Johnson Controls International plc · NYSE:JCI
Johnson Controls International — Q1 2013 Earnings Presentation
10 slides from Johnson Controls International's earnings presentation, Jan 18, 2013
Slide 1: Quarterly update FY 2013 first quarter
Quarterly update FY 2013 first quarter January 18, 2013
Slide 2: Forward-looking statements
Forward-looking statements Johnson Controls, Inc. has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looki
Slide 3: Agenda
Agenda Introduction Glen Ponczak, Vice President, Global Investor Relations Overview Steve Roell, Chairman and Chief Executive Officer Business results and financial review Bruce McDonald, Executive Vice President and Chief Financial Officer Q&A 3
Slide 4: Macro environment
2013 first quarter Macro environment Mixed automotive industry production – Higher production (11%) in North America – Lower production (-9%) in Europe – Higher production in China (3%) Warm early winter temperatures – North America aftermarket battery demand still below “normal” levels Lower
Slide 5: 2013 first quarter results and outlook
2013 first quarter Sales: $10.4 billion 2013 second quarter outlook vs. $10.4 billion in Q1 2012 EPS: $0.40 - $0.42 Western European automotive Segment income: $541 million production down 14% vs. $621 million in Q1 2012 ─ Short-term delays in flexing labor Net income: $354 million Restruc
Slide 6: 2013 first quarter Building Efficiency
2013 first quarter Building Efficiency 2013 2012 Commercial backlog and orders Net sales $3.5B $3.5B (at December 31, 2012) Soft demand in North America, Europe $5.1B, level with year-ago – Asia up 7%; GWS up 4% ─ Backlog up in Asia, – North America down 7% down in North America – Europe down 10
Slide 7: 2013 first quarter Automotive Experience
2013 first quarter Automotive Experience 2013 2012 Fiscal Q1 production Net sales $5.2B $5.3B Higher seating and interiors volumes in North America North America up 11% offset by lower demand in Europe Europe down 9% Electronics down 8% China up 3% – Higher exposure to Europe China sales
Slide 8: 2013 first quarter Power Solutions
2013 first quarter Power Solutions 2013 2012 Net sales $1.7B $1.6B +4% Total unit shipments up 3% – Higher OE demand in North America, Asia – Aftermarket demand in North America Florence, South Carolina lower than 2012 Recycling Facility Increased market share in Europe Segment income $268M $275
Slide 9: 2013 first quarter Financial highlights
2013 first quarter Financial highlights % 2013 2012 (in millions) (reported) (revised) change Sales $10,422 $10,417 NM Gross profit 1,508 1,536 -2% % of sales 14.5% 14.7% SG&A expenses 1,052 1,035 2% Equity income 85 120 -29% Segment income $541 $621 -13% 5.2% 6.0% Sales – Excluding FX, sales up 1
Slide 10: 2013 first quarter Financial highlights
2013 first quarter Financial highlights 2013 2012 (in millions, except earnings per share) (reported) (revised) Segment income $541 $621 Financing charges - net 61 49 Income before taxes 480 572 Income tax provision 96 113 Net income 384 459 Income attributable to non-controlling interests 30 35 Net