Tata Motors Limited · NSE:TMCV
Tata Motors — FY2012 Earnings Presentation
29 slides from Tata Motors's earnings presentation, May 29, 2012
Slide 1: Form 6-K Tata Motors Limited
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the Month of May 2012 Commission File Number: 001-32294 TATA MOTORS LIMITED (Translation of registrant’s name into English) BOMBAY
Slide 2: Table of Contents
TABLE OF CONTENTS Item 1: Form 6-K dated May 29, 2012 along with the Press Release.
Slide 3: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised. Tata Motors Limited By: /s/ Hoshang K Sethna Name: Hoshang K Sethna Title: Company Secretary Dated: May
Slide 4: Jaguar Land Rover Results Under IFRS for the period ended 31 March 2012
Jaguar Land Rover Results Under IFRS for the period ended 31 March 2012 29 May 2012 Jaguar Land Rover Results Under IFRS for the period ended 31 March 2012 29 May 2012
Slide 5: Disclaimer
Disclaimer be to regulations, 31 PLCthe “forward-looking March and Company’s its 2011 Statements tax subsidiaries •laws FY12 operations statements” and in represents contained other thisinclude, presentation statutes within the in the among 12and the month presentation describing incidental meaning
Slide 6: Participants
Participants Kenneth Gregor C. Ramakrishnan . CFO Jaguar Land Rover . CFO Tata Motors Bennett Birgbauer Vijay Somaiya . Treasurer Jaguar Land Rover . Head of Treasury & Investor Relations Tata Motors
Slide 7: Agenda
Agenda Key topics Page Financial performance 5 Looking ahead / other developments 14 Closing Q&A 18
Slide 8: FY12 financial highlights
FY12 financial market recognised investments an additional highlights £2,430m £171m Freeand cash ofundrawn deferred flow increased committed tax assets in both in bank reserves. Q4 lines and£849m Q4 fulland year Profit full – after year afterEBITDA higher tax forcapital the and quarter PBT investmen
Slide 9: Key financial metrics
Key 1,481 Revenues 435 financial 4,144 1,036 metrics 2,735 445 Free Key 1,409 cash metrics 13,512 flow-IFRS (1) 9,871 342 (£3,641 millions, 183 159 EBITDA 958 unless 876 605 stated) 82 375 Cash 230 2012 2,430 2,027 2011 1,028 1,502 Change 1,402 5252012 EBITDA 2,430 2011 1,028 % Change 14.6% 1,402Ret
Slide 10: Significant growth supported by China and developing markets
Significant supported growth in China by improvement the and launch developing ofinthe fullfreshened year markets profitability XF Continued with versus 2.2L favourable diesel prior option year foreign Land andexchange Rover 3.0L petrol retail environment. XJ volume optionupin (avg. 33%, China £/$ d
Slide 11: Retail volumes by carline – full year
Retail volumes 30,466 18,438 19,736 by carline 57,402 – full 46,889 year Jaguar 51,881–FY11 FY12FY12 vs FY11 189,087 LandRange RoverRover – FY12Evoque vs FY11 Freelander 32,665 33,466 Defender 13,560 Range 15,788 Rover5,239 Discovery 4,969 FY11 RangeFY12 Rover51,818 Sport XK up 33% XJ XF 251,632 up
Slide 12: Retail volumes by geography – full year FY12
RetailRussia) (excl.Russia) (excl Europe volumes (excl.Russia) Asia 22% by Asia Pacific geography 22.3% Pacific AllAll –Other 4.2% full Other year Markets All Markets FY12 Other (RoW) UK Markets (RoW) North up16.5% 27% (RoW) America 68,420 2,7763,8157,2889,161 19.0% China up14,23936,041 29% up 15% u
Slide 13: Consolidated income statement - IFRS
Income (2,670) 531 before 220tax (1,732) statement EBITDA 530 299 (938) Consolidated 605 231(8,733) 375 1,507 230(6,178) 1,115 2,027 income 392 (2,555) 1,502 statement Income 525 Employee Depreciation tax -IFRS expense costs (£ millions, 166 and (312) (38) amortisation (214) unless 204 (98) (26) sta
Slide 14: Healthy cash generation and strong liquidity
Healthy Working finance change 31 Marchin income) cash capital Year cashgeneration &Ended changes (82) cash10 31 equiv. (92) and & March tax strong (132) 743 paid 2912 liquidity 245 714 (144) 39 1,402 206 Free Consolidated 348 413 cash 1,054 123 flow 290 Cash cash (before Cash flow & cash flow finan
Slide 15: Strong financing structure and facilities
Strong financing facilities ppt 139 356structure (217) Total Keyliquidity financial 3,279 indicators 1,384 1,895 -IFRSTotal (£ millions, equity 2,924 unless1,475 stated)1,449 31-Mar-2012 Total Debt31-Mar-2011 1,961 1,382 Change 579 NetCash cash 2,430 / (debt)1,028 (excl.1,402 finance Newleases) comm
Slide 16: Agenda
Agenda Key topics Page Financial performance Looking ahead / other developments 14 Closing Q&A 18
Slide 17: Significant investment in exciting new products
Significant Q4 2012 Concept investment cars Range in exciting Rovernew Evoque products Jaguar Recently C-X16launched Convertible / announced Land Rover products DC100Jaguar LandF-Type Rover Jaguar DC100XFSport 2.2L D Range Rover Evoque Jaguar XF Sportbrake Middle of 2013 September 2011 September 201
Slide 18: Other developments
Other developments Automobile Solihull FY12 Limited) to plants improve as atosingle develop, to meet thesubsidiary In funding higher Sept manufacture 2011, structure sales (renamed announced and and of future Jaguar sell the business certain aproduct £355m LandJaguar Rover actions In investment reco
Slide 19: In summary
In summary building meet customer on momentum Strong aspirations financial of and XFperformance 12 regulatory model year, environmental in FY12. 2.2 diesel Building and standards Range blocks-generating Rover in place Evoque forstrong future launch operating growth -launching Going cash flows other
Slide 20: Agenda
Agenda Key topics Page Financial performance 5 Looking ahead / other developments 14 Closing Q&A 18
Slide 21: Q&A
Q&A Q&A
Slide 22: Additional slides
Additional slides Additional slides
Slide 23: Retail volumes by carline - quarter
Retail volumes 13,266 7,605 8,445 by carline 5,159 -quarter 5,127 17,043 Jaguar 11,978 – Q4 29,171 FY12 vsQ4 Q4FY11 FY11Q4 Land FY12 Rover 55,147 – Q4 Range FY12Rover vs Q4Evoque FY11 7,167 Freelander 9,987Defender 3,519 4,1791,190 Range Rover 1,265Discovery Q4 FY11 Range Q4 FY12 Rover 11,882 Sport
Slide 24: Retail volumes by geography - quarter
Retail Q4 3,48211,75915,241 6631,2312,1353,1201,2651,7499,435 FY11 volumes FY12 by 2,974 geography Q4Q4 FY11 FY11Q4 -quarter Q4 FY12 FY12 Q4 UK Asia FY12 UK UpPacific 13% 28.6% UK21,766 22.1% upNorth 56%19,185 North America 4,351America 3,99115,194 2,798 17.3% China 15.5% China 4,00317,763 upChina 1
Slide 25: Wholesale volumes by carline - quarter
Wholesale 12,778 13,225 volumes 7,478by 9,133 carline 4,853 -quarter 4,824Jaguar 16,655–13,047 Q4 FY12 28,166 vs Q4 Q4FY11 FY11Land Q4 FY12 Rover56,090 – Q4 FY12 RangevsRover Q4 FY11 Evoque 5,987 Freelander 9,181 3,053 Defender 4,135 Range 990 800Rover Q4 FY11 Discovery Q4 FY12 Range 10,041 Rover XK
Slide 26: Wholesale volumes by geography - quarter
Wholesales China Europe (excl.Russia) 19.0% (exclvolumes Russia) Europe 20.9% All by Asia (excl.Russia) geography Other Pacific Markets All 23.3% -quarter Other (RoW) All UK Markets Other 16.7% North Markets (RoW) 2,195 America 3,017 up (RoW) 65% China 8549352,4593,9893,3131,2181,519 15.2% upQ4 49%
Slide 27: Wholesale volumes by carline – full year
Wholesale 25,606 31,209 volumes 17,898 by19,290 carline57,031 – full year 46,977 Jaguar 60,217 – FY12 FY11vsFY12 FY11190,628 Land Rover Range – FY12 Rovervs Evoque FY11 Freelander 31,470 33,651 Defender 16,361Range 15,843Rover 5,057Discovery 4,527 FY11 Range FY12Rover 52,993 Sport XKupXJ37% XF 260,3
Slide 28: Wholesale volumes by geography – full year
Wholesale (excl.Russia) FY11 China All 11.3% Other volumes Europe 22.8% Markets by All (excl.Russia) geography Other (RoW)Markets up–22.4% 31% full(RoW) year up All27% FY12 Other 17.1% 71,580 UK Markets 15,75736,766 North up 38% (RoW) America 54,533 16.0% 2,4147,72625,18746,806 China 10,55461,026 FY
Slide 29: Product and other investment details
Product 212 ended 2731 900 and March 650 other 250 Quarter investment Investment endedDetails-IFRS 31 in March tangible and (£ millions, other intangible unless stated) assets2012 211 66 2011 145Change 691 2502012 441 2011 TotalChange productR&D and other expense investment Capitalised 450 278 194 1