Mazda Motor Corp. · TSE:7261
Mazda Motor — Q1 FY2008 Earnings Presentation
24 slides from Mazda Motor's earnings presentation, Jul 31, 2008
Slide 1: FY2008 1st Quarter Results
FY2008 1st QUARTER RESULTS Mazda Kazamai at Moscow Automobile Salon Mazda Motor Corporation July 31, 2008 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE Overview FY2008 1st Quarter Results In Summary 2
Slide 3: Overview
OVERVIEW 3
Slide 4: Highlights
HIGHLIGHTS Sales grew to 358,000 units, up 11% year-over-year Despite strong global sales, operating profit declined to ¥28.3 billion due to raw material price hikes, a weaker US dollar and downturn in US industry Net income up to ¥15 billion On-track to achieve full year projections 4
Slide 5: FY2008 1st Quarter Results
FY2008 1st QUARTER RESULTS 5
Slide 6: FY2008 1st Quarter Financial Metrics
FY2008 1st QUARTER FINANCIAL METRICS (Billion yen) 1st Quarter Better/(Worse） FY2008 FY2007 Amount Pct. Revenue 771.8 814.3 (42.5) (5) % Operating profit 28.3 32.3 (4.0) (12) % Ordinary profit 22.9 21.2 1.7 8 % Profit Before Tax 22.6 19.4 3.2 16 % Net income 15.0 2.5 12.5 504 % ref. ： Net Income* 15
Slide 7: Key Data
KEY DATA 1st Quarter FY2008 FY2007 Change Global retail volume (000) 358 323 11 % Exchange rate Yen/US Dollar 105 121 ¥ (16) Yen/Euro 163 163 ¥ 0 7
Slide 8: Revenue Change
REVENUE CHANGE FY2008 1st Quarter Compared With FY2007 1st Quarter 9% Domestic 1% 10% Overseas 8% (Billion yen) 5% FY08 771.8 FY07 814.3 0% (5)% (4%) (5%) (10)% (10%) (15)% 5% Total Volume & Mix Exchange Accounting Method Change 8
Slide 9: Japan
JAPAN FY2008 1st Quarter Compared With FY2007 1st Quarter (000 units) 54 57 (4%) 50 New Demio and new Atenza continued to be strong Volume down 4% reflecting decreased industry demand for registered vehicles 0 FY2007 FY2008 9
Slide 10: North America
NORTH AMERICA FY2008 1st Quarter Compared With FY2007 1st Quarter (000 units) 109 108 0% 100 Canada, Canada, other other 34 33 (4%) 50 Strong sales of Mazda3 USA While industry declined 12% USA in the US, Mazda sales grew 76 3% 74 3％ Sales in Mexico continued strong 0 FY2007 FY2008 10
Slide 11: Europe
EUROPE FY2008 1st Quarter Compared With FY2007 1st Quarter (000 units) 93 78 100 20% 50 Strong sales of new Mazda2, CX-7 and Mazda3 contributed to growth Sales in Russia almost doubled from the prior year to 22,000 units, highest of any European country 0 Achieved sales growth in most counties excep
Slide 12: China
CHINA FY2008 1st Quarter Compared With FY2007 1st Quarter (000 units) 40 33 101% 30 20 16 Sales doubled with introductions of Mazda3 5-door hatch back and 10 Mazda5, in addition to new Mazda2 Sales of Mazda6 remained strong 0 Expanded sales network FY2007 FY2008 12
Slide 13: Other Markets
OTHER MARKETS FY2008 1st Quarter Compared With FY2007 1st Quarter (000 units) 100 69 9% 64 50 New Mazda2 and CX-9 contributed to growth Sales in Australia, Israel and South Africa remained strong Monthly sales reached a record in Australia for 18 0 consecutive months FY2007 FY2008 13
Slide 14: Operating Profit Change
OPERATING PROFIT CHANGE FY2008 1st Quarter Compared With FY2007 1st Quarter (Billion yen) 65 Vol & Mix Exchange 60 + 26.3 (17.0) 55 50 Product 45 Enhancement Net (3.2) Marketing CR Expense 40 FY2007 (0.6) (5.1) Other Costs 35 32.3 (4.4) FY2008 30 28.3 25 20 (4.0) from FY2007 14
Slide 15: Operating Profit Change
OPERATING PROFIT CHANGE FY2008 1st Quarter Compared With FY2007 1st Quarter (Billion yen) 〔Factors for increase〕 65 - Sales growth in all markets Vol & Mix Exchange except Japan 60 + 26.3 (17.0) - Strong sales of key models 55 US Dollar (13.0) Euro 0.5 50 Other (4.5) Product 45 Enhancement Net (3.2)
Slide 16: Operating Profit Change
OPERATING PROFIT CHANGE FY2008 1st Quarter Compared With FY2007 1st Quarter (Billion yen) 65 Product upgrades (2.9) Vol & Mix Exchange Regulations (0.3) 60 + 26.3 (17.0) Includes impact of 55 raw material price hikes 50 Product 45 Enhancement Net (3.2) Marketing CR Expense 40 FY2007 (0.6) (5.1) Othe
Slide 17: Operating Profit Change
OPERATING PROFIT CHANGE FY2008 1st Quarter Compared With FY2007 1st Quarter (Billion yen) 65 Vol & Mix Exchange 60 + 26.3 (17.0) Higher cost mainly in Europe 55 50 Product 45 Enhancement Net (3.2) Marketing CR Expense 40 FY2007 (0.6) (5.1) Other Costs 35 32.3 (4.4) FY2008 30 28.3 Higher R&D cost and
Slide 18: In Summary
IN SUMMARY 18
Slide 19: In Summary
IN SUMMARY Despite higher raw material prices and weak US conditions, operating profit declined only 12% due to strong global sales Net income improved to ¥15 billion Continue to pursue product-led growth On-track to achieve full year projections 19
Slide 20: FY2008 Financial Metrics
FY2008 FINANCIAL METRICS FY2008 (Billion yen) 1st Half 2nd Half Full Year Revenue 1,450.0 1,550.0 3,000.0 Operating Profit 50.0 65.0 115.0 Ordinary Profit 50.0 60.0 110.0 Profit Before Tax 45.0 55.0 100.0 Net Income 32.0 38.0 70.0 ROS 3.4 % 4.2 % 3.8 % EPS (Yen/Share) 22.7 27.0 49.7 20
Slide 21: 21
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Slide 22: Appendix
APPENDIX 22
Slide 23: Key Data
KEY DATA 1st Quarter FY2008 FY2007 Change Consol. Wholesales (000) Japan 56 57 (1) North America 102 97 5 Europe 83 68 15 China 6 0 6 Other Markets 71 58 13 Total 318 280 38 Global Retail Sales (000) Japan 54 57 (3) North America 109 108 1 Europe 93 78 15 China 33 16 17 Other Markets 69 64 5 Total 3
Slide 24: Disclaimer
DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including without limitation the conditions of the world economy in the future, the trend of the automotive industry and the risk of exchange-rate fluctuations. So, please be aware that Maz