Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q2 FY07 Earnings Presentation
19 slides from Tata Motors Passenger Vehicles's earnings presentation, Oct 30, 2006
Slide 1: Tata Motors Q2 FY07 Results Review
Tata Motors Q2 FY07 Results Review 30th October, 2006
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 • Business Performance • Financial Performance • Significant Events 2
Slide 4: Total Volume Growth in Q2FY07 and 1HFY07
Total Volume Growth in Q2FY07 and 1HFY07 265,410 36% 27,224 194,558 23,067 104,293 30% 139,704 14,063 84,148 107,066 13,994 54,830 42,957 133,893 87,343 70,811 50,115 2Q FY06 2Q FY07 1H FY06 1H FY07 CV PV Exports Continued impact of overloading ban and strong economic fundamentals continued to boost
Slide 5: Medium & Heavy and Light Commercial Vehicles
Medium & Heavy Commercial Vehicles Light Commercial Vehicles Market Share 59.5% 63.2% Market Share 56.0% 68.0% 77,394 56,978 61.0% 61.9% 59.4% 67.3% 52,052 35,300 40,343 30,443 29,052 21,063 Q2 FY06 Q2 FY07 1H FY06 1H FY07 Q2 FY06 Q2 FY07 1H FY06 1H FY07 M&HCV Domestic sales increased 39% in 2QFY07;
Slide 6: Passenger Vehicle Volumes and Market Share
Passenger Vehicle Volumes and Market Share Over All 15.6% 16.3% Over All 15.8% 16.3% Market Share Market Share 54,386 104,293 (Market Share) 27% 24% (Market Share) 11,504 (21.7%) 42,958 (19.8%) 84,148 19,922 (Market Share) (Market Share) 8,247 8,327 (37.4%) (18.3%) (17.5%) 15,590 16,643 (34.9%) 9,62
Slide 7: International Business Volumes
International Business Volumes 18% 27,224 PV 23,067 CV 10,329 1% 9,497 13,994 14,063 6,138 4,960 16,895 13,570 7,856 9,103 2Q FY06 2Q FY07 1H FY06 1H FY07 Revenues from international business formed around 16% of the consolidated revenues. Exports to South Africa were adversely effected during 2Q on
Slide 8: Vehicle Financing
Vehicle Financing No. of Vehicles Financed Disbursals (Rs. Cr) 73,905 92.9% 96.9% 29,688 4,184 36,279 38,305 73.5% 77.8% 14,090 13,705 20,912 44,217 6,852 2,094 2,125 22,189 24,600 1,178 14,060 Q2 FY06 Q2 FY07 1HFY06 1HFY07 Q2 FY06 Q2 FY07 1HFY06 1HFY07 Commercial Vehicles Passenger Vehicles TMF Mar
Slide 9: Agenda
Agenda • Business Performance • Financial Performance • Significant Events 8
Slide 10: Financial Performance (Consolidated) - 2Q FY07
Financial Performance (Consolidated) - 2Q FY07 Rs crores 2Q FY06 2Q FY07 Gross Revenue 6,243.7 8,767.2 Net Revenues 42% Net Revenue 5,428.9 7,702.7 EBITDA 680.6 922.2 EBITDA 36% EBITDA Margin 12.54% 11.97% Other Income 59.3 95.1 PBT 36%; Net Interest 49.5 100.9 Dep. & Amortisation 149.0 169.4 PAT 36
Slide 11: Financial Performance (Consolidated) - 1H FY07
Financial Performance (Consolidated) - IH FY07 Rs crores 1HFY06 1H FY07 Gross Revenue 11,412.5 16,505.5 Net Revenues 46% Net Revenue 9,906.9 14,473.6 EBITDA 1,238.7 1,696.2 EBITDA 37% EBITDA Margin 12.50% 11.72% Other Income 69.5 112.4 PBT 42%; Net Interest 103.3 179.3 Dep. & Amortisation 297.1 334.
Slide 12: Financial Performance (Standalone) - 2Q FY07
Financial Performance (Standalone) - 2Q FY07 Rs crores 2Q FY06 2Q FY07 Net Revenues 37% Gross Revenue 5,568.1 7,589.3 EBITDA 32% Net Revenue 4,788.2 6,571.8 EBITDA 575.0 758.3 PBT 29%; EBITDA Margin 12.01% 11.54% Other Income 58.0 84.8 PAT 31%; Net Interest 46.1 95.6 EPS of Rs.11.48 ; 28% Dep. & Amo
Slide 13: Financial Performance (Standalone) - 1H FY07
Financial Performance (Standalone) - 1H FY07 Rs crores 1HFY06 1H FY07 Gross Revenue 10,121.3 14,297.9 Net Revenues 42% Net Revenue 8,681.2 12,355.2 EBITDA 1,061.8 1,395.0 EBITDA 31% EBITDA Margin 12.23% 11.29% Other Income 116.3 170.7 PBT 33%; Net Interest 97.1 168.1 Dep. & Amortisation 253.9 284.5
Slide 14: Working Capital
Working Capital Inventory Receivables Days of sale Days of sale 60 15 40 38 35 40 10 8 8 7 20 5 0 0 30th Sept'05 30th June'06 30th Sept'06 30th Sept'05 30th June'06 30th Sept'06 Working Capital still continues to be tightly managed 13
Slide 15: Balance Sheet Size
Balance Sheet Size Rs crs 12,000 11,730 10,313 8,000 6,599 We have financing loans and receivables to the 5,266 extent of Rs. 5,131 crs as on 30th Sept ‘06 4,000 Rs crs 4136 0 3200 3079 0.70 30th June'06 30th Sept'06 0.60 2400 0.64 Gross Capital Employed Net Capital Employed 0.50 0.52 0.40 1600 0.30
Slide 16: Agenda
Agenda • Business Performance • Financial Performance • Significant Events 15
Slide 17: Significant Events
Significant Events Commercial vehicle Business unit awarded the CII – Exim Bank award for Business Excellence. Impact of fire in the paint shop at TATA Motors’s Pune plant on Car production restricted with support from alternative painting facilities. Tata Motors and Fiat Group signed a Memorandum o
Slide 18: The six months ahead
The six months ahead……… 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
Slide 19: Thank You
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