EX-99.1 2 dp36620_ex9901.htm EXHIBIT 99.1
Exhibit 99.1
 


                      Presentation Materials for Investors

                                 February 2013


 
 
 

 
 
 

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.

                                                                               2


 
 
 

 
 
 

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.


 
 
 

 
 
 


Toyota's Global Businesses

[GRAPHIC OMITTED]

                                                                               4


 
 
 

 
 
 

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

                                                                               5


 
 
 

 
 
 

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

                                                                               6


 
 
 

 
 
 

Toyota Across the United States

                               [GRAPHIC OMITTED]

Source: Toyota Motor Corporation FY2011 and FY2012 Financial Summary

                                                                               7


 
 
 

 
 
 

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

                                                                               8


 
 
 

 
 
 

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
--------------------------------------- ----------------------------------- --------------------------------------
         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
--------------------------------------- ----------------------------------- --------------------------------------
           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
--------------------------------------- ----------------------------------- --------------------------------------
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
--------------------------------------- ----------------------------------- --------------------------------------

                                                                               9


 
 
 

 
 
 

Toyota Motor Sales, USA (3)

                               [GRAPHIC OMITTED]

                                                                              10


 
 
 

 
 
 

Toyota Motor Sales, USA (4)
                               [GRAPHIC OMITTED]


Toyota PRIUS Plug-In
                               [GRAPHIC OMITTED]

                                                                              11


 
 
 

 
 
 

Toyota Motor Sales, USA (5)

Lexus IS F-Sport
                               [GRAPHIC OMITTED]

                                                                              12


 
 
 

 
 
 

                           Toyota Financial Services

                                                                              13


 
 
 

 
 
 

TFS Group Global Presence

[] 34 Countries and Regions Worldwide

                               [GRAPHIC OMITTED]
                                                                              14

 
 
 

 
 
 

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
                                                                              15


 
 
 

 
 
 

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.

                                                                              16

 
 
 

 
 
 

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

                                                                              17


 
 
 

 
 
 

Extensive Field Organization

[] Decentralized dealer and field support

[] Centralized servicing and collections

                               [GRAPHIC OMITTED]

                                                                              18


 
 
 

 
 
 

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

                                                                              19


 
 
 

 
 
 

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

                                                                              20


 
 
 

 
 
 

TMCC Earning Asset Composition
                               [GRAPHIC OMITTED]

Source: TMCC March 31, 2012 10-K and December 31, 2012 10-Q

                                                                              21


 
 
 

 
 
 

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

                                                                              22


 
 
 

 
 
 

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
                                                                              23


 
 
 

 
 
 


                             TMCC Funding Programs

                                                                              24


 
 
 

 
 
 

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


 
 
 

 
 
 

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

                                                                              26


 
 
 

 
 
 

TMCC FYTD13 Funding Overview

TMCC Long Term Debt Issuance
                               [GRAPHIC OMITTED]

[]   $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
                                                                              27


 
 
 

 
 
 

Diversification in Debt Offerings

TMCC Long Term Debt Outstanding

                               [GRAPHIC OMITTED]

As of December 31, 2012
Source:Company Reports

                                                                              28


 
 
 

 
 
 

Funding Flexibility And Responsiveness

Increased Diversification Across USD Curve (1)

                               [GRAPHIC OMITTED]

(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


 
 
 

 
 
 

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

                                                                              30


 
 
 

 
 
 


                TMCC Retail Loan Collateral and ABS Transactions

                                                                              31


 
 
 

 
 
 

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

                                                                              32


 
 
 

 
 
 

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

                               [GRAPHIC OMITTED]

* Abbreviated for presentation purposes

                                                                              33

Source: Company Reports


 
 
 

 
 
 

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.

                                                                              34

Source: Company Reports



 
 
 

 
 
 


Performance -- Retail Loan

TMCC Managed Portfolio Net Loss and Repossession Experience (dollars in
thousands) (1)

                                                 For the 9Months Ended                                      For the FiscalYears Ended
                                             ---------------------------------- -------------- ----------------------------------------- -------------
                                                      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.


                                                                              35

Source: Company Reports



 
 
 

 
 
 

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
                                                                              36

Source: Company Reports


 
 
 

 
 
 

Origination Characteristics

                               [GRAPHIC OMITTED]

*As of December 31, 2012
Source: Company Reports

                                                                              37


 
 
 

 
 
 

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

                                                                              38

Source: Company Reports


 
 
 

 
 
 

TAOT Deal Performance

                      As of February 15, 2013 Payment Date


Transaction Moody's EL     SandP's EL
----------- ---------- -----------------
TAOT 2010-A  1.25% (1) 1.70% - 1.90% (2)
----------- ---------- -----------------
TAOT 2010-B  1.25% (1) 1.50% - 1.70% (2)
----------- ---------- -----------------
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%
----------- ---------- -----------------

                               [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.


                                                                              39

Source: Company Reports


 
 
 

 
 
 

                            Sales and Trading Update

                                                                              40


 
 
 

 
 
 

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.

                                                                              41



 
 
 

 
 
 

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
--- ------------------------- ------
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
------- -------------------------- ------
Camry   28.295                     31.897
------- -------------------------- ------
Corolla 17.988                     23.822
------- -------------------------- ------
Prius   11.555                     15.772
------- -------------------------- ------
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

                                                                              42


 
 
 

 
 
 

Funding Flexibility

Focus on More Diverse Maturities in USD Issuance (1)(2)

                               [GRAPHIC OMITTED]

1) Unsecured U.S. MTN issuance, excluding Structured Notes and Retail Notes.
2) Percentages may not add to 100% due to rounding

                                                                              43

Source: Company Reports, December 31, 2012


 
 
 

 
 
 

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

                                                                              44


 
 
 

 
 
 

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

                                                                              45


 
 
 

 
 
 



                                [GRAPHIC OMITTED]