Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — FY2013 Earnings Presentation
24 slides from Tata Motors Passenger Vehicles's earnings presentation, May 29, 2013
Slide 1: FY13 Results Review
FY13 Results Review May 29, 2013
Slide 2: Tata Motors
Tata Motors Statements in this presentation describing the objectives, projections, estimates and expectations of the Company i.e. Tata Motors Ltd and its direct and indirect subsidiaries and its associates may be “forward looking statements” within the meaning of applicable securities laws and regu
Slide 3: Table of Contents
Table of Contents : Consolidated Financials Tata Motors Standalone Jaguar Land Rover Other Subsidiaries Way Forward 3
Slide 4: Consolidated Financials – P&L
Consolidated Financials – P&L Tata Motors Consolidated Rs Crores FY 13 FY 12 % Change Q4 FY 13 Q4 FY 12 % Change Net Revenue 188,818 165,654 14% 56,002 50,908 10% EBITDA 26,569 23,700 12% 8,329 7,179 16% EBITDA % 14.1% 14.3% (20 bps) 14.9% 14.1% 80 bps PAT 9,893 13,517 (27%) 3,945 6,234 (37%) Jagu
Slide 5: Consolidated Financials - Balance Sheet
Consolidated Financials - Balance Sheet Tata Motors Consolidated (Rs. In Crores) Mar-13 Mar-12 Equity and Liabilities 1,70,026 144,931 Net Automotive Debt Equity as on Mar 31, 2013 stood at 0.24:1 Shareholders' Funds 38,007 33,006 Long Term Liabilities 45,733 38,657 Capex & product development spend
Slide 6: Standalone Business
TATA MOTORS > TATA Standalone Business
Slide 7: Standalone Financials – P&L
Standalone Financials – P&L Tata Motors Standalone Rs Crores FY 13 FY 12 % Change Q4 FY13 Q4 FY12 % Change Net Revenue 44,766 54,307 (18%) 11,068 16,391 (32%) EBITDA 2,144 4,412 (51%) 402 1,561 (74%) EBITDA % 4.8% 8.1% (330 bps) 3.6% 9.5% (590 bps) PAT 302 1,242 (76%) (312) 565 NM • Weak macro-econo
Slide 8: Standalone Financials - Balance Sheet
Standalone Financials - Balance Sheet Tata Motors Standalone (Rs. In Crores) Mar-13 Mar-12 Equity and Liabilities 52,185 54,261 Net Debt Equity as on March 31, 2013 Shareholders’ Funds 19,135 19,368 stood at 0.83:1 Long Term Liabilities 11,945 12,755 Current Liabilities 21,105 22,138 Capex & product
Slide 9: Commercial Vehicles
Commercial Vehicles : Our market share for FY 13 Slowdown in economic activity, sluggish infrastructure stood at 59.5% spending and weak macro outlook coupled with higher operating costs for transport operators has adversely impacted demand in the MHCV industry. 1.1% We have grown and consolidat
Slide 10: Passenger Vehicles
Passenger Vehicles : Overall domestic Passenger vehicles industry declined Y-oY by 13% during Q4 FY 13, and was flattish in FY Micro Compact 13, Midsize Premium / Luxury However, the SUV segment showed robust growth, Utility Vehicles Vans mainly supported by new launches. Executive 333,044 Pas
Slide 11: Exports
Exports : Exports were supported by markets like Nepal, Thailand, South Africa and MENA countries, while our larger markets, Sri Lanka & Bangladesh continued to decline. PVBU CVBU 63,105 (19.3)% 50,938 (36.1)% 17,877 11,422 Q4 FY 12 Q4 FY 13 FY 12 FY 13 11
Slide 12: Tata Motors Standalone – Highlights
Tata Motors Standalone – Highlights • Highest ever sales of the Ace family at over 325,000 during FY 13. The Tata Ace family crossed 1,000,000 sales since launch • Expansion of market share in the LCV segment by 200 basis points to 62.2% in FY13 • Jamshedpur plant rolled out its 2,000,000th truck •
Slide 13: Jaguar Land Rover
Jaguar Land Rover
Slide 14: Jaguar Land Rover Financials – P&L
Jaguar Land Rover Financials – P&L Jaguar Land Rover £ millions FY 13 FY 12 Change Q4 FY13 Q4 FY12 Change Net Revenue 15,784 13,512 17% 5,053 4,144 22% EBITDA 2,402 2,027 19% 856 605 42% EBITDA % 15.2% 15.0% 20 bps 16.9% 14.6% 230 bps PBT 1,675 1,507 11% 508 530 (4%) PAT 1,215 1,481 (18%) 378 696 (4
Slide 15: Jaguar Land Rover Financials – Balance Sheet
Jaguar Land Rover Financials – Balance Sheet Jaguar Land Rover (GBP millions) Mar-13 Mar-12 Cash and financial deposits stood at Equity and Liabilities 12,837 10,217 GBP 2,847 m. Undrawn committed lines at GBP 865 m Shareholders’ Funds 3,539 2,924 Non-Current Liabilities 3,301 2,252 Gross Debt stood
Slide 16: Jaguar Land Rover – Wholesale Volumes and Market Mix
Jaguar Land Rover – Wholesale Volumes and Market Mix : FY13 Continued strong overall volume growth FY 13 volume growth reflects strong demand, recent Overseas North 372,062 16.8% America 18.3% product actions and growth 17.5% Asia Pacific in China 4.9% 314,433 UK Recent Product actions China Reg
Slide 17: Jaguar Land Rover - Highlights
Jaguar Land Rover - Highlights : Y-o-Y Revenue growth of 17% with continued strong demand from China. EBITDA margin at 15.2% for FY13 reflective of: - wholesale volume increase - more favourable foreign exchange (eg average $:£ rate from 1.60 in FY12 to 1.58 in FY13) - richer product mix supported b
Slide 18: Other Subsidiaries
<p TATA MOTORS TATA Other Subsidiaries
Slide 19: Other Key Subsidiaries
Other Key Subsidiaries : Tata Motors Finance * Tata Technologies (Rs. Crores) FY13 FY12 (Rs. Crores) FY13 FY12 Net Revenue 2,890 2,097 Net Revenue 1,995 1,643 Op. Margin % 16.0% 17.3% EBITDA % 19.2% 17.1% PAT 309 240 PAT 301 208 Tata Daewoo # TML Drivelines Ltd. (KRW bn) FY13 FY12 (Rs. Crores) FY13
Slide 20: Way Forward
Way Forward
Slide 21: Way Forward - Tata Motors
Way Forward - Tata Motors : External environment and overall economic activities remain stressed, resulting in the overall demand continuing to remain under pressure, mainly for the MHCV segment Demand in the SCV segment remains strong Competitive intensity resulting in higher marketing costs.
Slide 22: Way Forward - Tata Motors
Way Forward - Tata Motors : Several initiatives under aggressive implementation in the passenger car business to achieve performance improvement Regular product refresh plans in pipeline Customer experience and engagement Distribution expansion and improving effectiveness Cost effectivenes
Slide 23: Way Forward – Jaguar Land Rover
Way Forward – Jaguar Land Rover : Continuing focus on both refreshed and new Jaguar and Land Rover products. Continuing to build sales momentum in FY 14 with the new Range Rover, Jaguar XF Sportbrake and other new derivatives, and successfully launching Jaguar F- TYPE and New Range Rover. Diesel
Slide 24: Tata Motors - Contact Information
Tata Motors - Contact Information : Analyst Presentation & Business Review is available on our website http://www.tatamotors.com/investors/investors.php For Institutional Investors : For Retail Investors & HNI : Vijay B Somaiya Hoshang Sethna Head of Investor Relations & Treasury Company Secretary T