Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2010 Earnings Presentation
23 slides from Toyota Motor's earnings presentation, May 11, 2010
Slide 1: FY2010 Financial Results
FY2010 Financial Results Toyota Motor Corporation May 11, 2010
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: FY2010 Financial Results
FY2010 Financial Results
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 7,567 (-330) (thousands of vehicles) 1H：4,250 7,237 8,000 2H：3,317 1H：3,130 1H： -1,120 2H：4,107 2H： +790 1,945 6,000 2,163 (+218) Japan N. America 2,212 Europe 4,000 2,098 (-114) Asia 1,062 Other 858 (-204) Central and 2,000 905 South America, 979 (+74) Oceania, Africa,
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary 6 (billions of yen) FY2010 FY2009 Change ('09/4-'10/3) ('08/4-'09/3) Net Revenues 18,950.9 20,529.5 -1,578.6 -7.7% Operating Income 147.5 -461.0 608.5 - Income before income taxes and equity in earnings of affiliated companies 291.4 -560.4 851.8 - Net Income* 209.4 -43
Slide 7: Analysis of Consolidated Net Income
Analysis of Consolidated Net Income* 7 (billions of yen) * Net income attributable to Toyota Motor Corporation Net Income* (+646.4) Operating Income (+608.5) Excluding Valuation Gains/Losses from Interest Rate Swaps (+544.0) Cost Reduction Efforts +520.0 209.4 -437.0 Effects of Equity in Reduction F
Slide 8: Results of Emergency Profit Improvement (Consolidated Operating Income)
Results of Emergency Profit Improvement (Consolidated Operating Income) 8 (billions of yen) FY2010 FY2010 FY2010 Results Previous Forecasts Change Initial Forecasts ('09/4-'10/3) ('09/4-'10/3) ('09/4-'10/3) Sales Volume / Mix 700.0 570.0 130.0 - Financial Services 190.0 180.0 10.0 - Cost Reduction E
Slide 9: Quarterly Operating Income
Quarterly Operating Income 9 Consolidated Vehicle Sales (thousands of vehicles) 2,186 2,064 2,065 2,042 1,838 1,729 1,479 Operating Income 1,401 (billions of yen) 412.5 Operating Income Ratio (6.6%) 169.5 189.1 95.3 58.0 (2.8%) -360.6 (1.3%) (3.6%) (1.8%) -194.9 (-7.5%) (-5.1%) -682.5 (-19.3%) FY09
Slide 10: Geographic Operating Income
Geographic Operating Income 10 *1 Japan includes exported vehicles. (billions of yen) North America FY09 FY10 *2 N.America excludes valuation gains/losses from interest rate swaps. Operating Income Excluding Valuation Gains/Losses from Interest -363.0 54.1 Consolidated Vehicle Sales (thousands of ve
Slide 11: Financial Services Operating Income
Excluding Valuation Gains/Losses Financial Services Operating Income from Interest Rate Swaps 11 (billions of yen) 250 200 215.9 150 (billions of yen) 100 FY09 FY10 +254.4 Operating Income Excluding Valuation Gains/Losses from -38.5 215.9 Interest Rate Swaps 50 Valuation Gains/Losses from -33.5 31.0
Slide 12: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 12 (billions of yen) 50 45.4 42.7 40 30 20 10 +2.7 0 FY09 FY10 ･ Increased earnings of affiliated companies in Japan ･ The valuation losses on our shareholding of certain affiliated companies
Slide 13: Unconsolidated Financial Summary (Japan GAAP, FY2010)
Unconsolidated Financial Summary (Japan GAAP, FY2010) 13 (billions of yen) FY2010 FY2009 ('09/4-'10/3) ('08/4-'09/3) Change Net Revenues 8,597.8 9,278.4 -680.6 -7.3% Operating Income -328.0 -187.9 -140.1 - Ordinary Income -77.1 182.5 -259.6 - Net Income 26.1 56.6 -30.5 -53.8%
Slide 14: Analysis of Unconsolidated Net Income
Analysis of Unconsolidated Net Income 14 (billions of yen) Net Income (-30.5) Operating Income (-140.1) Sales Effects of Cost Reduction Non- Income Volume / Mix FOREX Reduction in Fixed Operating Tax, etc. Rates Efforts Costs, etc. Income -350.0 -320.0 +410.0 +119.9 -119.5 +229.1 56.6 26.1 ’08/4-’09
Slide 15: Shareholder Return
Shareholder Return 15 Full-year Full-year Dividend: Dividend: 45 45 yen yen per per Share Share (Total (TotalAmount AmountofofPayout: Payout:141.1 141.1billion billionyen) yen) (yen) (billions of yen) Dividend per Share and Net Income 200 2,000 Net Income (right axis) 140 150 1,500 120 75 100 100 90
Slide 16: FY2011 Financial Forecasts
FY2011 Financial Forecasts
Slide 17: FY2011 Forecasts: Consolidated Vehicle Sales
FY2011 Forecasts: Consolidated Vehicle Sales 17 (thousands of vehicles) 8,000 7,237 7,290 (+53) 1,920 (-243) 6,000 2,163 Japan N. America 2,130 (+32) 4,000 2,098 Europe Asia 860 (+2) Other 858 Central and 2,000 1,090 (+111) South America, 979 Oceania, Africa, 1,139 1,290 (+151) The Middle East etc.
Slide 18: FY2011 Forecasts: Consolidated Financial Summary
FY2011 Forecasts: Consolidated Financial Summary 18 (billions of yen) FY2011 Forecasts FY2010 Results Change ('10/4-'11/3) ('09/4-'10/3) Net Revenues 19,200.0 18,950.9 249.1 Operating Income 280.0 147.5 132.5 Income before income taxes and equity in earnings of affiliated companies 330.0 291.4 38.6
Slide 19: Analysis of FY2011 Consolidated Forecasts: Operating Income
Analysis of FY2011 Consolidated Forecasts: Operating Income (vs. FY2010 Results) 19 (billions of yen) Operating Income FY2010 Results ('09/4 - '10/3) 147.5 Cost Reduction Efforts +130.0 Positive Factors Decreases in Expenses +160.0 Total +290.0 Effects of FOREX Rates -80.0 Sales Volume/Mix -50.0 Neg
Slide 20: FY2011 Consolidated Forecasts: CAPEX, Depreciation, R&D
FY2011 Consolidated Forecasts: CAPEX, Depreciation, R&D 20 (billions of yen) FY2011 Forecasts FY2010 Results ('10/4-'11/3) Change ('09/4-'10/3) Capital 740.0 579.0 161.0 Expenditures Depreciation 900.0 1,032.0 -132.0 Expenses R&D 760.0 725.3 34.7 Expenses
Slide 21: FY2011 Toyota's Operations Forecasts
(Reference) FY2011 Toyota’s Operations Forecasts 21 (thousands of vehicles) FY2011 Forecasts FY2010 Results ('10/4-'11/3) ('09/4-'10/3) Japan 3,200 3,206 Automotive Production Overseas 4,200 4,072 Total 7,400 7,278 Sales (Japan) 1,350 1,586 Exports 1,870 1,644 Sales (Overseas) 6,050 5,755 Housing Sa
Slide 22: FY2011 Unconsolidated Forecasts (Japan GAAP)
(Reference) FY2011 Unconsolidated Forecasts (Japan GAAP) 22 (billions of yen) FY2011 Forecasts FY2010 Results Change ('10/4-'11/3) ('09/4-'10/3) Net Revenues 8,600.0 8,597.8 2.2 Operating Income -340.0 -328.0 -12.0 Ordinary Income 30.0 -77.1 107.1 Net Income 60.0 26.1 33.9
Slide 23: FY2010 Financial Results
FY2010 Financial Results Toyota Motor Corporation May 11, 2010