Mazda Motor Corp. · TSE:7261
Mazda Motor — Q3 FY2006 Earnings Presentation
36 slides from Mazda Motor's earnings presentation, Feb 8, 2007
Slide 1: Mazda Motor Corporation FY2006 Third Quarter Results and Full Year Projections
MAZDA MOTOR CORPORATION FY2006 THIRD QUARTER RESULTS AND FULL YEAR PROJECTIONS February 8, 2007 1 FY2006 Third Quarter Results & Full Year Projections
Slide 2: Presentation Outline
PRESENTATION OUTLINE FY2006 Nine Months Results FY2006 Full Year Projections Close 2 FY2006 Third Quarter Results & Full Year Projections
Slide 3: FY2006 Nine Months Results
FY2006 NINE MONTHS RESULTS 3 FY2006 Third Quarter Results & Full Year Projections
Slide 4: FY2006 Nine Months Highlights
FY2006 NINE MONTHS HIGHLIGHTS Operating Profit up 28% to ¥107.3 Billion Revenues up 9% Introduced CX-7 in Japan and Australia, Following North America Net Income, at ¥42.1 Billion, up 26% excluding Impact of Gain from Pension Fund Return and Asset- Impairment Losses in the Prior Year 4 FY2006 Third
Slide 5: FY2006 Nine Months Financial Metrics
FY2006 NINE MONTHS FINANCIAL METRICS (Billion yen) Nine Months Change FY2006 FY2005 Amount Pct. Revenue 2,289.6 2,093.4 196.2 9 % Operating Profit 107.3 83.7 23.6 28 % Ordinary Profit 83.9 68.0 15.9 23 % Profit Before Tax 76.7 86.9 (10.2) (12) % Net Income 42.1 41.3 0.8 2 % Memo: Net Income* 42.1 33
Slide 6: Key Assumptions
KEY ASSUMPTIONS Nine Months FY2006 FY2005 Change WHOLESALES (000) Consolidated 829 834 (1) % EXCHANGE RATES Yen / U.S. Dollar 116 112 ¥ 4 Yen / Euro 148 137 ¥ 11 6 FY2006 Third Quarter Results & Full Year Projections
Slide 7: Revenue Changes by Destination
REVENUE CHANGES BY DESTINATION FY2006 Nine Months Compared with FY2005 Nine Months Vol. & Mix 5 % 12% Exchange 4 % 10% 9% 5% 2% 0% (Billion yen) Total Domestic Overseas FY06 2,289.6 645.3 1,644.3 FY05 2,093.4 630.2 1,463.2 7 FY2006 Third Quarter Results & Full Year Projections
Slide 8: Japan
JAPAN Nine Months FY2006 FY2005 Change Retail Volume (000) 182 199 (8) % Market Share 4.6 % 4.9 % (0.3) Pts Lower Passenger Vehicle Demand 8 FY2006 Third Quarter Results & Full Year Projections
Slide 9: United States
UNITED STATES Nine Months FY2006 FY2005 Change Retail Volume (000) 202 194 4 % Market Share 1.6 % 1.5 % 0.1 Pts Contributions of CX-7, Mazda5 & MX-5 9 FY2006 Third Quarter Results & Full Year Projections
Slide 10: Europe
EUROPE Nine Months FY2006 FY2005 Change Retail Volume (000) 219 197 11 % Market Share 1.6 % 1.5 % 0.1 Pts Retail Volume Up 11% YOY 10 FY2006 Third Quarter Results & Full Year Projections
Slide 11: China
CHINA Nine Months FY2006 FY2005 Change Retail Volume (000) 98 102 (4) % Market Share 1.8 % 2.3 % (0.5) Pts Fiercer Competitions 11 FY2006 Third Quarter Results & Full Year Projections
Slide 12: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Nine Months Compared with FY2005 Nine Months Billion yen [Factors for Increase] - Better volume and mix, and lower incentive 30 29.8 with CX-7 in North America. 23.6 - Better volume and mix globally with Premacy and Roadster 20 16.2 [Factors for Decrease] - Lower Sale
Slide 13: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Nine Months Compared with FY2005 Nine Months Billion yen US Dollar 6.9 30 29.8 Euro 13.1 23.6 Other 9.8 20 16.2 8.7 10 2.1 0 FY06 107.3 (10) FY05 83.7 (18.8) (14.4) (20) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 13 FY2006 Third Quarter
Slide 14: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Nine Months Compared with FY2005 Nine Months Billion yen Product Upgrade (9.6) 30 29.8 Regulations (4.8) 23.6 Cost Reductions 20 16.2 Net of Raw Material Price Increases 8.7 10 2.1 0 FY06 107.3 (10) FY05 83.7 (18.8) (14.4) (20) Total Vol & Mix Exch. Product Net CR Mkt
Slide 15: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Nine Months Compared with FY2005 Nine Months Billion yen Higher Quality-related 30 29.8 Cost and R&D cost. 23.6 20 16.2 8.7 10 2.1 0 FY06 107.3 (10) FY05 83.7 (18.8) (14.4) (20) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 15 FY2006 Third
Slide 16: FY2006 Full Year Projections
FY2006 FULL YEAR PROJECTIONS 16 FY2006 Third Quarter Results & Full Year Projections
Slide 17: Full Year Outlook
FULL YEAR OUTLOOK Operating Profit Up 28% to ¥158 Billion Continue Product-led Growth with CX-7 and CX-9 Substantial Improvements in Volume and Mix Continue Progress and Foundation Building under Mazda Momentum 17 FY2006 Third Quarter Results & Full Year Projections
Slide 18: Full Year Financial Metrics
FULL YEAR FINANCIAL METRICS (Billion yen) Full-year Change FY2006 FY2005 Amount Pct. Revenue 3,200.0 2,919.8 280.2 10 % Operating Profit 158.0 123.4 34.6 28 % Ordinary Profit 130.0 101.5 28.5 28 % Profit Before Tax 120.0 117.5 2.5 2 % Net Income 73.0 66.7 6.3 9 % Memo: Net Income* 73.0 58.4 14.6 25
Slide 19: Key Assumptions
KEY ASSUMPTIONS Full Year FY2006 FY2005 Change WHOLES SALES (000) Consolidated 1,170 1,149 2 % EXCHANGE RATES Yen / U.S. Dollar 116 113 ¥ 3 Yen / Euro 148 138 ¥ 10 19 FY2006 Third Quarter Results & Full Year Projections
Slide 20: Revenue Changes by Destination
REVENUE CHANGES BY DESTINATION FY2006 Compared with FY2005 14% 14% Vol. & Mix 6 % 12% 10% Exchange 4 % 10% 8% 6% 4% 2% 0% 0% (Billion yen) Total Domestic Overseas FY06 3,200.0 890.0 2,310.0 FY05 2,919.8 887.7 2,032.1 20 FY2006 Third Quarter Results & Full Year Projections
Slide 21: Japan
JAPAN Full Year FY2006 FY2005 Change Retail Sales Volume (000) 262 287 (9) % Market Share 4.6 % 4.9 % (0.3) Pts Brand Reinforcement with CX-7 21 FY2006 Third Quarter Results & Full Year Projections
Slide 22: United States
UNITED STATES Full Year FY2006 FY2005 Change Retail Sales Volume (000) 285 262 9 % Market Share 1.7 % 1.5 % 0.2 Pts Introduction of CX-9 and Tribute 22 FY2006 Third Quarter Results & Full Year Projections
Slide 23: Europe
EUROPE Full Year FY2006 FY2005 Change Retail Sales Volume (000) 305 282 8 % Market Share 1.6 % 1.5 % 0.1 Pts Momentum Continues 23 FY2006 Third Quarter Results & Full Year Projections
Slide 24: China
CHINA Full Year FY2006 FY2005 Change Retail Sales Volume (000) 135 130 4 % Market Share 1.8 % 2.1 % (0.3) Pts Higher Sales with Mazda3 24 FY2006 Third Quarter Results & Full Year Projections
Slide 25: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen [Factors for Increase] 40 34.6 36.1 - Better mix and lower incentive with CX-7 and 30.7 CX-9. 30 [Factors for Decrease] - Lower Registration Vehicle Demand in Japan 20 11.0 10 0 FY06 158.0 (1.2) (10) FY05 123.4 (20) (18.7) (30) (23.3)
Slide 26: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen US Dollar 8.0 40 34.6 36.1 Euro 15.8 30.7 Other 12.3 30 20 11.0 10 0 FY06 158.0 (1.2) (10) FY05 123.4 (20) (18.7) (30) (23.3) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 26 FY2006 Third Quarter Results & F
Slide 27: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen Product Upgrade (12.5) 40 34.6 36.1 Regulations (6.2) 30.7 CRs Net of Raw 30 Material Price Increases including 20 Aluminum, Steel and 11.0 Precious metals 10 0 (1.2) (10) FY06 158.0 FY05 123.4 (20) (18.7) (30) (23.3) Total Vol & Mix E
Slide 28: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen 40 34.6 36.1 Higher R&D costs, 30.7 Depreciation and 30 Quality-related Cost 20 11.0 10 0 FY06 158.0 (1.2) (10) FY05 123.4 (20) (18.7) (30) (23.3) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 28 FY2006 Thir
Slide 29: Close
CLOSE 29 FY2006 Third Quarter Results & Full Year Projections
Slide 30: Close
CLOSE Operating Profit For the Nine Months up 28% to ¥107.3 Billion Full-year Operating Profit Revised Up 28% to ¥158 Billion Six Straight Years of Improved Sales and Profit and Record-High Profits at All Levels Next Mid-Term Plan Announcement In March 30 FY2006 Third Quarter Results & Full Year Pro
Slide 31: 31 FY2006 Third Quarter Results & Full Year Projections
31 FY2006 Third Quarter Results & Full Year Projections
Slide 32: Appendix
APPENDIX 32 FY2006 Third Quarter Results & Full Year Projections
Slide 33: FY2006 Third Quarter Financial Metrics
FY2006 THIRD QUARTER FINANCIAL METRICS (Billion yen) 3rd Quarter Change FY2006 FY2005 Amount Pct. Revenue 768.2 741.5 26.7 4% Operating Profit 37.5 34.9 2.6 7% Ordinary Profit 27.3 24.6 2.7 11 % Profit Before Tax 24.3 23.7 0.6 3% Net Income 14.9 10.2 4.7 46 % Operating ROS 4.9% 4.7% 0.2 Pts - EPS (Y
Slide 34: Key Assumptions
KEY ASSUMPTIONS 3rd Quarter FY2006 FY2005 Change WHOLESALES (000) Consolidated 269 277 (3) % EXCHANGE RATES Yen / U.S. Dollar 118 117 ¥ 1 Yen / Euro 152 139 ¥ 13 34 FY2006 Third Quarter Results & Full Year Projections
Slide 35: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 3rd Quarter Compared with FY2005 Third Quarter Billion yen 10 8 7.1 6 4 3.4 2.6 2.6 2 1.3 0 (2) FY06 37.5 (4) FY05 34.9 (6) (5.1) (8) (6.7) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 35 FY2006 Third Quarter Results & Full Year Projection
Slide 36: Disclaimer
DISCLAIMER The projections for FY2006 and future strategies shown in this presentation are based on various uncertainties including without limitation the conditions of the world economy in the future, the trend of the automotive industry and the risk of exchange-rate fluctuations. So, please be awa