Mitsubishi Motors Corporation · TSE:7211
Mitsubishi Motors — Q1 FY2012 Earnings Presentation
23 slides from Mitsubishi Motors's earnings presentation, Jul 30, 2012
Slide 1: FY2012 Q1 Financial Results
0 ᵐᵎᵏᵐ࠰ࡇ ᇹᾀׄҞಅጚỉಒඞ ᣂဳ䉫䊨䊷䊋䊦䉮䊮䊌䉪䊃䉦䊷䇺䊚䊤䊷䉳䊠䇻 ɤᓛᐯѣಅఇࡸ˟ᅈ 2012࠰7உ30ଐ
Slide 2: FY2012 Q1 Results Summary
1 2012࠰ࡇᇹ1ׄҞಅጚἇἰἼὊ ẔЭ࠰ӷݣൔẕ ό᭗ᡶᘍὉ߸ͺѦүೞขЦ҄ễỄӈẲẟʙಅؾễầỤفႩ ᵆҥˮᾉ ΕόẆҘӨᵇ ẔắӋᎋẕ FY11 1Q FY12 1Q ࠀ FY12 1H ܱጚṞ ܱጚṟ ṟὼṞ 4/26πᘙ͌ ٥ ɥ ᭗ 4,319 4,193 - 126 9,200 փ ಅ М Ⴉ 122 149 +27 220 ኺ ࠝ М Ⴉ 103 142 +39 180 ࢘ М Ⴉ 43 200 +157 90 ᝤ٥Өૠ(ݱ٥) 267 239 - 28 516 ᝤ٥Өૠ(ҵ٥) 252 258 +6 564 ạẼ ᵭᵣᵫӨૠሁ (20) (22)
Slide 3: Sales Volume by Region (Q1 consolidated)
2 ؏עКᝤ٥Өૠܱጚ ẔЭ࠰ӷݣൔᾉݱ٥ἫὊἋẕ ଐ ଐ ஜ ஜ ҅ ҅ ߸ ߸ ỴἊỴὉẸỉ˂؏ע ỴἊỴὉẸỉ˂؏ע ӳ ӳ ᚘ ᚘ ẎЭ࠰ӷݣൔفถẏ -4 -8 - 18 +2 - 28 (-12%) (-26%) (-28%) (+1%) (-11%) ᵆҥˮᾉҘӨẆݱ٥ᵇ 267 140 㪢㪛㪆 44 239 138 㪧㪧㪚 ί17ήὸ ਛ᧲䊶 16 44 䍏䍪䍶䍔 21 ί18ήὸ 18ήὸ 23 64 ਛධ☨ 23 ⽕Ꮊ 17 17 䍹䍚䍏ઁ 23 46 䊶㪥㪱 223 ቢᚑゞ ί83ήὸ 195 34 30 8 ί82ήὸ
Slide 4: Operating Income Variance Analysis
3 փಅМႩفถЎௌ ẔЭ࠰ӷݣൔẕ ᵆҥˮᾉ Εόᵇ FY11 1Q FY12 1Q ὺ27Εό ܱጚ ܱጚ +48 -3 +19 -4 - 33 Ẹỉ˂ ᝤ٥ᝲ Өૠῒᆔ ನሁ ໝ ஆ ᝲሁ ἅἋἚ˯ถ 149 122 ؏עК ٥ɥἾὊἚ ίҥˮᾉόᵇ ଐஜᾉ +6 FY11 FY12 ҅ᾉ -3 ἛἽ 82 80 ߸ᾉ - 11 ἸὊἿ 118 106 ỴἊỴὉ ᝍἛἽ 88 82 +27 Ẹỉ˂ᾉ ἑỶἢὊ 2.70 2.56
Slide 5: Non-operating Income and Net Income
4 ኺࠝМႩὉ࢘МႩ ẔЭ࠰ӷݣൔẕ ᵆҥˮᾉ Εόᵇ FY11 1Q FY12 1Q ࠀ ܱጚṞ ܱጚṟ ṟὼṞ փ ಅ М Ⴉ 122 149 +27 փ ಅ ٳႩ - 19 -7 +12 ኺ ࠝ М Ⴉ 103 142 +39 ཎ К Ⴉ - 60 +58 +118 ӏỎඥʴᆋሁ ࢘ М Ⴉ 43 200 +157
Slide 6: Balance Sheet
5 ͈ݣༀᘙ ẔЭ࠰ࡇݣൔẕ ᵆҥˮᾉ Εόᵇ FY11 FY12 1Q فถ ί’12/ 3உὸ ί’12/6உὸ ငӳᚘ 13,213 12,320 - 893 ạẼ ྵ᪳ 3,116 3,000 - 116 ٥ɥͺೌ 1,462 1,143 - 319 Ẻễҵင 1,875 1,780 - 95 ͺӳᚘ 10,557 9,740 - 817 ạẼ ˁλͺѦ 3,174 2,805 - 369 ஊМ܇ͺ 3,481 3,004 - 477 ኝငӳᚘ 2,656 2,580 - 76
Slide 7: FY2012 Forecast Revisions
6 ᵐᵎᵏᵐ࠰ࡇɥὉᡫಅጚᙸᡫẲ̲ദ Ẕᵒᵍᵐᵔπᘙ͌ݣൔẕ ɥίᵐᵯካᚘὸಅጚᙸᡫẲᾉᵏᵯܱጚử៊ộảᙸႺẲ ᡫಅጚᙸᡫẲᾉ߸ဃင˟܇ᅈỉఇࡸᜯบ᧙ᡲڂửጢụᡂỚ ᵆҥˮᾉ ΕόᵊᴾҘӨᵇ ‸⁋‣․‒ɥ ‸⁋‣․‒ɥ ࠀ ‸⁋‣․ᡫ ‸⁋‣․ᡫ …‡․ πᘙ͌Ⅎ ‡‥•πᘙ͌ℳ ℳ‟Ⅎ …‡․ πᘙ͌ ‡‥•πᘙ͌ ٥ ɥ ᭗ 9,200 9,200 ᶠ0 19,800 19,800 փಅМႩ 220 300 +80 700 800 ኺࠝМႩ 180 260 +80 520 620 ࢘МႩ 90 200 +110 250 130 ᝤ٥Өૠᵆݱ٥ᵇ 516
Slide 8: Forecast Revision Overview
7 ộểỜ ᵐᵎᵏᵐ࠰ࡇᵏᵯܱጚᾉ߸ͺѦүೞขЦ҄ễỄӈẲẟʙಅؾễầỤفႩ ¾ ᝤ ٥ Ө ૠᵆݱ٥ᵇᾉ Э࠰ӷൔ ᵏᵏήถݲỉᵐᵑᵗҘӨ ỴἊỴ˂ỂЭ࠰ӷửɥׅỦầ߸˂ầถݲ ¾ ᝤ ٥ Ө ૠᵆҵ٥ᵇᾉ Э࠰ӷൔ ᵑήفьỉᵐᵓᵖҘӨ ỴἍỴὅầཏࡽẲỴἊỴ˂ỂЭ࠰ӷửɥׅỦ ¾ ٥ ɥ ᭗ ᾉ Э࠰ӷൔ ᵑήถӓỉ ᵒᵊᵏᵗᵑΕό ໝஆỉό᭗ࢨ᪪ ¾ М Ⴉ ᾉ փಅМႩ ᵏᵒᵗΕόẆኺࠝМႩ ᵏᵒᵐΕόẆ࢘МႩ ᵐᵎᵎΕό ḤЭ࠰ӷൔỂẸủẹủ ᵐᵕΕόẆᵑᵗΕόẆᵏᵓᵕΕόỉفႩ ό᭗ࢨ᪪ửӨૠὉᆔನሁỉોծởᝲሁἅἋ
Slide 9: Reference Materials
8 ช˄૰ ᣂဳ䉫䊨䊷䊋䊦䉮䊮䊌䉪䊃䉦䊷䇺䊚䊤䊷䉳䊠䇻
Slide 10: Sales Volume Forecast by Region (1H)
9 ؏עКᝤ٥Өૠ Ẕɥᚘဒᵍᵏᵯܱጚᾉݱ٥ἫὊἋẕ ଐ ଐ ஜ ஜ ҅ ҅ ߸ ߸ ỴἊỴὉẸỉ˂؏ע ỴἊỴὉẸỉ˂؏ע ӳ ӳ ᚘ ᚘ ίҥˮᾉҘӨẆݱ٥ὸ ᚘဒỉૠ͌Ị ᵕஉᵑᵎଐπᘙỉૼɥᚘဒ ᚘဒỉί ὸϋỉૠ͌Ị ᵒஉᵐᵔଐπᘙỉɥᚘဒ 1H 504 239 (516) 287 140 (290) 1Q 96 46 74 30 1H (75) 47 23 (103) 1Q (48) FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 1Hᚘဒ 1Qܱጚ 1Hᚘဒ 1Qܱጚ 1Hᚘဒ
Slide 11: Sales Volume Forecast Revision (1H, April 26 vs July 30)
10 ؏עКᝤ٥Өૠᚘဒ Ẕɥᚘဒ4/26πᘙ͌ݣൔᾉݱ٥ἫὊἋẕ ଐ ଐ ஜ ஜ ҅ ҅ ߸ ߸ ỴἊỴὉẸỉ˂؏ע ỴἊỴὉẸỉ˂؏ע ӳ ӳ ᚘ ᚘ Ẏᵒᵍᵐᵔπᘙ͌ݣൔفถẏ -1 -1 -7 -3 - 12 (- 1%) (- 3%) (- 6%) (- 1%) (- 2%) ᵆҥˮᾉҘӨẆݱ٥ᵇ 516 504 㪢㪛㪆 88 86 㪧㪧㪚 ί17ήὸ 290 287 ί17ήὸ 17ήὸ ਛ᧲䊶 䍏䍪䍶䍔 34 33 ਛධ☨ 49 45 ⽕Ꮊ 34 33 103 䊶㪥㪱 428 418 96 ቢᚑゞ ί83ήὸ ί83ήὸ 83ήὸ
Slide 12: Sales Volume Forecast Revision (Full Year)
11 ؏עКᝤ٥Өૠᚘဒ Ẕᡫᚘဒ4/26πᘙ͌ݣൔᾉݱ٥ἫὊἋẕ ଐ ଐ ஜ ஜ ҅ ҅ ߸ ߸ ỴἊỴὉẸỉ˂؏ע ỴἊỴὉẸỉ˂؏ע ӳ ӳ ᚘ ᚘ Ẏᵒᵍᵐᵔπᘙ͌ݣൔفถẏ ᶠ0 ᶠ0 - 13 +15 +2 (Ḙ) (Ḙ) (- 6%) (+3%) (ᶠ0%) ᵆҥˮᾉҘӨẆݱ٥ᵇ 1,088 1,090 㪢㪛㪆 195 194 607 622 㪧㪧㪚 ί18ήὸ ί18ήὸ 18ήὸ ਛ᧲䊶 䍏䍪䍶䍔 75 74 ਛධ☨ 98 90 ⽕Ꮊ 72 221 䊶㪥㪱 72 208 ቢᚑゞ 893 896 ί82ήὸ 82ήὸ 167 1
Slide 13: Results by Region (Q1)
12 ؏עКಅጚ ẔˁӼעКẆᵏᵯЭ࠰ӷݣൔẆᵐᵎᵏᵐ࠰ࡇɥᙸᡫẲẕ ᵆҥˮᾉ Εόᵇ 4/26πᘙ 7/30πᘙ FY11 1Q FY12 1Q فถ FY12ɥ FY12ɥ ܱጚṞ ܱጚṟ ṟᵋṞ ᚘဒ ᚘဒ ٥ ɥ ᭗ 4,319 4,193 - 126 9,200 9,200 ὼଐஜ 761 745 - 16 1,800 1,850 ὼ҅ 413 430 +17 800 800 ὼ߸ 1,177 981 - 196 2,200 2,150 ὼỴἊỴὉẸỉ˂ 1,968 2,037 +69 4,400 4,400 փಅМႩ 122 149 +27 220 30
Slide 14: Full-Year Forecast by Region
13 ؏עКಅጚᙸᡫẲ ẔˁӼעКẆᵐᵎᵏᵐ࠰ࡇᡫᙸᡫẲݣൔẕ ᵆҥˮᾉ Εόᵇ 4/26πᘙ 7/30πᘙ فถ FY12 ᡫ FY12 ᡫ ᚘဒṞ ᚘဒṟ ṟᵋṞ ٥ ɥ ᭗ 19,800 19,800 㫧0 ὼଐஜ 4.000 4.050 +50 ὼ҅ 1,700 1,700 㫧0 ὼ߸ 4,700 4,450 - 250 ὼỴἊỴὉẸỉ˂ 9,400 9,600 +200 փಅМႩ 700 800 +100 ὼଐஜ 80 70 - 10 ὼ҅ - 280 - 260 + 20 ὼ߸ - 270 - 350 - 80 ὼỴἊỴὉẸỉ˂ 1,170 1,340
Slide 15: FY2012 Financial Results Highlights
14 ᵐᵎᵏᵐ࠰ࡇಅጚᙸᡫẲἇἰἼὊ Ẕᵏᵏ࠰ࡇᵍᵏᵐ࠰ࡇẆɥᵍᡫКẕ ᵆҥˮᾉ ΕόᵊҘӨᵇ ᵤᵷᵐᵎᵏᵏ ᵤᵷᵐᵎᵏᵐ ᵒᵍᵐᵔπᘙ ᵕᵍᵑᵎπᘙ ᵒᵍᵐᵔπᘙ ᵕᵍᵑᵎπᘙ ɥܱጚ ᡫܱጚ ɥᚘဒ ɥᚘဒ ᡫᚘဒ ᡫᚘဒ ٥ ɥ ᭗ ᵗᵊᵎᵕᵓᴾ ᵏᵖᵊᵎᵕᵑᴾ ᵗᵊᵐᵎᵎᴾ ᵗᵊᵐᵎᵎᴾ ᵏᵗᵊᵖᵎᵎᴾ ᵏᵗᵊᵖᵎᵎᴾ փಅМႩ ᵑᵒᵐᴾ ᵔᵑᵕᴾ ᵐᵐᵎᴾ ᵑᵎᵎᴾ ᵕᵎᵎᴾ ᵖᵎᵎᴾ ኺࠝМႩ ᵐᵑᵑᴾ ᵔᵎᵗᴾ ᵏᵖᵎᴾ ᵐᵔᵎ ᵓᵐᵎᴾ ᵔᵐᵎᴾ ࢘МႩ ᵏᵎᵔᴾ ᵐᵑᵗᴾ ᵗᵎᴾ ᵐᵎᵎᴾ ᵐᵓᵎᴾ ᵏᵑᵎᴾ ᝤ٥Өૠίݱ٥ὸ ᵓᵏᵗᴾ ᵏᵊᵎᵎᵏᴾ ᵓ
Slide 16: New Mirage Overview
15 ૼẒἱἻὊἊἷẓỉ৲λ ἑỶỂỉڤᛦễᇌẼɥầụỆዓẨẆଐஜӼẬЈᒵڼ ẒἱἻὊἊἷẓỉἅὅἍἩἚ Ὁ Ẑ˯༓ᝲẑ ẐἅὅἣἁἚẑ Ẑ˯̖ẑỉɭမဦ Ὁ ẐέᡶỆấẬỦࣖݣؾẑӏỎẐૼᐻỆ ấẬỦỺὅἚἼὊỽὊẑểẲềἂἿὊἢἽỆ৲λ Ὁ ٻʴᵓʴỉ˰އᆰ᧓ửᄩ̬ẲẺἋἴὊἽỽὊ Ὁ ૼႆᵏᵌᵎ㘫 ᵄᴾᵏᵌᵐ㘫 ᵑൢለỺὅἊὅ ὺ ӧ٭ἢἽἨἑỶἱὅἂೞನᵆᵫᵧᵴᵣᵡḤᵏᵇ ૼẒᵫᵧᵰᵟᵥᵣᴾίἱἻὊἊἷὸẓଐஜˁಮ ỴỶἛἽἋἚἕἩἉἋἘἲᵆᵟᵱᵄᵥḤᵐᵇ ถᡮỺἽἀὊׅဃἉἋἘἲ ᆰൢỉ৽৴˯ถể˳ỉ᠉҄
Slide 17: New Outlander Overview
16 ૼẒỴỸἚἻὅἒὊẓỉ৲λ ૼẒỴỸἚἻὅἒὊẓỉἅὅἍἩἚ Ὁ ἁἻἋἚἕἩἾἫἽỉ˯༓ᝲẆ˯ᵡᵭᵐửܱྵẴỦΟủẺࣱؾᏡ ૼႆỉӧ٭ѣࡰೞನửဇẲẺૼᵫᵧᵴᵣᵡḤᵏỺὅἊὅ ᐯᅈႆἁἼὊὅἙỵὊἎἽỺὅἊὅ ỴỶἛἽἋἚἕἩἉἋἘἲίᵟᵱᵄᵥḤᵐὸ Ỻἅᢃ᠃ૅੲἉἋἘἲ Ὁ έᡶܤμ২ᘐỉဇỆợỦ᭗ẟܤμࣱᏡ ᡙࢼೞᏡ˄ẨἁἽὊἌἅὅἚἿὊἽ ዴᏮᜩإễỄ Ὁ ɥឋỂ̅ẟѨỉᑣẟỶὅἘἼỴ ဃငئ Ὁ ئ߃ޢẆἿἉỴỂỉྵעဃင ૼẒỴỸἚἻὅἒὊẓ ᝤ٥ڼ Ὁ ʻٰợụἿἉỴửỊẳỜẆ߸
Slide 18: Outlander PHEV Overview
17 ࣖݣؾᵱᵳᵴᴾẒᵫᵧᵲᵱᵳᵠᵧᵱᵦᵧᴾᵡᶍᶌᶁᶃᶎᶒᴾᵮᵶᵋᵫᶇᵣᵴΤẓ ɤᓛἩἻἂỶὅἡỶἨἼἕἛᵣᵴἉἋἘἲ ὉႸᾔᾥឥᘍុᩉ ᾉ ᵓᵎᶉᶋᴾˌɥ ᵐᵎᵏᵏ࠰ிʮἴὊἑὊἉἹὊЈԼᾟᾗᾔᾥ ὉႸᑋዓӧᏡុᩉ ᾉ ᵖᵎᵎᶉᶋᴾˌɥ Ḫẓ ẒᵫᵧᵲᵱᵳᵠᵧᵱᵦᵧᴾᵡᶍᶌᶁᶃᶎᶒᴾᵮᵶᵋᵫᶇᵣᵴḪ ὉႸᙐӳ༓૰ෞᝲྙ ᾉ ᵔᵎᶉᶋᵍᾛ ˌɥ ἉἋἘἲನ ᵏᵌᵣᵴἅὅἯὊὅἚ ὉᬝѣဇἢἕἘἼὊ ὉЭࢸỉἴὊἑὊ ὉЭࢸỉỶὅἢὊἑὊ ᵐᵌỺὅἊὅὉ༓૰ἑὅἁ ᵑᵌἊỹἾὊἑὊ
Slide 19: Electric Vehicle Launch Timeline
18 ᩓѣἉἋἘἲ᠍ỉޒਘٻ ᵐᵎᵎᵗ࠰ࡇ ᵐᵎᵏᵎ࠰ࡇ ᵐᵎᵏᵏ࠰ࡇ ᵐᵎᵏᵐ࠰ࡇ Ὁ ἧἼὊἚᝤ٥ 㪇㪐ᐕ㪎䌾 Ὁ ɟᑍᝤ٥ 㪈㪇ᐕ㪋䌾 Ὁ ẐᵫẑẐᵥẑỉᾁἂἾὊἛޒ 㪈㪈ᐕ㪎䌾 ଐ ஜ 䇺㫀㪄㪤㫀㪜㪭䇻 䇺㪤㪠㪥㪠㪚㪘㪙㪄㪤㫀㪜㪭䇻 シ䊃䊤䉾䉪㪜㪭 ᠉ՠဇᩓൢᐯѣ 㪈㪈ᐕ㪈㪉䌾 ᠉ἚἻἕἁ ᠉ἚἻἕἁ EV PHEV ᝤ٥ܱጚᾉᵏᵌᵒҘӨ ᝤ٥ܱጚᾉᵐᵌᵔҘӨ ᝤ٥ܱጚᾉᵓҘӨ 䇺㪚㫆㫅㪺㪼㫇㫋㩷㪧㪯㪄㪤㫀㪜㪭 㪠㪠䇻 Ὁ ӫἡὅἛἽ ίᬐลẆỶἀἼἋ˂ὸ 㪇㪐ᐕ⑺䌾 Ὁ ߸ ίἡὅἛἽࠊئԃớὸ/ᵮᵱᵟἩἊἹὊὉἉἚἿỺὅᅈӼẬ ෙ ٳ
Slide 20: MINICAB-MiEV Overview
19 ૼɭˊᩓൢᐯѣ Ẓᶇᵋᵫᶇᵣᵴẓ ೞᏡὉᘺͳỉΪܱẲẺɥኢἂἾὊἛẐᵥẑ ܱឋᵏᵖᵖɢόỉỺὅἚἼὊἂἾὊἛẐᵫẑ 䊶৻ల㔚ⴕ〒㔌 䋺 㪈㪏㪇㫂㫄䋨㪡㪚㪇㪏䊝䊷䊄䋩 㪈㪏㪇㫂㫄 䊶৻ల㔚ⴕ〒㔌 䋺 㪈㪉㪇㫂㫄䋨㪡㪚㪇㪏䊝䊷䊄䋩 㪈㪉㪇㫂㫄 䊶㔚ᳰኈ㊂ 䋺 㪈㪍㪅㪇㫂㪮㪿 䊶㔚ᳰኈ㊂ 䋺 㪈㪇㪅㪌㫂㪮㪿 䊶䊝䊷䉺䊷ᦨᄢജ 䋺 㪋㪎㫂㪮 䌛㪍㪋㪧㪪䌝 䊶䊝䊷䉺䊷ᦨᄢജ 䋺 㪊㪇㫂㪮 䌛㪋㪈㪧㪪䌝 䊶ల㔚ᤨ㑆 ᥉ㅢల㔚 䋺 㪎ᤨ㑆䋨ḩల㔚䋩 ᤨ㑆 䊶ల㔚ᤨ㑆 ᥉ㅢల㔚 䋺 㪋㪅㪌ᤨ㑆䋨ḩల㔚䋩 ᤨ㑆 ᕆㅦల㔚 䋺 㪊㪇ಽ䋨㪏㪇㩼ల㔚䋩 ᕆㅦల㔚 䋺 㪈㪌ಽ䋨㪏㪇㩼ల㔚䋩㶎㪉 䊶ଔᩰ
Slide 21: i-MiEV Overview
20 ᠉ՠဇᩓൢᐯѣ Ẓᵫᵧᵬᵧᵡᵟᵠᵋᵫᶇᵣᵴẓ ỊẺỤẪἁἽἰờᩓൢᐯѣồ ἱἝỿἵἨὉἱὊἨỊẆ ᩓ൷ܾỉီễỦ ᾁếỉἑỶἩửắဇॖẲềẟộẴẇ ܱឋᵐᵎᵐɢόỉᾒᾓ ᵏᵔᵌᵎᶉᵵᶆˁಮ ܱឋᵏᵕᵑɢόỉᾒᾓ ᵏᵎᵌᵓᶉᵵᶆˁಮ 䊶৻ల㔚ⴕ〒㔌 䋺 㪈㪌㪇㫂㫄䋨㪡㪚㪇㪏䊝䊷䊄䋩 㪈㪌㪇㫂㫄 䊶৻ల㔚ⴕ〒㔌 䋺 㪈㪇㪇㫂㫄䋨㪡㪚㪇㪏䊝䊷䊄䋩 㪈㪇㪇㫂㫄 䊶㔚ᳰኈ㊂ 䋺 㪈㪍㪅㪇㫂㪮㪿 䊶㔚ᳰኈ㊂ 䋺 㪈㪇㪅㪌㫂㪮㪿 䊶䊝䊷䉺䊷ᦨᄢജ 䋺 㪊㪇㫂㪮 䌛㪋㪈㪧㪪䌝 䊶䊝䊷䉺䊷ᦨᄢജ 䋺 㪊㪇㫂㪮 䌛㪋㪈㪧㪪䌝 䊶ల㔚ᤨ㑆 ᥉ㅢల㔚 䋺 㪎ᤨ㑆䋨ḩల㔚䋩 ᤨ㑆 䊶ల㔚ᤨ㑆 ᥉ㅢల
Slide 22: Cautionary Notes
21 ஜ૰Ệᚡ᠍ẰủềẟỦݩஹỆ᧙ẴỦᚡᡓửԃớഭӪႎʙܱˌٳỉẴỔềỉᚡ ᡓỊẆྵໜỆấẬỦ࢘ᅈỉʖยẆࢳẆႸẆेܭẆᚘဒẆᚸ̖ሁửؕᄽểẲề ᚡ᠍ẰủềẟỦờỉỂẴẇộẺẆʖेૠ͌ửምܭẴỦẺỜỆẆɟܭỉЭ੩ίˎܭὸử ဇẟềẟộẴẇẮủỤỉᚡᡓộẺỊЭ੩ίˎܭὸỆếẟềỊẆẸỉࣱឋɥẆܲᚇႎỆ ദᄩỂẝỦểẟạ̬ᚰởݩஹẸỉᡫụỆܱྵẴỦểẟạ̬ᚰỊẝụộẶỮẇẮủỤ ỉᚡᡓộẺỊЭ੩ίˎܭὸầẆܲᚇႎỆỊɧദᄩỂẝẾẺụẆݩஹܱྵẲễẟҾ׆ ểễỦἼἋἁᙲ׆ởɧᄩܭᙲ׆ỉạẼẆྵܭेנẲạỦɼᙲễờỉểẲềỊẆஜᚘ ဒ
Slide 23: Drive @earth
Drive @earth MITSUBISHI_MOTORS SS ».