Nissan Motor Co., Ltd. · TSE:7201
Nissan Motor — Q1 FY2019 Earnings Presentation
11 slides from Nissan Motor's earnings presentation, Jul 25, 2019
Slide 1: FY19 1Q Results Business Transformation
Nissan Motor Co., Ltd. July 25th, 2019 FY19 1Q RESULTS BUSINESS TRANSFORMATION www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2
Slide 2: Sales and Profit Highlights
SALES PROFIT RETAIL SALES VOLUME DECREASED 6.0% 1Q OPERATING PROFIT BUT OUTPERFORMED THE MARKET VARIANCE ANALYSIS WHICH DECREASED 6.8% (BILLION YEN) CHANGE 109.1 -42.3 (THOUSAND UNITS) FY18 1Q FY19 1Q vs FY18 VOLUME/MIX *: -72.4 TIV 24,135 22,498 -6.8% SELLING EXP.: +11.9 RETAIL 1,310 1,231 -6.0% SA
Slide 3: Global Sales and Key Markets
GLOBAL TIV *1 RETAIL VOLUME M/S*2 5.4% vs. FY18 1,310 M/S*2 5.5% vs. FY18 24.13 1.19 22.50 GLOBAL -6.8% 1,231 GLOBAL -6.0% 130 1.23 JAPAN +2.8% 126 JAPAN -2.6% 6.79 336 5.98 CHINA -11.9% 344 CHINA +2.3% 5.45 NORTH -2.6% (4.50) 5.31 AMERICA (4.43) (-1.5%) 482 (U.S.) NORTH (365) 452 -6.3% (351) AMERIC
Slide 4: Financial Results and Operating Profit Variance Analysis
(TSE REPORT BASIS — CHINA JV EQUITY BASIS) (BILLION YEN) FY18 FY19 VARIANCE CHANGE 1Q 1Q vs. FY18 (%) NET REVENUE 2,716.6 2,372.4 -344.2 -12.7% OPERATING PROFIT 109.1 1.6 -107.5 -98.5% OP MARGIN 4.0% 0.1% NON-OPERATING 49.8 33.7 ORDINARY PROFIT 158.9 35.3 -123.6 -77.8% EXTRAORDINARY 1.5 -8.4 PROFIT
Slide 5: Recovery Plan Key Pillars
FY19 1Q RESULTS BUSINESS TRANSFORMATION www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 9 RECOVERY PLAN KEY PILLARS 1. US BUSINESS RECOVERY 2. OPERATIONAL AND INVESTMENT EFFICIENCY IMPROVEMENT 3. STEADY GROWTH THROUGH NEW PRODUCTS, ADVANCED TECHNOLOGY AND “NISSAN INTELL
Slide 6: Target 6% OP Margin by End of FY22
TARGET 6% OP MARGIN BY END OF FY22 MANAGEMENT PRO FORMA BASIS NET REVENUE 13.0 16.5→14.5 (Trillion Yen) TRANSFORMATION OP MARGIN 3.0% >8%→>6.0% >1,300 OPERATING PROFIT (Billion Yen) +180 +300 870 390 40% from US FY2019 Operation and Steady growth FY2022 investment efficiency improvement www.nissan-g
Slide 7: Efficiency Improvement and Product Line-up Rationalization
PRODUCTION LINE EFFICIENCY IMPROVEMENT HEADCOUNT COUNTRY TIMING REDUCTION 1 2 3 4 8 Sites/Locations 6,400+ FY2018-2019 5 6 7 8 9 10 Additional 11 6 sites/locations 6,100+ 12 during FY2020 to FY2022 13 14 TOTAL 12,500+ 10% EFFICIENCY IMPROVEMENT IN GLOBAL HEADCOUNT www.nissan-global.com © Copyright
Slide 8: Operating Margin Target and FY22 Reference Figures
TARGET 6% OP MARGIN BY END OF FY22 MANAGEMENT PRO FORMA BASIS NET REVENUE 13.0 16.5→14.5 (Trillion Yen) TRANSFORMATION OP MARGIN 3.0% >8%→>6.0% >1,300 OPERATING PROFIT (Billion Yen) +180 +300 870 390 40% from US FY2019 Operation and Steady growth FY2022 investment efficiency improvement www.nissan-g
Slide 9: Progressing Towards the Future
Skyline Sylphy ProPILOT2.0 Connected Versa Coming soon www.nissan-global.com © Copyright NISSAN MOTOR CO., LTD. All rights reserved. 17 PROGRESSING TOWARDS THE FUTURE All New Cross-over EV (EV dedicated platform, long range, 4WD) Large Large High power 4WD Small Small Kei www.nissan-global.com © Cop
Slide 10: Progressing Towards the Future: Autonomous Drive Technology
PROGRESSING TOWARDS THE FUTURE Eyes-off on free way Driver assist system in Potential values to Next urban road condition the customer* generation of Work/Leisure/Private time AD technology and beyond *fully depending on the government regulations ProPILOT 2.0 Hands-off Navigated multi-lane 3D HD ma
Slide 11: Nissan M.O.V.E. to 2022
FY19 FY22 FYxx NISSAN M.O.V.E. to 2022 Beyond… with New Nissan Transformation Net Revenue OP Margin 14.5T J PY 6% Solid Autonomous Drive Early Provider of Robo-Vehicle and EV Leadership Vehicle Expansion Ride-Hailing Services Remaining homework of current MTP Brand enhancement and trust Digitiza