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Presentationby
Motherson Sumi Systems Limited
a member of Samvardhana Motherson GroupNovember, 2010
MSSL Overview
Ownership Structure
Focus on Financials
The Growth Story
Customer Recognition
Group Overview
2
Motherson established in 1975 More than 90 facilities spread over 22 countries Diversified manufacturer with core competency in Assemblies & Polymer processing One of the largest manufacturers of exterior rearview mirrors in the world The largest manufacturer of wiring harnesses and rearview mirrors for passenger cars in India One of the largest manufacturers of molded components and modules in India Driven by over 37000 qualified professionals
3
Samvardhana Motherson Group
*
* Includes figures of SMR for one month only
Group Turnover
0.150.26
0.360.43
0.63
0.81 0.85
2.20
0
0.5
1
1.5
2
2.5
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
US
D B
illio
n
Wiring Harness 28%Polymer
Processing & Tooling
9%
Elastomer Processing
2%Metal Working
1%IT & Design
1%
Manufacturing Support
1%
Mirrors & Modules 53%
Others 4%
Business Portfolio
Specialise in managing manufacturingcompanies
Bring new technologies for customers
Acquire tested technologies fromcollaborators
Amalgamation of technologies toprovide single window solutions tocustomers
Collaborate with “follow-me” sources ofglobal OEMs
Develop long term relationships
Extend relationship to new businessareas
Existing Partners
Growing with multiple successful collaborations, oldest being over 23 years
Joint Venture Specialist
4
Japan 13Germany 5Australia 1Korea 2Italy 2China 1U.S.A 1
Total 25
Samvardhana Motherson Group
Group Business Portfolio
BusinessPortfolio
Wiring Harness Manufacturing
Polymer Processing & Tool
Manufacturing
Elastomer Processing
Rearview Mirrors Modules
IT & Design Engineering Metal Working
Manufacturing Support
Other Business
Elastomer Processing
Wiring Harness
High Tension Cords
Wires
Battery Cables
Connectors & Terminals
Wiring Harness Components
Injection Molded Plastic Parts
Plastic Blow Molded Parts
Post Molding Processes
Assemblies
Tool Design & Analysis
Tool Manufacturing
Exterior Mirrors
Interior Mirrors
Mirrors with Integrated Lighting
Blind Spot Detection Systems
Telescopic Trailer Tow Mirrors
Rubber Injection Molding
Silicon Injection Molding
Rubber Extrusion
Rubber Compounding
Bonded Rubber Parts
Software Development
DesignEngineering
CAE Services
Cutting Tools
Bimetal Band Saw Blades
Gear Cutting Tools
Precision Metal Machined
Components
Sunroofs
Car HVAC Systems
Lighting &Air Intake
Refrigeration Systems –
Transport & Stationery
Bus Air-conditioning
Cabins for Off Highway Vehicles
HVAC Systems for Commercial
Vehicles
Thin Film Coating Metals
Air Compressors
Industrial Robots
Auxiliary Equipment
for Injection Molding
Machines
Automotive Manufacturing
Engineering
Paint Coating Equipment
Travel Services
Management Services
Agencies
Polymer Compounding
Environment Management
SystemsGroup
SupportMSSL
Products
5
MSSL Overview
Ownership Structure
Focus on Financials
The Growth Story
Customer Recognition
Group Overview
6
Business Portfolio
Wiring Harnesses Rearview Mirrors
Polymer Processing & Tool Manufacturing
Elastomer Processing
Modules
Precision Metal Machining
FullSystem
Solutions
7
Wiring Harnesses
Market Leader – With over 65 % market shareof passenger car wiring harnesses in India
JV with Sumitomo Wiring Systems, Japan, the2nd largest wiring harness manufacturer in thein 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-housedesign capability
More than 25 Manufacturing Facilities
Vertical backward integration for critical wiringharness components
Partners
SumitomoWiring Systems,
Japan
Kyungshin Industrial Co.,
S. Korea
8
9
Wiring Harness-Backward Integration
Backward integration for critical inputs forwiring harnesses such as wires, connectors,terminals, fuses and fuse boxes
Direct exports to the customers as well asexporting back to collaborators
Over 13000 Types of Wiring HarnessProduced Annually
Over 45000 Types of Components Handled inManufacturing
Over 35 Million Wiring Harnesses ProducedAnnually
Wiring Harness Design
Fuse Boxes
Caps & Sleeves
In-house Facilities
Clamps & Binders
Grommets & Seals
Applicators Jigs Assembly Boards
Circuit Boards
Material Handling
Process Engineering
Terminals
Connectors
Wires
Component Design Tool Manufacturing Component
Manufacturing
Rearview Mirrors
Samvardhana Motherson Reflectec, which acquiredglobal rear view mirror business of Visiocorp in March2009, is a leading manufacturer of automotive rear viewmirrors in the world
Supplying products to the Top Ten OEMs totalling morethan 360 individual programs
13 manufacturing locations across the world in growingmarkets like China, India, Korea, Japan & Mexico
Technology leader with over 500 patents and a history ofinnovations
Presence in India since 1996 through initial JV with Britaxwhich later on became a part of Visiocorp
22% share of global passenger car rearview mirror marketand a 53% share in India
First combined power telescopic and power folding mirror
First turn signal in exterior mirror
First Blind Spot Detection System
Partners
Ningbo HuaXiang Electronic Co.,Ltd.
China50:50JV for China
Poong Jeong Ind Co., LtdS.Korea
90:10 JV for Korea
10
Samvardhana Motherson Reflectec (SMR) –History of Innovation and Technology Leadership
First to market– SMR offers innovation in technology and styling options
First interior mirror with
multiple functions
(Mercedes-Benz)
First turn signal in exterior mirror (Mercedes-Benz)
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
First camera-based blind spot
detection system
First combined power telescopic
and power folding mirror
(Ford)
2007
First LIN-bus-system in
exterior mirror (Jaguar)
First light guide style turn signal
(Audi Q7)
First side-looker-LED turn signal
(Hyundai)
11
Polymer Processing
One of the largest molded parts, assemblies &module supplier to the Indian automotiveindustry
Over 30 Manufacturing Facilities
Over 900 injection molding machines
Injection molding machines ranging from 5 tonto 3200 tons
Over 24 Blow Molding Machines
2K & 4K Molding Facilities
Comprehensive post molding & assemblyprocesses along with Polymer Compounding
Global manufacturing, Global supplies
12
Elastomer Processing
Manufacturing processes include
Rubber Injection Molding
Silicon Injection Molding
Rubber Extrusion
Rubber Compounding
Supporting Collaborator with exports fromIndia
Manufacturing parts for the Automotive,Measuring and Control, Medical, White Goodsand for other Industrial applications
Five manufacturing Facilities spread over India,U.A.E. and Australia
Partner
Woco Industrietechnik GmbH, Germany
13
Metal Working & Other Businesses
Partners
DREMOTEC GmbH& Co. ORCA)
Germany
Machined Metal Components
Specialise inmachining of highprecision, criticalapplication metalcomponents
HVAC Systems for cars
Manufacturing HVACSystems forpassenger cars
Modules includingBody ControlModules and EngineCooling Modules
Calsonic KanseiJapan
Waste Recycling Systems
Manufacturing andmarketing “Aerobin”,a home and gardenwaste containmentsystem
Patented Areationtechnology
Product launched inAustralia, Europe &Japan
E-CompostAustralia
ECompost
14
Business Revenue Breakup : 2009-10
Wiring Harness27%
Polymer8%
Rubber & Metal3%
Mirror62%
15
MSSL Overview
Ownership Structure
Focus on Financials
The Growth Story
Customer Recognition
Group Overview
16
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
17
Providing Full Systems Solutions
Wiring Harness
Plastic ComponentsRubber Components
Mirrors
Moulds
Complete Modules
Full System Solutions
Modules
Assemblies
Moulding & Manufacturing
Tool Manufacturing
Tool Design & Analysis
Prototyping
Product Design
Services
Machined Components
18
Increasing Content per Car
* Depictive range only
B-Pillar Trim
Interior LampA-Pillar Trim
Door TrimInside Handle
CockpitFuse Box
HTCWiring Harness
GrommetsConnectors
Net Front GrillBoot CV Joint
Bumper
HVAC Systems
Scuff PlateExterior MirrorOutside Handle
Wheel Hub Cap
Exhaust Suspension
Garnish
Fuel Filler Door
Steering Column Cover
Spoiler
Roof RailC-Pillar TrimRoof Handle
Pedal Box Assembly
Box Floor Console
Battery TrayAir Cleaner Assy.
Sunroof
Headlight
Interior Mirror
Compressor
Back Light
19
Inorganic Growth
Wexford Electronix, Ireland Asset Purchase for manufacturing of Wiring Harnesses for non passenger cars segments
G&S Kunststofftechnik GmbH, GermanyPlastic injection molding
FP Formagrau s.r.o., Czech RepublicPlastic injection molding
Reiner Prazision GmbH, Germany Precision metal machining
Empire RubberRubber mixing & molding
ASL SystemsWiring Harnesses & Electrical Modules
Huon Corporation (Door Trim Business), AustraliaDoor Trims for GM Holden, Australia
2005-2007
2002
1st Acquisition
Subsequent Acquisitions
20
Inorganic Growth
Visiocorp plc.(Rear view Mirror Business)
Global Rearview Mirror BusinessAssets purchase of Visiocorp plc (in administration) for approximatelyEuro 25 million, {in JV with Samvardhana Motherson Finance Ltd.(SMFL)} + 5% consideration shares to erstwhile lenders to Visiocorp
2009
MSSL already had a very successful 13 year running jointventure with Visiocorp in India
Mirror is a synergistic product and brings resourcing value intothe Samvardhana Motherson Group’s already existing businesslines
All Customers supported acquisition of Visiocorp by SMGbefore the takeover and extended support after the acquisitionwith new orders worth approximately 800 million Euros in the 1st
year, which will spread over the lifetime of the programs
Opens new markets for MSSL; China, Mexico, USA, Korea
Has established MSSL as a global Tier 1 supplier
21
Nearness to Customers
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
Wiring Harness Wires Plastic Molding & Assemblies IP, Door Trim & Bumpers Automotive Rearview Mirrors Components & HVAC Rubber Molding
Design Engineering
PUNE
Plastic Molding & Assemblies
Working with a philosophy of nearness to customers MSSL has established facilities near major customer locations
22
Growing Globally
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
UKGERMANY CZECH REPUBLIC
SHARJAH Mirrors Rubber Extrusion Waste Recycling
Systems
Representative Office Representative
Office
AUSTRIA AUSTRALIAMAURITIUS
Strategic Sourcing
WiresSINGAPORE
SRILANKA
Design Engineering
ITALY
Mirrors Representative
Office
USA
MirrorsFRANCE
MirrorsSPAIN
MEXICO Mirrors
MirrorsHUNGARY
MirrorsCHINA
MirrorsSOUTH KOREA
Mirrors Wiring
Harness
JAPAN
Presence in 22 Countries with over
90 manufacturing facilities
SOUTH AFRICABeing Established Plastic Molding
23
MSSL Overview
Ownership Structure
Focus on Financials
The Growth Story
Customer Recognition
Group Overview
24
Shareholding Pattern
** As on 30th September 2010
SMFL36.34%
SWS25.0%
Sehgal Family3.85%
FIIs & Mutual Funds18.73%
Public16.08%
Sumitomo Wiring Systems Ltd. (25%) : Subsidiary of Sumitomo Electric Industries,
Japan
The second largest Manufacturer of wiringharnesses in the world and the second largest inAsia with current market share – about 20% in theworld passenger car market
Sehgal Family & SMFL* (40.19%) : Started Motherson Group in 1975
Started manufacturing Wiring Harness intechnical agreement with Tokai ElectricIndustries, Japan ( a part of Sumitomo WiringSystems) in 1983
Established Motherson Sumi Systems Ltd.(MSSL) in JV with Sumitomo Wiring SystemsLtd. (SWS) in 1986
Group Turnover over USD 2.2 Billion (2009-10)
25
MSSL Subsidiaries & JV’s
* Under process of merger with MSSL
India
SMR AUTOMOTIVE SYSTEMS INDIA LIMITED
SMR51%
Sharjah Europe
WOCO MOTHERSON LTD. (FZC)
MSSL MIDEAST (FZE)
MSSL TOOLINGS LTD.(FZE)
MSSL POLYMERS GmbH(Germany)
MSSL GB LTD. (U.K.)
MOTHERSON ORCA PRECISION TECHNOLOGY GmbH (Germany)
MSSL ADVANCED POLYMERS S.R.O.(Czech Republic)
GLOBAL ENVIRONMENT MANAGEMENT (FZC)
MSSL
100%
100%
100%
51%
100%
66.7%WOCO FRANZ JOSEF WOLF HOLDING GmbH
21.18%
100%
100%
33.3%
78.82%
KYUNGSHIN INDUSTRIAL MOTHERSON LTD.
WOCO MOTHERSON ELASTOMER LTD.
WOCO MOTHERSON ADVANCED RUBBER TECHNOLOGIES LTD.
33.3%
50%
WOCO FRANZ JOSEF WOLF HOLDING GmbH
WOCO FRANZ JOSEF WOLF HOLDING GmbH
50%
66.7%
66.7%
49%
MOTHERSON ELECTRICAL WIRES LANKA PVT.LTD.
MSSL
Sri Lanka
AustraliaGLOBAL ENVIRONMENT MANAGEMENT AUSTRALIA PTY. LTD.
CALSONICKANSEI CORP.
CALSONIC KANSEI MOTHERSON AUTO PRODUCTS LTD.
51%
49%
80%
DREMOTEC GmbH& Co.KG (ORCA)
49%
MSSL
33.3%
MSSL
E-COMPOST PTY LTD.
KYUNGSHIN INDUSTRIAL CO.
*BALDA MOTHERSON SOLUTION INDIA LTD.100%
AfricaMSSL Global RSA Module engineering Ltd. (South Africa)
JapanMSSL Japan Ltd.(Japan)
100%
MSSL
100%
MSSL
100%
78.82%
80%MOTHERSON ELASTOMERS PTY. LTD.
MSSL IRELAND PVT. LTD.(Ireland)
26
SMR* Subsidiaries & JV’s
Asia Europe
SMR AUTOMOTIVE MIRRORS UK LIMITEDSMR AUTOMOTIVE SYSTEMS FRANCE S.A.
SMR AUTOMOTIVE MIRROR TECHNOLOGY HUNGARY BT
SMR GRUNDBESITZ GMBH & CO. KG
SMR AUTOMOTIVE SYSTEMS SPAIN S.A.U.
100%
100%
100%
100%SMR AUTOMOTIVE SYSTEMS INDIA LIMITED
SMR POONG JEONG AUTOMOTIVE MIRRORS KOREA LTD.
SMR Hyosang Automotive Ltd
90%
51%
49%
10%
50%
100%
SMR AUTOMOTIVE SYSTEMS USA INC
SMR
100%
USA/ Mexico
SMR
50%
SMR
SMR AUTOMOTIVE BEIJING COMPANY LIMITED.
100%
SMR AUTOMOTIVE YANCHENG CO. LIMITED.
100%
MOTHERSON SUMI SYSTEMS LTD
SMR AUTOMOTIVE AUSTRALIA PTY LIMITED.
Australia
100%SMR AUTOMOTIVE SERVICIOS MEXICO S.A DE C.V
SMR
SMR PATENTS S.À.R.L.
SMR AUTOMOTIVE SERVICES GMBH
SMR AUTOMOTIVE MIRRORS STUTTGART GMBH100%
100%
94%
100%
100%
SMR AUTOMOTIVE BETEILIGUNGEN DEUTSCHLAND GMBH
*The shareholding of SMR Jersey is held through joint venture between MSSL & SMFL
Ningbo HuaXiang Electronic Co.,Ltd.
Poong Jeong Ind Co., Ltd
27
28
MSSL Overview
Ownership Structure
Focus on Financials
The Growth Story
Customer Recognition
Group Overview
Journey so far….
Motherson Sumi Systems Limited (MSSL) formed as aJV with Sumitomo Wiring Systems Ltd.
1975 Motherson established
1983Establishment of Motherson Auto P. Ltd. - technical assistance agreement sighned 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%)
29
Return to Shareholders
32% 32% 32%29%32%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
2005-06 2006-07 2007-08 2008-09 2009-10
Perc
enta
ge
308412
562 562 786
Dividend Payout Ratio
Target Dividend Payout Ratio 40%
Bonus Issues
Return to Shareholders
Bonus Issue in 1997-98: One share against Two shares held
Bonus Issue in 2000-01 : One share against Two shares held
Bonus Issue in 2004-05 : One share against Two shares held
Bonus Issue in 2007-08 : One share against Two shares held
An investor who invested Rs. 1,000 in MSSL in 1993 would have a value of Rs. 3,85,200 as on 30th Sep, 2010.
30
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
31
Targets for 2015
MSSL declared its targets for 2015 in its annual Report for 2009-10
Vision 2015
SalesUSD 5 Bn
ROCE40%
Sales from Global
Customers70%
Dividend Payout Ratio
40%
Global Presence
26-27 Countries
32
67022
2595620281
1015515276
5000
15000
25000
35000
45000
55000
65000
2005-06 2006-07 2007-08 2008-09 2009-10
Rs.
in M
illio
nGrowing Consistently
36% 37%44%
60%
33%29%
0%
10%
20%
30%
40%
50%
60%
70%
80%
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
Per
cen
tag
e
Total Sales Sales Outside India
33
Performance H1 2010-11
Rs in Crores
SALESH1 Financial Year
2009-102010-11 2009-10 Growth (%)
Consolidated
CustomersWithin India
1,390.18 887.81 56.6% 2,043.12
Customers Outside India
2,384.62 2,104.07 13.3% 4,659.07
Total 3,774.80 2,991.88 26.2% 6,702.19
Standalone Sales
Customers Within India
1,071.63 630.19 70.1% 1,487.11
Customers Outside India
123.87 105.86 17.0% 217.77
Total 1,195.50 736.05 62.4% 1,704.88
34
Consolidated Financial Performance Updates on Results – H1 2010-11
Rs. in Crores
MSSL ConsolidatedH1 Financial Year 2009-
102010-11 2009-10 Growth (%)
Domestic Sale 1,390.18 887.81 56.6% 2,043.12
Export Sale 2,384.62 2,104.07 13.3% 4,659.07
Total Sales 3,774.80 2,991.88 26.2% 6,702.19
Raw Material Consumed 2,355.66 1,860.57 26.6% 4,165.88
Expenditure 1,117.93 1,005.66 11.2% 2,088.88
PBIDT ( after exceptional expenses) without FCCB
388.92 215.04 80.9% 669.22
FCCB Loss on exchange fluctuation (5.57) 20.38 -127.4% (25.81)
Interest 26.66 26.67 0.0% 63.48 Depreciation 119.17 118.17 0.8% 260.10
PBT 254.71 17.12 1387.6% 342.79
TAX 94.66 33.68 181.1% 109.38
PAT 160.05 (16.55) 1066.8% 233.42
PAT after minority interest 145.54 26.05 458.8% 242.77
EPS (Basic) 3.78 0.73 417.8% 6.48
EPS (Diluted) 3.67 0.73 402.7% 6.07
35
1,122
7,057 8,991
-1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10,000
Consolidated (31.03.10) Consolidated (30.09.10)
FCCB Loans
Debt Position
30.09.2010 31.03.2010
Consolidated 3,035 3,431
Cash and Bank Balances Rs. Million
Rs.
in M
illion
8,179
Rs.
in M
illion
4,130
1,122
3,008 5,580
-
2,000
4,000
6,000
Standalone(31.03.10) Standalone(30.09.10)FCCB Loan
30.09.2010 31.03.2010
Standalone 357 365
Cash and Bank Balances Rs. Million
Consolidated
Standalone
36
SMR
37
(Impacted due to EUR to INR conversion – 13% decline in Euro from 67.8 to 59.1 in current quarter)
Rs. in Crores
SMR Results (INR)H1 Financial Year
2009-102010-11 2009-10 Growth (%)
Net Sales 2,120.99 1,856.27 14.3% 4,158.71 - Within India 112.60 68.55 64% 159.26 - Outside India 2,008.39 1,787.72 12% 3,999.45 Profit Before Interest, Tax, Depreciation & Exceptional items (EBITDA)
146.07 60.25 142% 236.15
Depreciation 61.30 70.90 150.20 Exceptional Income/(Expense) -Restructuring Cost
- (40.08) (43.02)
Profit Before Tax 72.61 (63.19) 10.71 Minority Share 20.20 (35.90) 2.79 Profit After Tax (Concern Share) 19.52 (32.67) 5.88
EUR'000
Sales in Euro '000 359,112 273,592 31.3%
38
MSSL Overview
Ownership Structure
Focus on Financials
The Growth Story
Customer Recognition
Group Overview
Overall Performance Award- Platinum
2009-10
Customer Recognition
Manufacturing Excellence2009- 10
Warranty Improvement Award
2009- 10
Focused Cost Down Award
2009- 10
System Audit Rating Award
2009- 10
39
Customer Recognition
Best Vendor Award 2007
Best Cooperation Award2008
National Top Performerfor Service Part Supply
2008
Outstanding Performance in Development
for the year 2008-09
Gold Award in Delivery 2008-09
Significant Contribution & Overall Performance in
Wiring Harness Category2009
Best Quality Supplier Award,
2009
Award For Achieving Quality Targets In The Year
2009
Zero PPM Award2009
Best Vendor Award in Quality and Delivery 2009
40
Customer Recognition
Global Supplier of The Year2004
Award for Best performance Supply Chain Management
2007-08
QDC Award 2006Award For QCDDM (Electrical) -2007-08
Bronze Level Certification received in Supplier Quality Excellence
Process
Excellence in Quality
2009
Best Response to New Part Development
2007 Outstanding Support In Design &
Development
41
Customer Recognition
Outstanding Efforts On Quality
Improvement 2007
Award for Outstanding Overall Performance
2007-08
Quality Improvement Award 2007
Outstanding Supplier Performance Award 2005
Award for Best Supplier 2006
Outstanding DeliveryPerformance 2009
Overall Best Supplier Award
2005-06
Best Supplier for Strategic support
2005-06
42
Safe HarborThis presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentationis 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, offeringcircular or offering memorandum and is not an offer or invitation to buy or sell any securities, nor shall part, or all, of this presentationform the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. Furthermore, thispresentation is not an offer of securities for sale in the United States, India or any other jurisdiction. Securities may not be offered or soldin the United States absent registration or an exemption from registration. Any public offering in the United States may be made only bymeans of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and itsmanagement, as well as financial statements. Any offer or sale of securities in a given jurisdiction is subject to the applicable laws ofthat jurisdiction.
This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of theCompany, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknownrisks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of theCompany or industry results, to differ materially from the results, financial condition, performance or achievements expressed or impliedby such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this presentation are cautioned notto place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-lookingstatements 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 orliability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. TheCompany assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of anysubsequent development, information or events, or otherwise. Unless otherwise stated in this presentation, the information containedherein is based on management information and estimates. The information contained herein is subject to change without notice andpast performance is not indicative of future results. The Company may alter, modify or otherwise change in any manner the content ofthis 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 themarket position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of thepotential future performance of the business of the Company.
This presentation speaks as of 10th November 2010. Neither the delivery of this presentation nor any further discussions of theCompany with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairsof the Company since that date.
43
Thank You …
A Relationship Built on Trust
44
