Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 FY2010 Earnings Presentation
18 slides from Nissan Motor's earnings presentation, Jul 29, 2010
Slide 1: FY 2010 first-quarter financial results
FY 2010 first-quarter financial results July 29, 2010 Nissan Motor Co., Ltd. FY10 first-quarter financial results Key performance indicators: Financial results (billion yen) Net revenue Operating Net income Free cash flow Net debt profit (Auto) (Auto) +1,347.4% +35.3% 167.9 405.3 2,050.1 106.6 70.8
Slide 2: 1st quarter information update: key milestones and new partnerships
1st quarter information update Key milestones April : Ground-breaking at Sunderland battery plant, UK May : Nissan-developed Quick Charger announcement May : Ground-breaking at Smyrna EV and battery plant, USA 2 FY10 first-quarter financial results 1st quarter information update New partnerships Que
Slide 3: Customer readiness and emerging markets
1st quarter information update Customer readiness # of pre-orders in Japan and USA More than 23,000 pre-orders to date in Japan & USA (as of July 21, 2010) 25,000 Start of sales – December, 2010 20,000 Japan, U.S., Europe 15,000 10,000 5,000 0 2010 April May June 4 FY10 first-quarter financial resul
Slide 4: Various; sales performance, financial performance, FY10 outlook
1st quarter information update Various Strategic cooperation with Daimler (April) March / Micra global test drive (April) Released all-new Juke (June) 6 FY10 first-quarter financial results FY10 1st quarter sales performance FY10 1st quarter financial performance FY10 outlook 7 FY10 first-quarter fi
Slide 5: Sales performance: Global and Japan
Sales performance: Global TIV* vs. FY09 Retail volume vs. FY09 Q1 Q1 18.19 Global +19.4% 954 Global +32.0% 1.16 Japan +20.8% 15.24 North 138 Japan +19.2% 3.71 America +15.8% (+17.8%) 723 (3.07) (US) North 278 +23.2% (thousand units) America (million units) (212) (+22.6%) (US) 4.76 Europe -2.0% 141 E
Slide 6: Sales performance: North America and Europe
Sales performance: North America US retail volume TIV increased 17.8%* to 3.1 million units in (thousand units) +22.6%* US 212 Sales in US increased 22.6% to 212 k units 173 Canada: Sales up 2.6% to 23.5 k units, market share decreased 0.1% to 5.1% Mexico: Sales up 43.3% to 41.9 k units, FY0
Slide 7: Sales performance: China and other markets
Sales performance: China (Jan. to Mar.) Retail volume by brand Sales of Nissan and Infiniti models +68.2% 243 increased 71.1% to 171 k units (thousand units) Nissan 1Q sales in China increased 68.2% to 145 171 + 243 k units, thanks to Sylphy, Teana and Infiniti Tiida 100 FY10 2Q sales results
Slide 8: Financial performance
FY10 1st quarter sales performance FY10 1st quarter financial performance FY10 outlook 14 FY10 first-quarter financial results FY10 1st quarter financial performance FY09 FY10 Variance (billion yen) 1Q 1Q Net revenue 1,514.8 2,050.1 +535.3 +35.3% Operating profit 11.6 167.9 +156.3 +1,347.4% Non-oper
Slide 9: Operating profit variance analysis and free cash flow
FY10 1st quarter financial performance Operating profit variance analysis (billion yen) -48.9 167.9 -6.6 +8.6 -4.5 -2.3 -8.2 +24.4 +6.6 11.6 -15.3 +171.8 -9.1 +39.8 FY09 FOREX Raw Purch. Volume Selling Residual R&D Mfg. Warranty Sales AFL After sales FY10 1Q material cost / mix exp. risk on exp. exp
Slide 10: Inventory management and debt structure
Inventory management Inventory levels remain lean 800 74 (New vehicles inventory) 80 700 70 600 57 60 (thousand units) 500 670 43 44 44 50 42 42 (Days) 400 40 470 520 300 440 410 490 470 30 200 20 100 10 0 0 2008 2009 2010 Dec Mar Jun Sep Dec Mar Jun Dealer inventory, except some minor countries 18
Slide 11: FY10 outlook (No change)
FY10 1st quarter sales performance FY10 1st quarter financial performance FY10 outlook 20 FY10 first-quarter financial results FY10 outlook (No change) (billion yen) (A) (B) (B)-(A) * FY09 FY10 Variance Net revenue 7,517.3 8,200.0 +682.7 +9.1% Operating profit 311.6 350.0 +38.4 +12.3% Ordinary profi
Slide 12: Upcoming Topics and FY10 all-new product launches
Upcoming Topics Period Topics Start sales of the new Micra in India Begin sales of the new March (manufactured in Thailand) in 2nd Japan quarter Commence export of the new Micra from India Adds automatic transmission model to clean diesel “ X-TRAIL 20GT” Launch the new March in China Int
Slide 13: Appendix
24 FY10 first-quarter financial results Appendix 25 FY10 first-quarter financial results
Slide 14: Sales financing: funding sources and penetration
Sales financing : Funding sources (As of June 2010) Equity Group Finance (Inter-Company) 11.4% 18.8% ABS Off B/S Commercial 7.1% paper 2.2% S/T Loan 1.0% ABS On B/S L/T Loan 25.9% 21.8% Total funding amount 3,783 billion yen Bonds 11.8% 26 FY10 first-quarter financial results Sales financing: penetr
Slide 15: Sales financing: net credit loss ratio, operating profit and asset
Sales financing: net credit loss ratio FY09 FY10 1Q 1Q Variance Lease: 0.07% Lease: 0.06% Lease: -0.01% NFS Retail: 0.25% Retail: 0.30% Retail: +0.05% Lease: 0.92% Lease: 0.29% Lease: -0.63% NMAC Retail: 1.95% Retail: 0.85% Retail: -1.10% Lease: 0.18% Lease: 0.27% Lease: +0.09% NCF Retail: 0.12% Ret
Slide 16: Operating profit variance details and non-operating items
FY10 1st quarter financial performance Operating profit variance analysis (billion yen) 1. Foreign exchange impact -15.3 USD -20.8 (97.4 to 92.0) RUB 0.0 (3.04 to 3.04) CAD +3.0 (83.4 to 89.5) EUR* -1.1 AUD +3.2 (74.0 to 81.1) Others +0.4 2. Volume / mix +171.8 Japan +8.8 US +67.2 EUR +23.3 MEX&CAN
Slide 17: Extraordinary gains/losses and free cash flow variance
FY10 1st quarter financial performance Detail of extraordinary gains/losses (billion yen) FY09 FY10 1Q 1Q Variance • Sale/disposal of fixed assets -1.2 4.7 +5.9 • Sale of investment securities 1.8 1.4 -0.4 • Impairment loss on fixed assets -0.9 -0.1 +0.8 • Special addition to retirement benefits -1.
Slide 18: Detail of other markets retail sales
FY10 1st quarter retail sales FY10 1Q Detail of other markets FY09 1Q 243.2 200 (thousand units) 144.6 100 64.8 42.7 33.1 20.7 45.1 42.4 11.1 13.3 0 Asia & China M.East Africa Latin Oceania America 34 FY10 first-quarter financial results 35 FY10 first-quarter financial results