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FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20071
April 26, 2007
Carlos GhosnPresident & CEO
FY06 Financial Results Nissan Value-Up Update
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20072
(billion yen)
Consolidated net revenue
Consolidated operating profit
Operating margin
FY06 financial performance
Net income
FY06
10,468.6
776.9
7.4%
460.8
FOREXRate
¥117.0/$¥148.2/€
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20073
Global retail sales
0
1,500
2,000
3,000
3,500
2,500
FY01 FY02 FY03
(tho
usan
d un
its)
FY06
FY06 sales performance
FY99 FY00 FY04 FY05
3,057
3,389
2,530
3,483-2.4%
2,597
2,771
2,633
3,569
NISSAN 180NRP NISSAN Value-Up
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20074
FY2006 2nd half
G35 sedanSentraAltima
Livina GenissADOttiPino
QashqaiAtlas 20
** launch eventsworldwide
10 new models
FY2006 1st half
Cabstar
* SOS basis** Apr.-Mar. basis
New product launches FY06 sales performance
91
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20075
Retail sales: Japan
0
200
400
800
1,000
842
(tho
usan
d un
its)
600
FY05 FY06
Industry TIV: 5.6 million (-4.1%)
Market share : 13.2% (-1.2 point)
FY06 sales performance
740-12.1%
Skyline
Pino
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20076
Industry TIV: 16.5 million (-3.4%)*
Retail sales: U.S.
0
300
600
1,200
1,500
1,035-4.0%*1,075
(tho
usan
d un
its)
900
FY05 FY06
Market share: 6.3%
FY06 sales performance
*adjusted to DSR (daily selling rate)
Versa
Altima
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20077
0
200
300
500
600540
-0.2%541
(tho
usan
d un
its)
400
FY05 FY06
Retail sales: Europe
Industry TIV: 20.6 million (+0.6%)
FY06 sales performance
Navara
Note
Market share: 2.6%
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20078
(tho
usan
d un
its)
Retail sales: General Overseas Markets*
GOM
*Including Mexico and Canada
0FY05 FY06
200
400
800
1000
600
1,168+5.1%1,111
FY05 FY06
China
297363
+22.2%
156
207
137
PV sales
LCV sales
160
FY06 sales performance
1200
TiidaLivina Geniss
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20079
FY06 financial performance
Overseas subsidiaries* adjusted to “April-March” accounting period
Affected countries including; Europe, Mexico, Thailand and South Africa
MARFEBJANDECNOVOCTAUGJULJUNMAYAPRFEBJAN MAR SEP
Q1 Q2 Q3 Q4
March year-ending companies
+ + +Q1 Q2 Q3 Q4 = 12 months
December year-ending companies
+ Q5Q1 Q2 Q3 Q4+ + + = 15 months
Q1 Q2 Q3 Q4 Q5
MARFEBJANDECNOVOCTAUGJULJUNMAYAPRFEBJAN MAR SEP
*exclusive China & Taiwan
Following automotive industry standardsChange in consolidation methods
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200710
FOREXRate
¥117.0/$¥148.2/€
Consolidated net revenue 767.69,701.0
Consolidated operating profit 21.4755.5
Operating margin 2.8%7.8%
FY06 financial performance
¥113.3/$¥136.9/€
Net income 11.6449.2
Net cash position 289.6
9,428.3
871.8
9.2%
518.1
372.9
10,468.6
776.9
7.4%
460.8
254.7
Ordinary profit 18.5742.6845.9 761.1
¥117.0/$¥146.2/€
FY05 Q5(billion yen) FY0612month
FY06with Q5
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200711
29
Div
iden
d pe
r sh
are
/ ye
n
19
14
24
40
34
7
0
8
Nissan Value-Up Dividend policy
FY99 FY00 FY01 FY02 FY03 FY07
20
10
40
0
30
FY04 FY05 FY06
NISSAN 180 NISSAN Value-UpNRP
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200712
Infiniti globally recognized luxury brand
TaiwanMiddle East
North America
Korea 05
Russia 06
NISSAN Value-Up Update
G35 Sedan
FX
China 07Europe 08
Ukraine 07
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200713
NISSAN 180 NISSAN Value-UpNRP
Light Commercial Vehicles
tho
usan
d un
its
FY00 FY03 FY07*0
300
400
200
100
0%
6%
4%
8%
2%
Co
nsol
idat
ed o
pera
ting
mar
gin
FY01 FY02 FY04 FY05 FY06
7.7%
>8.0%
*Breakthrough Commitment
*
NISSAN Value-Up Update
Objective
490
401
Objective achieved one year ahead of plan
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200714
Thailand
China
EgyptIndia
RomaniaHungary
Vietnam Mexico
Mercosur
BreakthroughNISSAN Value-Up updateLeading Competitive Countries
FY05 FY06 FY07
10
0
20
30
12%15%
24%
LCC utilization ratio
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200715
New partnership with Renault and Mahindra to build a plant in Chennai in 2009Planned capacity of 400K units
2009: New plant in St. Petersburg50K capacity
Russia
2005: New R&D center2006: Huadu engine plant
China
2009 : 40,000 sales
Brazil
India
Geographic expansionNISSAN Value-Up Update
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200716
FY07 outlookAdditional measures already taken FY07 outlook
Dealer network restructuring in Japan
Single shift in Oppama and Tochigi plants
Nissan Shatai’s plant integration
Voluntary retirement programs in Japan
Voluntary transition programs in the U.S.
Transformation of sales network in Europe
Planned restructuring in South African plant operation
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200717
3,700+6.2%
Global retail sales objective
0FY03 FY04 FY06
3,389
(tho
usan
d un
its)
3,569
2,000
2,500
3,500
4,000
3,000
3,057
*Including Mexico and Canada
FY07**
+6.3% U.S.
-5.4% Japan
+11.2% Europe
+11.3% GOM*
**Forecast
FY07 outlook
FY05
3,483
1,100
700
1,300
600
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200718
Opportunities
NISSAN Value-UpRising raw material costs
Rising energy prices
Rising interest rates
Volatile foreign exchange rates
Higher level of incentives
Growing # of distressed
suppliers and competitors
Risks
FY07 outlook
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200719
FY06 FY07(billion yen)
Consolidated net revenue 10,300.0
Net income 480.0
Ordinary profit 773.0
FOREXassumption
¥117.0/$¥148.0/€
R&D sales ratio
490.04.8%
CAPEXsales ratio
515.05.0%
Consolidated operating profit 800.0
FY07 outlook
10,468.6
460.8
761.1
464.84.4%
509.04.9%
776.9
¥117.0/$¥148.2/€
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200720
Bill
ion
yen
R&D
4.0%3.8%
4.2%4.4%
4.8%
R&D expenditure
200
400
300
FY99 FY00 FY01 FY02 FY03 FY04
500
300
354
398
262
4.6%
239
FY05
448465
4.4%
FY06
490
FY07*
4.8%
4.7%
232
3
5
4
6
% o
f net revenue
Investing in our future
*Forecast
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200721
Camera
Around View Monitor
Lane Departure Prevention
3World’s-FirstTechnologies
Investing in innovation
Feedback force from gas pedal
Automatically app ly brake when d river relea sesgas peda l
Distance Control Assist System
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200722
LDWLow c ost fu el
effici ent T/M
Pre cr ash sea t
belt
04IT 06IT
Intelli ge nt
Brake Assis t
Rear a ctive
stea r
Low c ost
NAVIHEV(TK)
Supp ort Carwin gs JK
Active AFS Low s pee d ICC
Intelli ge nt Ai r
condi tio ner4WAS
FR-L p/f FF-L p/ f e-4 WD Scratc h G uar d D-p/f
00 01 02 03 04 05 06
2 2 2
45
3
5
07 08 09 10
8
6
>15FY07: 8 NEW technologies
Original technology
# o
f te
chno
logi
es d
eplo
yed
Investing in innovation
4 Wheel Active Steering
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200723
Investing in innovation
Advanced Battery Technology
EV
FCV
Nissan-Original Hybrid
Biofuels
Advanced Diesels
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200724
Building our brandEnhancing quality – Consumer reports
Altima
Infiniti G35 Infiniti M
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 2007
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200725
Investing in people
Opened Nov. 2006
New Design Center
Opening spring 2007
NATC
Japan HQ
Opening Oct. 2009
U.S. HQOpening mid-2008
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200726
U.S.
Japan
GOM(including Canada and Mexico)
Europe
Global product launches
NISSAN Value-Up
10 1172 5 1 9
FY05 FY06 FY071st half 2nd half
Serena
Otti
Wingroad
Bluebird Sylphy
Moco
1st half 2nd half
Micra C+C
Livina Geniss
Cabstar
SentraAltima
G35 sedan
Otti AD
PinoAtlas 20
Almera
Classic
Altima coupeG37 coupe
Qashqai X-TRAIL
Atlas 10
LivinaEntry-level
sedan
RogueInfiniti EX
Murano
6 5
GT-R
Frontier
Navara S/C
“Start of Sales” ( SOS) Basis
1st half 2nd half
FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200727