Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — FY2015 Earnings Presentation
19 slides from Aisin's earnings presentation, Apr 28, 2015
Slide 1: FY2015 Consolidated Financial Results
FY2015 FY2015 Consolidated Financial Results (April (April 1, 1, 2014 20 2014 14 through 2014 through March March 31, 31, 2015 20 2015) 15)) 15 2015 15) April April 28, 28, 2015 2015 20 2015 15 AISIN AISIN SEIKI SEIKI Co., Co., Ltd. Ltd. (http://www.aisin.com) － 1 －
Slide 2: FY2015 Overview of Financial Results
FY2015 FY2015 Over Overview view of Financial Results ① Though TOYOTA Motors production volume was flat, our sales increased comparing to last year due to foreign exchange gain etc. Operating income, Ordinary income and Net income decreased from last year, due to an increase in depreciation cost, R&
Slide 3: FY2015 Consolidated Operating Results (12 months)
FY2015 Consolidated Operating Results (12 months) Billion ｙen Net Net Sales Sales Operating Operating Income Income Net Net Income Income + 141.7 billion billion yen yen -5.4 -12.7 （（ +5.0%） +5.0% +5.0%）） +5.0%） 171.1 165.7 90.0 77.3 FY2014 FY2015 FY2014 FY2015 2,963.9 2,822.2 Ordinary Ordinary Inco
Slide 4: FY2015 Sales by Customer (12 months)
FY2015 Sales by Customer (12 months) Billion ｙen FY2014 FY201 4 【 Sales 2,822.2】 2,822.2】 Other Manufacturers sales breakdown Life & others 109.0 977.6 Toyota 800 894.7 Ａ/Ｍ & Others 275.2 Group MAZDA 700 258.0 26.6 Other 1,818.4 31.7 ISUZU Manufacturers Manufac turers 28.9 44.5 BMW 64.4% 600 29.2 27
Slide 5: FY2015 Segment Information (12 months)
FY2015 Segment Information (12 months) Billion ｙen Operating Billion 億円ｙen Net Net Sales Sales Operating Income Income 1 ,0 0 0 FY2014 70 900 1,798.3 FY2014 1,792.8 FY2015 137.4 FY2015 800 60 129.5 700 50 600 489.3 40 500 451.5 408.8 401.3 400 30 25.6 24.3 300 219.1 224.7 20 200 10.8 10 6.1 100 2.8
Slide 6: FY2015 Fluctuations for Ordinary Income (12 months)
FY2015 Fluctuations for Ordinary Income (12 months) Billion ｙen 【FY2014 / FY2015】 FY2015】 Increase - 1.4 Increase Decrease +51.0 189.4 → 188.0 -52.4 Cost structure 27.0 improvement Forex rate 20.0 1US$ ： ￥100 →￥110 1EUR ： ¥135 →￥138 4.0 Non- Non-operating Sales fluctuation -22.4 Change of material p
Slide 7: Consolidated Fiscal Year Forecast (FY2016 – 12 months)
Consolidated Fiscal Year Forecast ( FY2016 – 12 months) Billion ｙen Net Net Sales Sales Operating Operating Income Income Net Net Income Income + 286.1 billion billion yen yen + 34. 34.3 + 22. 22.7 （（ +9.7%） +9.7%）） +9.7% +9.7%） 200.0 100.0 165.7 77.3 FY2015 FY2016 FY2015 FY2016 3,250.0 2,963.9 Ordi
Slide 8: Forecast of Sales by Customer (FY2016 – 12 months)
Forecast of Sales by Customer ( FY2016 – 12 months) Billion ｙen FY2015 【 Sales 2,963.9】 2,963.9】 Other Manufacturers sales breakdown Life & others 1,140.0 104.9 1,000 Ａ/Ｍ & Others Toyota 279.8 Group Other 977.6 33.9 ISUZU 1,881.3 800 43.9 GM Manufacturers Manufac turers 276.9 51.4 HONDA 977.6 63.5%
Slide 9: Forecast of Segment Information (FY2016 – 12 months)
Forecast of Segment Information ( FY2016 – 12 months) Billion ｙen Billion 億円ｙen Net Net Sales Sales Operating Operating Income Income 140 1,799.0 FY2015 FY2015 1 ,00 0 FY2016 1,798.3 129.5 FY2016 120 118.4 80 0 100 653.6 60 0 550.5 80 489.3 451.5 53.3 60 40 0 246.7 40 224.7 25.6 24.3 20 0 20 10.8 3.
Slide 10: Forecast of Fluctuations for Ordinary Income (FY2016 – 12 months)
FY2016 Forecast of Fluctuations for Ordinary Income ( FY201 6 – 12 months) Billion ｙen 【FY2015 FY2015 / FY2016 FY2016】 Increase +27. +27.0 Increase Decrease +93. +93.5 188. 188.0→ 215. 215.0 -66. 66.5 42. 42.3 Sales fluctuation Cost structure 30. 30.0 improvement Forex rate 21. 21.2 1US$ ： ￥110 →￥12
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I AISIN SEIKI Group Billion ｙen 120 1,353.6 1,401.9 1,489.8 1,500 1,195.7 90 1,076.6 84.5 82.6 1,000 Operating income 69.3 72.1 60 59.2 Ordinary income 56.4 56.2 52.4 47.8 500 Sales 30 42.6 0 0 FY2012 FY2013 FY2014 FY2015 FY2016 (Forecast) 150 <7,
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Billion ｙen 20 300.0 Group 247.4 263.8 300 215.4 194.4 Operating income 13.5 14.5 200 10 11.2 12.3 12.5 Ordinary income 9.5 11.2 Sales 8.7 8.9 9.3 100 0 0 FY2012 FY2013 FY2014 FY2015 FY2016 (Forecast) Billion ｙen AISIN AＩ AＩ Group
Slide 13: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ <3,076> Billion ｙen ADVICS Group <2,772> 30 527.3 560.0 600 511.5 384.3 447.2 Operating income 20 400 Ordinary income 15.3 17.5 17.5 10 12.8 14.1 14.0 200 9.6 11.6 Sales 4.8 5.1 0 0 FY2012 FY2013 FY2014 FY2015 FY2016 (Forecast) (Forecast) 150 億円
Slide 14: Capital Expenditure / Depreciation
Capital Expenditure Depreciation Billion ｙen 230 200.0 180 137.7 139.2 149.0 161.0 130 80 Capital Expenditure Oth e r Ove rseas 350 325.0 ＡＨＡ－Ｇ 300 247.8 Oth e r Dome stic 250 204.7 195.0 AISIN ADS- G 200 150.7 28.6 AISIN AW-G 150 AISIN SEIKI 25.8 136.0 100 11.4 13.1 8.2 78.8 50 52.9 66.6 74.8 26.8
Slide 15: R&D Expenditure
R & D Expenditure R & D Expenditure / Net Sales ％ 8.0 7.0 6.0 5.3 ％ 5.3 ％ 5.1 ％ 5.0 ％ 4.9 ％ 5.0 4.0 R & D Expenditure Billion ｙen 200 160.0 135.0 144.3 149.1 Others 150 121.4 5 5 .4 61.0 AISIN AW-G 100 5 2 .9 5 2 .4 49.0 1 9 .5 1 9 .0 19.6 ADVICS 15.7 1 9 .3 50 5 3 .5 6 0 .6 6 3 .7 67.7 48.2 AISIN S
Slide 16: Production
Production 10,000 of units ＡＴ ＡＴ Production Production ＭＴ ＭＴ Production Production 790 214 750 658 687 545 164 626 161 144 161 150 500 331 347 2nd H 2nd H 308 80 84 100 73 250 1st H 318 327 340 50 84 77 1st H 71 0 (Forecast) 0 (Forecast) FY2013 FY2014 FY2015 FY2016 FY2013 FY2014 FY2015 FY2016 Naviga
Slide 17: TOYOTA Motors Production
TOYOTA Motors Production 10,000 of units TOYOTA TOYOTA Motors Motors Production Production 901 899 913 859 800 329 313 317 330 Domestic production 400 529 572 586 596 Overseas production 0 (Forecast) FY2013 FY2014 FY2015 FY2016 － 17 －
Slide 18: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Foreign Exchange Exchange Rate Rate 145 135Yen 138Yen 130Yen 120 107Yen 100Yen 110Yen EUR 95 83Yen 120Yen USD 70 CNY 25 18.0Yen 19.0Yen THB 20 16.5Yen 15 13.1Yen 10 3.2Yen 3.4Yen 3.7Yen 5 2.6Yen 0 Impacts Impacts on on Operating Operating Income Income Forex Im
Slide 19: Quarterly Performance
Quarterly Performance TOYOTA Motors Production(10,000 of units） units） Billion ｙen Net Sales 230 224 220 220 224 224 226 227 223 231 224 207 209 221 1, 000 195 800 756.4 772.6 670.1 655.5 699.5 687.4 714.8 720.3 707.0 727.8 118 636.3 639.9 617.3 598.0 600 559.5 457.0 400 200 8 .5 % ％：Operating ％：Ope