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The following is an excerpt from a 8-K SEC Filing, filed by TOYOTA MOTOR CREDIT CORP on 1/16/2009.
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TOYOTA MOTOR CREDIT CORP - 8-K - 20090116 - EXHIBIT_99
 
 
 
  Exhibit 99.1
 
     



                                  TOYOTA LOGO

                               FINANCIAL SERVICES



--------------------------------------------------------------------------------

                          Presentation to Fixed Income
                                   Investors



                           January 2009


                                                                             01

 
 

 
 


--------------------------------------------------------------------------------
Disclaimer
--------------------------------------------------------------------------------

o    This presentation includes certain "forward-looking statements" within the
     meaning of The U.S. Private Securities Litigation Reform Act of 1995.

o    These statements are based on current expectations and currently available
     information.

o    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

o    We do not undertake to update the forward-looking statements to reflect
     actual results or changes in the factors affecting the forward-looking
     statements.

o    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.

o    This presentation is for distribution only to persons who, if in members
     states of the European Economic Area, are  "qualified investors"  within
     the meaning of Article 2(1)(e) of the Prospectus Directive (Directive
     2003/71/EC) and who (whether in members states of the European Economic
     Area or not) (i) are outside the United Kingdom, or (ii) have professional
     experience in matters relating to investments, or (iii) are persons
     falling within Article 49(2)(a) to (d) ("high net worth companies,
     unincorporated associations etc") of The Financial Services and Markets
     Act 2000 (Financial Promotion) Order 2005 (all such persons together being
     referred to as "relevant persons"). This presentation is directed only at
     relevant persons and must not be acted on 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 will be
     engaged in only with relevant persons.


                                                                             02

 
 

 
 


--------------------------------------------------------------------------------
Toyota Executives

--------------------------------------------------------------------------------

     Richard Garry
       Head of Treasury, Europe and Africa, Assistant Global Treasurer

     Karen Papazian
       Director, TFS Debt Capital Markets

     Mark Simmons
       National Manager, TFS Corporate Communications

                                                                             03

 
 

 
 


--------------------------------------------------------------------------------
Agenda
--------------------------------------------------------------------------------

o    Toyota Financial Services (TFS) Group


                   o Toyota Motor Credit Corporation (TMCC)


o    TFS Funding Programs

o    Appendix

     -    Toyota Motor Corporation (TMC) - Toyota Motor Sales, U.S.A., Inc.
          (TMS)

     -    Credit Support Agreements


                                                                             04

 
 

 
 


--------------------------------------------------------------------------------


Toyota's Global Businesses
--------------------------------------------------------------------------------

                                GRAPHIC OMITTED
                          Market vehicles in over 170
                     countries/regions. 53 mamnufacturing
                       facilities in 27 countries/regions
--------------------------------------------------------------------------------
          |                             |                             |
----------------------      --------------------------   -----------------------
     AUTOMOTIVE                 GRAPHIC OMITTED                    OTHER
Design, Manufacturing,       FINANCIAL SERVICES(sm)             BUSINESSES
Distribution
                                Consumer Financing                 Housing
GRAPHIC OMITTED             Dealer Support & Financing             Marine
                                      Banking               Telecommunications
                               Securities Services       New Business Enterprise
                         Ancillary Products & Services



                                                                             05

 
 

 
 




Toyota Financial Services Group




                                                                             06

 
 

 
 


-------------------------------------------------------------------------------
TFS Group Global Presence
-------------------------------------------------------------------------------

o 33 Countries & Regions Worldwide


                               [GRAPHIC OMITTED]





                                                                             07

 
 

 
 


-------------------------------------------------------------------------------
TFS Group Financials
-------------------------------------------------------------------------------


      FY08 Revenue

    JP(Y)1,555 billion

[GRAPHIC OMITTED


                    Assets*

              JP(Y)13,593 billion
                               [GRAPHIC OMITTED]


             units in JP(Y) billions



*  As of March 31, 2008
Note: Segments may not sum to total due to elimination and adjustment for
consolidation
Source: TFSC Internal Reports (unaudited)

                                                                             08

 
 

 
 


--------------------------------------------------------------------------------
Toyota Motor Credit Corporation (TMCC)
--------------------------------------------------------------------------------

                            Organizational Structure


--------------------------------------------------------------------------------
                         Toyota Motor Corporation (TMC)
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                  Toyota Financial Services Corporation (TFSC)
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                     Toyota Motor Credit Corporation (TMCC)
--------------------------------------------------------------------------------

o    3.8 million active finance contracts*

o AAA (negative outlook)/Aaa (under review) rated captive finance co.

o    Credit support agreement structure with TFSC/TMC

*As of September 30, 2008 9


                                                                             09

 
 

 
 


--------------------------------------------------------------------------------


TMCC Products and Services
--------------------------------------------------------------------------------

---------------------------------------------------------------------------------------
 Consumer       Dealer                  Commercial               Insurance
 Finance        Finance                 Finance

---------------------------------------------------------------------------------------
o Retail         o Wholesale             o Forklift               o Service Agmts
o Lease          o Real Estate           o Hino Medium Duty       o Ext. Warranty
                 o Working Capital       o Class 8 Heavy Duty     o Guaranteed Auto
                 o Revolving Credit      o Retail                  Protection
                   Lines                 o Lease                  o Roadside Assistance
----------------------------------------------------------------------------------------



                                                                                 10

 
 

 
 


--------------------------------------------------------------------------------


TMCC Financial Performance - Select Data
--------------------------------------------------------------------------------


                     Fiscal Year ended March 31
                                                                      Six months
                                                                          ended
  (USD millions)                       2005     2006      2007    2008   Sept 30
                                                                           2008
  ------------------------------------------------------------------------------
  Total Financing Revenues            4,086     5,181    6,710   8,192    4,387
  add: Other Income                    390       404      586     686      281
  less: Interest expense and          2,249     3,588    5,335   7,450    2,710
  depreciation
  Net Financing Revenues              2,227     1,997    1,961   1,428    1,677
  Net Income (Loss)                    762       544      434    (223)     437



      Source: TMCC March 31, 2008 10-K/A and Sep 30, 2008 10-Q

                                                                             11

 
 

 
 


--------------------------------------------------------------------------------


TMCC Financial Performance - Select Data
--------------------------------------------------------------------------------

                   Fiscal Year ended March 31
                                                                     Six months
                                                                          ended
(USD millions)                       2005    2006     2007    2008    Sept 30
                                                                           2008

------------------------------------------------------------------------------
Over 60 Days Delinquent (1)         0.28%    .043%   0.46%    0.59%    0.92%
Allowance for Credit Losses (1)     1.06%    0.96%   0.85%    0.97%    1.33%(2)
Net Credit Losses (3)               0.56%    0.64%   0.58%    0.91%    1.06%



(1)  Percentage of gross earning assets

(2)  The quotient of allowance for credit losses divided by the sum of gross
     finance receivables (net finance receivables less allowance for credit
     losses) plus gross investments in operating leases (net investments in
     operating leases less allowance for credit losses):
     [$1,048mm/(($58,104mm-(-884mm))+($19,458mm-(-164mm)))]

(3)  Percentage of average gross earning assets annualized

Source:TMCC March 31, 2008 10-K/A and Sep 30, 2008 10-Q


                                                                             12

 
 

 
 


--------------------------------------------------------------------------------


TMCC Earning Asset Composition
--------------------------------------------------------------------------------



                Managed
               Assets
            (USD billions)

                               [GRAPHIC OMITTED]



Note: Segments may not sum to total due to rounding
Source: TMCC March 31, 2006 10-K, March 31, 2008 10-K/A and Sep 30, 2008 10-Q

                                                                             13

 
 

 
 


--------------------------------------------------------------------------------
TMCC Asset Strategy
--------------------------------------------------------------------------------

o    Intensified focus on risk analytics

     -    Increased rigor around loan approvals
     -    New scorecard

o    Risk-based pricing
     -    Retail
     -    Lease
     -    Wholesale

o    Focus on Toyota


                                                                             14

 
 

 
 



--------------------------------------------------------------------------------
TMCC - Exceptional Liquidity
--------------------------------------------------------------------------------

o    A-1+/P-1 Direct Commercial Paper Program

     -    Backed by USD 13 billion multi-party back-stop credit facilities (USD
          5 billion 1-year; USD 8 billion 5-year)

     -    Access to USD 2 trillion commercial paper market - Registered for
          CPFF

o    USD 3.3 billion Short-term Investment Portfolio*

o USD 47.4 billion in salable retail loan receivables, available for:

     - Public term ABS via SEC-registered shelf - Whole-loan sales

o    Credit Support Agreements with Toyota Financial Services Corp. and Toyota
     Motor Corporation

* Average balance for three months ended September 30, 2008
Source: TMCC September 30, 2008 10-Q


                                                                             15

 
 

 
 



Global Term Funding Programs




                                                                             16

 
 

 
 



-------------------------------------------------------------------------------
TFS Funding Program Objectives
-------------------------------------------------------------------------------

o    TFS Group 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


                                                                             17



 
 

 
 


-------------------------------------------------------------------------------
TFS Group Term Funding
-------------------------------------------------------------------------------

FY08 Highlights:


     o    Roughly USD 27 billion funded

     o    Over 330 separate transactions

     o    Across 18 currencies

     o    Accessed local and global markets

     o    Greater internal coordination and communication across all markets

                                   [GRAPHIC]

TMCC (USA) 81%

TFA (Australia)  6%

TFC (Japan) 4%

TCCI (Canada) 4%

TMFNL (Europe) 2%

Other 3%


                                                                             18



 
 

 
 


-------------------------------------------------------------------------------
TMCC - Diversity in Debt Offerings
-------------------------------------------------------------------------------

FY09 YTD Funding


                            By funding vehicle
                               [GRAPHIC OMITTED]


                                  By currency
                               [GRAPHIC OMITTED]


As of January 12, 2009
Source: Bloomberg and TMCC Company Reports (unaudited)


                                                                             19


 
 

 
 


-------------------------------------------------------------------------------
New Initiatives
-------------------------------------------------------------------------------


o    Launch of the Toyota Financial Services global treasury center


     -    Leverage over 25 years of global capital markets expertise

     -    24-hour execution capabilities to better serve dealers and investors
          worldwide

     -    Key TFS contacts in UK/NL, US and Asia/Oceania

     -    Significant step toward a single face to the markets

     -    Commitment to speed, flexibility and transparency in debt and
          derivatives execution


                                                                             20



 
 

 
 


-------------------------------------------------------------------------------
Key Investment Highlights
-------------------------------------------------------------------------------


o    Financial strength supported by Triple-A credit ratings

o    Transparent business model with exceptional liquidity

o    Scarcity value and diversification in bond offerings

     -    Focus on proactively meeting needs of market

     -    Strong emphasis placed on flexibility and responsiveness


                                                                             21



 
 

 
 


-------------------------------------------------------------------------------
Appendix
-------------------------------------------------------------------------------

     o    Toyota Motor Corporation (TMC)


     o    Toyota Motor Sales, U.S.A., Inc. (TMS)


     o    Credit Support Agreements


                                                                             22



 
 

 
 


Toyota Motor Corporation


                                                                             23



 
 

 
 


-------------------------------------------------------------------------------


TMC Global Sales
-------------------------------------------------------------------------------


                             Thousands of Vehicles

                               [GRAPHIC OMITTED]

Source: Toyota Motor Corporation 2008 Year-End Press Meeting


                                                                             24


 
 

 
 


-------------------------------------------------------------------------------


TMC Financial Performance
-------------------------------------------------------------------------------



                                                           (Billions of Yen)
                                              FY06            FY07         FY08         FY09
                                            Actual          Actual       Actual       December
                                                                                      Forecast

Net Revenues                              21,036.9        23,948.1     26,289.2       21,500.0
------------------------------------------------------------------------------------------------
Operating Income                           1,878.3         2,238.6      2,270.3         -150.0
------------------------------------------------------------------------------------------------
Income before income taxes,
minority interest
and equity in earnings
of affiliated companies                    2,087.3         2,382.5      2,437.2          -50.0
------------------------------------------------------------------------------------------------
Net Income                                 1,372.1         1,644.0      1,717.8           50.0
------------------------------------------------------------------------------------------------
FOREX Rates                       $        113 yen         117 yen      114 yen        100 yen

                                  (euro)   138 yen         150 yen      162 yen        143 yen


Source:Toyota Motor Corporation 2008 Year-End Press Meeting

                                                                             25



 
 

 
 


-------------------------------------------------------------------------------
Adaptation to Market Conditions
-------------------------------------------------------------------------------

o    Aggressive actions

     -    Emergency Profit Improvement Committee Formed

     -    Ensure Production Flexibility

     -    Retain R&D Investment

     -    Reduce Costs

                                   [GRAPHIC]

o   Ability to operate profitably at annual sales of 7 million units
    (Toyota & Lexus, CY)

o    JPY 130 billion in savings


                                                                             26



 
 

 
 


-------------------------------------------------------------------------------


TMC Financial Strength
-------------------------------------------------------------------------------



 Key Indicators FY08                                  JPY                    USD(1)
 Shareholders' Equity                           11,869 billion            119 billion
------------------------------------------------------------------------------------------
 Debt to Equity Ratio(2)                                            1:1
------------------------------------------------------------------------------------------
 Net Cash Provided by Operating Activities
 Cash and Cash Equivalents, Time Deposits,       2,981 billion             30 billion
------------------------------------------------------------------------------------------
 Marketable Securities and Other Security
 Investments                                    5,733 billion             58 billion



(1)  JPY amounts have been translated into USD for the convenience of
     investors. Unless otherwise noted, the rate used for the translations was
     (Y)99.69 = $1.00. This was the approximate exchange rate on March 31, 2008

(2)  Quotient of short-term borrowing, current portion of long-term debt, and
     long-term debt ("Debt") over shareholders' equity total ("Equity") as
     taken from the TMC FY2008 Earnings Release

Source: TMC FY2008 Annual Report

                                                                             27



 
 

 
 


-------------------------------------------------------------------------------


Toyota Motor Sales, U.S.A., Inc.
-------------------------------------------------------------------------------


                                                                             28




 
 

 
 


-------------------------------------------------------------------------------
TMS Historically Stronger After Major Economic Events
-------------------------------------------------------------------------------

                                   [GRAPHIC]

Sources:  1970 - 1979 from Wards, 1980 - 2008 from PAI CSQ


                                                                             29



 
 

 
 



Outstanding Products

o    Impressive Sales Record

     -    Lexus: U.S. top-selling luxury nameplate for 9th consecutive year

     -    Toyota: #1 selling brand 2nd year in a row

     o    Camry: #1 selling car 11th time in 12 years

     o    Corolla: #1 selling compact car

     o    Prius: 3rd best selling model in the Toyota line-up and 52% of total
          U.S. hybrid market

o    JD Power & Associates (North America)

     -    2008 Initial Quality Survey:

     o    Toyota best-performing full-line nameplate and best performing
          non-premium nameplate

     o    Lexus LS ranked first among all segment winners

     -    2008 Vehicle Dependability Survey:

     o    Toyota and Lexus earned 11 out of 19 segment awards, more than any
          automaker in survey

                                   [GRAPHIC]


Source: Autodata, U.S.Market New Vehicle Sales & Stock Report, December 31,
2008

                                                                             30


 
 

 
 


-------------------------------------------------------------------------------
Toyota's New Products in 2009
-------------------------------------------------------------------------------

                                   [GRAPHIC]


                                                                             31


 
 

 
 



Support Agreements


o    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

     -    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

o    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
          (Y)10mm

* Securities defined as outstanding bonds, debentures, notes and other
investment securities and commercial paper.

                                                                             32

 
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