Toyota Motor Corp. · TSE:7203
Toyota Motor — Q4 2022 Earnings Presentation
25 slides from Toyota Motor's earnings presentation, May 11, 2022
Slide 1: FY2022 Financial Results
GR COROLLA FY2022 Financial Results Toyota Motor Corporation May 11, 2022 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements and Caution concerning Insider Trading
Cautionary Statement with Respect to Forward-Looking Statements 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 known and u
Slide 3: Summary of Fiscal Year Ended March 2022
Summary of Fiscal Year Ended March 2022 Result：Operating income 2,995.6 billion yen - Under the production constraints due to the spread of COVID-19 and semiconductor shortages, dealers, suppliers, and production sites worked tirelessly in order to deliver as many cars as possible to customers. - De
Slide 4: FY2022 Financial Performance
FY2022 Financial Performance 4
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,955 7,646 8,230 107.6% Japan 8,000 2,240 1,924 90.5% N. America 2,125 6,000 Europe 2,394 103.5% 2,713 2,313 Asia 4,000 1,017 106.0% 1,029 Other 959 2,000 1,543 126.3% 1,600 Central and 1,222 South America, Oceania, 1,027 1,352 131.7% 1,372
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary ‘20.4-‘21.3 ‘21.4-‘22.3 Change (Ref.) ‘19.4-‘20.3 (billions of yen) Sales Revenues 27,214.5 31,379.5 +4,164.9 29,866.5 Operating Income 2,197.7 2,995.6 +797.9 2,399.2 Margin 8.1% 9.5% 8.0% Other Income 734.6 994.8 +260.2 393.7 560.3 ＊1 Share of Profit (Loss) of Investm
Slide 7: Analysis of Consolidated Operating Income
Analysis of Consolidated Operating Income (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： +280.0 2,995.6 -220.0 -92.1 2,197.7 Increase or Decrease in Other *4 -360.0 +860.0 Expenses and Expense +610.0 Cost Marketing Reduction Efforts *3
Slide 8: Geographic Operating Income
Geographic Operating Income 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 Incl. China (excl. investments accounted for using the equity method of as
Slide 9: China Business / Financial Services
China Business / Financial Services (Ref.) China Business Financial Services Operating Income of Chinese Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. M
Slide 10: Shareholder Return
Shareholder Return TOYOTA 10
Slide 11: Shareholder Return: Dividends
‘18.3-‘19.3：US GAAP Shareholder Return : Dividends '20.3-'22.3：IFRS Year-end dividend is 28 yen per share (+1 yen YoY) We will continue to aim to pay stable and sustainable dividends while maintaining and improving upon our consolidated dividend pay-out ratio benchmark of 30%. Year-end Dividend
Slide 12: Shareholder Return: Share Repurchases
‘18.3-‘19.3：US GAAP Shareholder Return : Share Repurchases '20.3-'22.3：IFRS We will continue to implement share repurchases in a flexible manner, taking into account various factors including investment in growth, dividend levels, liquidity, share price levels, and other factors. （billions of yen）
Slide 13: FY2023 Financial Forecasts
FY2023 Financial Forecasts 13
Slide 14: FY2023 Forecasts: Consolidated Vehicle Sales
FY2023 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,230 8,850 107.5% Japan 8,000 2,050 106.5% N. America 1,924 Europe 6,000 2,394 2,600 108.6% Asia 4,000 1,017 1,100 108.2% Other Central and 2,000 1,543 1,670 108.2% South America, Oceania, 1,352 1,430 105.8% Africa, 0 The M
Slide 15: FY2023 Forecasts: Consolidated Financial Summary
FY2023 Forecasts: Consolidated Financial Summary （billions of yen） FY2022 Results FY2023 Forecasts Change ‘21.4-‘22.3 ‘22.4-‘23.3 Sales Revenues 31,379.5 33,000.0 +1,620.5 Operating Income 2,995.6 2,400.0 -595.6 Margin 9.5% 7.3% Other Income 994.8 730.0 -264.8 Share of Profit (Loss) of Investments 5
Slide 16: Analysis of FY2023 Forecasts: Consolidated Operating Income
Analysis of FY2023 Forecasts: Consolidated Operating Income Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -775.0 2,995.6 +195.0 2,400.0 Effects of FOREX -440.0 -15.6 Rates *1 Increase or Decrease in Other *4 -1,150.0 +815.0 Expenses an
Slide 17: (Ref.) 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 *The analysis is a simple aggregate of the changes in FY2021 as compared to FY2020 swap valuation gains/lo
Slide 18: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 3,000 Japan 2,500 2,208 2,134 96.7％ 2,097 N.America 2,000 612 498 81.3％ 583 Europe 1,500 Asia 630 589 93.6％ 600 Other 1,000 280 257 91.8％ 252 Central and 425 South America, 500 374 113.6％ 345 Oceania, 312 366 117.2％ 317 Africa, The
Slide 19: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) ‘21.1-3 ‘22.1-3 Change (Ref.) ‘20.1-3 Sales Revenues 7,689.3 8,112.4 +423.1 6,899.3 Operating Income 689.8 463.8 -225.9 359.9 Margin 9.0% 5.7% 5.2% Other Income 372.5 289.1 -83.4 39.2 144.8 ＊1 Share of Profit (Loss) of Investments Ac
Slide 20: (Ref.) Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： -350.0 689.8 +165.0 -195.0 -15.0 Effects of Cost Reduction Effects of Marketing 463.8 FOREX Rates *1 Efforts Activities *2 -140.0
Slide 21: (Ref.) Geographic Operating Income (3 months)
(Ref.) Geographic Operating Income (3 months) 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 Incl. China (excl. investments accounted 612 630 589 （93.6
Slide 22: (Ref.) China Business / Financial Services (3 months)
(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Chinese Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses from Interest
Slide 23: (Ref.) Transition of Financial Performance
’19/3：US GAAP (Ref.) Transition of Financial Performance ’20/3 – ’23/3：IFRS Net Income Attributable to Consolidated Vehicle Sales Sales Revenues (trillions of yen) Operating Income (billions of yen) Toyota Motor Corporation (thousands of vehicles) Operating Margin(%) (billions of yen) 33.0 9.5 Net M
Slide 24: (Ref.) FY2023 Forecasts: Vehicle Production and Retail Sales
(Ref.) FY2023 Forecasts: Vehicle Production and Retail Sales （thousands of vehicles） FY22 Results FY23 Forecasts ’21.4-’22.3 Change ’22.4-’23.3 Japan 2,761 3,000 +239 Vehicle 生産 Overseas 5,809 6,700 +891 Toyota & Lexus Production *1 Total 8,570 9,700 +1,130 Retail Japan 1,396 1,400 +4 生産 Vehicle Sal
Slide 25: (Ref.) Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales Customers Toyota- and Lexus- brand vehicles Toyota and Lexus Vehicle Sales Number of vehicles produced fo