Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q2 FY2006 Earnings Presentation
19 slides from Tata Motors Passenger Vehicles's earnings presentation, Oct 25, 2005
Slide 1: Tata Motors 2Q FY06 Results Review
Tata Motors 2Q FY06 Results Review 25th October, 2005
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 • 2Q FY06 Results • Operational Highlights • Subsidiary Performance 2
Slide 4: 2Q FY06 Financial Performance (Unconsolidated)
2Q FY06 Financial Performance (Unconsolidated) Rs crores 2QFY06 2QFY05 % change ¾ At 107,066, sales volumes up 12.0% Total Volume (units) 107,066 95,576 12.0% Gross Revenue 5,568.1 4,886.1 14.0% ¾ Net Revenues - Rs 4781.3 Cr. Net Revenue 4,781.3 4,145.4 15.3% EBITDA 576.0 520.0 10.8% up 15.3% EBITDA
Slide 5: 1H FY06 Financial Performance (Unconsolidated)
1H FY06 Financial Performance (Unconsolidated) Rs crores 1HFY06 1HFY05 % change ¾ At 194,558, sales volumes Total Volume (units) 194,558 180,494 7.8% up 7.8% Gross Revenue 10,121.3 9,129.1 10.9% Net Revenue 8,644.9 7,717.4 12.0% ¾ Net Revenues - Rs10,121.3 Cr EBITDA 1,063.8 949.4 12.0% up 12.0% EBIT
Slide 6: Profitability
Profitability EBDITA Profit after Tax Rs cr Rs cr 1200 700 1064 611 1000 949 600 533 500 800 576 400 338 600 520 309 300 400 200 200 100 0 0 FY05 FY06 FY05 FY06 2Q 1H 2Q 1H EBIDTA up 10.8% in 2QFY06 PAT up 9.3% in 2QFY06 EBIDTA up 12.1% in 1HFY06 PAT up 14.6% in 1HFY06 5
Slide 7: Working Capital Management
Working Capital Management Inventory Receivables Days of sale Days of sale 60 40 40 36 30 40 33 20 16 9 8 20 10 0 0 2Q FY04 2Q FY05 2Q FY06 2Q FY04 2Q FY05 2Q FY06 6
Slide 8: Balance Sheet Size
Balance Sheet Size Net Capital Employed Gross and Net Debt Rs cr Rs cr 10,000 3,500 3,306 2,808 2,839 3,000 8,000 7,336 2,500 1,994 6,181 6,000 2,000 4,587 1,500 1,184 4,000 1,000 500 2,000 - (500) 0 April 1, '05 Jun 30, '05 30th Sept, 31st March, 30th June, 30th Sept, 2005 2005 2005 2005 Net Debt G
Slide 9: Agenda
Agenda • 2Q FY06 Results • Operational Highlights • Subsidiary Performance 8
Slide 10: Sales Performance
Sales Performance Total Sales Volumes Units ¾ Total Volume growth of 60,000 12% 50,115 44,076 45,167 42,957 ¾ Total Domestic volumes 40,000 at 93,072 units up 4% ¾ Exports volumes +121% 20,000 ¾ International Business 13,994 revenues (incld. TDCV) 6,333 were nearly 18% of the total consolidated 0 re
Slide 11: Commercial Vehicles
Commercial Vehicles Domestic CV Sales Units ¾ CV domestic Volumes at 50,115, 60,000 up 14% yoy in 2QFY06 50,115 M/HCVs at 29,052, down 5%, 50,000 44,076 LCVs at 21,063, up 55% 40,000 ¾ Market share in the total CV 30,513 29,052 segment : 30,000 April’05 : 49.6% 21,063 20,000 13,563 June’05 :
Slide 12: Passenger Vehicles
Passenger Vehicles Domestic PV Sales ¾ Domestic PV Volume Sales down Units 5% 50,000 45,167 42,957 ¾ Utility Vehicle volumes at 8,240 7,652 units, up 8% 40,000 8,240 ¾ PV domestic market share at 10,195 15.6%; down 160bps 30,000 9,621 Continues to be second-largest player 20,000 ¾ Indigo SX, a lux
Slide 13: Exports
Exports Exports Volumes Exports Value Units Rs.Cr 13,994 25,000 1,000 934 20,000 800 9,495 15,000 600 6,333536 10,000 6,136 400 2,481 13,572 1,496 200 5,000 7,858 8,112 4,837 0 0 2Q FY05 2Q FY06 1HFY05 1HFY06 FY05 FY06 CV Units PV Units 1HFY06 ¾ Key countries of Export were South Africa, Turkey, Sou
Slide 14: Agenda
Agenda • 2Q FY06 Results • Operational Highlights • Subsidiary Performance 13
Slide 15: Key Subsidiary Financials
Key Subsidiary Financials Subsidiary Revenues (Rs mn) Change PBT (Rs mn) Change PAT (Rs mn) Change 2Q FY06 2Q FY05 (%) 2Q FY06 2Q FY05 (%) 2Q FY06 2Q FY05 (%) Tata Daewoo CV Ltd., 3,537 2,383 48.5% 213 29 625.8% 159 22 636.7% Korea (TDWCV) Telco Construction 2,801 1,874 49.5% 282 110 157.3% 181 67 1
Slide 16: Performance of Key Subsidiaries
Performance of Key Subsidiaries Rs. crs 54.4 +91.0% The following PAT subsidiaries are 27.3 considered: ¾TDCV ¾TELCON 80.2 +72.8% PBT ¾TTL 45.9 ¾HVAL/HVTL ¾TAL 785.0 +40.9% Net Revenues 554.5 2Q FY05 2Q FY06 15
Slide 17: Operational Highlights of Subsidiaries
Operational Highlights of Subsidiaries TDCV ¾ TDCV registered total volume sales of 1,256 units during 2QFY06, up 5% y-o-y . ¾ At 318 units, the exports increased by 23% during 2QFY06 . TTL ¾ TTL acquired 99.4% stake in INCAT, a UK based PLM service provider, through its subsidiary TTUS at total val
Slide 18: Going forward….
Going forward…. ¾ Industrial production and infrastructure development expected to boost the economic development. ¾ Continuing input cost pressure ¾ Uncertainty in trends of Global Crude Oil prices and steel prices ¾ Interest rates movement needs to be watched closely 17
Slide 19: Thank You
ap TATA Thank You TATA MOTORS