FY17 1st Quarter Financial Results NSX Honda Motor Co., Ltd. (North America) August 2, 2016 1
Topics - FY17 1st Quarter News Topics - FY17 1st Quarter Financial Results - FY17 Financial Forecasts - Dividend 2
FY17 1st Quarter News Topics First delivery of new NSX Supercar (May ： N. America) • Precision crafted performance brings new value to super sports car segment New Ridgeline*sales start (June: N. America) • Class-leading payload capacity and dynamic performance • Available with world’s first truck bed audio system Global rollout of fully remodeled Civic • Following N. America and Thailand, sales of the Civic started in China and Malaysia in Q1 Start-up of No. 2 line at 4 th Motorcycle Plant in India (Ahmedabad, Gujarat) • Plant mainly dedicated to Activa scooter production - Activa : Best selling two-wheeler in India for six consecutive months (Jan.–June, 2016) • Motorcycle production capacity in India increases to 5.8 million units * http://automobiles.honda.com/ridgeline 3
Outline of FY17 1st Quarter Results Summary (Consolidated) Results Summary Negative FOREX effects due to a stronger yen and the impact of the 2016 Kumamoto Earthquake were more than offset by the positive effect of new model introductions, full model changes of existing models, cost reduction efforts and a decline in quality related expenses resulting in operating profit of 266.8 billion yen, an 11.5% increase from the same period a year ago. 1st Quarter Results FY16 and FY17 FY16 FY17 Consolidated Unit Sales Sales Revenue / Operating Profit / Profit for the period Unit Yen (thousand) (billion) 1,800 3,000 300 300 4,000 1,000 3,704.7 266.8 2,831 3,471.7 888 908 239.2 250 250 1,558 1,600 2,750 1,488 186.0 174.6 3,000 200 200 2,545 1,400 2,500 150 150 750 100 2,000 100 1,200 2,250 50 50 2,000 500 1,000 0 1,000 0 Profit for the period Motorcycles Automobiles Power Products Sales Revenue Operating Profit attributable to 4 owners of the parent
FY17 1st Quarter Unit Sales FY16 FY17 Honda Group Unit Sales 1Q Results (3 Months) Honda Group Unit (thousand) Unit Sales FY16 FY17 Change 5,000 1,400 4,105 4,352 1,147 1,213 1,800 (thousand) 1,200 4,000 1,558 1,488 1,600 4,105 4,352 + 6.0% 1,000 Motorcycles 3,000 800 1,400 600 Automobiles 1,147 1,213 + 5.8% 2,000 400 1,200 1,000 200 1,558 1,488 - 4.5% Power Products 0 0 1,000 Motorcycles Automobiles Power Products 1Q Results (3 Months) Consolidated Unit Sales Consolidated 5,000 1,400 Unit Sales FY16 FY17 Change Unit 1,800 (thousand) (thousand) 1,200 4,000 1,558 888 908 1,600 1,000 1,488 2,545 2,831 + 11.2% 2,545 2,831 Motorcycles 3,000 800 1,400 600 2,000 888 908 + 2.3% Automobiles 400 1,200 1,000 200 1,558 1,488 - 4.5% Power Products 0 0 1,000 Motorcycles Automobiles Power Products Honda Group Unit Sales ・ Big leap in motorcycle unit sales in Asia, especially India, offsets declines in Brazil, elsewhere ・ Higher automobile unit sales driven by robust sales in China as well as gains in N.A. and Europe due to new model launches and full model changes of existing models 5
FY17 1st Quarter Financial Results (Consolidated) 1Q Results (3 Months) Financial Summary Financial Results FY16 FY17 Change Yen (billion) Sales revenue decreased by 6.3% primarily 3,704.7 3,471.7 - 6.3% Sales revenue due to negative foreign currency translation Operating profit 239.2 266.8 + 11.5% effects despite an increase in automobile and motorcycle consolidated unit sales and 6.5% 7.7% + 1.2 pt Operating margin other factors Share of profit of investments 38.3 27.2 - 29.0% accounted for using the equity method Operating profit increased by 11.5% mainly 282.3 288.4 + 2.2% Profit before income taxes due to cost reduction efforts, higher revenue Profit for the period 186.0 174.6 - 6.1% associated with sales volume and model mix attributable to owners of the parent as well as a decline in SG&A expenses, *1 Earnings per share 103.22 96.93 - 6.29 (Yen) attributable to owners of the parent including quality related expenses, despite Market average rates (Yen) For *1, please refer to the footnote on page 22 foreign currency effects and other factors Yen up US Dollar 121 108 by 13yen Operating Profit Operating Margin Yen (billion) 10% 7.7% 300 FY16 266.8 FY16 FY17 239.2 8% FY17 200 164.8 163.0 6% 4.6% 4.5% 6.5% 4% 100 2% 0 0% -1.7% -63.8 -2% -100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 6
FY17 Financial Forecasts (Consolidated) No changes have been made to the previous forecasts (on May 13, 2016) 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 22 Market average rates (Yen) 120 105 Yen up by 15 yen US Dollar 7
Dividend Yen FY16 FY17 Dividend per Share Increase/ Decrease from (Expectation) FY16 1 st Quarter End 22 22 - 2 nd Quarter End 22 ( 22 ) ( - ) 3 rd Quarter End 22 ( 22 ) ( - ) 4 th Quarter End 22 ( 22 ) ( - ) 88 ( 88 ) ( - ) Fiscal Year 8
Topics - FY17 1st 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 9
Motorcycle - Honda Group Unit Sales (Motorcycles + All-Terrain Vehicles, etc.) Unit (thousand) ＜ Asia ＞ ・ Increase in scooter sales in India ・ Increased sales in Vietnam and Philippines + 247 ・ Decreased sales in China, other ( + 6.0 % ) Activa (India) ＜ Other Regions ＞ ・ Decreased sales in Brazil, other 5,000 4,500 4,000 3,500 4,407 4,370 4,352 4,173 4,105 3,000 2,500 2,000 1Q 2Q 3Q 4Q 1Q FY16 FY17 47 50 41 42 29 Japan North 75 75 69 89 78 America 66 48 33 57 72 Europe 3,571 3,851 3,968 3,743 3,885 Asia Other 346 346 296 242 288 Regions Total 4,105 4,370 4,407 4,173 4,352 10
Automobiles - Honda Group Unit Sales Unit (thousand) ＜ North America ＞ ・ Positive effect of Pilot, Ridgeline and Civic full model changes + 66 ＜ Europe ＞ ( + 5.8 % ) ・ Positive effect of HR-V introduction and full model change of Jazz Civic Coupe (North America) ＜ Asia ＞ ・ Increased sales in China centering on SUV models 1,300 1,200 1,100 1,000 1,228 1,229 1,213 1,147 1,139 900 800 700 1Q 2Q 3Q 4Q 1Q FY16 FY17 147 168 151 202 146 Japan North 497 473 466 493 510 America 32 42 43 55 45 Europe 405 395 503 420 453 Asia Other 66 61 65 59 59 Regions Total 1,147 1,139 1,228 1,229 1,213 11
Power Products - Honda Group Unit Sales Unit (thousand) ＜ Japan ＞ ・ Decrease in water pump OEM engines, other - 70 ＜ North America ＞ ( - 4.5 % ) ・ Decrease in lawnmower OEM engines, other EU2000i (Generator) ・ Increased sales of portable generators, other 2,500 2,000 1,500 1,000 1,955 1,558 1,488 1,275 1,177 500 0 1Q 2Q 3Q 4Q 1Q FY16 FY17 85 115 62 101 59 Japan North 804 532 469 1,006 769 America 231 174 190 413 225 Europe 340 346 344 319 360 Asia Other 98 108 112 116 75 Regions Total 1,558 1,275 1,177 1,955 1,488 12
Change in Sales Revenue <FY17 1st Qtr> Yen (billion) - 233.0 ( - 6.3 % ) Excluding currency translation effects + 168.0 ( + 4.5 % ) + 35.2 + 0.4 + 96.1 - 401.0 ( + 0.6 %) ( + 7.4 %) + 36.1 ( + 3.6 %) 3,704.7 Power Product ( + 7.6 %) Financial Services & Automobile Business Motorcycle Other Businesses 3,471.7 Business Business Currency Sales Revenue FY16 1Q FY17 1Q Effects Motorcycles 472.7 432.4 Automobiles 2,675.8 2,498.9 Financial Services 473.6 464.6 Business Power Product & 82.5 75.6 Other Businesses Total 3,704.7 3,471.7 Market average rates (Yen) US Dollar 121 108 FY16 1Q FY17 1Q 13
Change in Profit before Income Taxes <FY17 1st Qtr> Yen (billion) Profit before Income Taxes + 6.1 ( + 2.2 % ) Operating Profit + 27.5 ( + 11.5 % ) + 36.8 - 24.3 - 75.8 + 45.7 Increase in Decrease in R&D SG&A + 45.1 - 11.0 Cost Reduction, - 10.2 288.4 282.3 Currency etc. Share of profit of Effects Finance income Revenue, investments <Increase Factors> and accounted for model mix, finance costs - Decreased product warranty using the equity etc. method expenses, etc. - JPY / USD - 27.5 - USD / Others - 16.0 (BRL, CAD, MXN) - 20.0 <Increase Factors> - JPY / Asian Currencies - Raw material price decrease , (INR, THB, VND, CNY, IND) Operating - 12.3 Operating - Cost reduction efforts, etc. - Others Profit Profit 239.2 - Currency Effects - 15.7 266.8 - Interest rate swap/currency swap + 2.5 + 2.8 - Others FY16 1Q FY17 1Q 14
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