Johnson Electric Holdings Limited · HKEX:179
Johnson Electric — FY2025/26 Earnings Presentation
53 slides from Johnson Electric's earnings presentation, May 2026
Slide 1: FY25/26 Annual Results Investor Briefing
FY25/26 Annual Results For the year ended 31 March 2026 Investor Briefing May 2026
Slide 2: FY25/26 Annual Results Overview
FY25/26 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$3.7bn 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 2026 Year Founded by AC motor Opened Listed
Slide 5: Driving a Sustainable Future
Driving a Sustainable Future Making our customers successful with motion solutions that deliver Enriching more comfortable, our local safer and healthier communities products for end users To be the world’s definitive provider of innovative and reliable motion systems To improve the quality of life
Slide 6: Strategies
Strategies Develop Focus Invest Build Align Acquire and retain on serving in technological a resilient global the design and selective a diverse, talented, customers whose innovation to manufacturing production businesses and inclusive team products are provide unique footprint to provide: processes
Slide 7: Johnson Electric at a Glance
Johnson Electric at a Glance FY25/26 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$3.7
Slide 8: FY25/26 Annual Results Overview
FY25/26 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 operati
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 s
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 products & driveline • E-bikes • S
Slide 12: Diversified Sales
Diversified Sales FY25/26 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 Accelerating APG’s Growth Opportunity • NEV 2025- 2032 CAGR • 11% • Page 14 A World of Motion. Powered by Sustainable Innovation…
Slide 15: Automotive Products: Enabling Electrification and Reducing Emissions
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 Bod
Slide 16: Automotive Products: Well Positioned for Growth in NEV
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 throttl
Slide 17: Increasing Content Opportunity per Vehicle
Increasing Content Opportunity per Vehicle from ICE to Hybrid / BEV Electrifying critical EV functions Thermal Management Enabling critical EV • ITMS thermal management • Electric water Potential opportunities for NEVs systems for enhanced pump driving range, • Valve actuator extended battery life &
Slide 18: Recent Automotive Business Wins for New Energy Vehicles
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 regeneration Inte
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 New business US$ 3.7bn wins and US$ 4.2bn opportunities 2 4% 1 3% are set to Global Global accelerate GDP vehicle growth growth growth FY25/26 Actual FY30/31 Forecast Note: Estimated total Group sales outlook based on customer ord
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: Our Sustainability Framework
Our Sustainability Framework PRODUCTS Sustainable products ENVIRONMENT Product carbon footprint Energy and climate Product quality Waste Product safety Water Material management Emissions and use EMPLOYEES Health and safety Talent attraction and retention COMMUNITIES Training and development Communi
Slide 24: Sustainability Successes
Sustainability Successes • 130 product carbon • 100% renewable electricity usage footprints quantified • 3% reduction in waste intensity per • Avoided 1,540 tonnes of sales from FY20/21 baseline packaging materials by • 4th consecutive year achieving zero providing returnable waste to landfill packa
Slide 25: ESG Awards and Ratings
ESG Awards and Ratings Caring Company Recognized by the Gold 82% Hong Kong Council Top 3% among A+ Rating of Social Service for 150,000+ rated Ranked #1 Top 170 assessed the past 10 years companies in Auto Components stocks in the Top 1% in the companies in China Sustainability Rating industry* and
Slide 26: FY25/26 Annual Results Overview
FY25/26 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 impairment of intangible assets, 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
Slide 28: Financial Highlights
Financial Highlights 1. Cash and cash equivalents 2. Bank loans and other miscellaneous borrowings 3. Cash and cash equivalents less total debt 4. Capital equals to total equity plus total debt 5. Including pension and lease liabilities 6. Adjusted earnings before interest, tax, depreciation and amo
Slide 29: FY25/26 Annual Results Overview
FY25/26 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 FY25/26 vs. FY24/25 US$ million Group sales remained flat APG impacted by customer mix in China and pricing pressures IPG’s growth driven by ramp-ups and new business wins Favorable currency movements driven by stronger EUR & RMB against USD Notes: 1. Automotive Products Group ab
Slide 31: APG Sales Changes by Region
APG Sales Changes by Region FY25/26 vs. FY24/25 APG’s sales were shaped by: • Softer demand in China from non-domestic brands, partly offset by new business awards from Chinese OEMs • Pricing adjustments to maintain competitiveness Note: EMEA: Europe, the Middle East and Africa Page 31 A World of Mo
Slide 32: Global Light Vehicle Production
Global Light Vehicle Production Multi-Year Changes Rapid transformation in the automotive industry • China continues to 8% -% 3% 10% lead NEV adoption -1% and innovation • OEMs are reshaping product portfolios and go-to-market strategies to meet competitive and shifting consumer preferences Note: 1.
Slide 33: APG Multi-Year Sales Changes
APG Multi-Year Sales Changes Strong growth from FY21/22 through FY23/24 From FY24/25, industry transformation and changing consumer behavior resulted in temporary headwinds Market refocus and expanding new business wins with leading Chinese OEMs firmly position APG for a return to growth Page 33 A W
Slide 34: IPG Sales Changes by Region
IPG Sales Changes by Region FY25/26 vs. FY24/25 Asia-Pacific: Program ramp- ups and new business wins, resulting in strong performance EMEA: Growth was driven by customer inventory replenishment and successful new product launches Americas: Subdued demand was partially mitigated by strong piezo moto
Slide 35: IPG Multi-Year Sales Changes
IPG Multi-Year Sales Changes Page 35 A World of Motion. Powered by Sustainable Innovation…
Slide 36: Adjusted Net Profit
Adjusted Net Profit FY25/26 vs. FY24/25 Profit decreased mainly due to price adjustments, wage inflation, higher operating expenses and other provisions Partially mitigated by cost-reduction initiatives 1 1 1. Adjusting net profit to exclude non-cash foreign exchange rate movements, restructuring co
Slide 37: 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 a % of sales on hand Page 37 A World of Motion. Po
Slide 38: Free Cash Flow from Operations
Free Cash Flow from Operations * Capital expenditure, net of proceeds from disposal of fixed assets Page 38 A World of Motion. Powered by Sustainable Innovation…
Slide 39: Utilization of Free Cash Flow
Utilization of Free Cash Flow Page 39 A World of Motion. Powered by Sustainable Innovation…
Slide 40: Dividends
Dividends Page 40 A World of Motion. Powered by Sustainable Innovation…
Slide 41: FY25/26 Annual Results Overview
FY25/26 Annual Results Investor Briefing Overview Why Invest in Johnson Electric? Key Financial Highlights Operating Results Outlook Supplemental Information Page 41 A World of Motion. Powered by Sustainable Innovation…
Slide 42: Outlook
Outlook Global Economy and Trade Outlook • Global economy demonstrated resilience despite protracted Russia-Ukraine conflict and the shock of widespread US tariffs • Trade conditions made more precarious by the outbreak of war in the Middle East, creating further uncertainty for global manufacturing
Slide 43: FY25/26 Annual Results Overview
FY25/26 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: Emerging Energy Infrastructure Applications
Emerging Energy Infrastructure Applications Growing demand for SOFC enables Johnson Electric energy Johnson Electric resilient power independent power technology portfolio leverages advanced infrastructure generation manufacturing for fuel cell • SOFC interconnect • Rising electricity demand • High
Slide 45: Humanoid Robots
Humanoid Robots Joint Ventures with Shanghai Mechanical & Electrical Industry Co., Ltd. (SMEIC) Serving Humanoid Robot Markets in China Joint venture agreements Shanghai Joint Venture • Sales & business development signed on • Application engineering 49% equity • Customer service 51% equity 16 July,
Slide 46: Joint Ventures with SMEIC
Joint Ventures with SMEIC Waist joint for pitch/rotation Hip joint Components for for pitch/rotation/roll Humanoid Robots Dexterous hand actuators and sensors The Group is expanding Knee joint for pitch into the humanoid robotics sector through Ankle joint joint ventures in China for roll Page 46 A
Slide 47: New JV Jointelligence Officially Unveiled in Shanghai
New JV “Jointelligence” Officially Unveiled in Shanghai Jointelligence unites Johnson Electric’s motion system expertise with SMEIC’s industrial strengths to drive innovation in complete joint modules – the “muscle” of the humanoid robot – technology in China through advanced research & developmen
Slide 48: Portfolio in AI Data Center Liquid Cooling Pumps
Portfolio in AI Data Center Liquid Cooling Pumps Efficient cooling for a sustainable future Technological advances are expanding data centers for cloud services and AI, worldwide, driving demand for reliable, sustainable, high-density cooling Johnson Electric offers innovative and high- performa
Slide 49: Profitability Review
Profitability Review FY25/26 vs. FY24/25 Page 49 A World of Motion. Powered by Sustainable Innovation…
Slide 50: Profitability Review
Profitability Review FY25/26 vs. FY24/25 Page 50 A World of Motion. Powered by Sustainable Innovation…
Slide 51: From Reported to Adjusted Net Profit
From Reported to Adjusted Net Profit Note: Adjusted net profit as stated above, excluding changes in fair value of certain investments amounted to US$234 million (FY24/25: US$268 million on the same basis), representing a decrease of 13%. * Gross impairment of intangible assets before tax amounted t
Slide 52: Average Exchange Rates
Average Exchange Rates FY25/26 vs. FY24/25 Page 52 A World of Motion. Powered by Sustainable Innovation…
Slide 53: 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 — FY2025/26 Earnings Presentation on 6ix