Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 2021 Earnings Presentation
23 slides from Toyota Motor's earnings presentation, Nov 5, 2020
Slide 1: FY2021 Second Quarter Financial Results
FY2021 Second Quarter Financial Results Toyota Motor Corporation GR Yaris November 6, 2020
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements and Caution concerning Insider Trading
Cautionary Statement with Respect to Forward-Looking Statements and Caution concerning Insider Trading 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 u
Slide 3: FY2021 Second Quarter Financial Performance (FY2021 First Half)
FY2021 Second Quarter Financial Performance (FY2021 First Half) Toyota Motor Corporation voluntarily adopted International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 2021. Therefore, the contents from the next page are described based on IFRS. 3
Slide 4: Consolidated Vehicle Sales (FY2021 First Half)
Consolidated Vehicle Sales (FY2021 First Half) (thousands of vehicles) 5,000 4,657 Japan 4,000 1,140 N.America Europe 3,086 66.3％ Asia 3,000 1,446 1,446 Other 921 80.8％ Central and South America, 2,000 Oceania, 530 930 Africa, The Middle East, 930 64.3％ etc. 1,000 846 395 846 74.6％ 456 53.9％ 696 0 3
Slide 5: Consolidated Financial Summary (FY2021 First Half)
Consolidated Financial Summary (FY2021 First Half) (billions of yen) FY2021 1H FY2020 1H (’20/4-9) Change (’19/4-9) Sales Revenues 11,375.2 15,358.2 -3,983.0 Operating Income 519.9 1,399.2 -879.2 Margin 4.6％ 9.1% Other Income 208.8 222.6 -13.7 Share of Profit (Loss) of Investments Accounted for Usin
Slide 6: Analysis of Consolidated Operating Income (FY2021 First Half)
Analysis of Consolidated Operating Income (FY2021 First Half) -805.0 (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. 1,399.2 -120.0 -970.0 +50.0 Effects of Cost FOREX Rates *1 Reduction Efforts +45.8 519.9 +115.0 Other *4 Effects of Incr
Slide 7: Geographic Operating Income (FY2021 First Half)
Geographic Operating Income (FY2021 First Half) Operating Income (billions of yen) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) Consolidated Vehicle Sales (thousands of vehicles) [ ] margin Japan N. America Europe Asia Other 1,446 1,140 921 （80.8%） 930 （64.3%） 846 696 530 -583.4
Slide 8: China Business / Financial Services (FY2021 First Half)
China Business / Financial Services (FY2021 First Half) (Reference) China Business Financial Services Operating Income Operating Income of Subsidiaries (billions of yen) Operating Income (billions of yen) ＊ Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Los
Slide 9: Shareholder Return: Dividends (Common Share)
’17/3 – ’19/3：US GAAP Shareholder Return : Dividends (Common Share) ’20/3 – ’21/3：IFRS Year-end Dividend Interim Dividend (yen) 210 220 220 220 200 Ordinary Dividend: 100 yen 150 110 120 120 120 Special Dividend: 5 yen 100 50 100 100 100 100 105 0 ’17/3(Full Year) ’18/3(Full Year) ’19/3(Full Year) ’
Slide 10: Shareholder Return: Share Repurchase
’17/3 – ’19/3：US GAAP Shareholder Return : Share Repurchase ’20/3 – ’21/3：IFRS (billions of yen) Transition of 6,000 Share Repurchase No share repurchase No share repurchase 4,000 299.9 299.9 as the year-end 249.9 shareholder return as the interim Year-end Shareholder Returns 2,000 shareholder retur
Slide 11: FY2021 Financial Forecasts
FY2021 Financial Forecasts 11
Slide 12: FY2021 Forecasts: Consolidated Vehicle Sales
FY2021 Forecasts: Consolidated Vehicle Sales （thousands of vehicles） 10,000 8,955 Japan 8,000 7,200 7,500 +300 2,240 N.America Europe 2,040 +80 Asia 6,000 1,960 2,713 Other ±0 Central and South America, 4,000 2,330 2,330 Oceania, Africa, 1,029 The Middle East, etc. 870 930 +60 2,000 1,600 1,130 1,19
Slide 13: FY2021 Forecasts: Consolidated Financial Summary
FY2021 Forecasts: Consolidated Financial Summary （billions of yen） New Forecasts Previous Forecasts FY2020 Results (’20/4-’21/3) (’20/4-’21/3) Change (’19/4-’20/3) Sales Revenues 26,000.0 24,000.0 +2,000.0 29,866.5 Operating Income 1,300.0 500.0 +800.0 2,399.2 Margin 5.0％ 2.1％ 8.0％ Other Income 460.
Slide 14: Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. Forecasts as of May 2020)
Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. Forecasts as of May 2020) （billions of yen） +45.0 1,300.0 +205.0 +385.0 Other Effects of Other Factors excluding Sales of Vehicles +165.0 500.0 Effects of Increase in Effects of FOREX Sales of Vehicles Rates Forecasts as of May 2020 FY
Slide 15: Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. FY2020 Results)
Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. FY2020 Results) -865.0 Excluding the overall impact of foreign exchange （billions of yen） rates and swap valuation gains/losses, etc. 2,399.2 -265.0 +155.0 -980.0 Effects of Cost FOREX Reduction Rates ＊1 Efforts -40.0 +30.8 1,300.0 Eff
Slide 16: (Reference) Consolidated Vehicle Sales (FY2021 2Q)
(Reference) Consolidated Vehicle Sales (FY2021 2Q) （thousands of vehicles） 2,500 2,340 Japan 2,000 585 1,928 82.4％ N.America Europe 536 91.7％ Asia 1,500 702 702 Other Central and 1,000 646 646 92.0％ South America, Oceania, 251 Africa, The Middle East, etc. 254 101.1％ 500 436 436 274 62.9％ 366 218 59
Slide 17: (Reference) Consolidated Financial Summary (FY2021 2Q)
(Reference) Consolidated Financial Summary (FY2021 2Q) （billions of yen） FY2021 2Q FY2020 2Q Change (’20/7-9) (’19/7-9) Sales Revenues 6,774.4 7,637.0 -862.5 Operating Income 506.0 658.6 -152.5 Margin 7.5％ 8.6% Other Income 104.5 112.2 -7.7 88.9 95.1 -6.1 Share of Profit (Loss) of Investments Accoun
Slide 18: (Reference) Analysis of Consolidated Operating Income (FY2021 2Q)
(Reference) Analysis of Consolidated Operating Income (FY2021 2Q) （billions of yen） -80.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. 658.6 -45.0 +40.0 -160.0 Effects of FOREX Rates *1 Cost Reduction +40.0 -27.5 506.0 Efforts Increase or Decrease Effe
Slide 19: (Reference) Geographic Operating Income (FY2021 2Q)
(Reference) Geographic Operating Income (FY2021 2Q) Operating Income (billions of yen) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) [ ] margin Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other 702 646 （92.0%） 585 536 （91.7%） 436 366 274 （62.9%
Slide 20: (Reference) China Business / Financial Services (FY2021 2Q)
(Reference) China Business / Financial Services (FY2021 2Q) (Reference) China Business Financial Services Operating Income Operating Income of Subsidiaries (billions of yen) Operating Income (billions of yen) ＊ Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains
Slide 21: (Reference) Transition of Financial Performance
’17/3 – ’19/3：US GAAP (Reference) Transition of Financial Performance ’20/3 – ’21/3：IFRS Net Income Attributable to Consolidated Vehicle Sales Sales Revenues （ trillions of yen ） Operating Income（ billions of yen ） Toyota Motor Corporation （ thousands of vehicles ） Operating Margin(%) Net Margin(%)
Slide 22: (Reference) FY2021 Forecasts: Vehicle Production and Retail Sales
〈Reference〉 FY2021 Forecasts: Vehicle Production and Retail Sales （thousands of vehicles） New Forecasts Previous Forecasts Change FY2020 Results ′20/4- ′21/3 ′20/4- ′21/3 ′19/4- ′20/3 Vehicle Japan 2,900 2,800 +100 3,304 Toyota & Lexus 生産 Production Overseas 5,350 5,200 +150 5,437 ＊１ Total 8,250 8,0
Slide 23: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales P4,7,12,16, P4,12,16, Daihatsu- and Hino- brand vehicles 19,21 22(in bottom part) Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales P4,8,12,16, Customers 20,22 Toyota- and Lexus- brand