Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2015 Earnings Presentation
24 slides from Toyota Motor's earnings presentation, Feb 4, 2015
Slide 1: FY2015 Third Quarter Financial Results
FY2015 Third Quarter Financial Results MIRAI Toyota Motor Corporation February 4, 2015
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 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 f
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is prohibited from trading in To
Slide 4: FY2015 Third Quarter Financial Results
FY2015 Third Quarter Financial Results FY2015 Third Quarter Financial Performance FY2015 Financial Forecasts ４
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) FY2015 FY2015 3Q 9 months 3,000 8,000 6,785 6,740 (-45) 2,317 2,263 (-54) Japan 6,000 1,642 1,529 (-113) 540 N. America 2,000 498 (-42) Europe 4,000 1,962 2,108 (+146) 664 712 (+48) Asia 630 634 (+4) Other 1,000 223 220 (-3) Central and 2,000 South
Slide 6: Consolidated Financial Summary (FY2015 Third Quarter)
Consolidated Financial Summary (FY2015 Third Quarter) (billions of yen) FY2014 3Q FY2015 3Q Change (’13/10-12) (’14/10-12) Net Revenues 6,585.0 7,170.0 +584.9 +8.9% Operating Income 600.5 762.8 +162.3 +27.0% Operating margin 9.1% 10.6% - - Income before income taxes and equity in earnings of affilia
Slide 7: Analysis of Consolidated Operating Income (FY2015 Third Quarter)
Analysis of Consolidated Operating Income (FY2015 Third Quarter) (billions of yen) -10.0 +80.0 Effects of +30.1 762.8 Marketing -110.0 +27.2 Activities *2 Cost Other *4 Reduction Increase in Valuation +145.0 Efforts Expenses, Gains/Losses 600.5 etc. *3 from Interest Rate Swaps, Effects of etc. FOREX
Slide 8: Consolidated Financial Summary (FY2015 9 months)
Consolidated Financial Summary (FY2015 9 months) (billions of yen) FY2014 FY2015 9 months 9 months Change (’13/4-12) (’14/4-12) Net Revenues 19,122.5 20,115.6 +993.0 +5.2% Operating Income 1,855.9 2,114.8 +258.8 +13.9% Operating margin 9.7% 10.5% - - Income before income taxes and equity in earnings
Slide 9: Analysis of Consolidated Operating Income (FY2015 9 months)
Analysis of Consolidated Operating Income (FY2015 9 months) (billions of yen) -30.0 +200.0 Effects of +36.0 2,114.8 Marketing -240.0 Cost Activities *2 +77.8 Other *4 +215.0 1,855.9 Reduction Increase in Valuation Efforts Expenses, Gains/Losses Effects of etc. *3 from Interest FOREX Rate Swaps, Rate
Slide 10: Geographic Operating Income: Japan
Geographic Operating Income：Japan Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) ◇FY2015 Third Quarter Increased due to the impact FY2015 FY2015 3Q 9 months of foreign exchange rates, cost reduction efforts, etc. 540 1,642 498 (-42) 1,529 (-113) 1,161.4 1,143
Slide 11: Geographic Operating Income: North America
Geographic Operating Income：North America Operating Income (billions of yen) Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. ◇FY2015 Third Quarter Consolidated Vehicle Sales (thousands of vehicles) Improved mainly due to ● FY2015 FY2015 increased vehicle sales and 3Q 9 months cost re
Slide 12: Geographic Operating Income: Europe
Geographic Operating Income：Europe Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) ◇FY2015 Third Quarter Improved primarily through FY2015 FY2015 3Q 9 months cost reduction efforts. 223 220 (-3) 630 634 (+4) 66.4 33.2 43.1 17.7 +15.5 +23.3 FY2014 3Q FY2015 3Q
Slide 13: Geographic Operating Income: Asia
Geographic Operating Income：Asia Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) ◇FY2015 Third Quarter Declined mainly due to FY2015 FY2015 3Q 9 months decreased vehicle sales. 422 1,201 374 (-48) 1,128 (-73) 320.6 305.7 110.0 107.6 -2.3 +14.8 FY2014 3Q FY2015
Slide 14: Geographic Operating Income: Central & South America, Oceania, Africa and Middle East
Central & South America, Geographic Operating Income : Oceania, Africa and The Middle East Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) ◇FY2015 Third Quarter Decreased due to increase FY2015 FY2015 3Q 9 months in expenses, etc. 468 459 (-9) 1,350 1,341 (-9)
Slide 15: Financial Services Operating Income
Financial Services Operating Income (billions of yen) FY2015 FY2015 3Q 9 months 242.7 249.3 80.2 86.1 FY2014 3Q FY2015 3Q Change FY2014 9 months FY2015 9 months Change Operating Income 67.3 100.5 +33.2 200.6 285.0 +84.4 Valuation Gains/Losses from Interest Rate Swaps, etc. -12.8 14.3 +27.2 -42.1 35.
Slide 16: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies (billions of yen) FY2015 FY2015 3Q 9 months 150 1,500 300 3,000 248.0 251.0 (+2.9) 250 2,500 100 1,000 89.2 85.1 (-4.1) 200 2,000 Japan 161.7 156.2 (-5.4) 150 1,500 China 58.1 55.0 (-3.0) Other 500 50 100 1,000 50 63.0 70.9 (+7.8) 500 24.1 21.9 (-2.2) 7.0 8
Slide 17: FY2015 Third Quarter Financial Results
FY2015 Third Quarter Financial Results FY2015 Third Quarter Financial Performance FY2015 Financial Forecasts 17
Slide 18: FY2015 Forecasts: Consolidated Vehicle Sales
FY2015 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,050 9,000 (-50) 9,116 Japan 8,000 2,190 2,150 (-40) 2,365 N. America Europe 6,000 2,740 2,750 (+10) 2,529 Asia Other 4,000 844 Central and 870 840 (-30) South America, Oceania, 1,540 1,510 (-30) 1,609 Africa, 2,000 The Mid
Slide 19: FY2015 Forecasts: Consolidated Financial Summary
FY2015 Forecasts: Consolidated Financial Summary (billions of yen) Previous Forecasts New Forecasts Change FY2014 Results (’14/4-’15/3) (’14/4-’15/3) (’13/4-’14/3) Net Revenues 26,500.0 27,000.0 +500.0 25,691.9 Operating Income 2,500.0 2,700.0 +200.0 2,292.1 Operating margin 9.4% 10.0% - 8.9% Income
Slide 20: Analysis of FY2015 Forecasts: Consolidated Operating Income
Analysis of FY2015 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) (billions of yen) +40.0 -25.0 -5.0 2,700.0 +15.0 Increase in Volume/ Other Cost Expenses Model Mix Marketing Reduction Efforts Efforts +175.0 Effects of Marketing Activities -10.0 2,500.0 Effects of FOREX Rates Prev
Slide 21: FY2015 Consolidated Forecasts: R&D, CAPEX, Depreciation
FY2015 Consolidated Forecasts: R&D, CAPEX, Depreciation (billions of yen) R&D Expenses Capital Expenditures ● Depreciation Expenses 1,000 10,000 820.0 812.3 775.9 900 9,000 732.9 727.3 800 8,000 1,050.0 1,000.0 1,000.7 700 7,000 910.5 706.7 852.7 807.4 730.3 779.8 600 6,000 642.3 FY2011 FY2012 FY201
Slide 22: FY2015 Third Quarter Financial Results
FY2015 Third Quarter Financial Results ALPHARD VELLFIRE Toyota Motor Corporation February 4, 2015
Slide 23: (Reference) FY2015 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2015 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) Previous Forecasts New Forecasts Change (’14/4-’15/3) (’14/4-’15/3) T Japan 3,200 3,150 -50 o Vehicle 1 y Overseas 5,800 5,800 ±0 o Production* t a Total 9,000 8,950 -50 & Japan 1,450 1,450 ±0 Vehicle 2 Oversea
Slide 24: (Reference) 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 P5,18 Number of vehicles