Suzuka 8-Hours Endurance Race Achieved Unprecedented Four Successive Victories by One Team

Transcription

1 Business Results for -Year Fiscal Year Ended December 31, Business Information Session Yamaha Motor Co., Ltd. August 8, (Ticker symbol:7272) Suzuka 8-Hours Endurance Race Achieved Unprecedented Four Successive Victories by One Team

2 Agenda FY Business Results for -Year President, CEO and Representative Director - Yoshihiro Hidaka Forecast Consolidated Results Forecast consolidated results stated herein are based on the management's assumptions and beliefs in light of information currently available and involve risks and uncertainties. Please be advised that actual results may differ significantly from those discussed in the Forecast Consolidated Results. Potential risks and uncertainties include, but are not limited to, general economic conditions in Yamaha Motor s major markets, changing consumer preferences and currency exchange rate fluctuations.

3 Outline

4 Business Results: () Sales increased (103%) and operating income increased slightly, the highest level ever. No changes to full-year forecasts. ( Bil.) Vs. Previous Year Annual Forecast Net Sales % 1,700.0 Operating Income % Operating Income Ratio 9.9% 9.7% -0.3pts. 8.8% Ordinary Income % Net Income* % ($ ) 112 / / 132 ($/IDR BR$) 13, ,758 / 3.4 *Net Income Attributable to Owners of Parent 4

5 Factors Impacting Operating Income ( ) Operating Income 82.2 Effect of Sales Increase 4.5 Profitability Improvements 4.3 Exchange Effects -1.5 Raw Material Price Fluctuations -2.2 Development Cost Increases including Growth Strategy Expenses Increase in SG&A Expenses ( Bil.) Net Income * ($/ : 112/122) Income Decrease due to Foreign Exchange Losses (109 / 132) *Net Income Attributable to Owners of Parent 5

6 Stock Dividends Increased dividends for the sixth year running are forecast. 60 yen 88 yen 90 yen yen Total Dividend for the Year 44 yen 5.0% 45 yen Interim Dividend 2015 Results 2016 Results Results Forecasts EPS: 172 yen 181 yen 291 yen 295 yen Payout Ratio: 26% 33% 30% 31% 6

7 Details per Business Segment

8 First-Half Status of Businesses Net Sales Operating Income Other Power Products Marine Emerging Markets Motorcycle Business Developed Markets Motorcycle Business ($/ : 112/125) (112/122) (109/132) ( Bil.) Other Products: Includes industrial machinery & robot products 8-3.9

9 Motorcycle Business ASEAN Platform model sales are healthy, maintaining high profitability. Operating Income Ratio Net Sales ( Bil.) The Philippines Thailand Vietnam Indonesia 7.8% 8.5% 8.4% First-half Sales Status (Thousand Units) 1, ,422 1,341 1, , Total Unit Sales Shipments and Unit Sales of Global Models Unit Sales of Platform Models 年 First 17 年 Half 18 年

10 Platform Model Lineup NMAX LEXi MIO SPORTY 10

11 Motorcycle Business Developed Markets Operating Income Ratio Amid declining sales in Europe, promoting further structural reforms and building a new business model. 1.1% 1.9% -3.0% -Year Total Demand and Market Share (51cc and over: Thousand units) Net Sales ( Bil.) Oceania Japan North America , % 16.6% 16.8% 16.2% 14.9% Market Share Total Demand Europe 年 First 17 年 Half 18 年

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13 Operating Income Ratio Net Sales ( Bil.) Water Vehicles/ Boats etc. 22.5% 20.5% Marine Products Business The benefits from the outboard motor ramp-up of production capacity will be visible in the second half-year. In addition to the trend to larger outboard models, aiming to increase total value. 20.2% Outboard Motors First-half Sales Status (North American and European markets: Thousand units) HP+ 100HP+ Outboard Motors Up to 99HP 年 First 17 年 Half 18 年 (January to May cumulative data for Europe etc.) 13

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15 Power Products Business Operating Income Ratio Net Sales ( Bil.) Sales increases of all-terrain vehicles (ATVs) and golf cars. ROV platform rollout begins. 3.8% 1.4% 1.6% ROV Platform Model WOLVERINE X2 Other RV First 16 年 Half First 17 年 Half First 18 年 Half (North American launch in June ) 15

16 Industrial Machinery and Robot Products Business Increase in sales and income thanks to surface mounters product mix improvements. Operating Income Ratio 17.2% 20.4% 25.0% Won the New Product Award at SLAS Europe Net Sales ( Bil.) 年 年 年 CELL HANDLER (Medical System) 16

17 Other Products Electrically power assisted bicycles: Develop new categories in Japan and North America to recover from the setback. Operating Income Ratio * Net Sales ( Bil.) 6.2% 10.3% 7.1% The YPJ-XC - providing a new experience in riding enjoyment 年 年 年 (launched in July ) * Includes electrically power assisted bicycles, automobile engines, etc. 17

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19 Motorcycle Sales Units/Net Sales () Others 2,549 Unit Sales (Thousand units) 2, Net Sales ( Bil.) Asia 2,122 2, Europe North America Japan ($/ ) (112/122) (109/132) 19

20 Net Sales of Marine/Power Products () Marine Power Products Others Asia Europe North America Japan ( Bil.) ($/ ) (112/122) (109/132) 20

21 Net Sales of Industrial Machinery & Robot Products and Other Products () Industrial Machinery & Robot Products Other Products Others Asia 15.5 Europe North America Japan ( Bil.) ($/ ) (112/122) (109/132) 21

22 Capital Expenditure / Depreciation and Amortization Expenses / Research and Development Expenses / Interest-bearing Debt ( Bil.) Results Results Capital Expenditure Depreciation and Amortization Expenses Research and Development Expenses Interest-bearing Debt (Includes Sales Financing)

23 Effects of Foreign Exchange (Compared to Previous Year) ( Bil.) US$ Euro Others Total Foreign Exchange Effects on HQ Imports and Exports Foreign Exchange Effects on Purchases (Overseas Subsidiaries) Conversion Effects on Gross Income (Overseas Subsidiaries) Conversion Effects on SG&A Expenses (Overseas Subsidiaries) Foreign Exchange Effects on Operating Income Foreign Exchange Sensitivity Amount of effect on operating income per yen of foreign exchange fluctuations US$ 0.8 Bil. Euro 0.3 Bil. 23

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