Civic Hatchback - .Civic Hatchback Honda Business ... CivicHonda FY2011 Rating Review 1,066 1,066

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  • Honda Corporate Update 2016 Autumn

    Civic Hatchback

  • Honda Business Status

    FY17 2Q Financial Highlights

    Automobile Business Operations

    Motorcycle Business Operations

    Honda Corporate Update

    Business Strategy

    2

  • Profit Structure Profile over Past Decade and FY17 Forecast

    3

    70

    80

    90

    100

    110

    120

    130

    183 203 199

    177 192 182

    461280

    153

    7.4%7.7% 7.9%

    1.9%

    4.2%

    6.4%

    2.9%

    5.5%

    6.6%

    5.0%

    3.4%

    4.9%

    -1%

    1%

    3%

    5%

    7%

    -200

    0

    200

    400

    600

    800

    1,000

    1,200

    1,400

    1,600

    1,800

    FY3/06 FY3/07 FY3/08 FY3/09 FY3/10 FY3/11 FY3/12 FY3/13 FY3/14 FY3/15 FY3/16 FY3/17P

    Automobile

    Motorcycle

    Finance

    O/P Margin

    4.9%EarthquakeThai flood

    FY3/12

    Yen (billions)

    231

    569

    363

    189

    953851868

    *Includes gain on return of the substitutional portion of the Employees Pension Funds to the Japanese government (138 bil ) .

    *

    USD/JPY

    544

    100 forFY17 2H

    650

    823670

    8.8% *

    IFRSUS GAAP

    503

  • Current Fiscal Year Projection (May-13 vs. Oct.-31)

    FY17PreviousForecast(May-13)

    FY17RevisedForecast(May-13)

    Difference

    FY17PreviousForecast(May-13)

    FY17RevisedForecast(May-13)

    Difference

    Japan 150 160 + 10 600 595 - 5North

    America 310 315 + 5 1,990 1,985 - 5Europe 180 210 + 30 190 180 - 10

    Asia 9,780 9,955 + 175 730 700 - 30Other

    Region 1,125 1,050 - 75 235 245 + 10Total 11,545 11,690 + 145 3,745 3,705 - 40

    11,5453,745

    + 145( + 1.3 %)

    - 40( - 1.1 %)

    (Automobiles)(Motorcycles)

    Consolidated Unit Sales

    600.0650.0

    + 50.0

    Vol/Mix Costreduction

    SG&A

    FY17PreviousForecast

    Main reasons for revision of forecast Forex - 67.0

    JPY/USD - 32.5USD/Others - 4.5 (BRL,CAD,MXN)Main Asian currencies - 11.0 (INR, THB, VND, CNY, IND)Others - 19.0

    SG&A + 12.0

    Vol/Mix + 21.0

    Cost Reduction + 48.0

    R&D - 6.0

    Pension Impact + 84.0

    Operating Profit Yen (billions)Unit (thousands)

    ROS4.4%

    ROS4.9%

    R&DForex

    4

    11,6903,705

    FY17RevisedForecast

    + 12.0- 21.0

    - 67.0

    + 48.0 - 6.0Impact of pension

    accounting treatment

    + 84.0

    + 33.0without Forex and pension impact

  • Honda Business Status

    FY17 2Q Financial Highlights

    Automobile Business Operations

    Motorcycle Business Operations

    Honda Corporate Update

    Business Strategy

    5

  • Honda FY2011 Rating ReviewAutomobile Business - CivicCore Strategies for Growth in Automobile Operations

    Improve quality of business forsustainable & profitable growthImprove quality of business forsustainable & profitable growth

    6

    Develop Innovative ProductsUnique to Honda

    Strengthen global and regional models

    Flexible global production infrastructure

    Strong attention to product concept and further evolution of design and driving experience

    Electrification Technologies

    Advance the Six-region Global Operation Structure

  • Strengthen Global and Regional models

    16% 14%

    7

    Regional models

    Global models

    Global models

    68%

    Mini and compact models in Japan

    Light Trucks in U.S.

    Brio series in Asia

    China specific models

    4.6CY2015

    mil

    :core models developed for worldwide distribution

    Global Compact Series Civic

    Avancier (China) BR-V (Asia)

    Ridgeline

    CR-V Accord

    : models developed and produced locally tomeet specific needs of that region or market

  • Global models: Global Compact Series

    Hondas Global Compact Series is Being Rolled Out to Global Markets

    (City / Grace / Greiz)

    (Fit / Jazz)

    (Vezel / HR-V / XR-V)

    with best-in class Fun to Drive, Fuel Economy, Packaging and Safety

    0

    20

    40

    60

    80

    100

    120

    140

    160

    180

    Jan-

    13Fe

    b-13

    Mar

    -13

    Apr-

    13M

    ay-1

    3Ju

    n-13

    Jul-1

    3Au

    g-13

    Sep-

    13O

    ct-1

    3N

    ov-1

    3De

    c-13

    Jan-

    14Fe

    b-14

    Mar

    -14

    Apr-

    14M

    ay-1

    4Ju

    n-14

    Jul-1

    4Au

    g-14

    Sep-

    14O

    ct-1

    4N

    ov-1

    4De

    c-14

    Jan-

    15Fe

    b-15

    Mar

    -15

    Apr-

    15M

    ay-1

    5Ju

    n-15

    Jul-1

    5Au

    g-15

    Sep-

    15O

    ct-1

    5N

    ov-1

    5De

    c-15

    Jan-

    16Fe

    b-16

    Mar

    -16

    Apr-

    16M

    ay-1

    6Ju

    n-16

    Jul-1

    6Au

    g-16

    Sep-

    16

    Global Compact Series1.3 mil units in 2015 ( + 41% vs LY )

    1.1 mil units in Jan-Sep 2016 ( + 20% vs LY )

    (thousands)

    City / Grace / Greiz

    Fit / Jazz

    Vezel / HR-V / XR-V

    8

  • Global models: CIVIC

    Civic 5D Hatch Prototype

    9

    Civic 4D Launch

    CIVIC 5D Hatchback

    CIVIC 2D Coupe

    CIVIC 4D

    Global launch schedule

    0

    1,000

    2,000

    3,000

    010203040506070

    Civic 2D Civic 4D Civic 5D US Incentive

    Civic Global Sales and U.S. Incentives(K unit) (USD)Civic 2D Civic 5D

    America

  • 4.6CY2015

    mil

    CR-V Accord15% 12%

    Civic12%

    Fit / City / Vezel28%

    CR-V and Accord continue to be widely popular representing approx. 27% of CY2015 global Honda unit sales

    Global Models: CR-V and Accord

    10

    New CR-V and Accord to be launched with new platform and downsized turbo engine

  • Regional Models in North America

    (June 2015)

    Ridgeline

    2016 2015

    2016 Pilot

    New Odyssey

    (May 2015)

    HR-V

    Regional models

    Global models

    11

    2016 Civic (November 2015)

    New Accord

    (June 2016)Ridgeline

    2D Coupe (March 2016)

    5D Hatchback (Autumn 2016)

    All Honda Light Trucks to undergo full-model change in short period

    CR-V (2017 Winter)

  • Ohio ELPOhio ELPCanadaCanada

    AlabamaAlabama

    MDX dual-source production will

    start in spring 2017

    Civic CR-V RDX

    OdysseyRidgeline

    Leverage Japan production base to

    enhance Fit and Civic(Plan) supply

    FitMDX Pilot

    Start CR-V production in 2017

    Civic

    CR-V

    -

    5

    10

    15

    20

    Jan14

    Mar May Jul Sep Nov Jan15

    Mar May Jul Sep Nov Jan16

    Mar May Jul Sep

    FitHR-V

    Increase HR-V production in Mexico

    Monthly Production Profile (thousand units)Mexico El SaltoMexico El Salto Mexico CelayaMexico Celaya

    Start to produce HR-V in El Salto plant in 2017(Annual capacity : 63k)

    Ohio MAPOhio MAP

    AccordTLX

    ILX

    Production in North America

    HR-VFit

    12

    Flexibleproduction

    Transfer

    IndianaIndiana

  • Regional Models in China

    13

    By utilizing common platforms and strengthening local procurement and R&D functions, successive launch of cost competitive models being realized

    SDN(4D/5D) SUV MUV

    D

    Guangqi

    Dongfeng

    C

    Guangqi

    Dongfeng

    B

    Guangqi

    Dongfeng

    Accord(2013 FMC)

    Jade (2013)

    Crider (2013)

    Odyssey

    Spirior(Dec 2014)

    Gienia(Oct 2016)

    Segment

    (Aug 2014)

    Fit (May 2014)

    City (Aug 2015)

    Concept D

    Vezel 1.5L (Mar 2015)

    XR-V 1.5L (Jul 2015)

    Vezel 1.8L (Oct 2014)

    XR-V 1.8L (Dec 2014)

    CR-V MMC (Apr 2015)

    Elysion(Jan 2016)

    Greiz (Nov 2015)

    All-new SUV

    New Civic(April 2016)

    Avancier(Oct 2016)

  • Regional Models in Asia

    14

    India

    Thailand

    Indonesia

    20152014201320122011

    Brio Series

    Global Compact Series

    Fit / JazzCity HR-V

    Brio Amaze Mobilio

    (thousand units)

    0%

    5%

    10%

    15%

    20%

    0

    50

    100

    150

    200

    250

    CY12 13 14 15

    Volume

    Honda Share

    0%

    5%

    10%

    15%

    20%

    0

    20

    40

    60

    80

    100

    120

    CY12 13 14 15

    Volume

    Honda share

    0%

    5%

    10%

    15%

    20%

    0

    50

    100

    150

    200

    CY12 13 14 15

    Volume

    Honda Share

    0%

    5%

    10%

    15%

    0

    50

    100

    150

    200

    250

    300

    CY12 13 14 15

    Volume

    Honda Share

    *First car incentive

    Malaysia

    BR-V

    Indonesia & Thailand (Jan 16)India (May 16)

  • Honda FY2011 Rating ReviewHonda FY2011 Rating ReviewAutomobile Business - CivicGlobal Production Capacity

    1,066 1,066

    1,923 1,923

    200 200

    960 1,080

    840+501,080+50

    150 151

    Mar '15 Mar '16

    5,189

    (thousand units)

    as of

    Japan

    NorthAmerica

    Europe

    Asia

    China

    Other

    5,550+361

    China +240Guangqi +120 Dongfeng +120

    Thailand +120Nigeria +1

    FY2016(Export only)(Export only)

    15

  • China

    Europe

    Capacity increase to 5.7 milEstablish stable production s