Toyota Motor Corp. · TSE:7203
Toyota Motor — Q1 FY2021 Earnings Presentation
14 slides from Toyota Motor's earnings presentation, August 2020
Slide 1: Condolences and gratitude regarding COVID-19
First and foremost, we would like to convey our deepest condolences to those who have lost loved ones to COVID-19 and wish all those who have been affected by the virus a speedy recovery. We also wish to extend our sincere gratitude to the healthcare professionals and officials who are on the front
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements ap YOTA 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 a
Slide 3: Adoption of IFRS
Please note that we have adopted IFRS beginning from the first quarter of the fiscal year ending March 2021. Therefore, the consolidated financial results and forecasts in this presentation are calculated in accordance with IFRS. 3
Slide 4: Consolidated vehicle sales for first quarter ended June 2020
Consolidated vehicle sales for the first quarter ended June 2020 was at 1 million 158 thousand units, which was 50% of such sales for the first quarter of the previous fiscal year. This was a result of decreased sales in all regions due to the spread of COVID-19. Toyota and Lexus vehicle sales was a
Slide 5: Consolidated financial results for the first quarter
Consolidated financial results for the first quarter of this fiscal year were: Sales revenues of 4 trillion 600.7 billion yen, Operating income of 13.9 billion yen, Pre-tax income of 118.2 billion yen and Net income of 158.8 billion yen. We succeeded in securing operating income despite a drastic de
Slide 6: Factors impacting operating income year on year
Regarding the factors that impacted operating income year on year: First, the effects of foreign exchange rates decreased operating income by 75 billion yen. Second, cost reduction efforts increased operating income by 10 billion yen. Third, the effects of marketing activities decreased operating in
Slide 7: Operating income by region
As for operating income for each region, operating income decreased year on year in all regions largely due to the decrease in sales volume caused by the spread of COVID-19. 7
Slide 8: China business and Financial Services operating income
As for our China business, operating income of consolidated subsidiaries increased by 20.2 billion yen year on year to 55.8 billion yen thanks largely to marketing efforts. Our share of profit of investments accounted for using the equity method was up 9.5 billion yen year on year to 41.2 billion ye
Slide 9: FY2021 Financial Forecasts
TOYOTA FY2021 First Quarter Financial Performance FY2021 Financial Forecasts |
Slide 10: Outlook for full fiscal year ending March 2021: vehicle sales
Now, let us move on to discuss the outlook for the full fiscal year ending March 2021. With regard to our consolidated vehicle sales, we have increased our forecast compared to our assumption as of May by 200 thousand units to 7.2 million units. Regional sales breakdown is as stated in the presentat
Slide 11: Full-year consolidated financial forecasts
Regarding the full-year consolidated financial performance, we have left unchanged our forecasts of sales revenues and operating income that were announced in May 2020. While we expect an increase in consolidated vehicle sales, we have left those forecasts unchanged given, for example, the possibili
Slide 12: (Reference) Transition of Financial Performance
(Reference) a erEeTEe TOYOTA 17/3-'19/3: US GAAP Transition of Financial Performance = | 203-21/3:FRs erect Net Income Attributable to Consolidated Vehicle Sales Sales Revenues Operating Income Tojata Motor Corporation (thousands of vehicies) (eiions of yen) | | *- CPesHe Mapes) (Oiions of yen) | |e
Slide 13: (Reference) FY2021 Forecasts: Vehicle Production and Retail Sales
[ (Reference) TOYOTA FY2021 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) Assumption as of May 2020 FY2020 Results (20/4-'21/3) Change (19/4-20/3) i ° 7 S 3,304 Vehicle |———_-- Y” | Production : 5,437 t “f _ - 8,741 & L | Retail 5 1,587 ~ Vehicle - 7879 x Sales : 2 +300 9,46
Slide 14: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales TOYOTA Daihatsu- and Hino- brand vehicles ia DAIHATSU cy HINO Toyota- and Lexus- brand vehicles @® TOYOTA Sa|Eg 8/9149 PayepI|osuoD Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries