Toyota Motor Corp. · TSE:7203
Toyota Motor — Q4 2020 Earnings Presentation
22 slides from Toyota Motor's earnings presentation, May 12, 2020
Slide 1: FY2020 Financial Results
FY2020 Financial Results Toyota Motor Corporation May 12, 2020
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements and Caution concerning Insider Trading
Cautionary Statement with Respect to Forward-Looking Statements and 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 and u
Slide 3: FY2020 Financial Performance
FY2020 Financial Results FY2020 Financial Performance FY2021 Financial Forecasts (IFRS) 3
Slide 4: Consolidated Vehicle Sales
Consolidated Vehicle Sales COVID-19 Impact (thousands of vehicles) Consolidated Vehicle Sales -127 k 10,000 8,977 8,958 (-19) 8,000 2,226 2,240 (+14) Japan N. America 6,000 Europe 2,745 2,713 (-32) Asia 4,000 Other 994 1,029 (+35) Central and South America, Oceania, 2,000 1,684 1,605 (-79) Africa, T
Slide 5: Consolidated Financial Summary
Consolidated Financial Summary COVID-19 Impact Net Revenues -380 bil. (billions of yen) FY2020 FY2019 Operating Income -160 bil. (’19/4-’20/3) (’18/4-’19/3) Change Net Revenues 29,929.9 30,225.6 -295.6 Operating Income 2,442.8 2,467.5 -24.6 Margin 8.2% 8.2% Other Income 111.7 -182.0 +293.8 Income be
Slide 6: Analysis of Consolidated Operating Income
Analysis of Consolidated Operating Income Details of COVID-19 Impact (billions of yen) +125.0 Volume Decrease -100 bil. Excluding the overall impact of foreign exchange Financial Services -60 bil. rates and swap valuation gains/losses, etc. (Increase in Provisions) 2,467.5 (excluding COVID-19 impact
Slide 7: Geographic Operating Income
Geographic Operating Income Operating Income (billions of yen) [ ]: margin ● Consolidated Vehicle Sales (thousands of vehicles) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) ≪Japan≫ ≪N. America≫ ≪Europe≫ ≪Asia≫ ≪Other≫ 2,745 2,713 (-32) 2,226 2,240 (+14) 1,684 1,605 (-79) 1,372 (
Slide 8: China Business / Financial Services
China Business / Financial Services ≪(Reference) China Business≫ ≪ Financial Services Operating Income ≫ Operating Income of Subsidiaries (billions of yen) Operating Income (billions of yen) Equity in Earnings of Affiliated Companies (billions of yen) ＊ Excluding Valuation Gains/Losses from Interest
Slide 9: Shareholder Return: Dividends
Shareholder Return : Dividends (billions of yen) 2,500 25,000 400 Year-end Dividend Net Income (right axis) Interim Dividend 2,000 20,000 (Yen) 300 210 210 220 220 220 1,500 15,000 200 120 120 1,000 110 110 120 10,000 100 500 5,000 100 100 100 100 100 0 0 ’16/3 ’17/3 ’18/3 ’19/3 ’20/3 Total Amount o
Slide 10: Shareholder Return: Share Repurchase
Shareholder Return : Share Repurchase (billions of yen) Year-end Shareholder Returns Interim Shareholder Returns 800 8,000 639.2 *1 No share repurchase 600 6,000 549.9 549.9 as the year-end shareholder return 449.9 400 4,000 499.9 299.9 299.9 249.9 200 2,000 199.9 249.9 249.9 199.9 139.3 00 ’16/3 ’1
Slide 11: FY2021 Financial Forecasts (IFRS)
FY2020 Financial Results FY2020 Financial Performance FY2021 Financial Forecasts (IFRS) Toyota Motor Corporation will voluntarily adopt International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 2021. Therefore, the consolidated forecasts for the fiscal
Slide 12: Assumption of Consolidated Vehicle Sales
Assumption of Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,958 8,000 2,240 7,000 (-1,958) Japan (-21.9%) N. America 6,000 Europe 2,713 Asia 4,000 Other 1,029 Central and South America, 2,000 1,605 Oceania, Africa, The Middle East, 1,372 etc. 0 ’19/4-’20/3 ’20/4-’21/3 Change 〈Reference
Slide 13: FY2021 Forecasts: Consolidated Financial Summary
FY2021 Forecasts: Consolidated Financial Summary (billions of yen) FY2021 Forecasts FY2020 Results Change (’20/4-’21/3) (’19/4-’20/3) ＜IFRS＞ ＜US GAAP＞ Sales Revenues 24,000.0 29,929.9 -5,929.9 Operating Income 500.0 2,442.8 -1,942.8 Margin 2.1% 8.2% Share of Profit of Investments - - Accounted for U
Slide 14: Analysis of FY2021 Forecasts: Consolidated Operating Income
Analysis of FY2021 Forecasts: Consolidated Operating Income (billions of yen) 2,442.8 -430.0 -1,500.0 ±0 -12.8 500.0 Effects of Effects of Effects of Other Other FOREX Decrease in Factors excluding Rates Sales of Vehicles Sales of Vehicles FY2020 Results FY2021 Forecasts (US GAAP) (IFRS) Operating I
Slide 15: (Reference) Consolidated Vehicle Sales (FY2020 4Q)
(Reference) Consolidated Vehicle Sales (FY2020 4Q) (thousands of vehicles) COVID-19 Impact Consolidated Vehicle Sales -127 k 2,500 2,276 2,128 (-148) 2,000 631 Japan 583 (-48) N. America 1,500 Europe 654 600 (-54) Asia 1,000 Other 269 259 (-10) Central and South America, Oceania, 500 410 370 (-40) A
Slide 16: (Reference) Consolidated Financial Summary (FY2020 4Q)
(Reference) Consolidated Financial Summary (FY2020 4Q) COVID-19 Impact (billions of yen) FY2020 4Q FY2019 4Q Net Revenues -380 bil. Operating Income -160 bil. (’20/1-3) (’19/1-3) Change Net Revenues 7,099.8 7,750.1 -650.3 Operating Income 384.0 529.5 -145.4 Margin 5.4% 6.8% Other Income 345.2 30.1 -
Slide 17: (Reference) Analysis of Consolidated Operating Income (FY2020 4Q)
(Reference) Analysis of Consolidated Operating Income (FY2020 4Q) (billions of yen) Details of COVID-19 Impact -95.0 Excluding the overall impact of foreign exchange - Volume Decrease -100 bil. rates and swap valuation gains/losses, etc. - Financial Services -60 bil. (excluding COVID-19 impact: +65.
Slide 18: (Reference) Geographic Operating Income (FY2020 4Q)
(Reference) Geographic Operating Income (FY2020 4Q) Operating Income (billions of yen) [ ]: margin ● Consolidated Vehicle Sales (thousands of vehicles) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) ≪Japan≫ ≪N. America≫ ≪Europe≫ ≪Asia≫ ≪Other≫ 631 654 600 (-54) 583 (-48) 4,364 （10
Slide 19: (Reference) China Business / Financial Services Operating Income (FY2020 4Q)
(Reference) China Business / Financial Services Operating Income (FY2020 4Q) ≪(Reference) China Business≫ ≪ Financial Services Operating Income ≫ Operating Income of Subsidiaries (billions of yen) Operating Income (billions of yen) ＊ Equity in Earnings of Affiliated Companies (billions of yen) ＊ Exc
Slide 20: (Reference) Transition of Financial Performance
(Reference) Transition of Financial Performance Forecast (IFRS) 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(%) 30.2 29.9 29.3 8.2 8.2 8.2 8,971 8,964 8,977 8,958
Slide 21: Assumption: Vehicle Production and Retail Sales
(Reference) Assumption: Vehicle Production and Retail Sales (thousands of vehicles) Assumption FY2019 Results Change (’20/4-’21/3) (’19/4-’20/3) T Japan 3,304 - o Vehicle y Production Overseas 5,437 - o *1 t Total To be determined 8,741 - a & Retail Japan 1,587 - L Vehicle Overseas 7,879 - e Sales x
Slide 22: 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 P4,7,12 P15,18,20 Number