Tata Motors Passenger Vehicles Ltd · NSE:TMPV

Tata Motors Passenger Vehicles — Tata Motors — Q3 FY2005 Earnings Presentation

18 slides from Tata Motors Passenger Vehicles's earnings presentation, Jan 31, 2005

  1. Slide 1: Tata Motors (NYSE: TTM) 3Q FY05 Result Review

    Tata Motors (NYSE :TTM) 3Q FY05 Result Review January 31, 2005

  2. 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

  3. Slide 3: Presentation Outline

    Presentation Outline • 3Q and YTD FY05 Results • 3Q Operational Highlights 2

  4. Slide 4: 3Q FY05 Financial Performance (Unconsolidated)

    3Q FY05 Financial Performance (Unconsolidated) 3Q FY04 3Q FY05 (Rs cr) (Rs cr) Net Revenue 3,399.6 4,364.9 ¾ Volume growth of 26% EBITDA 490.2 581.1 to 98,662 units Other Income 16.7 24.7 Net Interest 47.4 41.4 ¾ Net Revenues up 28% Dep. & Amortisation 94.2 100.8 ¾ EBITDA up 19% Prod. Dev. Exp. 0.9

  5. Slide 5: 3Q FY05 Performance (Unconsolidated)

    3Q FY05 Performance (Unconsolidated) • Input cost pressure remains an area of high concern • Mitigated to certain extent by vehicle realisation increases and cost reduction • Balance sheet size of Rs 7,559 cr (including surplus cash of around Rs 2,980 cr) • The Company carried out the final round of

  6. Slide 6: April-Dec FY05 Financial Performance (Unconsolidated)

    April- Dec FY05 Financial Performance (Unconsolidated) Apr-Dec FY04 FY05 (Rs cr) (Rs cr) Net Revenue 9,079.8 12,086.1 EBITDA 1,260.6 1,530.5 ¾Volume growth of 29% to Other Income 49.9 136.5 279,156 units. Net Interest 127.2 122.8 Dep. & Amortisation 283.9 305.9 ¾Net Revenues up 33% Prod. Dev. Exp. 2

  7. Slide 7: Financial Performance (Consolidated)

    Financial Performance (Consolidated) Apr-Dec FY05 FY04 (9 months) (12 months) (Rs cr) (Rs cr) Net Revenue 13,614.3 13,924.7 EBITDA 1,748.9 2,078.3 Other Income 101.1 56.2 Net Interest 135.7 193.8 Dep. & Amortisation 372.4 437.2 Prod. Dev. Exp. 48.6 51.6 PBT before Extra-ord. Items 1,293.3 1,451.8 Ex

  8. Slide 8: Presentation Outline

    Presentation Outline • 3Q and YTD FY05 Results • 3Q Operational Highlights 7

  9. Slide 9: Tata Motors – Sales performance

    Tata Motors – Sales performance Total Sales Volumes – 3Q & YTD Units 300,000 279,156 250,000 216,901 130,844 200,000 104,978 150,000 98,662 100,000 78,380 42,414 148,312 34,926 111,923 50,000 43,454 56,248 0 3Q FY04 3Q FY05 Apr-Dec Apr-Dec FY04 FY05 CVs PVs ¾ 3Q Volume growth of 26% ¾ YTD Volume gro

  10. Slide 10: Commercial Vehicles – 3Q Highlights

    Commercial Vehicles – 3Q Highlights CV Sales Volumes ¾ Domestic CV Volume growth of 26% Units ƒ M/HCVs +22% ƒ LCVs +34% 5,340 ¾ Exports up by 80% - entering new markets and 50,000 consolidating presence in existing markets 2,969 ¾ CV market share up to 61.6% from 59.1% last year 50,908 25,000 ƒ M/HC

  11. Slide 11: Passenger Vehicles – 3Q Highlights

    Passenger Vehicles – 3Q Highlights PV Sales Volumes ¾ Total PV volume growth of 21% Units ¾ Domestic PV Volume growth of 29% against industry growth of 24% 50,000 ¾ Indigo maintains its market leadership in 3,366 entry-level Sedan segment. 4,682 ¾ Good customer response to Indigo Marina 25,000 and S

  12. Slide 12: Working Capital Management

    Working Capital Management Inventory Trade Receivables Days of sale Days of sale 40 35 35 20 14 9 20 10 0 0 Dec 31, 2003 Dec 31, 2004 Dec 31, 2003 Dec 31, 2004 Focus on Reducing Working Capital Requirements [ Note – These figures are as per Tata Motors Indian GAAP Unconsolidated Financials 11

  13. Slide 13: Negative Net Debt Position

    Negative Net Debt Position Gross Debt / Equity Ratio Net Debt / Equity Ratio 0.6 0.56 0.06 0.05 0.5 0.43 0.04 0.02 0.4 0 0.3 -0.02 -0.04 0.2 -0.06 -0.08 0.1 -0.1 0 -0.12 -0.10 Dec 31, 2003 Dec 31, 2004 Dec 31, 2003 Dec 31, 2004 Net Debt = Gross Debt – Surplus Cash [ Note – These figures are as per T

  14. Slide 14: Subsidiaries - Operational highlights

    Subsidiaries - Operational highlights ¾ HVAL ƒ 31% increase in YTD Volumes ƒ Capacity Utilisation at 142% ƒ Productivity Improvement of 32% ƒ Nil Debt as on Dec. 31, 2004 ¾ HVTL ƒ 26% increase in YTD volumes ƒ Capacity utilisation at 108% ƒ Interest cost down 67% YoY ƒ Borrowings reduced by 62% from

  15. Slide 15: Subsidiaries - Operational highlights

    Subsidiaries - Operational highlights ¾ Tata Technologies (TTIL) ƒ Provides wide ranging services e.g., IT services, BPO, infrastructure and E&D services ƒ Engineering and Design services provider directly to the global OEMs • General Motors, Ford, DaimlerChrysler, Toyota, Volkswagen, Honda, Nissan,

  16. Slide 16: Tata Finance Merger with Tata Motors

    Tata Finance Merger with Tata Motors ¾ Merger of Tata Finance Ltd. with Tata Motors was approved by the Board of Directors of both the Companies on 10th January, 2005 ƒ Appointed date of merger : April 01, 2005 ƒ Scheme of merger : 8 ordinary shares of Tata Motors Ltd. for every 100 equity shares of

  17. Slide 17: Challenges Ahead

    Challenges Ahead…. ¾ Steel price increases ¾ Impact of Emission compliance measures ƒ Cost implications of this may lead to advancement of demand in 4Q FY05 leading to sluggish demand conditions in FY06 ¾ Increasing inflation ¾ Fuel price increases 16

  18. Slide 18: Thank You

    Thank You www.tatamotors.com

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