Financial Results for FY2014 First Half

Transcription

1 Financial Results for FY2014 First Half Mitsubishi Motors Corporation October 29, 2014

2 FY2014 First Half Financial Results Outlander PHEV Concept-S 1

3 FY2014 Results Summary (vs. FY2013 ) Increased Year-on-year Net Sales and Profit (billion yen) (Apr Sep 2013) (Apr Sep 2014) Increase/ Decrease Amount % Apr 24 s Increase/ Decrease Amount % Net Sales , % 1, % Operating Income (Margin) Ordinary Income (Margin) 50.8 (5.5%) 61.0 (6.6%) 62.7 (6.1%) 73.6 (7.1%) % % 55.0 (5.0%) % Foreign exchange gains : +3.5 Equity in earnings of affiliates : (5.1%) % Net Income (Margin) 46.7 (5.0%) 60.9 (5.9%) % 43.0 (3.9%) % 2

4 FY2014 Regional Sales Volume (Retail, vs. ) Sales Volume Increased 22,000 Units Year-on-year Driven by Western Europe, North Asia, and the United States Japan North America Europe Asia Others Total vs. -9 (- 14%) +12 (+ 27%) +13 (+ 15%) + 4 (+ 2%) + 2 (+ 1%) +22 (+ 4%) (thousand units) Registered Vehicles Mini cars U.S. Canada & Mexico Western Europe & others Russia & others Note: Sales volume of FY2014 refers to preliminary results North Asia ASEAN Australia & NZ Latin America Middle East & Africa

5 Analysis of Increase/Decrease of Operating Income Increase Achieved by Improvement of Volume and Product Mix, Combined Impact of Raw Material Price/ Cost Reduction and Favorable Forex Vol/Mix by region Japan North America Europe Forex effect by main currency Forex rate(yen) Effect USD EUR Others Indirect labor cost -2.5 R&D expenses and others (billion yen) Asia -3.3 Others AUD THB GBP Vol/Mix Sales Expenses Forex Combined impact of raw material price / cost reduction Others 62.7 (Apr 2013-Sep 2013) (Apr 2014-Sep 2014) 4

6 FY2014 Full-year s Outlander PHEV Completes Australasian Safari

7 FY2014 Regional Sales Volume (Retail, vs. ) Sales Volume s Increased by 42,000 units YoY Japan North America Europe Asia Others Total vs. -33 (- 23%) (thousand units) Initial Plan Registered Vehicles Mini cars (+ 19%) U.S. Canada & Mexico Western Europe & others Russia & others +11 (+ 6%) North Asia ASEAN + 32 (+ 9%) Australia & NZ Latin America Middle East & Africa +13 (+ 5%) (+ 4%) 1,182 1,047 1,089 6

8 FY2014 s Summary (vs. FY2013 ) Increased s of Net Sales and Income (billion yen) (Apr Mar 2014) (Apr Mar 2015) s Increase/Decrease Amount % Apr 24 s Net Sales 2, , % 2,300.0 Operating Income (Margin) Ordinary Income (Margin) Net Income (Margin) (5.9%) (6.2%) (5.0%) (6.2%) (6.3%) (5.0%) % % % (5.9%) (6.0%) (4.8%) Breakdown of change Vol/Mix +1.0 Sales Expenses -4.0 Forex +4.0 Combined impact of raw material price/ Cost reduction Others

9 Summary FY2014 Results Increased Year-on-year Sales Volume, Net Sales, and Profit Retail Volume Wholesale Volume Net Sales Operating Income Ordinary Income Net Income 521,000 units, 4% up 626,000 units, 10% up 1,035.1 billion yen, 11% up 62.7 billion yen, 23% up 73.6 billion yen, 21% up 60.9 billion yen, 30% up FY2014 Full Year s Increased Year-on-year Sales Volume, Net Sales, and Profit Retail Volume Wholesale Volume Net Sales Operating Income Ordinary Income Net Income 1,089,000 units, 4% up 1,306,000 units, 4% up 2,180.0 billion yen, 4% up billion yen, 9% up billion yen, 7% up billion yen, 5% up 8

10 Appendix 9

11 FY2014 Results Summary (by quarter) (billion yen/ thousand units) 1Q (Apr-Jun) 2Q (Jul-Sep) (Apr-Sep) Net Sales ,035.1 Operating Income Ordinary Income Net Income Sales Volume (retail) Sales Volume (wholesale) Forex Rate (yen) USD EUR AUD THB GBP

12 FY2014 Regional Results (vs. FY2013 ) (Apr 2013-Sep 2013) (Apr 2014-Sep 2014) (billion yen) Increase/ Decrease Net Sales , Japan , North America Europe Asia Others Operating Income Japan North America Europe Asia Others

13 Analysis of Increase/Decrease of FY2014 Operating Income (vs. ) Vol/Mix by region Forex effect by main currency Others (billion yen) Japan -6.0 North America Europe -1.5 Asia +2.0 Others +5.0 Forex rate(yen) Effect USD EUR AUD THB GBP Indirect labor cost -7.0 R&D expenses and others -7.4 RUB Vol/Mix Sales Expenses Forex Others Combined impact of raw material price / cost reduction Apr 2013-Mar Apr Mar

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

15 Analysis of Increase/Decrease of FY2014 Operating Income (vs. Apr 24 ) Vol/Mix by region Japan North America Europe Asia Others Forex effect by main currency Forex rate(yen) Apr 24 Oct 29 Effect USD EUR ± 0 AUD THB GBP RUB (billion yen) Vol/Mix Sales Expenses Forex Combined impact of raw material price / cost reduction Others Apr 24 Apr 2014 Mar 2015 ± 0 Oct 29 Apr 2014 Mar

16 Balance Sheet (vs. end of FY2013) (billion yen) Mar Sep Increase/ Decrease Total Assets 1, , Cash & cash deposits Accounts receivable Inventory Total Liabilities Accounts payable Interest-bearing debt Net Assets

17 Capital expenditure / Depreciation / R&D expense (billion yen) (Apr 2013-Sep 2013) (Apr Sep 2014) (Apr 2014-Mar 2015) Capital expenditure (YoY) 32.8 (+27%) 22.8 (- 30%) 90.0 (+25%) Depreciation (YoY) 26.0 (+7%) 25.2 (- 3%) 58.0 (+10%) R&D expense (YoY) 31.7 (+13%) 34.4 (+9%) 72.0 (+7%) 16

18 Outlander PHEV Completes Asia Cross Country Rally 2014 For Second Straight Year 17

19 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. 18

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