Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2014 Earnings Presentation
23 slides from Toyota Motor's earnings presentation, Feb 4, 2014
Slide 1: FY2014 Third Quarter Financial Results
FY2014 Third Quarter 1 Financial Results HARRIER Toyota Motor Corporation February 4, 2014
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 A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Unde
Slide 4: FY2014 Third Quarter Financial Results
FY2014 Third Quarter Financial Results
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales 5 FY2014 FY2014 FY2014 FY2014 3Q 3Q 99 months months (thousands of vehicles) (thousands of vehicles) 3,000 8,000 6,629 6,785 (+156) 2,317 (+204) 2,113 6,000 1,642 (-26) Japan 1,668 2,000 540 (+64) N. America 476 Europe 4,000 1,865 1,962 (+97) 664 (+60) Asia 604 Other 603 6
Slide 6: Consolidated Financial Summary (FY2014 Third Quarter)
Consolidated Financial Summary (FY2014 Third Quarter) 6 (billions of yen) FY2014 FY2013 3Q 3Q Change ('13/10-12) ('12/10-12) Net Revenues 6,585.0 5,318.7 1,266.2 23.8% Operating Income 600.5 124.7 475.7 381.3% Income before income taxes and equity in earnings of affiliated companies 678.9 131.2 547.
Slide 7: Analysis of Consolidated Net Income (FY2014 Third Quarter)
Analysis of Consolidated Net Income* (FY2014 Third Quarter) 7 (billions of yen) * Net Income attributable to Toyota Motor Corporation Net Income* (+425.5) Operating Income (+475.7) Excluding Valuation Gains/Losses from Interest Rate Swaps (+489.6) Effects of Cost Decrease in Marketing Other FOREX Re
Slide 8: Consolidated Financial Summary (FY2014 9 months)
Consolidated Financial Summary (FY2014 9 months) 8 (billions of yen) FY2014 FY2013 9 months 9 months Change ('13/4-12) ('12/4-12) Net Revenues 19,122.5 16,227.1 2,895.4 17.8% Operating Income 1,855.9 818.5 1,037.4 126.8% Income before income taxes and equity in earnings of affiliated companies 2,022
Slide 9: Analysis of Consolidated Net Income (FY2014 9 months)
Analysis of Consolidated Net Income* (FY2014 9 months) 9 (billions of yen) * Net Income attributable to Toyota Motor Corporation Net Income* (+877.9) Operating Income (+1,037.4) Excluding Valuation Gains/Losses from Interest Rate Swaps (+1,107.3) Effects of FOREX Rates +800.0 1,526.0 Non- Equity in
Slide 10: Geographic Operating Income (FY2014 Third Quarter)
Geographic Operating Income (FY2014 Third Quarter) 10 * N. America excludes Valuation Gains/Losses from Interest Rate Swaps (billions of yen) North America '12/10-12 '13/10-12 Change Operating Income Excluding Valuation Gains/Losses from Interest Rate Swaps -20.4 122.8 143.2 Valuation Gains/Losses f
Slide 11: Geographic Operating Income (FY2014 9 months)
Geographic Operating Income (FY2014 9 months) 11 (billions of yen) * N. America excludes Valuation Gains/Losses from Interest Rate Swaps North America '12/4-12 '13/4-12 Change Operating Income Excluding Valuation Gains/Losses from Interest Rate Swaps 134.1 308.4 174.3 Valuation Gains/Losses from Int
Slide 12: Financial Services Operating Income
Excluding Valuation Gains/Losses Financial Services Operating Income from Interest Rate Swaps 12 FY2014 FY2014 FY2014 FY2014 (billions of yen) 3Q 3Q (billions of yen) 99 months months 200 300 242.7 215.8 200 100 80.2 67.9 100 +12.2 +26.9 0 0 '12/10-12 '13/10-12 '12/4-12 '13/4-12 (billions of yen) (b
Slide 13: Equity in Earnings of Affiliated Companies
Equity in Earnings of Affiliated Companies 13 FY2014 FY2014 FY2014 FY2014 3Q 3Q 99 months months (billions of yen) (billions of yen) 248.0 100.0 89.2 250 200 182.0 58.1 150 50.0 100 +31.0 +66.0 50 0.0 0 '12/10-12 '13/10-12 '12/4-12 '13/4-12 Equity in earnings increased due to improved earnings of af
Slide 14: FY2014 Financial Forecasts
FY2014 Financial Forecasts TOYOTA
Slide 15: FY2014 Forecasts: Consolidated Vehicle Sales
FY2014 Forecasts: Consolidated Vehicle Sales 15 (thousands of vehicles) 10,000 9,100 9,100 (±0) 8,871 8,000 2,230 2,280 (+50) 2,279 Japan 6,000 N. America 2,630 2,600 (-30) 2,469 Europe 4,000 Asia 840 830 (-10) 799 Other Central and 1,640 1,640 (±0) 1,684 South America, 2,000 Oceania, Africa, The Mi
Slide 16: FY2014 Forecasts: Consolidated Financial Summary
FY2014 Forecasts: Consolidated Financial Summary 16 (billions of yen) New Forecasts Previous Forecasts FY2013 Results ('13/4-'14/3) ('13/4-'14/3) Change ('12/4-'13/3) Net Revenues 25,500.0 25,000.0 500.0 22,064.1 Operating Income 2,400.0 2,200.0 200.0 1,320.8 Income before income taxes and equity in
Slide 17: Analysis of FY2014 Forecasts: Consolidated Operating Income
Analysis of FY2014 Forecasts: Consolidated Operating Income (vs. Previous Forecasts) 17 (billions of yen) Operating Income FY2014 Previous Forecast('13/4-'14/3) 2,200.0 Effects of FOREX Rates +140.0 Cost Reduction Efforts +40.0 Positive/Negative Marketing Efforts +20.0 Factors Financial Services ±0
Slide 18: FY2014 Consolidated Forecasts: CAPEX, Depreciation, R&D
FY2014 Consolidated Forecasts: CAPEX, Depreciation, R&D 18 (billions of yen) New Forecasts Previous Forecasts FY2013 Results ('13/4-'14/3) ('13/4-'14/3) Change ('12/4-'13/3) Capital 950.0 940.0 10.0 852.7 Expenditures Depreciation 780.0 770.0 10.0 727.3 Expenses R&D 900.0 900.0 ±0 807.4 Expenses
Slide 19: FY2014 Third Quarter Financial Results
FY2014 Third Quarter 19 Financial Results YARIS (CHINA) Toyota Motor Corporation VIOS (CHINA) February 4, 2014
Slide 20: Unconsolidated Financial Summary (Japan GAAP, FY2014 Third Quarter)
(Reference) Unconsolidated Financial Summary (Japan GAAP, FY2014 Third Quarter) 20 (billions of yen) FY2014 FY2013 3Q 3Q Change ('13/10-12) ('12/10-12) Net Revenues 2,779.4 2,242.8 536.6 23.9% Operating Income 274.4 -46.2 320.7 - Ordinary Income 500.0 212.6 287.4 135.2% Net Income 437.8 200.8 237.0
Slide 21: Unconsolidated Financial Summary (Japan GAAP, FY2014 9 months)
(Reference) Unconsolidated Financial Summary (Japan GAAP, FY2014 9 months) 21 (billions of yen) FY2014 FY2013 9 months 9 months Change ('13/4-12) ('12/4-12) Net Revenues 8,189.0 7,122.0 1,067.0 15.0% Operating Income 921.3 21.5 899.8 - Ordinary Income 1,611.3 618.2 993.0 160.6% Net Income 1,293.4 51
Slide 22: Unconsolidated Financial Summary (Japan GAAP, FY2014 Forecasts)
(Reference) Unconsolidated Financial Summary (Japan GAAP, FY2014 Forecasts) 22 (billions of yen) New Forecasts Previous Forecasts Change ('13/4-'14/3) ('13/4-'14/3) Net Revenues 11,000.0 10,300.0 700.0 Operating Income 1,220.0 1,040.0 180.0 Ordinary Income 1,880.0 1,670.0 210.0 Net Income 1,500.0 1,
Slide 23: FY2014 Forecasts: Vehicle Production and Sales
(Reference) FY2014 Forecasts: Vehicle Production and Sales 23 (thousands of vehicles) New Forecasts Previous Forecasts Change ('13/4-'14/3) ('13/4-'14/3) T o Japan 3,400 3,350 50 y Vehicle o Production Overseas 5,650 5,700 -50 t a Total 9,050 9,050 0 1 1 1 & Japan* 1,600 * 1,550 * 50 Vehicle L Sales