Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q1 FY12 Earnings Presentation
22 slides from Tata Motors Passenger Vehicles's earnings presentation, Aug 11, 2011
Slide 1: Q1 FY12 Results Review – Press Meet
Q1 FY12 Results Review – Press Meet 11th Aug, 2011 INVESTOR RELATIONS
Slide 2: Forward-looking statements and basis of presentation
• 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 regulations. A
Slide 3: Financial Highlights: Consolidated and Standalone financials
Financial Highlights Standalone Business Consolidated financials JLR Standalone financials Other Subsidiaries Way Forward INVESTOR RELATIONS 3
Slide 4: Tata Motors Consolidated P&L (Unaudited)
Tata Motors Consolidated P&L (Unaudited) Rs Crores Q1 FY12 Q1 FY11 % change Net Revenue 33,572.5 27,055.6 24.1% EBITDA 4,461.7 3,953.3 12.9% EBITDA margin 13.3% 14.6% (130 bps) Other Income 76.1 34.6 119.9% PBT 2,345.8 2,275.4 3.1% # PAT 1,999.6 1,988.7 0.5% #* Cash Profit 3,186.6 3,093.3 3.0% Cost
Slide 5: Tata Motors Standalone P&L – (Audited)
Tata Motors Standalone P&L – (Audited) Rs Crores Q1 FY12 Q1 FY11 % change Net Revenue 11,897.9 10,416.3 14.2% EBITDA 998.7 1,174.7 -15.0% EBITDA margin 8.4% 11.3% (290 bps) Other Income 115.5 69.3 66.7% PBT 466.3 537.7 -13.3% PAT 401.3 395.7 1.4% Cash Profit * 754.9 839.9 -10.1% Margin pressures ari
Slide 6: Standalone Business: CV, PV, Exports
Financial Highlights Standalone Business Commercial Vehicles JLR Passenger Vehicles Exports Other Subsidiaries Way Forward INVESTOR RELATIONS 6
Slide 7: Commercial Vehicles gain market share
Commercial Vehicles gain market share Tata Motors grew ~ 13% Y-o-Y Rising interest rates, high inflation and slower industrial output coupled with high base effect, moderate the growth of 13% 113,186 industry MHCV sales to ~ 3.6%. The LCV segment was less 100,186 impacted and grew 17.3%. The Bus seg
Slide 8: Competitive pressures in Passenger vehicles
Competitive pressures in Passenger vehicles Passenger vehicles industry grew at an average of ~8% Y- 11% Vans 77,858 o-Y in Q1 FY12 led by high growth in selective 69,529 Utility Vehicles segments, while the cost sensitive and high volume “Compact” segment de-grew mainly due to increases in Premium/
Slide 9: Y-o-Y growth in exports markets
Y-o-Y growth in exports markets 21% 14,891 Tata export volumes increased Y-o-Y 21% 12,260 in Q1 FY 12 Exports to Bangladesh, Sri Lanka & Bhutan 12,783 9,725 continued showed strong growth. NANO exports to Sri Lanka and Nepal commenced. Expect to extend the export 2,535 2,108 potential of the NANO Q1
Slide 10: Jaguar Land Rover PLC
Financial Highlights Standalone Business JLR Jaguar Land Rover PLC Other Subsidiaries Way Forward INVESTOR RELATIONS 10
Slide 11: Jaguar Land Rover PLC – P&L
Jaguar Land Rover PLC – P&L GBP Million Q1 FY 12 Q1 FY 11 % change Net Revenue 2,712.0 2,262.1 19.9% EBITDA 408.3 349.3 16.9% EBITDA margin 15.1% 15.4% (30 bps) PBT 248.5 239.2 3.9% PAT 218.9 226.0 -3.1% Cash Profit * 318.0 307.0 3.6% •Cost pressures, Exchange rates impact Y-o-Y EBITDA margins • Dur
Slide 12: Jaguar Land Rover PLC : Highlights
Jaguar Land Rover PLC : Highlights • Jaguar Land Rover reported a profit after tax of £ 219 mn IN Q1 FY 12 • Other highlights include: – Significant volume & mix growth over the corresponding quarter in the previous year – Retail volumes grow in line with Wholesales – Commencement of assembly of Fre
Slide 13: Jaguar Land Rover Wholesale volumes & market mix
Jaguar Land Rover Wholesale volumes & market mix Wholesales Q1 FY 12 5% 62,090 59,201 Sales from emerging markets improve significantly Y-o-Y in Q1 FY12 and continue to grow over previous quarter (Q4 FY11) Wholesales Q1 FY 11 Healthy volume growth for both wholesale and retail sales INVESTOR RELATIO
Slide 14: Other Subsidiaries
Financial Highlights Standalone Business Tata Motors Finance Tata Technologies JLR Tata Daewoo HVAL/HVTL Other Subsidiaries Way Forward INVESTOR RELATIONS 14
Slide 15: Tata Motors Finance
Tata Motors Finance Rs. Crores Q1 FY12 Q1 FY11 % change Disbursal (Nos) 43,361 32,179 34.7% Net Revenue * 409.0 320.0 27.8% Operating Income # 61.0 24.7 147.0% Operating Margin 14.9% 7.7% 720 bps PAT 48.5 23.5 106.3% % of Revenues 11.9% 7.3% 460 bps * Excludes Other Income ; # Before Other income an
Slide 16: Tata Technologies (Consolidated)
Tata Technologies (Consolidated) Rs. Crores Q1 FY12 Q1 FY11 % change Revenue break-up Q1 FY12 Net Revenue * 335.1 297.7 12.6% EBITDA * 53.2 41.9 27.0% % of Revenues 15.9% 14.1% 180 bps PAT 39.6 26.7 48.3% % of Revenues 11.8% 9.0% 280 bps Note: *Excludes Other Income • Tata Technologies has a diversi
Slide 17: Tata Daewoo
Tata Daewoo Rs. Crores Q1 FY12 Q1 FY11 % change Sales (Units) 2788 2764 0.9% Net Revenue * 877.8 874.4 0.4% EBITDA * 51.2 73.9 -30.7% % of Revenues 5.8% 8.5% (270) bps PAT 15.7 36.7 -56.3% % of Revenues 1.8% 4.2% (240) bps Note: *excludes Other Income • While the industry for Medium commercial vehic
Slide 18: HV Axles & HV Transmissions
HV Axles & HV Transmissions Rs. Crores Q1 FY12 Q1 FY11 % Change HV Net Revenue * 86.4 72.2 19.7% Axles Ltd EBITDA * 51.6 44.1 17.0% % of Revenues 59.7% 61.1% (140) bps PAT 26.8 22.4 19.6% % of Revenues 31.0% 31.0% Rs. Crores Q1 FY12 Q1 FY11 % Change HV Net Revenue * 89.0 62.3 42.9% Transmissions EBI
Slide 19: Way Forward: Tata Motors
Financial Highlights Standalone Business Tata Motors JLR Jaguar Land Rover Other Subsidiaries Way Forward INVESTOR RELATIONS 19
Slide 20: Way Forward – Tata Motors
Way Forward – Tata Motors • Slowing CV growth rates are largely prompted by rising costs, interest rates and expectation of lower industrial growth. Freight rates across major routes remained flat in Q1 FY 12 • Increase in infrastructure spending could propel demand for MHCV trucks. Services and agr
Slide 21: Way Forward - Jaguar Land Rover
Way Forward - Jaguar Land Rover • Continue to work on profitable volume growth, managing costs and improving efficiencies to sustain the growth momentum • Continuous sustainable technology and product investment plans • Range Rover Evoque for launch in September 2011 • New Jaguar and Land Rover 12MY
Slide 22: Thank You
Thank You INVESTOR RELATIONS 22