Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — FY2015 Earnings Presentation
21 slides from Nissan Motor's earnings presentation, May 12, 2016
Slide 1: Fiscal Year 2015 Financial Results
Fiscal Year 2015 Financial Results Nissan Motor Co., Ltd May 12, 2016 FY15 results Path to Nissan Power 88 FY16 outlook (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 2
Slide 2: Key performance indicators: financial results
Key performance indicators: financial results (TSE report basis - China JV Equity basis) (billion yen) Operating Free cash flow Net cash Net revenue Net income* profit (Auto) (Auto) 1,502.9 1,390.1 12,189.5 11,375.2 793.3 589.6 523.8 481.2 457.6 365.8 FY14 FY15 * Net income attributable to owners of
Slide 3: FY15 sales performance: Japan and China
FY15 sales performance: Japan ■ TIV: 4.94 million units, -6.8% Retail volume (thousand units) ■ Sales: 573 k units, -8.1% -8.1% 623 ■ Market share: 11.6%, -0.2 points 573 ■ X-Trail: 62.5 k units FY14 FY15 Market share -0.2 points X-Trail Nissan LEAF (%) 11.8 11.6 FY14 FY15 (C) Copyright NISSAN MOTOR
Slide 4: FY15 sales performance: North America and Europe
FY15 sales performance: North America ■ US US Retail volume • TIV: 17.60 million units, +5.2% +8.4% (thousand units) • Sales: 1,517 k units, +8.4% 1,517 • Market share: 8.6%, +0.2 points 1,400 ■ Canada • Sales: 134 k units, +13.3% • Market share: 6.9%, +0.6 points FY14 FY15 ■ Mexico US Market share
Slide 5: FY15 sales performance: Other markets and Infiniti
FY15 sales performance: Other markets ■ Estimated TIV: 19.19 million units, -4.8 % ■ Sales: 835 k units, -5.9% * Asia & Oceania: 357 k units, -1.7% M/S * Latin America: 171 k units, -6.7% M/S Retail volume Middle East: 208 k units, -12.4% M/S * * (thousand units) -5.9% Africa: 99 k units, -4.1% M/S
Slide 6: FY15 financial performance
FY15 financial performance (TSE report basis - China JV Equity basis) Change (billion yen) FY14 FY15 Variance vs. FY14 (%) Net revenue 11,375.2 12,189.5 +814.3 +7.2% Operating profit 589.6 793.3 +203.7 +34.6% OP margin 5.2% 6.5% Non-operating 104.6 69.0 Ordinary profit 694.2 862.3 +168.1 +24.2% Extr
Slide 7: Net Cash (Auto business)
Net Cash (Auto business) (TSE report basis - China JV Equity basis) (billion yen) 1,600 1,502.9 1,390.1 1,400 1,200 1,015.9 1,000 800 600 400 200 0 2014 2015 2016 Mar. Mar. Mar. FX: JPY/USD End of month 102.9 120.2 112.7 (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved.
Slide 8: FY15 financial performance (management pro forma basis)
FY15 financial performance (management pro forma basis*1 ) Change (billion yen) FY14 FY15 Variance vs. FY14 (%) Net revenue 12,406.3 13,365.6 +959.3 +7.7% Operating profit 718.6 935.5 +216.9 +30.2% OP margin 5.8% 7.0% +1.2% *2 Net income 457.6 523.8 +66.2 +14.5% 109.8 JPY/USD 120.2 JPY/USD +10.4 JPY
Slide 9: Nissan Power progress
Path to Nissan Power 88 Nissan Power 88 progress (thousand units) (billion yen) (billion yen) (billion yen) (billion yen) Operating Free cash flow * Net cash * Sales volume Total assets * profit * (Auto) (Auto) Cumulative 1.7 tri. JPY +29.6% (exceeded NP88 +74.0% +67.9% objective 1.5 tri. JPY) 5,423
Slide 10: Product offensive continues: Japan and China
Path to Nissan Power 88 Product offensive continues: Japan (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 19 Path to Nissan Power 88 Product offensive continues: China Launched in 2015 Launched in 2016 (Mar.) All-new Lannia New Sylphy Coming in 2016 Coming in 2016 Al
Slide 11: Product offensive continues: US and Europe
Path to Nissan Power 88 Product offensive continues: US Launched in 2015 New Sentra All-new Titan New Altima All-new Maxima (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 21 Path to Nissan Power 88 Product offensive continues: Europe Launched in 2015 Q30 (C) Copyrigh
Slide 12: Product offensive continues: Kicks and Infiniti
Path to Nissan Power 88 Product offensive continues: Kicks Coming in 2016 Kicks (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 23 Path to Nissan Power 88 Product offensive continues: Infiniti Coming in 2016 Q60 (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.c
Slide 13: Product offensive continues: Infiniti and Datsun
Path to Nissan Power 88 Product offensive continues: Infiniti Coming in 2016 QX30 (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 25 Path to Nissan Power 88 Product offensive continues: Datsun Coming in 2016 redi-GO (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-glob
Slide 14: Cost efficiencies and revenue optimization
Path to Nissan Power 88 Cost efficiencies ■ Common Module Family (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 27 Path to Nissan Power 88 Revenue optimization Vehicle sales Sales finance Aftersales (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All right
Slide 15: Brand
Path to Nissan Power 88 Brand (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 29 Path to Nissan Power 88 Brand ■ Sports sponsorship (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 30
Slide 16: Intelligent mobility vision
Path to Nissan Power 88 Intelligent mobility vision Intelligent Mobility Autonomous Drive Electric Vehicle Connected Car (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 31 Path to Nissan Power 88 Intelligent mobility vision ■ Autonomous drive roadmap 2016 2018 2020
Slide 17: Alliance and strategic cooperation
Path to Nissan Power 88 Alliance and strategic cooperation (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 33 Path to Nissan Power 88 Alliance and strategic cooperation (€ billion) 5.5 Synergies 4.1 3.8 2.7 2.9 1.7 2011 2012 2013 2014 2015 2018 (Visibility) (Target) (
Slide 18: FY16 sales outlook
FY15 results Path to Nissan Power 88 FY16 outlook (C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 35 FY16 sales outlook TIV *1 Retail volume *2 vs. FY15 *2 **M/S 6.3% vs. FY15 **M/S 6.2% 89.4 Global +2.6% 5,423 5,600 Global +3.3% 87.2 4.9 5.0 Japan +1.9% 580 Japan +1.
Slide 19: FY16 outlook (TSE report basis)
FY16 outlook (TSE report basis - China JV Equity basis) FY15 FY16 Change (billion yen) Variance actual outlook vs. FY15 (%) Net revenue 12,189.5 11,800.0 -389.5 -3.2% Operating profit 793.3 710.0 -83.3 -10.5% OP margin 6.5% 6.0% -0.5% Ordinary profit 862.3 800.0 -62.3 -7.2% Net income * 523.8 525.0
Slide 20: FY16 shareholder return outlook
FY16 outlook (management pro forma basis ) *1 FY15 FY16 Change (billion yen) Variance actual outlook vs. FY15 (%) Net revenue 13,365.6 13,000.0 -365.6 -2.7% Operating profit 935.5 860.0 -75.5 -8.1% *2 Net income 523.8 525.0 +1.2 +0.2% *1: Based on continuation of proportionate consolidation of China
Slide 21: www.nissan-global.com (C) Copyright NISSAN MOTOR CO., LTD. All rights reserved.
(C) Copyright NISSAN MOTOR CO., LTD. www.nissan-global.com All rights reserved. 41