Mazda Motor Corp. · TSE:7261
Mazda Motor — Q3 FY2005 Earnings Presentation
36 slides from Mazda Motor's earnings presentation, Feb 10, 2006
Slide 1: Mazda Motor Corporation FY2005 Third Quarter Results and Full Year Projections
MAZDA MOTOR CORPORATION FY2005 THIRD QUARTER RESULTS AND FULL YEAR PROJECTIONS February 10, 2006 1 FY2005 Third Quarter Results & Full Year Projections
Slide 2: Outline
OUTLINE FY2005 Nine Months Results FY2005 Full Year Projections Close 2 FY2005 Third Quarter Results & Full Year Projections
Slide 3: FY2005 Nine Months Results
FY2005 NINE MONTHS RESULTS 3 FY2005 Third Quarter Results & Full Year Projections
Slide 4: FY2005 Nine Months Highlights
FY2005 NINE MONTHS HIGHLIGHTS Operating Profit up 31% to ¥83.7 Billion Wholesales up 3% New Roadster/MX-5 Named Car Of The Year in Japan and Australia Net Income up 58% to ¥41.3 Billion 4 FY2005 Third Quarter Results & Full Year Projections
Slide 5: FY2005 Nine Months Financial Metrics
FY2005 NINE MONTHS FINANCIAL METRICS (Billion yen) Nine Months Change FY2005 FY2004 Amount Pct. Operating Profit 83.7 64.1 19.6 31 % Ordinary Profit 68.0 54.9 13.1 24 % Profit Before Tax 86.9 50.3 36.6 73 % Net Income 41.3 26.1 15.2 58 % Operating ROS 4.0% 3.2% 0.8 Pts - EPS (Yen/Share) 32.5 21.4 11
Slide 6: Key Assumptions
KEY ASSUMPTIONS Nine Months FY2005 FY2004 Change WHOLESALES (000) Consolidated 834 810 3 % REVENUE (¥Bils) 2,093.4 2,006.2 4 % EXCHANGE RATES Yen / U.S. Dollar 112 109 ¥ 3 Yen / Euro 137 135 ¥ 2 6 FY2005 Third Quarter Results & Full Year Projections
Slide 7: Revenue Changes by Destination
REVENUE CHANGES BY DESTINATION FY2005 9 Months Compared with FY2004 9 Months 6% Vol. & Mix 2 % 5% Exchange 2 % 5% 4% 4% 3% 3% 2% 1% 0% (Billion yen) Total Domestic Overseas FY05 2,093.4 630.2 1,463.2 FY04 2,006.2 612.1 1,394.1 7 FY2005 Third Quarter Results & Full Year Projections
Slide 8: Japan
JAPAN Nine Months FY2005 FY2004 Change Retail Volume (000) 199 196 2 % Market Share 4.9 % 4.8 % 0.1 Pts New Premacy and New Roadster 8 FY2005 Third Quarter Results & Full Year Projections
Slide 9: United States
UNITED STATES Nine Months FY2005 FY2004 Change Retail Volume (000) 194 200 (3) % Market Share 1.5 % 1.6 % (0.1) Pts Lower Light Truck Sales 9 FY2005 Third Quarter Results & Full Year Projections
Slide 10: Europe
EUROPE Nine Months FY2005 FY2004 Change Retail Volume (000) 197 201 (2) % Market Share 1.5 % 1.5 % 0.0 Pts Regaining Sales Momentum in Second Half 10 FY2005 Third Quarter Results & Full Year Projections
Slide 11: China
CHINA Nine Months FY2005 FY2004 Change Retail Volume (000) 102 64 59 % Market Share 2.2 % 1.6 % 0.6 Pts Record Sales Achieved 11 FY2005 Third Quarter Results & Full Year Projections
Slide 12: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Nine Months Compared with FY2004 Nine Months Billion Yen Wholesales Wholesales 30 up up 3% 3% with with 25.0 19.6 New New Products Products 20 12.6 9.5 10 0 (4.0) (2.4) (10) FY05 83.7 (20) FY04 64.1 (21.1) (30) Total Vol & Mix Exch. Product CR Mktg. Other Oper. Enhanc
Slide 13: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Nine Months Compared with FY2004 Nine Months Billion Yen US$ US$ 3.8 3.8 30 25.0 Euro Euro 2.8 2.8 19.6 Other Other 2.9 2.9 20 12.6 9.5 10 0 (4.0) (2.4) (10) FY05 83.7 (20) FY04 64.1 (21.1) (30) Total Vol & Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 13
Slide 14: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Nine Months Compared with FY2004 Nine Months Billion Yen Cost Cost Product Product Reductions Reductions 30 25.0 Upgrades Upgrades incl. incl. Net Net of of Raw Raw 19.6 New New Features. Features. 20 Material Material Price Price 12.6 Increases Increases 9.5 10 0 (4.
Slide 15: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Nine Months Compared with FY2004 Nine Months Billion Yen 30 25.0 Higher Higher R&D R&D 19.6 and and 20 Depreciation Depreciation 12.6 9.5 10 0 (4.0) (2.4) (10) FY05 83.7 (20) FY04 64.1 (21.1) (30) Total Vol & Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 1
Slide 16: FY2005 Full Year Projections
FY2005 FULL YEAR PROJECTIONS 16 FY2005 Third Quarter Results & Full Year Projections
Slide 17: FY2005 Full Year Outlook
FY2005 FULL YEAR OUTLOOK Operating Profit Projection Raised to ¥118 Billion, up 42% on Prior Year Wholesales up 4% Launch of New MPV in Japan Net Income up 31% 17 FY2005 Third Quarter Results & Full Year Projections
Slide 18: Full Year Financial Metrics
FULL YEAR FINANCIAL METRICS (Billion yen) Full Year Change FY2005 FY2004 Amount Pct. Operating Profit 118.0 82.9 35.1 42 % Ordinary Profit 100.0 73.1 26.9 37 % Profit Before Tax 110.0 73.8 36.2 49 % Net Income 60.0 45.8 14.2 31 % Operating ROS 4.1% 3.1% 1.0 Pts - EPS (Yen/Share) 44.4 37.6 6.8 18 % 1
Slide 19: Key Assumptions
KEY ASSUMPTIONS Full Year FY2005 FY2004 Change WHOLESALES (000) Consolidated 1,152 1,104 4 % REVENUE (¥Bils) 2,890.0 2,695.6 7 % EXCHANGE RATES Yen / U.S. Dollar 113 108 ¥ 5 Yen / Euro 137 135 ¥ 2 19 FY2005 Third Quarter Results & Full Year Projections
Slide 20: Revenue Changes by Destination
REVENUE CHANGES BY DESTINATION FY2005 Compared with FY2004 Vol. & Mix 5% 10 % Exchange 2% 9% 8% 7% 6% 4% 3% 2% 0% (Billion yen) Total Domestic Overseas FY05 2,890.0 870.0 2,020.0 FY04 2,695.6 845.6 1,850.0 20 FY2005 Third Quarter Results & Full Year Projections
Slide 21: Japan
JAPAN Full Year FY2005 FY2004 Change Retail Volume 286 286 0 % Market Share 4.9 % 4.9 % 0.0 Pts New MPV Introduced 21 FY2005 Third Quarter Results & Full Year Projections
Slide 22: United States
UNITED STATES Full Year FY2005 FY2004 Change Retail Volume (000) 264 264 0 % Market Share 1.6 % 1.6 % 0.0 Pts Strong Mazda3 Demand 22 FY2005 Third Quarter Results & Full Year Projections
Slide 23: Europe
EUROPE Full Year FY2005 FY2004 Change Retail Volume (000) 285 273 5 % Market Share 1.6 % 1.5 % 0.1 Pts New Mazda5 and New MX-5 23 FY2005 Third Quarter Results & Full Year Projections
Slide 24: China
CHINA Full Year FY2005 FY2004 Change Retail Volume (000) 130 96 36 % Market Share 2.2 % 1.8 % 0.4 Pts Market Share Growing 24 FY2005 Third Quarter Results & Full Year Projections
Slide 25: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Compared with FY2004 Billion Yen 40 35.1 Wholesales Wholesales up up 4% 4% with with New New Products Products 30.3 30 22.7 17.4 20 10 0 (10) (4.0) (3.1) (20) FY05 118.0 FY04 82.9 (30) (28.2) (40) Total Vol & Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 2
Slide 26: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Compared with FY2004 Billion Yen US$ 8.1 US$ 8.1 40 35.1 Euro Euro 2.5 2.5 Other 6.8 30.3 30 Other 6.8 22.7 17.4 20 10 0 (10) (4.0) (3.1) (20) FY05 118.0 FY04 82.9 (30) (28.2) (40) Total Vol & Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 26 FY2005 Third Q
Slide 27: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Compared with FY2004 Billion Yen Product Cost Product Cost 40 35.1 Upgrades Upgrades incl. incl. Reductions Reductions New New Features. 30.3 Net 30 Features. Net of of Raw Raw 22.7 Material Material Price Price 17.4 Increases 20 Increases 10 0 (10) (4.0) (3.1) (20) F
Slide 28: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Compared with FY2004 Billion Yen 40 35.1 Higher Higher R&D R&D 30.3 and 30 and 22.7 Depreciation Depreciation 17.4 20 10 0 (10) (4.0) (3.1) (20) FY05 118.0 FY04 82.9 (30) (28.2) (40) Total Vol & Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 28 FY2005 Third
Slide 29: Close
CLOSE 29 FY2005 Third Quarter Results & Full Year Projections
Slide 30: In Sum
IN SUM Operating Profit up 31% to ¥83.7 Billion in First Nine Months Full-year Operating Profit Projection Raised to ¥118 Billion, up 42% on Prior Year Continue Progress and Foundation Building Under Mazda Momentum 30 FY2005 Third Quarter Results & Full Year Projections
Slide 31: Appendix
APPENDIX 31 FY2005 Third Quarter Results & Full Year Projections
Slide 32: FY2005 Third Quarter Financial Metrics
FY2005 THIRD QUARTER FINANCIAL METRICS (Billion yen) Third Quarter Change FY2005 FY2004 Amount Pct. Operating Profit 34.9 20.6 14.3 69 % Ordinary Profit 24.6 18.0 6.6 37 % Profit Before Tax 23.7 16.8 6.9 42 % Net Income 10.2 7.4 2.8 38 % Operating ROS 4.7% 3.0% 1.7 Pts - EPS (Yen/Share) 7.6 6.0 1.6
Slide 33: Key Assumptions
KEY ASSUMPTIONS Third Quarter FY2005 FY2004 Change WHOLESALES (000) Consolidated 277 280 (1) % REVENUE (¥Bils) 741.5 685.6 8 % EXCHANGE RATES Yen / U.S. Dollar 117 106 ¥ 11 Yen / Euro 139 137 ¥ 2 33 FY2005 Third Quarter Results & Full Year Projections
Slide 34: Operating Profit Changes
OPERATING PROFIT CHANGES FY2005 Third Quarter Compared with FY2004 Third Quarter Billion Yen Stronger Stronger 20 Product Product Mix Mix 14.3 and and Lower Lower Marketing Marketing 10.2 Incentives Incentives 8.1 10 5.4 0.9 0 FY05 34.9 FY04 20.6 (1.9) (10) (8.4) Total Vol & Mix Exch. Product CR Mkt
Slide 35: 35 FY2005 Third Quarter Results & Full Year Projections
35 FY2005 Third Quarter Results & Full Year Projections
Slide 36: Disclaimer
DISCLAIMER The projections for FY 2005 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 aw