Subaru Corporation · TSE:7270
Subaru — 1H FY2005 Earnings Presentation
19 slides from Subaru's earnings presentation, 2005
Slide 1: www.fhi.co.jp/fina
2005 3 2004 11 12 www.fhi.co.jp/fina
Slide 2: Think. Feel. Drive.
HSUBARU Think. Feel. Drive.
Slide 3: Sales volumes by region
2003 9 2004 9 51.9 50.4 1.4 61.0 73.2 +12.2 112.9 123.6 +10.7 85.8 86.8 +0.9 7.3 7.2 0.0 21.8 30.6 +8.8 13.9 17.0 +3.1 6.6 10.2 +3.6 135.4 151.8 +16.5 SIA 13.4 12.2 1.2 261.7 287.6 +25.9 1 6
Slide 4: P/L
P/L ( ) 2003 9 2004 9 6,653 6,907 +254 2,921 3,050 +128 3,732 3,857 +125 183 155 28 244 150 94 194 82 111 120 /$ 110 /$ 10 /$
Slide 5: Operating income change analysis
(217) 15 (192) 26 -121 70 34 -18 37 183 155 2003 9 2004 9
Slide 6: SOA and SIA results
(million US$) SOA(1 6 ) 2003 6 2004 6 $1,910 $1,844 66 50 42 +8 16 24 8 ( ) 91.0 87.7 3.3 SIA(1 6 ) 2003 6 2004 6 $1,026 $1,076 +50 10 64 53 4 39 35 ( ) 65.0 57.0 8.0 ( ) (13.4) (12.2) ( 1.2) (2 1 12 )
Slide 7: Net sales by segment
( ) 2003 9 2004 9 6,066 6,287 +3.6% 257 273 +6.4% 209 236 +12.6% 119 110 7.5% 6,653 6,907 +3.8%
Slide 8: B/S
B/S ( ) 2004 3 2004 9 13,497 13,923 +425 6,548 6,738 +189 6,948 7,184 +235 3,789 4,055 +266 4,537 4,642 +105 33.6% 33.3% 0.3% D/E 0.84 0.87
Slide 9: Cash flow
( ) 2003 9 2004 9 2004 3 CF 259 373 +113 997 CF 573 624 50 1,271 CF 314 250 +63 273 CF 199 223 +24 23 115 21 +93 250 1,584 1,372 212 1,394
Slide 10: Saab
< > ( ) 2003 9 2004 9 221.9 252.6 +30.7 Saab - 7.6 +7.6 119.1 133.5 +14.4 56.5 51.6 +4.9 62.7 81.9 +19.2 97.3 113.9 +16.6 45.8 58.4 +12.5 262.3 305.8 +43.5
Slide 11: Think. Feel. Drive.
Think. Feel. Drive.
Slide 12: SIA
( ) 2004 3 2005 3 111.1 109.7 1.4 134.4 155.0 +20.6 245.5 264.7 +19.2 189.6 193.2 +3.5 16.2 16.9 +0.8 53.6 58.9 +5.4 30.7 34.8 +4.1 15.7 19.6 +4.0 305.7 323.4 +17.7 SIA 25.2 13.2 12.1 576.5 601.3 +24.8 1 )
Slide 13: SIA
( ) ( ) 2005 3 2005 3 114.5 109.7 4.8 183.1 155.0 28.1 297.6 264.7 32.9 209.5 193.2 16.3 17.4 16.9 0.5 55.2 58.9 +3.7 30.6 34.8 +4.2 15.9 19.6 +3.7 328.6 323.4 5.2 SIA 13.2 13.2 0 639.3 601.3 38.0 1 )
Slide 14: SIA
( ) ( ) 2005 3 2005 3 8 109.6 109.7 +0.1 172.3 155.0 17.3 281.9 264.7 17.2 205.4 193.2 12.2 16.2 16.9 +0.7 57.6 58.9 +1.3 31.9 34.8 +2.9 18.1 19.6 +1.5 329.1 323.4 5.7 SIA 13.2 13.2 0 624.1 601.3 22.8 1 )
Slide 15: Forecast P/L
( ) 2004 3 2005 3 14,394 14,500 +105 6,279 6,500 +220 8,115 8,000 115 503 450 53 566 470 96 386 320 66 116 /$ 108 /$ 8 /$
Slide 16: Operating income change forecast
(552) 28 (523) 25 -176 163 49 -93 73 503 450 2004 3 2005 3
Slide 17: SOA and SIA forecast
(million US$) SOA(1 12 ) 2003 2004 $4,252 $4,334 +82 40 9 50 55 2 52 ( ) 185.1 189.9 +4.8 SIA(1 12 ) 2003 2004 $2,161 $2,450 +289 31 53 84 22 78 100 ( ) 122.2 120.5 1.7 ( ) (25.2) (13.2) ( 12.1) (2 1 12 )
Slide 18: Saab
< > ( ) 2004 3 2005 3 465.3 486.8 +21.4 Saab 0.6 8.2 +7.6 262.0 276.3 +14.3 118.5 109.8 8.7 143.5 166.5 +22.9 200.8 211.9 +11.0 90.2 119.3 +29.2 553.0 607.5 +54.5
Slide 19: Thank you
Thank you www.fhi.co.jp/fina