Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q1 FY2005 Earnings Presentation
15 slides from Tata Motors Passenger Vehicles's earnings presentation, Jul 28, 2004
Slide 1: Tata Motors 1Q FY05 Result Review
Tata Motors 1Q FY05 Result Review July 28, 2004
Slide 2: Presentation Outline
Presentation Outline • 1Q FY05 Results • Operational Highlights 1
Slide 3: 1Q FY05 Financial Performance (Unconsolidated)
1Q FY05 Financial Performance (Unconsolidated) 1Q FY04 1Q FY05 (Rs cr) (Rs cr) Revenue (Net of excise) 2,502 3,574 Ø Net Revenue up 43% EBITDA 332 429 Other Income 10 41 Ø Volumes at 84,918 units,+41% Net Interest (54) (42) Cash Profit 288 429 Ø EBITDA growth of 30% Product Dev. Expenses (11) (27) D
Slide 4: 1Q FY05 Performance
1Q FY05 Performance Ø Input cost pressures continued, partially offset by product price increases in 1Q. Ø Increase in Employee and Other expenses primarily due to higher production. Ø Balance sheet size of Rs 7,464 cr with investible surplus of Rs 3,713 cr. Ø Raised US$ 400 mn by issue of Foreign C
Slide 5: Performance of Key Subsidiaries
Performance of Key Subsidiaries Ø Post acquisition, DWCV’s name has been changed to Tata Daewoo Commercial Vehicle Company Limited (TDWCV). Ø TDWCV - Turnover of Rs 339 cr and PBT of Rs 19.3 cr during April-June 2004. Ø The combined turnover of the key six subsidiaries stood at Rs 652 cr as compared
Slide 6: Presentation Outline
Presentation Outline • 1Q FY05 results • Operational Highlights 5
Slide 7: Tata Motors – Sales performance: Total Sales Volumes
Tata Motors – Sales performance Total Sales Volumes 100,000 Units 84,918 80,000 60,396 41,766 60,000 32,156 40,000 20,000 43,152 28,240 0 1Q FY04 1Q FY05 CV PV Ø Volume growth of 41% § Domestic volumes up 42% § Exports volumes +17% 6
Slide 8: Commercial Vehicles: CV Sales Volumes
Commercial Vehicles Ø Total CV Volume growth of 53% CV Sales Volumes § Domestic volumes up 50% against Units Industry growth of 43% 50,000 M/HCVs +58%, LCVs +34% 43,152 § Exports more than doubled 3,275 Growth in Pick-up exports 28,240 Ø CV market share up from 57.1% to 59.6% 25,000 1,597 § Signific
Slide 9: Passenger Vehicles: PV Sales Volumes
Passenger Vehicles Ø Total PV Volume growth of 30% PV Sales Volumes § Domestic volumes +35%; Outperform Units Industry growth of 20% 50,000 41,766 Ø PV domestic market share of 17.4% against 15.5% last year 985 § Second-largest player in PVs 32,156 § Cumulative sales cross 700,000 unit 2,038 mark 25
Slide 10: 1Q FY05 Performance (unconsolidated)
1Q FY05 Performance (unconsolidated) Net Revenue Profit after Tax Rs cr Rs cr 4,000 3,574 250 223 3,000 200 2,502 150 2,000 1,748 100 100 1,000 50 28 0 0 1Q FY03 1Q FY04 1Q FY05 1Q FY03 1Q FY04 1Q FY05 Net Revenues (up 43% YoY) EBITDA (up 30% YoY) PAT (up 123% YoY) 9
Slide 11: Working Capital Management
Working Capital Management Inventory Trade Receivables Days of sale Days of sale 60 40 42 35 34 30 24 40 18 20 20 9 10 0 0 1Q FY03 1Q FY04 1Q FY05 1Q FY03 1Q FY04 1Q FY05 Negative Working Capital maintained 10
Slide 12: Comfortable Liquidity position
Comfortable Liquidity position Net Debt Rs cr (50) (150) (250) (350) (450) (550) (548) (650) (604) Mar 31,2004 Jun 30, 2004 Net Debt = Gross Debt – Surplus Cash Surplus cash of Rs 3,713 cr 11
Slide 13: Going forward….
Going forward…. Ø Continuing input cost pressure Ø Progress of monsoon needs to be watched closely Ø Tata Motors’ Board has approved of a proposal to list the Company’s GDRs on the New York Stock Exchange (NYSE) in the form of ADRs. This is intended to be a Level II listing without any concurrent fu
Slide 14: 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 15: Thank You
<p TATA Thank You TATA MOTORS