New mid-term plan & Fiscal year 2007 financial results

Transcription

1 New mid-term plan & Fiscal year 27 financial results May 13, 28 Carlos Ghosn President & CEO 1 New mid-term plan & FY7 financial results FY7 financial results key highlights Net revenue (billion yen) COP (billion yen) Net income (billion yen) 9, % 1, % % FY6 FY7 FY6 FY7 FY6 FY7 * FY6 results exclude Q5 for apple-to-apple comparison 2 New mid-term plan & FY7 financial results

2 FY7 performance FY8 outlook NISSAN Value-Up review New mid-term plan 3 New mid-term plan & FY7 financial results FY7 global product launches 4 New mid-term plan & FY7 financial results

3 FY7 sales performance Global retail sales (thousand units) 4, 3,5 3, 2,5 2, 2,53 2,633 2,597 2,771 3,57 3,389 3,569 3,483 3, % FY99 FY FY1 FY2 FY3 FY4 FY5 FY6 FY7 NRP NISSAN 18 NISSAN Value-Up 5 New mid-term plan & FY7 financial results FY7 sales performance Retail sales by region: Japan % GT-R X-TRAIL (thousand units) 4 Serena Note 2 TIV: 5.32 million units (-5.3%) Nissan share: 13.6% (+.4points) FY6 FY7 6 New mid-term plan & FY7 financial results

4 FY7 sales performance Retail sales by region: U.S. 1,2 Altima Infiniti EX 1, 1,35 1,59 +3.%* G35 Sedan Versa (thousand units) G37 Coupe Rogue 2 FY6 FY7 TIV: 15.8 million units (-3.5%*) Nissan share: 6.7% (+.4 points) *adjusted to daily selling rates(dsr) 7 New mid-term plan & FY7 financial results FY7 sales performance Retail sales by region: Europe QASHQAI (thousand units) % X-TRAIL 2 FY6 FY7 TIV*: 21.9 million units (+6.1%) Nissan share*: 2.9% (+.3 points) * Nissan estimated 8 New mid-term plan & FY7 financial results

5 FY7 sales performance Retail sales by region: General Overseas Markets 1,2 First time to hit 1-million mark (thousand units) 1, , % Livina 4 2 FY6 FY7 9 New mid-term plan & FY7 financial results FY7 sales performance Retail sales by region: General Overseas Markets 6 (thousand units) % % PV +26.% LCV FY6 FY7 Middle East FY6 China FY7 1 New mid-term plan & FY7 financial results

6 FY7 technology advancements 1 all-new technologies 1 NAVI-ICC Intelligent Pedal LDP VVEL Around View Monitor Dual clutch transmission Full Speed Range ICC Pop Up Engine Hood On-board eco driving service Premium Midship package # of innovative car technologies FY New mid-term plan & FY7 financial results FY7 technology advancements Gasoline Engine Technology: VVEL * Contributes to a 1% reduction in CO2 emissions, improves torque output by 1% VVEL * VVEL = variable valve event and lift 12 New mid-term plan & FY7 financial results

7 FY7 technology advancements Pop Up Engine Hood Before actuator operates After actuator operates 13 New mid-term plan & FY7 financial results FY7 technology advancements Around View Monitor Monitor display (example) 14 New mid-term plan & FY7 financial results

8 FY7 technology advancements Lane Departure Prevention System control Warning! 15 New mid-term plan & FY7 financial results FY7 financial performance (billion yen) FY6 (Published) (A) FY6 (Excl. 5Q)* (B) FY7 (B)/(A) Variance Consolidated net revenue 1, ,71. 1, % Consolidated operating profit % Operating profit margin 7.4% 7.8% 7.3% -.5points Net income % Net cash FOREX Rate 117. JPY/USD JPY/EUR 117. JPY/USD JPY/EUR JPY/USD JPY/EUR * Reference 16 New mid-term plan & FY7 financial results

9 FY7 dividend policy Dividend per share / yen FY99 FY FY1 FY2 FY3 FY4 FY5 FY6 FY7 NRP NISSAN 18 NISSAN Value-Up 17 New mid-term plan & FY7 financial results FY7 performance FY8 outlook NISSAN Value-Up review New mid-term plan 18 New mid-term plan & FY7 financial results

10 FY8 outlook Global retail sales objective 4, 3,5 3,389 3,569 3,483 3,77 3,9 +3.5% (thousand units) 3, 2,5 2, FY4 FY5 FY6 FY7 FY8 19 New mid-term plan & FY7 financial results FY8 all-new product launches 9 all-new global launches Teana Murano GT-R 37Z Europe QASHQAI+2 G37 G37 Coupe EX FX All-new global launches Regional launches Japan Mini SUV Cube Fairlady Z Teana Murano General Overseas Markets Bakkie successor Murano X-TRAIL Grand Livina North America FX Maxima G37 Convertible 37Z GT-R 2 New mid-term plan & FY7 financial results

11 Risks and opportunities Opportunities + Product launches + TIV growth in emerging markets + LCV growth + Infiniti global expansion + LCC utilization (parts and services) + Expansion of alliance with AvtoVAZ Risks Model mix deterioration TIV decline in mature markets Commodity and energy prices FOREX 21 New mid-term plan & FY7 financial results FY8 outlook (billion yen) FY7 FY8 *1 Consolidated net revenue 1, ,35. Consolidated operating profit Ordinary profit Net income R&D sales ratio % % CAPEX sales ratio 4.% 4.5% *2 FX rate assumption JPY/USD 1. JPY/USD *1 Forecast *2 Incl. vendor tooling from FY8 (6. billion yen in FY8) 22 New mid-term plan & FY7 financial results

12 FY7 performance FY8 outlook NISSAN Value-Up review New mid-term plan 23 New mid-term plan & FY7 financial results NISSAN Value-Up commitments Profit commitment Top level operating profit margin among global automakers in FY New mid-term plan & FY7 financial results

13 NISSAN Value-Up commitments Profit commitment Top level operating profit margin among global automakers in FY5-7 Volume commitment 4.2 million sales in FY8 FY9 25 New mid-term plan & FY7 financial results NISSAN Value-Up commitments Profit commitment Top level operating profit margin among global automakers in FY5-7 Volume commitment 4.2 million sales in FY8 FY9 Return on invested capital 2% average ROIC over the plan 17% average ROIC achieved Top level among global automakers 26 New mid-term plan & FY7 financial results

14 FY7 performance FY8 outlook NISSAN Value-Up review New mid-term plan 27 New mid-term plan & FY7 financial results Revenue growth evolution Consolidated net revenue 12, 1,824 (billion yen) 1, 8, 6, 5,977 6,9 6,196 6,829 7,429 8,577 9,428 1,469 75% 4, FY99 FY FY1 FY2 FY3 FY4 FY5 FY6 FY7 NRP NISSAN 18 NISSAN Value-Up 28 New mid-term plan & FY7 financial results

15 Sales volume evolution Global retail sales (thousand units) 4, 3,5 3, 2,5 2,53 2,633 2,597 2,771 3,57 3,389 3,569 3,483 3,77 45% 2, FY99 FY FY1 FY2 FY3 FY4 FY5 FY6 FY7 NRP NISSAN 18 NISSAN Value-Up 29 New mid-term plan & FY7 financial results 3 New mid-term plan & FY7 financial results

16 NISSAN GT 212 Revive our company Complete revival on track for profitable growth Value up with sustained performance Growth and trust FY FY1 FY2 FY3 FY4 FY5 FY6 FY7 FY8 FY9 FY1 FY11 FY12 NRP NISSAN 18 NISSAN Value-Up NISSAN GT New mid-term plan & FY7 financial results NISSAN GT 212 commitments Quality leadership In products, services, brands and management 32 New mid-term plan & FY7 financial results

17 Quality leadership Perceived Quality & Attractiveness Product Quality No. 1 position in 5+% of all segments Quality leadership Top level in all Most Influential Indicators Sales & Service Quality Top level CS in Japan, U.S., Europe & 4 main regions Quality of Management Top level industry norm 33 New mid-term plan & FY7 financial results Quality leadership Influential external indicators Great Britain: What Car? Germany: ADAC ドイツ 中国 China: JDP IQS U.S.: Consumer 米国 Reports Italy: Quattroruote South Africa: PSI Brazil: Quatro Rodas 34 New mid-term plan & FY7 financial results

18 NISSAN GT 212 commitments Quality leadership In products, services, brands and management Zero-emission leadership EV introduced in FY1 [U.S. and Japan] and mass-marketed in FY12 [Global] 35 New mid-term plan & FY7 financial results Global TIV evolution since 199 7, 65, 6, (thousand units) 55, 5, 45, *Japan: FY Others: CY 36 New mid-term plan & FY7 financial results

19 Number of vehicles per 1, persons U.S. Germany France Japan 6 8 UK Russia Brazil China India ドイツ <5 15 中国 25 米国 , (vehicle units) Source: JAMA World Motor Vehicle Statistics New mid-term plan & FY7 financial results Zero emission leadership Mass-marketed globally in FY12 ドイツ Denmark FY11 Israel FY11 中国 Japan FY1 米国 U.S. FY1 38 New mid-term plan & FY7 financial results

20 NISSAN GT 212 commitments Quality leadership In products, services, brands and management Zero-emission leadership EV introduced in FY1 [U.S. and Japan] and mass-marketed in FY12 [Global] 5% revenue growth on average over 5 years 6 all-new models launched by FY12 More than 15 new technologies/year from FY9 39 New mid-term plan & FY7 financial results Sustained revenue growth Number of new product launches New products ドイツ 中国 6 米国 Starts of production 13 4 New mid-term plan & FY7 financial results

21 Sustained revenue growth Number of new product launches New segment models ドイツ 中国 1 /3 米国 Replacement models 2 /3 41 New mid-term plan & FY7 financial results Sustained revenue growth Broader market and segment coverage 94% Market Coverage (%) ドイツ 79% 中国 米国 FY7 FY12 42 New mid-term plan & FY7 financial results

22 Value Dividend dividend policy policy Update by IR or CEO-Com Dividend per share / yen NRP NISSAN 18 NISSAN Value-Up NISSAN GT 212 FY New mid-term plan & FY7 financial results 5 corporate breakthroughs NISSAN GT 212 Commitments Quality leadership Zero emission leadership 5% revenue growth on average over 5 years Quality leadership Zero emission leadership Business expansion Market expansion Cost leadership Quality for all aspects of our business & operation Effectiveness & Efficiency Employee motivation People NISSAN WAY Quality of management 44 New mid-term plan & FY7 financial results

23 5 corporate breakthroughs Quality leadership Zero-emission leadership 45 New mid-term plan & FY7 financial results Roadmap toward zero emission 1 Reducing CO 2 emissions through new technologies on powertrains and vehicles CO 2 Emission (%) VVEL+DIG Gasoline Engines Clean diesel Nissan Original Hybrid EV 46 New mid-term plan & FY7 financial results

24 More than 15 new technologies from FY9 > NAVI- ICC Intelligent Pedal LDP VVEL Around View Monitor Dual clutch transmission Full Speed Range ICC Pop Up Engine Hood On-board eco driving service Premium Midship package FY # of innovative car technologies 47 New mid-term plan & FY7 financial results FY8 new technology advancements Clean Diesel Engine To be launched in Japan in fall 28 M9R Engine 48 New mid-term plan & FY7 financial results

25 FY8 new technology advancements Ultra-Low Precious Metal Catalyst Reduce precious metals by half for lower cost and cleaner emission 49 New mid-term plan & FY7 financial results FY8 new technology advancements Smart Auto Headlight for Twilight Reduce accident risk by unique sensor technology 5 New mid-term plan & FY7 financial results

26 FY8 new technology advancements Intelligent Seatbelt Automatic seatbelt winding-up at emergency turn and slip 51 New mid-term plan & FY7 financial results 5 corporate breakthroughs Quality leadership Zero-emission leadership Business expansion 52 New mid-term plan & FY7 financial results

27 Business expansion: Infiniti 3 Double sales volume 3 25 (thousand units) FY7 FY12 53 New mid-term plan & FY7 financial results Business expansion: LCV Mini Light duty truck Van Light bus Taxi Pickup 54 New mid-term plan & FY7 financial results

28 Business expansion: LCV Double revenue (including OEM and J/V sales, conversion business) (billion yen) FY7 FY8 FY9 FY1 FY11 FY12 55 New mid-term plan & FY7 financial results Business expansion: global entry cars 211: Alliance ultra-low low-cost car with Renault and Bajaj 56 New mid-term plan & FY7 financial results

29 Business expansion: global entry cars A-Platform Sourced and produced in 5 LCC countries including India and Thailand ドイツ 中国 米国 India Thailand 57 New mid-term plan & FY7 financial results 5 corporate breakthroughs Quality leadership Zero-emission leadership Business expansion Market expansion 58 New mid-term plan & FY7 financial results

30 Market expansion: India OEM (Export to Europe) Supplier: Maruti-Suzuki Scope: A-seg vehicles SOS: 29 M&S Partner Partner: Hover Scope: M&S operations Delhi NISSAN MOTOR INDIA Mumbai Chakan PV Manufacturing LCV Partner: Renault SOP: 21 Partner: Ashok Leyland SOP: 21 Alliance Ultra Low Cost Car Partners: Bajaj, Renault Scope: Ultra Low Cost Car SOP: 211 Chennai R&D Captive Center Partner: Renault From New mid-term plan & FY7 financial results Market expansion: India 2 >2 * (thousand units) 1 FY7 FY12 * Volume includes Ashok Leyland 6 New mid-term plan & FY7 financial results

31 Market expansion: Brazil >1 1 (thousand units) 5 15 FY7 FY12 61 New mid-term plan & FY7 financial results Market expansion: China 8 >8 6 (thousand units) PV LCV FY7 FY12 62 New mid-term plan & FY7 financial results

32 Market expansion: Russia 3 >282 (thousand units) FY7 FY12 63 New mid-term plan & FY7 financial results Market expansion: Middle East 4 >4 (thousand units) FY7 FY12 64 New mid-term plan & FY7 financial results

33 5 corporate breakthroughs Quality leadership Zero-emission leadership Business expansion Market expansion Cost leadership 65 New mid-term plan & FY7 financial results Cost leadership: : purchasing cost reduction NISSAN GT 212 Volume per parts increase Business growth Complexity /diversity reduction Deep localization Logistics improvement Material optimization Spec challenge Alliance Component Productivity improvement activity Supplier Trust Nissan 66 New mid-term plan & FY7 financial results

34 Cost leadership: purchasing cost reduction Volume per parts increase Double volume per parts (=industrial benchmark level) FY7 Product diversity reduction Parts complexity reduction Parts carry-over and carry across FY12 67 New mid-term plan & FY7 financial results Cost leadership: purchasing cost reduction Deeper localization with suppliers 1% China Mexico Tier1 88% Tier1 9% Tier N same level 5% Tier1 71% Tier N 56% Tier N 64% FY7 Design to LCC Specification to local market FY1-11 A-platform 68 New mid-term plan & FY7 financial results

35 Cost leadership: purchasing cost reduction Material challenge 1% 5% reduction in precious metals per vehicle 5% FY7 FY9+FY1 new models Material usage reduction Scrap and abundant rate improvement (including scrap recycling expansion) Material spec optimization 69 New mid-term plan & FY7 financial results Renault-Nissan Alliance synergies U.S., Japan, Israel and Denmark Preparation to mass-market Alliance EV India Russia New partnership with AvtoVAZ 21: Plant in Chennai, planned capacity of 4K units 211: Alliance ultra-low-cost car with Bajaj Morocco 21: Plant in Tangiers, planned capacity of 4K units 7 New mid-term plan & FY7 financial results