Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2019 Earnings Presentation
24 slides from Toyota Motor's earnings presentation, May 8, 2019
Slide 1: FY2019 Financial Results
FY2019 Financial Results Manned, pressurized rover （Concept model） Toyota Motor Corporation May 8, 2019
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 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 f
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 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 To
Slide 4: FY2019 Financial Results
FY2019 Financial Results FY2019 Financial Performance FY2020 Financial Forecasts Examples of TPS/Cost reduction 4
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales ( thousands of vehicles) 10,000 8,964 8,977 (+13) 8,000 2,255 2,226 (-29) Japan 日本 N. America 北米 6,000 2,745 Europe 欧州 2,806 (-61) Asia アジア 4,000 968 994 (+26) Other その他 Central and South America, 2,000 1,543 1,684 (+141) Oceania, Africa, The Middle East, 1,392 1,327 (-65)
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary (billions of yen) FY2019 FY2018 Change (’18/4-’19/3) (’17/4-’18/3) Net Revenues 30,225.6 29,379.5 +846.1 Operating Income 2,467.5 2,399.8 +67.6 Margin 8.2% 8.2% Other Income -182.0 220.5 -402.6 Income before Income Taxes 2,285.4 2,620.4 -334.9 Equity in Earnings of Aff
Slide 7: Analysis of Consolidated Operating Income
Analysis of Consolidated Operating Income +190.0 (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. -165.0 +275.0 -72.4 2,467.5 2,399.8 Increase or Decrease Other ＊4 -50.0 +80.0 Marketing in Expenses Efforts and Expense Effects of Cost ＊2 R
Slide 8: Geographic Operating Income
Geographic Operating Income Operating Income (billions of yen) ( ): margin ● Consolidated Vehicle Sales (thousands of vehicles) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) ≪Japan≫ ≪N.America≫ ≪Europe≫ ≪Asia≫ ≪Other≫ 2,255 2,226 (-29) 2,806 2,745 (-61) 1,684 (+141) 1,543 1,392 1
Slide 9: Reference: China business
〈Reference〉 China business 1,487 (+184) Retail sales 1,302 ◇Retail vehicle sales (+184K year on year) (thousands ・Increased both Toyota and Lexus brands of vehicles) ◇Operating income (+21.3 billion yen) Equity in earnings of affiliated companies 150.6 (+16.0 billion yen) Operating Income 129.3 +21.
Slide 10: Financial Services Operating Income
Financial Services Operating Income ◇Operating Income ＊ (+58.3 billion yen year on year) ・Operating income increased mainly due to an increase in the lending balance and a decrease in costs related to residual-value losses. 283.9 +58.3 342.3 ’17/4-’18/3 ’18/4-’19/3 Change Operating Income 285.5 322.
Slide 11: Shareholder Return: Dividends
Shareholder Return : Dividends 400 (billions of yen) Year-end Dividend Net Income (right axis) 2,500 25,000 Interim Dividend (Yen) 300 2,000 20,000 210 210 220 220 200 1,500 15,000 200 110 110 120 120 1,000 10,000 125 100 500 5,000 75 100 100 100 100 0 0 ’15/3 ’16/3 ’17/3 ’18/3 ’19/3 Total Amount of
Slide 12: Shareholder Return: Share Repurchase
Shareholder Return : Share Repurchase FY2019 FY2018 249.9 billion yen / 36 million 249.9 billion yen / 33 million Interim shares of common stock shares of common stock 300.0 billion yen / 50 million 299.9 billion yen / 40 million Year-end shares of common stock [max] shares of common stock 549.9 bil
Slide 13: FY2020 Financial Forecasts
FY2019 Financial Results FY2019 Financial Performance FY2020 Financial Forecasts Examples of TPS/Cost reduction 13
Slide 14: FY2020 Forecasts: Consolidated Vehicle Sales
FY2020 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 (+23) 8,977 9,000 8,000 2,226 2,200 (-26) Japan 日本 N. America 北米 6,000 Europe 欧州 2,745 2,700 (-45) Asia アジア 4,000 Other その他 994 1,030 (+36) Central and South America, 2,000 1,684 1,730 (+46) Oceania, Africa, The Middle East,
Slide 15: FY2020 Forecasts: Consolidated Financial Summary
FY2020 Forecasts: Consolidated Financial Summary (billions of yen) FY2020 Forecasts FY2019 Results Change (’19/4-’20/3) (’18/4-’19/3) Net Revenues 30,000.0 30,225.6 -225.6 Operating Income 2,550.0 2,467.5 +82.5 Margin 8.5% 8.2% Income before Income Taxes 2,720.0 2,285.4 +434.6 Equity in Earnings of
Slide 16: Analysis of FY2020 Forecasts: Consolidated Operating Income
Analysis of FY2020 Forecasts: Consolidated operating Income (billions of yen) +75.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. 2,550.0 2,467.5 -20.0 -15.0 +177.5 -170.0 +110.0 Other ＊4 Effects of Cost Effects of Increase or Decrease FOREX Reduction M
Slide 17: Examples of TPS/Cost Reduction
FY2019 Financial Results FY2019 Financial Performance FY2020 Financial Forecasts Examples of TPS/Cost reduction 17
Slide 18: Cost Reduction Activities for Prototype Models
Cost Reduction Activities for Prototype Models <Basic Concept> <Activity Example> ◇Development process reform through TNGA ①Reduce the number of prototypes with TNGA Volume ◇Elaborate cost price for prototype models Local Optimization Tuning in on customers’ taste Reduction Image Differentiation Var
Slide 19: Elaborate Cost Competitiveness with Suppliers
Elaborate Cost Competitiveness with Suppliers <Basic Concept> <Framework of activities: Monozukuri Innovation Activity＞ ◇Create cost competitiveness to realize affordable Review 198 items in Japan and 185 items in overseas countries from 2011 sales prices for customers ◆Task Finding［Go and See / Bra
Slide 20: Standard Optimization from Customer Perspective
Standard Optimization from Customer Perspective <Basic Concept> <Activity Example> ◆Reduce the amount of protective materials used for wire harnesses (electric wires) ◇”Security and Safety” First ①Benchmark ◇Create cars that customers truly want Competitor Toyota ・Global uniform standard ⇒ Local opt
Slide 21: FY2019 Financial Results
FY2019 Financial Results C-HR EV （Shanghai Motor Show exhibition car） Toyota Motor Corporation May 8, 2019
Slide 22: Transition of Financial Performance
〈Reference〉 Transition of Financial Performance Forecast Consolidated Vehicle Sales Net Revenues Operating Income Net Income(billions of yen) (thousands of vehicles) (trillions of yen) (billions of yen) ● Operating Margin(%) ● Net Margin(%) 30.2 30.0 10.0 29.3 8,971 8,964 8,977 9,000 28.4 8.2 8.2 8.
Slide 23: FY2020 Forecasts: Vehicle Production and Retail Sales
〈Reference〉 FY2020 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) FY2020 Forecasts FY2019 Results Change (’19/4-’20/3) (’18/4-’19/3) T Japan 3,300 3,213 ＋87 o Vehicle y Production Overseas 5,790 5,724 ＋66 o *1 t Total 9,090 8,937 ＋153 a & Retail Japan 1,540 1,569 △29 L Vehicl
Slide 24: Definitions of Consolidated and Retail Vehicle Sales
〈Reference〉 Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Consolidated Vehicle Sales Distributors or Dealers outside consolidation Total Retail Vehicle Sales Toyota- and Lexus- brand vehicles Customers Toyota and Lexus Vehicle Sales P5,8,14,22 Number of vehi