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Maruti Suzuki India Limited




                              1
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.

  Maruti Suzuki undertakes no obligation to update these to reflect the
  events or circumstances thereof.

  This presentation also contains reference to the findings of various
  reports available in the public domain. Maruti Suzuki takes no
  responsibility as to their accuracy or that the company subscribes to
  those findings.


                                                                        2
About Maruti Suzuki




                      3
Company at a glance

        Equity Structure   54.21% Suzuki, 45.79% with FIs, Public
        Total Income       Rs 214, 538 Million ($ 4,291 million)

        Net Profit         Rs 12, 187 Million ($ 244 million )

        Sales              792, 167 cars
        Market Share       55% (Passenger Cars including Van type vehicles)

        Manpower           Over 7720 employees in 4 plants
        Models             13 models with over 100 variants
        Joint ventures     19 Component joint ventures
                                                                              4

$ 1 = Rs 50
Our Facilities

   Gurgaon Facility:
       300 acres
       capacity 700,000 cars/ annum
       Assembly plants 1,2,3
       Engine plants F, G and new K series
   Manesar Facility:
       500 acres
       capacity 300,000 cars/ annum
       Assembly plant 4
   Diesel Engine Joint venture – SPIL capacity 200,000 units/
   annum
   Supplier’s Park: 100 acres


Total Capacity One Million Cars
                                                                5
Gurgaon Facility




                   6
Manesar Facility




                   7
Product Portfolio- A1 & A2
A1 & Entry A2 Segment




A1< 3400mm (also in LPG) 796cc             A2 (3401-4000mm) 796 cc        A2 (3401-4000 mm) 1061cc    A2 (3401-4000 mm) 1061cc, in LPG also


Upper A2 or Premium Compact Segment




         A2 (3401-4000 mm) 1298 cc in Petrol
                  1248cc in Diesel                         A2 (3401-4000 mm) 998cc             A2 (3401-4000 mm) 1197 cc in Petrol
                                                                                                        1248cc in Diesel           8
Product Portfolio- A3

Sedan Segment




          A3 (4001-4500mm)-1290cc in
                                        A3 (4001-4500 mm)1598cc
            Petrol & 1248cc in Diesel




                                                                  9
Product Portfolio - B & C
B (MUV Segment)




                                             SUV segment 4 Wheel: 2 litr
         SUV segment 4 Wheel: 1300cc


C (Van type vehicle Segment)




                                                                           10

             C-segment- Van Type 800 cc   C-segment- Van Type 1300 cc
Sales Network
                Sales Points       Cities Covered    Sales force

800                                                                                  16000
                                                               14666       14454

                                                                                     14000
700                                                                      681
                                                    11770          600
                                                                                     12000
600

                                          8805       491                             10000

500                                                                            454
                                6903                               393
                                                                                     8000

                                           375
400
                   5150         325                                                  6000
                                                     312
                   280
300    3659
        243
                                           227                                       4000

                                197
                   182
200    161                                                                           2000




100                                                                                  0       11

      2002-03    2003-04       2004-05   2005-06    2006-07   2007-08     2008-09
Service Network
                                           Service outlets    Cities Covered

2900
                                                                                                       Service outlets, 2767
                                                                                                                                 1900
2700



2500                                                                                                                             1700




2300
                                                                                                                                 1500


2100                                                                                                     Cities Cov ered, 1314


       Service outlets, 1920
                                                                                                                                 1300
                                                                               Cities Cov ered, 1220

1900


                                                                                                                                 1100
1700     Cities Cov ered, 1001




1500                                                                                                                             900

          2003-04                2004-05   2005-06           2006-07            2007-08                   2008-09

                                                                                                                                        12
Customer Satisfaction
                 JD Power Survey-2008




For 9 years Maruti Suzuki has been the only player above industry   13

                            average
Share of Segments in the Industry
                 A1+A2+C
90%
       78%                      77%           79%      78%
                   76%
80%

70%

60%

50%

40%
                               A3
30%
       17%         19%          20%           17%      18%
20%

10%                    A4-A6
            3%          4%           3%           4%        4%
0%
       2003-04     2004-05     2005-06       2006-07   2007-08
                                                                 14
                     A1+A2+C        A3    A4-A6
Market Share over the years
                3.9                              Market share in cars and vans in %
                           12.3
                                         18.7                                0. 3%
                                                                     55
                4.3
                           12.9
                                  15.9
                                                                     54.7
                     5.1
                                  15.4
                                         16.8
                                                                     54.6
                 4.3               15.9
                                      16.6
                                                                     55.1
                 4.1                16.4
                                    16
                                                                     54.5
               2.7            14.29
                                         17.08
                                                                     55.06

            Maruti                  Hyundai      Tata           Honda
                                                                                 15

More than half the market for the past 20 years since 1986-87
Pre-owned car business

   Helps in exchange sales
   Enhances residual value thereby reducing cost of
   ownership
   Network : 315 True Value Dealers in 181 cities
   123,000 pre-owned cars sold in FY09 (growth of 22%
   over FY08)
   Over 80% translate into a new car sales



                                                        16
Exports
Cumulative Exports over the years



               52%




                                18%

  18%




                                           11%



                                      1%



                                                 17
Export Europe & others
                                   70023



                           53024
   48899

                   39295
           34781

                                           Linear Trend Line
                                           (Non Europe)




                                                      18
Financial Performance
              20000                                                                                                                               250,000
                                            PAT         Net Sales
              18000                                                                                                    178,603
                                                                                                                                       203,583
                                                                                                      145,922




                                                                                                                         17,308
              16000                                                                                                                               200,000




                                                                                                         15,620
              14000
                                                                                       120,034
              12000                                                                                                                               150,000
Rs Millions




                                                                                                                                                            Rs Millions
                                                                                                                                         12,187
                                                                                         11,891
              10000                                                     109,108

              8000                                        90,812
                                                                                                                                                  100,000
                                                                          8,540


                        70,677            72,535
              6000
                                                           5,420




              4000                                                                                                                                50,000

              2000
                             1,050




                                            1,460




                 0                                                                                                                                -
                             2




                                            3




                                                           4




                                                                          5




                                                                                         6




                                                                                                         7




                                                                                                                         8




                                                                                                                                         9
                           -0




                                          -0




                                                         -0




                                                                        -0




                                                                                       -0




                                                                                                       -0




                                                                                                                       -0




                                                                                                                                       -0
                        01




                                       02




                                                      03




                                                                     04




                                                                                    05




                                                                                                    06




                                                                                                                    07




                                                                                                                                    08
                      20




                                     20




                                                    20




                                                                   20




                                                                                  20




                                                                                                  20




                                                                                                                  20




                                                                                                                                  20
                                                                                                                                                                    19
Financial Performance
                                                  17.7%     17.5%
                                        17.1%
          EBITDA              16.6%
                    15.2%


                                                                      12.0%
                                                  10.7%
          10.1%                          9.9%                9.7%
 8.2%                          7.8%                                   PAT
                     6.0%                                              6.0%



           2.1%
 1.5%



2001-02   2002-03   2003-04   2004-05   2005-06   2006-07   2007-08   2008-09

                                                                                20
Financial Performance FY 09


   Parameters       FY’09     FY’08     Change


Net Sales (Rs Mn)   203,583   178,603    14 %
Other Income         9,985     8,371     19%
(Rs Mn)
EBIDTA (Rs Mn)      24,334    31,308     (22) %
PBT (Rs Mn)         16,759    25, 030    (33) %
PAT (Rs Mn)         12,187    17,308    (29.6) %

                                                   21
                                           21
Annual Performance Ratios

       Parameters                          (FY’09)   (FY’08)   Change


       Material cost                       79.78%    76.41%    3.37%
       Manufacturing & Admin Expense       7.70%     6.0%      1.37%
        Power & Fuel                       0.95 %    0.82%     0.13%
        Royalty                             3.3%     2.8%      0.50%
       Selling and Distribution Expenses   3.63%     3.14%     0.49%
        Transportation costs               1.44 %    0.91 %    0.53%

       Employee cost                       2.31 %    1.99%     0.32%
       EBIDTA                              11.95 %   17.53%    (5.58%)
       Depreciation                        3.47 %    3.18%     0.29%
       PBT                                 8.23 %     14%      (5.77%)
       PAT                                 5.99%     9.69%     (3.70%)
       Other Income                        4.90 %    4.69%     0.21%
                                                                         22
                                                                22
As a Percentage of Net Sales
Thank You

Investor Relations Contact:
  rahul.bharti@maruti.co.in
 neerja.bharat@maruti.co.in




                              23

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Marutisuzuki citigrp 14june08

  • 2. 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. Maruti Suzuki undertakes no obligation to update these to reflect the events or circumstances thereof. This presentation also contains reference to the findings of various reports available in the public domain. Maruti Suzuki takes no responsibility as to their accuracy or that the company subscribes to those findings. 2
  • 4. Company at a glance Equity Structure 54.21% Suzuki, 45.79% with FIs, Public Total Income Rs 214, 538 Million ($ 4,291 million) Net Profit Rs 12, 187 Million ($ 244 million ) Sales 792, 167 cars Market Share 55% (Passenger Cars including Van type vehicles) Manpower Over 7720 employees in 4 plants Models 13 models with over 100 variants Joint ventures 19 Component joint ventures 4 $ 1 = Rs 50
  • 5. Our Facilities Gurgaon Facility: 300 acres capacity 700,000 cars/ annum Assembly plants 1,2,3 Engine plants F, G and new K series Manesar Facility: 500 acres capacity 300,000 cars/ annum Assembly plant 4 Diesel Engine Joint venture – SPIL capacity 200,000 units/ annum Supplier’s Park: 100 acres Total Capacity One Million Cars 5
  • 8. Product Portfolio- A1 & A2 A1 & Entry A2 Segment A1< 3400mm (also in LPG) 796cc A2 (3401-4000mm) 796 cc A2 (3401-4000 mm) 1061cc A2 (3401-4000 mm) 1061cc, in LPG also Upper A2 or Premium Compact Segment A2 (3401-4000 mm) 1298 cc in Petrol 1248cc in Diesel A2 (3401-4000 mm) 998cc A2 (3401-4000 mm) 1197 cc in Petrol 1248cc in Diesel 8
  • 9. Product Portfolio- A3 Sedan Segment A3 (4001-4500mm)-1290cc in A3 (4001-4500 mm)1598cc Petrol & 1248cc in Diesel 9
  • 10. Product Portfolio - B & C B (MUV Segment) SUV segment 4 Wheel: 2 litr SUV segment 4 Wheel: 1300cc C (Van type vehicle Segment) 10 C-segment- Van Type 800 cc C-segment- Van Type 1300 cc
  • 11. Sales Network Sales Points Cities Covered Sales force 800 16000 14666 14454 14000 700 681 11770 600 12000 600 8805 491 10000 500 454 6903 393 8000 375 400 5150 325 6000 312 280 300 3659 243 227 4000 197 182 200 161 2000 100 0 11 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
  • 12. Service Network Service outlets Cities Covered 2900 Service outlets, 2767 1900 2700 2500 1700 2300 1500 2100 Cities Cov ered, 1314 Service outlets, 1920 1300 Cities Cov ered, 1220 1900 1100 1700 Cities Cov ered, 1001 1500 900 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 12
  • 13. Customer Satisfaction JD Power Survey-2008 For 9 years Maruti Suzuki has been the only player above industry 13 average
  • 14. Share of Segments in the Industry A1+A2+C 90% 78% 77% 79% 78% 76% 80% 70% 60% 50% 40% A3 30% 17% 19% 20% 17% 18% 20% 10% A4-A6 3% 4% 3% 4% 4% 0% 2003-04 2004-05 2005-06 2006-07 2007-08 14 A1+A2+C A3 A4-A6
  • 15. Market Share over the years 3.9 Market share in cars and vans in % 12.3 18.7 0. 3% 55 4.3 12.9 15.9 54.7 5.1 15.4 16.8 54.6 4.3 15.9 16.6 55.1 4.1 16.4 16 54.5 2.7 14.29 17.08 55.06 Maruti Hyundai Tata Honda 15 More than half the market for the past 20 years since 1986-87
  • 16. Pre-owned car business Helps in exchange sales Enhances residual value thereby reducing cost of ownership Network : 315 True Value Dealers in 181 cities 123,000 pre-owned cars sold in FY09 (growth of 22% over FY08) Over 80% translate into a new car sales 16
  • 17. Exports Cumulative Exports over the years 52% 18% 18% 11% 1% 17
  • 18. Export Europe & others 70023 53024 48899 39295 34781 Linear Trend Line (Non Europe) 18
  • 19. Financial Performance 20000 250,000 PAT Net Sales 18000 178,603 203,583 145,922 17,308 16000 200,000 15,620 14000 120,034 12000 150,000 Rs Millions Rs Millions 12,187 11,891 10000 109,108 8000 90,812 100,000 8,540 70,677 72,535 6000 5,420 4000 50,000 2000 1,050 1,460 0 - 2 3 4 5 6 7 8 9 -0 -0 -0 -0 -0 -0 -0 -0 01 02 03 04 05 06 07 08 20 20 20 20 20 20 20 20 19
  • 20. Financial Performance 17.7% 17.5% 17.1% EBITDA 16.6% 15.2% 12.0% 10.7% 10.1% 9.9% 9.7% 8.2% 7.8% PAT 6.0% 6.0% 2.1% 1.5% 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 20
  • 21. Financial Performance FY 09 Parameters FY’09 FY’08 Change Net Sales (Rs Mn) 203,583 178,603 14 % Other Income 9,985 8,371 19% (Rs Mn) EBIDTA (Rs Mn) 24,334 31,308 (22) % PBT (Rs Mn) 16,759 25, 030 (33) % PAT (Rs Mn) 12,187 17,308 (29.6) % 21 21
  • 22. Annual Performance Ratios Parameters (FY’09) (FY’08) Change Material cost 79.78% 76.41% 3.37% Manufacturing & Admin Expense 7.70% 6.0% 1.37% Power & Fuel 0.95 % 0.82% 0.13% Royalty 3.3% 2.8% 0.50% Selling and Distribution Expenses 3.63% 3.14% 0.49% Transportation costs 1.44 % 0.91 % 0.53% Employee cost 2.31 % 1.99% 0.32% EBIDTA 11.95 % 17.53% (5.58%) Depreciation 3.47 % 3.18% 0.29% PBT 8.23 % 14% (5.77%) PAT 5.99% 9.69% (3.70%) Other Income 4.90 % 4.69% 0.21% 22 22 As a Percentage of Net Sales
  • 23. Thank You Investor Relations Contact: rahul.bharti@maruti.co.in neerja.bharat@maruti.co.in 23