FY2009 1 st Quarter Financial Results ended June 30, 2008 July 30, 2008
Overview of FY2009 1 st Quarter Financial Results 01 / 15 1. Sales and income decreased by decrease in car 1. Sales and income decreased by decrease in car production in North America and the substantial production in North America and the substantial currency exchange loss. currency exchange loss. 2. Downward revision of FY2009 1 st -half and full year 2. Downward revision of FY2009 1 st -half and full year forecast. forecast.
FY2009 1 st Quarter Financial Results 02 / 15 (Ratio to Sales) (Unit: Billions of Yen) FY09 1Q FY08 1Q Change FY09 1Q FY08 1Q Change Sales 983.9 984.3 -0.4 -0.0% Sales 983.9 984.3 -0.4 -0.0% Operating Operating 74.2 93.3 -19.2 -20.6% 74.2 93.3 -19.2 -20.6% (7.5%) (9.5%) Income Income Income before Income before 88.6 101.8 -13.1 -12.9% 88.6 101.8 -13.1 -12.9% Income Taxes Income Taxes Net Income 51.7 67.3 -15.7 -23.3% Net Income 51.7 67.3 -15.7 -23.3% (5.3%) (6.8%) (Unit: Millions of Units) JPY104/$ JPY120/$ -JPY16 JPY104/$ JPY120/$ -JPY16 Foreign Foreign Exchange Rate JPY162/Euro JPY161/Euro +JPY1 Exchange Rate JPY162/Euro JPY161/Euro +JPY1 Domestic Car Domestic Car 2.88 2.73 +0.15 +5.5% 2.88 2.73 +0.15 +5.5% Production Production Overseas Car Overseas Car 3.15 3.10 +0.05 +1.6% 3.15 3.10 +0.05 +1.6% Production of Japanese Production of Japanese Manufacturers Manufacturers (1.14) (1.17) (-0.03) (-2.6%) (1.14) (1.17) (-0.03) (-2.6%) (North America) (North America)
Change in 1 st Quarter Consolidated Sales 03 / 15 (Unit: Billions of Yen) By Customer By Business Segment 1,000 984.3 983.9 500 1,000 984.3 983.9 Others Others 40.2 36.5 - 3.7 Others Small Others 65.3 67.1 Small 298.3 305.8 + 1.9 Motors Motors + 7.5 CHRYSLER CHRYSLER 89.8 89.4 + 0.4 Electric Electric 400 800 800 20.3 81.9 83.3 - 4.6 15.7 + 1.4 FORD Electronic 18.3 FORD Electronic 18.1 - 0.2 31.9 44.8 - 12.9 GM GM 151.3 158.0 - 6.7 Information Information 300 700 600 36.0 28.6 + 7.4 & Safety FIAT & Safety FIAT 26.6 27.4 - 0.8 SUZUKI SUZUKI + 5.0 233.3 228.3 Powertrain 71.8 Powertrain 71.1 + 0.7 200 HONDA 400 600 HONDA TOYOTA TOYOTA Group Group Thermal Thermal 100 200 500 478.0 475.5 + 2.5 322.5 321.2 + 1.3 0 0 FY08 1Q FY09 1Q FY08 1Q FY09 1Q
Change in 1 st Quarter Income before Income Taxes 04 / 15 (Unit: Billions of Yen) 101.8 -16.1 Currency exchange Non-operating loss income increase -9.9 +2.5 88.6 +3.5 +13.1 Labor cost -7.6 Production volume Extraordinary Product increase loss decrease mix -3.6 +15.5 Income -3.0 Depreciation Income before -7.6 before Income Cost reduction Income Expense Taxes and others Taxes Raw material cost FY08 FY09 1Q 1Q
1 st Quarter Geographical Segments by Company Location 05 / 15 ( ): Local Currency Base (Unit: Billions of Yen) Sales Operating Income +0.5% 650.7 55 647.6 450 52.8 650 50 400 600 45 350 40 -40.6% 300 35 31.4 -15.2% +24.5% 250 30 (-4.7%) (+37.8%) 225.2 +4.4% +3.3% 25 (+6.4%) 23.1 200 190.9 (+14.4%) 163.9 20 157.1 18.6 152.2 -23.7% 147.3 150 (-17.1%) 14.2 15 +7.3% (+8.6%) 100 10.8 10 7.0 6.5 50 5 0 0 FY08 FY09 FY08 FY09 日本 北中南米 欧州 豪亜 日本 北中南米 欧州 豪亜 1Q 1Q 1Q 1Q The Asia & The Asia & Japan Europe Japan Europe Americas Americas Oceania Oceania
FY2009 1 st Half Financial Forecast 06 / 15 (Ratio to Sales) (Unit: Billions of Yen) FY09 2Q YTD FY09 2Q YTD FY09 2Q YTD Change FY08 2Q YTD Change FY08 2Q YTD Revised Original Revised Sales 1,920.0 -27.8 -1.4% 1,947.8 Sales 1,920.0 1,950.0 -27.8 -1.4% 1,947.8 1,950.0 Operating Operating 113.0 -56.1 -33.2% 169.1 113.0 130.0 -56.1 -33.2% 169.1 130.0 (5.9%) (8.7%) Income Income (6.7%) Income before Income before 129.4 -49.1 -27.5% 178.5 129.4 140.0 -49.1 -27.5% 178.5 140.0 Income Taxes Income Taxes Net Income 76.0 -42.3 -35.8% 118.3 Net Income 76.0 91.0 -42.3 -35.8% 118.3 91.0 (4.0%) (6.1%) (4.7%) (Unit:Millions of Units) Foreign JPY104/$ JPY118/$ - JPY14 Foreign JPY104/$ JPY118/$ - JPY14 JPY100/$ JPY100/$ Exchange Rate JPY164/Euro JPY155/Euro JPY161/Euro + JPY3 Exchange Rate JPY164/Euro JPY155/Euro JPY161/Euro + JPY3 Domestic Car Domestic Car 5.84 5.48 +6.6 % +0.36 5.84 5.48 +6.6 % 5.80 +0.36 5.80 Production Production Overseas Car Production Overseas Car Production 6.26 6.04 +0.22 +3.6% 6.26 6.04 +0.22 +3.6% 6.48 of Japanese 6.48 of Japanese Manufacturers （ 2.24 ） Manufacturers （ 2.24 ） （ 2.16 ） （ 2.26 ） （ -0.10 ） （ -4.4% ） （ 2.16 ） （ 2.26 ） （ -0.10 ） （ -4.4% ） (North America) (North America)
Change in 1 st Half Income before Income Taxes 07 / 15 (Unit: Billions of Yen) 178.5 -25.0 Extraordinary loss Currency decrease exchange Non-operating loss income increase -11.5 +2.4 129.4 Raw +4.6 material -11.0 +17.0 cost Depreciation -49.6 Income Income Production before volume before increase Labor Income Income +24.0 cost Taxes Taxes Labor cost Expense Product Product Cost mix mix reduction & Others & Others FY09 2Q YTD FY08 2Q YTD
1 st Half Geographical Segments by Company Location 08 / 15 ( ): Local Currency Base (Unit: Billions of Yen) ＋ 0.7 ％ 100 1,200 1,400 95.3 1,318.0 1,309.1 Operating Income Sales 90 1,000 1,200 80 70 800 ＋ 17.4 ％ 60 - 51.7 ％ ( ＋ 30.4 ％ ) - 18.6 ％ 600 50 (- 9.2 ％ ) 46.0 45.0 ＋ 4.7 ％ ＋ 2.5 ％ 40 38.3 ( ＋ 16.4 ％ ) ( ＋ 3.6 ％ ) - 50.7 ％ 429.7 400 (- 48.1 ％ ) 350.0 30 313.0 306.0 ‐ 21.3 ％ 298.7 298.8 23.3 (- 21.1 ％ ) 20 200 11.5 11.4 9.0 10 0 0 FY08 FY09 FY08 FY09 日本 北中南米 欧州 豪亜 日本 北中南米 欧州 豪亜 2Q YTD 2Q YTD 2Q YTD 2Q YTD The Asia & The Asia & Japan Europe Japan Europe Americas Americas Oceania Oceania
FY2009 Forecast 09 / 15 (Ratio to Sales) (Unit: Billions of Yen) FY2009 FY2009 FY2009 FY2008 Change FY2008 Change Revised Original Revised Sales 4,025.1 4,000.0 -25.1 -0.6% 4,030.0 Sales 4,025.1 4,000.0 -25.1 -0.6% 4,030.0 Operating Operating 348.7 272.0 -76.7 -22.0% 289.0 348.7 272.0 -76.7 -22.0% 289.0 (8.7%) (6.8%) Income Income (7.2%) Income before Income before 297.4 364.8 -67.4 -18.5% 308.0 297.4 364.8 -67.4 -18.5% 308.0 Income Taxes Income Taxes Net Income 185.0 244.4 -59.4 -24.3% Net Income 200.0 185.0 244.4 -59.4 -24.3% 200.0 (4.6%) (6.1%) (5.0%) (Unit:Millions of Units) Foreign JPY113/$ JPY102/$ -JPY11 Foreign JPY113/$ JPY102/$ -JPY11 JPY100/$ JPY100/$ Exchange Rate JPY155/Euro JPY160/Euro JPY160/Euro - Exchange Rate JPY155/Euro JPY160/Euro JPY160/Euro - Domestic Car Domestic Car - 11.79 - - 12.13 - 11.79 - - 12.13 Production Production Overseas Car Overseas Car - 12.53 - - - 12.53 - - 13.29 Production of Japanese 13.29 Production of Japanese Manufacturers （ 4.53 ） Manufacturers （ 4.53 ） （ 4.57 ） （ - ） （ - ） （ - ） （ 4.57 ） （ - ） （ - ） （ - ） (North America) (North America)
Capital Expenditures, Depreciation and R&D 10 / 15 (Unit: Billions of Yen) 1Q Progress FY08 FY09 Change to FY09 Estimate 1Q 1Q from PY Estimate +0.9% 23.0% Japan 52.8 234.5 53.3 232.0 -7.3% 19.9% The Americas 8.4 40.0 7.8 39.0 +4.1% 30.7% Europe 6.5 31.7 6.8 22.0 -19.9% 25.4% Asia & Oceania 9.2 37.6 7.4 29.0 Capital Exp. -2.1% 23.4% 76.9 343.8 75.3 322.0 +7.2% 20.0% Japan 41.5 188.1 44.5 222.0 -5.5% 24.1% The Americas 7.2 27.5 6.8 28.0 +5.4% 25.3% Europe 6.0 24.4 6.3 25.0 +9.8% 25.2% Asia & Oceania 6.0 24.6 6.6 26.0 Depreciation +5.9% 21.3% 60.6 264.5 64.2 301.0 R&D Expenditure 69.5 311.5 72.7 311.0 +4.5% 23.4% (Ratio to Sales) (7.1%) (7.7%) (7.4%) (7.8%)
Topics 11 / 15 Improvement for Fuel Efficiency 1. Trend of auto industry and DENSO’s basic strategy 2. Direction for technology development 3. Idle stop and start system
＿．商品開発～環境分野での取り組み～ Trend of Auto Industry and DENSO’s Basic Strategy 12 / 15 Prevention from Global Warming Gasoline Price Rise ･ Rising societal demand Shift from large vehicles to ･ Achieving stricter worldwide fuel small or economical vehicles. efficiency (CO 2 emission) regulations Japan: 2010 regulation -> 2015 regulation U.S.A.: Stricter Corporate Average Fuel Economy (CAFÉ) standard (2010 ） Europe: CO 2 130g/km regulation (2012 ） <Planning> DENSO’s Basic Strategy ･ Improvement for fuel efficiency and reducing CO 2 emission as the most important issue ･ Technology development by using DENSO’s strength.
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