Toyota Motor Corp. · TSE:7203
Toyota Motor — Q1 FY2007 Earnings Presentation
22 slides from Toyota Motor's earnings presentation, Aug 4, 2006
Slide 1: FY2007 First Quarter Financial Results
FY2007 First Quarter Financial Results Three months ended June 30, 2006 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation August 4, 2006
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 2 This report 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 fact
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 ) [ 2,208 ] [ 2,058 ] 2,091 (+143) 2,000 1,948 300 (+28) 272 193 (- 36) 1,500 229 308 (+52) 256 1,000 641 747 (+106) Other Asia 500 Europe N.America 550 543 (- 7) Japan 0 '05/4-6 '06/4-6 - Figures in brackets show total retail vehicle sales of Toy
Slide 6: Consolidated Financial Summary (Q1)
Consolidated Financial Summary (Q1) 6 ( billions of yen ) FY2007 Q1 FY2006 Q1 ( ‘06/4-6 ) Changes ( ‘05/4-6 ) Net Revenues 5,638.1 4,981.7 656.4 13.2% Operating Income 512.4 405.1 107.3 26.5% Income before income taxes, minority interest and equity in earnings of affiliated companies 554.6 421.8 132
Slide 7: Contributing Factors to Consolidated Operating Income
Contributing Factors to Consolidated Operating Income 7 (billions of yen) Cost Reduction 550 Increases in Expenses - 72.7 Efforts +20.0 512.4 Marketing Efforts R&D Expenses - 27.5 +60.0 (+107.3) Depreciation and 500 CAPEX related costs - 15.4 Labor Costs -12.5 Other Expenses - 17.3 450 405.1 400 Eff
Slide 8: Geographic Operating Income: Japan
Geographic Operating Income: Japan 8 1,316 1,231 500 1,177 1,123 1,068 408.9 400 281.1 293.0 300 188.4 197.5 707 200 550 536 571 543 100 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 Operating Income ( billions of yen ) Consolidated Vehicle Sales ( thousands of vehicles ) Consolidated Vehicle Producti
Slide 9: Geographic Operating Income: North America
Geographic Operating Income: North America 9 747 641 643 668 200 604 150 137.8 130.7 140.1 127.8 99.3 100 50 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 Operating Income ( billions of yen ) Consolidated vehicle sales ( thousands of vehicles ) - Significantly increased vehicle sales by 106k units. -
Slide 10: Geographic Operating Income: Europe
Geographic Operating Income: Europe 10 50 308 279 256 242 246 36.5 40 30 26.6 27.2 23.4 20 16.7 10 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 Operating Income ( billions of yen ) Consolidated vehicle sales ( thousands of vehicles ) - Operating income grew significantly with sales of new models such
Slide 11: Geographic Operating Income: Asia
Geographic Operating Income: Asia 11 229 219 217 215 50 193 39.8 38.6 40 35.6 31.5 30.0 30 20 10 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 Operating Income ( billions of yen ) Consolidated vehicle sales ( thousands of vehicles ) - Decreased vehicle sales due to weakening markets in Indonesia and T
Slide 12: Geographic Operating Income: Others
Geographic Operating Income: Others 12 303 300 284 292 272 25 19.2 20 17.0 16.3 15.9 14.7 15 10 5 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 Operating Income ( billions of yen ) Consolidated vehicle sales ( thousands of vehicles ) - Continued strong sales driven by IMV.
Slide 13: Business Segment: Financial Services
Business Segment: Financial Services 13 50 46.8 47.7 43.8 40 39.7 30 25.5 20 10 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 Operating Income ( billions of yen ) - Operating income increased following growth in the balance of captive finance. - Valuation gains from interest rate swaps: +6.6 bil. yen
Slide 14: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 14 56.2 50 45.8 47.8 40 35.6 35.1 30 20 10 0 '05/4-6 '05/7-9 '05/10-12 '06/1-3 '06/4-6 Equity in earnings of affiliated companies (billions of yen) - Strong performance by group affiliates in Japan and Chinese joint ventures.
Slide 15: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) 15 ( billions of yen ) FY2007 Q1 FY2006 Q1 Changes ( ‘06/4-6 ) ( ‘05/4-6 ) Net Sales 2,698.5 2,345.7 352.8 15.0% Operating Income 246.5 143.3 103.2 72.1% Ordinary Income 399.9 217.9 182.0 83.6% Net Income 277.6 152.7 124.9 81.8%
Slide 16: Contributing Factors to Unconsolidated Operating Income
Contributing Factors to Unconsolidated Operating Income 16 (billions of yen) Cost Reduction 246.5 Marketing Effort Effort +10.0 (+103.2) 250 +40.0 Increases in Expenses - 26.8 R&D Expenses - 25.0 200 Depreciation and CAPEX related costs - 3.8 Other Expenses +2.0 Effects of favorable FOREX Rates +80.
Slide 17: FY2007 Consolidated Prospects: Vehicle Sales
FY2007 Consolidated Prospects:Vehicle Sales 17 ( thousands of vehicles ) 8,450 (+476) 7,974 8,000 1,250 (+99) 1,151 7,000 850 (- 30) 880 6,000 1,160 (+137) 1,023 5,000 4,000 2,556 2,800 (+244) Other 3,000 Asia 2,000 Europe 1,000 2,364 2,390 (+26) N.America Japan 0 ‘05/4-‘06/3 ‘06/4-‘07/3 Results Pro
Slide 18: FY2007 Consolidated Prospects
FY2007 Consolidated Prospects 18 (billions of yen) Net Revenue: 22,300.0 Operating Income: 1,900.0 Net Income: 1,310.0 $ 110 yen FOREX Rate Assumptions € 135 yen
Slide 19: FY2007 Prospects: CAPEX, Depreciation, R&D
FY2007 Prospects: CAPEX, Depreciation, R&D 19 (billions of yen) Capital Depreciation R&D Expenditure Expenses Expenses Consolidated 1,550.0 (+ 21.2) 930.0 (+ 38.6) 920.0 (+ 107.4) Japan 850.0 (- 59.3) 590.0 (+ 21.1) North America 330.0 (+ 59.7) 165.0 (- 0.1) Europe 130.0 (- 0.5) 80.0 (+ 4.1) Asia 13
Slide 20: FY2007 Unconsolidated Prospects
FY2007 Unconsolidated Prospects 20 (billions of yen) Net Revenue: 11,000.0 Operating Income: 880.0 Net Income: 850.0
Slide 21: FY2007 Operation Prospects (Toyota/Lexus)
FY2007 Operation Prospects (Toyota/Lexus) 21 FY2007 FY2006 ( ‘06/4-‘07/3 ) ( ‘05/4-‘06/3 ) (thousands of units) (thousands of units) Japan 4,100 3,863 Production Overseas 4,060 3,731 Total 8,160 7,594 Sales (Japan) 1,780 1,769 Exports 2,350 2,126 Sales (Overseas) 6,250 5,664 Housing Sales 5,000 unit
Slide 22: FY2007 First Quarter Financial Results
FY2007 First Quarter Financial Results Three months ended June 30, 2006 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation August 4, 2006