Japan Aviation Electronics Industry, Limited · TSE:6807

Japan Aviation Electronics Industry — H1 FY2022 Earnings Presentation

23 slides from Japan Aviation Electronics Industry's earnings presentation, Oct 26, 2022

  1. Slide 1: Financial Results for 1H FY2022 and Prospects for FY2022

    Financial Results for 1H FY2022 and Prospects for FY2022 October 26, 2022 6807 Japan Aviation Electronics Industry, Ltd. Copyright © 2022 | Japan Aviation Electronics Industry, Ltd.

  2. Slide 2: Agenda

    Agenda I. Financial Results for 1H FY2022 II. Prospects for FY2022 Copyright © 2022 | Japan Aviation Electronics Industry, Ltd. 2

  3. Slide 3: I. Financial Results for 1H FY2022

    I. Financial Results for 1H FY2022 (From April 1, 2022 to September 30, 2022) ※ Amounts less than 100 million JPY are rounded off. Copyright © 2022 | Japan Aviation Electronics Industry, Ltd. 3

  4. Slide 4: Key Points of Financial Results

    Key Points of Financial Results  Net Sales : 122.2 Billion Yen +10.2 Billion Yen (Year-on-year)  Achieved year-on-year growth, despite China lockdown and chip shortage impacting demand  Operating Profit : 10.8 Billion yen +1.6 Billion Yen (Year-on-year)  Ordinary Profit : 14.3 Billion yen +5.4 B

  5. Slide 5: Net Sales and Profits

    Net Sales and Profits (JPY in 100millions) 1H FY2022 FY2021 FY2022 Year/Year Change vs. 1H FY2022 Projections Projections announced 1H 2H 1H 1H FY2022/ 1H FY2021 Jul, 2022 Net Sales 1,120 1,131 1,222 102 109% -8 99% 1,230 Operating 92 88 108 16 117% 8 108% 100 Profit to Net Sales 8.2% 7.8% 8.9% 8.1%

  6. Slide 6: Connector Business

    Connector Business Sales by Market Segment Net sales: 107%, year/year (JPY in 100millions) Year/Year 1,069 999 Change 107％ ▶ Mobile devices • Effect of weak yen boosted overall 490 sales Mobile Devices 464 106% • Sales to Chinese smartphones customers declined significantly due to the sluggish marke

  7. Slide 7: Quarterly Sales - Connector Business

    Quarterly Sales - Connector Business ▶ Mobile devices Increase in sales for new models through 2Q ▶ Automotive Significant recovery in 2Q from lockdown impacted 1Q ▶ Industrial and Infrastructure Market remained strong from 2H of FY2021 Sales by Market Segment (JPY in 100millions) 573 528 514 495 47

  8. Slide 8: UIS Business

    UIS Business Sales by Market Segment (JPY in 100millions) Year/Year Net sales: 110%, year/year Change 61 55 110％ ▶ Automotive (Capacitive Touch Panels) • Remained at the same level as the 34 same period of the previous year, Automotive 35 99% affected by customers' production adjustments ▶ Industria

  9. Slide 9: Aerospace Business

    Aerospace Business Sales by Market Segment (JPY in 100millions) Year/Year 88 Net sales: 141%, year/year Change 141％ ▶ Industrial & infrastructure, and 63 Automotive 67  Sales of sensors for oil drilling Industrial & 155% Infrastructure 43 increased significantly and Automotive  Sales of products f

  10. Slide 10: Analysis of Change in Operating Profit (vs. 1H FY2021)

    Analysis of Change in Operating Profit (vs. 1H FY2021) Exchange rate impact (JPY in 100millions) Sales decrease Cost Production Material reduction decrease costs rise fixed cost (excl. effect of increase New product exchange rate launching change) costs, etc. ー Decrease in sales and production due t

  11. Slide 11: II. Prospects for FY2022

    II . Prospects for FY2022 Copyright © 2022 | Japan Aviation Electronics Industry, Ltd. 11

  12. Slide 12: Business Environment

    Business Environment Market environment of the first half Assumptions for the second half forecast • Smartphone market to be weakened • Production adjustment occurred and against April expectations Mobile • Demand from Chinese smartphone low-end model ratio increased at Device Chinese smartphone cus

  13. Slide 13: Prospects for FY2022

    Prospects for FY2022 ▶ Aim for record-high ordinary profit and net profit ▶ Annual dividend forecast revised up to ¥50 per share (¥15 increase from the previous year) (JPY in 100millions) FY2021 FY2022 Year/Year 1H 1H Projections Change Net Sales 1,120 2,251 1,222 2,500 249 111% Operating 92 180 108

  14. Slide 14: Projections for Net Sales by Business Segment

    Projections for Net Sales by Business Segment (JPY in 100millions) FY2021 FY2022 FY2022/ 2H FY2021 1H 2H 1H Projections Projections Connector 999 984 1,983 1,069 1,102 2,170 187 109% UIS 55 52 108 61 69 130 22 121% Aerospace 63 90 153 88 102 190 37 125% Others 4 4 8 4 6 10 2 123% Total 1,120 1,131 2

  15. Slide 15: Half Year Sales Results/Forecasts by Market - Connector Business

    Half Year Sales Results/Forecasts by Market - Connector Business Sales by Market Segment (JPY in 100millions) 1,069 1,102 999 ▶ Mobile Device 984 • Sales down from 1H due to customers‘ plan due season factor 440 490 • Sales to Chinese smartphone customers Mobile Devices 464 425 are expected to botto

  16. Slide 16: ADAS/EV Action Plan

    ADAS/EV Action Plan  ADAS Sales of connectors for ADAS (JPY in 100millions) • Expand production in response to the 200 development of vehicles by Japanese OEMs and increase profit by improving productivity 100 • Mass production development of next- generation products for models after 2024 and expa

  17. Slide 17: ADAS/EV Action Plan: Entering the eAxle market

    ADAS/EV Action Plan  Entering the eAxle market widely adopted in EVs • In addition to adoption by Japanese Tier 1, prototype adoption is progressing among OEMs for next-generation models, promoting technological development for mass production • Aiming to expand adoption globally, including Chinese

  18. Slide 18: Half Year Sales Results/Forecasts by Market - UIS Business

    Half Year Sales Results/Forecasts by Market - UIS Business Sales by Market Segment (JPY in 100millions) 69 61 ▶ Automotive 55 52 • Sales expected to recover along with 36 easing the impact of chip shortage 34 Automotive 35 28 ▶ Industrial and Infrastructure • Sales are expected to increase due to st

  19. Slide 19: Half Year Sales Results/Forecasts by Market - Aerospace Business

    Half Year Sales Results/Forecasts by Market - Aerospace Business Sales by Market Segment (JPY in 100millions) 102 ▶ Industrial & infrastructure, and 90 88 Automotive • Oil drilling: Continue to expand by 63 capturing firm demand 59 76 67 • Semiconductor: Expected to increase sales Industrial & Manuf

  20. Slide 20: Copyright © 2022 | Japan Aviation Electronics Industry, Ltd.

    Copyright © 2022 | Japan Aviation Electronics Industry, Ltd.

  21. Slide 21: Cautionary Statement

    <Cautionary Statement> The plans, strategies & results forecasts and targets for our company and our consolidated affiliates (hereinafter JAE) noted in these materials are forecasts and targets as of October 26, 2022, and include risks and uncertainties. The targets noted in these materials are not

  22. Slide 22: Net Sales and Profits by Business Segment

    Net Sales and Profits by Business Segment (JPY in 100millions) 1H FY2022 FY2021 FY2022 Year/Year Change Projections announced 1H 2H 1H 1H FY2022/1H FY2021 Jul, 2022 Sales 999 984 1,069 70 107% 1,075 Connector Segment Profit 108.9 95.1 111.1 2.3 102% － to Net Sales 10.9% 9.7% 10.4% Sales 55 52 61 5 1

  23. Slide 23: Projections for Net Sales by Market Segment

    Projections for Net Sales by Market Segment (JPY in 100millions) FY2021 FY2022 Year/Year 2H Change 1H 2H 1H Projections Projections Mobile 464 425 889 490 440 930 41 105% Devices Automotive 423 418 841 443 522 965 124 115% Industrial & 178 215 393 227 258 485 92 123% Infrastructure Others 56 72 127

Japan Aviation Electronics Industry — H1 FY2022 Earnings Presentation on 6ix