FY2012Financial Results - Global Suzuki · SUZUKI MOTOR CORPORATION May 9, 2013 ... 115.0 93.7...
Transcript of 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)
PagePagePagePage3333
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
PagePagePagePage4444
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
PagePagePagePage5555
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
PagePagePagePage6666
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)
PagePagePagePage7777
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)
PagePagePagePage8888
《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)
(Billions of Yen)
Net salesNet salesNet salesNet sales
FY2011
FY2012
Operating Operating Operating Operating
incomeincomeincomeincome
FY2011
FY2012
PagePagePagePage9999
《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)
(Billions of Yen)
Net salesNet salesNet salesNet sales
FY2011
FY2012
Operating Operating Operating Operating
incomeincomeincomeincome
FY2011
FY2012
PagePagePagePage10101010
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
PagePagePagePage11111111
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
(Billions of Yen)
PagePagePagePage12121212
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
PagePagePagePage13131313
≪Three Months Comparison≫≪Full Year Comparison≫
(-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
(Thousand units)
4th Quarter
’12/1-3
4th Quarter
’13/1-3
PagePagePagePage14141414
≪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
Sales Volume of Motorcycles
by Geographical Areas (Asia)
(Thousand units)
≪Three Months Comparison≫
4th Quarter
’12/1-3
4th Quarter
’13/1-3
※ASEAN; Total of 5 countries - Indonesia, Malaysia, Thailand, Philippines and Vietnam
PagePagePagePage15151515
≪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)
Sales Volume of Motorcycles
by Geographical Areas (ASEAN)
4th Quarter
’12/1-3
4th Quarter
’13/1-3
※ASEAN; Total of 5 countries - Indonesia, Malaysia, Thailand, Philippines and Vietnam
≪Three Months Comparison≫
(Thousand units)
Satria
Smash Titannex
PagePagePagePage16161616
≪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
(Thousand units)
4th Quarter
’12/1-3
4th Quarter
’13/1-3
PagePagePagePage17171717
≪Three Months Comparison≫≪Full Year Comparison≫
(+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
(Thousand units)
4th Quarter
’12/1-3
4th Quarter
’13/1-3
PagePagePagePage18181818
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
PagePagePagePage19191919
(+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
Sales Volume of Automobiles
by Geographical Areas (Japan)
(Thousand units)
4th Quarter
’12/1-3
4th Quarter
’13/1-3
≪Three Months Comparison≫≪Full Year Comparison≫
PagePagePagePage20202020
(+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
Sales Volume of Automobiles
by Geographical Areas (Asia)
(Thousand units)
4th Quarter
’12/1-3
4th Quarter
’13/1-3
※ASEAN; Total of 5 countries - Indonesia, Malaysia, Thailand, Philippines and Vietnam
≪Three Months Comparison≫≪Full Year Comparison≫
PagePagePagePage21212121
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
Sales Volume of Automobiles
by Geographical Areas (India)
(Thousand units)≪Three Months Comparison≫≪Full Year Comparison≫
4th Quarter
’12/1-3
4th Quarter
’13/1-3
PagePagePagePage22222222
(+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
Sales Volume of Automobiles
by Geographical Areas (ASEAN)
(Thousand units)
※ASEAN; Total of 5 countries - Indonesia, Malaysia, Thailand, Philippines and Vietnam
4th Quarter
’12/1-3
4th Quarter
’13/1-3
≪Three Months Comparison≫≪Full Year Comparison≫
PagePagePagePage23232323
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
(Thousand units)
PagePagePagePage24242424
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
(Billions of Yen)
PagePagePagePage25252525
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
PagePagePagePage27272727
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]