Mazda Motor Corp. · TSE:7261
Mazda Motor — Q3 FY2007 Earnings Presentation
32 slides from Mazda Motor's earnings presentation, Feb 6, 2008
Slide 1: FY2007 Third Quarter Results and Full Year Projections
FY2007 THIRD QUARTER RESULTS AND FULL YEAR PROJECTIONS MAZDA MOTOR CORPORATION February 6, 2008 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE Nine Months Results Full Year Projections In Summary 2
Slide 3: Nine Months Results
NINE MONTHS RESULTS 3
Slide 4: FY2007 Nine Months Highlights
FY2007 NINE MONTHS HIGHLIGHTS Operating Profit Up 1% to ¥108.4 Billion and Revenues Up 9% to ¥2,506.3 Billion With Net Income Up 7%, Achieved Growth at All Profit Levels Global Sales Up 4% to 975,000 Units, or Up 11% Excluding Volume Produced in Hainan Introduced the New Demio/Mazda2 and New Atenza/
Slide 5: FY2007 Nine Months Financial Metrics
FY2007 NINE MONTHS FINANCIAL METRICS (Billion yen) Nine Months Change FY2007 FY2006 Amount Pct. Revenues 2,506.3 2,289.6 216.7 9 % Operating Profit 108.4 107.3 1.1 1 % Ordinary Profit 89.7 83.9 5.8 7 % Profit Before Tax 86.3 76.7 9.6 12 % Net Income 45.0 42.1 2.9 7 % Operating ROS 4.3 % 4.7 % (0.4)
Slide 6: Key Data
KEY DATA Nine Months FY2007 FY2006 Change Global Retail Volume (000) 975 942 4 % Excl. Volum e Produced in Hainan 975 880 11 % Exchange Rates Yen / U.S. Dollar 117 116 ¥ 1 Yen / Euro 163 148 ¥ 15 6
Slide 7: Domestic & Overseas Revenue Changes
DOMESTIC & OVERSEAS REVENUE CHANGES FY2007 Nine Months Compared With FY2006 Nine Months 15% 15% Vol. & Mix 4 % Exchange 5 % 10% 9% 5% 0% Total Domestic Overseas (5)% (4)% (Billion yen) FY07 2,506.3 621.9 1,884.4 FY06 2,289.6 645.3 1,644.3 7
Slide 8: Japan
JAPAN Nine Months FY2007 FY2006 Change Retail Volume (000)* 175 182 (4) % New Demio Highly Acclaimed * Excluding volume sold under Ford Brand 8
Slide 9: North America
NORTH AMERICA Nine Months Retail Volume (000) FY2007 FY2006 Change United States 217 202 8 % Canada & Other * 85 76 12 % North America Total 302 278 9 % Sales of CX-9 Expanded and Strong Sales of Mazda3 Continued * Including Mexico and Puerto Rico 9
Slide 10: Europe
EUROPE Nine Months FY2007 FY2006 Change Retail Volume (000)* 228 221 3 % Sales Growth Led by Launch of New Mazda2 ＊Including Turkey 10
Slide 11: China
CHINA Nine Months FY2007 FY2006 Change Retail Volume (000) 71 98 (28) % Excl. Volum e Produced in Hainan 71 36 97 % Strong Sales of Mazda6 and Mazda3 New Version 11
Slide 12: Other Markets
OTHER MARKETS Nine Months FY2007 FY2006 Change Retail Volume (000) 199 163 22 % CX-7, BT-50 and Mazda3 Contributed to Higher Sales 12
Slide 13: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 Nine Months Compared With FY2006 Nine Months (Billion yen) [Factors for Increase] 31.2 - Higher volume in Other Markets 30 [Factors for Decrease] - Dealer inventory optimization in USA and Europe 20 - Higher incentive spend mainly in North America 10 9.2 1.1 1.0 0 (10
Slide 14: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 Nine Months Compared With FY2006 Nine Months (Billion yen) US Dollar 2.1 31.2 Euro 12.4 30 Other 16.7 20 9.2 10 1.1 1.0 0 (10) (7.9) (6.2) (20) FY07 108.4 FY06 107.3 (30) (26.2) Total Vol&Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 14
Slide 15: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 Nine Months Compared With FY2006 Nine Months (Billion yen) Product upgrades (5.1) 31.2 Regulations (2.8) 30 Net of raw material 20 price increase 10 9.2 1.1 1.0 0 (10) (6.2) (7.9) (20) FY07 108.4 FY06 107.3 (30) (26.2) Total Vol&Mix Exch. Product CR Mktg. Other Oper.
Slide 16: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 Nine Months Compared With FY2006 Nine Months (Billion yen) 31.2 Primarily higher R&D cost 30 and depreciation 20 10 9.2 1.1 1.0 0 (10) (6.2) (7.9) (20) FY07 108.4 FY06 107.3 (30) (26.2) Total Vol&Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 16
Slide 17: FY2007 Full Year Projections
FY2007 FULL YEAR PROJECTIONS 17
Slide 18: FY2007 Full Year Financial Metrics
FY2007 FULL YEAR FINANCIAL METRICS (Billion yen) Full Year Change FY2007 FY2006 Amount Pct. Revenues 3,320.0 3,247.5 72.5 2 % Operating Profit 160.0 158.5 1.5 1 % Ordinary Profit 140.0 127.8 12.2 10 % Profit Before Tax 130.0 118.5 11.5 10 % Net Income 85.0 73.7 11.3 15 % Operating ROS 4.8 % 4.9 % (0
Slide 19: Key Data
KEY DATA Full Year FY2007 FY2006 Change Global Retail Volume (000) 1,360 1,302 4 % Exchange Rates Yen / U.S. Dollar 114 117 ¥ (3) Yen / Euro 161 150 ¥ 11 19
Slide 20: Global Sales Projections
GLOBAL SALES PROJECTIONS Full Year FY2007 FY2006 Change Consol. Wholesales (000) Japan 251 264 (13) North America* 383 402 (19) Europe 316 297 19 Other Markets 260 214 46 Total 1,210 1,177 33 Global Retail Volume (000) Japan 252 261 (9) North America* 407 380 27 Europe 321 304 17 China 105 129 (24)
Slide 21: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 Full Year Compared With FY2006 Full Year (Billion yen) [Factors for Increase] - Higher sales volume with Mazda2, CX-7 and CX-9 30 [Factors for Decrease] 22.4 - Dealer inventory optimization in USA and Europe 20 - Higher incentive spend Mainly in North America 16.1 10
Slide 22: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 Full Year Compared With FY2006 Full Year (Billion yen) Product upgrades (10.2) Cost reductions net of Regulations (3.1) raw material price 30 increase 22.4 20 16.1 10 5.5 1.5 (13.3) 0 (10) (3.9) (20) FY07 160.0 Primarily higher R&D cost FY06 158.5 and depreciation (30
Slide 23: In Summary
IN SUMMARY 23
Slide 24: In Summary
IN SUMMARY Achieve Full-Year Targets Originally Projected At the Beginning of Fiscal Year as Planned Advance Steadily toward a 7th Consecutive Year of Sales and Profit Growth Sales Momentum Accelerating The New Demio/Mazda2 and New Atenza/Mazda6 are Highly Acclaimed and Off to a Strong Start Fiercer
Slide 25: 25
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Slide 26: Appendix
APPENDIX 26
Slide 27: FY2007 Third Quarter Financial Metrics
FY2007 THIRD QUARTER FINANCIAL METRICS (Billion yen) Third Quarter Change FY2007 FY2006 Amount Pct. Revenues 850.0 768.2 81.8 11 % Operating Profit 35.3 37.5 (2.2) (6) % Ordinary Profit 32.1 27.3 4.8 18 % Profit Before Tax 32.0 24.3 7.7 32 % Net Income 15.9 14.9 1.0 7 % Operating ROS 4.2 % 4.9 % (0.
Slide 28: Key Data
KEY DATA Third Quarter FY2007 FY2006 Change Global Retail Volume (000) 316 288 10 % Excl. Volum e Produced in Hainan 316 265 19 % Exchange Rates Yen / U.S. Dollar 113 118 ¥ (5) Yen / Euro 164 152 ¥ 12 28
Slide 29: Key Data
KEY DATA Third Quarter FY2007 FY2006 Change Consol. Wholesales (000) Japan 53 52 1 North America* 95 90 5 Europe 78 79 (1) Other Markets 75 48 27 Total 301 269 32 Global Retail Volume (000) Japan 52 51 1 North America* 89 79 10 Europe 75 68 7 China 30 36 (6) Other Markets 70 54 16 Total 316 288 28 *
Slide 30: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 3rd Quarter Compared With FY2006 3rd Quarter (Billion yen) 10 6.5 5 3.8 2.6 0 (2.2) (5) (3.1) (5.1) FY07 35.3 (6.9) (10) FY06 37.5 Total Vol&Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 30
Slide 31: Operating Profit Changes
OPERATING PROFIT CHANGES FY2007 Full Year Compared With November Plan (Billion yen) 5 3.5 Feb. 160.0 Nov. 160.0 0.0 0.0 0.0 0.0 0.0 0 (3.5) (5) Total Vol&Mix Exch. Product CR Mktg. Other Oper. Enhanc. Exp. Costs 31
Slide 32: Disclaimer
DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including without limitation the conditions of the world economy in the future, the trend of the automotive industry and the risk of exchange-rate fluctuations. So, please be aware that Maz