Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 FY2020 Earnings Presentation
16 slides from Nissan Motor's earnings presentation, Jul 28, 2020
Slide 1: Fiscal Year 2020 First-Quarter Financial Results
FISCAL YEAR 2020 FIRST-QUARTER FINANCIAL RESULTS Nissan Motor Co., Ltd. July 28th, 2020 AGENDA FY20 1Q RESULTS FY20 OUTLOOK NISSAN NEXT 2
Slide 2: FY20 1st Quarter Sales Performance
FY20 1ST QUARTER SALES PERFORMANCE China Jan-Mar base TIV *1 RETAIL VOLUME M/S*2 5.5% 22.50 1,231 5.98 344 1.23 vs. FY19 126 M/S*2 5.2% vs. FY19 12.49 GLOBAL -44.5% 5.31 -47.7% 643 GLOBAL (4.43) 3.36 CHINA -43.9% 452 207 CHINA -39.9% 0.84 JAPAN -31.8% (351) (THOUSAND UNITS) 5.47 3.39 NORTH (MILLION
Slide 3: Operational Status of Sales Outlets
OPERATIONAL STATUS OF SALES OUTLETS JAPAN CHINA 100% 100% 100% 100% 100% 100% 100% 100% OUTLETS OPEN OUTLETS OPEN 20’ Mar Apr May Jun 20’ Mar Apr May Jun * Nissan + Venucia + Infiniti NORTH AMERICA EUROPE 92% 98% 82% 80% 69% 64% OUTLETS OPEN OUTLETS OPEN 35% 4% 20’ Mar Apr May Jun 20’ Mar Apr May Ju
Slide 4: Sales Performance in Core Markets
SALES PERFORMANCE IN CORE MARKETS Total M/S* Registered car M/S* Kei car M/S* Significant increase in Kei share driven by Nissan JAPAN ROOX introduced in March Upward trend in registered car share expected to increase further with introduction of Nissan Kicks e-POWER Total M/S* Retail volume * F
Slide 5: FY20 1st Quarter Financial Performance; Liquidity Status
FY20 1ST QUARTER FINANCIAL PERFORMANCE (TSE REPORT BASIS — CHINA JV EQUITY BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN) EXTERNAL / EXPENSE/ SALES VOLUME COST 1.6 +3.5 -232.2 -153.9 +37.3 +35.9 FY19 FOREX VOLUME & MIX *1/ SELLING MONOZUKURI / FY20 PARTS SALES / EXPENSE / FIXED COST *2 / 1Q
Slide 6: FY20 Sales Outlook
AGENDA FY20 1Q RESULTS FY20 OUTLOOK NISSAN NEXT 11 FY20 SALES OUTLOOK FY20 outlook based on assumption of no 2nd wave from COVID-19 pandemic TIV *1 RETAIL VOLUME M/S*2 5.75% 85.73 4,930 vs. FY19 vs. FY19 M/S*2 5.73% 72.04 GLOBAL -16.0% -16.3% 24.31 4,125 GLOBAL 1,547 22.41 CHINA -7.8% 5.04 1,475 CHI
Slide 7: FY20 Outlook
FY20 OUTLOOK (TSE REPORT BASIS — CHINA JV EQUITY BASIS) (BILLION YEN) FY19 FY20 VARIANCE CHANGE ACTUAL OUTLOOK vs. FY19 (%) RETAIL VOLUME (K. units) 4,930 4,125 -805 -16.3% RETAIL VOLUME (K. units) 3,383 2,650 -733 -21.7% excluding China NET REVENUE 9,878.9 7,800.0 -2,078.9 -21.0% OPERATING PROFIT -
Slide 8: Nissan NEXT Goals: FY20-23 Transformation Plan
AGENDA FY20 1Q RESULTS FY20 OUTLOOK NISSAN NEXT 15 NISSAN NEXT GOALS FY20-23 TRANSFORMATION PLAN STRATEGIC GOALS Ensure steady, profitable growth Capitalize on core competencies Enhance quality of business Ensure financial discipline Restore Nissan-ness 16
Slide 9: A New Roadmap for Sustainable Growth; Product Momentum
A NEW ROADMAP FOR SUSTAINABLE GROWTH Rationalize Prioritize & Focus Right-sizing Core Markets Production Capacity Japan, China, North America 20% reduction / utilization ratio >80% Streamlining product portfolio Core Products 20% reduction, product age < 4 years C/D/EV/Sports Fixed Cost reduction Co
Slide 10: New Chapter for Nissan
NEW CHAPTER FOR NISSAN 19 FY20-23 TRANSFORMATION PLAN 20
Slide 11: Appendix: Sales Financing
Appendix 21 (BILLION YEN) NET OPERATING TOTAL PENETRATION NET CREDIT REVENUE PROFIT ASSETS LOSS RATIO 298.5 10,367.7 263.9 63.0 9,234.6 56.4 48% 45% 1.04% 0.79% FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q FUNDING SOURCES AS OF JUNE 2020 • Strong profit and penetra
Slide 12: Sales Financing
SALES FINANCING PENETRATION (%) NFS NMAC NCF NRFM 100 90 80 70 60 37% 50 1% 40 33% 25% 3% 19% 30 6% 4% 48% 20 39% 39% 10 26% 28% 27% 27% 26% 0 FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q LEASE NFS: Nissan Financial Services, sales finance company in Japan RETAIL NMAC: Nissan Moto
Slide 13: Sales Financing; Headline Financial Results
SALES FINANCING OPERATING PROFIT & ASSET (NFS : billion yen, NMAC : million USD, NCF : million CAD, NRFM : million MXN) FY19 FY20 VARIANCE 1Q 1Q Asset: 1,434.2 Asset: 1,380.8 Asset: -53.4 NFS OP: 10.1 OP: 8.6 OP: -1.5 Asset: 59,979 Asset: 52,181 Asset: -7,798 NMAC OP: 228 OP: 273 OP: +45 Asset: 8,65
Slide 14: FY20 1st Quarter Financial Performance
FY20 1ST QUARTER FINANCIAL PERFORMANCE (TSE REPORT BASIS — CHINA JV EQUITY BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN) FOREIGN EXCHANGE VOLUME SELLING IMPACT /MIX EXPENSES +3.5 -175.7 +35.9 CAD -1.2 (82.2 ⇒ 77.7) JPN -22.3 VOL*1: -23.5 JPN +1.6 INCENTIVES: -0.1 MIX: -2.4 OTHERS: +1.7 USD
Slide 15: Inventory Status; Net Cash by Business Segment
(EXCLUDING CHINA JV) INVENTORY STATUS (THOUSAND UNITS) 1,000 830 810 830 800 800 580 600 400 200 0 2019 2020 2020 Jun. Sep. Dec. Mar. Jun. Dealer inventory, except some minor countries Consolidated Nissan inventory, except some minor countries 29 NET CASH BY BUSINESS SEGMENT (TSE REPORT BASIS — CHIN
Slide 16: Forward-looking statements
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