Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2006 Earnings Presentation
23 slides from Toyota Motor's earnings presentation, Feb 7, 2006
Slide 1: FY2006 3Q Financial Results
FY2006 3Q Financial Results Three months ended December 31, 2005 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 7, 2006
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements This report 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 factors
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 T
Slide 4: Takashi Hata, Managing Officer
Takashi Hata Managing Officer 4
Slide 5: Consolidated Financial Summary (Q3)
Consolidated Financial Summary (Q3) FY2006 Q3 FY2005 Q3 Changes (‘05/10-12) (‘04/10-12) (billions of yen) (billions of yen) (billions of yen) %(*) Net Revenues 5,333.3 4,644.0 689.3 14.8 Operating Income 482.2 422.9 59.3 14.0 Income before income taxes, minority interest and equity in earnings of 63
Slide 6: Positive trend in Q3 operating income
Positive trend in Q3 operating income Quarterly changes in operating income (billions of yen) FY2005 FY2006 450 400 350 Q1 Q2 Q3 (billions of yen) Operating Q1-Q2 Q1-Q3 Q1 Q2 Q3 Income YTD YTD FY2005 448.6 417.6 866.2 422.9 1,289.2 FY2006 405.1 404.3 809.4 482.2 1,291.7 Changes (43.5) (13.3) (56.8)
Slide 7: Consolidated Financial Summary (YTD): Favorable trends
Consolidated Financial Summary (YTD) : Favorable trends FY2006 YTD FY2005 YTD Changes (‘05/4-12) (‘04/4-12) (billions of yen) (billions of yen) (billions of yen) %(*) Net Revenues 15,286.5 13,669.7 1,616.8 11.8 Operating 1,291.7 1,289.2 2.5 0.2 Income Income before income taxes, minority interest an
Slide 8: Contributing Factors to Consolidated Operating Income
Contributing Factors to Consolidated Operating Income Increases in Expenses - 132.2 (billions of yen) Cost Reduction -R&D expenses, Depreciation Efforts +30.0 482.2 500 and CAPEX related costs, (59.3) Labor Costs etc. - 87.7 -Special Factors - 44.5 450 Change in the accounting of depreciation, 422.9
Slide 9: Contributing Factors to Consolidated Operating Income
Contributing Factors to Consolidated Operating Income Increases in Expenses - 132.2 (billions of yen) - R&D Expense, Depreciation Cost Reduction Efforts + 30.0 482.2 500 Labor Cost etc. -87.7 (59.3) - Special Factor - 44.5 Changes in the accounting Valuation loss of swap, etc. 450 422.9 400 Marketin
Slide 10: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) [2,007] 2,000 [1,885] 1,980 (+141) 1,839 303 (+ 57) 246 1,500 195 217 (+ 22) 249 246 (- 3) 1,000 576 643 (+ 67) 500 573 571 (- 2) 0 '04/10-12 '05/10-12 Japan N. America Europe Asia Other Figures in brackets show total retail unit sales of Toyota/Lex
Slide 11: Geographic Operating Income: Japan
Geographic Operating Income: Japan (billions of yen) 702 538 568 573 550 536 571 300 281.1 253.0 237.6 237.3 259.3 188.4 197.5 200 100 0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 '05/7-9 '05/10-12 Operating Income (billions of yen) Consolidated vehicle sales (thousand of units) - Vehicle production
Slide 12: Geographic Operating Income: North America
Geographic Operating Income: North America (billions of yen) 641 604 643 572 554 576 569 150 137.8 129.8 127.8 130.7 127.8 114.9 100 75.0 50 0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 '05/7-9 '05/10-12 Operating Income (billions of yen) Consolidated vehicle sales (thousands of vehicles) - 67k vehic
Slide 13: Geographic Operating Income: Europe
Geographic Operating Income: Europe (billions of yen) 247 229 249 254 256 242 246 40 35.4 30.9 30 26.5 26.6 23.4 20 15.7 16.7 10 0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 '05/7-9 '05/10-12 Operating Income (billions of yen) Consolidated vehicle sales (thousands of units) - Plan to introduce new RA
Slide 14: Geographic Operating Income: Asia
Geographic Operating Income: Asia (billions of yen) 253 229 219 217 50 202 184 195 39.8 38.6 40 35.6 30 25.2 24.4 25.1 19.1 20 10 0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 '05/7-9 '05/10-12 Operating Income (billions of yen) Consolidated vehicle sales (thousands of vehicles) - Sales rose by 22k ve
Slide 15: Geographic Operating Income: Other
Geographic Operating Income: Other (Africa, South and Central America, etc.) (billions of yen) 284 303 241 246 272 232 225 20 19.2 17.0 15 13.3 14.1 14.7 11.6 10 8.4 5 0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 '05/7-9 '05/10-12 Operating Income (billions of yen) Consolidated vehicle sales (thousan
Slide 16: Business Segment: Financial Services
Business Segment: Financial Services (billions of yen) Operating Income 56.5 58.7 50 46.2 46.8 43.8 39.4 39.7 40 30 20 10 0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 '05/7-9 '05/10-12 - Valuation losses from interest rate swaps at TMCC: -13.4 bil. yen - Prior-year adjustment at TMCC: -7.6 bil. yen 1
Slide 17: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies (billions of yen) 45.8 41.3 39.3 40 34.7 35.6 35.1 30 24.1 20 10 0 '04/4-6 '04/7-9 '04/10-12 '05/1-3 '05/4-6 '05/7-9 '05/10-12 - Favorable performance mainly by domestic group affiliates and Chinese joint venture companies. 17
Slide 18: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) FY2006 Q3 FY2005 Q3 Changes (‘05/10-12) (‘04/10-12) (billions of yen) (billions of yen) (billions of yen) %(*) Net Sales 2,661.8 2,333.3 328.5 14.1 Operating 233.2 145.2 88.0 60.6 Income Ordinary 352.3 252.6 99.7 39.5 Income Net Income 245.0 155.7 89.3 5
Slide 19: Contributing Factors to Unconsolidated Income
Contributing Factors to Unconsolidated Income (billions of yen) 233.2 (+88.0) Increases in R&D expenses, etc. - 62.0 R&D expenses, Depreciation, Labor costs etc. (Changes in the accounting - 23.5) 200 Cost Reduction Efforts +20.0 150 145.2 Marketing Effots (volume, mix, etc.) +20.0 100 Special Facto
Slide 20: FY2006 Consolidated Prospects: Vehicle Sales
FY2006 Consolidated Prospects: Vehicle Sales (thousands of vehicles) 7,950 (+542) 8,030 8,000 7,408 1,120 1,110 (+176) 7,000 944 860 (+ 27) 900 6,000 833 1,040 (+ 61) 1,040 5,000 979 4,000 2,271 2,570 2,550 (+299) 3,000 2,000 2,381 2,360 (- 21) 2,430 1,000 0 04/4-05/3 <Reference> 05/4-06/3 Prospects
Slide 21: FY2006 Consolidated Prospects: CAPEX, Depreciation, R&D
FY2006 Consolidated Prospects: CAPEX, Depreciation, R&D Capital Depreciation* R&D Expenditure Expenses Expenses (billions of yen) (billions of yen) (billions of yen) Consolidated 1,400.0 (+312.8) 880.0 (+104.2) 800.0 (+44.9) Japan 840.0 (+165.0) 560.0 ( + 71.6) North 250.0 ( + 96.3) 160.0 ( + 7.0) A
Slide 22: FY2006 Toyota's Operations Prospects
<Reference Material> FY2006 Toyota’s Operations Prospects FY2005 Prospects FY2004 (05/4-06/3) (04/4-05/3) thousands of units thousands of units Automotive Japan 3,840 3,749 Production Overseas 3,740 3,127 Sales (Japan) 1,760 1,805 Exports 2,130 1,982 Sales (Overseas) 5,670 5,044 units units Housing
Slide 23: FY2006 3Q Financial Result
FY2006 3Q Financial Result Three months ended December 31, 2005 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 7, 2006