FY2010 Second Quarter Financial Results SUZUKI MOTOR CORPORATION 2 November 2010
Consolidated: Financial Summary Page 1 FY2010 1H FY2009 1H ( 10/4-9) ( 09/4-9) Change Net sales 1,318.8 1,181.6 +137.2 + 11.6% Operating income (Ratio) 68.8 (5.2%) 31.8 (2.7%) + 37.0 +116.1% 74.9 Ordinary income 39.1 (Ratio) (5.7%) (3.3%) 3%) (5 7%) + 35.8 + 91.8% Net income 30.4 12.5 (Ratio) (2.3%) (1.1%) + 17.9 +143.0%
Consolidated: Net Sales Page 2 1,181.6 1,318.8 (+137.2) 43% 511.3 Overseas production Overseas sales 577.5 (+66.2) 44% 20% 230.9 Domestic production Overseas sales 248.3 (+17.4) 19% Domestic production 493.0 37% 439.4 37% Domestic sales (+53.6) FY2009 1H('09/4-9) FY2010 1H('10/4-9)
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 -1.8 +57.0 +0.0 +55.2 Overseas total -9.5 +90.5 +2.5 +83.5-30.3 Europe -5.1-30.4 +0.6-34.9-25.9 North America -23.3-12.6-0.1-36.0-2.6 Asia +12.4 +99.0 +0.6 +112.0-6.4 Others +6.5 +34.5 +1.4 +42.4 +4.6 Grand total -11.3 +147.5 +2.5 +138.7-30.3 (Effect of ForEX rates conversion) -1.8-27.6-0.9-30.3
Consolidated: Operating Income Page 4 37.0 bln yen(+116.1%) 1%) increase in profit 68.8 52% 5.2% 31.8 2.7% Profit ratio FY2009 1H('09/4-9) FY2010 1H('10/4-9)
Consolidated: Ordinary Income Page 5 35.8 bln yen (+91 91.8%) increase in profit 74.9 39.1 5.7% 3.3% Profit ratio FY2009 1H('09/4-9) FY2010 1H('10/4-9)
Consolidated: Net income Page 6 17.9 bln yen (+143.0%) increase in profit 30.4 12.5 2.3% 1.1% Profit ratio FY2009 1H('09/4-9) FY2010 1H('10/4-9)
100 90 80 70 60 50 40 30 Consolidated: Factors of Change in Operating Income Change in sales, model mix +61.9 Cost reduction +10.1 Increase of expenses -14.0 Effect of ForEX rate -10.5 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)
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 -1.8 18bln yen -8.1 81bln yen -0.6 06bln yen Total -10.5 bln yen
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 37.8 42.1 (+4.3) SUZUKI 20.8 24.22 (+3.4) FY2009 1H('09/4-9) FY2010 1H('10/4-9)
Consolidated: Depreciation, R&D Expenses, Interest-Bearing Debt balance Page 10 58.1 62.5 50.4 669.3 500.5 of which Financial Services 75.5 of which Financial Services 44.3 63.5 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)
Consolidated: Cash Flows Page 11 Operating activities actvtes +166.0 Investing activities -106.8 Financing activities -41.4 Others -15.9 At beginning of period 583.5 Free cash flow 59.2 At end Cash and cash equivalents of period Increased by 1.9 bln yen 585.4
Consolidated: Cash Flows Page 12 '09/1-3 '09/4-6 '09/7-99 '09/10-1212 '10/1-3 '10/4-6 '10/7-9 Operating activities iti Investing activities +22.7 +53.8 +102.7 +73.5 +96.4 +132.8 +33.2-66.9-24.3-45.2-188.2-24.6-47.6-59.2 FCF -44.2 +29.5 +57.5-114.7 +71.8 +85.2-26.0 Financing activities +262.5 +31.9-48.2 +19.8 +99.9-19.8-21.6 Others -10.0 +4.0-6.5 +5.3 +5.4-13.4-2.5 Total amount of change +208.3 +65.4 +2.8 28-89.6 +177.1 1 +52.0-50.1
Consolidated: Operating Results by Business Page 13 Net sales 29.3 24.2 Financial 38.2 Services 131.2 21.8 1.5 Marine & Power 142.5 36 3.6 products, etc. Operating income Motorcycle 1,027.8 1,168.5 Financial Services 2.0 Marine & 2.9 Power products, etc. 68.4 Automobile 32.3-5.5 Motorcycle -4.1 FY2009 1H FY2010 1H FY2009 1H FY2010 1H ( 09/4-9) ( 10/4-9) ( 09/4-9) ( 10/4-9)
Consolidated: Operating Results by Business (Motorcycle) Page 14 142.5 131.2 (-8.0%) Net sales Operating income Operating income -5.5-4.1 41 FY2009 1H('09/4-9) FY2010 1H('10/4-9)
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)
21.8 Consolidated: Operating Results by Business (Marine and Power products, etc.) 24.22 (+11.4%) Page 16 Net sales 3.6 2.9 (+27.2%) 2%) Operating income FY2009 1H('09/4-9) Operating income FY2010 1H('10/4-9)
Consolidated: Operating Results by Business (Financial Services) Page 17 38.2 29.3 (-23.5%) Net sales 1.5 2.0 (-27.4%) Operating income FY2009 1H('09/4-9) FY2010 1H('10/4-9) Operating income
Consolidated: Operating Results by Geographical Areas Page 18 30.2 363.1 78.9 222.7 681.9 Net sales 39.2 463.7 45.5 165.5 813.4 Others Asia North America Europe Japan Operating income 0.5 25.4 3.6 8.9-8.9 North America 2.2 24.5 1.8 36.7-2.1 FY2009 1H FY2010 1H FY2009 1H FY2010 1H ( 09/4-9) ( 10/4-9) ( 09/4-9) ( 10/4-9)
681.9 Consolidated: Operating Results by Geographical Areas 813.4 (+19.3%) (Japan) Page 19 Net sales 89 8.9 36.7 (+313.4%) FY2009 1H('09/4-9) Operating income Operating income FY2010 1H('10/4-9)
Consolidated: Operating Results by Geographical Areas (Europe) Page 20 222.7 165.5 55 (-25.7%) Net sales 1.8 36 3.6 (-49.4%) Operating income FY2009 1H('09/4-9) Operating income FY2010 1H('10/4-9)
78.9 Consolidated: Operating Results by Geographical Areas Page 21 (North America) Net sales 45.5 (-42.3%) Operating loss Operating loss -8.9 89 FY2009 1H('09/4-9) -2.1 FY2010 1H('10/4-9)
363.1 Consolidated: Operating Results by Geographical Areas Page 22 (Asia) Net sales 463.7 (+27.7%) (Asia) 24.5 25.4 (-3.7%) FY2009 1H('09/4-9) Operating Operating income income FY2010 1H('10/4-9)
Consolidated: Operating Results by Geographical Areas 39.2 (+29.8%) (Others) Page 23 30.2 Net sales 0.5 Operating income FY2009 1H('09/4-9) 2.2 (+332.2%) 2%) Operating income FY2010 1H('10/4-9)
Consolidated:Number of Consolidated Subsidiaries, Equity Method Affiliates and Employees Page 24 137 139 51,651 52,759 Consolidated Subsidiaries 37 36 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)
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)
Consolidated: Forecast for FY2010 Full Year Factors of Change in Operating Income Page 26 140 120 100 Change in sales, model mix +36.6 Cost reduction +20.0 Decrease of depreciation +12.0 Effect of ForEX rate -33.0 Increase of expenses -14.0 Increase of R&D expenses -1.0 80 60 Factors of increase Factors of decrease (+68.6) (-48.0) 40 20 FY2009 Operating Income 79.4 Increase in profit (+20.6) FY2010 Operating Income 100.0 0
Consolidated: Forecast for FY2010 Full Year Page 27 131.2 170.0 141.8 130.00 108.8 110.0 Capital Expenditure Depreciation R&D Expenses FY2009 FY2010 Forecast FY2009 FY2010 Forecast FY2009 FY2010 Forecast
Motorcycle: Production Volume Page 28 (Unit: thousands ) Others Asia First half 1,346 1,418 98 78 Full year 2,902 2,989 175 252 Change in plan: -90 2,899 187 2542 2,542 2512 2,512 2,500 North America Europe Japan 1,157 1,244 1 3 9 9 81 85 20 3 20 4 15 5 162 201 192 FY2009 Previous FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Forecast Revised plan
Motorcycle: Sales Volume Page 29 First half (Unit: thousands ) 1,433 1,439 Others Indonesia P.R.China North America Europe 330 241 699 49 69 46 410 277 627 28 54 43 Full year 3,019 3,137 699 472 1,587 Japan 78 Change in plan: -167 2,970 104 79 0 0 0 78 FY2009 Previous Forecast FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Revised plan
Automobile: Production Volume Page 30 First half Full year 2,545 2,684 Change in plan: +155 2,839 (Unit: thousands ) 1,149 Asia 638 Europe Japan 91 420 1,423 794 82 547 1,406 180 1,508 166 1625 1,625 165 959 1,010 1,049 FY2009 Previous Forecast FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Revised plan
Automobile: Sales Volume Page 31 First half Full year Change in plan: +102 2,482 2,584 2,349 (Unit: thousands ) Others India North America Europe Japan 1,105 1,255 534 292 238 871 521 41 406 281 26 16 149 119 622 286 307 FY2009 Previous Forecast FY2009 1H FY2010 1H Forecast ( 09/4-9) ( 10/4-9) At beginning of period Revised plan
Cash Dividends per Share Page 32 Interim dividends 6 yen (FY2009 5 yen) Forecast for cash dividends: Year-end Annual 6 yen (FY2009 7 yen) 12 yen (FY2009 12 yen)
FY2010 Second Quarter Financial Results SUZUKI MOTOR CORPORATION
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.