Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — FY2007 Earnings Presentation
35 slides from Nissan Motor's earnings presentation, May 13, 2008
Slide 1: New mid-term plan & Fiscal year 2007 financial results
New mid-term plan & Fiscal year 2007 financial results May 13, 2008 Carlos Ghosn President & CEO 1 New mid-term plan & FY07 financial results FY07 financial results – key highlights Net revenue COP Net income (billion yen) (billion yen) (billion yen) +11.6% +4.7% 10,824.2 790.8 9,701.0 755.5 +7.4% 4
Slide 2: FY07 performance, FY08 outlook, NISSAN Value-Up review, New mid-term plan
FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan 3 New mid-term plan & FY07 financial results FY07 global product launches 4 New mid-term plan & FY07 financial results
Slide 3: FY07 sales performance: global and Japan retail sales
FY07 sales performance Global retail sales 3,770 4,000 +8.2% 3,569 3,483 3,500 3,389 3,057 (thousand units) 3,000 2,771 2,633 2,597 2,530 2,500 2,000 0 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 NRP NISSAN 180 NISSAN Value-Up 5 New mid-term plan & FY07 financial results FY07 sales performance Reta
Slide 4: FY07 sales performance: U.S. and Europe
FY07 sales performance Retail sales by region: U.S. Altima Infiniti EX 1,200 1,000 1,035 1,059 G35 Sedan Versa +3.0%* (thousand units) 800 G37 Coupe Rogue 600 400 200 TIV: 15.8 million units (-3.5%*) Nissan share: 6.7% (+0.4 points) 0 FY06 FY07 *adjusted to daily selling rates(DSR) 7 New mid-term pl
Slide 5: FY07 sales performance: General Overseas Markets
FY07 sales performance Retail sales by region: General Overseas Markets 1,200 First time to hit 1-million mark 1,061 1,000 +22.1% (thousand units) 800 869 Livina 600 400 200 0 FY06 FY07 9 New mid-term plan & FY07 financial results FY07 sales performance Retail sales by region: General Overseas Marke
Slide 6: FY07 technology advancements
FY07 technology advancements 10 all-new technologies 10 NAVI-ICC Intelligent # of innovative car technologies Pedal LDP VVEL Around View 5 5 Monitor Dual clutch 4 transmission Full Speed 3 Range ICC Pop Up 2 2 2 Engine Hood On-board eco driving service Premium Midship package FY 00 01 02 03 04 05 06
Slide 7: FY07 technology advancements: Pop Up Engine Hood, Around View Monitor
FY07 technology advancements Pop Up Engine Hood Before actuator operates After actuator operates 13 New mid-term plan & FY07 financial results FY07 technology advancements Around View Monitor Monitor display (example) 14 New mid-term plan & FY07 financial results
Slide 8: FY07 financial performance
FY07 technology advancements Lane Departure Prevention System control Warning! 15 New mid-term plan & FY07 financial results FY07 financial performance (A) (B) (B)/(A) FY06 FY06 FY07 Variance (billion yen) (Published) (Excl. 5Q)* Consolidated 10,468.6 9,701.0 10,824.2 +11.6% net revenue Consolidated
Slide 9: FY07 dividend policy
FY07 dividend policy 40 40 34 29 Dividend per share / yen 30 24 20 19 14 10 8 7 0 0 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 NRP NISSAN 180 NISSAN Value-Up 17 New mid-term plan & FY07 financial results FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan 18 New mid-term plan &
Slide 10: FY08 outlook: sales objective and product launches
FY08 outlook Global retail sales objective 3,900 4,000 +3.5% 3,770 3,569 3,500 3,389 3,483 (thousand units) 3,000 2,500 2,000 0 FY04 FY05 FY06 FY07 FY08 19 New mid-term plan & FY07 financial results FY08 all-new product launches 9 all-new global launches Japan Europe North America Mini SUV Teana QAS
Slide 11: Risks and opportunities; FY08 outlook
Risks and opportunities Opportunities + Product launches + TIV growth in emerging markets + LCV growth + Infiniti global expansion + LCC utilization (parts and services) + Expansion of alliance with AvtoVAZ Risks – Model mix deterioration – TIV decline in mature markets – Commodity and energy prices
Slide 12: NISSAN Value-Up commitments
FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan 23 New mid-term plan & FY07 financial results NISSAN Value-Up commitments Profit commitment Top level operating profit margin among global automakers in FY05-07 24 New mid-term plan & FY07 financial results
Slide 13: NISSAN Value-Up commitments: volume and ROIC
NISSAN Value-Up commitments Profit commitment Top level operating profit margin among global automakers in FY05-07 Volume commitment 4.2 million sales in FY08 FY09 25 New mid-term plan & FY07 financial results NISSAN Value-Up commitments Profit commitment Top level operating profit margin among glob
Slide 14: Revenue growth evolution
FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan 27 New mid-term plan & FY07 financial results Revenue growth evolution Consolidated net revenue 12,000 10,824 10,469 10,000 9,428 8,577 75％ (billion yen) 7,429 8,000 6,829 6,196 5,977 6,090 6,000 4,000 0 FY99 FY00 FY01 FY02 FY03
Slide 15: Sales volume evolution
Sales volume evolution Global retail sales 4,000 3,770 3,569 3,483 3,500 3,389 45％ (thousand units) 3,057 3,000 2,771 2,633 2,597 2,530 2,500 2,000 0 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 NRP NISSAN 180 NISSAN Value-Up 29 New mid-term plan & FY07 financial results 30 New mid-term plan & FY07
Slide 16: NISSAN GT 2012 commitments
NISSAN GT 2012 “Complete “Value up with “Revive our revival on track sustained “Growth for profitable company” growth” performance” and trust” FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 NRP NISSAN 180 NISSAN Value-Up NISSAN GT 2012 31 New mid-term plan & FY07 financial results
Slide 17: Quality leadership
Quality leadership Perceived Perceived Quality Quality & & Product Product Quality Quality Attractiveness Attractiveness No. 1 position in 50+% Top level in all Most of all segments Influential Indicators Quality leadership Sales Sales & & Quality Quality of of Service Service Quality Quality Manage
Slide 18: Zero-emission leadership; global TIV evolution
NISSAN GT 2012 commitments Quality leadership In products, services, brands and management Zero-emission leadership EV introduced in FY10 [U.S. and Japan] and mass-marketed in FY12 [Global] 35 New mid-term plan & FY07 financial results Global TIV evolution since 1990 70,000 65,000 60,000 (thousand u
Slide 19: Zero emission leadership: vehicles per 1,000 persons
Number of vehicles per 1,000 persons U.S. 800 Germany France 600 Japan UK 米国 ドイツ 中国 Russia 250 Brazil 150 China India <50 0 200 400 600 800 1,000 (vehicle units) Source: JAMA “World Motor Vehicle Statistics 2008” 37 New mid-term plan & FY07 financial results Zero emission leadership Mass-marketed gl
Slide 20: Sustained revenue growth
NISSAN GT 2012 commitments Quality leadership In products, services, brands and management Zero-emission leadership EV introduced in FY10 [U.S. and Japan] and mass-marketed in FY12 [Global] 5% revenue growth on average over 5 years 60 all-new models launched by FY12 More than 15 new technologies/yea
Slide 21: Sustained revenue growth: market coverage
Sustained revenue growth Number of new product launches New segment 1/ models ドイツ 中国 3 米国 Replacement models 2/ 3 41 New mid-term plan & FY07 financial results Sustained revenue growth Broader market and segment coverage 94% Market Coverage (%) 米国 ドイツ 79% 中国 FY07 FY12 42 New mid-term plan & FY07 fin
Slide 22: 5 corporate breakthroughs; dividend policy
Value Dividend – dividend policy policy Update by IR or CEO-Com 50 44 46 42 40 40 34 Dividend per share / yen 30 29 24 20 19 14 10 7 8 0 0 NRP NISSAN 180 NISSAN Value-Up NISSAN GT 2012 FY 99 00 01 02 03 04 05 06 07 08 09 10 11 12 43 New mid-term plan & FY07 financial results 5 corporate breakthrough
Slide 23: Roadmap toward zero emission
5 corporate breakthroughs 9 Quality leadership 9 Zero-emission leadership 45 New mid-term plan & FY07 financial results Roadmap toward zero emission Reducing CO2 emissions through new technologies on powertrains and vehicles 100 80 CO2 Emission (%) 60 40 VVEL+DIG Clean diesel Gasoline Engines Nissan
Slide 24: More than 15 new technologies from FY09
More than 15 new technologies from FY09 >15 # of innovative car technologies 10 10 NAVI- ICC Intelligent Pedal LDP VVEL 5 5 Around View Monitor 4 Dual clutch transmission 3 Full Speed Range ICC 2 2 2 Pop Up Engine Hood On-board eco driving service Premium Midship package FY 00 01 02 03 04 05 06 07 0
Slide 25: FY08 new technology advancements
FY08 new technology advancements Ultra-Low Precious Metal Catalyst Reduce precious metals by half for lower cost and cleaner emission 49 New mid-term plan & FY07 financial results FY08 new technology advancements Smart Auto Headlight for Twilight Reduce accident risk by unique sensor technology 50 N
Slide 26: 5 corporate breakthroughs
FY08 new technology advancements Intelligent Seatbelt Automatic seatbelt winding-up at emergency turn and slip 51 New mid-term plan & FY07 financial results 5 corporate breakthroughs 9 Quality leadership 9 Zero-emission leadership 9 Business expansion 52 New mid-term plan & FY07 financial results
Slide 27: Business expansion: Infiniti
Business expansion: Infiniti Double sales volume 300 300 250 200 (thousand units) 150 150 100 50 FY07 FY12 53 New mid-term plan & FY07 financial results Business expansion: LCV Light duty truck Mini Van Light bus Taxi Pickup Pickup 54 New mid-term plan & FY07 financial results
Slide 28: Business expansion: LCV and global entry cars
Business expansion: LCV Double revenue (including OEM and J/V sales, conversion business) 980 (billion yen) 1000 750 490 500 250 0 FY07 FY08 FY09 FY10 FY11 FY12 55 New mid-term plan & FY07 financial results Business expansion: global entry cars 2011: Alliance ultra-low-cost car with Renault and Baja
Slide 29: Business expansion: global entry cars
Business expansion: global entry cars A-Platform Sourced and produced in 5 LCC countries 米国 including ドイツ India and Thailand 中国 India Thailand 57 New mid-term plan & FY07 financial results 5 corporate breakthroughs 9 Quality leadership 9 Zero-emission leadership 9 Business expansion 9 Market expansi
Slide 30: Market expansion: India
Market expansion: India OEM (Export to Europe) Supplier: Maruti-Suzuki Scope: A-seg vehicles SOS: 2009 Delhi PV Partner: Renault Manufacturing SOP: 2010 NISSAN MOTOR INDIA M&S Partner Mumbai Partner: Hover Scope: M&S operations Partner: Ashok Leyland LCV Chakan SOP: 2010 Alliance Ultra Low Cost Car
Slide 31: Market expansion: Brazil and China
Market expansion: Brazil >100 100 (thousand units) 50 15 0 FY07 FY12 61 New mid-term plan & FY07 financial results Market expansion: China >800 800 600 (thousand units) 458 600 400 PV 307 200 LCV 151 200 0 FY07 FY12 62 New mid-term plan & FY07 financial results
Slide 32: Market expansion: Russia and Middle East
Market expansion: Russia 300 >282 (thousand units) 200 141 100 0 FY07 FY12 63 New mid-term plan & FY07 financial results Market expansion: Middle East >400 400 300 (thousand units) 198 200 100 0 FY07 FY12 64 New mid-term plan & FY07 financial results
Slide 33: Cost leadership
5 corporate breakthroughs 9 Quality leadership 9 Zero-emission leadership 9 Business expansion 9 Market expansion 9 Cost leadership 65 New mid-term plan & FY07 financial results Cost leadership: purchasing cost reduction NISSAN GT 2012 Volume per parts increase Deep Logistics Material Spec Complexit
Slide 34: Cost leadership: purchasing cost reduction
Cost leadership: purchasing cost reduction Volume per parts increase Double volume per parts (=industrial benchmark level) FY07 FY12 Product diversity reduction Parts complexity reduction Parts carry-over and carry across 67 New mid-term plan & FY07 financial results Cost leadership: purchasin
Slide 35: Cost leadership: material challenge; Renault-Nissan Alliance synergies
Cost leadership: purchasing cost reduction Material challenge 100% 50% reduction in precious metals per vehicle 50% FY07 FY09+FY10 new models Material usage reduction Scrap and abundant rate improvement (including scrap recycling expansion) Material spec optimization 69 New mid-term plan & FY0