FY218 1 st Quarter Consolidated Financial Results July 28 th, 217 AISIN SEIKI Co., Ltd.
Contents 1.Consolidated Operating Results (FY218 1 st Quarter) 2.Consolidated Operating Forecast (FY218 2 nd Quarter- 6 months) P.2-7 P.8-13 3.Reference Information P.14-2 1
1.Consolidated Operating Results (FY218 1 st Quarter) 2
FY218 1 st Quarter Overview of Financial Results 1. Revenue increased compared to last year due to favorable AT and Body parts sales, and the contribution of newly consolidated Art Metal Mfg. Co., Ltd. group. 2. Operating profit decreased, due to the rise in material price and the increase of depreciation cost, in spite of the increase of sales. In addition, we had extraordinary gain from stock swap with SHIROKI Corporation last year. 3. Regarding 1 st half forecast, revenue and profit are revised upward due to favorable 1Q result and FX rate tendency. With respect to the annual forecast, it's not revised from the original one. 3
Consolidated Operating Results (FY218 1 st Quarter) FY217 1Q FY218 1Q Change Results Rate to sales % Results Rate to sales % Amount % Revenue 838.6-917. - +78.4 +9.3 59. 7. 53.5 5.8-5.5-9.3 Profit before income taxes 56.9 6.8 6. 6.6 +3.1 +5.6 Profit for the period * 41.7 5. 31.4 3.4-1.3-24.6 EPS 144.58 yen - 112.82 yen - -31.76 yen -22. Pre-conditions FX Rate Toyota production (1, Unit) USD 18 yen USD 111 yen +3 yen +2.8 CNY 16.5 yen CNY 16.2 yen -.3 yen -1.8 226 217-9 -4. AT sales (1, Unit) 24 233 +29 +14.2 * Profit for the period attributable to Owners of the parent 4
Sales by Customer (FY218 1 st Quarter) FY217 1 st Quarter Revenue Other Auto Makers sales breakdown FY218 1 st Quarter Revenue (+ 78.4) Other Auto Makers 348.7 (38.%) Life & others 27.6 (3.3%) Other Auto Makers 299.1 (35.7%) Life & others 27.7 (3.%) 838.6 917. Toyota Group 511.8 (61.%) Toyota Group 54.6 (59.%) 4 35 3 25 2 15 1 5 299.1 1.7 78.7 13.5 17.6 11.6 4.2 17.6 16. 18.3 15.6 16.4 18.6 2.3 19.5 2.7 23.3 19.5 23.7 22.5 26. 73.6 69.9 FY217 1Q Chinese OEMs Total 24.3 49.7(+25.4) 348.7 +49.6 A/M & FY218 1Q Others +22. Guangzhou +13.4 Automobile HONDA +1.9 Mitsubishi NISSAN SUZUKI GM PSA VOLVO BMW +1.6 +2.7 +2.2 -.8 +2.6 +4.2 +3.5 VW&Audi -3.7 5
Segment Information (FY218 1 st Quarter) 6 5 4 3 2 1 +62.8 47.7 533.5 Japan Revenue (+ 78.4) 142.4 148.4 +4.2 +3.6 North America FY217 1Q FX Impact FY218 1Q Other factors Japan - +62.8 North America +3.9 +2.1 Europe +. +4.2 China -1.4 +5. Asia & Others +3.3-1.7 Total +5.8 72.6 +6. +1.6 79.183.3 83.687.2 62.864.4 Europe China Asia & Others 4 3 2 1-2.7 35.6 32.9 Japan (- 5.5) -2.9 6. 3.1 North america FY217 1Q 1.6.7 FX Impact 13.113.2 FY218 1Q Other factors Japan +.8-3.5 North America +. -2.9 Europe +. +.9 China -.2 +.3 Asia & Others +. -1.7 Elimination - +.9 Total +.7-6.2 +.9 +.1-1.7 3. 1.3 Europe China Asia & Others 6
Fluctuations for (FY218 1 st Quarter) FY217 1Q / FY218 1Q *Gain from stock swap +6. -5. with SHIROKI Corporation -19.5-4.6 59. -19.5 +16.5-4.5 +.7 52.8 Business reorganization* (FY217) +4.9 Loss from earthquakes (FY217) (FY217) Non-ordinary factors -14.6 billion yen 44.4 FY217 non-ordinary factors) (Except Sales fluctuation Cost structure improvement Change of material price Depreciation Ordinary factors +8.4 billion yen R&D others (Except FY218 non-ordinary factors) FX impact 53.5 (FY218) Non-ordinary factors +.7billion yen FY217 1Q -5.5 Billion yen FY218 1Q 7
2.Consolidated Operating Forecast (FY218 2 nd Quarter- 6 months) 8
Consolidated Operating Forecast (FY218 2 nd Quarter- 6 months) FY217 2Q FY218 2Q Change FY218 2Q Results Rate to sales % Forecast Rate to sales % Amount % Disclosed on Apr 28th Rate to sales % Revenue 1,697.5-1,84. - +142.5 +8.4 94.8 5.6 13. 5.6 +8.2 +8.6 1,78. - 96. 5.4 Profit before income taxes Profit for the period * EPS 9.7 5.3 11. 6. +19.3 +21.2 54.7 3.2 54. 2.9 -.7-1.4 19.6 yen - 193.65 yen - +3.59 yen +1.9 13. 5.8 48. 2.7 171.83 yen - Pre-conditions FX Rate Toyota production (1, Unit) USD 15 yen USD 111 yen +6 yen +5.7 CNY 15.9 yen CNY 16.2 yen +.3 yen +1.9 457 439-18 -3.9 AT sales (1, Unit) 411 475 +64 +15.5 USD 15 yen CNY 16. yen 44 477 * Profit for the period attributable to Owners of the parent 9
Forecast of Sales by Customer (FY218 2 nd Quarter- 6 months) FY217 2Q Revenue Life & others 59.2 (3.4%) Other Auto Makers sales breakdown 8 Chinese OEMs Total 52.4 13.5(+51.1) Other Auto Makers 598.4 (35.3%) Other Auto Makers 72. (38.2%) FY218 2Q Revenue (+ 142.5) Life & others 61. (3.3%) 1,697.5 1,84. Toyota Group 1,39.9 (61.3%) Toyota Group 1,77. (58.5%) 6 4 2 598.4 24.5 167.1 26.4 35.4 23.4 1.2 36. 33.4 37.2 33.6 37.6 31.8 38.5 36.9 43.3 35.5 41. 51.2 43.8 51.7 141.7 14.2 FY217 2Q +13.6 72. FY218 2Q A/M & Others +37.4 Guangzhou Automobile +25.2 HONDA +3. SUZUKI +2.6 NISSAN +3.6 MITSUBISHI +5.8 GM VOLVO +1.6 +7.8 PSA +1.2 BMW VW&Audi +7.9-1.5 1
Forecast of Segment Information (FY218 2 nd Quarter- 6 months) 1,2 1, 8 6 4 2 +94.3 987.7 1,82. Japan Revenue (+142.5) (+ 8.2) 29. 275. North America FY217 2Q FX Impact FY218 2Q Other factors Japan - +94.3 North America +13.6 +1.4 Europe +1.6 +12.3 China +2.6-1.7 Asia & Others +7.4 +11.1 Total +25.5 +117. +15. +13.9 +.9 +18.5 169. 168.1 146.1 16. 139. 12.5 Europe China Asia & Others +11.1 7 6 5 4 3 2 1 52.8 63.9 Japan -6.9 11.1 4.2 North America FY217 2Q 2.2.9 FY218 2Q FX Impact 25.3 26. Other factors Japan +4.3 +6.8 North America +.1-7. Europe +. +1.3 China +.3 +.4 Asia & Others +.4 +1. Elimination - +.8 Total +5.4 +2.8 +1.3 +.7 +1.4 5.3 6.7 Europe China Asia & Others 11
Forecast of Fluctuations for (FY218 2 nd Quarter- 6 months) FY217 2Q / FY218 2Q (Forecast) 94.8 +14. -11.5-11.1 +21. +.3 +5.4 97.6-19.5 +9.6 84.9 *Gain from stock swap with SHIROKI Corporation -19.5 Business reorganization* (FY217) (FY217) Loss from earthquakes (FY217) Non-ordinary factors -9.9 billion yen (Except FY217 non-ordinary factors) Sales fluctuation Cost structure improvement Change of material price Depreciation Ordinary factors +12.7 billion yen +8.2 Billion yen R&D others (Except FY218 non-ordinary factors) FX impact 13. (Forecast) (FY218) Non-ordinary factors +5.4billion yen FY217 2Q FY218 2Q (forecast) 12
Forecast of Fluctuations for (FY218 2 nd Quarter- 6 months) FY218 2Q (Forecast in April) / FY218 2Q (Forecast) 96. (Forecast in Apr) +6.5 Sales fluctuation -1. Change of material price Ordinary factors +2.6 billion yen -2.9 +4.4 98.6 Other fixed expense (Except non-ordinary factors) FX impact Non-ordinary factors +4.4billion yen 13. (Forecast) +7. Billion yen FY218 2Q (Forecast in April) FY218 2Q (Forecast) 13
3. Reference Information 14
Sales Number (1, Unit) 1, 8 6 4 2 (1, Unit) 2 15 1 5 687 737 171 191 176 194 AT Sales MT Sales 869 234 224 172 172 27 475 242 168 18 24 233 FY215 FY216 FY217 FY218 Navigation System Sales 178 144 46 124 46 34 43 85 31 38 45 42 29 29 3 31 44 43 FY215 FY216 FY217 FY218 (1, Unit) 2 15 1 5 8 6 4 2 144 37 36 16 165 39 39 43 45 79 35 41 39 37 36 37 42 42 FY215 FY216 FY217 FY218 (2Q forecast) (2Q forecast) (1, Unit) Navigation Soft Sales 6 61 55 15 14 13 15 13 12 25 15 19 14 12 15 15 16 13 FY216 FY216 FY217 FY218 (2Q forecast) (2Q forecast) 15
Financial Results of the Main Consolidated Companies Ⅰ * The results of FY215 are based on JGAAP and the others are based on IFRS. AISIN SEIKI Group 2, 1,5 1, 5 3.4% 1,42.5 1,53. 48.1 AISIN AW Group 4.7% 4.9% 1,641.9 8.5 7.8 821. 2Q 46.6 1Q 414.4 FY215 FY216 FY217 FY218 3.3% 15 12 9 6 27. 3 11.9 15.1 (2Q forecast) 1,8 1,2 6 8.% 7.9% 1,276.6 1,127.2 89.7 11. 8.6% 8.6% 1,431.1 122.9 76. 2Q 381.2 1Q 378.8 FY215 FY216 FY217 FY218 65. 31.8 33.2 (2Q forecast) 18 15 12 9 6 3 16
Financial Results of the Main Consolidated Companies Ⅱ * The results of FY215 are based on JGAAP and the others are based on IFRS. AISIN TAKAOKA Group 4 3 2 1 4.3% 3.2% 4.5% 263.8 275.9 273. 11.2 12.3 8.8 137. 2Q 68.1 1Q 68.9 3.2% 4.4 2.3 2.1 3 2 1 FY215 FY216 FY217 FY218 (2Q forecast) AISIN AI Group 2 137.8 3.2% 1 15 1 5 2.1% 126.4 133.9 1.% 72.1 2.6 2Q 2.3.% 38.4 1.3 1.3 1Q. 33.7 1. FY215 FY216 FY217 FY218 (2Q forecast) 7.5 5 2.5 17
Financial Results of the Main Consolidated Companies Ⅲ * The results of FY215 are based on JGAAP and the others are based on IFRS. ADVICS Group 8 6 4 2 1.8% 1.7% 527.3 551.6 9.6 9.2 555.4 1.1% 6.1 278.9 2Q 137.8 1Q 141.1 1.1% 3. 1.9 1.1 FY215 FY216 FY217 FY218 (2Q forecast) 2 15 1 5 18
Quarterly Performance * The results of FY215 are based on JGAAP and the others are based on IFRS. Revenue (1, Unit) 223 231 223 222 22 232 22 215 226 231 227 225 217 222 25 1,2 1, 77. 727.8 756.4 773.2 771.2 792.2 843.5 838.9 838.6 858.8 97.5 957.5 917. 923. 2 8 15 6 1 4 5 2 1Q 2Q 3Q FY215 4Q 1Q 2Q 3Q FY216 4Q 1Q 2Q 3Q FY217 4Q 1Q 2Q FY218 (forecast) Operating profit (Billion 12. yen) 9. 6. 3. 5.4% 38.4 4.4% 32. 5.9% 44.9 6.5% 5.5 4.3% 33.1 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% 53.5 5.4% 49.5 8.% 6.% 4.% 2.%..% 1Q 2Q 3Q FY215 4Q 1Q 2Q 3Q FY216 4Q 1Q 2Q 3Q FY217 4Q 1Q 2Q FY218 (forecast) 19
Dividend per Share * The results before FY215 are based on JGAAP and the others are based on IFRS. FY213 FY214 FY215 FY216 FY217 FY218 (Forecast) Dividend (yen) Interim 25 35 45 5 5 - Year-end 5 6 5 5 75 - Total 75 95 95 1 125 125 Dividend Payout Ratio 27.3% 29.7% 34.6% 28.2% 28.1% 3.1% Repurchase of Treasury Stock (billion yen) 2 15 1 5 27.3% 5 49 (*1) 7 Total return Ratio*2 27.3% 29.7% 34.6% 28.2% 66.5% 89.4% (*1)Repurchasing of common stock is authorized by the board of directors meeting held in May 217 (*2) Total return Ratio= (Cash dividend paid + repurchase of treasury Stock) / Profit for the period 75 29.7% 34.6% 95 95 1 6 5 5 28.2% 28.1% 25 35 45 5 5 75 3.1% 125 125 125 FY213 FY214 FY215 FY216 FY217 FY218 (Forecast) 35% 3% 25% 2% 15% 1% 5% % 2