Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2002 Earnings Presentation
26 slides from Toyota Motor's earnings presentation, May 13, 2002
Slide 1: Toyota Motor Corporation Earnings Release April 2001 - March 2002
Toyota Motor Corporation Earnings Release April 2001 - March 2002 Figures calculated in accordance with Japan GAAP Ryuji Araki Executive Vice President May 13, 2002 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements This release 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 factor
Slide 3: Caution concerning insider trading
Caution concerning insider trading: Under Japanese securities laws and regulations (the "Regulations"), although there are 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 tra
Slide 4: I. Consolidated Financial Summary
I. Consolidated Financial Summary 4
Slide 5: Note: Accounting Procedures
Note: Accounting Procedures 1. Japan GAAP ! US GAAP figures will be released in late July 2. Scope of Consolidation and Application of Equity Method 00/3 01/3 02/3 changes changes Consolidated Subsidiaries 425 +20 445 +119 564 Equity Method 49 +2 51 -1 50 5
Slide 6: Consolidated Results Summary
Consolidated Results Summary FY 2002 FY 2001 Changes (01/4-02/3) (00/4-01/3) Net billions of yen billions of yen billions of yen Sales * 15,106.2 13,424.4 +1,681.8 Operating billions of yen billions of yen billions of yen Income * 1,123.4 870.1 +253.3 Ordinary billions of yen billions of yen billion
Slide 7: Vehicle Production
Vehicle Production [5,887] [5,983] Toyota Overseas 5,404 Hino Japan thousands of units Daihatsu Japan 6,000 (+129) 5,002 5,275 Toyota Japan 5,500 5,000 4,458 1,177 1,375 (+198) 4,500 1,139 Hino (Japan) 27 4,000 1,004 （Fm Oct 01 675 638 3,500 651 ） To Mar 02） 367 3,000 2,500 Japan Total 3,454 3,863 4
Slide 8: Vehicle Sales
Vehicle Sales [5,909] [5,817] 5,784 Thousands of units 6,000 5,526 (+258) Hino Overseas 75 Daihatsu Overseas 5,182 80 Toyota Overseas 5,000 4,695 98 Hino Japan 59 Daihatsu Japan 4,000 Toyota Japan 3,124 3,481 2,907 Overseas Total 2,707 2,766 3,005 3,204 3,000 3,567(+363) Hino Overseas 11 Hino Japan
Slide 9: Regional Production and Sales
Regional Production and Sales Production Changes Sales Changes (thousand units) (thousand units) (thousand units) (thousand units) Japan 4,029 -69 2,217 -105 North America 793 -14 1,780 +46 Europe * 309 +133 866 +175 All Others * 273 +79 921 +142 * Adjusted to reflect 12-months period (thousands of
Slide 10: Contributions to Operating Income
Contributions to Operating Income Increase of 253.3 billion yen Positive Factors Negative Factors 670.0 billion yen 416.7 billion yen • Cost savings 260.0 • Sales-side loss -90.0 • Favorable exchange rates 410.0 • Increased R&D costs, labor cost and IT, etc. -326.7 10
Slide 11: Business Segment
Business Segment Net Sales Operating Income (billions of yen) (billions of yen) (+1,969.9) (+265.4) Automotive 13,909.9 1,078.0 Financial (+128.8) (+37.5) Services 693.3 68.6 (-346.0) (+1.1) All Other 819.4 0.9 Note: Amounts in parentheses represent changes from previous fiscal year 11
Slide 12: Geographical Segment
Geographical Segment Net Sales Operating Income (billions of yen) (billions of yen) (+477.7) (+200.0) Japan 10,533.7 870.3 (+867.5) (+59.8) North America 5,832.3 265.6 (+547.4) (+10.6) Europe 1,594.4 -12.4 (+457.7) (+9.9) All Other 1,400.4 19.7 Note: Amounts in parentheses represent changes from pre
Slide 13: Geographical Segment
Geographical Segment Net Sales Operating Income (billions of yen) (billions of yen) (+477.7) (+200.0) Japan 10,533.7 870.3 (+867.5) (+59.8) North America 5,832.3 265.6 (+547.4) (+10.6) Europe 1,594.4 -12.4 (+457.7) (+9.9) All Other 1,400.4 19.7 Note: Amounts in parentheses represent changes from pre
Slide 14: Capital Expenditure / Depreciation
Capital Expenditure / Depreciation Capital Expenditure Depreciation (billion yen) (billion yen) Parent 257.9 254.7 Domestic Subsidiaries 273.4 196.0 N. American Subsidiaries 251.3 156.2 European Subsidiaries 88.4 57.2 Other Regions 69.3 35.1 Total 940.3 699.2 14
Slide 15: II. Unconsolidated Financial Summary
II. Unconsolidated Financial Summary 15
Slide 16: Unconsolidated Results Summary
Unconsolidated Results Summary FY 2002 FY 2001 Changes (01/4-02/3) (00/4-01/3) billions of yen billions of yen billions of yen Net Sales * 8,284.9 7,903.5 +381.4 billions of yen billions of yen billions of yen Operating Income * 748.9 506.8 +242.1 billions of yen billions of yen billions of yen Ordi
Slide 17: Shareholders' Return (1)
Shareholders’ Return (1) Annual Aggregate Value of Dividend Payout Shares Canceled • 28 yen per share • 129.2 billion yen Total Dividend Payout Additional amount = 101.5 billion yen authorized for cancellation • Payout Ratio 21.6% at BOD on May 13: Previous year= 27.8% 143.0 billion yen Total Return
Slide 18: Shareholders' Return (2)
Shareholders’ Return (2) #Dividend Payout : Increasing Steadily #Accumulative Value of Shares Canceled : 921.9 billion yen (Incl. the 143 bil yen scheduled during FY2003) 400 Billion yen 143.0 billon yen repurchased 120% during FY2002 and canceled 100% 300 during FY2003 200 ・ 80% 60% 40% 100 ¥28/Sha
Slide 19: III. Prospects for FY 2003
III. Prospects for FY 2003 19
Slide 20: FY 2003 Consolidated Prospects
FY 2003 Consolidated Prospects Vehicle Capital Depreciation R&D Sales Expenditures Expenses Expenses (thousands of units) (billions of yen) (billions of yen) (billions of yen) (+200) (+39.7) (+10.8) (+57.5) Consolidated 5,980 980.0 710.0 650.0 (+60) (+18.7) (-0.7) (Japan) 2,280 550.0 450.0 (+90) (+3
Slide 21: Unconsolidated Automotive Operation Targets
Unconsolidated Automotive Operation Targets FY 2003 FY 2002 (02/4-03/3) (01/4-02/3) thousands of units thousands of units Automotive Japan 3,260 3,364 Production Overseas 2,150 1,833 Sales (Japan) 1,750 1,720 Exports 1,600 1,708 Sales (Overseas) 3,700 3,609 units units Housing Sales 3,400 3,095 21
Slide 22: FY 2003 Prospects (Unconsolidated)
FY 2003 Prospects (Unconsolidated) FY 2003 FY 2002 Changes (02/4-03/3) (01/4-02/3) billions of yen billions of yen billions of yen Net Sales 8,300.0 8,284.9 15.1 billions of yen billions of yen billions of yen Operating Income 750.0 748.9 1.1 billions of yen billions of yen billions of yen Ordinary
Slide 23: Share Repurchase up to 600 Billion Yen or up to 170 Million Shares
Share Repurchase Authorized Amount of Repurchase up to 600 Billion Yen or up to 170 Million Shares between Annual General Shareholders’ Meetings 2002 and 2003 23
Slide 24: IV. Stable Growth
IV. Stable Growth 24
Slide 25: Long-term Stable Profits
Long-term Stable Profits (Trillions of yen) (Yen/$) 4.5 160 4.0 Cumulative Net Income 150 3.5 140 3.0 Forex Rate (Yen/Dollar) 130 2.5 120 2.0 110 1.5 100 1.0 0.5 90 0.0 80 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 * Consolidated Toyota figures based on Japan G.A.A.P. 25
Slide 26: Long-term Stable Growth of Market Value
Long-term Stable Growth of Market Value Market Value of Toyota Share at Tokyo Stock Exchange 350 Market Value of Toyota Share (4.4%) %= Aggregate Market Value of TSE 300 250 200 Changes in Aggregate Index Market Value 150 (1.4%) (Figures at 1991=100) 100 50 0 1991 1992 1993 1994 1995 1996 1997 1998