Toyota Motor Corp. · TSE:7203
Toyota Motor — H1 FY2022 Earnings Presentation
28 slides from Toyota Motor's earnings presentation, Nov 4, 2021
Slide 1: Opening remarks
Hello, everyone, thank you for joining us today, I am Kenta Kon. We would like to express our heartfelt appreciation to all of our stakeholders including customers around the world who chose us as well as our shareholders, dealers and suppliers who support us. We sincerely apologize for the inconven
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements and Wes 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 a
Slide 3: Summary of the second quarter
I would like to provide a summary of the second quarter of this fiscal year. The semiconductor shortage and spread of COVID-19 in some developing countries caused us to reduce our production volume globally, but our suppliers, plants and dealers made great efforts to supply as many cars to our custo
Slide 4: FY2022 Second Quarter Financial Performance (FY2022 First Half)
TOYOTA FY2022 Second Quarter Financial Performance (FY2022 First Half)
Slide 5: First half vehicle sales
Let me discuss our financial results for the first half ended September 2021. Consolidated vehicle sales for the period was at 4 million 94 thousand units, which was 132.7% of consolidated vehicle sales for the first half of the previous fiscal year. Toyota and Lexus brand vehicle sales was at 4 mil
Slide 6: Consolidated financial results for the first half
Consolidated financial results for the first half of this fiscal year were, Sales revenues of 15 trillion 481.2 billion yen, Operating income of 1 trillion 747.4 billion yen, Income before income taxes of 2 trillion 144.0 billion yen and Net income of 1 trillion 524.4 billion yen. 6
Slide 7: Factors impacting operating income year on year
I would like to explain the factors which impacted operating income year on year. First, the effects of foreign exchange rates increased operating income by 255 billion yen. Second, cost reduction efforts decreased operating income by 30 billion yen due to the impact of soaring material prices. Thir
Slide 8: Operating income by region
Next I will explain operating income for each region. As shown, operating income increased year on year in all regions, largely due to the increase in sales volume. 8
Slide 9: China business and Financial Services
As for our China business, the operating income of consolidated subsidiaries and our share of profit of investments accounted for using the equity method increased due to the impact of foreign exchange rates. Regarding Financial Services, operating income excluding swap valuation gains and losses fo
Slide 10: Shareholder Return
Shareholder Return TOYOTA 10 10
Slide 11: Interim dividend
Next, I would like to explain our return to shareholders. Based on the business results for the first half of this fiscal year, we decided to pay an interim dividend of 120 yen per share, an increase of 15 yen compared to the previous fiscal year. We intend to continue to maintain and improve the co
Slide 12: Share repurchase
In addition, we will repurchase up to 150 billion yen of our own shares for the current interim period, taking into consideration factors such as investment in growth and dividend levels. 12
Slide 13: (Ref.) Stock Split
(Ref.) Stock Split TOYOTA We split our shares to create, by reducing the minimum investment price, an environment where it is easier to invest in Toyota’s shares. - Split Ratio : Each share was divided into 5 shares - Record Date : September 30, 2021 - Effective Date : October 1, 2021 1 share [ 5 sh
Slide 14: FY2022 Financial Forecasts
FY2022 Financial Forecasts TOYOTA 14
Slide 15: Vehicle sales forecasts
Next, I will explain the forecasts for the fiscal year ending March 31, 2022. Consolidated vehicle sales is expected to be 8.55 million units, which is 98.3% of the previous forecasts. Regional sales breakdown is as stated in the presentation. As for Toyota and Lexus brand vehicle sales, we anticipa
Slide 16: Full-year consolidated forecasts
Next, let me explain the forecasts for the full-year consolidated financial performance. We have adopted FOREX-rate assumptions for October onwards of 110 yen per dollar and 125 yen per euro, which makes the full year assumptions 110 yen per dollar and 128 yen per euro. Based on this, our forecasts
Slide 17: Operating income forecast versus previous forecast
Next, I would like to explain the factors that will impact operating income year on year, compared to the previous forecast. The operating income forecast has been revised upward by 300 billion yen from the previous forecast, taking into account the increase in operating income due to the revision o
Slide 18: Operating income factors versus prior fiscal year
The factors that will impact operating income compared to the same period of previous fiscal year are as shown in the presentation. Although we continue to face unpredictable conditions with regard to the stabilization of supply, as well as issues such as the sharp rise in raw material costs, we wil
Slide 19: (Ref.) Analysis of Consolidated Operating Income (vs FY2020 1H)
TOYOTA (Ref.) Analysis of Consolidated Operating Income(vs FY2020 1H) Consolidated Operating Income Excluding the overall impact of FOREX rates and swap valuation aainsilosses, etc. +230.0 Consolidated Vehicle Sales ( Gpousands ot venice) 5 _ATAT 4 1,399.2 emer 99.0 128-9 “Sher - WW. +85.0 Increase
Slide 20: (Ref.) Analysis of Consolidated Operating Income <FY2022 2H>
(Ref.) Analysis of Consolidated Operating Income <FY2022 2H> MONS (vs. FY2021 2H Results) _ Excluding the overall impact of foreign exchange (billions of yen) +190.0 rates and swap valuation gainsllosses, etc: -845.0 —— oa Effects of =e FOREX -315.0 =o cas GI? 350 aos 105227 Reduction Effects of Ee
Slide 21: (Ref.) Consolidated Vehicle Sales (FY2022 2Q)
(Ref.) Consolidated Vehicle Sales (FY2022 2Q) (thousands of vehicles) 3, 990 2,340 2,500 000 1,928 1,946 100.9% 585 445 83.0% 1,500 AS ° 702 9 qa 646 621 96.2% 254 229 90.4% ea 254 341 124.1% a o+ 218 310 142.2% 366 FY21/2Q FY22/2Q YoY FY20/2Q Jul.-Sep.’20 Jul.-Sep.’21 Jul.-Sep.19 Reference (retail)
Slide 22: (Ref.) Consolidated Financial Summary (FY2022 2Q)
(Ref.) Consolidated Financial Summary (FY2022 2Q) (billions of yen) Sales Revenues Operating Income Margin Other Income Share of Profit (Loss) of Investments Accounted for Using the Equity Method Income before Income Taxes Net Income Attributable to Toyota Motor Corporation Margin US$ FOREX Rates *1
Slide 23: (Ref.) Analysis of Consolidated Operating Income (FY2022 2Q)
(Ref.) Analysis of Consolidated Operating Income (FY2022 2Q) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc: +125.0 TOYOTA 506.0 q | +35.0 +3.9 Increase or Decrease in Other *4 aod -25.0 +115.0 — Expenses and Expense +115.0 Cost Marketin
Slide 24: (Ref.) Geographic Operating Income (FY2022 2Q)
(Ref.) Geographic Operating Income (FY2022 2Q) Hs Operating Income (billions of yen) (Excluding Valuation Gains/Losses from Interest Rate Swaps. etc) [ ] margin Japan N. America Europe Asia Inna er, mexico singe ety motos stances 536. 445 (83.0%) 646 errno 624 (96.2%) Soa ces aes 254 2291(90.4%) 274
Slide 25: (Ref.) China Business / Financial Services (FY2022 2Q)
(Ref.) China Business / Financial Services (FY2022 2Q) (Ref.) China Business EEE Operating Income of Subsidiaries (billions of yen) Share of Proft of Investments Accounted for Using the Equity Method of Associates and Joint Ventures (billions of yen) =O> Toyota and Lexus Vehicle Retail Sales (thousa
Slide 26: (Ref.) Transition of Financial Performance
(Ref.) Transition of Financial Performance Consolidated Vehicle Sales (thousands of vehicles) 8,964 8,977 8,955 7,646 8,550 Total Liquid Assets*' (billions of yen) 1,579.4 10,270.8 Interest- Bearing Debt” 93724 SA5O4 a co26 | Net Liquid 79366 8514 Assets oa 6901.0 8,005.2 “1 Cash and cash equivalent
Slide 27: (Ref.) FY2022 Forecasts: Vehicle Production and Retail Sales
(Ref.) FY2022 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) Japan Vehicle Production Overseas 4 Total Retail Japan Vehicle Overseas Sales 2 Total Total Retail Vehicle Sales*2 (Including Daihatsu- & Hino- brand) “1 Including vehicle production by Toyota's unconsolidated entit
Slide 28: (Ref.) Definitions of Consolidated and Retail Vehicle Sales
TOYOTA (Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles DAIHATSU @TOYOTA Oueais Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries izJ 8 s rd 2 = 2 3 & = = s 2» @ Es 2 8 912g AIDIY9A EIU [eIOL UOep!|os