#1TOYOTA FINANCIAL SERVICES Presentation Materials for Investors February 2022 24X#2Disclaimer • This presentation includes certain "forward-looking statements" within the meaning of The U.S. Private Securities Litigation Reform Act of 1995. · These statements are based on current expectations and currently available information. • • · 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. We do not undertake to update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. 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. Investors and others should note that we announce material financial information using the investor relations section of our corporate website (http://www.toyotafinancial.com) and SEC filings. We use these channels, press releases, as well as social media to communicate with our investors, customers and the general public about our company, our services and other issues. While not all of the information that we post on social media is of a material nature, some information could be material. Therefore, we encourage investors, the media, and others interested in our company to review the information we post on the Toyota Motor Credit Corporation Twitter Feed (http://www.twitter.com/toyotafinancial). We may update our social media channels from time to time on the investor relations section of our corporate website. · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES#3• Disclaimer This presentation includes certain "forward-looking statements" within the meaning of The U.S. Private Securities Litigation Reform Act of 1995. • . • • • • These statements are based on current expectations and currently available information. 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 ("TMCC"). We do not undertake to update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to purchase or subscribe for securities of TMCC in any jurisdiction or an inducement to enter into investment activity in any jurisdiction. Neither this presentation nor any part thereof, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. Any offer or sale of securities by TMCC will be made only by means of a prospectus and related documentation. Investors and prospective investors in securities of TMCC are required to make their own independent investigation and appraisal of the business and financial condition of TMCC and the nature of its securities. This presentation does not constitute a recommendation regarding securities of TMCC. Any prospective purchaser of securities in TMCC is recommended to seek its own independent financial advice. This presentation and its contents are directed only at and may only be communicated to (a) persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation (EU) 2017/1129 and (b) persons in the United Kingdom who are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 who are (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, or (iii) other persons to whom it may otherwise lawfully be communicated (all such persons in (a) through (b) are collectively referred to as "Relevant Persons"). This presentation must not be acted 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. This presentation is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities of TMCC referred to in this presentation or otherwise except on the basis of information in the Euro Medium Term Note Programme base prospectus of Toyota Motor Finance (Netherlands) B.V., Toyota Credit Canada Inc., Toyota Finance Australia Limited and Toyota Motor Credit Corporation dated 17 September 2021 as supplemented from time to time (together, the "Prospectus") together with the applicable final terms which are or will be, as applicable, available on the website of the London Stock Exchange plc at www.londonstockexchange.com/exchange/news/market- news/marketnewshome.html. Investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in any securities of TMCC issued under the Euro Medium Term Note Programme. Approval of the Prospectus by the Central Bank of Ireland and the Financial Conduct Authority should not be understood as an endorsement of securities issued by TMCC under the Euro Medium Term Note Programme. Investors and others should note that we announce material financial information using the investor relations section of our corporate website (http://www.toyotafinancial.com) and SEC filings. We use these channels, press releases, as well as social media to communicate with our investors, customers and the general public about our company, our services and other issues. While not all of the information that we post on social media is of a material nature, some information could be material. Therefore, we encourage investors, the media, and others interested in our company to review the information we post on the Toyota Motor Credit Corporation Twitter Feed (http://www.twitter.com/toyotafinancial). We may update our social media channels from time to time on the investor relations section of our corporate website. ·PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES#4Toyota's Global Business TOYOTA Markets vehicles in approximately 200 countries and regions 50 overseas manufacturing organizations in 27 countries and regions besides Japan AUTOMOTIVE Design, Manufacturing, Distribution HINO TOYOTA FINANCIAL SERVICES OTHER BUSINESSES TOYOTA Consumer Financing LEXUS Dealer Support & Financing Banking DAIHATSU TRUCKS Securities Services Ancillary Products & Services Housing Marine Telecommunications e-Business Intelligent Transport Services Biotechnology & Afforestation · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES#5TMC Financial Highlights ¥22,967.2 2019 Sales Revenues Nine Months Ended, Dec 31 ¥19,525.2 2020 Operating Income Nine Months Ended, Dec 31 ¥23,267.0 ¥2,039.3 ¥1,507.9 Total Liquid Assets (1) As of Dec 31 ¥10,621.2 ¥9,103.2 2019 ¥ in billions 2020 2021 2019 ¥10,193.3 2021 ¥1,372.3 FY20 2020 Capital Expenditures ¥1,293.2 FY21 ¥2,531.8 ¥1,708.8 2021 2019 ¥1,300.0 ¥1,110.3 FY22 Est. TMC has adopted International Financial Reporting Standards (IFRS) beginning with the first quarter of the fiscal year ended March 2021 (1) Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in each case those relating to financial services (2) Capital Expenditures do not include vehicles in operating lease or right of use assets (3) R&D activity related expenditures incurred during the reporting period Source: TMC Q3 FY2020 Financial Summary; TMC Q3 FY2021 Financial Summary, TMC Q3 FY2022 Financial Summary · PROTECTED 関係者外秘 Net Income Nine Months Ended, Dec 31 ¥1,468.0 ¥2,316.2 2020 2021 R&D Expenditures ¥1,090.4 ¥1,180.0 FY20 FY21 FY22 Est. TOYOTA FINANCIAL SERVICES 5#6Toyota USA Operations by the Numbers 35 Toyota By The Numbers 1 Toyota has been a part of the cultural fabric in the U.S. for 61 years. See below for a showcase of our commitment to the U.S. 2,112,941 1,003,753 YEARS MANUFACTURING 2020 VEHICLES 2020 VEHICLES 2 SOLD IN THE U.S. IN THE U.S. PRODUCED IN THE U.S. $30.6B DIRECT INVESTMENT IN THE U.S. 29.9M OVER 176,000 10 $26.4B PARTS AND MATERIALS PURCHASED NEARLY 1,500 PEOPLE WORKING ACROSS THE U.S. PLANTS IN THE U.S. AND 14 IN NORTH AMERICA. TOYOTA AND LEXUS DEALERS $32.2B VEHICLES BUILT IN THE U.S. AND COUNTING DEALER INVESTMENT IN THE U.S.' OVER $1M SPENT GLOBALLY EVERY HOUR ON R&D $1.15B IN TOTAL U.S. DONATIONS NEARLY 118,000 U.S. - BUILT TOYOTAS EXPORTED TO 40 COUNTRIES IN 2020 14 HYBRID MODELS IN THE U.S. PLUS THE MIRAI FCV IN SELECT MARKETS 15 | SITES WITH CERTIFIED WILDLIFE HABITAT CONSERVATION PROGRAMS 470,100 JOBS CREATED IN THE U.S.10 1957 σ- o- o- o- o- o- o- o- o- Toyota Motor Sales established Our History 1972 Manufacturing operations begin in U.S. 1973 Calty Design Research established 1977 Toyota Technical Center, U.S.A. incorporated 1966 Toyota breaks ground in Georgetown, KY. The future home of TMMK, Toyota's first wholly-owned vehicle manufacturing plant in the U.S. 1987 Toyota U.S.A. Foundation established 1993 Arizona Proving Ground established 1996 North American manufacturing headquarters established 1997 Five millionth North American vehicle produced 2000 First hybrid vehicle sold in U.S. 2002 Ten millionth North American vehicle produced 2006 Hybrid production begins in U.S. 2008 One millionth Prius sold globally 2010 Toyota North American Center for Quality Excellence established 2011 Collaborative Safety Research Center (CSRC) launched 2012 25 Millionth North American vehicle produced 2015 Toyota breaks ground on its new North American headquarters in Plano, Texas 2016 Toyota's hybrid sales hit 3 million. σ œ œ œ 0 0-0 0-0 १ 2019 2021 Toyota breaks ground on Mazda Toyota Manufacturing, USA, a joint-venture plant with Mazda in Alabama. More than 30 million vehicles produced in U.S. Toyota also announces establishment of a full line-up of electrified vehicles. 1. All data as of December 2020, except where noted 2. Toyota vehicles and components assembled using U.S. and globally sourced parts 3. Parts, materials and components (CY2020). Goods and Services (CY 2020) 4. As of Dec. 31, 2020 5. Based on Toyota data. Includes direct and dealer employees 6. Including our joint venture plant in Alabama. 7. Includes U.S. (not HI) and Puerto Rico 8. Global estimate based on FY18 projections of Toyota Motor Corporation 9. As of CY 2020 10. 2015 Center for Automotive Research Study. Includes direct, dealer and supplier employees, and jobs created through their spending. Source: Toyota USA website · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES#7Toyota Operations Across the US Source: Toyota USA website 2020 TOYOTA OPERATIONS BY STATE UNITED STATES Dots represent category presence within a state and not quantity of location. Offices ⚫Engineering & Manufacturing Design, Research & Development ⚫Dealerships Sienna 1997 IN 2007) Sequoia since 2000 INDIANA Highlander since 2009 (Highlander Hybrid in IN since 2013) Tacoma since 1991 (in TX 201 TEXAS Tundra since 1995 TX200) · PROTECTED 関係者外秘 RAV4 Hybrid Camry since 2020 TOYOTA 1 Camry Hybrid in KY 2006) Avalon since 1234 Avalon Hybrid in KY since 2012) KENTUCKY Lexus ES 350 since 2015 MISSISSIPPI Corolla since 1985 in MS Since 2011 TOYOTA FINANCIAL SERVICES 7#8Toyota Motor North America, Inc. $33.5B+ Direct investment in the U.S. as of December 30, 2021 25% TMNA sales came from alternative power vehicles in CY2021 Source: Toyota Motor North America, Inc. Reports 30M+ Vehicles assembled in US since 1986 with over 60 years of US presence 41%+ Share of the total alternative fuel vehicle market (includes HEVS, BEVS, PHEVS, FCEVs) $5.1B 2021 announced new investments into U.S. manufacturing operations to support electrification efforts. 70 70 Electrified models expected globally by 2025 · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES#9Toyota and Lexus 3rd Party Accolades Quality, dependability, safety and product appeal remain high as reflected by numerous 3rd party accolades 2021 Fortune Toyota ranked one of the "World's Most Admired Companies" and named the No. 1 Motor Vehicle company (7th year running) 2021 IIHS Top Safety Pick Awards 10 qualifying Toyota models (2 pick+) 6 qualifying Lexus models (2 pick+) 2021 Kelley Blue Book Lowest 5-Year Cost to Own Brand Toyota and Lexus 2021 J.D. Power and Associates Vehicle Dependability Survey Toyota Motor Corporation received the most segment awards in the survey 2020 Kelley Blue Book Most Awarded Brands No. 1 on Kelley Blue Book's 10 most Awarded Brands 2021 U.S. News Best Cars for the Money Toyota RAV4 Hybrid, Toyota Corolla Hybrid, Toyota Camry Toyota Avalon US News: The 15 Cars with the Best Gas Mileage in 2021 7 Toyota models 2 Lexus models 2021 MY NHTSA 5-Star Overall Rating 23 Toyota models 13 Lexus models 2021 Kelley Blue Book Best Resale Value Brand Toyota/Lexus takes the title with seven category champions. May 2021 IIHS Used Vehicle List Best Choices for Teens 6 Toyota vehicles 1 Lexus vehicle 2021 Interbrand Best Global Brands 2021 U.S. News Best Cars for Families Toyota named world's most valuable automotive brand RAV4, Highlander Hybrid, Avalon and Avalon Hybrid · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 9#10Toyota and Lexus Vehicle Highlights RAV4 (Hybrid/Prime) Sienna (Hybrid) Tundra Lexus RZ (BEV) TOYOTA 647 bZ4x (BEV) Camry (Hybrid/AWD) Sequoia Venza (Hybrid) EQUGIA · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 10#11Battery EV Development Global Battery EV vehicles sales by 2030 Total BEVs 3.5 million Includes 1 million Lexus BEVs (Lexus 100% BEVs in N. America, Europe, and China) TOYOTA LEXUS TOL TOYOTA LEXUS Toyota's investment in electrification¹ (R&D and CAPEX) BEVS 4 trillion yen (incl. 2 trillion yen for batteries) 4 trillion yen HEVS PHEVS asbe FCEVS Total (1) Investment amount from 2022 to 2030 (9 years) Source: Toyota Global Newsroom website (December 2021) · PROTECTED 関係者外秘 8 trillion yen TOYOTA FINANCIAL SERVICES 11#12Toyota CASE Technologies Connected T TOYOTA connected Shared e-Palette Autonomous- Toyota B- TRI-P4 BKINZERO-EMISSIONS WORLD TREECELL TECHNOLOGY · PROTECTED関係者外秘 Fuel Cell and Battery Electric son Autonomous Electric TOYOTA FINANCIAL SERVICES 12#13TOYOTA FINANCIAL SERVICES Toyota Financial Services#14TFS Group Global Presence Norway ● Finland Sweden Netherlands Denmark ● Poland UK Czech Germany Slovakia Ireland France Hungary Portugal Spain Italy Russia EUROPE/AFRICA REGION South Africa Kazakhstan JAPAN REGION CHINA REGION China Korea Japan U.S.A. Canada Taiwan Philippines Vietnam Mexico Puerto Rico India Thailand ASIA/PACIFIC Venezuela Malaysia REGION Colombia ♥Indonesia AMERICAS OCEANIA REGION Australia New Zealand · PROTECTED 関係者外秘 Brazil Argentina TOYOTA FINANCIAL SERVICES 14#15Toyota Motor Credit Corp (TMCC) • • • Toyota Motor Corporation (TMC) Toyota Financial Services Corporation (TFSC) Toyota Motor Credit Corporation (TMCC) Over 4.4 million active finance contracts (2) (1) A+/A1/A+ rated captive finance company by S&P/Moody's/Fitch Credit support agreement structure with TFSC/TMC (3) (1) As of December 2021. Source: Company Reports (2) S&P, Fitch and Moody's Outlook Stable (3) The Credit Support Agreements do not apply to securitization transactions · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 15#16TMCC Products and Services ■ Dealer Financing • Wholesale Real Estate • Working Capital Revolving Credit Lines ■ Consumer Financing . Retail Lease 8% 2% $9.78B FYTD 2022 Q3 Revenue 90% Voluntary Protection Products Service Agreements • Prepaid Maintenance • Guaranteed Auto Protection • Excess Wear & Use • Tire & Wheel . • Key Replacement Protection Used Vehicle Limited Warranty Source: TMCC December 31, 2021, 10-Q. Reflects Operating Lease and Retail Financing revenues; Dealer Financing revenues; and Voluntary protection contract revenues and insurance earned premiums for the nine months ended December 31, 2021 · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 16#17Field Organization Overview Restructuring to better serve customers by relocating and streamlining customer service operations and investing in new technology(1) TFS HQ Henderson, NV Cedar Rapids, IA Phoenix, AZ Atlanta, GA Plano, TX Customer Service Center (CSC) Dealer Service Center (DSC) Baltimore, MD Toyota Financial Savings Bank (1) On March 24, 2021, TMCC announced it will restructure its customer service operations to better serve its customers by relocating and streamlining customer service operations and investing in new technology. TMCC is in the process of moving its three regional customer service centers to be co-located with regional dealer service centers in Chandler, AZ (West Region), Plano, TX (Central Region) and Alpharetta, GA (East Region) ·PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 17#18TMCC Earning Asset Composition Total Managed Assets Retail Assets Lease Retail Wholesale $116.2 $117.7 $108.3 $108.4 $110.4 20 40.4 41.9 44.0 10.2 $70.7 $65.6 60 220 $56.4 60 $52.3 $53.0 21.6 31% 21.7 12.4 11.9 11.1 40 43.9 49.1 69% 13.5 9% 0 17.3 17.6 17.5 Mar-18 Mar-19 Mar-20 Unencumbered ☐ Sold Mar-21 Dec-21 70.7 65.6 60% 52.3 53.0 56.4 40 40 Lease Assets $38.7 $37.9 $36.4 $37.1 $36.8 5.7 5.3 5.6 6.6 34% 12.4 33.0 32.6 30.8 30.5 66% 24.4 20 20 38.7 37.9 36.4 37.1 36.8 31% 0 Mar-18 Mar-19 Mar-20 Unencumbered Mar-21 ☐ Sold Dec-21 Mar-18 Mar-19 Mar-20 Mar-21 Dec-21 $ in billions TMCC has adopted Accounting Standard Update "ASU" 2016-13 effective starting April 1, 2020 Source: TMCC March 31, 2019 10-K, March 31, 2020 10-K, March 31, 2021 10-K, & December 31, 2021 10-Q · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 18#19TMCC Financial Performance Total Financing Revenues Nine Months Ended, Dec 31 $9,025 0.49% $8,821 2019 2020 60+ Days Delinquent (1) As of Dec 31 Retail $9,022 Net Financing Revenues Nine Months Ended, Dec 31 $2,803 $2,040 2021 2019 Lease 0.51% 0.38% 0.32% 0.30% 2019 $ in millions 2020 2020 $3,567 Net Income Nine Months Ended, Dec 31 $1,697 $999 2021 2019 Allowance for Credit Losses (1)(2) 0.28% 0.53% 2021 2019 As of Dec 31 1.50% 2020 0.42% 1.44% 2021 2019 2020 Net Credit Losses (1)(3) Nine Months Ended, Dec 31 $2,291 2021 0.32% 0.18% 2020 2021 TMCC has adopted Accounting Standard Update "ASU" 2016-13 effective starting April 1, 2020 (1) 60+ Days Delinquent, Allowance for Credit Losses, and Net Credit Losses: percentage of gross earning assets (2) Allowance for Credit Losses: the quotient of allowance for credit losses divided by the sum of gross finance receivables (finance receivables before allowance for credit losses) plus gross investments in operating leases (investments in operating leases before allowance for credit losses). Starting April 1, 2020, quotient for credit losses divided by sum of gross finance receivables (finance receivables before allowance for credit losses) (3) Net Credit Losses: results are annualized and for Finance Receivables only Source: TMCC December 31, 2020 10-Q & December 31, 2021 10-Q · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 19#20TOYOTA FINANCIAL SERVICES TMCC Funding Programs#21TMCC Funding Program Overview Highly Liquid and Well Diversified P-1 | A-1+ |F-1 Direct Issue Commercial Paper Program $73B + Unencumbered Retail Loans and Leases $23B Undrawn Committed Bank Credit Facilities (1) NZD EUR JPY $9.2B Average Liquidity Portfolio Balance for FY22Q3 USD AUD GBP Global Issuance Capacity Intercompany Lending Infrastructure Investor Focused Long-Term Perspective Best-in-Class Execution Responsive Flexible hir Source: TMCC December 31, 2021, 10-Q and Company Reports (1) As of December 31, 2021, includes $3.3B of available credit in a revolving asset-backed facility Innovative Diversity & Inclusion GREEN BACKED November 2017 TOYOTA MOTOR TMCC CREDIT CORPORATION Toyota Motor Credit Corporation €600mn 0.00% Green Notes due 2021 €600mn 0.625% Notes due 2024 BARCLAYS BNP PARIBAS CA CREDIT AGRICOLE ING UniCredit April 5, 2016 TOYOTA TMCC MOTOR CREDIT CORPORATION $1,250,000,000 Fixed and Floating Rate Diversity and Inclusion Medium-Term Notes Series B dos April 6, 2018 au TOYOTA DIVERSITY INCLUSION Joint Book-Running Managers MUR citi LEBENTHAL · PROTECTED 関係者外秘 Auto industry's FIRST-EVER set backed GREEN BOND to fund consumer fencing of Toy's portfolio of hybrid vehicles TOYOTA Green Bonds TOYOTA FINANCIAL SERVICES 21#22Commercial Paper Highlights P-1 A-1+|F1 Moody's S&P Fitch Highest Short-Term Ratings $17.1B TCCI TFA TMCC TMFNL TCPR Five Distinct Programs 700+ Investors $15.0B | $4.6B Syndicated Other Backed by $19.6B of Committed Bank Credit (1) DOCP <GO> Average Outstanding Balance TMCC and TCPR during FY22Q3 State and Local, Corporates, Pension Funds, Asset Managers, Financial Institutions Rates Posted Daily on Bloomberg Source: TMCC December 31, 2021, 10-Q and Company Reports (1) As of December 31, 2021 · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 22#23TMCC FY 2022 Funding Overview As of December 31, 2021 (1) Net of retained (2) Funding from asset-backed loans and ABCP Conduits Figures may not add up to 100% due to rounding MTN, 16% Other, 9% Uridashi, 3% $29.3B Term Debt Funded FYTD 2022 ABS, 49% $15.0B Unsecured $6.7B Public and 144A $7.6B Private ABS(2) ABS(1) Global, 23% · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 23#24Diversification in Debt Offerings TMCC Outstanding Term Debt - $92.1 billion EMTN/Eurobonds, $14,076 Global MTN, $36,250 MTN, $9,137 Other, $4,250 Loan ABS - TAOT, $8,903 Public Private ABS, $28,114 Other Secured - Lease, $6,856 Revolving Loan ABS TALNT, $5,225 Other Secured - Loan, $5,140 Lease ABS- TLOT, $1,990 ■Global MTN EMTN/Eurobonds ■ MTN ■ Other Other Secured - Loan Other Secured - Lease ■Loan ABS - TAOT ■Revolving Loan ABS - TALNT ■Lease ABS - TLOT As of December 31, 2021 $ in millions ·PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 24#25Funding Flexibility and Responsiveness Diversification Across the USD Curve(1) |<=2yrs 3-5yrs 7-10yrs 12% 13% 38% 51% 49% 37% FY18 FY19 (1) Unsecured U.S. MTN issuances, excluding Structured Notes and Retail Demand Notes Percentages may not add to 100% due to rounding Source: Company Reports 8% 20% 73% FY20 · PROTECTED 関係者外秘 10% 12% 45% 43% 45% 45% FY21 FYTD22 TOYOTA FINANCIAL SERVICES 25#26TOYOTA FINANCIAL SERVICES Retail Loan and Lease Origination and Portfolio Performance JGE 422 36864#27Credit Decisioning & Collections Disciplined Underwriting Consistent and conservative underwriting standards designed to limit delinquencies and credit losses • Key mission is to support Toyota and Lexus brand and vehicle sales • . Continued focus on prime originations Proprietary credit scores that leverage TMCC's extensive origination history • Regular statistical validations of predictive power Servicing Optimization Optimization of collections strategy and staff supports loss mitigation while enabling portfolio growth • Emphasis on early intervention • Reinforcement of strong compliance management system Focus on analytics and technology to prioritize high risk accounts and manage loss severities · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 27#28Retail Loan: Cumulative Net Losses by Vintage 2008 2009 2010 2011 2012 2013 -----2014 2015 2016 2017 2018 ......... 2019 -- 2020 5 9 13 17 21 25 29 33 37 41 45 45 Source: Company Reports as of December 31, 2021 · PROTECTED 関係者外秘 49 49 3.0% 2008 2.5% 2.0% 2015 1.5% 1.0% 0.5% 0.0% 53 57 61 65 69 73 TOYOTA FINANCIAL SERVICES 28#29Retail Loan Managed Portfolio Performance Receivables Principal Balance ($B) $62 $66 Contracts Outstanding (#M) 3.22 3.25 Dec 2020 Dec 2021 Dec 2020 Dec 2021 $63 3.21 3.16 3.18 3.16 3.10 3.14 3.24 $56 $50 $50 $51 $53 $53 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Performance by Principal Balance Outstanding Performance by Contracts Outstanding Gross Charge Offs 0.48% 0.29% Dec 2020 Dec 2021 Net Losses % 60+D Past Due % Repossessed 0.41% 0.20% 0.72% 0.74% 0.85% 0.81% Dec 2020 Dec 2021 Dec 2020 Dec 2021 Dec 2020 Dec 2021 1.0% 2.0% 1.5% 0.5% 1.0% 0.5% 0.0% 0.0% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Source: Company Reports as of December 31, 2021 · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 29#30Retail Loan Origination Characteristics APR Distribution* <2.0% ■2.0%-3.99% >=4.0% Weighted Average FICO 32% 45% 52% 60% 56% 25% 734 735 740 731 726 20% 23% 23% 28% 42% 35% 25% 18% 16% CY17 CY18 CY19 CY20 CY21 CY17 CY18 CY19 CY20 CY21 69 69 CY17 Weighted Average Original Term 68 68 69 69 CY18 New vs Used Used New 68% 64% 77% 73% 70 72 CY19 CY20 CY21 *Percentages may not sum to 100% due to rounding. Source: Company Reports as of December 31, 2021. Includes retail loans for Toyota and Lexus brands only ww · PROTECTED 関係者外秘 37% 23% 27% 32% CY18 CY19 CY20 CY21 TOYOTA FINANCIAL SERVICES 30#31TAOT ABS Characteristics 760 2017-C Weighted Average FICO Weighted Avg Orig and Rem Term (months) Original Term 64 Remaining Term 14 2017-C *Percentages may not sum to 100% due to rounding. Source: Company Reports as of December 31, 2021 Seasoning 765 $18,388 2022-A 2017-C 66 66 48% 52% 11 2022-A 2017-C Average Principal Balance $22,772 Receivables by Vehicle Type (%)* I Sedans and Vans Trucks and SUVs 2022-A 68% 32% 2022-A · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 31#32TAOT ABS Cumulative Net Losses 2010, 2011, 2012 Series 2013, 2014, 2015 Series 0.6% 0.6% TAOT 2010-A TAOT 2010-B TAOT 2011-B TAOT 2010-C TAOT 2012-A ----TAOT 2012-B TAOT 2011-A TAOT 2013-A TAOT 2013-B TAOT 2014-A TAOT 2014-B 0.5% 0.5% TAOT 2014-C ......... TAOT 2015-A -----TAOT 2015-B TAOT 2015-C 0.4% 0.4% 0.3% 0.3% 0.2% 0.2% 0.1% 0.1% 0.0% 0.0% 1 5 9 13 17 21 25 29 33 37 41 45 49 1 59 13 17 21 25 29 33 37 41 45 49 2016, 2017, 2018 Series 2019, 2020, 2021 Series TAOT 2016-A TAOT 2016-B TAOT 2016-C TAOT 2017-A TAOT 2017-B TAOT 2018-A TAOT 2018-B TAOT 2017-C TAOT 2018-C TAOT 2016-D -TAOT 2017-D TAOT 2018-D 0.7% TAOT 2019-A 0.6% TAOT 2020-A 0.5% TAOT 2021-A TAOT 2019-B TAOT 2020-B TAOT 2021-B - TAOT 2019-C TAOT 2019-D 0.6% TAOT 2020-C TAOT 2021-C TAOT 2020-D 0.5% TAOT 2021-D 0.4% 0.4% 0.3% 0.3% 0.2% 0.2% 0.1% 0.1% 0.0% 0.0% 159 13 17 21 25 29 33 37 41 45 49 159 13 17 21 25 29 29 33 37 41 45 45 49 Source: Company Reports as of January 15, 2022 payment date · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 32#33TALNT ABS Performance 3mo Average 60+ Days Delinquencies Metric (%) 0.30 0.25 0.20 0.15 0.10 0.05 0.00 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 TALNT19-1 TALNT20-1 TALNT21-1 Annualized 3mo Average Net Credit Loss Metric (%) 0.5 0.4 0.3 0.2 0.1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 20 21 TALNT19-1 TALNT20-1 TALNT21-1 Source: Company Reports as of January 25, 2022 payment date · PROTECTED 関係者外秘 22 22 23 24 25 26 22 27 28 29 29 31 30 27 28 29 22 29 31 30 TOYOTA FINANCIAL SERVICES 33#34Lease Origination Characteristics Weighted Average FICO 749 744 747 743 748 37 37 Weighted Average Lease Term 38 37 37 37 T CY17 CY18 CY19 CY20 CY21 CY17 CY18 CY19 CY20 CY21 Make Vehicle Type * Lexus Toyota ■CUVS Passenger Cars Light Duty Trucks SUVs 8.3% 7.3% 7.5% 9.2% 8.1% 6.1% 8.1% 9.7% 57% 58% 57% 56% 11.7% 10.9% 59% 33.3% 30.8% 27.7% 26.0% 25.6% 43% 42% 43% 44% 41% 52.3% 53.8% 55.1% 53.1% 55.5% CY17 CY18 CY19 CY20 CY21 *Percentages may not sum to 100% due to rounding. Source: Company Reports as of December 31, 2021. Includes leases for Toyota and Lexus brands only CY17 CY18 CY19 CY20 CY21 ·PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 34#35Lease Managed Portfolio Performance Lease Portfolio Balance ($B) $38 $32 $37 $34 Dec 2020 Dec 2021 $41 $42 $41 $40 1.38 $37 1.16 Contracts Outstanding (#M) 1.26 1.13 Dec 2020 Dec 2021 1.44 1.48 1.44 1.36 1.25 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Performance by Lease Balance Outstanding Performance by Contracts Outstanding Gross Charge Offs Net Losses % 60+D Past Due % Repossessed 0.25% 0.00% 0.17% -0.07% 0.33% 0.31% 0.34% 0.24% Dec 2020 Dec 2021 Dec 2020 Dec 2021 Dec 2020 Dec 2021 Dec 2020 Dec 2021 1.0% 1.5% 0.5% 1.0% 0.5% 0.0% 0.0% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Source: Company Reports as of December 31, 2021 · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 35#36Lease: Cumulative Net Credit Losses by Vintage 2008 2009 2010 2011 2012 2013 -----2014 2015 2016 2017 - 2018 2019 2020 1 5 9 13 17 21 25 29 33 33 Source: Company Reports as of December 31, 2021 53 57 61 65 59 33 49 37 41 45 49 · PROTECTED 関係者外秘 1.2% 2008 1.0% 2015 0.8% 2014 0.6% 0.4% 0.2% 0.0% 69 73 TOYOTA FINANCIAL SERVICES 36#37TLOT ABS Characteristics Weighted Average FICO 773 2021-A 772 2021-B Base Residual as % of Initial Securitization Value 67.5% 2021-A 69.2% 2021-B Weighted Avg Original and Remaining Payments Vehicle Type* Original Term I Remaining Payments -Seasoning ■CUVS Passenger Cars SUVS Light Duty Trucks 4.8% 6.3% 38 38 8.5% 9.1% 31.1% 29.5% 28 10 2021-A *Percentages may not sum to 100% due to rounding Source: Company Reports as of December 31, 2021 27 11 2021-B · PROTECTED 関係者外秘 55.6% 55.0% 2021-A 2021-B TOYOTA FINANCIAL SERVICES 37#38TLOT Performance 1.60% Cumulative Residual Gain (Loss) 1.20% 0.80% 0.40% Cumulative Net Loss 60+ Days Delinquencies 0.25% 0.25% 0.20% 0.15% 0.10% 0.05% 0.20% 0.15% 0.10% 0.05% 0.00% 0.00% 0.00% 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 TLOT2021-A TLOT2021-B -TLOT2021-A TLOT2021-B TLOT2021-A Source: Company Reports as of January 20, 2022 payment date 56789 TLOT2021-B · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 38#39TOYOTA FINANCIAL SERVICES Appendix#40TMCC Financial Performance Consolidated Income Statement (USD millions) Fiscal Year Ended March 31, 2020 2021 Nine Months Ended December 31, 2021 Total Financing Revenues 12,029 11,799 9,022 less: Interest Expense and Depreciation add: Other Income 9,654 8,234 5,455 1,255 1,366 997 Net Financing Revenues and Other 3,630 4,931 4,564 Net Income 913 2,017 2,291 Credit Performance March 31, 2020 2021 Over 60 Days Delinquent (1) Retail Lease Allowance for Credit Losses (1) (2) Net Credit Losses (1) 0.41% 0.27% 0.34% 0.20% 0.97% 1.47% As of December 31, 2021 0.51% 0.28% 1.44% Fiscal Year Ended March 31, 2020 2021 Nine Months Ended December 31, 2021 0.44% 0.29% 0.18% TMCC has adopted Accounting Standard Update "ASU" 2016-13 effective starting April 1, 2020 (1) Percentage of gross earning assets (2) The quotient of allowance for credit losses divided by the sum of gross finance receivables (finance receivables before allowance for credit losses) plus gross investments in operating leases (investments in operating leases before allowance for credit losses) Source: TMCC March 31, 2021 10-K & December 31, 2021 10-Q · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 40#41Credit Support Agreement TFSC Credit Support Agreement Securities (¹) 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 as long as covered securities are outstanding • . 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 Agreement cannot be terminated until (1) repayment of all outstanding securities or (2) each rating agency requested by Toyota to provide a rating has confirmed no change in rating of all such securities TMC Credit Support Agreement TFSC in turn has the benefit of a credit support agreement with TMC • Same key features as TFSC/TMCC credit support agreement . TMC will cause TFSC to maintain a tangible net worth of at least JPY10mm as long as covered securities are outstanding TFSC's and/or TMC's credit support obligations will rank pari passu with all other senior unsecured debt obligations (1) "Securities" defined as outstanding bonds, debentures, notes and other investment securities and commercial paper, but does not include asset-backed securities issued by TMCC's securitization trusts. ww · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 41#42Retail Loan Origination Profile TMCC Retail Auto Loan Originations Original Summary Characteristics by Vintage Origination Year: Number of Pool Assets Original Pool Balance Average Initial Loan Balance Weighted Average Interest Rate Weighted Average Original Term Weighted Average FICO Minimum FICO Maximum FICO Geographic Distribution of Receivables representing the 5 states with the greatest aggregate original principal balance: State 1 State 2 State 3 State 4 State 5 Distribution of Receivables by Contract Rate: (1) Less than 2.0% 2.0% 3.99% 4.0% -5.99% 6.0% - 7.99% 8.0% 9.99% 10.0% 11.99% 12.0% 13.99% 14.0% 15.99% 16.0% and greater Total Share of Original Assets: Percentage of Non-Toyota/Non-Lexus Percentage of 75+ Month Term Percentage of Used Vehicles (1) Percentages may not add to 100.0% due to rounding. Source: Company Reports as of December 31, 2021 2017 882,329 $24,699,290,739 2018 847,020 $24,306,812,650 2019 948,970 $27,579,012,944 2020 1,007,542 $30,738,117,735 2021 1,053,629 $34,544,936,474 $32,787 $27,993 3.22% $28,697 $29,062 4.09% 5.02% $30,508 4.48% 4.91% 69 Months 68 Months 69 Months 70 Months 72 Months 734 735 740 731 726 383 395 382 376 395 900 900 900 900 900 CA - 23.3% TX - 14.4% CA - 23.5% TX-15.0% CA - 21.3% TX - 15.2% NY - 4.2% IL - 4.0% VA - 4.5% CA - 22.0% TX-15.0% VA - 4.6% PA - 3.8% PA - 3.7% NY- 4.0% NY - 4.1% CA - 23.2% TX-15.6% NY - 4.2% VA - 4.1% NJ - 3.7% NY- 3.7% PA - 3.9% PA - 4.0% MD - 3.9% 42.4% 34.9% 17.6% 24.6% 16.3% 25.3% 19.7% 22.6% 23.1% 28.0% 17.0% 21.1% 31.1% 27.2% 29.7% 6.7% 12.6% 15.3% 12.6% 13.2% 3.7% 5.1% 6.0% 5.1% 5.4% 2.2% 2.6% 2.8% 2.6% 2.4% 1.2% 1.5% 1.8% 1.6% 1.6% 0.7% 0.9% 1.0% 1.2% 1.2% 0.8% 1.6% 1.8% 2.0% 2.1% 100.00% 100.00% 100.00% 100.00% 100.00% 3.0% 3.3% 3.6% 5.9% 8.2% 15.2% 15.4% 23.0% 28.0% 29.1% 23.0% 23.0% 26.9% 31.6% 36.5% · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 42#43Managed Portfolio Performance - Retail Loan TMCC Retail Loan Delinquency Experience(1) At December 31, 2021 2020 2021 2020 Outstanding Contracts (2) 3,254,231 3,215,719 3,237,181 3,142,143 Number of Accounts Past Due in the following categories 30 - 59 days 60 - 89 days Over 89 days Delinquencies as a Percentage of Contracts Outstanding(3) 30 - 59 days 60 - 89 days Over 89 days At March 31, 2019 2018 2017 3,097,464 3,158,375 3,181,143 44,567 40,331 27,476 40,205 38,498 37,044 36,396 12,602 11,472 7,223 11,604 9,576 9,464 8,018 11,488 11,705 8,500 12,219 8,240 8,063 7,633 1.37% 1.25% 0.85% 1.28% 1.24% 1.17% 1.14% 0.39% 0.36% 0.22% 0.37% 0.31% 0.30% 0.25% 0.35% 0.36% 0.26% 0.39% 0.27% 0.26% 0.24% (1) The historical delinquency data reported in this table includes all retail vehicle installment sales contracts purchased by TMCC, excluding those purchased by a subsidiary of TMCC operating in Puerto Rico. Includes contracts that have been sold but are still being serviced by TMCC. (2) Number of contracts outstanding at end of period. (3) The period of delinquency is based on the number of days payments are contractually past due. A payment is deemed to be past due if less than 90% of such payment is made. Source: Company Reports · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 43#44Managed Portfolio Performance - Retail Loan TMCC Managed Portfolio Net Loss and Repossession Experience (dollars in thousands) (1) For the Nine Months Ended For the Fiscal Years Ended March 31, 2019 Principal Balance Outstanding (2) Average Principal Balance Outstanding (3) Number of Contracts Outstanding Average Number of Contracts Outstanding (3) Number of Repossessions (4) Number of Repossessions as a Percent of the Number of Contracts Outstanding Number of Repossessions as a Percent of the Average Number of Contracts Outstanding Gross Charge-Offs (5) Recoveries (6) Net Losses Net Losses as a Percentage of Principal Balance Outstanding Net Losses as a Percentage of Average Principal Balance Outstanding December 31, 2021 2020 2021 2020 2018 2017 $66,032,673 $61,570,923 $64,432,863 $58,918,406 $62,833,053 $59,549,471 $56,265,888 $54,751,134 3,254,231 3,215,719 3,237,181 3,142,143 $53,236,380 $52,998,211 3,097,464 $52,760,041 $51,759,691 $50,759,341 $50,238,127 3,158,375 3,181,143 3,245,706 3,178,931 3,189,662 19,736 20,516 28,423 3,119,804 34,899 3,127,920 35,694 3,169,759 38,580 3,172,166 45,883 0.81% (7) 0.85% (7) 0.88% 1.11% 1.15% 1.22% 1.44% 0.81% (7) 0.86% (7) $141,909 $223,931 0.89% $278,833 1.12% $352,213 1.14% $323,962 1.22% $351,634 1.45% $395,109 $43,970 $32,370 $97,939 $191,561 $47,917 $230,916 $49,191 $303,022 $48,871 $275,091 $49,567 $302,067 $49,474 $345,635 0.20% (7) 0.41% (7) 0.37% 0.54% 0.52% 0.57% 0.68% 0.20% (7) 0.43% (7) 0.39% 0.55% 0.52% 0.58% 0.69% (1) The net loss and repossession data reported in this table includes all retail installments sales contracts purchased by TMCC, excluding those purchased by a subsidiary of TMCC in Puerto Rico. Includes contracts that have been sold but are still being serviced by TMC. (2) Principal Balance Outstanding includes payoff amount for simple interest contracts and net principal balance for actuarial contracts. Actuarial contracts do not comprise any of the Receivables. (3) Average of the principal balance or number of contracts outstanding as of the beginning and end of the indicated periods. (4) Includes bankrupt repossessions but excludes bankruptcies. (5) Amount charged off is the principal balance, including earned but not yet received finance charges, repossession expenses and unpaid extension fees, less any proceeds from the liquidation of the related vehicle. Also includes dealer reserve charge-offs. (6) Includes all recoveries from post-disposition monies received on previously charged-off contracts including any proceeds from the liquidation of the related vehicle after the related charge-off. Also includes recoveries for dealer reserve charge-offs and dealer reserve chargebacks. (7) Annualized Source: Company Reports ·PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 44#45Retail Loan ABS Comparison Original Summary Characteristics by Prior Securitization: Number of Pool Assets Initial Pool Balance Average Principal Balance Weighted Average Interest Rate Weighted Average Original Term Weighted Average Remaining Term Weighted Average FICO Minimum FICO Maximum FICO Geographic Distribution of Receivables representing the 5 states with the greatest aggregate Initial principal balance: TAOT 2019-C TAOT 2019-D TAOT 2020-A TAOT 2020-B TAOT 2020-C TAOT 2020-D TAOT 2021-A TAOT 2021-B 72,045 $1,344,769,909.63 $1,872,859,970.50 99,197 97,464 67,524 86,264 87,460 89,958 78,636 $1,855,904,868.20 $18,665.69 2.74% 66 $18,880.21 2.98% 66 $19,041.95 3.20% $1,275,392,995.27 $18,888.00 3.26% $1,659,837,859.33 $1,652,997,849.97 $1,822,777,183.00 $1,666,956,330.00 $19,241.37 3.43% $18,900.04 3.46% $20,263.00 3.06% $21,198.00 3.08% TAOT 2021-C 75,689 $1,666,028,014.87 $22,011.49 3.05% TAOT 2021-D 75,426 $1,667,553,462.91 $22,108.47 TAOT 2022-A 77,985 $1,775,873,551.06 $22,771.99 3.15% 3.27% 66 66 66 66 65 65 65 66 66 50 50 50 49 50 50 51 53 53 54 55 762 766 766 767 769 769 769 767 767 765 765 620 620 620 620 620 620 620 620 620 620 620 900 900 900 900 900 900 900 900 900 900 900 50.71% 47.41% 43.69% 42.68% 24.81% 24.73% 25.54% 25.74% 15.33% 17.46% 19.11% 20.33% State 1 CA - 24.8% State 2 TX - 14.8% CA - 25.0% TX-14.9% CA - 24.7% TX-15.02% CA - 24.2% TX-14.8% CA - 23.8% CA - 23.3% CA - 23.7% CA - 26.0% CA - 26.4% CA - 26.8% CA - 26.9% TX - 14.2% TX - 13.9% TX - 12.5% TX - 13.0% TX - 12.7% TX - 13.3% TX - 13.7% State 3 IL - 4.8% IL - 4.9% IL - 4.8% IL - 4.7% PA - 5.0% IL - 4.5% IL-4.7% IL - 4.5% PA - 4.3% PA - 4.1% IL - 4.5% State 4 PA - 4.0% PA - 3.9% PA - 4.0% PA - 4.1% IL - 4.7% PA-4.1% PA - 4.4% PA - 4.4% IL - 4.2% IL - 4.1% PA - 4.4% State 5 VA - 3.6% VA - 3.5% VA - 3.78% NJ - 3.7% VA - 3.8% VA - 3.9% VA - 3.8% VA - 3.6% NJ - 3.7% NJ - 3.7% VA - 3.5% Distribution of Receivables by Contract Rate: (1) Less than 2.0% 2.0% - 3.99% 4.0% - 5.99% 38.24% 36.96% 45.00% 43.08% 42.69% 40.45% 37.10% 27.72% 28.73% 24.94% 27.06% 29.02% 30.30% 32.36% 22.47% 22.83% 19.64% 19.84% 19.23% 19.84% 20.96% 6.0% - 7.99% 5.74% 6.41% 7.05% 6.95% 7.16% 7.14% 6.37% 6.08% 5.56% 5.75% 5.92% 8.0% - 9.99% 1.93% 2.21% 2.50% 2.29% 2.36% 2.33% 2.10% 2.15% 1.91% 2.00% 2.14% 10.0% - 11.99% 0.99% 1.09% 1.27% 1.20% 1.21% 1.16% 1.17% 1.08% 0.93% 0.98% 0.92% 12.0% -13.99% 0.36% 0.51% 0.57% 0.57% 0.60% 0.61% 0.53% 0.47% 0.45% 0.47% 0.40% 14.0% 15.99% 0.12% 0.13% 0.21% 0.18% 0.20% 0.18% 0.18% 0.18% 0.17% 0.18% 0.17% 16.0% and greater 0.03% 0.00% 0.07% 0.06% 0.05% 0.06% 0.07% 0.05% 0.04% 0.04% 0.02% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Distribution of Receivables by Vehicle Type: (1) Passenger Cars 37.82% 36.27% 34.99% 33.99% 32.60% 31.67% 30.27% Minivans 5.31% 5.40% 5.20% 4.83% 4.26% 4.22% 3.04% 31.22% NA Light Duty Trucks 17.29% 18.05% 18.28% 17.87% 17.63% 17.08% 16.81% 15.87% SUVs CUVs (2) 39.58% NA 40.28% 41.53% 43.31% 45.50% 47.03% 49.87% 6.63% 30.22% NA 15.19% 6.93% 30.89% 32.03% NA NA 14.00% 7.08% 13.77% 7.01% NA NA NA NA NA NA 46.29% 47.66% 48.02% 47.20% Total 100.00% 100.00% 100.00% 100.00% 99.99% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Distribution of Receivables by Make: (1) Toyota and Scion Lexus Total Share of Original Assets: 87.87% 86.99% 87.24% 87.18% 87.06% 85.87% 83.91% 83.73% 82.42% 82.40% 82.76% 12.13% 13.01% 12.76% 12.82% 12.94% 14.13% 16.09% 16.27% 17.58% 17.60% 17.24% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Percentage with Original Scheduled Payments > 60 months Percentage of Used Vehicles 55.30% 54.33% 18.97% 20.34% 54.29% 19.94% 54.52% 20.86% 57.35% 21.38% 56.23% 23.33% 49.18% 50.61% 26.33% 25.41% 50.46% 26.34% 52.33% 27.45% 54.48% 27.34% (1) Percentages may not add to 100.00% due to rounding (2) Vehicles categorized in this table as "CUVS" are included in the category of "SUVs" prior to TAOT 2021-B, and vehicles categorized as "Minivans" in each securitization prior to TAOT 2021-B are categorized as "CUVS" in TAOT 2021-B. Source: Company Reports · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 45#46Lease Origination Profile Original Summary Characteristics by Vintage Origination Year: Number of Pool Assets Original Pool Balance Average Initial Lease Balance Weighted Average Original Term Weighted Average FICO Minimum FICO Maximum FICO Geographic Distribution of Receivables representing the 5 states with the greatest aggregate Net Capital Cost: State 1 State 2 State 3 State 4 State 5 Distribution of Receivables by Vehicle Type: Passenger Cars Light Duty Trucks SUVs CUVs Total Distribution of Receivables by Make: Toyota Lexus Total (1) (1) (1) Percentages may not add to 100.00% due to rounding (1) Percentages may not add to 100.0% due to rounding. Source: Company Reports as of December 31, 2021 2017 2018 2019 2020 2021 516,997 521,421 481,778 385,379 383,011 $18,053,120,659 $18,452,065,596 $17,527,285,319 $14,392,981,563 $14,903,774,629 $34,919 37 Months $35,388 $36,380 $37,348 $38,912 37 Months 37 Months 37 Months 37 Months 749 744 747 743 748 411 378 395 394 369 900 900 900 900 900 CA - 22.0% CA - 22.6% CA - 22.6% NY - 12.9% NY - 12.7% NY - 11.4% CA - 21.4% NY-11.0% CA - 22.0% NY - 11.5% NJ - 7.7% NJ - 7.6% NJ - 7.2% NJ - 6.8% NJ - 7.3% FL -6.8% FL -6.7% FL - 7.0% FL -8.3% FL- 8.6% TX - 6.6% TX - 6.6% TX - 6.8% TX - 7.6% TX - 6.9% 33.3% 30.8% 27.7% 26.0% 25.6% 6.1% 8.1% 9.7% 11.7% 10.9% 8.3% 7.3% 7.5% 9.2% 8.1% 52.3% 53.8% 55.1% 53.1% 55.5% 100.00% 99.99% 100.00% 100.00% 100.00% 56.7% 43.3% 100.00% 58.5% 41.6% 100.00% 57.5% 42.5% 100.00% 55.8% 44.2% 100.00% 58.8% 41.2% 100.00% · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 46#47Managed Portfolio Performance - Lease TMCC Lease Delinquency Experience (1) December 31, 2021 2020 2021 2020 Outstanding Contracts (2) 1,125,187 1,263,462 1,248,110 1,362,691 Number of Accounts Past Due in the following categories 30 - 59 days 60 - 89 days At March 31, 2019 2018 1,441,680 1,482,723 2017 1,443,434 8,273 9,381 6,356 12,379 10,497 10,768 10,180 2,161 2,614 1,615 3,017 2,613 2,724 2,439 1,275 1,565 1,100 1,724 1,456 1,464 1,462 Over 89 days Delinquencies as a Percentage of Contracts Outstanding (3) 30 - 59 days 0.74% 0.74% 0.51% 0.91% 0.73% 0.73% 0.71% 60-89 days 0.19% 0.21% 0.13% 0.22% 0.18% 0.18% 0.17% Over 89 days 0.11% 0.12% 0.09% 0.13% 0.10% 0.10% 0.10% (1) Data presented in the table is based upon Lease Balance for new and used vehicles. (2) Number of contracts outstanding at end of period. (3) The period of delinquency is based on the number of days payments are contractually past due. A payment is deemed to be past due if less than 90% of such payment is made. Source: Company Reports · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 47#48Managed Portfolio Performance - Lease TMCC Managed Lease Portfolio Net Loss and Repossession Experience (dollars in thousands) (1) For the Nine Months Ended December 31, Lease Contracts Outstanding ($) (2) Average Lease Contracts Outstanding ($) Number of Lease Contracts Outstanding (Units) Average Number of Lease Contracts Outstanding (Units) (3) For the Fiscal Years Ended March 31, 2019 2021 $34,447,220 2020 $37,147,630 2021 $37,225,686 2020 $39,532,930 2018 $41,228,179 $41,890,127 2017 $40,505,379 $36,216,892 $37,773,231 $37,593,542 $40,586,875 $41,961,871 $41,431,204 $39,691,052 1,125,187 1,263,462 1,248,110 1,362,756 1,441,680 1,482,723 1,443,434 1,189,587 1,303,925 1,290,643 1,400,448 1,473,405 1,469,445 1,420,514 Number of Repossessions Sold (Units) (4) 2,133 3,324 4,454 8,052 11,474 13,383 13,666 Number of Repossessions Sold as a Percent of the Average Number of Lease Contracts Outstanding (7) 0.24% 0.34% 0.35% 0.57% 0.78% 0.91% 0.96% Charge-Offs ($) (5) ($668.00) $69,167.00 $74,646.00 $100,313.00 Charge-Offs (Units) 11,956 14,828 19,121 21,124 $134,435.00 $161,078.00 30,396 $174,244.00 31,631 30,421 Recoveries ($) (6) $17,482 $19,641 $27,503 $44,452 $46,525 $40,155 $28,576 Net (Gains)/Losses ($) ($18,150.00) $49,526.00 $47,143.00 $55,861.00 $87,910.00 $120,923.00 $145,668.00 Net (Gains)/Losses as a Percentage of Average Dollar Amount of Lease Contracts Outstanding (7) -0.07% 0.17% 0.13% 0.14% 0.21% 0.29% 0.37% (1) Includes contracts that have been sold but are still being serviced by TMCC (excluding TCPR). (2) Outstanding balance is equal to the net book value of the related Lease. (3) Averages are computed by taking an average of the month end outstanding amounts for each period presented. (4) Includes bankrupt repossessions but excludes bankruptcies. (5) Amount charged off is the net remaining principal balance, including earned but not yet received finance charges, repossession expenses and unpaid extension fees, less any proceeds from the liquidation of the related vehicle. Also includes dealer reserve charge-offs. (6) Includes all recoveries from post-disposition monies received on previously charged-off contracts including any proceeds from the liquidation of the related vehicle after the related charge-off. Also includes recoveries for dealer reserve charge-offs and dealer reserve chargebacks. (7) Annualized Source: Company Reports · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 48#49TMCC Managed Lease Portfolio Residual Loss Experience - Aggregate Portfolio (1) (2) Total Number of Vehicles Scheduled to Terminate Total ALG Residuals on Vehicles Scheduled to Terminate Number of Vehicles Returned to TMCC (3) (4) For the Calendar Years Ended December 31, 2019 2021 2020 454,712 479,174 $8,602,663,675 55,268 $8,996,342,832 185,933 549,909 $10,061,005,205 290,257 2018 2017 521,566 417,523 $9,372,887,926 $7,660,962,912 288,208 220,707 Number of Vehicles Going to Full Term 221,591 290,760 326,435 293,215 219,393 Vehicles Returned to TMCC Ratio Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) 12.2% 38.8% 52.8% 55.3% 52.9% $160,325,940 $265,614,400 $403,918,445 $199,052,612 ($63,041,052) Average Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) $2,901 $1,429 $1,392 $691 ($286) Total ALG Residuals on Vehicles Returned to TMCC $1,156,122,000 $3,677,196,256 $5,384,755,018 $5,238,378,419 $4,101,976,771 Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Returned Vehicles sold by TMCC 13.9% 7.2% 7.5% 3.8% (1.5%) Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Vehicles Scheduled to Terminate 1.9% 2.9% 4.0% 2.1% (0.8%) Average Contract Residual Value as a Percentage of Adjusted MSRP (6) Average ALG Residual as a Percentage of Adjusted MSRP Percentage Difference (6) 56.2% 58.4% 60.4% 60.2% 59.6% 50.8% 51.3% 51.4% 51.8% 54.2% 5.4% 7.1% 9.0% 8.4% 5.5% (1) The residual value loss data reported in this table includes all lease contracts purchased by TMCC or the Titling Trust (Toyota Lease Trust). The residual value loss data reported in this table also includes lease contracts that have been sold but are still being serviced by TMCC. (2) For purposes of this table, the "ALG Residual" for each leased vehicle is equal to the related residual value estimate produced by Automotive Lease Guide at the time of origination of the related lease with average condition and standard mileage (15,000 miles/year) or, if such estimate is unavailable, the related Contract Residual Value. (3) Excludes repossessions, charge-offs, and vehicles in inventory, but includes early terminations (4) Includes all vehicles terminating at scheduled maturity, terminating past scheduled maturity and terminating within 30 days prior to scheduled maturity. (5) Residual gain/(loss) is net of remarketing expenses, and excess wear and tear and excess mileage collections. (6) Adjusted MSRP includes value added vehicle adjustments. Source: Company Reports · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 49#50TMCC Managed Lease Portfolio Residual Loss Experience – By Make - (1)(2) For the Calendar Years Ended December 31, 2021 2020 2019 2018 Lexus Total Number of Vehicles Scheduled to Terminate Total ALG Residuals on Vehicles Scheduled to Terminate Number of Vehicles Returned to TMCC(3) Number of Vehicles Going to Full Term (4) Vehicles Returned to TMCC Ratio Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) Average Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) Total ALG Residuals on Vehicles Returned to TMCC 133,767 146,715 169,289 164,221 2017 119,756 $3,204,001,001 $3,532,278,334 $4,073,356,030 $4,011,495,747 $3,073,552,370 25,323 60,008 80,641 82,958 119,937 119,301 81,250 18.9% 55.0% 91,782 70.8% 88,822 58,253 72.6% 67.8% $115,600,120 $174,082,117 $142,089,558 $43,503,942 $21,759,123 $4,565 $2,159 $1,185 $365 $268 $604,503,582 $1,938,756,855 $2,863,223,153 $2,897,080,464 $2,089,409,315 Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Returned Vehicles sold by TMCC 19.1% 9.0% 5.0% 1.5% 1.0% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Vehicles Scheduled to Terminate 3.6% 4.9% 3.5% 1.1% 0.7% Average Contract Residual Value as a Percentage of Adjusted MSRP (6) Average ALG Residual as a Percentage of Adjusted MSRP (6) 52.8% 56.1% 58.2% 59.4% 46.8% 47.9% 49.1% 50.1% 60.3% 52.5% Percentage Difference Total Number of Vehicles Scheduled to Terminate Total ALG Residuals on Vehicles Scheduled to Terminate Number of Vehicles Returned to TMCC (3) Number of Vehicles Going to Full Term (4) Vehicles Returned to TMCC Ratio 6.0% 8.3% 9.2% 9.4% 320,945 332,459 380,620 357,345 7.8% 297,767 $5,398,662,674 $5,464,064,498 $5,987,649,175 $5,361,392,179 $4,587,410,542 29,945 105,292 161,583 207,802 170,320 234,653 168,907 139,457 204,393 161,140 9.3% 31.7% 44.7% 47.3% 46.8% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) Average Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC(5) $44,725,819 $91,532,283 $261,828,887 $155,548,670 ($84,800,175) $1,494 $869 $1,537 $921 ($608) Toyota Total ALG Residuals on Vehicles Returned to TMCC $551,618,419 $1,738,439,401 $2,521,531,865 $2,341,297,955 $2,012,567,456 Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Returned Vehicles sold by TMCC 8.1% 5.3% 10.4% 6.6% (4.2%) Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Vehicles Scheduled to Terminate 0.8% 1.7% 4.4% 2.9% (1.8%) Average Contract Residual Value as a Percentage of Adjusted MSRP (6) Average ALG Residual as a Percentage of Adjusted MSRP (6) Percentage Difference 58.5% 60.0% 62.0% 60.8% 59.2% 53.5% 5.0% 53.7% 6.3% 53.1% 53.1% 55.4% 8.9% 7.7% 3.8% (1) The residual value loss data reported in this table includes all lease contracts purchased by TMCC or the Titling Trust (Toyota Lease Trust). The residual value loss data reported in this table also includes lease contracts that have been sold but are still being serviced by TMCC. (2) For purposes of this table, the "ALG Residual" for each leased vehicle is equal to the related residual value estimate produced by Automotive Lease Guide at the time of origination of the related lease with average condition and standard mileage (15,000 miles/year) or, if such estimate is unavailable, the related Contract Residual Value. (3) Excludes repossessions, charge-offs, and vehicles in inventory, but includes early terminations (4) Includes all vehicles terminating at scheduled maturity, terminating past scheduled maturity and terminating within 30 days prior to scheduled maturity. (5) Residual gain/(loss) is net of remarketing expenses, and excess wear and tear and excess mileage collections. (6) Adjusted MSRP includes value added vehicle adjustments. Source: Company Reports · PROTECTED 関係者外秘 TOYOTA FINANCIAL SERVICES 50#51Lease ABS Comparison Toyota Lease Owner Trust (TLOT) Source: Company Reports Original Summary Characteristics by Prior Securitization: TLOT 2021-A TLOT 2021-B Number of Specified Leases Aggregate Securitization Value 51,807 $1,492,537,313.75 $1,552,238,806.88 52,975 Total of Base Residual Values Base Residual as a Percentage of Aggregate Securitization Value Average Securitization Value Average Base Residual Value Original Number of Monthly Payments Remaining Number of Monthly Payments Weighted Average FICO Minimum FICO Maximum FICO Geographic Distribution of Receivables representing the 5 states with the greatest aggregate original principal balance: State 1 State 2 State 3 State 4 State 5 Distribution of Receivables by Vehicle Type: (1) Passenger Cars Light Duty Trucks SUVs CUVs Total Distribution of Receivables by Make: (1) Toyota Lexus Total (1) Percentages may not add to 100.00% due to rounding ·PROTECTED 関係者外秘 $1,006,870,109.91 $1,074,733,012.67 67.5% 69.2% $28,809.57 $19,435.02 $29,301.35 $20,287.55 38 38 28 27 773 772 620 620 900 900 CA - 19.3% CA - 19.8% NY - 11.7% NY - 11.9% FL -8.8% FL - 9.1% NJ - 8.1% NJ - 7.9% TX-7.9% TX - 7.4% 31.1% 29.5% 4.8% 6.3% 8.5% 9.1% 55.6% 55.0% 100.00% 100.00% 49.6% 51.0% 50.4% 49.0% 100.00% 100.00% TOYOTA FINANCIAL SERVICES 51