FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS

Transcription

1 FISCAL YEAR MARCH 215 THIRD QUARTER FINANCIAL RESULTS Mazda Motor Corporation February 4, 215 Updated Mazda CX-5 (Japanese specification model) 1 PRESENTATION OUTLINE Highlights Fiscal Year March 215 Nine Month Results Fiscal Year March 215 Forecast Summary 2

2 HIGHLIGHTS 3 HIGHLIGHTS (1) NINE MONTH RESULTS Global sales volume was 1,3, units, up 5% from the prior year Revenue was 2,193.6 billion. Operating profit was 152. billion. Net income was billion Started production of the new Mazda2/Demio simultaneously at three factories in Hofu, Thailand, and Mexico. Market introductions began from Japan and Australia Following the start of two-shift operations at Mexico plant, the engine machining factory began operations in October 4

3 HIGHLIGHTS (2) FULL YEAR FORECAST Forecast global sales volume of 1.4 million units, up 5% from the prior year Full year profit forecast remains unchanged: Operating profit of 21 billion and net income of 16 billion Significant updates to CX-5 and Mazda6/Atenza enhance product appeal Global launches of new compact crossover SUV, Mazda CX-3, start from Japan Establishment of global production footprint is on track; production started at new automatic transmission plant in Thailand in January as scheduled, and construction of new engine plant was announced 5 FISCAL YEAR MARCH 215 NINE MONTH RESULTS 6

4 GLOBAL SALES VOLUME 7 FY MARCH 215 FINANCIAL METRICS * Calculated as if shares were consolidated at the beginning of the prior fiscal year for purposes of comparison. 8

5 JAPAN Sales were down 12% yearon-year to 143, units () (12)% New Demio Nine Month Sales Volume 143 FY March 214 FY March 215 Third quarter sales turned around and rose 2% over the prior year with strong sales of new Demio Sales set to increase from the fourth quarter with the introduction of updated Atenza and CX-5, and new compact crossover SUV, Mazda CX-3 9 () NORTH AMERICA Mazda6 (North American model) Nine Month Sales Volume 11% Canada & others 83 USA 26 Canada & others 92 USA 228 FY March 214 FY March 215 Sales rose 11% year-onyear to 32, units USA: 228, units, up 11% year-on-year - Non-fleet sales of CX-5, Mazda6 and Mazda3 grew despite continued tough competition - Continued policy of right-price sales Mexico: 33, units, up 23% year-on-year - Achieved record-high sales 1

6 EUROPE 5 Sales rose 16% year-on year to 167, units CX-5 sales remained strong; and Mazda3 Mazda3 (European model) significantly contributed to Nine Month Sales Volume () higher sales 16% 167 Sales in Europe remained strong, significantly outperforming growth in 1 overall demand - Germany: Up 14% to 37, units - UK: Up 14% to 25, units FY March 214 FY March CHINA Sales rose 1% year-on year to 156, units CX-5 (Chinese model) Nine Month Sales Volume () 1% 156 SKYACTIV models such as new Mazda3, new Mazda6, and CX-5 saw strong sales Calendar year sales grew 13% from the prior year, achieving year-on-year sales growth for the first time in four years FY March 214 FY March

7 () 2 1 OTHER MARKETS 217 % 217 Other 83 Other 88 Australia 76 ASEAN 58 Australia 73 ASEAN 56 Sales were 217, units Australia: Sales were down 5% year-on-year to 73, units due to weak demand - CX-5 remained the top seller in its segment - Remained the third best-selling Mazda3 (Australian model) brand in CY214 Nine Month Sales Volume FY March 214 FY March 215 ASEAN: Sales fell by 3% year-onyear to 56, units, mainly due to lower demand in Thailand - Thailand: SKYACTIV models saw strong sales. Sales to increase in the fourth quarter with introduction of new Mazda2 - Sales were strong in Malaysia (up 33%) and Vietnam (up 116%) OPERATING PROFIT CHANGE FY March 215 Nine Month vs. FY March 214 Nine Month (Billion yen) Sales increase and mix improvement of SKYACTIV models FY March Volume & Mix Exchange US Dollar Euro Other Cost Improvement Marketing Expense (11.9) Other (32.2) R&D cost, fixed costs for Mexico plant, etc. Improvement (Deterioration) FY March Change from Prior Year

8 FISCAL YEAR MARCH 215 FORECAST 15 GLOBAL SALES VOLUME 16

9 FY MARCH 215 FINANCIAL METRICS * Calculated as if shares were consolidated at the beginning of the prior fiscal year for purposes of comparison OPERATING PROFIT CHANGE FY March 215 Full Year vs. FY March 214 Full Year (Billion yen) Sales increase and mix improvement of SKYACTIV models FY March Volume & Mix Cost Improvement Marketing Expense Exchange US Dollar Euro Other (5.5) (15.) Other (42.8) Improvement (Deterioration) FY March Increased R&D investment and fixed costs for Mexico Plant, etc. Change from Prior Year

10 EXPANSION AND EVOLUTION OF SKYACTIV LINE-UP New Mazda2/Demio Simultaneous launch at three factories in Hofu, Thailand, and Mexico Sales are strong with diesel engine accounting for over 6% High acclaim for the product and technology; Japan Car Of The Year, Good Design Award, Golden Steering Wheel Award, Eco Products Award Mazda6/Atenza, CX-5 Significantly updated for added depth and maturity - Evolution of i-activsense - Enhanced quality and comfort - Refined design Awarded 215 Top Safety Pick+ by USA s IIHS Atenza Interior Adoptive LED Headlight (ALH) Updated Atenza (Japanese specification) 19 EXPANSION AND EVOLUTION OF SKYACTIV LINE-UP New Compact Crossover SUV - Mazda CX-3 New core product introduced to fast-growing compact SUV market Production began at Hiroshima Plant in December, global launches start from late February Forecasting sales of 15, units per year New CX-3 New CX-3 2

11 ESTABLISH GLOBAL PRODUCTION FOOTPRINT Mexico Plant Production output is increasing as planned - 1, units produced in 11 months since operations began - In October, production of new Mazda2 began and engine machining factory started operations - Increase production capacity to 25, units by end of FY March 216 Thailand Plant New automatic transmission plant started operations in January, annual production capacity is 4, units Announced construction of new engine plant, will produce SKYACTIV-D 1.5 starting third quarter of FY March SUMMARY 22

12 SUMMARY Nine Month Results Sales of SKYACTIV models stayed strong in global markets. Global sales volume was 1,3, units, up 5% from the prior year Operating profit was 152. billion and net income was billion, progressing as planned Full Year Forecast Forecast global sales volume of 1.4 million units, up 5% from the prior year Profit forecast remains unchanged: Operating profit of 21 billion and net income of 16 billion Launches of new compact crossover SUV, Mazda CX-3, start from Japan Establishment of global production footprint is on track; production started at new automatic transmission plant in Thailand in January as scheduled, and construction of new engine plant was announced 23 24

13 APPENDIX 25 CASH FLOW AND NET DEBT *Reflecting equity credit attributes of the subordinated loan. 26

14 REVENUE BY PRODUCT (Billion yen) 6 Other Europe North America Japan Q 2Q 3Q 4Q 1Q 2Q 3Q FY March 214 FY March REVENUE BY PRODUCT (Billion yen) 6 Other Parts Vehicles/ Parts for overseas production Q 2Q 3Q 4Q 1Q 2Q 3Q FY March 214 FY March

15 REVENUE CHANGE FY March 215 Nine Month vs. FY March 214 Nine Month 15% (Billion yen) FY March 215 2,193.6 FY March 214 1,94.2 Japan (3)% Overseas 12% 1% 13% 9% 5% 4% % Total Volume & Mix Exchange 29 REVENUE CHANGE FY March 215 Third Quarter vs. FY March 214 Third Quarter 1% (Billion yen) FY March FY March Japan % Overseas 3% 8% 5% 5% 3% % Total Volume & Mix Exchange 3

16 FY MARCH 215 FINANCIAL METRICS * Calculated as if shares were consolidated at the beginning of the prior fiscal year for purposes of comparison. 31 GLOBAL SALES VOLUME AND CONSOLIDATED WHOLESALES 32

17 OPERATING PROFIT CHANGE FY March 215 Third Quarter vs. FY March 214 Third Quarter Improvement (Billion yen) (Deterioration) 75 5 Cost Improvement Exchange Marketing FY March Volume & Expense Other FY March Mix (1.) (1.2) Change from Prior Year (2.6) 33 OPERATING PROFIT CHANGE (Billion yen) FY March 215 Full Year vs. October Forecast Improvement (Deterioration) 25 October Forecast 21. Volume & Mix Exchange + 9. Cost Improvement Marketing Expense +. Other February Forecast (5.9) (4.7) 15 1 Change from October Forecast +. 34

18 GLOBAL SALES VOLUME AND CONSOLIDATED WHOLESALES * Volume for FY March 215 Full Year is forecast 35 KEY DATA (Billion yen) 15 Full Year Nine Month Full Year Nine Month Full Year Nine Month FY3/14 FY3/15 FY3/14 FY3/15 FY3/14 FY3/15 Capital Spending Depreciation R&D cost * Data for FY March 215 Full Year are forecast 36

19 DIVIDEND AND SHARES Dividend Forecast FY March 215 year-end dividend 1 * per share (Plan) * After share consolidation Work to provide stable and steadily increasing dividends Consolidation of shares and change in the number of shares per share unit (Effective date was August 1, 214) Consolidated 5 common shares into 1 share Changed the number of shares per share unit from 1, shares to 1 shares 37 DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including without limitation the conditions of the world economy in the future, the trend of the automotive industry and the risk of exchange-rate fluctuations. So, please be aware that Mazda's actual performance may differ substantially from the projections. If you are interested in investing in Mazda, you are requested to make a final investment decision at your own risk, taking the foregoing into consideration. Please note that neither Mazda nor any third party providing information shall be responsible for any damage you may suffer due to investment in Mazda based on the information shown in this presentation. 38