Honda Motor Co., Ltd. · TSE:7267
Honda Motor — Q1 2024 Earnings Presentation
22 slides from Honda Motor's earnings presentation, Aug 9, 2023
Slide 1: FY24 1st Quarter Financial Results
FY24 1st Quarter Financial Results August 9, 2023 1
Slide 2: Contents
Contents FY24 1st Quarter Financial Results • Summary • Details 2
Slide 3: Summary
Summary ■ FY24 Results ⚫ Under the strengthened fixed cost structure, profitability in Automobile Business has improved by maximizing the effects of increased sales unit mainly in North America. ⚫ Total Profit: Operating Profit 394.4 billion yen / Operating Margin 8.5% FY23 1Q FY24 1Q (Honda Group U
Slide 4: Main Market (Automobile Business)
Main Market (Automobile Business) ◼ Sales Results in FY24 (1Q) Main Countries Retail • In Japan, stayed almost the same level as the same Unit vs. FY23 period last year. QTD（ Apr. - Jun. ） （thousand） （％） • In the United States, significantly increased from the same period last year with recovery in
Slide 5: Main Market (Motorcycle Business)
Main Market (Motorcycle Business) ◼ Sales Results in FY24 (1Q) Main Countries Wholesale • In India, lower than the same period last year mainly Unit vs. FY23 due to the impact from the semiconductor supply QTD ( Apr. - Jun. ) shortage. （thousand） （％） • In Vietnam, lower than the same period last yea
Slide 6: Summary of FY24 1st Qtr. Results (Consolidated)
Summary of FY24 1st Qtr. Results (Consolidated) Operating Under the strengthened fixed cost structure, profit : operating profit increased by 172.2 billion yen to 394.4 billion yen with the maximized effects of increased sales unit mainly in North America and, implemented pricing that reflects incre
Slide 7: Stock Split and Dividends
Stock Split and Dividends 【Stock Split】 The purpose is to expand the investor base by reducing the ■ Purpose： Company’s stock price per investment unit. ■ Method of the stock split： Each share of common stock will be split into 3 shares per share. ■ Record date (tentative)： September 30, 2023 ■ Effe
Slide 8: Contents
Contents FY24 1st Quarter Financial Results • Summary • Details 8
Slide 9: FY24 1st Qtr. Results: Honda Unit Sales (Three Months)
FY24 1st Qtr. Results: Honda Unit Sales (Three Months) Unit (thousand) Motorcycles Automobiles Power Products QTD QTD QTD Honda Group Unit Sales FY23 FY24 Change FY23 FY24 Change FY23 FY24 Change Japan 56 58 +2 108 115 +7 84 60 - 24 North 110 120 + 10 267 393 + 126 684 357 - 327 America Europe 81 11
Slide 10: FY24 1st Qtr. Results: Change in Profit before Income Taxes
FY24 1st Qtr. Results: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes + 277.5 ( + 116.9 % ) Operating Profit + 172.2 ( + 77.5 % ) + 85.0 514.9 + 65.9 - 29.8 + 20.2 - 20.8 + 23.2 Other + 133.7 Expenses*2 Profit of R&D Currency equity method Price/Cost effects*3 impacts
Slide 11: Sales Revenue/Operating Profit (Margin) by Business Segment
FY24 1st Qtr. Results: Sales Revenue/Operating Profit (Margin) by Business Segment (Three Months) upper：FY24 Motorcyle Automobile Financial Services Power Products and lower：FY23 Business Business Business Other Businesses Unit (thousand) 4,473 901 - 983 Honda Group (2,870) (633) - (983) Unit Sales
Slide 12: Cash Flows of Non-financial Services Businesses
Cash Flows of Non-financial Services Businesses Yen (billion) FY23 FY24 Three Months Cash flows from operating activities + 135.1 + 398.7 Cash flows from investing activities - 284.4 - 113.0 Free cash flow - 149.3 + 285.6 Cash flows from financing activities - 119.1 - 190.7 Effects of exchange rate
Slide 13: Caution with Respect to Forward-Looking Statements
Caution with Respect to Forward-Looking Statements: This presentation contains forward-looking statements about the performance of Honda, which are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that Honda’s actua
Slide 14: HONDA How we move you.
HONDA How we move you. The Power of Dreams CREATE » TRANSCEND, AUGMENT
Slide 15: Appendix
Appendix
Slide 16: Change in Sales Revenue
Change in Sales Revenue (Sales revenue from external customers） Yen (billion) Three Months Compared with FY23 1Q : + 795.4 / + 20.8 % (Excluding currency translation effects : + 633.3 / + 16.5%) Change FY23 FY24 Change excluding currency translation effects （％） Motorcycle Business 676.0 756.9 + 80.9
Slide 17: Changes in Operating Profit in Motorcycle Business/Automobile Business
FY24 1st Qtr. Results: Changes in Operating Profit in Motorcycle Business/Automobile Business Yen (billion) Motorcycle Operating Profit + 45.6 ( + 46.7 % ) Business + 29.4 - 5.8 + 2.5 + 1.7 143.5 + 17.7 Expenses*2 R&D Currency 97.8 Price/Cost effects Sales impacts impacts*1 Operating Margin Operatin
Slide 18: 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 FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 Sales Revenue 1,016.2 1,152.2 2,144.5 2,808.7 167.5 214.0 1,068.8 1,078.3 200.5 246.1 Operating Profit 24.7 102.7 91.0 167
Slide 19: Capital Expenditures/Depreciation/R&D
FY24 1st Qtr. Results: Capital Expenditures/Depreciation/R&D QTD (Three Months) FY23 FY24 Change Yen (billion) Results Results Capital expenditures *1 101.5 61.9 - 39.6 Depreciation and amortization *1 101.5 122.8 + 21.3 Research and development expenditures*2 180.6 194.2 + 13.5 *1 Capital expenditu
Slide 20: Consolidated Statements of Financial Position
FY24 1st Qtr.: Consolidated Statements of Financial Position Divided into Non-financial Services Businesses and Finance Subsidiaries Yen (billions) Assets Mar. 31, 2023 Jun. 30, 2023 Liabilities and Equity Mar. 31, 2023 Jun. 30, 2023 Cash and cash equivalents 3,553.6 3,853.1 Trade payables 1,379.3 1
Slide 21: Sales Revenue/Operating Profit by Business Segment
Sales Revenue/Operating Profit by Business Segment Yen (billion) QTD YTD FY23 FY24 Change Change FY23 FY24 Change Segment Information 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q (%) Change Results Results (%) Sales Revenue Motorcycle Business 676.0 736.6 789.6 706.6 756.9 + 80.9 + 12.0% 676.0 756.9 + 80.9 + 12.0% Autom
Slide 22: Honda Group Unit Sales/Consolidated Unit Sales
Honda Group Unit Sales/Consolidated Unit Sales Unit (thousand) QTD YTD Forecast FY23 FY24 Honda Group FY23 FY24 FY23 FY24 Unit Sales 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change Change Change Results Results Results Forecast Motorcycles 4,251 4,951 5,083 4,472 4,473 + 222 4,251 4,473 + 222 18,757 19,180 + 423 Jap