Mazda Motor Corp. · TSE:7261
Mazda Motor — Q1 FY March 2014 Earnings Presentation
24 slides from Mazda Motor's earnings presentation, Jul 31, 2013
Slide 1: Fiscal Year March 2014 First Quarter Financial Results
FISCAL YEAR MARCH 2014 FIRST QUARTER FINANCIAL RESULTS New Mazda3 (North American Model) Mazda Motor Corporation July 31, 2013 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE Highlights Fiscal Year March 2014 First Quarter Results Summary 2
Slide 3: Highlights
HIGHLIGHTS 3
Slide 4: Highlights
HIGHLIGHTS Achieved revenue growth and a substantial profit increase in all profit categories through sales expansion of vehicles equipped with SKYACTIV Revenue was ¥615.9 billion. Operating profit was ¥36.5 billion. Net income was ¥5.5 billion Global sales volume was 301,000 units Sales momentum of
Slide 5: Fiscal Year March 2014 First Quarter Results
FISCAL YEAR MARCH 2014 FIRST QUARTER RESULTS 5
Slide 6: FY March 2014 Financial Metrics
FY MARCH 2014 FINANCIAL METRICS First Quarter Change FY March FY March Amount YOY(%) (Billion yen) 2014 2013 Revenue 615.9 506.6 109.3 22 Operating profit 36.5 1.8 34.7 - Ordinary profit 8.4 (8.9) 17.3 - Profit before tax 8.2 (9.7) 17.9 - Net income 5.5 (6.5) 12.0 - Operating ROS 5.9 % 0.4 % 5.5 pts
Slide 7: Global Sales Volume
GLOBAL SALES VOLUME First Quarter Change FY March FY March Volume YOY(%) (000) 2014 2013 Global sales volume Japan 50 51 (1) (1) North America 95 90 5 6 Europe 46 44 2 4 China 37 46 (9) (20) Other Markets 73 69 4 5 Total 301 300 1 0 <Breakdown> USA 67 62 5 8 Australia 26 26 0 0 ASEAN 20 21 (1) (5) 7
Slide 8: Japan
JAPAN Sales were 50,000 units, flat year over year despite the negative reaction of eco-car subsidy termination New Atenza Share gained 0.3 points to 4.3% thanks to strong sales (000) First Quarter Sales Volume of SKYACTIV equipped models; CX-5, new Atenza, 51 50 and minivans 50 (1)% High acclaim fo
Slide 9: North America
NORTH AMERICA Sales were 95,000 units, up 6% year on year USA: 67,000 units, up 8% year on year - Continue to improve Brand Value CX-5 (North American model) by enhancing actions such as First Quarter Sales Volume holding down fleet sales, etc. (000) - CX-5 sales posted 68% increase 100 6% 95 year o
Slide 10: Europe
EUROPE Sales were 46,000 units, up 4% year on year Although the tough market environment continued, CX-5 New Mazda6 Wagon (European model) and new Mazda6 drove sales First Quarter Sales Volume Key markets, especially (000) Germany and UK, enjoyed 50 4% 46 brisk sales 44 - Germany: 11,000 units, up 1
Slide 11: China
CHINA Sales were 37,000 units Imported version of new ATENZA launched at the end of June Mazda3 Xingcheng Production of CX-5 (000) First Quarter Sales Volume started at Nanjing Plant 50 46 in July 37 (20)% Intensified sales promotion activities including participation in local motor shows 0 FY March
Slide 12: Other Markets
OTHER MARKETS Sales grew 5% year on year to 73,000 units Australia: Remained strong with 26,000 sales and 8.5% share - CX-5 remained the top seller in its CX-9 (Australian model) segment as it was in the last fiscal year First Quarter Sales Volume - Mazda remained in the 3rd position for (000) sales
Slide 13: Operating Profit Change
OPERATING PROFIT CHANGE FY March 2014 First Quarter vs. FY March 2013 First Quarter Improvement Cost (Deterioration) (Billion yen) Improvement Marketing + 5.1 Expense FY March Exchange Other 2014 + 29.2 (1.1) 40 36.5 (6.7) Effects of CX-5 and new Mazda6 Investment for the future 20 Vol. & Mix US Dol
Slide 14: Profit Increase from Sales Growth of SKYACTIV Models
PROFIT INCREASE FROM SALES GROWTH OF SKYACTIV MODELS Mix of SKYACTIV-Equipped Models 50% 45% 41%* 31% 27% 33%* *3 models 19%* (CX-5, New Mazda6, 16%* and New Mazda3) 1Q 2Q 3Q 4Q 1Q Full Year Full Year FY March 2013 FY March 2014 FY March FY March 2013 2014 Operating profit (¥Billion) 1.8 9.7 8.1 34.
Slide 15: New Mazda3/Axela
NEW MAZDA3/AXELA New Mazda3 5-door hatch back New Mazda3 Sedan (North American model) (North American model) New Mazda3/Axela is the third SKYACTIV model that adopts new design theme “KODO” This model will be sold globally as a strategic model to lead Structural Reform Plan Sales launch will start i
Slide 16: Summary
SUMMARY SKYACTIV-equipped models contributed greatly to better sales and profits Revenue was ¥615.9 billion. Operating profit was ¥36.5 billion. Net income was ¥5.5 billion. Achieved revenue growth and a substantial profit increase in all profit categories Structural Reform Plan is progressing stead
Slide 17: 17
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Slide 18: Appendix
APPENDIX 18
Slide 19: Cash Flow and Net Debt
CASH FLOW AND NET DEBT FY March 2014 FY March 2013 Change from (Billion yen) First Quarter Full Year Prior FY End Cash Flow - From operating activities (7.1) 49.0 - - From investing activities (24.4) (40.3) - - Free Cash Flow (31.5) 8.7 - Cash and Cash Equivalents 399.7 444.9 (45.2) Net Debt (304.6)
Slide 20: Consolidated Wholesales
CONSOLIDATED WHOLESALES First Quarter Change FY March FY March Volume YOY(%) (000) 2014 2013 Consolidated Wholesales Japan 54 54 0 (1) North America 91 89 2 2 Europe 39 32 7 24 China 1 2 (1) (42) Other Markets 70 70 0 1 Total 255 247 8 4 20
Slide 21: FY March 2014 Financial Metrics
FY MARCH 2014 FINANCIAL METRICS Change from FY March 2014 Prior Year (Billion yen) 1st Half 2nd Half Full Year Amount YOY(%) Revenue 1,120.0 1,360.0 2,480.0 274.7 12 Operating profit 45.0 75.0 120.0 66.1 122 Ordinary profit 21.0 76.0 97.0 63.9 193 Profit before tax 17.0 71.0 88.0 48.9 125 Net income
Slide 22: Global Sales Volume and Consolidated Wholesales
GLOBAL SALES VOLUME AND CONSOLIDATED WHOLESALES FY March 2014 Change from Prior Year (000) 1st Half 2nd Half Full Year 1st Half 2nd Half Full Year Global Sales Volume Japan 106 114 220 (4) 8 4 North America 204 211 415 22 21 43 Europe 93 107 200 8 20 28 China 82 118 200 (8) 33 25 Other Markets 142 1
Slide 23: Key Data
KEY DATA (Billion yen) 130.0 100.0 100 Full 89.9 Year Full 77.2 Year Full Year 60.0 58.0 50 1Q 21.8 25.3 20.2 1Q 15.1 1Q 15.2 13.2 0 (FY March) 2013 2014 2013 2014 2013 2014 Capital Depreciation R&D cost Spending 23
Slide 24: Disclaimer
DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including without limitation the conditions of the world economy in the future, the trend of the automotive industry and the risk of exchange-rate fluctuations. So, please be aware that Maz