Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q2 FY2011 Earnings Presentation

13 slides from Maruti Suzuki India's earnings presentation, Oct 30, 2010

1. Slide 1: Maruti Suzuki India Limited Q2 FY'11 Financial Results

   Maruti Suzuki India Limited Q2 Fy’11 Financial Results 30th Oct. 2010 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. Q2 Fy’11 vs Q1 Fy’11 Financial Highlights Ratio Comparison Analysis 2. Q2 Fy’11 vs Q2 Fy’10 Ratio Comparison Analysis 3. Sales Volumes 4. Going forward Fy’11 3

4. Slide 4: Financial Highlights Q2 FY'11 & Growth over Q1 FY'11

   Financial Highlights Q2 Fy’11 & Growth over Q1 Fy’11  Sales Volume 313,654 Veh. 10.7 %  Net Sales 89,371 Mn 11.0 %  Op. EBIDTA 9,603 Mn 21.2 %  PBT 8,464 Mn 31.6 %  PAT 5,982 Mn 28.5 % 4

5. Slide 5: Key Financial Ratios (% of Net Sales) Q2 vs Q1

   Key Financial Ratios (% of Net Sales) Parameter Q2 Fy’ 11 Q1 Fy’ 11 Change bps Material Cost 79.2 79.6 (40) Employee Cost 1.8 2.0 (20) Selling & Distribution expenses 2.6 3.0 (40) Manufacturing Expenses 8.1 8.7 (60) Royalty 5.3 5.9 (60) Power & Fuel 0.6 0.8 (20) Others (R&M, Traveling Etc) 2.2 2.0 2

6. Slide 6: Financial Analysis Q2 FY'11 vs Q1 FY'11

   Financial Analysis Q2 Fy’11 vs Q1 Fy’11 Material Cost to Net Sales – lower by 40 bps  Price increase in August Manufacturing & Admin Cost – lower by 60 bps  Lesser royalty expense because of arrears in Q1 results.  Lower power & fuel cost Selling & Distribution Cost – lower by 40 bps 6

7. Slide 7: Financial Highlights Q2 FY'11 & Growth over Q2 FY'10

   Financial Highlights Q2 Fy’11 & Growth over Q2 Fy’10  Sales Volume 313,654 Veh. 27.4 %  Net Sales 89,371 Mn 26.8 %  Op. EBIDTA 9,603 Mn 4.8 %  PBT 8,464 Mn 3.6 %  PAT 5,982 Mn 5.0 % 7

8. Slide 8: Key Financial Ratios (% of Net Sales) Q2 FY'11 vs Q2 FY'10

   Key Financial Ratios (% of Net Sales) Parameter Q2 Fy’ 11 Q2 Fy’ 10 Change bps Material Cost 79.2 77.4 180 Employee Cost 1.8 1.8 - Selling & Distribution expenses 2.6 2.9 (30) Manufacturing Expenses 8.1 7.1 100 Royalty 5.3 3.7 160 Power & Fuel 0.6 0.8 (20) Others (R&M, Traveling Etc) 2.2 2.6 (40) EB

9. Slide 9: Financial Analysis Q2 FY'11 vs Q2 FY'10

   Financial Analysis Q2 Fy’11 vs Q2 Fy’10 Income  Increase in volumes by 27.4%  Net sales up by 26.8%  Higher total operating income 9

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

    Financial Analysis Q2 Fy’11 vs Q2 Fy’10 Material Cost to Net Sales – up by 180 bps  Increase in commodity prices  Steel impact of Q1 Fy’11  Unfavorable product mix  Unfavorable exchange rate Mfg. & Admin Cost to Net Sales – up by 100 bps  Higher royalty expense Selling & Distribution Cost to Ne

11. Slide 11: Sales Volumes: Domestic and Exports

    Sales Volumes Market Q2 FY’11 % to Total Q2 Fy’10 % to Total % Growth sales sales Total Sales Domestic 277,936 88.6 209,083 84.9 32.9 Exports 35,718 11.4 37,105 15.1 (3.7) Total Sales 313,654 100 .00 246,188 100.00 27.4 Segments Q2 FY’11 % to Dom. Q2 Fy’10 % to Dom. % Growth Sales sales Domestic Sal

12. Slide 12: Going Forward FY'11

    Going Forward Fy’ 11  Good demand momentum  Production increased to 110,000 units/month  Uncertainty of forex – Adverse impact of Yen  Non-European markets compensating for Europe  Efforts to mitigate input cost pressures and improve margins  Strong product portfolio  Advantage customer - low

13. Slide 13: Thank You

    Thank You 13

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