Fiscal year 2010 financial results
May 12, 2011 Nissan Motor Co., Ltd.
FY10 full-year financial results
Key performance indicators: Financial results
(billion yen) Net revenue Operating Net income Free cash flow Net debt profit (Auto) (Auto)
+16.7% 8,773.1
7,517.3 +72.5% 537.5 459.3 +653.1% 29.7 375.5 311.6 319.2
42.4 -293.3 FY09FY10 FY09 FY10 FY09 FY10 FY09 FY10 FY09 FY10
1 FY10 full-year financial results FY10 Business update Nissan LEAF
Start of production in Oppama, Japan (Oct.)
Start of sales in US, Japan and Europe
2 FY10 full-year financial results
FY10 Business update Nissan LEAF
European Car of the Year World Car of the Year
3 FY10 full-year financial results FY10 Business update Current status of battery plants
Sunderland, UK
Began construction on April 2010 Zama, Japan
Currently operating
Cacia, Portugal
Began construction on February 2011 Smyrna, USA
Began construction on May 2010
4 FY10 full-year financial results
FY10 Business update China sales volume
(k units) 1,100 1,024 1,000 900 800 756 700 600 545 500 458 400 363 297 300 179 200 94 100 0 CY03 CY04 CY05 CY06 CY07 CY08 CY09 CY10
5 FY10 full-year financial results FY10 Business update China production capacity (2 shifts) (k units) 1,300 1,200 1,200 1,100 1,000 885 900 800 670 700 600 500 400 300 200 100 0 End of End of End of 2009 2010 2012
9 September 2010: Opened Zhengzhou number 2 plant 9 2012: Huadu number 2 plant scheduled to open
6 FY10 full-year financial results
FY10 Business update Ashok Leyland DOST
7 FY10 full-year financial results FY10 Business update Start of production and sales of global compact car
Europe
ChinaChina Japan Middle East IndiaIndia MexicoMexico
ThailandThailand Africa Latin Oceania America
8 FY10 full-year financial results
FY10 Business update
PURE DRIVE
Idling Stop Clean Diesel 3-cylinder Super-charged engine
Hybrid Idling Stop
9 FY10 full-year financial results FY10 Business update 10 all-new global launches Europe Japan North America Nissan LEAF Juke Nissan LEAF Juke Elgrand Quest Micra Serena Murano CrossCabriolet QX Moco NV Series M March QX Nissan LEAF Juke
Other markets Sunny All-new global launches QX Regional launches M
10 FY10 full-year financial results
Business update NV200
Selected as “Taxi of Tomorrow” in New York City
11 FY10 full-year financial results FY10 Business update
Cooperation with partners
12 FY10 full-year financial results
FY10 sales performance
FY10 financial performance
Recovery from the earthquake
13 FY10 full-year financial results Sales performance: Global Change vs. TIV* Change vs. Retail volume All FY09 FY09 All 4,185 regions +19.1% 72.61 regions +12.6% 4.60 Japan -5.7% 600 Japan -4.7% 64.48 3,515 14.52 North +11.4% (12.10) America (+12.4%) North (US) 1,245 +16.6% 47.50 (966) America (+17.3%) (US)
18.05 Europe -0.5%
607 Europe +19.3%
16.61 China +31.6% 1,024 China +35.5% (million units) (thousand units)
FY10 18.831H Others +19.1% 709 Others +28.2%
FY09 FY10 FY09 FY10
*Nissan’s estimation 14 FY10 full-year financial results
Sales performance: Japan
Retail volume TIV decreased 5.7% to 4.6 million units -4.7% Nissan sales decreased 4.7% to 600 k units but market share improved 0.1% to 630 600 13%, driven by new models Juke, Serena and Elgrand
(thousand units) TIV in 4Q decreased 23.7% but Nissan’s FY09 FY10 market share improved 0.3% to 14.1% Moco
Market share +0.1% 12.9 13.0 March Serena (%)
FY09 FY10
15 FY10 full-year financial results Sales performance: China (Jan. to Dec.)
Retail volume by brand
1,024 +35.5% 756 TIV* increased 31.6% to 16.6 million units Nissan 713 + Infiniti Sales in China increased 35.5% to 546 1,023.6 k units 4Q sales in China increased 25.5% to (thousand units) 311 DFL 210 268.6 k units, driven by Sylphy, Teana and FY09 FY10 QASHQAI
Market share* +0.2% 6.0 6.2 Teana Sylphy (%)
FY09 FY10
16 *TIV for China : Passenger and LCV only FY10 full-year financial results
Sales performance: North America
US retail volume TIV increased 12.4%* to 12.1 million units +17.3%* in US 966 4Q sales in US increased 25% to 285.4 k 824 units, trucks increased 51.1% to 93.5 k units and Infiniti increased 17.5% to 27.8 k units
(thousand units) Canada: Sales increased 3.5% to 83.3 k FY09 FY10 units, market share decreased 0.1% to 5.3% Mexico: Sales increased 20.2% to 195 k US market share units, market share improved 1.4% to +0.4% 23.1%
7.6 8.0 (%)
FY09 FY10 Rogue Infiniti M
17 *Variances on a straight-percentage basis FY10 full-year financial results Sales performance: Europe
Retail volume +19.3% TIV decreased 0.5% to 18.1 million units 509 607 Sales in Western Europe increased by 10.6% to 469.4 k units Sales in Russia increased 84.9%
(thousand units) from 55.4 k units to 102.5 k units FY09 FY10 Market share: FY09 FY10
Russia 4.0% 4.8% Market share Europe excl. Russia 2.7% 3.2% +0.5%
2.8 3.3 Juke QASHQAI series (%)
FY09 FY10
18 FY10 full-year financial results
Sales performance: Other markets
Sales in Latin America increased 65.7% to 169.4 k units (4Q sales: +55.3% to 49.3 k units) Sales in Thailand increased 87.6% to Retail volume 64.9 k units (4Q sales: +111% to 20 k units) +28.2% Sales in Indonesia increased 65.4% 709 to 42.6 k units 553 (4Q sales: +57.2% to 13.8 k units) Sales in Middle East increased 0.5% thousand units)
( to 180 k units (4Q sales: -16.6% to 47.1 k units) FY09 FY10
March/Micra Livina series
19 FY10 full-year financial results FY10 sales performance
FY10 financial performance
Recovery from the earthquake
20 FY10 full-year financial results
FY10 financial performance
FY09 FY10 Variance Change (billion yen) vs FY09 (%)
Net revenue 7,517.3 8,773.1 +1,255.8 +16.7% Operating profit 311.6 537.5 +225.9 +72.5% OP margin (4.1%) (6.1%) Non-operating -103.9 0.3 Ordinary profit 207.7 537.8 +330.1 +158.9% Extraordinary -66.1 -57.7
Profit before tax 141.6 480.1 +338.5 +239.0% Taxes -91.5 -132.1 Effective tax rate (64.6%) (27.5%) Minority interest -7.7 -28.8 Net income 42.4 319.2 +276.8 +653.1%
FX rate 92.9 JPY/USD 85.7 JPY/USD -7.2 JPY/USD 131.2 JPY/EUR 113.1 JPY/EUR -18.1 JPY/EUR
21 FY10 full-year financial results FY10 financial performance
Operating profit variance analysis (billion yen) -191.5
537.5 -18.5 +15.0 +29.5
311.6 -147.5
+433.1
+105.8
FY09 FOREX Net Volume/ Selling R&D Sales Others FY10 O.P. purchasing mix exp. exp. finance O.P. cost reduction 4Q only 82.7-37.2+15.0 +88.4 -57.7 +6.1 +9.6 -18.3 88.6
22 FY10 full-year financial results
Net debt (Auto business)
700
500
300 783.5 -293.3 bil. yen ⇒ -391.1 bil. yen*
( billion yen) *Based on FX rates as of 3/31/2010 : 387.9 405.3 USD : 93.0 293.3 100 207.1 EUR : 124.9 29.7 22.8
-69.3 -42.9 -100 -293.3
-300 2008 2009 2010 2011 Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar FX Yen/USD End of month 91.0 98.2 96.0 90.2 92.1 93.0 88.5 83.8 81.5 83.2
23 FY10 full-year financial results Inventory management (New vehicle inventory)
1,200 80 1,100 70 1,000 900 60 800 50 700 600 40 670 650 500 610 (days) 570 30 400 490 520 (thousand units) 470 440 470 300 410 20 200 10 100 0 0 2008 2009 2010 2011 Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar
Dealer inventory, except some minor countries Days supply 24 Consolidated Nissan inventory, except some minor countries FY10 full-year financial results
FY10 sales performance
FY10 financial performance
Recovery from the earthquake
25 FY10 full-year financial results Earthquake Crisis Committee from March 11
26 FY10 full-year financial results
Production status in Japan
Resumed production at all plants
Tochigi
Iwaki
JATCO Kyoto Yokohama Kyushu Oppama Nissan Shatai Kyushu Nissan Koki
Nissan Shatai Aichi Kikai JATCO Fuji
27 FY10 full-year financial results Operations restored in Iwaki plant
Heavy damages on March 11
Collapse of air ducts Dropped engines
Floor subsidence Equipment dislodged
28 FY10 full-year financial results
Operations restored in Iwaki plant
Resume production from April 18
29 FY10 full-year financial results Three remaining challenges
1) Disrupted supply chain
9 Continue supplier support 9 Secure alternative sourcing
30 FY10 full-year financial results
Three remaining challenges
2) Electricity shortage
Company-wide conservation efforts
9 Consider more nighttime operations 9 Consider additional in-house electricity generation 9 Study JAMA’s policy to change days of operation
31 FY10 full-year financial results Three remaining challenges
3) Radioactive contamination harmful rumors
Radiation testing on products
32 FY10 full-year financial results
33 FY11 Presidential Address Gambaro Nissan !!
34 FY11 Presidential Address
Maintain Japan production 1 million base
35 FY10 full-year financial results 36 FY10 full-year financial results