Toyota Motor Corp. · TSE:7203
Toyota Motor — Q1 FY2006 Earnings Presentation
19 slides from Toyota Motor's earnings presentation, Aug 3, 2005
Slide 1: FY2006 Q1 Financial Results
FY2006 Q1 Financial Results Three months ended June 30, 2005 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation August 3, 2005
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements This report 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 factors
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 T
Slide 4: Takashi Hata, Managing Officer
Takashi Hata Managing Officer 4
Slide 5: Consolidated Financial Summary
Consolidated Financial Summary FY2006 Q1 FY2005 Q1 Changes ('05/4-6) ('04/4-6) (billions of yen) (billions of yen) (billions of yen) % (*) Net revenues 4,981.7 4,510.3 471.4 10.5 Operating income 405.1 448.6 -43.5 -9.7 Income before taxes, minority interest and equity in earnings of 421.8 470.4 -48.
Slide 6: Consolidated Vehicle Sales
Consolidated Vehicle Sales: (thousands of units) [ 2,057 ] [ 1,856 ] 1,948 (+157) 2,000 1,791 272 (+40) 232 1,500 229 (+27) 202 256 (+9) 247 1,000 641 (+69) 572 500 538 550 (+12) 0 '04/4-6 '05/4-6 Japan N. America Europe Asia Other Figures in brackets show total retail unit sales of Toyota/Lexus, Da
Slide 7: Contributing Factors to Operating Income
Contributing Factors to Operating Income (billions of yen) Cost Reduction Efforts 448.6 +30.0 405.1 Marketing Efforts (-43.5) (volume, mix, etc.) 400.0 Unfavorable +30.0 ForEx Rate -10.0 Increases in R&D 300.0 Expenses, etc. -86.8 Decrease in - R&D - Swap evaluation loss DAIKO HENJO - Other expenses
Slide 8: Geographic Operating Income: Japan
Geographic Operating Income: Japan Shifting model mix to compact vehicles (billions of yen) 702 568 573 538 550 300.0 253.0 259.3 237.6 237.3 200.0 188.4 100.0 0.0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 Operating Income (billions of yen) Consolidated vehicle sales (thousands of units) 8
Slide 9: Geographic Operating Income: North America
Geographic Operating Income: North America Good balance in sales (billions of yen) 200.0 641 572 554 576 569 150.0 137.8 129.8 127.8 114.9 100.0 75.0 50.0 0.0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 Operating Income (billions of yen) Consolidated vehicle sales (thousands of units) 9
Slide 10: Geographic Operating Income: Europe
Geographic Operating Income: Europe Investment for establishment of brand (billions of yen) 50.0 247 249 254 256 229 40.0 35.4 30.9 30.0 26.5 20.0 15.7 16.7 10.0 0.0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 Operating Income (billions of yen) Consolidated vehicle sales (thousands of units) 10
Slide 11: Geographic Operating Income: Asia
Geographic Operating Income: Asia Big increase in profit due to IMV (billions of yen) 50.0 229 39.8 40.0 202 30.0 24.4 20.0 10.0 0.0 '04/4-6 '05/4-6 Operating Income (billions of yen) Consolidated vehicle sales (thousands of units) 11
Slide 12: Geographic Operating Income: Other
Geographic Operating Income: Other (Africa, South and Central America, etc.) 30.0 272 232 20.0 17.0 13.3 10.0 0.0 '04/4-6 '05/4-6 Operating Income (billions of yen) Consolidated vehicle sales (thousands of units) 12
Slide 13: Business Segments: Financial Services
Business Segments: Financial Services Without swap evaluation loss, substantially maintaining its growth of profit (billions of yen) 50.0 46.2 • Evaluation gain/loss from 39.7 interest swap 40.0 agreements of US finance subsidiary, etc. 30.0 ('05/6 -1.9 billion yen <= '04/6 8.2 billion yen) -10.1 bi
Slide 14: Quarterly Changes of Operating Income and Model Cycle
Quarterly Changes of Operating Income and Model Cycle to Introduce New Product 03/12 04/6 05/8 (billions of yen) Crown 04/7 (%) Passo Lexus Porte 600.0 9.9 05/2 9.2 9.1 Vitz 10.0 500.0 448.6 8.1 7.8 417.6 422.9 405.1 8.0 400.0 383.0 6.0 300.0 200.0 4.0 100.0 2.0 0.0 0.0 '04/4-6 '04/7-9 '04/10-12 '05
Slide 15: Increasing Global Production Capacity
Increasing Global Production Capacity Active Investment Plan ‘04 ‘05 ‘06 ‘07 ‘08 Japan Kyushu Iwate 200K 100K North Mexico Texas Canada America 30K 200K 100K Turkey UK Europe /France (increase in Russia (increase in capacity) TPCA capacity) 100K +65K 50K +80K China Guangzhou Tianjin No.2 100K 100K A
Slide 16: Asia; The Growing Market
Asia; The Growing Market Investment steadily contributes to profit (thousands of units) 1,000 Vios 772 800 621 600 433 445 455 418 339 342 IMV Project 400 230 253 200 0 CY95 CY96 CY97 CY98 CY99 CY00 CY01 CY02 CY03 CY04 Toyota brand vehicle sales (thousands of units) 16
Slide 17: FY2006 Consolidated Prospects: Vehicle Unit Sales
FY2006 Consolidated Prospects: Vehicle Unit Sales (thousands of units) 7,970 (+562) 7,850 8,000 7,408 1,060 1,120 (+176) 944 870 890 (+57) 6,000 833 1,040 1,040 (+61) 979 4,000 2,271 2,430 2,500 (+229) 2,000 2,381 2,450 2,420 (+39) 0 FY2005 FY2006 Prospects FY2006 Prospects (as released in '05/5) (C
Slide 18: Toyota's Operations Prospects (Toyota and Lexus)
Toyota's Operations Prospects (Toyota and Lexus) FY2006 Prospects FY2005 ('05/4-'06/3) ('04/4-'05/3) thousands of units thousands of units Automotive Japan 3,840 3,749 Production Overseas 3,770 3,127 Sales (Japan) 1,830 1,804 Exports 2,050 1,982 Sales (Overseas) 5,660 5,044 Units Units Housing Sales
Slide 19: FY2006 Q1 Financial Results
FY2006 Q1 Financial Results Three months ended June 30, 2005 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation August 3, 2005 19