Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2005 Q3 Earnings Presentation
21 slides from Toyota Motor's earnings presentation, Feb 3, 2005
Slide 1: FY2005 Q3 Financial Results
FY2005 Q3 Financial Results Three months ended December 31, 2004 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 3, 2005
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements This report 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 factors
Slide 3: Caution concerning Insider Trading
Caution concerning Insider Trading Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc., of Toyota which may be contained in this document is prohibited from trading in T
Slide 4: Takashi Hata, Managing Officer
Takashi Hata Managing Officer 4
Slide 5: Increase in Net Revenues and All Profits
Consolidated Financial Summary: Increase in Net Revenues and All Profits FY2005 Q3 FY2004 Q3 Changes (’04/10-12) (’03/10-12) (billions of yen) (billions of yen) (billions of yen) % (*) Net revenues 4,644.0 4,386.0 258.0 5.9 Operating income 422.9 401.6 21.3 5.3 Income before taxes, minority interest
Slide 6: Consolidated Vehicle Sales: Increase in All Regions
Consolidated Vehicle Sales: Increase in All Regions (thousands of units) [ 1,884 ] 2,000 [ 1,663 ] 1,839 (+139) 1,700 441 (+74) 1,500 367 218 249 (+31) 1,000 561 576 (+15) 500 554 573 (+19) 0 '03/10-12 '04/10-12 Japan N. America Europe Other Figures in brackets show total retail unit sales of Toyota
Slide 7: Contributing Factors to Operating Income: +21.3 billion yen
Contributing Factors to Operating Income: +21.3 billion yen (billions of yen) Operational Efforts (volume, mix, etc.) 422.9 450.0 Cost Reduction +30.0 (+21.3) Efforts +40.0 401.6 400.0 350.0 Unfavorable Forex Rate -10.0 Increases in 300.0 Expenses, etc. -38.7 250.0 200.0 '03/10-12 '04/10-12 7
Slide 8: Consolidated Vehicle Sales: Japan
Consolidated Vehicle Sales(’04/10-12) : Japan +19 thousand units +3.5% (year-on-year) 668 (thousands of units) 554 568 573 538 Isis Mark X '03/10-12 '04/1-3 '04/4-6 '04/7-9 '04/10-12 8
Slide 9: Geographic Operating Income: Japan
Geographic Operating Income: Japan Profit Increase by Marketing and Cost Reduction Efforts (billions of yen) 300.0 +11.2 (+5.0%) 250.0 237.3 226.1 200.0 150.0 100.0 50.0 0.0 '03/10-12 '04/10-12 9
Slide 10: Consolidated Vehicle Sales: North America
Consolidated vehicle sales (’04/10-12) : North America +15 thousand units +2.6% (year-on-year) (thousands of units) 572 576 561 554 537 Camry RX330 Scion tC CY04 U.S. No.1 First LEXUS Model Selling Acquiring Young and Passenger Vehicle over 100 Thousand Units(per year) New Customers '03/10-12 '04/1-
Slide 11: Geographic Operating Income: North America
Geographic Operating Income: North America Maintained Profits Despite Severe Competition (billions of yen) 200.0 -0.4 (-0.3%) 150.0 128.2 127.8 100.0 50.0 0.0 '03/10-12 '04/10-12 11
Slide 12: Consolidated Vehicle Sales: Europe
Consolidated vehicle sales (’04/10-12) : Europe +31 thousand units +14.3% (year-on-year) (thousands of units) 247 249 239 229 218 Prius YARIS Awarded 2005 European Record Sales for the Car of the Year 6th Consecutive Year '03/10-12 '04/1-3 '04/4-6 '04/7-9 '04/10-12 12
Slide 13: Geographic Operating Income: Europe
Geographic Operating Income: Europe Marketing Efforts and Expansion of Local Production Led to Profit Growth (billions of yen) 40.0 +1.8 30.0 (+7.7%) 26.5 24.7 20.0 10.0 0.0 '03/10-12 '04/10-12 13
Slide 14: Consolidated Vehicle Sales: Other
Consolidated vehicle sales (’04/10-12) : Other +74 thousand units +20.2% (year-on-year) (thousands of units) 441 434 425 405 367 IMV Series IMV Series FORTUNER Hilux VIGO '03/10-12 '04/1-3 '04/4-6 '04/7-9 '04/10-12 14
Slide 15: Geographic Operating Income: Other
Geographic Operating Income: Other Profit Increase Mainly in Asia Due to IMV (billions of yen) 50.0 40.0 +9.2 (+37.5%) 33.5 30.0 24.3 20.0 10.0 0.0 '03/10-12 '04/10-12 15
Slide 16: Business Segments: Financial Services
Business Segments: Financial Services Significant Profit Growth due to Increase in Balance of Captive Finance, etc. +6.4 (billions of yen) (+12.3%) 58.7 60.0 52.3 50.0 40.0 30.0 20.0 10.0 0.0 '03/10-12 '04/10-12 Evaluation gain from interest swap agreement with our U.S. finance subsidiary, etc. (03/
Slide 17: Quarterly Changes of Operating Income
Quarterly Changes of Operating Income: Maintaining a High Level while Implementing Projects for Future Growth (billions of yen) 600.0 497.5 500.0 448.6 422.9 401.6 417.6 400.0 300.0 200.0 100.0 0.0 '03/10-12 '04/1-3 '04/4-6 '04/7-9 '04/10-12 DAIKO-HENJO profit (billions of yen) ’04/1-3 : 107.0 ’04/4
Slide 18: Mid-term Sales Plan: 8.5 Million Units in CY06
Mid-term sales plan(Toyota + Daihatsu + Hino) : 8.5 Million Units in CY06 Around 8.5 Million (Millions of Units) 8.0 6.0 4.0 2.0 0 CY03 CY04 CY05 CY06 18
Slide 19: FY2005 Consolidated Prospects: Vehicle Unit Sales
FY2005 Consolidated Prospects: Vehicle Unit Sales Upward Revision to an Increase of 571 Thousand Units on the Previous Fiscal Year (thousands of units) 7,220 7,290 (+571) 7,000 6,719 1,670 1,700 (+285) 6,000 1,415 5,000 898 980 970 (+72) 4,000 2,103 2,220 2,250 (+147) 3,000 2,000 1,000 2,303 2,350 2
Slide 20: Toyota's Operations Prospects
Toyota’s Operations Prospects (excluding Daihatsu and Hino) FY2005 Prospects FY2004 (’04/4-’05/3) (’03/4-’04/3) thousands of units thousands of units Automotive Japan 3,760 3,558 Production Overseas 3,130 2,739 Sales (Japan) 1,810 1,765 Exports 1,990 1,860 Sales (Overseas) 5,050 4,541 Units units Ho
Slide 21: FY2005 Q3 Financial Results
FY2005 Q3 Financial Results Three months ended December 31, 2004 - prepared in accordance with U.S. GAAP - Toyota Motor Corporation February 3, 2005 21