Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2018 Earnings Presentation
27 slides from Toyota Motor's earnings presentation, Feb 6, 2018
Slide 1: FY2018 Third Quarter Financial Results
FY2018 Third Quarter Financial Results e-Palette Concept (Consumer Electronics Show 2018 exhibition car) Toyota Motor Corporation February 6, 2018
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 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 f
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 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 To
Slide 4: FY2018 Third Quarter Financial Results
FY2018 Third Quarter Financial Results FY2018 Third Quarter Financial Performance FY2018 Financial Forecasts 4
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) FY2018 FY2018 3Q 9 months 3,000 8,000 (+35) (+9) 6,643 6,678 (+0.5%) 2,280 2,289 (+0.4%) Japan 6,000 1,613 1,639 (+26) N. America 2,000 534 552 (+18) Europe 4,000 2,145 2,132 (-13) Asia 745 735 (-10) Other 1,000 668 706 (+38) Central and 233 237 (+4
Slide 6: Consolidated Financial Summary (FY2018 Third Quarter)
Consolidated Financial Summary (FY2018 Third Quarter) (billions of yen) FY2018 3Q FY2017 3Q (’17/10-12) (’16/10-12) Change Net Revenues 7,605.7 7,084.1 +521.5 +7.4% Operating Income 673.6 438.5 +235.0 +53.6% Operating margin 8.9% 6.2% - - Income before income taxes and equity in earnings of affiliat
Slide 7: Analysis of Consolidated Operating Income (FY2018 Third Quarter)
Analysis of Consolidated Operating Income (FY2018 Third Quarter) (billions of yen) +5.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +5.0 673.6 +35.0 Marketing -35.0 +35.0 Cost Efforts *2 Increase in Other *4 Reduction Expenses, Efforts etc. *3 +195.0
Slide 8: Consolidated Financial Summary (FY2018 9 months)
Consolidated Financial Summary (FY2018 9 months) (billions of yen) FY2018 FY2017 9 months 9 months Change (’17/4-12) (’16/4-12) Net Revenues 21,796.9 20,154.7 +1,642.2 +8.1% Operating Income 1,770.1 1,555.4 +214.7 +13.8% Operating margin 8.1% 7.7% - - Income before income taxes and equity in earning
Slide 9: Analysis of Consolidated Operating Income (FY2018 9 months)
Analysis of Consolidated Operating Income (FY2018 9 months) (billions of yen) -105.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +135.0 -155.0 Cost Effects of -85.0 +24.7 1,770.1 Reduction Marketing Efforts Activities *2 Increase in Other *4 +295.0 Ex
Slide 10: Geographic Operating Income: Japan
Geographic Operating Income：Japan ● Operating Income (billions of yen) * Consolidated Vehicle Sales (thousands of vehicles) FY2018 3Q Operating Income* * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 471.1 billion yen FY2018 FY2018 (+259.9 billion yen year on year) 3Q 9 months Incr
Slide 11: Geographic Operating Income: North America
Geographic Operating Income：North America ● Operating Income (billions of yen) * Consolidated Vehicle Sales (thousands of vehicles) FY2018 3Q Operating Income* * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 27.0 billion yen FY2018 FY2018 (-74.3 billion yen year on year) 3Q 9 month
Slide 12: Geographic Operating Income: Europe
Geographic Operating Income：Europe ● Operating Income (billions of yen) * Consolidated Vehicle Sales (thousands of vehicles) FY2018 3Q Operating Income* * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 23.4 billion yen FY2018 FY2018 (+2.4 billion yen year on year) 3Q 9 months Increa
Slide 13: Geographic Operating Income: Asia
Geographic Operating Income：Asia ● Operating Income (billions of yen) * Consolidated Vehicle Sales (thousands of vehicles) FY2018 3Q Operating Income* * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 122.0 billion yen FY2018 FY2018 (+3.7 billion yen year on year) 3Q 9 months Increas
Slide 14: Geographic Operating Income: Central & South America, Oceania, Africa and Middle East
Central & South America, Geographic Operating Income : Oceania, Africa and The Middle East ● Operating Income (billions of yen) * Consolidated Vehicle Sales (thousands of vehicles) FY2018 3Q Operating Income* * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 34.1 billion yen FY2018 F
Slide 15: Financial Services Operating Income
Financial Services Operating Income (billions of yen) FY2018 FY2018 3Q 9 months 220.6 210.7 72.6 76.6 +4.0 +9.8 '16/10-12 '17/10-12 Change '16/4-12 '17/4-12 Change Operating Income 42.6 82.6 +39.9 194.8 227.3 +32.4 Valuation Gains/Losses from Interest Rate Swaps, etc. -29.9 +6.0 +35.9 -15.8 +6.6 +22
Slide 16: FY2018 Financial Forecasts
FY2018 Third Quarter Financial Results FY2018 Third Quarter Financial Performance FY2018 Financial Forecasts 16
Slide 17: FY2018 Forecasts: Consolidated Vehicle Sales
FY2018 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,950 8,950 (±0) 8,971 8,000 2,260 2,250 (-10) 2,274 Japan N. America Europe 6,000 Asia 2,790 2,810 (+20) 2,837 Other 4,000 Central and 970 960 (-10) 925 South America, Oceania, Africa, 2,000 1,550 1,550 (±0) 1,588 The Middl
Slide 18: FY2018 Forecasts: Consolidated Financial Summary
FY2018 Forecasts: Consolidated Financial Summary (billions of yen) New Forecasts Previous Forecasts FY2017 Results (’17/4-’18/3) (’17/4-’18/3) Change (’16/4-’17/3) Net Revenues 29,000.0 28,500.0 +500.0 27,597.1 Operating Income 2,200.0 2,000.0 +200.0 1,994.3 Operating margin 7.6% 7.0% - 7.2% Income
Slide 19: Analysis of FY2018 Forecasts: Operating Income (vs. Previous Forecasts)
Analysis of FY2018 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) (billions of yen) +130.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +5.0 2,200.0 +15.0 +95.0 Other *4 +20.0 2,000.0 +65.0 Cost Marketing Decrease in Efforts *2 Expen
Slide 20: Analysis of FY2018 Forecasts: Operating Income (vs. FY2017 Results)
Analysis of FY2018 Forecasts: Consolidated Operating Income (vs. FY2017 Results) (billions of yen) -55.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +140.0 -195.0 ±0.0 +20.7 2,200.0 Cost +240.0 Reduction Effects of Changes in Other *4 1,994.3 Efforts
Slide 21: Activities for Enhancement of Competitiveness
Activities for Enhancement of Competitiveness Accelerate Initiatives to realize a Mobility Society in the Future TNGA Electrification / Automated Driving / MaaS * - Collaboration with Panasonic. Promote further enhancement of - Challenges for popularization of electrified product appeal and cost red
Slide 22: FY2018 Third Quarter Financial Results
FY2018 Third Quarter Financial Results Lexus LF-1 Limitless (North American International Auto Show 2018 exhibition car) Toyota Motor Corporation February 6, 2018
Slide 23: (Reference) Equity in Earnings of Affiliated Companies
(Reference) Equity in Earnings of Affiliated Companies (billions of yen) FY2018 FY2018 3Q 9 months 400 150 1,500 4,000 358.8 (+100.8) 123.8 (+34.2) 350 3,500 300 3,000 258.0 100 1,000 89.6 250 2,500 Japan 252.0 (+91.4) 91.0 (+27.4) 200 2,000 China 160.6 63.5 150 1,500 Other 50 500 100 1,000 23.0 (+7
Slide 24: (Reference) Liquid Assets (Excluding Financial Services)
(Reference) Liquid Assets (Excluding Financial Services) Net Liquid Assets as of December 31, 2017 : 7,839.0 billion yen (+75.9 billion yen compared to March 31, 2017) (billions of yen) 〔Compared to March 31, 2017〕 Free Cash Flow (total) : +1,447.4 9,309.1 〔+109.6〕 +694.2 -781.5 1,470.1 Depreciation
Slide 25: (Reference) FY2018 Forecasts: R&D, CAPEX, Depreciation
(Reference) FY2018 Consolidated Forecasts: R&D, CAPEX, Depreciation (billions of yen) R&D Expenses Capital Expenditures 1,300 ● Depreciation Expenses 1,200 950.0 885.1 893.2 1,100 806.2 775.9 1,000 1,292.5 1,280.0 900 1,211.8 1,055.6 1,037.5 1,060.0 1,177.4 800 1,004.5 1,000.7 910.5 700 0 FY2014 FY2
Slide 26: (Reference) FY2018 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2018 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) New Forecasts Previous Forecasts Change (’17/4-’18/3) (’17/4-’18/3) T Japan 3,200 3,180 +20 o Vehicle y Production* 1 Overseas 5,750 5,770 -20 o t Total 8,950 8,950 ±0 a Japan 1,580 1,580 ±0 & L Retail 2 * Vehi
Slide 27: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Consolidated Vehicle Sales Distributors or Dealers outside consolidation Total Retail Vehicle Sales Customers Toyota- and Lexus- brand vehicles Toyota and Lexus Vehicle Sales P5, P17 Number of vehicle