Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Shareholder Meeting (August 2011)
32 slides from Tata Motors Passenger Vehicles's shareholder meeting presentation, Aug 12, 2011
Slide 1: AGM Presentation
AGM Presentation 12th August, 2011 INVESTOR RELATIONS 1
Slide 2: Forward-looking statements and basis of presentation
• Statements in this presentation describing the objectives, projections, estimates and expectations of the Company i.e. Tata Motors Ltd and its direct and indirect subsidiaries and its associates may be “forward looking statements” within the meaning of applicable securities laws and regulations. A
Slide 3: Tata Motors holds a strong domestic position and global presence
Tata Motors today holds a strong domestic position and has established its presence in the Global auto market • India’s Largest Automobile Company • 3rd Largest Bus Manufacturer in the World (>8t) • 4th Largest Truck Manufacturer in the World (>8t) TATA MOTORS • Largest Portfolio Of Products (Light,
Slide 4: Tata Motors Consolidated: global sales volume crosses 1 million
Tata Motors Consolidated Global sales volume crosses 1 million Turnover crosses Rs 1 lakh crores and PBT crosses Rs 10,000 crores Rs Crores FY11 FY10 % change Net Revenue 123,133.3 92,519.3 33.1% EBITDA 17,780.0 8,614.2 106.4% EBITDA margin 14.4% 9.3% 510 bps Other Income 89.6 1,793.1 -95.0% PBT 10,
Slide 5: Supported by robust growth in the India Business
Supported by robust growth in the India Business Sales volume over 8 lakhs; Turnover ~ Rs 48,000 crs and PBT crosses Rs 2,000 crs Rs Crores FY11 FY10 % change Net Revenue 48,040.5 35,593.1 35.0% EBITDA 4,771.3 4,178.3 14.2% EBITDA margin 9.9% 11.7% (180 bps) Other Income 183.3 1,853.5 -90.1% PBT 2,1
Slide 6: Significant improvement in Jaguar Land Rover
And significant improvement in Jaguar Land Rover with improved market conditions, product mix, market mix, favorable exchange rates and impact of margin improvement measures Sales nos. over 2.4 lakhs; Turnover ~ GBP 10 billion and PBT crosses GBP 1 billion GBP Million FY11 FY10 % change Net Revenue
Slide 7: Healthier financial profile with focused deleveraging
Healthier financial profile with focused deleveraging Consolidated Balance Sheet Mar-11 Mar-10 Sources of funds In Rs crores ¾Successfully completed QIP issue of shares aggregating USD 750 mn Shareholder Funds 19,171.5 8,206.5 Minority Interest 246.6 213.5 ¾FCCNs of ~ USD 326 mn equivalent Foreign C
Slide 8: Update on Q1FY12 results
Update on Q1FY12 results Tata Motors Tata Motors JLR PLC Details Consolidated Standalone (GBP mn) (Rs crs) (Rs crs) 33,572.5 11,897.9 2,712.0 Net Revenue (27,055.6) (10,416.3) (2,262.1) EBITDA 4,461.7 998.7 408.3 13.3% 8.4% 15.1% EBITDA margin (14.6%) (11.3%) (15.4%) PBT 2,345.8 466.3 248.5 #1,999.6
Slide 9: India Business
India Business INVESTOR RELATIONS 9
Slide 10: Continued growth in Commercial Vehicles in FY11
Continued growth in Commercial Vehicles in FY 11 23% 458,828 ¾Domestic CV industry grew ~ 27% in FY 11 373,842 ¾Higher production of Tata Ace family in Uttaranchal, in place towards the end of the year. ¾New products in FY 11 – from Tata Prima Construck range, variants in the MHCV segment, passenger
Slide 11: FY11 saw growth in Passenger vehicles
FY 11 saw growth in Passenger vehicles ¾Domestic Passenger vehicles industry grew 319,712 ~30% 23% 260,020 ¾In FY11, the company crossed 2 million passenger 180,091 UV vehicle sales since inception. 158,093 ¾Sales of the Tata Passenger Cars in the Midsize Midsize segment grew 55% driven by the Manza
Slide 12: Export markets show substantial growth
Exports Markets show substantial growth with improved macro economic indicators 58,089 70% ¾ Tata export volumes increased by 70.3%. 34,109 ¾ Exports to Bangladesh, Sri Lanka & Bhutan continued to grow ¾ Certain MENA countries showed subdued sales in Q4FY11 INVESTOR RELATIONS 12
Slide 13: Business Strategy - Commercial Vehicles
Business Strategy - Commercial Vehicles Powerful combination of product, brand, cost advantage Maintain and grow leadership in India through continuous evaluation of product range Strong combination of new platforms/ products and existing products Improve value proposition for existing product
Slide 14: Continue transformation and strengthening of product portfolio
Continue transformation and strengthening of product portfolio Wide Range of Products SCVs (c.1 ton) Ace (1 ton) Super Ace (1.2 ton) Ace Zip (0.5 ton) Pickups (1-1.5 ton) RX Pickup Xenon Pickup Expected FY2012 LCV/ ICV onwards (2.25-7.5 ton) 407 1109 World LCV World ICV MHCVs (15-42 ton) LP and Novu
Slide 15: Continue transformation and strengthening of product portfolio
Continue transformation and strengthening of product portfolio Wide Range of Products SCVs (3-6 seats) Tata Magic Magic Iris UVs (7-12 seats) Winger Venture Winger Platinum Buses (16-54 seats) Globus Starbus Hispano Marcopolo Buses INVESTOR RELATIONS 15
Slide 16: Business strategy - Passenger Vehicles
Business strategy - Passenger Vehicles Fully leverage product portfolio through a focused sales distribution and marketing function Leverage young product portfolio to regain market position Expand addressable market through improved value proposition eg. Fuel efficient Powertrain options Seed
Slide 17: Relatively Young Product Portfolio
Transformation and strengthening of the existing product portfolio Relatively Young Product Portfolio Nano Venture – launched in Sumo Grande Fiat Linea Indigo Manza Aria selective states commencing Jan 2011 Xenon XT Upcoming Q4FY08 Q2FY09 Q4FY09 Q1FY10 Q3FY11 launch… New Safari Refresh Indica Vista
Slide 18: Tata Motors – Awards during FY2011
Tata Motors – Awards during FY2011 “Best New Product “Viewer’s Choice Car of “CV maker of the Year” Segment” the Year” “Good Design Award” “MPV of the Year” and more …. Tata Motors Nano Aria INVESTOR RELATIONS 18
Slide 19: Jaguar Land Rover
Jaguar Land Rover INVESTOR RELATIONS 19
Slide 20: Strong volume growth supported by markets & product actions
Strong volume growth supported by markets & product actions FY 11 Wholesale volumes and Several Product actions such as – market mix • All-new XJ –unique lightweight architecture – the 243,621 26% lightest in its class 193,982 • XKR-S launched at the Geneva Motor Show - the only Land Rover car in it
Slide 21: Jaguar Land Rover – Business Highlights
Jaguar Land Rover – Business Highlights • Significant volume & mix growth over the previous year and better realizations Emphasis on growth markets : China, Russia, Brazil, India China NSC formed in June 2010 to support growth in China • Exchange rates continued to be a positive factor • Continu
Slide 22: Jaguar and Land Rover – global growth opportunities for British iconic brands
Jaguar and Land Rover – global growth opportunities for British iconic brands Seize opportunity for JLR to deliver profitable growth from growing premium segments Capitalise on strong, globally recognised brands Invest substantially in new products and technologies - Deliver a combination of e
Slide 23: Jaguar Land Rover 2011 model year products
Jaguar Land Rover 2011 model year Jaguar products The next 3 year planning cycle to witness several new models and refreshments for Jaguar and Land Rover 2011 Model year Land Rover products INVESTOR RELATIONS 23
Slide 24: JLR award-winning cars in FY2011
JLR award-winning cars in FY2011 Two award-winning design teams led by accomplished designers Ian Callum and Gerry McGovern Jaguar and Land Rover cars continue to recognised for their design and performance, and have won a multitude of awards across categories JLR received over 80 awards from
Slide 25: 2011/12 Jaguar product actions
2011/12 Jaguar product actions Exciting new 2012MY developments XF XK XJ • Exterior and interior • Exterior and interior • Rear seat entertainment / freshening freshening enhancement • Introduction 2.2 Ltr Diesel • XKR-S – limited edition • Exclusive edition including stop start • Introduced 3 Ltr p
Slide 26: 2011/12 Land Rover product actions
2011/12 Land Rover product actions….. Launching the all-new Range Rover Evoque Range Rover – Autobiography Ultimate edition Range Rover Sport – minor refresh All new Range Rover Evoque – smallest and most fuel efficient Range Rover For launch in September 2011 Available in 3 / 5 door Discovery – 8 s
Slide 27: Other Key Subsidiaries
Other Key Subsidiaries INVESTOR RELATIONS 27
Slide 28: Tata Motors Finance
Tata Motors Finance Rs. Crores FY11 FY10 % change Disbursal (Nos) 164,262 148,015 11.0% Net Revenue * 1,366.6 1,132.0 20.7% Operating Income # 146.2 (4.5) NM Operating Margin 10.7% NA NM PAT 127.1 44.2 187.8% % of Revenues 9.3% 3.9% 138.4% * Excludes Other Income ; # Excludes Other income and Net In
Slide 29: Tata Technologies
Tata Technologies Rs. Crores FY11 FY10 % change Net Revenue * 1249.3 1070.4 16.7% EBITDA * 187.4 126.4 48.3% % of Revenues 15.0% 11.8% 320 bps Net Profit 139.0 91.0 52.8% % of Revenues 11.1% 8.5% 260 bps Note: *Excludes Other Income Revenue break-up FY11 • Increased operational efficiency and cost r
Slide 30: Tata Daewoo
Tata Daewoo Rs. Crores FY11 FY10 % change Sales (Units) 8748 8769 -0.2% Net Revenue * 2881.1 2728.7 5.6% EBITDA * 187.5 191.7 -2.2% % of Revenues 6.5% 7.0% (50) bps Net Profit 73.0 81.6 -10.6% % of Revenues 2.5% 3.0% (50) bps Note: *excludes Other Income • FY 11 Market share stood at 23.2 % vs 26.1
Slide 31: HV Axles & HV Transmissions
HV Axles & HV Transmissions Rs. Crores FY11 FY10 % Change Net Revenue * 312.1 238.7 30.7% HV EBITDA * 184.5 137.3 34.3% Axles Ltd % of Revenues 59.1% 57.5% 160 bps Net Profit 94.2 63.8 47.5% % of Revenues 30.1% 26.7% 340 bps Rs. Crores FY11 FY10 % Change Net Revenue * 294.4 209.8 40.3% HV EBITDA * 1
Slide 32: Thank You
Thank You INVESTOR RELATIONS 32