Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2022 Earnings Presentation
25 slides from Toyota Motor's earnings presentation, 2022
Slide 1: Appreciation to customers and apology for production reduction
We would like to express our heartfelt appreciation to our customers around the world who chose us as well as our shareholders, dealers and suppliers who support us. We sincerely apologize for the inconvenience cause to our customers due to the recent production volume reduction. We will work to del
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements TOTOTA and 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 know
Slide 3: Summary of performance for fiscal year ended March 2022
First, let me explain the summary of our performances for the fiscal year ended March 2022. Under the production constraints due to the spread of COVID-19 and semiconductor shortages, dealers, suppliers, and production sites have all worked tirelessly in order to deliver as many cars as possible to
Slide 4: FY2022 Financial Performance
FY2022 Financial Performance TOYOTA
Slide 5: Vehicle sales for fiscal year ended March 2022
Let me explain our performance for the fiscal year ended March 2022. Consolidated vehicle sales for the period was at 8 million 230 thousand units, which was 107.6% of consolidated vehicle sales for the same period of the previous fiscal year. Toyota and Lexus brand vehicle sales was at 9 million 51
Slide 6: Consolidated financial results for this fiscal year
Consolidated financial results for this fiscal year were: Sales revenue of 31 trillion 379.5 billion yen, Operating income of 2 trillion 995.6 billion yen, Income before income taxes of 3 trillion 990.5 billion yen and Net income of 2 trillion 850.1 billion yen. 6
Slide 7: Factors impacting operating income year on year
I would like to explain the factors that impacted operating income year on year. First, the effects of foreign exchange rates increased operating income by 610 billion yen. Second, cost reduction efforts decreased operating income by a net of 360 billion yen. This consisted of a 280 billion yen incr
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, cost reduction and marketing efforts. 8
Slide 9: China business and Financial Services business
Next, let me explain about our business in China as well as our Financial Services business. As for our business in China, both the operating income of consolidated subsidiaries as well as our share of profit of investments accounted for using the equity method increased mainly due to the impact of
Slide 10: Shareholder Return
Shareholder Return TOYOTA 10 10
Slide 11: Return to shareholders: year-end dividend
Next, I would like to explain our return to shareholders. We plan to make a year-end dividend of 28 yen per share. We will continue to aim to pay stable and sustainable dividends while maintaining and improving upon our consolidated dividend payout ratio in the medium- to long-term, in order to rewa
Slide 12: Share repurchases
As for share repurchases, we set the maximum limit to 200 billion yen, including 100 billion yen set aside to enable more flexible share repurchase than before while considering share price levels, etc. With the aim to enhance capital efficiency, we plan to implement share repurchases in a flexible
Slide 13: FY2023 Financial Forecasts
FY2023 Financial Forecasts TOYOTA 13 13
Slide 14: FY2023 vehicle sales forecasts
Next, I will explain the forecasts for the fiscal year ending March 31, 2023. Consolidated vehicle sales is expected to be 8 million 850 thousand units, which is 107.5% of the previous fiscal year, with growth in sales expected in all regions. As for Toyota and Lexus brand vehicle sales, it is expec
Slide 15: FY2023 consolidated financial performance forecasts
Next, let me explain the forecasts for the full-year consolidated financial performance. We have adopted FOREX-rate assumptions of 115 yen per US dollar and 130 yen per euro. Based on this, our forecasts for the full-year consolidated financial performance are: Sales revenues of 33 trillion yen Oper
Slide 16: Factors impacting FY2023 operating income
Next, I would like to explain the factors that impacted operating income. First, the effects of foreign exchange rates are expected to increase operating income by 195 billion yen. Second, cost reduction efforts are expected to increase profits by 300 billion yen, while the impact of a sharp increas
Slide 17: Analysis of Consolidated Operating Income (vs FY2020)
(Ref.) Analysis of Consolidated Operating Income (vs FY2020) Consolidated Operating Income () Consolidated Vehicle Sales (thousands of vehicles) Excluding the overall impact of FOREX rates and swap valuation gains/osses, ete.: +290.0 | ee 2,399.2) EDO at ~ -210.0 +650.0 Increase or Other +355.0 Cost
Slide 18: Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) (thousands of vehicles) 3,000 2,500 2,208 2,134 96.7% 2,097 ey 612 498 81.3% 583 1,500 630 589 93.6% 600 1,000 280 257 91.8% 252 500 374 425 113.6% 345 P 312 366 117.2% 317 24.1.3 '22.1-3 YoY (Ref.)'20.1-3 Reference (retail) Toyota and Lexus Vehicle Sales
Slide 19: Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (villions 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 * 1
Slide 20: Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) TOYOTA billions of yen ( yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc: -350.0 689.8 . fF &§ aes Gi Cost Reduction — Effects of Marketing — if 463.8 Ronee Efforts Activities *2 -140.0 -40.9
Slide 21: Geographic Operating Income (3 months)
(Ref.) Geographic Operating Income (3 months) 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 cng na eco susing te eau metcs of arses 612 498
Slide 22: China Business / Financial Services (3 months)
(Ref.) China Business / Financial Services (3 months) TOYOTA (Ref.) China Business Financial Services HEE (Operating Income of Chinese Subsidiaries (billions of yen) [Share of Profit of Investments Accounted for Using the Equity Method of Chinese Associates and Joint Ventures (billions of yen) =O>&
Slide 23: Transition of Financial Performance
(Ref.) Transition of Financial Performance Consolidated Vehicle Sales Sales Revenues (trillions of yen) (thousands of vehicles) 33.0 8977 8955 | saan 8850 302 95 313 22 93 03 2130 23233 rr er ee eet Total Liquid Assets* Total Shareholder Return*® (billions of yen) (billions of yen) 415704 + Dividend
Slide 24: FY2023 Forecasts
(Ref.) FY2023 Forecasts (thousands of vehicles) Japan Vehicle Production Overseas “4 Total Retail Japan Vehicle Overseas Sales *2 Total Total Retail Vehicle Sales*? : Vehicle Production and Retail Sales FY22 Results '21.4-'22.3 2,761 5,809 8,570 1,396 8,116 9,512 10,381 *1 Including vehicle producti
Slide 25: Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles DAIHATSU Toyota- and Lexus- brand vehicles @TOYOoTA MOuLEais Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries iz g a 2 = @ 3 & = = Ss 2 2 Es > & uoNep