Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2022 Earnings Presentation
25 slides from Toyota Motor's earnings presentation, 2022
Slide 1: Appreciation to stakeholders and apology for production reductions
We would like to express our heartfelt appreciation to all our stakeholders including customers around the world who chose us as well as our shareholders, dealers and suppliers who support us. At the same time, we sincerely apologize for the inconvenience caused to our customers due to the series of
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements and Wes Caution concerning Insider Trading 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 a
Slide 3: Nine months April to December 2021 overview
During the nine months from April to December 2021, despite negative factors such as constraints on supply due to the shortage of semiconductors and the spread of COVID-19, as well as the sharp rise in raw material costs, we achieved higher sales and profits as a result of promoting initiatives supp
Slide 4: FY2022 Third Quarter Financial Performance
FY2022 Third Quarter Financial Performance TOYOTA
Slide 5: Vehicle sales for the first nine months
Let me discuss our financial results for the first nine months from April to December 2021. Consolidated vehicle sales for such period was at 6 million 96 thousand units, which was 112.1% of consolidated vehicle sales for the same period of the previous fiscal year. Toyota and Lexus brand vehicle sa
Slide 6: Consolidated financial results for the first nine months
Consolidated financial results for the first nine months of this fiscal year were: Sales revenue of 23 trillion 267.0 billion yen, Operating income of 2 trillion 531.8 billion yen, Income before income taxes of 3 trillion 237.5 billion yen and Net income of 2 trillion 316.2 billion yen. 6
Slide 7: Factors impacting operating income year on year
I would like to explain the factors which impacted operating income year on year. First, the effects of foreign exchange rates increased operating income by 445 billion yen. Second, cost reduction efforts decreased operating income by 165 billion yen due to the impact of soaring material prices. Thi
Slide 8: Operating income by region
As shown, the operating income for each region increased year on year in all regions. This is largely due to the impact of foreign exchange rates and the increase in sales volume. 8
Slide 9: China business and Financial Services business
Next, let me explain our business in China as well as our Financial Services business. As for our business in China, there was an overall growth. The operating income of consolidated subsidiaries increased mostly due to the impact of foreign exchange rates. Also, our share of profit of investments a
Slide 10: Analysis of Consolidated Operating Income (vs FY2020 9 months)
TOYOTA (Ref.) Analysis of Consolidated Operating Income (vs FY2020 9 months) Consolidated Operating Income Excluding the overall impact of FOREX rates and Consolidated Vehicle Gales swap valuation yainsfusses, elc.: +200.0 Oe of vehicles) praetor gan ‘ _ 2,531.8 2,039.3 ———. .._ +5.0 #22.5 - -65.0_
Slide 11: FY2022 Financial Forecasts
FY2022 Financial Forecasts TOYOTA 11
Slide 12: Forecast for fiscal year ending March 31, 2022
Next, I will explain the forecasts for the fiscal year ending March 31, 2022. Consolidated vehicle sales is expected to be 8 million 250 thousand units, which is 96.5% of the previous forecast. Regional sales breakdown is as stated in the presentation. As for Toyota and Lexus brand vehicle sales, th
Slide 13: Vehicle production forecast reduced by 500 thousand units
The Toyota and Lexus vehicle production forecast has been reduced by 500 thousand units from the previous forecasts to 8.5 million units because of the uncertain outlook due to the spread of COVID-19 and the shortage of semiconductors. The plan for 8.5 million units is based on our taking into accou
Slide 14: Full-year consolidated financial forecasts
Next, let me explain the forecasts for full-year consolidated financial performance. We have adopted FOREX-rate assumptions for January onwards of 110 yen per dollar and 125 yen per euro, which makes the full year assumptions 111 yen per dollar and 129 yen per euro. Based on this, our forecasts for
Slide 15: Operating income factors versus previous forecast
I would like to explain the factors that will impact operating income year on year, as compared to the previous forecast. The operating income forecast remains the same as the previous forecast, taking into account the increase in operating income due to the revision of foreign exchange assumptions
Slide 16: Operating income factors versus prior fiscal year
The factors that will impact operating income compared to the same period of the previous fiscal year are as shown in the presentation. Although we continue to face unpredictable conditions with respect to supply, as well as issues such as the sharp rise in raw material costs, we will continue to wo
Slide 17: Analysis of FY2022 Forecasts: Consolidated Operating Income
(Ref.) Analysis of F¥Y2022 Forecasts: Consolidated Operating Income 0YOTA (FY2022 4Q Forecasts vs FY2021 4Q Results) (billions of yen) 689.8 _ Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc: -495.0 +95.0 oo Effects of =195.0 5.0 FOREX Cost “ Rates “1 , Ef
Slide 18: Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) (thousands of vehicles) 3,000 2,500 2,353 2,201 2,003 85.1% ; 2,000 592 u 516 482 81.3% me 1S 522 69.4% 668 ead 285 250 87.9% 248 500 392 413 105.2% 409 ° 331 336 101.7% 360 *20.10-12 *21.10-12 YoY (Ref.)'19.10-12 Reference (retail) Toyota and Lexus Vehic
Slide 19: Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) Sales Revenues Operating Income Margin Other Income Share of Profit (Loss) of Investments Accounted for Using the Equity Method Income before Income Taxes Net Income Attributable to Toyota Motor Corporation Margin US$ FOREX Rates € *
Slide 20: Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) billions of yen ( yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc: -405.0 987.9 i a -135.0 +190.0 138 _ Effects of Reduction -180.0 OO — FOREX Efforts Effects of . ; Rates “1 Marketing _|ncre
Slide 21: Geographic Operating Income (3 months)
(Ref.) Geographic Operating Income (3 months) Ud Es HEE Operating Income (billions of yen) (Excluding Valuation Gains/Losses from Interest Rate Swaps. etc) [ ] margin *---» Consolidated Vehicle Sales (thousands of vehicles) Japan N.America Europe Asia Other 753 forusng he auty motos of arses 592 Kaa
Slide 22: China Business / Financial Services (3 months)
(Ref.) China Business / Financial Services (3 months) WCE (Ref.) China Business Financial Services HEE Operating Income of Chinese Subsidiaries (billions of yen) Share of Proft of Investments Accounted for Using the Eaquity Method of Chinese Associates and Joint Ventures (billions of yen) =O> Toyota
Slide 23: Transition of Financial Performance
(Ref.) Transition of Financial Performance Consolidated Vehicle Sales (thousands of vehicles) 8,964 8,977 8,955 250 Total Liquid Assets*' (billions of yen) 11579. 4 10,193.3 Interest 9,372.4 9,454.4 Bearing — Debt Net Liquid 7,936.6 8,051.4 Assets 8.0259 6901.0 7,853.1 ms 93 mss aaa “1 Cash and cash
Slide 24: FY2022 Forecasts: Vehicle Production and Retail Sales
(Ref.) FY2022 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) Japan Vehicle Production Overseas 4 Total Retail Japan Vehicle Overseas Sales 2 Total Total Retail Vehicle Sales*2 (Including Daihatsu- & Hino- brand) +1 Including vehicle production by Toyota's unconsolidated entit
Slide 25: Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles DAIHATSU @TOYOTA Oueais Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries izJ 8 s rd 2 = 2 3 & = = s 2» @ Es 2 8 912g AIDIY9A EIU [eIOL UOep!|osuod api