Toyota Motor Corp. · TSE:7203
Toyota Motor — Q1 FY2008 Earnings Presentation
24 slides from Toyota Motor's earnings presentation, Aug 3, 2007
Slide 1: FY2008 First Quarter Financial Results
FY2008 First Quarter Financial Results Three months ended June 30, 2007 -prepared in accordance with U.S.GAAP- Toyota Motor Corporation August 3, 2007
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: Takahiko Ijichi, Managing Officer
Takahiko Ijichi Managing Officer
Slide 5: FY2008 First Quarter Financial Results
FY2008 First Quarter 【Financial Results】
Slide 6: Consolidated Vehicle Sales
Consolidated Vehicle Sales 6 （thousands of vehicles） 2,091 2,162 (+ 71) 2,000 300 345 (+ 45) 193 222 (+ 29) 308 333 (+ 25) Other 1,000 747 762 (+ 15) Asia Europe N. America 543 500 （-43） Japan 0 '06/4-6 '07/4-6 Change 〔2,208〕 〔2,365〕 〔+ 157〕 -Figures in square brackets show total retail vehicle sale
Slide 7: Consolidated Financial Summary
Consolidated Financial Summary 7 (billions of yen) FY2008 Q1 FY2007 Q1 Change （’07/4-6） （’06/4-6） Net Revenues 6,522.6 5,638.1 884.5 15.7% Operating Income 675.4 512.4 163.0 31.8% Income before income taxes, minority interest and equity earnings of affiliated companies 739.0 554.6 184.4 33.2% Net In
Slide 8: Contributing Factors to Consolidated Operating Income
Contributing Factors to Consolidated Operating Income 8 (billions of yen) Effect of favorable Cost Reduction Efforts FOREX rates + 20.0 675.4 700 + 100.0 (+ 163.0) 650 600 Increases in Expenses - 57.0 550 512.4 500 Marketing Efforts + 100.0 450 400 '06/4-6 '07/4-6 < Details of Increases in Expenses
Slide 9: Geographic Operating Income: Japan
Geographic Operating Income:Japan 9 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 543 659 FY07/3 FY08/3 541 500 530 600 400 396.6 391.4 383.5 389.3 293.0 200 + 103.6 billion yen 0 '06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3 -Increase in exports mainly contributed to increase i
Slide 10: Geographic Operating Income: North America
Geographic Operating Income:North America 10 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 762 FY08/3 FY07/3 764 200 747 160.2 717 714 150 140.1 110.4 100 99.1 100.0 50 + 20.1 billion yen 0 '06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3 -Strong sales of fuel efficient vehicles an
Slide 11: Geographic Operating Income: Europe
Geographic Operating Income: Europe 11 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 333 FY08/3 FY07/3 329 50 308 306 281 40 36.5 38.5 36.5 34.8 30 29.5 20 + 2.0 billion yen 10 0 '06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3 -Continued to increase profit, mainly due to the stron
Slide 12: Geographic Operating Income: Asia
Geographic Operating Income: Asia 12 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 222 FY08/3 FY07/3 193 189 204 203 60 49.6 40 30.0 31.3 28.1 28.2 20 + 19.6 billion yen 0 '06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3 -Sales recovery, mainly in Indonesia. -Contribution to the in
Slide 13: Geographic Operating Income: Other
Geographic Operating Income: Other 13 <Consolidated Vehicle Sales (thousands of vehicles)> (billions of yen) 345 FY08/3 FY07/3 337 340 319 300 60 40 38.6 31.0 20 20.2 15.9 16.4 + 22.7 billion yen 0 '06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3 -Favorable sales in all regions contributed to increased pro
Slide 14: Business Segment: Financial Services
Business Segment: Financial Services 14 <Operating Income> (billions of yen) 50 47.7 48.3 41.3 40 37.3 32.2 30 20 + 0.6 billion yen 10 0 '06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3 -Profit increased due to the steady increase in the outstanding loan balance. -Valuation loss on interest swap rates = -
Slide 15: Equity Earnings of Affiliated Companies
Equity Earnings of Affiliated Companies 15 (billions of yen) 81.8 80 66.1 60 56.2 54.0 40 33.2 20 + 25.6 billion yen 0 '06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3 China(included above ) (4.5) (14.7) (- 1.1) (6.5) (14.2) - Strong performance led by Toyota Group companies in Japan and Chinese joint vent
Slide 16: Unconsolidated Financial Summary (Japan GAAP)
Unconsolidated Financial Summary (Japan GAAP) 16 (billions of yen) FY2008 Q1 FY2007 Q1 Change （’07/4-6） （’06/4-6） Net Revenues 2,908.8 2,698.5 210.3 7.8% Operating Income 324.6 246.5 78.1 31.7% Ordinary Income 511.0 399.9 111.1 27.8% Net Income 361.5 277.6 83.9 30.2%
Slide 17: Contributing Factors to Unconsolidated Operating Income
Contributing Factors to Unconsolidated Operating Income 17 Cost Reduction Efforts (billions of yen) Marketing Efforts + 10.0 350 324.6 + 40.0 (+ 78.1) Increases in Expenses 300 - 71.9 246.5 250 Effect of favorable 200 FOREX rates + 100.0 150 '06/4-6 '07/4-6 <Details of Increases in Expenses> R&D Exp
Slide 18: Prospects for FY2008
FY2008 First Quarter 【Prospects for FY2008】
Slide 19: Consolidated Prospects: Vehicle Sales
Consolidated Prospects: Vehicle Sales 19 (thousands of vehicles) 8,890 (+ 366) 8,524 8,000 1,420 (+ 124) 1,296 7,000 789 890 (+ 101) 6,000 1,224 1,270 (+ 46) 5,000 4,000 Other 2,942 2,990 (+ 48) Asia 3,000 Europe 2,000 N.America 1,000 2,273 2,320 (+ 47) Japan 0 '06/4-'07/3 '07/4-'08/3 【FY2007 Result
Slide 20: FY2008 Consolidated Prospects
FY2008 Consolidated Prospects 20 (billions of yen) FY2008 FY2007 Change (’07/4-’08/3) (’06/4-’07/3) Net Revenues 25,000.0 23,948.0 1,052.0 4.4% Operating Income 2,250.0 2,238.6 11.4 0.5% Income before income taxes, minority interest and equity earnings of affiliated companies 2,400.0 2,382.5 17.5 0.
Slide 21: FY2008 Consolidated Prospects: CAPEX, Depreciation, R&D
FY2008 Consolidated Prospects :CAPEX, Depreciation, R&D 21 (billions of yen) Capital Depreciation R&D Expenses Expenditure Expenses Consolidated 1,500.0 (+ 17.4) 1,020.0 (+ 73.0) 940.0 (+ 49.3) Japan 800.0 (- 15.3) 630.0 (+ 37.5) N. America 400.0 (+ 80.7) 190.0 (+ 24.7) Europe 110.0 (- 9.7) 90.0 (+
Slide 22: FY2008 Unconsolidated Prospects
FY2008 Unconsolidated Prospects 22 (billions of yen) FY2008 FY2007 Change (’07/4-’08/3) (’06/4-’07/3) Net Revenues 11,700.0 11,571.8 128.2 1.1% Operating Income 1,100.0 1,150.9 - 50.9 - 4.4% Ordinary Income 1,590.0 1,555.1 34.9 2.2% Net Income 1,130.0 1,060.1 69.9 6.6%
Slide 23: FY2008 Toyota's Operations Prospects
FY2008 Toyota’s Operations Prospects 23 FY2008 FY2007 (’07/4-’08/3) (’06/4-’07/3) (thousands of vehicles) (thousands of vehicles) Automotive Japan 4,280 4,185 Production Overseas 4,380 3,939 Total 8,660 8,124 Sales (Japan) 1,720 1,659 Exports 2,590 2,597 Sales (Overseas) 6,900 6,443 Housing Sales 5,
Slide 24: FY2008 First Quarter Financial Results
FY2008 First Quarter Financial Results Three months ended June 30, 2007 - prepared in accordance with U.S.GAAP - Toyota Motor Corporation August 3, 2007