Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q1 FY2006 Earnings Presentation
15 slides from Tata Motors Passenger Vehicles's earnings presentation, Jul 29, 2005
Slide 1: Tata Motors 1Q FY06 Results Review
Tata Motors 1Q FY06 Results Review 29th July, 2005
Slide 2: Forward-looking statements
Statements in this presentation describing the Company’s objectives, projections, estimates, expectations may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors th
Slide 3: Agenda
Agenda • 1Q FY06 Results • Operational Highlights 2
Slide 4: 1Q FY06 Financial Performance (Unconsolidated)
1Q FY06 Financial Performance (Unconsolidated) Rs crores 1QFY06 1QFY05 FY05 Gross Revenue 4,567.7 4,244.9 2,048.3 ¾ Net Revenues up Net Revenue 3,878.1 3,574.1 1,741.9 8.6% EBITDA 487.8 429.4 217.1 EBITDA M argin 12.6% 12.0% 12.5% ¾ EBITDA margin at Other Income 58.3 41.2 16.6 12.6%; up 60bps Net In
Slide 5: Net Revenues and Volume Growth
Net Revenues and Volume Growth 87,492 84,918 60,395 3,878 3,572 2,502 1Q FY04 1Q FY05 1Q FY06 Net Rev (Rs. Crs) Volumes CAGR of 15.7% achieved in 1Q Net Revenues of last 3 Years Against CAGR of 13.2% achieved in 1Q Volumes of last 3 Years 4
Slide 6: Profitability
Profitability EBDITA Margin Net Profit (Profit after Tax) Margin % % 15 10 13.3 12.6 12.0 8 7.0 6.2 10 6 4.0 4 5 2 0 0 1Q FY04 1Q FY05 1QFY06 1Q FY04 1Q FY05 1QY06 5
Slide 7: Working Capital Management
Working Capital Management Inventory Receivables Days of sale Days of sale 60 40 38 30 35 33 40 18 20 20 9 7 10 0 0 1Q FY04 1Q FY05 1Q FY06 1Q FY04 1Q FY05 1Q FY06 As on 30th June, 2005 Net Working Capital was negative Rs.282.7 crs after adjusting the Investible Surplus 6
Slide 8: Balance Sheet Size
Balance Sheet Size Net Capital Employed Gross and Net Debt Rs cr Rs cr 10,000 3,306 3,500 3,000 2,808 8,000 2,495 6,181 2,500 6,000 2,000 4,587 1,500 1,184 4,000 721 1,000 2,000 500 - 0 (500) -90 31st March, 2005 30th June, 2005 Mar 31, '05 April 1, '05 Jun 30, '05 (Capital Employed and Debt have be
Slide 9: Performance of Key Subsidiaries
Performance of Key Subsidiaries ¾ The combined turnover of the key six subsidiaries stood at Rs 677 cr in 1QFY06 against Rs.656 cr during 1QFY05. ¾ Strong performance recorded by Tata Technologies (162% growth in Net Profit) and TELCON (66% growth in Net Profit). ¾ Decline in TDCV revenues and profi
Slide 10: Agenda
Agenda • 1Q FY05 results • Operational Highlights 9
Slide 11: Sales Performance
Sales Performance Total Sales Volumes Units 100,000 ¾ Total Volume growth of 3% 84,918 87,492 ¾ Domestic volumes down 3% 80,000 41,766 44,550 ¾ Exports volumes +113% 60,000 ¾ International Business 40,000 revenues (incld. TDCV) were 17% of the total consolidated 43,152 revenues. 42,942 20,000 0 1Q F
Slide 12: Commercial Vehicles
Commercial Vehicles Total CV Sales ¾ Total CV Volumes stagnant Units Domestic volumes down 7% 50,000 M/HCVs : -20%, LCVs :+ 22% 43,152 42,942 Exports grew 74% 3,275 5,714 M/HCVs : +29%, LCVs : +97% ¾ Market share in the total CV segment : April’05 : 49.6% 25,000 39,877 May’05 : 56.6% 37,228
Slide 13: Passenger Vehicles
Passenger Vehicles Total PV Sales ¾ Total PV Volume growth of 7% Units Domestic volumes up marginally 50,000 44,550 by 1%; 41,766 985 3,359 Export volumes grow 241% ¾ PV domestic market share at 16.1%; down 130bps 25,000 40,781 41,191 Continues to be second-largest player ¾ Passenger car marke
Slide 14: Going forward….
Going forward…. ¾ Continuing input cost pressure ¾ Increase in Global Crude Oil prices - a serious cause of concern ¾ Interest rates movement needs to be watched closely 13
Slide 15: Thank You
ap TATA Thank You TATA MOTORS