Mazda Motor Corp. · TSE:7261
Mazda Motor — FY March 2025 Earnings Presentation
34 slides from Mazda Motor's earnings presentation, May 12, 2025
Slide 1: Financial Results for Fiscal Year March 2025
FINANCIAL RESULTS FOR FISCAL YEAR MARCH 2025 May 12, 2025 MAZDA CX-80 Mazda Motor Corporation M A Z DA M OTO R CO R PO RAT I O N
Slide 2: Presentation Outline
PRESENTATION OUTLINE ▪Financial Results Highlights ▪Progress of Management Policy up to 2030 ▪FY March 2025 Results ▪Impact of the U.S. Tariff Policy and Our Response ▪Dividend Note: Net income in this presentation indicates net income attributable to owners of the parent M A Z DA M OTO R CO R P ORA
Slide 3: Financial Results Highlights
FINANCIAL RESULTS HIGHLIGHTS M A Z DA M OTO R CO R P ORAT I ON 3
Slide 4: Financial Results Highlights
FINANCIAL RESULTS HIGHLIGHTS ▪ FY March 2025 Results - Global sales volume was 1,303,000 units, up 5% from the previous year. Record sales in North America drove top-line growth - Record net sales of ¥5,018.9 billion were achieved - Operating income was ¥186.1 billion, down 26% from the previous yea
Slide 5: Financial Results Highlights: FY March 2026 Forecast
FINANCIAL RESULTS HIGHLIGHTS ▪ FY March 2026 Forecast ⁃ FY March 2026 forecast is yet to be determined ⁃ We are closely monitoring the U.S. business climate, including developments in the U.S. tariff policy, market demand, and customer acceptance of sales price changes ⁃ We will review policy develo
Slide 6: Our Response to U.S. Tariffs
OUR RESPONSE TO U.S. TARIFFS ▪ Minimize the impact on stakeholders, including suppliers, dealers and customers ▪ Aim to maintain global sales volume at previous fiscal year level ▪ Make utmost efforts to strengthen management resilience through various measures including urgent actions such as cost
Slide 7: Progress of Management Policy up to 2030
PROGRESS OF MANAGEMENT POLICY UP TO 2030 M A Z DA M OTO R CO R P ORAT I ON 7
Slide 8: Phase 1: Securing resources for growth investment
PROGRESS OF MANAGEMENT POLICY UP TO 2030 ▪ Phase 1: Securing resources for growth investment - North American business drove top-line growth - Profit and net cash are growing as anticipated Sales Volume in North America Net Cash (Billion Yen) 617K 514K Mexico 106K 400.3 439K Mexico 77K Canada 75K 40
Slide 9: Phase 2: Lean Asset Strategy to improve corporate value
PROGRESS OF MANAGEMENT POLICY UP TO 2030 ▪ Phase 2: Lean Asset Strategy to improve corporate value Execution strategy Lean Asset Strategy Tech strategy Multi-Solution Strategy Approach ‘Intentional follower for BEV’/ Collaboration Financial approach Technology Partners Monozukuri ⚫ Focus on cash flo
Slide 10: Phase 2: Initiatives in markets
PROGRESS OF MANAGEMENT POLICY UP TO 2030 China (CMA) ▪ Phase 2: Initiatives in markets Reconstruct China business with NEVs as mainstream - Replicate the success of our U.S. business reforms and work to turn the business around in Asia - Promote development of the next-generation CX-5 and Mazda in-h
Slide 11: Phase 2: Invest in people
PROGRESS OF MANAGEMENT POLICY UP TO 2030 ▪ Phase 2: Invest in people - Promote corporate culture reforms and improvement of the working environment to maximize employee potential - Deploy Mazda’s organizational culture reform program company- wide ✓ Since November 2023, the program has been implemen
Slide 12: FY March 2025 Results
FY MARCH 2025 RESULTS M A Z DA M OTO R CO R P ORAT I ON 12
Slide 13: FY March 2025 Volume Results
FY MARCH 2025 VOLUME RESULTS Change from Change from (Thousand Units) FY March 2024 FY March 2025 Prior Year Feb. Forecast Full Year Full Year Full Year Full Year Production Volume* 1,219 1,207 -12 -1% - Global Sales Volume Japan 160 152 -8 -5% +2 North America 514 617 +103 +20% +12 Europe 180 174 -
Slide 14: FY March 2025 Financial Metrics
FY MARCH 2025 FINANCIAL METRICS Change from Change from (Billion Yen) FY March 2024 FY March 2025 Prior Year Feb. Forecast Full Year Full Year Full Year Full Year Consolidated Wholesales 1,202 1,219 +17 +1% -31 (Thousand Units) Net Sales 4,827.7 5,018.9 +191.2 +4% +18.9 Operating Income 250.5 186.1
Slide 15: Change in FY March 2025 Operating Income (vs. FY March 2024)
CHANGE IN FY MARCH 2025 OPERATING INCOME (vs. FY MARCH 2024) (Billion Yen) Volume & Mix Sales +62.8 Incentives Foreign 250.5 Exchange Cost Raw Material, Improvement +43.9 Logistics Costs, etc. Fixed Costs, +25.0 Other 186.1 -124.9 -46.2 -25.0 FY March FY March 2024 Change from Prior Year -64.4 2025
Slide 16: Change in FY March 2025 Operating Income (vs. February Forecast)
CHANGE IN FY MARCH 2025 OPERATING INCOME (vs. FEBRUARY FORECAST) (Billion Yen) Volume & 200.0 Mix Cost Fixed Costs, Sales Foreign Raw Material, Improvement Other Incentives Exchange 186.1 Logistics Costs, etc. 0.0 +1.0 -9.8 -0.5 -3.9 -0.7 February Change from February Forecast -13.9 Results Forecast
Slide 17: FY March 2025 Cash Flow and Net Cash
FY MARCH 2025 CASH FLOW AND NET CASH (Billion Yen) FY March 2024 FY March 2025 Full Year Full Year Cash Flow from Operating Activities 418.9 305.6 Cash Flow from Investing Activities -179.9 -200.0 Free Cash Flow 239.0 105.7 (Billion Yen) 2024 2025 Change from March End March End Prior FY End Cash an
Slide 18: Impact of the U.S. Tariff Policy and Our Response
IMPACT OF THE U.S. TARIFF POLICY AND OUR RESPONSE M A Z DA M OTO R CO R P ORAT I ON 18
Slide 19: Overview of Impact of U.S. Tariff Policy
OVERVIEW OF IMPACT OF U.S. TARIFF POLICY ▪ Impact on Mazda business ⁃ Japanese-made vehicles are subject to a 25% auto tariff on top of the current 2.5% Most Favored Nation (MFN) tariff ⁃ Mexican-made vehicles are USMCA-compliant ⁃ U.S.-made vehicles are subject to tariffs on imported parts M A Z DA
Slide 20: Actions to Minimize the Impact of Tariffs
ACTIONS TO MINIMIZE THE IMPACT OF TARIFFS ▪ Established a response team ﹣Cross-functional team designs business response in line with principles of minimizing the impact on our stakeholders including customers ▪ Maximize profits through model mix improvements, etc. ﹣Optimize revenue, model mix, and
Slide 21: Dividends
DIVIDENDS M A Z DA M OTO R CO R P ORAT I ON 21
Slide 22: Dividends
DIVIDENDS ▪ Year-end dividend for FY March 2025 is ¥30 per share Annual dividend is ¥55, with a dividend payout ratio of 30% ▪ The dividend forecast for FY March 2026 is undecided. We will take all possible measures to minimize the impact of tariffs and aim for stable dividends 60 5 55 Dividends Per
Slide 23: Slide 23
Slide 24: Appendix
APPENDIX M A Z DA M OTO R CO R P ORAT I ON 24
Slide 25: Japan
JAPAN ▪ 152,000 units were sold, down 5% year on year ▪ In the fourth quarter, 49,000 units were sold, up 25% year on year, thanks to contributions of the newly-introduced CX-80 and the updated CX-60 and CX-5 MAZDA CX-60 Full Year Sales Volume & ▪ Market share declined by 0.2 points year on Market S
Slide 26: North America
NORTH AMERICA ▪ 617,000 units were sold, up 20% year on year, achieving record-high sales volume for North America MAZDA CX-50 ▪ USA: - 435,000 units were sold, up 16% year on year - Market share was 2.7%, up 0.3 points year on year - Record-high sales volume was achieved for the full year. Increase
Slide 27: Europe
EUROPE ▪ 174,000 units were sold, down 3% year on year ▪ Market share was 1.1% on par with the prior year ▪ Sales increases for CX-30 and Mazda2 Hybrid were more than offset by declines for pre-updated CX-60 and run-out models (CX-5 and Mazda6) MAZDA CX-80 ▪ The updated CX-60 was launched, and initi
Slide 28: China
CHINA ▪ 74,000 units were sold, down 23% year on year ▪ Market share was 0.2%, down 0.1 points year on year ▪ Sales volume declined due to reduced demand for ICE vehicles MAZDA EZ-60 ▪ In October 2024, the Mazda EZ-6 was launched, a Full Year Sales Volume & dedicated electrified model featuring two
Slide 29: Other Markets
OTHER MARKETS ▪ 285,000 units were sold, down 1% year on year MAZDA CX-90 ▪ Australia: - 97,000 units were sold, down 1% year on year - Market share was 8.0%, up 0.1 points year on year - Sales decreased following the discontinuation of production of the CX-8 and CX-9, but market share grew, thanks
Slide 30: FY March 2025 Fourth Quarter Volume Results
FY MARCH 2025 FOURTH QUARTER VOLUME RESULTS (Thousand Units) FY March 2024 FY March 2025 Change from Prior Year 4th Quarter 4th Quarter 4th Quarter Production Volume* 292 297 +6 +2% Global Sales Volume Japan 39 49 +10 +25% North America 134 153 +19 +14% Europe 46 45 -1 -3% China 24 16 -7 -31% Other
Slide 31: FY March 2025 Fourth Quarter Financial Metrics
FY MARCH 2025 FOURTH QUARTER FINANCIAL METRICS (Billion Yen) FY March 2024 FY March 2025 Change from Prior Year 4th Quarter 4th Quarter 4th Quarter Consolidated Wholesales (Thousand Units) 313 316 +3 +1% Net Sales 1,261.2 1,329.5 +68.3 +5% Operating Income 50.3 37.8 -12.5 -25% Ordinary Income 81.1 3
Slide 32: Change in Fourth Quarter Operating Income (vs. FY March 2024 Fourth Quarter)
CHANGE IN FY MARCH 2025 FOURTH QUARTER OPERATING INCOME (vs. FY MARCH 2024 FOURTH QUARTER) (Billion Yen) Volume & Mix Sales +28.7 Incentives Foreign Exchange Cost Raw Material, 50.3 Improvement Fixed Costs, Logistics Costs, etc. -20.6 +11.1 Other 37.8 -10.0 -3.8 -17.9 FY March FY March 2024 Change f
Slide 33: Exchange Rates (Averages During the Year)
EXCHANGE RATES (AVERAGES DURING THE YEAR) Change from (Yen) FY March 2025 Change from Prior Year Feb. Forecast 1st Half 2nd Half Full Year 1st Half 2nd Half Full Year Full Year US Dollar 153 152 153 +12 +4 +8 0 Euro 166 162 164 +13 +1 +7 0 Canadian Dollar 112 108 110 +7 -2 +3 0 Australian Dollar 101
Slide 34: Disclaimer
DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including but not limited to conditions of the world economy in the future, trends in the automotive industry, and the risk of exchange rate fluctuations. Consequently, Mazda's actual perfo