Slide 1: Consolidated Financial Results for the 1st Quarter of FYE 2019
Consolidated Financial Results for the 1st Quarter of FYE 2019 SUBARU CORPORATION Toshiaki Okada Corporate Executive Vice President & CFO August 6th, 2018 https://www.subaru.co.jp/en/ir/ 1
Slide 2: Summary
Summary Consolidated Financial Results for the 1st Quarter (3 months) of FYE 2019 Net sales declined due to decreased unit sales and other factors. While retail sales in North America, Subaru’s largest market, kept strong momentum, operating income declined due to factors such as decreased deliv
Slide 3: Consolidated Financial Results for the 1st Quarter (3 months) of FYE 2019
Consolidated Financial Results for the 1st Quarter (3 months) of FYE 2019 https://www.subaru.co.jp/en/ir/ 3
Slide 4: Consolidated Unit Sales
1Q (3 months) : Consolidated Unit Sales (Thousand Units) Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 Passenger car 33.3 22.9 -10.4 Minicar 7.2 6.0 -1.2 Domestic total 40.5 28.9 -11.6 US 174.0 149.8 -24.1 Canada 15.5 15.7 +0.3 Russia 1.8 2.5 +0.7 Europe 8.3 15
Slide 5: Consolidated Income Statements
1Q (3 months) : Consolidated Income Statements (100 Million Yen) Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 Net sales (8,548) 8,140 7,092 -1,048 Domestic (1,605) 1,603 1,302 -301 Overseas (6,943) 6,537 5,790 -746 Operating income 1,193 576 -618 Total non-ope
Slide 6: Analysis of Variance in Operating Income (Consolidated)
1Q (3 months) : Analysis of Variance in Operating Income (Consolidated) Domestic : -111 (volume decrease, mixture deterioration) (100 Million Yen) Overseas: -336 (volume decrease, mixture deterioration) Sales Incentive：-69 Others : +78 Fixed Cost: -19 (SUBARU+1, SIA -20) SG&A : -23 (SUBARU-25, SOA -
Slide 7: Consolidated Balance Sheets
Consolidated Balance Sheets (100 Million Yen) As of March As of June Variance 2018 2018 Total assets 28,665 28,606 -58 Current assets 17,704 17,296 -409 Noncurrent assets 10,960 11,311 +350 Total liabilities 13,055 12,960 -95 Interest bearing debts 862 567 -295 Net assets 15,610 15,646 +36 Retained
Slide 8: Consolidated Statement of Cash Flows
1Q (3 months) : Consolidated Statement of Cash Flows (100 Million Yen) Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 Net cash provided by (used in) operating activities 1,411 260 -1,150 Net cash provided by (used in) investing activities -384 -300 +83 Free cash
Slide 9: Operating Results of Subsidiaries in U.S.
1Q (3 months) : Operating Results of Subsidiaries in U.S. （Million US$） Actual Results Actual Results SOA 1Q (3 months) FYE 2018 1Q (3 months) FYE 2019 Variance Net sales 4,726 4,205 -521 Operating income 139 -7 -146 Net income 88 3 -85 Retail sales (Thousand units) 160.0 172.6 12.6 Actual Results A
Slide 10: Forecasts for FYE 2019
Forecasts for FYE 2019 https://www.subaru.co.jp/en/ir/ 10
Slide 11: Consolidated Unit Sales Plan
FYE2019: Consolidated Unit Sales Plan (Thousand Units) Actual results Plan Variance FYE 2018 FYE 2019 Passenger Cars 132.6 122.7 -9.9 Minicars 30.9 28.1 -2.8 Domestic Total 163.4 150.8 -12.7 US 670.9 707.0 +36.0 Canada 56.8 61.4 +4.6 Russia 7.7 11.5 +3.8 Europe 40.2 32.5 -7.7 Australia 55.7 55.5 -0.
Slide 12: Consolidated Income Plan
FYE2019: Consolidated Income Plan (100 Million Yen) Actual results Plan Variance FYE 2018 FYE 2019 Net Sales (34,052) 32,327 32,500 +173 Domestic (6,686) 6,680 6,086 -594 Overseas (27,367) 25,647 26,415 +767 Operating Income 3,794 3,000 -794 Ordinary Income 3,799 3,050 -749 Income before Taxes and M
Slide 13: Analysis of Variance in Operating Income (Consolidated)
FYE2019 : Analysis of Variance in Operating Income (Consolidated) (100 Million Yen) US$ : -653 EURO : +9 CA$ : -10 CNY : ±0 Currency exchange adjustment : +56 Unrealized gain : +14 SUBARU : -54 (material cost -138) SIA : -93 (material cost -147) SG&A R&D expenses Domestic : -126 expenses (volume dec
Slide 14: Operating Plan of Subsidiaries in U.S.
FYE2019: Operating Plan of Subsidiaries in U.S. （Million US$） Actual results Plan SOA FYE 2018 FYE 2019 Variance Net sales 18,402 19,678 +1,276 Operating income 356 273 -83 Net income 235 227 -8 Retail sales (Thousand units) 651.9 700.0 +48.1 Actual results Plan SIA FYE 2018 FYE 2019 Variance Net sa
Slide 15: Capex / Depreciation / R&D / Interest bearing debt
Capex / Depreciation / R&D / Interest bearing debt (100 Million Yen) Actual Results Actual Results Actual Results Plan FYE 2019 Variance 1Q (3 months) FYE 2018 1Q (3 months) (b)-(a) FYE2018 (a) FYE2019 (b) Capex 220 1,414 283 1,300 -114 Depreciation 202 898 213 930 +32 R&D 262 1,211 281 1,200 -11 In
Slide 16: Appendix
Appendix • Non-operating income & expenses and extraordinary income & loss (1Q) • Segment information by business & geographic (1Q) • Overseas net sales (1Q) • Non-consolidated unit sales (1Q) • Plan for 1st half of FYE 2019 https://www.subaru.co.jp/en/ir/ 16
Slide 17: Non-operating Income & Expenses and Extraordinary Income & Loss
1Q(3 months) : Non-operating Income & Expenses and Extraordinary Income & Loss (Consolidated) (100 Million Yen) Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 Financial revenue and expenditure 11 24 +12 FOREX effects -8 -7 +1 Other -4 +9 +13 Total non-operating
Slide 18: Net Sales and Operating Income by Business Segment
1Q(3 months) : Net Sales and Operating Income by Business Segment (Consolidated) (100 Million Yen) Net Sales Operating Income Actual Results Actual Results Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 FYE 2018 FYE 2019 Auto
Slide 19: Net Sales and Operating Income by Geographic Area
1Q(3 months) : Net Sales and Operating Income by Geographic Area (Consolidated) (100 Million Yen) Net Sales Operating Income Actual Results Actual Results Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 FYE 2018 FYE 2019 Japan
Slide 20: Overseas Net Sales (Consolidated)
1Q(3 months) : Overseas Net Sales (Consolidated) (100 Million Yen) Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 North America (5,917) 5,525 4,776 -750 Europe (254) 252 420 +168 Asia (360) 348 224 -123 Other (412) 412 371 -41 Total (6,943) 6,537 5,790 -747 * Ch
Slide 21: Non-consolidated Unit Sales
1Q(3 months) : Non-consolidated Unit Sales (Thousand Units) Actual Results Actual Results 1Q (3 months) 1Q (3 months) Variance FYE 2018 FYE 2019 Domestic production 176.3 154.8 -21.6 Domestic sales 44.5 30.5 -14.0 Passenger cars 36.7 24.6 -12.1 Minicars 7.8 5.9 -1.9 Number of exported vehicles 136.5
Slide 22: Consolidated Unit Sales Plan - 1st Half FYE 2019
Plan for 1st Half of FYE 2019: Consolidated Unit Sales Plan (Thousand Units) 1st Half Actual Results 1st Half Plan Variance FYE 2018 FYE2019 Passenger car 67.3 56.0 -11.3 Minicar 15.1 13.0 -2.1 Domestic total 82.3 68.9 -13.4 US 333.2 313.0 -20.3 Canada 30.7 31.6 +0.8 Russia 3.7 7.0 +3.3 Europe 17.8
Slide 23: Consolidated Income Statements - 1st Half Plan
Plan for 1st Half of FYE 2019: Consolidated Income Statements (100 Million Yen) 1st Half Actual Results 1st Half Plan Variance FYE 2018 FYE2019 Net sales (16,863) 16,080 14,630 -1,450 Domestic (3,286) 3,283 2,670 -613 Overseas (13,577) 12,797 11,961 -837 Operating income 2,121 1,100 -1,021 Ordinary
Slide 24: Analysis of Variance in Operating Income - 1st Half Plan
Plan for 1st Half of FYE 2019: Analysis of Variance in Operating Income (Consolidated) Domestic : -122 US$ : -296 (100 Million Yen) (volume decrease, mixture deterioration) EURO : +11 Overseas : -262 CA$ : +1 (volume decrease) CNY : ±0 Sales Incentive:-176 Currency exchange adjustment : +12 Others :
Slide 25: https://www.subaru.co.jp/en/ir/
https://www.subaru.co.jp/en/ir/ 25