FY2018 2 nd QTR Consolidated Financial Result Overview October 30 th , 2018 Toshinori Kobayashi Director The earnings projections and other forward-looking statements herein are based on certain assumptions made in light of the information currently available to ALPINE and include potential risks and uncertainty. Actual results could differ from these forecasts due to changes in various factors surrounding the businesses of the Company.
FY2018 2 nd QTR Consolidated Financial Result Overview
-2- Consolidated Financial Result Overview % FY2017 FY2018 Exchange Rate Impact (vs. FY2017) (Ended Mar.2018 ) (Ending Mar.2019) + ¥20.8bln ¥126.2bln ¥147.1bln Net Sales +¥20.3bln Net sales + 16.5 ％ Exchange Rate Impact ＋ ¥0.5bln Operating + ¥3.8bln ≪ Details ≫ ¥7.6bln ¥3.7bln + 101.4 ％ ・ USD △ ¥0.5bln Income ・ EUR + ¥0.5bln ・ CNY + ¥0.5bln Ordinary + ¥2.9bln ¥6.8bln ¥3.8bln + 77.8 ％ Income 【 Foreiign Exchange Sensitivity 】 + ¥2.5bln Profit attributable to Impact on Operating Income ¥2.4bln ¥4.9bln + 107.0 % owners of parent ・ USD per ¥1 ¥20mil/year ・ EUR per ¥1 ¥60mil/year ・ CNY per ¥0.1 ¥170mil/year ¥111.1 ／ USD △ ¥0.8/USD ¥110.3 ／ USD Exchange Rate ¥126.3 ／ EUR ¥129.9 ／ EUR + ¥3.6/EUR ¥16.4 ／ CNY ¥16.8 ／ CNY + ¥0.3/CNY E.P.S ¥34.87 ¥72.16 *Special Dividends ¥100 included ¥30 (full year) ¥130 (forecast) Dividend (Record Date: October 15, 2018) R.O.E. 1.7% 3.2% R.O.A. 2.2% 1.2%
-3- Quarterly Result (Segment) Audio Unit: ¥ billion Information & Quarterly Net Sales Communication Sales Quarterly Operating Income Operating Operating Income Ratio Income FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q JPY/USD 98.8 99.0 100.5 102.8 102.2 103.9 114.5 119.1 121.4 122.2 121.5 115.5 108.1 102.4 109.3 113.6 111.1 111.0 113.0 108.3 109.1 111.5 JPY/EUR 129.0 131.1 136.7 140.8 140.1 137.8 143.1 134.2 134.2 136.0 133.0 127.2 122.0 114.3 117.8 121.1 122.2 130.4 133.0 133.2 130.1 129.6 JPY/CNY 16.1 16.2 16.5 16.9 16.4 16.9 18.6 19.1 19.6 19.3 18.9 17.6 16.5 15.4 16.0 16.6 16.2 16.6 17.1 17.1 17.1 16.4 JPY/USD 100.2 109.9 120.1 108.4 110.9 110.3 JPY/EUR 134.4 138.8 132.6 118.8 129.7 129.9 JPY/CNY 16.4 17.7 18.9 16.1 16.8 16.8
-4- Quarterly Result (After & OEM) Others After Unit: ¥ billion Quarterly Net Sales OEM Sales 285.8 294.5 273.0 247.7 275.2 77.7 73.4 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q JPY/USD 98.8 99.0 100.5 102.8 102.2 103.9 114.5 119.1 121.4 122.2 121.5 115.5 108.1 102.4 109.3 113.6 111.1 111.0 113.0 108.3 109.1 111.5 JPY/EUR 129.0 131.1 136.7 140.8 140.1 137.8 143.1 134.2 134.2 136.0 133.0 127.2 122.0 114.3 117.8 121.1 122.2 130.4 133.0 133.2 130.1 129.6 JPY/CNY 16.1 16.2 16.5 16.9 16.4 16.9 18.6 19.1 19.6 19.3 18.9 17.6 16.5 15.4 16.0 16.6 16.2 16.6 17.1 17.1 17.1 16.4 100.2 109.9 120.1 108.4 110.9 110.3 JPY/USD 134.4 138.8 132.6 118.8 129.7 129.9 JPY/EUR JPY/CNY 16.4 17.7 18.9 16.1 16.8 16.8
-5- Net Sales Result (Segment/ After & OEM) Unit: ¥ billion vs .FY2017 + 20.8 Others Audio After Information & [Net Sales Change +20.3, Exchange Rate Impact +0.5] Communication OEM Segment After & OEM 147.1 147.1 + 1.5(+7.5%) + 1.7(+6.7%) 126.2 126.2 27.5 VS FY2017 VS FY2017 22.5 (19%) Net Sales Change +1.5 (15%) Net Sales Change +1.7 25.8 20.9 Exchange Rate Exchange Rate (20%) (17%) Impact +0 Impact +0 +19.4(+19.4%) +19.1(+19.1%) 119.6 119.6 VS FY2017 VS FY2017 100.4 100.2 Net Sales Change (81%) Net Sales Change (81%) (81%) (79%) (80%) +18.9 (78%) +18.6 (78%) Exchange Rate Exchange Rate Impact +0.5 Impact +0.5 FY2017 FY2018 FY2017 FY2018 2QTR 2QTR 2QTR 2QTR ¥111.1/USD ¥110.3/USD ¥111.1/USD ¥110.3/USD ¥126.3/EUR ¥129.9/EUR ¥126.3/EUR ¥129.9/EUR ¥16.4/CNY ¥16.8/CNY ¥16.4/CNY ¥16.8/CNY
-6- Net Sales by Area Audio Information & Unit: ¥ billion FY2017 2QTR FY2018 2QTR Communication ¥111.1/USD ¥110.3/USD ¥126.3/EUR ¥129.9/EUR ¥16.4/CNY ¥16.8/CNY US EU Japan Asia & Others △ 1.6 ＋ 8.2 +1.6 +12.7 Vs. FY2017 ( ＋ 10.9%) ( △ 3.8%) ( ＋ 18.4%) ( ＋ 58.5%) △ 1.3 ＋ 7.9 ＋ 12.2 ＋ 1.6 Net Sales Change △ 0.3 ＋ 0.3 Exchange Rate +0.5 - Impact 52.7 44.8 44.5 43.1 7.9 34.4 7.0 13.3 13.5 21.7 4.4 16.8 15.1 44.7 4.3 37.4 1.5 1.0 31.4 29.5 29.9 17.3 15.2 14.1 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 2QTR 2QTR 2QTR 2QTR 2QTR 2QTR 2QTR 2QTR
-7- Operating Income Operating Income Plus Factor Unit: ¥ billion Negative Factor vs. 2017 +3.8 4.3 △ 6.3 +0.4 +0.3 △ 0.8 +5.9 7.6 3.7 FY2017 Net Sales Exchange Cost Product mix R&D Other FY2018 2nd QTR Change Rate Improvement Selling Price Cost Expenses 2nd QTR Result Impact Result
-8- Operating Income (vs Apr. 26 th Forecast) Operating Income Plus Factor Unit: ¥ billion Negative Factor vs. Apr. 26 th +1.6 +1.0 +1.0 △ 0.4 +1.8 △ 1.5 △ 0.2 7.6 6.0 4/26Forecast Net Sales Exchange Cost Product mix R&D Other FY2018 Change Rate Improvement Selling Price Cost Expenses 2nd QTR Impact Result
-9- Investment & Inventory Unit: ¥ billion 30.7 30 27.8 25 20 15 8.2 10 7.9 5.9 4.1 3.6 3.3 5 0 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 2Q 2Q 2Q 2Q 2Q 2Q FY-End 2Q R&D CAPEX Amortization Inventory Depreciation
-10- Cash Flow （ 2 nd QTR total ） Unit: ¥ billion Operating Investment Free CF CF CF Point Free CF △ 4.1 １． Operating CF ＋ 6.7 Increase Factor Decrease Factor 10.0 ・ Profit before income taxes ・ Increase in notes and 6.7 accounts payable-trade △ 3.1 +6.8 ・ Depreciation +3.6 ・ Increase in inventories △ 2.3 ・ Trade Payables ＋ 2.6 ・ Income Taxes etc. △ 2.5 0.1 0 2 ． Investment CF △ 10.8 Increase Factor Decrease Factor △ 4.1 ・ Fixed Asset △ 5.1 △ 10.0 △ 8.3 △ 8.1 ・ Investments △ 3.3 △ 10.8 FY2017 FY2018 2 nd QTR 2 nd QTR
FY2018 Consolidated Financial Forecast
-12- Consolidated Financial Result / Forecast FY2017 (ended Mar. 2018) FY2018 (ending Mar.2019) 1 st Half 2 nd Half 1 st Half 2 nd Half Total vs. FY2017 Total ¥295.0bln ¥19.7bln ¥275.2bln ¥147.1bln ¥126.2bln ¥149.0bln ¥147.8bln Net sales Operating ¥13.7bln ¥7.6bln ¥13.0bln △ 0.7bln ¥3.7bln ¥9.9bln ¥5.3bln Income Ordinary ¥13.6bln ¥6.8bln ¥5.1bln ¥12.0bln △ 1.6bln ¥3.8bln ¥9.8bln Income Profit attributable to ¥4.9bln ¥5.0bln ¥10.0bln ¥0.7bln ¥2.4bln ¥6.9bln ¥9.3bln owners of parent △ ¥2.3/USD ¥108.6/USD ¥111.1/USD ¥110.6/USD ¥110.9/USD ¥110.3/USD ¥107.0/USD ¥126.3/EUR ¥133.1/EUR ¥129.9/EUR ¥131.0/EUR ¥130.4/EUR +¥0.7/EUR ¥129.7/EUR ¥16.9/CNY +¥0.1/CNY ¥16.4/CNY ¥17.1/CNY ¥16.8/CNY ¥16.8/CNY ¥17.0/CNY E.P.S ¥145.03 ¥9.76 ¥135.27 *Special Dividends ¥100 included Dividend ¥30(full year) +¥100.00 ¥130(forecast) (Record Date: October 15, 2018) 6.3% - 6.3% R.O.E. 4.5% 0.1% 4.4% R.O.A.
-13- Net Sales Forecast (Segment/ After & OEM) Unit: ¥ billion vs .FY2017 + 19.7 Others Audio After [Net Sales Change +22.4, Exchange Rate Impact △ 2.7] Information & Communication OEM Segment After & OEM 295.0 295.0 + 0.7(+1.3%) + 0.7(+1.6%) 275.2 275.2 VS FY2017 54.7 VS FY2017 44.5 Net Sales Change 54.0 (19%) Net Sales Change 43.8 (15%) +1.5 +0.9 (20%) (16%) Exchange Rate Exchange Rate Impact △ 0.8 Impact △ 0.2 +19.1(+8.6%) +19.0(+8.6%) 240.2 240.7 221.2 VS FY2017 221.6 VS FY2017 (81%) (82%) Net Sales Change Net Sales Change (80%) (81%) +20.9 +21.6 Exchange Rate Exchange Rate Impact △ 1.9 Impact △ 2.5 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 2017 年度 2018 年度 Result Forecast Result Forecast Result Forecast 実績 予想 (ended Mar. 2018) (ending Mar. 2019) (ended Mar. 2018) (ending Mar. 2019) (ended Mar.2018) (ending Mar.2019) ¥108.6/USD ¥108.6/USD ¥110.9/USD ¥110.9/USD ¥129.7/EUR ¥130.4/EUR ¥129.7/EUR ¥130.4/EUR ¥16.9/CNY ¥16.8/CNY ¥16.9/CNY ¥16.8/CNY
-14- Net Sales by Area (Total) Audio Information & Unit: ¥ billion FY2017 Result FY2018 Forecast Communication ¥110.9/USD ¥108.6/USD ¥129.7/EUR ¥130.4/EUR ¥16.8/CNY ¥16.9/CNY US EU Japan Asia & Others △ 5.9 ＋ 10.2 +2.5 +12.9 Vs. FY2017 ( ＋ 7.8%) ( △ 6.5%) ( ＋ 10.5%) ( ＋ 23.5%) △ 4.5 ＋ 11.8 ＋ 12.6 ＋ 2.5 Net Sales Change △ 1.4 △ 1.6 Exchange Rate +0.3 - Impact 107.1 96.9 91.2 85.3 17.1 14.6 67.9 27.6 55.0 27.0 7.9 32.0 34.5 9.5 90.1 82.2 2.8 63.5 2.0 60.1 58.4 45.5 31.7 29.9
-15- Investment & Asset Planning Unit: ¥ billion 35 28.1 27.8 30 25 19.4 20 17.5 14.7 15 8.6 7.7 10 7.0 5 0 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 FY2017 FY2018 R&D CAPEX Amortization Inventory Depreciation
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