FY2015 Third Quarter Financial Results

FY2015 Third Quarter Financial Results

Mitsubishi Motors Corporation

February 3, 2016

FY2015 Third Quarter Financial Results

All-new Pajero Sport

1

FY2015 1-3Q Results Summary (vs. FY2014 1-3Q)

Increase in Net Sales and Operating Income Yea-on-Year

(billion yen)

FY14 1-3Q FY15 1-3Q

(Apr 2014-

(Apr 2015-

Dec 2014)

Dec 2015)

Increase/ Decrease

Amount

%

Net Sales 1,588.6 1,662.0 73.4 5

Operating Income

(Margin)

Ordinary Income

(Margin)

Net Income*

(Margin)

100.8

6.3

120.1

7.6

98.6

6.2

102.0

6.1

106.7

6.4

76.7

4.6

1.2

1

- 13.4 - 11

- 21.9 - 22

Extraordinary loss from

terminating the production in the

U.S. : 15.3 billion yen

* Net income attributable to owners of the Parent

2

FY2015 1-3Q Sales Volume Results by Region (Retail, vs. FY2014 1-3Q)

Despite Increases in the United States and Western Europe, Sales Volume Decreased in Russia and China Resulted in Overall Decrease

Japan

North America

Europe

Asia

Others

Total

FY15 1-3Q vs. FY14 1-3Q

- 13

+ 16

(- 16%)

(+ 19%)

(thousand units)

- 14

(- 8%)

- 15

(- 6%)

+ 7

(+ 4%)

- 19

(- 2%)

806 787

171 157

257 242

North

Asia 93 79

214 221 Australia 60 61

& NZ

79 66

27 Registered Vehicles

28

Mini cars 52 38

85

U.S. 58

Canada & Mexico

27

101 72 29

WEeusrtoeprne108

& others

129

Russia

& 63

others

28

ASEAN 164 163

Latin America

80

60

Middle

100

East & 74

Africa

FY14 3Q FY15 3Q FY14 3Q FY15 3Q FY14 3Q FY15 3Q FY14 3Q FY15 3Q FY14 3Q FY15 3Q

Actual Actual

Actual Actual

Actual Actual

Actual Actual

Actual Actual

Note: Sales volume of FY2015 1-3Q refers to preliminary results.

FY14 3Q FY15 3Q Actual Actual

3

Analysis of Increase/Decrease of Operating Income (vs. FY2014 1-3Q)

Increased Operating Income Achieved by Vol/Mix and Cost Reduction Efforts

Vol/Mix by region

Forex effect by main currency

Others

(billion yen)

Japan North America Europe Asia Others

- 1.3

+ 6.8

+ 6.5 - 3.5 + 0.6

USD EUR AUD THB GBP

Forex rate(yen)

FY14 FY15

106 122

140 134

96

90

3.29 3.52

174 187

Effect

(billion yen)

+ 23.5 - 6.4 - 7.3 - 4.0 + 4.5

R&D expenses

Costs on quality measures in market

Indirect labor cost and others

- 3.4 - 12.7

- 3.7

RUB

2.86 2.07

- 9.3

- 0.3

+ 17.3 - 19.8

100.8

+ 9.1

Vol/Mix

Sales Expenses

- 5.1

Forex Combined impact of raw Others material price

/ cost reduction*

102.0

*the amount includes increase of expenses for product improvement

FY14 1-3Q (Apr 2014-Dec 2014)

+ 1.2

FY15 1-3Q (Apr 2015-Dec 2015)

4

FY2015 Full-year Forecasts

Mirage

5

FY2015 Sales Volume Forecasts by Region (Retail, vs. FY2014)

No Change to Global Sales Volume from the Previous Forecast

Japan

North America

Europe

Asia

Others

Total

FY15 (Forecasts) vs. FY14

- 15

+ 18

(- 13%)

(+ 15%)

- 27

(- 12%)

-7

(- 2%)

-6

(- 2%)

- 37

(- 3%)

(thousand units)

Previous Forecasts

342

344 337

1,053

1,090 1,053

281

100

115 100

Registered

40 45 Vehicles Mini cars 75 55

132

117 135

U.S. 82 96

Canada & Mexico

35

39

198

227

200

Western

Europe154

& others

168

Russia

& 73

others

32

North Asia

128

107

230 ASEAN 216

287 281

Australia 79

& NZ

82

Latin America

101

79

Middle

East & 107 120

Africa

FY14 FY15 Actual Forecast

FY14 FY15 Actual Forecast

FY14 FY15 Actual Forecast

FY14 FY15 Actual Forecast

FY14 FY15 Actual Forecast

FY14 FY15 Actual Forecast

6

FY2015 Forecasts Summary (vs. FY2014 Actual)

No Change to Profits from the Previous Forecast

(billion yen)

Net Sales

FY2014

(Apr 2014Mar 2015)

Actual

FY2015

(Apr 2015Mar 2016)

Forecasts

2,180.7 2,260.0

Operating Income

Margin

135.9

6.2

125.0

5.5

Ordinary Income

Margin

151.6

7.0

130.0

5.8

Net Income*

Margin

118.2

5.4

100.0

4.4

* Net income attributable to owners of the Parent

Increase/Decrease

Amount

%

FY15 Forecasts (Announced on Oct 27)

79.3 4 2,280.0

- 10.9

- 8

125.0

5.5

- 21.6 - 14

130.0

5.7

- 18.2 - 15

100.0

4.4

Breakdown of change

Vol/Mix

+ 13.0

Sales Expenses

- 4.0

Forex

- 19.0

Combined impact of raw material price/ Cost reduction

R&D expenses

+ 26.0 - 7.4

Indirect labor cost

- 4.0

Costs on quality measures in market and others

- 15.5

7

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