Exhibit 99.1
TOYOTA
FINANCIAL SERVICES
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Presentation to Fixed Income Investors
November 2011
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Disclaimer
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[] This presentation includes certain "forward -looking statements" within the
meaning of The U.S. Private Securities Litigation Reform Act of 1995.
[] These statements are based on current expectations and currently available
information.
[] Actual results may differ materially from these expectations due to certain
risks, uncertainties and other important factors, including the risk
factors set forth in the most recent annual and periodic reports of Toyota
Motor Corporation and Toyota Motor Credit Corporation
[] We do not undertake to update the forward-looking statements to reflect
actual results or changes in the factors affecting the forward-looking
statements.
[] This presentation does not constitute an offer to sell or a solicitation of
an offer to purchase any securities. Any offer or sale of securities will
be made only by means of a prospectus and related documentation.
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Toyota' s Global Businesses
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TMC Consolidated Financial Results
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Fiscal Year Ended March 31,
(JPY billions) 2009 2010 2011
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Net Revenues 20,529.5 18,950.9 18,993.6
Operating Income (Loss) (461.0) 147.5 468.2
Net Income (Loss) (437.0) 209.4 408.1
Sources: Toyota Motor Corporation FY 2010 Financial Summary and FY 2011
Financial Summary
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TMC Consolidated Balance Sheet
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FY2010 FY2011
(JPY billions) As of March 31, 2010 As of March 31, 2011
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Current assets 13,073.6 11,829.8
Noncurrent finance receivables, net 5,630.7 5,556.7
Investment + other assets 4,934.1 6,122.5
Property, plant + equipment, net 6,710.9 6,309.2
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Total Assets 30,34 9.3 29,818.2
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Liabilities 19,418.8 18,898.1
Shareholders' equity 10,930.4 10,920.0
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Total Liabilities + Shareholders' Equity 30,349.3 29,818.2
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Source: Toyota Motor Corporation FY2011 Financial Summary
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Production Update
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[] Toyota Motor Corporation has revised its production schedule following the
disruptions caused by the March 2011 Japanese earthquake and tsunami
[] Japan production returned to normal levels in July
[] North American production returned to 100% in September
-- The following twelve core models account for nearly 70% of Toyota's
U.S. sales:
Avalon RX 350
Camry Sequoia
Corolla Sienna
Highlander Tacoma
Matrix Tundra
RAV 4 Venza
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Toyota Motor Sales, USA
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[] Product refresh cycle is high: 10 all-new or refreshed models for 2011
[] Industry -leading investment in next-generation technologies in
power-train, safety and production
-- TMS has the most fuel-efficient line-up of any full-line OEM
-- 9 hybrid models in TMS line-up and 72% share of the U.S. hybrid market
(1)
[] Recent and upcoming vehicle launches:
-- Lexus CT200h
-- Camry and Camry Hybrid
-- Prius v
-- Scion iQ
-- Refreshed Corolla/Matrix
-- Yaris
(1) As of September 30, 2011
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Toyota Motor Sales, USA (2)
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Toyota Motor Sales, USA (3)
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Toyota Motor Sales, USA (4)
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Toyota Financial Services
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TFS Group Global Presence
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34 Countries + Regions Worldwide
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Toyota Motor Credit Corporation (TMCC)
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Toyota Motor Corporation (TMC)
Toyota Financial Services Corporation (TFSC)
Toyota Motor Credit Corporation (TMCC)
[] Over 4.0 million active finance contracts (1)
[] AA-(2)/Aa3(3) rated captive finance company
[] Credit support agreement structure with TFSC/TMC
(1) As of June 30, 2011
(2) Outlook negative
(3) Outlook stable
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Credit Support Agreements
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[] Securities* issued by TMCC (and various other TFSC subsidiaries) have the
benefit of a credit support agreement with TFSC
-- TFSC will own 100% of TMCC
-- TFSC will cause TMCC to maintain a tangible net worth of at least
$100,000 as long as covered securities are outstanding
-- If TMCC determines it will be unable to meet its payment obligations
on any securities, TFSC will make sufficient funds available to TMCC
to ensure that all such payment obligations are paid as due
-- Agreement cannot be terminated until (1) repayment of all outstanding
securities or (2) each rating agency requested by Toyota to provide a
rating has confirmed no change in rating of all such securities
[] TFSC in turn has the benefit of a credit support agreement with Toyota
Motor Corporation ("TMC")
-- Same key features as TFSC/TMCC credit support agreement
-- TMC will cause TFSC to maintain a tangible net worth of at least
JPY10mm as long as covered securities are outstanding
[] TFSC's and/or TMC's credit support obligations will rank pari passu with
all other senior unsecured debt obligations
* Securities defined as outstanding bonds, debentures, notes and other
investment securities and commercial paper, but does not include asset-backed
securities issued by TMCC's securitization trusts.
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TMCC Products and Services
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Consumer Dealer Commercial Insurance
Finance Finance Finance
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[] Retail [] Wholesale [] Forklift [] Service Agmts
[] Lease [] Real Estate [] Hino Medium Duty [] Ext. Warranty
[] Working Capital [] Retail [] Guaranteed Auto
[] Revolving Credit [] Lease Protection
Lines [] Roadside Assistance
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TMCC Financial Performance - Select Data
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Three Month
Fiscal Year Ended March 31, Ended
June 30,
(USD m illions) 2008 2009 2010 2011 2011
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Total Financing Revenues 8,192 8,800 8,163 8,064 1,920
add: Other Income 686 432 680 779 190
less: Interest Expense 7,450 7,132 5,587 4,967 1,282
and depreciation
Net Financing Revenues 1,428 2,100 3,256 3,876 828
and Other Revenues
Net Incom e (Loss) (223) (623) 1,063 1,853 465
Source: TMCC March 31, 2011 10-K and June 30, 2011 10-Q
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TMCC Earning Asset Composition
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Managed Assets
(USD billions)
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Source: TMCC March 31, 2011 10-K and June 30, 2011 10-Q
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Extensive Field Organization
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[] Decentralized dealer and field support
[] Centralized servicing and collections (circled)
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TMCC Financial Performance - Select Data
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Three Month
Fiscal Year Ended March 31, Ended
June 30,
(USD m illions) 2008 2009 2010 2011 2011
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Over 60 Days Delinquent (1) 0.59% 0.68% 0.45% 0.26% 0.32%
Allowance for Credit Losses (1) (2) 0.97% 2.51% 2.31% 1.13% 0.89%
Net Credit Losses (3) 0.91% 1.37% 1.03% 0.52% 0.05%
(1) Percentage of gross earning assets
(2) The quotient of allowance for credit losses divided by the sum of gross
finance receivables (net finance receivables less allowance for credit
losses) plus gross investments in operating leases (net investments in
operating leases less allowance for credit losses)
(3) Percentage of average gross earning assets annualized
Note: All percentage figures calculated for fiscal years 2007, 2008 and 2009
were based on a 150-day charge-off policy, which was changed to 120 days in
fiscal 2010
Source: TMCC March 31, 2011 10-K and June 30, 2011 10-Q
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TMCC Funding Programs
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Exceptional Liquidity
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[] A-1+/P-1 Direct Commercial Paper Program
- Backed by $ 13 billion multi-party back-stop credit facilities: $ 5
billion 364-day; $ 5 billion 3-year; $ 3 billion 5-year
[] $ 9.3 billion Short-term Investment Portfolio (1)
[] Over $ 30 billion in salable retail loan receivables
[] Access to various domestic and international term markets
[] Billions of additional capacity in Global Benchmark Markets
[] Inter-company lending infrastructure
[] Credit Support Agreements: TMCC []TFSC []TMC
(1) Average balance for quarter ended June 30, 2011
Source: TMCC June 30, 2011 10-Q
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TMCC Funding Program Objectives
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[] TMCC is committed to:
-- Maintaining funding diversity and exceptional liquidity
-- Issuing into strong demand with attractive deals
-- Identifying + developing new markets and investor
relationships
-- Responding quickly to opportunities with best-in-class
execution
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Diversity in Debt Offerings
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TMCC Term Debt Outstanding
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As of October 31, 2011
Source:Company Reports
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Funding Flexibility
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Focus on More Diverse Maturities in USD Issuance (1)
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(1) Unsecured U.S. MTN issuance, excluding Structured Notes and Retail Notes.
(2) As of October 31, 2011
Source:Company Reports
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Key Investment Highlights
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[] Financial strength supported by strong credit ratings
[] Transparent business model with exceptional liquidity
[] Rational funding programs with long term perspective
-- Diversification in bond offerings
-- Focus on proactively meeting needs of market
-- Strong emphasis placed on flexibility and responsiveness
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TOYOTA
FINANCIAL SERVICES
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