Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q3 FY2011 Earnings Presentation
22 slides from Nissan Motor's earnings presentation, Feb 8, 2012
Slide 1: FY2011 third-quarter financial results
FY2011 third-quarter financial results Nissan Motor Co., Ltd. February 8, 2012 www.nissan-global.com Key performance indicators: financial results (billion yen) Net revenue Operating Net income Free cash flow Net debt profit (Auto) (Auto) 6,421.8 6,698.4 448.9 427.8 288.4 266.1 212.5 -42.9 173.0 -35
Slide 2: FY11 Business update: NISSAN POWER 88
FY11 Business update Mid-term plan “NISSAN POWER 88” POWER 8 Global market 8 Brand & sales power share by FY16 (%) Sustainable COP (%) (C) Copyright NISSAN MOTOR CO., LTD. 3 www.nissan-global.com 2012 All rights reserved. FY11 Business update Awarded car of the year in Japan (C) Copyright NISSAN MOT
Slide 3: Business update: Zero-emission leadership
FY11 Business update Zero-emission leadership Strong sales volume Comprehensive approach Cumulative Nissan LEAF sales e-NV200 concept Quick charger 22.1 19.7 (thousand units) 17.5 15.6 LEAF to home 5.1 FY10 Sep Oct Nov Dec 2011 (C) Copyright NISSAN MOTOR CO., LTD. 5 www.nissan-global.com 2012 All ri
Slide 4: China production capacity enhancement
FY11 Business update China production capacity enhancement Huadu #2 plant completion China production capacity (2 shifts) 1,200 (thousand units) 885 670 2009 2011 2012 2012 (C) Copyright NISSAN MOTOR CO., LTD. 7 www.nissan-global.com 2012 All rights reserved. FY11 Business update Brazil plant constr
Slide 5: Mexico new plant construction announcement
FY11 Business update Mexico new plant construction announcement Location : Aguascalientes Capacity : 175,000 units annually ( Phase Ⅰ) Start of production : Late 2013 Total capacity for Mexico to reach over 1 million units in the mid-term (C) Copyright NISSAN MOTOR CO., LTD. 9 www.nissan-globa
Slide 6: FY11 sales performance (9 months): Global
FY11 sales performance (9 months) FY11 financial performance (9 months) (C) Copyright NISSAN MOTOR CO., LTD. 11 www.nissan-global.com 2012 All rights reserved. FY11 sales performance (9 months): Global vs. FY10 vs. FY10 TIV* 3Q YTD Retail volume 3Q YTD 55.78 Global +3.9% 3,429 Global +13.6% 53.70 3,
Slide 7: Sales performance: Japan and China
FY11 sales performance (9 months): Japan TIV decreased 11.3% to 3.07 million Retail volume units -2.0% (thousand units) Despite a significant drop in TIV, sales in Japan decreased only 2% thanks to 438 429 Serena and Juke. As a result, Nissan achieved a 14% market share Nissan LEAF achieved 5.
Slide 8: Sales performance: North America and Europe
FY11 sales performance (9 months): North America TIV increased 7.5%* to 9.72 million units US Retail volume in the US +11.3%* Sales in US increased 11.3%* to 757 k (thousand units) units, thanks to Altima, Rogue and Versa 680 757 Nissan LEAF achieved 9.2 k unit sales in the US Canada: Sales
Slide 9: Sales performance: Other markets
FY11 sales performance (9 months): Other markets Sales in Latin America increased 33.4% to 160.2 k units. Sales in Brazil increased 90.2% to 53.8 k units Retail volume Sales in Thailand increased 9.4% to (thousand units) 49.1 k units +14.2% Sales in Indonesia increased 54.5% to 154 508 581 44.
Slide 10: FY11 financial performance (9 months)
FY11 financial performance (9 months) FY10 FY11 Change (billion yen) Variance vs. FY10 (%) 3Q YTD 3Q YTD Net revenue 6,421.8 6,698.4 +276.6 +4.3% Operating profit 448.9 427.8 -21.1 -4.7% OP margin 7.0% 6.4% Non-operating 7.3 -11.0 Ordinary profit 456.2 416.8 -39.4 -8.6% Extraordinary -7.7 -21.0 Prof
Slide 11: Free cash flow (Auto business)
FY11 financial performance (9 months) Free cash flow (Auto business) (billion yen) +258.9 +548.1 417.6 -272.9 -116.5 +5.2 173.0 -223.2 -26.6 Net cash AP / AR Inventory Tax / other Cash flow CAPEX* Net asset Other Free cash inflow from operating from sales investing flow P&L items activities operatin
Slide 12: Net debt (Auto business)
Net debt (Auto business) (billion yen) 400 207.1 200 -357.2 bil JPY → -446.0 bil JPY* *Based on FX rates as of 3/31/2011 : USD : 83.2 29.7 22.8 EUR : 117.6 0 -69.3 -42.9 -200 -293.3 -314.8 -320.4 -357.2 -400 2009 2010 2011 Dec Mar Jun Sep Dec Mar Jun Sep Dec FX: JPY/USD End of month 92.1 93.0 88.5 8
Slide 13: Appendix
(C) Copyright NISSAN MOTOR CO., LTD. 25 www.nissan-global.com 2012 All rights reserved. Appendix (C) Copyright NISSAN MOTOR CO., LTD. 26 www.nissan-global.com 2012 All rights reserved.
Slide 14: Sales financing: Funding sources
Sales financing : Funding sources (As of December 2011) Equity 10.1% Group Finance ABS Off B/S (Inter-Company) 3.6% 25.3% Commercial ABS On B/S paper 18.9% 2.5% S/T Loan 3.3% Bonds 7.5% L/T Loan Total funding amount 28.8% 4,051 billion yen (C) Copyright NISSAN MOTOR CO., LTD. 27 www.nissan-global.co
Slide 15: Sales financing: net credit loss ratio
Sales financing: net credit loss ratio FY10 FY11 3Q YTD 3Q YTD Variance Lease: 0.06% Lease: 0.06% Lease: 0.00% NFS Retail: 0.27% Retail: 0.26% Retail: -0.01% Lease: 0.39% Lease: 0.11% Lease: -0.28% NMAC Retail: 1.06% Retail: 0.68% Retail: -0.38% Lease: 0.23% Lease: 0.18% Lease: -0.05% NCF Retail: 0.
Slide 16: Operating profit variance analysis (9 months)
FY11 financial performance (9 months) Operating profit variance analysis (billion yen) 1. Foreign exchange impact -150.1 USD -119.5 (86.8 to 79.0) RUB -15.0 (2.85 to 2.70) CAD -6.9 (84.5 to 79.9) EUR* +0.4 AUD +2.2 (80.1 to 82.3) Others -11.3 * including other European currencies (excluding RUB) 2.
Slide 17: Third-quarter financial performance (3 months)
FY11 third-quarter financial performance (3 months) Change (billion yen) FY10 3Q FY11 3Q Variance vs. FY10 (%) Net revenue 2,102.8 2,331.0 +228.2 +10.9% Operating profit 114.0 118.1 +4.1 +3.6% OP margin 5.4% 5.1% Non-operating 27.1 3.4 Ordinary profit 141.1 121.5 -19.6 -13.9% Extraordinary -8.0 -2.4
Slide 18: Third-quarter operating profit variance analysis
FY11 third-quarter financial performance (3 months) Operating profit variance analysis (billion yen) 1. Foreign exchange impact -44.4 USD -28.8 (82.7 to 77.4) RUB -8.1 (2.70 to 2.49) CAD -3.2 (81.6 to 75.6) EUR* +0.5 AUD -1.5 (81.6 to 78.4) Others -3.3 * including other European currencies (excludin
Slide 19: Extraordinary gains/losses and non-operating items
FY11 financial performance (9 months) Detail of extraordinary gains/losses (billion yen) FY10 FY11 3Q YTD 3Q YTD Variance • Sale/disposal of fixed assets 3.7 -2.7 -6.4 • Sale of investment securities 2.2 10.6 +8.4 • Impairment loss on fixed assets -5.4 -9.4 -4.0 • Loss on disaster 0.0 -27.1 -27.1 •
Slide 20: Third-quarter extraordinary items and free cash flow
FY11 third-quarter financial performance (3 months) Detail of extraordinary gains/losses (billion yen) FY10 FY11 3Q 3Q Variance • Sale/disposal of fixed assets -2.6 -0.6 +2.0 • Sale of investment securities 0.3 0.1 -0.2 • Impairment loss on fixed assets -3.6 -3.1 +0.5 • Others -2.1 1.2 +3.3 (C) Copy
Slide 21: Free cash flow variance (Auto business)
FY11 financial performance (9 months) (billion yen) Free cash flow (Auto business) variance FY10 FY11 Variance 3Q YTD 3Q YTD Net cash inflow from P&L items 645.1 548.1 -97.0 AP/AR 116.4 258.9 +142.5 Inventory -322.0 -272.9 +49.1 Tax/Others -143.0 -116.5 +26.5 Operating activities 296.5 417.6 +121.1
Slide 22: Third-quarter retail sales: other markets
FY11 third-quarter retail sales (3 months) FY11 3Q FY10 3Q Detail of other markets 120 90 83.1 (thousand units) 70.9 61.8 60 39.7 48.1 43.6 27.5 30 22.5 0 Asia & M.East Africa Latin Oceania America *Scope change between M.East and Africa (C) Copyright NISSAN MOTOR CO., LTD. 43 www.nissan-global.com