Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2021 Earnings Presentation
24 slides from Toyota Motor's earnings presentation, May 12, 2021
Slide 1: FY2021 Financial Results
FY2021 Financial Results bZ4X To y o t a M o t o r C o r p o r a t i o n May 12, 2021 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 Financial Performance
FY2021 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
Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,955 Japan 8,000 7,646 85.4％ N. America 2,240 Europe 6,000 2,125 94.9％ Asia 2,713 Other 4,000 2,313 85.2％ Central and 1,029 South America, 959 93.2％ Oceania, 2,000 1,600 Africa, 1,222 76.4％ The Middle East, etc. 1,372 1,027 74.8％ 0 '19.4-’20
Slide 5: Consolidated Financial Summary
Consolidated Financial Summary (billions of yen) FY2021 FY2020 Change '20.4-‘21.3 '19.4-’20.3 Sales Revenues 27,214.5 29,866.5 -2,651.9 Operating Income 2,197.7 2,399.2 -201.4 Margin 8.1％ 8.0% Other Income 734.6 393.7 +340.8 Share of Profit (Loss) of Investments Accounted for Using the Equity Method
Slide 6: Analysis of Consolidated Operating Income
Analysis of Consolidated Operating Income By quarter (billions of yen) ’20.4-6 ： -725.0 (billions of yen) +10.0 ’20.7-9 ： -80.0 Excluding the overall impact of foreign exchange ’20.10-12 ：+375.0 rates and swap valuation gains/losses, etc. ’21.1-3 ：+440.0 2,399.2 -255.0 +150.0 -210.0 +70.0 +43.6 2,19
Slide 7: Geographic Operating Income
Geographic Operating Income 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 2,713 2,313（85.2%） 2,240 2,125（94.9%） 1,600 1,222（76.4%） 1,372 1,029 959（9
Slide 8: China Business / Financial Services
China Business / Financial Services (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 from Interest Rate
Slide 9: Shareholder Return
TOYOTA Shareholder Return
Slide 10: Shareholder Return: Dividends (Common Shares)
’17.3 – ’19.3：US GAAP Shareholder Return : Dividends (Common Shares) ’20.3 – ’21.3：IFRS We will continue to aim to pay stable and sustainable dividends while maintaining and improving upon our consolidated dividend payout ratio benchmark of 30%. Year-end Dividend (yen) 250 220 220 220 240 Interim Di
Slide 11: Shareholder Return: Share Repurchases
’17.3 – ’19.3：US GAAP Shareholder Return : Share Repurchases ’20.3 – ’21.3：IFRS We will continue to implement share repurchases in a flexible manner, taking into account various factors including investment in growth, dividend levels, liquidity, share price levels, and other factors. (billions of ye
Slide 12: Stock Split (Common Shares)
Stock Split (Common Shares) Outline Split Ratio：Each share will be divided into 5 shares Record Date：September 30, 2021 Effective Date：October 1, 2021 Purpose To reduce the minimum investment price, thereby creating an environment where it is easier to invest in Toyota’s shares. 12
Slide 13: FY2022 Financial Forecasts
FY2022 Financial Forecasts 13
Slide 14: FY2022 Forecasts: Consolidated Vehicle Sales
FY2022 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) Japan 10,000 8,700 113.8% 8,000 7,646 N. America 2,170 102.1% Europe 6,000 2,125 Asia 2,720 117.6% Other 4,000 2,313 Central and 1,100 114.7% South America, 959 Oceania, 2,000 1,222 1,360 111.3% Africa, The Middle East, etc. 1,027
Slide 15: FY2022 Forecasts: Consolidated Financial Summary
FY2022 Forecasts: Consolidated Financial Summary （billions of yen） FY2022 Forecasts FY2021 Results Change '21.4-‘22.3 ‘20.4-’21.3 Sales Revenues 30,000.0 27,214.5 +2,785.5 Operating Income 2,500.0 2,197.7 +302.3 Margin 8.3％ 8.1％ Other Income 610.0 734.6 -124.6 Share of Profit (Loss) of Investments A
Slide 16: Analysis of FY2022 Forecasts: Consolidated Operating Income
Analysis of FY2022 Forecasts: Consolidated Operating Income （billions of yen） +365.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +850.0 -350.0 -77.7 2,500.0 2,197.7 +15.0 -135.0 Increase or Decrease in Other *4 Expenses and Expense Effects of Reductio
Slide 17: (Reference) Consolidated Vehicle Sales (FY2021 4Q)
(Reference) Consolidated Vehicle Sales (FY2021 4Q) （thousands of vehicles） 2,500 2,097 2,208 105.3％ Japan 2,000 N. America 583 612 105.0％ Europe 1,500 Asia 600 630 105.0％ Other 1,000 Central and 252 280 111.2％ South America, Oceania, 500 345 374 108.2％ Africa, The Middle East, etc. 317 312 98.6％ 0 F
Slide 18: (Reference) Consolidated Financial Summary (FY2021 4Q)
(Reference) Consolidated Financial Summary (FY2021 4Q) （billions of yen） FY2021 4Q FY2020 4Q Change ’21.1-3 ’20.1-3 Sales Revenues 7,689.3 6,899.3 +789.9 Operating Income 689.8 359.9 +329.9 Margin 9.0％ 5.2% Other Income 372.5 39.2 +333.2 149.5 ＊1 Share of Profit (Loss) of Investments Accounted for U
Slide 19: (Reference) Analysis of Consolidated Operating Income (FY2021 4Q)
(Reference) Analysis of Consolidated Operating Income (FY2021 4Q) （billions of yen） +440.0 Excluding the overall impact of foreign exchange -30.1 rates and swap valuation gains/losses, etc. 689.8 -15.0 Other *4 Increase or Decrease in Expenses and Expense Reduction Efforts *3 359.9 -80.0 +50.0 +405.
Slide 20: (Reference) Geographic Operating Income (FY2021 4Q)
(Reference) Geographic Operating Income (FY2021 4Q) 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 600 630（105.0%） 583 612（105.0%） 345 374（108.2%） 31
Slide 21: (Reference) China Business / Financial Services (FY2021 4Q)
(Reference) China Business / Financial Services (FY2021 4Q) (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 22: (Reference) Transition of Financial Performance
’18.3 – ’19.3：US GAAP (Reference) Transition of Financial Performance ’20.3 – ’22.3：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 23: (Reference) FY2022 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2022 Forecasts: Vehicle Production and Retail Sales （thousands of vehicles） FY2022 Forecasts FY2021 Results Change '21.4 - '22.3 '20.4 – '21.3 Japan 3,200 2,919 +281 Vehicle 生産 Production Overseas 6,100 5,264 +836 Toyota & Lexus *1 Total 9,300 8,183 +1,117 Retail Japan 1,540 1,538 +2 生
Slide 24: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales P4,7,14,17, P4,14,17, Daihatsu- and Hino- brand vehicles 20,22 23(in bottom part) Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales Customers P4,8,14, 17,21,23 Toyota and Lexus Vehicle