Johnson Electric Holdings Limited · HKEX:179
Johnson Electric — FY2024/25 Earnings Presentation
48 slides from Johnson Electric's earnings presentation, May 2025
Slide 1: Annual Results
FY24/25 Annual Results For the year ended 31 March 2025 Investor Briefing May 2025
Slide 2: FY24/25 Annual Results Overview
FY24/25 Annual Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 2 A World of Motion. Powered by Sustainable Innovation…
Slide 3: Overview
Overview Automotive Industry Components & Products Group Products Group Services APG provides motion-related IPG serves a wide range of industrial, Our technical expertise, components for all vehicle types. professional and consumer segments. in-house tool rooms and vertical We are well-placed to ca
Slide 4: History & Development
History & Development Sales US$3.6bn 3.1bn Hong Kong Hong Kong listed Global family business company starting multinational 2.1bn to supply the world 1.7bn 1.1bn 677m 251m 126m 16m 54m Fiscal 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 Year Founded by AC motor Listed on Acq
Slide 5: Driving a Sustainable Future
Driving a Sustainable Future Page 5 A World of Motion. Powered by Sustainable Innovation…
Slide 6: Strategies
Strategies on serving in technological a resilient global the design and selective businesses customers whose innovation to manufacturing production that bring a diverse, products are provide unique footprint to processes with complementary talented, and aligned to key motion solutions to provide: t
Slide 7: Johnson Electric at a Glance
Johnson Electric at a Glance FY24/25 Providing motion solutions Making over to approximately 4 million products* per day *motors and other motion related products 1,500 customers Operating in over 20 countries across 4 continents Employing over Generating total sales revenue of 30,000 people US$3.6
Slide 8: FY24/25 Annual Results Overview
FY24/25 Annual Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 8 A World of Motion. Powered by Sustainable Innovation…
Slide 9: Why Invest in Johnson Electric?
Why Invest in Johnson Electric? One of the World’s Largest Providers of Motion Solutions in electric motors, actuators, motion subsystems and related electromechanical components Innovative motion solutions for today and the future Geographically diverse, blue-chip customer base Global operating foo
Slide 10: Innovative Solutions for Today & the Future
Innovative Solutions For Today & the Automotive Smart Home & Electrification & Healthcare E-Commerce & IOT Environment Industrial Subsystems and Home automation for Zero-carbon solutions Medical device Industrial equipment, components that windows and robotic for mobility, lawn care subsystems for r
Slide 11: Our Divisions
Our Divisions •••• Automotive Industry Products Products Group Group • Braking • Suspension • Business • Lawn & garden • Closure • Thermal equipment • Medical devices • Interior management • Data Center • Power tools • Powder metal • Transmission Cooling • Robotics components & driveline • E-bikes •
Slide 12: Diversified Sales
Diversified Sales FY24/25 Note: EMEA: Europe, the Middle East and Africa Page 12 A World of Motion. Powered by Sustainable Innovation…
Slide 13: Diversified Customer Base
Diversified Customer Base World-class Customers Across Diversified Industries 400 Over Automotive Customers 1100 Over Non-Auto Customers Disclaimer: All customer tradenames and trademarks are the property of their respective owners. Their use in this presentation is for identification purposes only.
Slide 14: Market shift to net zero
Market shift to net zero APG’s Growth Opportunity • NEV 2024-2031 CAGR 13% • • Page 14 A World of Motion. Powered by Sustainable Innovation…
Slide 15: JE Automotive Products
JE Automotive Products Enabling Electrification and Reducing Emissions ICE BEV Powder Metal JE Applications Suitable Shift- by-wire for All Vehicle Types Mild HEV PHEV parts Thermal Brushless DC module Management HEV Large Cooling E-oil fan pump Vision carrier module Power Closure Pump gear Braking
Slide 16: JE Automotive Products
JE Automotive Products Well Positioned for Growth in New Energy Vehicles (NEV) Electric Integrated JE Mild HEV BEV supercharger system blower thermal management system Applications targeting Hybrid & BEV HEV PHEV Mild HEV HEV PHEV E-water Planetary BEV pump assemblies Fuel pump E-turbo Electric thro
Slide 17: Content Opportunity per Vehicle Increases
Content Opportunity per Vehicle Increases from ICE to Hybrid / BEV Electrifying critical EV functions Thermal Management Enabling critical EV • ITMS thermal management • Electric Capitalizing on business opportunities for NEVs systems for enhanced water pump driving range, • Valve extended battery l
Slide 18: Examples of Recent Automotive Business Wins for NEVs
Examples of Recent Automotive Business Wins for New Energy Vehicles Our innovative products are winning Braking Applications business on major NEV platforms Brake booster, e-parking lock, e-parking brake and electric vacuum pump for safety and shorter braking distance, lower weight, and energy regen
Slide 19: Autonomous Driving & Connectivity
Autonomous Driving & Connectivity Smart Smart Steering & Vision Closure Cabin Braking Window lift and sunroof motor Seat adjuster motor Steering-by-wire motor Sensor washing system Electro-mechanical braking motor Power door Condensation management opening device motor Brake-by-wire Power lift tailg
Slide 20: IPG Growth Supported by Megatrends
IPG Growth Supported by Megatrends Focusing on Our focus on these sectors positions us to capitalize sustainable growth on emerging trends and innovations in the market prospects Touching Human Needs Improving Performance Page 20 A World of Motion. Powered by Sustainable Innovation…
Slide 21: Winning Market Traction
Winning Market Traction Medium-term sales outlook 3 9% US$ 5.6bn CAGR US$ 3.6bn US$ 4.2bn New business wins and opportunities 2 4% 1 3% Global Global are set to sustain GDP vehicle growth growth growth FY24/25 Actual FY29/30 Forecast Note: Estimated total Group sales outlook based on customer order
Slide 22: Global Operating Footprint
Global Operating Footprint Operating in over 20 Countries across 4 Continents Workforce of over 30,000 across over 20 countries Manufacturing sites Sales & support offices Engineering sites All Page 22 A World of Motion. Powered by Sustainable Innovation…
Slide 23: ESG is Integral to Johnson Electric's Evolution
ESG is Integral to Johnson Electric’s Evolution PRODUCTS ENVIRONMENT Sustainable products Energy and climate Product carbon footprint Waste Product quality Water Product safety Emissions Material management and use TRUST AND EMPLOYEES TRANSPARENCY Health and safety Corporate governance Talent attrac
Slide 24: Sustainability Successes
Sustainability Successes • 70 product • SBTi approved • Zero waste carbon carbon targets to landfill footprints • 81% reduction quantified in Scope 2 CO2 • 92% of hours • Recognized as one worked in of the HR Asia Best sites with Companies to Work ISO 45001 for in Asia 2024 certification • More than
Slide 25: Recognition of our Sustainability Efforts
Recognition of our Sustainability Efforts Recognized in the S&P EcoVadis CDP MSCI Global Sustainability Silver Medal ‘B’ Score ESG rating Yearbook (China) 2024 Sustainalytics 94th percentile for climate change Upgraded to ‘AA’ Top 15% of industry peers in Low risk Top 6% of 150,000+ rated and water
Slide 26: FY24/25 Annual Results Overview
FY24/25 Annual Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 26 A World of Motion. Powered by Sustainable Innovation…
Slide 27: Financial Highlights
Financial Highlights 1. Earnings before interest, tax and amortization 2. Adjusted to exclude unrealized gains or losses relating to exchange rate movements as well as restructuring and other related costs Note: Numbers do not add up due to effect of rounding Page 27 A World of Motion. Powered by Su
Slide 28: Financial Highlights
Financial Highlights 1. Cash and cash equivalents and time deposits 2. Bank loans, bonds and other miscellaneous borrowings 3. Cash, cash equivalents and time deposits less total debt 4. Capital equals to total equity plus total debt 5. Including pension liabilities and lease liabilities 6. Adjusted
Slide 29: FY24/25 Annual Results Overview
FY24/25 Annual Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 29 A World of Motion. Powered by Sustainable Innovation…
Slide 30: Group Sales Changes
Group Sales Changes FY24/25 vs. FY23/24 Sales decreased by 4% APG's sales were primarily affected by reduced global light vehicle production and an unfavorable customer mix IPG faced tough markets in EMEA and the Americas Note: 1. The Automotive Products Group was abbreviated as APG 2. The Industry
Slide 31: APG Sales Changes vs. Light Vehicle Production
APG Sales Changes vs. Light Vehicle Production FY24/25 vs. FY23/24 APG’s sales were adversely affected by: • Lower light vehicle production volumes • Weak demand from certain OEMs • Some programs reaching end of life Note: 1. Actual and estimated light vehicle production volumes sourced from S&P Glo
Slide 32: APG Multi-Year Sales Changes vs. Light Vehicle Production
APG Multi-Year Sales Changes vs. Light Vehicle Production The automotive industry is experiencing rapid structural shifts • China remains the largest and most dynamic market for electric vehicles • Traditional OEMs are adapting their production and product offerings APG's technology, responsiveness,
Slide 33: IPG Sales Growth by Region
IPG Sales Growth by Region FY24/25 vs. FY23/24 IPG is encountering challenging trading conditions, as consumers are favoring value-focused brands, leading to intensified price competition While declines in EMEA and Americas reflected weak demand, this was mitigated by increased sales in Asia-Pacific
Slide 34: IPG Multi-Year Sales Trend
IPG Multi-Year Sales Trend Page 34 A World of Motion. Powered by Sustainable Innovation…
Slide 35: Adjusted Net Profit
Adjusted Net Profit FY24/25 vs. FY23/24 Profit improved due to cost-saving initiatives, net material deflation, currency movements, net gains on financial assets and increase in interest income, though this was largely offset by lower sales volumes, price reductions, wage inflation, and increased lo
Slide 36: Working Capital and Capital Expenditure
Working Capital and Capital Expenditure Trade and Other Receivables Trade and Other Payables US$ Days US$ Days million sales million purchases outstanding* outstanding** Inventories Capital Expenditure US$ Days US$ CAPEX as million inventory million % of sales on hand Page 36 A World of Motion. Powe
Slide 37: Free Cash Flow from Operations
Free Cash Flow from Operations * Capital expenditure, net of proceeds from disposal of fixed assets Page 37 A World of Motion. Powered by Sustainable Innovation…
Slide 38: Utilization of Free Cash Flow
Utilization of Free Cash Flow Page 38 A World of Motion. Powered by Sustainable Innovation…
Slide 39: Dividends
Dividends Page 39 A World of Motion. Powered by Sustainable Innovation…
Slide 40: FY24/25 Annual Results Overview
FY24/25 Annual Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 40 A World of Motion. Powered by Sustainable Innovation…
Slide 41: Outlook
Outlook Global Context and Uncertainty • There is no way of knowing whether the current geopolitical brinkmanship over trade tariffs will be short-lived and resolved pragmatically, or whether it triggers a longer lasting reshaping of global supply chains and international relations • With the U.S. r
Slide 42: Outlook
Outlook Core Strategic Priorities • Driving sales growth by offering customers compelling total cost solutions to their most pressing motion-related problems • Accelerating our speed to market through rapid sampling, increased standardization of products and production lines, and building and mainta
Slide 43: FY24/25 Annual Results Overview
FY24/25 Annual Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 43 A World of Motion. Powered by Sustainable Innovation…
Slide 44: Profitability Review
Profitability Review FY24/25 vs. FY23/24 Page 44 A World of Motion. Powered by Sustainable Innovation…
Slide 45: Profitability Review
Profitability Review FY24/25 vs. FY23/24 Page 45 A World of Motion. Powered by Sustainable Innovation…
Slide 46: From Reported to Adjusted Net Profit
From Reported to Adjusted Net Profit 1. Adjusting the net profit to exclude the non-cash foreign exchange rate movements and the restructuring costs provides additional insight into the underlying performance of the business Page 46 A World of Motion. Powered by Sustainable Innovation…
Slide 47: Average Exchange Rates
Average Exchange Rates FY24/25 vs. FY23/24 Page 47 A World of Motion. Powered by Sustainable Innovation…
Slide 48: Disclaimer
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, intends, plans
Johnson Electric Holdings — FY2024/25 Earnings Presentation on 6ix