Mazda Motor Corp. · TSE:7261
Mazda Motor — Q3 FY2011 Earnings Presentation
31 slides from Mazda Motor's earnings presentation, Feb 3, 2011
Slide 1: Fiscal Year Ending March 2011 Third Quarter Financial Results
FISCAL YEAR ENDING MARCH 2011 THIRD QUARTER FINANCIAL RESULTS Mazda5 (North American specification) Mazda Motor Corporation February 3, 2011 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE Highlights Fiscal Year Ending March 2011 First Nine Months Results In Summary 2
Slide 3: Highlights
HIGHLIGHTS 3
Slide 4: Highlights (1)
HIGHLIGHTS (1) In the first nine months, revenue was ¥1,717.9 billion, up 11% year-over-year, and operating profit was ¥13.2 billion. Net income was also positive at ¥2.8 billion Continue positive operating profit under tough business environment such as continued strong yen and material price hikes
Slide 5: Highlights (2)
HIGHLIGHTS (2) Achieved record high sales volume in China thanks to strong sales of Mazda6 and Mazda3 (while production was transferred to Nanjing). Enhanced the product lineup by Mazda8/MPV introduction in December Achieved record high sales volume and share in the last ten years in emerging countr
Slide 6: Fiscal Year Ending March 2011 First Nine Months Results
FISCAL YEAR ENDING MARCH 2011 FIRST NINE MONTHS RESULTS 6
Slide 7: FY Ending March 2011 Financial Metrics
FY ENDING MARCH 2011 FINANCIAL METRICS Nine Months Total Change FY Ending FY Ending (Billion yen) March 2011 March 2010 Amount YOY(%) Revenue 1,717.9 1,547.9 170.0 11 Operating profit 13.2 (11.0) 24.2 - Ordinary profit 23.1 (18.9) 42.0 - Profit before tax 18.7 (21.4) 40.1 - Net income 2.8 (16.4) 19.
Slide 8: Cash Flow and Net Debt
CASH FLOW AND NET DEBT Nine Months Total FY Ending Improvement / (Deterioration) FY Ending FY Ending March 2010 from from Prior (Billion yen) March 2011 March 2010 Full Year Prior Year FY End Free Cash Flow (40.0) 25.4 67.4 - - Net Debt (424.4) (418.4) (375.8) (6.0) (48.6) Net Debt-to-equity Ratio 8
Slide 9: Key Data
KEY DATA Nine Months Total Change FY Ending FY Ending March 2011 March 2010 Volume YOY (%) Global sales volume (000) Japan 153 150 3 2 North America 257 228 29 13 USA 174 154 20 13 Europe 155 176 (21) (12) China 186 142 44 31 Other Markets 206 168 38 23 Total 957 864 93 11 Exchange rate US$ / Yen 87
Slide 10: Japan
JAPAN Nine Months Sales Volume (000) / Share (%) 10 150 153 150 2% New Premacy 100 4.4 4.4 5 Achieve 153,000 units sales, up 2% from the prior year Successful launch of the New 50 Premacy and special edition versions contributed to sales growth Maintained the sales at the same 0 0 level as the prior
Slide 11: North America
NORTH AMERICA Nine Months Sales Volume (000) / US Share (%) 4 257 228 Canada, 13% others 200 Canada, others 83 74 Mazda3 Sales increased by 13% from the 2 prior year to 257,000 units thanks to brisk sales of Mazda3, CX-7 and CX-9 1.9 1.9 100 Achieved the highest share of 1.8% in the US based on non-
Slide 12: Europe
EUROPE Nine Months Sales Volume (000) / Share (%) 200 4 176 155 (12)% Mazda CX-7 100 2 Due to total industry decline, sales decreased 12% from the prior year to 1.3 1.2 155,000 units Launched the New Mazda5 in October following on from Japan Achieved sales increase of 14% from the prior year in Russ
Slide 13: China
CHINA Nine Months Sales Volume (000) / Share (%) 200 186 142 31% 2 Mazda8 Achieved the highest sales of 186,000 100 units, up 31% from the prior year thanks to strong sales of main 1.4 models including Mazda3 and Mazda6 1.3 Share increased 0.1 point from the prior year to 1.4% In CY2010, achieved th
Slide 14: Other Markets
OTHER MARKETS Nine Months Sales Volume (000) / Share in Australia (%) 20 206 200 168 15 23% AAT-produced Mazda2 Total sales in other markets 10 increased 23% from the prior year to 100 8.1 8.1 206,000 units AAT-produced Mazda2 substantially contributed to strong sales 5 performance in ASEAN countrie
Slide 15: Operating Profit Change
OPERATING PROFIT CHANGE FY Ending March 2011 Nine Months Compared with FY Ending March 2010 Nine Months (Billion yen) Vol. & Mix 30.0 + 38.0 Exchange US Dollar (13.6) Euro (16.2) FY Ending 20.0 Other 0.4 March 2011 Other + 15.0 13.2 Cost 10.0 Improvement Marketing + 6.9 Expense 0.0 (29.4) (6.3) Impr
Slide 16: Future Actions
FUTURE ACTIONS Sales and Marketing – Continue policy to improve brand value and globally implement “Tsunagari Innovation” ・ Japan: Expand sales by enhancing advertisement and communications, and introducing special-edition models ・ North America: Reinforce sales of volume-selling Mazda3 and strong-
Slide 17: In Summary (1)
IN SUMMARY (1) The first nine months’ revenue is up by 11% and profits in all categories are positive Achieved sales increase in major markets due to strong sales of core models such as Mazda2/Demio, Mazda3, Mazda6 and CX-7 Achieved record high sales volume and share in emerging countries such as Ch
Slide 18: In Summary (2)
IN SUMMARY (2) Next-generation technologies SKYACTIV are highly acclaimed by media in Japan and overseas “Revolutionary internal combustion engines. Improvement of engine performance does realize sustainable society” “A vehicle with an engine, transmission, body and suspension which advance about 2
Slide 19: 19
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Slide 20: Appendix
APPENDIX 20
Slide 21: Revenue by Geographic Area
REVENUE BY GEOGRAPHIC AREA (Billion yen) 616.0 600 562.1 578.0 579.7 560.2 557.6 65.6 51.6 69.7 73.1 57.4 66.8 128.9 428.2 137.5 118.0 93.1 96.5 112.9 Other 48.9 Europe 95.5 163.3 140.3 175.0 300 137.3 164.9 160.5 North America 100.5 269.8 220.0 235.7 258.3 240.2 Japan 217.2 183.2 0 1Q 2Q 3Q 4Q 1Q 2
Slide 22: Revenue by Product
REVENUE BY PRODUCT (Billion yen) 616.0 600 578.0 579.7 560.2 562.1 557.6 65.6 61.8 67.2 62.0 55.8 57.0 63.5 53.7 55.6 57.3 59.0 53.3 428.2 Other 56.1 Parts 53.1 300 493.5 462.6 442.8 442.7 456.9 443.4 Vehicle / Parts for 319.1 overseas production 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY Ending March 2010 FY Ending
Slide 23: Revenue Change
REVENUE CHANGE FY Ending March 2011 Nine Months Compared with FY Ending March 2010 Nine Months (Billion yen) FY Ending March 2011 1,717.9 Japan 0% FY Ending March 2010 1,547.9 Overseas 15% 15% 15% 11% 5% (4)% (5)% Total Vol. & Mix Exchange 23
Slide 24: FY Ending March 2011 Financial Metrics (Third Quarter)
FY ENDING MARCH 2011 FINANCIAL METRICS Third Quarter Change FY Ending FY Ending (Billion yen) March 2011 March 2010 Amount YOY (%) Revenue 560.2 557.6 2.6 1 Operating profit 1.0 11.1 (10.1) (90) Ordinary profit 2.3 10.7 (8.4) (79) Profit before tax 1.8 10.2 (8.4) (82) Net income (2.7) 4.4 (7.1) - Op
Slide 25: Revenue Change
REVENUE CHANGE FY Ending March 2011 3rd Quarter Compared with FY Ending March 2010 3rd Quarter (Billion yen) FY Ending March 2011 560.2 FY Ending March 2010 557.6 Japan (5)% Overseas 11% 5% 6% 1% (5)% Total Vol. & Mix Exhange (5)% 25
Slide 26: Operating Profit Change
OPERATING PROFIT CHANGE FY Ending March 2011 3rd Quarter Compared with FY Ending March 2010 3rd Quarter (Billion yen) 20.0 Improvement Vol. & Mix (Deterioration) + 5.0 Exchange FY Ending 15.0 March 2010 11.1 10.0 Cost Improvement Marketing + 2.8 Expense FY Ending 5.0 March 2011 Other 1.0 (14.3) (2.4
Slide 27: Key Data
KEY DATA FY Ending March 2011 Change from Prior Year Third Nine Third Nine Quarter Months Quarter Months Global sales volume (000) Japan 28 153 (17) 3 North America 80 257 10 29 Europe 47 155 (6) (21) China 74 186 17 44 Other Markets 69 206 7 38 Total 298 957 11 93 Consolidated wholesales (000) Japa
Slide 28: FY Ending March 2011 Financial Metrics (Full Year)
FY ENDING MARCH 2011 FINANCIAL METRICS Full Year Change FY Ending FY Ending (Billion yen) March 2011 March 2010 Amount YOY(%) Revenue 2,300.0 2,163.9 136.1 6 Operating profit 25.0 9.5 15.5 164 Ordinary profit 36.0 4.6 31.4 675 Profit before tax 27.0 (7.3) 34.3 - Net income 6.0 (6.5) 12.5 - Operating
Slide 29: Key Data
KEY DATA FY Ending March 2011 Change from Prior Year 1st Half 2nd Half Full year 1st Half 2nd Half Full year Global sales volume (000) Japan 125 90 215 20 (26) (6) North America 177 181 358 19 32 51 Europe 108 110 218 (15) (6) (21) China 112 140 252 27 29 56 Other Markets 137 140 277 31 16 47 Total
Slide 30: Key Data: Capital Spending, Depreciation, R&D
KEY DATA (Billion yen) 100 95.0 Full Year 85.2 Full Year 76.4 73.0 69.2 60.0 Nine 60.1 Nine 57.4 53.9 Months Months 50 Full Year 29.8 30.0 Nine 21.1 Months 0 FY Ending FY Ending FY Ending FY Ending FY Ending FY Ending March 2010 March 2011 March 2010 March 2011 March 2010 March 2011 Capital Spending
Slide 31: Disclaimer
DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including without limitation the conditions of the world economy in the future, the trend of the automotive industry and the risk of exchange-rate fluctuations. So, please be aware that Maz