Honda Motor Co., Ltd. · TSE:7267
Honda Motor — Q2 2023 Earnings Presentation
29 slides from Honda Motor's earnings presentation, Nov 10, 2022
Slide 1: FY23 2nd Quarter Financial Results
FY23 2nd Quarter Financial Results November 9, 2022 1
Slide 2: Contents
Contents • Outline of FY23 2nd Quarter Financial Results and FY23 Financial Forecast • Financial Results and Forecast • FY23 Six Months Results • FY23 Financial Forecast 2
Slide 3: Summary
Summary ■ FY23 Results Six Months Results (Apr. – Sep.) ・Despite the challenging environment, such as the semiconductor supply shortage resulted in a decrease in automobile production and sales, and an increase in raw material cost, continued to work on company-wide efforts to improve profit. ・With
Slide 4: Main Market (Automobiles)
Main Market (Automobiles) ■Sales Results in FY23 Main Countries Retail YTD: Despite effects of new model introductions, ended YTD（ Apr. - Sep. ） Unit vs. FY22 lower than the same period last year mainly due to the （thousand） （％） impact from the semiconductor supply shortage. Japan 253 94.8 QTD: Exce
Slide 5: Main Market (Motorcycles)
Main Market (Motorcycles) Main Countries Wholesale ■Sales Results in FY23 Despite the impact from the semiconductor supply YTD（ Apr. - Sep. ） Unit vs. FY22 shortage, exceeded the same period last year in many (thousand) (%) countries by replacing sales models and utilizing India 2,310 136.1 alternat
Slide 6: Outline of FY23 Six Months Results (Consolidated)
Outline of FY23 Six Months Results (Consolidated) Operating Despite some unfavorable factors such as a decrease in automobile units of production profit : and sales due to the impact from semiconductor supply shortage and an increase in raw material cost, operating profit increased by 11.2 billion y
Slide 7: FY23 Financial Forecast (Consolidated)
FY23 Financial Forecast (Consolidated) vs Previous Forecast: Operating Despite the impact of decrease in automobile unit sales and continuing increasing cost profit : pressure are expected, reflects further strengthening company-wide efforts to improve profit, including the increase in motorcycle un
Slide 8: Dividends and Status of Acquisition of Company's Own Shares
Dividends and Status of Acquisition of Company’s Own Shares Dividend per Share (Yen) FY23 FY23 Change from (Previous) (Expectation) previous forcast Interim Dividend (60) 60 - Year-end Dividend (60) (60) - Fiscal Year (120) (120) - *（ ）: Expected value <Status of Acquisition of the Company’s Own Sha
Slide 9: Contents
Contents • Outline of FY23 2nd Quarter Financial Results and FY23 Financial Forecast • Financial Results and Forecast • FY23 Six Months Results • FY23 Financial Forecast 9
Slide 10: Honda Unit Sales <FY23 Six Months>
Honda Unit Sales <FY23 Six Months> Unit (thousand) Motorcycles Automobiles Power Products YTD YTD YTD Honda Group Unit Sales FY22 FY23 Change FY22 FY23 Change FY22 FY23 Change Japan 126 114 - 12 248 241 -7 184 184 +0 North 214 220 +6 667 542 - 125 1,597 1,306 - 291 America Europe 184 144 - 40 56 45
Slide 11: Change in Profit before Income Taxes <FY23 Six Months>
Change in Profit before Income Taxes <FY23 Six Months> Yen (billion) Profit before Income Taxes - 44.5 ( - 8.0 %) Operating Profit + 11.2 (+ 2.5 %) Excluding currency effects - 141.9 560.3 - 100.1 + 153.2 - 24.3 - 31.5 515.8 Profit of + 8.2 - 41.9 equity method Other - 8.2 Sales Price/Cost impacts i
Slide 12: Sales Revenue/Operating Profit by Business Segment <FY23 Six Months>
Sales Revenue/Operating Profit (Margin) by Business Segment <FY23 Six Months> upper：FY23 Motorcyle Automobile Financial Services Power Product and lower：FY22 Business Business Business Other Businesses Unit (thousand) 9,202 1,785 - 2,935 Honda Group (6,343) (1,093) - (2,935) Unit Sales (Consolidated
Slide 13: Cash Flows of Non-financial Services Businesses
Cash Flows of Non-financial Services Businesses Yen (billion) Six Months FY22 FY23 Cash flows from operating activities + 211.1 + 555.0 Cash flows from investing activities - 229.9 - 401.6 Free cash flow - 18.7 + 153.3 Cash flows from financing activities - 197.2 - 205.2 Effects of exchange rate cha
Slide 14: Contents
Contents • Outline of FY23 2nd Quarter Financial Results and FY23 Financial Forecast • Financial Results and Forecast • FY23 Six Months Results • FY23 Financial Forecast 14
Slide 15: Forecast: Honda Unit Sales
Forecast: Honda Unit Sales Unit (thousand) Motorcycles Automobiles Power Products Honda Group FY23 FY23 FY23 FY23 FY23 FY23 Unit Sales Change Change Change Previous Revised Previous Revised Previous Revised Japan 265 255 - 10 550 565 + 15 370 375 +5 North 440 445 +5 1,390 1,255 - 135 2,250 2,280 + 3
Slide 16: FY23 Forecast: Change in Profit before Income Taxes
FY23 Forecast: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes + 9.8 (+ 0.9 % ) Operating Profit - 1.2 ( - 0.1 % ) Excluding currency effects - 287.2 1,070.1 + 41.8 - 110.0 + 286.0 + 22.4 - 11.4 1,080.0 Sales - 152.0 Profit of Other impacts Price/Cost equity method *1 i
Slide 17: FY23 Forecast: Change in Profit before Income Taxes vs Previous Forecast
FY23 Forecast: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes + 40.0 ( + 3.8 % ) Operating Profit + 40.0 ( + 4.8 % ) Excluding currency effects - 80.0 1,040.0 - 128.0 + 120.0 + 10.0 - 10.0 1,080.0 Profit of + 36.0 - 4.0 + 16.0 equity method Other Currency Expenses R&D
Slide 18: FY23 Forecast: Capital Expenditures/Depreciation/R&D
FY23 Forecast: Capital Expenditures/Depreciation/R&D FY22 FY23 Change from Change Yen (billion) Results Forecast previous forecast Capital expenditures *1 278.4 550.0 + 271.5 + 40.0 Depreciation and amortization *1 369.9 455.0 + 85.0 + 10.0 Research and development expenditures *2 804.0 860.0 + 55.9
Slide 19: Caution with Respect to Forward-Looking Statements
Caution with Respect to Forward-Looking Statements: This slide contains forward-looking statements about the performance of Honda, which are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that Honda’s actual resul
Slide 20: HONDA The Power of Dreams
HONDA The Power of Dreams
Slide 21: Appendix
Appendix 21
Slide 22: FY23 2nd Quarter Financial Results (Consolidated)
FY23 2nd Quarter Financial Results (Consolidated） Unit (thousand) Honda Group QTD Increased from the same period last Unit Sales FY22 FY23 Change Motorcycles year mainly due to an increase in (Consolidated Unit Sales) Results Results Vietnam. 4,294 4,951 + 15.3% Motorcycles Increased from the same p
Slide 23: Change in Profit before Income Taxes <FY23 2nd Qtr>
Change in Profit before Income Taxes <FY23 2nd Qtr > Yen (billion) Profit before Income Taxes + 29.3 ( + 11.8 % ) Operating Profit + 32.2 ( + 16.2 % ) Excluding currency effects - 56.6 + 89.0 + 9.0 - 11.8 278.4 249.0 - 10.6 Profit of - 6.1 - 29.8 equity method Other Sales Price/Cost - 10.1 impacts i
Slide 24: Sales Revenue/Operating Profit by Business Segment <FY23 2nd Qtr>
Sales Revenue/Operating Profit (Margin) by Business Segment <FY23 2nd Qtr> upper：FY23 Motorcyle Automobile Financial Services Power Product and lower：FY22 Business Business Business Other Businesses Unit (thousand) 4,951 970 - 1,389 Honda Group (3,371) (564) - (1,389) Unit Sales 4,294 917 - 1,522 (C
Slide 25: Change in Sales Revenue
Change in Sales Revenue (Sales revenue from external customers) Yen (billion) Three Months compared with FY22 2Q: + 851.3 / + 25.0 % (Excluding currency translation effects：+ 211.8 / + 6.2 %) Change FY22 FY23 Change excluding currency translation effects （％） Motorcycle Business 505.5 736.6 + 231.1 +
Slide 26: Sales Revenue / Operating Profit by Geographical Segment
Sales Revenue / Operating Profit by Geographical Segment Yen (billion) Japan North America Europe Asia Other Regions Three Months FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 Sales 1,023.1 1,168.6 1,960.5 2,317.9 174.0 151.8 883.5 1,326.9 148.9 203.9 Revenue Operating 13.3 55.9 126.0 52.9 2.8 4
Slide 27: Capital Expenditures/Depreciation/R&D <FY23 2nd Qtr>
Capital Expenditures/Depreciation/R&D <FY23 2nd Qtr> QTD YTD FY22 FY23 FY22 FY23 Change Change Yen (billion) Results Results Results Results Capital expenditures 69.8 140.5 + 70.6 126.9 242.1 + 115.2 Depreciation and 99.9 105.8 + 5.9 193.7 207.3 + 13.6 amortization Research and development 185.1 190
Slide 28: Sales Revenue/Operating Profit by Business Segment
Sales Revenue/Operating Profit by Business Segment Yen (billion) QTD YTD FY22 FY23 Change Change FY22 FY23 Change Segment Information 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q (%) Change Results Results (%) Sales Revenue Motorcycle Business 518.2 505.5 578.3 583.1 676.0 736.6 + 231.1 + 45.7% 1,023.7 1,412.6 + 388.9 +
Slide 29: Honda Group Unit Sales/Consolidated Unit Sales
Honda Group Unit Sales/Consolidated Unit Sales Unit (thousand) QTD YTD Forecast FY22 FY23 Honda Group FY22 FY23 FY22 FY23 Unit Sales 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change Change Change Results Results Results Forecast Motorcycles 3,879 4,294 4,602 4,252 4,251 4,951 + 657 8,173 9,202 + 1,029 17,027 18,430 +