Mitsubishi Motors Corporation · TSE:7211
Mitsubishi Motors — Q2 2020 Earnings Presentation
23 slides from Mitsubishi Motors's earnings presentation, Nov 4, 2020
Slide 1: FY2020 Second-Quarter Financial Results
MITSUBISHI MOTORS FY2020 Second-Quarter Financial Results November 4, 2020
Slide 2: Agenda
1. 1H/FY2020 Financial Results 2. FY2020 Financial Forecast 3. Sales by Region 4. Progress of Structural Reforms 2
Slide 3: 1H/FY2020 Financial Results Summary (vs. 1H/FY2019)
1H/FY2020 Financial Results Summary (vs. 1H/FY2019) (Billion yen, 000 units) 1,128.0 574.9 -553.1 229.5 345.4 10.2 -82.6 -92.8 -53.3 -29.3 (0.9%) 1.2 -87.0 -88.2 -58.7 -28.3 2.6 -209.9 -212.5 -176.2 -33.7 592 351 -241 139 212 * Net income attributable to owners of the parent 3
Slide 4: 1H/FY2020 Operating Profit Variance (vs. 1H/FY2019)
1H/FY2020 Operating Profit Variance (vs. 1H/FY2019) Japan -10.0 FX rate (Yen) Effect (billion yen) 1H/FY19 1H/FY20 (bill yen) ASEAN -40.0 USD 109 107 -2.7 China, others -3.3 EUR 122 122 +0.4 North America-11.7 THB 3.48 3.35 +3.5 Europe -14.1 AUD 76 74 -1.0 Australia/NZ -5.7 RUB 1.68 1.43 -0.8 Others
Slide 5: 1H/FY2020 Sales Volume Results (vs. 1H/FY2019)
1H/FY2020 Sales Volume Results (vs. 1H/FY2019) Retail sales (000 units) GLOBAL -241 (-41%) ASEAN -80 (-53%) Australia/NZ -15 (-33%) Japan -25 (-48%) China, others -31 (-38%) North America -27 (-35%) Europe -37 (-33%) Latin America, Middle -26 (-36%) East/Africa, etc. 1H/FY2019 1H/FY2020 Regarding re
Slide 6: Agenda
1. 1H/FY2020 Financial Results 2. FY2020 Financial Forecast 3. Sales by Region 4. Progress of Structural Reforms 6
Slide 7: FY2020 Financial and Dividend Forecast
FY2020 Financial and Dividend Forecast (Billion yen, 000 units) 2,270.3 1,480.0 -790.3 -35% 12.8 -140.0 -152.8 - (0.6%) -3.8 -160.0 -156.2 - -25.8 -360.0 -334.2 - ¥10 ¥0 1,127 824 -303 -27% * Net income attributable to owners of the parent 7
Slide 8: FY2020 Operating Profit Variance Forecast (vs. FY2019)
FY2020 Operating Profit Variance Forecast (vs. FY2019) FX rate (Yen) Effect (billion yen) FY2020 (bill yen) FY2019 Previous Revised USD 109 107 106 -5.7 EUR 121 120 122 +1.0 THB 3.52 3.47 3.38 +9.2 AUD 75 74 74 -1.3 RUB 1.69 1.55 1.38 -2.4 Others - - - -2.8 Procure- ment cost -15.0 R&D reduction +17
Slide 9: Agenda
1. 1H/FY2020 Financial Results 2. FY2020 Financial Forecast 3. Sales by Region 4. Progress of Structural Reforms 9
Slide 10: Sales by Region
Sales by Region Retail sales Boost market share by strengthening (000 units) ASEAN digital marketing, in addition to dealer network Australia/NZ Promote efficient marketing measures Introduce “Ultra My Car Plan*” Japan Expand sales of the new ECLIPSE CROSS China, Recovering sales while maintaining a
Slide 11: Agenda
1. 1H/FY2020 Financial Results 2. FY2020 Financial Forecast 3. Sales by Region 4. Progress of Structural Reforms 11
Slide 12: Progress of Structural Reforms
Progress of Structural Reforms Indirect labor cost Headcount rationalization (reallocation, restraint on new ‐Headcount rationalization (reallocation, restraint on hiring and voluntary retirement plan) On track ‐new hiring and voluntary retirement plan) Compensation system revision Compensation syst
Slide 13: New Model
New Model New ECLIPSE CROSS OUTLANDER PHEV Adding PHEV model: twin-motor 4WD system Starting production in Thailand: this December allowing for the quick, silent, yet powerful Expanding deployment in ASEAN region acceleration unique to electric vehicles Promote electrification centered on PHEV based
Slide 14: Mitsubishi Motors - Drive your Ambition
ae MITSUBISHI MOTORS Drive your Ambition
Slide 15: Appendix
MITSUBISHI MOTORS APPENDIX
Slide 16: 1H/FY2020 Balance Sheet and Free Cash Flow
1H/FY2020 Balance Sheet and Free Cash Flow (vs. FY2019, 1H/FY2019) (billion yen) Variance Total Assets 1,938.1 1,732.3 -205.8 Cash & Deposits 399.6 487.7 +88.1 Total Liabilities 1,149.7 1,153.3 +3.6 Interest Bearing Debt* 299.4 562.7 +263.3 Total Net Assets 788.4 579.0 -209.4 Shareholders’ Equity 77
Slide 17: 1H/FY2020 Capital Expenditure, R&D Expense and Depreciation
1H/FY2020 Capital Expenditure, R&D Expense and Depreciation CAPEX R&D Expense Depreciation ¥25.5 bn ¥50.3 bn ¥31.5 bn -39% (YoY) -22% (YoY) -12% (YoY) (¥bn) 6% 5% 4% 3% 2% 1% 0% 1H/FY2019 1 1H/FY2020 2 3 1H/FY2019 4 1H/FY2020 5 6 1H/FY2019 7 1H/FY2020 8 (APR-SEP 2019) (APR-SEP 2020) (APR-SEP 2019) (
Slide 18: 1H/FY2020 Regional Performance (vs. 1H/FY2019)
1H/FY2020 Regional Performance (vs. 1H/FY2019) Net Sales Operating Profit (billion yen) 1H/FY2019 1H/FY2020 Variance 1H/FY2019 1H/FY2020 Variance (APR–SEP 2019) (APR-SEP 2020) (APR-SEP 2019) (APR-SEP 2020) GLOBAL 1,128.0 574.9 -553.1 10.2 -82.6 -92.8 ‐ Japan 234.1 179.8 -54.3 -3.7 -22.8 -19.1 ‐ ASEA
Slide 19: FY2020 Sales Volume Forecast (vs. FY2019)
FY2020 Sales Volume Forecast (vs. FY2019) Retail sales (000 units) GLOBAL -303 (-27%) ASEAN -77 (-27%) Australia/NZ -20 (-23%) Japan -19 (-20%) China, others -31 (-22%) North America -47 (-29%) Europe -72 (-33%) Latin America, Middle -37 (-27%) East/Africa, etc. FY2019 FY2020 (APR 2019-MAR 2020) (AP
Slide 20: FY2020 Regional Sales Forecast (vs. FY2019)
FY2020 Regional Sales Forecast (vs. FY2019) (billion yen) Variance GLOBAL 2,270.3 1,480.0 -790.3 ‐ Japan 460.5 416.0 -44.5 ‐ ASEAN 551.9 370.0 -181.9 ‐ China, others 41.7 17.0 -24.7 ‐ North America 315.1 205.0 -110.1 ‐ Europe 474.7 169.0 -305.7 ‐ Australia/NZ 176.8 165.0 -11.8 ‐ Others 249.6 138.0 -
Slide 21: FY2020 Capital Expenditure, R&D Expense and Depreciation Forecast
FY2020 Capital Expenditure, R&D Expense and Depreciation Forecast CAPEX R&D Expense Depreciation ¥100.0 bn ¥114.0 bn ¥65.5 bn -4% (YoY) -13% (YoY) -12% (YoY) (¥bn) 6% 5% 4% 3% 2% 1% 0% FY2019 1 FY2020 2 3 FY2019 4 FY2020 5 6 FY2019 7 FY2020 8 (APR 2019-MAR 2020) (APR 2020-MAR 2021) (APR 2019-MAR 202
Slide 22: FY2020 Shareholder Returns
FY2020 Shareholder Returns Dividend per share: ¥0 (¥) 25 20 15 10 5 0 22
Slide 23: Forward-looking statements disclaimer
This presentation contains forward-looking statements, based on judgments and estimates that have been made on the basis of currently available information. By nature, such statements are subject to uncertainty and risk. Therefore, you are advised that the final results might be significantly differ