FY 2010 first-half financial results November 4, 2010 Nissan Motor Co., Ltd. first-half financial results Key performance indicators: Financial results (billion yen) Net revenue Operating profit Net income Free cash flow (Auto) Net debt (Auto) +27.7% 3,383.4 4,319.1 +252.9% 334.9 293.3 94.9 +2,215.9% 208.4 149.7 215.7 9.0-69.3 1 first-half financial results
first-half update Nissan's approach for the environment Nissan LEAF EV Series Idling Stop Clean Diesel Hybrid Low CO2 (Low-fuel Consumption) 2 first-half financial results first-half update Product launches Juke Orders in Japan (As of Oct 15): > 20,000 Pre-orders in Europe (Start of sales: Sep 2010): > 30,000 March/Micra Elgrand Orders in Japan (As of Oct 15): > 23,000 Pre-orders in Europe (Start of sales: Nov 2010): > 20,000 Orders in Japan (As of Oct 15): > 14,000 Infiniti M to Europe Infiniti QX to US, Europe and Middle East All-new global launches Regional launches 3 first-half financial results
first-half sales performance first-half financial performance outlook 4 first-half financial results first-half sales performance: Global 31.38 TIV* 35.93 2.54 7.33 (6.08) Change vs. All regions +14.5% Japan North America (US) +16.8% +8.0% (+8.3%) Retail volume 1,623 2,009 328 Change vs. All regions +23.8% Japan +15.3% (million units) 8.86 8.21 Europe China -3.5% +45.6% 580 (445) 277 503 North America (US) Europe China +11.8% (+9.8%) +12.6% +51.4% 8.99 Others +18.4% 321 Others +32.9% *Nissan s estimation 5 first-half financial results
first-half sales performance: Japan Retail volume 285 15.3% 328 TIV increased 16.8% to 2.5 million units 2Q sales in Japan increased 12.5% to 190.6 k units due to Juke, new March and new Elgrand March Market share (%) 13.1-0.2% 12.9 Juke Elgrand 6 first-half financial results first-half sales performance: North America US retail volume +9.8%* 406 US market share +0.1% 445 TIV increased 8.3%* to 6.1 million units in US 2Q sales in US increased 0.4% to 233.4 k units, trucks increased 27.3% to 78.1 k units and Infiniti increased 28.3% to 27.5 k units Canada: Sales increased 4.2% to 47.2 k units, market share stable at 5.4% Mexico: Sales increased 28.6% to 86.5 k units, market share improved 2.9% to 23.0% 7.2 7.3 M Rogue (%) 7 *Variances on a straight-percentage basis first-half financial results
first-half sales performance: Europe Retail volume 246 +12.6% 277 TIV decreased 3.5% to 8.9 million units Sales in Western Europe, increased by 8.6% to 218.1 k units Sales in Russia increased 38.9% from 30.7 k units to 42.6 k units Market share: Market share +0.4% Russia 4.2% 4.1% Europe excl. Russia 2.6% 3.0% 2.7 3.1 (%) Note QASHQAI series 8 first-half financial results first-half sales performance: China (Jan to Jun) Retail volume by brand 332 236 96 +51.4% 503 351 152 Nissan + Infiniti DFL TIV* increased 45.6% to 8.2 million units Sales of Nissan and Infiniti models increased 48.5% to 351 k units 3Q sales in China increased 20.4% to 251.9 k units, thanks to Sylphy, QASHQAI and Teana Launched March in August 2010 Market share* +0.2% 5.9 6.1 Teana Sylphy (%) *TIV for China : Passenger and LCV only 9 first-half financial results
first-half sales performance: Other markets Sales in Thailand increased 97.2% to 28.6 k units (2Q sales: +103.3% to 15.6 k units) Retail volume 242 +32.9% 321 Sales in Middle East increased 10.4% to 86.9 k units (2Q sales: +21.6% to 44.1 k units) Sales in Australia increased 21.8% to 31.5 k units (2Q sales: +21.8% to 14 k units) Sales in Indonesia increased 85.2% to 18.6 k units (2Q sales: +70.7% to 9.2 k units) March/Micra Livina series 10 first-half financial results first-half sales performance first-half financial performance outlook 11 first-half financial results
first-half financial performance (billion yen) Operating profit Non-operating Ordinary profit Extraordinary Net revenue 3,383.4 94.9-61.7 33.2-12.9 334.9-19.8 315.1 +281.9 0.4 Variance 4,319.1 +935.7 +240.0 Change vs (%) +27.7% +252.9% +848.8% Profit before tax 20.3 Taxes -11.6-91.4 Effective tax rate (56.9%) (29.0%) Minority interest 0.3-15.7 Net income 9.0 208.4 315.5 +295.2 +199.4 +1,455.9% +2,215.9% FX rate 95.5 JPY/USD 133.2 JPY/EUR 88.9 JPY/USD 113.8 JPY/EUR -6.6 JPY/USD -19.4 JPY/EUR 12 first-half financial results first-half financial performance Operating profit variance analysis -93.2 (billion yen) 334.9-13.5-17.9 +14.8 +52.3 94.9-55.2 +299.3 O.P. 2Q only FOREX +53.4 Net purchasing cost reduction Volume / mix Selling exp. Resale of returned lease vehicles R&D exp. Sales finance Others 83.3-39.9 +22.7 +127.5-44.3-6.9-13.4 +8.2 +29.8 167.0 O.P. 13 first-half financial results
Net debt (Auto business) 800 600 ( billion yen) 400 783.5 200 0 387.9 405.3 293.3 207.1 29.7-69.3 Bil. JPY -156.3 Bil. JPY* *Based on FX rates as of 3/31/2010 : USD : 93.0 EUR : 124.9 22.8-69.3-200 FX Yen/USD End of month 2008 Dec 2009 Mar Jun Sep Dec 2010 Mar 91.0 98.2 96.0 90.2 92.1 93.0 88.5 83.8 Jun Sep 14 first-half financial results Inventory management (New vehicles inventory) 800 74 80 700 70 600 500 400 300 200 670 57 470 43 42 42 44 440 410 490 470 44 520 49 570 60 50 40 30 20 (Days) 100 10 0 2008 Dec 2009 Mar Jun Sep Dec 2010 Mar Jun Sep 0 Dealer inventory, except some minor countries 15 Days supply Consolidated Nissan inventory, except some minor countries first-half financial results
first-half sales performance first-half financial performance outlook 16 first-half financial results outlook Retail volume 3,515 630 1,067 (824) 509 756 553 3,800 600 1,205 (945) 510 860 625 Previous Outlook 4,100 615 1,220 (945) 600 960 705 Revised Outlook Global +16.7% Japan North America +14.3% (US) (+14.7%) Europe China Others vs. -2.4% +17.9% +27.1% +27.5% vs. Prev. Outlook +7.9% +2.5% +1.2% (±0.0%) +17.6% +11.6% +12.8% Production volume 3,282 1,025 837 445 756 219 3,750 1,100 990 410 850 400 4,050 1,140 1,020 510 950 430 Previous Revised Outlook Outlook Japan North America +3.6% +3.0% Europe +14.6% +24.4% Others vs. Prev. Outlook Global +23.4% +8.0% China vs. +11.2% +21.9% +25.7% +11.8% +96.0% +7.5% 17 first-half financial results
outlook Revised on Nov. 4, 2010 (billion yen) (Actual) (Previous) May. 12, 2010 (A) * (Revised) Nov. 4, 2010 (B) * (B)-(A) Variance Net revenue 7,517.3 8,200.0 Operating profit 311.6 350.0 Ordinary profit 207.7 315.0 Net income 42.4 150.0 8,770.0 485.0 450.0 270.0 +570.0 +135.0 +135.0 +120.0 CAPEX sales ratio R&D sales ratio FX rate assumption (JPY/USD) 273.6 3.6% 385.5 5.1% 92.9 (JPY/EUR) 131.2 360.0 4.4% 430.0 5.2% 90.0 120.0 340.0 3.9% 425.0 4.8% 84.4 (2H: 80.0) 111.9 (2H: 110.0) * Forecast 18 first-half financial results outlook Operating profit variance analysis ( actual vs latest forecast) -180.0 (billion yen) -100.0 +185.0-20.0-40.0 485.0 +38.4 311.6-185.0 +475.0 O.P. FOREX Volume / mix Raw material / energy cost Purch. cost reduction Selling exp. Resale of returned lease vehicles R&D exp. Others * O.P. 19 * Forecast as of Nov. 4, 2010 first-half financial results
all-new product launches 10 all-new global launches 10 all-new global launches Europe Nissan LEAF Juke Micra QX M Japan Juke Elgrand Serena New mini March Nissan LEAF North America Nissan LEAF Quest Convertible Crossover NV Series QX Juke All-new global launches Regional launches Other markets Affordable sedan QX M 20 first-half financial results Third PURE DRIVE vehicle: Fuga Hybrid Intelligent Dual Clutch Control lithium-ion battery 21 first-half financial results
22 first-half financial results