Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2016 Earnings Presentation
24 slides from Toyota Motor's earnings presentation, Feb 5, 2016
Slide 1: FY2016 Third Quarter Financial Results
FY2016 Third Quarter Financial Results LEXUS LC500 Toyota Motor Corporation (North American International Auto Show 2016 exhibition car) February 5, 2016
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 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 f
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 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 To
Slide 4: FY2016 Third Quarter Financial Performance
FY2016 Third Quarter Financial Results FY2016 Third Quarter Financial Performance FY2016 Financial Forecasts 4
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) FY2016 FY2016 3Q 9 months 3,000 8,000 6,740 6,493 (-247) 2,263 2,215 (-48) Japan 6,000 1,529 1,477 (-52) N. America 2,000 498 493 (-5) Europe 2,108 2,141 (+33) 712 4,000 Asia 728 (+16) Other 634 1,000 220 210 (-10) 618 (-16) Central and 2,000 1,128
Slide 6: Consolidated Financial Summary (FY2016 Third Quarter)
Consolidated Financial Summary (FY2016 Third Quarter) (billions of yen) FY2015 3Q FY2016 3Q Change (’14/10-12) (’15/10-12) Net Revenues 7,170.0 7,339.8 +169.8 +2.4% Operating Income 762.8 722.2 -40.6 -5.3% Operating margin 10.6% 9.8% - - Income before income taxes and equity in earnings of affiliate
Slide 7: Analysis of Consolidated Operating Income (FY2016 Third Quarter)
Analysis of Consolidated Operating Income (FY2016 Third Quarter) (billions of yen) +5.0 Effects of -35.0 +95.0 FOREX Effects of 762.8 Rates *1 Marketing -110.0 Activities *2 Cost +1.5 +2.9 722.2 Reduction Efforts Increase in Valuation Other *4 Expenses, Gains/Losses etc. *3 from Interest Rate Swaps,
Slide 8: Consolidated Financial Summary (FY2016 9 months)
Consolidated Financial Summary (FY2016 9 months) (billions of yen) FY2015 FY2016 9 months 9 months Change (’14/4-12) (’15/4-12) Net Revenues 20,115.6 21,431.3 +1,315.7 +6.5% Operating Income 2,114.8 2,305.6 +190.8 +9.0% Operating margin 10.5% 10.8% - - Income before income taxes and equity in earnin
Slide 9: Analysis of Consolidated Operating Income (FY2016 9 months)
Analysis of Consolidated Operating Income (FY2016 9 months) (billions of yen) -95.0 +235.0 Effects of Marketing -280.0 Cost Activities *2 -33.9 +54.7 2,305.6 Reduction +310.0 Efforts Increase in 2,114.8 Expenses, Valuation Other *4 Gains/Losses Effects of etc. *3 from Interest FOREX Rate Swaps, Rate
Slide 10: Geographic Operating Income: Japan
Geographic Operating Income：Japan Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) ◇FY2016 Third Quarter Decreased mainly due to FY2016 FY2016 3Q 9 months increase in R&D and depreciation expenses etc. 1,529 498 493 (-5) 1,477 (-52) 1,350.9 1,143.5 424.8 392.7
Slide 11: Geographic Operating Income: North America
Geographic Operating Income：North America Operating Income (billions of yen) Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. ◇FY2016 Third Quarter Consolidated Vehicle Sales (thousands of vehicles) Decreased mainly due to ● FY2016 FY2016 increased sales expenses 3Q 9 months despite p
Slide 12: Geographic Operating Income: Europe
Geographic Operating Income：Europe Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) ◇FY2016 Third Quarter ● FY2016 FY2016 Decreased mainly due to 3Q 9 months effects of marketing activities. 220 210 (-10) 634 618 (-16) 66.4 33.2 50.7 -12.7 20.5 -15.7 FY2015 3Q FY
Slide 13: Geographic Operating Income: Asia
Geographic Operating Income：Asia Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) ◇FY2016 Third Quarter Increased due to improved FY2016 FY2016 export profitability due to 3Q 9 months weaker local currencies and cost reduction efforts. 374 1,128 362 (-12) 1,016
Slide 14: Geographic Operating Income: Central & South America, Oceania, Africa and The Middle East
Geographic Operating Income : Central & South America, Oceania, Africa and The Middle East Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) ◇FY2016 Third Quarter ● FY2016 FY2016 Decreased mainly as a result 3Q 9 months of fewer vehicle sales. 459 1,341 422 (-37)
Slide 15: Financial Services Operating Income
Financial Services Operating Income (billions of yen) FY2016 FY2016 3Q 9 months 249.3 263 .3 86.1 83.2 FY2015 3Q FY2016 3Q Change FY2015 9 months FY2016 9 months Change Operating Income 100.5 99.2 -1.3 285.0 265.0 -19.9 Valuation Gains/Losses from Interest Rate Swaps, etc. 14.3 15.9 +1.5 35.6 1.7 -3
Slide 16: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies (billions of yen) FY2016 FY2016 3Q 9 months 300 251.0 267.7 150 (+16.6) 250 106.0 (+20.9) 200 Japan 100 85.1 156.2 172.9 (+16.6) China 67.6 (+12.5) 150 Other 55.0 50 100 70.9 70.4 (-0.5) 21.9 30.8 (+8.8) 50 8.0 7.6 (-0.4) 23.7 24.4 (+0.6) 0 0 ’14/4-12 ’15/4
Slide 17: FY2016 Financial Forecasts
FY2016 Third Quarter Financial Results FY2016 Third Quarter Financial Performance FY2016 Financial Forecasts* *This forecast does not include the effects of the suspension of vehicle production in Japan in February. 17
Slide 18: FY2016 Forecasts: Consolidated Vehicle Sales
FY2016 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) This forecast does not include the effects of the suspension of vehicle production in Japan in February. 10,000 8,750 8,750 (±0) 8,972 8,000 (±0) 2,154 Japan 2,120 2,120 N. America Europe 6,000 2,715 Asia 2,850 2,870 (+20) Other 4,
Slide 19: FY2016 Forecasts: Consolidated Financial Summary
FY2016 Forecasts: Consolidated Financial Summary (billions of yen) This forecast does not include the effects of the suspension of vehicle production in Japan in February. Previous Forecasts New Forecasts FY2015 Results (’15/4-’16/3) (’15/4-’16/3) Change (’14/4-’15/3) Net Revenues 27,500.0 27,500.0
Slide 20: Analysis of FY2016 Forecasts: Consolidated Operating Income (vs. Previous Forecasts)
Analysis of FY2016 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) (billions of yen) This forecast does not include the effects of the suspension of vehicle production in Japan in February. +20.0 ±0 -50.0 Cost Volume/ +70.0 Reduction Other 2,800.0 Efforts Model Mix -40.0 2,800.0 Ma
Slide 21: FY2016 Consolidated Forecasts: R&D, CAPEX, Depreciation
FY2016 Consolidated Forecasts: R&D, CAPEX, Depreciation (billions of yen) This forecast does not include the effects of the suspension of vehicle production in Japan in February. R&D Expenses Capital Expenditures 1,200 ● Depreciation Expenses 880.0 1,100 1,000 806.2 775.9 900 732.9 1,230.0 1,060.0 7
Slide 22: FY2016 Third Quarter Financial Results
FY2016 Third Quarter Financial Results Levin Hybrid Corolla Hybrid Toyota Motor Corporation February 5, 2016
Slide 23: (Reference) FY2016 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2016 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) This forecast does not include the effects of the suspension of vehicle production in Japan in February. Previous Forecasts New Forecasts Change (’15/4-’16/3) (’15/4-’16/3) T Japan 3,250 3,250 ±0 o Vehicle 1 y
Slide 24: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Consolidated Vehicle Sales Distributors or Dealers outside consolidation Total Retail Vehicle Sales Toyota- and Lexus- brand vehicles Toyota and Lexus Vehicle Sales Customers P5,18 Number of vehicles