Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — FY2017 Q2 Earnings Presentation
19 slides from Aisin's earnings presentation, Oct 28, 2016
Slide 1: FY2017 2nd quarter Consolidated Financial Report
FY2017 2nd quarter Consolidated Financial Report (April 1, 2016 through September 30 , 2016) October 28, 2016 Contents FY2017 2Q Overview of Financial Results P.2 AISIN SEIKI Co., Ltd. Consolidated Operating Results (FY2017 2Q) P.3-6 Consolidated Operating Forecast (FY2017) P.7-10 (http://www.aisin.
Slide 2: FY2017 2nd quarter Overview of Financial Results
FY2017 2nd quarter Overview of Financial Results ①Revenue increased from last year due to the increased volume of AT sales to Western and Chinese OEMs and Body parts sales to Chinese OEMs such as Sunroofs. Also newly consolidated SHIROKI group sales contributed to the increase. ②Operating profit inc
Slide 3: Consolidated Operating Results (FY2017 2Q – 6 months)
Consolidated Operating Results ( FY2017 2Q – 6 months) * The results of Previous Second Quarter and this Quarter are disclosed based on IFRS. Gain from stock swap Foreign exchange loss -4.8 SHIROKI group sales(newly consolidated) +63.6 with SHIROKI Corporation +19.5 (-6.0 ⇒ -10.8 ) Billion yen Loss
Slide 4: Sales by Customer (FY2017 2Q – 6 months)
Sales by Customer ( FY2017 2Q – 6 months) Billion yen FY2016 2Q 【Revenue 1,563.4】 Other Manufacturers sales breakdown Life & others 600 598.4 51.0 (3.3%) Toyota 522.0 162.5 Ａ/Ｍ & Group +1.0 Others Other 500 Manufacturers 990.3 (63.3%) 161.5 ISUZU 522.0 -3.4 14.8 (33.4%) 400 +0.6 23.4 HONDA +3.5 31.8
Slide 5: Segment Information (FY2017 2Q – 6 months)
Segment Information ( FY2017 2Q – 6 months) Revenue Billion yen Operating Profit Billion億円 yen 879.7 47.6 987.7 52.8 Difference Breakdown Difference Breakdown 281.4 FX Other 8.0 FX Impact Other factors Impact factors 275.0 Japan - +108.0 11.1 Japan -18.4 +23.6 North North America -1.8 +4.9 America -
Slide 6: Fluctuations for Operating Profit (FY2017 2Q – 6 months)
Fluctuations for Operating Profit ( FY2017 2Q – 6months) 【FY2016 2Q / FY2017 2Q】 Billion yen Increase +18.0 Increase Decrease +85.7 76.8 → 94.8 -67.7 Business 19.5 reorganization Gain from stock swap with Loss from SHIROKI Corporation earthquakes -14.2 Forex rate 1US$ : ￥122 ⇒￥105 -27.3 1CNY : ￥19.5
Slide 7: Consolidated Operating Forecast (FY2017 – 12 months)
Consolidated Operating Forecast ( FY2017 – 12 months) * The result of FY2016 and the forecast of FY2017 are disclosed based on IFRS. Gain from stock swap with SHIROKI Corporation +19.5 Loss from earthquakes -10.0 SHIROKI group sales(newly consolidated) +123.6 Insurance income +11.0 Impairment lisk -
Slide 8: Forecast of Sales by Customer (FY2017 – 12 months)
Forecast of Sales by Customer ( FY2017 – 12 months) Billion yen FY2016 【Revenue 3,245.9】 Other Manufacturers sales breakdown Life & others 1,229.0 104.7 1,050 (3.3%) Toyota 1,121.0 Ａ/Ｍ & Group +23.0 341.4 Others Other 2,020.1 900 318.4 -1.3 32.2 Changan Manufacturers (62.2%) 0.0 48.3 HONDA 33.5 65.4
Slide 9: Forecast of Segment Information (FY2017 – 12 months)
Forecast of Segment Information ( FY2017 – 12 months) Billion yen Billion 億円yen Revenue Operating Profit 1,827.0 123.0 2,025.0 106.5 Difference Breakdown Difference Breakdown 564.4 18.4 FX Other FX Other Impact factors Impact factors 531.0 23.8 Japan -39.3 +22.8 Japan - +198.0 North North America -4
Slide 10: Forecast of Fluctuations for Operating Profit (FY2017 – 12 months)
Forecast of Fluctuations for Operating Profit ( FY2017 – 12 months) * The result of FY2016 and the forecast of FY2017 are based on IFRS. Billion yen 【FY2016 / FY2017】 Increase -2.7 Decrease Decrease +128.0 192.7 → 190.0 -130.7 19.5 Business reorganization -8.2 （FY2016 ）Gain on transfer of Toyota Bos
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I AISIN SEIKI Group 180 Billion yen 2,000 Revenue 1,500.9 1,503.0 1,572.0 150 1,402.5 Operating Profit 1,353.6 2Q Revenue 1,500 Ordinary income 120 /Profit before income taxes < 784.3 > 90 99.1 100.6 1,000 84.5 88.3 60 72.5 70.8 65.0 59.2 61.5 500
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Billion yen Group 263.8 275.9 275.9 263.3 300 Revenue 20 247.4 Operating Profit 2Q Revenue Ordinary income < 134.2 > 200 /Profit before income taxes 12.3 11.2 12.5 10 12.1 12.0 9.3 9.1 8.1 8.8 8.6 100 5.1 5.1 2Q Result 0 0 FY2014 F
Slide 13: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ Billion yen ADVICS Group 20 511.5 527.3 551.2 551.6 <2,772> <3,076> 535.0 億円 600 Revenue 15 450 14.0 15.3 Operating Profit 2Q Revenue Ordinary income < 265.1 > /Profit before income taxes 10 11.6 300 9.6 8.8 7.9 9.2 7.8 150 5 1.8 0.3 0 0 -2.7 -3
Slide 14: Capital Expenditure
Capital Expenditure Billion yen Depreciation 300 188.2 186.1 200.0 200 149.0 161.0 100 JGAAP IFRS Capital Expenditure Other Overseas 400 AHA-G Other Domestics 300 294.1 294.1 247.8 250.0 ADVICS -G 204.7 AISIN AW -G 200 23.7 23.7 AISIN SEIKI 41.5 13.1 25.8 123.2 123.2 100 76.0 74.8 78.8 25.7 30.9 41.
Slide 15: R & D Expenditure
R & D Expenditure R & D Expenditure / Revenue % 8.0 7.0 6.0 5.3 % 5.1 % 5.0 % 5.0 % 5.0 % 5.0 4.0 R & D Expenditure Billion yen 250 200 Others 162.6 170.0 135.0 144.3 149.1 150 AISIN AW -G 65.8 69.5 100 52.9 52.4 55.4 19.3 20.4 ADVICS 19.3 19.5 19.0 50 53.5 60.6 63.7 65.5 66.4 AISIN SEIKI 0 FY 2013
Slide 16: Production
Production 10,000 of units AT Production MT Production 900 850 545 200 214 687 737 161 160 159 658 144 600 439 2nd H 331 347 385 84 82 78 2nd H 100 73 300 352 411 1st H 77 78 81 1st H 327 340 71 0 0 FY2014 FY2015 FY2016 FY2017 (Forecast) FY2014 FY2015 FY2016 FY2017 (Forecast) Navigation System Produ
Slide 17: TOYOTA Motors Production
TOYOTA Motors Production TOYOTA Motors Production 10,000 of units 901 899 887 917 (Forecast) － 17 －
Slide 18: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate 145 135yen 138yen 132yen 114yen 120 120yen EUR 95 110yen 100yen 103yen USD 70 CNY 25 18.0yen 18.8yen 20 16.5yen 15.4yen THB 15 10 3.2yen 3.4yen 3.4yen 3.0yen 5 Exchange 0 Rate after October Impacts on Operating Income USD 100 yen Forex Impact on O
Slide 19: Quarterly Performance
Quarterly Performance TOYOTA Motors Production(10,000 of units） Billion yen Revenue 223 231 219 232 232 226 231 224 221 221 219 221 215 1,000 215 843.4 839.9 843.5 838.9 838.6 858.8 800 756.4 773.2 771.7 788.0 771.2 792.2 707.0 727.8 600 400 200 JGAAP IFRS Operating 120 %: Operating Profit rate Bill