Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — FY2018 Q1 Earnings Presentation
12 slides from Nissan Motor's earnings presentation, Jul 26, 2018
Slide 1: Nissan Motor Co., Ltd. July 26th, 2018
Nissan Motor Co., Ltd. July 26th, 2018 (TSE REPORT BASIS — CHINA JV EQUITY BASIS) (BILLION YEN) NET OPERATING NET FREE NET CASH REVENUE PROFIT INCOME * CASH FLOW (AUTO) (AUTO) 2,760.4 1,645.6 2,716.6 1,551.7 153.3 134.9 109.1 115.8 112.6 -31.5 FY17 FY18 FY17 FY18 FY17 FY18 FY17 FY17 FY18 1Q 1Q 1Q 1Q
Slide 2: Global and Japan sales
GLOBAL TIV *1 RETAIL VOLUME M/S*2 5.8% vs. FY17 vs. FY17 1,351 M/S*2 5.4% 24.13 GLOBAL +4.0% 1,310 GLOBAL -3.0% 23.21 1.19 JAPAN -1.0% 131 1.20 130 JAPAN -0.8% 6.79 CHINA +2.3% 314 6.64 336 CHINA +6.9% 5.45 NORTH +0.9% 5.40 (4.50) AMERICA (+1.8%) 532 NORTH -9.5% (4.42) (U.S.) 482 (403) AMERICA (365)
Slide 3: China and North America
CHINA FY18 1Q (Jan. to Mar.) RETAIL VOLUME *1 *2 TIV : 6.79 million units, +2.3% +6.9% 336 *1 (THOUSAND UNITS) 314 Sales : 336 k units, +6.9% Market share: 5.0%, +0.3 points FY17 FY18 1Q 1Q MARKET SHARE +0.3 points X-Trail Sylphy 4.7 5.0 FY18 2Q (Apr. to Jun.) TIV *2 : 6.44 million units, +8.2% (%)
Slide 4: Europe and Other Markets
EUROPE (INCLUDING RUSSIA) Europe excluding Russia RETAIL VOLUME TIV: 5.13 million units, +5.7% -12.7% Sales: 139 k units, -14.4% 185 (THOUSAND UNITS) 162 Market share: 2.9%, -0.5 points Russia TIV: 0.46 million units, +17.8% FY17 FY18 Sales: 23 k units, -0.6% 1Q 1Q Market share: 5.0%, -0
Slide 5: Financial results and operating profit variance analysis
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) (BILLION YEN) FY17 FY18 VARIANCE CHANGE 1Q 1Q vs. FY17 (%) NET REVENUE 2,760.4 2,716.6 -43.8 -1.6% OPERATING PROFIT 153.3 109.1 -44.2 -28.8% OP MARGIN 5.6% 4.0% NON-OPERATING 36.3 49.8 ORDINARY PROFIT 189.6 158.9 -30.7 -16.2% EXTRAORDINARY -3.5 1.5 PROFIT B
Slide 6: Free cash flow (auto business) and inventory status
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) FREE CASH FLOW (AUTO BUSINESS) (BILLION YEN) +134.3 -157.5 +194.4 -17.9 153.3 -98.1 -86.7 -31.5 NET CASH AP / AR INVENTORY TAX / CASH FLOW CAPEX* OTHERS FREE INFLOW FROM OTHER FROM CASH P&L ITEMS OPERATING OPERATING FLOW ACTIVITIES ACTIVITIES * CAPEX DOES N
Slide 7: Financial Results
(TSE REPORT BASIS — CHINA JV EQUITY BASIS ) 2017 2018 (BILLION YEN) (BILLION YEN) 1,769.1 1,800 1,800 1,635.0 1,645.6 1,551.7 1,500 1,500 1,200 1,200 900 900 600 600 300 300 0 0 FX: USD/JPY Mar. Jun. FX: USD/JPY Mar. Jun. END OF MONTH 112.2 112.0 END OF MONTH 106.2 110.５ www.nissan-global.com © Copy
Slide 8: Dividend per share (yen)
+7.5% 57 53 48 42 33 30 25 20 DIVIDEND PER SHARE (YEN) FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 (Forecast) www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 15 Appendix
Slide 9: Sales financing funding and penetration
(AS OF JUNE 2018) TOTAL FUNDING AMOUNT: 9,931 BILLION YEN Group Finance Equity (Inter-Company) 15.6% 11.6% Commercial Paper ABS Off B/S 4.5% 1.1% S/T Loan 4.1% ABS On B/S 22.1% L/T Loan 20.8% Bonds 20.2% www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 17 (%) NFS NMAC NC
Slide 10: Net credit loss ratio, operating profit and asset
NET CREDIT LOSS RATIO FY17 FY18 VARIANCE 1Q 1Q Lease: 0.02% Lease: 0.02% Lease: 0.00% NFS Retail: 0.09% Retail: 0.09% Retail: 0.00% Lease: 0.51% Lease: 0.42% Lease: -0.09% NMAC Retail: 1.33% Retail: 1.38% Retail: +0.05% Lease: 0.09% Lease: 0.08% Lease: -0.01% NCF Retail: 0.29% Retail: 0.28% Retail:
Slide 11: Operating profit variance analysis and net cash
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN) FOREIGN EXCHANGE VOLUME SELLING IMPACT /MIX EXPENSES -19.3 -68.1 +51.4 TRY -5.7 ( 31.1 ⇒ 25.0) JPN -3.1 VOL*: -2.2 JPN +5.4 INCENTIVES: +5.7 M IX: -0.9 OTHERS: -0.3 USD -5.2 (111.1 ⇒ 109.1) US -78.4 VOL*: -77
Slide 12: Forward-looking statements notice
This presentation contains forward-looking statements, based on judgments and estimates that have been made on the basis of currently available information. By nature, such statements are subject to uncertainty and risk. Therefore, you are advised that the final results might be significantly differ