FY nd Quarter Financial Results

Transcription

1 FY nd Quarter Financial Results November 7 th, 2014 Calsonic Kansei Corporation President & CEO Hiroshi Moriya 1

2 FY14 2Q Financial Outline <Apr.-Sep. accumulated total> (Unit: 100M of JPY) FY13 Actual (A) FY14 Actual (B) Variance (B) (A) (13/4-9) (14/4-9) Sales (Value-added sales) 4,290 (2,722) 4,559 (2,800) +269 (+78) Operating profit * (Operating profit ratio) 114 (4.2%) 117 (4.2%) +3 - Ordinary profit *(Ordinary profit ratio) 125 (4.6%) 117 (4.2%) -8 - Net profit *(Net profit ratio) 77 (2.8%) 87 (3.1%) *Profit ratios are calculated based on value-added sales FX rate $ Achieved sales & profit increase with record-high first-half sales 2

3 Sales History <Apr. - Sep. accumulated total> (100M of JPY) (*) Internal management figures are used for pass-through parts 4,000 Pass through / Catalysts, etc. Value-added sales 3,837 3,605 1,297 1,183 4,290 1,568 4,559 1,759 Variance analysis Effects of exchange fluctuation +148 Effects of operation capacity, etc ,000 2,422 2,540 2,722 2,800 0 FY11 FY12 FY13 FY14 3

4 Sales History by Region <Apr. - Sep. accumulated> (100M of JPY) Pass through 2,000 1,902 1,691 1, In-house (based on VAS) 1,370 1, ,244 1, FY13 FY14 FY FY FY FY FY13 Japan Europe Asia North America FY14 4

5 Operating Profit History by Region <Apr.- Sep. accumulated total > (100M of JPY) FY13 FY14 FY13 FY14-4 FY13-4 FY14 ±0 FY13 FY14 Japan Europe Asia North America 5

6 Operating Profit Variance Analysis <FY13 - FY14 > (100M of JPY) 150 Effects of exchange fluctuation +11 Rationalization, etc Effects of operation capacity -2 Fixed cost / R&D cost increase -23 Others / New site launch, etc FY13 Operating profit 114 FY14 Operating profit

7 Ordinary Profit, Net Profit <Apr. - Sep. accumulated total> (Unit: 100 millions of yen) FY13 Actual FY13 Actual Detail (FY14 Actual) Operating Profit Non-operating Profit/Loss 10-1 FX gain +9 Derivative loss -7 Ordinary Profit Extraordinary Profit/Loss -4-1 PBT Taxes Corporate tax, etc. -28 Net Profit (Note)Numbers may not add up due to rounding 7

8 CAPEX, Depreciation, R&D Cost Apr.-Sep. Accumulated Total (100M of JPY) CAPEX (100M of JPY) R&D Cost Depreciation CAPEX on sales (VA sales) FY11 FY12 FY13 FY14 2.2% 3.7% 4.4% 3.0% 4.7% 4.6% 4.8% 4.9% 0 R&D on sales (VA sales) FY11 FY12 FY13 FY14 8

9 FY2014 Financial Forecasts (Unit: 100M of JPY) Sales (Value-added sales) Operating profit * (Operating profit ratio) Ordinary profit *(Ordinary profit ratio) Net profit *(Net profit ratio) FY13 Actual (A) (13/04-14/03) 9,187 (5,743) 288 (5.0%) 295 (5.1%) 250 (4.4%) FY14 Forecast (B) (14/03-15/04) 9,400 (5,800) 300 (5.2%) 290 (5.0%) 200 (3.4%) Variance (B) (A) +213 (+57) *Profit ratios are calculated based on value-added sales FX rate $

10 New Technologies - GX4 T10 Goals & Post GX4 T10 technologies - GX4 T10 Goals FY11~12 2 Introduce 10 Eco-friendly products which leads the global competition by FY16 FY13~14 5 FY15~16 3 FY17~ In production Order received Under sourcing EGR cooler Injection skin IP Soft feel Hard IP New-CR compressor B/M for battery cooling Best efficiency & silence Energy-saving & silent Over 10 new products are expected to be introduced by FY16 Accelerate the development of new products which are to be launched in FY17~ 10

11 Sales Expansion <Major businesses won in FY14 > Promoting sales expansion activities to reach CK GX4 T10 goals Sales expansion to Nissan/Renault Won the business of Nissan/Renault global model Won Renault business in China and other regions Sales expansion to OEM other than Nissan Japanese OEM: Compressors (Won orders from more than 1 OEM), Heat exchangers, Electronic components Overseas OEM: Electronic components, Heat exchangers *Photos are for illustrative purpose only 11

12 Manufacturing Footprints Izhevsk, Russia Started production of IP, HVAC, ECM (from Jul.) Dalian, China Started production of CPM (from Oct.) Barcelona, Spain Started production of HVAC, CPM, Exhaust (from Jul.) Bawal, India Started production of compressors (from Sep.) Resende, Brazil Started production of CPM (from Feb.) 12

13 Global Top 10 Automotive Suppliers in Sales(over 1 Trillion yen) Global Top 10 Automotive Suppliers in Operating Profit (7%+ OP Rate* 1 ) (100M of JPY) *1: OP on Value-added sales (%) 9,187 9,400 10, ,482 7,823 7, , Achieved V-shaped recovery & returned back on the growth track FY09 FY10 FY11 FY12 FY13 FY14 FY09 FY10 FY11 FY12 FY13 FY

14 Plans, strategies, opinions and other statements regarding Calsonic Kansei Corporation stated in this document, other than historical facts, are forward-looking statements, which include risks and uncertainty. Please note the actual results may differ from the statements in accordance with the future economic condition, market trends, exchange fluctuation, and other important aspects. The statements in this documents are developed based on the purpose to provide information, and not to solicit investment. This document is the copyright of Calsonic Kansei Corporation. Reproduction or use of any copy without permission is prohibited. 14