12 09-12 nissan results-q2-3

281 views
214 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
281
On SlideShare
0
From Embeds
0
Number of Embeds
45
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

12 09-12 nissan results-q2-3

  1. 1. FY2012 first-half financial results Nissan Motor Co., LTD. November 6, 2012 www.nissan-global.com Key performance indicators: financial results(billion yen) Net revenue Operating Net income Free cash flow Net cash profit (Auto) (Auto) 4,546.84,367.4 309.7 287.0 442.0 320.4 183.4 178.3 160.4 -70.6 FY11 FY12 FY11 FY12 FY11 FY12 FY11 FY12 FY11 FY12 1H 1H 1H 1H 1H 1H 1H 1H 1H 1H (C) Copyright NISSAN MOTOR CO., LTD. 2 www.nissan-global.com 2012 All rights reserved.
  2. 2. POWER POWER Brand & sales 8 Global market 8 share by FY16 Sustainable COP power (%) (%) (C) Copyright NISSAN MOTOR CO., LTD. 3 www.nissan-global.com 2012 All rights reserved.FY12 Business updateFY12 1st half sales performanceFY12 1st half consolidated financial performanceFY12 Outlook (C) Copyright NISSAN MOTOR CO., LTD. 4 www.nissan-global.com 2012 All rights reserved.
  3. 3. FY12 business update Improved ranking (C) Copyright NISSAN MOTOR CO., LTD. 5 www.nissan-global.com 2012 All rights reserved.FY12 business update New car launches in Japan Note Latio (launched in 2H) CIMA NV350 Caravan (C) Copyright NISSAN MOTOR CO., LTD. 6 www.nissan-global.com 2012 All rights reserved.
  4. 4. FY12 business update New car launches in US Pathfinder and Sentra (launched in 2H) Altima (C) Copyright NISSAN MOTOR CO., LTD. 7 www.nissan-global.com 2012 All rights reserved.FY12 business update New car launches in Asia Sylphy Infiniti M LWB Sylphy (launched in 2H) Venucia D50 Venucia R50 (launched in 2H) Evalia (C) Copyright NISSAN MOTOR CO., LTD. 8 www.nissan-global.com 2012 All rights reserved.
  5. 5. FY12 business update New technologiesAutonomous Emergency Steering SystemAutonomous Emergency Steering System Next Generation Steering Technology Next Generation Steering Technology (C) Copyright NISSAN MOTOR CO., LTD. 9 www.nissan-global.com 2012 All rights reserved.FY12 business update Holistic approach to the environment Electric Vehicle Fuel Cell Vehicle Super Charger Engine Hybrids (C) Copyright NISSAN MOTOR CO., LTD. 10 www.nissan-global.com 2012 All rights reserved.
  6. 6. FY12 business update China demonstration impact Monitor situation closely Normalize operations as soon as possible Plant operations • Sep : Closed 5 days from 17th to 18th and 27th to 29th • Oct : Resumed operations under 1 shift Sales • Started “Dongfeng Nissan’s Promise for Car Security” program • Oct : Sales 64.3 k units, down 40.7% (C) Copyright NISSAN MOTOR CO., LTD. 11 www.nissan-global.com 2012 All rights reserved.FY12 business update China demonstration impactShowroom traffic comparison vs. last year (Nissan PV) September October (C) Copyright NISSAN MOTOR CO., LTD. 12 www.nissan-global.com 2012 All rights reserved.
  7. 7. FY12 business update Alliance and strategic cooperation update Leverage available capacity Expand scope of collaboration (C) Copyright NISSAN MOTOR CO., LTD. 13 www.nissan-global.com 2012 All rights reserved. FY12 Business update FY12 1st half sales performance FY12 1st half consolidated financial performance FY12 Outlook (C) Copyright NISSAN MOTOR CO., LTD. 14 www.nissan-global.com 2012 All rights reserved.
  8. 8. FY12 1st half sales performance : Global TIV* Retail volume vs. FY11 **M/S 6.2% vs. FY11 **M/S 6.0% 40.10 Global +7.4% 2,476 Global +11.3% 37.35 2,225 2.59 Japan +33.5% 304 Japan +7.5% 9.01 China +5.2% 678 China +14.0% 8.85 North +13.8% (thousand units) America(million units) (7.43) (US) (+15.1%) North 703 +9.4% (544) America (US) (+11.3%) 8.93 Europe -4.5% 328 Europe -3.2% 10.72 Others +10.2% 463 Others +26.4% FY11 FY12 FY11 FY12 1H 1H 1H 1H *Nissan’s estimation ** Market Share (C) Copyright NISSAN MOTOR CO., LTD. 15 www.nissan-global.com 2012 All rights reserved. FY12 1st half sales performance : Japan Retail volume TIV: 2.59 million units, +33.5% (thousand units) +7.5% Sales: 304 k units, +7.5%, thanks to 304 Serena and Note 283 Market share: 11.7%, -2.9 points FY11 FY12 1H 1H Market share -2.9 points Serena Note 14.6 (%) 11.7 FY11 FY12 1H 1H (C) Copyright NISSAN MOTOR CO., LTD. 16 www.nissan-global.com 2012 All rights reserved.
  9. 9. FY12 1st half sales performance : China (Jan. to Jun.) Retail volume FY12 1H (Jan. to Jun.) +14% • TIV* : 9.01 million units, +5.2% (thousand units) 678 • Sales: 678 k units, +14% 595 • Market share: 7.5%, +0.6 points, thanks to Tiida, Sunny and Qashqai FY11 FY12 FY12 3Q (Jul. to Sep.) 1H 1H • Sales: 269 k units, -13.8% Market share (Impact of demonstration from mid-September) +0.6 points • Market share: 6.3%, -1.5 points 7.5 Tiida Sunny (%) 6.9 FY11 FY12 1H 1H *TIV for China : Passenger and LCV only (C) Copyright NISSAN MOTOR CO., LTD. 17 www.nissan-global.com 2012 All rights reserved.FY12 1st half sales performance : North America US US Retail volume • TIV: 7.43 million units, +15.1% +11.3% (thousand units) • Sales: 544 k units, +11.3% thanks to Rogue and Versa 544 489 • Market share: 7.3%, -0.3 points Canada • Sales: 44 k units, -7.4% FY11 FY12 • Market share: 4.6%, -0.7 points 1H 1H Mexico US Market share • Sales: 115 k units, +8.3% • Market share: 24.5%, -0.5 points -0.3 points 7.6 Altima (%) Rogue 7.3 FY11 FY12 1H 1H (C) Copyright NISSAN MOTOR CO., LTD. 18 www.nissan-global.com 2012 All rights reserved.
  10. 10. FY12 1st half sales performance : Europe Retail volume TIV: 8.93 million units, -4.5% -3.2% Europe excluding Russia: (thousand units) 247 k units, -8.5% 339 328 Russia: 81 k units, +17.3% Market share: FY11 FY12 FY11 FY12 1H 1H 1H 1H Russia 4.9% 5.1% Market share +0.1 point Europe excl. Russia 3.4% 3.4% 3.6 3.7 Qashqai Juke (%) FY11 FY12 1H 1H (C) Copyright NISSAN MOTOR CO., LTD. 19 www.nissan-global.com 2012 All rights reserved.FY12 1st half sales performance : Other markets Asia & Oceania: 202 k units, +27.9% • Thailand: 52.6 k units, +49.8% Retail volume • Indonesia: 35.4 k units, +29.2% • India: 21.3 k units, +139.5% (thousand units) +26.4% Latin America: 121.2 k units, +23.3% 463 154 366 • Brazil: 57.3 k units, +95.7% Middle East : 87.6 k units, +34.9% FY11 FY12 1H 1H V-platform series (C) Copyright NISSAN MOTOR CO., LTD. 20 www.nissan-global.com 2012 All rights reserved.
  11. 11. FY12 Business update FY12 1st half sales performance FY12 1st half consolidated financial performance FY12 Outlook (C) Copyright NISSAN MOTOR CO., LTD. 21 www.nissan-global.com 2012 All rights reserved.FY12 1st half financial performance(billion yen) FY11 FY12 Variance Change 1H 1H vs. FY11 (%)Net revenue 4,367.4 4,546.8 +179.4 +4.1%Operating profit 309.7 287.0 -22.7 -7.3% OP margin 7.1% 6.3% Non-operating -14.3 -11.4Ordinary profit 295.4 275.6 -19.8 -6.7% Extraordinary -18.7 -3.1Profit before tax 276.7 272.5 -4.2 -1.5% Taxes -78.2 -76.7 Effective tax rate 28.3% 28.1% Minority interest -15.1 -17.5Net income 183.4 178.3 -5.1 -2.8% FX rate 79.8 JPY/USD 79.4 JPY/USD -0.4 JPY/USD 113.7 JPY/EUR 100.5 JPY/EUR -13.2 JPY/EUR (C) Copyright NISSAN MOTOR CO., LTD. 22 www.nissan-global.com 2012 All rights reserved.
  12. 12. FY12 1st half financial performance Operating profit variance analysis (billion yen) +89.6 +100.0 309.7 -73.8 287.0 -38.9 -5.1 -42.9 -34.9 -16.7 FY11 FOREX Raw Purch. cost Volume Selling R&D Sales Other FY12 1H material / reduction / mix exp. exp. finance items 1H O.P. energy O.P. cost2Q only 159.3 -9.2 +1.9 +46.0 +36.2 +2.6 -20.1 -5.1 -45.2 166.4 (C) Copyright NISSAN MOTOR CO., LTD. 23 www.nissan-global.com 2012 All rights reserved. Net Cash (Auto business) (billion yen) 600 619.8 509.2 400 442.0 357.2 293.3 314.8 320.4 200 69.3 42.9 0 442.0 bil JPY → 477.0 bil JPY* *Based on FX rates as of 3/31/2012 : USD : 82.2 EUR : 109.8 -200 2010 2011 2012 Sep Dec Mar Jun Sep Dec Mar Jun SepFX: JPY/USD 83.8 81.5 83.2 80.7 76.7 77.7 82.2 79.3 77.6End of month (C) Copyright NISSAN MOTOR CO., LTD. 24 www.nissan-global.com 2012 All rights reserved.
  13. 13. FY12 Business update FY12 1st half sales performance FY12 1st half consolidated financial performance FY12 Outlook (C) Copyright NISSAN MOTOR CO., LTD. 25 www.nissan-global.com 2012 All rights reserved.FY12 outlook (Revised on Nov 6th) Retail volume assumption vs FY12 previous 5,350 vs FY11 outlook 5,080 Global +4.9% -5.0% 690 4,845 680 Japan +3.8% -1.4% 1,350 1,175 China -5.8% -13.0% (thousand units) North +6.5% -1.6% 1,520 1,495 America (1,200) (1,175) (+8.8%) (-2.1%) (US) 720 680 Europe -4.7% -5.6% 1,070 1,050 Others +27.2% -1.9% FY12 FY12 FY11 previous * revised outlook outlook *Previous outlook on May 11, 2012 (C) Copyright NISSAN MOTOR CO., LTD. 26 www.nissan-global.com 2012 All rights reserved.
  14. 14. FY12 outlook (Revised on Nov 6th) FY11 (Previous) (Revised) vs. Previous vs. FY11(billion yen) (Actual) May 11, 2012 Nov. 6, 2012 outlook (A) (B) (C) (C)-(A) (C)-(B)Net revenue 9,409.0 10,300.0 9,815.0 +406.0 -485.0Operating profit 545.8 700.0 575.0 +29.2 -125.0 OP margin 5.8% 6.8% 5.9% +0.1% -0.9%Ordinary profit 535.1 680.0 545.0 +9.9 -135.0Net income 341.4 400.0 320.0 -21.4 -80.0 Net income ratio 3.6% 3.9% 3.3% -0.3% -0.6%CAPEX 406.4 550.0 520.0 +113.6 -30.0 sales ratio 4.3% 5.3% 5.3% +1.0% 0.0%R&D 428.0 485.0 467.0 +39.0 -18.0 sales ratio 4.5% 4.7% 4.8% +0.3% +0.1% 79.7FX rate (JPY/USD) 79.1 82.0 (2H : 80.0) +0.6 -2.3assumptions 101.8 (JPY/EUR) 109.0 105.0 (2H : 103.0) -7.2 -3.2 (C) Copyright NISSAN MOTOR CO., LTD. 27 www.nissan-global.com 2012 All rights reserved.FY12 outlook (Revised on Nov 6th) Operating profit variance analysisFY11 Actual vs. FY12 revised outlook (billion yen) +36.2 +11.0 575.0 545.8 -18.0 FY11 FOREX Volume / Costs FY12 Actual mix and Revised O.P. others outlook O.P. (C) Copyright NISSAN MOTOR CO., LTD. 28 www.nissan-global.com 2012 All rights reserved.
  15. 15. FY12 outlook (Revised on Nov 6th) Operating profit variance analysis (billion yen) FY12 previous outlook vs. FY12 revised outlook 700.0 +99.0 575.0 -60.0 -164.0 FY12 * FOREX Volume / Costs FY12 Previous mix and Revised outlook others outlook O.P. O.P. * Previous outlook on May 11, 2012 (C) Copyright NISSAN MOTOR CO., LTD. 29 www.nissan-global.com 2012 All rights reserved.FY12 outlook (Revised on Nov 6th) Operating profit variance analysis (billion yen)FY11 2H actual vs. FY12 2H outlook +113.6 +16.9 288.0 236.1 -78.6 FY11 FOREX Volume / Costs FY12 2H Actual mix and Revised O.P. others outlook 2H O.P. (C) Copyright NISSAN MOTOR CO., LTD. 30 www.nissan-global.com 2012 All rights reserved.
  16. 16. FY12 shareholder return outlook 25 dividend per share (yen) 20 2H 12.5 10 1H 12.5 FY10 FY11 FY12 (C) Copyright NISSAN MOTOR CO., LTD. 31 www.nissan-global.com 2012 All rights reserved.FY12 challenges and opportunitiesChallenges Strong yen Japan – China political issue Weak European marketOpportunities New product launches Pace of recovery in China (C) Copyright NISSAN MOTOR CO., LTD. 32 www.nissan-global.com 2012 All rights reserved.
  17. 17. (C) Copyright NISSAN MOTOR CO., LTD.33 www.nissan-global.com 2012 All rights reserved.

×