Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — FY2010 Earnings Presentation
19 slides from Nissan Motor's earnings presentation, May 12, 2011
Slide 1: Fiscal year 2010 financial results
Fiscal year 2010 financial results May 12, 2011 Nissan Motor Co., Ltd. FY10 full-year financial results Key performance indicators: Financial results (billion yen) Net revenue Operating Net income Free cash flow Net debt profit (Auto) (Auto) +16.7% 8,773.1 7,517.3 +72.5% 537.5 459.3 29.7 +653.1% 375
Slide 2: FY10 Business update: Nissan LEAF
FY10 Business update Nissan LEAF Start of production in Oppama, Japan (Oct.) Start of sales in US, Japan and Europe 2 FY10 full-year financial results FY10 Business update Nissan LEAF European Car of the Year World Car of the Year 3 FY10 full-year financial results
Slide 3: Battery plants status and China sales volume
FY10 Business update Current status of battery plants Sunderland, UK Began construction on April 2010 Zama, Japan Currently operating Cacia, Portugal Began construction on February 2011 Smyrna, USA Began construction on May 2010 4 FY10 full-year financial results FY10 Business update China sales vol
Slide 4: China production capacity
FY10 Business update China production capacity (2 shifts) (k units) 1,300 1,200 1,200 1,100 1,000 885 900 800 670 700 600 500 400 300 200 100 0 End of End of End of 2009 2010 2012 9 September 2010: Opened Zhengzhou number 2 plant 9 2012: Huadu number 2 plant scheduled to open 6 FY10 full-year financ
Slide 5: Global compact car and PURE DRIVE
FY10 Business update Start of production and sales of global compact car Europe China China Japan Middle East India India Mexico Mexico Thailand Thailand Africa Latin Oceania America 8 FY10 full-year financial results FY10 Business update PURE DRIVE Idling Stop Clean Diesel 3-cylinder Super-charged
Slide 6: All-new global launches
FY10 Business update 10 all-new global launches Europe Japan North America Nissan LEAF Juke Nissan LEAF Juke Elgrand Quest Micra Serena Murano CrossCabriolet QX Moco NV Series M March QX Nissan LEAF Juke Other markets Sunny All-new global launches QX Regional launches M 10 FY10 full-year financial r
Slide 7: Cooperation with partners; FY10 sales performance
FY10 Business update Cooperation with partners 12 FY10 full-year financial results FY10 sales performance FY10 financial performance Recovery from the earthquake 13 FY10 full-year financial results
Slide 8: Sales performance: Global and Japan
Sales performance: Global Change vs. TIV* Change vs. Retail volume FY09 All All FY09 4,185 regions +19.1% 72.61 regions +12.6% 4.60 Japan -5.7% 600 Japan -4.7% 64.48 3,515 14.52 North +11.4% (12.10) America (+12.4%) North (US) 1,245 +16.6% 47.50 (966) America (+17.3%) (US) (thousand units) 18.05 Eur
Slide 9: Sales performance: China and North America
Sales performance: China (Jan. to Dec.) Retail volume by brand (thousand units) 1,024 +35.5% 756 TIV* increased 31.6% to 16.6 million units Nissan 713 + Infiniti Sales in China increased 35.5% to 546 1,023.6 k units DFL 4Q sales in China increased 25.5% to 210 311 268.6 k units, driven by Sylp
Slide 10: Sales performance: Europe and other markets
Sales performance: Europe Retail volume (thousand units) +19.3% TIV decreased 0.5% to 18.1 million units 509 607 Sales in Western Europe increased by 10.6% to 469.4 k units Sales in Russia increased 84.9% from 55.4 k units to 102.5 k units FY09 FY10 Market share: FY09 FY10 Russia 4.0% 4.8% M
Slide 11: FY10 financial performance
FY10 sales performance FY10 financial performance Recovery from the earthquake 20 FY10 full-year financial results FY10 financial performance FY09 FY10 Variance Change (billion yen) vs FY09 (%) Net revenue 7,517.3 8,773.1 +1,255.8 +16.7% Operating profit 311.6 537.5 +225.9 +72.5% OP margin (4.1%) (6
Slide 12: Operating profit variance analysis and net debt
FY10 financial performance Operating profit variance analysis (billion yen) -191.5 537.5 -18.5 +15.0 +29.5 311.6 -147.5 +433.1 +105.8 FY09 FOREX Net Volume/ Selling R&D Sales Others FY10 O.P. purchasing mix exp. exp. finance O.P. cost reduction 4Q only 82.7 -37.2 +15.0 +88.4 -57.7 +6.1 +9.6 -18.3 88
Slide 13: Inventory management
Inventory management (New vehicle inventory) 1,200 80 1,100 70 1,000 900 60 800 (thousand units) 50 700 (days) 600 40 670 650 500 610 570 30 400 490 520 470 440 470 300 410 20 200 10 100 0 0 2008 2009 2010 2011 Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Dealer inventory, except some minor countries 24
Slide 14: Earthquake Crisis Committee; production status in Japan
Earthquake Crisis Committee from March 11 26 FY10 full-year financial results Production status in Japan Resumed production at all plants Tochigi Iwaki JATCO Kyoto Yokohama Kyushu Oppama Nissan Shatai Kyushu Nissan Koki Nissan Shatai Aichi Kikai JATCO Fuji 27 FY10 full-year financial results
Slide 15: Operations restored in Iwaki plant
Operations restored in Iwaki plant Heavy damages on March 11 Collapse of air ducts Dropped engines Floor subsidence Equipment dislodged 28 FY10 full-year financial results Operations restored in Iwaki plant Resume production from April 18 29 FY10 full-year financial results
Slide 16: Three remaining challenges
Three remaining challenges 1) Disrupted supply chain 9 Continue supplier support 9 Secure alternative sourcing 30 FY10 full-year financial results Three remaining challenges 2) Electricity shortage Company-wide conservation efforts 9 Consider more nighttime operations 9 Consider additional in-house
Slide 17: Radioactive contamination rumors; FY11 Presidential Address
Three remaining challenges 3) Radioactive contamination harmful rumors Radiation testing on products 32 FY10 full-year financial results 33 FY11 Presidential Address
Slide 18: FY11 Presidential Address
Gambaro Nissan !! 34 FY11 Presidential Address Maintain Japan production 1 million base 35 FY10 full-year financial results
Slide 19: FY10 full-year financial results
36 FY10 full-year financial results