Toyota Tsusho Corp. · TSE:8015
Toyota Tsusho — FY2017 Earnings Presentation
28 slides from Toyota Tsusho's earnings presentation, May 2, 2017
Slide 1: Outline of Consolidated Results for FY2017 & Forecasts for FY 2018
Outline of Consolidated Results for FY2017 & Forecasts for FY 2018 May 2, 2017 Toyota Tsusho Corporation
Slide 2: 1. Outline of Consolidated Results for FY 2017
1. Outline of Consolidated Results for FY 2017
Slide 3: Outline of Consolidated Results: Net Sales
Outline of Consolidated Results for FY2016 (Net Sales) （Billion yen） ※ Effective April 1, 2016,the Food & Agribusiness Division and the Consumer ＜Reasons for Y o Y Changes in Net Sales＞ Products & Services Division have been integrated in the Food & Consumer Services Division.. Y o Y change Amounts
Slide 4: Outline of Consolidated Results: Operating Income
Outline of Consolidated Results for FY2016 (Operating Income) （Billion yen） ＜Reasons for Y o Y Changes in Operating Income＞ Y o Y Change +4.5% Amounts excluding amount YoY Division affected by affected by Primary Reason +6.4 exchange rate exchange rates Due to increase in automobile production Metal
Slide 5: Reasons for Changes in FY2016 Operating Income
Reasons for Changes in FY2016 Operating Income （Billion yen） Toyota Motor’s Automobile Production （Units: FY 2015 FY 2016 Changes thousands） Fully depreciated Demand/Trading Japan 3,172 3,188 16 of Tomen Goodwill Volume, Others Overseas 5,759 5,890 131 TOTAL 8,931 9,078 147 -10.0 +14.4 Non-recurring
Slide 6: Ordinary Income and Net Income Attributable to Owners of the Parent
Outline of Consolidated Results for FY2016 (Ordinary Income and Net Income Attributable to Owners of the Parent) （Billion yen） +23.6% +23.6% -% YoY YoY 前期比 +30.2 +146.2 +302 158.2 128.0 102.5 ▲43.7 FY 2015 FY 2016 FY 2015 FY 2016 2015/3 2016/3 2015/3 3Q累計 3Q累計 3Q累計 Net Income Ordinary Income (Attrib
Slide 7: Balance Sheets
Balance Sheets （Billion yen） FY 2015 FY 2016 Current Current Current Current Liabilities Assets Assets Liabilities 1,737.1 2,425.8 2,533.9 1,745.1 Long-Term Long-Term Liabilities Liabilities 1,159.1 1,199.6 Fixed Assets Fixed Assets Net Assets 1,562.8 Net Assets 1,526.2 1,055.7 1,151.9 FY 2015 FY 20
Slide 8: Cash Flows
Cash Flows （Billion yen） FY 2015 FY 2016 Net Cash provided by operating activities 193.7 Net Cash provided by operating activities 308.3 308.3 IBIT＋DA 46.5 IBIT＋DA Amortization Expense 148.0 Amortization Expense 96.0 117.3 Working Capital Working Capital -7.9 106.1 193.7 137.5 63.3 Time deposit to e
Slide 9: 2. Consolidated Earnings Forecast for FY 2018
2. Consolidated Earnings Forecast for FY 2018
Slide 10: Forecast for FY 2017
Forecast for FY 2017 （Billion yen） JGAAP IFRS FY 2016 FY 2017 Results Forecast Gross Profit 578.8 567.0 Profit from operating - 160.0 Activities Profit before tax 148.0 182.0 Profit attributable 102.5 110.0 to owners of the parent FY Dividend(YEN) 70 78 YEN/USD 108 YEN/USD 105 Foreign Exchange YEN/E
Slide 11: Forecast for FY 2017 by Division
Forecast for FY 2017 by Division （Billion yen） FY 2017 Profit attributable Gross Profit to owners of the parent Metals 87.0 26.0 Global Parts & Logistics 67.0 16.0 Automotive 77.0 16.0 Machinery, Energy & Project 75.0 18.0 Chemicals & Electronics 95.0 25.0 Food & Consumer Services 45.0 5.5 ※ Africa
Slide 12: New Dividend Policy
New Dividend Policy Past policy New Dividend policy We aimed to pay dividends We will endeavor to maintain a stable dividend and equal to 25% of consolidated increase dividend per share, targeting a consolidated profit before goodwill amortization dividend payout ratio of more than 25% 78 85 1800 JG
Slide 13: 3. Supplementary Materials on Financial Results
3. Supplementary Materials on Financial Results
Slide 14: Results and Reasons of Changes: Metals Division
Results and Reasons of Changes for FY2016 （Billion yen） ＜Metals Division＞ Others Effect of Aluminum premium in Previous fiscal year +1.8 Forex Effect Forex translation effect -3.0 Markets/Prices Offsetting forex losses +2.0 Automotive -3.1 Others Demand/Trading +3.0 41.6 Volume Forex Effect -1.0 Mar
Slide 15: Results and Reasons of Changes: Global Parts & Logistics Division
Results and Reasons of Changes for FY2016 （Billion yen） ＜Global Parts & Logistics Division＞ Forex Effect Forex translation effect -2.0 Allowance for Doubtful Receivables Offsetting forex losses -1.0 Receivable in Venezuela +1.5 Allowance Forex Effect for Doubtful Receivables 21.6 -3.0 Demand/ +1.3 T
Slide 16: Results and Reasons of Changes: Automotive Division
Results and Reasons of Changes for FY2016 （Billion yen） ＜Automotive Division＞ Forex Effect Forex translation effect -3.8 Offsetting forex losses -0.5 Forex Effect Demand/Trading Volume Retails Others 37.9 -4.3 Demand （CFAO・Africa・South Pacific Regions, etc. ) -9.2 Angola Function currency Change +0.
Slide 17: Results and Reasons of Changes: Machinery, Energy & Project Division
Results and Reasons of Changes for FY2016 （Billion yen） ＜Machinery, Energy & Project Division＞ Demand/Trading Volume Renewable Energy +39+3.9 Forex Effect Automotive machinery ▲26-2.6 Forex translation effect -0.3 Petroleum Products ▲10-1.0 Offsetting forex losses -3.0 Fully depreciated Allowance Fo
Slide 18: Results and Reasons of Changes: Chemicals & Electronics Division
Results and Reasons of Changes for FY2016 （Billion yen） ＜Chemicals & Electronics Division＞ Others Rebound from Loss of inventories in pervious year +7.0 Other Forex Effect 37.0 Forex translation effect -1.9 Demand/ Trading Volume +7.8 Offsetting forex losses +1.0 Electronic Subsidiaries -3.8 Fully d
Slide 19: Results and Reasons of Changes: Food & Consumer Services Division
Results and Reasons of Changes for FY2016 （Billion yen） ＜Food & Consumer Services Division＞ Demand/Trading Volume Beverage Business in Africa ▲2.5 Others Forex Effect Grain Business for overseas ▲0.7 M&A-related expenses in pervious year +0.4 Forex translation effect -0.8 Offsetting forex losses +2.
Slide 20: Automotive Production Recap and Outlook
Automotive Production Recap and Outlook ＜Automotive production＞ YoY FY2017 FY2015 FY2016 (Units: thousands) change (Forecast) Japan 3,172 3,188 16 3,200 Overseas 5,759 5,890 131 5,800 Total 8,931 9,078 147 9,000 ＜Conditions in major auto-producing countries> YoY FY2015 FY2016 Recap and outlook (Unit
Slide 21: Automotive Sale's Related Business Recap and Outlook
Automotive Sale’s Related Business Recap and Outlook ＜Automotive retails sales＞ YoY Intragroup FY2015 FY2016 (Units: thousands) change breakdown ・ CFAO -7 Toyota Tsusho Group’s dealer sales 200 197 -3 ・ TTC Africa -4 (including CFAO) ・ Others +8 ＜Market conditions＞ Main regions FY2016 FY2017 ・Natura
Slide 22: Progress of Investment Plan
Progress of Investment Plan （Billion yen） Investment through the FY2016 Main Projects Amount 1Q-3Q 34.2 ● Develop dealer network（CFAO, etc.） Mobility 4Q 12.3 ● Increase auto production-related facilities 46.5 in North America 1Q-3Q 24.6 Resources & ● Develop Solar and wind power business（Eurus） 4Q 2
Slide 23: 4. Supplementary Materials on Financial Results about CFAO
4. Supplementary Materials on Financial Results about CFAO
Slide 24: CFAO Financial and Operating Performance
CFAO Financial and Operating Performance （Millions EUR ） 2015/12 2016/12 Change Revenue 3,435.7 3,275.3 (160.4) Gross profit 854.5 807.9 (46.6) Payroll expenses (299.7) (302.7) (3.0) Other recurring operating income and expenses (285.6) (316.2) (30.6) Recurring operating income 269.2 188.9 (80.3) Ot
Slide 25: CFAO Consolidated Statement of Financial Position and Cash Flow
CFAO Consolidated Statement of Financial Position and Cash Flow （Millions EUR ） Consolidated statement of financial position 2015/12 2016/12 Change Intangible assets 261.8 262.4 0.6 Property, plant and equipment 521.0 502.5 (18.5) Working capital requirement 727.5 704.9 (22.6) Other assets and liabi
Slide 26: CFAO Information by Business Units
CFAO Information by Business Units （Millions EUR ） Equipment & Consumer Holding & Healthcare TOTAL 2016/12 Services goods Others Revenue 1,709.5 1,251.9 313.1 0.0 3,275.3 Operating income 99.0 100.5 19.6 (30.1) 188.9 Assets 1,191.5 731.8 342.5 50.4 2,317.5 Liabilities 456.5 311.7 65.1 12.7 844.7 Equ
Slide 27: CFAO Operating Results by Business Segment
CFAO Operating Results (Profit from Operating Activities and Profit) （Millions EUR ） Business segments 2015/12 2016/12 Change Factors behind YoY change ・Market shrinkage, import restrictions Maghreb change in Algeria ・Profits increase due to restructuring W. Africa ・Sales drop, mainly in seven oil p
Slide 28: Investor Relations Group
Inquiries: Investor Relations Group E-mail ttc_ir@pp.toyota-tsusho.com Tokyo Head Office TEL +81-3-4306-8201 FAX +81-3-4306-8818 ◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Group companies that are not historical facts