Maruti Suzuki India Limited · NSE:MARUTI
Maruti Suzuki India — Q4 FY2011 Earnings Presentation
15 slides from Maruti Suzuki India's earnings presentation, Apr 25, 2011
Slide 1: Q4 FY'11 Financial Results
Maruti Suzuki India Limited Q4 FY’11 Financial Results 25th April, 2011 1
Slide 2: Safe Harbour
Safe Harbour 1. This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to r
Slide 3: Contents
Contents 1. Q4 FY’11 vs Q4 FY’10 Financials Highlights Ratio Comparison Analysis 2. FY’11 vs FY’10 Financials Highlights Ratio Comparison Analysis 3. Sales Volumes 4. Going forward FY’11-12 3
Slide 4: Financial Highlights Q4 & Growth over Q4 FY'10
Financial Highlights Q4 & Growth over Q4 FY’10 Sales Volume 343,340 Veh. 19.5 % Net Sales 98,637 Mn 19.8 % Op. EBIDTA 10,097 Mn (8.8) % PBT 8,266 Mn (13.4) % PAT 6,599 Mn 0.5 % 4
Slide 5: Key Financial Ratios (% of Net Sales)
Key Financial Ratios (% of Net Sales) Parameter Q4 FY’ Q4 FY’ Change 10-11 09-10 bps Material Cost 79.7% 77.9% 180 Employee Cost 1.6% 1.9% (30) Selling & Distribution Expenses 2.9% 3.7% (80) Manufacturing & Admin Expenses 7.8% 6.1% 170 Royalty 5.2% 3.5% 170 Op. EBIDTA 10.2% 13.5% (330) Depreciation
Slide 6: Financial Analysis Q4 FY'11 vs Q4 FY'10
Financial Analysis Q4 Fy’11 vs Q4 Fy’10 Income Increase in Volumes by 19.5% Net Sales up by 19.8% 6
Slide 7: Financial Analysis Q4 FY'11 vs Q4 FY'10
Financial Analysis Q4 FY’11 vs Q4 FY’10 Material Cost to Net Sales – Higher by 180 bps Impact of forex (lower export realization) New Model Launches Mfg. & Admin Cost to Net Sales – Higher by 170 bps Higher royalty cost Higher Discounts - As compared to same period last year 7
Slide 8: Financial Highlights FY'11 vs FY'10
Financial Highlights FY’11 vs FY’10 Sales Volume 12,71,005 Veh. 24.8 % Net Sales 361,282 Mn 24.8 % Op. EBIDTA 36,644 Mn (7.3) % PBT 31,088 Mn (13.5) % PAT 22,886 Mn (8.4) % 8
Slide 9: Key Financial Ratios (% of Net Sales)
Key Financial Ratios (% of Net Sales) Parameter FY’ FY’ Change 10-11 09-10 bps Material Cost 79.7% 77.4% (230) Employee Cost 1.9% 1.9% - Selling & Distribution Expenses 2.7% 3.2% (50) Manufacturing & Admin Expenses 8.1% 6.2% 190 Royalty 5.5% 3.7% 180 Op. EBIDTA 10.1% 13.6% (350) Depreciation 2.8% 2.
Slide 10: Financial Analysis FY'11 vs FY'10
Financial Analysis FY’11 vs FY’10 Income Increase in volumes by 24.8% Increase in Net Sales by 24.8% 10
Slide 11: Financial Analysis FY'11 vs FY'10
Financial Analysis FY’11 vs FY’10 Material Cost to Net Sales – Higher by 230 bps Impact of Forex (lower export realization) New Model Launches Manufacturing & Admin Cost – Higher by 190 bps Higher royalty cost 11
Slide 12: Sales Volumes: Domestic Sales Q4
Sales Volumes Market Q4 FY’ % to Total Q4 FY’ % to Total % Growth 10-11 Sales 09-10 Sales Total Sales Domestic 312,389 90.9% 245,382 85.4% 27.3% Exports 30,951 9.1 % 42,040 14.6% (26.4)% Total Sales 343,340 100% 287,422 100% 19.5% Segments Q4 FY’ % to Domestic Q4 Fy’ % to Domestic % Growth Sales Sal
Slide 13: Sales Volumes: Domestic Sales FY
Sales Volumes Market FY’ % to Total FY’ % to Total % Growth 10-11 Sales 09-10 Sales Total Sales Domestic 1,132,739 89.1% 870,790 85.5% 30.1% Exports 138,266 10.9% 147,575 14.5% (6.3)% Total Sales 1,271,005 100% 1,018,365 100% 24.8% Segments FY’ % to Domestic FY’ % to Domestic % Growth Sales 10-11 09
Slide 14: Going Forward FY'11-12
Going Forward FY’11-12 Volumes Fundamentally strong economy Growth in Rural Segment Concerns over fuel prices Interest rates hardening High base effect of last two years Strong product line-up Competition Margins Commodity rates hardening Exchange rate movement Cost reduction eff
Slide 15: Thank You
Thank You 15
Maruti Suzuki India — Q4 FY2011 Earnings Presentation on 6ix