Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 FY2016 Earnings Presentation
32 slides from Toyota Motor's earnings presentation, Nov 5, 2015
Slide 1: FY2016 Second Quarter Financial Results
FY2016 Second Quarter Financial Results All-new Prius (U.S.model) Toyota Motor Corporation November 5, 2015
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements 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 f
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading 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 To
Slide 4: FY2016 Second Quarter Financial Results
FY2016 Second Quarter Financial Results FY2016 Second Quarter Financial Performance (FY2016 First Half) FY2016 Financial Forecasts ４
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) FY2016 1H FY2016 2Q 5,000 3,000 4,477 4,278 (-199) 4,000 1,030 2,235 2,164 (-71) Japan 984 (-46) N. America 2,000 524 514 (-10) 3,000 Europe 1,395 1,413 (+18) Asia 685 684 (-1) 2,000 Other 414 407 (-7) 1,000 207 Central and 201 (-6) 755 654 (-101) S
Slide 6: Consolidated Financial Summary (FY2016 First Half)
Consolidated Financial Summary (FY2016 First Half) (billions of yen) FY2015 1H FY2016 1H Change (’14/4-9) (’15/4-9) Net Revenues 12,945.5 14,091.4 +1,145.8 +8.9% Operating Income 1,351.9 1,583.4 +231.4 +17.1% Operating margin 10.4% 11.2% - - Income before income taxes and equity in earnings of affil
Slide 7: Analysis of Consolidated Operating Income (FY2016 First Half)
Analysis of Consolidated Operating Income (FY2016 First Half) (billions of yen) -60.0 +140.0 Effects of Marketing -170.0 1,583.4 Cost Activities *2 -35.5 Reduction +51.9 Efforts Increase in +305.0 Expenses, Valuation Other *4 etc. *3 Gains/Losses 1,351.9 from Interest Rate Swaps, Effects of etc. FOR
Slide 8: Consolidated Financial Summary (FY2016 Second Quarter)
Consolidated Financial Summary (FY2016 Second Quarter) (billions of yen) FY2015 2Q FY2016 2Q Change (’14/7-9) (’15/7-9) Net Revenues 6,554.9 7,103.8 +548.9 +8.4% Operating Income 659.2 827.4 +168.1 +25.5% Operating margin 10.1% 11.6% - - Income before income taxes and equity in earnings of affiliate
Slide 9: Analysis of Consolidated Operating Income (FY2016 Second Quarter)
Analysis of Consolidated Operating Income (FY2016 Second Quarter) (billions of yen) -30.0 +80.0 Effects of 827.4 Marketing -75.0 +7.2 +25.9 Cost Activities *2 Reduction Increase in Valuation Other *4 Efforts Expenses, Gains/Losses +160.0 etc. *3 from Interest Rate Swaps, 659.2 etc. Effects of FOREX
Slide 10: Geographic Operating Income: Japan
Geographic Operating Income：Japan Operating Income (billions of yen) Consolidated Vehicle Sales (thousands of vehicles) FY2016 First Half ● Increased as a result of FY2016 1H FY2016 2Q favourable foreign exchange rates and cost reduction efforts. 1,030 984 (-46) 524 514 (-10) 958.2 718.7 482.3 352.8
Slide 11: Geographic Operating Income: North America
Geographic Operating Income：North America Operating Income (billions of yen) Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. ● Consolidated Vehicle Sales (thousands of vehicles) FY2016 First Half Decreased mainly due to the FY2016 1H FY2016 2Q impact of foreign exchange rates and an
Slide 12: Geographic Operating Income: Europe
Geographic Operating Income：Europe Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) FY2016 First Half Decreased mainly as a result of FY2016 1H FY2016 2Q fewer vehicle sales. 414 407 (-7) 207 201 (-6) 33.2 30.2 22.3 22.3 -2.9 ±0 FY2015 1H FY2016 1H FY2015 2Q FY
Slide 13: Geographic Operating Income: Asia
Geographic Operating Income：Asia Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) FY2016 First Half Increased mainly due to cost FY2016 1H FY2016 2Q reduction efforts and favourable exchange rates. 755 654 (-101) 369 325 (-44) 144.0 244.1 212.9 102.5 +31.2 +41.
Slide 14: Geographic Operating Income: Central & South America, Oceania, Africa and Middle East
Central & South America, Geographic Operating Income : Oceania, Africa and The Middle East Operating Income (billions of yen) ● Consolidated Vehicle Sales (thousands of vehicles) FY2016 First Half Decreased primarily due to the FY2016 1H FY2016 2Q impact of foreign exchange rates and increased expen
Slide 15: Financial Services Operating Income
Financial Services Operating Income (billions of yen) FY2016 1H FY2016 2Q 163.2 180.0 81.1 83.2 FY2015 1H FY2016 1H Change FY2015 2Q FY2016 2Q Change Operating Income 184.5 165.8 -18.6 86.3 95.6 +9.3 Valuation Gains/Losses from Interest Rate Swaps, etc. 21.2 -14.2 -35.5 5.1 12.4 +7.2 Operating Incom
Slide 16: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies (billions of yen) FY2016 1H FY2016 2Q 200 2,000 100 1,000 165.8 161.6 (-4.2) 150 1,500 60.5 60.7 (+0.1) Japan 101.1 105.2 (+4.0) China 100 1,000 50 500 24.5 (-7.8) 32.4 Other 50 500 27.1 (+6.1) 49.0 39.5 (-9.4) 21.0 15.6 16.8 (+1.1) 7.0 8.9 (+1.9) 0 0 ’14/4
Slide 17: Shareholder Return
Shareholder Return Interim Dividend ： 100 yen per common share (Total Amount of Payout：311.3 billion yen, Payout Ratio 25.0%) Repurchase (max) ： 150.0 billion yen 23 million shares Dividend per Share Net Income (yen) 1株当たり配当金と当期純利益の推移 Dividend per share and Net Income (billions of yen) 250 250 Net I
Slide 18: Shareholder Return
Shareholder Return Improving the balance between the Interim and the Year-End dividends Improving flexibility through a resolution to repurchase shares in interim period ＜Resolved matters＞ FY2015 FY2016 (plan) Interim Dividend 75 yen per share 100 yen per share Interim Payout Ratio 21.1% 25.0% Perio
Slide 19: Shareholder Return
Shareholder Return ＜Repurchase schedule＞ 1. Resolved at the Meeting of the Board of Directors on May 8, 2015 Period Total number of shares Total purchase price from November 16, 2015 40 million shares 300 billion yen to January 29, 2016 (max) (max) 2. Resolved at today’s(November 5, 2015) Meeting of
Slide 20: Shareholder Return
Shareholder Return Cancellation of shares of treasury stock ： 80 million shares (The cancellation is expected to take place on November 30, 2015.) (billions of shares) Balance of shares of treasury stock Repurchase for +0.06 the purpose of -0.08 shareholder return 0.38 +0.05 Cancellation 0.30 0.27 R
Slide 21: FY2016 Second Quarter Financial Results
FY2016 Second Quarter Financial Results FY2016 Second Quarter Financial Performance (FY2016 First Half) FY2016 Financial Forecasts 21
Slide 22: FY2016 Forecasts: Consolidated Vehicle Sales
FY2016 Forecasts: Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,950 8,750 (-200) 8,972 8,000 2,154 Japan 2,170 2,120 (-50) N. America Europe 6,000 2,715 Asia 2,850 2,850 (±0) Other 4,000 Central and 840 859 South America, 840 (±0) Oceania, 1,489 Africa, 1,420 1,320 (-100) The Middle Ea
Slide 23: FY2016 Forecasts: Consolidated Financial Summary
FY2016 Forecasts: Consolidated Financial Summary (billions of yen) Previous Forecasts New Forecasts FY2015 Results (’15/4-’16/3) (’15/4-’16/3) Change (’14/4-’15/3) Net Revenues 27,800.0 27,500.0 -300.0 27,234.5 Operating Income 2,800.0 2,800.0 ±0 2,750.5 Operating margin 10.1% 10.2% - 10.1% Income b
Slide 24: Analysis of FY2016 Forecasts: Consolidated Operating Income
Analysis of FY2016 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) (billions of yen) +45.0 -65.0 ±0 Cost +65.0 Reduction Volume/ Other 2,800.0 Efforts -45.0 2,800.0 Model Mix Marketing Effects of Efforts Increase in FOREX Rates Expenses, etc. Effects of Marketing Activities -65.0 P
Slide 25: TOYOTA
TOYOTA
Slide 26: Toyota Environmental Challenge 2050
◇ Toyota Environmental Challenge 2050 26
Slide 27: Development of Automated Driving
◇ Development of Automated Driving Safety Efficiency Freedom Reducing congestion Driving Intelligence Connected Intelligence Interactive Intelligence 27
Slide 28: Artificial Intelligence Research
◇ Artificial Intelligence Research <Press release of September 4, 2015> • Establishment of a collaborative research centers with MIT and Stanford • Total investment of USD $50 million to accelerate AI research • AI industry expert Dr. Gill A. Pratt invited to reinforce research into artificial intel
Slide 29: FY2016 Consolidated Forecasts: R&D, CAPEX, Depreciation
FY2016 Consolidated Forecasts: R&D, CAPEX, Depreciation (billions of yen) R&D Expenses Capital Expenditures 880.0 ● Depreciation Expenses 806.2 1,200 12,000 775.9 732.9 727.3 1,100 11,000 1,000 10,000 900 9,000 1,060.0 1,177.4 1,210.0 800 8,000 1,004.5 910.5 1,000.7 700 7,000 807.4 852.7 779.8 706.7
Slide 30: FY2016 Second Quarter Financial Results
FY2016 Second Quarter Financial Results LEXUS RX Toyota Motor Corporation November 5, 2015
Slide 31: (Reference) FY2016 Forecasts: Vehicle Production and Retail Sales
(Reference) FY2016 Forecasts: Vehicle Production and Retail Sales (thousands of vehicles) Previous Forecasts New Forecasts Change (’15/4-’16/3) (’15/4-’16/3) T Japan 3,250 3,250 ±0 o Vehicle 1 y Production* Overseas 5,850 5,750 -100 o t a Total 9,100 9,000 -100 & Japan 1,450 1,500 +50 Vehicle 2 L Re
Slide 32: (Reference) Definitions of Consolidated and Retail Vehicle Sales
(Reference) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Consolidated Vehicle Sales Distributors or Dealers outside consolidation Total Retail Vehicle Sales Customers Toyota- and Lexus- brand vehicles Toyota and Lexus Vehicle Sales P5,22 Number of vehicles