nissan motor co., ltd.€¦ · 850 410 990 1,100 3,750 3,282 400 china +11.8% 960 600 1,220 (945)...
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![Page 1: Nissan Motor Co., Ltd.€¦ · 850 410 990 1,100 3,750 3,282 400 China +11.8% 960 600 1,220 (945) 615 4,100 FY10 Revised Outlook 705 950 510 1,020 1,140 4,050 430 Previous ... Zhengzhou](https://reader031.vdocument.in/reader031/viewer/2022022623/5bb74d3209d3f2f7768d4e81/html5/thumbnails/1.jpg)
2010 Nomura CEO Forum
Nissan Motor Co., Ltd.
December 2, 2010
Chief Operating OfficerToshiyuki SHIGA
1 2010 Nomura CEO Forum
FY10 first-half performance/ FY10 outlook
Environment for auto industry
Nissan’s strategy for growth
![Page 2: Nissan Motor Co., Ltd.€¦ · 850 410 990 1,100 3,750 3,282 400 China +11.8% 960 600 1,220 (945) 615 4,100 FY10 Revised Outlook 705 950 510 1,020 1,140 4,050 430 Previous ... Zhengzhou](https://reader031.vdocument.in/reader031/viewer/2022022623/5bb74d3209d3f2f7768d4e81/html5/thumbnails/2.jpg)
2 2010 Nomura CEO Forum
3,383.4
4,319.1
9.0
94.9
208.4
149.7
+27.7%
+252.9%
334.9
(billion yen)
Net revenue Operating profit
Net income Free cash flow(Auto)
Key performance indicators: Financial results
215.7
FY101H
FY091H
FY101H
FY091H
FY101H
FY091H
FY101H
FY091H
+2,215.9%
Net debt(Auto)
293.3
-69.3
FY101H
FY091H
3 2010 Nomura CEO Forum
(th
ou
san
d u
nit
s)
Retail volume
FY101H
FY091H
+12.6%Europe
+15.3%Japan
+32.9%Others
Change vs. FY09 1HAll
regions +23.8%
503
277
580(445)
328
2,009
1,623
321
+51.4%China
+11.8%(+9.8%)
North America
(US)
FY10 first-half sales performance: Global
(millio
n u
nit
s)
TIV*
FY101H
FY091H
-3.5%Europe
+16.8%Japan
+18.4%Others
Change vs. FY09 1HAll
regions +14.5%
8.21
8.86
7.33(6.08)
2.54
35.93
31.38
8.99
+45.6%China
+8.0%(+8.3%)
North America
(US)
FY101H
*Nissan’s estimation
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4 2010 Nomura CEO Forum
(billion yen)
Operating profit
315.1 +281.9Ordinary profit
315.5 +295.2
Non-operating
0.4Extraordinary
94.9
33.2
-61.7
Profit before tax
VarianceFY101H
FY091H
FX rate 88.9 JPY/USD113.8 JPY/EUR
95.5 JPY/USD133.2 JPY/EUR
-12.9
20.3
FY10 first-half financial performance
Net revenue 3,383.4
334.9
-19.8
4,319.1 +935.7
+240.0
-6.6 JPY/USD-19.4 JPY/EUR
Net income 208.4
Taxes -91.4
9.0
Minority interest -15.7
-11.6
0.3
+199.4
+27.7%
+252.9%
+848.8%
+1,455.9%
+2,215.9%
Effective tax rate (29.0%)(56.9%)
Change vs FY09 (%)
5 2010 Nomura CEO Forum
FY10 outlook
(th
ou
san
d u
nit
s)
+14.3%(+14.7%)
North America
(US)
+17.9%Europe
-2.4%Japan
+27.5%Others
vs. Prev.Outlook
Global +16.7%
860
510
1,205(945)
600
3,8003,515
(th
ou
san
d u
nit
s)
Retail volume Production volume
FY10PreviousOutlook
FY09 FY09
625
+27.1%China
+3.0%North
America
+24.4%Europe
+3.6%Japan
+7.5%Others
vs. Prev. Outlook
Global +8.0%
850
410
990
1,100
3,750
3,282
400
+11.8%China
960
600
1,220(945)
615
4,100
FY10RevisedOutlook
705
950
510
1,020
1,140
4,050
430
FY10PreviousOutlook
FY10RevisedOutlook
+1.2%(±0.0%)
+17.6%
+2.5%
+12.8%
vs. FY09
+7.9%
+11.6%
756
509
1,067(824)
630
553
+21.9%
+14.6%
+11.2%
+96.0%
+23.4%
+25.7%
vs. FY09
756
445
837
1,025
219
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6 2010 Nomura CEO Forum
(billion yen)
Net revenue
Net income
Ordinary profit
Operating profit
*VarianceFY10
340.03.9%
425.0R&Dsales ratio
CAPEXsales ratio
FX rateassumption
* Forecast
4.8%
84.4 (2H: 80.0)
+1,252.7
+242.3
+227.6
8,770.0
270.0
450.0
485.0
(JPY/USD)
FY10 outlook
FY09
7,517.3
42.4
207.7
311.6
273.63.6%
385.55.1%
92.9
+173.4
111.9 (2H: 110.0)(JPY/EUR) 131.2
7 2010 Nomura CEO Forum
FY10 first-half performance/ FY10 outlook
Current environment in the auto industry
Nissan’s strategy for growth
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8 2010 Nomura CEO Forum
Environment in the auto industry
Rapid growth in emerging countries
Ascent of Korean makers and powers from emerging
countries
Urgency for development in environment technology
Shift to alliances to compensate own weakness
Decline in competitiveness of Japanese industries in global
arenas
Affordability, down sizing
9 2010 Nomura CEO Forum
Global TIV evolution (actual and forecast)
80,000
60,000
40,000
20,000
00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16
Japan/US/Europe
(th
ou
san
d u
nit
s)
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10 2010 Nomura CEO Forum
ドイツ 中国
米国
Number of vehicles owned per 1,000 persons
1,0006004000 200 800 (units)
150150
800800
600600
250250
<50<50
Russia
Germany
US
India
China
Brazil
UK
Japan
France
Vehicle ownership in emerging countries with large populations, such as China and India, is still low, allowing opportunities to expand in those markets.
11 2010 Nomura CEO Forum
1850 1900 1950 2000 2050
10000
20000
30000
40000
Oil production has reached its peak
Calculation based on BP figures, WBCSD SMP reports, IEA WEO, and JPDA sources
Co
nsu
mp
tio
n (
M b
bl)
1908Ford Model T
1859First Modern Oil Well
Oil ConsumptionOil Consumption
Oil Consumption for VehiclesOil Consumption for Vehicles
Oil ProductionOil Production
2009 28400M bbl2009 28400M bbl
2009 28000M bbl2009 28000M bbl
The 21st centuryThe 20st centuryThe 19st century
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12 2010 Nomura CEO Forum
Global warming: Long-term targets for CO2 reduction
40
60
80
100
0
20
2000 2010 2050
New
car’
s W
ell T
o W
heel
CO
2 em
issi
on
s (%
)
450ppm
Need to keep CO2 concentration below 450ppm⇒ To achieve 450ppm, need to reduce CO2 emission from all new vehicles by 90% by 2050 (vs. 2000)
2020 2030 2040
90 %
Re
du
ctio
n
13 2010 Nomura CEO Forum
FCV
100
80
60
40
20
0
ICE HEV EVDiesel
Ren
ew
ab
le e
lect
rici
ty
Ren
ew
ab
le h
ydro
gen
Zero emissionZero emission
Well to wheel CO2 emission
The ultimate measures are zero emission vehicles and clean energy
New
car’
s W
ell T
o W
heel
CO
2 em
issi
on
s (%
)
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14 2010 Nomura CEO Forum
Regenerating
Drive EnergyDrive Energy
Biofuel
Storage
Electrical energy
Era of Renewable EnergyTime to utilize electric energy that can be generated in a short amount of time
Fossil fuel
15 2010 Nomura CEO Forum
FY10 first-half performance/ FY10 outlook
Environment in the auto industry
Nissan’s strategy for growth
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16 2010 Nomura CEO Forum
Significant changes in the automotive landscape
Emerging markets
Affordable, compact car
Environment technology
New growth strategies are now required
17 2010 Nomura CEO Forum
Strategies to address new challenges
Zero emission leadershipZero emission leadership
Global compact car:Challenge to “Monozukuri”Global compact car:Challenge to “Monozukuri”
Actions to address rapid growth in emerging marketsActions to address rapid growth in emerging markets
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18 2010 Nomura CEO Forum
135 165
390
200618
240
179
297
363
458
545
756
960
160 185
885
Established the biggest automotive joint venture in China in 2003
Established the biggest automotive joint venture in China in 2003
>1,200
Zhengzhou DFL
Huadu DFL
Current
Xiangfang DFL
Production capacity(k units) (2 shifts)
CY12Xiangfang DFAC
CY06CY05 CY08CY07 CY09CY04 CY10F
Sales volume(k units)
Emerging market offensive: China
19 2010 Nomura CEO Forum
Alliance plant
EuropeEurope
Middle East
Middle East
AfricaAfricaChennaiChennai
Will start exporting to 100 countries including Europe from late 2010. Planned export volume for 2011 is 110,000 units.
Established 200 K new plantto immediately capture export business and domestic market
Established 200 K new plantto immediately capture export business and domestic market
Emerging market offensive: India
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20 2010 Nomura CEO Forum
Emerging market offensive: Russia
Increase Alliance market share to 40%Increase Alliance market share to 40%
• St. Petersburg production
X-TRAIL Teana Murano
• Production capacity: 50 k units
Synergy with Avtovaz
・Platform commonization
・Mutual usage of production facilities
21 2010 Nomura CEO Forum
Affordable transportation: Global compact car
Challenge to “Monozukuri” in emerging countriesChallenge to “Monozukuri” in emerging countries
3 products by FY12
New XTRONIC CVT
3-cylinderSuper-charged engine
Accessible eco-friendliness
All are produced in LCC(Thailand, India, China and Mexico)
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22 (C) Copyright NISSAN MOTOR CO., LTD. 2010 All rights reserved.
Nissan LEAFThe word’s first truly practical and
affordable 100% electric zero-emission car
Zero emission leadership
23 2010 Nomura CEO Forum
Zama, Japan
Smyrna, USA
Sunderland, UK
Aveiro, Portugal
500,000 battery and assembly capacities5 battery plants
500,000 battery and assembly capacities5 battery plants
Preparing for mass-marketing EVs
Oppama, Japan
Flins, France
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2010 Nomura CEO Forum
Change Surrounding Industries
New mobility business• Car sharing• Cooperation with public
transportation facilities
New mobility business• Car sharing• Cooperation with public
transportation facilities
Business related to EV parts• Expansion of power electronics components
• Equipment related to infrastructure
Business related to EV parts• Expansion of power electronics components
• Equipment related to infrastructure
Charging infrastructure• Amplification of charging stations• Synergy with service industry
Charging infrastructure• Amplification of charging stations• Synergy with service industry
Management of electricity• Expansion of natural energy use• “Smart House”• Secondary use of battery
Management of electricity• Expansion of natural energy use• “Smart House”• Secondary use of battery
EV creates new business opportunities.
25 2010 Nomura CEO Forum
Nissan‘s approach for the environmentTechnology pillars
Low CO2
(Low-fuel Consumption)
Hybrid
NissanLEAF
EV Series
IdlingStop
CleanDiesel
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26 2010 Nomura CEO Forum
Nissan’s approach for the environmentFirst PURE DRIVE vehicle: March
・ Nissan's newly developed 3-cylinder HR12DE engine
・ New-generation Xtronic CVT
・ "Idling Stop" system to help reduce gasoline consumption
・ Best-in-class fuel economy of 26.0km/L
27 2010 Nomura CEO Forum
Nissan’s approach for the environment
・ Clean diesel:Complies with Japan's stringent "Post New Long-term Regulations" emission standards(Sept 2008, MT model)
・ The X-TRAIL "20GT" is powered by the 2-liter "M9R" Clean Diesel engine with the addition of the new "20GT" 6-speed automatic transmission
Second PURE DRIVE vehicle: X-TRAIL
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28 2010 Nomura CEO Forum
・ Nissan original one-motor two-clutch parallel hybrid system
・ Fuel economy of 19.0 km/L
Intelligent Dual Clutch Control
lithium-ion battery
Nissan’s approach for the environmentThird PURE DRIVE vehicle: Fuga Hybrid
29 2010 Nomura CEO Forum
・ Equipped with Nissan's new Idling Stop system
・ Due to its ECO motor, the engine restarts quicker and is more quiet, resulting in a natural driving feel and best-in-class fuel economy of 15.4km/L
Fourth PURE DRIVE vehicle: Serena
Nissan’s approach for the environment
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30 2010 Nomura CEO Forum
4 key measures to mitigate impact from Yen appreciation and maintain NML Monozukuri competitiveness
Yen cost reduction• MFG cost reduction
• Reduction in fixed costs, G&A, R&D costs and NML expenses
Yen cost avoidance • Multi-sourcing, localization, imported parts, off-shore outsourcing
Yen revenue increase• Enhance sales volume in JPN market (15% in 2013)
• OEM sales
Yen cost absorption through pricing
• Pricing opportunities
• Branding
31 2010 Nomura CEO Forum
JPN
US
THAI
EURMEX
KOR
IND
Others
Product originAustralia
Middle East
North AmericaJapan
Europe
Multi-sourcing
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32 2010 Nomura CEO Forum32
生き残る種というのは、最も強いものでもなければ、最も知的なものでもない。
最も変化に適応できる種が生き残るのだ。
(チャールズ・ダーウィン)
成長を続ける種というのは、変化に対応するだけでなく、自ら変化を起こし、自ら進化することができる種である。
33 2010 Nomura CEO Forum