Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 2024 Earnings Presentation
25 slides from Toyota Motor's earnings presentation, Nov 1, 2023
Slide 1: FY2024 Second Quarter Financial Results
FY2024 Second Quarter Financial Results LF-ZC Toyota Motor Corporation November 1, 2023 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading This presentation contains forward-looking statements that reflect Toyota’s plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and u
Slide 3: FY2024 Second Quarter Financial Results Summary
FY2024 Second Quarter Financial Results Summary Performance (FY2024 First Half): Operating income 2 trillion 559.2 billion yen ・We are grateful for the support of many stakeholders, from production to logistics, sales, and services, including suppliers. ・As a result of selling each car meticulously
Slide 4: FY2024 Second Quarter Financial Performance
FY2024 Second Quarter Financial Performance 4
Slide 5: Consolidated Vehicle Sales (FY2024 First Half)
Consolidated Vehicle Sales (FY2024 First Half) (thousands of vehicles) 5,000 4,744 114.1％ 4,159 Japan 4,000 1,072 123.3％ N. America 869 Europe 3,000 1,385 111.2％ 1,245 Asia 2,000 479 557 116.2％ Other Central and 1,000 817 895 109.6％ South America, Oceania, Africa, 749 835 111.5％ The Middle East, etc
Slide 6: Consolidated Financial Summary (FY2024 First Half)
Consolidated Financial Summary (FY2024 First Half) (billions of yen) '22.4-9 '23.4-9 Change Sales Revenues 17,709.3 21,981.6 +4,272.2 Operating Income 1,141.4 2,559.2 +1,417.8 Margin 6.4% 11.6% Other Income 692.8 962.2 +269.3 Share of Profit (Loss) of Investments Accounted for Using the Equity Metho
Slide 7: Analysis of Consolidated Operating Income (FY2024 First Half)
Analysis of Consolidated Operating Income (FY2024 First Half) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： +960.0 +1,290.0 -220.0 +197.8 2,559.2 Which includes: Soaring Materials Prices -315.0 Increase or Other *4 Cost Reduction +205
Slide 8: Geographic Operating Income (FY2024 First Half)
Geographic Operating Income (FY2024 First Half) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other Incl. China (excl. investments accounted for using the equity
Slide 9: China Business / Financial Services (FY2024 First Half)
China Business / Financial Services (FY2024 First Half) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relatin
Slide 10: Shareholder Return
Shareholder Return TOYOTA 10
Slide 11: Dividends
Dividends The policy to “increase dividends stably and continuously" in order to reward long-term shareholders. Interim dividend is 30 yen (+5 yen YoY) . 60 60 52 (yen) 50 48 44 Year-end Dividend* 40 35 28 Interim Dividend* 27 30 24 +5 20 21 30 24 25 10 20 Special Dividend: 1 yen 0 ‘20.3 ‘21.3 ‘
Slide 12: Share Repurchases
Share Repurchases The policy to “conduct share repurchases flexibly taking into account our share price levels etc." Set aside 100 billion yen as the maximum amount of interim repurchases (-50 billion yen YoY) . 400 (billions of yen) Amount of Share 185.6 Repurchases No interim No year-end repur
Slide 13: FY2024 Financial Forecasts
FY2024 Financial Forecasts 13
Slide 14: FY2024 Forecast: Consolidated Vehicle Sales
FY2024 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,600 9,600 100.0% 8,822 Japan 2,320 2,320 100.0% 8,000 2,069 N. America Europe 6,000 2,660 2,730 102.6% 2,407 Asia 4,000 1,130 1,150 101.8% 1,030 Other Central and 1,870 1,760 94.1% 1,751 South America, 2,000 Oceania, 1,620
Slide 15: FY2024 Forecast: Consolidated Financial Summary
FY2024 Forecast: Consolidated Financial Summary （billions of yen） FY23 Results Previous Forecast New Forecast Change '22.4-'23.3 '23.4-'24.3 '23.4-'24.3 Sales Revenues 38,000.0 43,000.0 +5,000.0 37,154.2 Operating Income 3,000.0 4,500.0 +1,500.0 2,725.0 Margin 7.9% 10.5% 7.3% Other Income 690.0 1,05
Slide 16: Analysis of FY2024 Forecast: Consolidated Operating Income (vs. Previous Forecast)
Analysis of FY2024 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.：+360.0 4,500.0 -110.0 -40.0 +100.0 +370.0 Increase or Other *4 3,000.0 Cost Reduction Marketing Decrease i
Slide 17: Analysis of FY2024 Forecast: Consolidated Operating Income (vs. FY2023)
Analysis of FY2024 Forecast: Consolidated Operating Income (vs. FY2023 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： +1,235.0 4,500.0 -370.0 +235.0 Increase or +305.0 -50.0 2,725.0 Cost Decrease in Other *4 +1,655.0 Expenses
Slide 18: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,418 112.7% 2,146 540 Japan 2,000 115.8% N.America 466 Europe 1,500 703 115.2% Asia 610 Other 1,000 231 270 116.9% Central and 456 478 104.9% South America, Oceania, 500 Africa, 383 426 111.3% The Middle East, 0 etc. '22.7-9
Slide 19: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) '22.7-9 '23.7-9 Change Sales Revenues 9,218.2 11,434.7 +2,216.5 Operating Income 562.7 1,438.3 +875.6 Margin 6.1% 12.6% Other Income 249.7 362.5 +112.8 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 133.5
Slide 20: (Ref.) Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： +585.0 +690.0 -150.0 +145.6 1,438.3 Increase or Other *4 Which includes: Soaring Materials Prices -85.0 Decrease in Cost Reducti
Slide 21: (Ref.) Geographic Operating Income (3 months)
(Ref.) Geographic Operating Income (3 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] margin Consolidated Vehicle Sales (thousands of vehicles) Japan N.America Europe Asia Other Incl. China (excl. investments accounted 703（115.2%） for using t
Slide 22: (Ref.) China Business / Financial Services (3 months)
(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity Excluding Valuation Gains/Losses relating to
Slide 23: (Ref.) Transition of Financial Performance
(Ref.) Transition of Financial Performance Net Income Attributable to Consolidated Vehicle Sales Sales Revenues (trillions of yen) Operating Income (billions of yen) Toyota Motor Corporation (thousands of vehicles) Operating Margin (%) (billions of yen) 43.0 10.5 9,600 Net Margin (%) 8,955 8,822 37.
Slide 24: (Ref.) FY2024 Forecast: Vehicle Production and Retail Sales
(Ref.) FY2024 Forecast: Vehicle Production and Retail Sales （thousands of vehicles） Previous Forecast New Forecast FY23 Results Change '23.4-'24.3 '23.4-'24.3 '22.4-'23.3 Japan 3,250 3,340 +90 2,787 Vehicle 生産 Overseas Production * 6,850 6,760 -90 6,343 Toyota & Lexus Total 10,100 10,100 ±0 9,130 Re
Slide 25: (Ref.) Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales Customers Toyota and Lexus Vehicle Sales Number of vehicles produced for wholesale by Toyota Motor Corpor