Mazda Motor Corp. · TSE:7261
Mazda Motor — Q1 FY March 2012 Earnings Presentation
27 slides from Mazda Motor's earnings presentation, Jul 29, 2011
Slide 1: Fiscal Year Ending March 2012 First Quarter Financial Results
FISCAL YEAR ENDING MARCH 2012 FIRST QUARTER FINANCIAL RESULTS New MAZDA Demio 13-SKYACTIV Mazda Motor Corporation July 29, 2011 1
Slide 2: Presentation Outline
PRESENTATION OUTLINE Highlights Fiscal Year Ending March 2012 First Quarter Results In Summary 2
Slide 3: Highlights
HIGHLIGHTS 3
Slide 4: Highlights
HIGHLIGHTS Revenue was ¥408.1 billion, operating loss was ¥23.1 billion, and net loss was ¥25.5 billion Due to the impact of the earthquake, global sales volume was down 11% year-over-year to 281,000 units Introduced the New Demio in Japan, our first product incorporating SKYACTIV TECHNOLOGY. Achiev
Slide 5: Fiscal Year Ending March 2012 First Quarter Results
FISCAL YEAR ENDING MARCH 2012 FIRST QUARTER RESULTS 5
Slide 6: FY Ending March 2012 Financial Metrics
FY ENDING MARCH 2012 FINANCIAL METRICS First Quarter Change FY Ending FY Ended (Billion yen) March 2012 March 2011 Amount YOY (%) Revenue 408.1 578.0 (169.9) (29) Operating profit (23.1) 6.4 (29.5) - Ordinary profit (25.8) 4.1 (29.9) - Profit before tax (30.6) 0.8 (31.4) - Net income (25.5) (2.1) (2
Slide 7: Key Sales Data
KEY SALES DATA First Quarter Change FY Ending FY Ended March 2012 March 2011 Volume YOY(%) Global sales volume (000) Japan 35 52 (17) (32) North America 86 90 (4) (4) USA 58 60 (2) (3) Europe 44 54 (10) (19) China 53 53 0 0 Other Markets 63 68 (5) (8) Total 281 317 (36) (11) Wholesales (000) 186 268
Slide 8: Japan
JAPAN 1st Quarter Sales Volume/ (000) Share (%) 52 50 (32)% 10 35 4.5 4.6 5 New Mazda Demio 13-SKYACTIV 0 0 1st quarter sales volume was Full Year Sales Volume 35,000 units. Share increased 0.1 point from the prior year to 4.6% 206 0% 207 200 New Demio achieved orders exceeding the plan, for a good
Slide 9: North America
NORTH AMERICA 1st Quarter Sales Volume/ (000) US Share (%) 100 90 (4)% 86 5 50 1.9 1.8 Mazda3 1st quarter sales volume was 0 0 86,000 units Full Year Sales Volume In the US, Mazda3 and CX-9 maintain the top residual value in 342 1% 346 their respective segments 300 Improved to 5th rank position in 2
Slide 10: Europe
EUROPE 1st Quarter Sales Volume/ (000) Share (%) 54 (19)% 50 44 2 1.1 0.9 Mazda5 0 0 1st quarter sales volume was Full Year Sales Volume 44,000 units 212 (5)% 202 Due to strong demand and our 200 strong brand in Russia, doubled sales volume YOY and increased share by 0.4 points to 1.2% 100 Full year
Slide 11: China
CHINA 1st Quarter Sales Volume/ (000) Share (%) 53 0% 53 5 50 1.2 1.2 Mazda6 0 0 Full Year Sales Volume Achieved record sales volume 14% 270 of 53,000 units 236 Share remained at prior year 200 level of 1.2% Steady progress to build sales 100 network, with 323 dealer outlets opened 0 Full year forec
Slide 12: Other Markets
OTHER MARKETS 1st Quarter Sales Volume/ (000) Australia Share (%) 15 68 (8)% 63 50 7.8 8.4 10 5 AAT-produced Mazda2 0 0 Sales in other markets were 63,000 units Full Year Sales Volume Increased share in Australia by 277 1% 280 0.6 points to achieve record share of 8.4% 200 Record sales volume achiev
Slide 13: Operating Profit Change
OPERATING PROFIT CHANGE FY Ending March 2012 1st Quarter Compared with (Billion yen) FY Ended March 2011 1st Quarter Improvement FY Ended (Deterioration) March 2011 10.0 6.4 Vol. & Mix 0.0 US Dollar (3.8) (10.0) Euro (0.2) Other +0.9 Other (20.0) Marketing + 5.0 Exchange Cost Expense Improvement + 0
Slide 14: Operating Profit and Domestic Production Trend
OPERATING PROFIT AND DOMESTIC PRODUCTION TREND ・Full ・Full year year domestic domestic production production volume volume forecast: forecast: 900,000 900,000 units units ・Full ・Full year year operating operating profit profit forecast: forecast: ¥20 ¥20 billion billion Domestic Production (000) 178
Slide 15: Operating Profit Change
OPERATING PROFIT CHANGE FY Ending March 2012 2nd Quarter Compared with 1st Quarter (Billion yen) FY March 2012 10.0 Cost Improvement 2nd Quarter and Other + 6.2 3.1 Vol. & Mix 0.0 + 20.0 (10.0) (20.0) FY March 2012 1st Quarter (30.0) Improvement (23.1) Change + 26.2 (Deterioration) 15
Slide 16: In Summary (1)
IN SUMMARY (1) With the impact of the earthquake and other factors, revenue was ¥408.1 billion, operating loss was ¥23.1 billion and net loss was ¥25.5 billion Plan to turn around to profitability from the 2nd quarter. 1st quarter results on schedule to achieve full year operating profit of ¥20 bill
Slide 17: In Summary (2)
IN SUMMARY (2) Starting with the New Demio launched in Japan, the launch of models with new generation SKYACTIV TECHNOLOGY is proceeding according to plan - Introduce the New Mazda3 with SKYACTIV-G and SKYACTIV-Drive in major markets in the latter half of FY Ending March 2012 - In 2012, the new CX-5
Slide 18: 18
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Slide 19: Appendix
APPENDIX 19
Slide 20: Revenue by Geographic Area
REVENUE BY GEOGRAPHIC AREA (Billion yen) 607.8 600 578.0 579.7 560.2 99.1 Other 69.7 73.1 66.8 Europe 93.1 96.5 112.9 125.2 408.1 69.1 North 140.3 175.0 300 America 160.5 148.2 63.8 94.3 Japan 240.2 269.8 220.0 235.2 180.9 0 1Q 2Q 3Q 4Q 1Q FY Ended March 2011 FY March 2012 20
Slide 21: Revenue by Product
REVENUE BY PRODUCT (Billion yen) 607.8 600 578.0 579.7 560.2 66.8 Other 61.8 67.2 63.5 54.7 Parts 53.7 55.6 53.3 408.1 58.4 47.9 300 Vehicle / Parts for 486.3 462.6 456.9 443.4 overseas production 301.8 0 1Q 2Q 3Q 4Q 1Q FY Ended March 2011 FY March 2012 21
Slide 22: Revenue Change
REVENUE CHANGE FY Ending March 2012 1st Quarter Compared with FY Ended March 2011 1st Quarter (Billion yen) FY Ending March 2012 408.1 Japan (4)% FY Ended March 2011 578.0 Overseas (24)% 0% (1)% Total Vol. & Mix Exchange (29)% (28)% (30)% 22
Slide 23: Key Sales Data
KEY SALES DATA First Quarter Change FY Ending FY Ended March 2012 March 2011 Volume YOY(%) Consolidated wholesales (000) Japan 43 54 (11) (20) North America 59 94 (35) (38) Europe 27 44 (17) (39) China 3 6 (3) (55) Other Markets 54 70 (16) (22) Total 186 268 (82) (31) 23
Slide 24: Key Sales Data
KEY SALES DATA Full Year FY Ending FY Ended Change March 2012 March 2011 Volume YOY(%) Global sales volume (000) Japan 207 206 1 0 North America 346 342 4 1 USA 240 238 2 1 Europe 202 212 (10) (5) China 270 236 34 14 Other 280 277 3 1 Total 1,305 1,273 32 3 Exchange rates US$ / Yen 83 86 (3) € / Yen
Slide 25: FY Ending March 2012 Financial Metrics
FY ENDING MARCH 2012 FINANCIAL METRICS FY March FY Ending March 2012 2011 Full Year (Billion yen) 1st half 2nd half Full year Full year Change Revenue 960.0 1,230.0 2,190.0 2,325.7 (135.7) Operating profit (20.0) 40.0 20.0 23.8 (3.8) Ordinary profit (25.0) 40.0 15.0 36.9 (21.9) Profit before tax (30
Slide 26: Key Data
KEY DATA (Billion yen) 100 95.0 Full 91.0 Year 80.0 Full 71.6 70.0 Year 50 Full 44.7 Year 25.2 1Q 23.2 1Q 18.2 17.4 15.5 1Q 6.4 0 (FYE March) 2011 2012 2011 2012 2011 2012 Capital Spending Depreciation R&D cost 26
Slide 27: 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