Financial Results of FY2014 Third Quarter

Transcription

1 Financial Results of FY2014 Third Quarter Mitsubishi Motors Corporation February 3, 2015

2 FY2014 Third Quarter Financial Results All-new Triton 1

3 FY Q Results Summary (vs. 1-3Q) Increased Year-on-year Net Sales and Profits 1-3Q (Apr Dec 2013) 1-3Q (Apr Dec 2014) Increase/ Decrease Amount % Net Sales 1, , % Operating Income (Margin) 96.3 (6.3%) (6.3%) % Ordinary Income (Margin) (7.7%) (7.6%) % Net Income (Margin) 88.4 (5.8%) 98.6 (6.2%) % 2

4 FY Q Regional Sales Volume (Retail, vs. 1-3Q) Sales Volume Increased 30,000 Units Year-on-year Driven by Western Europe, North Asia, and the United States Japan North America Europe Asia Others Total 1-3Q vs. 1-3Q (- 19%) (+ 22%) +22 (+ 15%) -3 (- 1%) + 14 (+ 7%) +30 (+ 4%) (thousand units) North Asia Australia & NZ Registered Vehicles Mini cars Q 3Q U.S. Canada & Mexico Q Q Western Europe & others Russia & others Note: Sales volume of FY Q refers to preliminary results Q Q ASEAN 184 3Q 164 3Q Latin America Middle East & Africa Q 74 3Q 3Q 3Q 3

5 Analysis of Increase/Decrease of Operating Income Increased Operating Income Achieved by Combined Impact of Raw Material Price/ Cost Reduction and Favorable Forex Vol/Mix by region Forex effect by main currency Others Japan -2.9 North America -1.1 Europe -1.8 Asia -4.7 Others Forex rate(yen) Effect USD EUR AUD THB GBP Indirect labor cost -2.7 R&D expenses and others RUB Vol/Mix Sales Expenses Forex Combined impact of raw material price / cost reduction Others Q (Apr 2013-Dec 2013) Q (Apr 2014-Dec 2014) 4

6 FY2014 Full-year s Outlander PHEV SPORTS STYLE EDITION 5

7 FY2014 Regional Sales Volume (Retail, vs. ) Sales Volume s Increased by 20,000 units YoY Japan North America Europe Asia Others Total vs. -33 (- 23%) (thousand units) Registered Vehicles Mini cars Oct (+ 21%) U.S. Canada & Mexico Western Europe & others Russia & others +14 (+ 7%) North Asia ASEAN + 2 (+ 1%) Australia & NZ Latin America Middle East & Africa +17 (+ 6%) (+ 2%) 1,089 1,047 1,067 6

8 FY2014 s Summary (vs. FY2013 ) Increased s of Net Sales and Profits (Apr Mar 2014) (Apr Mar 2015) s Increase/Decrease Amount % Previous s (Oct 29) Net Sales 2, , % 2,180.0 Operating Income (Margin) (5.9%) (6.2%) % (6.2%) Breakdown of change Vol/Mix -5.0 Ordinary Income (Margin) Net Income (Margin) (6.2%) (5.0%) (6.4%) (5.1%) % % (6.3%) (5.0%) Sales Expenses -5.0 Forex +7.0 Combined impact of raw material price/ Cost reduction Others

9 Summary FY Q Results Increased Year-on-year Sales Volume, Net Sales, and Profits Retail Volume Wholesale Volume Net Sales Operating Income Ordinary Income Net Income 806,000 units, 4% up 956,000 units, 4% up 1,588.6 billion yen, 5% up billion yen, 5% up billion yen, 3% up 98.6 billion yen, 12% up FY2014 Full Year s Increased Year-on-year Sales Volume, Net Sales, and Profits Retail Volume Wholesale Volume Net Sales Operating Income Ordinary Income Net Income 1,067,000 units, 2% up 1,298,000 units, 3% up 2,170.0 billion yen, 4% up billion yen, 9% up billion yen, 7% up billion yen, 5% up 8

10 Appendix All-new Triton 9

11 FY2014 Results Summary (by quarter) (billion yen/ thousand units) 1Q (Apr-Jun) 2Q (Jul-Sep) 3Q (Oct-Dec) 1-3Q (Apr-Dec) Net Sales ,588.6 Operating Income Ordinary Income Net Income Sales Volume (retail) Sales Volume (wholesale) Forex Rate (yen) USD EUR AUD THB GBP

12 FY Q Regional Results (vs. FY Q) 1-3Q (Apr 2013-Dec 2013) 1-3Q (Apr 2014-Dec 2014) Increase/ Decrease Net Sales 1, , Japan North America Europe Asia Others Operating Income Japan North America Europe Asia Others

13 FY2014 Regional (vs. FY2013 ) Increase/ Decrease Net Sales 2, , Japan North America Europe Asia Others Operating Income Japan North America Europe Asia Others

14 Analysis of Increase/Decrease of FY2014 Operating Income (vs. ) Vol/Mix by region Forex effect by main currency Others Japan -5.0 North America Forex rate(yen) Effect USD R&D expenses and others Europe -2.5 Asia -3.0 Others +3.0 EUR AUD THB GBP RUB Vol/Mix Sales Expenses Forex Combined impact of raw material price / cost reduction Others Apr 2013-Mar Apr Mar

15 Analysis of Increase/Decrease of FY2014 Operating Income (vs. Previous (Oct 29) ) Vol/Mix by region Japan North America Europe -1.0 Asia -5.0 Others Vol/Mix Forex effect by main currency -1.0 Forex rate(yen) 10/29 2/ Effect USD EUR AUD ± 0 THB GBP RUB Sales Expenses Forex Combined impact of raw material price / cost reduction Others Oct 29 Apr 2014 Mar 2015 ± 0 Feb 3 Apr 2014 Mar

16 Capital expenditure / Depreciation / R&D expense 1-3Q 1-3Q (Apr 2013-Dec 2013) (Apr Dec 2014) (Apr 2014-Mar 2015) Capital expenditure (YoY) 44.4 (+37%) 44.7 (+ 1%) 90.0 (+25%) Depreciation (YoY) 39.2 (+7%) 38.8 (- 1%) 58.0 (+10%) R&D expense (YoY) 48.1 (+6%) 54.1 (+12%) 74.0 (+10%) 15

17 All statements herein, other than historical facts, contain forward-looking statements and are based on MMC s current forecasts, expectations, targets, plans, and evaluations. Any forecasted value is calculated or obtained based on certain assumptions. Forward-looking statements involve inherent risks and uncertainties. A number of significant factors could therefore cause actual results to differ from those contained in any forward-looking statement. Significant risk factors include: Feasibility of each target and initiative as laid out in this presentation; Fluctuations in interest rates, exchange rates and oil prices; Changes in laws, regulations and government policies; and Regional and/or global socioeconomic changes. Potential risks and uncertainties are not limited to the above and MMC is not under any obligation to update the information in this presentation to reflect any developments or events in the future. If you are interested in investing in Mitsubishi Motors, you are requested to make a final investment decision at your own risk, taking the foregoing into consideration. Please note that neither Mitsubishi Motors nor any third party providing information shall be responsible for any damage you may suffer due to investment in Mitsubishi Motors based on the information shown in this presentation. 16

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