fy2012financial results - global suzuki · suzuki motor corporation may 9, 2013 ... 115.0 93.7...

Alto Eco

FY2012FY2012FY2012FY2012 Financial ResultsFinancial ResultsFinancial ResultsFinancial Results

SUZUKI MOTOR CORPORATION

May 9, 2013

The No.1fuel efficiency of

gasoline vehicles ※2

※1 Fuel consumption rates are values under the specified

conditions. The actual fuel consumption rates may vary

based on customers' driving conditions (weather, traffic

congestion, etc.) and or driving methods (sudden acceler-

ation, use of air conditioners, etc).

※2 2WD. Measured under the JC08 mode test cycle (Ministry

of Land, Infrastructure, Transport and Tourism). Excluding

hybrid vehicles. Suzuki's internal data as of February 2013.

PagePagePagePage2222

・Increased sales for the first time in 2 periods, Increased income for 4 consecutive periods

and The highest ever net income

FY2012 FY2011

(’12/4- (’11/4-

’13/3) ’12/3)

2,578.3 2,512.2 ＋66.1 ＋2.6% 2,600.0 -21.7 -0.8%

Japan 1,040.9 986.8 ＋54.1 ＋5.5% 1,000.0 ＋40.9 ＋4.1%

Overseas 1,537.4 1,525.4 ＋12.0 ＋0.8% 1,600.0 -62.6 -3.9%

144.6 119.3 130.0

(5.6%) (4.7%) (5.0%)

155.6 130.6145.0

(6.0%) (5.2%)(5.6%)

80.4 53.970.0

(3.1%) (2.1%)(2.7%)

Ratio

Forecast

at the end of

FY2012 Q3

＋14.6 ＋11.2%

（Margin）

Change In comparison with previous forecast

Ratio Change

Net Sales

Operating Income

＋25.3 ＋21.2%

＋14.8%

（Margin）

Ordinary Income

＋25.0 ＋19.2% ＋10.6 ＋7.3%

（Margin）

Net Income

＋26.5 ＋49.2% ＋10.4

Consolidated: Financial Summary

（Billions of yen）


FY2012

('12/4-

'13/3)

FY2011

('11/4-

'12/3)

Change

FY2012

('12/4-

'13/3)

FY2011

('11/4-

'12/3)

Change

FY2012

('12/4-

'13/3)

FY2011

('11/4-

'12/3)

Change

FY2012

('12/4-

'13/3)

FY2011

('11/4-

'12/3)

Change

22.2 22.4 -0.2 1,000.0 946.4 ＋53.6 18.7 18.0 ＋0.7 1,040.9 986.8 ＋54.1

208.1 232.4 -24.3 1,297.8 1,262.6 ＋35.2 31.5 30.4 ＋1.1 1,537.4 1,525.4 ＋12.0 -66.9

Europe 30.6 42.4 -11.8 245.7 299.7 -54.0 10.2 8.8 ＋1.4 286.5 350.9 -64.4 -4.9

N. America

37.7 37.8 -0.1 45.2 55.9 -10.7 12.7 11.6 ＋1.1 95.6 105.3 -9.7 ＋4.1

Asia 102.4 108.5 -6.1 880.4 773.7 ＋106.7 2.6 4.1 -1.5 985.4 886.3 ＋99.1 -65.5

Others 37.4 43.7 -6.3 126.5 133.3 -6.8 6.0 5.9 ＋0.1 169.9 182.9 -13.0 -0.6

230.3 254.8 -24.5 2,297.8 2,209.0 +88.8 50.2 48.4 +1.8 2,578.3 2,512.2 +66.1 -66.9

Overseas

total

Japan

total

Grand

total

of which

effect of

ForEX rates

conversion

-1.9 -66.9+0.5-65.5

Total of which

effect of

ForEX rates

conversion

Motorcycle Automobile

Marine & Power

products, etc.

(Billions of Yen)

Consolidated: Net Sales


Factors of increase＋70.5 Factors of decrease-45.2

Operating income ＋25.3

144.6

-6.9

-9.5

-28.8

＋9.4

＋28.4

＋32.7

119.3

Change in sales,

model mix

of which raw

materials

+7.2

Cost

reduction Effect of

ForEX

rates

Increase of

R&D

expenses

Increase of

various

expenses

Decrease of

depreciation

expenses

Consolidated:

Factors of Change in Operating Income

(Billions of Yen)

FY2011

Operating

income

FY2012

Operating

income


FY2012 FY2011

('12/4-'13/3) ('11/4-'12/3)

U.S. Dollar 83yen 79yen +4yen ＋2.9bln yen

Euro 107yen 109yen -2yen -1.1bln yen

Indian rupee 1.54yen 1.68yen -0.14yen -9.0bln yen

100

Indonesian Rupiah

0.88yen 0.91yen -0.03yen -1.2bln yen

Others －－－＋1.5bln yen

Total　　　　　　　　　　　　　　　　　　　　　　

-6.9bln yen

Change

Effect of ForEX rates

in operating income

Consolidated:

Foreign Exchange Rates


FY2012 FY2011

Change

('12/4-'13/3) ('11/4-'12/3)

（Non-consolidated） 46.8 26.9 ＋19.9

（Subsidiaries） 122.5 99.8 ＋22.7

Capital Expenditures 169.3 126.7 ＋42.6

Depreciation

Expenses

93.7 103.1 -9.4

R&D Expenses 119.3 109.8 ＋9.5

FY2012 FY2011 FY2012 Q3

('13/3) ('12/3) Change ('12/12) Change

Interest-Bearing

Debt balance

427.5 439.8 -12.3 439.9 -12.4

Consolidated:

Capital Expenditures, Depreciation Expenses,

R&D Expenses and Interest-Bearing Debt balance

（Billions of Yen）


661.1

＋4.7

-210.6

＋190.1

710.5

-33.6

Operating

Ｃ／Ｆ

Investing

Ｃ／Ｆ

Free C/F

-20.5

Cash Balance -49.4

Other

Financing

Ｃ／Ｆ

At beginning

of period

At end

of period

Consolidated： Cash Flows

(Billions of Yen)


《Marine & Power

products, etc.》

《Automobile》《Motorcycle》

254.8

230.3

(-24.5、-9.6 %)

-2.4

-11.9

2,209.0

(＋88.8、＋4.0%)

114.5

2,297.8

(＋36.1、＋31.5%)

150.6

7.2

(▲1.3、▲17.7%)

(＋1.8、＋3.6%)

48.4 50.2

5.9

(-9.5、Increased loss)

FY2011

’11/4-’12/3

FY2012

’12/4-’13/3

FY2011

’11/4-’12/3

FY2012

’12/4-’13/3

FY2012

’12/4-’13/3

FY2011

’11/4-’12/3

Consolidated: Operating Results by Business

(Net sales, Operating income)


Net salesNet salesNet salesNet sales

FY2011

FY2012

Operating Operating Operating Operating

incomeincomeincomeincome

FY2011

FY2012


《Others 》《Europe》《Asia》《Japan》

1,546.2

1,552.1

(＋5.9、＋0.4%)

306.7

258.3

(-48.4、-15.8%)

869.2

981.0

(＋111.8、＋12.9%)

177.4

169.1

(-8.3、-4.7%)

79.6

102.5

(＋22.9、＋28.8%)

2.2

-1.1

(-3.3、 Incur loss)

31.6

38.1

(＋6.5、＋20.5%)

2.63.1

(＋0.5、＋19.1%)

FY2011

’11/4-’12/3

FY2012

’12/4-’13/3

FY2011

’11/4-’12/3

FY2012

’12/4-’13/3

FY2011

’11/4-’12/3

FY2012

’12/4-’13/3

FY2011

’11/4-’12/3

FY2012

’12/4-’13/3

Consolidated: Operating Results by Business

(Net sales, Operating income)


Net salesNet salesNet salesNet sales

FY2011

FY2012

Operating Operating Operating Operating

incomeincomeincomeincome

FY2011

FY2012


FY2012 FY2011 FY2012 Q3

('13/3) ('12/3) Change ('12/12) Change

Consolidated

Subsidiaries

135 138 -3 135 ±0

Equity Method

Affiliates

37 37 ±0 36 ＋1

Employees 55,948 54,484 ＋1,464 55,754 ＋194

Consolidated:

Number of Consolidated Subsidiaries,

Equity Method Affiliates and Employees


Forecast FY 2012 Results Change

2,800.0 2,578.3 +221.7 1,300.0

150.0 144.6 +5.4 70.0

165.0 155.6 +9.4 75.0

90.0 80.4 +9.6 45.0

U.S. Dollar 90yen 83yen ＋ 7yen 90yen

Euro120yen 107yen ＋13yen 120yen

Indian rupee1.70yen 1.54yen +0.16yen 1.70yen

100 Indonesian Rupiah

0.93yen 0.88yen ＋0.05yen 0.93yen

270.0 169.3 +100.7

115.0 93.7 +21.3

130.0 119.3 +10.7

≪Factors of Change in Operating Income≫

＋28.0 -21.0

Effect of ForEX rates ＋26.0 -20.0

Change in sales, model mix＋3.4 -11.0

Total ＋57.4 Total -52.0

Increase of depreciation expenses

Increase of R&D expenses

Increase of various expenses

Net income

FOREX

Rates

Capital Expenditures

Cost reduction

Depreciation Expenses

R&D Expenses

First Half

Forecast

Net sales

Operating income

Ordinary income

Full Year

Consolidated: Forecasts for Next Fiscal YearConsolidated: Forecasts for Next Fiscal YearConsolidated: Forecasts for Next Fiscal YearConsolidated: Forecasts for Next Fiscal Year



2,179

1,992

203

90

169174

1311

67

FY2011 FY2012

Others

Asia

North

America

Europe

Japan

≪Three Months Comparison≫≪Full Year Comparison≫

’11/4-’12/3

（-305, -11.9%）（-84, -13.2%）

2,574

2,269

528471

52

23

50 52

3 4

2 1

FY2011 FY2012

Others

Asia

North

America

Europe

Japan

635

551

’12/4-’13/3

Production Volume of Motorcycles

（Thousand units）

4th Quarter

’12/1-3

4th Quarter

’13/1-3



（-78, -12.7%）（-277, -10.7%）

59

51

20 21

14 9

1712

503

442

FY2011 FY2012

Others

Asia

North

America

Europe

Japan

613

5352,059

1,911

336

233

78 76

67 47

49 44

FY2011 FY2012

Others

Asia

North

America

Europe

Japan

2,589

2,312

’11/4-’12/3 ’12/4-’13/3

Sales Volume of Motorcycles


4th Quarter

’12/1-3

4th Quarter

’13/1-3


≪Full Year Comparison≫

（-148, -7.2%）（-61, -12.1%）

Hayate(India)

Access & Swish(India)

908

802

752

628

339

414

60

67

FY2011 FY2012

Others

India

ASEAN

China

2,059

1,911

186 165

194

160

106

99

17

18

FY2011 FY2012

Others

India

ASEAN

China

503

442

’11/4-’12/3 ’12/4-’13/3


by Geographical Areas (Asia)


≪Three Months Comparison≫

4th Quarter

’12/1-3

4th Quarter

’13/1-3

※ASEAN； Total of 5 countries - Indonesia, Malaysia, Thailand, Philippines and Vietnam


≪Full Year Comparison≫

（-124, -16.5%）（-34, -17.4%）

488

389

97

94

81

73

87

73

FY2011 FY2012

Others

Thailand

Philippines

Indonesia

752

628

127

97

20

28

27

19

15

21

FY2011 FY2012

Others

Thailand

Philippines

Indonesia

194

160

’11/4-’12/3 ’12/4-’13/3

BlackFire Edition(Indonesia)

■Black Fire Edition

・Stylish special coloring

whose basic is black and

red features

nex, Smash Titan and Satria

(February 2013)


by Geographical Areas (ASEAN)

4th Quarter

’12/1-3

4th Quarter

’13/1-3


≪Three Months Comparison≫


Satria

Smash Titannex


≪Full Year Comparison≫ ≪Three Months Comparison≫

（-15, -1.9%）（＋76, ＋2.7%）

482490

270252

42 37

FY2011 FY2012

Asia

Europe

Japan

795779

of which

CBUs:257

of which

CBUs:242

’11/4-’12/3 ’12/4-’13/3

174

1,0441,020

151

1,6831,609

FY2011 FY2012

Asia

Europe

Japan

2,803 2,878

of which

CBUs:960

of which

CBUs:1,001

Production Volume of Automobiles


4th Quarter

’12/1-3

4th Quarter

’13/1-3



（＋100, ＋3.9%）（-19, -2.5%）

223

1,550

1,588

160

174

596672

197

3230

FY2011 FY2012

Others

Asia

North

America

Europe

Japan

2,560

2,660

55

465 451

4043

195 194

49

8 7

FY2011 FY2012

Others

Asia

North

America

Europe

Japan

763 744

’11/4-’12/3 ’12/4-’13/3

Sales Volume of Automobiles


4th Quarter

’12/1-3

4th Quarter

’13/1-3


44%

23%

14%

11%

3%

5%

Japan

India

Europe

Asia

North America Others

Achieved in March

Japanese domestic sales 21.95 million

（Including 20.28 million mini-vehicles）

Overseas Sales 28.05 million

≪≪≪≪Japanese Domestic Sales≫

・”Suzulight” mini vehicle was launched in October 1955

・First subcompact sized vehicle “Fronte800” was launched in 1965

・Suzuki has been delivering creative and superior value to the customers

≪Overseas Sales≫

・Export of Suzulight was started in 1959

・As well as 3 plants in Japan, Suzuki has 12 production bases in 11 countries and

regions including India, Hungary, Thailand and Indonesia

・Favored in 179 countries and regions worldwide

Accumulated Worldwide Automobile

Sales of 50 million units


（＋76, ＋12.7%）（-1, -0.7%）

Spacia

Alto Eco

586

516

85

80

FY2011 FY2012

Sub-

compact

and

standar

d-sized

vehicle

Mini-

vehicle

596

672

169 170

26 23

FY2011 FY2012

Sub-

compact

and

standard-

sized

vehicle

Mini-

vehicle

195194

’11/4-’12/3 ’12/4-’13/3


by Geographical Areas (Japan)


4th Quarter

’12/1-3

4th Quarter

’13/1-3



（＋38, ＋2.5%）（-14, -3.0%）

Swift(from Thailand)

321 309

7668

3050

38 24

FY2011 FY2012

Others

ASEAN

China

India

465 451

1,0061,051

121186

126

98

296253

FY2011 FY2012

Others

ASEAN

China

India

1,5501,588

’11/4-’12/3 ’12/4-’13/3


by Geographical Areas (Asia)


4th Quarter

’12/1-3

4th Quarter

’13/1-3




DZire

（＋45, ＋4.4%）（-13, -3.9%）

Ertiga

243

393

764

658

24%

37%

FY2011 FY2012

Petrol engine car

Diesel engine car

Percentage of DE

1,006

1,051

87112

235 197

27%

36%

FY2011 FY2012

Petrol engine car

Diesel engine car

Percentage of DE

321309

’11/4-’12/3 ’12/4-’13/3


by Geographical Areas (India)

（Thousand units）≪Three Months Comparison≫≪Full Year Comparison≫

4th Quarter

’12/1-3

4th Quarter

’13/1-3


（＋66, ＋54.3%）（＋20, ＋66.7%）

Ertiga (from Indonesia)

94

139

10

33

9

7

8

7

FY2011 FY2012

Others

Thailand

Malaysia

Indonesia

121

186

23

37

10

2

2

1

2

2

FY2011 FY2012

Others

Thailand

Malaysia

Indonesia

30

50

’11/4-’12/3 ’12/4-’13/3

OTOMOTIF 2013

Car of The Year Award


by Geographical Areas (ASEAN)



4th Quarter

’12/1-3

4th Quarter

’13/1-3



FY2013 FY2013

Forecasts Results Change Forecasts Results Change

Japan 191 169 ＋22 78 76 ＋2

Europe － 13 -13 49 47 ＋2

N.America 6 6 ＋0 60 44 ＋16

Asia 2,360 1,992 ＋368 2,246 1,911 ＋335

Others 126 90 ＋36 246 233 ＋13

Total 2,683 2,269 ＋414 2,679 2,312 ＋367

Japan 943 1,044 -101 660 672 -12

Europe 176 151 ＋25 220 197 ＋23

N.America 3 30 -27

Asia 1,847 1,683 ＋164 1,756 1,588 ＋168

Others 164 174 -10

Total 2,968 2,878 ＋90 2,803 2,660 ＋143

Motorcycle

Autom

obile

Full Year Production Full Year Sales

FY2012 FY2012

Production and Sales:

Forecasts for Next Fiscal Year



FY2012

('12/4-'13/3)

FY2011

('11/4-'12/3)

Change

%

Net Sales 1,422.6 1,383.3 ＋ 39.3 ＋ 2.8%

Japan 911.5 823.9 ＋ 87.6 ＋10.6%

Overseas 511.1 559.4 - 48.3 - 8.6%

Operating Income 76.4 50.1

＋ 26.3 ＋52.6%

（ margin ） (5.4%) (3.6%)

Ordinary Income 76.7 49.9

＋ 26.8 ＋53.9%

（ margin ）(5.4%) (3.6%)

Net Income36.4 15.8

＋ 20.6 ＋129.7%

（ margin ）(2.6%) (1.1%)

・Increased sales for the first time in 2 periods, Increased income in 4 consecutive

periods and the highest ever operating and ordinary income

Non-Consolidated:

Financial Summary



FY2012

In comparison

with FY 2011

In comparison with

previous forecastFY2013

ForecastFY 2011

Result

Change

Previous

forecast

Change

Interim

dividends

8yen 7yen ＋1yen 8yen ±0 yen 8yen

Year-end

dividends

10yen

（Plan）

8yen ＋2yen 8yen ＋2 yen 10yen

Annual

dividends

18yen

（Plan）

15yen ＋3yen 16yen ＋2 yen 18yen

・On the basis of the highest ever consolidated net income,

year-end dividends will be up by 2 yen from previous forecast

・Annual dividends will be up by 3 yen from previous period

Cash Dividends per ShareCash Dividends per ShareCash Dividends per ShareCash Dividends per Share

・Suzuki unified its compact-car know-how

with four wheel drive technology

・Suzuki has made its first C-segment

cross-over model

“Distinctive cross-over style”

“Class-leading space for passengers and luggage”

“Next generation 4WD performance”

“One of the lowest CO2 emissions in the segment

are the theme of development of the new SX4

The new SX4 will be built at Magyar Suzuki plant in

Hungary and the car will be on sale in Europe from

this autumn onwards

The launch of the car marks the start of export to

countries outside Europe.

New SX4

FY2012FY2012FY2012FY2012 FinancialFinancialFinancialFinancial ResultsResultsResultsResults

SUZUKI MOTOR CORPORATION


Caution with respect to ForwardCaution with respect to ForwardCaution with respect to ForwardCaution with respect to Forward----Looking StatementsLooking StatementsLooking StatementsLooking Statements

The forward-looking statements mentioned in this presentation

are based on currently available information and assumptions,

contain risks and uncertainty and do not constitute guarantees

of future achievement.

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 rates

(mainly U.S. dollar/Yen rate, Euro/Yen rate,

Indian Rupee/Yen rate).

[English translation from the original Japanese language document]

fy2012financial results - global suzuki · suzuki motor corporation may 9, 2013 ... 115.0 93.7...

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