Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 2021 Earnings Presentation
15 slides from Nissan Motor's earnings presentation, Jul 28, 2021
Slide 1: Fiscal Year 2021 First-Quarter Financial Results
FISCAL YEAR 2021 FIRST-QUARTER FINANCIAL RESULTS Nissan Motor Co., Ltd. July 28th, 2021 FY21 Q1 RESULTS FY21 OUTLOOK 2
Slide 2: FY21 Q1 Automotive Trend and Sales Performance
FY21 Q1 AUTOMOTIVE TREND GLOBAL TOTAL INDUSTRY GLOBAL NISSAN Total Industry Volume*1 (K units) Nissan Retail Sales (K units) +63% +66% Digital influenced sales*2 *1: Nissan estimation *2: Sales in U.S., PRC, JPN and MEX 3 FY21 Q1 SALES PERFORMANCE RETAIL VOLUME vs. FY20 Q1 1,048 GLOBAL +63% 90 JAPAN
Slide 3: Core Model and New Model Performance
CORE MODEL PERFORMANCE Retail segment share Value recognition ROGUE USA Customer face transaction price +22% Q1 vs. LY Net revenue per unit +28% Q1 vs. LY Segment share Transaction price trend SYLPHY CHINA Dec 2020 =1 Q1 Q2 5 CORE MODEL / NEW MODEL PERFORMANCE Segment share NOTE JAPAN NOTE Aura Net
Slide 4: Nissan NEXT: Status as of FY21 Q1
NISSAN NEXT: STATUS AS OF FY21 Q1 Rationalization (Fixed cost) Quality of Sales (Net revenue) Operating profit breakeven volume* Net revenue per unit (vs. FY19 ave.) • ~350B JPY cost reduction and breakeven volume from 5.0M to 4.4M Approx. Approx. 5.0 M units 4.4 M units FY18 FY21~ * Sales volume in
Slide 5: Financial Performance
FINANCIAL PERFORMANCE (TSE REPORT BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN) +2.8 75.7 +43.2 +193.2 -153.9 +4.7 -14.3 FY20 FOREX RAW SALES MONOZUKURI OTHER FY21 MATERIALS PERFORMANCE PERFORMANCE Q1 O.P. Q1 O.P. 9 FINANCIAL PERFORMANCE (TSE REPORT BASIS) FY20 FY21 (BILLION YEN) VARIANCE
Slide 6: FY21 Outlook
FY21 Q1 RESULTS FY21 OUTLOOK 11 FY21 OUTLOOK (TSE REPORT BASIS) FY21 FY21 VARIANCE (BILLION YEN) FY20 PREVIOUS REVISED VARIANCE vs PREVIOUS ACTUAL vs FY20 OUTLOOK*1 OUTLOOK OUTLOOK*1 RETAIL VOLUME 4,052 4,400 4,400 +348 - (K. units) RETAIL VOLUME excluding China 2,595 2,870 2,870 +275 - (K. units) N
Slide 7: FY21 Outlook: Operating Profit Variance Analysis
FY21 OUTLOOK (TSE REPORT BASIS) OPERATING PROFIT VARIANCE ANALYSIS FY21 REVISED OUTLOOK vs. FY20 ACTUAL and vs. PREVIOUS OUTLOOK* (BILLION YEN) +655.0 -150.0 335.0 -185.0 150.0 -150.7 -20.0 FY20 FOREX / PERFORMANCE INVESTMENT FOR FY21 BUSINESS RISKS FY21 ACTUAL REGULATORY NEW VEHICLE REVISED REVISED
Slide 8: Electrification Ramp-up in Each Market
ELECTRIFICATION RAMP-UP IN EACH MARKET EVs Kei-EV e-POWER expansion 15 COMPETITIVENESS ENHANCEMENT Maximizing Alliance collaboration Nissan Intelligent Factory CMF-EV platform EV36ZERO To add CMF-EV photo 16
Slide 9: Electrification and Beyond
ELECTRIFICATION AND BEYOND Blue Switch Battery Ecosystem 17 DRIVING INNOVATION TO ENRICH PEOPLE’S LIVES Driving mobility and beyond 18
Slide 10: Appendix: Sales Financing Results
Appendix 19 (BILLION YEN) NET OPERATING TOTAL PENETRATION NET CREDIT REVENUE PROFIT ASSETS LOSS RATIO 263.9 271.1 97.7 9,234.6 8,786.9 53% 63.0 48% 0.79% 0.21% FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 FUNDING SOURCES AS OF JUNE 2021 • Strong profit and penetrat
Slide 11: Sales Financing: Penetration and Net Credit Loss Ratio
SALES FINANCING PENETRATION (%) NFS NMAC NCF NRFM DNAF/DNFL 100 90 80 70 60 48% 50 5% 26% 1% 2% 2% 40 25% 4% 19% 30 6% 48% 46% 49% 48% 20 34% 33% 10 28% 32% 27% 26% 0 FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 LEASE NFS: Nissan Financial Services (Japan) NRFM: NR
Slide 12: Sales Financing: Operating Profit and Assets
SALES FINANCING OPERATING PROFIT & ASSET FY20 FY21 VARIANCE Q1 Q1 NFS Asset: 1,380.8 Asset: 1,355.7 Asset: -25.1 (billion yen) OP: 8.6 OP: 9.0 OP: +0.4 NMAC Asset: 52,181 Asset: 44,734 Asset: -7,447 (million USD) OP: 273 OP: 530 OP: +257 NCF Asset: 8,546 Asset: 8,059 Asset: -487 (million CAD) OP: 54
Slide 13: Financial Performance: Free Cash Flow and Inventory
FINANCIAL PERFORMANCE (TSE REPORT BASIS) FREE CASH FLOW (AUTO BUSINESS) (BILLION YEN) FY21 Q1 NET CASH INFLOW FROM P&L ITEMS +23.3 AP/AR -244.6 INVENTORY -27.1 TAX/OTHER OPERATING ACTIVITIES +6.3 CASH FLOW FROM OPERATING ACTIVITIES -242.1 CAPEX*1 -88.0 OTHERS +155.7 *2 FREE CASH FLOW -174.4 Q1 FY20
Slide 14: Net Cash by Business Segment
NET CASH BY BUSINESS SEGMENT (TSE REPORT BASIS) AS OF MARCH 31, 2021 AS OF JUNE 30, 2021 (BILLION YEN) AUTOMOBILE AUTOMOBILE SALES SALES & TOTAL & TOTAL FINANCING FINANCING ELIMINATIONS ELIMINATIONS BORROWINGS FROM 2,094.6 5,504.6 7,599.2 1,872.0 5,476.9 7,348.9 THIRD PARTIES INTERNAL LOAN TO SALES
Slide 15: Forward-looking statements
This presentation contains forward-looking statements, based on judgments and estimates that have been made on the basis of currently available information. By nature, such statements are subject to uncertainty and risk. Therefore, you are advised that the final results might be significantly differ