Exhibit 99.1
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Presentation Materials for Investors
February 2013
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Disclaimer
[] 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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Disclaimer
[] 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 or form part of and should not be
construed as, an offer to sell or issue or the solicitation of an offer to
purchase or subscribe for securities of TMCC in any jurisdiction or an
inducement to enter into investment activity in any jurisdiction. Neither
this presentation nor any part thereof, nor the fact of its distribution,
shall form the basis of, or be relied on in connection with, any contract
or commitment or investment decision whatsoever. Any offer or sale of
securities by TMCC will be made only by means of a prospectus and related
documentation.
[] Investors and prospective investors in securities of TMCC are required to
make their own independent investigation and appraisal of the business and
financial condition of TMCC and the nature of its securities. This
presentation does not constitute a recommendation regarding securities of
TMCC. Any prospective purchaser of securities in TMCC is recommended to
seek its own independent financial advice.
[] This presentation is made to and directed only at (i) persons outside the
United Kingdom, or (ii) qualified investors or investment professionals
falling within Article 19(5) and Article 49(2)(a) to (d) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"), or (iii) high net worth individuals, and other persons to whom it
may lawfully be communicated, falling within Article 49(2)(a) to (d) of the
Order, and (iv) persons who are "qualified investors" within the meaning of
Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) as
amended (such persons collectively being referred to as "Relevant Persons")
. This presentation must not be acted or relied on by persons who are not
Relevant Persons. Any investment or investment activity to which this
presentation relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons.
[] This presentation is an advertisement and not a prospectus and investors
should not subscribe for or purchase any securities of TMCC referred to in
this presentation or otherwise except on the basis of information in the
base prospectus of Toyota Motor Finance (Netherlands) B. V. , Toyota Credit
Canada Inc. , Toyota Finance Australia Limited and Toyota Motor Credit
Corporation dated 14 September 2012 as supplemented from time to time
together with the applicable final terms which are or will be, as
applicable, available on the website of the London Stock Exchange plc at
www. londonstockexchange. com/exchange/news/market-news/market-news- home.
html.
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Toyota's Global Businesses
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TMC Consolidated Financial Results
Nine Months
Fiscal Year Ended March 31, Ended
(JPY billions) 2011 2012 December 31, 2012
---------------- -------- ------------------ -------------------
Net Revenues 18,993.7 18,583.7 16,227.1
Operating Income 468.3 355.6 818.5
Net Income 408.2 283.6 648.2
Source: TMC FY2011 , FY2012 and FY2013 Q3 Financial Summary
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TMC Consolidated Balance Sheet
FY2011 FY2012 FY2013
(JPY billions) As of March 31, 2011 As of March 31, 2012 As of December 31, 2012
---------------------------------------- -------------------- -------------------- -----------------------
Current assets 11,829.8 12,321.2 12,253.6
Noncurrent finance receivables, net 5,556.7 5,602.5 6,315.8
Investment and other assets 6,122.5 6,491.9 7,186.5
Property, plant and equipment, net 6,309.2 6,235.4 6,401.2
-------------------- -------------------- -----------------------
Total Assets 29,818.2 30,651.0 32,157.0
-------------------- -------------------- -----------------------
Liabilities 18,898.1 19,584.5 20,341.1
Shareholders' equity 10,920.0 11,066.5 11,816.0
-------------------- -------------------- -----------------------
Total Liabilities and Shareholders' Equity 29,818.2 30,651.0 32,157.0
-------------------- -------------------- -----------------------
Source: TMC FY2011 , FY2012 and FY2013 Q3 Financial Summary
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Toyota Across the United States
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Source: Toyota Motor Corporation FY2011 and FY2012 Financial Summary
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Toyota Motor Sales, USA
[] In 2012, more than 40% of the vehicle models TMS sold were all-new or
significantly refreshed. TMS launched 19 new or refreshed models, including
7 from Toyota, 9 from Lexus and 3 from Scion
[] For 2013, TMS is launching 9 new or refreshed models
[] 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
-- 11 hybrid models(1) , 1 plug-in model, and 1 EV model in TMS line-up
[] Recent and upcoming vehicle launches:
-Prius PHV -Lexus GS and HV
-Avalon and HV -Lexus ES and HV
-RAV 4 -Lexus LS and HV
-Corolla -Lexus IS
(1) Includes cars and light trucks
Source: TMS Reports
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Toyota Motor Sales, USA (2)
[] Quality, dependability, safety and product appeal remain high as
reflected by numerous 3(rd) party accolades
Kiplinger's Personal Finance 2012 Best-Selling Kelley Blue Book 2012
2013 Best New Car Values New Car in California "Best Resale Value"
11 Toyotas, 7 Lexus and 1 Scion Toyota Prius was the best-selling Toyota best automotive brand
new car in California Lexus best luxury brand
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2012 IIHS "Top Safety" 2012 Interbrand 2012 Interbrand
TMS earned 19 "Best Global Brands" "Best Global Green Brands"
"top safety" awards, most of any At #10, Toyota ranked first among Toyota ranked #1 among all brands
manufacturer in the industry all auto brands and industries
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2012 JD Power IQS 2012 JD Power Vehicle 2012 JD Power CSI
Toyota and Lexus earned 5 segment Dependability Study Lexus ranked highest in customer
awards; Lexus repeated as #1 Lexus ranked #1, Toyota ranked #3 satisfaction for the 4(th) consecutive
overall nameplate highest non-premium brand year
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2012 Consumer Reports Top Picks Consumer Reports' 2012 2012 Consumer Reports'
Toyota is the first brand to earn half Car-Brand Perception Survey Annual Reliability Study
of the top 10 spots in nearly a Toyota ranked #1 Toyota, Lexus, and Scion swept top
decade three brands, 16 of 27 models
received top ratings
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Toyota Motor Sales, USA (3)
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Toyota Motor Sales, USA (4)
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Toyota PRIUS Plug-In
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Toyota Motor Sales, USA (5)
Lexus IS F-Sport
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Toyota Financial Services
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TFS Group Global Presence
[] 34 Countries and Regions Worldwide
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Toyota Motor Credit Corporation (TMCC)
Toyota Motor Corporation (TMC)
Toyota Financial Services Corporation (TFSC)
Toyota Motor Credit Corporation (TMCC)
[] Nearly 4.0 million active finance contracts (1)
[] AA- (2)/Aa3(2) rated captive finance company by SandP / Moody's
[] Credit support agreement structure with TFSC/TMC
(1) As of December 31, 2012
(2) Outlook negative
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Credit Support Agreements
[] 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
[] 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
Consumer Dealer Commercial Insurance
Finance Finance Finance [] Service Agreements
[] Retail [] Wholesale [] Forklift [] Ext. Warranty
[] Lease [] Real Estate [] Hino Medium Duty [] Guaranteed Auto Protection
[] Working Capital [] Retail [] Roadside Assistance
[] Revolving Credit [] Lease
Lines
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Extensive Field Organization
[] Decentralized dealer and field support
[] Centralized servicing and collections
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TMCC FY12 Business Highlights
[] 2(nd) highest market share ever helped drive strong financing revenues
[] Lowest net charge-off ratio ever
[] 2(nd) lowest residual value losses ever driven by record used vehicle
values
[] Highest insurance penetration ever
[] 2(nd) highest operating income(1) ever
[] Celebrating 30 years of supporting Toyota/Lexus/ Scion sales and enhancing
customer relationships
(1) Operating Income: pre-tax income, excluding the impact of derivative
mark-to-market adjustments
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TMCC 3Q FY13 Operating Highlights
Consolidated Net Income
-- $283 million 3QFY13
-- $1,086 million FYTD
Financing Volume (in units)
-- 313K 3QFY13
-- 991K FYTD
Market Share(1)
-- 59.6% 3QFY13 (39.9% retail / 19.7% lease)
-- 62.1% FYTD (43.0% retail / 19.1% lease)
(1) Represents the percentage of total domestic TMS sales of new Toyota and
Lexus vehicles financed by us, excluding non-Toyota/Lexus sales, sales under
dealer rental car and commercial fleet programs and sales of a private Toyota
distributor.
Source: TMCC December 31, 2012 10-Q
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TMCC Earning Asset Composition
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Source: TMCC March 31, 2012 10-K and December 31, 2012 10-Q
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TMCC Financial Performance - Select Data
Nine months
Fiscal Year Ended March 31, Ended
December 31,
(USD millions) 2009 2010 2011 2012 2012
Total Financing Revenues 8,800 8,163 8,064 7,429 5,423
add: Other Income 432 680 779 717 571
less: Interest Expense 7,132 5,587 4,967 4,639 3,261
and Depreciation
Net Financing Revenues 2,100 3,256 3,876 3,507 2,733
and Other Revenues
Net Income (Loss) (623) 1,063 1,853 1,486 1,086
Source: TMCC March 31, 2012 10-K and December 31, 2012 10-Q
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TMCC Financial Performance - Select Data
Nine months
Fiscal Year Ended March 31, Ended
December 31,
(USD millions) 2009 2010 2011 2012 2012
Over 60 Days Delinquent (1) 0.68% 0.45% 0.26% 0.18% 0.26%
Allowance for Credit Losses (1) (2) 2.51% 2.31% 1.13% 0.80% 0.68%
Net Credit Losses (3) 1.37% 1.03% 0.52% 0.21% 0.28%
(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 2009 were based on a
150-day charge-off policy, which was changed to 120 days in fiscal 2010
Source: TMCC March 31,2012 10-K and December 31 2012 10-Q
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TMCC Funding Programs
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Exceptional Liquidity [] A-1+/P-1 direct commercial paper program [] $17.2 billion committed credit facilities (1) [] $6.1 billion short-term investment portfolio [] Over $50 billion in readily salable retail loan and lease receivables [] Access to various domestic and international markets [] Billions of additional capacity in global benchmark markets [] Extensive inter-company lending infrastructure [] Credit support agreements: TMCC []TFSC [] TMC (1) Average balance for quarter ended December 31, 2012 25 Source:TMCC December 31,2012 10-Q |
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TMCC Funding Program Objectives
[] TMCC is committed to:
-- Maintaining funding diversity and exceptional liquidity
-- Issuing into strong demand with attractive deals
-- Identifying and developing new markets and investor relationships
-- Responding quickly to opportunities with best-in-class execution
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TMCC FYTD13 Funding Overview
TMCC Long Term Debt Issuance
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[] $12.2 billion of long term debt funded FYTD
-- $ 8.9 billion in unsecured debt
-- $ 3.3 billion in secured debt (net of amount retained)
o $1.6 billion comprised of public term secured funding (net of
amount retained)
As of December 31, 2012
Source:Company Reports
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Diversification in Debt Offerings
TMCC Long Term Debt Outstanding
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As of December 31, 2012
Source:Company Reports
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Funding Flexibility And Responsiveness
Increased Diversification Across USD Curve (1)
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(1) Unsecured U.S. MTN issuance, excluding Structured Notes and Retail Notes.
(2) As of December 31, 2012
(3) Percentages may not add to 100% due to rounding
Source:Company Reports 29
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Key Investment Highlights
[] 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
[] Industry-leading in:
-- Liquidity management framework
-- Balance sheet strength
-- Business model resiliency
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TMCC Retail Loan Collateral and ABS Transactions
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Credit Decisioning and Collections
[] Major adjustments to credit decisioning implemented beginning in late 2007
and enhanced in subsequent years
-- Identification and minimization of least desirable segments
[] Renewed focus on core Toyota and Lexus business
[] Rededication of collections strategy and staff
-- Re-trained staff and out-sourced high risk collections
-- Emphasis on early intervention
-- Optimization of staff and technology resources
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Credit: Results*
[] Retail loan credit performance has shown significant improvement
-- Portfolio-level performance trends show general improvement
-- Recent vintages outperforming older cohorts
Cumulative Net losses: Annual Origination Vintages
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* Abbreviated for presentation purposes
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Source: Company Reports
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Managed Portfolio Performance
TMCC Retaili Loan Delinquency Experience (1)
At December 31, At March 31,
---------------------- ---------- ---------- -------------- ----------- -----------
2012 2011 2012 2011 2010 2009 2008
----------- ---------- ---------- ---------- -------------- ----------- -----------
Outstanding Contracts (2) 3,153,235 3,132,976 3,119,781 3,189,591 3,093,894 3,050,178 2,942,565
Number of Accounts Past Due
in the followingcategories
30 - 59 days 45,965 52,675 35,162 43,070 55,123 57,547 54,219
60 - 89 days 9,932 11,456 6,786 8,588 11,722 13,327 13,010
Over 89 days 8,497 9,263 5,870 9,153 10,953 11,797 9,575
Delinquencies as a Percentage
of Contracts Outstanding (3)
30 - 59 days 1.46% 1.68% 1.13% 1.35% 1.78% 1.89% 1.84%
60 - 89 days 0.31% 0.37% 0.22% 0.27% 0.38% 0.44% 0.44%
Over 89 days 0.27% 0.30% 0.19% 0.29% 0.35% 0.39% 0.33%
(1) The historical delinquency data reported in this table includes all retail
vehicle installment sales contracts purchased by TMCC, excluding those
purchased by a subsidiary of TMCC operating in Puerto Rico. Includes contracts
that have been sold but are still being serviced by TMCC.
(2) Number of contracts outstanding at end of period.
(3) The period of delinquency is based on the number of days payments are
contractually past due. A payment is deemed to be past due if less than 90% of
such payment is made.
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Source: Company Reports
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Performance -- Retail Loan
TMCC Managed Portfolio Net Loss and Repossession Experience (dollars in
thousands) (1)
For the 9Months Ended For the FiscalYears Ended
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December 31, March 31,
---------------------------------- -------------- ------------- ------------- ------------- -------------
2012 2011 2012 2011 2010 2009 2008
---------------- ----------------- -------------- ------------- ------------- ------------- -------------
PrincipalBalance Outstanding (2) $46,632,023 $44,671,053 $44,648,020 $45,053,303 $43,234,740 $43,485,623 $42,313,780
Average PrincipalBalance Outstanding (3) $45,640,021 $44,862,178 $44,850,661 $44,144,021 $43,360,181 $42,899,702 $39,900,783
Number of Contracts Outstanding 3,153,235 3,132,976 3,119,781 3,189,591 3,093,894 3,050,178 2,942,565
Average Number of Contracts Outstanding (3) 3,136,508 3,161,284 3,154,686 3,141,743 3,072,036 2,996,372 2,812,234
Number of Repossessions (4) 24,764 32,475 42,937 64,710 79,637 81,270 65,785
Number of Repossessions as a Percent of
the Average Number of Contracts Outstanding 1.05% (7) 1.37% (7) 1.36% 2.06% 2.59% 2.71% 2.34%
Gross Charge-Offs (5)(8) $181,388 $186,839 $240,736 $447,159 $724,212 $897,508 $608,689
Recoveries (6) $45,173 $59,709 $78,593 $98,105 $116,892 $87,182 $68,511
Net Losses $136,215 $127,130 $162,143 $349,054 $607,320 $810,326 $540,178
Net Losses as a Percentage of Average
PrincipalBalance Outstanding 0.40% (7) 0.38% (7) 0.36% 0.79% 1.40% 1.89% 1.35%
(1) The net loss and repossession data reported in this table includes all
retail installment sales contracts purchased by TMCC, excluding those purchased
by a subsidiary of TMCC operating in Puerto Rico. Includes contracts that have
been sold but are still being serviced by TMCC.
(2) Principal Balance Outstanding includes payoff amount for simple interest
contracts and net principal amount for actuarial contracts.
(3) Average of the principal balance or number of contracts outstanding as of
the beginning and end of the indicated periods.
(4) Includes bankrupt repossessions but excludes bankruptcies.
(5) Amount charged-off is the net remaining principal balance, including earned
but not yet received finance charges, repossession expenses and unpaid extension
fees, less any proceeds from the liquidation of the related vehicle. Also
includes dealer reserve charge-offs.
(6) Includes all recoveries from post-disposition monies received on previously
charged -off contracts including any proceeds from the liquidation of the
related vehicle after the related charge-off. Also includes recoveries for
dealer reserve charge-offs and chargebacks.
(7) Annualized.
(8) Beginning in February 2010, Toyota Motor Credit Corporation changed its
charge-off policy from 150 days past due to 120 days past due.
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Source: Company Reports
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Origination Profile
TMCC Retail Auto Loan Originations
Original Summary Characteristics
2007 2008 2009 2010 2011 2012(1)
by Vintage Origination Year:
================== ================== ================== ================== =================== =================
Number of Pool Assets 1,070,814 1,070,411 824,133 956,010 911,545 973,979
OriginalPool Balance $23,723,872,435 $23,938,411,965 $17,974,710,305 $21,924,552,881 $21,608,462,287 $24,029,119,369
Average InitialLoan Balance $22,155 $22,364 $21,810 $22,933 $23,705 $24,671
Weighted Average Interest Rate 7.64% 6.03% 5.69% 3.91% 3.76% 3.15%
Weighted Average OriginalTerm 62 months 63 months 62 months 62 months 63months 63 months
Weighted Average FICO 708 723 737 738 735 731
Geographic Distribution of Receivables
representing the 5 states with the greatest
aggregate originalprincipalbalance:
State 1 CA - 22.9% CA - 20.7% CA - 18.9% CA - 18.0% CA - 18.9% CA - 19.3%
State 2 TX - 11.0% TX - 12.0% TX - 12.1% TX - 13.1% TX - 12.6% TX - 14.1%
State 3 NY - 5.1% NY - 4.8% NY - 5.4% NY - 5.2% NY - 5.4% NY - 5.1%
State 4 NJ - 4.8% NJ - 4.5% NJ - 5.2% NJ - 4.7% NJ - 4.9% NJ - 4.5%
State 5 VA - 4.3% IL - 4.3% IL - 4.3% VA - 4.5% IL - 4.1% VA - 4.2%
Distribution of Receivables by Contract Rate: (2)
Less than 2.0% 11.3% 16.0% 17.1% 35.2% 30.3% 44.1%
2.0% - 3.99% 8.9% 14.7% 17.9% 22.8% 35.9% 27.8%
4.0% - 5.99% 11.6% 20.4% 21.2% 19.3% 17.5% 15.1%
6.0% - 7.99% 31.8% 26.2% 23.9% 13.6% 8.5% 6.6%
8.0% - 9.99% 18.2% 12.6% 11.3% 4.1% 3.2% 2.7%
10.0% - 11.99% 6.0% 3.7% 3.6% 1.7% 1.6% 1.4%
12.0% - 13.99% 2.5% 2.1% 1.7% 0.9% 0.7% 0.5%
14.0% - 15.99% 2.4% 1.3% 1.0% 0.7% 0.6% 0.5%
16.0% and greater 7.4% 3.0% 2.3% 1.8% 1.7% 1.4%
================== ================== ================== ================== =================== =================
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
================== ================== ================== ================== =================== =================
Share of Original Assets:
% of Non-Toyota/Non-Lexus 7.2% 6.1% 4.8% 4.9% 4.4% 3.3%
% of 72+ Month Term 7.7% 20.6% 15.1% 9.8% 10.5% 10.0%
% of Used Vehicles 23.4% 25.4% 29.5% 30.6% 31.5% 24.4%
(1) As of December 31, 2012
(2) Percentages may not add to 100% due to rounding
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Source: Company Reports
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Origination Characteristics
[GRAPHIC OMITTED]
*As of December 31, 2012
Source: Company Reports
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ABS Deal Comparison
Toyota Auto Owner Trust (TAOT)(1)
TAOT 2010-C TAOT 2011-A TAOT 2011-B TAOT 2012-A TAOT 2012-B
===================================== ===================== ==================== ===================== ====================== =====================
Number of Pool Assets 104,874 77,857 111,163 95,915 62,985
Original Pool Balance $1,344,094,647 $1,038,130,389 $1,573,816,681 $1,558,792,743 $1,034,333,678
Average Principal Balance $12,816 $13,334 $14,158 $16,252 $16,422
Weighted Average Interest Rate 4.06% 3.57% 2.99% 2.89% 2.85%
Weighted Average Original Term 60 60 60 61 61
Weighted Average FICO 755 755 755 754 754
Geographic Distribution of
Receivables representing the 5 states
with the greatest aggregate original
principal balance:
State 1 CA - 19.5% CA - 19.0% CA - 18.9% CA - 19.8% CA - 21.4%
State 2 TX - 11.5% TX - 12.2% TX - 12.0% TX - 12.4% TX - 13.3%
State 3 PA - 5.9% PA - 5.4% PA - 4.8% IL - 4.5% NJ - 4.7%
State 4 MD - 4.8% IL - 4.6% NY - 4.5% VA - 4.5% IL - 4.5%
State 5 IL - 4.6% NY - 4.5% IL - 4.5% MD - 4.1% NY - 4.5%
Share of Original Assets:
% of Non-Toyota/Non-Le 0.0% 0.0% 0.0% 0.0% 0.0%
% of 72+ Month Term 0.0% 0.0% 0.0% 0.0% 0.0%
% of Used Vehicles 19.5% 20.3% 23.8% 27.3% 26.3%
(1) Abbreviated for presentation purposes
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Source: Company Reports
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TAOT Deal Performance
As of February 15, 2013 Payment Date
Transaction Moody's EL SandP's EL
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TAOT 2010-A 1.25% (1) 1.70% - 1.90% (2)
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TAOT 2010-B 1.25% (1) 1.50% - 1.70% (2)
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TAOT 2010-C 1.15% (1) 1.40% - 1.60% (2)
----------- ---------- -----------------
TAOT 2011-A 1.15% (1) 1.40% - 1.60%
----------- ---------- -----------------
TAOT 2011-B 0.85% (1) 1.15% - 1.35%
----------- ---------- -----------------
TAOT 2012-A 0.70% 0.85% - 1.00%
----------- ---------- -----------------
TAOT 2012-B 0.50% 0.75% - 0.90%
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[GRAPHIC OMITTED]
(1) Moody's cumulative net loss assumption at initial transaction rating. On
September 15, 2011, Moody's announced that it had decreased the transaction
CNL assumptions to 0.45%-0.70% for 2010-A and 2010-B and 0.35%-0.60% for
2010-C. On February 16, 2012, Moody's announced that it had decreased the
transaction CNL assumption to 0.40% on 2011-A. On November 21, 2012,
Moody's announced that it had decreased the transaction CNL assumption to
0.25% on 2011-B.
(2) Standard and Poors cumulative net loss assumption at initial transaction
rating. On January 17, 2012, Standard and Poors announced that it had
decreased the transaction CNL assumptions to 0.45%-0.55% for 2010-A,
0.40%-0.50% for 2010-B and 0.35%-0.45% for 2010-C.
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Source: Company Reports
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Sales and Trading Update
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Industry Performance
U.S. light vehicle seasonally adjusted annual rate (SAAR) and Toyota Motor
Sales (TMS), U.S.A. Inc. sales February 2008 - January 2013
[GRAPHIC OMITTED]
The U.S. automobile SAAR figure for January 2013 was 15.2 million, the third
consecutive month it has been above 15 million this year.
Source: Toyota, Bloomberg, Ward's Automotive Group.
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TMS Monthly Sales Performance
Toyota U.S. January 2013 unit sales Lexus Division Top 5 makes
[GRAPHIC OMITTED]
Jan-12 Jan-13
--- ------------------------- ------
RX 5.038 5.394
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ES 2.410 5.186
--- ------------------------- ------
IS 1.810 1.386
--- ------------------------- ------
GS 0.093 1.099
LS 0.573 1.077
Thousands of vehicles
Toyota U.S. January 2013 unit sales Toyota Division Top 5 makes
[GRAPHIC OMITTED]
Jan-12 Jan-13
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Camry 28.295 31.897
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Corolla 17.988 23.822
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Prius 11.555 15.772
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Tacoma 8.898 11.622
RAV4 9.819 11.610
Thousands of vehicles
[] TMS January 2013 sales totaled 157,725 units, up 26.6% from January 2012.
[] Prius family January 2013 sales volume rose 36.5% from January 2012.
[] Lexus sales continue to improve, driven by new model launches.
[] North American production totaled 112,794 units for January 2013, a volume
increase of 25.5% from January 2012.
Toyota Division represents Toyota and Scion vehicle sales TMS monthly results
include fleet sales volume
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Funding Flexibility
Focus on More Diverse Maturities in USD Issuance (1)(2)
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1) Unsecured U.S. MTN issuance, excluding Structured Notes and Retail Notes.
2) Percentages may not add to 100% due to rounding
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Source: Company Reports, December 31, 2012
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Commercial Paper Programs Highlights
[] A-1+/P-1 Direct Commercial Paper Programs
-- 3 distinct USD commercial paper programs (TMCC, TCPR, TCCI)
-- $13 billion multi-party committed credit facilities
-- $4.2 billion bilateral committed credit facilities
-- $24.9 billion USCP combined outstanding for TMCC and TCPR
-- Over 600 diverse institutional investors
[] State and local municipalities
[] Large corporations
[] Pension and retirement funds
[] Financial institutions
[] Money managers and mutual fund companies
-- Rates are posted daily on Bloomberg DOCP screen
Source: Toyota Motor Credit Corporation, December 31, 2012 10-Q
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Exceptional Liquidity
[] $6.1 billion Short-term Investment Portfolio(1)
[] Over $50 billion in salable retail loan and lease receivables
[] Access to various domestic and international term markets
[] Billions of additional capacity in global benchmark markets
[] Inter-company lending infrastructure
[] Credit Support Agreements: TMC [] TFSC [] TMCC, TCPR, TCCI
1) Average balance for fiscal year ended December 31, 2012
Source: Toyota Motor Credit Corporation, December 31, 2012 10-Q
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