Honda Motor Co., Ltd. · TSE:7267
Honda Motor — Q3 2022 Earnings Presentation
31 slides from Honda Motor's earnings presentation, Feb 9, 2022
Slide 1: FY22 3rd Quarter Financial Results
FY22 3rd Quarter Financial Results February 9, 2022 1
Slide 2: Contents
Contents • Outline of FY22 3rd Quarter Financial Results and FY22 Financial Forecasts • Financial Results and Forecasts • FY22 Nine Months Results • FY22 Financial Forecast 2
Slide 3: Main Market (Automobiles) - Japan
Main Market (Automobiles) ■Sales Results in FY22 Japan Retail <Industry demand> Unit vs. FY21 Lower than the same period last year due to YTD (Apr.- Dec.) (thousand) (%) the impact of the semiconductor supply shortage. Industry Demand * 3,019 93.5 <Honda> Unit Sales 398 92.1 YTD: Despite the increas
Slide 4: Main Market (Automobiles) - U.S.A.
Main Market (Automobiles) ■Sales Results in FY22 U.S.A. Retail <Industry demand> YTD (Apr.- Dec.) Unit vs. FY21 YTD: Although demand recovered due mainly to (thousand) (%) the economic stimulus measures, the results Industry Demand * 11,151 100.8 stayed almost the same level as the same period last
Slide 5: Main Market (Automobiles) - China
Main Market (Automobiles) China Retail ■Sales Results in FY22 Unit vs. FY21 <Industry demand> YTD (Apr.- Dec.) (thousand) (%) Despite the demand recovery by the economic stimulus measures, lower than the same period last year Industry Demand * 19,791 91.5 due mainly to the impact of the semiconducto
Slide 6: Main Market (Motorcycles)
Main Market (Motorcycles) Main Countries Wholesale ■Sales Results in FY22 YTD (Apr.- Dec. ) Unit vs. FY21 <Industry demand> (thousand) (%) Despite the impact of COVID-19 remains, the demand India 2,560 96.8 recovered in many countries. Vietnam 1,543 96.3 <Honda> YTD: Exceeding the same period last y
Slide 7: Outline of FY22 Nine Months Results (Consolidated)
Outline of FY22 Nine Months Results (Consolidated) Operating profit : Despite the decrease in automobile unit sales caused by the supply shortage of certain parts including semiconductors and the increase in raw material costs, due mainly to efforts for cost reduction and control incentives, and the
Slide 8: FY22 Financial Forecast (Consolidated)
FY22 Financial Forecast (Consolidated) vs Previous Forecast: Operating profit : Expecting the challenging environment to continue, such as resurgence of COVID-19, the supply shortage of certain parts including semiconductors, and the increase in raw material costs. With continuing efforts to improve
Slide 9: Dividends
Dividends Change from Dividend per Share FY22 FY22 previous (Yen) Previous Expectation expectation Interim Dividend 55 55 - Year-end Dividend (55)* (55) - Fiscal Year (110) (110) - *（ ）: Expected value 9
Slide 10: Summary: FY22 3rd Quarter Financial Results
Summary : FY22 3rd Quarter Financial Results FY22 Nine Months Results • Production and the semiconductor supply shortage improved from the previous forecast • Results by global allocation of inventory, switching to alternative parts, and cooperation from our suppliers. • YoY increase in sales and
Slide 11: Contents
Contents • Outline of FY22 3rd Quarter Financial Results and FY22 Financial Forecasts • Financial Results and Forecasts • FY22 Nine Months Results • FY22 Financial Forecast 11
Slide 12: Honda Unit Sales <FY22 Nine Months>
Honda Unit Sales <FY22 Nine Months> Unit (thousand) Motorcycles Automobiles Life Creation Honda Group Unit Sales FY21 FY22 Change FY21 FY22 Change FY21 FY22 Change Japan 155 180 + 25 418 385 - 33 233 266 + 33 North 240 332 + 92 1,098 978 - 120 1,815 2,092 + 277 America Europe 159 240 + 81 77 76 -1 5
Slide 13: Change in Profit before Income Taxes <FY22 Nine Months>
Change in Profit before Income Taxes <FY22 Nine Months> Yen (billion) Profit before Income Taxes + 186.5 ( + 28.3 % ) Operating Profit + 224.6 ( + 50.3 % ) Excluding currency effects + 97.7 + 126.9 - 47.5 845.2 + 9.4 + 80.0 - 54.0 * Share of profit Finance + 81.4 - 9.7 of investments income 658.7 Co
Slide 14: Sales Revenue/Operating Profit by Business Segment <FY22 Nine Months>
Sales Revenue/Operating Profit (Margin) by Business Segment <FY22 Nine Months> upper：FY22 Motorcyle Automobile Financial Services Life Creation and lower：FY21 Business Business Business Other Businesses Unit (thousand) 12,775 3,000 - 4,500 Honda Group (7,964) (1,792) - (4,500) Unit Sales (Consolidat
Slide 15: Cash Flows of Non-financial Services Businesses
Cash Flows of Non-financial Services Businesses Yen (billion) Nine Months FY21 FY22 Cash flows from operating activities + 761.5 + 563.0 Cash flows from investing activities - 657.5 - 384.7 Free cash flow + 104.0 + 178.3 Cash flows from financing activities - 15.1 - 336.7 Effects of exchange rate ch
Slide 16: Contents
Contents • Outline of FY22 3rd Quarter Financial Results and FY22 Financial Forecasts • Financial Results and Forecasts • FY22 Nine Months Results • FY22 Financial Forecast 16
Slide 17: Forecast: Honda Unit Sales
Forecast: Honda Unit Sales Unit (thousand) Motorcycles Automobiles Life Creation Honda FY22 FY22 FY22 FY22 FY22 FY22 Group Unit Change Change Change Sales Previous Revised Previous Revised Previous Revised Japan 235 240 +5 530 550 + 20 335 345 + 10 North 440 420 - 20 1,405 1,330 - 75 2,845 2,570 - 2
Slide 18: FY22 Forecast: Change in Profit before Income Taxes (vs Previous Forecast)
FY22 Forecast: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes + 160.0 ( + 18.6 % ) Operating Profit + 140.0 ( + 21.2 % ) Excluding currency effects + 130.0 + 10.0 + 10.0 1,020.0 + 16.0 + 10.0 + 111.0 Share of profit Finance Currency income R&D effects of investments an
Slide 19: FY22 Forecast: Change in Profit before Income Taxes (vs FY21)
FY22 Forecast: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes + 105.9 ( + 11.6 % ) Operating Profit + 139.7 ( + 21.2 % ) Excluding currency effects - 1.3 + 141.0 - 62.7 + 28.8 1,020.0 + 74.7 - 35.0 + 9.0 - 50.0 Share of profit Finance of investments income 914.0 Cost r
Slide 20: FY22 Forecast: Capital Expenditures, Depreciation and R&D
FY22 Forecast: Capital Expenditures, Depreciation and R&D Change from FY21 FY22 Change previous Yen (billion) Results Forecast forecast Capital expenditures *1 321.2 320.0 - 1.2 - Depreciation and amortization *1 365.8 370.0 + 4.1 - Research and development expenditures *2 780.0 820.0 + 39.9 - 20.0
Slide 21: Caution with Respect to Forward-Looking Statements
Caution with Respect to Forward-Looking Statements: This slide contains forward-looking statements ab out the performance of Honda, which are b ased on management’s assumptions and b eliefs taking into account information currently availab le to it. Therefore, please b e advised that Honda’s actual
Slide 22: HONDA The Power of Dreams
HONDA The Power of Dreams
Slide 23: Appendix
Appendix 23
Slide 24: FY22 3rd Quarter Financial Results (Consolidated)
FY22 3rd Quarter Financial Results (Consolidated） Unit (thousand) <Honda Group Unit Sales> Honda Group QTD Unit Sales FY21 FY22 Increase from the same period last year due Change Results Results Motorcycles (Consolidated Unit Sales) mainly to a increase in Indonesia. 4,269 4,602 + 7.8% Motorcycles (
Slide 25: Change in Profit before Income Taxes <FY22 3rd Qtr>
Change in Profit before Income Taxes <FY22 3rd Qtr> Yen (billion) Profit before Income Taxes - 101.5 ( - 26.3 %) Operating Profit - 48.2 ( - 17.4 %) Excluding currency effects - 94.2 386.4 - 111.6 + 45.9 - 52.4 + 68.1 - 27.9 - 0.8 284.8 - 22.8 R&D Currency Revenue, Share of profit Finance effects mo
Slide 26: Sales Revenue/Operating Profit by Business Segment <FY22 3rd Qtr>
Sales Revenue/Operating Profit (Margin) by Business Segment <FY22 3rd Qtr> upper：FY22 Motorcyle Automobile Financial Services Life Creation and lower：FY21 Business Business Business Other Businesses Unit (thousand) 4,602 1,085 - 1,270 Honda Group (2,877) (610) - (1,270) Unit Sales 4,269 1,380 - 1,40
Slide 27: Change in Sales Revenue
Change in Sales Revenue (Sales revenue from external customers) Yen (billion) Three Months compared with FY21 : - 82.7 / - 2.2 % (Excluding currency translation effects：- 312.4 / - 8.3 %) Change FY21 FY22 Change excluding currency translation effects （％） Motorcycle Business 490.8 578.3 + 87.5 + 57.8
Slide 28: Sales Revenue / Operating Profit by Geographical Segment
Sales Revenue / Operating Profit by Geographical Segment Yen (billion) Japan North America Europe Asia Other Regions Three Months FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 Sales 1,078.2 1,121.6 2,167.8 1,954.0 173.5 131.0 1,028.9 1,131.3 137.7 162.5 Revenue Operating 43.6 11.6 149.9 134.6 7.
Slide 29: Capital Expenditures, Depreciation and R&D <FY22 3rd Qtr>
Capital Expenditures, Depreciation and R&D <FY22 3rd Qtr> QTD YTD FY21 FY22 FY21 FY22 Change Change Yen (billion) Results Results Results Results Capital expenditures 92.4 65.5 - 26.8 212.5 192.4 - 20.0 Depreciation and 92.2 86.4 - 5.7 272.7 280.1 + 7.3 amortization Research and development 188.2 20
Slide 30: Sales Revenue/Operating Profit by Business Segment
Sales Revenue/Operating Profit by Business Segment Yen (billion) QTD YTD FY21 FY22 Change Change FY21 FY22 Change Segment Information 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q (%) Change Results Results (%) Sales Revenue Motorcycle Business 274.2 493.0 490.8 529.1 518.2 505.5 578.3 + 87.5 + 17.8% 1,258.1 1,602.0 + 34
Slide 31: Honda Group Unit Sales/Consolidated Unit Sales
Honda Group Unit Sales/Consolidated Unit Sales Unit (thousand) QTD YTD Forecast FY21 FY22 Honda Group FY21 FY22 FY21 FY22 Unit Sales 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change Change Change Results Results Results Forecast Motorcycles 1,855 4,467 4,269 4,541 3,879 4,294 4,602 + 333 10,591 12,775 + 2,184 15,132