Morgan Stanley’s Eighth Annual Asia Pacific Summit

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Presentation transcript:

Morgan Stanley’s Eighth Annual Asia Pacific Summit Nov.18th – 20th, 2009 Morgan Stanley’s Eighth Annual Asia Pacific Summit 1

Content PRC Auto Industry 2009 3Q Overview DFG 2009 3Q Business Overview and DFG 2009 1H Financial Performance Outlook of DFG and PRC Auto Industry in 2009 2 2

PRC Auto Industry 2009 3Q Overview

Strong Growth of PRC Auto Industry in 2009 3Q: Robust Growth of PV and Steady Recovery of CV Industry sales volume & Growth Small emission PV: the major growth driver 34.24% 21.84% 25.32% 13.53% 6.7% Mid-west China picks up market share Steady recovery of CV 4 4

DFG Business Overview & financial performance 5

DFG: Strong Business Performance in 3Q of 2009 DFG PV growth higher than industry average Strong performance of new models Unit:0,000 Unit:0,000 36% 37.83% Utilization rate maintains at higher level Constant expansion and optimization of distribution network Unit:0,000 6 6

DFG: Major Business Units Record Remarkable Performance Dongfeng Nissan PV Company Most Shining Star in the market Dongfeng Honda Co., benefits from best-selling models Unit:0,000 Unit:0,000 16.4 14.85 12.7 6.34 2.62 Dongfeng Peugeot Citroen Company: Sees clear signs of recovery Dongfeng CV sales rebounds MOM Unit:0,000 Unit:0,000 7 7

Sales Revenue Steadily Grows Steady Growth of Sales Revenue, with Improved Product Mix Sales Revenue Steadily Grows Unit: MN Yuan CV Sales Revenue PV Sales Revenue Unit: MN Yuan Unit: MN Yuan 8 8

Gross Profit and Gross Margin Net Profit and NP Margin (Recurring) Constant Improvement of Profitability EBIT and EBIT Rate Gross Profit and Gross Margin Unit: MN Yuan Unit: MN Yuan ROE(Recurring) Net Profit and NP Margin (Recurring) Unit: MN Yuan Unit: MN Yuan 9 9

Outlook of DFG and PRC Auto Industry in 2009 10

Outlook of PRC Auto Industry in 2009 Constant Increase of Consumer Affordability Break-out Demand in Mid-west Regions Unit:US$ 中西部高速增长 Great Growth Potential for PV in China Sales Volume Forecast for 2009 Unit / per thousand people 单位:万辆 11 11

DFG 3Q Sales & Business Arrangements for 2009 1-9 2009 1-9 2008 YOY Growth DFG Total 1003997 814772 23.22% PV 743495 539422 37.83% CV 260502 275350 -5.39% Dongfeng Nissan PV Company 372041 244634 52.08% Dongfeng Peugeot Citroen Co. 186208 140922 32.14% Dongfeng Honda Auto Company 148495 126347 17.53% Dongfeng Own-brand PV 8164 -- Sales target for Dongfeng Nissan JV is 850,000 units, among which Dongfeng Nissan PV Co., expects to sell 474,000 units, to challenge 50,000 DPCA Expects to sell 246,800 units PSA Peugeot Citroën Dongfeng Honda Auto Company aims to sell 200,000 units DFG 2009 sales target is 1.3 mn units, among which PV: 965,000; CV 335,000 units 12 12