Honda Motor Co., Ltd. · TSE:7267
Honda Motor — Q3 2023 Earnings Presentation
29 slides from Honda Motor's earnings presentation, Feb 13, 2023
Slide 1: FY23 3rd Quarter Financial Results
FY23 3rd Quarter Financial Results February 10, 2023 1
Slide 2: Contents
Contents • Outline of FY23 3rd Quarter Financial Results and FY23 Financial Forecast • Financial Results and Forecast • FY23 Nine Months Results • FY23 Financial Forecast 2
Slide 3: Summary
Summary ■ Strive to improve profitability through further company-wide efforts in challenging business environment ＜Business Environment＞ ⚫ A decrease in automobile production and sales due to the impacts from COVID-19 in China and semiconductor supply shortage. ⚫ A rise in cost of production mainly
Slide 4: Main Market (Automobiles)
Main Market (Automobiles) ■Sales Results in FY23 Main Countries Retail YTD: Lower than the same period last year. Unit vs. FY22 YTD（ Apr. - Dec. ） （thousand） （％） QTD: Affected from the impact of COVID-19 in China, in addition to the semiconductor supply shortage. Japan 394 98.9 Although exceeded the
Slide 5: Main Market (Motorcycles)
Main Market (Motorcycles) ■Sales Results in FY23 Main Countries Wholesale YTD: Exceeded the same period last year. Unit vs. FY22 YTD（ Apr. - Dec. ） (thousand) (%) QTD: Despite the impact from the semiconductor supply shortage, exceeded the same period last year by replacing India 3,323 129.8 sales m
Slide 6: Outline of FY23 Nine Months Results (Consolidated)
Outline of FY23 Nine Months Results (Consolidated) Operating Despite mounting headwinds such as a decrease in automobile units of production profit : and sales due to the semiconductor supply shortage and the impact of COVID-19 in China, an increase in production costs due to higher raw material cos
Slide 7: FY23 Financial Forecast (Consolidated)
FY23 Financial Forecast (Consolidated) vs Previous Forecast: Operating Despite a decrease in automobile unit sales due to the semiconductor supply shortage profit : and the impact of COVID-19 in China, as well as the upward pressure of costs due primary to the impact of inflation, managed to maintai
Slide 8: Dividends and Acquisition of Company's Own Shares
Dividends and Acquisition of Company’s Own Shares <Dividends> Dividend per Share (Yen) FY22 FY22 Change from (Previous) (Expectation) previous forcast Interim Dividend 60 60 - * Year-end Dividend (60) (60) - Fiscal Year (120) (120) - *（ ）: Expected value <Acquisition of the Company’s Own Shares> Pur
Slide 9: Contents
Contents • Outline of FY23 3rd Quarter Financial Results and FY23 Financial Forecast • Financial Results and Forecast • FY23 Nine Months Results • FY23 Financial Forecast 9
Slide 10: Honda Unit Sales <FY23 Nine Months>
Honda Unit Sales <FY23 Nine Months> Unit (thousand) Motorcycles Automobiles Power Products YTD YTD YTD Honda Group Unit Sales FY22 FY23 Change FY22 FY23 Change FY22 FY23 Change Japan 180 179 -1 385 389 +4 266 267 +1 North 332 339 +7 978 860 - 118 2,092 1,724 - 368 America Europe 240 223 - 17 76 63 -
Slide 11: Change in Profit before Income Taxes <FY23 Nine Months>
Change in Profit before Income Taxes <FY23 Nine Months> Yen (billion) Profit before Income Taxes + 14.1 ( + 1.7 %) Operating Profit + 62.2 (+ 9.3 %) + 253.7 - 8.1 - 40.0 859.3 845.2 - 97.1 Profit of - 17.1 - 65.6 equity method Other Sales - 11.5 Price/Cost impacts impacts Expenses R&D Currency *1 *2
Slide 12: Sales Revenue/Operating Profit by Business Segment <FY23 Nine Months>
Sales Revenue/Operating Profit (Margin) by Business Segment <FY23 Nine Months> c upper：FY23 Motorcyle Automobile Financial Services Power Product and lower：FY22 Business Business Business Other Businesses Unit (thousand) 14,285 2,740 - 4,121 Honda Group (9,570) (1,712) - (4,121) Unit Sales (Consolid
Slide 13: Cash Flows of Non-financial Services Businesses
Cash Flows of Non-financial Services Businesses Yen (billion) Nine Months FY22 FY23 Cash flows from operating activities + 563.0 + 807.8 Cash flows from investing activities - 384.7 - 590.7 Free cash flow + 178.3 + 217.0 Cash flows from financing activities - 336.7 - 378.0 Effects of exchange rate c
Slide 14: Contents
Contents • Outline of FY23 3rd Quarter Financial Results and FY23 Financial Forecast • Financial Results and Forecast • FY23 Nine Months Results • FY23 Financial Forecast 14
Slide 15: Forecast: Honda Unit Sales
Forecast: Honda Unit Sales Unit (thousand) Motorcycles Automobiles Power Products Honda Group FY23 FY23 FY23 FY23 FY23 FY23 Unit Sales Change Change Change Previous Revised Previous Revised Previous Revised Japan 255 245 - 10 565 555 - 10 375 355 - 20 North 445 435 - 10 1,255 1,230 - 25 2,280 2,270
Slide 16: FY23 Forecast: Change in Profit before Income Taxes
FY23 Forecast: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes + 9.8 ( + 0.9 % ) Operating Profit - 1.2 ( - 0.1 % ) 1,070.1 - 5.2 - 93.0 + 269.0 + 12.4 - 1.4 1,080.0 Sales - 120.0 Profit of Other impacts equity method Price/Cost *1 impacts - 52.0 Expenses *2 R&D Currenc
Slide 17: FY23 Forecast: Change in Profit before Income Taxes
FY23 Forecast: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes ± 0 ( ± 0 % ) Operating Profit ± 0 ( ± 0 % ) 1,080.0 - 47.0 + 17.0 + 32.0 + 15.0 - 17.0 - 10.0 + 10.0 1,080.0 R&D Currency Profit of Other Sales Price/Cost Expenses effects equity method impacts impacts *2 *
Slide 18: FY23 Forecast: Capital Expenditures/Depreciation/R&D
FY23 Forecast: Capital Expenditures/Depreciation/R&D FY22 FY23 Change from Change Yen (billion) Results Forecast previous forecast Capital expenditures *1 278.4 550.0 + 271.5 - Depreciation and amortization *1 369.9 455.0 + 85.0 - Research and development expenditures *2 804.0 860.0 + 55.9 - *1 Capi
Slide 19: Caution with Respect to Forward-Looking Statements
Caution with Respect to Forward-Looking Statements: This slide contains forward-looking statements about the performance of Honda, which are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that Honda’s actual resul
Slide 20: HONDA The Power of Dreams
HONDA The Power of Dreams
Slide 21: Appendix
Appendix 21
Slide 22: FY23 3rd Quarter Financial Results (Consolidated)
FY23 3rd Quarter Financial Results (Consolidated） Unit (thousand) Honda Group QTD Increased from the same period last Unit Sales FY22 FY23 Motorcycles year mainly due to an increase in Change (Consolidated Unit Sales) Results Results Indonesia. 4,602 5,083 + 10.5% Motorcycles (2,877) (3,227) (+ 12.2
Slide 23: Change in Profit before Income Taxes <FY23 3rd Qtr>
Change in Profit before Income Taxes <FY23 3rd Qtr > Yen (billion) Profit before Income Taxes + 58.7 ( + 20.6 % ) Operating Profit + 51.0 ( + 22.2 % ) + 100.5 + 16.1 - 8.4 343.5 Other 284.8 + 3.0 - 25.4 Profit of equity method Sales - 23.6 impacts Price/Cost - 3.3 *1 impacts Expenses R&D Currency *2
Slide 24: Sales Revenue/Operating Profit by Business Segment <FY23 3rd Qtr>
Sales Revenue/Operating Profit (Margin) by Business Segment <FY23 3rd Qtr> upper：FY23 Motorcyle Automobile Financial Services Power Product and lower：FY22 Business Business Business Other Businesses Unit (thousand) 5,083 955 - 1,186 Honda Group (3,227) (619) - (1,186) Unit Sales 4,602 1,085 - 1,270
Slide 25: Change in Sales Revenue
Change in Sales Revenue (Sales revenue from external customers) Yen (billion) Three Months compared with FY22 3Q: + 749.4 / + 20.3 % (Excluding currency translation effects：+ 113.7 / + 3.1 %) Change FY22 FY23 Change excluding currency translation effects （％） Motorcycle Business 578.3 789.6 + 211.3 +
Slide 26: Sales Revenue / Operating Profit by Geographical Segment
Sales Revenue / Operating Profit by Geographical Segment Yen (billion) Japan North America Europe Asia Other Regions Three Months FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 Sales 1,121.6 1,235.6 1,954.0 2,494.9 131.0 163.8 1,131.3 1,282.1 162.5 211.1 Revenue Operating 11.6 36.8 134.6 98.2 4.8
Slide 27: Capital Expenditures/Depreciation/R&D <FY23 3rd Qtr>
Capital Expenditures/Depreciation/R&D <FY23 3rd Qtr> QTD YTD FY22 FY23 FY22 FY23 Change Change Yen (billion) Results Results Results Results Capital expenditures 65.5 156.7 + 91.1 192.4 398.8 + 206.3 Depreciation and 86.4 112.2 + 25.8 280.1 319.6 + 39.5 amortization Research and development 202.9 21
Slide 28: Sales Revenue/Operating Profit by Business Segment
Sales Revenue/Operating Profit by Business Segment Yen (billion) QTD YTD FY22 FY23 Change Change FY22 FY23 Change Segment Information 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q (%) Change Results Results (%) Sales Revenue Motorcycle Business 518.2 505.5 578.3 583.1 676.0 736.6 789.6 + 211.3 + 36.5% 1,602.0 2,202.3 + 6
Slide 29: Honda Group Unit Sales/Consolidated Unit Sales
Honda Group Unit Sales/Consolidated Unit Sales Unit (thousand) QTD YTD Forecast FY22 FY23 Honda Group FY22 FY23 FY22 FY23 Unit Sales 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change Change Change Results Results Results Forecast Motorcycles 3,879 4,294 4,602 4,252 4,251 4,951 5,083 + 481 12,775 14,285 + 1,510 17,027