Johnson Electric Holdings Limited · HKEX:179
Johnson Electric — Q1 FY2022/23 Earnings Presentation
9 slides from Johnson Electric's earnings presentation, July 2022
Slide 1: Investor Briefing July 2022
Investor Briefing July 2022 Business Update For the June 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 Quarter Ended 30 June 2022
Group Sales Changes 3 Quarter Ended 30 June 2022 US$ million Sales were 877 9 3 840 impacted by supply chain (12) (37) disruptions & weakness in the Euro and other currencies against the June quarter FY21/22 APG volume / mix IPG volume / mix Currency movements Acquired business June quarter FY22/23
Slide 4: APG Sales June Quarter
APG Sales 4 June Quarter US$ million (3%) +7% As reported +82% While APG’s 608 671 651 reported sales 358 were 3% below Jun-19 Jun-20 Jun-21 Jun-22 the June 2021 quarter quarter quarter quarter quarter, they remain above Asia Europe Americas Global pre-COVID 12% 15% Growth / (decline) levels 1% YoY
Slide 5: APG Multiple-Period Sales Changes vs. Light Vehicle Production
APG Multiple-Period Sales Changes 5 vs. Light Vehicle Production 8% Growth / (decline) 5% YoY 1% 2% 1% APG has (3%) (1%) (2%) (1%) consistently (4%) outperformed (10%) (8%) light vehicle production FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 June over several quarter successive FY22/23 years Outperforma
Slide 6: IPG Sales June Quarter
IPG Sales 6 June Quarter US$ million (8%) Although IPG’s +19% +19% sales were As reported 206 189 impacted 159 159 by reduced demand for Jun-19 Jun-20 Jun-21 Jun-22 “home-centric” quarter quarter quarter quarter applications for the Asia-export Asia Europe Americas Global business, they YoY Growth /
Slide 7: Chairman's comments of Sales Performance and Outlook
7 Chairman’s comments of Sales Performance and Outlook Satisfactory sales performance in the context of significant disruptions to global manufacturing supply chains Ongoing chip shortages COVID-related operational restrictions in China Difficult to gauge the impact of the sharp increase in
Slide 8: Supplemental Information
IE JOHNSON 8 @ ELECTRIC Supplemental Information
Slide 9: Average Exchange Rates June 2022 Quarter vs. June 2021 Quarter
Average Exchange Rates 9 June 2022 Quarter vs. June 2021 Quarter USD FY22/23 FY21/22 Average Exchange Rate APR-JUN APR-JUN Change CAD per USD 1.276 1.227 CAD weakened 4.0% CNY per USD 6.611 6.460 CNY weakened 2.3% USD per EUR 1.065 1.207 EUR weakened 11.7%
Johnson Electric Holdings — Q1 FY2022/23 Earnings Presentation on 6ix