Outline of Consolidated Results for FY2019 April 30, 2020 Toyota - PowerPoint PPT Presentation

Outline of Consolidated Results for FY2019 April 30, 2020 Toyota Tsusho Corporation

Contents 1. Outline of Consolidated Results for FY2019 P.3 2. Shareholder Returns for FY2019 P.10 3. Supplementary Materials P.12 2

１ . Outline of Consolidated Results for FY2019

Outline of Consolidated Results FY2019 （ Unit: Billion yen ） <Reference: Foreign Exchange Rate> FY2018 FY2019 Variance FY2018 FY2019 YoY USD 111yen 109yen -2yen Results Results Change EUR 128yen 121yen -7yen 638.4 639.8 +1.4 Gross Profit 215.1 210.3 (4.8) Operating Profit Profit before 229.1 224.8 (4.3) Income tax Profit (attributable 132.6 135.5 +2.9 to owners of the parent) Japan 321 Japan 330 Toyota Motor’s Automotive Production (units: ten thousands) Overseas 572 Overseas 544 4

“ Corona impact ” shows the impact of the new coronavirus infection on our business performance. Profit Analysis （ Unit: Billion yen ） ※ Profit attributable to owners of the parents” is presented as ”Profit” in the following pages FY2018 FY2019 Change Main Factor of Changes ※ “Corona impact” shows the impact of the new coronavirus infection on our business performance. - ＊ Others (82.5) (74.8) +7.7 Finance Income ・ Divestment of electric power business in Canada 9.6 16.9 +7.3 < Effect from pre. fiscal year> and Costs ・ Accrued dividends receivable forex difference +3.4 ・ Impairment in metal resources business Equity Gain / 2.4 ・ Impairment in electric power business +2.6 ・ Effect from impairment of electric power business 4.3 (6.7) Loss ・ Energy business bad debt +2.2 in the pre. Fiscal year -9 ・金属 ・ Oil business bad debt +1.6 +1 ・ Impairment in fixed assets of steel sheet business in Europe ・食料生活 +1.2 Tax Expense (74.4) (69.0) +5.4 ・ Due to profit decline of consolidated subsidiaries ・ Business restructuring +1.1 Non-controlling ・ Tax refund in North America -1.5 ・ Due to profit decline of consolidated subsidiaries (22.1) (20.2) +1.9 Interests ・ Impairment in renewable energy business -1.0 Markets/ Demand/ Forex Effect Automotive Others Prices Trading Volume Retails +5.3 -5.5 -1.3 -8.8 +5.5 -82.5 -74.8 Other Other (Corona impact incl. -3.8) Profit/Loss ・ Metals -1.1 Profit/Loss (Corona impact incl. -0.8) ・ Metals ・ Food & -5.4 -0.2 ・ Africa ※ +8.5 ※ ・ Chemical & Ele. Consumer -5.2 215.1 ・ Automotive -3.0 210.3 ・ Machinery -0.6 ・ Global Parts -0.5 ・ Africa +0.4 ・ Food & +2.5 135.5 132.6 Consumer Operating Operating Profit Profit -4.8 Profit Profit +2.9 FY2019 FY2018 5

Summary of Division Profits （ Unit: Billion yen ） FY2018 FY2019 Division Changes Main Factors Results Results ・ Decrease in trading volume of automobile production- related products 35.3 18.9 (16.4) Metals ・ Decline in the market ・ impairment in the metal resources business Global Parts ・ Decrease in dividend income 23.7 22.3 (1.4) & Logistics ・ Impact of exchange rate fluctuations ・ Decrease in sales volume at overseas auto 22.7 19.7 (3.0) Automotive dealerships Machinery, ・ Divestment of shares in an affiliate in the electric power business 18.7 35.1 +16.4 Energy & Project ・ One-time loss in the pre. fiscal year ・ Profit margin shrinkage in the electronics business Chemicals 18.4 22.7 +4.3 ・ Profit increased due to the impact of one-off loss in the previous & Electronics year ・ Due to improve profitability of food business Food & 1.7 5.8 +4.1 ・ High profit margin business increase Consumer Services 10.1 14.0 +3.9 Africa ・ Automotive sales growth 1.6 (3.4) (5.0) Others ・ Tax burden of reorganization 132.6 135.5 +2.9 Total 6

One-off Gains and Losses (Profit) （ Unit: Billion yen ） 19/3 20/3 Division results Main Factor results Main Factor ・ Impairment in fixed assets of steel sheet business ・ Impairment in metal resources business -6.0 in Europe -1.0 (8.5) (1.5) Metals ・ Impairment in aluminum business -1.5 ・ Impairment in scrapped car dismantling etc. business in china -0.5 ・ Tax effect of liquidation settlement of consolidated Global Parts 0.0 (0.5) ・ Withdraw from parts business in Asia -0.5 subsidiary +1.0 & Logistics ・ Impairment in parts business related, etc. -1.0 ・ Impairment in business in Central and South - (1.5) Automotive America -1.0 ― ・ Impairment in used car business in Asia -0.5 ・ Divestment of electric power business in Canada +13.0 ・ Impairment in electric power business -4.0 ・ Impairment in electric power business -2.5 Machinery, (6.5) 6.0 ・ Impairment in electric power business related -4.0 ・ Impairment in electric power business in Asia -3.0 Energy & Project ・ North American tax refund +1.5 ・ Impairment in electric power business in Australia-1.0 etc. ・ Divestment of shares +0.5 Chemicals ・ Divestment of game business +0.5 ・ Divestment of superabsorbent polymer business +0.5 (3.5) 2.0 & Electronics ・ Impairment in superabsorbent polymer business -4.0 ・ Impairment in tax on synthetic resin’s company in North America +1.0 Food & ・ Impairment in overseas beverage business -3.0 (2.5) (2.0) ・ Impairment in overseas beverage business -2.5 ・ Divestment of investment property +0.5 Consumer Services ・ Business restructuring costs -0.5 - 0.0 Africa ― ・ Gain on step acquisitions of retail business +1.0 ・ Tax due to withdrawal of resource-related business +2.5 (2.0) 4.0 Others ・ Tax burden of reorganization -2.0 ・ Previous year tariffs in North America +1.0 (11.5) (5.0) Total ※ One-off gains and losses are rounded to the nearest 0.5 billion yen 7

Consolidated Financial Position （ Unit: Billion yen ） Mar. 31, 2019 Mar. 31, 2020 Current Current Current Liabilities Current Liabilities Assets Assets 1,890.0 1,878.2 2,803.2 2,818.2 Non-Current Non-Current Liabilities Liabilities 1,161.7 1,294.4 Non-Current Non-Current Assets Assets Net Assets Net Assets 1,638.2 1,726.9 1,389.6 1,372.4 Mar. 31, 2019 Mar. 31, 2020 Changes Total assets 4,441.4 4,545.2 +103.8 Net worth 1,195.8 1,196.6 +0.8 Net interest-bearing debt 988.4 1,032.4 +44.0 Net interest-bearing debt 983.8 922.1 (61.7) (excluding lease liabilities) Net DER (times) 0.83 0.86 +0.03 Net DER (times) 0.82 0.77 (0.05) (excluding lease liabilities) Current ratio (%) 148 150 +2 8

Consolidated Cash Flows （ Unit: Billion yen ） FY2018 FY2019 Cash flows from operating activities 267.8 Cash flows from operating activities 210.7 Profit before income taxes 224.8 Profit before income taxes 229.1 Depreciation and amortization 103.5 Depreciation and amortization 76.0 Income taxes paid 74.6 Income taxes paid -63.4 Working capital Working capital -6.9 -46.5 267.8 210.7 55.2 38.4 -38.7 -34.8 -173.9 -137.5 Cash flows from investing Cash flows from investing activities -173.9 activities -137.5 ＜ Investments ＞ -181.5 ＜ Investments ＞ -156.1 Mobility -87.2 -50.8 Mobility Cash flows Resources & Environment -71.9 -69.6 from operating activities Resources & Environment Life & Community -22.4 Cash flows -35.7 Life & Community ＜ Others ＞ +7.6 from investing activities Increase of time deposits, Dividend payment ＜ Others ＞ +18.6 Cash from the sale of assets, Cash from the sale of assets, etc. Gain cash due to acquisition of shares from Free cash flow after Dividend payment subsidiaries etc. 9

２ . Shareholder Returns for FY2019

FY2019 Shareholder Returns Policy / ROE We will endeavor to maintain a stable dividend and Shareholder increase dividend per share, with a consolidated dividend payout ratio of Returns Policy 25% or more as a basic policy. 200.0 Dividend per share 29.1 Profit attributable to owners of the parents 28.6 30 (Billion yen) （ Yen ） 26.5 Dividend 25.4 150.0 135.5 130.2 payout ratio(%) 132.6 25 22.8 ROE(%) 107.9 11.7 100.0 Not yet 11.3 11.2 20 fixed 67.5 110 94 10.8 100 Yen 50.0 Yen 6.4 Yen 15 70 56 62 Yen yen Yen -43.7 0.0 10 -4.3 (50.0) 5 FY2014 ※ FY2015 FY2016 FY2017 FY2019 FY2020 ※ FY2018 Forecast ※ International accounting standards (IFRS) have been voluntarily applied from the 17th fiscal period, and the Japanese accounting standard figures are displayed for the 15th fiscal period and the 16th fiscal period. 11

3. Supplementary Materials

Metals Division (Profit) （ Unit: Billion yen ） FY2018 FY2019 Change Main Factor of Changes ※ Others (18.0) (27.9) (9.9) Finance income and costs (2.6) (3.1) (0.5) ― Equity gain / loss 2.2 (8.9) (11.1) Impairment in metal resources business Tax expense (14.2) (13.9) +0.3 ― Non-controlling interests (3.4) (1.7) +1.7 Decrease in profit of consolidated subsidiaries Forex Effect Demand/ Markets/Prices ・ Impairment in fixed assets of steel sheet Trading Volume -0.7 business in Europe +1.2 -1.1 -5.4 Others -18.0 +0.7 Other ・ Aluminum in North America -0.9 Profit/Loss ※ -27.9 53.3 （ Corona Impact incl. -1.8 ） ・ Automotive steel sheet -1.8 Other 46.8 in North America Profit/Loss ・ Automotive steel sheet in Thailand -1.6 35.3 ※ ・ Automotive steel sheet in India -1.1 Operating Operating 18.9 -6.5 Profit Profit Profit Profit -16.4 FY2018 FY2019 13