20172nd presentation 362 e

Nissan Motor Co., Ltd. November 8th, 2017

1. FY17 1ST HALF FINANCIAL RESULTS FY17 1ST HALF SALES PERFORMANCE FY17 1ST HALF FINANCIAL PERFORMANCE

2. MIDTERM PLAN

www.nissan-global.com

2

(TSE REPORT BASIS — CHINA JV EQUITY BASIS)

(BILLION YEN)

NET REVENUE

OPERATING PROFIT

NET INCOME *1

FREE CASH FLOW

NET CASH (AUTO)

(AUTO)

1,760.0

5,652.5 5,230.5

1,432.1 350.7

324.8 281.8

278.4

276.5 239.7

FY16 1H

*excl. CK * 2

FY17 1H

FY16 1H

*excl. CK * 2

FY17 1H

FY16 1H

*excl. CK * 2

FY17 1H

FY16 1H

FY17 1H

*excl. CK * 2

FY16 1H

*excl. CK * 2 *3

FY17 1H

*1: NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT *2: CALSONIC KANSEI *3: INCLUDES CASH PROCEEDS FROM SALE OF CALSONIC KANSEI

www.nissan-global.com

3

1st HALF GLOBAL RETAIL VOLUME

44.70

45.55

GLOBAL

vs. FY16 +1.9%

2.31

2.48

JAPAN

+7.7%

12.31

12.60

CHINA

+2.1%

10.91

10.74

(9.03)

(8.84)

NORTH AMERICA (U.S.)

(-2.1%)

2,733

GLOBAL

vs. FY16 +4.6%

283

JAPAN

+34.1%

610

651

CHINA

+6.7%

1,048

1,035

(783)

(779)

NORTH AMERICA (U.S.)

(-0.4%)

362

375

EUROPE

+3.6%

382

390

OTHERS

+2.3%

FY16 1H

FY17 1H

M/S*2 M/S*2

5.8%

2,613 211

9.86

9.63

9.54

9.86

FY16 1H

FY17 1H

EUROPE

OTHERS

6.0%

-1.5%

+2.5%

+3.3%

(THOUSAND UNITS)

(MILLION UNITS)

TIV *1

-1.3%

*1: NISSAN ESTIMATION *2: MARKET SHARE

www.nissan-global.com

4

JAPAN RETAIL VOLUME (THOUSAND UNITS)

+34.1% 283

TIV: 2.48 million units, +7.7% Sales: 283 k units, +34.1% Market share: 11.4%, +2.2 points

211

Registered car FY16 1H

FY17 1H

MARKET SHARE +2.2 points

11.4

TIV: 1.61 million units, +4.0%



Sales: 193 k units, +17.1%



Market share: 12.0%, +1.4 points

Mini car 

TIV: 0.87 million units, +15.1%



Sales: 90 k units, +93.9%



Market share: 10.3%, +4.2 points

(%)

9.2



FY16 1H

FY17 1H

Serena www.nissan-global.com

Note

5

CHINA

(THOUSAND UNITS)

RETAIL VOLUME *1 +6.7%

610

651

FY17 1H (Jan. to Jun.) *2



TIV



Sales*1 : 651 k units, +6.7%

: 12.60 million units, +2.1%



Market share: 5.2%, +0.2 points

FY17 3Q (Jul. to Sep.) FY16 1H

FY17 1H



TIV *2 : 6.48 million units, +3.7%



Sales*1 : 369 k units, +15.7%



Market share: 5.7%, +0.6 points

MARKET SHARE +0.2 points

5.2

FY16 1H

FY17 1H

(%)

5.0

X-Trail

Sylphy

* 1: PV: RETAIL SALES BASE, LCV: WHOLESALE BASE * 2: PV AND LCV ONLY www.nissan-global.com

6

NORTH AMERICA

(THOUSAND UNITS)

US RETAIL VOLUME -0.4%

783

779

US 

TIV: 8.84 million units, -2.1%



Sales: 779 k units, -0.4%



Market share: 8.8%, +0.1 points

FY16 1H

Rogue

US MARKET SHARE +0.1 points

8.8

(%)

8.7

Rogue Sport

Canada 

Sales: 81 k units, +8.6%



Market share: 6.9%, +0.2 points

Mexico FY16 1H

FY17 1H

www.nissan-global.com



Sales: 174 k units, -8.9%



Market share: 23.9%, -0.8 points

7

EUROPE (INCLUDING RUSSIA)

(THOUSAND UNITS)

RETAIL VOLUME +3.6%

362

375

Europe excluding Russia 

TIV: 9.06 million units, +1.5%



Sales: 326 k units, +2.1%



Market share: 3.6%, 0.0 points

Russia FY16 1H



TIV: 0.8 million units, +14.3%



Sales: 49 k units, +15.1%



Market share: 6.1%, 0.0 points

MARKET SHARE 0.0 points

3.8

(%)

3.8

FY16 1H

www.nissan-global.com

FY17 1H

Qashqai

Micra

8

OTHER MARKETS

(THOUSAND UNITS)

RETAIL VOLUME

382

+2.3% 390

FY16 1H

Sales: 390 k units, +2.3% 

Asia & Oceania: 165 k units, -2.0% (TIV: +4.1%)



Latin America:

94 k units, +12.2% (TIV: +12.6%)



Middle East:

86 k units, -4.8% (TIV: -10.3%)



Africa & others: 46 k units, +15.6% (TIV: -1.4%)

Datsun redi-GO

www.nissan-global.com

Kicks

9

1. FY17 1ST HALF FINANCIAL RESULTS FY17 1ST HALF SALES PERFORMANCE FY17 1ST HALF FINANCIAL PERFORMANCE

2. MIDTERM PLAN

www.nissan-global.com

10

(TSE REPORT BASIS — CHINA JV EQUITY BASIS) FY16 1H

(BILLION YEN)

FY16 1H

FY17 1H

*excl. CK *3

NET REVENUE

*excl. CK *3

*excl. CK

5,321.0

5,230.5

5,652.5

+422.0

+8.1%

339.7

324.8

281.8

-43.0

-13.2%

6.4% 57.1

6.2% 57.1

5.0% 87.7

396.8

381.9

369.5

-12.4

-3.2%

3.1

3.0

-4.5

399.9

384.9

365.0

-19.9

-5.2%

-101.8 25.5% -15.7

-97.0 25.2% -9.5

-79.0 21.6% -9.5

-0.7%

OPERATING PROFIT OP MARGIN NON-OPERATING

ORDINARY PROFIT EXTRAORDINARY

PROFIT BEFORE TAX TAXES EFFECTIVE TAX RATE MINORITY INTEREST *1

282.4

278.4

276.5

-1.9

105.2 JPY/USD 118.0 JPY/EUR

111.0 JPY/USD 126.3 JPY/EUR

+5.8 JPY/USD +8.3 JPY/EUR

NET INCOME *2 FX RATE

CHANGE vs. FY16 (%)

VARIANCE

*3

*1: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS *2: NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT *3: CALSONIC KANSEI www.nissan-global.com

11

(TSE REPORT BASIS — CHINA JV EQUITY BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN)

RELATIVELY FLAT -2.2 (-0.7%) +29.3

-14.9

-46.5 +4.6

FY16 1H O.P.

CK *1 SCOPE CHANGE

FY16 1H O.P.

FOREX

RAW MATERIAL

VOLUME /MIX

-96.0

MARKETING COST *2 & ITEMS SELLING EXP.

(w/o CK *1) *2: INCLUDING PURCHASE COST REDUCTION AND PRODUCT ENRICHMENT *1: CALSONIC KANSEI *3: INCLUDING INSPECTION COSTS AND CLASS ACTION SETTLEMENT

www.nissan-global.com

+96.8

-10.1

R&D /MFG EXP.

+19.7

-40.8

OTHER ITEMS

FY17 1H O.P.

SPECIAL*3 ITEMS

FY17 1H O.P.

(w/o SPECIAL ITEMS *3) 12

(TSE REPORT BASIS — CHINA JV EQUITY BASIS) OPERATING PROFIT VARIANCE ANALYSIS (BILLION YEN)

PLUS +14.2 (+9.2%) +31.4

-27.5 +23.4

-8.8

-13.5 -45.2

FY16 2Q O.P.

CK *1 SCOPE CHANGE

FOREX

FY16 2Q O.P.

RAW MATERIAL

VOLUME /MIX

+48.6

MARKETING COST *2 & ITEMS SELLING EXP.

-3.0

R&D /MFG EXP.

OTHER ITEMS

(w/o CK *1)

FY17 2Q O.P.

SPECIAL*3 ITEMS

FY17 2Q O.P.

(w/o SPECIAL ITEMS *3)

*2: INCLUDING PURCHASE COST REDUCTION AND PRODUCT ENRICHMENT *1: CALSONIC KANSEI *3: INCLUDING INSPECTION COSTS AND CLASS ACTION SETTLEMENT

www.nissan-global.com

-40.8

13

FINANCIAL RESULTS (MANAGEMENT PRO FORMA BASIS *1) (BILLION YEN)

NET REVENUE

OPERATING PROFIT

NET INCOME *2

FREE CASH FLOW

NET CASH (AUTO)

1,958.8

(AUTO)

5,746.6

6,222.9

1,588.4 397.1

394.8 351.1

FY16 1H

*excl. CK * 3

FY17 1H

FY16 1H

*excl. CK * 3

FY17 1H

278.4

276.5

FY16 1H

FY17 1H

*excl. CK * 3

273.7

FY16 1H

*excl. CK * 3

FY17 1H

FY16 1H

*excl. CK * 3 *4

FY17 1H

*1: BASED ON CONTINUATION OF PROPORTIONATE CONSOLIDATION OF CHINA JV *2: NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT *3: CALSONIC KANSEI *4: INCLUDES CASH PROCEEDS FROM SALE OF CALSONIC KANSEI

www.nissan-global.com

14

(TSE REPORT BASIS — CHINA JV EQUITY BASIS) Revising operating profit guidance for FY17 to reflect the expected net impact related to the Japan vehicle final inspection issue after other cost efficiency offsets. (Net revenue and net income* guidance are maintained) * NET INCOME: NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

(BILLION YEN)

OPERATING PROFIT

www.nissan-global.com

FY17

ACTUAL

PREVIOUS OUTLOOK

REVISED OUTLOOK

VARIANCE VS PEVIOUS OUTLOOK

% CHANGE VS PREVIOUS OUTLOOK

742.2

685.0

645.0

-40.0

-5.8%

FY16

15

+10.4%

53

48 42 2H 26.5 33 30 25

DIVIDEND PER SHARE (YEN)

20 1H 26.5

FY11

www.nissan-global.com

FY12

FY13

FY14

FY15

FY16

FY17 (Forecast) 16

1. FY17 1ST HALF FINANCIAL RESULTS FY17 1ST HALF SALES PERFORMANCE FY17 1ST HALF FINANCIAL PERFORMANCE

2. MIDTERM PLAN

www.nissan-global.com

1

Achieve sustainable growth, while delivering healthy profitability and strong free cash flow

2

Lead the technology and business evolution of the automotive industry, backed by our technology DNA

www.nissan-global.com

17

18

M.O.V.E.

M O V E

www.nissan-global.com

19

Sustainable Growth Sustainable COP%

Net Revenue Growth

12.8T 16.5T

J PY

Over 6-Year Period

8% Under “reasonable” economic conditions

Cumulative Auto Free Cash Flow

2.5T J PY

Steady Growth with Above Average Profitability

Harvest Previous Investment

Capture Full Potential

US, China, Japan, Mexico Aftersales, Sales Finance

Brazil, Argentina, India, Russia Infiniti / Datsun

Europe, Middle East, ASEAN Frame SUV / Pick-ups

in markets & segments

Continuous improvement on operational efficiencies Net Revenue Optimization, TdC Management, Fixed Cost Control www.nissan-global.com

20

Lead the Evolution

Solid EV Leadership

Autonomous Drive Vehicle Expansion

Early Provider of Robo-Vehicle and Ride-Hailing Services

Full Deployment as Nissan, Infiniti and Datsun

Common Technologies & New Mobility Services Business Development Electrification, Autonomous Drive, Connectivity www.nissan-global.com

21

Turn static files into dynamic content formats.

Create a flipbook