NISSAN MOTOR CORPORATION FY2023 FIRST-QUARTER FINANCIAL RESULTS July 26th, 2023 Net Revenue year on year Q1 Highlights Delivering continued performance Operating profit +98% year on year Net income +124% year on year 2 1 FY2023 Q1 Financial Results 2 FY2023 Outlook 3 China Status Update T FY2023 Q1 Financial Results FY23 Q1 Volume Results (Thousand units) Retail Sales Production | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------|-------|-----------|-------------------|--------- ...

Nissan Motor Co., Ltd. (OTCPK:NSANY) Q1 2023 Earnings Call July 26, 2023 4:30 AM ET Company Participants Makoto Uchida - President and Chief Executive Officer Stephen Ma - Chief Financial Officer Conference Call Participants Operator Begin the presentation, our fiscal year 2023 First Quarter Financial Results of Nissan Motor Co., we deeply appreciate the heavy attendance. The company is represented by our President and CEO, Mr. Uchida Makoto; and CFO, Mr. Stephen Ma. First of all, CEO, Mr. Uchida will give ...

Financial Data and Key Metrics Changes - For the fiscal year 2022, Nissan's net revenue increased to ¥10.6 trillion, up ¥2.17 trillion from the previous year, driven by improved net revenue per unit and a weaker yen [18][24] - Operating profit rose to ¥377.1 billion, representing an operating margin of 3.6%, an increase of ¥129.8 billion from the prior year [18][24] - Net income for the fiscal year was ¥221.9 billion, which would have been ¥341.9 billion excluding a one-time loss from exiting the Russian market [18][25] Business Line Data and Key Metrics Changes - Global unit sales for the fiscal year declined by 14.7% to 3.305 million units, with significant drops in China and North America, while Japan saw a 6.1% increase [6][7][8] - In North America, unit sales decreased by 13.5% to 1.023 million vehicles, while in Europe, sales fell by 9.2% to 308,000 units [8][10] - The electrification ratio in Japan increased by 9 points to 48%, with cumulative electrified unit sales surpassing 800,000 since 2016 [12] Market Data and Key Metrics Changes - In China, unit sales dropped by 24.3% to 1.045 million units due to COVID-related production issues, while Japan's sales increased amid rising demand for electrified models [6][7] - North American sales increased by 17.4% to 316,000 units in Q4, while European sales rose 28.7% to 100,000 units, reflecting strong demand for electrified vehicles [10][14] - Overall, global production volumes fell by 8.8% year-on-year to 854,000 units in Q4, with a significant decline in China [9] Company Strategy and Development Direction - Nissan is transitioning from a volume-focused strategy to a value-oriented approach, emphasizing profitability and customer experience [11][28] - The company aims to increase its electrification mix to over 55% by 2030, with a current target of 11% for FY '22 [28] - Nissan NEXT, initiated in May 2020, focuses on rationalizing production capacity and costs while enhancing core markets and technologies [37][38] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges such as semiconductor shortages and COVID disruptions but expressed optimism about gradual recovery and improved production capabilities [30][31] - The forecast for FY 2023 includes a projected global production volume of 4.1 million units and net revenue expected to rise by 17% to ¥12.4 trillion [32][34] - Management emphasized the need for agility in response to rapidly changing market conditions, particularly in China [42] Other Important Information - Free cash flow for the automotive business was positive at ¥186.7 billion, indicating strong liquidity [19][21] - The company plans to propose a dividend of ¥10 per share for FY 2022 and aims for ¥15 or more per share for FY 2023 [35][36] - Nissan is focusing on developing all-solid-state batteries and enhancing its e-POWER technology to improve competitiveness in electrification [39][40] Q&A Session Summary Question: U.S. production and sales forecast - Management indicated plans to grow production and sales in the U.S. by enhancing product lines and improving dealer relationships, aiming for a 29% growth rate [47][48] Question: Sales finance business forecast - The sales finance business is expected to face challenges due to rising interest rates and delinquencies, but management remains confident in its solid financial position [50][51] Question: China market performance and strategy - Management acknowledged the rapid changes in the Chinese market and emphasized the need for agility and responsiveness to customer demands [53][60] Question: Nissan NEXT performance assessment - Management highlighted improvements in brand perception and dealer relationships as key factors in the ongoing transformation, despite challenges in achieving operating margin milestones [63][64] Question: Raw material impact and production volume guidance - Management noted that raw material prices have plateaued and are expected to stabilize, allowing for better production volume guidance moving forward [80][82]

Nissan Motor Co., Ltd. (OTCPK:NSANY) Q3 2022 Earnings Conference Call February 9, 2023 4:30 AM ET Company Participants Ashwani Gupta - Chief Operating Officer Stephen Ma - Chief Financial Officer Conference Call Participants Yoshida Sean - Citigroup Kota Yuzawa - Goldman Sachs Eiji Hakomori - Daiwa Securities Masataka Kunugimoto - Nomura Securities Operator We would like to begin the presentation of the Fiscal Year 2022 Third Quarter Financial Results. Thank you very much for the participation. Today, we ha ...

NISSAN MOTOR CORPORATION FISCAL YEAR 2022 THIRD-QUARTER FINANCIAL RESULTS Nissan Motor Co., Ltd. February 9th, 2023 ƏFY22 3″ QUARTER RESULTS FY22 OUTLOOK NISSAN MOTOR CORPORATION 2 FY22 3rd QUARTER (з молтнѕ) VOLUME RESULTS FY22 FY21 FY21 FY22 vs. FY21 2,526 2,466 2,906 2,411 GLOBAL -17.0% PRODUCTION VOLUME (K-units) (K-units) 904 -6.9% 842 909 +9.0% vs. FY21 Q3 94 834 A 104 JAPAN + 11.4% 313 CHINA -6.9% 292 262 NORTH 256 -2.1% AMERICA 90 EUROPE -14.9% 77 Excluding Russia +1.8% 146 113 OTHERS -22.7% FY21 Q3 ...

Nissan Motor Co Ltd (OTCPK:NSANY) Q2 2023 Earnings Conference Call November 9, 2022 4:15 AM ET Company Participants Sadayuki Hamaguchi - Chief Communications Officer & Corporate VP Ashwani Gupta - COO & Director Makoto Uchida - CEO, President & Director Stephen Ma - Executive Officer & CFO Conference Call Participants Operator Sadayuki Hamaguchi We would now like to start the presentation of the financial results for the first half of fiscal year 2022. Thank you for joining us today. We appreciate your kind ...

Nissan Motor Co., Ltd. (OTCPK:NSANY) Q1 2022 Earnings Conference Call July 28, 2022 5:30 AM ET Company Participants Ashwani Gupta - Chief Operating Officer Stephen Ma - Chief Financial Officer Rakesh Kochhar - Senior Vice President, Global Treasury and Global Sales Finance Conference Call Participants Yoshida Sean - Citigroup Kunugimoto Masataka - Nomura Securities Operator Let us now begin Nissan's First Quarter Financial Results for Fiscal Year 2022. We are very appreciative of the high number of particip ...

Nissan Motor Co., Ltd. (OTCPK:NSANY) Q4 2020 Earnings Conference Call May 11, 2021 6:40 AM ET Company Participants Makoto Uchida - President & Chief Executive Officer Ashwani Gupta - Chief Operating Officer Conference Call Participants Operator Thank you very much for attending the press conference announcing the Nissan MotorÂ's Fiscal 2020 Financial Results. Thank you for attending in such a large number. In view of the current situation, this meeting will be using the internet system and live streaming. F ...

Nissan Motor Co Ltd (OTCPK:NSANY) Q1 2021 Earnings Conference Call July 28, 2021 5:45 AM ET Company Participants Sadayuki Hamaguchi - Chief Communications Officer & Corporate VP Ashwani Gupta - Chief Performance Officer, COO & Director Makoto Uchida - CEO, President & Director Stephen M&A - Executive Officer & CFO Conference Call Participants Kazutaka Kamizawa - Asahi Shimbun Ryo Asayama - Nikkei Shimbun Sean McClain - Wall Street Journal Sadayuki Hamaguchi Ladies and gentlemen, thank you for joining us for ...

Nissan Motor Co Ltd (OTCPK:NSANY) Q2 2021 Earnings Conference Call November 9, 2021 3:00 AM ET Company Participants Sadayuki Hamaguchi - Chief Communications Officer & Corporate VP Ashwani Gupta - Chief Performance Officer, COO & Director Stephen Ma - CFO Conference Call Participants Ryo Asayama - Financial Times, Nikkei Shimbun Hans Greimel - Automotive News Sean McClain - Wall Street Journal Sadayuki Hamaguchi Ladies and gentlemen, we would like to start the Fiscal Year 2021 First Half Financial Results o ...