Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 FY2010 Earnings Presentation
28 slides from Toyota Motor's earnings presentation, Nov 5, 2009
Slide 1: FY2010 Second Quarter Financial Results
FY2010 Second Quarter Financial Results Toyota Motor Corporation November 5, 2009
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 2 This presentation 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
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 3 A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Unde
Slide 4: FY2010 First Half Financial Results
FY2010 First Half For the 6 months ended Sept. 30, 2009 Financial Results
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 FY2010 FY2010 FY2010 FY2010 (thousands of vehicles) 1H 1H 2Q 2Q (thousands of vehicles) 5,000 2,500 4,250 2,064 -16.2% 4,000 -26.4% 2,000 788 407 1,729 （-335） Other 510 3,130 （-1,120） 266 Central and 247 （-141） South America, 3,000 466 （-322） 1,500 Oceania, 579 227 （-20）
Slide 6: Consolidated Financial Summary (FY2010 First Half)
Consolidated Financial Summary (FY2010 First Half) 6 (billions of yen) FY2010 FY2009 1H 1H Change ('09/4-9) ('08/4-9) Net Revenues 8,377.6 12,190.4 -3,812.8 -31.3% Operating Income -136.9 582.0 -718.9 - Income before income taxes and equity in earnings of affiliated companies -63.0 636.4 -699.4 - Ne
Slide 7: Analysis of Consolidated Net Income (FY2010 First Half)
Analysis of Consolidated Net Income* (FY2010 First Half) 7 (billions of yen) * Net income attributable to Toyota Motor Corporation Net Income* (-549.4) Operating Income (-718.9) 493.4 Excluding Valuation Gains/Losses from Interest Rate Swaps (-663.4) Effects of Equity in Cost Reduction Non- Income E
Slide 8: Consolidated Financial Summary (FY2010 Second Quarter)
Consolidated Financial Summary (FY2010 Second Quarter) 8 (billions of yen) FY2010 FY2009 2Q 2Q Change ('09/7-9) ('08/7-9) Net Revenues 4,541.6 5,975.3 -1,433.7 -24.0% Operating Income 58.0 169.5 -111.5 -65.8% Income before income taxes and equity in earnings of affiliated companies 75.5 183.4 -107.9
Slide 9: Analysis of Consolidated Net Income (FY2010 Second Quarter)
Analysis of Consolidated Net Income* (FY2010 Second Quarter) 9 (billions of yen) * Net income attributable to Toyota Motor Corporation Net Income* (-118.0) Operating Income (-111.5) Excluding Valuation Gains/Losses 139.8 from Interest Rate Swaps (-94.2) Effects of Cost FOREX Reduction Rates Efforts
Slide 10: Progress in Emergency Profit Improvement
Progress in Emergency Profit Improvement (Consolidated Operating Income) 10 (billions of yen) FY2010 FY2010 FY2010 FY2010 Previous Forecasts 1H 1Q 2Q ('09/4-9) ('09/4-'10/3) ('09/4-6) ('09/7-9) Sales Volume / Mix 0 110.0 110.0 50.0 Financial Services 0 60.0 60.0 20.0 Cost Reduction Efforts 80.0 130.
Slide 11: Geographic Operating Income (FY2010 First Half)
Geographic Operating Income (FY2010 First Half) 11 *1 Japan includes exported vehicles. (billions of yen) North America '08/4-9 '09/4-9 *2 N.America excludes valuation gains/losses from interest rate swaps. Operating Income Excluding Consolidated Vehicle Sales (thousands of vehicles) Valuation Gains
Slide 12: Geographic Operating Income (FY2010 Second Quarter)
Geographic Operating Income (FY2010 Second Quarter) 12 *1 Japan includes exported vehicles. (billions of yen) North America '08/7-9 '09/7-9 *2 N.America excludes valuation gains/losses from interest rate swaps. Operating Income Excluding Valuation Gains/Losses from Intrest -48.7 28.0 Consolidated Ve
Slide 13: Financial Services Operating Income
Excluding Valuation Gains/Losses Financial Services Operating Income from Interest Rate Swaps 13 FY2010 FY2010 FY2010 FY2010 (billions of yen) 1H 1H (billions of yen) 2Q 2Q 120 107.5 80 72.9 90 60 60 40 34.8 30 20 8.9 +72.7 +64.0 0 0 '08/4-9 '09/4-9 '08/7-9 '09/7-9 (billions of yen) (billions of yen
Slide 14: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 14 FY2010 FY2010 FY2010 FY2010 1H 1H 2Q 2Q (billions of yen) (billions of yen) 160 144.1 160 120 120 80 80 49.1 40 40 -108.2 -199.6 ’09/4-9 0 ’09/7-9 0 '08/4-9 '09/4-9 '08/7-9 '09/7-9 -55.5 -59.1 ･Decreased earnings of affiliated companies in Japan and Chin
Slide 15: Unconsolidated Financial Summary (FY2010 First Half)
Unconsolidated Financial Summary (Japan GAAP, FY2010 First Half) 15 (billions of yen) FY2010 FY2009 1H 1H Change ('09/4-9) ('08/4-9) Net Revenues 3,656.6 5,649.2 -1,992.6 -35.3% Operating Income -265.7 252.5 -518.2 - Ordinary Income -46.3 595.2 -641.5 - Net Income -18.8 472.2 -491.0 -
Slide 16: Analysis of Unconsolidated Net Income (FY2010 First Half)
Analysis of Unconsolidated Net Income (FY2010 First Half) 16 (billions of yen) Net Income (-491.0) 472.2 Operating Income (-518.2) Effects of Cost Reduction Non- Income FOREX Reduction in Fixed Operating Tax, etc. Rates Efforts Costs, etc. Income -280.0 +170.0 +171.8 -123.3 +150.5 -18.8 Sales Volume
Slide 17: Unconsolidated Financial Summary (FY2010 Second Quarter)
Unconsolidated Financial Summary (Japan GAAP, FY2010 Second Quarter) 17 (billions of yen) FY2010 FY2009 2Q 2Q Change ('09/7-9) ('08/7-9) Net Revenues 2,027.9 2,758.7 -730.8 -26.5% Operating Income -83.9 79.0 -162.9 - Ordinary Income -58.7 193.8 -252.5 - Net Income -24.7 151.1 -175.8 -
Slide 18: Analysis of Unconsolidated Net Income (FY2010 Second Quarter)
Analysis of Unconsolidated Net Income (FY2010 Second Quarter)18 (billions of yen) Net Income (-175.8) 151.1 Operating Income (-162.9) Effects of Cost Reduction Non- Income FOREX Reduction in Fixed Operating Tax, etc. Rates Efforts Costs, etc. Income -160.0 +110.0 +127.1 -89.6 +76.7 -24.7 Sales Volum
Slide 19: Shareholder Return (Interim Dividend)
Shareholder Return (Interim Dividend) 19 Interim Interim Dividend: Dividend: 20 20 yen yen per per Share Share (Total (TotalAmount AmountofofPayout: Payout:62.7 62.7billion billionyen) yen) (yen) (billions of yen) 200 2,000 Dividend per Share and Net Income 150 140 1,500 Net Income (right axis) 120
Slide 20: FY2010 Financial Forecasts
FY2010 Financial Forecasts
Slide 21: FY2010 Forecasts: Consolidated Vehicle Sales
FY2010 Forecasts: Consolidated Vehicle Sales 21 (thousands of vehicles) 8,000 7,567 7,030 (+430) 7,000 6,600 1,443 1,130 (+90 ) 6,000 1,040 905 930 (+170 ) Other 5,000 760 1,062 Central and 920 870 (-50 ) South America, Oceania, 4,000 Africa, The Middle 3,000 1,860 1,970 (+110) 2,212 East etc. Asia
Slide 22: FY2010 Forecasts: Consolidated Financial Summary
FY2010 Forecasts: Consolidated Financial Summary 22 (billions of yen) New Forecasts Previous Forecasts FY2009 Results ('09/4-'10/3) ('09/4-'10/3) Change ('08/4-'09/3) Net Revenues 18,000.0 16,800.0 1,200.0 20,529.5 Operating Income -350.0 -750.0 400.0 -461.0 Income before income taxes and equity in
Slide 23: Analysis of FY2010 Consolidated Forecasts (vs. Previous Forecasts)
Analysis of FY2010 Consolidated Forecasts (vs. Previous Forecasts) 23 (billions of yen) Operating Income FY2010 Previous Forecasts ('09/4 - '10/3) -750.0 ※ Emergency Profit Sales Volume / Mix +250.0 Improvement Financial Services +110.0 Previous: ※ ￥ 900 bn Positive Factors Cost Reduction Efforts +8
Slide 24: Analysis of FY2010 Consolidated Forecasts: Operating Income (vs. FY2009 Results)
Analysis of FY2010 Consolidated Forecasts: Operating Income (vs. FY2009 Results) 24 (billions of yen) Operating Income FY2009 Results ('08/4 - '09/3) -461.0 Sales Volume / Mix -500.0 Improvement from the initial forecast +300.0 Negative Factors Effects of FOREX Rates -420.0 Emergency Profit Total -9
Slide 25: FY2010 Consolidated Forecasts: CAPEX, Depreciation, R&D
FY2010 Consolidated Forecasts: CAPEX, Depreciation, R&D 25 (billions of yen) New Forecasts Previous Forecasts Change FY2009 Results ('09/4-'10/3) ('09/4-'10/3) ('08/4-'09/3) Capital 760.0 830.0 -70.0 1,302.5 Expenditures Depreciation 1,000.0 1,000.0 ±0 1,072.1 Expenses R&D 800.0 820.0 -20.0 904.0 Ex
Slide 26: FY2010 Unconsolidated Forecasts (Japan GAAP)
(Reference) FY2010 Unconsolidated Forecasts (Japan GAAP) 26 (billions of yen) New Forecasts Previous Forecasts Change ('09/4-'10/3) ('09/4-'10/3) Net Revenues 8,200.0 8,000.0 200.0 Operating Income -520.0 -600.0 80.0 Ordinary Income -280.0 -290.0 10.0 Net Income -120.0 -120.0 ±0
Slide 27: FY2010 Toyota's Operations Forecasts
(Reference) FY2010 Toyota’s Operations Forecasts 27 (thousands of vehicles) FY2010 Forecasts FY2009 Results ('09/4-'10/3) ('08/4-'09/3) Japan 3,120 3,393 Automotive Production Overseas 3,930 3,710 Total 7,050 7,103 Sales (Japan) 1,550 1,340 Exports 1,600 2,139 Sales (Overseas) 5,600 6,064 Housing Sa
Slide 28: FY2010 Second Quarter Financial Results
FY2010 Second Quarter Financial Results Toyota Motor Corporation November 5, 2009