EX-99.1 2 dp53317_ex9901.htm EXHIBIT 99.1
Exhibit 99.1
 




[GRAPHIC OMITTED]

[GRAPHIC OMITTED]

Presentation Materials for Investors

February 2015


 
 
 

 
 
 





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.


 
 
 

 
 
 






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 contractorcommitment 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 appraisalof 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 willbe engaged in only with Relevant
Persons.

[] This presentation is an advertisement and not a prospectus and investors
should not subscribe for or purchase any securitiesofTMCC 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 12 September 2014 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 ourcorporate 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 poston social media is of a material nature,
some information could be material. Therefore, we encourage investors, the
media, and others interested in ourcompany 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

[GRAPHIC OMITTED]

4


 
 
 

 
 
 



TMC Consolidated Financial Results


                                          NineMonthsEnded
                FiscalYearEndedMarch31,         December31,
(JPYbillions)              2013    2014                  2014
=============== =============== ========= ===================
NetRevenues           22,064.2  25,691.9             20,115.6
OperatingIncome         1,320.9  2,292.1              2,114.8
NetIncome                 962.2   1,823.1             1,726.9


Source:TMC FY2013, FY2014 20-F, December 31, 2014 6-K

[GRAPHIC OMITTED]




 
 
 

 
 
 






TMC Consolidated Balance Sheet



                                                FY2013            FY2014               FY2015
(JPYbillions)                          AsofMarch31,2013  AsofMarch31,2014  AsofDecember31,2014
====================================== ================= ================= ====================
Currentassets                                  13,784.9           15,717.7             17,016.6
Noncurrentfinancereceivables,net                6,943.8           8,102.3              9,478.7
Investmentandotherassets                        7,903.4           9,976.2              11,217.2
Property,plantandequipment,net                  6,851.2           7,641.3              9,009.7
                                       ================= ================= ====================
TotalAssets                                    35,483.3          41,437.5             46,722.2
                                       ================= ================= ====================
Liabilities                                    22,710.5          26,218.5             29,594.1
Shareholders'equity                             12,772.9          15,219.0             17,128.1
                                       ================= ================= ====================
TotalLiabilitiesandShareholders'Equity         35,483.3          41,437.5             46,722.2
                                       ================= ================= ====================


Source:TMC FY2013, FY2014 20-F , December 31, 2014 6-K

[GRAPHIC OMITTED]




 
 
 

 
 
 






Toyota Across the United States

Operations Overview

[GRAPHIC OMITTED]

7



 
 
 

 
 
 







Toyota Motor Sales, USA

[] TMS sold 2.37 million vehicles in 2014; the highest sales volume since 2007
and up 6.2% from 2013 -- Toyota division is the #1 US retail brand in 2014 --
Camry was the best-selling passenger car in America for the 13(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 2.4 million hybrids sold in the US and over 7.1 million worldwide(1) --
12 hybrid models(2) and 1 plug-in model across the TMS line-up -- Miraiwill be
Toyota's first mass-produced hydrogen fuel cell vehicle

[] For 2015, TMS will launch 12 new or refreshed models. Recent and upcoming
vehicle launches: - Camry and HV - ScioniM - Lexus NX
- Tacoma - Lexus RC - Lexus NX HV - Highlander andHV - Lexus RC F - Mirai(FCV)

(1) As ofNovember 2014 (2) Includescars and lighttrucks
Source: TMSReports 8




 
 
 

 
 
 







Toyota Motor Sales, USA (2)

[] Quality, dependability, safetyand product appeal remain high as reflected by
numerous 3(rd) partyaccolades


             KelleyBlueBook's              2014ConsumerReports                  2014NHSTA5-Star
  Top10BestResaleValueof2015                   BestNewCarValue                  OverallSafetyRating
        Tacoma,Tundra,4Runner                        ToyotaPrius       11Toyota,LexusandScionmodels
-------------------------------- ------------------------------------- -------------------------------
2014NHTSATop10Most'American         WorldsMostInnovativeCompanies        2014J.D.PowerandAssociates
               Made'Vehicles     Toyotaranked5(th)overallandthehighest     VehicleDependabilityStudy
        Camry,CorollaandTundra            amongstautomotivebrands              Lexusranked1(st)overall
-------------------------------- ------------------------------------- -------------------------------
    2014J.D.PowerandAssociates             2014ConsumerReports                          Interbrand
            InitialQualityStudy         ConsumerPerceptionSurvey       BestGlobalGreenBrandsin2014
   Toyota,Lexus,andScionvehicles Toyotahighestamongnon-luxurybrands               Toyotarankedno.2
           earnedtop3finishes
-------------------------------- ------------------------------------- -------------------------------
                                                 2014AutoPacific
             KelleyBlueBook's                                                        2014Edmunds
                                          VehicleSatisfactionAward
      10BestGreenCarsof2014                                                        TopRatedSedan
                                     Highlandernamedmostsatisfying
     PriusFamilyandLexusES300h                                                        ToyotaAvalon
                                      premiummidsizecrossoverSUV
-------------------------------- ------------------------------------- -------------------------------


9





 
 
 

 
 
 






Toyota Motor Sales, USA (3)

[GRAPHIC OMITTED]

Toyota Camry XSE

ToyotaMirai(FCV)

[GRAPHIC OMITTED]

10


 
 
 

 
 
 






Toyota Motor Sales, USA (4)

[GRAPHIC OMITTED]

ScioniM

[GRAPHIC OMITTED]

Lexus LF-C2


 
 
 

 
 
 






Toyota Motor Sales, USA (5)

[GRAPHIC OMITTED]

[GRAPHIC OMITTED]

12


 
 
 

 
 
 






Toyota Financial Services

13


 
 
 

 
 
 







TFS Group Global Presence

[GRAPHIC OMITTED]

14


 
 
 

 
 
 






Toyota Motor Credit Corporation (TMCC)

            Toyota Motor Corporation (TMC) Toyota Financial Services
Corporation (TFSC) Toyota Motor Credit Corporation (TMCC)

[] Over 4.2 million active finance contracts (1)

[] AA-(2)/Aa3(2) rated captive finance company by SandP / Moody's [] Credit
support agreement structure with TFSC/TMC(3)

(1) As of December 2014 (2) Outlook stable
(3)The Credit Support Agreements do not apply to securitizationtransactions

15


 
 
 

 
 
 







Credit SupportAgreements

[] Securities* issued by TMCC (and various other TFSC subsidiaries) have the
benefit of a credit support agreement with TFSC

-- TFSC will own 100% of TMCC

-- TFSC will cause TMCC to maintain a tangible net worth of at least $100,000
as long as covered securities are outstanding -- If TMCC determines it will be
unable to meet its payment obligations on any securities, TFSC will make
sufficient funds available to TMCC to ensure that all such payment obligations
are paid as due -- Agreement cannot be terminated until (1) repayment of all
outstanding securities or (2) each rating agency requested by Toyota to provide
a rating has confirmed no change in rating of all such securities

[] TFSC in turn has the benefit of a credit support agreement with Toyota Motor
Corporation ("TMC")

-- Same key features as TFSC/TMCC credit support agreement

-- TMC will cause TFSC to maintain a tangible net worth of at least JPY10mm as
long as covered securities are outstanding

[] TFSC's and/or TMC's credit support obligations will rank pari passu with all
other senior unsecured debt obligations

* Securities defined as outstanding bonds, debentures, notes and other
investment securities and commercial paper, but does notinclude asset-backed
securities issued by TMCC's securitization trusts.

16


 
 
 

 
 
 







TMCC Products andServices (1)

[GRAPHIC OMITTED]

(1)In December 2014, TMCC entered into an agreement for the sale of certain
assets relating to its commercial finance business to anewly-formed subsidiary
of Toyota Industries Corporation, which forms part of the group of companies
known as the Toyota Group. The closing date of the transaction has not yet been
determined, as it is subject to several closing conditions that have not yet
been satisfied. The assets expected to be sold represent approximately$964
million of finance receivables, net and $905 million of investments in
operating leases, net as of December 31, 2014.

Source:TMCC December 31, 2014 10-Q

17


 
 
 

 
 
 






Extensive Field Organization

[] Decentralized dealer and field support [] Centralized servicing and
collections (circled)

[GRAPHIC OMITTED]

18


 
 
 

 
 
 






Recent TMCC Business Highlights

[] In excess of $10.6billionpre-tax   income over the past 5 years(1) [] TFS is
the top U. S.  auto lender in all new vehicles(2) [] Strongmarket share
continues to drivesolidfinancingrevenues and sales support [] Lownet
charge-offratio driven by prudent underwriting standards and proactive
servicing practices [] Highinsurancepenetration and growing insurance volume

(1)
ForthefiveyearperiodfromFY10throughFY14;$1.679mm+$3.003mm+$2.423mm+$2.155mm+$1.
354mm=$10,614mm

(2) Source:AutoCountasofDecember2014


[GRAPHIC OMITTED]




 
 
 

 
 
 







TMCC Earning Asset Composition

Managed Assets (USD billions)

[GRAPHIC OMITTED]

Source: TMCC March 31, 2011 10-K, March31, 201210-K , March31,201310-K, March
31, 2014 10-K and December 31, 2014 10-Q

20




 
 
 

 
 
 






TMCC Financial Performance -Select Data

                                                               Nine Months
Ended Fiscal Year Ended March 31, December 31,

(USD millions) 2011 2012 2013 2014 2014

Total Financing Revenues 8,064 7,429 7,244 7,397 6,129

add: Other Income 779 717 744 702 629

less: Interest Expense 4,967 4,639 4,508 5,352 4,050 and Depreciation

Net Financing Revenues 3,876 3,507 3,480 2,747 2,708 and Other Revenues

Net Income 1,853 1,486 1,331 857 962

Source: TMCC March 31, 201 4 10-K and TMCC December 31, 2014 10-Q

21





 
 
 

 
 
 






TMCC Financial Performance -Select Data


                                                            FiscalYearEndedMarch31,            NineMonthsEnded
                                                                                                   December31,
(USDmillions)                                         2011         2012             2013  2014            2014
---------------------------------------------------- ------ ---------------------- ----- -----
 ------------------------------------------------------------
Over60DaysDelinquent(1)                            0.26%         0.18%           0.19% 0.18%          0.27%
AllowanceforCreditLosses(1)(2)                      1.13%       0.80%            0.63% 0.50%          0.47%
NetCreditLosses(3)                                 0.52%         0.21%           0.27% 0.28%          0.32%
 (1) Percentageofgrossearningassets
 (2)
 Thequotientofallowanceforcreditlossesdividedbythesumofgrossfinancereceivables(netfinancereceivableslessallowanceforcreditlosses)plu
sgrossinvestmentsin
      operatingleases(netinvestmentsinoperatingleaseslessallowanceforcreditlosses)
 (3) Percentageofaveragegrossearningassetsannualized


Note: All percentage figures calculatedwerebased on a120-daycharge-offpolicy
Source: TMCC March31,2014 10-K and TMCC December 31, 2014 10-Q

22


 
 
 

 
 
 





TMCC Funding Programs

23



 
 
 

 
 
 






Exceptional Liquidity

[] A-1+/P-1rated    directcommercial paperprogram  [] $21.1billion
committedcreditfacilities(1) [] $6.6billion   short-termliquidity  investment
portfolio  (2)

[] Over$60  billionin readily salableconsumer retailloan 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)As of December 31, 2014
(2) Averagebalance forquarter ended December 31, 2014
Source:TMCC December 31, 2014 10-Q

24




 
 
 

 
 
 






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  -- Managing our business and stakeholder
relationships with a long-term  view

25




 
 
 

 
 
 







New Funding Vehicles

[] Auto industry's first ever Green BondABS

[] Diversity and Inclusion (DandI) bond syndicates led by diversity firms []
Competitive, innovative and socially responsible

[GRAPHIC OMITTED]

26





 
 
 

 
 
 







TMCC FYTD15FundingOverview

$19.6billion of long term debtfunded FYTD

[GRAPHIC OMITTED]

[] $14.1   billion in unsecured debt [] $5.5billion   in secured debt (net of
amount retained)

-- $1.7   billion comprised of public term secured funding (net of amount
retained)

As ofJanuary 31, 2015
Source:Company Reports

27




 
 
 

 
 
 







Diversification in Debt Offerings

TMCC Long Term DebtOutstanding (USD millions)

[GRAPHIC OMITTED]

Asof December 31, 2014
Source:Company Reports

28




 
 
 

 
 
 






Funding Flexibility And Responsiveness

[GRAPHIC OMITTED]

(1) UnsecuredU.S. MTN issuance, excluding Structured Notes and RetailNotes
Percentagesmay not add to 100% due torounding As ofJanuary 31, 2015
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

[] Recent consistent, conservative underwriting standards have produced low
levels of delinquencies and credit losses -- Identification and minimization of
least desirable segments -- Ongoing focus on Toyota and Lexus business []
Optimization of collections strategy and staff supports lossmitigation while
enabling portfolio growth -- Emphasis on early intervention -- Reinforcement of
strong compliance management system

[GRAPHIC OMITTED]

32




 
 
 

 
 
 






Credit: Results*

[] Retail loan credit performance has shown significant improvement --
Portfolio-level  performance trends show general improvement  -- Recent
vintages outperforming older cohorts

[GRAPHIC OMITTED]

* Abbreviatedfor presentationpurposes
Source: Company Reports

33




 
 
 

 
 
 






Managed Portfolio Performance

TMCC Retail Loan Delinquency Experience (1)


                                  AtDecember31,                                   AtMarch31,
                           ----------------------------- ----------- ------------ -------------- ------------------ -------------
                             2014              2013        2014        2013           2012         2011                2010
                           ------------------ ---------- ----------- ------------ -------------- ------------------ -------------
OutstandingContracts(2)    3,237,607          3,218,818  3,220,641   3,156,247        3,119,781  3,189,591          3,093,894
NumberofAccountsPastDue
inthefollowingcategories
              30-59days       45,369            46,905      32,920      35,672          35,162     43,070                55,123
              60-89days         9,905            10,026       6,660        7,182         6,786      8,588                 11,722
              Over89days        6,894              7,216      5,799       6,362          5,870        9,153              10,953
DelinquenciesasaPercentage
ofContractsOutstanding(3)
              30-59days          1.40%             1.46%       1.02%        1.13%          1.13%      1.35%                1.78%
              60-89days          0.31%             0.31%       0.21%      0.23%           0.22%      0.27%                0.38%
              Over89days         0.21%             0.22%       0.18%      0.20%           0.19%      0.29%                0.35%
(1)ThehistoricaldelinquencydatareportedinthistableincludesallretailvehicleinstallmentsalescontractspurchasedbyTMCC,excludingthose
purchasedbyasubsidiaryofTMCCoperatinginPuertoRico. IncludescontractsthathavebeensoldbutarestillbeingservicedbyTMCC.
(2)Numberofcontractsoutstandingatendofperiod.
(3)Theperiodofdelinquencyisbasedonthenumberofdayspaymentsarecontractuallypastdue. Apaymentisdeemedtobepastdueiflessthan90%
ofsuchpaymentismade.


Source: Company Reports

34



 
 
 

 
 
 






Performance --Retail Loan

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



                                             FortheNineMonthsEnded

                                                   December31,                                                FortheFiscalYearsEnded

                                        ------------------------------------------- -------------
 --------------------------------------- -------------------------
                                           2014             2013                        2014          2013         2012
 2011        2010
                                        ----------------- ------------------------- ------------- ------------ -------------
 ------------ -------------------------
PrincipalBalanceOutstanding(2)          $50,007,576       $49,072,874                $48,761,164  $46,932,720  $44,648,020
 $45,053,303  $43,234,740
AveragePrincipalBalanceOutstanding(3)   $49,384,370       $48,002,797               $47,846,942   $45,790,370  $44,850,661
 $44,144,021  $43,360,181
NumberofContractsOutstanding              3,237,607          3,218,818                3,220,641     3,156,247      3,119,781
 3,189,591   3,093,894
AverageNumberof

 ContractsOutstanding(3)                   3,229,124        3,187,533                 3,188,444      3,138,014    3,154,686
 3,141,743   3,072,036
NumberofRepossessions(4)                     25,870            25,378                    34,923        34,353        42,937
 64,710      79,637
NumberofRepossessionsasaPercentof

 theAverageNumberofContractsOutstanding         1.07% (7)        1.06% (7)                  1.10%        1.09%         1.36%
 2.06%        2.59%
GrossCharge-Offs(5)(8)                      $212,401         $185,970                  $257,586      $244,432     $240,736
 $447,159     $724,212
Recoveries(6)                                $45,135            $47,311                  $62,714      $69,088       $78,593
 $98,105     $116,892
NetLosses                                   $167,266          $138,659                  $194,872     $175,344       $162,143
 $349,054     $607,320
NetLossesasaPercentageofAverage

 PrincipalBalanceOutstanding                   0.45% (7)         0.39% (7)                 0.41%         0.38%        0.36%
 0.79%        1.40%
(1)
 ThenetlossandrepossessiondatareportedinthistableincludesallretailinstallmentsalescontractspurchasedbyTMCC,excludingthosepurchasedby
asubsidiaryofTMCC
operatinginPuertoRico.IncludescontractsthathavebeensoldbutarestillbeingservicedbyTMCC.

(2)
 PrincipalBalanceOutstandingincludespayoffamountforsimpleinterestcontractsandnetprincipalamountforactuarialcontracts.Actuarialcontra
ctsdonotcompriseanyofthe
Receivables.

(3) Averageoftheprincipalbalanceornumberofcontractsoutstandingasofthebeginningandendoftheindicatedperiods.

(4) Includesbankruptrepossessionsbutexcludesbankruptcies.

(5)
 Amountcharged-offisthenetremainingprincipalbalance,includingearnedbutnotyetreceivedfinancecharges,repossessionexpensesandunpaidexte
nsionfees,lessany
proceedsfromtheliquidationoftherelatedvehicle.Alsoincludesdealerreservecharge-offs.

(6)
 Includesallrecoveriesfrompost-dispositionmoniesreceivedonpreviouslycharged-offcontractsincludinganyproceedsfromtheliquidationofther
elatedvehicleaftertherelated
charge-off.Alsoincludesrecoveriesfordealerreservecharge-offsandchargebacks.

(7) Annualized.

(8) BeginninginFebruary2010,ToyotaMotorCreditCorporationchangeditscharge-offpolicyfrom150dayspastdueto120dayspastdue.



Source: Company Reports

35



 
 
 

 
 
 






Origination Profile

TMCC Retail Auto Loan Originations



OriginalSummaryCharacteristics                            2010              2011            2012              2013           2014(1)
byVintageOriginationYear:
                                                        ================ ================ ================ =================
 =================
NumberofPoolAssets                                             956,010            911,545        973,979         1,008,958
 951,133
OriginalPoolBalance                                     $21,924,552,881  $21,608,462,287  $24,029,119,369  $25,332,328,542
 $24,516,581,298
AverageInitialLoanBalance                                      $22,933           $23,705          $24,671           $25,107
 $25,776
WeightedAverageInterestRate                                       3.91%            3.76%            3.15%             2.94%
   3.07%
WeightedAverageOriginalTerm                                    62months         63months        63months           63months
 64months
WeightedAverageFICO                                                738               735              731               727
    726
GeographicDistributionofReceivablesrepresentingthe5
stateswiththegreatestaggregateoriginalprincipalbalance:
           State1                                            CA-18.0%          CA-18.9%         CA-19.3%          CA-21.4%
 CA-21.0%
           State2                                              TX-13.1%         TX-12.6%         TX-14.1%         TX-13.3%
 TX-14.0%
           State3                                             NY-5.2%           NY-5.4%          NY-5.1%           NY-4.6%
 NY-4.7%
           State4                                              NJ-4.7%           NJ-4.9%         NJ-4.5%           NJ-4.4%
 NJ-4.0%
           State5                                              VA-4.5%            IL-4.1%       VA-4.2%             IL-3.9%
 IL-4.2%
DistributionofReceivablesbyContractRate:(2)
           Lessthan2.0%                                           35.2%            30.3%            44.1%             51.2%
   50.8%
           2.0%-3.99%                                             22.8%            35.9%            27.8%             20.2%
   19.4%
           4.0%-5.99%                                             19.3%             17.5%            15.1%            14.0%
   13.5%
           6.0%-7.99%                                             13.6%             8.5%             6.6%              6.7%
    7.7%
           8.0%-9.99%                                               4.1%             3.2%            2.7%              3.2%
    3.6%
           10.0%-11.99%                                             1.7%             1.6%             1.4%              1.5%
     1.7%
           12.0%-13.99%                                            0.9%              0.7%            0.5%              0.6%
    0.7%
           14.0%-15.99%                                            0.7%             0.6%             0.5%              0.6%
    0.6%
           16.0%andgreater                                          1.8%             1.7%             1.4%             2.0%
     1.9%
                                                        ================ ================ ================ =================
 =================
                     Total                                     100.00%           100.00%         100.00%            100.00%
 100.00%
                                                        ================ ================ ================ =================
 =================
ShareofOriginalAssets:
           PercentageofNon-Toyota/Non-Lexus                        4.9%              4.4%            3.3%              3.3%
    3.8%
           Percentageof72+MonthTerm                                9.8%             10.5%           10.0%             10.6%
     11.1%
           PercentageofUsedVehicles                               30.6%             31.5%           24.4%             24.5%
   23.7%


(1) As ofDecember 31, 2014
(2) Percentages may not add to 100% due to rounding
Source: Company Reports

36



 
 
 

 
 
 






Origination Characteristics

[GRAPHIC OMITTED]

*As of December 31, 2014 Source: CompanyReports

37



 
 
 

 
 
 






ABS Deal Comparison

Toyota AutoOwnerTrust (TAOT)(*)



Original Summary Characteristics by Prior Securitization:          TAOT 2013-A       TAOT 2013-B       TAOT 2014-A       TAOT 2014-B
       TAOT 2014-C
                                                                 ================= ================= =================
 ================= =================
Number of Pool Assets                                                      84,513            66,096           115,093
 98,798            80,419
Original Pool Balance                                            $1,301,545,574    $1,054,454,801    $1,845,073,346
 $1,583,044,330    $1,321,305,071
Average Principal Balance                                                $15,401           $15,953           $16,031
 $16,023           $16,430
Weighted Average Interest Rate                                              2.56%             2.24%             2.10%
 2.09%             2.01%
Weighted Average Original Term                                                  61                61                61
  61                61
Weighted Average FICO                                                          756               757               757
 756               758
Minimum FICO                                                                   620               620               620
 620               620
Maximum FICO                                                                   886               883               886
 884               886
Geographic Distribution of Receivables representing the 5 states

with the greatest aggregate original principal balance:

              State 1                                                 CA - 20.0%        CA - 21.3%        CA - 22.6%        CA -
 26.3%        CA- 23.3%
              State 2                                                 TX- 13.3%         TX- 13.4%         TX- 13.4%         TX-
 12.9%         TX- 13.3%
              State 3                                                  VA - 4.3%           IL - 4.2%         IL - 4.6%         IL -
 4.4%         IL - 4.7%
              State 4                                                    IL - 4.3%       VA - 4.1%         PA - 4.3%         PA -
 4.0%         PA - 4.3%
              State 5                                                   NJ - 4.2%        PA - 4.0%          NJ - 4.2%        VA -
 3.9%         VA - 4.0%
Distribution of Receivables by Contract Rate: (1)

              Less than 2.0%                                                47.5%             54.8%             58.7%
 59.4%             62.2%
              2.0% - 3.99%                                                  32.5%             28.3%             25.2%
 24.8%             23.1%
              4.0% - 5.99%                                                  12.2%             10.6%             10.2%
 10.0%              9.4%
              6.0% - 7.99%                                                   4.5%              3.6%              3.4%
 3.3%              3.1%
              8.0% - 9.99%                                                   1.8%              1.5%              1.4%
 1.4%              1.3%
              10.0% - 11.99%                                                 0.8%              0.6%              0.6%
 0.6%              0.5%
              12.0% - 13.99%                                                 0.3%              0.2%              0.2%
 0.2%              0.2%
              14.0% - 15.99%                                                 0.2%              0.2%              0.2%
 0.2%              0.1%
              16.0% and greater                                              0.1%              0.1%              0.1%
 0.1%              0.1%
                                                                 ================= ================= =================
 ================= =================
                          Total                                          100.00%           100.00%           100.00%
 100.00%           100.00%
                                                                 ================= ================= =================
 ================= =================
Share of Original Assets:

              Percentage of Non-Toyota/Non-Lexus                             0.0%              0.0%              0.0%
 0.0%              0.0%
              Percentage of 72+ Month Term                                   0.0%              0.0%              0.0%
 0.0%              0.0%
              Percentage of Used Vehicles                                   22.7%             21.8%             21.4%
 20.8%             20.5%


* Abbreviatedfor presentationpurposes
(1) Percentages may not add to 100.00% due to rounding
Source: Company Reports

38



 
 
 

 
 
 





TAOT Deal Performance

As of December 15, 2014 Payment Date

[GRAPHIC OMITTED]


                                  Moody's                    SandP          Final
            =========== ========= =============== =======================
            Transaction InitialEL       UpdatedEL   InitialEL  UpdatedEL  ActualCNL
            =========== ========= =============== =========== =========== =========
TAOT 2010-A TAOT2010-A  1.25%         0.45%-0.70% 1.70%-1.90% 0.30%-0.35%   0.32%
            =========== ========= =============== =========== =========== =========
TAOT 2010-B TAOT2010-B  1.25%         0.45%-0.70% 1.50%-1.70% 0.25%-0.30%   0.23%
            =========== ========= =============== =========== =========== =========
TAOT 2010-C TAOT2010-C   1.15%        0.35%-0.60% 1.40%-1.60% 0.20%-0.25%   0.19%
            =========== ========= =============== =========== =========== =========
TAOT 2011-A TAOT2011-A   1.15%            0.25%   1.40%-1.60% 0.20%-0.25%   0.18%
            =========== ========= =============== =========== =========== =========
TAOT 2011-B TAOT2011-B  0.85%             0.20%   1.15%-1.35% 0.17%-0.20%
            =========== ========= =============== =========== ===========
TAOT 2012-A TAOT2012-A  0.70%             0.30%   0.85%-1.00% 0.30%-0.35%
            =========== ========= =============== =========== ===========
TAOT 2012-B TAOT2012-B  0.50%             0.30%   0.75%-0.90% 0.30%-0.35%
            =========== ========= =============== =========== ===========
TAOT 2013-A TAOT2013-A  0.50%             0.30%   0.65%-0.80% 0.30%-0.35%
            =========== ========= =============== =========== ===========
TAOT 2013-B TAOT2013-B  0.40%             0.30%   0.55%-0.70% 0.30%-0.35%
            =========== ========= =============== =========== ===========
TAOT 2014-A TAOT2014-A  0.40%             0.35%   0.55%-0.70% 0.55%-0.70%
            =========== ========= =============== =========== ===========
TAOT 2014-B TAOT2014-B  0.40%             0.40%   0.55%-0.70% 0.55%-0.70%
            =========== ========= =============== =========== ===========
TAOT 2014-C TAOT2014-C  0.40%             0.40%   0.55%-0.70% 0.55%-0.70%
            =========== ========= =============== =========== =========== =========


Source: Company Reports

39



 
 
 

 
 
 





Sales and Trading Update

40



 
 
 

 
 
 






CommercialPaperProgramsHighlights

[] A-1+/P-1    Direct Commercial Paper Programs

-- 3 distinct USD commercial paper programs (TMCC, TCPR, TCCI) -- $15.0billion
 multi-party  committed credit facilities  -- $6.1billion   bilateral committed
credit facilities -- $26.9billion   USCP combined average outstanding for TMCC
and TCPR

-- Over 600diverse 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 December 31, 2014 10-Q

41




 
 
 

 
 
 





[GRAPHIC OMITTED]