Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 FY2014 Earnings Presentation
17 slides from Nissan Motor's earnings presentation, Jul 28, 2014
Slide 1: FY2014 first-quarter financial results
FY2014 first-quarter financial results Nissan Motor Co., Ltd July 28, 2014 Key performance indicators : financial results (TSE report basis - China JV Equity basis) (billion yen) Net revenue Operating Free cash flow Net cash Net income profit (Auto) (Auto) 916.3 2,465.6 2,232.9 622.9 122.6 112.1 108
Slide 2: FY14 business update
FY14 business update FY14 1st quarter sales performance FY14 1st quarter consolidated financial performance (C) Copyright NISSAN(C) Copyright MOTOR NISSAN MOTOR CO., LTD. CO., LTD. 3 www.nissan-global.com All rights reserved. xxxx All rights reserved. 3 www.nissan-global.com FY14 business update Com
Slide 3: FY14 business update: new plants
FY14 business update Opened new plants Cumulative sales Thailand, 2nd plant Brazil, Resende Indonesia, 2nd plant (C) Copyright NISSAN(C) Copyright MOTOR NISSAN MOTOR CO., LTD. CO., LTD. 5 www.nissan-global.com All rights reserved. xxxx All rights reserved. 5 www.nissan-global.com FY14 business updat
Slide 4: FY14 business update: zero-emission leadership
FY14 business update Zero-emission leadership EV models EV infrastructure ■ Cumulative global sales of Nissan ■OEM jointly established new LEAF reached 124,000 units company, Nippon Charge Service in Japan ■ Commercial EV e-NV200 ■ “No Charge to Charge” program in US (C) Copyright NISSAN(C) Copyrigh
Slide 5: Alliance and strategic cooperation
FY14 business update Alliance and strategic cooperation ■ Renault-Nissan Alliance posted ■ Engine assembly for Infiniti Q50 record synergies of 2.9 billion and Mercedes-Benz C-Class euros in 2013 in US ■ Joint development and production in Mexico for Infiniti and Mercedes-Benz (C) Copyright NISSAN(C
Slide 6: Sales performance: Global
FY14 1st quarter sales performance: Global TIV* Retail volume vs. FY13 **M/S 5.7% vs. FY13 **M/S 5.5% 21.12 21.69 Global +2.7% 1,240 Global +6.0% 1,170 1.16 Japan -1.9% 134 Japan -0.5% *** 5.62 China +9.1% 283 China +21.1% (thousand units) (million units) North 5.22 +6.0% North +12.6% America 446 (4
Slide 7: Sales performance: China
FY14 1st quarter sales performance: China (Jan. to Mar.) ■ FY14 1Q (Jan. to Mar.) *2 Retail volume*1 • TIV : 5.62 million units, +9.1% +21.1% • Sales: 283 k units, +21.1%*3 (thousand units) *3 283 • Market share: 5.0%, +0.5 points 234 • Sylphy sales: 69 k units, +25.2% ■ FY14 2Q (Apr. to Jun.) FY13
Slide 8: Sales performance: Europe
FY14 1st quarter sales performance: Europe Retail volume ■ TIV: 4.69 million units, +1.9% (thousand units) +13.3% ■ Europe excluding Russia: 132 k units, +9.0% 171 ■ Russia: 39 k units, +31.2% 151 ■ Market share: FY13 FY14 FY13 FY14 1Q 1Q Russia 4.1% 6.1% Market share Europe excl. Russia 3.2% 3.4% +
Slide 9: FY14 1st quarter financial performance
FY14 business update FY14 1st quarter sales performance FY14 1st quarter consolidated financial performance (C) Copyright NISSAN(C) Copyright MOTOR NISSAN MOTOR CO., LTD. CO., LTD. 17 www.nissan-global.com All rights reserved. xxxx All rights reserved. 17 www.nissan-global.com FY14 1st quarter finan
Slide 10: Operating profit variance analysis
FY14 1st quarter financial performance (TSE report basis - China JV Equity basis) Operating profit variance analysis +28.9 (billion yen) +41.5 -25.9 122.6 -9.0 -1.6 108.1 -19.4 FY13 Purch. cost Volume Selling R&D Warranty Other FY14 1Q reduction / mix exp. & & items 1Q O.P. (Including raw MFG exp. R
Slide 11: Inventory management and net cash
Inventory management (excluding China JV) Inventory status 1,000 900 970 880 800 (thousand units) 820 700 760 800 750 600 500 400 300 200 100 0 2013 2014 Sep. Dec. Jun. Jun. Mar. Dealer inventory, except some minor countries Consolidated Nissan inventory, except some minor countries (C) Copyright NI
Slide 12: Key performance indicators: management pro forma basis
Key performance indicators: financial results (management pro forma basis* ) (billion yen) Net revenue Operating Free cash flow Net cash Net income profit (Auto) (Auto) 1,012.9 2,691.8 2,512.1 155.8 760.4 117.8 112.1 82.0 -24.0 FY13 FY14 1Q 1Q -150.3 * Based on continuation of proportionate consolid
Slide 13: Appendix
(C) Copyright NISSAN(C) Copyright MOTOR NISSAN MOTOR CO., LTD. CO., LTD. 25 www.nissan-global.com All rights reserved. xxxx All rights reserved. 25 www.nissan-global.com Appendix (C) Copyright NISSAN(C) Copyright MOTOR NISSAN MOTOR CO., LTD. CO., LTD. 26 www.nissan-global.com All rights reserved. xx
Slide 14: Sales financing: funding sources
Sales financing: funding sources (As of June 2014) Equity Group Finance 9.6% (Inter-Company) ABS Off B/S 21.1% 3.3% Commercial paper 2.0% ABS On B/S S/T Loan 25.2% 3.2% L/T Loan Bonds 24.2% 11.4% Total funding amount 6,897 billion yen (C) Copyright NISSAN(C) Copyright MOTOR NISSAN MOTOR CO., LTD. CO
Slide 15: Sales financing: net credit loss ratio
Sales financing: net credit loss ratio FY13 FY14 1Q 1Q Variance Lease: 0.03% Lease: 0.04% Lease: +0.01% NFS Retail: 0.15% Retail: 0.14% Retail: -0.01% Lease: 0.24% Lease: 0.16% Lease: -0.08% NMAC Retail: 0.74% Retail: 0.54% Retail: -0.20% Lease: 0.10% Lease: 0.15% Lease: +0.05% NCF Retail: 0.20% Ret
Slide 16: Operating profit variance detail
FY14 1st quarter financial performance ( TSE report basis – China JV Equity basis ) Operating profit variance analysis (billion yen) 1. Volume / mix +28.9 Japan +8.3 US +7.2 EUR -1.5 MEX&CAN +4.7 Vol: +2.3 Vol: +23.1 Vol: +10.1 Mix: +6.0 Mix: -15.9 Mix: -11.6 Others +10.2 2. Selling expenses -25.9 J
Slide 17: Extraordinary gains/losses and other markets
FY14 1st quarter financial performance ( TSE report basis – China JV Equity basis ) Detail of extraordinary gains/losses (billion yen) FY13 FY14 Variance 1Q 1Q • Sale/disposal of fixed assets 0.3 -0.6 -0.9 • Impairment loss on fixed assets 0.0 -0.6 -0.6 • Others -0.1 -0.3 -0.2 (C) Copyright NISSAN(C