Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2014 Q2 Earnings Presentation
23 slides from Toyota Motor's earnings presentation, Nov 6, 2013
Slide 1: FY2014 Second Quarter Financial Results
FY2014 Second Quarter Financial Results Corolla (The U.S.) Toyota Motor Corporation November 6, 2013
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 A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Unde
Slide 4: FY2014 First Half Financial Results
FY2014 First Half Financial Results For the six months to September 30, 2013
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 FY2014 FY2014 FY2014 FY2014 1H 1H 2Q 2Q (thousands of vehicles) (thousands of vehicles) 5,000 3,000 4,516 4,468 (-48) 4,000 1,192 1,101 (-91) 2,247 2,235 (-12) Japan 2,000 615 575 (-40) 3,000 N. America 1,261 1,298 (+37) Europe 598 609 (+11) 2,000 Asia 412 407 (-5) 1,000
Slide 6: Consolidated Financial Summary (FY2014 First Half)
Consolidated Financial Summary (FY2014 First Half) 6 (billions of yen) FY2014 FY2013 1H 1H Change ('13/4-9) ('12/4-9) Net Revenues 12,537.4 10,908.3 1,629.1 14.9% Operating Income 1,255.4 693.7 561.7 81.0% Income before income taxes and equity in earnings of affiliated companies 1,343.5 794.5 548.9
Slide 7: Analysis of Consolidated Net Income (FY2014 First Half)
Analysis of Consolidated Net Income* (FY2014 First Half) 7 (billions of yen) * Net Income attributable to Toyota Motor Corporation Net Income* (+452.3) Operating Income (+561.7) Excluding Valuation Gains/Losses from Interest Rate Swaps (+617.6) Effects of FOREX Rates +540.0 1,000.6 Equity in Cost In
Slide 8: Consolidated Financial Summary (FY2014 Second Quarter)
Consolidated Financial Summary (FY2014 Second Quarter) 8 (billions of yen) FY2014 FY2013 2Q 2Q Change ('13/7-9) ('12/7-9) Net Revenues 6,282.1 5,406.7 875.3 16.2% Operating Income 592.0 340.6 251.4 73.8% Income before income taxes and equity in earnings of affiliated companies 619.3 379.3 240.0 63.3
Slide 9: Analysis of Consolidated Net Income (FY2014 Second Quarter)
Analysis of Consolidated Net Income* (FY2014 Second Quarter) 9 (billions of yen) * Net Income attributable to Toyota Motor Corporation Net Income* (+180.5) Operating Income (+251.4) Excluding Valuation Gains/Losses from Interest Rate Swaps (+263.7) Effects of FOREX Rates +280.0 438.4 Equity in 257.9
Slide 10: Geographic Operating Income (FY2014 First Half)
Geographic Operating Income (FY2014 First Half) 10 * N. America excludes Valuation Gains/Losses from Interest Rate Swaps (billions of yen) North America '12/4-9 '13/4-9 Change Operating Income Excluding Valuation Gains/Losses from Interest Rate Swaps 154.6 185.5 31.0 Valuation Gains/Losses from Inte
Slide 11: Geographic Operating Income (FY2014 Second Quarter)
Geographic Operating Income (FY2014 Second Quarter) 11 * N. America excludes Valuation Gains/Losses from Interest Rate Swaps (billions of yen) North America '12/7-9 '13/7-9 Change Operating Income Excluding Valuation Gains/Losses from Interest Rate Swaps 58.9 81.9 23.0 Valuation Gains/Losses from In
Slide 12: Financial Services Operating Income
Excluding Valuation Gains/Losses Financial Services Operating Income from Interest Rate Swaps 12 FY2014 FY2014 FY2014 FY2014 1H 1H 2Q 2Q (billions of yen) (billions of yen) 200 150 162.5 147.8 150 100 84.3 77.7 100 50 50 +14.7 +6.6 0 0 '12/4-9 '13/4-9 '12/7-9 '13/7-9 (billions of yen) (billions of y
Slide 13: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 13 FY2014 FY2014 FY2014 FY2014 1H 1H 2Q 2Q (billions of yen) (billions of yen) 200 100 158.7 150 68.8 123.8 52.5 100 50 +34.9 +16.3 50 0 0 '12/4-9 '13/4-9 '12/7-9 '13/7-9 Equity in earnings increased due to increased earnings of affiliated companies mainly
Slide 14: Shareholder Return
Shareholder Return 14 Interim Dividend：：65 InterimDividend 65 yen yen per per Share Share (Total (TotalAmount Amountof ofPayout Payout：：205.9 205.9billion billionyen) yen) Dividend per Share Net Income (yen) (billions of yen) 200 20,000 2,000 Dividend per Share and Net Income Net Income (Right axis)
Slide 15: FY2014 Financial Forecasts
FY2014 Financial Forecasts TOYOTA
Slide 16: FY2014 Forecasts: Consolidated Vehicle Sales
FY2014 Forecasts: Consolidated Vehicle Sales 16 (thousands of vehicles) 10,000 9,100 9,100 (±0) 8,871 8,000 2,220 2,230 (+10) 2,279 Japan 6,000 N. America 2,610 2,630 (+20) 2,469 Europe Asia 4,000 820 840 (+20) 799 Other Central and 1,700 1,640 (-60) 1,684 South America, 2,000 Oceania, Africa, The M
Slide 17: FY2014 Forecasts: Consolidated Financial Summary
FY2014 Forecasts: Consolidated Financial Summary 17 (billions of yen) New Forecasts Previous Forecasts FY2013 Results ('13/4-'14/3) ('13/4-'14/3) Change ('12/4-'13/3) Net Revenues 25,000.0 24,000.0 1,000.0 22,064.1 Operating Income 2,200.0 1,940.0 260.0 1,320.8 Income before income taxes and equity
Slide 18: Analysis of FY2014 Forecasts: Consolidated Operating Income
Analysis of FY2014 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) 18 (billions of yen) Operating Income FY2014 Previous Forecast('13/4-'14/3) 1,940.0 Effects of FOREX Rates +220.0 Cost Reduction Efforts +40.0 Positive Factors Marketing Efforts +35.0 Financial Services +5.0 Total +
Slide 19: FY2014 Consolidated Forecasts: CAPEX, Depreciation, R&D
FY2014 Consolidated Forecasts: CAPEX, Depreciation, R&D 19 (billions of yen) New Forecasts Previous Forecasts FY2013 Results ('13/4-'14/3) ('13/4-'14/3) Change ('12/4-'13/3) Capital 940.0 920.0 20.0 852.7 Expenditures Depreciation 770.0 760.0 10.0 727.3 Expenses R&D 900.0 900.0 ±0 807.4 Expenses
Slide 20: FY2014 Second Quarter Financial Results
FY2014 Second Quarter Financial Results SAI Toyota Motor Corporation November 6, 2013
Slide 21: Unconsolidated Financial Summary (Japan GAAP, FY2014 First Half)
(Reference) Unconsolidated Financial Summary (Japan GAAP, FY2014 First Half) 21 (billions of yen) FY2014 FY2013 1H 1H Change ('13/4-9) ('12/4-9) Net Revenues 5,409.6 4,879.2 530.4 10.9% Operating Income 646.8 67.7 579.1 854.7% Ordinary Income 1,111.2 405.5 705.6 174.0% Net Income 855.6 316.8 538.7 1
Slide 22: Unconsolidated Financial Summary (Japan GAAP, FY2014 Forecasts)
(Reference) Unconsolidated Financial Summary (Japan GAAP, FY2014 Forecasts) 22 (billions of yen) New Forecasts Previous Forecasts Change ('13/4-'14/3) ('13/4-'14/3) Net Revenues 10,300.0 10,000.0 300.0 Operating Income 1,040.0 790.0 250.0 Ordinary Income 1,670.0 1,400.0 270.0 Net Income 1,310.0 1,11
Slide 23: FY2014 Forecasts: Vehicle Production and Sales
(Reference) FY2014 Forecasts: Vehicle Production and Sales 23 (thousands of vehicles) New Forecasts Previous Forecasts Change ('13/4-'14/3) ('13/4-'14/3) T o Japan 3,350 3,300 50 y Vehicle o Production Overseas 5,700 5,750 -50 t a Total 9,050 9,050 0 1 1 1 & Japan* 1,550 * 1,550 * 0 Vehicle L Sales