Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 FY2019 Earnings Presentation
26 slides from Toyota Motor's earnings presentation, Nov 6, 2018
Slide 1: FY2019 Second Quarter Financial Results
FY2019 Second Quarter Financial Results RAV4 (New York International Auto Show 2018 exhibition car) Toyota Motor Corporation November 6, 2018
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 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 f
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading Under Japanese securities laws and regulations (the "Regulations"), 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 trading in To
Slide 4: FY2019 Second Quarter Financial Results
FY2019 Second Quarter Financial Results FY2019 Second Quarter Financial Performance (FY2019 First Half) FY2019 Financial Forecasts 4
Slide 5: Consolidated Vehicle Sales (FY2019 First Half)
Consolidated Vehicle Sales (FY2019 First Half) (thousands of vehicles) 5,000 4,389 4,419 (+30) 4,000 1,031 1,087 (-56) Japan N. America 3,000 Europe 1,396 1,411 (+15) Asia 2,000 Other 469 493 (+24) Central and South America, 1,000 744 811 (+67) Oceania, Africa, The Middle East, 693 673 (-20) etc. 0
Slide 6: Consolidated Financial Summary (FY2019 First Half)
Consolidated Financial Summary (FY2019 First Half) (billions of yen) FY2019 1H FY2018 1H Change (’18/4-9) (’17/4-9) Vehicle Sales 4,419 4,389 +30 (thousands of vehicles) Net Revenues 14,674.0 14,191.2 +482.7 Operating Income 1,261.8 1,096.5 +165.3 Margin 8.6% 7.7% - Other Income 286.9 155.6 +131.3 I
Slide 7: Analysis of Consolidated Operating Income (FY2019 First Half)
Analysis of Consolidated Operating Income (FY2019 First Half) (billions of yen) +220.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +40.0 -34.7 1,261.8 Expenses including Other *4 the impact of +150.0 Reduction Efforts *3 1,096.5 -20.0 +30.0 Marketing
Slide 8: Geographic Operating Income (FY2019 First Half)
Geographic Operating Income (FY2019 First Half) Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) <<Japan>> <<N. America>> <<Europe>> <<Asia>> <<Other>> 1,087 1,396 1,411 (+15) 1,031 (-56) 811 (+6
Slide 9: Financial Services Operating Income (FY2019 First Half)
Financial Services Operating Income (FY2019 First Half) Operating Income (billions of yen) * * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. Operating Income* 174.1 billion yen (+30.0 billion yen year on year) Operating income increased, mainly due to an increase in the lending bal
Slide 10: Shareholder Return: Dividends
Shareholder Return : Dividends (billions of yen) 400 Net Income (Right axis) 2,500 *1 Year-end Dividend Interim Dividend 2,000 300 (yen) 200 210 210 220 1,500 200 165 110 110 120 1,000 125 100 100 500 75 100 100 100 100 65 0 0 ’14/3 ’15/3 ’16/3 ’17/3 ’18/3 ’19/3 (Full year) (Full year) (Full year) (
Slide 11: Shareholder Return: Summary
Shareholder Return : Summary FY2019 FY2018 (Actual) 100 yen per share 100 yen per share Dividends on 23.4% 27.8% Dividend Common Share 286.9 billion yen 293.4 billion yen 291.8 billion yen *1 297.1 billion yen *1 Interim 250.0 billion yen/ 249.9 billion yen/ 42 million shares 33 million shares Share
Slide 12: FY2019 Second Quarter Financial Results
FY2019 Second Quarter Financial Results FY2019 Second Quarter Financial Performance (FY2019 First Half) FY2019 Financial Forecasts 12
Slide 13: FY2019 Forecasts: Consolidated Vehicle Sales
FY2019 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,900 8,900 (±0) 8,964 8,000 2,255 Japan 2,190 2,200 (+10) N. America Europe 6,000 2,806 Asia 2,750 2,750 (±0) Other 4,000 Central and 950 950 (±0) 968 South America, Oceania, Africa, 2,000 1,690 1,680 (-10) 1,543 The Middle
Slide 14: FY2019 Forecasts: Consolidated Financial Summary
FY2019 Forecasts: Consolidated Financial Summary (billions of yen) New Forecasts Previous Forecasts Change FY2018 Results (’18/4-’19/3) (’18/4-’19/3) (’17/4-’18/3) Vehicle Sales 8,900 8,900 ±0 8,964 (thousands of vehicles) Net Revenues 29,500.0 29,000.0 +500.0 29,379.5 Operating Income 2,400.0 2,300
Slide 15: Analysis of FY2019 Forecasts: Consolidated Operating Income (vs. Previous Forecasts)
Analysis of FY2019 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) (billions of yen) +5.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +75.0 -40.0 -30.0 +125.0 -30.0 2,400.0 2,300.0 Effects of Cost Marketing Expenses including Other *
Slide 16: Analysis of FY2019 Forecasts: Consolidated Operating Income (vs. FY2018 Results)
Analysis of FY2019 Forecasts: Consolidated Operating Income (vs. FY2018 Results) (billions of yen) +135.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. +135.0 -30.0 2,399.8 -100.0 -34.8 2,400.0 +30.0 Effects of Cost Marketing Expenses including Other *4
Slide 17: Enhancement of Competitiveness
Enhancement of Competitiveness Activities for Enhancement of Competitiveness (Explain in the press conference) Monozukuri Supporting Toyota’s Competitiveness (EVP, Mitsuru Kawai / February) Toyota’s Efforts to Create Ever-better Cars (EVP, Moritaka Yoshida / August) Sales Activities for Enhanc
Slide 18: FY2019 Second Quarter Financial Results
FY2019 Second Quarter Financial Results ES 300h Toyota Motor Corporation November 6, 2018
Slide 19: (Reference) Consolidated Vehicle Sales (FY2019 2Q)
(Reference) Consolidated Vehicle Sales (FY2019 2Q) (thousands of vehicles) 2,500 2,175 2,183 (+8) 2,000 543 521 (-22) Japan N. America 1,500 Europe 672 665 (-7) Asia 1,000 Other 229 240 (+11) Central and South America, Oceania, 500 382 417 (+35) Africa, The Middle East, etc. 349 340 (-9) 0 FY2018 2Q
Slide 20: (Reference) Consolidated Financial Summary (FY2019 2Q)
(Reference) Consolidated Financial Summary (FY2019 2Q) (billions of yen) FY2019 2Q FY2018 2Q Change (’18/7-9) (’17/7-9) Vehicle Sales 2,183 2,175 +8 (thousands of vehicles) Net Revenues 7,311.2 7,143.6 +167.6 Operating Income 579.1 522.2 +56.9 Margin 7.9% 7.3% - Other Income 155.7 50.5 +105.2 Income
Slide 21: (Reference) Analysis of Consolidated Operating Income (FY2019 2Q)
(Reference) Analysis of Consolidated Operating Income (FY2019 2Q) (billions of yen) +100.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. -20.0 -23.1 579.1 +105.0 522.2 -20.0 +15.0 Effects of Cost Marketing Expenses including Other *4 FOREX Reduction Eff
Slide 22: (Reference) Geographic Operating Income (FY2019 2Q)
(Reference) Geographic Operating Income (FY2019 2Q) Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) <<Japan>> <<N. America>> <<Europe>> <<Asia>> <<Other>> 543 672 665 (-7) 521 (-22) 417 (+35) 38
Slide 23: (Reference) Financial Services Operating Income (FY2019 2Q)
(Reference) Financial Services Operating Income (FY2019 2Q) Operating Income (billions of yen) * * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. Operating Income* 91.8 billion yen (+22.9 billion yen year on year) ’17/7-9 ’18/7-9 Change 68.8 91.8 Operating Income 69.4 81.4 +12.0 +22
Slide 24: (Reference) Transition of Financial Performance
(Reference) Transition of Financial Performance Forecast Consolidated Vehicle Sales Net Revenues Operating Income Net Income (thousands of vehicles) (trillions of yen) (billions of yen) (billions of yen) ● Operating Margin(%) ● Net Margin(%) 10.1 10.0 29.3 29.5 8,972 8,971 8,964 8,900 28.4 8.2 8.1 8
Slide 25: (Reference) FY2019 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2019 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) New Forecasts Previous Forecasts Change (’18/4-’19/3) (’18/4-’19/3) T Japan 3,200 3,190 +10 o Vehicle y Production* 1 Overseas 5,700 5,710 -10 o t Total 8,900 8,900 ±0 a & Japan 1,540 1,530 +10 L Retail *2 Vehi
Slide 26: Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Consolidated Vehicle Sales Distributors or Dealers outside consolidation Total Retail Vehicle Sales Toyota- and Lexus- brand vehicles Toyota and Lexus Vehicle Sales Customers P5,P13, P19 Number of veh