Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 2021 Earnings Presentation
22 slides from Toyota Motor's earnings presentation, Feb 9, 2021
Slide 1: FY2021 Third Quarter Financial Results
FY2021 Third Quarter Financial Results To y o t a M o t o r C o r p o r a t i o n February 10, 2021 MIRAI 1
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 Third Quarter Financial Performance
FY2021 Third Quarter Financial Performance 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 9 months)
Consolidated Vehicle Sales (FY2021 9 months) (thousands of vehicles) 8,000 8,000 6,858 Japan N. America 6,000 6,000 1,656 5,438 79.3％ Europe Asia 1,513 91.3％ Other 4,000 4,000 2,114 Central and South America, Oceania, 1,683 79.6％ Africa, 778 The Middle East, etc. 2,000 2,000 1,255 679 87.4％ 848 67.6
Slide 5: Transition of Toyota and Lexus Vehicle Sales
Transition of Toyota and Lexus Vehicle Sales (Year on Year :％) （%） Japan （%） N. America （%） Europe 140 137 140 140 127 113 117 114 115 120 111 120 112 120 111 104 107 107 105 95 93 96 97 99 100 89 112 100 100 87 88 80 83 82 77 98 Global 80 67 92 80 71 74 80 79 60 60 63 60 （%） 49 140 40 40 40 44 20 2
Slide 6: Consolidated Financial Summary (FY2021 9 months)
Consolidated Financial Summary (FY2021 9 months) (billions of yen) FY2021 9 months FY2020 9 months (’20/4-12) Change (’19/4-12) Sales Revenues 19,525.2 22,967.2 -3,441.9 Operating Income 1,507.9 2,039.3 -531.3 Margin 7.7％ 8.9% Other Income 362.0 354.4 +7.6 Share of Profit (Loss) of Investments *1 Ac
Slide 7: Analysis of Consolidated Operating Income (FY2021 9 months)
Analysis of Consolidated Operating Income (FY2021 9 months) (billions of yen) Transition of each quarter (billions of yen) -430.0 ‘20/4-6 ： -725.0 Excluding the overall impact of foreign exchange 2,039.3 -175.0 rates and swap valuation gains/losses, etc. ‘20/7-9 ： -80.0 ‘20/10-12 ：+375.0 +100.0 -615
Slide 8: Geographic Operating Income (FY2021 9 months)
Geographic Operating Income (FY2021 9 months) 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 2,114 1,656 1,683 (79.6%) 1,513 (91.3%) 1,255 848 (67.6%
Slide 9: China Business / Financial Services (FY2021 9 months)
China Business / Financial Services (FY2021 9 months) (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/Losses
Slide 10: FY2021 Financial Forecasts
FY2021 Financial Forecasts 10
Slide 11: FY2021 Forecasts: Consolidated Vehicle Sales
FY2021 Forecasts: Consolidated Vehicle Sales （thousands of vehicles） 10,000 10,000 8,955 Japan 8,000 8,000 7,500 7,600 +100 2,240 N. America Europe 2,040 2,100 +60 Asia 6,000 6,000 2,713 Other Central and 4,000 4,000 2,330 2,300 -30 South America, Oceania, 1,029 Africa, The Middle East, etc. 930 970
Slide 12: 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 26,500.0 26,000.0 +500.0 29,866.5 Operating Income 2,000.0 1,300.0 +700.0 2,399.2 Margin 7.5％ 5.0％ 8.0％ Other Income 550.
Slide 13: Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. Previous Forecasts)
Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) +675.0 （billions of yen） Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +140.0 +15.0 2,000.0 +505.0 Other *4 Increase or Decrease 1,300.0 +10.0 +30.0 In Expenses and Exp
Slide 14: Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. FY2020 Results)
Analysis of FY2021 Forecasts: Consolidated Operating Income (vs. FY2020 Results) -190.0 Excluding the overall impact of foreign exchange （billions of yen） 2,399.2 -255.0 +185.0 rates and swap valuation gains/losses, etc. -475.0 Effects of Cost +100.0 +45.8 2,000.0 FOREX Reduction Rates *1 Efforts Ot
Slide 15: (Reference) Consolidated Vehicle Sales (FY2021 3Q)
(Reference) Consolidated Vehicle Sales (FY2021 3Q) （thousands of vehicles） 2,500 2,500 2,353 106.9％ 2,201 Japan 592 114.7％ N. America 2,000 2,000 516 Europe Asia 1,500 1,500 753 112.7％ Other 668 Central and South America, Oceania, 1,000 1,000 Africa, 248 285 114.8％ The Middle East, etc. 500 500 409
Slide 16: (Reference) Consolidated Financial Summary (FY2021 3Q)
(Reference) Consolidated Financial Summary (FY2021 3Q) （billions of yen） FY2021 3Q FY2020 3Q Change (’20/10-12) (’19/10-12) Sales Revenues 8,150.0 7,608.9 +541.1 Operating Income 987.9 640.0 +347.8 Margin 12.1％ 8.4% Other Income 153.2 131.8 +21.3 Share of Profit (Loss) of Investments *1 Accounted fo
Slide 17: (Reference) Analysis of Consolidated Operating Income (FY2021 3Q)
(Reference) Analysis of Consolidated Operating Income (FY2021 3Q) （billions of yen） +375.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +355.0 -30.0 +27.8 987.9 Increase or Decrease Other *4 In Expenses and 640.0 -55.0 +50.0 Expense Reduction Marketing
Slide 18: (Reference) Geographic Operating Income (FY2021 3Q)
(Reference) Geographic Operating Income (FY2021 3Q) 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 668 753 (112.7%) 516 592 (114.7%) 409 392 (95.9%)
Slide 19: (Reference) China Business / Financial Services (FY2021 3Q)
(Reference) China Business / Financial Services (FY2021 3Q) (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/L
Slide 20: (Reference) Transition of Financial Performance
(Reference) Transition of Financial Performance ’17/3 – ’19/3：US GAAP ’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(%) (billions of yen) 3
Slide 21: 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 2,940 2,900 +40 3,304 Toyota & Lexus Production Overseas 5,310 5,350 -40 5,437 *1 Total 8,250 8,250 ±0
Slide 22: Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales P4,8,11,15, P4,11,15, Daihatsu- and Hino- brand vehicles 18,20 21(in bottom part) Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales Customers P4,5,9,11, 15,19,21 Toyota and Lexus Vehicl