Mazda Motor Corp. · TSE:7261

Mazda Motor — Q1 FY March 2016 Earnings Presentation

28 slides from Mazda Motor's earnings presentation, Jul 30, 2015

  1. Slide 1: Fiscal Year March 2016 First Quarter Financial Results

    FISCAL YEAR MARCH 2016 FIRST QUARTER FINANCIAL RESULTS New Mazda Roadster Mazda Motor Corporation July 30, 2015 1

  2. Slide 2: Presentation Outline

    PRESENTATION OUTLINE  Highlights  Fiscal Year March 2016 First Quarter Results  Full Year Forecast and Progress of Key Initiatives 2

  3. Slide 3: Highlights

    HIGHLIGHTS 3

  4. Slide 4: Highlights

    HIGHLIGHTS  Global sales were 370,000 units, up 16% from the prior year  Full impact of the new Mazda2/Demio and phasing in of the new CX-3 globally contributed to the volume increase  New MX-5/Roadster was introduced starting from Japan  Revenue was ¥806.0 billion, operating profit was ¥53.3 bi

  5. Slide 5: Fiscal Year March 2016 First Quarter Results

    FISCAL YEAR MARCH 2016 FIRST QUARTER RESULTS 5

  6. Slide 6: FY March 2016 Financial Metrics

    FY MARCH 2016 FINANCIAL METRICS First Quarter FY March FY March Change from (Billion yen) 2015 2016 Prior Year Amount YOY(%) Revenue 705.6 806.0 100.4 14% Operating profit 56.4 53.3 (3.1) (5)% Ordinary profit 54.6 54.6 0.0 0% Profit before tax 52.8 53.9 1.1 2% Net income* 48.9 36.8 (12.1) (25)% Oper

  7. Slide 7: Global Sales Volume

    GLOBAL SALES VOLUME First Quarter FY March FY March Change from (000) 2015 2016 Prior Year Volume YOY(%) Global sales volume Japan 40 57 17 44% North America 110 116 6 6% Europe 56 54 (2) (4)% China 44 57 13 31% Other Markets 69 86 17 22% Total 319 370 51 16% <Breakdown> USA 78 81 3 3% Australia 24

  8. Slide 8: Japan

    JAPAN  Sales soared to 57,000 units up by 44% year-on- year  Despite decreased New Roadster demand, Mazda grew sales and raised market First Quarter Sales Volume (000) share by 1.8 points to +44% 57 5.2% 50  Sales of new Demio and 40 new CX-3 remained strong  New Roadster had excellent launch wi

  9. Slide 9: North America

    NORTH AMERICA  Sales were 116,000 units, up 6% year-on-year  U.S. sales were 81,000 units, up 3% Updated CX-5 - Sales growth driven by updated CX-5 and Mazda6 First Quarter Sales Volume (000) - Maintained policy of “right-price” sales 110 +6% 116 100 Canada & Canada &  Mexico sales were other 35

  10. Slide 10: Europe

    EUROPE  Sales fell by 4% year-on- year to 54,000 units  Sales in Europe excluding Russia rose by 11% to New Mazda2/Demio 49,000 units - Germany: 14,000 units, First Quarter Sales Volume (000) up 1% 56 (4)% - UK: 9,000 units, up 20% 54 50  Russia: 5,000 units, down Europe (excl. Russia) Europe 57%

  11. Slide 11: China

    CHINA  Sales increased 31% year-on-year to 57,000 units  Record-high first-quarter Mazda3/Axela sales First Quarter Sales Volume  Sales of Mazda3 were (000) strong +31% 57  Started sales of updated 50 44 CX-5 and orders are very strong 0 FY March 2015 FY March 2016 11

  12. Slide 12: Other Market

    OTHER MARKET  Sales increased by 22% year-on-year to 86,000 units  Australia: Sales were 28,000 units, up 17%. Market share increased to 9.4% - No.2 in sales by brand New CX-3 - CX-5 was the top-seller in its First Quarter Sales Volume segment (000) - New CX-3 saw strong sales +22% 86  ASEAN: Sal

  13. Slide 13: Operating Profit Change

    OPERATING PROFIT CHANGE FY March 2016 First Quarter vs. FY March 2015 First Quarter (Billion yen) Improvement Sales increase of (Deterioration) 90 SKYACTIV models Cost Volume & Improvement Marketing FY March Mix Exchange +6.5 Expense FY March 2015 +7.0 Other 2016 56.4 60 53.3 (5.7) (5.3) (5.6) Depre

  14. Slide 14: Fiscal Year March 2016 Forecast and Progress of Key Initiatives

    FISCAL YEAR MARCH 2016 FORECAST AND PROGRESS OF KEY INITIATIVES 14

  15. Slide 15: Global Sales Volume

    GLOBAL SALES VOLUME Change from FY March 2016 Prior Year First Second Full Volume YOY(%) (000) Half Half Year Global sales volume Japan 126 114 240 15 7% North America 236 213 449 24 6% Europe 114 126 240 11 5% China 99 121 220 5 3% Other Markets 160 181 341 38 12% Total 735 755 1,490 93 7% <Breakdo

  16. Slide 16: FY March 2016 Financial Metrics

    FY MARCH 2016 FINANCIAL METRICS Change from FY March 2016 Prior Year First Second Full Full Year (Billion yen) Half Half Year Revenue 1,600.0 1,650.0 3,250.0 216.1 Operating profit 95.0 115.0 210.0 7.1 Ordinary profit 100.0 115.0 215.0 2.4 Profit before tax 95.0 110.0 205.0 (4.3) Net income* 60.0 80

  17. Slide 17: Progress of Key Initiatives

    PROGRESS OF KEY INITIATIVES  On-going evolution and enrichment of SKYACTIV models - Sales of updated Mazda6/Atenza and CX-5 have been brisk  New CX-3 - Orders in Japan exceeded 10,000 units in the first month. Sales also strong in Australia - Launches in Europe began in June. Initial response in G

  18. Slide 18: Progress of Key Initiatives

    PROGRESS OF KEY INITIATIVES  Status of operations at Mexico plant and new automatic transmission plant in Thailand - In Mexico, commenced production of compact cars for Toyota in June - Smoothly implemented change to 2-shifts at new automatic transmission plant in Thailand  Reached basic agreement

  19. Slide 19: 19

    19

  20. Slide 20: Appendix

    APPENDIX 20

  21. Slide 21: Cash Flow and Net Debt

    CASH FLOW AND NET DEBT FY March 2015 FY March 2016 Change from (Billion yen) Full Year First Quarter Prior FY End Cash Flow - From Operating activities 204.5 63.0 - - From Investing activities (95.6) (26.5) - - Free Cash Flow 108.9 36.5 - Cash and Cash Equivalents 529.1 505.2 (23.9) Net Debt 171.9 1

  22. Slide 22: Revenue by Region

    REVENUE BY REGION (Billion yen) 840.3 806.0 748.3 739.7 133.5 705.6 126.7 111.5 118.3 Other 102.3 152.8 600 144.0 166.6 141.0 Europe 146.2 271.7 291.0 North 242.4 257.7 247.5 300 America 282.3 Japan 227.8 222.7 244.3 209.6 0 1Q 2Q 3Q 4Q 1Q FY March 2015 FY March 2016 22

  23. Slide 23: Revenue by Product

    REVENUE BY PRODUCT (Billion yen) 840.3 806.0 59.6 748.3 739.7 53.5 705.6 58.9 55.5 54.0 59.0 Other 53.7 54.0 58.9 Parts 59.9 600 Vehicles/ 721.8 693.5 Parts for 638.8 626.8 300 overseas 592.0 production 0 1Q 2Q 3Q 4Q 1Q FY March 2015 FY March 2016 23

  24. Slide 24: Revenue Change

    REVENUE CHANGE FY March 2016 First Quarter vs. FY March 2015 First Quarter (Billion yen) FY March 2016 806.0 FY March 2015 705.6 Japan 6% Overseas 3% 15% 10% 14% 5% 9% 5% 0% Total Volume & Mix Exchange 24

  25. Slide 25: Consolidated Wholesales

    CONSOLIDATED WHOLESALES First Quarter FY March FY March Change from (000) 2015 2016 Prior Year Global sales volume Japan 43 60 17 North America 111 115 4 Europe 52 54 2 Other Markets 73 80 7 Total 279 309 30 25

  26. Slide 26: Global Sales Volume and Consolidated Wholesales

    GLOBAL SALES VOLUME AND CONSOLIDATED WHOLESALES FY March 2016 Change from Prior Year First Second Full First Second Full (000) Half Half Year Half Half Year Global sales volume Japan 126 114 240 36 (21) 15 North America 236 213 449 10 14 24 Europe 114 126 240 0 11 11 China 99 121 220 5 0 5 Other Mar

  27. Slide 27: Key Data

    KEY DATA (Billion yen) 150 Full 131.0 Year 125.0 105.0 Full 108.4 Year 100 80.0 Full 68.9 Year 50 1Q 28.7 27.0 1Q 22.0 19.2 16.7 1Q 16.0 0 FY March FY March FY March FY March FY March FY March 2015 2016 2015 2016 2015 2016 Capital Depreciation R&D cost Spending * Data for FY March 2016 1Q are result

  28. Slide 28: Disclaimer

    DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including without limitation the conditions of the world economy in the future, the trend of the automotive industry and the risk of exchange-rate fluctuations. So, please be aware that Maz

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