1. business and industrial

Results for the Six Months Ended September 30, 2014
November 2014
Summary

This is the first fiscal year of consolidation under IFRS, therefore there are no comparative prior period
figures available and accordingly no comparable prior period figures for the quarter have been given.

These financials statements have been prepared under IFRS for reporting to bondholders in accordance
with the offering memorandum.

In quarter July ~September automotive demand is generally lower due to summer holidays and customer
block closure mainly in European markets. Due to this seasonality effect on account of summer holidays,
revenues and financial performance for quarter ended September 30, 2014 may not be comparable to
previous quarter ended June 30, 2014.

Motherson Sumi Systems Limited (MSSL), ultimate parent Company, being listed entity in India
announces consolidated results on quarterly basis as per Indian GAAPs in Indian Rupees (INR). As a part
of such quarterly disclosures, MSSL also discloses results of SMR Group (Samvardhana Motherson
Reflectec Group Holdings Limited and its subsidiaries) and Samvardhana Motherson BV (SMBV), which
acquired stake in Peguform GmbH and Peguform Iberica including their subsidiaries in November 2011.
SMBV has been renamed as Samvardhana Motherson Automotive Systems Group BV (SMRP BV) which
acquired shareholding of Samvardhana Motherson Reflectec Group Holdings Limited (SMR) on June 13,
2014 from Samvardhana Motherson Group Holdings Limited, Cyprus in share exchange deal.
(http://www.motherson.com)

In response to feedback of investors/analysts we have incorporated financial performance of SMP & SMR
in terms of revenue and EBITDA for last six quarters as used for consolidation in MSSL results under
Indian GAAPs. These figures are translated as per exchange rate used for consolidation for respective
period. Refer Slide No. 13
1
Group Structure
Samvardhana Motherson International
Limited (SMIL)
49%
49%
Motherson Sumi
Systems Ltd (MSSL)
51%
51%
Samvardhana Motherson
Global Holdings Ltd
(SMGHL), Cyprus
Samvardhana Motherson
Polymers Limited
India
69%
5%
100%
Samvardhana Motherson
Peguform GmbH, Germany
31%
100%
Samvardhana Motherson
Automotive Systems Group
B.V.(SMRPBV)
SMP Automotive
Technology Ibérica
S.L., Spain
100%
SMP Automotive Interiors
(Beijing) Co. Ltd.
98.5%
Samvardhana Motherson
Reflectec Group Holdings
Limited, Jersey
95%
SMP Deutschland GmbH,
Germany
Corporate Structure as on Sept 30, 2014 and is not a legal structure
2
Global Presence
 37 manufacturing
plants
 16 countries
 9 logistics centers
 Workforce of 18,500+
 Strong global manufacturing
infrastructure and capabilities
– “Just-in-time" and "Just-in-sequence" supplies
– Close proximity to OEMs plants enhancing interdependency and lean supply chain
– Competitive “low-cost” production footprint
(China, India, Brazil and Mexico)
Manufacturing and assembly plants
Development, engineering, project management and sales commercial centres
R&D centres
Module and sequence centres
3
Revenue & EBITDA
For period ended September 30, 2014
1,200
700
1,600
1,000
600
€ Mio
200
200
-
100
-
Q1
Q2
Q1
YTD
576
1,033
300
284
400
400
292
400
600
493
833
777
800
500
800
540
1,200
€ Mio
2,000
1,609
€ Mio
Revenue
Q2
-
YTD
Q1
Q2
YTD
EBIDTA / % to Revenue
6.8%
5.6%
60
20
-
-
YTD
8.8%
40
9.2%
52
€ Mio
30
10
Q2
58
40
20
Q1
50
5.4%
27
40
53
57
60
5.7%
31
6.8%
110
80
€ Mio
50
6.8%
30
20
26
60
100
€ Mio
9.0%
26
120
10
Q1
Q2
YTD
Q1
Q2
YTD
4
Revenue for six months ended September 30, 2014
By Customer & By Region
Diamler
5%
Porsche
4%
Ford GM
4% 3%
JLR
2%
Others
6%
Renault /Nissan
5%
Audi
29%
Hyundai/Kia
8%
Americas
12%
BMW
9%
Seat
10%
VW
15%
APAC
18%
Europe
70%
5
Cash & Debt Status - As at September 30, 2014
Cash
NET DEBT (NET OF CASH)
85.7
All figures in € Million
30.06.14
30.09.14
€ 402.1
€ 484.7
€ 523.9
GROSS DEBT
606.0
564.7
€700
€500
23.5
25.9
43.5
34.7
23.8 4.3
€ Millions
€60
€50
31.3.14
30.6.14
30.9.14
Key Highlights:
 Issued € 500 million 4.125% High Yield
Senior Secured Notes (due 2021)
€400
484.4
€300
471.8
401.0
€200
€100
14.7
€31.3.14
€70
€30
44.1
27.3
59.5
€80
€40
487.8
€600
82.1
€90
€ Million
31.03.14
80.0
30.6.14
Term Debt
Working Capital Loan
RCF 1 (including Ancillary Facilities)
30.9.14
Secured Bonds (Net of Bond expenses)
Finance Lease
RCF 2
 Proceeds used to repay certain term
loans, working capital facilities &
finance leases
 Entered into € 125 million revolving
credit facility (RCF 1). Utilised € 34.7
million (including ancillary facility)as on
30th Sept 14
 Entered into € 50 million secondary
revolving facility (RCF 2). Utilised €44.1
million as on 30th Sept 14 for tooling &
engineering projects for new launches 6
Liquidity Status - As at September 30, 2014
€ in Millions
RCF 1 (including Ancilary facility)
RCF 2
Cash and Cash Equivalent
Limit
Available
125.0
50.0
Utilised as at
30th Sept 14
Liquidity
Available
34.7
44.1
Total Liquidity Available
90.3
5.9
82.1
178.3
 SMRPBV entered into €125 million committed revolving facility (RCF 1) valid till 2019
 SMP Deutschland Gmbh (Subsidiary of SMRPBV) entered into € 50 million (RCF 2) committed secondary
revolving facility valid till 2016.
 These credit lines are executed to provide liquidity to the company to meet it’s operational cash
requirement.
 As on September 30, 2014, RCF 1 was utilised for €34.7 million (including ancillary facilities) to meet
operational cash requirement for working capital due to seasonality effect during quarter ended
September 30, 2014 due to summer holidays.
 RCF 2 was utilised for €44.1 million as on September 30, 2014 to meet funding requirement for tooling
and engineering projects for new launches.
7
Capital Expenditure
For six months ended September 30, 2014
Key Highlights:
Others
9.7%
Mexico
3.7%
Schierling,
Germany
36.3%
France
3.7%
Hungary
4.7%
USA
6.0%
 Schierling, Germany: € 34.4 Million
New plant for exterior module
business
 Polinya, Spain: € 11.0 Million
New paint line to add capacities and
bring
further
operational
efficiencies.
 Michigan, USA: € 5.6 Million
New plant for mirror business
€ 94.7million
 Oldenburg-Germany € 5.3 Million
New paint line
 Bötzingen, Germany: € 4.9 Million
Brownfield production facility For
manufacturing
of
plastic
components to meet new order
Spain
14.4%
Germany
21.5%
Approximately 70% of capital expenditure amounting to € 66.2 million was
incurred on new facilities/expansion
 France: € 3.5 Million
Vertical integration for Actuator (key
component of mirror business)
 Mexico: € 1.5 Million
Greenfield plant in Zitlaltepec
8
Upcoming facilities - Europe
Company : SMP
Location : Oldenburg (Germany)
Type : New Painting facility
Products : Bumpers & Rocker Panels
Start of Operation : Q3 FY14-15
Company : SMP
Location : Schierling (Germany)
Type : Greenfield Plant
Products : Bumpers
Start of Operation : Q3FY14-15
Paint
Shop
Paint Shop
Company : SMP
Location : Polinya (Spain)
Type : New Painting facility
Products : Bumpers
Start of Operation : Q1 FY15-16
Paint
Line
Company : SMP
Location : Boetzingen (Germany)
Type : Brownfield Expansion
Products : Door Panels based on natural
fibre plastic
Start of Operation : Q 3FY15-16
Outside view
9
Upcoming facilities – Asia Pacific
Company : SMP
Location : Beijing (China)
Type : Greenfield Plant
Products : Door Panels
Start of Operation : Q1 FY 16-17
Outside view
Company : SMR
Location : Chongqing (China)
Type : Greenfield Plant
Products : Exterior Mirrors
Start of Operation : Q4 FY 14-15
Outside view
Company : SMP
Location : Foshan (China)
Type : Greenfield Plant
Products : A/B/C pillars
Start of Operation : FY 14-15
10
Upcoming facilities – Americas
Company : SMR
Location : Marysville (USA)
Type : New plant and significant capacity
expansion
Products : Exterior mirror
Expected : Q1 FY 15-16
Outside view
Inside view
Inside view
Company : SMP
Location : Zitlaltepec (Mexico)
Type : Greenfield plant
Products : Bumpers, Rocker panels,
Wheel covers, Roof spoilers
Expected : Q 1 FY 16-17
Architectural Impression
11
Summary of Cash Flow
For the six months ended September 30, 2014
Statement of Cash Flow for Six Months Ended Sept 30, 2014
Cash flow from operating activities before changes in
working capital and income tax
Changes in working capital
Income tax paid
Cash flow from operating activities
€ millions
113.8
(63.4)
(20.3)
30.1
Purchase of property, plant and equipment (including PrePayments)
Acquisition of Minority Interest at SMP
Others
Cash flow from investing activities
(82.6)
(28.9)
1.5
(110.0)
Proceeds from issue of bond (net of issue cost)
Proceeds from borrowings
Repayment of borrowings/finance leases
Net Repayment of Shareholders Loan
Interest Paid
Others
Cash flow from financing activities
484.4
115.1
(439.1)
(68.3)
(10.6)
(6.0)
75.6
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Variation in cash and cash equivalents from translation in
foreign currencies
Cash and cash equivalents at the end of the period
(4.3)
85.7
0.8
82.1
12
SMP & SMR: Quarterly Overview:
Under Indian GAAPs
Sales
EBIDTA* / % to Sales
13-14
350
300
13-14
14-15
35
283 295
293
257
285
295
30
€ Million
€ Million
200
150
50
5
-
Q2
Q3
29
27
31
27
Q1
Q2
13-14
14-15
35
531
434
464
486
504
Q3
Q4
30
14-15
6.0%
5.5%
6.0%
6.0%
5.9%
4.6%
25
€ Million
400
300
200
32
20
15
28
26
27
29
23
10
100
5
-
Q1
Source : MSSL Website
8.8%
23
24
10.1%
EBIDTA* / % to Sales
13-14
493
9.1%
-
Q4
Sales
€ Million
15
10
600
8.6% 9.1%
20
100
Q1
10.6%
25
250
500
14-15
Q2
Q3
Q4
-
Q1
Q2
Q3
Q4
{* Before exchange loss/ (Gain) and exceptional expenses}
13
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 Samvardhana Motherson Automotive Systems Group BV (the “Company”).

Any reference in this presentation to “Samvardhana Motherson Automotive Systems Group BV ” shall mean, collectively,
the Company and its subsidiaries.

The graphical presentation of the results has been prepared from Unaudited Interim Condensed financial statements for the
six months ended September 30, 2014, the same are available on the website of the company (http://www.smrpbv.com)

This presentation contains financial performance of SMP & SMR in terms of revenue and EBITDA for last six quarters as used
for consolidation in MSSL results under Indian GAAPs. These figures are translated as per exchange rate used for
consolidation for respective period. This has been incorporated on feedback of investors & analysts.

The Company’s financial information included herein has been prepared on the basis of the Unaudited Interim Condensed
Financials, prepared in accordance with the IFRS. No assurance is provided for differences between Indian GAAP and IFRS.
Certain differences exist between Indian GAAP and International Financial Reporting Standards (IFRS) which might be
material to the financial information contained herein. In making an investment decision, investors must rely upon their
own examination of the Company and the financial information.

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.

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.
14
Thank You