Nissan Motor Ltd S/Adr (NSANY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Nissan Financial Results for the first quarter of fiscal year 2025 Investors and Analyst Session. This is Julian Krell speaking, Head of Investor Relations, and thank you very much for your time this evening. The presentation material can be found on the Nissan IR website. Please be informed of the disclaimer included on the last page of the document and read it carefully as always. Thank you. For today's quarterly financial results presentation, I am joined by Ivan Espinosa, President and CEO, and Jeremy Papin, CFO. Ivan will start the presentation with a re-Nissan update, which will be followed by Q1 financials and latest outlook presented by Jeremy. The session will conclude with a Q&A session. So, Ivan, thank you very much for your time, and over to you. Thank you. Thank you, Julian, and good evening, everyone. I hope all you are safe in light of the tsunami warning and the I'm hoping that you can take all necessary precautions and stay close to your family. Eleven weeks ago, I announced the Renison Plan and outlined the scale of our recovery efforts. Since then, we have made very meaningful progress and we have a clear understanding of the work ahead and have mobilized teams across the organization to execute the plan with discipline and also with urgency. Our financial results for FY25, especially H1, reflect the magnitude of the challenge that we are facing, but they also reinforce why the re-Nissan transformation is so critical and why our disciplined approach has to continue. Now let me begin by recapping the plan and detailing the actions that we have taken so far. As a reminder, the focus of re-Nissan is to restore auto profitability and achieve positive free cash flow by fiscal year 2026. This is not the final goal. This is the foundation f...