Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2021 Earnings Presentation
24 slides from Toyota Motor's earnings presentation, 2021
Slide 1: Opening remarks
Hello everyone, thank you for joining us today. I am Kenta Kon. We would like to express our heartfelt appreciation to our customers around the world who chose us as well as our shareholders, dealers and suppliers who support us. 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements and TOYOTA 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 know
Slide 3: FY2021 Financial Performance
TOYOTA FY2021 Financial Performance Toyota Motor Corporation voluntarily adopted Intemational Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 2021. Therefore, the contents from the next page are described based on IFRS
Slide 4: Fiscal year results: vehicle sales
Let me discuss our financial results for the fiscal year which ended in March 2021. Consolidated vehicle sales was at 7 million 646 thousand units, which was 85.4% of such sales of the previous fiscal year. Toyota and Lexus brand vehicle sales was at 9 million 87 thousand units, which was 96% of suc
Slide 5: Consolidated financial results for the fiscal year
Consolidated financial results for the fiscal year were: Sales revenue of 27 trillion 214.5 billion yen, Operating income of 2 trillion 197.7 billion yen, Pre-tax income of 2 trillion 932.3 billion yen and Net income of 2 trillion 245.2 billion yen. 5
Slide 6: Factors impacting operating income year on year
I would like to explain the factors which impacted operating income year on year. First, the effects of foreign exchange rates decreased operating income by 255 billion yen. Second, cost reduction efforts increased operating income by 150 billion yen. Third, the effects of marketing activities decre
Slide 7: Operating income by region
Next I will explain operating income for each region. In Japan, Europe and other regions, operating income decreased year on year mainly due to the decrease in sales volume. On the other hand, in North America and Asia, operating income increased year on year, thanks mainly to marketing efforts and
Slide 8: China business and Financial Services
Next, let me explain our consolidated subsidiaries and equity-method associates and joint ventures in China as well as our Financial Services business. As for our China business, both operating income of consolidated subsidiaries and our share of profit of investments accounted for using the equity
Slide 9: Return to shareholders
Next, I would like to explain our return to shareholders. 9
Slide 10: Year-end and annual dividend
We plan to make a year-end dividend of 135 yen per common share. Together with the interim dividend of 105 yen per common share, which included a special dividend of 5 yen, the annual dividend for the fiscal year will be 240 yen per common share, an increase of 20 yen per common share compared to th
Slide 11: Share repurchases
As for share repurchases, we postponed them for the interim period of the fiscal year ended March 2021 due to the spread of COVID-19. With regard to the year- end shareholder return, we plan to buy back up to 250 billion yen. We will continue to implement share repurchases in a flexible manner, taki
Slide 12: Common share stock split
We will split our common shares at the ratio of 5 shares for each share with the record date of September 30, 2021. The purpose of the stock split is to reduce the minimum investment price, thereby creating an environment where it is easier to invest in our shares. 12
Slide 13: Forecasts for fiscal year ending March 2022
Now, let us move on to discuss the forecasts for the fiscal year ending March 2022. 13
Slide 14: Vehicle sales forecast FY2022
Consolidated vehicle sales for the fiscal year ending March 2022 are expected to be 8 million 700 thousand units, which is 113.8% of such sales of the previous fiscal year. Vehicle sales are expected to increase in each region. Toyota and Lexus brand vehicle sales are expected to be 9 million 600 th
Slide 15: Full-year consolidated financial forecast
Next, let me explain the full-year consolidated financial performance. We have assumed the foreign exchange rates to be 105 yen per U.S. dollar and 125 yen per euro. Based on this, our forecasts of consolidated financial performance are: Net revenue of 30 trillion yen Operating income of 2 trillion
Slide 16: Factors impacting forecast operating income
I would like to explain the factors which will impact operating income year on year. Firstly, we anticipate that cost reduction efforts will decrease operating income by 135 billion yen, largely due to the significant negative impact of increased prices of materials, despite the planned improvement
Slide 17: (Reference) Consolidated Vehicle Sales (FY2021 4Q)
(Reference) Consolidated Vehicle Sales (FY2021 4Q) (thousands of vehicles) 2,500 5 2,097 2,208 105.3% 2,000 4 583 612 105.0% 1,500 4 600 630 105.0% 1,000 252 280 111.2% SD 4 345 374 108.2% 0 317 312 98.6% FY2020 4Q FY2021 4Q Year on Year ‘20.1-3 '21.1-3 <Reference> Toyota and Lexus vehicle sales 2,0
Slide 18: (Reference) Consolidated Financial Summary (FY2021 4Q)
(Reference) Consolidated Financial Summary (FY2021 4Q) billions of yen) Sales Revenues Operating Income Margin Other Income Income before Income Taxes Net Income Attributable to Toyota Motor Corporation Margin US$ FOREX Rates FY20214Q ‘21.1-3 7,689.3 689.8 9.0% 372.5 149.5*! 1,062.3 777.1 10.1% 106y
Slide 19: (Reference) Analysis of Consolidated Operating Income (FY2021 4Q)
(Reference) Analysis of Consolidated Operating Income (FY2021 4Q) TOYOTA (bitions of yen) +440.0 Excluding the overall impact of foreign exchange fates and swap valuation gains/losses, etc. -30.1 689 8 15.0 . Other *4 Increase or Decrease in Expenses and Expense 359.9 Reduction Efforts *3 — — Effect
Slide 20: (Reference) Geographic Operating Income (FY2021 4Q)
(Reference) Geographic Operating Income (FY2021 4Q) Usd hott, HEEB Operating Income (billions of yen) (Excluding Valuation Gains!Losses from Interest Rate Swaps,etc) [ Jmargin +--+ Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other 630 (105.0%) 345 252 280 (111.2%)
Slide 21: (Reference) China Business / Financial Services (FY2021 4Q)
(Reference) China Business / Financial Services (FY2021 4Q) TOYOTA (Reference) China Business Financial Services Operating Income HEE Operating income of Subsidiaries (billions of yen) HEI Operating | (Cations of yen) — Smee een EE) ‘Excluding Valuation Gains/Losses from interest Rate Swaps, etc Met
Slide 22: Total Liquid Assets, Shareholder Return, R&D Expenses
Total Liquid Assets** (billions of yen) 1,579.4 93721 9.4544 oy Interest- ~~ Bearing Debt? Net Liquid TIRE Ass 8.0259 goo 80514 #2 82mm *4 R&D activity related expenditures incurred during the reporting period ws 93 m3 m3 Total Shareholder Return* (bilions of yen) + Dividend per Share (yen) 249 ° 4.
Slide 23: (Reference) FY2022 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2022 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles’ Vehicle /2Pan — Production Overseas 3 4 Total J & Retail Japan 5 Vehicle overseas Sales on Total Total Retail Vehicle Sales*? (Including Daihatsu- & Hino- brand) “1 Including vehicle production by Toyota's unco
Slide 24: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles DAIHATSU @TOYOTA OQuvexnqs Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries Number of vehicles produced for wholesale by Toyota’s unconsolidated