Investor Update FY18 Half-Year Presentation. Toyota Kluger

Transcription

1 Investor Update FY18 Half-Year Presentation Toyota Kluger

2 Investor Relations Agenda Page Topic 3 Disclaimer 6 The Global Toyota Group 13 Toyota in Australia 21 Toyota Finance Australia 34 Investment Highlights Toyota Corolla

3 Disclaimer The information in this presentation is an overview of certain information relating to Toyota Motor Corporation ( TMC ) and its subsidiaries (including Toyota Finance Australia Limited (ABN ) ( TFA ) and Toyota Motor Corporation Australia Limited ( TMCA )) (together, the Toyota Companies ). It has been prepared, and is authorised, by TFA and TMCA. TFA is expressly not responsible for information in this presentation relating to TMCA. This presentation is being provided solely for your information, and may not be distributed to any other person, and may not be reproduced in any form, in whole or in part. Failure to comply with this restriction may constitute a violation of applicable securities laws. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or any other material discussed verbally or on its completeness, accuracy or fairness. No representation or warranty, expressed or implied, is given by, or on behalf of, the Toyota Companies or any of the Toyota Companies directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever by the Toyota Companies or any of the Toyota Companies directors, officers or employees or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The information in this presentation is subject to verification, completion and change. This presentation is not a prospectus or offering document and does not constitute or form part of and should not be construed as, an offer to sell or issue or the invitation or solicitation of an offer to buy or acquire securities or other financial products of any of the Toyota Companies (including TFA) in any jurisdiction or an inducement to enter into investment activity in any jurisdiction. Neither this presentation nor any part thereof, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. Investors and prospective investors in the securities or other financial products of any of the Toyota Companies (including TFA) are required to make their own independent investigation and appraisal of the business and financial condition of the Toyota Companies and the nature of the securities and other financial products. This presentation does not constitute a recommendation regarding securities or other financial products of any of the Toyota Companies (including TFA). Any prospective purchaser of securities or other financial products of any of the Toyota Companies (including TFA) is recommended to seek its own independent financial advice. The distribution and use of this presentation may be restricted by law in certain jurisdictions and is not provided to any person in any jurisdiction where it is unlawful to do so. Recipients of this presentation should inform themselves about them and observe any such restrictions. TFA does not represent that this presentation may be lawfully distributed in compliance with any applicable registration or other requirements in any such jurisdiction where action for that purpose is required, or under an exemption available in that jurisdiction, nor does it assume any responsibility for facilitating any such distribution. In particular, no action has been taken by TFA or any other person which would permit distribution of this presentation in any jurisdiction where action for that purpose is required. 3

4 Disclaimer This presentation is intended for distribution only to financial institutions and professional investors only in circumstances where disclosure is not required under Part 6D.2 or 7.9 of the Corporations Act 2001 of Australia (the Corporations Act ), and otherwise only as may be permitted by applicable law. The information must not, and is not intended to be, given to any retail client within the meaning of section 761G of the Corporations Act. The information in this presentation is a summary only and is not complete. It does not amount to an express or implied recommendation or a statement of opinion (or a report or either of those things) with respect to any investment in any of the Toyota Companies nor does it constitute financial product advice. No action has been made or will be taken that would permit a public offering of any securities described herein. This presentation is made to and directed only at (i) persons outside the United Kingdom, (ii) qualified investors or investment professionals falling within Article 19(5) and Article 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order ), (iii) high net worth individuals, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, (iv) persons who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended by Directive 2010/73/EU) ( qualified investors ), (such persons at (i) through (iv) collectively being referred to as Relevant Persons ). Any person who acquires securities in any offer or to whom any offer of any securities is made will be deemed to have represented and agreed that it is a Relevant Person. By receiving or accessing this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Toyota Companies and that you will conduct your own analysis and be solely responsible for forming your own opinion of the potential future performance of the Toyota Companies business and in all cases are capable of being categorised as a Professional Client or Eligible Counterparty for the purposes of the UK Financial Conduct Authority s conduct of business rules (such persons being referred to as Relevant Persons ). This presentation must not be acted or relied on by persons who are not Relevant Persons. This presentation is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities of TFA issued under its Euro Medium Term Note Programme referred to in this presentation or otherwise, except on the basis of information in the base prospectus of Toyota Motor Finance (Netherlands) B.V., Toyota Credit Canada Inc., Toyota Finance Australia Limited and Toyota Motor Credit Corporation dated 8 September 2017, as supplemented from time to time, together with the applicable final terms which are or will be, as applicable, available on the website of the London Stock Exchange plc at Neither this presentation nor any copy of it, nor the information contained herein, in whole or in part, may be taken or transmitted into, or distributed, directly or indirectly to the United States or to any U.S person (as defined under Regulation S under the U.S. Securities Act of 1933, as amended ( the Securities Act ). Any failure to comply with this restriction may constitute a violation of U.S. securities laws. This presentation does not constitute, and should not be construed as, an offer to sell or the solicitation of an offer to buy securities in the United States as defined in Regulation S under the Securities Act or to any U.S. person. No securities of TFA have been, or will be, registered under the Securities Act or the securities laws of any state of the United States. 4

5 Disclaimer Matters discussed in this presentation may constitute forward-looking statements. Forward-looking statements are statements other than in respect of historical facts. The words believe, expect, anticipate, intends, estimate, will, may, "continue, should and similar expressions identify forward-looking statements. Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; developments of the Toyota Companies markets; the impact of regulatory initiatives; and the strength of the Toyota Companies competitors. The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management s examination of historical operating trends, data contained in the Toyota Companies records and other data available from third parties. Although TFA believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause the actual results, performance or achievements of the Toyota Companies or industry results to differ materially from those results expressed or implied in this presentation by such forward-looking statements. The information, opinions and forward-looking statements contained in this presentation speak only as at the date of this presentation, and are subject to change without notice. The Toyota Companies and their agents, employees or advisers do not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation to reflect any change in events, conditions or circumstances. By attending any presentation to which this document relates or by accessing this presentation you will be taken to have represented, warranted and undertaken that (a) you are a Relevant Person (as defined above), and (b) you have read and agree to comply with the contents of this notice. In this presentation, TFA presents certain financial measures which are not defined under Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board as well as the Corporations Act and comply with the International Financial Reporting Standards ( IFRS ) as issued by the International Accounting Standards Board but are key indicators used by management to assess operational performance. These measures are presented because TFA believes that they and similar measures are widely used in the Toyota Companies industry as a means of evaluating operating performance. Accordingly, this information has been presented to permit a more complete and comprehensive analysis of TFA s operating performance, consistent with how the Toyota Companies business performance is evaluated by management. However, these measures may not be comparable to similarly titled measures used by other companies and are not measurements under IFRS or any other body of generally accepted accounting principles, and thus should not be considered substitutes for the information contained in TFA s audited consolidated financial statements for the year ended 31 March 2017 and TFA s interim financial statements for the half year ended 30 September This presentation includes references to credit ratings and, accordingly, this presentation should not be distributed to or accessed by any persons who are not able to receive such information in accordance with applicable law. Credit ratings provided by third-party credit rating agencies may not reflect all risks of an investment in securities or other financial products and may be subject to revision or withdrawal at any time. 5

6 The Global Toyota Group Toyota 86

7 Toyota Motor Corporation Vision and group structure Toyota Global Vision Toyota will lead the way to the future of mobility, enriching lives around the world with the safest and most responsible ways of moving people Through our commitment to quality, constant innovation and respect for the planet, we aim to exceed expectations and be rewarded with a smile We will meet our challenging goals by engaging the talent and passion of people, who believe there is always a better way 7

8 Toyota Motor Corporation Toyota vehicle production Toyota today Operating for over 80 years and a global leader in mobility Toyota vehicle sales reached a high of 9.2 million units in 2016 Continued expansion in vehicle manufacturing capabilities Global manufacturing presence and extensive sales network Source: 8 as at June 2017

9 Toyota Motor Corporation Consolidated Financial Results Fiscal Year Ended March 31, (JPY Billions) H1 Net revenues 27, , , ,191.2 Operating income 2, , , ,096.5 Net income 2, , , ,071.3 Source: 9 TMC FY2015, FY2016, FY2017 & FY2018 Q2 Financial Summary

10 Toyota Motor Corporation Consolidated Balance Sheet (JPY Billions) Fiscal Year Ended March 31, H1 Current assets 17, , , ,125.7 Noncurrent finance receivables (net) 9, , , ,563.9 Investment & other assets 11, , , ,179.3 Property, plant & equipment (net) 9, , , ,384.2 Total assets 47, , , ,253.0 Total liabilities 30, , , ,846.8 Total equity* 17, , , ,406.2 Total liabilities & equity 47, , , ,253.0 *Total equity = Total shareholders equity + Mezzanine equity Source: 10 TMC FY2015, FY2016, FY2017 & FY2018 Q2 Financial Summary

11 Toyota Financial Services Global presence Europe/Africa Asia/Pacific Americas 11 Germany United Kingdom (U.K.) Finland Italy Norway France Sweden Poland South Africa Czech Denmark Hungary Spain Slovakia Russia Kazakhstan Portugal Netherlands Australia New Zealand Thailand Malaysia Philippines Taiwan China Korea Indonesia Vietnam India Japan United States of America (U.S.A) Puerto Rico Canada Brazil Venezuela Mexico Argentina

12 Toyota Financial Services Select entities TMC Toyota Motor Corporation TFSC Toyota Financial Services Corporation TFSIC Toyota Financial Services International Corporation TCCI Toyota Credit Canada Inc. TMFNL Toyota Motor Finance Netherlands B.V. TFA Toyota Finance Australia Limited TMCC Toyota Motor Credit Corporation TMCC, TCCI, TMFNL and TFA are named issuers under the 50,000,000,000 Euro Medium Term Note Programme. TMCC, TMFNL and TFA are named issuers under the A$10,000,000 Debt Issuance Programme.

13 Toyota in Australia 13 Toyota Hilux

14 Toyota in Australia Value chain Toyota Motor Corporation Australia Limited Sales, marketing & distribution Manufacturing* & purchasing Product planning & development ONE TOYOTA Toyota Finance Australia Limited Retail and wholesale finance & insurance Fleet management Guest experience Toyota Dealer Network New and used vehicle sales Servicing & repairs Guest experience * Australian 14 Manufacturing operations ceased in October 2017

15 New Vehicle Sales (units) Toyota Motor Corporation Australia Australian market trend Australian vehicle market has shown solid long-term growth 2016 Market an all time record above 1.17 million vehicles sold 2017 YTD performance continue to demonstrate the industry s strength 1,400,000 1,200,000 1,000, K 988K 963K 1,050K 1,012K 937K 1,036K 1,008K 1,112K 1,136K 1,113K 1,155K 1,178K 800, , , , K 382K 609K 379K 598K 364K 637K 413K 415K 597K 397K 541K 443K 592K 449K 559K 535K 577K 570K 566K 582K 531K 640K 516K 486K 692K 376K 609K (YTD) Passenger Commercial Source: 15 Actual and 2017 calendar year-to-date data based on VFACTS Industry Reports to October 2017 published by Federal Chamber of Automotive Industries

16 Units Sold ('000) Toyota Motor Corporation Australia Toyota s market leadership Toyota* remains the market leader in an industry demonstrating long term growth 15 consecutive years as Australia s top selling brand 19.1% YTD Market Share as at October 2017 Australian Vehicle Sales 350 Market Share YTD Toyota* Mazda Hyundai 19.6% Holden Ford Mitsubishi 3.8% Volkswagen 4.5% Nissan 4.7% Kia 4.8% Subaru Honda 4.8% 6.6% Other 6.7% 19.1% 9.9% 8.3% 7.1% Toyota* Mazda Hyundai Holden Ford (YTD) * Toyota includes Toyota and Lexus marques Source: 16 VFACTS Industry Reports to October 2017 published by Federal Chamber of Automotive Industries

17 Toyota Motor Corporation Australia Overview Key Facts Employees 4,129* Net profit after tax $99m Net sales $8.7b Community investment $3.8m Closure of Manufacturing operations Toyota Australia closed the Altona Manufacturing plant in October 2017 Business transition to a sales & distribution company Workforce expected to reduce to approx. 1,300 Vehicles manufactured 87,466 Vehicles sold 209,995** Vehicles exported 55,445 Toyota Australia Production ( ) Camry 2,168,104 Corolla 601,104 Corona 336,197 Aurion 184,180 Other 161,530 Total 3,451,115 The DRIVE program provides employees with information, resources and access to training and further education. It also provides job seeking and preparation support for employment post October Employee career choices include: Transport and warehousing 24% IT and telecommunications 19% Healthcare 18% Property and construction 16% Hospitality and retail 13% Education and training 10% Source: Toyota Sustainability Report 2017 Source: Figures stated are for the period 1 April 2016 to 31 March 2017, except greenhouse gas emissions which is for 1 July 2015 to 30 June 2016 * Full time equivalent including contractors. ** 17 Toyota and Lexus branded vehicles

18 Toyota Motor Corporation Australia Top selling vehicle models TOYOTA CAMRY Australia s best-selling mid-size car for 23 consecutive years 2016 Segment share of 51.8% 2017 YTD Segment Share of 58.3% TOYOTA HILUX Top selling vehicle in Australia in 2016 First time a commercial vehicle secured top seller Australia s best-selling 4WD vehicle for 11 consecutive years TOYOTA COROLLA Top selling vehicle in Australia for the previous 3 years ( ) #2 selling car in Australia in 2016 Best selling passenger vehicle in 2016 Source: 18 VFACTS Industry Reports to October 2017 published by Federal Chamber of Automotive Industries

19 Toyota Motor Corporation Australia New to Australia in 2017 C-HR Manual 2WD C-HR CVT 2WD C-HR CVT AWD Koba 2WD Koba AWD Design Performance Technology Driver-focused cockpit Stylish alloys all around Turns heads Finely-tuned performance Advanced turbo engine Dynamic handling Information at a glance Premium technology is standard 19

20 Toyota Motor Corporation Australia Vehicle innovation Toyota s Global Environment Challenge 2050 is to reduce vehicle CO 2 emissions by 90 per cent by 2050, in comparison with 2010 levels In 2017 Toyota sold its ten millionth hybrid car globally, including 96,822 Toyota and Lexus hybrid vehicles sold in Australia to date (as at 1 April 2017) Toyota Mirai - fuel cell vehicle Powered exclusively by hydrogen Only emits water vapour Cruising range approx. 550kms Sold in Japan, the United States and Europe in areas supported by a refuelling infrastructure Australia does not currently have the infrastructure to support fuel cell vehicles 20 Source: Toyota Sustainability Report 2016 and 2017

21 Toyota Finance Australia Overview Products and Services Business Highlights Retail Finance Fleet Management Established in 1982, TFA is a leading provider of automotive finance and insurance in Australia Consumer Loans Commercial Finance Guaranteed Future Value Finance products Fleet Management Vehicle Maintenance Novated Leasing Salary Packaging TFA is a captive financier with dominant market share that continues to drive strong revenue and vehicle sales Increase in earning assets year on year to over A$16b Pre-tax income averaging A$187m over the past 5 years (1) Dealer Finance Insurance Growing profitability in the Fleet Management segment with a portfolio of over 100,000 vehicles (2) Wholesale Real Estate Working Capital Revolving Credit Lines Comprehensive Extended Warranty Finance Protection Finance Gap Roadside Assistance 21 (1) For the five year period from FY13 through FY17; A$142m + $215m + $198m + $227m + $154m = $936m (2) Australian Fleet Lessor Association as at June 2017

22 Toyota Finance Australia Toyota network in Australia Sales Network 230 Dealers (208 Toyota and 22 Lexus) 307 Physical Dealership sites TMCA HQ, 4 Regional Offices and Toyota WA Toyota Finance Australia Coverage 6 Regional Offices 99% of the Toyota network 100% of the Lexus network 100% of the Hino network Toyota, your essential partner throughout Australia All 22 figures as at November 2017

23 Toyota Finance Australia Asset composition Segment Assets in AUD billions (Net of Provisions) Retail Fleet Other H1 Retail segment is comprised of loans and leases to personal and commercial customers including wholesale finance consisting of loans and bailment facilities to motor vehicle dealerships. Fleet segment is comprised of loans and leases to small business and fleet customers consisting of medium to large commercial clients and government bodies. Source: TFA Annual Financial Reports 2013, 2014, 2015, 2016, 2017 and Interim Financial Statements for the Half Year ending 30 September 2017 Note: 23 Numbers displayed may not add due to rounding.

24 Toyota Finance Australia Products and Services Consumer Fixed rate consumer loan Toyota Access (GFV) Novated lease (1) Commercial Business vehicle loan Toyota Access (GFV) Lease products (1) Wholesale Real estate capital loans Bailment facilities and insurance Working capital Retail segment Overview One of Australia s leading vehicle financiers with 35 years experience Dominant finance provider for both Toyota and Non-Toyota (2) vehicles and Franchises Long standing partnership with the Australian Dealer Network Strong market share and finance penetration Focused on Guest experience and retention Toyota Access 24 Insurance Motor vehicle insurance Extended warranty Finance protection Finance gap Roadside assistance (1) Lease products (Novated Lease, Finance Lease) are administered through Toyota Fleet Management (2) TFA s Power Torque brand was established for non-toyota Franchises in 2008

25 Toyota Finance Australia Products and Services Fleet segment Overview Largest Fleet Management business of the Toyota Group Australia s only end-to-end fleet solution through One Toyota Variety of distribution channels Ongoing development of innovative products such as Forcefield Telematics, Car Sharing and the DriverDirect app Diversified fleet customer portfolio across various industries 25

26 Toyota Finance Australia Financial performance Income Statement* Fiscal Year Ended March 31, A$ millions H1 Financing revenue & similar revenue ,106 1,067 1, Less: Financing expense & similar charges (556) (504) (717) (672) (724) (347) Net Financing revenue Plus: Other income Net Operating income Profit before income tax Net profit after tax * TFA does not hedge account. Changes in the fair value of derivatives are recognized immediately in profit or loss. This may, to the extent that derivatives are not offset by the translation of the items economically hedged, introduce volatility in profit or loss and produce anomalous results Source: TFA Annual Financial Reports 2013, 2014, 2015, 2016, 2017 and Interim Financial Statements for the Half Year ending 30 September

27 Toyota Finance Australia Asset quality Credit Risk Overview 250M 200M 168M Total impairment loss 173M 204M Provision for impairment 194M 190M Credit losses averaging A$56.1m over the past 5 years Provision for impairment established on objective evidence 150M 100M 50M 54M 43M 87M 58M 40M Credit Risk Committee is responsible for risk assessment, ongoing management, collection, enforcement and write-off monies lent by the company 0M Arrears (61-90 days past due exposure) Retail Fleet Arrears (over 90 days past due exposure) Retail Fleet 100M 100M 87M 80M 60M 45M 63M 51M 49M 80M 60M 51M 58M 71M 67M 40M 26M 40M 20M 20M 0M M Arrears measured as amount past due exposure on loans and receivables which includes unimpaired and impaired amounts. Values displayed in AUD millions Source: 27 TFA Annual Financial Reports 2013, 2014, 2015, 2016 and 2017

28 Toyota Finance Australia Credit decisioning & collections TFA has been a leader in automotive industry in application scorecards since 2001 Use of scorecards ensure consistent underwriting produced in the Retail portfolio AML/CTF/PEPS/ Sanctions Fraudcheck Behaviour Score Existing Customers Comprehensive Bureau Tools Application Requesting Finance Credit Decision New Customers Application Score Fraud Score Fleet and Dealer applications assessed by Underwriters with industry expertise Automation of Collections Activities (new collections system implemented in Nov 14) improves efficiency as well as reinforces compliance with guidelines and regulations Continuous optimisation strategies that enable loss mitigation include a risk based collection segmentation model and Champion/Challenger testing 28

29 Toyota Finance Australia Funding overview Overview (1) (2) Total Debt by product in A$m (1)(*) Issuing into domestic and international capital markets Domestic commercial paper 968 Diverse currency mix including: AUD, HKD, USD, GBP, NZD Euro commercial paper US commercial paper 1,456 1,033 Range of tenors to match assets (1 month to 5+ years) Euro medium term note 5,831 Established presence in Uridashi markets Domestic medium term note 1,298 Access to Private Securitisation programs Bank Loans & Other * Securitisation * 2,564 3,146 Frequent Issuer - Capital Markets Issuances (2) A$250m 5yr EMTN Feb-17 A$119m 4yr Uridashi Apr-17 A$300m 5yr DMTN May-17 US$315m 1.5yr EMTN Jun-17 A$250m 1yr DMTN Jul-17 HK$276m 5yr EMTN Aug-17 US$40m 1yr EMTN Oct-17 A$150m 5yr EMTN Nov US$79.5m / A$127.7m 3.5yr Uridashi Mar-17 US$30m / GB 25m 1yr EMTNs Apr-17 US$108.2m / A$95.6m 4yr Uridashi Aug-17 HK$400m 5yr EMTN Oct-17 Ongoing CP issuance * Refers 29 to debt measured as at 31 March All other debt measured as at 30 September Values are displayed in AUD millions. Source (1) : TFA Annual Financial Report 2017 and Interim Financial Statements for the Half Year ending 30 September Source (2) : Bloomberg

30 Toyota Finance Australia Credit Support Agreements Toyota Motor Corporation (TMC) Toyota Financial Services Corporation (TFSC) Toyota Finance Australia Limited (TFA) Securities* issued by TFA (and various other TFSC subsidiaries) have the benefit of a credit support agreement with TFSC TFSC will continue to own 100% of TFA TFSC will cause TFA to maintain a tangible net worth of at least A$150,000 as long as covered securities are outstanding If TFA determines it will be unable to meet its payment obligations on any covered securities, TFSC will make sufficient funds available to TFA to ensure that all payment obligations are paid as due Agreement cannot be terminated until (1) repayment of all outstanding covered securities or (2) each rating agency requested by Toyota to provide a rating has confirmed no change in rating of all such securities TFSC in turn has the benefit of a credit support agreement with TMC Same key features as TFSC/TFA credit support agreement TMC will cause TFSC to maintain a tangible net worth of at least JPY 10 million as long as covered securities are outstanding TFSC s and/or TMC s credit support obligations will rank pari passu with all other senior unsecured debt obligations * Securities 30 defined as outstanding bonds, debentures, notes and other investment securities and commercial paper, but does not include asset-backed securities issued by TFA s securitisation trusts.

31 Toyota Finance Australia Credit ratings Standard & Poor s Moody s Long Term Short Term Long Term Short Term Toyota Motor Corporation AA- A-1+ Aa3 P-1 Toyota Finance Australia Limited AA- A-1+ Aa3 P-1 Outlook Stable Stable Source: 31 Bloomberg Credit Rating Profile as at 20 November 2017.

32 Toyota Finance Australia Funding strengths Exceptional liquidity supported by strong balance sheet Access to US$15b syndicated bank credit facility Diverse and sustainable funding program Diverse Sustainable Maintaining funding diversity via access to domestic and international markets Demonstrated capacity to securitise assets Issuing into strong demand with attractive deals Relationships Responding quickly to opportunities and finesse in execution Identifying & developing new markets and investor relationships Long-term approach to maintaining strong business and stakeholder relationships 32

33 Toyota Finance Australia Liquidity Master Credit Facility (US$15 billion) Access to US$5 billion 364 day syndicated bank credit facility Access to US$5 billion 3 year syndicated bank credit facility Access to US$5 billion 5 year syndicated bank credit facility Commercial Paper Program A-1+ / P-1 rated domestic, euro and US commercial paper programs Resilient Strong Stable Securitisation Program A$1.2 billion of available liquidity from private securitisation programs (1) Cash and Cash Equivalents A$1.3 billion in short-term liquidity and investments (2) Debt Capital Markets & Intercompany Lending Access to various domestic and international capital markets Credit Support Agreements from TMC TFSC - TFA Source: TFA Annual Financial Report 2017, TFA Annual Securities Report 2017 (1) Unutilised limit as at March 31, 2017 (2) 33 Cash and cash equivalents as at March 31, 2017

34 Toyota Finance Australia Investment highlights Strength of One Toyota Established business model and consistent market leader Strategic coordination on a local and global scale Continued financial strength and strong operating performance Ongoing investment in technology, facilities and risk management Part of a world class company and a global leader Operates under the renowned Toyota Way principles Our stakeholder management Focused on guest retention and customer satisfaction Engaged workforce and experienced leadership team Sustainable approach to our stakeholder relations be it our business partners, our communities or our investors 34

35 Contact Website: Toyota Corolla