本田汽车+2024财年第1季度业绩演示资料

FY241stQuarterFinancialResults

August9,2023

2

Contents

FY241stQuarterFinancialResults

•Summary

•Details

Summary

3

FY241Q

394.4

billionyen

(8.5%)

176.9

billionyen

(5.8%)

(HondaGroupUnitSales)

4,473thousandunits

143.5billionyen(19.0%)

901

thousandunits

Total

Motorcycle

Business

Automobile

Business

OperatingProfit(OperatingMargin)

■FY24Results

Underthestrengthenedfixedcoststructure,profitabilityinAutomobileBusinesshasimprovedbymaximizingtheeffectsofincreasedsalesunitmainlyinNorthAmerica.

TotalProfit:OperatingProfit394.4billionyen/OperatingMargin8.5%

(HondaGroupUnitSales)

4,251815

222.2

thousandunits

thousandunits

billionyen

(5.8%)

97.8

billionyen(14.5%)

38.2

billionyen

(1.6%)

Total

Motorcycle

Business

AutomobileBusiness

FY231Q

■FY24Forecast

Remainunchangedfromthepreviousforecast*.*Previousforecast:announcedonMay11th

■StockSplit

DecidedtosplitoneshareofcommonstockintothreesharestoexpandtheinvestorbasebyreducingtheCompany’sstockpriceperinvestmentunit.

4

MainMarket(AutomobileBusiness)

MainCountries

Retail

QTD（Apr.-Jun.）

Unit

（thousand）

vs.FY23

(%)

Japan

115

98.8

TheUnitedStates

347

144.7

China

309

95.0

e:Ny1(Europe)

Tobelaunchedinautumn2023

N-BOX(Japan)

Tobelaunchedinautumn2023

.SalesResultsinFY24(1Q)

•InJapan,stayedalmostthesamelevelasthesameperiodlastyear.

•IntheUnitedStates,significantlyincreasedfromthesameperiodlastyearwithrecoveryinproduction.

•InChina,decreasedfromthesameperiodlastyearmainlyduetointensifiedcompetitioninthegrowingNEVmarket.

•Overall,exceededthesameperiodlastyear.

.Outlook/ForecastforFY24

•Maintainthepreviousforecast.

-Electrificationupdates-

•ReachedbasicagreementonsoftwaredevelopmentpartnershipwithSCSK(announcedinJuly).

•Sevenautomakersunitedtocreatealeadinghigh-poweredchargingnetworkacrossNorthAmerica(announcedinJuly).

MainMarket(MotorcycleBusiness)

MainCountries

Wholesale

QTD(Apr.-Jun.)

Unit

（thousand）

vs.FY23

(%)

India

952

95.7

Vietnam

506

95.1

Thailand

395

118.3

Indonesia

1,115

163.0

Brazil

271

98.6

Dio125(India)LaunchedinJuly2023

XL750TRANSALP(Global)

LaunchedsequentiallyfromEuropeinApril2023

.SalesResultsinFY24(1Q)

•InIndia,lowerthanthesameperiodlastyearmainlyduetotheimpactfromthesemiconductorsupply

shortage.

•InVietnam,lowerthanthesameperiodlastyearduetotheimpactoftherecession.

•InIndonesia,significantlyexceededthesameperiodlastyearduetotherecoveryofproduction.

•Overall,exceededthesameperiodlastyear.

.Outlook/ForecastforFY24

•Maintainthepreviousforecast.

-Electrificationupdates-

•Announcedlaunchof

personal-useelectricmotorcycle,

“EM1e:”.

EM1e:(Japan,Europe,Indonesia)TobelaunchedsequentiallyfromJapaninAugust2023

5

6

withthemaximizedeffectsofincreasedsalesunitmainlyinNorthAmerica

and,implementedpricingthatreflectsincreasedproductvalue.

HondaGroup

UnitSales

(ConsolidatedUnitSales)

QTD(ThreeMonths)

FY23

Results

FY24

Results

Change

Motorcycles

4,251

(2,972)

4,473

(2,870)

+5.2%

(-3.4%)

Automobiles

815

(529)

901

(633)

+10.6%

(+19.7%)

PowerProducts

1,546

(1,546)

983

(983)

-36.4%

(-36.4%)

*1Profitfortheperiodattributabletoownersoftheparent*2Pleaserefertothefootnotesonthelastpage

*3+:weakyen/-:strongyen

Operatingprofit:

Profitfor

theperiod*1:

SummaryofFY241stQtr.Results(Consolidated)

Underthestrengthenedfixedcoststructure,

operatingprofitincreasedby172.2billionyento394.4billionyen

Increasedby213.8billionyento363.0billionyen.

Unit(thousand)

IncomeStatements

Yen(billion)

QTD(ThreeMonths)

FY23

Results

FY24Results

Change

Salesrevenue

Operatingprofit

Operatingmargin

Shareofprofitofinvestments

accountedforusingtheequitymethod

Profitbeforeincometaxes

Profitfortheperiodattributabletoownersoftheparent

Earningspershareattributabletoownersoftheparent(Yen)*2

3,829.5

4,624.9

+20.8%

222.2

394.4

+77.5%

5.8%

8.5%

+2.7pt

22.6

42.8

+89.5%

237.4

514.9

+116.9%

149.2

363.0

+143.3%

87.23

219.06

+131.83

Marketaveragerates(Yen)*3

U.S.Dollar

130

137

+7

7

StockSplitandDividends

【StockSplit】

■Purpose：

■Methodofthestocksplit：

■Recorddate(tentative)：

■Effectivedate(tentative)：

ThepurposeistoexpandtheinvestorbasebyreducingtheCompany’sstockpriceperinvestmentunit.

Eachshareofcommonstockwillbesplitinto3sharespershare.

September30,2023

October1,2023

【Dividends】

DividendperShare(Yen)

FY24

Previous

FY24

Forecast

(pre-stocksplit)

Changefromprevious

InterimDividend

75

75*1

-

Year-endDividend

75

25

(75)

-

FiscalYear

150

-*2

(150)

-

*1TheinterimdividendforFY24whichhasadividendrecorddateof

September30,2023,willbepaid

basedonthesharesbeforethestocksplit.

*2Forecastforthefull-yeardividend

pershareisnotpresentedbecause

simplecomparisonsarenotpossibleduetotheimplementationofthe

stocksplit.However,theforecastforthefull-yeardividendpershare

basedonthepre-stocksplitisnotchanged.

8

Contents

FY241stQuarterFinancialResults

•Summary

•Details

9

FY241stQtr.Results:HondaUnitSales(ThreeMonths)

Motorcycles

Honda

GroupUnit

Sales

QTD

FY23

FY24

Change

Japan

56

58

+2

NorthAmerica

110

120

+10

Europe

81

119

+38

Asia

3,585

3,781

+196

OtherRegions

419

395

-24

Total

4,251

4,473

+222

+5.2%

Change

(%)

ConsolidatedUnitSales

2,9722,870-102

Automobiles

QTD

FY23

FY24

Change

108

115

+7

267

393

+126

23

20

-3

387

343

-44*

30

30

-0

815

901

+86

+10.6%

529

633+104

Unit(thousand)

PowerProducts

QTD

FY23

FY24

Change

84

60

-24

684

357

-327

313

218

-95

368

288

-80

97

60

-37

1,546

983

-563

-36.4%

*-18inChinaareincluded

1,546

983-563

10

+65.9-29.8+23.2+20.2

+133.7

-20.8

237.4

Operating

Profit

394.4

FY241stQtr.Results:ChangeinProfitbeforeIncomeTaxes

Yen(billion)

OperatingProfit+172.2(+77.5%)

+85.0

Other

Profitof

equitymethod

Currencyeffects*3

Expenses*2

Price/Cost

R&D

ProfitbeforeIncomeTaxes+277.5(+116.9%)

514.9

impacts

Sales

impacts*1

Operating

Profit

222.2

FY231Q

ThreeMonths

*1Salesimpacts

*2Expenses

*3Currencyeffects

Revenue,modelmixFinance

Other

+142.1+2.0-10.4

Warranty

Finance

Other

+18.9 -7.2-41.5

JPY/USD

USD/Others

(BRL,CAD,MXN)

JPY/Asiancurrencies(INR,THB,VND,CNY,IDR)Other

+26.0

-1.0+7.0

-8.8

FY241Q

ThreeMonths

11

FY241stQtr.Results:SalesRevenue/OperatingProfit(Margin)

byBusinessSegment(ThreeMonths)

MotorcyleBusiness

FinancialServicesBusiness

AutomobileBusiness

upper：FY24

lower：FY23

Unit(thousand)

HondaGroupUnitSales

(ConsolidatedUnitSales)

PowerProductsandOtherBusinesses

4,473

(2,870)

4,251

(2,972)

756.9

676.0

143.5

97.8

19.0%

14.5%

901

(633)

815

(529)

3,031.3

2,328.1

176.9

38.2

5.8%

1.6%

-

-

983

(983)

-

-

1,546

(1,546)

Yen(billion)

773.6

750.0

69.5

78.8

9.0%

10.5%

109.1

Sales

Revenue

OperatingProfit

119.0

4.4

7.3

OperatingMargin

4.0%

6.2%

Operatingprofitfromaircraftand

aircraftenginesincludedinabove

Yen(billion)

Inthefinancialservicesbusiness,Hondaprovidesretaillendingandleasingto

customersandwholesalefinancingtodealerstosupportthesaleofitsproducts.

-5.6

FY231Q:-3.8

CashFlowsofNon-financialServicesBusinesses

12

Netcashatendofperiod

Yen(billion)

ThreeMonths

Cashflowsfrom

operatingactivities

Cashflowsfrom

investingactivities

Freecashflow

Cashflowsfrom

financingactivities

Effectsofexchange

ratechanges

Netchangeof

cashandcashequivalents

Cash&cashequivalentsatendofperiod

FY23

FY24

+135.1

+398.7

-284.4

-113.0

-149.3

+285.6

-119.1

-190.7

+186.6

+204.6

-81.7

+299.5

3,236.3

3,853.1

2,984.1

2,310.1

13

CautionwithRespecttoForward-LookingStatements:

Thispresentationcontainsforward-lookingstatementsabouttheperformanceofHonda,whicharebasedonmanagement’sassumptionsandbeliefstakingintoaccountinformationcurrentlyavailabletoit.Therefore,pleasebeadvisedthatHonda’sactualresultscoulddiffermateriallyfromthosedescribedintheseforward-lookingstatementsasaresultofnumerousfactors,includinggeneraleconomicconditionsinHonda’sprincipalmarketsandfluctuationofforeignexchangerates,aswellasotherfactorsdetailedfromtimetotime.

Accountingstandards:

OurconsolidatedfinancialstatementsarepreparedinconformitywithInternationalFinancialReportingStandards(IFRS),asissuedbytheInternationalAccountingStandardsBoard(IASB).

NoticeontheFactorsforIncreasesandDecreasesinIncome:

Withrespecttothediscussioninthispresentationofthechanges,identifiedfactorsandusedwhatitbelievestobeareasonablemethodtoanalyzetherespectivechangesinsuchfactors.AnalyzedchangesinthesefactorsatthelevelsoftheCompanyanditsmaterialconsolidatedsubsidiaries.

(1)“Foreigncurrencyeffects”consistof“translationadjustments”,whichcomefromthetranslationofthecurrencyofforeignsubsidiaries’financialstatementsintoJapaneseyen,and“foreigncurrencyadjustments”,whichresultfromforeign-currency-denominatedtransaction.Withrespectto“foreigncurrencyadjustments”,analyzedforeigncurrencyadjustmentsprimarilyrelatedtothefollowingcurrencies:U.S.dollar,JapaneseyenandothersattheleveloftheCompanyanditsmaterialconsolidatedsubsidiaries.

(2)Withrespectto“PriceandCostimpacts”,analyzedeffectsofchangesinsalesprice,costreductions,effectsofrawmaterialcostfluctuationsandothers,excludingforeigncurrencyeffects.

(3)Withrespectto“Salesimpacts”,analyzedchangesinsalesvolumeandinthemixofproductmodelssoldthatresultedinincreases/decreasesinprofit,changesinsalesrevenueofFinancialservicesbusinessthatresultedinincreases/decreasesinprofit,aswellascertainotherreasonsforincreases/decreasesinsalesrevenueandcostofsales,excludingforeigncurrencyeffects.

(4)Withrespectto“Expenses”,analyzedreasonsforanincrease/decreaseinselling,generalandadministrativeexpensesfromthepreviousfiscalyearexcludingforeigncurrencytranslationeffects.

(5)Withrespectto“ResearchandDevelopmentexpenses”,analyzedreasonsforanincrease/decreaseinresearchanddevelopmentexpensesfromthepreviousfiscalyearexcludingforeigncurrencytranslationeffects.

Unitsales:

MotorcycleBusiness

HondaGroupUnitSalesisthetotalunitsalesofcompletedproducts,includingmotorcycles,ATVs,andSide-by-SidesofHonda,itsconsolidatedsubsidiariesanditsaffiliatesandjointventuresaccountedforusingtheequitymethod.ConsolidatedUnitSalesisthetotalunitsalesofcompletedproductscorrespondingtoconsolidatedsalesrevenuetoexternalcustomers,whichconsistsofunitsalesofcompletedproductsofHondaanditsconsolidatedsubsidiaries.

AutomobileBusiness

HondaGroupUnitSalesisthetotalunitsalesofcompletedproductsofHonda,itsconsolidatedsubsidiariesanditsaffiliatesandjointventuresaccountedforusingtheequitymethod.ConsolidatedUnitSalesisthetotalunitsalesof

completedproductscorrespondingtoconsolidatedsalesrevenuetoexternalcustomers,whichconsistsofunitsalesofcompletedproductsofHondaanditsconsolidatedsubsidiaries.CertainsalesofautomobilesthatarefinancedwithresidualvaluetypeautoloansandotherbyourJapanesefinancesubsidiariesandprovidedthroughourconsolidatedsubsidiariesareaccountedforasoperatingleasesinconformitywithIFRSandarenotincludedinconsolidatedsalesrevenuetotheexternalcustomersinourAutomobilebusiness.Accordingly,theyarenotincludedinConsolidatedUnitSales,butareincludedinHondaGroupUnitSalesofourAutomobilebusiness.

PowerProductBusiness

HondaGroupUnitSalesisthetotalunitsalesofcompletedpowerproductsofHonda,itsconsolidatedsubsidiariesanditsaffiliatesandjointventuresaccountedforusingtheequitymethod.ConsolidatedUnitSalesisthetotalunitsalesofcompletedpowerproductscorrespondingtoconsolidatedsalesrevenuetoexternalcustomers,whichconsistsofunitsalesofcompletedpowerproductsofHondaanditsconsolidatedsubsidiaries.InPowerProductbusiness,thereisnodiscrepancybetweenHondaGroupUnitSalesandConsolidatedUnitSalessincenoaffiliateandjointventureaccountedforusingtheequitymethodwasinvolvedinthesaleofHondapowerproducts.

*Earningspershareattributabletoownersoftheparentiscalculatedbasedonweightedaveragenumberofsharesoutstandingasshownbelow:

-1stQuarterFY23:1,710,620,000(approx.),FY24:1,657,433,000(approx.)

-FiscalYearFY23:1,696,307,000(approx.),ForecastFY24:4,903,878,000(approx.)*1

*1FY24forecastisbasedonthenumberofsharesafterstockspliteffectivefromOctober1,2023.

Appendix

16

ChangeinSalesRevenue(Salesrevenuefromexternalcustomers）

Yen(billion)

ComparedwithFY231Q:+795.4/+20.8%(Excludingcurrencytranslationeffects:+633.3/+16.5%)

ThreeMonths

MotorcycleBusiness

FY23

FY24

Change

Change

excludingcurrencytranslationeffects(%)

676.0

756.9

+80.9

+67.2

+9.9%

AutomobileBusiness

2,291.4

2,992.3

+700.8

+590.9

+25.8%

FinancialServicesBusiness

749.3

773.0

+23.6

-11.5

-1.5%

PowerProductsandOtherBusinesses

112.6

102.6

-9.9

-13.3

-11.9%

Total

3,829.5

4,624.9

+795.4

+633.3

+16.5%

Marketaveragerate(Yen)

U.S.Dollar

130

137

Yen(billion)

MotorcycleBusiness

17.7

+

Expenses*2

Currencyeffects

R&D

97.8

Price/Cost

impacts

Sales

AutomobileBusiness

+17.9

Currencyeffects

-23.4

R&D

+122.1

Price/Cost

impacts

OperatingMargin5.8%

*3Salesimpacts

*4Expenses

Revenue,modelmixOther

+132.1-10.0

Warranty

Other

+24.1-36.0

OperatingMargin1.6%

FY241stQtr.Results:ChangesinOperatingProfit

inMotorcycleBusiness/AutomobileBusiness

OperatingProfit+45.6(+46.7%)

143.5

-5.8

+1.7

+2.5

+29.4

OperatingMargin14.5%

*1Salesimpacts

*2Expenses

Revenue,modelmix

Other

+11.2

+6.5

Warranty

Other

-0.4

-5.4

OperatingMargin19.0%

impacts*1

OperatingProfit+138.7(+363.1%)

-11.9

Expenses*4

176.9

+34.0

38.2

Sales

impacts*3

FY241Q

FY231Q

ThreeMonths

ThreeMonths

17

18

SalesRevenue/OperatingProfitbyGeographicalSegment

Yen(billion)

ThreeMonths

Japan

NorthAmerica

Europe

Asia

OtherRegions

FY23

FY24

FY23

FY24

FY23

FY24

FY23

FY24

FY23

FY24

Sales

Revenue

1,016.2

1,152.2

2,144.5

2,808.7

167.5

214.0

1,068.8

1,078.3

200.5

246.1

Operating

Profit

24.7

102.7

91.0

167.6

3.4

11.8

86.4

96.4

13.7

33.4

Change(%)

+315.2%

+84.2%

+246.3%

+11.5%

+142.6%

19

FY241stQtr.Results:CapitalExpenditures/Depreciation/R&D

Yen(billion)

QTD(ThreeMonths)

FY23

Results

FY24Results

Change

Capitalexpenditures*1

101.5

61.9

-39.6

Depreciationandamortization*1

101.5

122.8

+21.3

Researchanddevelopmentexpenditures*2

180.6

194.2

+13.5

*1Capitalexpendituresaswellasdepreciationinresultsandforecastshownaboveexcludeinvestmentinoperating

leases,right-of-useassets,andintangibleassets.

*2Researchanddevelopmentexpendituresareresearchanddevelopmentactivityrelatedcostsincurredduringthe

reportingperiod.InaccordancewithIFRS,aportionofresearchanddevelopmentexpendituresisrecognizedas

anintangibleassetandamortizedoveritsestimatedusefullife.Assuch,thisamountisnotinconformitywith

“researchanddevelopment"onconsolidatedstatementsofincome.

20

FY241stQtr.:ConsolidatedStatementsofFinancialPosition

DividedintoNon-financialServicesBusinessesandFinanceSubsidiaries

Yen(billions)

Jun.30,2023

1,298.0

868.9

2,872.1

5,039.2

7,583.8

1,672.3

9,256.2

-118.1

14,177.2

9,528.5

3,117.8

-350.2

12,296.0

26,473.3

Mar.31,2023

1,379.3

802.7

2,723.5

4,905.7

6,867.4

1,502.9

8,370.3

-108.3

13,167.7

8,998.2

2,826.6

-322.6

11,502.2

24,670.0

Mar.31,2023

3,553.6

1,063.7

2,164.8

915.9

3,153.1

3,052.4

13,903.9

249.4

5,895.4

4,726.2

325.8

11,197.0

-430.9

24,670.0

Jun.30,2023

3,853.1

974.0

2,284.2

1,017.2

3,231.9

3,206.9

14,567.7

230.2

6,748.4

5,009.1

386.0

12,374.0

-468.4

26,473.3

LiabilitiesandEquity

Tradepayables

Financingliabilities

Otherliabilities

Non-financialServicesBusinesses

Financingliabilities

Otherliabilities

FinanceSubsidiaries

Reconcilingitems

Totalliabilities

Non-financialServicesBusinessesequity

FinanceSubsidiariesequity

Reconcilingitems

Totalequity

Totalliabilitiesandequity

Assets

Cashandcashequivalents

Tradereceivables

Inventories

Investmentsaccountedforusingtheequitymethod

Property,plantandequipment

Otherassets

Non-financialServicesBusinesses

Cashandcashequivalents

Receivablesfromfinancialservices

Equipmentonoperatingleases

Otherassets

FinanceSubsidiaries

Reconcilingitems

Totalassets

21

SalesRevenue/OperatingProfitbyBusinessSegment

QTD

FY23FY24

Change

SegmentInformation1Q2Q3Q4Q1Q2Q3Q4QChange(%)

SalesRevenue

MotorcycleBusiness

676.0

736.6

789.6

706.6

756.9

+80.9

+12.0%

AutomobileBusiness

2,328.1

2,675.7

2,855.0

2,922.6

3,031.3

+703.1

+30.2%

FinancialServices

Business

750.0

779.0

733.6

693.4

773.6

+23.5

+3.1%

PP&OtherBusinesses

119.0

117.0

120.7

119.5

109.1

-9.8

-8.3%

Reconcilingitems

-43.7

-52.7

-60.9

-58.0

-46.1

-2.3

-

Total

3,829.5

4,255.7

4,438.1

4,384.2

4,624.9

+795.4

+20.8%

OperatingProfit

MotorcycleBusiness

97.8

126.9

151.7

112.1

143.5

+45.6

+46.7%

AutomobileBusiness

38.2

25.3

49.3

-129.5

176.9

+138.7

+362.6%

FinancialServices

Business

78.8

74.2

67.3

65.4

69.5

-9.2

-11.8%

PP&OtherBusinesses

7.3

4.7

12.0

-1.2

4.4

-2.9

-39.7%

Total

222.2

231.2

280.4

46.8

394.4

+172.2

+77.5%

Operatingprofitfromaircraftandaircraftengines

-3.8

-8.2

-6.6

-7.1

-5.6

-1.8

-

TotalAssetsof

FinanceSubsidiaries

11,942.4

12,041.8

11,120.9

11,197.0

12,374.0

+431.5

+3.6%

Yen(billion)

YTD

FY23Results

FY24Results

Change

Change(%)

676.02,328.1 750.0119.0

-43.7

756.93,031.3 773.6109.1

-46.1

+80.9+703.1+23.5-9.8

-2.3

+12.0%+30.2%+3.1%

-8.3%

-

3,829.5

4,624.9

+795.4

+20.8%

97.838.278.8

7.3

143.5176.969.5

4.4

+45.6+138.7-9.2

-2.9

+46.7%+362.6%

-11.8%

-39.7%

222.2

394.4

+172.2

+77.5%

-3.8

-5.6

-1.8

-

22

HondaGroupUnitSales/ConsolidatedUnitSales

Unit(thousand)

HondaGroup

UnitSales

QTD

YTD

Forecast

FY23

FY24

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

Change

FY23Results

FY24Results

Change

FY23Results

FY24Forecast

Change

Motorcycles

4,251

4,951

5,083

4,472

4,473

+222

4,251

4,473

+222

18,757

19,180

+423

Japan

56

58

65

67

58

+2

56

58

+2

246

270

+24

NorthAmerica

110

110

119

120

120

+10

110

120

+10

459

470

+11

Europe

81

63

79

124

119

+38

81

119

+38