#1TOYOTA FINANCIAL SERVICES Presentation Materials for Investors February 2021 Exhibit 99.11#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. • - D • • 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/toyofafinancial). We may update our social media channels from time to time on the investor relations section of our corporate website. TOYOTA FINANCIAL SERVICES 2#3Disclaimer 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 reled on in connection with, c 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 la) persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (EU) 2017/1129 [the "Prospectus Regulation") and (b) persons in the United Kingdom who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation 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 bl 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 18 September 2020 os 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 on investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in any securities of Toyota Motor Credit Corporation issued under the Euro Medium Term Note Programme. Approval of the Prospectus by the Central Bank of Ireland should not be understood as an endorsement of securities issued 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/toyotafinanciall. We may update our social media channels from time to time on the investor relations section of our corporate website. 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 TOYOTA ⒸLEXUS DAIHATSU HINO TRUCKS Col · TOYOTA FINANCIAL SERVICES Consumer Financing Dealer Support & Financing Banking Securities Services Ancillary Products & Services Housing Marine OTHER BUSINESSES Telecommunications e-Business Intelligent Transport Services Biotechnology & Afforestation TOYOTA FINANCIAL SERVICES 4#5TMC Financial Highlights Net Revenues ¥22,475.5 2018 Nine Months Ended, Dec 31 ¥9.198.8 ¥22,967.2 2019 Total Liquid Assets(2) As of Dec 31 ¥9,103.2 ¥19.525.2 2019 2020 ¥10.621.2 2020 Operating Income Nine Months Ended, Dec 31 ¥1,937,9 2018 ¥1,465.8 ¥2.039.3 FY19 2019 Capital Expenditures ¥1.372.3 ¥1,507,9 FY20 2020 ¥1.350.0 FY21 Est. ¥1,423.3 2018 ¥1,048.8 FY19 in billions TMC has adopted International Financial Reporting Standards (IFRS) beginning from the first quarter of the fiscal year ending March 2021 [1] Net Income attributable to TMC (2)Cash and cash equivalents, time deposits, marketable debt securities and its investment in monetary trust funds, excluding in each case those relating to financial services Source: TMC Q3 FY2020 Financial Summary: TMC FY2020 Financial Summary, TMC Q3 FY2021 Financial Summary Net Income(1) Nine Months Ended, Dec 31 ¥1,708.8 2019 R&D Expenditures 1.110.3 ¥1,468.0 FY20 2020 ¥1.100.0 FY21 Est. TOYOTA FINANCIAL SERVICES 5#6Toyota USA Operations by the Numbers | YEARS MANUFACTURING IN THE U.S. $28.48 DIRECT INVESTMENT IN THE US." 28.8M I VEHICLES BUILT IN THE US, AND COUNTING HEARLY 170,000 I U.S.-BUILT TOYOTAS EXPORTED TO 30 COUNTRIES IN 2019 Toyota By The Numbers" part of the curtain that plárs, dan balón our commitment to th 2,383,349 | 2019 VEHICLES SOLD IN THE ULS. OVER 186,000 | PEOPLE WORKING ACROSS THE ULS. $30.2B DEALER INVESTMENT IN THE US. 14 1 HYBRID MODELS IN THE U.S. PLUS THE MIRAI FOW IN SELECT MARKETS 1,194,348 1 301 VEHICLES PRODUCED IN THE U.S. 10 PLANTS IN THE ULS. AND 14 IN NORTH AMERICA." OVER $1M 1 SPENT GLOBALLY EVERY HOUR ON AND 13 I SITES WITH CERTIFIED WILDLIFE HABITAT CONSERVATION PROGRAMS $35.3B | PARTS AND MATERIALS PURCHASED" NEARLY 1,500 I TOYOTA AND LEXUS DEALERS $1.18 1 IN TOTAL UUS. DONATIONS 470,100 | JOBS CREATED IN THE US.* 000 FF00000 9 9 9 00 1972 Manulachining operations begin in US. City Design Rearch established 1973 1977 Toyota Technical Center, USA, incorporated 1900 Toyobak ground in Georgetown, IC. The future home of TUNC Toyota's Best wholy 1990 1997 2000 Frydd sold in 20:00 Our History Toyota USA.Foundation tablished Ariana Proving Grounded 2006 Hybrid production begin in 15. 2011 North American vehicle produced 2012 North American vehicle produced Om Prius cold globally 2010 Tooth American Center for Quality Excelence established Collaboratively Rearch Center (CC) i 9 9 2015 Toy trs ground on its new North American headquarters in Plano, Texas 25 Month North American vehicle produced All data on of December 2019, except where noted 2 Toyotovehicles and components assembled using US, and globally sourced parts 3 Parts, materials and components (CY2019), Goods and Services [CY 20191, 4 As of December 31, 2019, 5 Based on Toyota data. Includes direct and dealer employees, including our joint venture plant in Alabama.? Includes U.S. (not HJ and Puerto Rico. 8 Global estimate based on Fr18 projections of Toyota Motor Corporation. 9 As of CY 2019. 10 2015 Center for Automotive Research Study. Includes direct, dealer and supplier employees and jobs created through their spending Source: Toyota USA website TOYOTA FINANCIAL SERVICES#7Toyota Operations Across the US Source: Toyota USA website 2019 TOYOTA OPERATIONS BY STATE UNITED STATES Dongy predani w Offe Eng D&Develoment Despe Tacoma Sequoda TEXAS Tundra 20 ME IN IN Ay Camry W TH wwwTime Z PAY www. KENTUCKY TOYOTA Let's Places L350 TOYOTA FINANCIAL SERVICES 7#8Toyota Motor North America, Inc. $28.4B+ Direct investment in the U.S. as of June 30, 2020 16% TMNA sales came from alternative power vehicles in CY2020 Source: Toyota Motor North America, Inc. Reports 30M+ Vehicles assembled in US since 1986 with over 60 years of US presence 40%+ Share of the total alternative market vehicle $1.3B 2017 five-year planned investment in U.S. manufacturing, R&D, and operations achieved one year earlier than anticipated -70% New vehicles will be electrifie in some form by 2030 TOYOTA FINANCIAL SERVICES 8#9Toyota and Lexus 3rd Party Accolades Quality, dependability, safety and product appeal remain high as reflected by numerous 3rd party accolades 2020 Fortune Toyota ranked one of the "World's Most Admired Companies" and named the No. 1 Motor Vehicle company (6th year running) 2020 J.D. Power and Associates Vehicle Dependability Survey Toyota Motor Corporation received the most segment awards in the survey 2021 U.S. News Best Cars for the Money Toyota RAV4 Hybrid. Toyota Corolla Hybrid. Toyota Camry Toyota Avalon 2019 Consumer Reports Lexus & Toyota No. 1 and No. 3 brands in brand reliability 2021 IIHS Top Safety Pick Awards 7 qualifying Toyota models (2 pick+] 3 qualifying Lexus models (2 pick+] 2020 Kelley Blue Book Most Awarded Brands No. 1 on Kelley Blue Book's 10 most Awarded Brands 2020 Kelley Blue Book Resale Value Toyota/Lexus vehicles received best resale value in 9 out of 24 vehicle categories 2020 Inferbrand Best Global Brands Toyota named world's most valuable automotive brand 2019 Edmunds Buyers Most Wanted Toyota Highlander, Toyota Tacoma, Lexus ES 350, Lexus RX 350 2020 MY NHTSA 5-Star Overall Rating 22 Toyota models 13 Lexus models July 2020 IIHS Used Vehicle List Best Choices for Teens 5 Toyota vehicles 2020 U.S. News Best Cars for Families RAV4. Highlander Hybrid. Camry, Avalon and Avalon Hybrid TOYOTA FINANCIAL SERVICES 9#10Toyota and Lexus Vehicle Highlights Sienna (Hybrid) RAV4 (Hybrid/Prime) Camry (Hybrid/AWD) IS Tacoma Venza (Hybrid) TOYOTA FINANCIAL SERVICES 10#11Toyota CASE Technologies Connected Shared T TOYOTA connected e-Palette nano- A ************** TRI-P4 BRONEE Fuel Cell and Battery Electric Autonomous Electric TOYOTA FINANCIAL SERVICES 11#12TOYOTA FINANCIAL SERVICES Toyota Financial Services#13TFS Group Global Presence Norway Portugal OP Span Finland Netherland Denmark, Poland UK Czech reland German Slovakio France Hungary Italy Sweden Russia EUROPE/AFRICA REGION South Africa Kazakhstan CHINA REGION Chin 0 India Thailand a Malaysi Kore 0 JAPAN REGION jopa n Taiwa n Vietna m Philippines ASIA/PACIFIC REGION indonesia Australia New Zealand USA AMERICAS OCEANIA REGION Mexic 0 Canad 0 Puerto Venezuel * Argentin O TOYOTA FINANCIAL SERVICES 13#14Toyota Motor Credit Corp (TMCC) • • Toyota Motor Corporation (TMC) Toyota Financial Services Corporation (TFSC) Toyota Motor Credit Corporation (TMCC) Over 4.5 million active finance contracts!!! A+/A1/A+¹2) rated captive finance company by S&P/Moody's/Fitch Credit support agreement structure with TFSC/TMC1³) (1) As of December 2020. Source: Company Reports (2) Moody's Outlook Negative. Fitch and S&P Outlook Stable (3) The Credit Support Agreements do not apply to securitization transactions TOYOTA FINANCIAL SERVICES 14#15TMCC Products and Services ■ Dealer Financing Wholesale B • 1 • Real Estate Working Capital Revolving Credit Lines ■ Consumer Financing Retail Lease 3% 8% $9.54B FYTD 2021 Revenue 89% TMCC has adopted Accounting Standard Update "ASU" 2016-13 effective starting April 1, 2020 Source: TMCC December 31, 2020 10-Q. Reflects Operating Lease and Retail Financing revenues: Dealer Financing revenues; and Insurance eamed premiums and contract revenues for the nine months ended December 31, 2020 ■ Insurance Products Service Agreements Prepaid Maintenance Guaranteed Auto Protection 0 10 10 e 1 Excess Wear & Use Tire & Wheel Key Replacement Protection Used Vehicle Limited Warranty TOYOTA FINANCIAL SERVICES 15#16Extensive Field Organization Centralized servicing and collections Currently centralizing dealer and field support (¹) · • TFS HQ Henderson, NV Phoenix, AZ *Customer Service Center (CSC) Plano, TX Cedar Rapids, IA Atlanta, GA Dealer Service Center (DSC) Baltimore, MD Toyota Financial Savings Bank (1) We are currently in the process of consolidating our field operations locations into three new regional dealer service centers ["DSCS") located in Chandler, Arizoria, Plano, Texas, and Alphareta, Georgia, as shown above. The consolidation of field operations is expected to be complete by the end of fiscal year 2021. The dealer lending function is now centralized at the DSC located in Plano, Texas. TOYOTA FINANCIAL SERVICES 16#17TMCC Earning Asset Composition Total Managed Assets Retail Assets Lease Retail Wholesale $106.6 17.8 50.7 38.1 Mor-17 $108.3 17.3 52.3 38.7 Mar-18 $108.4 17.5 53.0 37.9 Mar-19 $110.4 17.6 56.4 36.4 Mar-20 $115.1 15.1 63.7 36.3 Dec-20 $ in billions TMCC has adopted Accounting Standard Update "ASU" 2016-13 effective starting April 1, 2020 Source: TMCC March 31, 2017 10-K, March 31, 2019 10-K, March 31, 2020 10-K, & December 31, 2020 10-G Sold Retail Retail % Unencumbered Sold Lease Lease % Unencumbered $50.7 12.9 37.8 Mar-17 75% $38.1 33.2 Mar-17 87% $52.3 11.9 40.4 Mar-18 77% 33.0 $53.0 Mar-18 8.5% 11.1 41.9 Lease Assets $38.7 5.7 Mar-19 79% $37.9 5.3 32.6 Mar-19 86% $56.4 12.4 44.0 Mar-20 78% $36.4 5.6 30.8 Mar-20 85% $63.7 19.3 44.4 Dec-20 70% $36.3 6.3 30.0 Dec-20 83% TOYOTA FINANCIAL SERVICES 17#18TMCC Financial Performance Total Financing Revenues Nine Months Ended. Dec 31 $9.025 $8,694 2018 0.41% 0.33% 2019 2018 60+ Days Delinquent(¹) As of Dec 31 Retail Lease 0.49% 0.32% $8,821 2019 2020 0.38% 0.30% 2020 $2.306 2018 0.55% Net Revenues Nine Months Ended, Dec 31 2018 $3.004 2019 Allowance for Credit Losses(1)(2) As of Dec 31 0.53% $3,962 2019 2020 1.50% 2020 $500 2018 0.33% 2018 Net Income Nine Months Ended, Dec 31 $999 2019 Net Credit Losses(1)(3) $1,697 0.42% Nine Months Ended, Dec 31 2019 2020 0.32% 2020 $ in milions IMCC has adopted Accounting Standard Update ASU" 2016-13 effective storting April 1, 2000 (1) 60+ Days Delinquent. Allowance for Credit Lowes, and Net Crech Losses percentage of gross eaming assets (2) Alowance for Creat Losses the quotient al allowance for creat lowes divided by the sum of gros finance receivables (finonics receivables before clowance for credit lones) plus grossimestments in aperating keaje imestment in operating leases below allowance for and loss). Starting April 1, 2000, quotient for credit losses divided by sum of gross finance receivables finance receivables before allowance for credit losses! (3) NetOrd Lisad: results one annualed and for France Receivables only Source: TMCC March 31, 2019 10-K: March 31, 2020 10-K. & December 31, 2020 10-G TOYOTA FINANCIAL SERVICES 18#19TOYOTA FINANCIAL SERVICES 000 TMCC Funding Programs#20TMCC Funding Program Overview Highly Liquid and Well Diversified P-1 | A-1+ | F-1 Direct Issue Commercial Paper Program $70B + Readily Salable Retail Loans and Leases Investor Focused Long-Term Best-in-Class Perspective Execution Responsive Flexible atr $22.3B Undrawn Committed Bank Credit Facilities(¹) NZD Source: TMCC December 31, 2020 10-Q and Company Reports (1) As of December 31, 2020, includes $2.98 of available credit in a revolving asset-backed facility EUR GBP JPY USD AUD Global Issuance Capacity Innovative Diversity & Inclusion GREEN BACKED P $13B Average Liquidity Portfolio Balance for FY21Q3 Intercompany Lending Infrastructure November 2017 WWW MER ENTIT COFPOFUITEN Toyota Motor Credit Corporation 4500mm 0.00%. Green Notes due 2021 00000675% Notes du 300M A ING UNC E TOYOTA TMCC www CPRIEST CORPORATION FM dll Sherali antimi Akanisa. Tapas Bar, 2018 TOYOTA DIVERTY LION Green Bonds TOYOTA FINANCIAL SERVICES 20#21Commercial Paper Highlights P-1 | A-1 + | F1 Moody's S&P Fitch Highest Short-Term Ratings $20.6B Average Outstanding Balance TMCC and TCPR during FY21Q3 Source: TMCC December 31, 2020 10-Q and Company Reports (1) As of December 31, 2020 TCCI TMCC TMFNL TFA TCPR Five Distinct Programs 700+ Investors State and Local, Corporates. Pension Funds. Asset Managers, Financial Institutions $15.0B | $4.4B Syndicated Other Backed by $19.4B of Committed Bank CreditI DOCP <GO> Rates Posted Daily on Bloomberg TOYOTA FINANCIAL SERVICES 21#22TMCC FYTD 2021 Funding Overview As of February 9,2021 [1] Net of retoined (2) Funding from asser-backed loans and ABCP Conduits Figures may not add up to 100% due to rounding Other, 13% MTN, 9% $44.9B Term Debt Funded FYTD 2021 $26.6B Unsecured Uridashi, 2% Global, 36% $7.4B Public and 144A ABS(¹1 $10.9B Private ABS(2) ABS, 41% TOYOTA FINANCIAL SERVICES 22#23Diversification in Debt Offerings By Deal Type By Currency As of February 9,2021 $ in millions MTN, $5,529 Other, $7,600 EMTN / Eurobonds. $17,148 Public / Private ABS, $23,346 Global MTN, $37,635 GBP 1.948. AUD. 3.266 EUR. 6.839 Other, 371 USD. 78.835 TOYOTA FINANCIAL SERVICES 23#24Funding Flexibility and Responsiveness Diversification Across the USD Curve(¹) <=2yrs 3-5yrs 7-10yrs 11% 45% FY17 12% 51% 37% FY18 (1) Unsecured U.S. MTN issuances, excluding Structured Notes and Retail Notes Percentages may not add to 100% due to rounding Source: Company Reports 13% 38% FY19 8% 19% 73% FY20 8% 50% 42% FYTD21 TOYOTA FINANCIAL SERVICES 24#25TOYOTA FINANCIAL SERVICES TMCC Retail Loan Collateral & ABS Transactions BLO A#26Credit Decisioning & Collections Disciplined Underwriting Consistent and conservative underwriting standards designed to limit delinquencies and credit losses • · • Key mission is to support Toyota and Lexus brand and vehicle sales Continued focus on prime originations · Proprietary credit scores that leverage TMCC's extensive origination history Regular statistical validations of predictive power Servicing Optimization Optimization of collections strategy and staff supports loss mitigation while enabling portfolio growth - Emphasis on early intervention Reinforcement of strong compliance management system Focus on analytics and technology to prioritize high risk accounts and manage loss severities TOYOTA FINANCIAL SERVICES 26#27Cumulative Net Losses by Vintage 1 2007 2008 ----2009 2011 --2012 -----2013 2015 --2016 -----2017 - 2019 FEEDE 5 R 13 CERRA TRANDAR---- 17 Source: Company Reports as of December 31, 2020 2010 2014 2018 21 A 25 & 33 37 41 45 ■ 53 57 2015 65 2007 2008 73 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% TOYOTA FINANCIAL SERVICES 27#28Retail Managed Portfolio Performance Receivables Principal Balance ($B) $62 Dec 2020 $53 FY14 $50 0.64% Dec 2019 FY14 FY15 % 60+D Past Due 0.60% Dec 2020 $57 Dec 2019 FY15 $50 FY16 FY16 $51 FY17 Performance by Principal Balance Outstanding Net Losses Gross Charge Offs 0.63% Dec 2019 Source: Company Reports as of December 31, 2020 FY17 FY18 Dec 2020 FY18 $53 FY19 FY19 0.54% Dec 2019 $56 FY20 FY20 Dec 2000 2.5% 2.0% 1.5% 1.0% 0.0% 3.22 FY14 FY14 3.21 FY15 Contracts Outstanding (#M) 3.16 Dec 2019 0.77% Dec 2019 3.16 FY15 FY 16 % 60+D Past Due 0.72% Dec 2020 3.18 FY16 FY17 Performance by Contracts Outstanding % Repossessed 3.22 Dec 2020 3.16 FY17 FY18 1.08% Dec 2019 FY18. 3.10 FY19 FY19 0.85% Dec 2020 FY20 3.14 FY20 2.0% 1.0% 0.5% 0.0% TOYOTA FINANCIAL SERVICES 28#29Origination Characteristics 30% 24% CY16 66 CY16 32% <2.0% 2.0%-3.99%>=4.0% 25% 42% CY17 69 APR Distribution* CY17 45% *Percentages may not sum to 100% due to rounding. Source: Company Reports as of December 31, 2020 20% 35% CY18 60% Weighted Average Original Term CY18 23% 18% CY19 CY19 52% 23% 25% CY20 70 CY20 726 CY16 74% 26% CY16 Weighted Average FICO 734 CY17 77% 23% CY17 735 CY18 New vs Used Used New 77% 23% CY18 740 CY19 73% 27% CY19 731 CY20 32% CY20 TOYOTA FINANCIAL SERVICES 29#30TAOT Deal Characteristics 748 2010-A 62 40 22 2010-A Weighted Average FICO Weighted Avg Orig and Rem Term (months) Original Term Remaining Term Seasoning *Percentages may not sum to 100% due to rounding. Source: Company Reports as of December 31, 2020 769 2021-A 65 2021-A $12,659 2010-A 41% 59% 2010-A Average Principal Balance Receivables by Vehicle Type (%)* Sedans and Vans Trucks and SUVs $20.263 2021-A 67% 35% 2021-A TOYOTA FINANCIAL SERVICES 30#31TAOT Cumulative Net Losses 1 1 TAOT 2010-A ---TAOT 2011-B 9 TAOT 2016-A TAOT 2017-A TAOT 2018-A 5 9 13 2010, 2011, 2012 Series TAOT 2010-B TAOT 2010-C TAOT 2012-A -----TAOT 2012-B 17 21 25 2016, 2017, 2018 Series -TAOT 2016-B -TAOT 2017-8 -TAOT 2018-8 TAOT 2016-C -TACT 2017-C TAOT 2018-C 17 33 37 21 25 29 33 37 41 ****** Source: Company Reports as of January 15, 2021 payment date 41 TAOT 2011-A 45 49 TAOT 2016-D -TAOT 2017-D TAOT 2018-D 45 49 0.6% 0.5% 0,4% 0.2% 0.1% 0.0% 0.7% 0.6% 0.5% 0.3% 0.2% 0.1% 1 1 TAOT 2013-A TAOT 2014-B ===--TAOT 2015-B 5 9 TAOT 2019-A TAOT 2020-A 5 13 9 13 2013, 2014, 2015 Series TAOT 2013-B TAOT 2014-C TAOT 2015-C METURES 225 17 21 17 25 21 33 2019 and 2020 Series -TAOT 2019-B ---TAOT 2019-C -TAOT 2020-B -TAOT 2020-C 29 37 TAOT 2014-A TAOT 2015-A ===== MARIA 41 41 45 49 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% TAOT 2019-D 0.6% -TAOT 2020-D 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 45 49 TOYOTA FINANCIAL SERVICES 31#32TALNT Performance Annualized 3mo Average Net Credit Loss Metric (%) 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 3.5% 3.0% 2.5% 2.0% 1.0% 0.5% 0.0% 1 ……………………… 1 4 ********* 7 O/C Step-Up ---Amoritziation Event 4 13 7 10 Annualized 3mo Average Net Credit Loss Metric (%) 13 16 O/C Step-Up Source: Company Reports as of January 25, 2021 payment date 19 -- Amoritziation Event 3.00% 19 1.50% 22 -TALNT2019-1 3.30% 25 1.70% 22 -TALNT2020-1 25 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 1 1 3mo Average 60+ Days Delinquencies Metric (%) 4 7 4 10. 13 ---Amoritziation Event 10 13 16 3mo Average 60+ Days Delinquencies Metric (%) --Amoritziation Event 19 -TALNT2019-1 16 19 22 TALNT2020-1 22 3.95% 25 25 TOYOTA FINANCIAL SERVICES 32#33TOYOTA FINANCIAL SERVICES Appendix#34TMC Consolidated Financials Consolidated Income Statement (JPY millions) Net Revenues Operating Income Net Income attributable to TMC Consolidated Balance Sheet (JPY millions) Current assets Non-current assets Total Assets Liabilities Fiscal Year Ended March 31, 2019 2020 30,225,681 2,467,545 1,882,873 April 1, 2019 19,178,450 34,237,955 53,416,405 32,761,195 As of 20,655,210 29,929,992 2,442,869 2,076,183 March 31, 2020 18,963,320 35,009,043 53,972,363 32,633,351 Shareholders' equity Total Liabilities & Shareholders' Equity 53,416,405 53,972,363 TMC has adopted International Financial Reporting Standards (IFRS) beginning from the first quarter of the fiscal year ending March 2021. The Consolidated Balance Sheet information is presented in accordance with IFRS for all periods. Source: TMC FY2020 Financial Summary and TMC Q3 FY2021 Financial Summary 21,339,012 Nine Months Ended December 31, 2020 19,525,255 1,507,922 1,468,064 As of December 31, 2020 21,676,792 36,333,523 58,010,315 35.377,237 22,633,078 58,010,315 TOYOTA FINANCIAL SERVICES 34#35TMCC Financial Performance Consolidated Income Statement (USD millions) Total Financing Revenues less: Interest Expense and Depreciation add: Other Income Net Financing Revenues Net Income Credit Performance Over 60 Days Delinquent !!! Allowance for Credit Losses 1121 Net Credit Losses !!! TMCC has adopted Accounting Standard Update "ASU" 2016-13 effective starting April 1, 2020 [1] Percentage of gross eaming assets 120 Fiscal Year Ended March 31, 2019 2020 11,640 9,656 1,196 3,180 795 As of March 31, 2019 0.31% 0.55% 12,029 9,654 1,255 0.34% 2020 913 0.39% 0.73% Fiscal Year Ended March 31, 2019 2020 Nine Months Ended December 31, 2020 8,821 6,018 1,159 3,962 1,697 As of December 31, 2020 0.38% 1.50% Nine Months Ended December 31, 2020 0.32% 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, 2020 10-K & December 31, 2020 10-Q TOYOTA FINANCIAL SERVICES 35#36Credit 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 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 JPY 10mm as long as covered securities are outstanding • 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 TFSC's and/or TMC's credit support obligations will rank pari passu with all other senior unsecured debt obligations "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. TOYOTA FINANCIAL SERVICES 36#37Origination Profile TMCC Retall 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 FCO Minimum FICO Maximum FICO Geographic Distribution of Receivables representing the 5 states with the greatest aggregate original principal balance: State 1 Stale 2 State 3 State 4 State 5 Distribution of Receivables by Contract Rate!!!! Less than 2.0% 20%-3.99% 4.0% - 5.99% 60%-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 (Percentages may not add to 100.0% due to rounding Source: Company Reports as of December 31, 2020 2016 883.424 $23.944.624.507 $27.104 3.24% 66 Months 726 900 CA 21.4% TX 15.5% NY - 4.8% NJ-4.0% IL-3.8% 46.0% 23.7% 13.6% 0.7% 13.4% 25.7% 2017 882.329 $24.699.290.739 $27.993 3.22% 69 Months 734 900 CA 23.3% TX 14.4% NY-4.2% PA-3.8% NJ-3.7% 25.3% 17.0% 3.7% 0.7% 100.00% 3.0% 23.0% 2018 847,020 $24.306.812.650 $28.697 68 Months 735 900 CA 23.5% TX- 15.0% IL-4.0% PA-3.7% NY-3.7% 34.9% 19.7% 21.1% 126% 5.1% 1.5% 1.6% 100.00% 3.3% 23.0% 2019 948.970 $27.579.012.944 $29.062 5.02% 69 Months 740 382 900 CA-21.3% TX-15.2% VA -4.5% NY-4.0% PA - 3.9% 17.6% 22.6% 31.1% 15.3% 6.0% 2.8% 1.8% 1.0% 1.8% 100.00% 26.9% 2020 1.007.542 $30.738.117.735 $30.508 70 Months 731 376 900 CA 22.0% TX 15.0% VA 4.6% NY-4.1% PA 4.0% 23.1% 27.2% 12.4% 5.1% 2.0% 5.9% 28.0% 31.6% TOYOTA FINANCIAL SERVICES 37#38Managed Portfolio Performance TMCC Retail Loan Delinquency Experience(¹) At December 31, Outstanding Contracts/21 Number of Accounts Past Due: in the following categories 30-59 days 60-89 days Over 89 days Delinquencies as a Percentage of Contracts Outstanding1³1 30 - 59 days 60-89 days Over 89 days 2020 3,215,719 40.331 11,472 11,705 1.25% 0.36% 0.36% 2019 3.156.567 48.914 13.096 11,340 1.55% 0.41% 2020 3.142.143 40.205 11,604 12219 1.28% 0.37% 0.39% 2019 3,097,464 38,498 9,576 8,240 1.24% 0.31% 0.27% At March 31. 2018 3.158.375 37,044 9,464 8,063 1.17% 0.30% 0.26% [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 post due. A payment is deemed to be past due if less than 90% of such payment is made. 2017 3.181.143 36.396 8,018 1.14% 0.25% 0.24% 2016 3.163.189 35,795 7.822 6,776 1.13% 0.25% 0.21% TOYOTA FINANCIAL SERVICES 38#39Performance - Retail Loan TMCC Managed Portfolio Net Loss and Reposession Experience (dollars in thousands)(¹) For the Nine Months Ended December 31. Principal Balance Outstanding (2) Average Principal Balance Outstanding a Number of Contracts Outstanding Average Number of Contracts Outstanding (1 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 (581 Recoveries (6) Net Losses Net Losses as a Percentage of Principal Balance Outstanding 2020 2019 $61.570.923 (9) $56.579.394 $58,918.406 $54.907.887 3,156,567 3,215,719 Net Losses as a Percentage of Average Principal Balance Outstanding 3,178,931 20,516 0.85%(7) 0.86%(7) $223.931 $32,370 $191.561 3.127,016 25.618 (10) 1.08%(7) 1.09%(7) $265,809 $38.476 $227,333 0.54%[7) 0.55%(7) 2020 $56.265.888 $54,751,134 3,142,143 3,119.804 34,899 1.11% 1.12% $352.213 $49.191 $303,022 0.55% 2019 $53.236.380 $52,998,211 3,097,464 3,127,920 35,694 1.15% For the Fiscal Years Ended March 31. 2018 $52.760,041 $51,759.691 3,158.375 1.14% $323,962 $48,871 $275,091 0.52% 3,169,759 38,580 1.22% 1.22% $351.634 $49.567 $302.067 0.57% 2017 $50.759,341 $50.238.127 3.181,143 0.58% 3,172,166 45,883 1.45% $395,109 $49.474 $345,635 2016 $49,716,914 $49.681,134 3,163,189 0.41% (7) 0.43%(7) (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 TMCC (2) Principal Balance Outstanding includes payoll 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 eamed 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 chorge-offs and dealer reserve chargebacks. (71 Annualized= [Result] Divide By [Number of Periods] Multiply By [12] (8) Beginning in February 2010, Toyota Motor Credit Corporation changed its charge-off policy from 150 days past due to 120 days past due. (9) Due to CECL implementation effective 4/1/2020, Interest receivable is no longer under Finance Receivable. (10) Manually adjusted Oct Repo inventory due to a system issue which resulted in 6623 accounts being incorrectly placed in repo status. To correct this error, the accounts were reinstated in Oct. Source: Company Reports 3.186.531 37,741 1.19% 1.18% $322.814 $47,966 $274,848 0.55% 0.55% TOYOTA FINANCIAL SERVICES 39#40ABS Deal Comparison TAOT 2019-B 102,324 Original Summary Characteristics by Prior Securitization: Number of Pool Assets Original Pool Balance. Average Principal Balance Weighted Average Interest Rate Weighted Average Original Term Weighted Average Remaining Term Weighted Average RCC 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: Less than 2.0% 20% 3.995 4.0%-5.99% 6.0%-7.995 8.0%-9.99% 10.0% 11,99% 12.0% 13.995 14.0%-15.99% 16.0% and greater Total Distribution of Receivables by Vehicle Type: Passenger Cors Minivans Light Duty Trucks Total Distribution of Receivables by Make: Toyoto and Scion Lexus Total Share of Original Assets: Percentage with Original Scheduled Payments 60 months Percentage of Used Vehicles (Percentages may not add to 100.00% due to rounding Source: Company Reports TAOT 2019-A 101.380 $1.930,929.363.46 $1,907,216811.97 $19,046.45 $18,639.00 2.32% 2.56%5 66 51 762 620 900 CA 23.9% TX - 15.3% IL-4,6% PA 4.0% 57,41% 24.22% 11.70% 147% 0.775 0.30% 0.05% 0.01% 100.00% 5.79% 16.00% 38.036 100.00% 10.55% 100.00% 55.51% 17.64% 50 761 900 CA 24.7% TX - 14.6% IL-4,7% PA 4.0% VA 3.7% 52.99% 25.69% 13.35% 0.11% 0.02% 100.00% 39.10% 5.55% 16.57% 38.78% 100.00% 89.02% 10.99% 100.00% 55.07% 18.24% TAOT 2019-C 72,045 $1.344.769.909.63 $1.872.859.970.50 $18,665.69 $18.990.21 2.74% 2.98% 66 66 50 50 762 766 620 620 900 CA-24.8% TX-14.8% IL-48% PA 4.0% 50.71% 24.81% 15.33% 1.93% 0.99% 0.03% 100.000 37 82% 5.31% 17.29% 39 58% 100.00% 87.87% 12.13% 100.000 TAOT 2019-D 55.30% 18.97% CA-25.0% TX- 14.9% IL-4.9% PA 3.95 VA-3.5% 47.41% 24.735 17.46% 2.21% 1.09% 0.51% 0.13% D.CO% 100.00% 36.27% 5.40% 18.05% 40.285 100.00% 86,995 12.015 54,335 20.34 TAOT 2020-A 97,464 $1.855.904.868.20 $19,041.95 66 50 766 620 TX - 15.025 IL-4,8% PA - 4.05 VA 3.70% 25.545 19.11% 7.05% 2.50% 1.27% 0.57% 0.21% 0.07% 100.00% 34,995 5.20% 18.28% 41.535 12.745 54.29% TAOT 2020-B 67,524 $1.275.392.995 27 $18,888.00 3.26% 68 49 767 620 900 TX-14.8% PA 4.1% NJ-3.7% 25.74% 20.33% 2.29% 1.20% 0.57% 0.18% 0.06% 100.00% 33,99% 4.83% 17.87% 43.31% 100.00% 87.18% 54,52% 20.86% TAOT 2020-C B6,264 $1.659.837.859.33 $1.652.997.849.97 $19,241.37 3.43% 66 50 769 620 900 CA-23.8% TX-14.2% FA-50% L-4.75 VA-38% 38.24% 27.72% 22.47% 7.18% 1.21% 0.20% 0.05% 100.00% 32.40% 4.26% 17.63% 45.50% 99.998 TAOT 2020-D 87.460 87.06% 12.94% 57.35% $18.900.04 3.46% 66 50 769 620 900 CA-23.35 TX-13.9% IL-4.5% PA 4.1% VA-3.9% 28.73% 1.16% 0.61% 0.18% 0.06% 100.00% 31.67% 17.00% 47.08% 100.00% 85.87% 14.13% 56.23% 23.33% TAOT 2021-A 89.958 $1.822.777,183.00 $20.263.00 3.06 51 769 620 900 CA 23.7% TX-12.5% IL-4.75 PA 4.45 VA-3.8% 45.00% 24.945 19.64% 6.37% 2.105 1.17% 0.52% 0.185 0.075 100.00% 30.275 3.04% 16.81% 49.875 100.00% 83.915 16.095 49.185 26.33 TOYOTA FINANCIAL SERVICES 40