Mazda Motor Corp. · TSE:7261
Mazda Motor — Q1 FY2009 Earnings Presentation
22 slides from Mazda Motor's earnings presentation, Jul 30, 2009
Slide 1: FY2009 1st Quarter Results
FY2009 1st QUARTER RESULTS New Axela Sport 20S Mazda Motor Corporation July 30, 2009 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE Overview FY2009 1st Quarter Results In Summary 2
Slide 3: Overview
OVERVIEW 3
Slide 4: Overview
OVERVIEW Revenue was ¥428.2 billion, operating loss was ¥28.0 billion and net loss was ¥21.5 billion. Operating loss reduced by about 60% from the prior 4th quarter Initiatives such as Cost Innovation, fixed cost reduction and inventory adjustment steadily progressed Global sales volume was 263,000
Slide 5: FY2009 1st Quarter Results
FY2009 1st QUARTER RESULTS 5
Slide 6: FY2009 1st Quarter Financial Metrics
FY2009 1st QUARTER FINANCIAL METRICS Better/(Worse) than FY2008 (Billion yen) 1st Quarter 1st Quarter 4th Quarter FY2009 FY2008 Amount Pct. Amount Revenue 428.2 771.8 (343.6) (45) % (19.8) Operating profit (28.0) 28.3 (56.3) - 36.9 Ordinary profit (32.7) 22.9 (55.6) - 38.1 Profit before tax (33.5) 2
Slide 7: Free Cash Flow
FREE CASH FLOW Off to a good start to achieve positive cash flow in the full year Achieved positive operating cash flow in the 1st quarter of FY2009 Operating cash flow 1.5 Investing cash flow (11.3) Total (9.8) 67.5 Positive position in full year (13.9) (9.8) (8.3) (Billion yen) (174.5) Full 1Q 2Q
Slide 8: Key Data
KEY DATA 1st Quarter Change FY2009 FY2008 From FY2008 Global sales volume (000) Japan 41 54 (13) North America 74 109 (35) USA 47 76 (29) Europe 59 93 (34) China 41 33 8 Other 48 69 (21) Total 263 358 (95) Exchange rate Yen / U.S. Dollar 97 105 (8) Yen / Euro 133 163 (30) 8
Slide 9: Market
MARKET Japan New Axela was off to a good start, receiving 7,600 initial orders, which are 3.8 times more than monthly sales plan (2,000 units). About a half of the sales is i-stop model North America Inventory adjustment was completed in the US. Launches of the new Mazda3 started, receiving high acc
Slide 10: Operating Profit Change
OPERATING PROFIT CHANGE FY2009 1st Quarter Compared With FY2008 1st Quarter (Billion yen) Improvement Lower global sales (Deterioration) 50 FY2008 28.3 Vol & Mix US Dollar (3.1) Euro (8.3) Other (17.9) 0 Others + 19.8 Marketing Exchange Expenses FY2009 (68.8) CR + 11.2 (50) (28.0) Product + 13.7 Enh
Slide 11: Operating Profit Change
OPERATING PROFIT CHANGE FY2009 1st Quarter Compared With FY2008 1st Quarter (Billion yen) Improvement Efficient marketing activities (Deterioration) 50 FY2008 Fixed cost 28.3 Vol & Mix reduction Cost Innovation initiatives 0 Others + 19.8 Marketing Exchange Expenses FY2009 (68.8) CR + 11.2 (50) (28.
Slide 12: Revenue and Profit Trend
REVENUE AND PROFIT TREND Revenue 803.7 (Billion yen) 771.8 512.4 448.0 28.3 32.4 428.2 Operating profit (Billion yen) ・Exchange (28.0) (24.2) ・Cost Innovation 36.9 initiatives (64.9) ・Fixed cost reductions, FY2008 FY2009 etc. (000) 1Q 2Q 3Q 4Q 1Q Global sales volume 358 343 263 297 263 Global produc
Slide 13: Topics
TOPICS Successfully developed the new Aqua-tech Paint System, which has the world's lowest environmental impact of water- based paint systems, and introduced it to Ujina Plant No.1 Mazda RX-8 Hydrogen RE vehicle with Norwegian specifications took part in ceremonies marking the official opening of Hy
Slide 14: In Summary
IN SUMMARY 14
Slide 15: In Summary
IN SUMMARY Off to the good start to return to profitability in operating profit in the 2nd half Operating loss reduced by about 60% (¥36.9 billion) from the prior 4th quarter due to Cost Innovation initiatives, fixed cost reductions, etc. Inventory adjustment was completed in Europe and USA Full con
Slide 16: 16
16
Slide 17: Appendix
APPENDIX 17
Slide 18: FY2009 Forecast Financial Metrics
FY2009 FORECAST FINANCIAL METRICS FY2009 Forecast (Billion yen) 1st Half 2nd Half Full Year Revenue 930.0 1,100.0 2,030.0 Operating profit (60.0) 10.0 (50.0) Ordinary profit (67.0) 7.0 (60.0) Profit before tax (69.0) 4.0 (65.0) Net income (50.0) 0.0 (50.0) Operating ROS (6.5) % 0.9 % (2.5) pts EPS (
Slide 19: Key Data
KEY DATA 1st Quarter (000) FY2009 FY2008 Change Consol. Wholesales Japan 42 56 (14) North America 53 102 (49) Europe 43 83 (40) China 2 6 (4) Other 41 71 (30) Total 181 318 (137) 19
Slide 20: Revenue by Geographic Area
REVENUE BY GEOGRAPHIC AREA (Billion yen) 771.8 803.7 69.7 Other 78.2 Europe 216.1 600 205.9 512.4 46.9 448.0 428.2 North 34.0 America 231.7 114.7 48.9 216.5 104.2 95.5 300 122.5 106.6 100.5 Japan 286.1 271.3 228.1 203.3 183.2 0 FY2008 FY2009 1Q 2Q 3Q 4Q 1Q 20
Slide 21: Revenue by Product
REVENUE BY PRODUCT (Billion yen) 771.8 803.7 73.6 Other 77.4 78.8 Parts 72.2 600 512.4 448.0 428.2 73.6 Vehicle / Parts for 59.5 67.2 overseas 56.1 production 62.3 53.1 651.3 300 622.2 379.3 318.5 319.1 0 FY2008 FY2009 1Q 2Q 3Q 4Q 1Q 21
Slide 22: 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