Slide 1: FY2000 Financial Results & FY2001 Forecast
FY2000 FINANCIAL RESULTS & FY2001 FORECAST May 25, 2001 FY2000 Results & FY2001 Forecast 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE • FY2000 Results • FY2001 Forecast • Millennium Plan – FY2001 Deliverables & Outlook • Attachments FY2000 Results & FY2001 Forecast 2
Slide 3: FY2000 Results Overview
FY2000 RESULTS OVERVIEW • In Line With April Earnings Revision • Consolidated Revenue Down 7% & Volume Down 5% Vs. Prior Year • Operating & Ordinary Losses -- Adverse Volume & Mix and Strong Yen • Record Net Loss Driven By Restructuring Initiatives & Pension Write-off • Strongly Positive Consolidate
Slide 4: FY2000 Key Metrics
FY2000 KEY METRICS B/(W) Actual Prior Year Industry Volume (000) Japan 5,973 1.5 % U.S. 17,193 2.1 Western Europe 17,016 (0.7) Market Shares (Pct.) Japan 5.1 % (0.4) Pts. U.S. 1.5 0.1 Western Europe 1.2 (0.1) Wholesales & Production (000) Consolidated Wholesales 964 (49) Consolidated Production 969
Slide 5: FY2000 Consolidated Financial Results
FY2000 CONSOLIDATED FINANCIAL RESULTS Better/(Worse) Actual Apr. Plan Prior Year (Oku yen) (Oku yen) (Oku yen) Revenue 20,158 (142) (1,457) Operating Profit (149) 11 (400) Ordinary Profit (297) 3 (358) Profit Before Tax (2,424) 21 (2,650) Net Income (1,552) 13 (1,813) Return On Sales (7.7) % 0.0 Pts
Slide 6: FY2000 Consolidated Net Income by Geographic Segment
FY2000 CONSOLIDATED NET INCOME BY GEOGRAPHIC SEGMENT B/(W) Actual Prior Year (Oku yen) (Oku yen) Japan Parent (1,275) (1,326) Other (100) (167) Total Japan* (1,496) (1,765) North America (31) (104) Europe (42) (43) Rest Of World 17 99 Total (1,552) (1,813) * Including Consolidation Adjustments FY200
Slide 7: Trend of Revenue Growth & Operating Profit Margins
TREND OF REVENUE GROWTH & OPERATING PROFIT MARGINS Pct. Revenue Change OP Margin 10.0 7.8 8.0 6.0 5.1 4.0 3.0 1.6 1.2 2.0 2.8 0.0 0.0 0.8 (2.0) (0.7) (4.0) (6.0) (6.7) (8.0) FY96 FY97 FY98 FY99 FY00 FY2000 Results & FY2001 Forecast 7
Slide 8: Explanation of Profit Changes
EXPLANATION OF PROFIT CHANGES (Oku yen) Better/(Worse) Apr. Plan Prior Year Volume & Mix 6 (399) Exchange Rates Net Of FOB Changes 13 (578) Cost Reductions 7 337 Fixed Costs & Other (14) 197 Operating Profit 12 (443) Non-Operating Items (10) 43 Ordinary Profit 2 (400) One-Time Pension Writeoff 0 (1,
Slide 9: FY2000 Extraordinary Items
FY2000 EXTRAORDINARY ITEMS Better/(Worse) Actual Apr. Plan Prior Year (Oku yen) (Oku yen) (Oku yen) Restructuring Parent (396) (1) (396) Subsidiaries (83) 3 254 Subtotal (479) 2 (142) Asset Sales & Valuation Changes (45) (10) (454) One-Time Pension Writeoff (1,309) - (1,309) Other (30) 10 32 Unconso
Slide 10: FY2000 Consolidated Net Debt and Cash Flow
FY2000 CONSOLIDATED NET DEBT AND CASH FLOW Better/(Worse) Prior Actual Apr. Plan Year End (Oku yen) (Oku yen) (Oku yen) Cash & Cash Equivalents 2,926 28 590 Borrowing 7,772 (4) (66) Net Debt 4,846 24 524 Cash Flow 522 22 NA Net Debt-To-Equity 305 % 4 Pts (87) Pts FY2000 Results & FY2001 Forecast 10
Slide 11: FY2000 Cash Flow by Geographic Segment
FY2000 CASH FLOW BY GEOGRAPHIC SEGMENT Actual (Oku yen) Japan Parent 59 Other 143 Subtotal Japan 202 North America 60 Europe 204 Rest Of World 56 Total 522 FY2000 Results & FY2001 Forecast 11
Slide 12: FY2000 in Perspective
FY2000 IN PERSPECTIVE • A Year Of Challenge and Dramatic Change • Disappointing Results Overall But Corrective Measures Identified and In Place With Millennium Plan • Initial Milestones Met Or Exceeded • Future Results Driven By Operating Performance FY2000 Results & FY2001 Forecast 12
Slide 13: FY2001 Financial Forecast
FY2001 FINANCIAL FORECAST FY2000 Results & FY2001 Forecast 13
Slide 14: FY2001 Forecast Overview
FY2001 FORECAST OVERVIEW • Transition Year • Consolidated Revenue Up 6% -- Weaker Yen and Growth In North America, Australia & Rest Of World • Consolidated Operating Profit Of ¥170 Oku & Margin Of 0.8% • Consolidated Net Breakeven • North America & ROW Profitable • Consolidated Positive Cash Flow (B
Slide 15: FY2001 Key Assumptions
FY2001 KEY ASSUMPTIONS Full Year B/(W) Forecast Prior Year Industry Volume (000) Japan 6,000 0.5 % U.S. 16,350 (4.9) Western Europe 16,600 (2.4) Market Shares (Pct.) Japan 4.7 % (0.4) Pts. U.S. 1.7 0.2 Western Europe 1.0 (0.2) Wholesales & Production (000) Consolidated Wholesales 978 14 Consolidated
Slide 16: FY2001 Consolidated Financial Forecast
FY2001 CONSOLIDATED FINANCIAL FORECAST Full Year B/(W) Forecast Prior Year (Oku yen) (Oku yen) Revenue 21,400 1,242 Operating Profit 170 319 Ordinary Profit 20 317 Profit Before Tax 20 2,444 Net Income 0 1,552 Return On Sales 0 % 7.7 Pts Return On Assets 0 % 9.9 Pts Cash Flow 50 NA Net Debt 4,720 12
Slide 17: Projected FY2001 Net Income Forecast by Geographic Segment
PROJECTED FY2001 CONSOLIDATED NET INCOME FORECAST BY GEOGRAPHIC SEGMENT Full Year B/(W) Forecast Prior Year (Oku yen) (Oku yen) Japan Parent 60 1,335 Other 90 190 Total Japan* (50) 1,446 North America 20 51 Europe 0 42 Rest of World 30 13 Total 0 1,552 * Including Consolidation Adjustments FY2000 Re
Slide 18: Trend of Revenue Growth & Operating Profit Margins
TREND OF REVENUE GROWTH & OPERATING PROFIT MARGINS Pct. Revenue Change OP Margin 10.0 7.8 8.0 6.2 6.0 5.1 4.0 3.0 2.0 1.6 1.2 0.8 2.8 0.0 0.0 0.8 (2.0) (0.7) (4.0) (6.0) (6.7) (8.0) FY96 FY97 FY98 FY99 FY00 FY01 Proj. FY2000 Results & FY2001 Forecast 18
Slide 19: Explanation of Profit Changes
EXPLANATION OF PROFIT CHANGES (Oku yen) B/(W) Prior Year Volume & Mix (285) Exchange Rates Net of FOB Changes 190 Cost Reductions 225 Fixed Costs & Other 243 Operating Profit 373 Non-Operating Items 10 Ordinary Profit 383 Extraordinary Items 1,883 Profit Before Tax 2,266 Corporate Income Tax (931) ,
Slide 20: FY2001 Projected Consolidated Net Debt and Cash Flow
FY2001 PROJECTED CONSOLIDATED NET DEBT AND CASH FLOW Full Year B/(W) Prior Forecast Year End (Oku yen) (Oku yen) Cash & Cash Equivalents 2,468 (458) Borrowing 7,188 584 Net Debt 4,720 126 Cash Flow 50 NA Net Debt-To-Equity 297 % 8 Pts FY2000 Results & FY2001 Forecast 20
Slide 21: Projected FY2001 Cash Flow by Geographic Segment
PROJECTED FY2001 CASH FLOW BY GEOGRAPHIC SEGMENT Full Year Forecast (Oku yen) Japan Parent (560) Other 170 Subtotal Japan (390) North America 280 Europe 120 Rest of World 40 Total 50 FY2000 Results & FY2001 Forecast 21
Slide 22: Millennium Plan – FY2001 Deliverables
MILLENNIUM PLAN – FY2001 DELIVERABLES METRIC DELIVERABLE Uncons. Net Income Profitable Cons. Operating Income Profitable Cons. Net Income Breakeven Cons. Cash Flow Positive Customer Satisfaction YOY Improvement Growth & Revenue Achieve May Forecast FY2000 Results & FY2001 Forecast 22
Slide 23: Millennium Plan – FY2001 Deliverables
MILLENNIUM PLAN – FY2001 DELIVERABLES METRIC DELIVERABLE Product Launch Mid-Size Vehicle & Hiroshima New I4 Distribution Europe -- Control 70%+ Japan – Profitable/CF+ Capacity Close Ujina 2 People MBLD II Stock Options 360° Reviews FY2000 Results & FY2001 Forecast 23
Slide 24: Millennium Plan Outlook
MILLENNIUM PLAN OUTLOOK 9 Profit & Cash Flow On Track 9 Customer Satisfaction Plans In Place 9 Product Plans On Track 9 Distribution Initiatives On Track 9 Reform & Restructuring On Track 9 European Production On Track 9 People Transformation On Track FY2000 Results & FY2001 Forecast 24
Slide 25: Attachments – FY2000
ATTACHMENTS – FY2000 FY2000 Results & FY2001 Forecast 25
Slide 26: FY2000 Unconsolidated Financial Results
FY2000 UNCONSOLIDATED FINANCIAL RESULTS Better/(Worse) Actual Apr. Plan Prior Year (Oku yen) (Oku yen) (Oku yen) Revenue 13,227 27 (1,434) Operating Profit (313) 12 (443) Ordinary Profit (323) 2 (400) Profit Before Tax (2,186) 4 (2,273) Net Income (1,275) 10 (1,326) Return On Sales (9.6) % 0.1 Pts (
Slide 27: FY2000 Market Data – Japan
FY2000 MARKET DATA -- JAPAN Over/(Under) Registered Actual Prior Year Industry (000) Sedan 1,553 3.1 % RV 1,709 5.9 Other 857 (0.4) Total 4,119 3.5 % Mazda Market Share 6.5 % (0.5) Pts Mazda Retail (000) 267 (3.9) % Micro Industry (000) 1,854 (2.5) % Mazda Market Share 2.1 % (0.3) Pts Mazda Retail (
Slide 28: FY2000 Market Data – U.S.A.
FY2000 MARKET DATA – U.S.A. (CY2000) Over Actual Prior Year Industry (000) 17,193 2.1 % Mazda Market Share 1.5 % 0.1 Pts Mazda Retail (000) 256 4.8 % FY2000 Results & FY2001 Forecast 28
Slide 29: FY2000 Market Data – Western Europe
FY2000 MARKET DATA – WESTERN EUROPE (CY2000) (Under) Actual Prior Year Industry (000) 17,016 (0.7) % Mazda Market Share 1.2 % (0.1) Pts Mazda Retail (000) 198 (12.7) % Memo: Total Europe Retail 211 (12.6) % FY2000 Results & FY2001 Forecast 29
Slide 30: FY2000 Unconsolidated Wholesales & Production
FY2000 UNCONSOLIDATED WHOLESALES & PRODUCTION Over/(Under) Actual Prior Year (000) (000) Wholesales Japan 337 (7) North America 178 1 Europe 158 (78) Rest of World 154 32 Total 827 (52) Memo: Excluding Outsourced Vehicles 744 (62) Production Domestic 287 (10) Export 451 (57) Subtotal In-House 738 (6
Slide 31: FY2000 Consolidated Wholesales & Production
FY2000 CONSOLIDATED WHOLESALES & PRODUCTION Over/(Under) Actual Nov. Plan Prior Year (000) (000) (000) Wholesales Japan 334 (14) (11) North America 300 (11) 3 Europe 175 (11) (66) Rest Of World 155 (9) 25 Total 964 (45) (49) Production Japan 333 (6) (15) North America 308 (5) 3 Europe 173 (11) (75)
Slide 32: Attachments – FY2001 Forecast
ATTACHMENTS – FY2001 FORECAST FY2000 Results & FY2001 Forecast 32
Slide 33: Projected FY2001 Unconsolidated Financial Results
PROJECTED FY2001 UNCONSOLIDATED FINANCIAL RESULTS 1st Half 2nd Half Full Year B/(W) Forecast Forecast Forecast Year Ago (Oku yen) (Oku yen) (Oku yen) (Oku yen) Revenue 6,600 7,500 14,100 873 Operating Profit (60) 120 60 373 Ordinary Profit (50) 110 60 383 Profit Before Tax (60) 140 80 2,266 Net Inco
Slide 34: Projected FY2001 Consolidated Financial Results
PROJECTED FY2001 CONSOLIDATED FINANCIAL RESULTS 1st Half 2nd Half Full Year B/(W) Forecast Forecast Forecast Year Ago (Oku yen) (Oku yen) (Oku yen) (Oku yen) Revenue 10,700 10,700 21,400 1,242 Operating Profit (70) 240 170 319 Ordinary Profit (140) 160 20 317 Profit Before Tax (180) 200 20 2,444 Net
Slide 35: Projected FY2001 Market Data – Japan
PROJECTED FY2001 MARKET DATA -- JAPAN 1st Half 2nd Half Full Year Over/(Under) Registered Forecast Forecast Forecast Prior Year Industry (000) Sedan 717 795 1,512 (2.6) % RV 822 941 1,763 6.7 Other 483 442 925 0.9 Total 2,022 2,178 4,200 2.0 % Mazda Market Share 6.1 % 5.4 % 5.8 % (0.7) Pts Mazda Ret
Slide 36: Projected FY2001 Market Data – U.S.A.
PROJECTED FY2001 MARKET DATA – U.S.A. (CY2001) 1st Half 2nd Half Full Year O/(U) Forecast Forecast Forecast Prior Year Industry (000) 8,535 7,815 16,350 (4.9) % Mazda Market Share 1.7 % 1.6 % 1.7 % 0.2 Pts Mazda Retail (000) 142 128 270 5.5 % FY2000 Results & FY2001 Forecast 36
Slide 37: Projected FY2001 Market Data – Western Europe
PROJECTED FY2001 MARKET DATA – WESTERN EUROPE (CY2001) 1st Half 2nd Half Full Year Over/(Under) Forecast Forecast Forecast Prior Year Industry (000) 9,064 7,536 16,600 (2.4) % Mazda Market Share 1.0 % 0.9 % 1.0 % (0.2) Pts Mazda Retail (000) 88 71 159 % (19.6) % Memo: Total Europe Retail 94 77 171 (
Slide 38: Projected FY2001 Unconsolidated Wholesales & Production
PROJECTED FY2001 UNCONSOLIDATED WHOLESALES & PRODUCTION 1st Half 2nd Half Full Year Over/(Under) Forecast Forecast Forecast Prior Year (000) (000) (000) (000) Wholesales Japan 150 153 303 (34) North America 99 99 198 20 Europe 73 105 178 20 Rest of World 90 89 179 25 Total 412 446 858 31 Memo: Exclu
Slide 39: Projected FY2001 Consolidated Wholesales & Production
PROJECTED FY2001 CONSOLIDATED WHOLESALES & PRODUCTION 1st Half 2nd Half Full Year Over/(Under) Forecast Forecast Forecast Prior Year (000) (000) (000) (000) Wholesales Japan 150 153 303 (31) North America 177 149 326 26 Europe 77 85 162 (13) Rest Of World 91 96 187 32 Total 495 483 978 14 Production
Slide 40: FY2000 Results & FY2001 Forecast
FY2000 Results & FY2001 Forecast 40