Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2023 Earnings Presentation
22 slides from Toyota Motor's earnings presentation, Feb 9, 2023
Slide 1: FY2023 Third Quarter Financial Results
FY2023 Third Quarter Financial Results Prius To y o t a M o t o r C o r p o r a t i o n February 9, 2023 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading
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: FY2023 Third Quarter Financial Results Summary
FY2023 Third Quarter Financial Results Summary Performance: Operating income 2 trillion 98.0 billion yen (956.6 billion yen for the third quarter alone) ・Dealers, suppliers, and production sites worked hard under circumstances where production plans fluctuated greatly due to factors such as semicond
Slide 4: FY2023 Third Quarter Financial Performance
FY2023 Third Quarter Financial Performance 4
Slide 5: Consolidated Vehicle Sales (FY2023 9 months)
Consolidated Vehicle Sales (FY2023 9 months) (thousands of vehicles) 7,000 6,096 6,491 106.5％ Japan 6,000 98.2％ 1,402 N. America 5,000 1,427 Europe 4,000 1,852 102.6％ 1,805 Asia 3,000 757 99.6％ Other 760 Central and 2,000 1,118 1,293 115.6％ South America, Oceania, 1,000 Africa, 986 1,188 120.4％ The
Slide 6: Consolidated Financial Summary (FY2023 9 months)
Consolidated Financial Summary (FY2023 9 months) (billions of yen) '21.4-12 '22.4-12 Change Sales Revenues 23,267.0 27,464.0 +4,196.9 Operating Income 2,531.8 2,098.0 -433.7 Margin 10.9% 7.6% Other Income 705.7 771.1 +65.4 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 4
Slide 7: Analysis of Consolidated Operating Income (9 months)
Analysis of Consolidated Operating Income (9 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -1,055.0 2,531.8 +1,045.0 -940.0 Cost +300.0 -415.0 2,098.0 Effects of Marketing Reduction Efforts *2 Increase or -423.7 FOREX Decrease
Slide 8: Geographic Operating Income (FY2023 9 months)
Geographic Operating Income (FY2023 9 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other Incl. China (excl. investments accounted for using the equity m
Slide 9: China Business / Financial Services (FY2023 9 months)
China Business / Financial Services (FY2023 9 months) (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 relating to Swaps, etc
Slide 10: FY2023 Financial Forecasts
FY2023 Financial Forecasts 10
Slide 11: FY2023 Forecast: Consolidated Vehicle Sales
FY2023 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,800 8,800 100.0% 8,230 Japan 8,000 N. America 1,990 2,040 102.5% 1,924 Europe 6,000 2,450 2,450 100.0% Asia 2,394 4,000 Other 1,040 1,030 99.0% 1,017 Central and 2,000 1,810 1,750 96.7% 1,543 South America, Oceania, Africa,
Slide 12: FY2023 Forecast: Consolidated Financial Summary
FY2023 Forecast: Consolidated Financial Summary （billions of yen） Previous Forecast New Forecast FY22 Results '22.4-'23.3 Change '22.4-'23.3 '21.4-'22.3 Sales Revenues 36,000.0 36,000.0 ±0 31,379.5 Operating Income 2,400.0 2,400.0 ±0 2,995.6 Margin 6.7% 6.7% 9.5% Other Income 940.0 940.0 ±0 994.8 ±0
Slide 13: Analysis of FY2023 Forecast: Consolidated Operating Income
Analysis of FY2023 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -40.0 2,400.0 2,400.0 +50.0 +50.0 -70.0 -20.0 -10.0 Cost Effects of Increase or Effects of Other *4 Reduct
Slide 14: Analysis of FY2023 Forecast: Consolidated Operating Income
Analysis of FY2023 Forecast: Consolidated Operating Income (vs. FY2022 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -1,295.0 2,995.6 +1,135.0 - 465.0 2,400.0 Effects of -1,390.0 +560.0 FOREX Cost Reduction Marketing Increase
Slide 15: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,331 116.4% Japan 2,000 2,003 532 110.5% N.America 482 Europe 1,500 607 116.2% Asia 522 Other 1,000 277 110.9% 250 Central and 476 115.4% South America, 500 413 Oceania, Africa, 336 439 130.5% The Middle East, 0 etc. '21.10-
Slide 16: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) '21.10-12 '22.10-12 Change Sales Revenues 7,785.7 9,754.6 +1,968.9 Operating Income 784.3 956.6 +172.2 Margin 10.1% 9.8% Other Income 309.1 78.3 -230.7 Share of Profit (Loss) of Investments ＊ Accounted for Using the Equity Method 154
Slide 17: (Ref.) Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -225.0 -105.0 956.6 784.3 -290.0 Cost Reduction +170.0 Marketing Increase or -82.8 +480.0 Decrease in Other *4 Efforts Efforts *
Slide 18: (Ref.) Geographic Operating Income (3 months)
(Ref.) Geographic Operating Income (3 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] margin Consolidated Vehicle Sales (thousands of vehicles) Japan N.America Europe Asia Other Incl. China (excl. investments accounted 607（116.2%） for using t
Slide 19: (Ref.) China Business / Financial Services (3 months)
(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Chinese Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity Excluding Valuation Gains/Losses relating to Swap
Slide 20: (Ref.) Transition of Financial Performance
'19/3：US GAAP (Ref.) Transition of Financial Performance '20/3 – '23/3：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) 36.0 9.5 Net
Slide 21: FY2023 Forecast: Vehicle Production and Retail Sales
FY2023 Forecast: Vehicle Production and Retail Sales （thousands of vehicles） Previous Forecast New Forecast FY22 Results Change '22.4-'23.3 '22.4-'23.3 '21.4-'22.3 Japan 2,780 2,770 -10 2,761 Vehicle 生産 Overseas Production * 6,420 6,330 -90 5,809 Toyota & Lexus Total 9,200 9,100 -100 8,570 Japan 1,3
Slide 22: (Ref.) 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