Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2008 Earnings Presentation
29 slides from Toyota Motor's earnings presentation, Feb 5, 2008
Slide 1: FY2008 3Q Financial Results
FY2008 3Q Financial Results Three months ended December 31, 2007 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 5, 2008
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 2 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 unknown risks, uncertainties and other
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 3 Under Japanese Financial Instruments and Exchange Laws (the “Exchange Law”), 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 t
Slide 4: Takahiko Ijichi, Managing Officer
Takahiko Ijichi Managing Officer
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 (thousands of vehicles) 2,281 (+ 126) 2,155 2,000 435 (+ 95) Other 340 Central and 204 241 (+ 37) South America, Oceania, 306 308 (+ 2) Africa, The Middle and Near East etc. その他 1,000 アジア Asia 764 756 (- 8) 欧州 Europe 北米 N. America 541 541 (++- 0) 日本 Japan 0 change '06/10
Slide 6: Consolidated Financial Summary (3Q)
Consolidated Financial Summary (3Q) 6 (billions of yen) FY2008 3Q FY2007 3Q Change (’07/10-12) (’06/10-12) Net Revenues 6,709.9 6,146.5 563.4 9.2% Operating Income 601.5 574.7 26.8 4.7% Income before income taxes, minority interest and equity earnings of affiliated companies 652.7 615.9 36.8 6.0% Eq
Slide 7: Consolidated Financial Summary (9 months)
Consolidated Financial Summary (9 months) 7 (billions of yen) FY2008 FY2007 Change (’07/4-12) (’06/4-12) Net Revenues 19,722.1 17,618.4 2,103.7 11.9% Operating Income 1,873.7 1,668.2 205.5 12.3% Income before income taxes, minority interest and equity earnings of affiliated companies 2,014.9 1,782.0
Slide 8: Consolidated Financial Summary (3Q)
Consolidated Financial Summary (3Q) 8 (billions of yen) FY2008 3Q FY2007 3Q Change (’07/10-12) (’06/10-12) Net Revenues 6,709.9 6,146.5 563.4 9.2% Operating Income 601.5 574.7 26.8 4.7% Income before income taxes, minority interest and equity earnings of affiliated companies 652.7 615.9 36.8 6.0% Eq
Slide 9: Consistent Growth of Operating Income
Consistent Growth of Operating Income 9 1,873.7 (billions of yen) 2,238.6 (9 months) 2,000 1,878.3 570.5 1,666.8 1,672.1 586.7 601.5 1,500 383.0 [4Q] 497.5 574.7 422.9 482.2 1,000 [3Q] 401.6 596.7 581.0 417.6 404.3 500 [2Q] 427.0 675.4 448.6 512.4 [1Q] 340.7 405.1 0 '03/4-'04/3 '04/4-'05/3 '05/4-'06
Slide 10: Contributing Factors to Consolidated Operating Income
Contributing Factors to Consolidated Operating Income 10 (billions of yen) Cost Reduction Efforts 650.0 + 40.0 601.5 Effects of FOREX rates Marketing Efforts (+ 26.8) - 20.0 600.0 + 100.0 574.7 550.0 500.0 450.0 Increases in Expenses - 93.2 400.0 350.0 '06/10-12 '07/10-12 < Details of Increases in E
Slide 11: Geographic Operating Income: Japan
Geographic Operating Income: Japan 11 Quarterly Quarterly 99 months months total total Consolidated Vehicle Sales 1,279 3,565 + 1,169 1,307 FY07 1,171 * Exported Vehicle 3,564 1,223 (thousands of FY08 1,163 1,122 (billions of yen) vehicles) 1,200 1,162.7 1,067.9 (billions of yen) 391.4 389.4 396.6 3
Slide 12: Geographic Operating Income: North America
Geographic Operating Income: North America 12 Quarterly Quarterly 99 months months total total Consolidated 762 764 Vehicle Sales FY08 735 2,253 (thousands of 2,228 vehicles) FY07 747 756 717 714 (billions of yen) (billions of yen) 200 400 349.7 160.2 317.7 150 140.1 300 110.4 99.1 100.0 -32.0 100 9
Slide 13: Geographic Operating Income: Europe
Geographic Operating Income: Europe 13 Quarterly Quarterly 99 months months total total Consolidated Vehicle Sales 333 943 (thousands of FY08 302 308 895 vehicles) FY07 329 308 306 (billions of yen) (billions of yen) 281 50 100.8 102.4 100 40 38.5 36.5 36.5 34.8 34.0 30 29.5 29.8 -0.8 50 +1.6 20 10
Slide 14: Geographic Operating Income: Asia
Geographic Operating Income: Asia 14 Quarterly Quarterly 99 months months total total Consolidated 694 241 Vehicle Sales 222 230 (thousands of FY08 586 vehicles) FY07 (billions of yen) 193 189 204 203 (billions of yen) 200 181.0 80 67.1 64.3 150 60 49.6 100 89.4 40 30.0 31.3 28.1 28.2 20 50 +91.6 +3
Slide 15: Geographic Operating Income: Other
Central and Geographic Operating Income:Other South America, Oceania, Africa etc. 15 Quarterly Quarterly 99 months months total total Consolidated 435 1,146 Vehicle Sales 366 (thousands of 345 vehicles) FY08 977 (billions of yen) FY07 337 340 319 150 (billions of yen) 300 60 121.7 49.9 100 40 38.6 3
Slide 16: Overseas Operating Income by Region
Overseas Operating Income by Region 16 9 Months Total Other * Other * 11% 17% Asia 15% N.America 607.0 N.America Asia 722.8 44% billions 57% billions Europe of yen 25% of yen 17% Europe 14% ‘06/4-12 *Other: Central and South America, Oceania, Africa etc. ‘07/4-12 - Profit increase in growing markets
Slide 17: Business Segment: Financial Services
Business Segment: Financial Services 17 Quarterly Quarterly 99 months months total total Loan Balance 13.7 13.4 13.9 (trillions of yen) FY08 FY07 11.1 12.3 12.6 (billions of yen) 11.6 150 47.7 48.3 121.2 (billions of yen) 41.3 40 37.3 100 98.7 32.2 29.5 -22.5 20.9 20 50 -20.4 0 0 '06/4-12 '07/4-12 6
Slide 18: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 18 Quarterly Quarterly 99 months months total total (billions of yen) 81.8 (billions of yen) 224.2 80 79.1 200 63.3 66.1 60 56.2 54.0 155.5 150 40 33.2 100 +68.7 +13.0 20 50 0 0 '06/4-12 '07/4-12 6 9 2 6 3 2 9 -1 4- 7- 4- 1- -1 7- 10 7/ 6/ 6/ 7/ 10 7/ ’0 ’0
Slide 19: Consistent Growth of Net Income
Consistent Growth of Net Income 19 1,644.0 (billions of yen) 1,401.0 1,500 1,372.1 440.1 (9 months) 1,162.0 1,171.2 404.1 458.6 1,000 [4Q] 351.2 290.7 426.7 296.5 397.5 286.4 450.9 [3Q] 405.7 500 297.4 303.7 [2Q] 301.9 491.5 286.6 371.5 [1Q] 222.5 266.8 0 '03/4-'04/3 '04/4-'05/3 '05/4-'06/3 '06/4-'0
Slide 20: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) 20 (billions of yen) FY2008 3Q FY2007 3Q Change (’07/10-12) (’06/10-12) Net Revenues 3,238.4 3,036.1 202.3 6.7% Operating Income 299.0 320.4 -21.4 -6.7% Ordinary Income 498.7 483.0 15.7 3.3% Net Income 375.1 333.8 41.3 12.4%
Slide 21: Contributing Factors to Unconsolidated Operating Income
Contributing Factors to Unconsolidated Operating Income 21 (billions of yen) Effects of FOREX rates 350 - 20.0 Cost Reduction Efforts 320.4 + 30.0 299.0 (-21.4) 300 250 Increases in Expenses Marketing Efforts 200 - 61.4 + 30.0 150 '06/10-12 '07/10-12 <Details of Increases in Expenses> R&D Expenses .
Slide 22: Consolidated Prospects: Vehicle Sales
Consolidated Prospects: Vehicle Sales 22 (thousands of vehicles) 8,524 8,930 (+ 406) 8,930 8,000 1,296 1,550 (+ 254) 1,520 7,000 910 789 970 (+ 181) Other 6,000 1,224 Central and 1,270 1,260 (+ 36) South America, Oceania, 5,000 Africa, The Middle and 4,000 Near East etc. 2,942 2,970 (+ 28) 2,990 Asi
Slide 23: FY2008 Consolidated Prospects
FY2008 Consolidated Prospects 23 (billions of yen) FY2008 FY2007 Change (’07/4-’08/3) (’06/4-’07/3) Net Revenues 25,500.0 23,948.0 1,552.0 6.5% Operating Income 2,300.0 2,238.6 61.4 2.7% Income before income taxes, minority interest and equity earnings of affiliated companies 2,450.0 2,382.5 67.5 2.
Slide 24: FY2008 Unconsolidated Prospects (Japan GAAP)
FY2008 Unconsolidated Prospects (Japan GAAP) 24 (billions of yen) FY2008 FY2007 Change (’07/4-’08/3) (’06/4-’07/3) Net Revenues 12,000.0 11,571.8 428.2 3.7% Operating Income 1,100.0 1,150.9 -50.9 -4.4% Ordinary Income 1,590.0 1,555.1 34.9 2.2% Net Income 1,130.0 1,060.1 69.9 6.6%
Slide 25: FY2008 Consolidated Prospects: CAPEX, Depreciation, R&D
FY2008 Consolidated Prospects: CAPEX, Depreciation, R&D 25 (billions of yen) Capital Depreciation R&D Expenses Expenditure Expenses Consolidated 1,500.0 (+ 17.4) 1,020.0 (+ 73.0) 940.0 (+ 49.3) Japan 800.0 (- 15.3) 630.0 (+ 37.5) N. America 400.0 (+ 80.7) 190.0 (+ 24.7) Europe 110.0 (- 9.7) 90.0 (+
Slide 26: FY2008 Operations Prospects <Toyota / Lexus>
FY2008 Operations Prospects <Toyota / Lexus> 26 FY2008 FY2007 (’07/4-’08/3) (’06/4-’07/3) (thousands of vehicles) (thousands of vehicles) Japan 4,270 4,185 Automotive Production Overseas 4,440 3,939 Total 8,710 8,124 Sales (Japan) 1,610 1,659 Exports 2,710 2,597 Sales (Overseas) 6,960 6,443 Housing
Slide 27: Shareholder Return: Share Buyback
Shareholder Return 27 - Share Buyback Purchase of own shares exceeding the initially authorized number of shares Remaining authorized number of shares: 10 million shares Up to 22 million shares Additional shares to be purchased: 12 million shares (Up to 120.0 billion yen) Initially Initially Authori
Slide 28: Shareholder Return: Cancellation of Treasury Stocks
Shareholder Return 28 - Cancellation of Treasury Stocks Define improvement of capital efficiency Aggregate number of shares to be cancelled: 162 million shares Cancellation 162 million shares Treasury Stocks 462 million Remaining Shares shares (To secure management flexibility) (scheduled) 300 milli
Slide 29: FY2008 3Q Financial Results
FY2008 3Q Financial Results Three months ended December 31, 2007 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 5, 2008