Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 FY2009 Earnings Presentation
28 slides from Toyota Motor's earnings presentation, Nov 6, 2008
Slide 1: FY2009 Second Quarter Financial Results
FY2009 Second Quarter Financial Results --prepared prepared in accordance with U.S.GAAP U.S.GAAP-- Toyota Motor Corporation November 6, 2008
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 2 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 unknown risks, uncertainties and other
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 3 Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc., of Toyota which may be contained in this document is prohibited from trading in
Slide 4: Takahiko Ijichi, Senior Managing Director
Takahiko Ijichi Senior Managing Director
Slide 5: FY2009 First Half Financial Results
FY2009 First Half -For the 6 months ended Sept.30, 2008- 【Financial Results】
Slide 6: Consolidated Vehicle Sales
Consolidated Vehicle Sales 6 (thousands of vehicles) 5,000 4,301 4,250 (-51) 4,000 711 788 (+77) Other 452 (+58) 510 Central and 3,000 South America, 635 (-56) Oceania, 579 Africa, The Middle 2,000 East etc. 1,497 1,357 (-140) Asia Europe 1,000 1,006 1,016 (+10) N. America Japan 0 '07/4-9 '08/4-9 ch
Slide 7: Consolidated Financial Summary
Consolidated Financial Summary 7 (billions of yen) FY2009 First FY2008 First Change Half (’08/4-9) Half (’07/4-9) Net Revenues 12,190.4 13,012.2 -821.8 -6.3% Operating Income 582.0 1,272.1 -690.1 -54.2% Income before income taxes, minority interest and equity in earnings of affiliated companies 636.
Slide 8: Analysis of Consolidated Net Income
Analysis of Consolidated Net Income 8 (billions of yen) Net Income (-449.0) Operating Income (-690.1) Excluding: valuation profit in accounting 942.4 on interest rate swaps (-760.8) Valuation Increases Effects of Cost Non- Equity in Profit in Income Earnings of in Marketing Reduction Accounting oper
Slide 9: Geographic Operating Income: Japan (FY2009 First Half)
Geographic Operating Income:Japan (FY2009 First Half) 9 <Consolidated Vehicle Sales+Exported Vehicles* (thousands of vehicles)> 2,285 2,319 (billions of yen) 773.3 800 600 Alphard 400 321.7 200 -451.6 Vellfire 0 '07/4-9 '08/4-9 - ・タンドラなどの増販により、米国販売（暦年）は12年連続新記録更新。 Profit declined due to factors such
Slide 10: Geographic Operating Income: North America (FY2009 First Half)
Geographic Operating Income: North America (FY2009 First Half) 10 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 1,497 1,357 300 263.0 Excludes Valuation Profit/Loss 200 in Accounting on Interest Rate Swaps 100 -297.6 Yaris ’08/4-9 0 '07/4-9 '08/4-9 -34.6 Valuation Valuation
Slide 11: Geographic Operating Income: Europe (FY2009 First Half)
Geographic Operating Income: Europe (FY2009 First Half) 11 <Consolidated Vehicle Sales (thousands of vehicles)> 635 579 (billions of yen) 80 68.3 60 iQ 40 20 8.7 -59.6 0 '07/4-9 '08/4-9 Avensis - Sales volume decreased due to slowdowns in Western European markets - Sales in Eastern European markets
Slide 12: Geographic Operating Income: Asia (FY2009 First Half)
Geographic Operating Income: Asia (FY2009 First Half) 12 <Consolidated Vehicle Sales (thousands of vehicles)> 452 510 (billions of yen) 150 137.2 116.7 120 Avanza 90 60 +20.5 30 0 Innova '07/4-9 '08/4-9 - Increased sales of the Corolla, fully-remodeled at the beginning of this year ・旺盛な需要に応えたIMVの能増な
Slide 13: Geographic Operating Income: Oceania, Africa (FY2009 First Half)
Central and South America, Geographic Operating Income: Oceania, Africa (FY2009 First Half) 13 <Consolidated Vehicle Sales (thousands of vehicles)> 788 711 (billions of yen) 100 79.1 80 71.7 60 Hilux VIGO 40 +7.4 20 0 '07/4-9 '08/4-9 Corolla Flex - ・全ての地域で販売台数が増加。 Profit increased as a result of inc
Slide 14: Business Segment: Financial Services (FY2009 First Half)
Business Segment: Financial Services (FY2009 First Half) 14 (billions of yen) 100 86.2 Excludes Valuation Profit/Loss 80 in Accounting on Interest Rate Swaps 60 44.9 40 20 -41.3 0 '07/4-9 '08/4-9 Valuation Valuation Profit/Loss Profit/Loss inin Accounting Accounting on on Interest Interest Rate Rate
Slide 15: Equity in Earnings of Affiliated Companies (FY2009 First Half)
Equity in Earnings of Affiliated Companies (FY2009 First Half) 15 (billions of yen) 200.0 145.1 144.1 150.0 100.0 Camry -1.0 50.0 0.0 Corolla '07/4-9 '08/4-9 - ・全ての地域で販売台数が増加。 The same level of equity in earnings of affiliated companies maintained ・中国合弁事業体・国内グループ会社を中心に、好調に推移。 from the same period la
Slide 16: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) 16 (billions of yen) FY2009 First FY2008 First Change Half(’08/4-9) Half(’07/4-9) Net Sales 5,649.2 5,737.1 -87.9 -1.5% Operating Income 252.5 609.7 -357.2 -58.6% Ordinary Income 595.2 852.4 -257.2 -30.2% Net Income 472.2 601.9 -129.7 -21.5%
Slide 17: Analysis of Unconsolidated Net Income
Analysis of Unconsolidated Net Income 17 (billions of yen) Net Income (-129.7) Operating Income (-357.2) 601.9 Income Non- Tax, etc Increases Cost Effects of operating +127.5 in Expenses Reduction Efforts Marketing Activities Income 472.2 -97.2 -20.0 +60.0 +100.0 Effects of FOREX Rates -300.0 '07/4-
Slide 18: Shareholder Return (Interim Dividend)
Shareholder Return ( Interim Dividend) 18 Interim Dividend: 65 yen per share Total Amount of Payout : 203.7 billion yen Consolidated Payout Ratio: 41.4% (change: +19.4%) 140 120 90 75 70 65 55 45 28 36 40 25 65 65 20 50 15 35 16 20 25 13 '01/4-'02/3 '02/4-'03/3 '03/4-'04/3 '04/4-'05/3 '05/4-'06/3 '0
Slide 19: Forecasts for FY2009
FY2009 【Forecasts for FY2009】
Slide 20: FY2009 Forecasts: Consolidated Vehicle Sales
FY2009 Forecasts: Consolidated Vehicle Sales 20 (thousands of vehicles) 8,913 8,240 (-673) 8,000 1,527 1,540 (+13) 7,000 956 Other 6,000 990 (+34) Central and 1,284 South America, Oceania, 5,000 1,210 (-74) Africa, The Middle East, etc. 4,000 2,958 2,420 (-538) Asia 3,000 Europe 2,000 N. America 1,0
Slide 21: FY2009 Consolidated Forecasts
FY2009 Consolidated Forecasts 21 (billions of yen) FY2009 FY2008 Change (’08/4-’09/3) (’07/4-’08/3) Net Revenues 23,000.0 26,289.2 -3,289.2 -12.5% Operating Income 600.0 2,270.3 -1,670.3 -73.6% Income before income taxes, minority interest and equity in earnings of affiliated companies 640.0 2,437.2
Slide 22: Analysis of FY2009 Consolidated Forecasts: Operating Income
Analysis of FY2009 Consolidated Forecasts: Operating Income 22 (billions of yen) Operating Income FY2008 Actual Results (’07/4 - ’08/3) 2,270.3 Effects of FOREX Rates - 690.0 Effects of Marketing Activities -610.0 Cost Reduction Efforts -60.0 Increases in Expenses -310.3 Total -1,670.3 FY2009 Consol
Slide 23: FY2009 Consolidated Forecasts: CAPEX, Depreciation, R&D
FY2009 Consolidated Forecasts :CAPEX, Depreciation, R&D 23 (billions of yen) Capital Depreciation R&D Expenses Expenditures Expenses Consolidated 1,400.0 (-80.2) 1,100.0 (+57.6) 920.0 (-38.8) Japan 820.0 (-43.1) 690.0 (+76.9) N. America 320.0 (-14.3) 210.0 (+6.5) Europe 140.0 (+24.1) 100.0 (-1.0) As
Slide 24: FY2009 Unconsolidated Forecasts (Japan GAAP)
FY2009 Unconsolidated Forecasts(Japan GAAP) 24 (billions of yen) FY2009 FY2008 Change (’08/4-’09/3) (’07/4-’08/3) Net Sales 10,600.0 12,079.2 -1,479.2 -12.2% Operating Income 140.0 1,108.6 -968.6 -87.4% Ordinary Income 600.0 1,580.6 -980.6 -62.0% Net Income 510.0 1,138.1 -628.1 -55.2%
Slide 25: FY2009 Toyota's Operations Forecasts
FY2009 Toyota’s Operations Forecasts 25 FY2009 FY2008 (’08/4-’09/3) (’07/4-’08/3) (thousands of vehicles) (thousands of vehicles) Automotive Japan 3,850 4,264 Production Overseas 4,070 4,424 Total 7,920 8,688 Sales (Japan) 1,470 1,595 Exports 2,450 2,708 Sales (Overseas) 6,580 6,923 Housing Sales 4,
Slide 26: Measures in response to the current crisis
Measures in response to the current crisis 26 1. Secure profits for FY2009 and FY2010 (⇒To reduce total costs and maximize revenues) Commencement of activities by the newly-established “ Emergency Profit Improvement Committee” 2. Thorough review of production capabilities by reexamining aspects such
Slide 27: Summary
Summary 27 1. Measures in response to the current crisis 2. Strategies for mid-to-long term growth (1) Accelerate our hybrid vehicle strategy (2) Reinforce cost reduction for compact models 3. Solid balance sheet Toyota will respond appropriately to the changes in current market conditions, while ta
Slide 28: FY2009 Second Quarter Financial Results
FY2009 Second Quarter Financial Results -prepared in accordance with U.S.GAAP- Toyota Motor Corporation November 6, 2008