Mitsubishi Motors : Presentation

1. 1H/FY2022 Financial Results
2. FY2022 Financial Forecast
3. Business Highlights

2

1H/FY2022 Financial Results Summary (vs. 1H/FY2021)

First-Half(APR-SEP)

(Billion yen, 000 units)	FY2021	FY2022	Variance
	Amount	Ratio

Net Sales	890.6	1,158.2	+267.6	+30%
Operating Profit	25.2	84.6	+59.4	+236%
(OP Margin)	(2.8%)	(7.3%)
Ordinary Profit	27.1	101.3	+74.2	+274%
Net Income*	21.7	82.7	+61.0	+281%
Sales Volume	442	426	-16	-4%
(Retail)

* Net income attributable to owners of the parent

Quarterly

1Q 2Q

1. 629.5
2. 53.8

(5.8%) (8.5%)

49.5 51.8

38.6 44.1

217 209

3

1H/FY2022 Operating Profit Variance (vs. 1H/FY2021)

(Billion yen)

Japan	+4.6
ASEAN	+18.0
China, others	-0.4
North America	+4.7
Europe	-3.5
Australia/NZ	+7.0
Others	+7.8

+38.2

				FX rate (Yen)	Effect
			1H/FY21	1H/FY22	(bill yen)
		USD	110	133	+33.7
Procurement	+15.9	EUR	131	139	+2.2
cost reduction	THB	3.45	3.76	-16.9
Raw material	-39.6	AUD	83	93	+10.1
price, etc.		PHP	2.26	2.47	+5.0
Factory	-4.9
expenses	Others	-	-	+15.5
Shipping cost	-6.9	Aftersales	+3.8
		Domestic
		subsidiary	+1.7
		P/L, etc.

1H/		Mix	Sales	Procurement				1H/
FY2021	Volume	/Selling	Cost/Shipping	R&D	Others	Forex	FY2022
Expenses
(APR-SEP 2021)		Price	Cost				(APR-SEP 2022)
					4

2Q/FY2022 Operating Profit Variance (vs. 2Q/FY2021)

(Billion yen)

Japan	+2.3
ASEAN	+15.9
China, others	-0.4
North America	+3.6
Europe	-1.9
Australia/NZ	+4.1
Others	+1.9

+25.5

				FX rate (Yen)	Effect
			2Q/FY21	2Q/FY22	(bill yen)
		USD		110	137	+23.2
		EUR		130	140	+1.4
		THB		3.39	3.79	-10.9
Procurement	+8.3	AUD		82	95	+6.4
cost reduction	PHP		2.23	2.47	+3.0
Raw material	-25.1	Others		-	-	+9.0
price, etc.
Factory	+0.4
expenses
Shipping cost	-4.0	Aftersales,	+1.2
		etc.

2Q/		Mix	Sales	Procurement				2Q/
FY2021	Volume	/Selling	Cost/Shipping	R&D	Others	Forex	FY2022
Expenses
(JUL-SEP 2021)		Price	Cost				(JUL-SEP 2022)
					5