Tata Motors Limited · NSE:TMCV
Tata Motors — FY2014 Earnings Presentation
30 slides from Tata Motors's earnings presentation, May 30, 2014
Slide 1: Form 6-K Tata Motors Limited
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the Month of May 2014 Commission File Number: 001-32294 TATA MOTORS LIMITED (Translation of registrant’s name into English) BOMBAY
Slide 2: Table of Contents
TABLE OF CONTENTS Item 1: Form 6-K dated May 29, 2014 along with the Press Release.
Slide 3: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised. Tata Motors Limited By: /s/ Hoshang K Sethna Name: Hoshang K Sethna Title: Company Secretary Dated: May
Slide 4: Jaguar Land Rover results for the year ended March 2014
Jaguar 29 MayLand 2014Rover results for the year ended 31 March 2014
Slide 5: Disclaimer
Statements Disclaimer be regulations, Q4 to 2Consolidated the 31 “forward-looking FY14 March Company’s represents intax 2014 results this laws operations presentation FY13 the of statements” andJaguar 3represents other month include, Land statutes describing period within the Rover among 12 and from
Slide 6: Participants
Kenneth Participants Bennett Treasurer C. 3CFO Ramakrishnan Tata Jaguar Birgbauer Gregor Jaguar Motors LandLand Rover Rover
Slide 7: Key topics
Key topics Agenda Financial Other 4Closing developments Q&A performance Page 17 145
Slide 8: FY14 financial highlights
FY14cash Record Retail Revenue EBITDA PBT Free Cash 5Declared of and financial volumes sales, £2,501m, £19.4bn, £150m £3,393m, financial flowrevenue of highlights 434,311 dividend up £1,150m up deposits up£827m £3.6bn and £1,054m forwhich profits after the £3.5bn on onfull the with the total will pr
Slide 9: Key financial metrics
Key Quarter (£ Retail Wholesale Revenues EBITDA Profit Free *Cash revaluation EBITDA millions, financial metrics—IFRS cash 3,459 before after volumes ended *flow %(IFRS) volumes tax 920 now of 2,847 unless 17.2% tax metrics long 31 449 827 (‘000 820 defined 576 5,349 March 612 stated) 16.2% 377 term
Slide 10: Strong performance in FY14
Strong Land Jaguar -EBITDA PBT related 7PAT wholesale richer partially of of Rover retail overall to £1,879m £2,501m, product geographic of the offset volume £3,393m retail volume tender performance mix by reflects up volume mix, the increase and supported up £827m (margin impact 21k early with anup
Slide 11: Retail volumes by carline
Jaguar 59 9480 39 XK Land Up 316 354 51 31 123 45 54 16 12 Units Range 8New Defender 20months 3month 49 57 45 56 17 37% 12% F-TYPE 46 113 16 Range Rover in 16 Rover – ‘000 12retail FY13 months Range –XJ 12volumes XF 12 months Rover FY14 Total months by FY14 Sport vscarline FY14 12vs Rover months 12
Slide 12: Retail volumes by geography
UK 77 103 57 83 68 15 China 434,311 Europe Up 81 70 11 23 414 73 665 12 All 374,636 9Land 8511 month 75 60 50 17 83 72 18 63 57 months 6% 2% other North Rover 77 56 13 23.7% Up Asia units 72 19 UK retail America 12 20% 28% Jaguar 63 20 Pacific markets months 9volumes UpUnits China 34% 15% All 12 FY1
Slide 13: Consolidated income statement
Consolidated Quarter (£ Revenues Material Employee Other Product EBITDA(1) Depreciation Debt/unrealised Net Income Profit 1. 2. 3. 10 Now Includes millions, finance (expense)/Income(1)(933)(995) before after includes statement tax ended development cost 5,349 costs(463)(366)(97)(1,654)(1,334)(320) t
Slide 14: Strong consolidated cash flow
Strong Consolidated Quarter (£ EBITDA Working Tax Cash Other Free Investment Changes Dividend Finance Net 11 millions, change paid(125)(21)(104)(402)(248)(154) cash flow 50(9) (including cash ended expenses in capital 920 paid flow from in debt(437) unless 59 flow cash 820 fixed financial cash 31 —(
Slide 15: Strong key financial indicators
Strong Key (£ Financial Cash Long Other Net Total Financing Issued As Paid Facility 12 millions, of cash financial the and liquidity equity debt(2,010)(2,167) debt debt/equity term 31 undrawn $700m financing agent balance March, 1,449 cash financial deposits Activity /undrawn annualised unless 5,864
Slide 16: Key topics
Key topics Agenda Financial Other Closing 13 developments Q&A performance Page 17 145
Slide 17: Exciting new products
Exciting Discovery Concept Jaguar Announced 14 XEcar new Vision new for products new smaller Concept Discovery ...Jaguar Car family sedan to ofbe vehicles namedunveiled “XE” at at theNew Geneva YorkAuto International show in Mar Auto2014 ShowWill Discovery be launched Sportinannounced early 2015as f
Slide 18: Other developments
OtherJV New China Localisation Engine Construction Investing Brazil Plant Start 15 of capacity developments plane production plant c. £240m sourcing progressing (AJ200) on of 24,000 track targeted in completed new vehicles well, plant for Job early in forBrazil #1first 2016 in vehicle productschedul
Slide 19: Summary
Summary meet generate Sport, Very -In 16prepare continuing thestrong consumer 2014/15 Jaguar strong forperformance to launch XF fiscal build and operating Sportbrake regulatory of sales year, new incash momentum continued Discovery FY14 and requirements flows Jaguar focus towith Sport, support F-TYP
Slide 20: Key topics
Key topics Agenda Financial Looking Closing 17 Q&A ahead performance Page 18 / other developments 5 15
Slide 21: Q&A
Q&A
Slide 22: Additional slides
Additional slides
Slide 23: Q4 retail volumes by carline
Total Jaguar 2124 14 Land Up 101 13 15 Range 34 New 12 517 Q4 2056F-TYPE Total XK XF 12 23 32 Evoque Freelander retail 19% 6% FY13 XJ 95 Range retails Rover Rover – Q4 volumes Q411 Rover for –FY14 FY14 Q4 Discovery 16the Defender FY14 by vs Sport quarter carline Q4vsRange FY13 Q4 at 125k FY13 Rover
Slide 24: Q4 retail volumes by geography
301317 20 23 515 Down 26 19 16422 Land UK 19.9% 15.4% 5.0% 124,776 23.7% 20.0% Q4 All Europe 4.8% 115,471 18.8% China 22.2% 214521 22 18 25 19 retail FY14 FY13 5other 4 2North markets 17 6Rover 5 218 14 (3)% (ROW) Pacific Asia North units volumes UK Q4 America Up Jaguar Pacific FY14 markets (ex. Asi
Slide 25: Q4 wholesale volumes by carline
Jaguar Up 13 Range 34 New 121 26Evoque 16 XJ 15 Q4 225114 13 16 32 XK 12 Freelander wholesale 4% FY13 F-Type Range 12 Defender Rover –Range 99Q4 Q4 95 Discovery Up FY14 FY14 volumes Rover XF 2% Total 15 vs Rover Q44Q4 by FY13 4 FY13 carline Sport Q4Land Range FY14 Rover Rover – Q4 Sport FY14 vs Q4 F
Slide 26: Q4 wholesale volumes by geography
Down 29 25 26 14 19 UK North China Asia Europe All 120,953 4Up 20 324 15621 18 2Q 16 Q4 116,340 Land 23 8441 FY13 wholesale FY14 19% 2% 5% 3% other 21.9% 20.6% Pacific Rover America 21.1% 24.2% (2)% (4)% (ex units markets Q4Russia) Jaguar 5.1% 5.2% FY14 volumes 16.4% 15.1% (ROW) Europe 20.1% by 15.0
Slide 27: FY14 wholesale volumes by carline
Jaguar 79 58 16 10 38 Total Land Up 351 57 30 46 Range 44 52 Freelander 15 Defender 12 24 month 43XK 47 Range Evoque 57 17 months 37% 12% 314 F-Type 19 Rover 9Rover –XJ 12 Rover wholesale FY13 Discovery XF months –121 12 12 months 116 FY14 months volumes New FY14 vsRange FY14 12 byvs months carline
Slide 28: FY14 wholesale volumes by geography
Land 5.3% Russia) China 429,861 All North 4.9% 372,062 UK 25 76 59 71 53 85 104 19 Europe Up 79 69 10 23 414 73 665 1285months month 68 54 17 65 51 69 10 83 72 11 18 63 57 12% 5% other North Rover North Europe 24.2% Up Asia 19.2% units Up UK wholesale America FY14 FY13 12 24% America Jaguar 10% Paci
Slide 29: Product investment key financial indicators
Product Key Quarter (£ R&D Capitalised Expensed Investment assets Total 26 millions, financial R&D product expense 350 ended and 69 335 in expense 258 unless other 54 and indicators—IFRS tangible 31 15 198 15March other 1,414 investment stated) 236 327 60and 1,030 investment 198 990 252 122014 other
Slide 30: Revenues and EBITDA by quarter
FYmillions, (£ Revenues EBITDA 27 2014 % 2013 definition (old (restated) (IFRS) unless 16.5% 14.5% (restated) basis) 4,097 3,638 stated) 17.8% 14.8% 647 529 change 675 527 15.8% 14.5% 809 458 4,612 3,288 823 486 Q1 17.9% 14.0% impact 1,017 531 17.5% 13.9% 955 533 Q2 5,328 3,804 820 15.7% 16.9% Q3 84