FY2016 H1 Financial Results

Transcription

1 FY2016 H1 Financial Results November 6, Copyright(C) 2015 Isuzu Motors Limited All rights reserved

2 Contents Ⅰ. President and Representative Director : Masanori Katayama :FY2016 H1 Financial Summary and Full-year Outlook Outline Ⅱ. Director of the Board and Managing Executive Officer : Makoto Kawahara 1. Business Status 2. FY2016 H1 Financial Summary 3. FY2016 Full-year Outlook Ⅲ. Q&A Session Statements contained in this presentation, except for historical or current facts, are based on certain assumptions and our management's judgment in light of currently available information. Therefore, these statements may be susceptible to various factors, such as uncertainty contained in the assumptions and management's judgment and economic changes in the future, which may cause to bring about different results in Isuzu's future earnings and operating results. Moreover, this presentation is not intended to solicit investment in Isuzu. Isuzu assumes no responsibility for any losses and liabilities that may be incurred because of the information in this presentation. 2 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

3 President and Representative Director Masanori Katayama 3 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

4 FY2016 H1 Consolidated Results - Year-on-year Comparison - Reference ( JPY Bil. ) FY16 H1 FY15 H1 Changes FY16 H1plan Net Sales Operating Income Ordinary Income * Net Income *Net income attributable to owners of parent * FX: FY16 H1 = 121 JPY/US$ FY15 H1= 103 JPY/US$ 4 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

5 FY2016 Full-year Outlook - Year-on-year Comparison - Reference (JPY Bil.) FY16 FY15 Changes FY16 Previous plan Net Sales 1, , ,950.0 Operating Income Ordinary Income *Net Income *Net income attributable to owners of parent * FX: FY16 = 120 JPY/US$ FY15 = 107 JPY/US$ 5 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

6 Director of the Board, and Managing Executive Officer, Corporate Planning and Finance Division Executive Makoto Kawahara 6 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

7 Ⅱ-1. Market Information 7 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

8 Reinforcing overseas operating Capabilities Entering New Markets 543 (453) (547) (520) (567) CV/LCV Global Shipment - Vehicle and KD-SET, etc: K-units Global Financial crisis Inventory Adjustment 554 (500) (386) The Great East Japan Earthquake Flooding in Thailand 598 (552)568 (509) 690 (628) (586)(594) (564) FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 ( ):Overseas Unit LCV Export LCV Thailand LCV Others CV Overseas CV Domestic 8 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

9 CV Global Shipment - Vehicle and KD-SET, etc: K-units Europe Mid-East/ Africa China Asia Japan Shipment FY14 FY15 FY16 :H1 H1 142, , ,730 :H2 Oceania Mid-South H2 153, , ,270 : H2 Full-year 295, , ,000 America 9 Copyright(C) 2015 Isuzu Motors Limited All rights reserved North America

10 Japan Industry Sales and Isuzu Share - H/D, M/D Truck:4ton or above - (Unit) FY10-FY15 : FY Actual FY16: FY16 H1 Actual (Share) H1 Actual 120, ,000 80,000 60,000 40,000 20, % 32.8% 31.1% 41,622 23,764 59,310 51,412 25,275 35,548 17,858 26,137 23, % 33.4% 34.5% 34.0% 87,635 79,929 68,535 48,320 46,322 36,608 91,000 H2 31,927 33,607 39,315 42,312 FY10 FY11 FY12 FY13 FY14 FY15 FY16 H1 35% 30% 25% 20% 15% 10% 5% 10 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

11 FY10-FY15 : FY Actual FY16: FY16 H1 Actual Japan Industry Sales and Isuzu Share L/D(2-3ton) Truck (Unit) 120, ,000 80,000 60,000 40,000 20, % 40.2% 40.2% 39.5% 39.6% 40.6% 54,469 48,859 27,980 26,700 75,637 65,309 38,732 38,486 36,905 22,159 26,489 26,823 51,120 52, % 96,547 98,000 91,520 40,400 44,107 46,672 FY10 FY11 FY12 FY13 FY14 FY15 FY16 (Share) H1 Actual H2 H1 40% 35% 30% 25% 20% 15% 11 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

12 LCV Global Shipment - Vehicle and KD-SET, etc: K-units Europe China Mid-East/ Africa Asia Oceania Thailand Shipment FY14 FY15 FY16 : H1 Mid-South H1 186, , ,807 : H2 America H2 156, , ,993 Full-year 342, , ,800 : H2 12 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

13 Thailand LCV Shipment - Thai Domestic / Export Markets - (Unit) 353, , , , , , , Copyright(C) 2015 Isuzu Motors Limited All rights reserved

14 Industrial Engine Global Shipment -K-Units H H FY10 FY11 FY12 FY13 FY14 FY15 FY16 C(IDI) C(DI) 4L 4J 4H 6H 6U 6W Industrial Engine ~ l 14 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

15 Ⅱ-2. FY2016 H1 Financial Summary April 2015 September Copyright(C) 2015 Isuzu Motors Limited All rights reserved

16 FY2016 H1 Consolidated Results - Year-on-year Comparison - Reference ( JPY Bil. ) FY16 H1 FY15 H1 Changes FY16 H1plan Net Sales Operating Income Ordinary Income * Net Income *Net income attributable to owners of parent * FX: FY16 H1 = 121 JPY/US$ FY15 H1= 103 JPY/US$ 16 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

17 FY2015 vs. FY2016 H1 Fluctuations - Consolidated operating income: analysis of change, JPY:Bil Fixed Cost Fluctuation 15.0 FX 77.0 Expenses for growth strategy Steel, Oil Price etc. Fluctuations Cost Reduction Activity Sales/Model Mix Operating Income for FY15 H1 Operating Income for FY16 H1 17 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

18 FY2016 H1 Consolidated Results - Ordinary income, Net income, Year-on-year - ( JPY Bil. ) FY16 H1 FY15 H1 Changes Net Sales Operating Income Ordinary Income *Net Income *Net income attributable to owners of parent *Net income attributable to owners of parent 18 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

19 Ⅱ-3. FY2016 Full-year Outlook 19 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

20 FY2016 Full-year Outlook - Year-on-year Comparison - Reference (JPY Bil.) FY16 FY15 Changes FY16 Previous plan Net Sales 1, , ,950.0 Operating Income Ordinary Income *Net Income *Net income attributable to owners of parent * FX: FY16 = 120 JPY/US$ FY15 = 107 JPY/US$ 20 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

21 FY2015 vs. FY2016 Fluctuations - Consolidated operating income: analysis of change, JPY:Bil FX Expenses for growth strategy Fixed Cost Fluctuation Steel, Oil Price etc. Fluctuations Cost Reduction Activity Sales/Model Mix Operating Income for FY16 Operating Income 21 for FY15 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

22 FY2016 Full-year Outlook - Ordinary income, Net income, Year-on-year - ( JPY Bil. ) FY16 FY15 Changes Net Sales 1, , Operating Income Ordinary Income *Net Income *Net income attributable to owners of parent *Net income attributable to owners of parent 22 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

23 [Appendix] Main Financial Index By 6 months, etc. 23 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

24 CAPEX and Depreciation (Consolidated) - Recent Trend and - (JPY:Bil.) Depreciation CAPEX * FY09 or later included lease () 24 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

25 CAPEX and Depreciation (By 6 months Consolidated) - Recent Trend - (JPY:Bil.) CAPEX 26.6 Depreciation 0.0 '11/9 '12/3 '12/9 '13/3 '13/9 '14/3 '14/9 '15/3 '15/9 * included lease 25 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

26 Consolidated Sales by 6 months - LCV, CV, PT&Compo, Others (KD, parts) - (JPY:Bil.) 1, Others PT&Compo CV LCV '11/9 '12/3 '12/9 '13/3 '13/9 '14/3 '14/9 '15/3 '15/9 26 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

27 Consolidated Equity Ratio: Historical Trend by 6 months (JPY:Bil.) (%) 1, Consolidated Equity Ratio Consolidated Equity Capital '11/9 '12/3 '12/9 '13/3 '13/9 '14/3 '14/9 '15/3 '15/9 27 Copyright(C) 2015 Isuzu Motors Limited All rights reserved 0

28 Inventory Balance - Consolidated - (JPY:Bil.) Month Turnover '11/9 '12/3 '12/9 '13/3 '13/9 '14/3 '14/9 '15/3 '15/9 (Month) Copyright(C) 2015 Isuzu Motors Limited All rights reserved

29 29 Copyright(C) 2015 Isuzu Motors Limited All rights reserved