Products Group 9 Months Year-to-Date Comparison
Automotive Products Group 4 9 Months Year-to-Date Comparison APG sales, as reported APG achieved +14% +23% +11% strong sales growth in the nine months from April to December 2022
Slide 5: APG Sales Growth vs. Light Vehicle Production Year-to-Date December 2022
APG Sales Growth vs. Light Vehicle Production 5 Year-to-Date December 2022 Outperformance in all regions compared to changes in light vehicle production Strong growth in: • Thermal management • Closure and interior • Oil pumps • Powder metal parts • Power steering • Braking
Slide 6: Automotive Products Group Multi-Year Sales Changes vs. Light Vehicle Production
Automotive Products Group 6 Multi-Year Sales Changes vs. Light Vehicle Production APG has consistently outperformed light vehicle production This reflects APG’s focus on delivering the technologies that enable the automotive industry’s shift to new energy vehicles and efforts to reduce weight, impro
Slide 7: Industry Products Group 9 Months Year-to-Date Comparison
Industry Products Group 7 9 Months Year-to-Date Comparison Demand declined for IPG sales, as reported various “home-centric” products that surged during the COVID-19 (9%) pandemic exacerbated +6% +14% by high inventory level in retail channels. This was partially offset by strong growth in medical,
Slide 8: IPG Sales Growth by Region 9 Months Year-to-Date Comparison
IPG Sales Growth by Region 8 9 Months Year-to-Date Comparison Asia sales declined as customers, especially China-based contract manufacturers and other exporters, were impacted by reduced demand in their European and North American end markets This was partially offset by growth across several segme
Slide 9: Industry Products Group Multi-Year Sales Trend
Industry Products Group 9 Multi-Year Sales Trend IPG’s business has been impacted over the past few years by US-China tariffs, COVID and lock-downs, and semiconductor shortages In response to these challenges, IPG brought new products to market across several applications Growth in these new product
Slide 10: Outlook
10 Outlook Robust sales performance for the first nine months of the financial year despite extremely challenging conditions for global industrial manufacturing businesses Persistently high inflation Supply chain disruptions War in Eastern Europe Uncertain impact of China’s sudden relaxati
Slide 11: Supplemental Information
11 SUPPLEMENTAL INFORMATION
Slide 12: Average Exchange Rates YTD December 2022 vs. YTD December 2021
Average Exchange Rates 12 YTD December 2022 vs. YTD December 2021
Johnson Electric Holdings — Q3 FY2022/23 Earnings Presentation on 6ix