Business Results for First Nine Months Fiscal Year Ended December 31, 2018 Business Information Session

Transcription

1 Business Results for First Nine Months Fiscal Year Ended December 31, 2018 Business Information Session New LMW: NIKEN Yamaha Motor Co., Ltd. October 31, 2018 (Ticker symbol: 7272)

2 Agenda FY2018 Business Results for First Nine Months Director - Tatsumi Okawa 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. 2

3 Business Results: 2018 () Net sales: Increased thanks to strong performance in the marine business, the power products business, and the emerging markets motorcycle business. Operating income: Decreased due to the struggling developed markets motorcycle business, foreign exchange effects, and increased raw material costs Vs. Previous Year Net Sales 1, , % Operating Income % Operating Income Ratio 9.7% 9.2% -0.5pts. Ordinary Income % Net Income* % ($ ) 112 / / 131 ($/IDR BR$) 13,167 / ,213 / 3.6 *Net Income Attributed to Owners of Parents 3

4 Factors Impacting Operating Income () Operating Income Effect of Sales Increase Profitability Improvements 7.7 Raw Material Price Fluctuations Increase in SG&A Expenses Development Cost Increases including Growth Strategy Expenses -2.9 Exchange Effects Net Income Attributed to Owners of Parents 2017 ($/ : 112/125) 2018 (110/131) 4

5 Business Results: 2018 (Annual Forecast) Forecast business results have been revised to include the recent sales situation and foreign exchange environment. The forecast dividend is unchanged Results 2018 Previous Forecast 2018 New Forecast Vs. Previous Year Net Sales 1, , , % Operating Income % Operating Income Ratio 9.0% 8.8% 8.7% -0.3pts. Ordinary Income % Net Income * % Cash Dividend ($ ) 112 / / 130 ($/IDR BR$) 13,400 / ,300 / 3.3 (Annual) 110 / 131 (4Q) 110 / 130 (Annual) 14,300 / 3.7 (4Q) 15,200 / 3.7 *Net Income Attributed to Owners of Parents 5

6 Factors Impacting Operating Income (Annual Forecast) Effect of Sales Increase Profitability Improvements 11.2 Raw Material Price Fluctuations Increase in SG&A Expenses Development Cost Increases including Growth Strategy Expenses -4.4 Exchange Effects Net Income Attributed to Owners of Parents 2017 ($/ : 112/127) 2018 (110/131) 6

7 Business Results: Details of Net Sales and Operating Income () 16,000 Net Sales Operating Income 14,000 1, , ,000 1, Other ,121 10, ,000 Marine Power Products 7.8% 9.7% 9.2% ,000 Emerging Markets Motorcycle Business 4,000 2,000 Developed Markets Motorcycle Business ($/ : 109/121) (112/125) (110/131) (IDR/BR$: 13,273/3.5) (13,167/3.2) (14,213/3.6) * Other Products: Includes industrial machinery & robot products 7

8 Business Results: 2018 () ASEAN Motorcycle Business Indonesian market recovery is becoming clear. Favorable sales continue in the Philippines. Operating Income Ratio 8.3% 9.2% 8.4% Developed Markets Motorcycle Business Structural reform are being progressed. Concentrating development of more competitive model. Operating Income Ratio -2.0% 0.2% -5.7% Net Sales The Philippines Thailand Vietnam Net Sales Oceania Japan North America Indonesia Europe ($/IDR: 16 13,273) 年 17 (13,167) 年 18 (14,213) 年 ($/ : 109/121) 16 年 (112/125) 17 年 18 (110/131) 年 8

9 Business Results: 2018 () Marine Outboard motor production increase well under way. Favorable sales of water vehicles and boats continue. Power Products Sales of golf cars and multi-purpose engines are healthy. ROV competition is intensifying. Operating Income Ratio Net Sales 19.9% 19.4% 19.8% Operating Income Ratio Net Sales 4.5% 1.2% 0.7% Boats/ WV etc Others Outboard Motors RV 年年年 ($/ : 109/121) (112/125) (110/131) 2016 年 2017 年 2018 年 ($/ : 109/121) (112/125) (110/131) 9

10 Business Results: 2018 () Industrial Machinery & Robot Products Favorable sales of products such as surface mounters for automotive applications continue. Closely monitoring trends in the robot market. Other Products Electrically power assisted bicycles: Market competition is intensifying. Aiming to expand sales with the YPJ Series. Operating Income Ratio 16.4% 23.5% 24.6% Net Sales Operating Income Ratio Net Sales 6.5% 8.0% 5.9% 年 17 年 18 年 年年年 10

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12 Motorcycle Sales Units/Net Sales () Unit Sales (Thousand units) Net Sales Others Asia Europe North America Japan ($/ ) (112/125) (110/131) 12

13 Net Sales of Marine/Power Products () Others Asia Europe Marine Power Products North America Japan ($/ ) (112/125) (110/131) 13

14 Net Sales of IM/Others () Others Asia IM Others Europe North America Japan ($/ ) (112/125) (110/131) 14

15 Capital Expenditure / Depreciation and Amortization Expenses / Research and Development Expenses / Interest-bearing Debt 2017 Results 2018 Results Capital Expenditure Depreciation and Amortization Expenses Research and Development Expenses Interest-bearing Debt (Includes Sales Financing)

16 Effects of Foreign Exchange (Compared to Previous Year) 2018 Results (9 months) 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$ 1.2 Bil. Euro 0.5 Bil. 16

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