Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — FY2012 Q3 Earnings Presentation
24 slides from Nissan Motor's earnings presentation, Feb 8, 2013
Slide 1: FY2012 third-quarter financial results
FY2012 third-quarter financial results Nissan Motor Co., LTD. February 8, 2013 www.nissan-global.com Key performance indicators: financial results (billion yen) Net revenue Operating Net income Free cash flow Net cash profit (Auto) (Auto) 6,755.2 6,698.4 427.8 349.2 173.0 357.2 333.8 266.1 232.4 -28
Slide 2: POWER
POWER Brand & sales 8 Global market 8 power share by FY16 Sustainable COP (%) (%) (C) Copyright NISSAN MOTOR CO., LTD. 3 www.nissan-global.com 2013 All rights reserved. FY12 business update FY12 sales performance (9 months) FY12 consolidated financial performance (9 months) (C) Copyright NISSAN MOTO
Slide 3: FY12 business update: award-winning cars, zero-emission leadership
FY12 business update Award-winning cars China Most economical Japan Car of the year vehicle Venucia Sylphy R50 Note (C) Copyright NISSAN MOTOR CO., LTD. 5 www.nissan-global.com 2013 All rights reserved. FY12 business update Zero-emission leadership (Japan) (US) New-generation Nissan LEAF Local produ
Slide 4: FY12 business update: Infiniti momentum, ASEAN
FY12 business update Infiniti momentum Geographic expansion Infiniti Red Bull Racing team Singapore, Chile, Dominican Republic, South Africa and Australia in 2012 Hong kong in 2013 Brazil in 2014 Infiniti’s first premium compact Infiniti Q50 world debut to be produced in UK from 2015 at Detroi
Slide 5: FY12 business update: China updates
FY12 business update China updates Operation status Plant operations • Returned to 2 shifts in Huadu and Zhengzhou plant in Jan. 2013 Showroom traffic recovery Showroom traffic Sales vs. last year (Nissan PV) • CY12 sales : 1,181 k units • Jan 2013 sales : 115.7 k units, 100% +22.2% Dealer inv
Slide 6: FY12 business update: Alliance updates
FY12 business update Alliance updates Created joint venture for 8.1 million unit sales strategic partnership with in CY2012 AVTOVAZ (C) Copyright NISSAN MOTOR CO., LTD. 11 www.nissan-global.com 2013 All rights reserved. FY12 business update Strategic cooperation for FCEV technology (C) Copyright NIS
Slide 7: FY12 sales performance (9 months): Global
FY12 business update FY12 sales performance (9 months) FY12 consolidated financial performance (9 months) (C) Copyright NISSAN MOTOR CO., LTD. 13 www.nissan-global.com 2013 All rights reserved. FY12 sales performance (9 months) : Global TIV* Retail volume vs. FY11 **M/S 6.2% vs. FY11 **M/S 6.2% 59.0
Slide 8: Sales performance (9 months): Japan, China
FY12 sales performance (9 months) : Japan Retail volume +1% (thousand units) TIV: 3.68 million units, +20.1% 434 429 Sales: 434 k units, +1%, thanks to Serena and Note FY11 FY12 3Q YTD 3Q YTD Market share: 11.8%, -2.2 points Market share -2.2 points Serena Note 14.0 (%) 11.8 FY11 FY12 3Q YTD 3
Slide 9: Sales performance (9 months): North America, Europe
FY12 sales performance (9 months) : North America US US Retail volume • TIV: 11.02 million units, +13.4% +8.2% (thousand units) • Sales: 819 k units, +8.2% thanks to Rogue and Pathfinder 819 757 • Market share: 7.4%, -0.4 points Canada • Sales: 61 k units, -8% FY11 FY12 • Market share: 4.6%, -0.
Slide 10: Sales performance (9 months): Other markets
FY12 sales performance (9 months) : Other markets Asia & Oceania: 321 k units, +33.3% • Thailand: 96.5 k units, +96.3% Retail volume • Indonesia: 51.6 k units, +16.2% • India: 30.5 k units, +77.2% (thousand units) +22.1% Latin America: 173.8 k units, +8.5% 709 154 581 • Brazil: 77.4 k units, +44
Slide 11: FY12 financial performance (9 months)
FY12 financial performance (9 months) (billion yen) FY11 FY12 Variance Change 3Q YTD 3Q YTD vs. FY11 (%) Net revenue 6,698.4 6,755.2 +56.8 +0.8% Operating profit 427.8 349.2 -78.6 -18.4% OP margin 6.4% 5.2% Non-operating -11.0 +15.4 Ordinary profit 416.8 364.6 -52.2 -12.5% Extraordinary -21.0 -9.6 P
Slide 12: Free cash flow (Auto business) and inventory management
FY12 financial performance (9 months) Free cash flow (Auto business) +44.3 (billion yen) +498.1 39.4 -339.2 -163.8 +9.1 -282.3 -326.0 -4.8 Net cash AP / AR Inventory Tax / other Cash flow CAPEX* Net asset Other Free cash inflow from operating from sales investing flow P&L items activities operating
Slide 13: Net cash (Auto business) and FY12 outlook
Net Cash (Auto business) (billion yen) 600 619.8 509.2 400 442.0 357.2 333.8 293.3 314.8 320.4 200 0 42.9 -200 2010 2011 2012 Dec Mar Jun Sep Dec Mar Jun Sep Dec FX: JPY/USD End of month 81.5 83.2 80.7 76.7 77.7 82.2 79.3 77.6 86.6 (C) Copyright NISSAN MOTOR CO., LTD. 25 www.nissan-global.com 2013 A
Slide 14: www.nissan-global.com
(C) Copyright NISSAN MOTOR CO., LTD. 27 www.nissan-global.com 2013 All rights reserved.
Slide 15: Appendix: Sales financing funding sources
Appendix (C) Copyright NISSAN MOTOR CO., LTD. 29 www.nissan-global.com 2012 All rights reserved. Sales financing : Funding sources (As of December 2012) Equity 8.8% Group Finance ABS Off B/S (Inter-Company) 3.1% 21.0% Commercial paper ABS On B/S 2.9% 28.6% S/T Loan 3.1% Bonds L/T Loan 24.7% Total fu
Slide 16: Sales financing: penetration and net credit loss ratio
Retail Sales financing: penetration Lease % 100 NFS NMAC NCF NRFM 90 80 70 28% 60 24% 26% 50 25% 40 4% 4% 30 41% 47% 41% 20 31% 39% 38% 29% 30% 10 0 FY11 FY12 FY11 FY12 FY11 FY12 FY11 FY12 3Q YTD 3Q YTD 3Q YTD 3Q YTD 3Q YTD 3Q YTD 3Q YTD 3Q YTD NFS: Nissan Financial Service, sales finance company in
Slide 17: Sales financing: operating profit & asset
Sales financing: operating profit & asset ( NFS : billion yen, NMAC : million USD, NCF : million CAD, NRFM : million Peso) FY11 FY12 3Q YTD 3Q YTD Variance Asset: 1,078.8 Asset: 1,129.6 Asset: +50.8 NFS OP: 13.7 OP: 17.1 OP: +3.4 Asset: 36,226 Asset: 42,737 Asset: +6,511 NMAC OP: 982 OP: 794 OP: -18
Slide 18: 3rd quarter sales performance (3 months): Global
FY12 3rd quarter sales performance(3 months) : Global TIV* Retail volume vs. FY11 **M/S 6.6% vs. FY11 **M/S 6.0% 19.19 Global +4.4% 1,205 18.38 1,159 Global -3.8% 1.09 Japan -3.0% 4.27 130 Japan -11.4% China +5.9% North 269 China -13.8% 4.25 +9.0% (thousand units) America (million units) (3.59) (US)
Slide 19: 3rd quarter operating profit variance analysis
FY12 3rd quarter financial performance (3 months) Operating profit variance analysis (billion yen) +41.1 +21.9 +0.5 118.1 +8.7 -80.9 -6.1 -15.3 -1.7 62.1 -24.2 FY11 FOREX Raw Purch. cost Volume Selling R&D MFG Sales Other FY12 3Q material / reduction / mix exp. exp. exp. finance items 3Q O.P. energy
Slide 20: Detail of non-operating and extraordinary items (9 months)
FY12 financial performance (9 months) (billion yen) Detail of non-operating income/expenses FY11 FY12 Variance 3Q YTD 3Q YTD • Interest income / expenses -11.7 -8.7 +3.0 • FX translation -20.4 4.2 +24.6 NML -19.3 5.9 +25.2 NMEX 6.2 0.4 -5.8 NMAC -2.3 0.5 +2.8 Others -5.0 -2.6 +2.4 Offset • Derivativ
Slide 21: Detail of non-operating and extraordinary items (3 months)
FY12 3rd quarter financial performance (3 months) (billion yen) Detail of non-operating income/expenses FY11 FY12 Variance 3Q 3Q • Interest income / expenses -4.1 -3.4 +0.7 • FX translation 9.9 22.7 +12.8 NML 3.1 21.8 +18.7 NMEX 1.1 0.0 -1.1 NMAC 3.1 -1.1 -4.2 Others 2.6 2.0 -0.6 Offset • Derivative
Slide 22: Free cash flow (Auto business): 3 months and variance
FY12 3rd quarter financial performance (3 month) Free cash flow (Auto business) +131.7 +7.3 (billion yen) -127.6 -96.3 +6.8 -107.7 -211.7 -110.3 -11.9 Net cash AP / AR Inventory Tax / other Cash flow CAPEX* Net asset Other Free cash inflow from operating from sales investing flow P&L items activitie
Slide 23: Detail of other markets retail sales
FY12 retail sales (9 months) FY12 3Q YTD FY11 3Q YTD Detail of other markets 450 400 350 320.9 300 (thousand units) 250 240.8 200 173.8 150 132.1 160.2 100 80.7 104.6 50 69.9 0 Asia & M.East Africa Latin Oceania America (C) Copyright NISSAN MOTOR CO., LTD. 45 www.nissan-global.com 2012 All rights re
Slide 24: NISSAN
NISSAN