Investor Presentaiton
TMCC Managed Lease Portfolio Residual Loss Experience – By Make
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(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
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