FY2009 Financial Results SUZUKI MOTOR CORPORATION 10 May 2010
Consolidated: Financial Summary Page2 FY2009 FY2008 FY2009 Cumulative Cumulative Change 4th Quarter 4th Quarter FY2008 4th Quarter 09/4-10/3 08/4-09/3 10/1-3 09/1-3 Change (Billion Yen) (A) (B) (A)-(B) (C) (D) (C)-(D) Net sales 2,469.1 3,004.8-535.7 +20.2 (-17 690.3 670.1 17.8%) (+3.0%) Operating 79.4 76.9 +2.5 29.6 10.4 +19.2 (+3.2%) (+182.7%) (Ratio) (3.2%) (2.6%) (4.3%) (1.6%) Ordinary 93.8 79.7 +14.1 36.0 8.2 (+17.8%) (Ratio) (3.8%) (2.7%) (5.2%) (1.2%) +27.8 (+341.0%) Net 28.9 27.4 +15 +1.5 13.4 58 5.8 (+5.4%) (Ratio) (1.2%) (0.9%) (1.9%) (0.9%) +76 +7.6 (+131.5%)
Consolidated: Net Sales Page3 3,004.8 2,469.1 (-535.7) 41% 1,242.3 Overseas production Overseas sales 1,010.1 (-232.2 232.2) 2) 41% 27% 32% 797.0 Domestic 506.4 production Overseas sales (-290.6) 965.5 Domestic production 952.6 Domestic sales (-12.9) 20% 39% FY2008(08/4-09/3) FY2009(09/4-10/3)
Excluding Financial Services Consolidated: Net Sales (Year-to-Year Comparison) (Influence of Motorcycle Automobile Marine & Power products, etc. Total exchange Domestic total -12.2 +1.7-3.9-14.4 Page4 fluctuations) Overseas total -179.2-326.0-17.4-522.6-170.8 Europe -46.3-234.6-5.7-286.6 6-50.2 North America -45.8-53.0-4.2-103.0-10.5 Asia -46.7 +29.4-2.8-20.1-90.3 Others -40.4 4-67.8-4.7-112.9-19.8 Grand total -191.4-324.3-21.3-537.0-170.8 (Influence of exchange fluctuations) -23.3-145.7-1.8-170.8
Consolidated: Operating Income Page5 2.5(+3.2%) increase in profit 76.9 79.4 2.6% 32% 3.2% Profit ratio FY2008(08/4-09/3) FY2009(09/4-10/3)
Consolidated: Ordinary Income Page6 14.1(+17.8%) increase in profit 79.7 93.8 38% 3.8% 2.7% Profit ratio FY2008(08/4-09/3) FY2009(09/4-10/3)
Consolidated: Net Page7 1.5(+5.4%) increase in profit 27.4 28.9 1.2% 0.9% Profit ratio FY2008(08/4-09/3) FY2009(09/4-10/3)
Consolidated: Factors of Change in Operating Income Page8 200 180 160 140 120 100 80 Decrease of operating expenses +96 2 Cost reduction +17.2 Decrease of R&D expenses +6.2 Change in sales, model mix -69.6 +96.2 Effect of ForEX rate -46.9 Increase of depreciation -0.6 60 40 20 0 FY2008 Operating 76.9 Factors of increase (+119.6) Increase in profit (+2.5) Factors of decrease (-117.1) FY2009 Operating 79.4 (Change in sales, model mix includes influence of raw material prices +28.1)
Consolidated: Foreign Exchange Rates Page9 U.S. Dollar Euro Others FY2009 93 Yen 131 Yen ー (09/4-10/3) FY2008 (08/4-09/3) 101 Yen 144 Yen ー Change -8 Yen -13 Yen ー Effect of ForEX rates -8.2 bln.yen -10.5 bln.yen -28.2 bln. Yen Total -46.9 bln. Yen
216.2 Main affiliates 12.22 Consolidated: Capital Expenditures (including amount of main affiliates) Page10 Subsidiaries SUZUKI 101.7 102.3 131.2 (-85.0) 11.0 (-1.2) 66.1 (-35.6) 54.1 (-48.2) FY2008(08/4-09/3) FY2009(09/4-10/3)
Consolidated: Depreciation, R&D Expenses, Interest-Bearing Debt Page11 681.3 547.0 141.2 141.8 115.0 108.88 including Financial services 82 5 including Financial services 64.4 82.5 64.4 Depreciation R&D expenses Interest-bearing debt FY2008 FY2009 FY2008 FY2009 FY2008 FY2009 (08/4-09/3) (09/4-10/3) (08/4-09/3) (09/4-10/3) (09/3) (10/3)
Consolidated: Cash Flows Page12 Operating activities +326.4 Investment activities -282.3 Financing activities +103.4 Other +8.2 At beginning of FY2009 427.8 Free cash flow 44.1 Cash and cash equivalents Increased by 155.7 At end of FY2009 583.55
Consolidated: Cash Flows Page13 (Billion Yen) 08/10-1212 09/1-3 09/4-6 09/7-99 09/10-1212 10/1-3 Operating activities iti -106.8 +22.7 +53.8 +102.7 +73.5 +96.4 Investment activities -76.6-66.9-24.3-45.2-188.2-24.6 FCF -183.4-44.2 +29.5 +57.5-114.7 +71.8 Financing activities +7.2 +262.5 +31.9-48.2 +19.8 +99.9 Others -4.1-10.0 +4.0-6.5 +5.3 +5.4 Total amount of change -180.3 +208.3 +65.4 +2.8-89.6 +177.11
Consolidated: Change in Shareholders equity ratio Page14 Shareholders equity ratio improved to 40.0% (Billion Yen) Liabilities Net assets excluding minority 09/12 Disposal of treasury stock Repayment of loans payable Conversio n of CB Other 10/3 1,371.9-121.0-29.2 69.9 1,291.6 interests 679.9 222.5 29.2 20.4 952.0 Minority interests 122.22 15.6 137.8 Total net assets 802.1 222.5 29.2 36.0 1,089.8 Total assets Shareholders h equity ratio 2,174.0 222.5-121.0 105.9 2,381.4 31.3% +6.4% +2.0% +1.3% -1.0% 40.0%
Consolidated: Business Segment Page15 78.77 66.7 454.3 Net sales 79.6 45.4 262.9 Financial Services Marine & Power products, etc. Operating 4.0 9.2 3.8 5.3 2,524.0 2,184.0 Motorcycle Automobile 69.0 90.6-6.4 Motorcycle -21.1 FY2008 FY2009 FY2008 FY2009 (08/4-09/3) (09/4-10/3) (08/4-09/3) (09/4-10/3)
454.3 Consolidated: Business Segment (Motorcycle) Page16 262.9 (-42.1%) Net sales Operating Operating -64 6.4 FY2008(08/4-09/3) -21.1 1 FY2009(09/4-10/3)
Consolidated: Business Segment (Automobile) Page17 25240 2,524.0 21840 2,184.0 (-13.5%) Net sales 90.6 69.0 (+31.2%) Operating FY2008(08/4-09/3) Operating FY2009(09/4-10/3)
Consolidated: Business Segment (Marine and Power products, etc.) Page18 66.7 45.4 (-31.9%) Net sales 92 9.2 Operating FY2008(08/4-09/3) 5.3 (-42.5%) FY2009(09/4-10/3) Operating
Consolidated: Business Segment (Financial services) Page19 78.7 79.6 (+1.1%) Net sales 3.8 4.0 (-4.5%) Operating FY2008(08/4-09/3) Operating FY2009(09/4-10/3)
Consolidated: Geographical Segment Page20 89.88 752.9 225.6 618.66 1,823.9 Net sales Others 67.4 Asia 780.6 North 128.9 America 423.5 Europe Japan 1,488.5 Operating 1.2 1.7 56.2 35.3 4.6 31 3.1 28.8 34.1-24.1 North America -11.6 FY2008 FY2009 FY2008 FY2009 (08/4-09/3) (09/4-10/3) (08/4-09/3) (09/4-10/3)
18239 1,823.9 Consolidated: Geographical Segment (Japan) 1,488.5 (-18.4%) Page21 Net sales 34.1 28.8 (+18.6%) Operating FY2008(08/4-09/3) Operating FY2009(09/4-10/3)
618.66 Consolidated: Geographical Segment (Europe) Net sales 423.5 (-31.5%) Page22 4.6 3.1 (+46.8%) Operating FY2008(08/4-09/3) Operating FY2009(09/4-10/3)
225.6 Consolidated: Geographical Segment (North America) Page23 Net sales 128.9 (-42.9%) Operating Operating -24.1 FY2008(08/4-09/3) ー 11.6 FY2009(09/4-10/3)
Consolidated: Geographical Segment (Asia) 780.6 752.9 (+3.7%) Page24 Net sales 35.33 56.2 (+59.0%) Operating FY2008(08/4-09/3) Operating FY2009(09/4-10/3)
Consolidated: Geographical Segment (Asia) Page25 Maruti Suzuki India Ltd. (India) celebrates production of one million cars this fiscal year 1200 1000 Unit: thousands 800 1,028 600 400 540 572 667 777 774 200 0 05/3 06/3 07/3 08/3 09/3 10/3
Consolidated: Geographical Segment (Others) Page26 89.8 67.4 (-24.9%) Net sales 1.2 1.7 (-30.0%) Operating FY2008(08/4-09/3) Operating FY2009(09/4-10/3)
Consolidated:Number of Consolidated subsidiaries, Equity method affiliates, Employees Page27 51,503 140 138 50,613 37 35 Consolidated subsidiaries Equity method affiliates Employees FY2008 FY2009 FY2008 FY2009 FY2008 FY2009 (09/3) (10/3) (09/3) (10/3) (09/3) (10/3)
Consolidated: Inventory Page28 (08/1-3) (08/4-6) (08/7-9) (08/10-12) (09/1-3) (09/4-6) (09/7-9) (09/10-12) (10/1-3) 923.7 440.8 910.4 (-13.3) 398.3 809.5 (-100.9) 385.0 Inventory(bln. Yen) 614.8 (-194.7) 412.8 670.1 (+55.3) 324.5 (311.9) (279.7) -32.22 (255.2) (223.2) 2) -24.5-32.0 (193.3) -29.9 (Overseas inventory)(bln. Yen) 577.1 (-93.0) 303.6 604.5 (+27.4) 597.2 (-7.3) 690.3 (+93.1) Net sales (bln. Yen) 259.9 258.4 236.2 (184.8) -8.5 (155.6) (152.6) (149.7) -29.2-3.0-2.9 08/3 08/6 08/9 08/12 09/3 09/6 09/9 09/12 10/3
Consolidated: FY2010 Forecast Page29 Sales and earnings remain unchanged from the previous year FY2010 FY2009 Forecast Actual result Net sales 2,500.0 2,469.1 Operating 80.0 79.4 Ordinary y 95.0 93.8 Net 30.0 28.9 ForEX rate U.S. Dollar 90 Yen 93 Yen Euro 115 Yen 131 Yen
Consolidated: FY2010 Forecast Factors of Change in Operating Income Page30 100 80 Cost reduction +17.0 Decrease of depreciation +12.0 Effect of ForEX rate -24.0 60 Change in sales, model mix -3.4 34 Increase of R&D expenses -1.0 FY2009 Operating 40 Income Factors of increase Factors of decrease 79.4 (+29.0) (-28.4) FY2010 Operating 80.0 20 Increase in profit (+0.6) 0
Consolidated: FY2010 Forecast Page31 131.2 170.0 141.8 130.00 108.8 110.0 Capital expenditure Depreciation R&D expenses FY2009 FY2010 FY2009 FY2010 FY2009 FY2010
Production: Motorcycle Page32 Unit: thousands Others 3,305305 2,989(+3.0%) 379 2,902(-12.2%) 175 Forecast 252 Asia North America 2,571 2,542 2,512 Europe Japan 11 3 32 20 312 162 4 20 201 FY2008 FY2009 FY2010 Forecast (08/4-09/3) (09/4-10/3) (10/4-11/3)
Sales: Motorcycle Page33 Unit: thousands Others 3,350350 3,137(+4.0%) 3,017(-9.9%) Forecast 924 699 Indonesia 672 472 PRC North America Europe Japan 1,320 157 150 128 1,585 79 104 78 FY2008 FY2009 FY2010 Forecast (08/4-09/3) (09/4-10/3) (10/4-11/3)
Production: Automobile Page34 2,684(+5.5%) Unit: thousands 2,494 2,545(+2.1%) Forecast Asia North America Europe 1,088 7 260 1,406 180 1,508 166 Japan 1,139139 959 1010 1,010 FY2008 FY2009 FY2010 Forecast (08/4-09/3) (09/4-10/3) (10/4-11/3)
Sales: Automobile Page35 Unit: thousands Others 2,482 (+5.7%) 19%) 2,305 2,349(+1.9%) Forecast 2 305 2 349 531 534 India North America Europe Japan 722 85 302 665 871 41 281 622 FY2008 FY2009 FY2010 Forecast (08/4-09/3) (09/4-10/3) (10/4-11/3)
Quarterly Performance (Net sales Operating ) Page36 FY2008(08/4~09/3) <Net sales> FY2009(09/4~10/3) 910.4 809.5 614.8 670.1 577.1 604.5 597.2 690.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q <Operating > 33.8 26.9 24.9 29.6 10.4 18.0 5.8 6.9 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Quarterly Performance ( Production ) Page37 FY2008(08/4~09/3) <Motorcycle> FY2009(09/4~10/3) Unit: thousands 897 935 857 616 619 727 793 762 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 <Automobile> 683 639 596 575 564 586 663 733 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Non-Consolidated: Net sales profit Page38 (Net sales) 16858 1,685.8 1,286.6 6 (-23.7%) (Operating ) 11.4 12.0 (+5.1%) FY2008 (08/4-09/3) FY2009 (09/4-10/3) FY2008 FY2009 (08/4-09/3) (09/4-10/3) (Ordinary ) 12.1 (+192.1%) (Net ) 4.1 3.3 7.1 (+115.6%) FY2008 (08/4-09/3) FY2009 (09/4-10/3) FY2008 (08/4-09/3) FY2009 (09/4-10/3)
Cash dividends per share Page39 Annual 12 Yen(FY2008: 16 Yen) Interim dividends 5 Yen(FY2008: 8 Yen) Year end-dividends 7 Yen(FY2008 8 Yen) FY2010 Forecast 12 Yen Interim dividends 6 Yen Year end-dividends 6 Yen
FY2009 Financial Results Across the generations. Through the ages. Thank you, 40 th Anniversary of Jimny debut. LJ10(1970) SJ30(1981) JA11(1990) JA22(1995) 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.