Presentation
by
Motherson Sumi
Systems Limited
a member of Samvardhana Motherson GroupAugust 2012
1
2
Business Portfolio & Capabilities
MSSL Overview
Vision 2015
Update on Results of Q1 FY 12-13
Customer Recognition
Vision & Mission
Vision
To be a Globally Preferred Solutions Provider
Ensure Customer Delight
Involve Employees as “Partners” in Progress
Enhance Shareholder Value
Set new standards in Good Corporate Citizenship
Mission
3
Shareholding Pattern
** As on 23.04.2012 (post merger of SMIEL)
Sumitomo Wiring Systems Ltd. (25.55%) :
Subsidiary of Sumitomo Electric Industries,
Japan
The second largest Manufacturer of wiring
harnesses in the world and the second largest in
Asia with current market share – more than 20%
in the world passenger car market
Sehgal Family & SMFL* (40.05%) :
Started Motherson Group in 1975
Started manufacturing Wiring Harness in technical
agreement with Tokai Electric Industries, Japan
(a part of Sumitomo Wiring Systems) in 1983
Established Motherson Sumi Systems Ltd. (MSSL)
in JV with Sumitomo Wiring Systems Ltd. (SWS) in
1986
Group Turnover approx USD 4.14 Billion (2011-12)#
4
SMFL
36.12%
Sehgal Family
3.93%
SWS & HKWS
25.55%
FII's & Mutual
Funds21.83%
Public &
others12.57%
# Full year of consolidation of Peguform
Journey so far….
Motherson Sumi Systems Limited (MSSL) formed as a
JV with Sumitomo Wiring Systems Ltd.
1975 Motherson established
1983Establishment of Motherson Auto P. Ltd. - technical assistance agreement
signed with Tokai Electric Wire Co. Ltd., now known as Sumitomo Wiring
Systems Ltd., Japan (SWS)
1986
1993
1995
Motherson Sumi Systems Limited listed on Stock Exchange
1st Public Issue at a premium of Rs. 15 per share
(issue size : Rs 46.25 millions )
Right Issue (1:5 rights issue) at a premium of Rs. 80 per share
(issue size Rs. 104.4 Million)
2005 FCCB Issue of Euro 50.30 Million (50,300 Bonds of Euro 1,000 each)
2010 Full conversion of FCCB in equity (Equity Dilution by 10%) consequently equity
enhanced to Rs. 38.75 crores
5
2012 SMIEL merged. Equity enhanced to Rs. 39.19 crores
Return to shareholders
1. Original Listing :- April 19932. Issue price : Rs. 10 at premium of Rs.15/- per share;
3. Face value : Rs. 10/- per share4. Investment on 100 shares was Rs. 2500/-
100 150 225450
2,250
3,375
5,062
0
1,000
2,000
3,000
4,000
5,000
6,000
1993 1997-98 2000-01 2002-03 2003-04 2004-05 2007-08
No
. o
f sh
are
s
Bonus
IssueBonus
Issue
Original
investment
Rs. 2,500
Par value
of Rs. 5
per share
Par Value
of Rs. 1
per share
Bonus
Issue
Bonus
IssueInvestment
Value
Value
Rs. 9,41,625
as on
31/03/2012
i.e.
377 times
6,834 6,8348,859
13,92111,390
1.35 1.351.75
2.752.25
0.00
0.50
1.00
1.50
2.00
2.50
3.00
0
4000
8000
12000
16000
2007-08 2008-09 2009-10 2010-11 2011-12 (proposed)
Div
iden
d p
er
sh
are
Div
iden
d a
mo
un
t
Dividend in
last 5 years
7
Business Portfolio & Capabilities
MSSL Overview
Vision 2015
Update on Results of Q1 FY 12-13
Customer Recognition
Business Portfolio
Wiring Harnesses Rearview Mirrors
Polymer Processing &
Tool Manufacturing
Elastomer Processing
Modules
Precision Metal Machining
Full
System
Solutions
8
Global Presence
9
124manufacturing facilities
Global Customer BaseStrong presence in regions with key
customer concentration
Global Manufacturingincluding strategic low cost
manufacturing locations
Presence in
25 Countries
Plastic Molding
Wiring Harness
Mirrors
Mirrors
Plastic Molding
Metal Machining
Representative Office
Wiring Harness
Plastic Molding
Injection Molding Tools
Silicon Rubber Injection Molding
Plastic Molding Design Engineering
IRELAND UK GERMANY CZECH REPUBLIC
SHARJAH Mirrors
Rubber Extrusion
Waste Recycling
Systems
Representative
Office
Representative OfficeAUSTRIA
AUSTRALIAMAURITIUS
Strategic Sourcing
Wires
SINGAPORE
SRILANKA
Mirrors Plastic Molding
BRAZIL
Mirrors
USA
Mirrors
FRANCE
Mirrors Plastic Molding
SPAIN
MEXICO
Mirrors Plastic Molding
Mirrors
HUNGARY
Mirrors Plastic Molding
CHINA
Mirrors
SOUTH KOREA
Mirrors
Wiring Harness
JAPAN
SOUTH AFRICA
Design Engineering
ITALY
THAILAND
Mirrors
Plastic Molding
PORTUGAL
Plastic Molding
SLOVAKIA
Being Established
Presence in India
NOIDA & NCR REGION
KANDLA
BANGALORE CHENNAI
PONDICHERRY
NASHIK Wiring Harness Wires Fuse Boxes Tubes Plastic Molding & Assemblies Rubber Injection Molding IP, Door Trim & Bumpers Automotive Rearview Mirrors Design Engineering Components & HVAC
Rubber Injection Molding
Wiring Harness
Wiring Harness Plastic Molding &
Assemblies
Wiring Harness Wires Plastic Molding & Assemblies Metal Machining Automotive Rear View Mirrors
Wiring Harness Plastic Molding & Assemblies IP, Door Trim & Bumpers Automotive Rearview Mirrors Components & HVAC Rubber Molding
Design Engineering
Automotive Rear View
Mirrors
PUNE
Plastic Molding & Assemblies
Working with a philosophy of nearness to customers
MSSL has established facilities near major customer locations
10
HALDWANI
Wiring Harness
JAMSHEDPUR
Wiring Harness
LUCKNOW
Wiring Harness
Providing Full Systems Solutions
Wiring Harness
Plastic Components
Rubber Components
Mirrors
Moulds
Complete Modules
Full System Solutions
Modules
Assemblies
Moulding & Manufacturing
Tool Manufacturing
Tool Design & Analysis
Prototyping
Product Design
Services
Machined Components
11
Wiring Harnesses
Market Leader – With over 65 % market share
of passenger car wiring harnesses in India
JV with Sumitomo Wiring Systems, Japan, the
2nd largest wiring harness manufacturer in the
in world (Partnership since 1983, JV since 1986)
Serving a global customer base
Strong presence in Europe Two-Wheeler &
Material Handling Equipment markets
Full Service Supplier with complete in-house
design capability
More than 30 Manufacturing Facilities
Vertical backward integration for critical wiring
harness components
Partners
Sumitomo
Wiring Systems,
Japan
Kyungshin
Industrial Co.,
S. Korea
12
Wiring Harness - Backward Integration
Backward integration for critical inputs for
wiring harnesses such as wires, connectors,
terminals, fuses and fuse boxes. Company
engaged in making components for wiring
harness is now merged with MSSL, which
further strengthens the backward integration.
Direct exports to the customers as well as
exporting back to collaborators
Over 13000 Types of Wiring Harness Produced
Annually
Over 45000 Types of Components Handled in
Manufacturing
Over 35 Million Wiring Harnesses Produced
Annually
Wiring
Harness
Design
Fuse Boxes
Caps & Sleeves
Clamps & Binders
Grommets & Seals
Applicators Jigs Assembly Boards
Circuit Boards
Material Handling
Process Engineering
Terminals
Connectors
Wires
Component Design
Tool Manufacturing
Component
Manufacturing
13
Polymer Processing through Division & Subsidiaries
One of the largest molded parts, assemblies & module
supplier to the Indian automotive industry through
polymer division Motherson Automotive Technologies &
Engineering (MATE)
Over 15 Manufacturing facilities in India, Sharjah (MTL),
Germany (MSP-G) & Czech Republic (MSP-CZE)
Over 900 machines of Injection, Gas, Compression and
Blow Molding
Injection Molding Machines from 5 Tons – 3200 Tons
(Hydraulic / Electric)
Complete In-house Post Processing Facilities including
Paint Shop
Robotic Trimming / Welding (Heat stake/ Ultrasonic/
Vibration) Operations
LPI Injection Molding
14
Elastomer Processing & HVAC Systems
Partners
HVAC Systems
for cars
Manufacturing HVAC
Systems for
passenger cars
Modules including
Body Control
Modules and Engine
Cooling Modules
Calsonic Kansei
Japan
15
Manufacturing processes include
Rubber Injection Molding
Silicon Injection Molding
Rubber Extrusion
Rubber Compounding
Supporting Collaborator with exports
from India
Manufacturing parts for the
Automotive, Measuring and Control,
Medical, White Goods and for other
Industrial applications
Five manufacturing Facilities spread
over India, U.A.E. and Australia
Woco Industrietechnik
GmbH, Germany
Elastomer
Rearview Mirrors*
Samvardhana Motherson Reflectec, which acquired global rear
view mirror business of Visiocorp in March 2009, is a leading
manufacturer of automotive rear view mirrors in the world
Presence in India since 1996 through initial JV with Britax which
later on became a part of Visiocorp
Supplying products to the Top Ten OEMs totalling more than 360
individual programs
18 manufacturing plants across the world in growing markets like
China, India, Korea, Japan & Mexico
Technology leader with over 500 patents and a history of
innovations
22% share of global passenger car rearview mirror market and a
53% share in India
Partners
Ningbo HuaXiang
Electronic Co.,Ltd.
China
50:50JV for China
Poong Jeong Ind
Co., Ltd
S.Korea
90:10 JV for Korea
16
* In Joint Venture with SMFL
First interior mirror with
multiple functions
(Mercedes-Benz)
Samvardhana Motherson Reflectec (SMR) –
History of Innovation and Technology Leadership
17
Tradition of ‘First to Markets’
SMR’s innovative solutions provide comfort, safety, styling, sustainability
and cost optimisation
1998 1999 2001 2005 2006 2007 2011 2012
Plastic glassFirst Turn signal in
exterior mirror
(Mercedes-Benz)
First Camera-based
blind spot detection
system (Volvo)
First LIN-bus-
system in exterior
mirror (Jaguar)
First Light guide
style turn signal
(Audi Q7)
Next generation
vision based sensor
technology
First Power
telescopic and
power folding
mirror (Ford)
First Side-looker-
LED turn signal
(Hyundai)
High performance /
Low cost
axis-free mirrors
Logo light
18
Acquired Peguform in November 2011 & renamed it as Samvardhana
Motherson Peguform (SMP)
Peguform , Originally Established in 1959 as Badische Plastikwerke, is
a leading full service supplier of differentiated high quality interior and
exterior products for the automotive and related industries, engaged
in development, manufacture and distribution of bumper systems,
plastic components for vehicle exteriors, vehicle cockpits, dashboards
and vehicle interior trims.
Key Customers of SMP are Volkswagen Group, BMW, Porsche, PSA
Peugeot Citoren, Renault Nissan, Daimler & GM.
SMP has a strong presence in Europe, supplying to major premium
German brands, 2nd largest supplier of door panels and the
3rd largest supplier of Instrument Panels in Germany.
The company is one of the market leaders of bumpers in Germany and
holds a market leader position in Cockpit Assemblies in Spain.
Over 200 injection molding machines, 22 facilities in 7 countries,
employs over 7000 employees and one of the largest paint shop
facilities in Europe.
Strength of the company lies in creating new applications of plastics
and engineering. The company has a strong history of innovations and
Firsts in the European Automotive Plastics industry. The company has
274 patents & 27 utility models registered to its name.
Acquisition of Peguform*
* In Joint Venture with SMFL
SMP Products
19
Door Panels
Increasing Content per Car
* Depictive range only
B-Pillar Trim
Interior Lamp
A-Pillar Trim
Door Trim
Inside Handle
Cockpit
Fuse Box
HTC
Wiring Harness
Grommets
Connectors
Net Front Grill
Boot CV Joint
Bumper
HVAC Systems
Scuff Plate
Exterior Mirror
Outside Handle
Wheel Hub Cap
Exhaust
Suspension
Garnish
Fuel Filler Door
Steering Column
Cover
Spoiler
Roof Rail
C-Pillar Trim
Roof Handle
Pedal Box Assembly
Box Floor Console
Battery Tray
Air Cleaner Assy.
Headlight
Interior Mirror
Compressor
Back Light
20
21
Business Portfolio & Capabilities
MSSL Overview
Vision 2015
Update on Results of Q1 FY 12-13
Customer Recognition
Setting Direction for 5 Years
2005
Target Achieved
Sales Rs1000 Cr Rs1029 Cr
ROCE 40% 39%
Single largest Customer’s
Contribution
< 25% 27%
Sales from Global
Customers
30% 29%
Dividend Payout Ratio 40% 43%
2010
Target Achieved
USD 1 Bn USD 1.5 Bn
40% 37% (Stand Alone)
22% (Consolidated)
< 20% 15%
60% 70%
40% 44% (Stand Alone)
32% (Consolidated)
Since year 2000 MSSL has set targets for 5 years and has delivered well on those targets. MSSL
has always focused on profitable growth, diversifying its customer base and creating more
value for its stakeholders
22
Targets for 2015
23
MSSL declared its targets for 2015 in its annual Report for 2009-10
Vision 2015
Sales
USD 5 Bn
ROCE
40%
Sales from
Global
Customers
70%
Dividend
Payout Ratio
40%
Global
Presence
26-27
Countries
24
Business Portfolio & Capabilities
MSSL Overview
Vision 2015
Update on Results of Q1 FY 12-13
Customer Recognition
Together we make it happen
Highlights on Performance of : Q1 FY 2012-13
25
1 Crore = 10 million
1. MSSL reports robust sales growth both in domestic and business outside India.
2. Sales grew by 176% and 41% on consolidated and standalone basis respectively. Even excludingSamvardhana Motherson Peguform(SMP) consolidated sales grew by 32%.
3. Significant improvement in performance of SMP. SMR, MSSL & other businesses reports robustperformances.
4. Company follows consistent accounting practice of accounting for Mark to Market (MTM)foreign exchange loss on long term loans – Provision made for Rs 175 Crores during the quarter.
5. Healthy Order book across all businesses –
SMP – Won fresh orders amounting to € 1.30 Billion*. SOP : 2014-15
SMR – New orders won in FY 12 & current year amounting to € 1.35 billion*. SOP : 2014-15
Motherson Automotive Technologies & Engineering (MATE), a division of MSSL acquires land inGujarat for setting up facilities for polymer business - Order value : Rs. 750 Crores*.
6. MSSL starts setting up new facilities for manufacturing wiring harnesses at Mexico & Thailand .
* Approximate value over project life
Together we make it happen
1 Crore = 10 million
0
1000
2000
3000
4000
5000
6000
7000
8000
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
1,139 1,244 842
1,853 1,7471,430
3,285 3,377
Sales to customers within India Sales to customers outside India SMP
Rs. in Crores
6,277 6,368
2,272
0
50
100
150
200
250
300
350
400
450
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
429 437
199
EBITDA*
Consolidated Performance : Q1 FY 2012-13
Q1 FY 11-12 Q4 FY 11-12
Sales to Customers within India 35% -8.5%
Sales to Customers outside India 259% Same
Total 176 % -1.4%
Total (without SMP) 32% Same
EBITDA 118% -1.8%
1. The company consolidated SMIEL for full year in
March 2012 quarter and hence Q 4 includes sales
& EBITDA of SMIEL for full year in Q 4 .
2. EBITDA for Q1 contributed significantly higher by
SMP and consistent performance by SMR &
MSSL India .
Growth in Q1 (12-13) (%)
* before exchange gains / loss on long term loans
Sales
26
Together we make it happen
1 Crore = 10 million
0
200
400
600
800
1000
1200
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
911 1008656
134185
86
Sales to customers within India Sales to customers outside India
742
1,0451,193Sales EBITDA *
0
50
100
150
200
250
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
161
244
101
Standalone Performance : Q1 FY 2012-13
Q1 FY 11-12 Q4 FY 11-12
Sales to Customers within India 39% -10%
Sales to Customers outside India 56 % -28%
Total 41 % -12%
EBITDA 59% -34 %
1. The company consolidated SMIEL and MGWL
for full year in March 2012 quarter and hence Q
4 includes sales & EBITDA of SMIEL & MGWL
for full year in Q 4 .
Growth in Q1 (12-13) (%)
* before exchange gains / loss on long term loans
Rs. in Crores
27
Together we make it happen
1 Crore = 10 million
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
1,606 1,583
1,293
0
20
40
60
80
100
120
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
Sales EBITDA *
80
101
63
SMR Performance : Q1 FY 2012-13
Q1 FY 11-12 Q4 FY 11-12
Sales Growth in Euro terms 15% -3.5%
Sales Growth in Rs terms 24 % 1.5%
EBITDA 27 % -21 %
Growth in Q1 (12-13) (%)
* before exchange gains / loss on long term loans
Rs. in Crores
28
Together we make it happen
1 Crore = 10 million
-
1,000
2,000
3,000
4,000
Q1 FY 2012-13 Q4 FY 2011-12
3,285 3,377
0
50
100
150
Q1 FY 2012-13 Q4 FY 2011-12
138
55
SMP Performance : Q1 FY 2012-13
1. SMP completed acquisition of Peguform
Group on 23-11-2011 and hence comparative
figures for Q 1 of 2011-12 are not there.
Q4 FY 11-12
Sales Growth in Euro terms -7 %
Sales Growth in Rs terms -3%
EBITDA 151%
Sales EBITDA *
Growth in Q1 (12-13) (%)
* before exchange gains / loss on long term loans
Rs. in Crores
29
Together we make it happen
1 Crore = 10 million
Profit before & after tax
0
50
100
150
200
250
300
350
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
203 219
117
28
302
119
8
195
65
Operating PBT* Reported PBT PAT-Concern Shares
* before exchange gains / loss ** not annualized
Consolidated Profit before Tax* &
Profit after Tax and Debt : Q1 FY 2012-13
EPS**
Q1 FY 2012 -13 Q4 FY 2011-12 Q1 FY 11-12
0.21 4.95 1.68
Debt
1. Reported PBT is after providing MTM loss of Rs. 175 Crores.
2. PAT (concern share) and EPS are negatively impacted due to
MTM provided for.
3. Effective tax rate is higher due to MTM losses provided.
4. Increase in reported debt
1. MTM losses as provided above ;
2. change in translation of Euro rate used for consolidation:
30-06-2012 : Rs 70.39
31-03-2012 : Rs 67.88
-
2,000
4,000
6,000
Q 1 2012-13 Q 4 2011-12
4,436 4,146
611 456
Net debt cash Balances
5, 047 4,602
Rs. in Crores
30
Comments Q1 (FY 2012-13)
Together we make it happen
1 Crore = 10 million
0
50
100
150
200
250
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
137
202
9091
227
9066
165
66
Operating PBT* Reported PBT PAT-Concern Shares
* before exchange gains / loss ** not annualized
Standalone Profit before Tax* &
Profit after Tax and Debt : Q1 FY 2012-13
EPS**
Q1 FY 2012 -13 Q4 FY 2011-12 Q1 FY 11-12
1.69 4.17 1.69
1. Reported PBT is after providing MTM loss of Rs. 46
Crores.
2. PAT (concern share) and EPS are negatively impacted
due to MTM provided for.
3. Effective tax rate is higher due to MTM losses provided.
4. Even after considering MTM loss which resulted in
increase in debt figures, there is reduction in debt at
MSSL standalone .
880
900
920
940
Q1 FY 2012-13 Q4 FY 2011-12
907920
13
20
Net debt cash balances
920
940Profit before & after tax Debt Rs. in Crores
31
Comments Q1 (FY 2012-13)
Together we make it happen
Profit before & after tax Debt
1 Crore = 10 million* before exchange gains / loss ** not annualized
SMR Profit before Tax* &
Profit after Tax and Debt : Q1 FY 2012-13
-20
0
20
40
60
80
Q1 FY 2012-13 Q4 FY 2011-12 Q1 FY 2011-12
28
55
2616
62
29
-2
24
3
Operating PBT* Reported PBT PAT-Concern Shares
1. Reported PBT is after providing MTM loss of Rs. 12
Crores.
2. PAT (concern share) and EPS are negatively impacted
due to MTM provided for.
3. Effective tax rate is higher due to MTM losses
provided.
4. Increase in debt mainly on account of working capital
for increased activity and change in payment terms of
some of the customers
0
500
1000
1500
Q1 FY 2012-13 Q4 FY 2011-12
1052 800
141138
Net debt cash balances
1,193 938
Loan Currency
( in Millions/
Euros )
as on
30-6-2012
as on
31-03-2012Remarks
Gross debt 169.53 138.22
Includes impact of
MTM Euro 1.7
millions
Less : cash
balances 20.06 20.55 -
Net debt 149.47 117.67 -
Rs. in Crores
32
Comments Q1 (FY 2012-13)
Together we make it happen
Profit before & after tax Debt
33
* before exchange gains / loss ** not annualized
SMP Profit before Tax* &
Profit after Tax and Debt : Q1 FY 2012-13
-100
-50
0
50
Q1 FY 2012-13 Q4 FY 2011-12
23-53-94 -3-67 -4
Operating PBT* Reported PBT PAT-Concern Shares
1. SMP is PBT positive after providing for interest on loans
taken by SPV (guaranteed by MSSL & SMFL) , before
providing on MTM losses on such loans.
2. Reported PBT is after providing MTM loss of Rs. 117
Crores.
3. PAT (concern share) and EPS are negatively impacted
due to MTM provided for.
4. Effective tax rate is higher due to MTM losses provided.
5. The debt in Rupee terms is higher due to MTM losses
and higher rate of translation used for Euro loans, the
details are :
2,200
2,400
2,600
2,800
3,000
Q1 FY 2012-13 Q4 FY 2011-12
2,567 2,513
365187
Net debt cash balances
2,932
2,700
Loan Currency
(in Millions ) Currency
as on
30-6-
2012
as on
31-03-
2012
Remarks
Operating
levels LoansEuro 211.62 211.69 -
Cash balances Euro 46..88 22.38 -
Net Debt Euro 164.18 189.31 Reduction in net debt
SPV levels US
$ LoansUSD 257.65 257.65
Guaranteed by MSSL
& SMFL
Cash balances USD 6.23 6.88 -
Net Loans USD 251.42 250.77 No change
Rs. in Crores
1 Crore = 10 million
Comments Q1 (FY 2012-13)
Customer Recognition
Incoming Quality
Improvement
2011-12
R&D Capability
Development
Award 2011-12
Overall Silver Award
2011-12
Special Support Award
2011-12
Warranty
improvement
Award
2011-12
Capacity
Enhancement
Award
2011-12
Kaizen Performance
Award
2011-12
Gold Award
Quality, Cost & Delivery
Spare Parts - 2012
Gold Award for Delivery
2012
Outstanding Performance Cost
2012
5S Gold Award
2012
Kaizen Winner Award
2012
Appreciation Award
Spare Parts - 2012
Supplier of the Year
Gold Award
2011
Supplier of the Year
President Gold
Award
2011
Industry Contribution
President Silver
Award
2011Good Cost Performance
2011-12Merit Award
2012
Outstanding
Performance
in FY 2011Silver Award in Quality
2010
Best in Class Performance in
Development
2010
Customer Recognition
Award for Excellence in
Quality 2010
Best Contribution
2012
Vendor Performance
Award
2012
Significant Contribution &
Overall Performance in
Wiring Harness Category
2009Best Supplier Award
2010
QCIDM Supplier
2012
Outstanding Support
In Design &
Development
JOHN
DEERE
Outstanding Delivery
Performance 2009 Excellent Award in
Safety Assessment
Certificate of
Appreciation
Customer Recognition
Gold Award
2012
Highest Export
Award 2012
Excellent Award in
Safety Assessment
Quality Commitment
2011
Safe Harbor
This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being
provided by Motherson Sumi Systems Limited (the “Company”).
Any reference in this presentation to “Motherson Sumi Systems Limited” shall mean, collectively, the Company and its subsidiaries.
This presentation has been prepared for informational purposes only. This presentation does not constitute a prospectus, offering circular or offering
memorandum and is not an offer or invitation to buy or sell any securities, nor shall part, or all, of this presentation form the basis of, or be relied on in
connection with, any contract or investment decision in relation to any securities. Furthermore, this presentation is not an offer of securities for sale in
the United States, India or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from
registration. Any public offering in the United States may be made only by means of a prospectus that may be obtained from the Company and that
will contain detailed information about the Company and its management, as well as financial statements. Any offer or sale of securities in a given
jurisdiction is subject to the applicable laws of that jurisdiction.
This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company,
which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and
other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ
materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these
risks, uncertainties and other factors, recipients of this presentation are cautioned not to place undue reliance on these forward-looking statements.
The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect
to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The Company assumes no responsibility to
publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise.
Unless otherwise stated in this presentation, the information contained herein is based on management information and estimates. The information
contained herein is subject to change without notice and past performance is not indicative of future results. The Company may alter, modify or
otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes.
By attending this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of
the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of
the business of the Company.
This presentation speaks as of August 2012. Neither the delivery of this presentation nor any further discussions of the Company with any of the
recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.
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Thank You …
A Relationship Built on Trust
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