EX-99.1 2 dp47573_ex9901.htm EXHIBIT 99.1
Exhibit 99.1
 
 


Presentation Materials for Investors

June 2014
                                                                               1

 
 
 
 

 
 
 

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.

[] Investors and others should note that we announce material financial
information using the investor relations section of our corporate website
(http://www. toyotafinancial. com) and SEC filings. We use these channels,
press releases, as well as social media to communicate with our investors,
customers and the general public about our company, our services and other
issues. While not all of the information that we post on social media is of a
material nature, some information could be material. Therefore, we encourage
investors, the media, and others interested in our company to review the
information we post on the Toyota Motor Credit Corporation Twitter Feed
(http://www. twitter.com/toyotafinancial) . We may update our social media
channels from time to time on the investor relations section of our corporate
website.
                                                                               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 13 September 2013 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.

[] Investors and others should note that we announce material financial
information using the investor relations section of our corporate website
(http://www. toyotafinancial. com) and SEC filings. We use these channels,
press releases, as well as social media to communicate with our investors,
customers and the general public about our company, our services and other
issues. While not all of the information that we post on social media is of a
material nature, some information could be material. Therefore, we encourage
investors, the media, and others interested in our company to review the
information we post on the Toyota Motor Credit Corporation Twitter Feed
(http://www. twitter.com/toyotafinancial) . We may update our social media
channels from time to time on the investor relations section of our corporate
website.

                                                                               3


 
 
 
 

 
 
 

Toyota's Global Businesses





                                                                               4


 
 
 
 

 
 
 

TMC Consolidated Financial Results




                          Fiscal Year Ended March 31,
(JPY billions)      2012                     2013     2014
================ ======== ======================== =========
Net Revenues     18,583.7                22,064.2  25,691.9
Operating Income    355.6                 1,320.9   2,292.1
Net Income          283.6                   962.2   1,823.1


Source: TMC FY2012 , FY2013 & FY2014 Financial Summary

                                                                               5


 
 
 
 

 
 
 

TMC Consolidated Balance Sheet




                                  FY2012              FY2013              FY2014
(JPY billions)       Asof March 31, 2012 Asof March 31, 2013 Asof March 31, 2014
======================================= =================== ===================
Current assets                      12,321.2       13,784.9            15,717.7
Noncurrent finance receivables, net  5,602.5        6,943.8             8,102.3
Investment & other assets            6,491.9        7,903.4             9,976.2
Property, plant & equipment, net     6,235.4        6,851.2             7,641.3
                     =================== =================== ===================
Total Assets                        30,651.0       35,483.3             41,437.5
                     =================== =================== ===================
Liabilities                         19,584.5       22,710.5           26,218.5
Shareholders' equity                11,066.5       12,772.9            15,219.0
                    =================== =================== ===================
Total Liabilities &
Shareholders' Equity                30,651.0       35,483.3             41,437.5
                    =================== =================== ===================


Source: TMC FY2012 , FY2013 & FY2014 Financial Summary

                                                                               6


 
 
 
 

 
 
 

Toyota Across the United States

Operations Overview

                                                                               7

 
 
 
 

 
 
 

Toyota's Next Chapter

[] Recently announced consolidation of Toyota headquarters functions

[] Will move to a single location in Plano, Texas during 2016 - 2018

[] Unified manufacturing and sales leadership HQ will enable us to:

-- Improve collaboration and break down operational siloes

-- Respond to changes in the market faster and improve our competitive
advantage

-- Better align manufacturing operations with sales, marketing and other
functions

-- Ultimately build better vehicles for our customers

                                                                               8

 
 
 
 

 
 
 

Toyota Motor Sales, USA

[] TMS sold 2.23 million vehicles in 2013; its highest sales volume since 2007
and up 7.4% from 2012

-- Toyota division was the #1 US retail brand in 2013

-- Camry was the best-selling passenger car in America for the 12(th)
consecutive year

[] Industry-leading investment in next-generation technologies in power-train,
safety and production

-- TMS has one of the most fuel-efficient line-ups of any full-line OEM

-- Over 2.2 million hybrids sold in the US and nearly 6 million worldwide(1)

-- 11 hybrid models (2), 1 plug-in model, and 1 EV model across the TMS
line-up

[] For 2014, TMS is launching 10 new or refreshed models.  Recent and upcoming
vehicle launches:




- 4Runner         - RAV 4    - Lexus IS
- Camry           -Tundra    - Lexus RC / RC F
- Highlander & HV - Scion tC - Lexus NX


(1) As of December 2013

(2) Includes cars and light trucks


Source: TMS Reports

                                                                               9


 
 
 
 

 
 
 

Toyota Motor Sales, USA (2)

[] Quality, dependability, safety and product appeal remain high as reflected
by numerous 3(rd) party accolades

10

2014 NHSTA 5-Star

Overall Safety Rating

14 Toyota, Lexus and Scion models

2014 NHTSA Top 10 Most 'American Made'

Vehicles

Camry, Corolla & Tundra

2013 Edmunds

Best Small Pickup Truck

Toyota Tacoma

2014 Consumer Reports

Best New Car Value

Toyota Prius

Worlds Most Innovative Companies

Toyota ranked 5(th) overall and the highest

amongst automotive brands

2013 Initial Quality Study

Camry ranked no. 1

2014 Popular Mechanics

10 Best Cars and Trucks

2014 Lexus IS

Interbrand

Best Brand in 2013

Toyota ranked 10(th) overall and the highest

amongst automotive brands

Kelley Blue Book's

10 Best Green Cars of 2013

Prius Plug-in & Avalon Hybrid

                                                                              10

 
 
 
 

 
 
 

Toyota Motor Sales, USA (3)


                                                                              11


 
 
 
 

 
 
 

Toyota Motor Sales, USA (4)


                                                                              12

 
 
 
 

 
 
 

Toyota Motor Sales, USA (5)


                                                                              13

 
 
 
 

 
 
 

Toyota

Financial

Services

                                                                              14


 
 
 
 

 
 
 

TFS Group Global Presence

                                                                              15

 
 
 
 

 
 
 

Toyota Motor Credit Corporation (TMCC)

Toyota Motor Corporation (TMC)


Toyota Financial Services Corporation (TFSC)


Toyota Motor Credit Corporation (TMCC)

(1)
[] Over 4.1  million active finance contracts (2) (2)
[] AA- /Aa3 rated captive finance company by S&P / Moody's (3)
[] Credit support agreement structure with TFSC/TMC




(1) As of March 31, 2014
(2) Outlook stable
(3) The Credit Support Agreements do not apply to securitization transactions

                                                                              16

 
 
 
 

 
 
 

TMCC Products and Services


17

[] Retail

[] Lease

[] Wholesale

[] Real Estate

[]Working Capital

[] Revolving Credit Lines

[]Forklift

[] Hino Medium Duty

[]Retail

[]Lease

[] Service Agreements

[] Prepaid Maintenance

[] Guaranteed Auto

Protection

[] Excess Wear & Use

[] Tire & Wheel
                                                                              17

 
 
 
 

 
 
 

Extensive Field Organization

[] Decentralized dealer and field support

[] Centralized servicing and collections (circled)


                                                                              18


 
 
 
 

 
 
 

Recent TMCC Business Highlights

[] In excess of $10.6   billion income before income taxes over the past 5
years(1)

[] Continuing the trend in 2014, TFS is the top U. S.  auto lender in all new
vehicles(2)

[] Strong market share continues to drive solid financing revenues and sales
support

[] Low net charge-off  ratio driven by prudent underwriting standards and
proactive servicing practices

[] High insurance penetration and growing insurance volume

(1) For the four year period from FY10 through FY14

(2) Source: AutoCount as of December 31, 2013


                                                                              19


 
 
 
 

 
 
 

TMCC Earning Asset Composition





                                                                  24.9
 17.4         19.3                19.0                     20.2
------ ----- -------- ---------- ------ ----------------- ------ ------
Mar-10       Mar-11              Mar-12                   Mar-13 Mar-14
       Lease   Retail Sold (ABS)        Wholesale & Other


Source: TMCC March 31, 2011 10-K, March 31, 2012 10-K , March 31, 2013 10-K
&March 31, 2014 10-K

                                                                              20


 
 
 
 

 
 
 

TMCC Financial Performance - Select Data

Fiscal Year Ended March 31,

Source: TMCC March 31, 2012 10-K & TMCC March 31, 2014 10-K

21




(USD millions)                        2010  2011
------------------------------------ ----- -----
Total Financing Revenues             8,163 8,064
  add: Other Income                   680   779
  less: Interest Expense             5,587 4,967
                  and Depreciation
Net Financing Revenues               3,256 3,876
                  and Other Revenues
Net Income                           1,063 1,853





 2012  2013   2014
----- ------ -----
7,429 7,244  7,397
  717  744    702
4,639 4,508  5,352
3,507 3,480  2,747
1,486  1,331  857

                                                                              21

 
 
 
 

 
 
 

TMCC Financial Performance - Select Data

(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)





Note: All percentage figures calculated were
based on a 120-day charge-off policy
                                             Source: TMCC March 31, 2014 10-K 22


Fiscal Year Ended March 31,




(USD millions)                       2010   2011
------------------------------------ ----- ------
Over 60 Days Delinquent (1)        0.45% 0.26%
Allowance for Credit Losses(1) (2) 2.31%  1.13%
Net Credit Losses                    1.03% 0 .52%





 2012 2013   2014
----- ----- ------
0.18% 0.19% 0 .18%
0.80% 0.63% 0.50%
                 .
0 .21% 0.27% 0.28%
                                                                              22


 
 
 
 

 
 
 

TMCC

Funding

Programs

                                                                              23


 
 
 
 

 
 
 

Exceptional Liquidity

[] A-1+/P-1     direct commercial paper program (1) [] $18.7  billion committed
credit facilities (2) [] $6.0   billion short-term  investment portfolio

[] Over $60  billion in readily salable retail loan & 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) As of March 31, 2014
(2) Average balance for fiscal year end March 31, 2014 24
Source: TMCC March 31, 2014 10-K

                                                                              24

 
 
 
 

 
 
 

TMCC Funding Program Objectives

[] 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

                                                                              25


 
 
 
 

 
 
 

New Funding Vehicles

[] Auto industry's first ever Green Bond ABS

[] Diversity and Inclusion (D&I) bond syndicates led by diversity firms

[] Competitive, innovative and socially responsible

                                                                              26

 
 
 
 

 
 
 

TMCC FY14 Funding Overview

$19.9 billion of long term debt funded in FY2014

Other
3%

EMTN
13%

Global MTN
21%


MTN
35%

Public /
Private ABS
28%

[] $14.3   billion in unsecured debt

[] $5.6   billion in secured debt (net of amount retained)

-- $2.5   billion comprised of public term secured funding (net of amount
retained)




As of March 31, 2014
                        27
Source: Company Reports

                                                                              27

 
 
 
 

 
 
 

Diversification in Debt Offerings

TMCC Long Term Debt Outstanding (USD millions)

By Deal Type

By Currency

Uridashi

$2,457

                                                                              28

 
 
 
 

 
 
 

Funding Flexibility And Responsiveness

Diversification Across USD Curve (1)





(1) Unsecured U.S. MTN issuance, excluding Structured Notes and Retail Notes
Percentages may not add to 100% due to rounding
As of March 31, 2014
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 & ABS
Transactions


                                                                              31


 
 
 
 

 
 
 

Credit Decisioning & Collections

[] Recent consistent, conservative underwriting standards have produced low
levels of delinquencies and credit losses

-- Identification & minimization of least desirable segments

-- Ongoing focus on Toyota and Lexus business

[] Optimization of collections strategy and staff supports loss mitigation
while enabling portfolio growth

-- Emphasis on early intervention

-- Reinforcement of strong compliance management system


(1) Delinquency is 30+ day delinquencies as a percentage of receivables
outstanding

(2) Credit loss is annual net credit loss as a percentage of receivables
outstanding


                                                                              32


 
 
 
 

 
 
 

Credit: Results*

[] Retail loan credit performance has shown significant improvement

-- Portfolio-level  performance trends show general improvement

-- Recent vintages outperforming older cohorts





0 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72
Month
* Abbreviated for presentation purposes 33


Source: Company Reports
                                                                              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

Managed Portfolio Performance

TMCC Retail Loan Delinquency Experience (1)




                                  2014         2013
                              ------------- ---------------
Outstanding Contracts(2)       3,220,641     3,156,247
Number of AccountsPast Due
in the following categories
                 30 - 59 days     32,920        35,672
                 60 - 89 days      6,660          7,182
                 Over 89 days      5,799          6,362
Delinquenciesasa Percentage
of ContractsOutstanding (3)
                 30 - 59 days         1.02%        1.13%
                 60 - 89 days        0 .21%        0.23%
                 Over 89 days         0.18%        0.20%


At March 31,




  2012           2011          2010
------------ ------------- ----------------
3,119,781    3,189,591       3,093,894
   35,162       43,070          55,123
    6,786        8,588          11,722
    5,870        9,153          10,953
     1.13%        1.35%           1.78%
     0.22%        0.27%           0.38%
     0.19%        0.29%           0.35%

                                                                              34

 
 
 
 

 
 
 

(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. Actuarial contracts
do not comprise any of the Receivables.

(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) Beginning in February 2010, Toyota Motor Credit Corporation changed its
charge-off policy from 150 days past due to 120 days past due.

(7) 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.

35

Source: Company Reports

Performance -- Retail Loan

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

For the Fiscal Years Ended




                                                 2014              2013
                                             ---------------- --------------
Principal Balance Outstanding(2)              $48,761,164      $46,932,720
Average Principal BalanceOutstanding (3)      $47,846,942      $45,790,370
Number ofContracts Outstanding                  3,220,641        3,156,247
Average Number of
 Contracts Outstanding(3)                       3,188,444        3,138,014
Number ofRepossessions(4)                          34,923           34,353
Number ofRepossessions as aPercentof
 the Average Number of Contracts Outstanding         1.10%           1.09%
Gross Charge-Offs(5)(6)                           $257,586        $244,432
Recoveries(7)                                      $62,714         $69,088
Net Losses                                        $194,872        $175,344
Net Losses as aPercentageof Average
 Principal Balance Outstanding                       0.41%           0.38%





     2012             2011           2010
---------------- -------------- ---------------
$44,648,020      $45,053,303    $43,234,740
 $44,850,661     $44,144,021    $43,360,181
   3,119,781       3,189,591      3,093,894
   3,154,686       3,141,743      3,072,036
      42,937          64,710         79,637
        1.36%          2.06%           2.59%
    $240,736         $447,159       $724,212
     $78,593          $98,105       $116,892
    $162,143         $349,054       $607,320
        0.36%           0.79%          1.40%

                                                                              35

 
 
 
 

 
 
 

Source: Company Reports

Origination Profile

TMCC Retail Auto Loan Originations




O riginal SummaryCharacteristics                       2010               2011
by Vintage O rigination Year:
                                           ========== ====== ===================
Number of Pool Assets                                 956,010            911,545
Original Pool Balance                          $21,924,552,881   $21,608,462,287
Average Initial LoanBalance                            $22,933           $23,705
Weighted Average Interest Rate                           3.91%             3.76%
Weighted Average Original Term                      62 months          63 months
Weighted Average FICO                                     738                735
Geographic Distribution of Receivablesrepresenting the 5
states withthe greatest aggregate original principal balance:
             State 1                               CA   18.0%         CA - 18.9%
             State 2                                   TX  13.1%        TX 12.6%
             State 3                                 NY - 5.2%         NY - 5.4%
             State 4                                  NJ - 4.7%         NJ- 4.9%
             State 5                              VA - 4.5%            IL - 4.1%
Distribution of Receivablesby Contract Rate:(2)
             Less than2.0%                               35.2%             30.3%
             2.0% - 3.99%                                22.8%             35.9%
             4.0% - 5.99%                               19.3%              17.5%
             6.0% - 7.99%                                13.6%              8.5%
             8.0% - 9.99%                                4.1%               3.2%
             10.0% - 11.99%                               1.7%              1.6%
             12.0% -13.99%                                0.9%              0.7%
             14.0% - 15.99%                               0.7%              0.6%
             16.0% andgreater                            1.8%               1.7%
                                           ========== ====== ===================
                         Total                         100.00%           100.00%
                                           ================= ===================
Share of Original Assets:
             Percentage ofNon-Toyota/Non-Lexus            4.9%              4.4%
             Percentage of72+ Month Term                  9.8%             10.5%
             Percentage ofUsed Vehicles                 30.6%              31.5%





  2012               2013             2014 (1)
================= =================== =================
       973,979           1,008,958             221,109
$24,029,119,369   $25,332,328,542       $5,632,125,913
        $24,671            $25,107            $25,472
           3.15%              2.94%              3.22%
       63 months          63 months          64 months
            731                727                 723
      CA - 19.3%         CA - 21.4%          CA - 21.5%
       TX - 14.1%         TX -13.3%          TX - 14.3%
       NY - 5.1%           NY - 4.6%          NY - 4.5%
       NJ - 4.5%           NJ - 4.4%          NJ- 4.3%
       VA - 4.2%            IL - 3.9%         PA - 3.9%
           44.1%              51.2%              49.2%
          27.8%               20.2%              20.3%
           15.1%              14.0%               14.1%
            6.6%               6.7%                7.6%
            2.7%               3.2%                3.6%
            1.4%                1.5%               1.7%
           0.5%                0.6%               0.7%
           0.5%                0.6%               0.7%
            1.4%               2.0%                2.1%
================= =================== =================
       100.00%             100.00%            100.00%
================= =================== =================
            3.3%               3.3%                3.6%
           10.0%              10.6%               11.2%
          24.4%              24.5%                25.1%

                                                                              36

 
 
 
 

 
 
 

Origination Characteristics


Weighted Average Original Term

*As of March 31, 2014
Source: Company Reports

Weighted Average FICO


Weighted Average FICO

New vs. Used

                                                                              37

 
 
 
 

 
 
 

(1) Abbreviated for presentation purposes

38

Source: Company Reports

ABS Deal Comparison

(1)
Toyota Auto Owner Trust (TAOT)




O riginal Summary Characteristicsby          TAO T 2012-A           TAO T 2012-B
Prior Securitization:
                                             ====================== ===========
Number of Pool Assets                                      95,915         62,985
Original Pool Balance                           $1,558,792,743    $1,034,333,678
Average Principal Balance                                $16,252         $16,422
Weighted Average Interest Rate                              2.89%          2.85%
Weighted Average Original Term                                   61           61
Weighted Average FICO                                         754            754
GeographicDistribution of Receivables
representing the 5 states with the greatest
               State 1                                 CA - 19.8%     CA - 21.4%
               State 2                                 TX 12.4%         TX 13.3%
               State 3                                   IL - 4.5%     NJ - 4.7%
               State 4                                  VA - 4.5%      IL - 4.5%
               State 5                                  MD - 4.1%      NY - 4.5%
Share of Original Assets:
               Percentage of Non-Toyota/Non-                 0.0%           0.0%
               Percentage of 72+ Month Term                  0.0%           0.0%
               Percentage of Used Vehicles                  27.3%          26.3%





TAO T 2013-A           TAO T 2013-B          TAO T 2014-A
====================== ===================== ======================
              84,513                 66,096               115,093
      $1,301,545,574         $1,054,454,801        $1,845,073,346
            $15,401                $15,953                $16,031
               2.56%                 2.24%                  2.10%
                 61                    61                     61
                756                    757                   757
         CA - 20.0%              CA - 21.3%            CA - 22.6%
           TX 13.3%                TX 13.4%              TX 13.4%
           VA - 4.3%               IL - 4.2%              IL - 4.6%
             IL - 4.3%            VA - 4.1%              PA - 4.3%
            NJ - 4.2%             PA - 4.0%              NJ - 4.2%
                0.0%                   0.0%                   0.0%
                0.0%                   0.0%                   0.0%
               22.7%                  21.8%                  21.4%

                                                                              38

 
 
 
 

 
 
 

TAOT Deal Performance

As of April 15, 2014 Payment Date


Source: Company Reports

1 2 3 4 5 6 7 8
91011121314151617181920212223242526272829303132333435363738394041




TAOT 2010-A
TAOT 2010-B
TAOT 2010-C
TAOT 2011-A
TAOT 2011-B
TAOT 2012-A
TAOT 2012-B
TAOT 2013-A
TAOT 2013-B
TAOT 2014-A






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Sales

& Trading

Update

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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) -- $13.0
billion multi-party  committed credit facilities  -- $5.7   billion bilateral
committed credit facilities -- $25.9   billion USCP combined average
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: TMCC March 31, 2014 10-K

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TOYOTA
FINANCIAL SERVICES


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