Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 2022 Earnings Presentation
28 slides from Toyota Motor's earnings presentation, Nov 4, 2021
Slide 1: FY2022 Second Quarter Financial Results
FY2022 Second Quarter Financial Results COROLLA CROSS Toyota Motor Corporation November 4, 2021 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements and Caution concerning Insider Trading 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 u
Slide 3: FY2022 Second Quarter Summary
FY2022 Second Quarter Summary • Production volume declined globally, but our suppliers, plants and dealers made great efforts to supply as many cars as possible. • Our results reflect our enhanced cost reduction activities and efforts to make more efficient use of fixed costs, while enhancing the pr
Slide 4: FY2022 Second Quarter Financial Performance (FY2022 First Half)
FY2022 Second Quarter Financial Performance (FY2022 First Half) 4
Slide 5: Consolidated Vehicle Sales (FY2022 First Half)
Consolidated Vehicle Sales (FY2022 First Half) (thousands of vehicles) 5,000 4,657 4,094 132.7% Japan 4,000 1,140 945 3,000 3,086 102.7% N. America 1,446 Europe 921 1,282 137.9% Asia 2,000 930 510 129.1% 530 Other 1,000 395 706 154.7% 846 Central and South America, 456 Oceania, 384 650 169.4% 696 Af
Slide 6: Consolidated Financial Summary (FY2022 First Half)
Consolidated Financial Summary (FY2022 First Half) (billions of yen) FY21/1H FY22/1H Change (Ref.) FY20/1H Apr.-Sep.’20 Apr.-Sep.’21 Apr.-Sep.’19 Sales Revenues 11,375.2 15,481.2 +4,106.0 15,358.2 Operating Income 519.9 1,747.4 +1,227.4 1,399.2 Margin 4.6% 11.3% 9.1% Other Income 208.8 396.5 +187.7
Slide 7: Analysis of Consolidated Operating Income (FY2022 First Half)
Analysis of Consolidated Operating Income (FY2022 First Half) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： +1,035.0 1,747.4 +10.0 -62.6 Effects of Cost Increase or Decrease in Other *4 FOREX Reduction Expenses and Expense Rates *1 Eff
Slide 8: Geographic Operating Income (FY2022 First Half)
Geographic Operating Income (FY2022 First Half) Operating Income (billions of yen) (excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other Incl. China (excl. investments accounted 1,282 (137.9%
Slide 9: China Business / Financial Services (FY2022 First Half)
China Business / Financial Services (FY2022 First Half) (Ref.) China Business Financial Services Operating Income of Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses from Interest Rate S
Slide 10: Shareholder Return
Shareholder Return TOYOTA 10
Slide 11: Shareholder Return: Dividends
’18.3 – ’19.3：US GAAP Shareholder Return : Dividends ’20.3 – ’22.3：IFRS - Interim dividend is 120 yen per share (+15 yen YoY) - We will continue to aim to pay stable and sustainable dividends while maintaining and improving upon our consolidated dividend pay-out ratio benchmark of 30%. Year-end Divi
Slide 12: Shareholder Return: Share Repurchase
’18.3 – ’19.3：US GAAP Shareholder Return : Share Repurchase ’20.3 – ’22.3：IFRS - We will continue to implement share repurchases in a flexible manner, taking into account various factors including investment in growth, dividend levels, liquidity, share price levels, and other factors. (billions of y
Slide 13: (Ref.) Stock Split
(Ref.) Stock Split We split our shares to create, by reducing the minimum investment price, an environment where it is easier to invest in Toyota’s shares. - Split Ratio：Each share was divided into 5 shares - Record Date：September 30, 2021 - Effective Date：October 1, 2021 1 share 5 shares 13
Slide 14: FY2022 Financial Forecasts
FY2022 Financial Forecasts 14
Slide 15: FY2022 Forecasts: Consolidated Vehicle Sales
FY2022 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,700 8,550 98.3% Japan 8,000 7,646 N. America 2,170 2,090 96.1% 2,125 Europe 6,000 2,720 2,580 94.9% Asia 4,000 2,313 Other 1,100 990 90.0% 959 Central and 1,360 1,480 108.8% 1,222 2,000 South America, Oceania, 1,350 1,410
Slide 16: FY2022 Forecasts: Consolidated Financial Summary
FY2022 Forecasts: Consolidated Financial Summary （billions of yen） Previous Forecasts New Forecasts FY21 Results Change Apr.‘21-Mar.‘22 Apr.‘21-Mar.‘22 Apr.‘20-Mar.‘21 Sales Revenues 30,000.0 30,000.0 ±0 27,214.5 Operating Income 2,500.0 2,800.0 +300.0 2,197.7 Margin 8.3% 9.3% 8.1% Other Income 610.
Slide 17: Analysis of FY2022 Forecasts: Consolidated Operating Income (vs. Previous Forecasts)
Analysis of FY2022 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -175.0 2,800.0 2,500.0 +45.0 -210.0 +70.0 -35.0 +430.0 Cost Marketing Increase or Decrease in Other *4 E
Slide 18: Analysis of FY2022 Forecasts: Consolidated Operating Income (vs. FY2021 Results)
Analysis of FY2022 Forecasts: Consolidated Operating Income (vs. FY2021 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： +190.0 2,800.0 2,197.7 -385.0 -32.7 Increase or Decrease in Other *4 +445.0 -345.0 +920.0 Expenses and Expen
Slide 19: (Ref.) Analysis of Consolidated Operating Income (vs FY2020 1H)
(Ref.) Analysis of Consolidated Operating Income（vs FY2020 1H） Consolidated Operating Income Excluding the overall impact of FOREX rates and *The analysis is a simple aggregate of the changes in the April-September 2019 and swap valuation gains/losses, etc.： +230.0 2020 periods, and the April-Septem
Slide 20: (Ref.) Analysis of Consolidated Operating Income <FY2022 2H>
(Ref.) Analysis of Consolidated Operating Income <FY2022 2H> (vs. FY2021 2H Results) Excluding the overall impact of foreign exchange (billions of yen) +190.0 rates and swap valuation gains/losses, etc： -845.0 1,677.8 Effects of FOREX -315.0 -135.0 Rates *1 Cost Effects of +29.9 1,052.7 Reduction Ef
Slide 21: (Ref.) Consolidated Vehicle Sales (FY2022 2Q)
(Ref.) Consolidated Vehicle Sales (FY2022 2Q) （thousands of vehicles） 3,000 2,500 2,340 Japan 2,000 1,928 1,946 100.9% 585 N. America Europe 536 445 83.0% Asia 1,500 702 646 621 96.2% Other 1,000 251 Central and 229 90.4% 254 436 South America, 500 341 124.1% Oceania, 274 218 310 142.2% 366 Africa,
Slide 22: (Ref.) Consolidated Financial Summary (FY2022 2Q)
(Ref.) Consolidated Financial Summary (FY2022 2Q) (billions of yen) FY21/2Q FY22/2Q FY20/2Q Change Jul.-Sep.’20 Jul.-Sep.’21 Jul.-Sep.’19 Sales Revenues 6,774.4 7,545.7 +771.3 7,637.0 Operating Income 506.0 749.9 +243.9 658.6 Margin 7.5% 9.9% 8.6% Other Income 104.5 136.8 +32.3 112.2 Share of Profit
Slide 23: (Ref.) Analysis of Consolidated Operating Income (FY2022 2Q)
(Ref.) Analysis of Consolidated Operating Income (FY2022 2Q) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： +125.0 749.9 +35.0 +3.9 506.0 -25.0 +115.0 Increase or Decrease in Expenses and Expense Other *4 +115.0 Cost Marketing Reduction
Slide 24: (Ref.) Geographic Operating Income (FY2022 2Q)
(Ref.) Geographic Operating Income (FY2022 2Q) Operating Income (billions of yen) (Excluding Valuation Gains/Losses from Interest Rate Swaps. etc) [ ] margin Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other Incl. China (excl. investments accounted 536 646 621 (96
Slide 25: (Ref.) China Business / Financial Services (FY2022 2Q)
(Ref.) China Business / Financial Services (FY2022 2Q) (Ref.) China Business Financial Services Operating Income of Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses from Interest Rate Sw
Slide 26: (Ref.) Transition of Financial Performance
(Ref.) Transition of Financial Performance ’18/3 – ’19/3：US GAAP ’20/3 – ’22/3：IFRS Net Income Attributable to Consolidated Vehicle Sales Sales Revenues (trillions of yen) Operating Income (billions of yen) Toyota Motor Corporation (thousands of vehicles) Operating Margin(%) (billions of yen) 9.3 30
Slide 27: (Ref.) FY2022 Forecasts: Vehicle Production and Retail Sales
(Ref.) FY2022 Forecasts: Vehicle Production and Retail Sales （thousands of vehicles） Previous Forecast New Forecast FY2021 Results Change Apr.‘21-Mar.‘22 Apr.‘21-Mar.‘22 Apr.‘20-Mar.‘21 Japan 3,200 3,000 -200 2,919 Vehicle 生産 Production Overseas 6,100 6,000 -100 5,264 Toyota & Lexus *1 Total 9,300 9
Slide 28: Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales Customers Toyota and Lexus Vehicle Sales Number of vehicles produced for wholesale by Toyota Motor Corpor