Nissan Motor Co., Ltd. · TSE:7201

Nissan Motor — FY2015 Earnings Presentation

27 slides from Nissan Motor's earnings presentation, May 12, 2016

  1. Slide 1: Fiscal Year 2015 Financial Results

    Fiscal Year 2015 Financial Results Nissan Motor Co., Ltd May 12, 2016 FY15 results Path to Nissan Power 88 FY16 outlook (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 2

  2. Slide 2: Key performance indicators: financial results

    Key performance indicators: financial results (TSE report basis - China JV Equity basis) (billion yen) Operating Free cash flow Net cash Net revenue Net income* profit (Auto) (Auto) 1,502.9 1,390.1 12,189.5 11,375.2 793.3 589.6 523.8 481.2 457.6 365.8 FY14 FY15 * Net income attributable to owners of

  3. Slide 3: FY15 sales performance: Japan and China

    FY15 sales performance: Japan ■ TIV: 4.94 million units, -6.8% Retail volume (thousand units) ■ Sales: 573 k units, -8.1% -8.1% 623 ■ Market share: 11.6%, -0.2 points 573 ■ X-Trail: 62.5 k units FY14 FY15 Market share -0.2 points X-Trail Nissan LEAF (%) 11.8 11.6 FY14 FY15 (C) Copyright NISSAN MOTOR

  4. Slide 4: FY15 sales performance: North America and Europe

    FY15 sales performance: North America ■ US US Retail volume • TIV: 17.60 million units, +5.2% +8.4% (thousand units) • Sales: 1,517 k units, +8.4% 1,517 • Market share: 8.6%, +0.2 points 1,400 ■ Canada • Sales: 134 k units, +13.3% • Market share: 6.9%, +0.6 points FY14 FY15 ■ Mexico US Market share

  5. Slide 5: FY15 sales performance: Other markets and Infiniti

    FY15 sales performance: Other markets ■ Estimated TIV: 19.19 million units, -4.8 % ■ Sales: 835 k units, -5.9% * Asia & Oceania: 357 k units, -1.7% M/S * Latin America: 171 k units, -6.7% M/S Retail volume Middle East: 208 k units, -12.4% M/S * * (thousand units) -5.9% Africa: 99 k units, -4.1% M/S

  6. Slide 6: FY15 financial performance

    FY15 financial performance (TSE report basis - China JV Equity basis) Change (billion yen) FY14 FY15 Variance vs. FY14 (%) Net revenue 11,375.2 12,189.5 +814.3 +7.2% Operating profit 589.6 793.3 +203.7 +34.6% OP margin 5.2% 6.5% Non-operating 104.6 69.0 Ordinary profit 694.2 862.3 +168.1 +24.2% Extr

  7. Slide 7: Free cash flow and inventory management

    FY15 financial performance (TSE report basis - China JV Equity basis) Free cash flow (Auto business) (billion yen) +133.4 +956.0 -22.3 891.3 -175.8 +35.4 481.2 -445.5 Net cash AP / AR Inventory Tax / other Cash flow CAPEX* Others Free cash inflow from operating from flow P&L items activities operati

  8. Slide 8: Net Cash (Auto business)

    Net Cash (Auto business) (TSE report basis - China JV Equity basis) (billion yen) 1,600 1,502.9 1,390.1 1,400 1,200 1,015.9 1,000 800 600 400 200 0 2014 2015 2016 Mar. Mar. Mar. FX: JPY/USD End of month 102.9 120.2 112.7 (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved.

  9. Slide 9: FY15 financial performance (management pro forma basis)

    FY15 financial performance (management pro forma basis*1 ) Change (billion yen) FY14 FY15 Variance vs. FY14 (%) Net revenue 12,406.3 13,365.6 +959.3 +7.7% Operating profit 718.6 935.5 +216.9 +30.2% OP margin 5.8% 7.0% +1.2% *2 Net income 457.6 523.8 +66.2 +14.5% 109.8 JPY/USD 120.2 JPY/USD +10.4 JPY

  10. Slide 10: Nissan Power 88 progress

    Path to Nissan Power 88 Nissan Power 88 progress (thousand units) (billion yen) (billion yen) (billion yen) (billion yen) Operating Free cash flow * Net cash * Sales volume Total assets * profit * (Auto) (Auto) Cumulative 1.7 tri. JPY +29.6% (exceeded NP88 +74.0% +67.9% objective 1.5 tri. JPY) 5,423

  11. Slide 11: Product offensive continues: Japan and China

    Path to Nissan Power 88 Product offensive continues: Japan (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 21 Path to Nissan Power 88 Product offensive continues: China Launched in 2015 Launched in 2016 (Mar.) All-new Lannia New Sylphy Coming in 2016 Coming in 2016 Al

  12. Slide 12: Product offensive continues: US and Europe

    Path to Nissan Power 88 Product offensive continues: US Launched in 2015 New Sentra All-new Titan New Altima All-new Maxima (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 23 Path to Nissan Power 88 Product offensive continues: Europe Launched in 2015 Q30 (C) Copyrigh

  13. Slide 13: Product offensive continues: Kicks

    Path to Nissan Power 88 Product offensive continues: Kicks Coming in 2016 Kicks (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 25 Path to Nissan Power 88 Product offensive continues: Infiniti Coming in 2016 Q60 (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.c

  14. Slide 14: Product offensive continues: Infiniti and Datsun

    Path to Nissan Power 88 Product offensive continues: Infiniti Coming in 2016 QX30 (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 27 Path to Nissan Power 88 Product offensive continues: Datsun Coming in 2016 redi-GO (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-glob

  15. Slide 15: Cost efficiencies and revenue optimization

    Path to Nissan Power 88 Cost efficiencies ■ Common Module Family (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 29 Path to Nissan Power 88 Revenue optimization Vehicle sales Sales finance Aftersales (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All right

  16. Slide 16: Intelligent mobility vision

    Path to Nissan Power 88 Intelligent mobility vision Intelligent Mobility Autonomous Drive Electric Vehicle Connected Car (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 31 Path to Nissan Power 88 Intelligent mobility vision ■ Autonomous drive roadmap 2016 2018 2020 

  17. Slide 17: Alliance and strategic cooperation synergies

    Path to Nissan Power 88 Alliance and strategic cooperation (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 33 Path to Nissan Power 88 Alliance and strategic cooperation (€ billion) 5.5 Synergies 4.1 3.8 2.7 2.9 1.7 2011 2012 2013 2014 2015 2018 (Visibility) (Target) (

  18. Slide 18: FY16 sales outlook

    FY15 results Path to Nissan Power 88 FY16 outlook (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 35 FY16 sales outlook TIV *1 Retail volume *2 vs. FY15 *2 **M/S 6.3% vs. FY15 **M/S 6.2% 89.4 Global +2.6% 5,423 5,600 Global +3.3% 87.2 4.9 5.0 Japan +1.9% 580 Japan +1.

  19. Slide 19: FY16 outlook

    FY16 outlook (TSE report basis - China JV Equity basis) FY15 FY16 Change (billion yen) Variance actual outlook vs. FY15 (%) Net revenue 12,189.5 11,800.0 -389.5 -3.2% Operating profit 793.3 710.0 -83.3 -10.5% OP margin 6.5% 6.0% -0.5% Ordinary profit 862.3 800.0 -62.3 -7.2% Net income * 523.8 525.0

  20. Slide 20: FY16 shareholder return outlook

    FY16 outlook (management pro forma basis ) *1 FY15 FY16 Change (billion yen) Variance actual outlook vs. FY15 (%) Net revenue 13,365.6 13,000.0 -365.6 -2.7% Operating profit 935.5 860.0 -75.5 -8.1% *2 Net income 523.8 525.0 +1.2 +0.2% *1: Based on continuation of proportionate consolidation of China

  21. Slide 21: Appendix

    (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 41 Appendix

  22. Slide 22: Sales financing: funding sources and penetration

    Sales financing : funding sources (As of March 2016) Equity Group Finance 10.9% (Inter-Company) ABS Off B/S 17.9% 2.1% Commercial paper 4.3% ABS On B/S S/T Loan 24.9% 3.6% L/T Loan Bonds 25.0% 11.3% Total funding amount 8,688 billion yen (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All

  23. Slide 23: Sales financing: net credit loss ratio and operating profit

    Sales financing : net credit loss ratio FY14 FY15 Variance Lease: 0.04% Lease: 0.02% Lease: -0.02% NFS Retail: 0.11% Retail: 0.11% Retail: 0.00% Lease: 0.26% Lease: 0.33% Lease: +0.07% NMAC Retail: 0.81% Retail: 0.93% Retail: +0.12% Lease: 0.17% Lease: 0.18% Lease: +0.01% NCF Retail: 0.41% Retail: 0

  24. Slide 24: Operating profit variance analysis and 4Q sales performance

    FY15 financial performance (TSE report basis - China JV Equity basis) Operating profit variance analysis (billion yen) 1. Foreign exchange impact -13.3 USD +121.1 (109.8 ⇒ 120.2) CAD -15.2 (96.4 ⇒ 91.8) MXN -39.8 (8.00 ⇒ 7.26) CNY -12.2 (17.2 ⇒ 19.2) RUB -24.7 (2.54 ⇒ 1.91) Others -42.5 2. Volume /

  25. Slide 25: FY15 4th quarter financial performance

    FY15 4th quarter financial performance (3 months) (TSE report basis - China JV Equity basis) FY14 FY15 Change (billion yen) Variance 4Q 4Q vs. FY14 (%) Net revenue 3,286.7 3,246.5 -40.2 -1.2% Operating profit 171.6 205.7 +34.1 +19.9% OP margin 5.2% 6.3% Non-operating 26.3 25.5 Ordinary profit 197.9

  26. Slide 26: FY15 4th quarter variance analysis and free cash flow

    FY15 4th quarter financial performance (3 months) (TSE report basis - China JV Equity basis) Operating profit variance analysis (billion yen) 1. Foreign exchange impact -33.1 CAD -12.0 (96.0 ⇒ 84.0) MXN -5.7 (7.97 ⇒ 6.40) USD -11.7 (119.2 ⇒ 115.4) RUB -3.7 (1.90 ⇒ 1.55) THB +6.2 (3.65 ⇒ 3.24) Others

  27. Slide 27: Detail of other markets retail sales

    FY15 retail sales FY15 Detail of other markets FY14 600 500 (thousand units) 400 363.4 357.0 300 237.1 207.8 200 184.0 171.7 103.8 99.5 100 0 Asia & Latin M.East Africa Oceania America (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 53 FY15 4th quarter retail sales (3

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