FY16 Financial Results Clarity Fuel Cell Honda Motor Co., Ltd. May 13, 2016 1
Topics - FY16 News Topics - FY16 Financial Results - FY17 Financial Forecasts - Dividend Tetsuo Iwamura Executive Vice President * FY15/FY16 results and FY17 forecasts in this presentation are all based on IFRS 2
FY16 News Topics (FY16 4th Quarter) Sales of All-new Clarity Fuel Cell begin (March 2016 : Japan) Clarity Fuel Cell Launch of New Model BR-V ( January 2016 : Thailand and Indonesia ) BR-V (FY16) United States Surpasses 1.6 million unit sales for first time Pilot Pilot full-model change (June 2015) Civic full-model change (November 2015) Civic China Surpasses 1 million unit sales for first time Led by SUV models like CR-V, Vezel and XR-V XR-V Japan N-BOX N-BOX Series achieves No.1 sales in mini-vehicle category Vezel achieves No.1 sales in SUV category Global sales of Vezel/HR-V/XR-V surpassed 600 thousand units Vezel 3
Outline of FY16 Results Summary (Consolidated) Results Summary Full-model changes of core models in N.A., the positive effect of HR-V introductions in various markets and cost reduction efforts led to an improvement in the company’s fundamental profit structure, but an increase in quality related costs as well as the negative impact of emerging market currencies resulted in operating profit of 503.3 billion yen. 12-month results FY15 and FY16 FY15 FY16 Sales Revenue / Operating Profit / Profit for the Period Consolidated Unit Sales Yen （ billion ） Unit (thousand) 7,000 14,601.1 4,000 800 800 15,000 3,513 3,636 10,725 10,572 5,983 5,965 670.6 11,000 13,328.0 3,500 6,000 13,000 600 600 503.3 509.4 9,000 3,000 5,000 11,000 2,500 400 400 344.5 7,000 4,000 9,000 2,000 200 200 5,000 3,000 7,000 1,500 1,000 3,000 5,000 0 2,000 0 Profit for the Motorcycles Automobiles Power Products Sales Revenue Operating Profit Period 4
FY16 Unit Sales Results FY15 FY16 Honda Group Unit Sales 12-Month Results Honda Group Unit (thousand) Unit Sales FY15 FY16 Change 20,000 5,000 4,743 7,000 17,592 17,055 (thousand) 4,367 5,983 5,965 17,592 17,055 - 3.1% Motorcycles 15,000 4,000 6,000 Automobiles 4,367 4,743 + 8.6% 10,000 3,000 5,000 5,983 5,965 - 0.3% Power Products 5,000 2,000 4,000 Motorcycles Automobiles Power Products 12-Month Results Consolidated Unit Sales Consolidated Unit 20,000 (thousand) Unit Sales 5,000 7,000 FY15 FY16 Change (thousand) 5,983 5,965 10,725 10,572 - 1.4% 15,000 Motorcycles 4,000 6,000 3,513 3,636 10,725 10,572 3,513 3,636 + 3.5% Automobiles 10,000 3,000 5,000 5,983 5,965 - 0.3% Power Products 4,000 2,000 5,000 Motorcycles Automobiles Power Products Honda Group Unit Sales - Decrease in motorcycle unit sales due mainly to decline in sales in Indonesia and South America, despite sales growth in Pakistan and Vietnam - Increase in automobile unit sales due primarily to new model launches and full model changes in China and North America, despite decreased sales in Japan 5
FY16 Financial Results (consolidated) 12 Months Financial Summary Financial Results FY15 FY16 Change Sales revenue increased 9.6% primarily 13,328.0 14,601.1 + 9.6% Sales revenue due to increases in automobile and financial 670.6 503.3 - 24.9% Operating profit services business operations. 5.0% 3.4% - 1.6 pt Operating margin Operating profit decreased by 24.9% due Share of profit of investments 96.0 126.0 + 31.1% accounted for using the equity method primarily to increased SG&A expenses, including 806.2 635.4 - 21.2% Profit before income taxes quality related costs, and negative foreign currency effects, despite an increase in sales Profit for the period 509.4 344.5 - 32.4% attributable to owners of the parent volume and model mix and continuing cost *1 (Yen) *1 Earnings per share - 91.5 282.66 191.16 reduction efforts. attributable to owners of the parent Market average rates (Yen) For *1, please refer to footnotes on page 35 Yen down US Dollar 110 120 by 10 yen FY15 FY16 14,601.1 1,000 1,000 1,000 1,000 15,000 Yen ( billion ) 13,328.0 806.2 800 800 13,000 800 800 670.6 635.4 600 600 600 11,000 600 509.4 503.3 344.5 400 400 9,000 400 400 200 200 200 7,000 96.0 126.0 200 0 0 0 5,000 0 Share of profit of Profit for the period Profit before Operating Profit Sales Revenue investments accounted for attributable to owners 6 Income Taxes using the equity method of the parent
FY17 Financial Forecast (Consolidated) Yen (billion) Change FY16 FY17 Forecast Results amount % 14,601.1 13,750.0 Sales revenue - 851.1 - 5.8% 503.3 600.0 + 96.6 Operating profit + 19.2% 3.4% 4.4% + 1.0 pt Operating margin Share of profit of investments 126.0 130.0 + 3.9 + 3.2% accounted for using the equity method Profit before income 635.4 705.0 + 69.5 + 10.9% taxes Profit for the year 344.5 390.0 + 45.4 + 13.2% attributable to owners of the parent (Yen) Earnings per share 216.39 + 25.23 191.16 *1 attributable to owners of the parent For *1, please refer to the footnote on page 35 Market average rates (Yen) 120 105 Yen up by 15 yen US Dollar 7
Dividend Yen FY16 FY17 FY15 Dividend per Share Increase/ Increase/ ( Projection) Decrease from Decrease from (Expectation) FY15 FY16 1 st Quarter End 22 22 - ( 22 ) ( - ) 2 nd Quarter End 22 22 - ( 22 ) ( - ) 3 rd Quarter End 22 22 - ( 22 ) ( - ) 4 th Quarter End 22 ( 22 ) ( - ) ( 22 ) ( - ) 88 ( 88 ) ( - ) ( 88 ) ( - ) Fiscal Year 8
Topics - FY16 4th Quarter and Twelve-Month Financial Results - 4th Quarter Financial Results - Honda Group Unit Sales Summary - Change in Sales Revenue - Change in Profit before Income Taxes - Business & Geographical Segment Information - Share of profit of investments accounted for using the equity method - Capital Expenditures - FY17 Financial Forecast Kohei Takeuchi Senior Managing Officer and Director Chief Financial Officer 9
FY16 4th Quarter Unit Sales FY15 FY16 Honda Group Unit Sales 4Q Results (3 Months) Honda Group Unit (thousand) Unit Sales FY15 FY16 Change 5,000 1,400 1,229 2,500 4,307 4,173 (thousand) 1,200 1,069 4,000 2,022 1,955 4,307 4,173 - 3.1% 1,000 Motorcycles 2,000 3,000 800 600 Automobiles 1,069 1,229 + 15.0% 2,000 1,500 400 1,000 200 2,022 1,955 - 3.3% Power Products 0 0 1,000 Motorcycles Automobiles Power Products 4Q Results (3 Months) Consolidated Unit Sales Consolidated Unit 5,000 (thousand) 1,400 Unit Sales FY15 FY16 Change 2,500 (thousand) 1,200 4,000 980 1,000 2,022 1,955 881 2,777 2,633 - 5.2% Motorcycles 2,777 2,633 2,000 3,000 800 600 2,000 881 980 + 11.2% Automobiles 1,500 400 1,000 200 2,022 1,955 - 3.3% Power Products 0 0 1,000 Motorcycles Automobiles Power Products Honda Group Unit Sales - Decrease in motorcycle unit sales due mainly to decreased sales in Brazil and China, despite sales growth in Pakistan and Philippines - Automobile unit sales increased due to sales growth in North America and China, as well as the positive impact of new model introductions in Indonesia. 10
FY16 4th Quarter Financial Results (Consolidated) 4Q Results (3 Months) Financial Summary Financial Results FY15 FY16 Change Yen (billion) Sales revenue increased 4.8% primarily 3,491.5 3,657.8 + 4.8% Sales revenue due to an increase in automobile business Operating profit 86.0 - 63.8 - operations despite negative foreign currency translation effects. 2.5% - 1.7% - 4.2 pt Operating margin Share of profit of investments 17.9 8.3 - 53.3% accounted for using the equity Operating loss declined by JPY 149.9 billion due method primarily to increased SG&A expenses, including Profit before income taxes 107.6 - 58.7 - quality related costs, and negative foreign Profit for the period 81.9 - 93.4 - attributable to owners of the parent currency effects, despite an increase in sales *1 *1 (Yen) Earnings per share volume and model mix and continuing cost - 97.30 45.45 - 51.85 attributable to owners of the parent reduction efforts. Market average rates (Yen) Yen up by US Dollar 119 115 4 yen For *1, please refer to footnotes on page 35 Yen Operating Profit Operating Margin (billion) 10% FY15 300 239.2 FY15 FY16 FY16 6.5% 8% 210.0 205.5 6.0% 168.9 5.4% 200 164.8 163.0 6% 6.4% 4% 86.0 100 4.6% 2.5% 4.5% 2% 0 0% -1.7% -63.8 -2% -100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 11
Motorcycle - Honda Group Unit Sales (Motorcycles + All-Terrain Vehicles, etc.) Unit (thousand) <Asia> ・ Decreased sales in China - 134 ・ Increased sales in Pakistan and Philippines ( - 3.1 % ) <Other Regions> Activa (India) ・ Decreased sales in Brazil 5,000 4,500 4,000 3,500 4,585 4,407 4,370 4,352 4,348 4,307 4,173 4,105 3,000 2,500 2,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY15 FY16 48 50 49 52 47 50 41 42 Japan North 61 68 72 85 75 75 69 89 America 60 46 33 52 66 48 33 57 Europe 3,762 3,815 4,036 3,732 3,571 3,851 3,968 3,743 Asia Other 421 369 395 386 346 346 296 242 Regions Total 4,352 4,348 4,585 4,307 4,105 4,370 4,407 4,173 12
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