Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2007 Earnings Presentation
23 slides from Toyota Motor's earnings presentation, Feb 6, 2007
Slide 1: FY2007 3Q Financial Results
FY2007 3Q Financial Results Three months ended December 31, 2006 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 6, 2007
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, Managing Officer
Takahiko Ijichi Managing Officer
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 (Thousands of vehicles) 2,155 (+ 175) 1,980 (+ 37) 2,000 340 303 204 (- 13) 217 (+ 60) 306 246 1,000 Ot her 643 764 (+ 121) Asia Europe N. America 571 541 (- 30) Japan 0 '05/10-12 '06/10-12 Figures in parenthesis represent year-on-year change
Slide 6: Consolidated Financial Summary (3Q)
Consolidated Financial Summary (3Q) 6 (billions of yen) FY2007 3Q FY2006 3Q (’06/10-12) Change (’05/10-12) Net Revenues 6,146.5 5,333.3 813.2 15.2% Operating Income 574.7 482.2 92.5 19.2% Income before income taxes, minority interest and equity earnings of affiliated companies 615.9 *639.9 - 24.0 -
Slide 7: Consolidated Financial Summary (9 months)
Consolidated Financial Summary (9 months) 7 (billions of yen) FY2007 FY2006 (’06/4-12) Change (’05/4-12) Net Revenues 17,618.4 15,286.5 2,331.9 15.3% Operating Income 1,668.2 1,291.7 376.5 29.1% Income before income taxes, minority interest and equity earnings of affiliated companies 1,782.0 *1,495.
Slide 8: Contributing Factors to Consolidated Operating Income
Contributing Factors to Consolidated Operating Income 8 (billions of yen) Cost Reduction Efforts + 20.0 574.7 Marketing Efforts 600 + 120.0 (+92.5) 550 Increases in Expenses - 77.5 500 482.2 450 Effects of favorable 400 FOREX rates + 30.0 350 '05/10-12 '06/10-12 <Details of Increases in Expenses> Ex
Slide 9: Geographic Operating Income: Japan
Geographic Operating Income: Japan 9 (billions of yen) 1,316 1,319 1,231 1,219 500 1,177 1,123 1,068 408.9 400 391.4 383.5 300 281.1 293.0 200 188.4 197.5 707 100 550 536 571 543 530 541 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 '06/7-9 '06/10-12 Operating Income (billions of yen) Consolidated Veh
Slide 10: Geographic Operating Income: North America
Geographic Operating Income: North America 10 (billions of yen) 747 764 200 717 641 643 668 604 137.8 140.1 130.7 127.8 110.4 99.1 100 99.3 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 '06/7-9 '06/10-12 Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) - Strong sal
Slide 11: Geographic Operating Income: Europe
Geographic Operating Income: Europe 11 (billions of yen) 308 306 279 281 256 242 246 40 36.5 34.8 26.6 27.2 29.5 23.4 20 16.7 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 '06/7-9 '06/10-12 Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) - Operating income remaine
Slide 12: Geographic Operating Income: Asia
Geographic Operating Income: Asia 12 (billions of yen) 60 229 219 217 215 204 193 189 39.8 38.6 40 35.6 31.5 30.0 31.3 28.1 20 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 '06/7-9 '06/10-12 Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) - Decreased sales due to
Slide 13: Geographic Operating Income: Other
Geographic Operating Income: Other 13 (billions of yen) 337 340 40 303 292 300 272 284 31.0 19.2 20.2 20 17.0 16.3 15.9 14.7 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 '06/7-9 '06/10-12 Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) - Strong sales of IMV and C
Slide 14: Business Segment: Financial Services
Business Segment: Financial Services 14 (billions of yen) 46.8 47.7 43.8 39.7 41.3 40 32.2 25.5 20 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 '06/7-9 '06/10-12 Operating Income (billions of yen) - 4.2 billion yen non-cash valuation loss on interest rate swaps
Slide 15: Equity Earnings of Affiliated Companies
Equity Earnings of Affiliated Companies 15 (billions of yen) 66.1 60 56.2 45.8 47.8 40 35.6 35.1 33.2 20 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 '06/7-9 '06/10-12 Equity Earnings of Affilated Companies (billions of yen) - Strong performance led by Toyota Group companies in Japan and Chinese join
Slide 16: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) 16 (billions of yen) FY2007 3Q FY2006 3Q (’06/10-12) Change (’05/10-12) Net Revenues 3,036.1 2,661.8 374.3 14.1% Operating Income 320.4 233.2 87.2 37.4% Ordinary Income 483.0 352.3 130.7 37.1% Net Income 333.8 245.0 88.8 36.2%
Slide 17: Contributing Factors to Unconsolidated Operating Income
Contributing Factors to Unconsolidated Operating Income 17 (billions of yen) Marketing Efforts Cost Reduction 350 Efforts + 10.0 320.4 + 80.0 (+87.2) 300 Increases in Expenses - 32.8 250 233.2 200 Effects of favorable FOREX rates + 30.0 150 '05/10-12 '06/10-12 <Details of Increases in Expenses> R&D
Slide 18: Consolidated Prospects: Vehicle Sales
Consolidated Prospects: Vehicle Sales 18 (thousands of vehicles) 8,470 (+ 496) 8,470 7,974 8,000 1,310 (+159) 1,260 1,151 7,000 (- 110) 770 770 880 6,000 (+ 177) 1,210 1,200 1,023 5,000 Other 4,000 Asia 2,556 2,900 (+ 344) 2,870 3,000 Europe 2,000 N. America 1,000 2,364 2,290 (- 74) Japan 2,360 0 '0
Slide 19: FY2007 Consolidated Prospects
FY2007 Consolidated Prospects 19 (billions of yen) FY2007 FY2006 Change (’06/4-’07/3) (’05/4-’06/3) Net Revenues 23,200.0 21,036.9 2,163.1 10.3% Operating Income 2,200.0 1,878.3 321.7 17.1% Income before income taxes, minority interest and equity earnings of affiliated companies 2,300.0 2,087.3 212.
Slide 20: FY2007 Unconsolidated Prospects (Japan GAAP)
FY2007 Unconsolidated Prospects (Japan GAAP) 20 (billions of yen) FY2007 FY2006 Change (’06/4-’07/3) (’05/4-’06/3) Net Revenues 11,400.0 10,191.8 1,208.2 11.8% Operating Income 1,130.0 847.9 282.1 33.3% Ordinary Income 1,520.0 1,104.7 415.3 37.6% Net Income 1,030.0 765.9 264.1 34.5%
Slide 21: FY2007 Consolidated Prospects: CAPEX, Depreciation, R&D
FY2007 Consolidated Prospects: CAPEX, Depreciation, R&D 21 (billions of yen) Depreciation R&D Expenses CAPEX Expenses Consolidated 1,550.0 (+ 21.2) 930.0 (+ 38.6) 890.0 (+ 77.4) Japan 850.0 (- 59.3) 590.0 (+ 21.1) N. America 330.0 (+ 59.7) 165.0 (- 0.1) Europe 130.0 (- 0.5) 80.0 (+ 4.1) Asia 135.0 (
Slide 22: FY2007 Operations Prospects <Toyota / Lexus>
FY2007 Operations Prospects <Toyota / Lexus> 22 FY2007 FY2006 (’06/4-’07/3) (’05/4-’06/3) (thousands of units) (thousands of units) Automotive Japan 4,240 3,863 Production Overseas 3,920 3,731 Total 8,160 7,594 Sales (Japan) 1,680 1,769 Exports 2,590 2,126 Sales (Overseas) 6,430 5,664 Housing Sales
Slide 23: FY2007 3Q Financial Results
FY2007 FY2007 3Q 3Q Financial Financial Results Results Three Threemonths monthsended endedDecember December31, 31,2006 2006 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 6, 2007