1
FISCAL YEAR MARCH 2015THIRD QUARTER FINANCIAL RESULTS
Updated Mazda CX-5 (Japanese specification model)
Mazda Motor CorporationFebruary 4, 2015
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Highlights
Fiscal Year March 2015 Nine Month Results
Fiscal Year March 2015 Forecast
Summary
PRESENTATION OUTLINE
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HIGHLIGHTS
HIGHLIGHTS (1) – NINE MONTH RESULTS
4
Global sales volume was 1,003,000 units, up 5%from the prior year
Revenue was ¥2,193.6 billion. Operating profit was¥152.0 billion. Net income was ¥131.5 billion
Started production of the new Mazda2/Demiosimultaneously at three factories in Hofu, Thailand,and Mexico. Market introductions began fromJapan and Australia
Following the start of two-shift operations atMexico plant, the engine machining factory beganoperations in October
HIGHLIGHTS (2) – FULL YEAR FORECAST
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Forecast global sales volume of 1.4 million units,up 5% from the prior year
Full year profit forecast remains unchanged:Operating profit of ¥210 billion and net income of¥160 billion
Significant updates to CX-5 and Mazda6/Atenzaenhance product appeal
Global launches of new compact crossover SUV,Mazda CX-3, start from Japan
Establishment of global production footprint ison track; production started at new automatictransmission plant in Thailand in January asscheduled, and construction of new engine plantwas announced
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FISCAL YEAR MARCH 2015NINE MONTH RESULTS
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GLOBAL SALES VOLUME
8
FY MARCH 2015 FINANCIAL METRICS
* Calculated as if shares were consolidated at the beginning of the prior fiscal year for purposes of comparison.
162143
0
50
100
150
JAPAN
9
(000)
(12)%
New Demio
Sales were down 12% year-on-year to 143,000 units
Third quarter sales turnedaround and rose 2% overthe prior year with strongsales of new Demio
Sales set to increase fromthe fourth quarter with theintroduction of updatedAtenza and CX-5, and newcompact crossover SUV,Mazda CX-3
Nine Month Sales Volume
FY March 2014 FY March 2015
0
100
200
300
NORTH AMERICA
10
11%289320
USA 206
Canada &
others 83
Canada &
others 92
USA 228
Mazda6 (North American model)
Sales rose 11% year-on-year to 320,000 units
USA: 228,000 units, up 11%year-on-year- Non-fleet sales of CX-5,Mazda6 and Mazda3 grewdespite continued toughcompetition
- Continued policy of“right-price” sales
Mexico: 33,000 units, up23% year-on-year- Achieved record-highsales
FY March 2014 FY March 2015
Nine Month Sales Volume(000)
144167
0
50
100
150
EUROPE
11
16%
Mazda3 (European model)
Sales rose 16% year-onyear to 167,000 units
CX-5 sales remainedstrong; and Mazda3significantly contributed tohigher sales
Sales in Europe remainedstrong, significantlyoutperforming growth inoverall demand
- Germany: Up 14% to 37,000 units
- UK: Up 14% to 25,000 units
FY March 2014 FY March 2015
Nine Month Sales Volume(000)
141156
0
50
100
150
CHINA
12
10%
CX-5 (Chinese model)
Sales rose 10% year-onyear to 156,000 units
SKYACTIV models such asnew Mazda3, new Mazda6,and CX-5 saw strong sales
Calendar year sales grew13% from the prior year,achieving year-on-yearsales growth for the firsttime in four years
FY March 2014 FY March 2015
Nine Month Sales Volume(000)
0
100
200
OTHER MARKETS
13
217 217
ASEAN
58
Australia
76Australia
73
ASEAN
56
0%
Other 83 Other 88
Sales were 217,000 units
Australia: Sales were down 5%year-on-year to 73,000 units due toweak demand- CX-5 remained the top seller in its
segment- Remained the third best-selling
brand in CY2014
ASEAN: Sales fell by 3% year-on-year to 56,000 units, mainly due tolower demand in Thailand- Thailand: SKYACTIV models saw
strong sales. Sales to increase inthe fourth quarter with introductionof new Mazda2
- Sales were strong in Malaysia (up33%) and Vietnam (up 116%)
FY March 2014 FY March 2015
Nine Month Sales Volume(000)
Mazda3 (Australian model)
14
124.6
+38.8
+18.9
+13.8
(11.9)
(32.2)
152.0
0
50
100
150
200
FY March2014
FY March2015
Change from Prior Year + 27.4
US DollarEuroOther
+10.2+6.7+2.0
OPERATING PROFIT CHANGE
FY March 2015 Nine Month vs. FY March 2014 Nine Month
(Deterioration)
Improvement(Billion yen)
Sales increaseand miximprovement ofSKYACTIV models
Volume &Mix
Exchange
CostImprovement
MarketingExpense
Other
R&D cost, fixedcosts for Mexicoplant, etc.
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FISCAL YEAR MARCH 2015FORECAST
16
GLOBAL SALES VOLUME
17
FY MARCH 2015 FINANCIAL METRICS
* Calculated as if shares wereconsolidated at the beginning ofthe prior fiscal year for purposesof comparison.
182.1
+ 54.1
+ 15.0
+ 16.6
(15.0)
(42.8)
210.0
100
150
200
250
FY March2014
FY March2015
18
US DollarEuroOther
+16.7+3.8(5.5)
Change from Prior Year + 27.9
Increased R&D investmentand fixed costs for MexicoPlant, etc.
OPERATING PROFIT CHANGE
(Deterioration)
Improvement
FY March 2015 Full Year vs. FY March 2014 Full Year(Billion yen)
Volume &Mix
Exchange
CostImprovement Marketing
Expense
Other
Sales increaseand miximprovement ofSKYACTIV models
【New Mazda2/Demio】
Simultaneous launch at three factories in Hofu, Thailand,and Mexico
Sales are strong with diesel engine accounting for over 60% High acclaim for the product and technology;
Japan Car Of The Year, Good Design Award,Golden Steering Wheel Award, Eco Products Award
【Mazda6/Atenza, CX-5】 Significantly updated for added
depth and maturity- Evolution of i-ACTIVSENSE
- Enhanced quality and comfort
- Refined design
Awarded 2015 Top Safety Pick+
by USA’s IIHS
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Atenza Interior
Updated Atenza (Japanese specification)
Adoptive LED Headlight (ALH)
EXPANSION AND EVOLUTION OF SKYACTIV LINE-UP
【New Compact Crossover SUV - Mazda CX-3】
New core product introduced to fast-growing compact SUVmarket
Production began at Hiroshima Plant in December,global launches start from late February
Forecasting sales of 150,000 units per year
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New CX-3New CX-3
EXPANSION AND EVOLUTION OF SKYACTIV LINE-UP
【Mexico Plant】 Production output is increasing as planned
- 100,000 units produced in 11 months since operationsbegan
- In October, production of new Mazda2 began andengine machining factory started operations
- Increase production capacity to 250,000 units by end ofFY March 2016
【Thailand Plant】
New automatic transmission plant started operations inJanuary, annual production capacity is 400,000 units
Announced construction of new engine plant, willproduce SKYACTIV-D 1.5 starting third quarter ofFY March 2016
ESTABLISH GLOBAL PRODUCTION FOOTPRINT
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SUMMARY
SUMMARY
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【Nine Month Results】 Sales of SKYACTIV models stayed strong in global markets.
Global sales volume was 1,003,000 units, up 5% from theprior year
Operating profit was ¥152.0 billion and net income was¥131.5 billion, progressing as planned
【Full Year Forecast】 Forecast global sales volume of 1.4 million units, up 5%
from the prior year Profit forecast remains unchanged: Operating profit of
¥210 billion and net income of ¥160 billion Launches of new compact crossover SUV, Mazda CX-3, start
from Japan Establishment of global production footprint is on track;
production started at new automatic transmission plant inThailand in January as scheduled, and construction of newengine plant was announced
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APPENDIX
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CASH FLOW AND NET DEBT
*Reflecting “equity credit attributes” of the subordinated loan.
205.2 230.2 216.9273.3
209.6 227.8 222.7
194.7183.9 226.8
226.7
247.5242.4 257.7
109.3126.4
141.9
151.5
146.2166.6 141.0106.7
97.9
100.3
100.5
102.3
111.5 118.3
0
300
600
27
638.4615.9
FY March 2014 FY March 2015
685.9
752.0
705.6748.3
1Q 2Q 3Q 4Q 1Q 2Q 3Q
739.7
REVENUE BY PRODUCT(Billion yen)
Japan
NorthAmerica
Europe
Other
514.7 527.1576.3
633.0592.0
638.8 626.8
51.8 55.3
59.4
40.059.9
54.0 58.9
49.456.0
50.2
79.053.7
55.5 54.0
0
300
600
28
638.4615.9
685.9
752.0
705.6748.3
FY March 2014 FY March 2015
1Q 2Q 3Q 4Q 1Q 2Q 3Q
739.7
REVENUE BY PRODUCT(Billion yen)
Parts
Other
Vehicles/Parts foroverseasproduction
13%
9%
4%
0%
5%
10%
15%
Total Volume & Mix Exchange29
Japan (3)%Overseas 12%
REVENUE CHANGE
FY March 2015 Nine Month vs. FY March 2014 Nine Month
FY March 2015 2,193.6FY March 2014 1,940.2
(Billion yen)
8%
3%
5%
0%
5%
10%
Total Volume & Mix Exchange30
Japan 0%Overseas 3%
REVENUE CHANGE
FY March 2015 Third Quarter vs. FY March 2014 Third Quarter
(Billion yen)
FY March 2015 739.7FY March 2014 685.9
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FY MARCH 2015 FINANCIAL METRICS
* Calculated as if shares were consolidated at the beginning of the prior fiscal year for purposes of comparison.
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GLOBAL SALES VOLUME AND CONSOLIDATED WHOLESALES
50.6 + 0.7
+ 5.6
+ 2.3
(1.0)
(10.2)
48.0
0
25
50
75
FY March2014 FY March
2015
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Change from Prior Year (2.6)
OPERATING PROFIT CHANGE
(Deterioration)
Improvement
(Billion yen)
FY March 2015 Third Quarter vs. FY March 2014 Third Quarter
Volume &Mix
Exchange
CostImprovement
MarketingExpense Other
210.0
(5.9)
+ 9.0+ 1.6
+ 0.0
(4.7)
210.0
100
150
200
250
OctoberForecast
FebruaryForecast
34
Change from October Forecast + 0.0
OPERATING PROFIT CHANGE
FY March 2015 Full Year vs. October Forecast
(Billion yen) (Deterioration)
Improvement
Volume &Mix
Exchange
CostImprovement
MarketingExpense
Other
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GLOBAL SALES VOLUME AND CONSOLIDATED WHOLESALES
* Volume for FY March 2015 Full Year is forecast
73.8
94.6
40.849.9
70.3
79.9
0
50
100
150
36
150.0
57.7
70.0
99.4
110.0
133.2
KEY DATA
73.8
94.6
40.8
49.9
70.379.9
0
50
100
150
(Billion yen)
CapitalSpending
Depreciation R&D cost
FullYear
NineMonth
FullYear
FullYear
* Data for FY March 2015 Full Year are forecast
FY3/14 FY3/15 FY3/14 FY3/15 FY3/14 FY3/15
NineMonth
NineMonth
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Dividend Forecast
FY March 2015 year-end dividend ¥10* per share (Plan)
Work to provide stable and steadily increasing dividends
Consolidation of shares and change in thenumber of shares per share unit
Consolidated 5 common shares into 1 share
Changed the number of shares per share unitfrom 1,000 shares to 100 shares
* After share consolidation
DIVIDEND AND SHARES
(Effective date was August 1, 2014)
DISCLAIMER
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The projections and future strategies shown in thispresentation are based on various uncertainties includingwithout limitation the conditions of the world economy inthe future, the trend of the automotive industry and therisk of exchange-rate fluctuations.So, please be aware that Mazda's actual performance maydiffer substantially from the projections.
If you are interested in investing in Mazda, you arerequested to make a final investment decision at your ownrisk, taking the foregoing into consideration.Please note that neither Mazda nor any third partyproviding information shall be responsible for any damageyou may suffer due to investment in Mazda based on theinformation shown in this presentation.
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