Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2015 Q2 Earnings Presentation
25 slides from Toyota Motor's earnings presentation, Nov 5, 2014
Slide 1: FY2015 Second Quarter Financial Results
FY2015 Second Quarter Financial Results LEXUS RC F Toyota Motor Corporation November 5, 2014
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionaryy Statement with Respect p to Forward-Looking g Statements 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 unknown risks, uncertainties and ot
Slide 3: Caution concerning Insider Trading
Caution concerning g Insider Trading g Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is prohibited from trading i
Slide 4: FY2015 Second Quarter Financial Results
FY2015 Second Quarter Financial Results FY2015 Second Quarter Financial Performance ( (FY2015 First Half) f) FY2015 Financial Forecasts ４
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) FY2015 1H FY2015 2Q 5,000 3,000 4,468 4,477 (+9) 4,000 1,101 1,030 (-71) 2,235 2,235 (±0) Japan N. America 2,000 , 575 524 ((-51) 51) 3,000 Europe 1,298 1,395 (+97) 609 685 (+76) Asia 2,000 , 407 414 (+7) Oth Other 1,000 214 207 (-7) Central and 780
Slide 6: Consolidated Financial Summary (FY2015 First Half)
Consolidated Financial Summaryy ((FY2015 First Half)) (billions of yen) FY2014 1H FY2015 1H Change (’13/4-9) (’14/4-9) Net Revenues 12,537.4 12,945.5 +408.1 408.1 +3.3% 3.3% Operating Income 1,255.4 1,351.9 +96.4 +7.7% Operating margin 10.0% 10.4% - - Income before income taxes and equity in earning
Slide 7: Analysis of Consolidated Operating Income (FY2015 First Half)
Analysis y of Consolidated Operating p g Income ((FY2015 First Half)) (billions of yen) -20.0 +70.0 Effects of Marketing +5.9 1,351.9 Effects of -130.0 Activities *2 +120.0 FOREX +50 5 +50.5 Other *44 1,255.4 Rates *1 Increase in Valuation Expenses, Gains/Losses Cost etc. *33 from Interest Reduction
Slide 8: Consolidated Financial Summary (FY2015 Second Quarter)
Consolidated Financial Summaryy ((FY2015 Second Quarter)) (billions of yen) FY2014 2Q FY2015 2Q (’14/7-9) Change (’13/7-9) Net Revenues 6,282.1 6,554.9 +272.7 272.7 +4.3% 4.3% Operating Income 592.0 659.2 +67.1 +11.3% Operating margin 9.4% 10.1% - - Income before income taxes and equity in earnings
Slide 9: Analysis of Consolidated Operating Income (FY2015 Second Quarter)
Analysis y of Consolidated Operating p g Income ((FY2015 Second Quarter)) (billions of yen) +20.0 +40.0 Marketing -80.0 Efforts *2 +7.4 -0.3 659.2 Effects of +80.0 FOREX IIncrease iin Valuation Oth *4 Other 592.0 Rates *1 Expenses, Gains/Losses etc. *3 from Interest Cost Rate Swaps, Reduction etc. E
Slide 10: Geographic Operating Income: Japan
Geographic g p Operating p g Income：Japan p Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) Declined due to marketing ● related factors and increase FY2015 1H FY2015 2Q in expenses 1,101 575 1 030 1,030 ( 71) (-71) 524 (-51) 830.0 718.7 -111.2 373.9 352.8 -21.1
Slide 11: Geographic Operating Income: North America
Geographic Operating Income：North America Operating Income (billions of yen) Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. ● Consolidated Vehicle Sales (thousands of vehicles) Improved thanks to increased vehicle sales and cost reduction FY2015 1H FY2015 2Q efforts 1,395 (+97) 1 29
Slide 12: Geographic Operating Income: Europe
Geographic g p Operating p g Income：Europe p Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) Improved p due to marketingg FY2015 1H FY2015 2Q and cost reduction efforts 214 407 414 (+7) 207 (-7) 33.2 25.4 22.3 20.1 +7.7 +2 1 +2.1 FY2014 1H FY2015 1H FY2014 2Q
Slide 13: Geographic Operating Income: Asia
Geographic g p Operating p g Income：Asia Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) ● Improved as a result of cost reduction efforts and the impact FY2015 1H FY2015 2Q of foreign exchange rates 780 385 755 (-25) 369 (-16) 195.6 212.9 +17.2 91.4 102.5 +11.0
Slide 14: Geographic Operating Income: Central & South America, Oceania, Africa and The Middle East
Central & South America, Geographic Operating Income : Oceania Africa and The Middle East Oceania, Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) Improved p through g marketingg FY2015 1H FY2015 2Q efforts 882 883 (+1) 452 450 (-2) 77.9 76.1 43.9 +1.8 33.6 +1
Slide 15: Financial Services Operating Income
Financial Services Operating p g Income (billions of yen) FY2015 1H FY2015 2Q 162.5 163.2 84.3 81.1 FY2014 1H FY2015 1H Ch Change FY2014 2Q FY2015 2Q Ch Change Operating Income 133.2 184.5 +51.2 82.0 86.3 +4.2 Valuation Gains/Losses from Interest Rate Swaps, Swaps etc. etc -29 2 -29.2 21 2 21.2 +50
Slide 16: Equity in Earnings of Affiliated Companies
Equity q y in Earnings g of Affiliated Companies p (billions of yen) FY2015 1H FY2015 2Q 200 2,000 100 1,000 158 7 158.7 165.8 ((+7.1)) 150 1,500 68.8 60.5 (-8.2) Japan 101 1 101.1 ( 2 3) (-2.3) 103.5 China 100 1,000 50 500 38.3 32.4 (-5.8) Other 50 500 38.9 49.0 (+10.0) 22.4 21.0 (-1.3) 16.2 15.6 (
Slide 17: Shareholder Return
Shareholder Return Interim Dividend : 75 yen per share (Total Amount of Payout : 237.9 billion yen) Dividend per Share Net Income (yen) Dividend per Share and Net Income (billions of yen) Net Income (Right axis) 200 2,000 20,000 165 150 140 1,500 15,000 120 100 90 75 100 90 100 70 1,000 10,000 35 55
Slide 18: FY2015 Second Quarter Financial Results
FY2015 Second Quarter Financial Results FY2015 Second Quarter Financial Performance ( (FY2015 First Half) f) FY2015 Financial Forecasts 18
Slide 19: FY2015 Forecasts: Consolidated Vehicle Sales
FY2015 Forecasts: Consolidated Vehicle Sales ( thousands of vehicles ) 10,000 , 9 100 9,100 9 050 9,050 ( 50) (-50) 9 116 9,116 Japan 8,000 2,210 2,190 (-20) 2,365 N America N. A i 6,000 Europe 2,710 2,740 , ((+30)) 2,529 Asia 4,000 860 844 Other 870 (+10) Central and South America, America 1,580 1,
Slide 20: FY2015 Forecasts: Consolidated Financial Summary
FY2015 Forecasts: Consolidated Financial Summaryy (billions of yen) Previous Forecasts New Forecasts Change FY2014 Results R l (’14/4-’15/3) (’14/4-’15/3) (’13/4-’14/3) Net Revenues 25,700.0 25 700 0 26,500.0 26 500 0 +800 800.00 25,691.9 25 691 9 Operating Income 2,300.0 2,500.0 +200.0 2,292.1 Oper
Slide 21: Analysis of FY2015 Forecasts: Consolidated Operating Income
Analysis of FY2015 Forecasts: Consolidated Operating Income (vs Previous Forecasts) (vs. (billions of yen) +45 0 +45.0 2 500 0 2,500.0 +50.0 +135.0 -20.0 Other -10.0 Increase in Cost Marketing Volume/ Expenses Reduction Efforts 2,300.0 Efforts Model Mix Effects of Marketing Efforts +35.0 FOREX Rates
Slide 22: FY2015 Consolidated Forecasts: R&D, CAPEX, Depreciation
FY2015 Consolidated Forecasts: R&D, CAPEX, Depreciation (billions of yen) R&D Expenses Capital Expenditures 1,000 10,000 ● Depreciation Expenses 812 3 812.3 810 0 810.0 900 9,000 775.9 732.9 800 8,000 8 000 727 3 727.3 1,030.0 1,000.7 980.0 700 7,000 910.5 852 7 852.7 807.4 779.8 730.3 706.7 600 6,0
Slide 23: FY2015 Second Quarter Financial Results
FY2015 Second Quarter Financial Results C-HR Concept (Paris Motor Show 2014 exhibition car) Toyota Motor Corporation November 5, 2014 23
Slide 24: (Reference) FY2015 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2015 Forecasts: Vehicle Production and Retail Sales ( thousands of vehicles ) Previous Forecasts New Forecasts Change (’14/4-’15/3) ( ’14/4-’15/3) T J Japan 3 200 3,200 3 200 3,200 ±0 o Vehicle 1 y Production* Overseas 5,950 5,800 -150 o t a Total 9,150 9,000 -150 & Japan 1,450 1,450 ±
Slide 25: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino-brand vehicles Consolidated Vehicle D Distributor Total Retail V R rs or Dealeers outsid Toyota- and Lexus-brand vehicles Toyotaa and Lexuss Vehicle Saales Vehiccle Sales Custtomers Salees P5,19 Number of vehicles pr