Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 FY2011 Earnings Presentation
19 slides from Nissan Motor's earnings presentation, Jul 27, 2011
Slide 1: FY2011 first-quarter financial results
FY2011 first-quarter financial results Nissan Motor Co., LTD. July 27, 2011 www.nissan-global.com Key performance indicators: financial results (billion yen) Net revenue Operating Net income Free cash flow Net debt profit (Auto) (Auto) 2,050.1 2,082.0 22.8 167.9 150.4 106.6 85.0 70.8 59.3 -314.8 FY1
Slide 2: Rapid recovery from the earthquake
FY11 1Q Business update Rapid recovery from the earthquake Plant Mar Apr May June Oppama 11th Apr Vehicle Tochigi 18th Apr Kyushu 13th Apr Yokohama 20th Mar P/T Iwaki 17th May 3 www.nissan-global.com FY11 1Q Business update Global Production in calendar base April to June total FY10 FY10 1Q FY11 1Q
Slide 3: Mid-term Plan NISSAN POWER 88 announcement
FY11 1Q Business update Mid-term Plan “NISSAN POWER 88” announcement POWER 8 Global market 8 Brand & sales power share by FY16 (%) Sustainable COP (%) 5 www.nissan-global.com FY11 1Q Business update Establishment of new minicar JV with Mitsubishi Motors 6 www.nissan-global.com
Slide 4: Global growth model: Tiida
FY11 1Q Business update Global growth model : Tiida Launching in China in 2nd quarter 7 www.nissan-global.com FY11 1Q Business update Lafesta Highway STAR 8 www.nissan-global.com
Slide 5: All-new product launches
FY11 all-new product launches 5 all-new global launches Europe Japan North America NV400 FWD Lafesta Highway STAR Infiniti JX NV400 RWD Versa sedan China Other markets Tiida New sedan Murano Juke All-new global launches Regional launches 9 www.nissan-global.com FY11 1st quarter sales performance FY1
Slide 6: Sales performance: Global and Japan
Sales performance: Global TIV* vs. FY10 Q1 Retail volume vs. FY10 Q1 19.08 Global +4.2% 1,056 Global +10.6% 18.31 0.77 Japan -33.1% 118 Japan -14.7% 3.95 North America +6.4% 954 (3.27) (US) (+6.6%) 294 North +5.9% America (220) (US) (+3.5%) 5.00 Europe +4.4% (thousand units) (million units) 170 Euro
Slide 7: Sales performance: China
Sales performance: China (Jan. to Mar.) Retail volume TIV increased 8.3% to 4.6 million units +22.6% (thousand units) 1Q sales in China increased 22.6% to 298 298 k units, thanks to Teana, 243 QASHQAI and Sunny FY11 2Q sales results continued to grow by 14% to 296.3 k units, market FY10 FY11 s
Slide 8: Sales performance: North America and Europe
Sales performance: North America Retail volume TIV increased 6.6%* to 3.3 million units in US (thousand units) +3.5%* Sales in US increased 3.5% to 220 k 212 220 units Canada: Sales up 7.7% to 25.3 k units, market share improved 0.2% to 5.3% FY10 FY11 1Q 1Q Mexico: Sales up 17% to 49.1 k uni
Slide 9: Sales performance: Other markets and Infiniti
Sales performance: Other markets Sales in Latin America increased 40.9% to 46.7 k units. Sales in Brazil increased 92.2% to 13.1 k units Retail volume Sales in Thailand increased 28.7% to (thousand units) +13.6% 16.7 k units Sales in Indonesia increased 22.9% to 154 154 176 11.6 k units FY10 F
Slide 10: Financial performance
FY11 1st quarter sales performance FY11 1st quarter financial performance FY11 Outlook 19 www.nissan-global.com FY11 1st quarter financial performance Change (billion yen) FY10 1Q FY11 1Q Variance vs. FY10 (%) Net revenue 2,050.1 2,082.0 +31.9 +1.6% Operating profit 167.9 150.4 -17.5 -10.4% OP margi
Slide 11: Operating profit variance analysis
FY11 1st quarter financial performance Operating profit variance analysis (billion yen) 167.9 +13.6 150.4 +7.8 +1.5 +45.0 +2.0 -55.0 -32.4 FY10 FOREX Raw Purch. Volume Selling R&D Sales FY11 1Q material cost / mix exp. exp. finance 1Q O.P. / energy reduction & O.P. cost Other items 21 www.nissan-glo
Slide 12: Inventory management and net debt
Inventory management Restoring inventory 1000 60 50 53 900 49 48 50 800 44 44 700 40 (thousand units) 600 680 690 630 (Days) 500 540 580 30 400 480 20 300 200 10 100 0 0 2010 2011 Mar Jun Sep Dec Mar Jun Dealer inventory, except some minor countries *Previous and current figures revised to reflect D
Slide 13: FY11 outlook
FY11 1st quarter sales performance FY11 1st quarter financial performance FY11 Outlook 25 www.nissan-global.com FY11 outlook (released June 23rd ) (billion yen) FY10 FY11* Variance Net revenue 8,773.1 9,400.0 +626.9 +7.1% Operating profit 537.5 460.0 -77.5 -14.4% OP margin 6.1% 4.9% -1.2% Ordinary p
Slide 14: Appendix
Rapid Recovery from Earthquake Global Product Success Nissan Power 88 Mid-term Plan 27 www.nissan-global.com Appendix 28 www.nissan-global.com
Slide 15: Sales financing: funding sources
Sales financing : Funding sources (As of June 2011) Equity 11.2% Group Finance ABS Off B/S (Inter-Company) 4.3% 26.0% Commercial ABS On B/S paper 17.6% 3.2% S/T Loan 4.1% Bonds Total funding amount 7.8% L/T Loan 3,826 billion yen 25.8% 29 www.nissan-global.com Retail Sales financing: penetration Lea
Slide 16: Sales financing: net credit loss ratio, operating profit and asset
Sales financing: net credit loss ratio FY10 FY11 1Q 1Q Variance Lease: 0.06% Lease: 0.06% Lease: 0.00% NFS Retail: 0.30% Retail: 0.27% Retail: -0.03% Lease: 0.29% Lease: 0.08% Lease: -0.21% NMAC Retail: 0.85% Retail: 0.46% Retail: -0.39% Lease: 0.27% Lease: 0.18% Lease: -0.09% NCF Retail: 0.32% Reta
Slide 17: Operating profit variance analysis and non-operating items
FY11 1st quarter financial performance Operating profit variance analysis (billion yen) 1. Foreign exchange impact -55.0 USD -48.7 (92.0 to 81.7) RUB -3.5 (3.04 to 2.92) CAD -2.2 (89.5 to 84.4) EUR* +0.5 AUD +1.9 (81.1 to 86.7) Others -3.0 2. Volume / mix +2.0 Japan -3.3 US -19.4 EUR +23.2 MEX&CAN -
Slide 18: Extraordinary gains/losses and free cash flow variance
FY11 1st quarter financial performance Detail of extraordinary gains/losses (billion yen) FY10 FY11 1Q 1Q Variance • Sale/disposal of fixed assets 4.7 -0.6 -5.3 • Sale of investment securities 1.4 7.8 +6.4 • Impairment loss on fixed assets -0.1 -2.1 -2.0 • Special addition to retirement benefits -0.
Slide 19: Detail of other markets retail sales
FY11 1st quarter retail sales FY11 1Q FY10 1Q Detail of other markets 120 90 76.9 (thousand units) 60 64.8 46.7 31.9 30 40.4 19.3 33.1 15.6 0 Asia & M.East Africa Latin Oceania America *Scope change between M.East and Africa 37 www.nissan-global.com 38 www.nissan-global.com