Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2010 Earnings Presentation
28 slides from Toyota Motor's earnings presentation, Feb 4, 2010
Slide 1: FY2010 Third Quarter Financial Results
FY2010 Third Quarter Financial Results Toyota Motor Corporation February 4, 2010
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 A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Unde
Slide 4: FY2010 Third Quarter Financial Results
FY2010 Third Quarter Financial Results
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 FY2010 FY2010 FY2010 FY2010 (thousands of vehicles) 3Q 3Q (thousands of vehicles) 99 months months 3,000 6,089 -14.7% 6,000 1,481 5,195 （-894） +12.4% 2,065 （+227） 2,000 1,838 1,486 （+5） Japan 583 （+118） 4,000 465 1,879 N. America Europe 1,547 （-332） 521 642 （+121） Asia 1
Slide 6: Consolidated Financial Summary (FY2010 Third Quarter)
Consolidated Financial Summary (FY2010 Third Quarter) 6 (billions of yen) FY2010 FY2009 3Q 3Q Change ('09/10-12) ('08/10-12) Net Revenues 5,292.9 4,802.8 490.1 10.2% Operating Income 189.1 -360.6 549.7 - Income before income taxes and equity in earnings of affiliated companies 224.9 -282.1 507.0 - N
Slide 7: Analysis of Consolidated Net Income (FY2010 Third Quarter)
Analysis of Consolidated Net Income* (FY2010 Third Quarter) 7 (billions of yen) * Net income attributable to Toyota Motor Corporation Net Income* (+317.9) Operating Income (+549.7) Excluding Valuation Gains/Losses from Interest Rate Swaps (+418.7) Sales Volume / Mix 153.2 +210.0 -164.7 Effects of Eq
Slide 8: Consolidated Financial Summary (FY2010 9 months)
Consolidated Financial Summary (FY2010 9 months) 8 (billions of yen) FY2010 FY2009 9 months 9 months Change ('09/4-12) ('08/4-12) Net Revenues 13,670.5 16,993.2 -3,322.7 -19.6% Operating Income 52.2 221.5 -169.3 -76.4% Income before income taxes and equity in earnings of affiliated companies 161.9 3
Slide 9: Analysis of Consolidated Net Income (FY2010 9 months)
Analysis of Consolidated Net Income* (FY2010 9 months) 9 (billions of yen) * Net income attributable to Toyota Motor Corporation Net Income* (-231.6) Operating Income (-169.3) 328.8 Excluding Valuation Gains/Losses from Interest Rate Swaps (-244.8) 97.2 Effects of Cost FOREX Reduction Rates Efforts
Slide 10: Progress in Emergency Profit Improvement
Progress in Emergency Profit Improvement (Consolidated Operating Income) 10 (billions of yen) FY2010 FY2010 FY2010 FY2010 FY2010 9months Previous Forecasts 1Q 2Q 3Q （'09/4-12） ('09/4-'10/3) ('09/4-6) ('09/7-9) ('09/10-12) Sales Volume / Mix 0 110.0 270.0 380.0 300.0 Financial Services 0 60.0 70.0 13
Slide 11: Geographic Operating Income (FY2010 Third Quarter)
Geographic Operating Income (FY2010 Third Quarter) 11 (billions of yen) *1 Japan includes exported vehicles. North America '08/10-12 '09/10-12 *2 N.America excludes valuation gains/losses from interest rate swaps. Operating Income Excluding Valuation Gains/Losses from Intrest -119.4 69.7 Consolidate
Slide 12: Geographic Operating Income (FY2010 9 months)
Geographic Operating Income (FY2010 9 months) 12 (billions of yen) *1 Japan includes exported vehicles. North America '08/4-12 '09/4-12 *2 N.America excludes valuation gains/losses from interest rate swaps. Operating Income Excluding Valuation Gains/Losses from Intrest -164.2 81.7 Consolidated Vehic
Slide 13: Financial Services Operating Income
Excluding Valuation Gains/Losses Financial Services Operating Income from Interest Rate Swaps 13 FY2010 FY2010 FY2010 FY2010 3Q 3Q 99 months months (billions of yen) (billions of yen) 176.7 180 80 69.2 150 60 120 90 40 60 20 +73.5 30.6 +146.1 30 -4.3 0 0 '08/10-12 '09/10-12 '08/4-12 '09/4-12 (billio
Slide 14: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 14 FY2010 FY2010 FY2010 FY2010 3Q 3Q 99 months months (billions of yen) (billions of yen) 58.4 60 160 146.5 50 120 40 30 +56.1 80 -143.6 20 40 10 2.3 2.9 0 0 '08/10-12 '09/10-12 '08/4-12 '09/4-12 ・Profit increased as a result of earnings of affiliated compa
Slide 15: Unconsolidated Financial Summary (Japan GAAP, FY2010 Third Quarter)
Unconsolidated Financial Summary (Japan GAAP, FY2010 Third Quarter) 15 (billions of yen) FY2010 FY2009 3Q 3Q Change ('09/10-12) ('08/10-12) Net Revenues 2,439.9 2,292.2 147.7 6.4% Operating Income -20.2 -149.2 129.0 - Ordinary Income 23.1 -83.4 106.5 - Net Income 24.7 -6.4 31.1 -
Slide 16: Analysis of Unconsolidated Net Income (FY2010 Third Quarter)
Analysis of Unconsolidated Net Income (FY2010 Third Quarter) 16 (billions of yen) Net Income (+31.1) Operating Income (+129.0) Sales Volume / Mix 24.7 +10.0 -6.4 Cost Reduction Reduction in Fixed Costs, Effects of FOREX Non- Operating Income Tax, etc. Efforts etc. Rates Income +110.0 +39.0 -30.0 -22
Slide 17: Unconsolidated Financial Summary (Japan GAAP, FY2010 9months)
Unconsolidated Financial Summary (Japan GAAP, FY2010 9months) 17 (billions of yen) FY2010 FY2009 9months 9months Change ('09/4-12) ('08/4-12) Net Revenues 6,096.5 7,941.4 -1,844.9 -23.2% Operating Income -285.9 103.3 -389.2 - Ordinary Income -23.2 511.8 -535.0 - Net Income 5.9 465.8 -459.9 -98.7%
Slide 18: Analysis of Unconsolidated Net Income (FY2010 9months)
Analysis of Unconsolidated Net Income (FY2010 9months) 18 (billions of yen) Net Income (-459.9) 465.8 Operating Income (-389.2) Effects of Cost Reduction in Non- Income Tax, FOREX Reduction Fixed Costs, Operating etc. Rates Efforts etc. Income -310.0 +280.0 +210.8 -145.8 +75.1 5.9 Sales Volume / Mix
Slide 19: FY2010 Financial Forecasts
FY2010 Financial Forecasts
Slide 20: FY2010 Forecasts: Consolidated Vehicle Sales
FY2010 Forecasts: Consolidated Vehicle Sales 20 (thousands of vehicles) 8,000 7,567 7,030 7,180 (+150) 7,000 1,945 6,000 2,130 2,160 (+30) Japan 5,000 N. America 2,212 Europe 4,000 1,970 2,050 (+80) Asia 3,000 1,062 Other 870 850 (-20) Central and 2,000 South America, 905 930 970 (+40) Oceania, Afri
Slide 21: FY2010 Forecasts: Consolidated Financial Summary
FY2010 Forecasts: Consolidated Financial Summary 21 (billions of yen) New Forecasts Previous Forecasts FY2009 Results ('09/4-'10/3) ('09/4-'10/3) Change ('08/4-'09/3) Net Revenues 18,500.0 18,000.0 500.0 20,529.5 Operating Income -20.0 -350.0 330.0 -461.0 Income before income taxes and equity in ear
Slide 22: Analysis of FY2010 Consolidated Forecasts (vs. Previous Forecasts)
Analysis of FY2010 Consolidated Forecasts (vs. Previous Forecasts) 22 (billions of yen) Operating Income FY2010 Previous Forecasts ('09/4 - '10/3) -350.0 Emergency Profit Sales Volume / Mix +270.0 Improvement ※ Financial Services +50.0 Previous: ￥1,250 bn Positive Factors Cost Reduction Efforts +30.
Slide 23: Analysis of FY2010 Consolidated Forecasts: Operating Income (vs. FY2009 Results)
Analysis of FY2010 Consolidated Forecasts: Operating Income (vs. FY2009 Results) 23 (billions of yen) Operating Income FY2009 Results ('08/4 - '09/3) -461.0 Cost Reduction Efforts +470.0 Reduction in Fixed Costs +550.0 Positive Factors Others +81.0 Total +1,101.0 Sales Volume / Mix -230.0 Negative F
Slide 24: FY2010 Consolidated Forecasts: CAPEX, Depreciation, R&D
FY2010 Consolidated Forecasts: CAPEX, Depreciation, R&D 24 (billions of yen) New Previous FY2009 Forecasts Forecasts Change Results ('09/4-'10/3) ('09/4-'10/3) ('08/4-'09/3) Capital 690.0 760.0 -70.0 1,302.5 Expenditures Depreciation 1,000.0 1,000.0 ±0 1,072.1 Expenses R&D 760.0 800.0 -40.0 904.0 Ex
Slide 25: FY2010 Unconsolidated Forecasts (Japan GAAP)
(Reference) FY2010 Unconsolidated Forecasts (Japan GAAP) 25 (billions of yen) New Previous Forecasts Forecasts Change ('09/4-'10/3) ('09/4-'10/3) Net Revenues 8,500.0 8,200.0 300.0 Operating Income -360.0 -520.0 160.0 Ordinary Income -110.0 -280.0 170.0 Net Income -10.0 -120.0 110.0
Slide 26: FY2010 Toyota's Operations Forecasts
(Reference) FY2010 Toyota’s Operations Forecasts 26 (thousands of vehicles) FY2010 Forecasts FY2009 Results ('09/4-'10/3) ('08/4-'09/3) Japan 3,190 3,393 Automotive Production Overseas 4,070 3,710 Total 7,260 7,103 Sales (Japan) 1,580 1,340 Exports 1,620 2,139 Sales (Overseas) 5,720 6,064 Housing Sa
Slide 27: FY2010 Consolidated Forecasts: Emergency Profit Improvement
(Reference) FY2010 Consolidated Forecasts: Emergency Profit Improvement 27 (billions of yen) FY2010 FY2010 Previous Forecasts Increase New Forecasts ('09/4-'10/3) ('09/4-'10/3) Sales Volume / Mix 300.0 +270.0 570.0 Financial Services 130.0 +50.0 180.0 Cost Reduction Efforts 440.0 +30.0 470.0 Reducti
Slide 28: FY2010 Third Quarter Financial Results
FY2010 Third Quarter Financial Results Toyota Motor Corporation February 4, 2010