Financial Results FY2006 First-half

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FY2006 first-halffinancial resultsOctober 26, 2006Carlos GhosnPresident & CEOFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 first-half product launch1st half2nd half19Cabstar10 new modelsStart of s ales b asis: Ap r.-Mar.FY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

AgendaFY06 first-half sales performanceFY06 first-half financial performanceOutlook for FY06FY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 first-half sales performanceGlobal retail sales1,9001,8001,835(thousand 61,3001,3371,2891,2001,100FY001st halfFY011st halfFY021st halfFY031st halfFY041st halfFY051st halfFY061st halfFY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 first-half sales performanceRetail sales by region : Japan500(thousand units)400Moc o421350300Serena-16.9%200100TIV:2.7 million units (-3.4%)Nissan Sales:350,000 units (-16.9%)Nissan share:12.9% (-2.1 points)0JapanFY05 1st halfFY06 1st halfFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 first-half sales performanceRetail sales by region : U.S.600Versa571500513(thousand units)-10.2%400Murano300200100TIV:8.8 million units (-5.6%)Nissan sales:513,000 units (-10.2%)Nissan share:5.8% (-0.3 points)0U.S.FY05 1st halfFY06 1st halfFY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 first-half sales performanceRetail sales by region : Infiniti divisionInfiniti M7071.16063.664.959.1-17.5%*(thousand units)504045.243.43033.720100FY001st halfFY011st halfFY021st halfFY031st halfFY041st half*adjus ted to daily seling rates(DSR)FY051st halfFY061st halfFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 first-half sales performanceRetail sales by region: Europe600Note(thousand units)500400Navara300287200275-4.4%TIV:11.0 million units ( 1.2%)Nissan sales: 275,000 units (-4.4%)1000EuropeFY05 1st halfFY06 1st halfFY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 first-half sales performanceRetail sales: General Overseas Markets*GOMChina600571(thousand units)500555 2.9%400300180200 28%140101PC sales7379LCV salesFY05-1HFY06-1H671000FY05-1HFY06-1H*Includin g Mexico an d Cana daFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 first-half sales performanceRetail sales: General Overseas MarketsFY06 1st halfFY05 1st half7073 18%6062(thousand units)50404239 7%3830302320-39%221710028-5%-24%Middle EastLatin tsFY 2004Thirdfirst-halfQuarterReview

FY06 first-half financial performance(billion yen)Consolidated net revenueConsolidated operating profitConsolidated operating marginFY05-1HFY06-1HChange4,491.04,534.4 1.0%411.5348.6-15.3%9.2%7.7%-1.5 pointsFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 first-half financial performanceOperating profitvariance analysisScope ofFOREX 54.8Raw materialconsolidati on /Ener gy cost 4.6-65.8460.0Purchasing Productcostenrichmentreduction&Price/ 75.5regulati onsVolume mix-19.1-104.3440.0(billion yen)420.0400.0Manufacturingexpens es others-5.8R&Dexpens es-7.0320.0300.0280.0Sellingexpens es(Incl.incentives) 3.8Warrantyexpens es-3.9FY061HFY06O.P.1H348.6O.P .348.6FY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 first-half financial performanceOperating profit by region(billion yen)U.S. ( 1HEUROPE121.1GOMFY06-1H(Including mination: FY 05-1H : -4.4 FY 06-1H: 8.258.8FY06-1HFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 first-half financial performance(billion yen)Consolidated net revenueConsolidated operating profitConsolidated operating marginNet incomeFY05-1HFY06-1HChange4,491.04,534.4 1.0%411.5348.6-15.3%9.2%7.7%-1.5 points230.7274.2 18.8%FY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 first-half financial performanceNet cash15010094.9(billion ialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 outlookRisksOpportunitiesHigher level of incentivesNISSAN Value-UpMix and grade deteriorationFavorable exchange ratesHigh commodity pricesHigh energy pricesHigher interest ratesFY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 outlookU.S. SentraFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 outlookU.S. AltimaFY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 outlookU.S. INFINITI G35FY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 outlookJapan Otti / New Mini / LCVsOttiNew LCVNew MiniNew LCVFY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

FY06 outlookGeneral Overseas MarketsLivina GenissFY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewFY06 outlookEurope QashqaiFY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

Market capitalization evolution by region(billion dollars)600 27.1%33.5US: -61.0%177.3Europe: 0.4%329.1Japan: 103.0%50040085.9300176.7200100162.20March 1999October 2006Japan: Nissan, T oyota, Hon da /E urope : DCX, BMW, VW, Rena ult, PSA / U.S.: GM, F ordMarch 9 9 for Japa nese Co. / Dec. 98 for Europe an Co.FY2006financialresultsFY 2004Thirdfirst-halfQuarterReviewMarket capitalization evolution of the Alliance(billion dollars)807032.6Renault : 204.2%52.3Nissan: 437.8%60 315.4%5040302010.7109.70March 1999October 2006FY2006financialresultsFY 2004Thirdfirst-halfQuarterReview

Oct 26, 2006 · 60 70 0 33.7 64.9 59.1-17.5%* 43.4 45.2 Infiniti M 63.6 *adjusted to daily selingrates(DSR) Retail sales by region: Infiniti division FY00 1st half FY01 1st half FY02 1st half FY04 FY03 1st half FY05 FY06 71.1 FY06 first-half sales performance (thousand units) FY 2004 Third Quarter Review FY

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