Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — H1 FY2019 Earnings Presentation
8 slides from Nissan Motor's earnings presentation, Nov 12, 2019
Slide 1: FY19 1st Half Results, FY19 Outlook
Nissan Motor Co., Ltd. November 12th, 2019 FY19 1ST HALF RESULTS FY19 OUTLOOK www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2
Slide 2: 2Q Sales and Operating Profit Variance Analysis
SALES PROFIT 2Q OPERATING PROFIT CHANGE (THOUSAND UNITS) FY18 2Q FY19 2Q vs FY18 VARIANCE ANALYSIS (BILLION YEN) TIV 22,455 21,352 -4.9% 101.2 PURCHASING -44.6 COST RETAIL REDUCTION: 1,374 1,270 -7.5% +25.2 SALES R&D/MFG EXP.: -10.6 Nissan outperformed the following market: OTHERS: • China (Nissan -
Slide 3: Nissan Brand KPI Trend and 2Q Financial Results
NISSAN BRAND KPI TREND NET REVENUE PER UNIT (AFTER DEDUCTING RETAIL INCENTIVE PER UNIT DECREASING INCENTIVES) IMPROVING FY18 FY19 FY18 FY19 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 DEALER INVENTORY REDUCED BY -22K UNITS (-9%) FLEET RATIO IS STILL HIGH, BUT LOWER INCENTIVE & UNDER CONTRO
Slide 4: Global TIV and Retail Volume, Key Markets
GLOBAL TIV *1 RETAIL VOLUME 46.59 vs. FY18 M/S*2 5.8% 2.48 43.85 GLOBAL -5.9% 2,683 M/S*2 5.7% vs. FY18 2.62 JAPAN +5.6% 2,501 GLOBAL -6.8% 285 281 JAPAN -1.3% 13.23 11.53 CHINA -12.8% 720 718 CHINA -0.3% 10.62 NORTH -1.4% 10.46 AMERICA (8.79) (8.75) (U.S.) (-0.4%) 942 NORTH (709) 877 -6.9% AMERICA
Slide 5: FY19 1H Financial Results and Operating Profit Variance
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) (BILLION YEN) FY18 FY19 VARIANCE CHANGE 1H 1H vs. FY18 (%) NET REVENUE 5,532.7 5,003.1 -529.6 -9.6% OPERATING PROFIT 210.3 31.6 -178.7 -85.0% OP MARGIN 3.8% 0.6% NON-OPERATING 119.6 84.0 ORDINARY PROFIT 329.9 115.6 -214.3 -64.9% EXTRAORDINARY -6.0 -10.9 PRO
Slide 6: FY19 Outlook: TIV and Retail Volume
FY19 1ST HALF RESULTS FY19 OUTLOOK www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 11 TIV *1 RETAIL VOLUME vs ORIGINAL 92.85 OUTLOOK*2 M/S*3 6.0% vs ORIGINAL 5.31 88.50 GLOBAL -4.7% 5,540 M/S*3 5.9% OUTLOOK*2 5.30 JAPAN -0.2% 5,240 GLOBAL -5.4% 610 580 JAPAN -4.9% 27.43
Slide 7: FY19 Revised Outlook and Operating Profit Variance
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) CHANGE VARIANCE FY19 FY19 vs. vs. (BILLION YEN) ORIGINAL REVISED ORIGINAL ORIGINAL OUTLOOK*1 OUTLOOK OUTLOOK*1 OUTLOOK*1 (%) RETAIL VOLUME (K. units) 5,540 5,240 -300 -5.4% NET REVENUE 11,300.0 10,600.0 -700.0 -6.2% OPERATING PROFIT 230.0 150.0 -80.0 -34.8%
Slide 8: Dividend per Share 40 Yen
FY19 FY19 ORIGINAL REVISED OUTLOOK * OUTLOOK DIVIDEND 1H 2H 40 YEN PER SHARE 10 YEN TBD * ORIGINAL OUTLOOK ON MAY 14, 2019 www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 15 This presentation contains forward-looking statements, based on judgments and estimates that hav