Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q3 FY2011 Earnings Presentation

13 slides from Maruti Suzuki India's earnings presentation, Jan 29, 2011

  1. Slide 1: Maruti Suzuki India Limited Q3 FY'11 Financial Results

    Maruti Suzuki India Limited. Q3 FY’11 Financial Results 29th Jan. 2011 1

  2. Slide 2: Safe Harbour

    Safe Harbour 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 refl

  3. Slide 3: Contents

    Contents 1. Q3 FY’11 vs Q3 FY’10 Financial Highlights Ratio Comparison Analysis 2. Q3 FY’11 vs Q2 FY’11 Ratio Comparison Analysis 3. Sales Volumes 4. Way Forward 3

  4. Slide 4: Financial Highlights Q3 FY'11 & Growth over Q3 FY'10

    Financial Highlights Q3 FY’11 & Growth over Q3 FY’10 „ Sales Volume 330,687 Veh. 28.2 % „ Net Sales 92,767 Mn 26.5 % „ Op. EBIDTA 9,018 Mn (20.5) % „ PBT 7,928 Mn (21.8) % „ PAT 5,652 Mn (17.8) % 4

  5. Slide 5: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter Q3 FY’ 11 Q3 FY’ 10 Change bps Material Cost 80.3% 76.2% 410 Employee Cost 2.5% 1.8% 75 Selling & Distribution expenses 2.2% 3.0% (80) Manufacturing Expenses 7.7% 6.1% 160 Royalty 5.2% 3.7% 150 EBIDTA Operational 9.7% 15.5% (580) Depreciation 2.6% 2.8%

  6. Slide 6: Financial Analysis Q3 FY'11 vs Q3 FY'10: Income

    Financial Analysis Q3 FY’11 vs Q3 FY’10 Income „ Increase in volumes by 28.2% „ Net sales up by 26.5% ‰ Lower realization on exports – Euro depreciation „ Higher non-operating income 6

  7. Slide 7: Financial Analysis Q3 FY'11 vs Q3 FY'10: Costs

    Financial Analysis Q3 FY’11 vs Q3 FY’10 Material Cost to Net Sales – higher by 410 bps „ Unfavorable exchange rate – Euro exports & Yen imports „ Unfavorable product mix Manufacturing & Admin Cost – higher by 160 bps „ Higher royalty expense Employee Cost – higher by 75 bps „ Recurring annualized el

  8. Slide 8: Financial Highlights Q3 FY'11 & Growth over Q2 FY'11

    Financial Highlights Q3 FY’11 & Growth over Q2 FY’11 „ Sales Volume 330,687 Veh. 5.4 % „ Net Sales 92,767 Mn 3.8 % „ Op. EBIDTA 9,018 Mn (6.1) % „ PBT 7,928 Mn (6.3) % „ PAT 5,652 Mn (5.5) % 8

  9. Slide 9: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter Q3 FY’ 11 Q2 FY’ 11 Change Bps Material Cost 80.3% 79.2% 110 Employee Cost 2.5% 1.8% 75 Selling & Distribution expenses 2.2% 2.6% (40) Manufacturing Expenses 7.7% 8.1% (40) Royalty 5.2% 5.5% (30) EBIDTA Operational 9.7% 10.7% (100) Depreciation 2.6% 2.

  10. Slide 10: Financial Analysis Q3 FY'11 vs Q2 FY'11

    Financial Analysis Q3 FY’11 vs Q2 FY’11 Material Cost to Net Sales – up by 110 bps „ Higher discounts „ Forex impact „ Employee Cost – higher by 75 bps „ Recurring annualized element ~20bps „ One time ~55bps 10

  11. Slide 11: Sales Volumes

    Sales Volumes Market Q3 FY’11 % to Q3 FY’10 % to Total % Growth Total sales Total Sales sales Domestic 299,527 90.6 218,910 84.8 36.8 Exports 31,160 9.4 39,116 15.1 (20.3) Total Sales 330,687 100 .0 258,026 100.0 28.2 Segments Q3 FY’11 % to Dom. Q3 FY’10 % to Dom. % Growth Sales sales Domestic Sales

  12. Slide 12: Way Forward

    Way Forward „ Good demand momentum „ Production capability increase to 1.4Mn units p.a. w.e.f 1/4/2011 „ Non-European markets compensating for Europe „ Concerns over rising Fuel prices, Inflation, Interest rates, Credit availability. „ Rising commodity prices „ Uncertainty of forex – adverse impact

  13. Slide 13: Thank You

    Thank You 13

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