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FY2007 First-half Financial Results
FY2007 first-halffinancial results
October 26, 2007
Carlos GhosnPresident and CEO
FY2007 First-half Financial Results
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, %
FY2007 First-half Financial Results
+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
FY2007 First-half Financial Results
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
FY2007 First-half Financial Results
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)
FY2007 First-half Financial Results
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
FY2007 First-half Financial Results
513534
+5.4%*
0
100
200
400
300
500
600
U.S.
Retail sales by region : US
FY06 1st half FY07 1st half
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
FY2007 First-half Financial Results
FY06 1st half FY07 1st half
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
FY2007 First-half Financial Results
Retail sales: General Overseas Markets*
* Including Mexico and Canada
0
100
200
400
500
300
FY07 first-half sales performance
600
571
646+13.1%
(tho
usan
d un
its)
700
FY06 1st half FY07 1st half
Livina
Nissan
DFL
180
69
111140
85
225+25%
China
FY2007 First-half Financial Results
(tho
usan
d un
its)
FY06 1st half FY07 1st half
FY07 first-half sales performance
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*
FY2007 First-half Financial Results
¥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
FY2007 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
FY2007 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
FY2007 First-half Financial Results
Second half product momentum JAPANSkyline Coupe
Nissan GT-R
FY2007 First-half Financial Results
Second half product momentum U.S.
Rogue
EX35
Murano
FY2007 First-half Financial Results
Second half product momentum GOM
Livina Qashqai
X-TRAIL Frontier Navara single-cab
FY2007 First-half Financial Results
107
Post NISSAN Value-UpNISSAN Value-Up
FY05 FY06 FY07 FY08 FY09 FY10
Total: 28 Total: 33+
11
Product pipeline – new products
FY2007 First-half Financial Results
Gasoline Engine Technology: VVEL
New technology advancements
VVEL
Contributes to a 10% reduction in CO2 emissions, improves torqueoutput by 10%
FY2007 First-half Financial Results
Before actuator operates
After actuator operates
Pop up engine hood
New technology advancements
FY2007 First-half Financial Results
Monitor display (example)
Around view monitor
Camera
New technology advancements
FY2007 First-half Financial Results
System control
Warning!
New Technology advancements
Lane departure prevention
FY2007 First-half Financial Results
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
FY2007 First-half Financial Results
Electric vehicles over the horizon
New technology advancements
Pivo 2
FY2007 First-half Financial Results
Clean Diesel JAPANClean diesel in X-TRAIL infall 2008
M9R
New technology advancements
FY2007 First-half Financial Results
Lithium Ion Battery
Nissan’s original hybrid by FY2010
Altima hybrid in U.S. launched FY06
New technology advancements
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
FY2007 First-half Financial Results
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
FY2007 First-half Financial Results
TaiwanMiddle East
North AmericaKorea 05
Russia 06
Infiniti globally recognized luxury brand
G35 Sedan
China 07Europe 08
Ukraine 07
EX
FY2007 First-half Financial Results
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
FY2007 First-half Financial Results
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