Mazda Motor Corp. · TSE:7261
Mazda Motor — H1 FY2006 Earnings Presentation
35 slides from Mazda Motor's earnings presentation, Nov 2, 2006
Slide 1: Mazda Motor Corporation FY2006 First Half Results and Full Year Projections
MAZDA MOTOR CORPORATION FY2006 FIRST HALF RESULTS AND FULL YEAR PROJECTIONS November 2, 2006 1 2006年度中間決算 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 2: Presentation Outline
PRESENTATION OUTLINE Overview FY2006 First Half Results FY2006 Full Year Projections Close 2 2006年度中間決算 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 3: Overview
OVERVIEW 3 2006年度中間決算 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 4: FY2006 First Half Highlights
FY2006 FIRST HALF HIGHLIGHTS Operating Profit Up 43% to ¥69.8 Billion Revenues Up 13% Growth Led by North America with CX-7 Net Income was ¥27.2 Billion, Up 18% Excluding the Impact of Transfer of Pension Fund Liabilities and Impairment Losses in Last Year 4 2006年度中間決算 FY2006 及び 通期見通し First Half Res
Slide 5: FY2006 Full Year Outlook
FY2006 FULL YEAR OUTLOOK Revise Full Year Profit Projections Upward Operating Profit Up 20% to ¥148 Billion Continue Product-led Growth with CX-7 and CX-9 Substantial Improvements in Volume and Mix Continue Progress and Foundation Building under Mazda Momentum 5 2006年度中間決算 FY2006 及び 通期見通し First Half
Slide 6: FY2006 First Half Results
FY2006 FIRST HALF RESULTS 6 2006年度中間決算 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 7: FY2006 First Half Financial Metrics
FY2006 FIRST HALF FINANCIAL METRICS (Billion yen) First Half Change FY2006 FY2005 Amount Pct. Revenue 1,521.4 1,351.9 169.5 13 % Operating Profit 69.8 48.8 21.0 43 % Ordinary Profit 56.6 43.4 13.2 31 % Profit Before Tax 52.4 63.2 (10.8) (17) % Net Income 27.2 31.1 (3.9) (12) % Memo: Net Income* 27.2
Slide 8: Cash Flow & Net Debt
CASH FLOW & NET DEBT FY2006 FY2005 B/(W) Prior (Billion yen) First Half Full Year Year End Operating C/F 29.9 114.6 - Investment C/F (38.1) (81.0) - Total (8.2) 33.6 - Net Debt 263.3 246.8 (16.5) Net Debt-to-Equity 63% 62% (1) Pts Capital Spending 32.4 72.1 - 8 2006年度中間決算 FY2006 及び 通期見通し First Half
Slide 9: Key Data
KEY DATA First Half FY2006 FY2005 Change WHOLESALES (000) Consolidated 560 557 1 % EXCHANGE RATES Yen / U.S. Dollar 115 110 ¥ 5 Yen / Euro 146 136 ¥ 10 9 2006年度中間決算 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 10: Revenue Changes by Destination
REVENUE CHANGES BY DESTINATION FY2006 First Half Compared with FY2005 First Half 20% Vol. & Mix 8 % 17% Exchange 5 % 15% 13% 10% 5% 2% 0% (Billion yen) Total Domestic Overseas FY06 1,521.4 441.9 1,079.5 FY05 1,351.9 432.0 919.9 2006年度中間決算 10 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 11: Japan
JAPAN First Half FY2006 FY2005 Change Retail Sales Volume (000) 131 141 (7) % Market Share 4.8 % 5.0 % (0.2) Pts Lower Registration Vehicle Demand 2006年度中間決算 11 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 12: United States
UNITED STATES First Half FY2006 FY2005 Change Retail Sales Volume (000) 142 138 3 % Market Share 1.6 % 1.5 % 0.1 Pts Contribution of CX-7, Mazda5 and MX-5 2006年度中間決算 12 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 13: Europe
EUROPE First Half FY2006 FY2005 Change Retail Sales Volume (000) 151 138 10 % Market Share 1.6 % 1.5 % 0.1 Pts Retail Sales Volume Up 10% 2006年度中間決算 13 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 14: China
CHINA First Half FY2006 FY2005 Change Retail Sales Volume (000) 62 67 (8) % Market Share 1.8 % 2.3 % (0.5) Pts Introduction of Mazda6 5-door HB and Wagon 2006年度中間決算 14 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 15: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 First Half Compared with FY2005 First Half Billion yen [Factors for Increase] - Better mix and lower incentive with 25 22.7 CX-7 in North America. 21.0 ・Better mix globally with Premacy and 20 Roadster 14.9 [Factors for Decrease] 15 - Lower Industry Demand in Japan an
Slide 16: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 First Half Compared with FY2005 First Half Billion yen US Dollar 6.5 25 22.7 Euro 8.5 21.0 Other 7.7 20 14.9 15 10 5.3 5 0 (0.5) (5) FY06 1H 69.8 FY05 1H 48.8 (10) (9.3) (15) (12.1) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 2006年度中間決算 1
Slide 17: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 First Half Compared with FY2005 First Half Billion yen Product Upgrade (6.2) 25 22.7 Regulations (3.1) 21.0 20 14.9 Cost Reductions 15 Exceeding Raw Material Price 10 Increases 5.3 5 0 (0.5) (5) FY06 1H 69.8 FY05 1H 48.8 (10) (9.3) (15) (12.1) Total Vol & Mix Exch. Pr
Slide 18: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 First Half Compared with FY2005 First Half Billion yen Higher Quality-related Cost, R&D cost and 25 22.7 Depreciation 21.0 20 14.9 Higher Advertising 15 Cost for CX-7 in North America 10 5.3 5 0 (0.5) (5) FY06 1H 69.8 FY05 1H 48.8 (10) (9.3) (15) (12.1) Total Vol & Mi
Slide 19: FY2006 Full Year Projections
FY2006 FULL YEAR PROJECTIONS 2006年度中間決算 19 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 20: Full Year Financial Metrics
FULL YEAR FINANCIAL METRICS (Billion yen) Full Year Change FY2006 FY2005 Amount Pct. Revenue 3,150.0 2,919.8 230.2 8 % Operating Profit 148.0 123.4 24.6 20 % Ordinary Profit 140.0 101.5 38.5 38 % Profit Before Tax 130.0 117.5 12.5 11 % Net Income 82.0 66.7 15.3 23 % Memo: Net Income* 82.0 58.4 23.6
Slide 21: Key Data
KEY DATA New products and (Billion yen) Higher R&D resources 120 107.0 Higher Investment for 100 New Products. MZR 95.7 engine and Automatic 82.0 Transmission Capacity 80 Full Year 72.1 Increase. 60 45.8 47.0 49.1 50.5 1st 39.0 40 Half 32.4 21.7 22.3 20 0 FY05 FY06 FY05 FY06 FY05 FY06 Capex Deprecia
Slide 22: Key Data
KEY DATA Full Year FY2006 FY2005 Change WHOLESALES (000) Consolidated 1,180 1,149 3 % EXCHANGE RATES Yen / U.S. Dollar 113 113 ¥ 0 Yen / Euro 143 138 ¥ 5 2006年度中間決算 22 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 23: Revenue Changes by Destination
REVENUE CHANGES BY DESTINATION FY2006 Compared with FY2005 12% 11% Vol. & Mix 7% 10% Exchange 1% 8% 8% 6% 4% 1% 2% 0% (Billion yen) Total Domestic Overseas FY06 3,150.0 900.0 2,250.0 FY05 2,919.8 887.7 2,032.1 2006年度中間決算 23 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 24: Japan
JAPAN Full Year FY2006 FY2005 Change Retail Sales Volume (000) 270 287 (6) % Market Share 4.7 % 4.9 % (0.2) Pts Introduction of CX-7 at End of This Year *Photo: North American Version 2006年度中間決算 24 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 25: United States
UNITED STATES Full Year FY2006 FY2005 Change Retail Sales Volume (000) 290 262 11 % Market Share 1.8 % 1.5 % 0.3 Pts Introduction of CX-9 Early 2007 2006年度中間決算 25 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 26: Europe
EUROPE Full Year FY2006 FY2005 Change Retail Sales Volume (000) 300 282 6 % Market Share 1.6 % 1.5 % 0.1 Pts Continued Momentum 2006年度中間決算 26 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 27: China
CHINA Full Year FY2006 FY2005 Change Retail Sales Volume (000) 135 130 4 % Market Share 1.8 % 2.1 % (0.3) Pts Expand Sales with Full Line-up of Mazda6 2006年度中間決算 27 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 28: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen [Factors for Increase] - Better mix and lower incentive with CX-7 and 40 34.0 CX-9 in North America. [Factors for Decrease] 30 24.6 - Lower Industry Demand in Japan and Thailand 20 15.8 11.2 10 0.0 0 (10) FY06 148.0 FY05 123.4 (20) (18
Slide 29: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen 40 US Dollar 1.0 34.0 Euro 8.5 30 Other 6.3 24.6 20 15.8 11.2 10 0.0 0 (10) FY06 148.0 FY05 123.4 (20) (18.7) (17.7) (30) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 2006年度中間決算 29 FY2006 及び 通期見通し First Hal
Slide 30: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen Product Upgrade (12.5) Regulations (6.2) 40 34.0 CRs Net of Raw 30 24.6 Material Price Increases including 20 15.8 Aluminum, Steel and 11.2 Precious metals 10 0.0 0 (10) FY06 148.0 FY05 123.4 (20) (18.7) (17.7) (30) Total Vol & Mix Exc
Slide 31: Operating Profit Changes
OPERATING PROFIT CHANGES FY2006 Compared with FY2005 Billion yen Higher R&D costs and 40 34.0 Quality-related Cost 30 24.6 20 15.8 11.2 10 0.0 0 (10) FY06 148.0 FY05 123.4 (20) (18.7) (17.7) (30) Total Vol & Mix Exch. Product Net CR Mktg. Other Oper. Enhanc. Exp. Costs 2006年度中間決算 31 FY2006 及び 通期見通し
Slide 32: Close
CLOSE 2006年度中間決算 32 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 33: In Sum
IN SUM First Half Operating Profit Up 43% to ¥69.8 Billion Full Year Operating Profit Revised to ¥148.0 Billion Continue Progress and Foundation Building Under Mazda Momentum Announcement of Next Mid-term Business Plan by Next Spring 2006年度中間決算 33 FY2006 及び 通期見通し First Half Results & Full Year Proje
Slide 34: 34 FY2006 First Half Results & Full Year Projections
2006年度中間決算 34 FY2006 及び 通期見通し First Half Results & Full Year Projections
Slide 35: Disclaimer
DISCLAIMER The projections for FY2006 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 awa