Toyota Motor Corp. · TSE:7203
Toyota Motor — Q1 FY2009 Earnings Presentation
29 slides from Toyota Motor's earnings presentation, Aug 7, 2008
Slide 1: FY2009 First Quarter Financial Results
FY2009 First Quarter Financial Results Three months ended June 30, 2008 --prepared prepared in accordance with U.S.GAAP U.S.GAAP-- Toyota Motor Corporation August 7, 2008
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 2 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 unknown risks, uncertainties and other
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 3 Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc., of Toyota which may be contained in this document is prohibited from trading in
Slide 4: Takahiko Ijichi
Takahiko Ijichi Senior Managing Director
Slide 5: FY2009 First Quarter [Financial Results]
FY2009 First Quarter 【Financial Results】
Slide 6: Consolidated Vehicle Sales
Consolidated Vehicle Sales 6 （thousands of vehicles） 2,162 2,186 (+24) 2,000 345 382 (+37) 222 262 (+40) Other 333 Central and 301 (-32) South America, Oceania, Africa, その他 The Middle and 1,000 Near East etc. アジア 762 729 (-33) 欧州 Asia 米国 Europe 日本 N. America 500 512 (+12) Japan 0 '07/4-6 '08/4-6 cha
Slide 7: Consolidated Financial Summary
Consolidated Financial Summary 7 (billions of yen) FY2009 Q1 FY2008 Q1 Change （’08/4-6） （’07/4-6） Net Revenues 6,215.1 6,522.6 -307.5 -4.7% Operating Income 412.5 675.4 -262.9 -38.9% Income before income taxes, minority interest and equity earnings of affiliated companies 453.0 739.0 -286.0 -38.7% N
Slide 8: Historical Changes in Consolidated Net Income
Historical Changes in Consolidated Net Income 8 (billions of yen) 1Q 2Q 3Q 4Q 1,717.8 1,650.0 1,644.0 316.8 801.6 440.1 1,250.0 1,171.2 404.1 458.6 290.7 426.7 850.0 296.5 397.5 450.9 405.7 450.0 297.4 303.7 371.5 491.5 353.6 286.6 266.8 50.0 '04/4-'05/3 '05/4-'06/3 '06/4-'07/3 '07/4-'08/3 '08/4-'09
Slide 9: Analysis of Consolidated Net Income
Analysis of Consolidated Net Income 9 (billions of yen) Net Income(-137.9) Operating Income(-262.9) Excluding: valuation profit in accounting on interest rate swaps (-315.5) 491.5 Income Equity in tax, etc Cost Valuation Profit Non- Increases in Marketing earnings of Reduction in Accounting operatin
Slide 10: Geographic Operating Income: Japan
Geographic Operating Income:Japan 10 <Consolidated Vehicle Sales+Exported Vehicles (thousands of vehicles)> (billions of yen) 1,332 FY08/3 1,177 1,279 FY09/3 1,163 1,122 600.0 400.0 396.6 376.7 389.4 277.6 217.1 200.0 -179.5 0.0 '07/4-6 '08/4-6 '07/7-9 '07/10-12 '08/1-3 The appreciation of the yen a
Slide 11: Geographic Operating Income: North America
Excludes Valuation Profit/Loss Geographic Operating Income: North America in Accounting on Interest Rate Swaps 11 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) FY08/3 762 756 FY09/3 729 735 705 150.0 146.8 116.2 100.0 89.6 50.0 -145.2 44.1 1.6 0.0 '07/4-6 '08/4-6 '07/7-9 '07
Slide 12: Geographic Operating Income: Europe
Geographic Operating Income: Europe 12 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 341 FY08/3 333 308 302 50.0 FY09/3 301 40.0 38.5 39.2 34.0 30.0 29.8 20.0 20.3 10.0 -18.2 0.0 '07/4-6 '08/4-6 '07/7-9 '07/10-12 '08/1-3 -Sales volume decreased due to market slowdown in West
Slide 13: Geographic Operating Income: Asia
Geographic Operating Income: Asia 13 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 262 FY09/3 263 FY08/3 241 222 230 80.0 75.4 69.3 67.1 64.3 60.0 49.6 40.0 ＋19.7 20.0 0.0 '07/4-6 '08/4-6 '07/7-9 '07/10-12 '08/1-3 - Increased profit primarily due to favorable sales in Indone
Slide 14: Geographic Operating Income: Central and South America, Oceania, Africa
Geographic Operating Income: Central and South America, Oceania, Africa 14 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) FY09/3 382 435 381 FY08/3 345 366 60.0 49.9 44.5 40.0 38.6 33.1 22.3 20.0 ＋5.9 0.0 '07/4-6 '08/4-6 '07/7-9 '07/10-12 '08/1-3 - Increased profit due to fav
Slide 15: Business Segment: Financial Services
Excludes Valuation Profit/Loss Business Segment: Financial Services in Accounting on Interest Rate Swaps 15 (billions of yen) 45.4 45 40.8 37.4 30.9 30 23.6 15 -21.8 0 '07/4-6 '08/4-6 '07/7-9 '07/10-12 '08/1-3 Valuation Profit/Loss in Accounting on 2.9 55.5 -11.3 -16.5 -43.1 Interest Rate Swaps Incl
Slide 16: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 16 (billions of yen) 100 95.0 81.8 79.1 80 63.3 60 ＋13.2 45.9 40 20 0 '07/4-6 '08/4-6 '07/7-9 '07/10-12 '08/1-3 China (included above) 14.7 19.9 15.7 16.6 20.2 - Strong earnings contributions maintained mainly by joint venture companies in China
Slide 17: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) 17 (billions of yen) FY2009 Q1 FY2008 Q1 Change （’08/4-6） （’07/4-6） Net Revenues 2,890.5 2,908.8 -18.3 -0.6% Operating Income 173.5 324.6 -151.1 -46.5% Ordinary Income 401.4 511.0 -109.6 -21.4% Net Income 321.1 361.5 -40.4 -11.2%
Slide 18: Analysis of Unconsolidated Net Income
Analysis of Unconsolidated Net Income 18 (billions of yen) Net Income(- 40.4) 361.5 Operating Income(- 151.1) 321.1 Cost Non- Marketing Increases in operating Reduction Efforts Expenses income Efforts +60.0 –11.1 -10.0 +41.5 Income tax, etc. +69.2 Effects of FOREX rates -190.0 '07/4-6 '08/4-6 <Detai
Slide 19: Restructuring North American Production
Restructuring North American Production 19 Swift response to rapid changes in demands ・Slowdown of demand for light trucks ⇒Optimize inventory through suspension of production Improve plant utilization ratio ・Increase supply of compact and hybrid vehicles Production Plants Responses Aims TMMI(Indian
Slide 20: Restructuring North American Production
Restructuring North American Production 20 Measures for more efficient supply from mid-to long-term perspective ・Respond quickly and flexibly to demand shift from light trucks to compact and hybrid vehicles ⇒Restructure production base to maximize benefit from medium-to-long term growth of North Ame
Slide 21: FY2009 First Quarter [Prospects for FY2009]
FY2009 First Quarter 【Prospects for FY2009】
Slide 22: FY2009 Prospects: Consolidated Vehicle Sales
FY2009 Prospects: Consolidated Vehicle Sales 22 (thousands of vehicles) 8,913 8,740 (-173) 8,000 1,527 1,590 (+63) 7,000 956 Other 1,060 (+104) 6,000 Central and 1,284 South America, 1,290 (+6) Oceania, 5,000 Africa, The Middle and 4,000 Near East etc. 2,958 その他 2,630 (-328) 3,000 Asia アジア 欧州 2,000
Slide 23: FY2009 Consolidated Prospects
FY2009 Consolidated Prospects 23 (billions of yen) FY2009 FY2008 Change (’08/4-’09/3) (’07/4-’08/3) Net Revenues 25,000.0 26,289.2 -1,289.2 -4.9% Operating Income 1,600.0 2,270.3 -670.3 -29.5% Income before income taxes, minority interest and equity earnings of affiliated companies 1,700.0 2,437.2 -
Slide 24: Analysis of FY2009 Consolidated Prospects: Operating Income
Analysis of FY2009 Consolidated Prospects: Operating Income 24 (billions of yen) Operating Income FY2008 Actual Results 2,270.3 (’07/4～’08/3) Revised Prospect Previous Prospect Marketing Efforts - 100.0 + 180.0 Cost Reduction Efforts 0 0 Effects of FOREX rates - 410.0 - 690.0 Increases in Expenses -
Slide 25: FY2009 Consolidated Prospects: CAPEX, Depreciation, R&D
FY2009 Consolidated Prospects :CAPEX, Depreciation, R&D 25 (billions of yen) Capital Depreciation R&D Expenses Expenditures Expenses Consolidated 1,400.0 (-80.2) 1,100.0 (+57.6) 920.0 (-38.8) Japan 820.0 (-43.1) 690.0 (+76.9) N. America 320.0 (-14.3) 210.0 (+6.5) Europe 140.0 (+24.1) 100.0 (-1.0) As
Slide 26: FY2009 Unconsolidated Prospects
FY2009 Unconsolidated Prospects 26 (billions of yen) FY2009 FY2008 Change (’08/4-’09/3) (’07/4-’08/3) Net Revenues 11,900.0 12,079.2 -179.2 -1.5% Operating Income 500.0 1,108.6 - 608.6 -54.9% Ordinary Income 980.0 1,580.6 -600.6 -38.0% Net Income 770.0 1,138.1 -368.1 -32.3%
Slide 27: FY2009 Toyota's Operations Prospects
FY2009 Toyota’s Operations Prospects 27 FY2009 FY2008 (’08/4-’09/3) (’07/4-’08/3) (thousands of vehicles) (thousands of vehicles) Automotive Japan 4,083 4,264 Production Overseas 4,360 4,424 Total 8,443 8,688 Sales (Japan) 1,560 1,595 Exports 2,600 2,708 Sales (Overseas) 7,000 6,923 Housing Sales 5,
Slide 28: Shareholder Return
Shareholder Return 28 15 million shares Share Buyback 70 billion yen (Maximum) Buyback Period: August 11th – 21st ■ Results of Share Buyback Number of Shares (million) Amount (yen) 60 2,500 Max.Authorized: 200 billion yen 50 Max.Authorized 2,000 40 30 million shares 1,500 30 Announced 1,000 this tim
Slide 29: FY2009 First Quarter Financial Results
FY2009 First Quarter Financial Results Three months ended June 30, 2008 - prepared in accordance with U.S.GAAP - Toyota Motor Corporation August 7, 2008