Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2009 Earnings Presentation
34 slides from Toyota Motor's earnings presentation, May 8, 2009
Slide 1: FY2009 Financial Results
FY2009 Financial Results Toyota Motor Corporation May 8, 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 Under Japanese securities laws and regulations (the "Regulations"), subject to 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 trading in
Slide 4: FY2009 Financial Results Meeting
FY2009 Financial Results Meeting 4 1. 1. FY2009 FY2009 Financial Financial Results Results 2. 2. FY2010 FY2010 Financial Financial Forecasts Forecasts 3.3.Measures Measuresfor forFY2010 FY2010Emergency EmergencyProfit ProfitImprovement Improvement 4. 4. The The Way Way Forward Forward 5. 5. Sharehol
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 (thousands of vehicles) 10,000 8,913 1,527 7,567 （-1,346） 8,000 956 Other 1,443 （-84） Central and 6,000 1,284 905 （-51） South America, Oceania, Africa, 1,062 （-222） The Middle 4,000 East etc. 2,958 2,212 （-746） Asia 2,000 Europe N. America 2,188 1,945 （-243） Japan 0 '07/
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary 6 (billions of yen) FY2009 FY2008 Change ('08/4-'09/3) ('07/4-'08/3) Net Revenues 20,529.5 26,289.2 -5,759.7 -21.9% Operating Income -461.0 2,270.3 -2,731.3 - Income before income taxes, minority interest and equity of earnings of affiliated companies -560.4 2,437.2 -2
Slide 7: Analysis of Consolidated Net Income
Analysis of Consolidated Net Income 7 (billions of yen) Net Income (-2,154.8) 1,717.8 Operating Income (-2,731.3) Excluding Valuation Gains/Losses from Interest Rate Swaps (- 2,719.1) Valuation Equity in Effects of Increases Cost Non- Profit from Earnings of Income FOREX in Reduction operating Inter
Slide 8: Details of FY2009 Emergency Profit Improvement
Details of FY2009 Emergency Profit Improvement 8 FY09 FY09Emergency EmergencyProfit ProfitImprovement Improvement Increase IncreaseSales Sales by by adding specialeditions adding special editions and export destinations and export destinations Emergency EmergencyVA VAActivities Activities Amount Amo
Slide 9: Geographic Operating Income
Geographic Operating Income 9 <Consolidated Vehicle Sales> (thousands of vehicles) (billions of yen) *1 Japan Includes Exported vehicles. <North America> FY08 FY09 *2 N. America excludes valuation gains/losses from interest rate swaps *1 Operating Income Excluding 4,896 *1 Valuation Gains/Losses fro
Slide 10: Financial Services Operating Income
Excluding Valuation Gains/Losses Financial Services Operating Income from Interest Rate Swaps 10 (billions of yen) 154.5 150 100 '07/4-'08/3 '08/4-'09/3 Operating Income Excluding 50 Valuation Gains/Losses from 154.5 8.2 Interest Rate Swaps Valuation Gains/Losses from -146.3 Interest Rate Swaps -68.
Slide 11: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 11 (billions of yen) 270.1 250 200 150 100 42.7 50 -227.4 0 '07/4-'08/3 '08/4-'09/3 -Decreased mainly due to decreased earnings of Japanese affiliated companies
Slide 12: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) 12 (billions of yen) FY2009 FY2008 Change ('08/4-'09/3) ('07/4-'08/3) Net Revenues 9,278.4 12,079.2 -2,800.8 -23.2% Operating Income -187.9 1,108.6 -1,296.5 - Ordinary Income 182.5 1,580.6 -1,398.1 -88.4% Net Income 56.6 1,138.1 -1,081.5 -95.0%
Slide 13: Analysis of Unconsolidated Net Income
Analysis of Unconsolidated Net Income 13 (billions of yen) Net Income （- 1,081.5 ） Operating Income （-1,296.5） 1,138.1 Effects of Increases in Cost Non- Income Marketing Expenses, Reduction Operating etc. Tax, etc Activities Efforts Income -66.5 +316.6 -580.0 +40.0 -101.6 Effects of FOREX Rates -690
Slide 14: FY2009 Financial Results Meeting
FY2009 Financial Results Meeting 14 1. 1. FY2009 FY2009 Financial Financial Results Results 2. 2. FY2010 FY2010 Financial Financial Forecasts Forecasts 3.3.Measures Measuresfor forFY2010 FY2010Emergency EmergencyProfit ProfitImprovement Improvement 4. 4. The The Way Way Forward Forward 5. 5. Shareho
Slide 15: FY2010 Forecasts: Consolidated Vehicle Sales
FY2010 Forecasts: Consolidated Vehicle Sales 15 (thousands of vehicles) 8,000 7,567 6,500 （-1,067） 7,000 1,443 6,000 1,040 （-403） Other 905 5,000 760 （-145） Central and 1,062 South America, Oceania, 4,000 920 （-142） Africa, The Middle East etc. 3,000 2,212 1,860 （-352） Asia 2,000 Europe N. America 1
Slide 16: FY2010 Forecasts: Consolidated Financial Summary
FY2010 Forecasts: Consolidated Financial Summary 16 (billions of yen) FY2010 Forecast FY2009 Actual ('09/4-'10/3) ('08/4-'09/3) Change Net Revenues 16,500.0 20,529.5 -4,029.5 Operating Income -850.0 -461.0 -389.0 Income before income taxes and equity of earnings of -850.0 -560.4 -289.6 affiliated co
Slide 17: Analysis of FY2010 Consolidated Forecasts: Operating Income
Analysis of FY2010 Consolidated Forecasts: Operating Income 17 <billions of yen> Operating Income FY2009 Actual Results ('08/4 - '09/3) -461.0 Volume / Mix, etc -800.0 Negative Factors Effects of FOREX Rates -450.0 Total -1,250.0 Cost Reduction Efforts +340.0 Emergency Profit Reduction in Fixed Cost
Slide 18: FY2009 Financial Results Meeting
FY2009 Financial Results Meeting 18 1. 1. FY2009 FY2009 Financial Financial Results Results 2. 2. FY2010 FY2010 Financial Financial Forecasts Forecasts 3.3.Measures Measuresfor forFY2010 FY2010Emergency EmergencyProfit ProfitImprovement Improvement 4. 4. The The Way Way Forward Forward 5. 5. Shareho
Slide 19: Measures for FY2010 Emergency Profit Improvement
Measures for FY2010 Emergency Profit Improvement 19 Deliver as many as possible vehicles responding to consumer preferences 1. Take advantage of eco-friendly vehicles line-up - Introduce new hybrid models (4 in Japan and 3 overseas) within FY2010 - Expand sales utilizing governments’ promotions of e
Slide 20: Variable Cost Reduction Forecast of 340 billion yen
Measures for FY2010 Emergency Profit Improvement 20 “Variable Cost Reduction” Forecast of 340 billion yen Emergency VA Activities Cost Reduction Efforts * (billions of yen) FY2010 - Expand targets 300 340 billion yen(Forecast) (From 15 to 50 Models) 200 100 Cost Reduction 0 at manufacturing plants F
Slide 21: Fixed Cost Reduction Forecast of 460 billion yen
Measures for FY2010 Emergency Profit Improvement 21 “Fixed Cost Reduction” Forecast of 460 billion yen 1) Capital Expenditure 830 billion yen, 36% reduction from FY09 ⇒ 70 billion yen reduction in depreciation (billions of yen) CAPEX and Depreciation 1,600 1,528.8 1,482.6 1,480.2 CAPEX 1,400 1,302.5
Slide 22: Measures for FY2010 Emergency Profit Improvement: R&D Expenses
Measures for FY2010 Emergency Profit Improvement 22 2) R & D Expenses -Promote further development of advanced technologies related to environment, energy and safety -Reduce expenses by streamlining development (billions of yen) R & D Expenses 1,000 958.8 904.0 890.7 812.6 820.0 800 600 400 200 0 FY
Slide 23: Measures for FY2010 Emergency Profit Improvement: G&A, Sales, Labor Costs
Measures for FY2010 Emergency Profit Improvement 23 3) General and Administrative Expenses, Sales Expenses, Labor Costs, etc. -General and Administrative Expenses: Reduce expenses such as traveling -Sales Expenses: Focused and effective use in accordance with sales measures -Labor Costs: Combine emp
Slide 24: FY2009 Financial Results Meeting
FY2009 Financial Results Meeting 24 1. 1. FY2009 FY2009 Financial Financial Results Results 2. 2. FY2010 FY2010 Financial Financial Forecasts Forecasts 3.3.Measures Measuresfor forFY2010 FY2010Emergency EmergencyProfit ProfitImprovement Improvement 4. 4. The The Way Way Forward Forward 5. 5. Shareho
Slide 25: The Way Forward
The Way Forward 25 Thoroughly analyze Customers’ Needs in Each Region Develop Products responding to Changing Demand Structure -By Product :Shifting to compact and hybrid vehicles -By Region :Shifting to resource-rich and emerging countries
Slide 26: The Way Forward
The Way Forward 26 From Customers’ View-Point, Provide High-Quality, Affordable and Attractive Products - Pursue cost management of compact and hybrid vehicles - Early commercialization of next-generation environmental, energy and safety technologies - Establish an efficient system of development, p
Slide 27: The Way Forward
The Way Forward 27 From Customers’ View-Point, Provide High-Quality, Affordable and Attractive Products - Pursue cost management of compact and hybrid vehicles - Early commercialization of next-generation environmental, energy and safety technologies - Establish an efficient system of development, p
Slide 28: The Way Forward
The Way Forward 28 From Customers’ View-Point, Provide High-Quality, Affordable and Attractive Products - Pursue cost management of compact and hybrid vehicles - Early commercialization of next-generation environmental, energy and safety technologies - Establish an efficient system of development, p
Slide 29: FY2009 Financial Results Meeting
FY2009 Financial Results Meeting 29 1. 1. FY2009 FY2009 Financial Financial Results Results 2. 2. FY2010 FY2010 Financial Financial Forecasts Forecasts 3.3.Measures Measuresfor forFY2010 FY2010Emergency EmergencyProfit ProfitImprovement Improvement 4. 4. The The Way Way Forward Forward 5. 5. Shareho
Slide 30: Shareholder Return
Shareholder Return 30 Full-year Dividend: 100 yen per Share (Total dividend: 313.5 billion yen) Dividend per Share and Net Income (yen) (billions of yen) 200 2,000 Net Income (right axis) 150 140 1,500 120 100 100 1,000 90 75 70 35 65 55 50 45 500 36 40 28 20 25 50 65 65 15 35 16 20 25 13 0 0 FY02 F
Slide 31: In Conclusion
In Conclusion 31 Promote Customer First, Genchi Genbutsu & Product Appeal In response to changing demand structure Constantly reinforce foundation for future growth Implement emergency profit improvement Quality Cost Human Resources
Slide 32: FY2010 Toyota's Operations Forecasts
FY2010 Toyota’s Operations Forecasts 32 (thousands of vehicles) FY2010 Forecast FY2009 Actual ('09/4-'10/3) ('08/4-'09/3) Japan 2,940 3,393 Automotive Production Overseas 3,360 3,710 Total 6,300 7,103 Sales (Japan) 1,350 1,340 Exports 1,660 2,139 Sales (Overseas) 5,350 6,064 Housing Sales 4,400 Unit
Slide 33: FY2010 Unconsolidated Forecasts (Japan GAAP)
FY2010 Unconsolidated Forecasts (Japan GAAP) 33 (billions of yen) FY2010 Forecast FY2009 Actual ('09/4-'10/3) ('08/4-'09/3) Change Net Revenues 7,800.0 9,278.4 -1,478.4 Operating Income -630.0 -187.9 -442.1 Ordinary Income -370.0 182.5 -552.5 Net Income -180.0 56.6 -236.6
Slide 34: FY2009 Financial Results
FY2009 Financial Results Toyota Motor Corporation May 8, 2009