Nissan Motor Co., Ltd. · TSE:7201

Nissan Motor — H1 FY2009 Earnings Presentation

22 slides from Nissan Motor's earnings presentation, Nov 4, 2009

  1. Slide 1: FY 2009 first-half financial results

    FY 2009 first-half financial results November 4, 2009 Nissan Motor Co., Ltd. FY09 first-half financial results Key performance indicators – Financial results (billion yen) Net revenue Operating Net income Free cash flow Net debt profit (Auto) (Auto) 149.7 293.3 191.6 266.2 4.869.3 -50.5% 126.3 -30.5

  2. Slide 2: Sales performance: Global

    FY09 first-half performance Recovery plan progress FY09 outlook Future priorities 2 FY09 first-half financial results Sales performance: Global TIV* Retail volume Change vs. 34.35 All FY08 1H 1,902 Change vs. 31.16 regions -9.3% All FY08 1H 1,623 regions -14.6% 2.18 Japan -10.0% North 285 Japan -10.

  3. Slide 3: FY09 first half all-new product launches

    FY09 first half all-new product launches Europe Japan North America PIXO NV200 Vanette G37 Convertible G37 Convertible Skyline Crossover cube Other markets Teana 370Z All-new global launches Regional launches 4 FY09 first-half financial results Sales performance: Japan Retail volume „ TIV decreased

  4. Slide 4: Sales performance: North America and Europe

    Sales performance: North America US retail volume „ TIV decreased 21.9%* to 5.6 million units (thousand units) in US -21.4%* „ US market share stable at 7.2% 516 406 „ 8.7% of market share from CARS program „ Canada: Sales down 6.3% to 45.3 k units, market share improved 0.3% to 5.4% FY08 FY09 1H 1H

  5. Slide 5: Sales performance: China and Other markets

    Sales performance: China (January to June) Retail volume by brand „ TIV increased 22.5% to 5.6 million units (thousand units) 332 278 +19.3% „ Sales of DFL-PV increased 41.3% to 225.1 k units Nissan 173 236 + Infiniti „ Sylphy’s minor change boosted its sales „ Nissan sales increased 71.6% to 209.2

  6. Slide 6: FY09 first-half financial performance

    FY09 first-half financial performance FY08 FY09 Variance (billion yen) 1H 1H Net revenue 4,869.3 3,383.4 -1,485.9 Operating profit 191.6 94.9 -96.7 Non-operating 11.1 -61.7 Ordinary profit 202.7 33.2 -169.5 Extraordinary -33.4 -12.9 Profit before tax 169.3 20.3 -149.0 Taxes -33.8 -11.6 Minority inte

  7. Slide 7: Free cash flow and debt structure (Auto business)

    FY09 first-half financial performance Free cash flow (Auto business) 336.1 (billion yen) -4.8 +15.6 +126.0 -141.5 +11.0 -55.9 149.7 +199.3 Net cash AP/AR Inventory Tax / Cash flow Capex* Asset sales Other Free inflow other from investing cash from P&L operating operating flow items activities activi

  8. Slide 8: Recovery plan progress

    FY09 first-half performance Recovery plan progress FY09 outlook Future priorities 14 FY09 first-half financial results Recovery plan progress Recovery-related activities are on track Recovery Committee Scorecard „ Global TIV „ Sales volume / Market share „ Operating profit „ Free cash flow „ Resourc

  9. Slide 9: Production volume and inventory management

    Production volume Production volume recovered gradually 1,000 900 933 923 800 803 700 (thousand units) 708 600 620 500 520 400 300 200 100 0 FY08 FY08 FY08 FY08 FY09 FY09 1Q 2Q 3Q 4Q 1Q 2Q 16 FY09 first-half financial results Inventory management Inventory volume remains at low level (New vehicles)

  10. Slide 10: FY09 risks and opportunities

    FY09 first-half performance Recovery plan progress FY09 outlook Future priorities 18 FY09 first-half financial results FY09 risks and opportunities Risks Opportunities „ Foreign exchange „ Foreign exchange „ Raw material price „ China rebound „ Synergies with Renault „ Distressed suppliers „ Further

  11. Slide 11: Retail sales forecast and FY09 outlook

    FY09 outlook Retail sales forecast and production plan Retail volume Production volume Change vs. Change vs. FY08 All FY08 3,170 3,411 3,300 All 3,084 regions +2.8% regions -3.3% 612 Japan 0.0% 1,009 Japan -3.9% North (thousand units) (thousand units) 1,000 America -11.7% (765) (US) (-10.6%) North 8

  12. Slide 12: Operating profit variance analysis (FY09 outlook)

    FY09 outlook Operating profit variance analysis (FY08 actual vs FY09 revised outlook) 120.0 (billion yen) +97.9 +40.0 +50.0 +130.0 < Main factors > • G&A expenses -137.9 • Manufacturing expenses +40.0 -200.0 +180.0 -80.0 FY08 FOREX Volume/ Net Selling Provision R&D Sales Others FY09* O.P. mix purcha

  13. Slide 13: Global compact car launch and zero-emission leadership

    Global compact car launch Satisfying fast-growing global demand for affordable mobility Lineup of three global vehicles over three years, starting from March 2010 in Thailand 24 FY09 first-half financial results Zero-emission leadership Moving forward with mass-market zero-emission mobility „ EV lin

  14. Slide 14: Appendix

    Zero-emission leadership Moving forward with mass-market zero-emission mobility 26 FY09 first-half financial results Appendix 27 FY09 first-half financial results

  15. Slide 15: Sales financing: funding sources and penetration

    Sales financing : Funding sources (As of September 2009) Equity Group Finance (Inter-Company) 11.0% 17.6% ABS Off B/S 8.6% Commercial paper 2.0% S/T Loan 1.1% ABS On B/S L/T Loan 28.7% 20.0% Total funding amount Bonds 3,908 billion yen 10.9% 28 FY09 first-half financial results Lease Sales financing

  16. Slide 16: Sales financing: net credit loss ratio, operating profit and assets

    Sales financing: net credit loss ratio FY08 FY09 1H 1H Variance Lease: 0.06% Lease: 0.07% Lease: +0.01% NFS Retail: 0.21% Retail: 0.26% Retail: +0.05% Lease: 0.93% Lease: 0.92% Lease: -0.01% NMAC Retail: 1.69% Retail: 1.96% Retail: +0.27% Lease: 0.16% Lease: 0.19% Lease: +0.03% NCF Retail: 0.25% Ret

  17. Slide 17: Operating profit variance analysis and second-quarter performance

    FY09 first-half financial performance Operating profit variance analysis (billion yen) 1. Foreign exchange impact -142.7 USD -54.5 (106.1 to 95.5) RUB -25.9 (4.44 to 3.02) CAD -22.2 (103.5 to 84.3) EUR* -15.4 AUD -13.2 (97.3 to 76.0) Others -11.5 2. Volume / mix -254.2 Japan -17.5 US -108.9 EUR -69.

  18. Slide 18: FY09 second-quarter operating profit variance analysis

    FY09 second-quarter financial performance Operating profit variance analysis 111.7 (billion yen) +10.1 -22.6 83.3 -80.0 +27.8 +3.5 +33.8 +4.6 +22.5 +28.6 -102.4 -0.3 +46.4 -0.4 FY08 FOREX Scope Raw Purch. Volume Product Selling Provision R&D Mfg. Warranty Sales Others FY09 2Q change material cost /

  19. Slide 19: Non-operating and extraordinary items, first half

    FY09 first-half financial performance Detail of non-operating income/expenses (billion yen) FY08 FY09 Variance 1H 1H • Finance cost -2.2 -7.4 -5.2 • FX translation 3.6 -12.5 -16.1 NML -0.6 -11.3 -10.7 NMEX 9.2 -11.2 -20.4 Others -5.0 10.0 +15.0 • Profit under equity methods 24.1 -31.2 -55.3 • Amorti

  20. Slide 20: Non-operating and extraordinary items, second quarter

    FY09 second-quarter financial performance Detail of non-operating income/expenses (billion yen) FY08 FY09 Variance 2Q 2Q • Finance cost -1.7 -2.8 -1.1 • FX translation 9.7 5.6 -4.1 NML -5.2 -10.4 -5.2 NMEX 16.6 6.0 -10.6 Others -1.7 10.0 +11.7 • Profit under equity methods 13.0 -15.9 -28.9 • Amortiz

  21. Slide 21: Free cash flow variance and other markets retail sales

    FY09 first-half financial performance Free cash flow (Auto business) variance (billion yen) FY08 FY09 Variance 1H 1H Net cash inflow from P&L items 436.0 199.3 -236.7 AP/AR -109.7 126.0 +235.7 Inventory -255.6 -4.8 +250.8 Tax/Others -178.2 15.6 +193.8 Operating activities -107.5 336.1 +443.6 Capex -

  22. Slide 22: Second-quarter other markets retail sales and product launches

    FY09 second-quarter retail sales FY09 2Q Detail of other markets FY08 2Q 187.6 200 +28.4% 180 <PV + LCV> 160 Nissan+Infiniti: 136.2 (+48.4%) DFL: 51.4 (-5.3%) 140 146.0 (thousand units) 120 100 80 60 46.6 64.2 40 53.7 36.3 22.5 20 10.9 28.7 15.3 0 Asia & China M.East Africa Oceania Latin America 42

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