FY2007 first-half financial results - Nissan...Effective tax rate 19.2% 35.9% +16.7points FY07 first-half financial results. FY2007 First-half Financial Results Opportunities ... EX35

FY2007 First-half Financial Results

FY2007 first-halffinancial results

October 26, 2007

Carlos GhosnPresident and CEO


Operating Profit / Operating Profit Margin

Evolution FY06 vs. FY07

212

153.3

6.9%

195.3

FY06 Q1

FY06Q2

FY07Q1

FY07Q2

148.4

218.7

6.1%

8.4% 8.4%

¥ billion, %


+11.7%

4,534

5,064

274

212

-22.5%

Revenue¥ billion

COP¥ billion, %

Net Income¥ billion

+5.3%

349

7.7%7.2%

367

FY06 1H

FY071H

FY06 1H

FY071H

FY06 1H

FY071H

FY07 first-half highlights

More revenue Better profit Higher taxLess favorableextraordinary items


1,289

1,386

1,467

1,596

1,100

1,300

1,400

1,600

1,500

1,200

1,700

1,800

1,900

1,835

FY011st half

FY021st half

FY041st half

FY031st half

FY051st half

FY07 first-half sales performanceGlobal retail sales

1,816+6.3%

FY071st half

(tho

usan

d un

its)

FY061st half

1,709


JapanDualis

Micra C+CAtlas F24

Clipper RioX-TRAIL

North AmericaEuropeX-TRAIL

TiidaAltima Coupe

AprioG37 Coupe

Rogue

General Overseas MarketsGrand Livina (Indonesia)

Teana (India)Latio (Malaysia)Livina (China)

New products launched by regionRegional launches in FY07 1st half

Blue: Global launchRed: Regional launch (main)


FY06 1st half FY07 1st half

0

100

200

400

300

Japan

350

TIV: 2.5 million units (-8.1%)

Nissan Sales: 332,000 units (-5.0%)

Nissan share: 13.4% (+0.5points)

Retail sales by region : Japan

332-5.0%

FY07 first-half sales performance

(tho

usan

d un

its)

Dualis

X-TRAIL


513534

+5.4%*

0

100

200

400

300

500

600

U.S.

Retail sales by region : US


TIV: 8.5 million units (-2.4%*)

Nissan sales: 534,000 units (+5.4%*)

Nissan share: 6.3% (+0.5points)

FY07 first-half sales performance(t

hous

and

units

)

*adjusted to daily selling rates(DSR)

Versa

Altima

Rogue

G35 Sedan

G37 Coupe



275

304+10.5%

0

100

200

400

300

Europe

Retail sales by region: EuropeFY07 first-half sales performance

(tho

usan

d un

its)

* Nissan estimated

TIV*: 10.9 million units (-0.9%)

Nissan sales: 304,000 units (+10.5%)

Nissan share*: 2.8% (+0.3points)

X-TRAIL

Qashqai


Retail sales: General Overseas Markets*

* Including Mexico and Canada

0

100

200

400

500

300


600

571

646+13.1%

(tho

usan

d un

its)

700


Livina

Nissan

DFL

180

69

111140

85

225+25%

China


(tho

usan

d un

its)



Thailand0

Mexico Canada Taiwan M.East

41.6

19.3

30

60

90

120

106.1

35.5

17.023.0

73.2

97.3

19.0

88.9

41.5

51.4

Latin.A

*Including Mexico and Canada

Retail sales: General Overseas Markets*


¥115.4/USD¥142.3/EUR

FY06 1H

4,534.4

348.6

7.7%

Variance(billion yen)

Consolidated net revenue 5,064.5 +11.7%

Consolidated operating profit 367.1 +5.3%

Consolidated operating margin 7.2% -0.5points

FX rate ¥119.4/USD¥162.3/EUR

FY07 1H

FY07 first-half financial results


¥115.4/USD¥142.3/EUR

FY06 1H Variance(billion yen)

FX rate ¥119.4/USD¥162.3/EUR

FY07 1H

Consolidated operating profit 367.1 +5.3%

Ordinary profit 360.3 -0.2%

Non-operating -6.8

Extraordinary -19.7

348.6

360.9

12.3

-5.2

Profit before tax 340.6 -4.3%355.7

Net income 212.4 -22.5%

Taxes -122.3

274.2

-68.4

Minority interest -5.9-13.1

Effective tax rate 35.9%19.2% +16.7points

FY07 first-half financial results


Opportunities

Risks

+ Product launches + GOM growth+ LCV growth+ Infiniti growth+ LCC utilization (parts and services)

– Level of incentives– Mix deterioration– Consumer demand in US and Japan– Commodity prices– Energy prices

Risks and opportunities


Second half product momentum JAPANSkyline Coupe

Nissan GT-R


Second half product momentum U.S.

Rogue

EX35

Murano


Second half product momentum GOM

Livina Qashqai

X-TRAIL Frontier Navara single-cab


107

Post NISSAN Value-UpNISSAN Value-Up

FY05 FY06 FY07 FY08 FY09 FY10

Total: 28 Total: 33+

11

Product pipeline – new products


Gasoline Engine Technology: VVEL

New technology advancements

VVEL

Contributes to a 10% reduction in CO2 emissions, improves torqueoutput by 10%


Before actuator operates

After actuator operates

Pop up engine hood



Monitor display (example)

Around view monitor

Camera



System control

Warning!

New Technology advancements

Lane departure prevention


New technologies to be launched

FY 00 01 02 03 04 05 06 07 08 09 10

LDWLow cost fuelefficient T/M

Pre crash seatbelt

04IT 06IT

IntelligentBrake Assist

Rear activestear

Low costNAVI

HEV(TK)

Lane KeepSupport

Carwings JK Active AFS Low speed ICCIntelligent Air

conditioner4WAS

FR-L p/f FF-L p/f e-4WD SU-LEV C-p/f Scratch Guard D-p/f

2

45

3

5

>15

10 10

Ma

jor

Tech

no

log

ies

to

be

La

un

che

d

2 2


Electric vehicles over the horizon


Pivo 2


Clean Diesel JAPANClean diesel in X-TRAIL infall 2008

M9R



Lithium Ion Battery

Nissan’s original hybrid by FY2010

Altima hybrid in U.S. launched FY06


FY2007 first-half financial results 26

Sales evolution in general overseas markets

(units)

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2000 2001 2002 2003 2004 2005 2006 2007Forecast

+9%+12%

+12%

+27%

+8%

+19%

+19%

L.A&C

Africa

MED/CIS/IRN/EGP

GCC

PRC

ASEAN4

Oceania&Asia

Oceania&Asia

ASEAN4

PRC

GCC

MED/CIS/IRN/EGPAfrica

L.A&C

1,020K


Geographic expansion

2009: New plant in St. Petersburg50K capacity

Russia

2009: Plant in Chennai, planned capacity of 400K unitsJoint venture with Ashok Leyland on LCV

India

Morocco

2010: 1 billion euro investment for an industrial complex of 400K capacity

Mexico

Increase capacity to 550K


TaiwanMiddle East

North AmericaKorea 05

Russia 06

Infiniti globally recognized luxury brand

G35 Sedan

China 07Europe 08

Ukraine 07

EX


NISSAN 180 NISSAN Value-UpNRP

Global Infiniti sales by first halfth

ou

san

d u

nit

s

FY00 FY03 FY070

60

80

40

20

FY01 FY02 FY04 FY05 FY06

74+11.6%

Infiniti G37 Coupe


490

NISSAN 180 NISSAN Value-UpNRP

Light Commercial Vehicles

tho

usa

nd

un

its

FY00 FY03 FY07*0

300

400

200

100

0%

6%

4%

8%

2%

Co

nso

lida

ted

op

era

tin

g m

arg

in

FY01 FY02 FY04 FY05 FY06

7.7%

>8.0%

401

FY07 1H262

FY06 1H243

Documents

FY2007 first-half financial results - Nissan...Effective tax rate 19.2% 35.9% +16.7points FY07 first-half financial results. FY2007 First-half Financial Results Opportunities ... EX35