Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — FY2019 Q3 Earnings Presentation
10 slides from Nissan Motor's earnings presentation, Feb 13, 2020
Slide 1: FY19 3Q Results, Revision of FY19 Outlook, Business Transformation Update
Nissan Motor Co., Ltd. February 13th, 2020 FY19 3Q RESULTS REVISION OF FY19 OUTLOOK BUSINESS TRANSFORMATION UPDATE www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2
Slide 2: Global sales and key markets
GLOBAL TIV *1 RETAIL VOLUME vs. FY18 M/S*2 5.9% 68.74 4,023 M/S*2 5.7% vs. FY18 3.73 65.30 GLOBAL -5.0% 3.67 JAPAN -1.7% 410 3,697 GLOBAL -8.1% 381 JAPAN -6.9% 19.36 17.28 CHINA -10.7% 1,096 1,091 CHINA -0.4% 15.81 NORTH -1.7% 15.53 (13.16) (13.04) AMERICA (U.S.) (-0.9%) 1,427 (1,078) NORTH -10.2% 1
Slide 3: FY19 3Q YTD financial results
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) (BILLION YEN ) NET OPERATING NET FREE NET CASH REVENUE PROFIT INCOME *1 CASH FLOW (AUTO) (AUTO) 8,578.4 7,507.3 1,334.4 313.7 316.7 847.5 *2 54.3 39.3 -105.9 -670.9 FY18 FY19 FY18 FY19 FY18 FY19 FY18 FY19 3Q YTD 3Q YTD 3Q YTD 3Q YTD 3Q YTD 3Q YTD 3Q 3Q FY18
Slide 4: Operating profit variance analysis
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN) OPM: 3.7% 313.7 -134.9 SALES PERFORMANCE: -127.6 -180.9 FOREX: -50.3 +77.2 -37.0 REGULATION/ OPM: PRODUCT -37.1 0.7% ENRICHMENT: -58.1 +53.3 54.3 RAW MATERIAL/ TARIFF: -26.5 FY18 FOREX/ VOLUME/ SELLING PURCHA
Slide 5: Revision of FY19 outlook
M/S*3 6.0% RETAIL VOLUME vs PREVIOUS M/S*3 5.9% 5,516 M/S*3 5.8% vs. FY18 OUTLOOK*1 5,240 596 5,050 GLOBAL -8.4% -3.6% 580 555 JAPAN -6.9% -4.3% 1,564 1,560 1,547 CHINA -1.1% -0.8% 1,897 1,710 NORTH -12.8% -3.2% (1,444) 1,655 (1,310) (1,260) AMERICA (US) (-12.7%) (-3.8%) (THOUSAND UNITS) 643 570 -13
Slide 6: Outlook operating profit variance and FY19 dividend
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN) +20.0 -86.0 150.0 +1.0 85.0 FY19 FOREX SALES MONOZUKURI/ FY19 PERFORMANCE OTHER REVISED PREVIOUS OUTLOOK OUTLOOK O.P. *1 O.P. *2 *1: PREVIOUS OUTLOOK ON NOVEMBER 12, 2019 *2: REVISED OUTLOOK DOES NOT INCLUDE
Slide 7: Recovery plan key pillars
FY19 3Q RESULTS REVISION OF FY19 OUTLOOK BUSINESS TRANSFORMATION UPDATE www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 13 RECOVERY PLAN KEY PILLARS 1. US BUSINESS RECOVERY 2. OPERATIONAL AND INVESTMENT EFFICIENCY IMPROVEMENT 3. STEADY GROWTH THROUGH NEW PRODUCTS, ADVAN
Slide 8: Nissan brand KPI trend and capacity rationalization
NISSAN BRAND KPI TREND NET REVENUE PER UNIT (AFTER DEDUCTING RETAIL INCENTIVE PER UNIT DECREASING INCENTIVES) IMPROVING FY18 FY19 FY18 FY19 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q DEALER INVENTORY DECREASED BY -30K UNITS FLEET RATIO IS BELOW PREVIOUS YEAR’S LEVEL (-12%) VS FY18 3Q -30K AND IS UNDER CONTROL units (T
Slide 9: To achieve steady growth
New Technologies New Products New Businesses Nissan Xmotion Concept Skyline Nissan Ariya Concept www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 17 TO ACHIEVE STEADY GROWTH • Further optimization of operational and investment efficiency • Sustain investments in new tech
Slide 10: Forward-looking statements
This presentation contains forward-looking statements, based on judgments and estimates that have been made on the basis of currently available information. By nature, such statements are subject to uncertainty and risk. Therefore, you are advised that the final results might be significantly differ