Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2003 Q1 Earnings Presentation
24 slides from Toyota Motor's earnings presentation, Aug 7, 2002
Slide 1: Toyota Motor Corporation FY2003 Q1 Financial Results
Toyota Motor Corporation FY2003 Q1 Financial Results three months ended June 30, 2002 - prepared in accordance with Japan GAAP - August 7, 2002 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements This release 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 unknown risks, uncertainties and other factor
Slide 3: Caution concerning insider trading
Caution concerning insider trading: Under Japanese securities laws and regulations (the "Regulations"), although there are certain exceptions, any person who receives certain material information relating to the business, etc., of Toyota which may be contained in this document is prohibited from tra
Slide 4: I. Consolidated Financial Summary
I. Consolidated Financial Summary 4
Slide 5: Notes to Consolidated Financial Result
Notes to Consolidated Financial Result 1.Standard for Interim Financial Statement (Japan GAAP) 2.Reviewed by Chuo Aoyama Audit Corporation 3.Terms compared: Units, Income Statement items: April – June ’01 (Europe, Other: January – March ’01) Balance Sheet items: March 31, ’02 4.Extraordinary gain fr
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary FY2003 Q1 FY2002 Q1 (Apr-Jun '02) (Apr-Jun '01) Changes Net billions of yen billions of yen billions of yen % Sales 4,021.1 3,347.7 673.4 (20.1) Operating billions of yen billions of yen billions of yen % Income 394.5 291.3 103.2 (35.4) Ordinary billions of yen billion
Slide 7: Consolidated Vehicle Unit Sales 1
Consolidated Vehicle Unit Sales 1 Thousands of unit 2,000 [1,545] [1,490] 1,504 (+174) 1,500 1,330 1,000 1,010 792 Overseas (+218) 500 538 494 Domestic (-44) 0 Apr-Jun '01 Apr-Jun '02 Figures in brackets include total unit sales of Toyota-, Daihatsu-, and Hino-brand vehicles 7
Slide 8: Consolidated Vehicle Unit Sales 2
Consolidated Vehicle Unit Sales 2 Thousands of unit 2,000 [1,545] [1,490] 1,504 (+174) 1,330 1,500 (+102) Other 289 187 (+27) Europe 210 1,000 183 North (+89) 422 America 511 500 (-44) 538 Japan 494 0 Apr-Jun '01 Apr-Jun '02 Figures in brackets include total unit sales of 8 Toyota-, Daihatsu-, and H
Slide 9: Consolidated: Changes in Operating Income
Consolidated: Changes in Operating Income Increase by 103.2 billion yen Increase Decrease 160 billion yen 56.8 billion yen ! Cost reduction: ! R&D expenses, 70 billion yen Depreciation, etc. : ! Forex rate change: -56.8 billion yen 70 billion yen 123 to 127 yen/1US$* 107 to 117 yen/1euro* ! Marketin
Slide 10: Geographical Segment: Japan
Geographical Segment: Japan FY2003 1Q FY2002 1Q Changes Operating billions of yen billions of yen billions of yen % Income 276.2 228.2 48.0 21.0 10
Slide 11: Geographical Segment: North America
Geographical Segment: North America FY2003 1Q FY2002 1Q Changes Operating billions of yen billions of yen billions of yen % Income 107.0 63.9 43.1 67.5 Increasing North American Production Capacity (current 1,250 thousand to 1,450 thousand units) ‘02 Expansion at TMMWV (West Virginia)* Beginning of
Slide 12: Geographical Segment: Europe
Geographical Segment: Europe FY2003 1Q FY2002 1Q Changes Operating billions of yen billions of yen billions of yen times Income 3.2 0.3 2.9 11.3 Increasing European Production Capacity Apr. ’02 TMMP (Poland) – Commence production of manual transmission Beginning ’03 Expansion at TMMF (France) from 1
Slide 13: Geographical Segment: Other
Geographical Segment: Other FY 2003 1Q FY 2002 1Q Changes Operating billions of yen billions of yen billions of yen times Income 10.4 3.1 7.3 3.4 Camry Corolla ＊October ’02: Altis Commence production at Tianjin plant 13
Slide 14: Financial Business
Financial Business Operating income : decreased by 13.9 billion yen ◆ Expanding Financial Business Operation: +13.4 billion yen ◆ Valuation loss from interest rate swap agreements by US finance subsidiary: -27.3 billion yen 14
Slide 15: Capital Expenditure, Depreciation, R&D
Capital Expenditure, Depreciation, R&D Capital R&D Expenditure Depreciation Expenses (billions of yen) (billions of yen) (billions of yen) Consolidated Total 203.7 176.2 150.1 Japan 123.7 112.8 North America 50.5 41.3 Europe 14.3 12.5 Other 15.2 9.6 15
Slide 16: Non-operating Income, etc.
Non-operating Income, etc. Non-operating Income: increased by 49.2 billion yen ◆ Non-operating income on equity in earnings of affiliates: 24 billion yen due to return of substituted portion of employee pension fund Extraordinary Gains: increased by 163.7 billion yen ◆ 163.7 billion yen gains on ret
Slide 17: II. Unconsolidated Financial Summary
II. Unconsolidated Financial Summary FY2003 Q1 FY2002 Q1 Changes Net billions of yen billions of yen billions of yen % Sales 2,081.5 1,982.7 98.8 (5.0) Operating billions of yen billions of yen billions of yen % Income 244.2 196.5 47.7 (24.3) Ordinary billions of yen billions of yen billions of yen
Slide 18: III. Prospects for FY2003
III. Prospects for FY2003 18
Slide 19: Consolidated Vehicle Sales
Consolidated Vehicle Sales FY2003 Prospects FY2002 thousands of units as of Aug '02 as of May. '02 Result * (+570) (+440) Consolidated 6,110 5,980 5,540 (+40) (+60) Japan 2,260 2,280 2,220 North (+160) (+90) America 1,940 1,870 1,780 (+50) (+50) Europe 780 780 730 (+320) (+240) Other 1,130 1,050 810
Slide 20: Unconsolidated Vehicle Sales
Unconsolidated Vehicle Sales FY2003 Prospects FY2002 as of Aug '02 as of May '02 Results * thousands of units Production Domestic 3,450 3,260 3,360 Overseas 2,150 2,150 1,830 Domestic Sales 1,750 1,750 1,720 Exports 1,750 1,600 1,700 Overseas Sales 3,800 3,700 3,600 units Housing Sales 3,400 3,400 3
Slide 21: Unconsolidated Prospects
Unconsolidated Prospects FY2003 Prospects as of Aug. '02 as of May. '02 billions of yen Net Sales 8,300 Operating billions of yen Income No amendment of 750 Ordinary prospected figures billions of yen Income will be made at this 770 time. billions of yen Net Income 550 Exchange rate 125 yen/1US$ 110
Slide 22: IV. Reference
IV. Reference 22
Slide 23: Changes in Shareholdings of the Parent Company
Changes in Shareholdings of the Parent Company Financial Institution Trust 11% accounts 22% Banks Insurance 34% 62% 19% 55% Businesses 14% Foreign 17% Individual Treasury Stock '99/9 '02/3 23
Slide 24: Toyota Motor Corporation FY2003 Q1 Financial Results
Toyota Motor Corporation FY2003 Q1 Financial Results three months ended June 30, 2002 - prepared in accordance with Japan GAAP – August 7, 2002 24