New m mid- d-te term pl plan & Fiscal al year year 2 - - PDF document

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New m mid- d-te term pl plan & Fiscal al year year 2 - - PDF document

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New m mid- d-te term pl plan & Fiscal al year year 2 2007 fina fi nanc ncial r resul sults May 13, 13, 20 2008 08 Carlos rlos Gh Ghos osn President & CE Pr nt & CEO 1 New mid-term plan & FY07 financial

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SLIDE 1

1

New mid-term plan & FY07 financial results

New m mid- d-te term pl plan & Fiscal al year year 2 2007 fi fina nanc ncial r resul sults

May 13, 13, 20 2008 08

Carlos rlos Gh Ghos

  • sn

Pr President & CE nt & CEO

New mid-term plan & FY07 financial results

2

Net revenue

(billion yen)

COP

(billion yen)

Net income

(billion yen)

FY06 FY07 FY06 FY07 FY06 FY07

FY07 financial results – key highlights

+11.6% 9,701.0 10,824.2 449.2 482.3 755.5 790.8

* FY06 results exclude Q5 for apple-to-apple comparison

+4.7% +7.4%

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SLIDE 2

3

New mid-term plan & FY07 financial results

FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan

4

New mid-term plan & FY07 financial results

FY07 global product launches

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SLIDE 3

5

New mid-term plan & FY07 financial results

FY07 sales performance

Global retail sales

2,000 3,000 3,500 2,500 FY01 FY02 FY03 (thousand units) FY07 FY99 FY00 FY04 FY05 3,057 3,389 2,530 3,770 +8.2% 2,597 2,771 2,633 3,569 3,483 FY06 4,000 NISSAN 180 NISSAN Value-Up NRP

6

New mid-term plan & FY07 financial results

200 400 800 600

721

  • 2.5%

FY07 sales performance

(thousand units)

X-TRAIL Serena Note

TIV: 5.32 million units (-5.3%) Nissan share: 13.6% (+0.4points)

GT-R

740

FY07 FY06

Retail sales by region: Japan

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SLIDE 4

7

New mid-term plan & FY07 financial results

1,035 1,059

+3.0%* 200 400 800 600 1,000 1,200 (thousand units)

*adjusted to daily selling rates(DSR)

TIV: 15.8 million units (-3.5%*) Nissan share: 6.7% (+0.4 points)

Versa Altima Rogue G35 Sedan G37 Coupe Infiniti EX

FY07 FY06

FY07 sales performance

Retail sales by region: U.S.

8

New mid-term plan & FY07 financial results

540

636

+17.9% 200 400 600 (thousand units)

X-TRAIL QASHQAI

TIV*: 21.9 million units (+6.1%) Nissan share*: 2.9% (+0.3 points)

* Nissan estimated

FY07 FY06

FY07 sales performance

Retail sales by region: Europe

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SLIDE 5

9

New mid-term plan & FY07 financial results

Retail sales by region: General Overseas Markets

200 400 800 1,000 600

FY07 sales performance

1,200

869

(thousand units)

Livina

First time to hit 1-million mark

1,061

+22.1%

FY07 FY06

10

New mid-term plan & FY07 financial results

Retail sales by region: General Overseas Markets

FY07 sales performance

(thousand units)

Middle East

50 100 132 +17.1%

146

200 400

PV

128 235 307 151 458

China

363 600

LCV

150 250 200 198 +36.4% FY07 FY06

+26.0%

FY07 FY06

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SLIDE 6

11

New mid-term plan & FY07 financial results

4

FY07 technology advancements

# of innovative car technologies

NAVI-ICC Intelligent Pedal Pop Up Engine Hood LDP On-board eco driving service VVEL Around View Monitor Premium Midship package Dual clutch transmission Full Speed Range ICC

10 2 2 2 5 3 5

1 0 all- new technologies

FY 00 01 02 03 04 05 06 07

12

New mid-term plan & FY07 financial results

Gasoline Engine Technology: VVEL*

FY07 technology advancements

VVEL

Contributes to a 10% reduction in CO2 emissions, improves torque

  • utput by 10%

* VVEL = variable valve event and lift

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SLIDE 7

13

New mid-term plan & FY07 financial results

Before actuator operates After actuator operates

Pop Up Engine Hood

FY07 technology advancements

14

New mid-term plan & FY07 financial results

Monitor display (example)

Around View Monitor

FY07 technology advancements

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SLIDE 8

15

New mid-term plan & FY07 financial results

System control

Warning!

Lane Departure Prevention

FY07 technology advancements

16

New mid-term plan & FY07 financial results

(billion yen)

Consolidated net revenue Consolidated

  • perating profit

Operating profit margin

FY07 financial performance

Net income

FOREX Rate

FY06

(Published)

10,468.6 776.9 7.4%

(B)/(A)

Variance

10,824.2

+11.6%

790.8

+4.7%

7.3%

  • 0.5points

(B)

FY07

117.0 JPY/USD 148.2 JPY/EUR 114.4 JPY/USD 161.6 JPY/EUR

(A)

FY06

(Excl. 5Q)*

9,701.0 755.5 7.8%

117.0 JPY/USD 146.2 JPY/EUR

482.3 +7.4% 449.2 460.8 Net cash 254.7 180.3

* Reference

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SLIDE 9

17

New mid-term plan & FY07 financial results

29

Dividend per share / yen

19 14 24 40 34 7 8

FY07 dividend policy

FY99 FY00 FY01 FY02 FY03 FY07 20 10 40 30 FY04 FY05 FY06 NISSAN 180 NISSAN Value-Up NRP

18

New mid-term plan & FY07 financial results

FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan

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SLIDE 10

19

New mid-term plan & FY07 financial results

Global retail sales objective

(thousand units) 2,000 2,500 3,500 4,000 3,000

FY08 outlook

3,900 +3.5% FY07 FY04 FY06 3,389 3,569 3,770 FY08 FY05 3,483

20

New mid-term plan & FY07 financial results

Japan

Mini SUV Cube Fairlady Z Teana Murano

North America Europe

Teana Murano GT-R 370Z FX Maxima G37 Convertible 370Z GT-R

General Overseas Markets

Bakkie successor Murano X-TRAIL Grand Livina

FY08 all-new product launches

All-new global launches Regional launches QASHQAI+2 G37 G37 Coupe EX FX

9 all- new global launches

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SLIDE 11

21

New mid-term plan & FY07 financial results

Opportunities Risks

+ Product launches + TIV growth in emerging markets + LCV growth + Infiniti global expansion + LCC utilization (parts and services) + Expansion of alliance with AvtoVAZ – Model mix deterioration – TIV decline in mature markets – Commodity and energy prices – FOREX

Risks and opportunities

22

New mid-term plan & FY07 financial results

FY07 FY08

(billion yen)

Consolidated net revenue 10,350.0 Net income 340.0 Ordinary profit 545.0 CAPEX

sales ratio

470.0

4.5%

R&D

sales ratio

500.0

4.8%

Consolidated operating profit 550.0

FY08 outlook

10,824.2 482.3 766.4 790.8

114.4 JPY/USD 100.0 JPY/USD

FX rate assumption

*1 Forecast

457.5

4.2%

428.9

4.0%

*2 *1

*2 Incl. vendor tooling from FY08 (60.0 billion yen in FY08)

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SLIDE 12

23

New mid-term plan & FY07 financial results

FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan

24

New mid-term plan & FY07 financial results

NISSAN Value-Up commitments

Top level operating profit margin among global automakers in FY05-07 Profit commitment

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SLIDE 13

25

New mid-term plan & FY07 financial results

NISSAN Value-Up commitments

Profit commitment 4.2 million sales in FY08 Volume commitment FY09 Top level operating profit margin among global automakers in FY05-07

26

New mid-term plan & FY07 financial results

NISSAN Value-Up commitments

20% average ROIC over the plan Profit commitment 4.2 million sales in FY08 Volume commitment Return on invested capital 17% average ROIC achieved Top level among global automakers FY09 Top level operating profit margin among global automakers in FY05-07

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SLIDE 14

27

New mid-term plan & FY07 financial results

FY07 performance FY08 outlook NISSAN Value-Up review New mid-term plan

28

New mid-term plan & FY07 financial results

Cons nsolidated ne net r t reve venue nue

Revenue growth evolution

FY01 FY02 FY03 FY99 FY00 FY04 FY05 FY06 FY07 NISSAN 180 NISSAN Value-Up NRP 10,000 4,000 8,000 6,000 (billion yen) 10,824 5,977 6,196 6,090 7,429 8,577 9,428 6,829 10,469

75 75％

12,000

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SLIDE 15

29

New mid-term plan & FY07 financial results

FY01 FY02 FY03 FY99 FY00 FY04 FY05 FY06 FY07 NISSAN 180 NISSAN Value-Up NRP

Sales volume evolution

Globa

  • bal re

retail sa sales

2,000 3,000 3,500 2,500 (thousand units) 3,057 3,389 2,530 3,770 2,597 2,771 2,633 3,569 3,483 4,000

45 45％

30

New mid-term plan & FY07 financial results

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SLIDE 16

31

New mid-term plan & FY07 financial results

FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 NISSAN 180 NISSAN Value-Up NRP NISSAN GT 2012

NI SSAN GT 2 0 1 2

“Revive our company” “Complete revival on track for profitable growth” “Value up with sustained performance”

“Growth and trust”

32

New mid-term plan & FY07 financial results

I n products, services, brands and m a nagem ent

Qu Qualit lity le leadership ip NI SSAN GT 2 0 1 2 com mitments

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SLIDE 17

33

New mid-term plan & FY07 financial results

Qu Qualit lity Qu Qualit lity lead eader ership lead eader ership Quality leadership

Perceived Quality & Attractiveness Perceived Quality & Attractiveness

  • No. 1 position in 50+%
  • f all segments
  • No. 1 position in 50+%
  • f all segments

Product Quality Product Quality

Top level in all Most Influential Indicators Top level in all Most Influential Indicators

Sales & Service Quality Sales & Service Quality

Top level CS in Japan, U.S., Europe & 4 main regions Top level CS in Japan, U.S., Europe & 4 main regions

Quality of Managem ent Quality of Managem ent

Top level industry norm Top level industry norm

34

New mid-term plan & FY07 financial results

ドイツ 中国 米国

U. U.S.: “C “Con

  • nsu

sumer R r Report

  • rts”

s” South Afr uth Africa ca: PSI PSI It Italy: “Q “Quattroru roruot

  • te”

Brazil zil: : “Qua uatr tro Ro Roda das” Great eat B Britai ain: “Wh “What at C Car? r?” Ch Chin ina: JD JDP I IQS Ge Germany: y: “A “ADA DAC”

Influential external indicators Influential external indicators

Quality leadership

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SLIDE 18

35

New mid-term plan & FY07 financial results

I n products, services, brands and m a nagem ent EV intr oduced in FY1 0 [ U.S. and Japan] and m ass- m arketed in FY1 2 [ Global]

Qu Qualit lity le leadership ip Ze Zero-e ro-emissi sion

  • n l

leadersh ship NI SSAN GT 2 0 1 2 com mitments

36

New mid-term plan & FY07 financial results

45,00 45,000 50,00 50,000 55,00 55,000 60,00 60,000 65,00 65,000 70,00 70,000

01 97 03 99 05 07 91 93 95

Global TI V evolution since 19 9 0

(thousand units)

*Japan: FY Others: CY

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SLIDE 19

37

New mid-term plan & FY07 financial results

ドイツ 中国 米国

Num ber of vehicles per 1 ,0 0 0 persons

Source: JAMA “World Motor Vehicle Statistics 2008”

1,000 600 400 200 800

(vehicle units)

150 150

Russia Germany U.S. India China Brazil UK Japan France

800 800 600 600 250 250 <50 <50

38

New mid-term plan & FY07 financial results

ドイツ 中国 米国

U U. .S S. .

FY FY10 10 FY FY10 10

Is Israel Is Israel

FY FY11 11 FY FY11 11

Denm enmark Denm enmark

FY FY11 11 FY FY11 11

Ja Japan Ja Japan

FY FY10 10 FY FY10 10

Zero em ission leadership

Mass Mass-

  • marketed globally in FY12

marketed globally in FY12

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SLIDE 20

39

New mid-term plan & FY07 financial results

I n products, services, brands and m a nagem ent 6 0 all- new m odels launched by FY1 2 More than 1 5 new technologies/ year from FY0 9

5% r revenue g growth o

  • n av

aver erag age o e over er 5 5 y year ears Qu Qualit lity le leadership ip Ze Zero-e ro-emissi sion

  • n l

leadersh ship NI SSAN GT 2 0 1 2 com mitments

EV intr oduced in FY1 0 [ U.S. and Japan] and m ass- m arketed in FY1 2 [ Global]

40

New mid-term plan & FY07 financial results

ドイツ 中国 米国

60 60 130 130

New New products products Starts Starts of

  • f

production production Number of new product launches Number of new product launches

Sustained revenue grow th

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SLIDE 21

41

New mid-term plan & FY07 financial results

ドイツ 中国 米国

2 2/ /3 3

New New segment segment models models Replacement Replacement models models Number of new product launches Number of new product launches

1 1/ /3 3

Sustained revenue grow th

42

New mid-term plan & FY07 financial results

ドイツ 中国 米国

Broader market and segment coverage Broader market and segment coverage

79% 79% 94% 94%

Market Coverage (%) (%)

FY FY07 07 FY FY12 12

Sustained revenue grow th

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SLIDE 22

43

New mid-term plan & FY07 financial results

Upda pdate te b by I IR o

  • r C

CEO-Com

NISSAN 180 NISSAN Value-Up NRP NISSAN GT 2012

Value – dividend policy

Dividend per share / yen

29 19 14 24 40 34 7 8

20 10 40 30 50

46 44 42

Dividend policy

FY 99 01 02 03 04 05 06 07 00 08 09 10 11 12

44

New mid-term plan & FY07 financial results

Commi mmitm tmen ents ts

Quality leadership Zero emission leadership 5% revenue growth on average over 5 years

Quality leadership Business expansion Market expansion Cost leadership

Qu Qualit ality y for a

  • r all a

aspect cts of

  • f ou
  • ur bu

business & o & operation Effe ffectiv iveness & & E Effic fficiency

NISSA NISSAN WA N WAY

Employ ployee m motivation

  • n

Qualit lity of

  • f m

manage gement

Pe People NISSA NISSAN G N GT 2012 2012 NISSA NISSAN G N GT 2012 2012

5 corporate breakthroughs

Zero emission leadership

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SLIDE 23

45

New mid-term plan & FY07 financial results

5 corporate breakthroughs Qualit lity le leadership ip Zero-emi missi ssion leadersh ship

46

New mid-term plan & FY07 financial results

Reducing CO Reducing CO2 emissions through new emissions through new technologies on powertrains and vehicles technologies on powertrains and vehicles

60 40 20 100 80

CO2 Emission (%)

Clean diesel VVEL+DIG Gasoline Engines Nissan Original Hybrid

EV Roadm ap tow ard zero emission Roadm ap tow ard zero emission

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SLIDE 24

47

New mid-term plan & FY07 financial results

# of innovative car technologies 10 10 2 2 2 4 5 3 5

NAVI- ICC Intelligent Pedal Pop Up Engine Hood LDP On-board eco driving service VVEL Around View Monitor Premium Midship package Dual clutch transmission Full Speed Range ICC

FY 00 01 02 03 04 05 06 07 08 09 10 11 12 >15

More than 1 5 new technologies from FY0 9 More than 1 5 new technologies from FY0 9

48

New mid-term plan & FY07 financial results

Clean Diesel Engine

To be launched in Japan in fall 2008

M9R Engine

FY0 8 new technology advancem ents FY0 8 new technology advancem ents

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SLIDE 25

49

New mid-term plan & FY07 financial results

Ultra-Low Precious Metal Catalyst

Reduce precious metals by half for lower cost and cleaner emission

FY0 8 new technology advancem ents FY0 8 new technology advancem ents

50

New mid-term plan & FY07 financial results

Smart Auto Headlight for Twilight

Reduce accident risk by unique sensor technology

FY0 8 new technology advancem ents FY0 8 new technology advancem ents

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SLIDE 26

51

New mid-term plan & FY07 financial results

Intelligent Seatbelt

Automatic seatbelt winding-up at emergency turn and slip

FY0 8 new technology advancem ents FY0 8 new technology advancem ents

52

New mid-term plan & FY07 financial results

5 corporate breakthroughs Qualit lity le leadership ip Zero-emi missi ssion leadersh ship Busine ness ex expans nsion

slide-27
SLIDE 27

53

New mid-term plan & FY07 financial results

(thousand units) 100 150 250 300 200 50

FY12 FY07

150

300

Double sales volume Double sales volume

Business expansion: I nfiniti Business expansion: I nfiniti

54

New mid-term plan & FY07 financial results

Ta Taxi Ta Taxi Ta Taxi Mi Mini Mi Mini Mi Mini Va Van Va Van Va Van Li Ligh ght bu bus Li Ligh ght bu bus Li Ligh ght bu bus Li Ligh ght du duty ty tr truck Li Ligh ght du duty ty tr truck Li Ligh ght du duty ty tr truck Pic Pickup Pic Pickup Pic Pickup

Business expansion: Business expansion: LCV LCV

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SLIDE 28

55

New mid-term plan & FY07 financial results

FY08 FY09 FY11 FY12 FY10 FY07

490

250 750 1000 500

980

(billion yen)

Business expansion: Business expansion: LCV LCV

Double revenue Double revenue

(including OEM and J/V sales, conversion business) (including OEM and J/V sales, conversion business)

56

New mid-term plan & FY07 financial results

2011: Alliance ultra 2011: Alliance ultra-

  • low

low-

  • cost car

cost car with Renault and Bajaj with Renault and Bajaj

Business expansion: Business expansion: global entry cars global entry cars

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SLIDE 29

57

New mid-term plan & FY07 financial results

ドイツ 中国 米国

I ndia I ndia Thailand Thailand Business expansion: Business expansion: global entry cars global entry cars

Sourced and produced in Sourced and produced in 5 LCC countries 5 LCC countries including India and Thailand including India and Thailand A A-

  • Platform

Platform

58

New mid-term plan & FY07 financial results

5 corporate breakthroughs Qualit lity le leadership ip Zero-emi missi ssion leadersh ship Busine ness ex expans nsion Ma Market et ex expans nsion

slide-30
SLIDE 30

59

New mid-term plan & FY07 financial results

Ch Chenn ennai Ch Chenn ennai Mu Mumb mbai Chakan akan Delh lhi

LCV LCV PV PV Manuf nufacturing ng R& R&D Ca Captive Ce Center Partner: Ashok Leyland SOP: 2010 Partner: Renault SOP: 2010 Partner: Renault From 2008 OEM (Export to t to E Europe) Supplier: Maruti-Suzuki Scope: A-seg vehicles SOS: 2009 M&S Pa &S Partner Partner: Hover Scope: M&S operations Allian ance Ul Ultra L a Low C Cost C Car Partners: Bajaj, Renault Scope: Ultra Low Cost Car SOP: 2011

NI NISSAN MOT MOTOR OR INDIA NI NISSAN MOT MOTOR OR INDIA

Market expansion: I ndia Market expansion: I ndia

60

New mid-term plan & FY07 financial results

(thousand units) 100 200

>20 >200*

* Volume includes Ashok Leyland

Market expansion: I ndia Market expansion: I ndia

FY12 FY07

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SLIDE 31

61

New mid-term plan & FY07 financial results

(thousand units) 100 50

15 >10 >100

Market expansion: Brazil Market expansion: Brazil

FY12 FY07

62

New mid-term plan & FY07 financial results

400 800 (thousand units) 600 200

PV LCV

600 307

458 >80 >800

Market expansion: China Market expansion: China

FY12 FY07 151 200

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SLIDE 32

63

New mid-term plan & FY07 financial results

100 200 (thousand units) 300

>28 >282 141

Market expansion: Russia Market expansion: Russia

FY12 FY07

64

New mid-term plan & FY07 financial results

100 200 300 (thousand units) 400

198 >40 >400

Market expansion: Middle East Market expansion: Middle East

FY12 FY07

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SLIDE 33

65

New mid-term plan & FY07 financial results

5 corporate breakthroughs Qualit lity le leadership ip Zero-emi missi ssion leadersh ship Busine ness ex expans nsion Ma Market et ex expans nsion Cost st l leadersh ship

66

New mid-term plan & FY07 financial results

Volume per parts increase

Material

  • ptimization

Logistics improvement Deep localization Spec challenge

NISSAN GT 2012

Productivity improvement 3-3-3 activity Supplier Nissan

Trust

Business growth Complexity /diversity reduction

Alliance Component

Co Cost Co Cost leadership leadership: p purcha hasing co cost r reduc ducti tion : p purcha hasing co cost r reduc ducti tion

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SLIDE 34

67

New mid-term plan & FY07 financial results

FY12

Volu Volume p per p part rts in incr creas ease

Cost leadership: Cost leadership: pur purchasing co ng cost r reducti ction pur purchasing co ng cost r reducti ction

FY07

Double volume per parts Double volume per parts (=industrial benchmark level) (=industrial benchmark level) Product diversity reduction Parts complexity reduction Parts carry-over and carry across

68

New mid-term plan & FY07 financial results

China Mexico

50%

Design to LCC Specification to local market

FY10-11 A-platform 100% FY07 Tier1 71% Tier N 56% Tier1 88% Tier N 64%

Tier1 90% Tier1 90% Tier N same level Tier N same level

De Deeper l localizati tion with suppl th suppliers

Cost leadership: Cost leadership: pur purchasing co ng cost r reducti ction pur purchasing co ng cost r reducti ction

slide-35
SLIDE 35

69

New mid-term plan & FY07 financial results

Material usage reduction Scrap and abundant rate improvement (including scrap recycling expansion) Material spec optimization

50% 100%

50% reduction in 50% reduction in precious metals precious metals per vehicle per vehicle Mate terial c challenge nge

Cost leadership: Cost leadership: pur purchasing co ng cost r reducti ction pur purchasing co ng cost r reducti ction

FY09+FY10 new models FY07

70

New mid-term plan & FY07 financial results

2010: Plant in Chennai, planned capacity of 400K units 2011: Alliance ultra-low-cost car with Bajaj

India Morocco

2010: Plant in Tangiers, planned capacity of 400K units

U.S., Japan, Israel and Denmark

Preparation to mass-market Alliance EV

Russia

New partnership with AvtoVAZ

Renault Renault -

  • Nissan Alliance synergies

Nissan Alliance synergies