FY219 2 nd Quarter Consolidated Financial Results October 31 st, 218 AISIN SEIKI Co., Ltd. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain assumptions that the Company considers reasonable. The Company does not guarantee the predicted outcome of the forecasts. Actual results may differ significantly from the forecast due to a variety of factors, such as exchange rates and conditions of the global market.
Contents 1.Consolidated Operating Results (FY219 2 nd Quarter) 2.Consolidated Operating Forecast (FY219-12 months) P.2-8 P.9-14 3.Reference Information P.15-25 1/25
1.Consolidated Operating Results (FY219 2 nd Quarter) 2/25
FY219 2 nd Quarter Overview of Financial Results 1. Revenue for FY219 2 nd quarter is the highest ever before, due to the increase of AT and Body parts sales. 2. Operating profit for FY219 2 nd quarter is also the highest ever before, due to the increase of sales and the cost structure improvement etc., in spite of the increase of fixed cost such as depreciation cost and R&D cost. 3. Regarding the annual forecast, profit is revised downward due to the revision of AT sales forecast etc. 3/25
Consolidated Operating Results (FY219 2 nd Quarter) FY218 2Q FY219 2Q Change FY219 2Q Results Rate to sales % Results Rate to sales % Amount % Disclosed forecast in July Rate to Revenue % Revenue 1,855.1-1,994.4 - +139.3 +7.5 Operating Profit 18. 5.8 123.2 6.2 +15.2 +14.1 Profit before income taxes 116.2 6.3 132.2 6.6 +16. +13.8 Profit for the period * 56. 3. 64.5 3.2 +8.5 +15.3 Pre-conditions EPS 21.61 yen FX Rate Toyota production (1, Unit) - 239.53 yen - +37.92 yen +18.8 USD 111 yen USD 11 yen -1 yen -.9 CNY 16.4 yen CNY 16.7 yen +.3yen +1.8 44 446 +6 +1.3 AT sales (1, Unit) 467 56 +39 +8.2 1,99. - 12. 6. 128. 6.4 61. 3.1 226.35 yen - USD 17 yen CNY 16.7 yen 448 515 * Profit for the period attributable to Owners of the parent
Sales by Customer(FY219 2 nd Quarter) FY218 2 nd Quarter Revenue Life & others 57.9 (3.1%) Other Auto Makers 73.1 (37.9%) FY219 2 nd Quarter Revenue (+139.3) Other Auto Makers 81. (4.6%) 1,855.1 Life & others 6.2 (3.%) 1,994.4 Toyota Group 1,94. (59.%) Toyota Group 1,124.2 (56.4%) Other Auto Makers sales breakdown 8 6 4 2 73.1 177.8 27.7 37.5 25.6 36.9 36.5 51.8 38.3 44. 37.3 48.4 22.6 32. 37. 41.1 41.8 43.5 45.6 48.4 49.9 51. 66.2 141.3 15.9 FY218 2Q +16.9 Chinese OEMs Total 11.9 139.8 (+37.9) 81. FY219 2Q その他 HONDA +4.3 NISSAN -.5 Changan +15.5 Automobile Guangzhou +4.9 Automobile GM +7. BMW -6.2 MITSUIBISHI VOLVO SUZUKI PSA VW&Audi +24.8 +1.1 +5.9 +13.7 +17.8 +9.6 5/25
Segment Information (FY219 2 nd Quarter) 1,2 1, 8 6 4 2 +64.9 1,153.2 1,88.3 Japan Revenue (+139.3) +9.2 +35.5 284.2 293.4 +1.9 +27.9 2 175.6 211.1 162.9164.8 171.8 143.9 1 North America FY218 2Q FX Impact FY219 2Q Other factors Japan - +64.9 North America -2.1 +11.3 Europe +1.2 +.7 China +3.9 +31.6 Asia & Others -1. +28.9 Total +2. +137.3 Europe China Asia & Others 8 7 6 5 4 3 -.8 71.2 7.4 Japan (+ 15.2) -1.5 1.7.2 2.5 3.2 North America FY218 2Q +.7 FY219 2Q FX Impact +7.3 25.8 33.1 Other factors Japan +1. -1.8 North America ±. -1.5 Europe ±. +.7 China +.6 +6.7 Asia & Others +.4 +7.8 Elimination - +1.5 Total +2.2 +13. 7.5 +8.2 15.7 Europe China Asia & Others 6/25
Fluctuations for (FY219 2 nd Quarter) FY218 2Q / FY219 2Q 18. -1.7 +15.5-5.2-24.6 +29. +2.2 121. Sales fluctuation Cost structure improvement Change of material price Depreciation Ordinary factors +13. billion yen +15.2 Billion yen Fixed cost & others (Except non-ordinary factors) FX impact Non-ordinary factors +2.2 billion yen 123.2 FY218 2Q FY219 2Q 7/25
Fluctuations for (FY219 2 nd Quarter) FY219 2Q(Forecast in July) / FY219 2Q(Result) +3.1 123.2 12. -3.5 Sales fluctuation -.5 -.5 +.4 Cost structure improvement Change of material price Depreciation Ordinary factors +.1 billion yen +3.2 Billion yen +4.2 Fixed cost & others 12.1 (Except non-ordinary factors) FX impact Non-ordinary factors +3.1 billion yen FY219 2Q (Forecast on July 31st) FY219 2Q 8/25
2.Consolidated Operating Forecast (FY219-12 months) 9/25
Consolidated Operating Forecast (FY219-12 months) FY218 FY219 Change FY219 Results Rate to Revenue % Forecast Rate to Revenue % Amount % Forecast in April Rate to sales % Revenue 3,98.9-4,. - +91.1 +2.3 253.8 6.5 234. 5.9-19.8-7.8 3,98. - 255. 6.4 Profit before income taxes 268.1 6.9 247. 6.2-21.1-7.9 27. 6.8 Profit for the period * EPS 49.22 yen 134.5 3.4 122. 3.1-12.5-9.3-452.71 yen - -37.51 yen -7.7 133. 3.3 493.52 yen - Pre-conditions FX Rate Toyota production (1, Unit) USD 111 yen USD 11 yen -1 yen -.9 CNY 16.8 yen CNY 16.4 yen -.4 yen -2.4 892 897 +5 +.6 AT sales (1, Unit) 983 1, +17 +1.8 USD 15yen CNY 16.6 yen 887 1,5 * Profit for the period attributable to Owners of the parent 1/25
Forecast of Sales by Customer (FY219-12 months) Other Auto Makers 1,519.3 (38.9%) Other Auto Makers 1,6. (4.%) FY218 Revenue Life & others 122.5 (3.1%) 3,98.9 FY219 Revenue (+ 91.1) Life & others 132. (3.3%) 4,. Toyota Group 2,267.1 (58.%) Toyota Group 2,268. (56.7%) Other Auto Makers sales breakdown 1,8 1,6 1,4 1,2 1, 8 6 4 2 1,519.3 376.5 48. 65.2 59.9 66.5 54.9 74.6 77.4 81.3 14.7 8.6 8.7 88.1 84.6 13.2 85.4 88.6 19.1 95.8 119. 122.1 122.9 291.5 278.7 FY218 Chinese OEMs Total 23.1 259.7(+29.6) +8.7 1,6. FY219 Others HONDA +5.3 Changan +11.6 Automobile NISSAN +2.8 BMW -23.4 Guangzhou -.1 Automobile GM +3.5 SUZUKI +17.8 MITSUBISHI +2.5 VOLVO PSA VW&Audi +31.5 +23.2 +.8-12.8 11/25
2,6 2,353. 2,4 2,3.7 2,2 2, 1,8 1,6 1,4 1,2 1, 8 6 4 2 Forecast of Segment Information (FY219-12 months) +52.3 Japan Revenue (+91.1) (- 19.8) +2. 573.575. North America FY218-14.4 FY219 FX Impact Other factors Japan - +52.3 North America -3.8 +5.8 Europe +.1-14.5 China -8.1 +13.4 Asia & Others -8.4 +54.5 Total -2.4 +111.5 +5.3 +46.1 35.4336. 377.7 383. 353. 36.9 Europe China Asia & Others 16 12 8 4-27. 169.8 142.8 Japan +4 +1.3 2.8 4.1 5. 5.2 North America FY218 +.2 FY219 FX Impact -4.6 55. 5.4 Other factors Japan -2.4-24.6 North America ±. +1.3 Europe ±. +.2 China -1. -3.6 Asia & Others +.2 +9.5 Elimination - +.7 Total -3.2-16.6 +9.7 31.5 21.8 Europe China Asia & Others
Forecast of Fluctuations for (FY219-12 months) FY218 / FY219 253.8 +8.5 Sales fluctuation +36. Cost structure improvement -7. Change of material price -18.6 Depreciation Ordinary factors -16.6 billion yen -35.5 Fixed cost & others -19.8 Billion yen 237.2 (Except non-ordinary factors) -3.2 FX impact Non-ordinary factors - 3.2billion yen 234. FY218 FY219 (forecast) 13/25
Forecast of Fluctuations for (FY219-12 months) FY219(Forecast in April) / FY219 255. (Forecast in April) -24.5 Sales fluctuation +1. +3. -5.7 Change of material price Depreciation Ordinary factors -26.2 billion yen Fixed cost & others -21. Billion yen 228.8 (Except non-ordinary factors) +5.2 FX impact 234. Non-ordinary factors +5.2billion yen FY219 (Forecast on April 27th) FY219 (forecast) 14/25
3.Reference information 15/25
Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure 39. 34.6 (): Rate to sales Others ADS-G AW-G AISIN SEIKI-G 294.1 23.7 123.2 237.4 39.7 72.3 26.3 19. 87.3 155. 184. 213.4 197.1 186.1 18.3 15.3 12.1 6.9 68.5 73.1 232. 22.7 78. (5.%) (4.7%) 162.6 167.7 19.3 18. 65.8 69.2 (4.7%) (5.%) 182.9 2. 22.1 2.1 8.3 92. 15.5 12.8 122.5 81.1 82.2 88.5 94. 68.9 72. 74.5 8. FY216 FY217 FY218 FY219 FY216 FY217 FY218 FY219 FY216 FY217 FY218 FY219
17/25 Toyota car production (1, Unit) 4Q Toyota Domestic production Toyota Oversea production Toyota global production 3Q 2Q 887 99 892 897 1Q 314 313 314 311 8 81 83 89 8 76 81 76 8 83 76 73 74 73 74 73 FY216 FY217 FY218 FY219 573 596 578 586 135 144 137 136 14 151 151 15 152 148 147 149 146 153 143 151 FY216 FY217 FY218 FY219 215 225 22 225 22 227 232 226 232 231 223 222 22 226 217 224 FY216 FY217 FY218 FY219
Sales Number AT sales MT sales 2 nd H (1, Unit) (1, Unit) 1, 8 6 4 2 2 15 1 5 983 1, 869 737 258 234 494 191 258 224 194 172 27 234 246 18 24 233 26 FY216 FY217 FY218 FY219 Navigation System sales 178 181 165 144 46 46 46 76 43 47 38 45 45 43 29 31 44 43 46 FY216 FY217 FY218 FY219 2 15 1 (1, Unit) (1, Unit) 5 8 6 4 2 16 165 164 39 39 4 43 45 48 96 41 39 34 39 37 42 42 43 FY216 FY217 FY218 FY219 Navigation Soft sales 178 69 61 55 53 14 13 34 14 13 12 13 19 14 18 13 15 16 13 17 18/25 FY216 FY217 FY218 FY219
Foreign Currency Exchange Rate Foreign Exchange Rate (yen) 145 12 95 7 25. 2. 15. 1. 5.. 132 12 Impacts on 119 13 19 111 18.8 16.1 16.8 3.4 3.1 3.4 13 11 16.4 3.4 FY216 FY217 FY218 FY219 FY216 FY217 FY218 FY219 USD 1.27 1.34 1.13 1.18 EUR.13.17.19.16 THB *.8.81 1.26 1.55 CNY *.54.79.81.83 * Impacts of THB and CNY are per.1yen. Forex Impact on Operating profit per 1(or.1) yen EUR USD CNY THB Rate after Oct USD 11 EUR 13 THB 3.4 CNY 16. 19/25
Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group 2, 1,5 1, 5 4.7% 4.9% 4.4% 4.1% 1,53. 1,641.9 8.5 7.8 1,776.2 78. 1,76. 2 nd H 886.3 72. 41.3 1 st H 873.7 3.7 FY216 FY217 FY218 FY219 15 12 9 6 3 AISIN AW Group 1,8 1,2 6 7.9% 1,276.6 11. 8.6% 1,431.1 122.9 1, 621.2 8.8% 141.9 2 nd H 1 st H 1, 64. 83. 7.4% 122. 48.2 837. 73.8 FY216 FY217 FY218 FY219 18 12 6 2/25
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group 4 3 2 1 3.2% 4.5% 275.9 273. 295.7 4.1% 12.3 8.8 11.9 319.4 2 nd H 161.4 4.3% 13.6 7.8 1 st H 158. 5.8 FY216 FY217 FY218 FY219 3 2 1 AISIN AI Group 2 15 1 5 133.9 137.8 154.7 8.1 1.%.% 1.3 5.3% 167.6 2 nd H 85.7 4.2% 7. 3.5 1 st H 81.9 3.5. FY216 FY217 FY218 FY219 12 9 6 3 21/25
Financial Results of the Main Consolidated Companies Ⅲ 22/25 ADVICS Group 8 6 4 2 1.7% 1.1% 551.6 555.4 586.5 1.7% 9.2 1.1 6.1 579.4 286.8 2.8% 2 nd H 16. 7.5 1 st H 292.6 8.5 FY216 FY217 FY218 FY219 3 2 1
Quarterly Performance Revenue (1, Unit) 1,8. 232 22 22 215 226 231 227 225 217 223 232 22 224 222 25 771.2 792.2 843.5 838.9 838.6 858.8 97.5 957.5 917. 938. 1,23.5 2 1,2. 1,3.2 1,7.9 986.5 15 6. 1 5. 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY216 FY217 FY218 FY219 (Billion 12yen) 9 4.3% 6 33.1 3 5.5% 43.7 7.4% 62. 6.4% 53.7 7.% 59. 4.2% 35.7 7.4% 6.9% 67.3 66.4 5.8% 5.8% 53.5 54.4 7.6% 77.6 6.6% 6.4% 68.1 64.8 5.9% 58.3 8.% 6.% 4.% 2.% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY216 FY217 FY218 FY219.% 23/25
Half Yearly Performance 3, 2,4 1,8 1,2 6 Revenue (1, Unit) 451 457 436 452 44 452 446 451 48 2,53.8 1,563.4 1,682.5 1,697.5 1,865. 1,855.1 1,994.4 2,5.5 36 24 12 1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H FY216 FY217 FY218 FY219 6.9% 7.2% 7.1% 18 6.2% 5.6% 5.8% 15 145.7 5.5% 133.8 6.% 4.9% 115.8 123.2 12 18. 11.7 94.8 9 76.8 4.% 6 3.% 1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H FY216 FY217 FY218 FY219 2.% 24/25
Dividend per Share * The results before FY215 are based on JGAAP and the others are based on IFRS. Dividend (yen) FY214 FY215 FY216 FY217 FY218 FY219 Interim 35 45 5 5 6 6 Year-end 6 5 5 75 9 9 Total 95 95 1 125 15 15 Dividend Payout Ratio 29.7% 34.7% 28.2% 28.1% 3.6% 33.1% Repurchase of Treasury Stock (billion yen)... 49. 59.4 - Total return Ratio(*) 29.7% 34.7% 28.2% 66.5% 74.5% - (*) Total return Ratio= (Cash dividend paid + repurchase of treasury Stock) / Profit for the period 25 2 15 1 5 29.7% 34.7% 28.2% 28.1% 3.6% 33.1% 35% 3% 25% 15 15 125 2% 95 95 1 9 9 15% 75 6 5 5 1% 35 45 5 5 6 6 5% % FY214 FY215 FY216 FY217 FY218 FY219 25/25