FY2014 2 nd Quarter Financial Results November 7 th, 2014 Calsonic Kansei Corporation President & CEO Hiroshi Moriya 1
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%) +10 - *Profit ratios are calculated based on value-added sales FX rate $ 98.9 103.0 +4.1 130.0 138.9 +8.9 Achieved sales & profit increase with record-high first-half sales 2
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. + 121 2,000 2,422 2,540 2,722 2,800 0 FY11 FY12 FY13 FY14 3
Sales History by Region <Apr. - Sep. accumulated> (100M of JPY) Pass through 2,000 1,902 1,691 1,696-211 +326 In-house (based on VAS) 1,370 1,000 871 929 +58 0 1,244 1,151 788 FY13 FY14 FY13 935 FY14 450 257 307 FY13 555 FY14 +105 738 718 FY13 Japan Europe Asia North America FY14 4
Operating Profit History by Region <Apr.- Sep. accumulated total > (100M of JPY) 60 50 48 55 +22 53 +13 40 33 40 30 20 10 14-34 0-10 FY13 FY14 FY13 FY14-4 FY13-4 FY14 ±0 FY13 FY14 Japan Europe Asia North America 5
Operating Profit Variance Analysis <FY13 - FY14 > (100M of JPY) 150 Effects of exchange fluctuation +11 Rationalization, etc +26 100 Effects of operation capacity -2 Fixed cost / R&D cost increase -23 Others / New site launch, etc. -9 50 FY13 Operating profit 114 FY14 Operating profit 117 0 6
Ordinary Profit, Net Profit <Apr. - Sep. accumulated total> (Unit: 100 millions of yen) FY13 Actual FY13 Actual Detail (FY14 Actual) Operating Profit 114 117 Non-operating Profit/Loss 10-1 FX gain +9 Derivative loss -7 Ordinary Profit 125 117 Extraordinary Profit/Loss -4-1 PBT 120 116 Taxes -44-30 Corporate tax, etc. -28 Net Profit 77 87 (Note)Numbers may not add up due to rounding 7
CAPEX, Depreciation, R&D Cost Apr.-Sep. Accumulated Total (100M of JPY) CAPEX (100M of JPY) R&D Cost 150 150 120 106 Depreciation 95 121 107 112 120 115 117 131 138 90 93 85 90 60 60 54 30 30 0 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
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) +12 - -5 - -50 - *Profit ratios are calculated based on value-added sales FX rate $ 100.2 104.0 +3.8 134.2 138.0 +3.8 9
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
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
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
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 10,000 7.0 7,482 7,823 7,609 5.0 5.2 6,194 3.7 4.3 2.0 Achieved V-shaped recovery & returned back on the growth track FY09 FY10 FY11 FY12 FY13 FY14 FY09 FY10 FY11 FY12 FY13 FY14-1.3 13
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