Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Jaguar Land Rover — Investor Presentation (June 2013)
21 slides from Tata Motors Passenger Vehicles's investor presentation, June 2013
Slide 1: Jaguar Land Rover Overview
Jaguar Land Rover Overview June 2013 1
Slide 2: Confidentiality and disclaimer
Confidentiality and disclaimer IMPORTANT NOTICE The information contained in this presentation is confidential and remains the property of Jaguar Land Rover Automotive plc and its subsidiaries. The information contained in this presentation may not be used, copied, reproduced or disclosed, in whole
Slide 3: Agenda
Agenda Key topics Page Business overview 4 Recent financial performance 13 Closing Q&A 19 3
Slide 4: Our business
Our business Jaguar Land Rover Luxury / all-terrain premium passenger vehicles with globally recognised iconic brands FY12-13 retail volume: FY12-13 Revenue: FY12-13 PBT: 374,636 units £15.8bn £1.7bn Premium sports saloons and sports cars Type Premium all-terrain vehicles Tradition of perfor
Slide 5: Corporate and Financing structure
Corporate and Financing structure Tata Motors Ltd (India) £795m Revolving credit facility 100 % Issuer TML Holdings PTE Ltd (Singapore) £500m Notes due 2018 Guarantors 100 % $410m Notes due 2018 $410m Notes due 2021 Jaguar Land Rover Automotive plc £500m Notes due 2020 $500m Notes due 2023 100 % 100
Slide 6: Clear business strategy
Clear business strategy Strong global brands Maintain strong Substantial liquidity investment Profitable Exciting new volume growth products Meet customer and legislative requirements 6
Slide 7: Award-winning products
Award-winning products Two award-winning design teams led by accomplished designers Ian Callum and Gerry McGovern Jaguar and Land Rover collectively received more than 110 awards from leading international motoring writers, magazines and opinion formers in 2012 “North American Truck of the Year”
Slide 8: Recent launch: All-New Range Rover
Recent launch: All-New Range Rover Start of retail sales The All-New Range Rover December 2012 • Enhanced performance and handling on all terrains, and significant advances in environmental sustainability • The world’s first SUV with a lightweight all-aluminium body • All-aluminium body shell has he
Slide 9: Strong volume and revenue growth
Strong volume and revenue growth Wholesale volume evolution Revenue evolution (‘000 units) (£ millions) +18% +17% +29% +37% +26% 372 +51% 15,784 314 13,512 244 9,871 194 6,527 2010 2011 2012 2013 2010 2011 2012 2013 9
Slide 10: Significant improvement in profitability
Significant improvement in profitability EBITDA(1) and margin Profit before tax and margin (£ millions) (£ millions) 17.0% 11.3% 11.2% 15.2% 15.0% 15.2% 10.6% 15.0% 2,402 13.0% 1,507 1,675 2,027 11.0% 1,115 1,502 9.0% 7.0% 5.3% 5.0% 3.0% 349 1.0% 0.8% 51 (1.0%) (2) FY10 FY11 FY12 FY13 FY10 FY11 FY12
Slide 11: Strong cash flow from operations to fund investment
Strong cash flow from operations to fund investment Cash flow before product investment Product investment Free cash flow before financing(1) (£ millions) (£ millions) (£ millions) 2,643 2,850 2,518 2,350 2,048 1,776 1,850 1,560 1,350 900 876 958 685 786 850 595 350 (101) (150) FY10 FY11 FY12 FY13 F
Slide 12: Agenda
Agenda Key topics Page Business overview 4 Recent financial performance 13 Closing Q&A 19 12
Slide 13: 12 month retail volumes by carline
12 month retail volumes by carline Jaguar – 12 months FY13 vs 12 months FY12 Land Rover – 12 months FY13 vs 12 months FY12 Up 26% 316 13 18 252 57 30 56 113 New Range Rover 52 Range Rover Range Rover Up 8% Sport 45 Range Rover 46 Evoque XK Discovery 54 58 Freelander 4 XJ 47 54 5 16 16 Defender XF 33
Slide 14: 12 month retail volumes by geography
12 month retail volumes by geography UK North America China 12 month FY13 Up 20% Up 9% Up 48% All other UK 77 markets 19.3% 72 (ROW) 60 63 Asia 16.9% 58 Pacific 52 4.8% North 57 68 Europe America 46 44 50 (ex. 16.8% 45 Russia) 21.6% 14 15 14 13 9 China 7 20.6% 12 months 12 months 12 months 12 months
Slide 15: Key financial metrics – Q4 and full year
Key financial metrics – Q4 and full year Key metrics - IFRS Quarter ended 31 March Year ended 31 March (£ millions, unless stated) 2013 2012 Change 2013 2012 Change Retail volumes ('000 units) 115 99 16 375 306 69 Wholesale volumes ('000 units) 116 98 18 372 314 58 Revenues (IFRS) 5,053 4,144 909 15
Slide 16: Strong financing structure
Strong financing structure Key financial indicators - IFRS (£ millions, unless stated) 31 March 2013 31 March 2012 Change Cash 2,847 2,430 417 Long term undrawn credit facilities 795 710 85 Other undrawn committed facilities 70 139 (69) Total liquidity 3,712 3,279 433 Total equity 3,539 2,924 615 To
Slide 17: Extended debt maturity profile
Extended debt maturity profile B2 B l oan s w ith ple dge d dep osits Worki ng cap ital fina ncin g U nsecu red sen ior no te s £m 754 800 600 500 400 306 770 329 270 500 200 220 329 0 0 0 0 0 270 86 0 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 Note: The difference between the aggregated debt maturitie
Slide 18: Other developments
Other developments Engines – investing in new engine facility F-TYPE – World car design of the year All new Range Rover Sport New China JV 18 18
Slide 19: Summary
Summary Strong performance in 2012/13 In the 2013/14 fiscal year, focus is on: - continuing to build sales momentum with the new Range Rover, Jaguar XF Sportbrake and other new derivatives - successfully launching Jaguar F-TYPE and new Range Rover Sport - continuing to invest in more new products an
Slide 20: Agenda
Agenda Key topics Page Business overview 4 Recent financial performance 13 Closing Q&A 19 20
Slide 21: Q&A
Q&A Globally recognised iconic premium brands Award-winning design Technical excellence Strong expected global growth of premium segments Significant JLR growth based on broadening model line-up and improved emerging markets presence Expansion of manufacturing footprint into China and possibly other
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