Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 FY2008 Earnings Presentation
9 slides from Nissan Motor's earnings presentation, Aug 1, 2008
Slide 1: FY 2008 First Quarter Financial Results
FY 2008 First Quarter Financial Results August 1, 2008 Nissan Motor Co., Ltd FY08 first quarter financial results Highlights 9 Tough • • Environment Foreign exchange rate (120.8 -> 104.6 JPY/USD) US TIV dropped by 12.0% in FY08 1Q • US industry resale values declined sharply • Raw material prices in
Slide 2: Key performance indicators
Key performance indicators Unit sales Net Revenue COP (OPM) Net Income (K units) (billion yen) (billion yen, %) (billion yen) +6.9% -4.1% 148.4 936 875 2,446.5 -46.1% 2,347.3 92.3 -42.8% 79.9 (6.1%) 52.8 (3.4%) FY07 FY08 FY07 FY08 FY07 FY08 FY07 FY08 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 2 FY08 first quarter fina
Slide 3: FY08 1st quarter sales results: Japan and North America
FY08 1st quarter sales results: Japan (thousand units) Retail volume Operating environment / initiatives -2.2% • Minor model changes such as Note (+12.5%) and Tiida (+23.7%) improved performance 151 148 • Model mix improvement with X-TRAIL and New Teana • Domestic production increased +38.2% due to
Slide 4: Production status in North America
Production status in North America [Immediate actions] • Production adjustment at Smyrna plant ¾ Truck : 4 days/week with 2 shifts from April to 5 days/week with 1 shift from August ¾ Passenger : 5 days/week with 2 shifts + additional 1H overtime per day from July • Production adjustments at Canton
Slide 5: FY08 1st quarter sales results: GOM
FY08 1st quarter sales results: GOM* Incl. China (thousand units) Retail volume 132.4 +26.3% (thousand units) +23.6% 104.8 302 80.7 Nissan 244 60.4 +Infiniti 44.4 51.7 DFL FY07 FY08 FY07 FY08 1Q 1Q 1Q 1Q China • In the Middle East, Nissan • Nissan sales up +26.3% to 132.4 k units sales up +59.4% to
Slide 6: Operating profit variance analysis
FY08 1st quarter financial results Operating profit variance analysis (billion yen) 148.4 -54.7 79.9 -42.0 +14.1 +14.1 FY07 FOREX Provision for Purch. cost Others FY08 1Q residual risk reduction 1Q O.P. on leased + O.P. vehicles Raw material / energy cost 10 FY08 first quarter financial results Used
Slide 7: Financial results; FY08 product launches
FY08 1st quarter financial results (A) (B) (B)/(A) (billion yen) FY07 FY08 Variance 1Q 1Q Consolidated operating profit 148.4 79.9 -46.1% Non-operating 2.9 2.6 Ordinary profit 151.3 82.5 -45.5% Extraordinary -2.9 -7.2 Profit before tax 148.4 75.3 -49.3% Taxes & Minority interest -56.1 -22.5 Net inco
Slide 8: FY08 outlook
FY08 product launches Regional launches * Japan Europe Teana North America Murano G37 Murano GT-R GT-R G37 Coupe X-TRAIL Clean Diesel 370Z 370Z EX FX General Overseas Markets Qashqai Livina Series Murano X-TRAIL EX FX 14 * Regional launch: new model that has already sold in other region FY08 first q
Slide 9: Risks and opportunities; NISSAN GT 2012 update
Risks and opportunities Opportunities + Pricing + FOREX + GOM growth + Product launches Risks – Commodity and energy prices – TIV in US / Western Europe – Further decline of used vehicle values in US – Model mix deterioration 16 FY08 first quarter financial results NISSAN GT 2012 update Quality le