First-half Financial Results for FY2011 Results for the period April 1, 2010—September 30, 2010 Takata Corporation IR office TEL: 03-3582-9228 November 12, 2010 ■ Disclaimer The information provided on these materials is not intended to be and should not be construed as an inducement to purchase or sell stock in Takata Corporation. You should make any investment decisions relating to the stock in Takata Corporation on the basis of your own assessment and judgment. The information in these materials includes forward-looking statements and forecasts, as well as historical results. Please be informed that such forward-looking statements and forecasts are not guarantees of future results, but rather are inherently risky and uncertain and therefore actual results may be materially different. Takata Corporation does not assume any responsibility for any damage resulting from the use of the information contained in these materials.
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First-half Financial Results for FY2011
Results for the period April 1, 2010—September 30, 2010
Takata Corporation IR officeTEL: 03-3582-9228November 12, 2010
■ Disclaimer
The information provided on these materials is not intended to be and should not be construed as an inducement to purchase or sell stock in Takata Corporation. You should make any investment decisions relating to the stock in Takata Corporation on the basis of your own assessment and judgment. The information in these materials includes forward-looking statements and forecasts, as well as historical results.Please be informed that such forward-looking statements and forecasts are not guarantees of future results, but rather are inherently risky and uncertain and therefore actual results may be materially different. Takata Corporation does not assume any responsibility for any damage resulting from the use of the information contained in these materials.
Sales impact Rationalization R&D Depreciation FX Rates FY2011 FirstHalf
■ Major contribution from higher sales
■ Negative impact on rationalization from increased in fixed costs (personnel, SG&A)
Unit: 100 million yen, rounded down
14
Revised full-year forecasts and outlookFY ending March 31, 2011
15
Summary of revised full-year forecasts
3,5093,7003,700
323
3,000
3,200
3,400
3,600
3,800
4,000
4,200
10/3 Full year 11/3 Full year(Previous forecast)
Nov. 4 Revision
Net sales
Exchange rate effect
--80 *9092.89FX rate US$/yen
--110 *120131.18FX rate Euro/yen
37.1%4617012469Net income
29.0%55245190156Ordinary income
25.0%50250200146Operating income
-03,7003,7003,509Net sales
Change in %
Change in yen(B-A)
11/3 Full year (B) (Revised Nov. 4)
11/3 Full year (A) (Previous forecast)
10/3 Full year
Unit: 100 million yen,rounded down
* 11/3 Second half forecast rate
YoY exchange rate effect : 32.3 billion yen
16
FY2011 forecasts: Sales by region
-03,7003,7003,509Total
---700(689)(698)Eliminations
0.3%114,4004,3894,208Sub total
1.1%9810801727Asia
(2.6%)(26)970996981Europe
0.5%81,4801,4721,433Americas
1.8%201,1401,1201,065Japan
Change in %
Change in yen(B-A)
11/3 Full year (B) (Revised Nov. 4)
11/3 Full year (A) (Previous forecast)10/3 Full year
Unit: 100 million yen,rounded down
Sales by region
(prior to elimination)
1,065 1,120
1,433 1,472
981 996 970
727801 810
1,140
1,480
0
1,000
2,000
3,000
4,000
5,000
'10/3 Full year '11/3 Full year(Previous forecast)
11/3 Full year(Revised Nov. 4)
Japan Americas Europe Asia
17
FY2011 forecasts: Operating income by regionUnit: 100 million yen,
rounded down
250
(3)
253
105
26
34
88
11/3 Full year (B) (Revised)
200
0
200
98
26
26
50
11/3 Full year (A) (Previous forecast)
50
-
53
7
0
8
38
Change in yen
(B-A)
25.0%
-
26.5%
7.1%
-
30.8%
76.0%
Change in %
(3)Eliminations
84Asia
150Sub total
146Total
13
(17)
70
10/3 Full year
Americas
Europe
Japan
Operating income by region (prior to eliminations)
7050
-17
2613
26
2684
98
105
88
34
-20
80
180
10/3 Full year 11/3 Full year(Previous forecast)
FY11/3 Full year(Revised)
Asia AmericasEurope Asia
18
FY2011 forecasts: Operating income analysisUnit: 100 million yen,
rounded down
■ Large contribution from higher sales:
¥19.1 bn YoY sales growth and exchange rate effect of approximately ¥32.3 bn
122
2110 13
36 250
146
10/3 Actual Sales impact Rationalization R&D Depreciation FX rates 11/3 Forecast
19
FY2011 forecasts: R&D, capex and depreciation expenses■ 11/3 Full-year forecast
愛知川
(30)
(30)
-
(20)
Change in yen
(B-A)
(23)
(22)
(12)
Net change w/o exchange
rate effect
150180174Depreciation and Amortization
170200102Capex
4.3%4.9%4.0%R&D ratio
160180141R&D expense
11/3 Full year (B)
(Revised)
11/3 Full year (A)
(Prev. forecast)10/3 Full year
Unit: 100 million yen rounded down
4.3%4.0%
4.4%4.9%
4.4% 4.3%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
FY06 FY07 FY08 FY09 FY10 FY11F
R&D Ratio
150
170
4.3%
160
11/3 Full year (B)
(Revised)
48%
34%
ー
48%
Progress (a/B)
7289Depreciation and Amortization
5846Capex
4.0%4.4%R&D ratio
7770R&D expense
11/3 First half (a)
10/3 First half
■ 11/3 1H actual
Capex is calculated on the basis of acquired fixed and intangible assets as recorded on consolidated statements of cash flow from investing activities.
20
INVESTMENT HIGHLIGHTS
A pioneer in automotive safety systems for more than 50 years
High market share as global Top 3 specialist automotive safety systems suppliers
Supplying global automakers, with overseas sales ratio of around 80%
Vertically integrated R&D, purchasing, manufacturing and sales structure in three global regions
High credit ratings: JCR: A Moody’s: A3
21
Takata: No. 2 worldwide
■ World’s 2nd largest specialist automotive safety systems supplier
■ Approximate 20% global market share in seat belts and airbags
Global Market Share
0 500 1,000
Company B (Jpn)
Company A (Jpn)
TRW(U.S.)
Takata
Autoliv (Eur.)
Automotive safety business
Other business
Source: Takata, March 2010Notes:
1)FY2009 amounts for Autoliv and TRW as disclosed in annual reports, converted to yen at US$1 = 83yen(end Sept. 2010)2)Results for Takata and other Japanese companies are consolidated sales for the year ended March 31, 20103)Automotive safety business includes airbags, seat belts, steering wheels and related products
Unit: billion yen
Other80%
Takata20%
Other80%
Takata20%
Seat belts
Airbags
Sales comparison with industry peers*Most recent disclosed results (converted to yen)
22
Takata: Forecast global vehicle production shows steady growth(IHS data)
■ FY2013 first-half production forecast up 16% on FY2008 first-half
■ China and other BRICs countries expected to grow, with recovery of production in North America and other mature markets