Mazda Motor Corp. · TSE:7261
Mazda Motor — Q1 FY2011 Earnings Presentation
26 slides from Mazda Motor's earnings presentation, Jul 30, 2010
Slide 1: Fiscal Year Ending March 2011 First Quarter Financial Results
FISCAL YEAR ENDING MARCH 2011 FIRST QUARTER FINANCIAL RESULTS New Premacy 20S Mazda Motor Corporation July 30, 2010 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE Highlights Fiscal Year Ending March 2011 First Quarter Results (April-June 2010) In Summary 2
Slide 3: Highlights
HIGHLIGHTS 3
Slide 4: Highlights (1)
HIGHLIGHTS (1) Revenue was ¥578 billion, up 35% year-over-year. Operating profit was ¥6.4 billion Achieved positive free cash flow of ¥14.6 billion Made a good start in global sales which totaled to 317,000 units, up 54,000 units or 21% year-over-year Improved market share in major countries due to
Slide 5: Highlights (2)
HIGHLIGHTS (2) Achieved record sales in China due to the successful sales of all carlines. Transferred Mazda3 production in China to meet increased demand Mazda2 produced at AutoAlliance (Thailand) (AAT) received excellent reception in Thailand, etc. Actions for emerging countries are also in line w
Slide 6: Fiscal Year Ending March 2011 First Quarter Results (April-June 2010)
FISCAL YEAR ENDING MARCH 2011 FIRST QUARTER RESULTS (April-June 2010) 6
Slide 7: FY Ending March 2011 Financial Metrics
FY ENDING MARCH 2011 FINANCIAL METRICS First Quarter (Billion yen) (April-June) Change FY Ending FY Ending March 2011 March 2010 Amount YOY (%) Revenue 578.0 428.2 149.8 35 % Operating profit 6.4 (28.0) 34.4 - Ordinary profit 4.1 (32.7) 36.8 - Profit before tax 0.8 (33.5) 34.3 - Net income (2.1) (21
Slide 8: Cash Flow and Net Debt
CASH FLOW AND NET DEBT First Quarter (Billion yen) (April-June) FY Ending FY Ending Improvement/ March 2011 March 2010 (Deterioration) Free Cash Flow 14.6 (9.8) - Net Debt (366.7) (546.9) 180.2 Net Debt-to- equity Ratio 73 % 137 % 64 Pts Equity Ratio 26 % 22 % 4 Pts 8
Slide 9: Key Data
KEY DATA First Quarter (April-June) Change FY Ending FY Ending March 2011 March 2010 Volume YOY (%) Global sales volume (000) Japan 52 41 11 27 % North America 90 74 16 21 USA 60 47 13 28 Europe 54 59 (5) (8) China 53 41 12 28 Other Markets 68 48 20 41 Total 317 263 54 21 % Exchange rate US$ / Yen 9
Slide 10: Japan
JAPAN First Quarter (April-June) (000) Sales Volume / Share (%) 10 52 50 41 27% New Premacy 4.5 5 4.3 Sales increased 27% from the prior year, improving the share by 0.2 points to 4.5% thanks to brisk sales of Demio and Axela Launched New Premacy in July with i-stop 0 0 FY Ending FY Ending March 201
Slide 11: North America
NORTH AMERICA First Quarter (April-June) (000) Sales Volume / US Share (%) 4 100 90 74 Canada, 21% Mexico, Canada, etc. 30 Mazda3 Mexico, Sales increased by 21% to 90,000 etc. 27 2 units 50 1.9 Share rose 0.1 points from the 1.8 prior year to 1.9%. Share of non- fleet sales is at record high of 1.8%
Slide 12: Europe
EUROPE First Quarter (April-June) (000) Sales Volume / Share (%) 4 59 54 (8)% 40 Mazda CX-7 2 Continued to improve the brand value by holding 1.2 down incentives 1.1 Residual value and share improved from the prior year in key countries such as Germany and UK Year-over-year increase of 0 0 sales in
Slide 13: China
CHINA First Quarter (April-June) (000) Sales Volume / Share (%) 53 6 50 41 28% 4.0 3.6 4 New Mazda6 Ruiyi Due to strong sales of key models such as Mazda2, Mazda3 and Mazda6, achieved Share excl. local brand the highest first quarter sales of China share 2 53,000 units Transferred production of Mazd
Slide 14: Other Markets
OTHER MARKETS First Quarter (April-June) (000) Sales Volume 68 48 41% Mazda2 50 AAT-produced Mazda2 Sedan Sales volume increased 41% to 68,000 units Sales in Australia, Thailand and Indonesia achieved record-high volume. Successful introduction of AAT-produced Mazda2 0 substantially contributed FY E
Slide 15: Operating Profit Change
OPERATING PROFIT CHANGE FY Ending March 2011 1st Quarter Compared with (Billion yen) FY Ending March 2010 1st Quarter FY Ending Other March 2011 10 Cost 9.4 6.4 Vol. & Mix Improvement Marketing 26.5 Exchange 4.4 Expense 0 (1.2) (4.7) (10) Improvement (20) US Dollar (3.5) Euro (3.9) (Deterioration) O
Slide 16: Operating Profit Change
OPERATING PROFIT CHANGE FY Ending March 2011 1st Quarter Compared with (Billion yen) FY Ending March 2010 1st Quarter FY Ending Other March 2011 10 Cost 9.4 6.4 Vol. & Mix Improvement Marketing 26.5 Exchange 4.4 Expense 0 (1.2) (4.7) (10) Improvement (20) Including material price hikes such as (Dete
Slide 17: In Summary
IN SUMMARY Solid start to our turnaround in tough external environment including stronger yen and material price hikes Good start in global sales, achieving 317,000 units, 21% up from the prior year Key products like Mazda2/Demio, Mazda3/Axela and Mazda6/Atenza continue to receive high acclaim, driv
Slide 18: Appendix
APPENDIX 18
Slide 19: Revenue by Geographic Area
REVENUE BY GEOGRAPHIC AREA (Billion yen) 616.0 600 562.1 557.6 578.0 65.6 51.6 57.4 69.7 428.2 128.9 93.1 137.5 118.0 Other 48.9 Europe 95.5 163.3 175.0 300 137.3 164.9 North 100.5 America 235.7 217.2 258.3 240.2 Japan 183.2 0 1Q 2Q 3Q 4Q 1Q FY Ending FY Ending March 2010 March 2011 19
Slide 20: Revenue by Product
REVENUE BY PRODUCT (Billion yen) 616.0 562.1 557.6 578.0 600 65.6 61.8 62.0 55.8 57.0 428.2 53.7 57.3 59.0 Other 56.1 Parts 53.1 300 493.5 462.6 442.8 442.7 Vehicle / 319.1 Parts for overseas production 0 1Q 2Q 3Q 4Q 1Q FY Ending FY Ending March 2010 March 2011 20
Slide 21: Revenue Change
REVENUE CHANGE FY Ending March 2011 1st Quarter Compared with FY Ending March 2010 1st Quarter (¥billion) FY Ending March 2011 578.0 FY Ending March 2010 428.2 Japan 4% 40% Overseas 33% 30% 35% 37% 20% 10% (2)% 0% (10)% Total Vol. & Mix Exchange 21
Slide 22: Key Data
KEY DATA First Quarter (April-June) Change (000) FY Ending FY Ending March 2011 March 2010 Volum e YOY(%) Consolidated Wholesales Japan 54 42 12 26 % North America 94 53 41 78 Europe 44 43 1 2 China 6 2 4 190 Other Markets 70 41 29 72 Total 268 181 87 48 % 22
Slide 23: Key Data
KEY DATA FY Ending March 2011 Change from Prior Year 1st Half 2nd Half Full Year 1st Half 2nd Half Full Year Global sales volume (000) Japan 126 84 210 21 (32) (11) North America 181 177 358 23 28 51 Europe 118 108 226 (5) (8) (13) China 108 122 230 23 11 34 Other Markets 125 121 246 19 (3) 16 Total
Slide 24: FY Ending March 2011 Financial Metrics
FY ENDING MARCH 2011 FINANCIAL METRICS FY Ending FY Ending March 2011 March 2010 Full Year (Billion yen) 1st Half 2nd Half Full Year Full Year Change Revenue 1,130.0 1,140.0 2,270.0 2,163.9 106.1 Operating profit 10.0 20.0 30.0 9.5 20.5 Ordinary profit 8.0 21.0 29.0 4.6 24.4 Profit before tax 3.0 18
Slide 25: Key Data
KEY DATA (Billion yen) 100.0 100 Full Year 85.2 Full 76.4 Year 73.0 60.0 50 Full 29.8 Year 23.2 1Q 19.2 18.2 1Q 18.8 1Q 5.0 6.4 0 FY Ending FY Ending FY Ending FY Ending FY Ending FY Ending March 2010 March 2011 March 2010 March 2011 March 2010 March 2011 Capital Spending Depreciation R&D Cost 25
Slide 26: Disclaimer
DISCLAIMER The projections 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 aware that Maz