Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2009 Earnings Presentation
28 slides from Toyota Motor's earnings presentation, Feb 6, 2009
Slide 1: FY2009 Third Quarter Financial Results
FY2009 Third Quarter Financial Results Toyota Motor Corporation February 6, 2009
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: FY2009 Third Quarter Financial Results
FY2009 Third Quarter Financial Results
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 33rd rd quarter quarter 99 months months (thousands of vehicles) (thousands of vehicles) 3,000 8,000 6,583 2,500 2,281 6,089 - 494 6,000 1,146 435 1,184 38 Other 2,000 1,838 - 443 694 Central and 241 732 38 South America, 395 - 40 943 Oceania, 1,500 308 4,000 Africa, 222
Slide 6: Consolidated Financial Summary (3rd quarter)
Consolidated Financial Summary (3rd quarter) 6 (billions of yen) FY2009 FY2008 ('08/10-12) ('07/10-12) Change Net Revenues 4,802.8 6,709.9 -1,907.1 -28.4% Operating Income -360.6 601.5 -962.1 - Income before income taxes, minority interest and equity in earnings of affiliated companies -282.1 652.7
Slide 7: Analysis of Consolidated Net Income (3rd quarter)
Analysis of Consolidated Net Income (3rd quarter) 7 (billions of yen) Net Income (-623.3) 458.6 Operating Income (-962.1) Excluding: valuation gains/losses from interest rate swaps (-867.4) Valuation Equity in Non- Effects of Cost Gains/Losses Earnings of Income Increases in operating FOREX Reductio
Slide 8: Consolidated Financial Summary (9 months)
Consolidated Financial Summary (9 months) 8 (billions of yen) FY2009 FY2008 ('08/4-12) ('07/4-12) Change Net Revenues 16,993.2 19,722.1 -2,728.9 -13.8% Operating Income 221.5 1,873.7 -1,652.2 -88.2% Income before income taxes, minority interest and equity in earnings of affiliated companies 354.3 2,
Slide 9: Analysis of Consolidated Net Income (9 months)
Analysis of Consolidated Net Income (9 months) 9 (billions of yen) Net Income (-1,072.2) 1,401.0 Operating Income (-1,652.2) Excluding: valuation gains/losses from interest rate swaps (-1,628.2) Valuation Equity in Cost Non- Increases in Gains/Losses Earnings of Income Reduction operating Expenses f
Slide 10: Geographic Operating Income (3rd quarter)
Geographic Operating Income (3rd quarter) 10 <Consolidated Vehicle Sales (thousands of vehicles)> *1 Japan includes exported vehicles <N.America> '07/10-12 '08/10-12 *2 N. America excludes valuation gains/losses from interest rate swaps *1 Valuation Gains/Losses 1,279 from Interest Rate Swaps -26.0
Slide 11: Geographic Operating Income (9 months)
Geographic Operating Income (9 months) 11 <Consolidated Vehicle Sales (thousands of vehicles)> *1 Japan includes exported vehicles <N.America> '07/4-12 08/4-12 *2 N. America excludes valuation *1 gains/losses from interest rate swaps 3,565 Valuation Gains/Losses 3,377 from Interest Rate Swaps -34.9
Slide 12: Business Segment: Financial Services
Excludes Valuation Gains/Losses Business Segment: Financial Services from Interest Rate Swaps 12 33rd quarter (billions of yen) rd quarter 99 months months (billions of yen) 150.0 150.0 123.6 120.0 120.0 90.0 90.0 60.0 60.0 37.4 32.3 30.0 30.0 -50.1 -91.3 ’08/10-12 0.0 0.0 ’07/10-12 '07/10-12 '08/10
Slide 13: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 13 33rd rd quarter quarter 99 months months (billions of yen) (billions of yen) 250.0 250.0 224.3 200.0 200.0 146.5 150.0 150.0 100.0 79.1 100.0 50.0 -76.8 50.0 -77.8 2.3 0.0 0.0 '07/10-12 '08/10-12 '07/4-12 '08/4-12 -Decreased profit due to decreased earni
Slide 14: Unconsolidated Financial Summary (Japan GAAP, 3rd quarter)
Unconsolidated Financial Summary (Japan GAAP, 3rd quarter) 14 (billions of yen) FY2009 FY2008 ('08/10-12) ('07/10-12) Change Net Revenues 2,292.2 3,238.4 -946.2 -29.2% Operating Income -149.2 299.0 -448.2 - Ordinary Income -83.4 498.7 -582.1 - Net Income -6.4 375.1 -381.5 -
Slide 15: Analysis of Unconsolidated Net Income (3rd quarter)
Analysis of Unconsolidated Net Income (3rd quarter) 15 (billions of yen) Net Income (-381.5) 375.1 Operating Income (-448.2) Effects of Marketing Increases Cost Non- Activities Income Tax, in Reduction operating -200.0 etc. Expenses Efforts Income + 200.6 -18.2 +10.0 -133.9 Effects of -6.4 FOREX Rat
Slide 16: Unconsolidated Financial Summary (Japan GAAP, 9 months)
Unconsolidated Financial Summary (Japan GAAP, 9 months) 16 (billions of yen) FY2009 FY2008 ('08/4-12) ('07/4-12) Change Net Revenues 7,941.4 8,975.6 -1,034.2 -11.5% Operating Income 103.3 908.8 -805.5 -88.6% Ordinary Income 511.8 1,351.1 -839.3 -62.1% Net Income 465.8 977.0 -511.2 -52.3%
Slide 17: Analysis of Unconsolidated Net Income (9 months)
Analysis of Unconsolidated Net Income (9 months) 17 (billions of yen) Net Income (-511.2) Operating Income (-805.5) 977.0 Effects of Cost Non- Increases in Income Tax, Marketing Expenses Reduction operating Activities Efforts etc. -115.5 Income -140.0 -10.0 + 328.1 -33.8 465.8 Effects of FOREX Rates
Slide 18: FY2009 Annual Forecasts
FY2009 Annual Forecasts
Slide 19: FY2009 Forecasts: Consolidated Vehicle Sales
FY2009 Forecasts: Consolidated Vehicle Sales 19 (thousands of vehicles) 8,913 1,527 8,000 7,540 7,320 (-220) 956 7,000 1,430 1,390 (-40) 6,000 1,284 Other 890 890 (0) Central and 5,000 South America, 1,040 1,030 (-10) Oceania, Africa, 4,000 2,958 The Middle East etc. 3,000 2,170 2,070 (-100) Asia 2,
Slide 20: FY2009 Consolidated Forecasts
FY2009 Consolidated Forecasts 20 (billions of yen) New Forecast Previous Forecast ('08/4-'09/3) ('08/4-'09/3) Change FY2008 Results ('07/4-'08/3) Net Revenues 21,000.0 21,500.0 -500.0 26,289.2 Operating Income -450.0 -150.0 -300.0 2,270.3 Income before income taxes, minority interest and equity in e
Slide 21: Analysis of FY2009 Consolidated Forecasts: Operating Income
Analysis of FY2009 Consolidated Forecasts: Operating Income 21 (billions of yen) Previous Forecast ('08/4-'09/3) -150.0 Cost Reduction Efforts 0.0 Effects of FOREX Rates 0.0 Effects of Marketing Activities -210.0 Increases in General expenses 0.0 Expenses Valuation losses from interest rate swaps, e
Slide 22: (Reference) Analysis of FY2009 Consolidated Forecasts vs. FY2008 Results
(Reference) Analysis of FY2009 Consolidated Forecasts[vs. FY2008 Results] 22 (billions of yen) FY2008 Results ('07/4-'08/3) 2,270.3 Cost Reduction Efforts +20.0 Effects of FOREX Rates -890.0 Effects of Marketing Activities -1,390.0 Increases in Expenses -460.3 Total -2,720.3 New Forecast ('08/4-'09/
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) Asia
Slide 24: FY2009 Unconsolidated Forecasts (Japan GAAP)
FY2009 Unconsolidated Forecasts (Japan GAAP) 24 (billions of yen) New Forecast Previous Forecast FY2008 Results ('08/4-'09/3) ('08/4-'09/3) Change ('07/4-'08/3) Net Revenues 9,400.0 9,500.0 -100.0 12,079.2 Operating Income -250.0 -220.0 -30.0 1,108.6 Ordinary Income 160.0 220.0 -60.0 1,580.6 Net Inc
Slide 25: FY2009 Toyota's Operations Forecasts
FY2009 Toyota’s Operations Forecasts 25 (thousands of vehicles) New Forecast FY2008 Results ('08/4-'09/3) ('07/4-'08/3) Automotive Japan 3,400 4,264 Production Overseas 3,680 4,424 Total 7,080 8,688 Sales(Japan) 1,350 1,595 Exports 2,140 2,708 Sales(Overseas) 6,020 6,923 Housing Sales 4,500 Units 4,
Slide 26: Toyota's Plans to Improve Future Earnings: Maximizing Our Revenues
Toyota’s Plans to Improve Future Earnings 26 1. “Maximizing Our Revenues” ~Develop a new product line-up which responds to the customers’ requirements in each region~ >Short-term Measures -Further expand product line-up in each region >Mid-to-Long-term Measures -Enhance the development of our enviro
Slide 27: Toyota's Plans to Improve Future Earnings: Reducing Costs Across the Board
Toyota’s Plans to Improve Future Earnings 27 2. “Reducing Costs Across the Board” ~Build a structure that promotes efficiency in development, production, and sales operations~ i. Achieve further Cost Reduction -Expand the scope of our Emergency VA Activities ii. Reduce 10% in Fixed Costs -CAPEX: Can
Slide 28: FY2009 Third Quarter Financial Results
FY2009 Third Quarter Financial Results Toyota Motor Corporation February 6, 2009