Slide 1: FY2021 Financial Results (2020/4-2020/6)
DENSO Crafting the Core FY2021 Financial Results (2020/4-2020/6) July 31, 2020 DENSO CORPORATION
Slide 2: Overview of FY2021 1st Quarter Financial Results
Overview of FY2021 1st Quarter Financial Results 1. Revenues decreased due to a decline in vehicle sales caused by the impact of COVID-19. Operating income was negative mainly due to production volume decrease. 2. 20/4-21/3 Forecast : Revenue of 4.54 trillion yen and operating profit of 100 billion
Slide 3: FY2021 1st Quarter Financial Results (2020/4-2020/6)
FY2021 1st Quarter Financial Results(2020/4-2020/6) (Ratio to Revenue) [Unit : Billions of Yen] 2019/4-2019/6 2020/4-2020/6 Change Revenue 1,324.1 765.1 -559.0 -42.2% Operating Profit (5.2%) 69.140 - ) -106.6 -175.8 - Finance income/ cost&others;=1) 16.7 44 23 Profit before Income Taxes (6.5%) 85.8)
Slide 4: FY2021 1st Quarter Consolidated Revenue (By Customer)
27.5 After-market, . Non-Automotive Business etc. arte 31.7 2019/4-2019/6 2020/4-2020/6 Unit Billons of Yen) agp | © REVenue 1,324.1 765.1 (-42.2%) [-40.8%] [ ]:Change from previous year excludes FX aiference Toyota group 634.0— 388.8 (-38.7%) [-37.5%] After-market,_ . Non-Automotive Business ete: O
Slide 5: FY2021 1st Quarter Consolidated Revenue (By Product)
FY2021 1st Quarter Consolidated Revenue ( By Product) (Unit: Billions of Yen) (J:INCR/DECR excludes FX difference 1,324.1 765.1 iron a aL (-42.2%) | [-40.8%] 74.2 Tit Saal Non-Automotive Business (-15.9%) | [-14.5%] 233.2 (FA and agriculture,etc.) Ce (-23.9%) | [-22.3%] iin = Search 70%) E2688) —=22
Slide 6: Change in FY2021 1st Quarter Operating Profit
Change in FY2021 1st Quarter Operating Profit (Unit: Billion of yen) 119.5 | ~ -7.0 Tae) pesg +17.0 7, IRS) ee oo Be =< Seeds e) o & ae @ mn Oo mill +24.0 = os Bey x a’ my +55 -4.0 -7.0 +125 32 @ [oe eS O Fee mm © &§ 29 BOs §S& 4 Peo” of Re 2 ie o 88 2842 af 20 @ =f 8 9 of g & §&8 o => ie 7) ° 7? §
Slide 7: Geographical Segments by Company Location
Geographical Segments by Company Location Excluding FX difference (110JPY/1USD, 123JPY/1EUR) Operating (Unit: Billions of Yen) Revenue 0 [ ]: Ratio to Revenue Profit 900 19/4-19/6 19/4-19/6 796.5 20/4-20/6 30 9 23.5 25.1 = 20/4-20/6 800 [3.0%] [7.6%] 700 20 -86.0% 8.2 41 600 -33.7% 10 [2.6%] 3.2 3.5
Slide 8: FY2021 Financial Forecast
FY2021 Financial Forecast (Ratio to Revenue) [Unit : Billions of Yen] Revenue 5,153.5 4,540.0 -613.5 -11.9% Operating Profit (1.2%) 61.1 |(2.2%) 100.0 +38.9] +63.7% Finance income/ cost&othersce1) 28.6 31.0 +2.4 Profit before Income Taxes (1.7%) 89.6 |(2.9%) 131.0 +41.4] +46.2% Profit ,-2) (1.3%) 68
Slide 9: Change in FY2021 Operating Profit
Change in FY2021 Operating Profit (Unit: Billions of Yen) Others & +7.9 ae Cl D Production Expenses Iii volume COVID-19 34 -3.0 Labor cost Increase idiaaaal -17.0 Depreci Variable +47.0 ation cost -30.0 suction +50.0 Quality cost provision +222.0 61.1 Increase of Profitability fixed cost improvement
Slide 10: Trend of Capital Expenditures, Depreciation and R&D Expenditures
Trend of Capital Expenditures, Depreciation and R&D Expenditures [Bil.Yen] < > Ratio to 21/3F (_) Ratio to Revenue (5.3%) (5.3%) (5.4%)(5.99%)(7.2%) (9.0%)(8.8%) (9.3%)(9.9%)(11.0% 500 497.4 507.8 500.0 416.8 436.5 12~4Q 409.2 447.4 H | “00 2900 bg 337.4 347.2 it 5 | 287.3 302.1 py 300 { } 268.6 ; |
Slide 11: Return to Shareholders
Return to Shareholders FY21 2nd Q-end dividend per share: 70 yen Year-end dividend per share: Not determined 159.3% 20/3 21/3 200% 160% 120% 80% 40% -—-Payout ratio 200 150 100 50 0 18/3 19/3 DENSO Crafting the Core <Return to shareholders> * Interim dividend : 70 yen * Annual dividend : undecided D
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 DENSO Crafting the Core
Slide 14: Pre-Conditions (Foreign Exchange Rate/Car Production)
Pre-Conditions (Foreign Exchange Rate/Car Production) FY2021 Full Year 1Q Prior Actual | Change |Prior Year] Forecast | Change Year Foreign Exchange USD 110 108 -2 109 106 -3 Rate (Yen) EUR 123 us| -5| 121 120 “1 Forex Impact on USD - 2.7 2.1] -0.6 Operating Income perYen EUR - 1.2 0.9] -0.3 (Billio
Slide 15: Consolidated Revenue (By Customer)
Consolidated Revenue (By Customer) pit: sitions of Yen) Change 19/4-19/6 20/4-20/6 Change na difference,etc. ‘Amount [9% to Tota] Amount [9% to Total] Amount | __9% % Toyota 588.1 44.5 361.0, 47.2) -227.1| 38.6 “37.4 Daihatsu 30.8 23 17.2 2.2) -13.6) 44.1 743.4 Hino 15.1 11 10.5 1.4 “4.6 | -30.3 730
Slide 16: Consolidated Revenue (By Product)
Consolidated Revenue (By Product) (Unit: Billions of Yen,%) Change 19/4-19/6 20/4-20/6 Change excludes FX difference Amount _%toTotal] Amount _ % to Total | Amount % % “Others(*) 74. 5.5 56.5 7.4 “17.7, -23.9 -22.3 Automotive Total 1,282.2 96.8) 729.8 95.4 -552.5 -43.1 -41.6 Non-Automotive SEG Aor 4
Slide 17: Geographical Segments by Company Location
Geographical Segments by Company Location Operating (Unit: Billions of Yen) Revenue Profit [ | Ratio to Revenue 900 @ 19/4-19/6 19/4-19/6 om 796.5 § 20/4-20/6 ay = 2315 25.4, @ 20/4-20/6 [3.0%] [7.6%] 700 33.7% 2 8.2 -86.0% at 10 [2.6%] 3.2 Sty ae 528.3 . Bhs]! 22-5%] 500 [2.0%] 370 -68.3% 0 | _ 400
Slide 18: 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 19/6 20/6 Forecast Japan 57.0 2775 86.9) 248.0) 52.4% 35.0% North America 96 46.1 9.3 45.0| -3.2% 20.7%! Europe 5.8 26.1 37 20.0] -36.4% 18.5% Asia 16.7 84.3 15.1 80.0| -9.4%| 18