Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2022 Earnings Presentation
25 slides from Toyota Motor's earnings presentation, Feb 9, 2022
Slide 1: FY2022 Third Quarter Financial Results
FY2022 Third Quarter Financial Results Toyota Motor Corporation February 9, 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: FY2022 Third Quarter Summary
FY2022 Third Quarter Summary ・During the nine months from April to December 2021, despite negative factors such as constraints on supply due to the shortage of semiconductors and the spread of COVID-19, as well as the sharp rise in raw material costs, we achieved higher sales and profits as a result
Slide 4: FY2022 Third Quarter Financial Performance
FY2022 Third Quarter Financial Performance 4
Slide 5: Consolidated Vehicle Sales (9 months)
Consolidated Vehicle Sales (9 months) (thousands of vehicles) 7,000 6,858 6,096 112.1% 6,000 5,438 1,656 Japan 1,427 5,000 94.3% N. America 1,513 4,000 2,114 Europe 1,805 107.2% 3,000 1,683 Asia 760 778 2,000 111.9% Other 679 1,255 1,118 Central and 1,000 848 South America, Oceania, 715 986 138.1% 1
Slide 6: Consolidated Financial Summary (9 months)
Consolidated Financial Summary (9 months) Change (Ref.) (billions of yen) ‘20.4-12 ‘21.4-12 ‘19.4-12 Sales Revenues 19,525.2 23,267.0 +3,741.7 22,967.2 Operating Income 1,507.9 2,531.8 +1,023.9 2,039.3 Margin 7.7% 10.9% 8.9% Other Income 362.0 705.7 +343.6 354.4 Share of Profit (Loss) of Investments
Slide 7: Analysis of Consolidated Operating Income (9 months)
Analysis of Consolidated Operating Income (9 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： +630.0 2,531.8 -80.0 -51.1 Increase or Decrease in Other *4 Expenses and Expense 1,507.9 -165.0 +875.0 Reduction Efforts *3 +445.0 Cost
Slide 8: Geographic Operating Income (9 months)
Geographic Operating Income (9 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 1,805 (107.2%) Incl. China (excl. investments accounted for usi
Slide 9: China Business / Financial Services (9 months)
China Business / Financial Services (9 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 Rate Sw
Slide 10: (Ref.) Analysis of Consolidated Operating Income (vs FY2020 9 months)
(Ref.) Analysis of Consolidated Operating Income（vs FY2020 9 months） Consolidated Operating Income Excluding the overall impact of FOREX rates and *The analysis is a simple aggregate of the changes in the April-December 2019 and swap valuation gains/losses, etc.： +200.0 2020 periods, and the April-D
Slide 11: FY2022 Financial Forecasts
FY2022 Financial Forecasts 11
Slide 12: FY2022 Forecasts: Consolidated Vehicle Sales
FY2022 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,550 8,250 96.5% Japan 8,000 7,646 N. America 2,090 1,980 94.7% 2,125 Europe 6,000 2,580 2,470 95.7% Asia 4,000 2,313 Other 990 980 99.0% 959 Central and 1,480 1,470 99.3% South America, 2,000 1,222 Oceania, 1,027 Africa, 1
Slide 13: Forecasts of Toyota and Lexus Vehicle Production
Forecasts of Toyota and Lexus Vehicle Production (thousands of vehicles) Uncertain outlook due to the spread of COVID-19 and the shortage of semiconductors Changes from the Previous Forecast (announced Nov. 4, ’21) “The production volume is expected to be Conservative estimate: 9,000 8,870 lower tha
Slide 14: FY2022 Forecasts: Consolidated Financial Summary
FY2022 Forecasts: Consolidated Financial Summary （billions of yen） Previous Forecasts New Forecasts FY21 Results ‘21.4-‘22.3 Change ‘21.4-‘22.3 ’20.4-‘21.3 Sales Revenues 30,000.0 29,500.0 -500.0 27,214.5 Operating Income 2,800.0 2,800.0 ±0 2,197.7 Margin 9.3% 9.5% 8.1% Other Income 640.0 720.0 +80.
Slide 15: Analysis of FY2022 Forecasts: Consolidated Operating Income
Analysis of FY2022 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -55.0 2,800.0 2,800.0 +95.0 -15.0 -50.0 +10.0 -40.0 Cost Effects of Increase or Decrease in Other *4 Eff
Slide 16: Analysis of FY2022 Forecasts: Consolidated Operating Income
Analysis of FY2022 Forecasts: Consolidated Operating Income (vs. FY2021 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： +135.0 2,800.0 2,197.7 -375.0 -72.7 Increase or Decrease in Other *4 +540.0 -360.0 +870.0 Expenses and Expen
Slide 17: (Ref.) Analysis of FY2022 Forecasts: Consolidated Operating Income
(Ref.) Analysis of FY2022 Forecasts: Consolidated Operating Income (FY2022 4Q Forecasts vs FY2021 4Q Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -495.0 689.8 +95.0 Effects of -195.0 -5.0 FOREX Cost Rates *1 Effects of Reduct
Slide 18: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 3,000 Japan 2,500 2,353 2,201 N.America 592 2,003 85.1％ 2,000 516 Europe 482 81.3％ 1,500 Asia 753 522 69.4％ 668 Other 1,000 285 250 87.9％ 248 Central and South America, 500 392 413 105.2％ 409 Oceania, Africa, 0 331 336 101.7％ 360 T
Slide 19: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) (Ref.) ‘20.10-12 ‘21.10-12 Change ‘19.10-12 Sales Revenues 8,150.0 7,785.7 -364.2 7,608.9 Operating Income 987.9 784.3 -203.5 640.0 Margin 12.1% 10.1% 8.4% Other Income 153.2 309.1 +155.9 131.8 154.4 ＊1 Share of Profit (Loss) of Inve
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： -405.0 987.9 -135.0 +190.0 Cost 784.3 Effects of Reduction -180.0 FOREX Effects of -90.0 +11.5 Efforts Increase or Decrease in Ra
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 753 Incl. China (excl. investments accounted for using the
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
(Ref.) Transition of Financial Performance ’18/3 – ’19/3：US GAAP ’20/3 – ’22/3：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) 9.5 30
Slide 24: (Ref.) FY2022 Forecasts: Vehicle Production and Retail Sales
(Ref.) FY2022 Forecasts: Vehicle Production and Retail Sales （thousands of vehicles） Previous Forecast New Forecast FY2021 Results Change ‘21.4-‘22.3 ‘21.4-‘22.3 ‘20.4-‘21.3 Japan 3,000 2,760 -240 2,919 Vehicle 生産 Production Overseas 6,000 5,740 -260 5,264 Toyota & Lexus *1 Total 9,000 8,500 -500 8,
Slide 25: 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 Vehicle Sales Number of vehicles produced for wholesale by Toyota Motor Corpor