FY2010 Second Quarter Financial Results. SUZUKI MOTOR CORPORATION 2 November 2010

Transcription

1 FY2010 Second Quarter Financial Results SUZUKI MOTOR CORPORATION 2 November 2010

2 Consolidated: Financial Summary Page 1 FY2010 1H FY2009 1H ( 10/4-9) ( 09/4-9) Change Net sales 1, , % Operating income (Ratio) 68.8 (5.2%) 31.8 (2.7%) % 74.9 Ordinary income 39.1 (Ratio) (5.7%) (3.3%) 3%) (5 7%) % Net income (Ratio) (2.3%) (1.1%) %

3 Consolidated: Net Sales Page 2 1, ,318.8 (+137.2) 43% Overseas production Overseas sales (+66.2) 44% 20% Domestic production Overseas sales (+17.4) 19% Domestic production % % Domestic sales (+53.6) FY2009 1H('09/4-9) FY2010 1H('10/4-9)

4 Consolidated: Net Sales Year-on-Year Comparison Excluding Financial Services business Motorcycle Automobile Page 3 (Effect of Marine & Power products, etc. Total ForEX rates conversion) Domestic total Overseas total Europe North America Asia Others Grand total (Effect of ForEX rates conversion)

5 Consolidated: Operating Income Page bln yen(+116.1%) 1%) increase in profit % 5.2% % Profit ratio FY2009 1H('09/4-9) FY2010 1H('10/4-9)

6 Consolidated: Ordinary Income Page bln yen ( %) increase in profit % 3.3% Profit ratio FY2009 1H('09/4-9) FY2010 1H('10/4-9)

7 Consolidated: Net income Page bln yen (+143.0%) increase in profit % 1.1% Profit ratio FY2009 1H('09/4-9) FY2010 1H('10/4-9)

8 Consolidated: Factors of Change in Operating Income Change in sales, model mix Cost reduction Increase of expenses Effect of ForEX rate FY2009 1H Operating (+72 0) income 31.8 Increase in profit (+37.0) Increase of R&D expenses -6.1 Factors of increase Factors of decrease 20 (+72.0) (-35.0) 10 0 Increase of depreciation -4.4 Page 7 FY2010 1H Operating income 68.8 (Change in sales, model mix includes the effect of raw material prices -7.7)

9 Consolidated: Foreign Exchange Rates Page 8 U.S. dollar Euro Others FY2010 1H 89 yen 114 yen ー ('10/4-9) FY2009 1H 96 yen 133 yen ー ('09/4-9) Change -7 yen -19 yen ー Effect of ForEX rates bln yen bln yen bln yen Total bln yen

10 64.3 Main affiliates 5.7 Consolidated: Capital Expenditures (including CAPEX of main affiliates) 69.3 (+5.0) 3.0 (-2.7) Page 9 Subsidiaries (+4.3) SUZUKI (+3.4) FY2009 1H('09/4-9) FY2010 1H('10/4-9)

11 Consolidated: Depreciation, R&D Expenses, Interest-Bearing Debt balance Page of which Financial Services 75.5 of which Financial Services Depreciation R&D Expenses Interest-Bearing Debt balance FY2009 1H FY2010 1H FY2009 1H FY2010 1H ( 09/4-9) ( 10/4-9) ( 09/4-9) ( 10/4-9) FY2009 1H FY2010 1H ( 09/9) ( 10/9)

12 Consolidated: Cash Flows Page 11 Operating activities actvtes Investing activities Financing activities Others At beginning of period Free cash flow 59.2 At end Cash and cash equivalents of period Increased by 1.9 bln yen 585.4

13 Consolidated: Cash Flows Page 12 '09/1-3 '09/4-6 '09/7-99 '09/ '10/1-3 '10/4-6 '10/7-9 Operating activities iti Investing activities FCF Financing activities Others Total amount of change

14 Consolidated: Operating Results by Business Page 13 Net sales Financial 38.2 Services Marine & Power products, etc. Operating income Motorcycle 1, ,168.5 Financial Services 2.0 Marine & 2.9 Power products, etc Automobile Motorcycle -4.1 FY2009 1H FY2010 1H FY2009 1H FY2010 1H ( 09/4-9) ( 10/4-9) ( 09/4-9) ( 10/4-9)

15 Consolidated: Operating Results by Business (Motorcycle) Page (-8.0%) Net sales Operating income Operating income FY2009 1H('09/4-9) FY2010 1H('10/4-9)

16 1,027.8 Consolidated: Operating Results by Business (Automobile) 1,168.5 (+13.7%) Page 15 Net sales 32.3 Operating income FY2009 1H('09/4-9) 68.4 (+111.8%) Operating income FY2010 1H('10/4-9)

17 21.8 Consolidated: Operating Results by Business (Marine and Power products, etc.) (+11.4%) Page 16 Net sales (+27.2%) 2%) Operating income FY2009 1H('09/4-9) Operating income FY2010 1H('10/4-9)

18 Consolidated: Operating Results by Business (Financial Services) Page (-23.5%) Net sales (-27.4%) Operating income FY2009 1H('09/4-9) FY2010 1H('10/4-9) Operating income

19 Consolidated: Operating Results by Geographical Areas Page Net sales Others Asia North America Europe Japan Operating income North America FY2009 1H FY2010 1H FY2009 1H FY2010 1H ( 09/4-9) ( 10/4-9) ( 09/4-9) ( 10/4-9)

20 681.9 Consolidated: Operating Results by Geographical Areas (+19.3%) (Japan) Page 19 Net sales (+313.4%) FY2009 1H('09/4-9) Operating income Operating income FY2010 1H('10/4-9)

21 Consolidated: Operating Results by Geographical Areas (Europe) Page (-25.7%) Net sales (-49.4%) Operating income FY2009 1H('09/4-9) Operating income FY2010 1H('10/4-9)

22 78.9 Consolidated: Operating Results by Geographical Areas Page 21 (North America) Net sales 45.5 (-42.3%) Operating loss Operating loss FY2009 1H('09/4-9) -2.1 FY2010 1H('10/4-9)

23 363.1 Consolidated: Operating Results by Geographical Areas Page 22 (Asia) Net sales (+27.7%) (Asia) (-3.7%) FY2009 1H('09/4-9) Operating Operating income income FY2010 1H('10/4-9)

24 Consolidated: Operating Results by Geographical Areas 39.2 (+29.8%) (Others) Page Net sales 0.5 Operating income FY2009 1H('09/4-9) 2.2 (+332.2%) 2%) Operating income FY2010 1H('10/4-9)

25 Consolidated:Number of Consolidated Subsidiaries, Equity Method Affiliates and Employees Page ,651 52,759 Consolidated Subsidiaries Equity Method Affiliates Employees FY2009 1H FY2010 1H FY2009 1H FY2010 1H FY2009 1H FY2010 1H ( 09/9) ( 10/9) ( 09/9) ( 10/9) ( 09/9) ( 10/9)

26 Consolidated: Forecast for FY2010 Full Year Page 25 Higher earnings on higher sales FY2010 Forecast Previous Forecast FY2009 Actual result Net sales 2,550 bln yen 2,500 bln yen 2,469.1 bln yen Operating income 100 bln yen 80 bln yen 79.4 bln yen Ordinary income 110 bln yen 95 bln yen 93.8 bln yen Net income 35 bln yen 30 bln yen 28.9 bln yen ForEX rates US$ 84 yen 90 yen 93 yen (2nd half: 80 yen) Euro 112 yen 115 yen 131 yen (2nd half: 110 yen)

27 Consolidated: Forecast for FY2010 Full Year Factors of Change in Operating Income Page Change in sales, model mix Cost reduction Decrease of depreciation Effect of ForEX rate Increase of expenses Increase of R&D expenses Factors of increase Factors of decrease (+68.6) (-48.0) FY2009 Operating Income 79.4 Increase in profit (+20.6) FY2010 Operating Income

28 Consolidated: Forecast for FY2010 Full Year Page Capital Expenditure Depreciation R&D Expenses FY2009 FY2010 Forecast FY2009 FY2010 Forecast FY2009 FY2010 Forecast

29 Motorcycle: Production Volume Page 28 (Unit: thousands ) Others Asia First half 1,346 1, Full year 2,902 2, Change in plan: -90 2, , ,512 2,500 North America Europe Japan 1,157 1, FY2009 Previous FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Forecast Revised plan

30 Motorcycle: Sales Volume Page 29 First half (Unit: thousands ) 1,433 1,439 Others Indonesia P.R.China North America Europe Full year 3,019 3, ,587 Japan 78 Change in plan: , FY2009 Previous Forecast FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Revised plan

31 Automobile: Production Volume Page 30 First half Full year 2,545 2,684 Change in plan: ,839 (Unit: thousands ) 1,149 Asia 638 Europe Japan , , , , ,010 1,049 FY2009 Previous Forecast FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Revised plan

32 Automobile: Sales Volume Page 31 First half Full year Change in plan: ,482 2,584 2,349 (Unit: thousands ) Others India North America Europe Japan 1,105 1, FY2009 Previous Forecast FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Revised plan

33 Cash Dividends per Share Page 32 Interim dividends 6 yen (FY yen) Forecast for cash dividends: Year-end Annual 6 yen (FY yen) 12 yen (FY yen)

34 FY2010 Second Quarter Financial Results SUZUKI MOTOR CORPORATION

35 Caution with respect to Forward-Looking Statements The forward-looking statements mentioned in this document are calculated based on currently available information and assumptions and contain risks and uncertainty. t Please note that the future results may greatly vary by the changes of various factors. Those factors, which may influence the future results, include economic conditions and the trend of demand in major markets and the fluctuations of foreign exchange rate. (mainly Yen /US dollar rate, Yen/Euro rate). This document is an English translation of the original Japanese document. If there are any discrepancies between this document and the original Japanese document, the original Japanese document prevails.