Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q3 FY07 Earnings Presentation
21 slides from Tata Motors Passenger Vehicles's earnings presentation, Jan 23, 2007
Slide 1: Tata Motors Q3 FY07 Results Review
Tata Motors Q3 FY07 Results Review 23rd January, 2007
Slide 2: Forward-looking statements disclaimer
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 • Business Performance • Financial Performance • Significant Events 2
Slide 4: Total Volume Growth in Q3FY07 and April-December FY07
Total Volume Growth in Q3FY07 and April- December FY07 407,925 38,834 33.4% 305,786 34,849 157,972 27.5% 141,827 127,517 111,228 11,610 11,782 211,119 52,991 43,369 143,420 56,077 77,226 3Q FY06 3Q FY07 Apr-Dec'05 Apr-Dec'06 CV PV Exports On 30th October, 2006, the company crossed the four-million s
Slide 5: Medium & Heavy Commercial Vehicles and Light Commercial Vehicles
Medium & Heavy Commercial Vehicles Light Commercial Vehicles Market Share 62.0% 63.6% Market Share 57.7% 66.4% 121,776 89,343 66.2% 64.2% 60.7% 63.7% 85,602 57,818 44,824 32,402 33,558 22,519 Q3 FY06 Q3 FY07 Apr- Dec'05 Apr- Dec'06 Q3 FY06 Q3 FY07 Apr-Dec'05 Apr-Dec'06 TML’s Domestic sales increased
Slide 6: Passenger Vehicle Volumes and Market Share
Passenger Vehicle Volumes and Market Share Over All Over All 15.6% 15.7% 15.8% 16.1% Market Share Market Share 52,714 157,007 (Market Share) 22% 23% (Market Share) (21.7%) 43,369 11,425 (20.5%) 127,517 31,347 (Market Share) (Market Share) (19.7%) 9,336 6,656 (37.2%) (18.3%) 24,926 23,299 (35.6%) (33
Slide 7: International Business Volumes
International Business Volumes 38,834 11% 34, 849 PV 12,709 CV 14,006 -1% 11,782 11,610 26,125 4,509 2,380 20,843 7,273 9,230 3Q FY06 3Q FY07 Apr-Dec'05 Apr- Dec'06 Revenues from international business formed around 16% of the consolidated revenues. TML could maintain its export volumes in Q3FY07 de
Slide 8: Vehicle Financing
Vehicle Financing No. of Vehicles Financed Disbursals (Rs. Cr) (TML & TMLFSL) (TML & TMLFSL) 113,454 77.1% 76.6% 44304 64,061 6,366 53.6% 39,549 23242 25,756 47.4% 14,616 69150 3,605 9,537 40819 2,182 24,933 1,480 16,219 Q3 FY06 Q3 FY07 Apr-Dec'05 Apr-Dec'06 Q3 FY06 Q3 FY07 Apr-Dec'05 Apr-Dec'06 Com
Slide 9: Agenda
Agenda • Business Performance • Financial Performance • Significant Events 8
Slide 10: Financial Performance (Consolidated) - 3Q FY07
Financial Performance (Consolidated) - 3Q FY07 Rs crores 3QFY07 3QFY06 Net Revenue 8,176.0 5,969.8 Net Revenues 37.0% EBITDA 1,168.0 773.3 EBITDA Margin 14.29% 12.95% EBITDA 51.0% Other Income 10.3 172.9 Net Interest 105.4 68.7 PBT 24.5%; Dep. & Amortisation 169.4 167.4 Prod. Dev. Exp. 28.7 7.7 Net
Slide 11: Financial Performance (Consolidated) – April–December FY07
Financial Performance (Consolidated) – April – December FY07 Rs crores Apr-Dec FY07 Apr-Dec FY06 Net Revenue 22,649.6 15,876.2 Net Revenues 42.7% EBITDA 2,864.2 2,012.0 EBITDA Margin 12.65% 12.67% EBITDA 42.4% Other Income 122.6 242.5 Net Interest 284.7 172.0 PBT 34.0%; Dep. & Amortisation 504.3 464
Slide 12: Financial Performance (Standalone) - 3Q FY07
Financial Performance (Standalone) - 3Q FY07 Rs crores 3QFY07 3QFY06 Net Revenue 6,956.8 5,074.9 Net Revenues 37.1% EBITDA 952.2 622.1 EBITDA Margin 13.69% 12.26% EBITDA 53.1% Other Income 14.3 168.4 Net Interest 85.2 60.1 PBT 19.8%; Dep. & Amortisation 143.5 130.8 Prod. Dev. Exp. 28.7 7.7 PAT 11.5%
Slide 13: Financial Performance (Standalone) – April-December FY07
Financial Performance (Standalone) – April-December FY07 Rs crores Apr-Dec FY07 Apr-Dec FY06 Net Revenue 19,250.7 13,755.6 Net Revenues 40.0% EBITDA 2,347.2 1,683.8 EBITDA Margin 12.19% 12.24% EBITDA 39.4% Other Income 185.1 284.7 Net Interest 253.3 157.2 PBT 27.6%; Dep. & Amortisation 428.0 384.7 P
Slide 14: Working Capital
Working Capital Inventory Receivables Days of sale Days of sale 60 15 44 40 9 9 40 10 20 5 0 0 31st Dec'05 31st Dec'06 31st Dec'05 31st Dec'06 13
Slide 15: Balance Sheet Size
Balance Sheet Size Rs crs 11,730 11,710 6,599 6,780 Rs crs 4,136 3,533 3,200 0.70 0.60 0.64 2,400 0.50 30th Sept'06 31st Dec'06 0.51 0.40 Gross Capital Employed Net Capital Employed 1,600 0.30 0.20 800 0.10 Net Capital employed is net of Vehicle Financing loans & receivables 0 0.00 30th Sept'06 31st
Slide 16: Subsidiary Financials (Apr-Dec'06) contd…
Subsidiary Financials (Apr- Dec’06) contd… TDCV (Indian GAAP) Telcon 1800 80 1400 140 1621.9 1,251.5 70 1200 120 1500 (+46%) 66.9 60 +40% 117.6 1000 895.8 100 1200 1109.2 50 (+46%) Rs. Crs Rs. Crs 800 80 900 40 +125% 45.8 600 60 30 600 400 52.1 40 20 300 200 20 10 0 0 0 0 Apr-Dec'05 Apr-Dec'06 Apr-
Slide 17: Subsidiary Financials (Apr–Dec'06)
Subsidiary Financials (Apr – Dec’06) TTL (consolidated) HVTL HVAL 150 139.7 50 (+118%) 125.1 1000 16 +39% 14.57 44.8 40 14 +38% 100.5 800 716.4 100 90.5 12 +47% 30 Rs. Crs 600 10 32.7 30.4 Rs. Crs 8 +56% 20 400 329.3 7.46 6 50 (- 49%) 20.9 4 10 200 2 0 0 0 0 Apr- Dec'05 Apr- Dec'06 Apr-Dec'05 Apr-De
Slide 18: Agenda
Agenda • Business Performance • Financial Performance • Significant Events 17
Slide 19: Significant Events
Significant Events Tata Motors and Thonburi Automotive Assembly Plant Co, the Thailand-based independent assembler of automobiles, announced formation of a 70 : 30 joint venture company in Thailand to manufacture, assemble and market pickup trucks. Tata Motors and Fiat Auto jointly announced an agre
Slide 20: Outlook for Q4FY07
Outlook for Q4FY07……… Overall commodity prices expected to remain high due to continued demand – supply gap. The buoyant domestic growth and increased raw material costs will continue to maintain an upward pressure on inflation. Infrastructure development and growth in Industrial production likely t
Slide 21: Thank You
«pp TATA Thank You TATA MOTORS