Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2014 Earnings Presentation
25 slides from Toyota Motor's earnings presentation, May 8, 2014
Slide 1: FY2014 Financial Results
FY2014 Financial Results Camry (NY International Auto Show 2014 exhibition car) Toyota Motor Corporation May 8, 2014
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionaryy Statement with Respect p to Forward-Looking g Statements 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 known and unknown risks, uncertainties and ot
Slide 3: Caution concerning Insider Trading
Caution concerning g Insider Trading g Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is pprohibited from tradingg
Slide 4: FY2014 Financial Results
FY2014 Financial Results FY2014 Financial Performance FY2015 Financial Forecasts
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) 10 000 10,000 8,871 9,116 (+245) 8,000 , 2,365 (+86) Japan 2 279 2,279 N. America 6,000 Europe 2 469 2,469 2 529 2,529 (+60) Asia 4,000 Other 799 844 (+45) Central and South America, 1,684 1,609 (-75) Oceania, 2,000 Africa, The Middle 1 640 1,640 1
Slide 6: Consolidated Financial Summary
Consolidated Financial Summaryy (billions of yen) FY2013 FY2014 Change (’12/4-’13/3) (’13/4-’14/3) Net Revenues 22,064.1 25,691.9 +3,627.7 3,627.7 +16.4% 16.4% Operating Income 1,320.8 2,292.1 +971.2 +73.5% Operating margin 6.0% 8.9% - - Income before income taxes and equity in earnings of affiliate
Slide 7: Analysis of Consolidated Operating Income
Analysis y of Consolidated Operating p g Income (billions of yen) Effects of +180.0 FOREX -480.0 Rates *1 +290.0 Marketing -51.6 2,292.1 Efforts *2 +132 8 +132.8 Cost Increase in Expenses, Valuation Other *4 Reduction Gains/Losses +900.0 Efforts etc. *3 from Interest Rate Swaps 1,320.8 ’12/4 ’13/3 ’
Slide 8: Analysis of Consolidated Operating Income (vs. Previous Forecasts)
Analysis y of Consolidated Operating p g Income (vs. Previous Forecasts) (billions of yen) +20.0 +95.0 -222.9 Effects of Costt Reduction C R d ti FOREX Rates and Marketing Efforts Increase in 2,400.0 Expenses, 2,292.1 etc. Previous Forecasts Operating p g Income ((-107.9)) FY2014 Results (’13/4-’14/
Slide 9: Geographic Operating Income: Japan
Geographic g p Operating p g Income：Japan p Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) Operating Income 1 510 1 billion yen 1,510.1 2,365 (+86) (+933.8 billion yen year on year) 2,279 Increased mainly due to favorable foreign exchange rates and cost reduc
Slide 10: Geographic Operating Income: North America
Geographic Operating Income：North America Operating Income (billions of yen) Excluding Valuation Gains/Losses from Interest Rate Swaps Operating Income ● Consolidated Vehicle Sales (thousands of vehicles) <Excludingg Valuation Gains/Losses from Interest Rate Swaps> p 2,529 (+60) 341.5 billion yen 2,
Slide 11: Geographic Operating Income: Europe
Geographic g p Operating p g Income：Europe p Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) Operating Income 58 2 billion yen 58.2 844 (+45) (+31.7 billion yen year on year) 799 Increased mainly due to increased vehicle sales and cost reduction efforts 58.2 2
Slide 12: Geographic Operating Income: Asia
Geographic g p Operating p g Income：Asia Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) Operating Income 395 7 billion yen 395.7 1,684 1,609 (-75) (+19.6 billion yen year on year) Increased mainly due to cost reduction efforts 376.0 395.7 FY2013 FY2014 Operat
Slide 13: Geographic Operating Income: Central & South America, Oceania, Africa and The Middle East
Central & South America, Geographic Operating Income : Oceania Africa and The Middle East Oceania, Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) Operating Income 1,769 ((+129) 129) 42 5 billion yen 42.5 (-91.1 billion yen year on year) 1,640 Decreased due to
Slide 14: Financial Services Operating Income
Financial Services Operating p g Income (billions of yen) Operating Income < Excludingg Valuation Gains/Losses from Interest Rate Swaps p > 316.9 billion yen (+30.7 billion yen year on year) IIncreasedd mainly i l due d tot increased i d lending l di bbalance l andd translational impact of the forei
Slide 15: Equity in Earnings of Affiliated Companies
Equity q y in Earnings g of Affiliated Companies p (billions of yen) 350 318.3 (+86.8) 300 Japan China 250 231.5 Other 201 2 201.2 (+67 5) (+67.5) 200 133.6 Sales Results in China 150 (thousands of vehicles) ’12/1-12 ’13/1-12 100 Retail Sales 60.8 86.3 (+25.5) Volume 840 917 50 37.0 30.8 (-6.2) 0 FY
Slide 16: Shareholder Return
Shareholder Return Full Year Dividend : 165 yen per share Full-Year (Total Amount of Payment ： 522.9 billion yen, Payout Ratio 28.7%) Dividend per Share Net Income (yen)) (y Dividend per Share and Net Income ((billions of yen) y ) Net Income (Right axis) 200 165 20,000 2,000 150 120 140 15,000 1,500
Slide 17: Establishment of Toyota Mobility Foundation and Share Repurchase
Establishment of Toyota Mobility Foundation and Share Repurchase (Shareholder Return) <disclosed on March 26 26, 2014> Reduction of 30 million (max) issued and outstanding shares 1. Transfer to 2. Repurchase 3. Cancellation Current the Foundation 60 million shares 30 million shares 30 million shares
Slide 18: FY2015 Financial Forecasts
FY2014 Financial Results FY2014 Financial Performance FY2015 Financial Forecasts
Slide 19: FY2015 Forecasts: Consolidated Vehicle Sales
FY2015 Forecasts: Consolidated Vehicle Sales ( thousands of vehicles ) 10,000 9,116 9,100 (-16) 8,000 2,365 2,210 (-155) Japan N. America 6,000 Europe 2,529 2,620 (+91) Asia 4,000 844 850 (+6) Other Central and South America, 1,609 1,630 (+21) Oceania, 2 000 2,000 Africa, The Middle 1,769 1,790 (+21
Slide 20: FY2015 Forecasts: Consolidated Financial Summary
FY2015 Forecasts: Consolidated Financial Summaryy (billions of yen) FY2014 Results FY2015 Forecasts (’13/4-’14/3) (’14/4-’15/3) Change Net Revenues 25,691.9 , 25,700.0 , +8.1 Operating Income 2,292.1 2,300.0 +7.9 Operating margin 8.9% 8.9% - Income before income taxes and equity in earnings of affil
Slide 21: Analysis of FY2015 Forecasts: Consolidated Operating Income
Analysis y of FY2015 Forecasts: Consolidated Operating p g Income (billions of yen) Profit Improvement Activities +40.0 Cost Reduction Increase in Effects of 2,292.1 FOREX Rates Efforts Expenses* 2,300.0 -95.0 Volume/ Other +165.0 Model Mix -200.0 Marketing +182.9 Efforts -120.0 120 0 +75.0 Non-recu
Slide 22: FY2015 Consolidated Forecasts: CAPEX, Depreciation, R&D
FY2015 Consolidated Forecasts: CAPEX, Depreciation, R&D (billions of yen) Capital Expenditures Depreciation Expenses R&D Expenses 1,000.7 1,020.0 960.0 910.5 810 0 810.0 775.9 FY2014 Results FY2015 Forecasts FY2014 Results FY2015 Forecasts FY2014 Results FY2015 Forecasts (’13/4-’14/3) (’14/4-’15/3)
Slide 23: FY2014 Financial Results
FY2014 Financial Results VOXY Toyota Motor Corporation May 8, 2014
Slide 24: (Reference) FY2015 Forecasts: Vehicle Production and Sales
(Reference) FY2015 Forecasts: Vehicle Production and Sales (thousands of vehicles) FY2014 Results FY2015 Forecasts (’13/4-’14/3) (’14/4-’15/3) T Japan 3,378 3,200 o Vehicle y Overseas 5,568 5,950 Production o t Total 8,946 9,150 a Japan*1 1,648 1,450 & L Vehicle Overseas 7,406 7,750 e Sales x Total
Slide 25: Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino-brand vehicles Consolidated Vehicle D Distributor Total Retail V R rs or Dealeers outsid Toyota- and Lexus-brand vehicles Toyotaa and Lexuss Vehicle Saales Vehiccle Sales Custtomers Salees P5,19 Number of vehicles pr