Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 FY2009 Earnings Presentation
11 slides from Nissan Motor's earnings presentation, Jul 29, 2009
Slide 1: FY 2009 first-quarter financial results
FY 2009 first-quarter financial results July 29, 2009 Nissan Motor Co., Ltd. FY09 first-quarter financial results Key performance indicators – Financial results (billion yen) Net revenue Free cash flow Operating profit Net income (Auto) 79.9 2.347.3 -35.5% -85.5% 52.8 -19.5 11.6 1,514.8 -16.5 -392.7
Slide 2: Sales performance: Global
FY09 1st quarter performance Recovery plan progress FY09 outlook 2 FY09 first-quarter financial results Sales performance: Global TIV* Retail volume 18.07 Change vs. 936 All FY08 1Q 15.12 regions -16.3% Change vs. All FY08 1Q 0.96 Japan -18.5% 723 regions -22.8% North 3.20 America -30.4% 116 Japan -
Slide 3: FY09 1st quarter all-new product launches; Sales performance: Japan
FY09 1st quarter all-new product launches Europe Japan North America PIXO NV200 Vanette G37 Convertible cube Other markets Teana 370Z All-new global launches Regional launches 4 FY09 first-quarter financial results Sales performance: Japan Retail volume TIV decreased 18.5% to 958 k units (thousand
Slide 4: Sales performance: North America; Europe
Sales performance: North America US retail volume TIV decreased 32.1%* to 2.6 million units (thousand units) in US -31.5%* US market share stable at 6.6% 253 cube and G37 Convertible launched 173 Canada: Sales down 10.9% to 22.9 k units, market share improved 0.3% to 5.2% FY08 FY09 1Q 1Q M
Slide 5: Sales performance: China; Other markets
Sales performance: China (Jan. to March) Retail volume TIV increased 7.4% to 2.5 million units (thousand units) 132 +9.3% 145 Sales of DFL-PV increased 28.9% to 95.8 k units Nissan 81 100 + Infiniti A cut in preferential vehicle purchase tax for below 1.6 L models boosted sales of 51 45 DFL Ti
Slide 6: FY09 1st quarter financial performance
FY09 1st quarter financial performance FY08 FY09 Variance (billion yen) 1Q 1Q Net revenue 2,347.3 1,514.8 -832.5 Operating profit 79.9 11.6 -68.3 Non-operating 2.6 -37.7 Ordinary profit 82.5 -26.1 -108.6 Extraordinary -7.2 -2.5 Profit before tax 75.3 -28.6 -103.9 Taxes -20.0 7.8 Minority interest -2
Slide 7: Recovery plan score card
FY09 1st quarter performance Recovery plan progress FY09 outlook 12 FY09 first-quarter financial results Recovery plan score card Progress of recovery-related activities are monitored every month at Recovery Committee Global TIV Sales volume / Market share Operating profit Free cash flow R
Slide 8: Tighter inventory management; Quick and extensive measures in FY09
Tighter inventory management Inventory volume remains at low level while production volume increased by 19% vs. FY08 4Q Inventory volume (new vehicles) 800 700 -26% 670 670 600 630 (thousand units) 500 470 400 440 300 200 100 0 Mar Jun Dec Mar Jun 2008 2009 Dealer inventory, except some minor countr
Slide 9: FY09 risks and opportunities
FY09 1st quarter performance Recovery plan progress FY09 outlook 16 FY09 first-quarter financial results FY09 risks and opportunities Risks Opportunities Foreign exchange China Raw material price Synergies with Renault rebound Distressed suppliers Further deterioration of TIV 17 FY09 fir
Slide 10: FY09 outlook (No change); Global entry car launch
FY09 outlook (No change) (billion yen) (A) (B) (B)-(A) FY08 FY09 * Variance Operating profit -137.9 -100.0 +37.9 Net income -233.7 -170.0 +63.7 Free cash flow (Auto) -251.7 POSITIVE FX rate 100.7 JPY/USD 95 JPY/USD assumption 144.1 JPY/EUR 125 JPY/EUR 18 * Forecast FY09 first-quarter financial resul
Slide 11: Zero-emission leadership
Zero-emission leadership Moving forward with mass-market zero-emission mobility AESC at Zama began trial production of lithium-ion batteries Vehicle production in Oppama plant (Japan) begins in fall of 2010, starting from 50k/year and ramping up Funding approved for Smyrna plant (US) to have a