Honda Motor Co., Ltd. · TSE:7267
Honda Motor — Q2 2025 Earnings Presentation
30 slides from Honda Motor's earnings presentation, Nov 6, 2024
Slide 1: Fiscal First Half Year Ended September 30, 2024 Financial Results
Fiscal First Half Year Ended September 30, 2024 Financial Results November 6, 2024 1
Slide 2: Summary
Summary Six Months Ended ⚫ Operating Profit 742.6 bil. yen ・ Operating Margin 6.9% September 30, 2024 *1 -Automobiles: Consolidated unit sales increased by 64 thousand units mainly due to strong sales of ICE / HEV （Apr. – Sep.） models and start of full-scale EV sales in North America from the same p
Slide 3: Main Market (Automobile and Motorcycle Business)
Main Market (Automobile and Motorcycle Business) ■Sales Results in YTD（Apr. - Sep.） Automobile Business QTD YTD • Overall, lower than the same period last year mainly Retail (Jul. - Sep.) （Apr. - Sep.） due to the growing NEV market and intensified Unit Unit price competition in China, despite the in
Slide 4: Income Statements, Six Months Ended September 30, 2024
Six Months Ended September 30, 2024 Six Months Ended September 30 Income Statements Yen (billion) 2023 2024 Amount Change Sales revenue 9,609.3 10,797.6 + 1,188.2 + 12.4% Operating profit 696.5 742.6 + 46.0 + 6.6% Operating margin 7.2% 6.9% - 0.3pt Share of profit (loss) of investments accounted for
Slide 5: Financial Forecast for FYE March 31, 2025
Financial Forecast for FYE March 31, 2025 FYE March 31 Change from Income Statement Amount Change previous forecast Yen (billion) 2024 Results 2025 Forecast Sales revenue 20,428.8 21,000.0 + 571.1 + 2.8% + 700.0 Operating profit 1,381.9 1,420.0 + 38.0 + 2.8% - Operating margin 6.8% 6.8% - 0.0pt - 0.
Slide 6: Dividends and Acquisition of Company's Own Shares
Dividends and Acquisition of Company’s Own Shares <Dividends> FYE March 31, 2025 Change from Dividend per Share (Yen) previous forecast Previous Forecast Interim Dividend 34 34 - * Year-end Dividend (34) (34) - Fiscal Year (68) (68) - *（ ) : Forecast ＜Acquisition of the Company’s Own Shares＞ Purpose
Slide 7: Fiscal First Half Year Ended September 30, 2024 Financial Results
Fiscal First Half Year Ended September 30, 2024 Financial Results
Slide 8: Six Months Ended September 30, 2024: Honda Unit Sales
Six Months Ended September 30, 2024: Honda Unit Sales Unit (thousand) Motorcycles Automobiles Power Products Six Months Ended September 30 Six Months Ended September 30 Six Months Ended September 30 Honda Group Unit Sales 2023 2024 Change 2023 2024 Change 2023 2024 Change Japan 122 100 - 22 259 302
Slide 9: Income Statements, Six Months Ended September 30, 2024
Six Months Ended September 30, 2024 Six Months Ended September 30 Income Statements Yen (billion) 2023 2024 Amount Change Sales revenue 9,609.3 10,797.6 + 1,188.2 + 12.4% Operating profit 696.5 742.6 + 46.0 + 6.6% Operating margin 7.2% 6.9% - 0.3pt Share of profit (loss) of investments accounted for
Slide 10: Change in Profit before Income Taxes
Six Months Ended September 30, 2024: Change in Profit before Income Taxes Yen (billion) Profit before income Taxes - 137.3 ( - 15.6 ％) Operating Profit + 46.0 ( + 6.6 ％ ) + 268.6 - 105.5 - 80.0 879.2 - 9.0 - 87.4 - 28.0 Expenses - 95.8 Sales Price/Cost *2 R&D Currency effects 741.9 *3 Profit of impa
Slide 11: Sales Revenue/Operating Profit (Margin) by Business Segment
Six Months Ended September 30, 2024: Sales Revenue/Operating Profit (Margin) by Business Segment upper: Six Months Ended September 30, 2024 Motorcycle Automobile Financial Services Power Products and lower: Six Months Ended September 30, 2023 Business Business Business Other Businesses Unit (thousan
Slide 12: Cash Flows of Non-Financial Services Businesses
Cash Flows of Non-Financial Services Businesses Yen (billion) Six Months Ended September 30 2023 2024 Cash flows from operating activities + 995.8 + 886.1 Cash flows from investing activities - 262.8 - 513.8 Free cash flow + 732.9 + 372.3 Cash flows from financing activities - 327.6 - 524.5 Effects
Slide 13: Fiscal Year Ending March 31, 2025 Financial Forecast
Fiscal Year Ending March 31, 2025 Financial Forecast
Slide 14: Forecast for FYE March 31, 2025: Honda Unit Sales
Forecast for FYE March 31, 2025: Honda Unit Sales Unit (thousand) Motorcycles Automobiles Power Products FYE March 31, 2025 FYE March 31, 2025 FYE March 31, 2025 Honda Group Unit Sales Change Change Change Previous Revised Previous Revised Previous Revised Japan 200 200 - 680 680 - 250 255 +5 North
Slide 15: Financial Forecast for FYE March 31, 2025
Financial Forecast for FYE March 31, 2025 FYE March 31 Change from Income Statement Amount Change previous forecast Yen (billion) 2024 Results 2025 Forecast Sales revenue 20,428.8 21,000.0 + 571.1 + 2.8% + 700.0 Operating profit 1,381.9 1,420.0 + 38.0 + 2.8% - Operating margin 6.8% 6.8% - 0.0pt - 0.
Slide 16: Forecast: Changes in Profit before Income Taxes
Forecast for FYE March 31, 2025: Changes in Profit before Income Taxes Yen (billion) Profit before Income Taxes - 207.3 ( - 12.6 ％ ) Operating Profit + 38.0 ( + 2.8 ％ ) + 550.0 -68.5 - 125.0 Expenses - 148.0 1,642.3 - 170.5 *2 R&D - 165.8 - 79.5 Currency effects Profit of 1,435.0 Sales Price/Cost *3
Slide 17: Forecast Changes in Profit before Income Taxes vs Previous Forecast
Forecast for FYE March 31, 2025: Changes in Profit before Income Taxes Yen (billion) Profit before income Taxes - 45.0 ( - 3.0 ％ ) Operating Profit ± 0.0 ( ± 0.0 ％ ) 1,480.0 - 99.5 + 53.0 - 25.0 - 20.0 1,435.0 + 48.0 + 2.5 - 4.0 Currency Profit of Other Expenses R&D Sales Price/Cost *2 effects Equit
Slide 18: Forecast: Capital Expenditures/Depreciation/R&D
Forecast for FYE March 31, 2025: Capital Expenditures/Depreciation/R&D FYE March 31, 2024 FYE March 31, 2025 Change from Change previous forecast Yen (billion) Results Forecast Capital expenditures *1 387.9 670.0 + 282.0 - Depreciation and amortization *1 486.0 450.0 - 36.0 + 10.0 Research and devel
Slide 19: Caution with Respect to Forward-Looking Statements
Caution with Respect to Forward-Looking Statements: This presentation contains forward-looking statements about the performance and shareholders return of Honda, which are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be ad
Slide 20: HONDA | How we move you.
HONDA | Howwe move you. The Power of Dreams CREATE » TRANSCEND, AUGMENT
Slide 21: Appendix
Appendix
Slide 22: Three Months Ended September 30, 2024: Change in Profit before Income Taxes
Three Months Ended September 30, 2024: Change in Profit before Income Taxes Yen (billion） Profit before Income Taxes - 181.8 ( - 49.9 ％ ) Operating Profit - 44.2 ( - 14.6 ％ ) + 108.8 - 43.9 - 52.9 364.3 + 0.4 Expenses - 56.5 *2 Sales Price/Cost R&D - 46.0 impacts *1 impacts Currency - 91.5 effects P
Slide 23: Three Months: Sales Revenue/Operating Profit by Business Segment
Three Months Ended September 30, 2024 : Sales Revenue/Operating Profit (Margin) by Business Segment upper : Six Months Ended September 30, 2024 Motorcycle Automobile Financial Services Power Products and lower : Six Months Ended September 30, 2023 Business Business Business Other Businesses Unit (th
Slide 24: Change in Sales Revenue
Change in Sales Revenue (sales revenue from external customers） Yen (billion) Compared with three months ended September 30, 2023: ＋ 408.3 / ＋ 8.2 % Three Months (Excluding currency translation effects: ＋340.4 / ＋ 6.8 %) Change FYE March 31, 2024 FYE March 31, 2025 Change excluding currency translat
Slide 25: Changes in Operating Profit in Motorcycle/Automobile Business
Six Months Ended September 30, 2024: Changes in Operating Profit in Motorcycle Business/Automobile Business Yen (billion) Motorcycle Operating Profit + 72.4 ( + 28.6 % ) Business + 90.9 + 1.4 - 13.0 Expenses R&D - 31.4 325.8 253.3 + 24.4 *2 Currency effects Price/Cost Sales impacts impacts Operating
Slide 26: Sales Revenue/Operating Profit by Geographical Segment
Six Months Ended September 30, 2024: Sales Revenue/Operating Profit by Geographical Segment Yen (billion) Japan North America Europe Asia Other Regions Three Months 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 Sales Revenue 1,361.0 1,333.4 2,909.2 3,305.6 233.0 235.1 1,250.8 1,185.1 260.6 276.6
Slide 27: Capital Expenditures/Depreciation/R&D
Six Months Ended September 30, 2024: Capital Expenditures/Depreciation/R&D Three Months Ended September 30 Six Months Ended September 30 2023 2024 2023 2024 Change Change Results Results Results Results Yen (billion) Capital expenditures 73.2 86.3 + 13.0 135.2 177.8 + 42.6 Depreciation and 123.3 109
Slide 28: Consolidated Statements of Financial Position
Six Months Ended September 30, 2024: Consolidated Statements of Financial Position Divided into Non-financial Services Businesses and Finance Subsidiaries Yen (billion) FYE March 31, Q2 Ended Sep. 30, FYE March 31, Q2 Ended Sep. 30, Assets Liabilities and Equity 2024 2024 2024 2024 Cash and cash equ
Slide 29: Sales Revenue/Operating Profit by Business Segment
Sales Revenue/Operating Profit by Business Segment Yen (billion) QTD YTD (FYE March 31) FYE March 31, 2024 FYE March 31, 2025 Change Change 2024 2025 Change Segment Information 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q (%) Change Results Results (%) Sales Revenue Motorcycle Business 756.9 815.6 785.4 862.1 937.6 873.
Slide 30: Honda Group Unit Sales/Consolidated Unit Sales/Automobile Retail Sales
Honda Group Unit Sales/Consolidated Unit Sales/Automobile Retail Sales per Power Trains Unit (thousand) 2024 2025 FYE March 31 Honda Group 2024 2025 2024 2025 Unit Sales 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change Change Change Results Results Results Forecast Motorcycles 4,473 4,793 4,695 4,858 5,062 5,320 + 52