Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 2023 Earnings Presentation
27 slides from Toyota Motor's earnings presentation, Nov 1, 2022
Slide 1: FY2023 Second Quarter Financial Results
FY2023 Second Quarter Financial Results bZ3 Toyota Motor Corporation November 1, 20221
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 Second Quarter Financial Results Summary
FY2023 Second Quarter Financial Results Summary Performance：Operating Income 1 trillion 141.4 billion yen ・The business environment is changing dramatically such as the rapid changes of foreign exchange rates, raising interest rates, soaring materials prices, and more. ・While production constraints
Slide 4: FY2023 Second Quarter Financial Performance (FY2023 First Half)
FY2023 Second Quarter Financial Performance (FY2023 First Half) 4
Slide 5: Consolidated Vehicle Sales (FY2023 First Half)
Consolidated Vehicle Sales (FY2023 First Half) (thousands of vehicles) 5,000 Japan 4,094 4,159 101.6% 4,000 N. America 945 869 92.0% Europe 3,000 1,282 1,245 97.1% Asia 2,000 Other 510 479 94.0% Central and South America, 1,000 706 817 115.7% Oceania, Africa, 650 749 115.2% The Middle East, etc. 0 '
Slide 6: Consolidated Financial Summary (FY2023 First Half)
Consolidated Financial Summary (FY2023 First Half) (billions of yen) ’21.4-9 ’22.4-9 Change Sales Revenues 15,481.2 17,709.3 +2,228.0 Operating Income 1,747.4 1,141.4 -606.0 Margin 11.3% 6.4% Other Income 396.5 692.8 +296.2 Share of Profit (Loss) of Investments Accounted for Using the Equity Method
Slide 7: Analysis of Consolidated Operating Income (FY2023 First Half)
Analysis of Consolidated Operating Income (FY2023 First Half) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -830.0 1,747.4 +565.0 -650.0 +130.0 Effects of FOREX Cost Marketing -310.0 1,141.4 Reduction Efforts *2 Increase or Rates *1 D
Slide 8: Geographic Operating Income (FY2023 First Half)
Geographic Operating Income (FY2023 First Half) 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
Slide 9: China Business / Financial Services (FY2023 First Half)
China Business / Financial Services (FY2023 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 relating to Swaps, e
Slide 10: Shareholder Return
Shareholder Return TOYOTA 10
Slide 11: Shareholder Return: Dividends
'19.3 ：US GAAP Shareholder Return : Dividends '20.3-'23.3：IFRS ・ Interim dividend is 25 yen per share (+1 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 Dividend *1 (ye
Slide 12: Shareholder Return: Share Repurchases
'19.3 ：US GAAP Shareholder Return : Share Repurchases '20.3-'23.3：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 yen) 600
Slide 13: FY2023 Financial Forecasts
FY2023 Financial Forecasts 13
Slide 14: FY2023 Forecast: Toyota and Lexus Vehicle Production
FY2023 Forecast: Toyota and Lexus Vehicle Production ・ Vehicle production forecast is revised downwards by 500 thousand units Japan (thousands of vehicles) Overseas 10,000 9,700 9,200 94.8% 8,741 8,570 8,183 8,000 3,000 2,780 92.7% 3,304 2,761 2,919 6,000 4,000 6,700 6,420 95.8% 5,437 5,264 5,809 2,
Slide 15: FY2023 Forecast: Consolidated Vehicle Sales
FY2023 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 99.4% 8,850 8,800 8,230 Japan 8,000 N. America 2,050 1,990 97.1% 1,924 Europe 6,000 2,600 2,450 94.2% Asia 2,394 4,000 Other 1,100 1,040 94.5% 1,017 Central and 2,000 1,670 1,810 108.4% 1,543 South America, Oceania, 105.6% Af
Slide 16: 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 34,500.0 36,000.0 +1,500.0 31,379.5 Operating Income 2,400.0 2,400.0 ±0 2,995.6 Margin 7.0% 6.7% 9.5% Other Income 870.0 940.0 +70.0
Slide 17: Analysis of FY2023 Forecast: Consolidated Operating Income (vs. Previous Forecast)
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.： 130.0 - 2,400.0 2,400.0 +60.0 -185.0 +220.0 Cost -5.0 -90.0 Effects of Increase or Effects of Reduction O
Slide 18: Analysis of FY2023 Forecast: Consolidated Operating Income (vs. FY2022 Results)
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.： -1,255.0 2,995.6 +1,085.0 -445.0 2,400.0 Effects -1,440.0 +630.0 FOREX Cost Reduction Marketing Increase or
Slide 19: (Ref.) Analysis of Consolidated Operating Income (2H Forecast)
(Ref.) Analysis of Consolidated Operating Income (FY2023 2H Forecast vs. FY2022 2H Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： -425.0 1,248.2 1,258.6 -135.0 +520.0 Increase or -84.6 Effects of Decrease in Other *4 FOREX -79
Slide 20: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 Japan 2,146 110.3% 2,000 1,946 N.America 466 104.8% 445 Europe 1,500 Asia 610 98.2% 621 Other 1,000 231 100.9% Central and 229 South America, 500 456 133.8% Oceania, 341 Africa, 310 383 123.5% The Middle East, 0 etc. '21.7-9
Slide 21: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) '21.7-9 '22.7-9 Change Sales Revenues 7,545.7 9,218.2 +1,672.4 Operating Income 749.9 562.7 -187.1 Margin 9.9% 6.1% Other Income 136.8 249.7 +112.8 Share of Profit (Loss) of Investments ＊ Accounted for Using the Equity Method 99.5 13
Slide 22: (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.： -315.0 749.9 +370.0 -375.0 +245.0 -185.0 Effects of Cost Reduction Marketing Increase or 562.7 Decrease in -242.1 FOREX Efforts
Slide 23: (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 for using the equity m
Slide 24: (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 Sw
Slide 25: (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 M
Slide 26: (Ref.) FY2023 Forecast: Vehicle Production and Retail Sales
(Ref.) 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 3,000 2,780 -220 2,761 Vehicle 生産 Overseas Production * 6,700 6,420 -280 5,809 Toyota & Lexus Total 9,700 9,200 -500 8,570
Slide 27: (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