Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q4 FY2023 Earnings Presentation

18 slides from Maruti Suzuki India's earnings presentation, Apr 26, 2023

  1. Slide 1: Cover letter to stock exchanges on investor presentation

    MARUTI � SUZUKI MSIL: COS: NSE&BSE: 2023/04_14 26th April, 2023 Vice President General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, Bandra – Kurla Complex BSE Limited Bandra (E), Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai –

  2. Slide 2: Q4 FY'23 and FY'23 Financial Results

    Maruti Suzuki India Limited Q4 FY’23 and FY’23 Financial Results 26th April 2023 1

  3. Slide 3: Safe Harbour

    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. The Company undertakes no obligation to update these to refl

  4. Slide 4: Business Highlights for FY2022-23

    Business Highlights for FY2022-23 ◼ Highest ever total sales and exports in FY2022-23 ◼ Total sales : 1,966,164 units ◼ Exports : 259,333 units ◼ Cumulative Sales in domestic market crosses 25 million units ◼ Cumulative Exports crosses 2.5 million units ◼ Nexa sales channel achieves cumulative sales

  5. Slide 5: Contents

    Contents 1. Q4 FY’23 vs. Q4 FY’22 ➢ Ratio Comparison 2. Q4 FY’23 vs. Q3 FY’23 ➢ Ratio Comparison 3. FY’23 vs. FY’22 ➢ Ratio Comparison 4. Sales Volumes Note: 1. All figures in the presentation are in INR mn except sales volume and ratios 2. Due to rounding-off, ratios may be approximate 4

  6. Slide 6: Q4 FY'23 vs. Q4 FY'22

    Q4 FY’23 vs. Q4 FY’22 5

  7. Slide 7: Highlights of Q4 FY'23 w.r.t. Q4 FY'22

    Highlights of Q4 FY’23 W.R.T. Q4 FY’22 *All figures except sales volume are in INR million Q4 FY'23 Q4 FY'22 Sales Volume 514,927 488,830 5.3% Net Sales 308,218 255,140 20.8% Op. EBIT 26,111 17,796 46.7% PBT 32,548 21,980 48.1% PAT 26,236 18,389 42.7% 6

  8. Slide 8: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter Q4 FY'23 Q4 FY’22 Change (bps) Material Cost 76.1 76.9 -80 Employee Cost 3.6 4.0 -40 Other Expenses 13.4 14.3 -90 Depreciation 2.4 2.5 -10 Other Operating Income 4.0 4.8 -80 Op. EBIT 8.5 7.0 150 Interest Expense 0.3 0.2 10 Non-Operating Income 2.4 1.8

  9. Slide 9: Financial Analysis of Q4 FY'23 vs. Q4 FY'22

    Financial Analysis of Q4 FY’23 vs. Q4 FY’22 Key reasons for margin movement Positive Factors ◼ Relatively better sales volume leading to improved capacity utilisation ◼ Improved realization ◼ Cost reduction efforts ◼ Favorable foreign exchange variation ◼ Higher non-operating income Negative Factors

  10. Slide 10: Q4 FY'23 vs. Q3 FY'23

    Q4 FY’23 vs. Q3 FY’23 9

  11. Slide 11: Highlights of Q4 FY'23 w.r.t. Q3 FY'23

    Highlights of Q4 FY’23 W.R.T. Q3 FY’23 *All figures except sales volume are in INR million Q4 FY'23 Q3 FY'23 Sales Volume 514,927 465,911 10.5% Net Sales 308,218 278,492 10.7% Op. EBIT 26,111 21,230 23.0% PBT 32,548 29,542 10.2% PAT 26,236 23,513 11.6% 10

  12. Slide 12: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter Q4 FY'23 Q3 FY'23 Change (bps) Material Cost 76.1 75.7 40 Employee Cost 3.6 4.3 -70 Other Expenses 13.4 14.1 -70 Depreciation 2.4 2.6 -20 Other Operating Income 4.0 4.3 -30 Op. EBIT 8.5 7.6 90 Interest Expense 0.3 0.1 20 Non-Operating Income 2.4 3.1 -7

  13. Slide 13: Financial Analysis of Q4 FY'23 vs. Q3 FY'23

    Financial Analysis of Q4 FY’23 vs. Q3 FY’23 Key reasons for margin movement Positive Factors ◼ Relatively better sales volume leading to improved capacity utilisation ◼ Lower sales promotion expenses Negative Factors ◼ Higher advertisement expenses ◼ Unfavorable foreign exchange variation 12

  14. Slide 14: FY'23 vs. FY'22

    FY’23 vs. FY’22 13

  15. Slide 15: Highlights of FY'23 w.r.t. FY'22

    Highlights of FY’23 W.R.T. FY’22 *All figures except sales volume are in INR million FY’23 FY'22 Sales Volume 1,966,164 1,652,653 19% Net Sales 1,125,008 837,981 34% Op. EBIT 81,844 29,147 181% PBT 101,591 45,823 122% PAT 80,492 37,663 114% 14

  16. Slide 16: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter FY’23 FY'22 Change (bps) Material Cost 76.5 78.6 -210 Employee Cost 4.1 4.8 -70 Other Expenses 14.0 15.1 -110 Depreciation 2.5 3.3 -80 Other Operating Income 4.5 5.4 -90 Op. EBIT 7.3 3.5 380 Interest Expense 0.2 0.2 0 Non-Operating Income 1.9 2.1 -20 P

  17. Slide 17: Sales Volumes

    Sales Volumes Q4 FY’23 FY’23 Market Total Sales Number Growth % % to Total sales Number Growth % % to Total sales Domestic 450,208 7.1% 87% 1,706,831 20.7% 87% Exports 64,719 -5.5% 13% 259,333 8.8% 13% Total Sales 514,927 5.3% 100% 1,966,164 19.0% 100% Q4 FY’23 FY’23 Segments Number Growth % % to Do

  18. Slide 18: Thank You

    Thank You 17

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