TOYOTA CAETANO PORTUGAL, S.A.
JUNE 2024
INDEX:
- GENERAL
- SINGLE MANAGEMENT REPORT
- CONSOLIDATED ACCOUNTS
- OTHER INFORMATION
GENERAL
GOVERNING BODIES
SHAREHOLDERS´ GENERAL MEETING
President: Jorge Manuel Coutinho Franco da Quinta
Secretary: António José da Cruz Espinheira Rio
BOARD OF DIRECTORS
President: José Reis da Silva Ramos
Member: Maria Angelina Martins Caetano Ramos
Member: Miguel Pedro Caetano Ramos
Member: Gisela Maria Falcão Sousa Pires Passos
Member: Tom Fux
Member: Kazunori Takagi
Substitute: Florian Patrice Gregory Aragon
FISCAL BOARD
President: Maria da Conceição Monteiro da Silva
Member: José Domingos da Silva Fernandes
Member: Daniel Broekhuizen
Substitute: Francelim Costa da Silva Graça
Substitute: Tomokazu Takeda
STATUTORY AUDITOR
Effective: Deloitte & Associados, SROC S.A.
Substitute: João Carlos Henriques Gomes Ferreira
NOMINATIONS, EVALUATIONS AND REMUNERATION COMMITTEE
President: João António Ferreira de Araújo Sequeira
Member: Rui Manuel Machado de Noronha Mendes
Member: Jorge Manuel Cerqueira Magalhães
SINGLE
MANAGEMENT
REPORT
INDEX
- INTRODUCTION
- MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS
- KEY GROUP INDICATORS
- THE BUSINESS MODEL
- THE COMPANIES OF THE TOYOTA CAETANO GROUP: PRESENTATION, STRATEGY AND PERFORMANCE
- THE MACROECONOMIC CONTEXT AND PERFORMANCE OF THE TOYOTA CAETANO GROUP
- OTHER INFORMATION
- STATEMENT
- SUBSEQUENT EVENTS
- INFORMATION ON THE PARTICIPATION OF MANAGEMENT AND SUPERVISORY BODIES
OF TOYOTA CAETANO PORTUGAL, SA
- FORMULAS
INTRODUCTION
In accordance with the provisions of paragraph 1 of article 29º-J of the Securities Code ("Código dos Valores Mobiliários"), the Interim Management Report presented below was prepared. For each of the Companies that are part of the consolidation perimeter of Toyota Caetano Portugal, S.A. ("TCAP"), an indication of the main events that occurred in the year and their respective impact on the financial statements will be presented.
At the same time and albeit in a synthetic way, the main expectations for the second half of the current year are also presented.
MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS
The first half of 2024 was marked by significant advances and remarkable achievements for our company. With a continuous focus on innovation, sustainability and operational excellence, we inspire confidence in all our partners, customers and community, propelling us to new achievements and ambitions.
We continue to invest in electric and sustainable mobility. We delivered 260 units of the Toyota electric APM, a project that began at Toyota Motor Europe and whose development and production were entrusted to the Toyota Caetano Portugal manufacturing unit in Ovar, with an investment of approximately 14.5 million euros, a milestone that underlines our commitment to accessibility and clean technology at the Paris 2024 Olympic and Paralympic Games. This achievement reinforces our determination to create a more inclusive future.
At CaetanoBus, we continued to lead in the European hydrogen bus market, in a close technological partnership with Toyota. We delivered sustainable solutions for the Paris 2024 Olympic and Paralympic Games, while strengthening our national presence with the delivery of 30 battery-electric buses to Carris. These initiatives mark our position as a reliable partner for urban mobility.
In the Industrial Equipment Division, despite a slowdown in demand in the 1st half of 2024, and despite the market circumstances, we continue to be able to overcome the challenges and exceed the turnover targets. These results are reflected in our market share that determines our continued leadership in the sector, which makes us very proud and keeps us as a reference brand.
In partnership with KINTO, we have expanded the ecological fleet of CTT - Correios de Portugal, S.A. with 418 full electric Toyota vehicles, promoting decarbonization and defining new mobility standards in Portugal. This semester was another moment of affirmation of our joint goals with KINTO: to be a one-stop shop for mobility services, becoming a reference for all types of customers.
We are aligned with the priorities for the development of clean mobility and operate in a business that not only prospers economically, but also contributes to a fair, balanced and responsible future. Through the "Being Sustainable" Program, we help people move for a better tomorrow, with a close eye on People, Planet and Sustainable Mobility Business. This program is one of the fundamental pillars of Toyota's strategy across our operations. From
optimizing industrial processes, efficiently managing resources, using renewable energies and converting our facilities so that they can produce electricity for self-consumption, to electrifying our vehicles and raising awareness of the preservation of the planet among our employees and community, we are committed to minimizing our environmental impact throughout the value chain and maximizing the benefits for society.
We continue with the "One Toyota, One Tree" initiative, celebrating 19 years of commitment to environmental preservation. With more than 210,000 trees planted in mainland Portugal and islands, this project exemplifies our commitment to revitalize areas affected by forest fires and promote biodiversity. In addition, we lead with sustainable mobility solutions, including hybrid, electric and fuel cell technologies, accelerating the path to carbon neutrality.
We want to address global challenges by working collaboratively with Toyota Motor Corporation and Toyota Motor Europe to be a benchmark for our customers, partners and community to achieve lasting positive impact together. This commitment not only reflects our past and present, but also our vision for a sustainable and prosperous future.
As we move into the second half of 2024, we are ready for the challenges that may arise. We maintain a strong brand, a structured organization and cohesive teams, ready to overcome any obstacle with determination and innovation while continuing to lead by example.
Together, we go further.
José Ramos
President & CEO Toyota Caetano Portugal