Your SlideShare is downloading. ×
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Mm presentation 20130205-3
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Mm presentation 20130205-3

120

Published on

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

  • Be the first to like this

No Downloads
Views
Total Views
120
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. 0FY2012 Third Quarter Financial Results Mitsubishi Motors Corporation February 5, 2013
  • 2. 1FY2012 3Q Results Summary (9-month cumulative, vs. FY11 3Q Actual) Increased in profits under harsh operating environment offsetting strong yen, lingering financial issues in Europe, and other negative factors by cost reduction (100 million yen/000 units) FY11 3Q FY12 3Q (Apr-Dec ’11) (Apr-Dec ’12) Change Actual Actual Net Sales 12,931 12,826 -105 Operating Income 385 409 +24 Ordinary Income 289 524 +235 Net Income 136 173 +37 Sales Volume (Retail) 755 724 -31 Sales Volume (Wholesale) 769 804 +35 (OEM, etc) (59) (62) (+3)Note: Sales volume of FY2012 3Q refers to preliminary results.
  • 3. 2 FY2012 3Q Regional Sales Volume (9-month cumulative, vs. FY11 3Q Actual) Japan Japan North America North America Europe Europe Asia & others Asia & others Total Total FY12 3Q Actual vs. FY11 3Q Actual (Cumulative) - 11 - 20 - 39 + 39 - 31 (- 11%) (- 24%) (- 22%) (+ 10%) (- 4%) (000 units, Retail base) 755 724 435 KD & 135 396 PPC (18%) 127 Middle 51 (17%) East & 50 Africa 75 Latin 73 America 174 47 Australia & NZ 50 620 Built-up 597 Russia 135 Vehicles (82%) (83%) & others 68 103 ASEAN 211 92 82 Central 67 145 Canada Europe 21 Minicars 63 & 23 62 52 11 Mexico 21 Western Europe 85 NorthRegistered 40 U.S. 59 57 78 51 Vehicles 40 41 Asia FY11 3Q FY12 3Q FY11 3Q FY12 3Q FY11 3Q FY12 3Q FY11 3Q FY12 3Q FY11 3Q FY12 3Q Actual Actual Actual Actual Actual Actual Actual Actual Actual ActualNote: Sales volume of FY2012 3Q refers to preliminary results.
  • 4. 3Analysis of Operating Income (9-month cumulative, vs. FY11 3Q Actual) (100 million yen) FY11 3Q + 24 FY12 3Q (’11/ 4-12) (’12/ 4-12) Actual ActualBy region:Japan -66North +9 - 225America + 310Europe -21Others +157 + 79 - 62 Sales Others Vol/Mix Expenses - 78 Forex Combined Forex booking rate, impact of raw 409 385 in yen material price FY11 FY12 / cost reduction USD 79 80 EUR 113 101 Main items: AUD 84 82 -Costs on quality measures THB 2.59 2.57 in market -167 -R&D expenses and others - 58
  • 5. 4Ordinary and Net Income (9-month cumulative, vs. FY11 3Q Actual) (100 million yen) FY11 3Q FY12 3Q Change (Apr-Dec’11) (Apr-Dec’12) Actual Actual Operating 385 409 + 24 Income Non-operating - 96 + 115 + 211 Income Ordinary 289 524 + 235 Income Extraordinary Income - 153 - 351 - 198 & Tax Profit on sales of GAC Changfeng Motors stocks :+114 Net Income 136 173 + 37 Loss on sales of NedCar stocks :-243
  • 6. 5Balance Sheet (vs. end of FY2011) (100 million yen) Mar. 2012 Dec. 2012 Change Total Assets 13,213 13,024 - 189 Cash & cash deposits 3,116 3,040 - 76 Accounts receivable 1,462 915 - 547 Inventory 1,875 2,318 + 443 Total Liabilities 10,557 10,023 - 534 Accounts payable 3,174 2,993 - 181 Interest-bearing debt 3,481 3,170 - 311 Net Assets 2,656 3,001 + 345
  • 7. 6 FY2012 Regional Sales Volume Forecast (vs. Oct 30 FY12 Forecast) Japan Japan North America North America Europe Europe Asia & others Asia & others Total Total Feb 5 FY12 Forecast vs. Oct 30 FY12 Forecast - 15 -1 - 15 -3 - 34 (- 9%) (- 1%) (- 8%) ( 0%) (- 3%) (000 units, Retail base) 1,044 1,010 602 599 4Q 286 Plan 2H 164 Plan 566 320 3Q 246 Actual 200 153 185 156 141 110 50 1H 1H 49 4Q 85 478 478 Actual 2HPlan 93 Plan 86 45 Actual 29 3Q 282 282 Actual 43 23 1H 63 1H 19 90 90Actual 63 Actual 43 43 Oct 30 Feb 5 Oct 30 Feb 5 Oct 30 Feb 5 Oct 30 Feb 5 Oct 30 Feb 5 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
  • 8. 7FY2012 Results Forecast Summary (vs. Oct 30 Forecast) Forecasts for net sales and operating income revised due to decrease in wholesale salesvolume and other factors Forecasts for ordinary income and net income remained unchanged as announced on October 30th (100 million yen/000 units) FY12 FY12 【Referense】 Oct 30 Forecast Feb 5 Forecast FY11 ActualNet Sales 18,300 18,100 18,073Operating Income 800 640 637Ordinary Income 620 620 609Net Income 130 130 239Sales Volume (Retail) 1,044 1,010 1,001Sales Volume (Wholesale) 1,128 1,121 1,072 (OEM, etc.) (77) (78) (87) Breakdown of change (vs. Oct 30 forecast) Forex Rate 1H 2H FY12 4Q FY12 ・Vol/Mix - 120 USD: 79 78 79 86 81 ・Sales Expenses - 50 EUR: 101 100 100 115 104 ・Forex + 80 AUD: ・Costs on quality measures 81 80 81 90 84 in market - 150 THB: 2.54 2.65 2.59 3.05 2.69 ・R&D expenses and others + 80
  • 9. 8Summary FY2012 3Q Consolidated Results (9-month cumulative) Increased in profits under harsh operating environment offsetting strong yen, lingering financial issues in Europe, and other negative factors by cost reduction Retail Volume 724,000 units, 4% down YoY Wholesale Volume 804,000 units, 5% up YoY Net Sales 1,282.6 billion yen, 1% down YoY Profit/Loss Operating Income: 40.9 billion yen, up 6% (+2.4 billion yen) (Increased profits by overcoming effect of the strong yen and increases in selling costs by reductions in materials and other costs) Ordinary Income: 52.4 billion yen, up 81% YoY (+23.5 billion yen) Net Income: 17.3 billion yen, up 27% YoY (+3.7 billion yen) FY2012 Full-year Forecasts Forecasts for net sales and operating income revised due to decrease in wholesale sales volume and other factors Forecasts for ordinary income and net income remained unchanged as announced on October 30th Retail Volume 1,010,000 units, 3% down from the previous forecast Wholesale Volume 1,121,000 units, 1% down from the previous forecast Net Sales 1,810.0 billion yen, 1% down from the previous forecast Profit/Loss Operating Income: 64.0 billion yen down 20% (-16.0 billion yen) Ordinary income(62.0 billion yen) and net income(13.0 billion yen) remained unchanged as announced on October 30th
  • 10. 9Additional Information Delica D:5 D-Premium
  • 11. 10 FY2012 3Q Regional Sales Volume (9-month cumulative, vs. FY11 3Q Actual) Japan Japan North America North America Europe Europe Asia & others Asia & others Total Total 《前年同期実績対比増減》 FY12 3Q Actual vs. FY11 3Q Actual (Cumulative) - 11 - 20 - 39 + 39 - 31 (- 11%) (- 24%) (- 22%) (+ 10%) (- 4%) (000 units, Retail base) 755 724 435 396 236 246 3Q 153 127 174 252 135 142 239 2Q 131 103 57 92 45 3Q 31 82 29 21 62 53 44 2Q 38 19 138 140 267 239 1Q 33 30 20 64 1Q 34 30 31 23 46 FY11 3Q FY12 3Q FY11 3Q FY12 3Q FY11 3Q FY12 3Q FY11 3Q FY12 3Q FY11 3Q FY12 3Q Actual Actual Actual Actual Actual Actual Actual Actual Actual ActualNote: Sales volume of FY2012 3Q refers to preliminary results.
  • 12. 11 FY2012 3Q Results Summary (by quarter) (100 million yen/000 units) FY12 1Q FY12 2Q FY12 3Q FY12 3Q (’12/4-6) (’12/7-9) (’12/10-12)   (’12/4-12) cumulative Net Sales 4,193 4,407 4,226 12,826 Operating Income 149 159 101 409 Ordinary Income 142 174 208 524 Net Income 200 101 -128 173 Sales Volume (Retail) 239 239 246 724 Sales Volume (Wholesale) 258 277 269 804  (OEM, etc) (22) (23) (17) (62)Note: Sales volume of FY2012 3Q refers to preliminary results.
  • 13. 12FY2012 3Q Regional Results (9-month cumulative, vs. FY11 3Q Actual) (100 million yen) FY11 3Q FY12 3Q (’11/4-12) (’12/4-12) Change Actual Actual Net Sales 12,931 12,826 -105 Japan 2,510 2,257 -253 North America 1,418 1,124 -294 Europe 3,465 2,982 -483 Asia & Others 5,538 6,463 +925 Operating Income 385 409 +24 Japan -20 -215 -195 North America -209 -178 +31 Europe -114 -125 -11 Asia & Others 728 927 +199
  • 14. 13 FY2012 Regional Sales Volume Forecast (vs. Oct 30 FY12 Forecast) Japan Japan North America North America Europe Europe Asia & others Asia & others Total Total Feb 5 FY12 Forecast vs. Oct 30 FY12 Forecast - 15 -1 - 15 -3 - 34 (- 9%) (- 1%) (- 8%) ( 0%) (- 3%) (000 units, Retail base) 1,044 1,010 KD & 169 170 Middle 602 599 PPC (16%) East & (17%) Africa 74 72 Latin America 92 92 Australia 69 & NZ 65 200 Built-up 875 840 185 Vehicles (84%) (83%) 156 141 Russia 98 ASEAN 293 297 Minicars & others 90 79 77 Canada 86 85 Central 15 & 31 28 Europe 15Registered Mexico Western Vehicles 77 64 57 87 80 North 73 U.S. 55 Europe Asia 74 Oct 30 Feb 5 Oct 30 Feb 5 Oct 30 Feb 5 Oct 30 Feb 5 Oct 30 Feb 5 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 FY12 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
  • 15. 14 FY2012 Regional Sales Volume Forecast (vs. FY11 Actual) Japan Japan North America North America Europe Europe Asia & others Asia & others Total Total Feb 5 FY12 Forecast vs. FY11 Actual - 11 - 21 - 33 + 74 +9 (- 7%) (- 20%) (- 15%) (+ 14%) (+ 1%) (000 units, Retail base) 1,001 1,010 599 KD & 175 170 PPC (17%) (17%) Middle 525 72 East & Africa 66 92 Latin America 93 65 218 Built-up 840 185 Australia 67 Vehicles 826 Russia & NZ (83%) (83%) 152 141 & others 83 106 Central 90 297 Canada 85 Europe 26 ASEAN 200 Minicars 91 77 & 31 15 Mexico 28 Western 109 80 North 99Registered 61 64 U.S. 75 57 Europe Asia 73 Vehicles FY11 Feb 5 FY11 Feb 5 FY11 Feb 5 FY11 Feb 5 FY11 Feb 5 Actual FY12 Actual FY12 Actual FY12 Actual FY12 Actual FY12 Forecast Forecast Forecast Forecast Forecast
  • 16. 15FY2012 Regional Sales Volume Forecast (vs. FY11 Actual) Japan Japan North America North America Europe Europe Asia & others Asia & others Total TotalFeb 5 FY12 Forecast vs. FY11 Actual - 11 - 21 - 33 + 74 +9 (- 7%) (- 20%) (- 15%) (+ 14%) (+ 1%)(000 units, Retail base) 1,001 1,010 599 525 2H 482 532 317 218 256 185 152 141 101 106 95 519 478 1H2H 80 78 85 45 269 282 42 1171H 72 63 61 90 43 FY11 Feb 5 FY11 Feb 5 FY11 Feb 5 FY11 Feb 5 FY11 Feb 5 Actual FY12 Actual FY12 Actual FY12 Actual FY12 Actual FY12 Forecast Forecast Forecast Forecast Forecast
  • 17. 16FY2012 Regional Forecast (vs. FY11 Actual and vs. Oct 30 FY12 Forecast) (100 million yen) FY11 FY12 FY12 Actual Oct 30 Forecast Feb 5 Forecast Net Sales 18,073 18,300 18,100 Japan 3,571 3,600 3,500 North America 1,952 1,500 1,500 Europe 4,748 4,000 3,800 Asia & Others 7,802 9,200 9,300 Operating Income 637 800 640 Japan 68 -50 -190 North America -262 -230 -210 Europe -156 -260 -180 Asia & Others 987 1,340 1,220
  • 18. 17Analysis of Operating Income (FY2012 Forecast vs. FY2011 Actual) (100 million yen) Feb 5 FY11 Actual +3 FY12 ForecastBy region:Japan -50North +20AmericaEurope -20Others +210 +390 +390 - 337 +160 +160 - 150 Vol/Mix Sales - 60 Others Expenses Forex Combined impact of raw Forex booking rate, material price in yen FY11 FY12 / cost reduction 640 637 USD 79 81 Main items: -Costs on quality measures 111 EUR 104 in market - 170 83 AUD 84 -R&D expenses - 120 THB2.59 2.69 -Indirect labor cost and others - 47
  • 19. 18Rollout of the New Plug-in Hybrid EV “Outlander PHEV ”- The Outlander PHEV provides an all-in-one EV/4WD/SUV experience - EV generating its own power Launched in Japan on January 24, 2013 Environmentally-friendly all-electric operation for everyday use and mainly motor-powered hybrid operation for longer journey Outstanding motive performance from its Twin Motor 4WD System Unique functionality made possible by the high-capacity battery, including 100V AC power supply capable of delivering up to 1,500W of electricity as an external power source and Battery Charge Mode which allows the battery to be charged by the engine either when stationary or on the move “Outlander PHEV” G Premium Package
  • 20. The All New Clean Diesel Engine Offered with ”Delica D:5“ 19 First Time for Minivan- Brings together outstanding fuel efficiency of minivan and powerful ride of SUV - Launched in Japan on January 11, 2013 Qualifies for Japan’s “eco-car” incentives and Ministry of Economy, Trade and Industry’s “FY2012 subsidies for measures designed to promote introduction of clean energy vehicles” (up to 140,000 yen) Fuel Efficiency (JC08 mode): 13.6km/L (on par with 2.0L MIVEC engine model (2WD)) MAX Torque: 360N・m (36.7kg・m)/ 1,500-2,750rpm (approx. 1.6 times larger than 2.4L MIVEC engine model (4WD)) “Delica D:5” D-Premium 4WD 2.2L Common Rail DI-D Clean Diesel Engine
  • 21. 20Introduction of “MINICAB-MiEV TRUCK”- The third next generation all-new EV following i-MiEV and MINICAB-MiEV VAN - Launched in Japan on January 17, 2013 Qualifies for Japan’s “eco-car” incentives and Ministry of Economy, Trade and Industry’s “FY2012 subsidies for measures designed to promote introduction of clean energy vehicles” (up to 460,000 yen) High environmental performance; “zero emission,” drive in all-electric and emits no CO2 or other exhaust, outstanding motive performance; powerful yet smooth drive even when loaded with cargo, and inherent of EV for not carrying an engine; quietness, smooth ride, and economical benefits Provides loading performance on par with the MINICAB Truck base vehicle (luggage space and loading capacity) “MINICAB-MiEV TRUCK”
  • 22. 21Rollout for Electric-powered Models FY2009 FY2010 FY2011 FY2012 Fleet Sales From Jul. 2009 Sales to Individuals From Apr. 2010 Roll out of G and M trim levels i-MiEV From Jul. 2011 『MINICAB-MiEV TRUCK』Japan MINICAB-MiEV Mini commercial EV From Dec. 2011 Mini-truck Outlander PHEV From Jan. 2013 EV From Jan. 2013 PHEV Units Sold : 1.4K Units Sold : 2.6K Units Sold : 5K RHD vehicles (Hong Kong, England, etc.) From Fall 2009 Europe (LHD markets incl.) / OEM to PSA Peugeot CitroënOverseas From Oct. 2010 N. America From Nov. 2011 i-MiEV for Europe Units Sold : 0.2K Units Sold : 5.6K Units Sold : 11K i-MiEV for North America
  • 23. 22All statements herein, other than historical facts, contain forward-lookingstatements and are based on MMC’s current forecasts, expectations, targets, plans,and evaluations. Any forecasted value is calculated or obtained based on certainassumptions. Forward-looking statements involve inherent risks and uncertainties.A number of significant factors could therefore cause actual results to differ fromthose 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 underany obligation to update the information in this presentation to reflect anydevelopments or events in the future.If you are interested in investing in Mitsubishi Motors, you are requested to make afinal investment decision at your own risk, taking the foregoing into consideration.Please note that neither Mitsubishi Motors nor any third party providing informationshall be responsible for any damage you may suffer due to investment in MitsubishiMotors based on the information shown in this presentation.

×