Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Shareholder Meeting (August 2023)
25 slides from Tata Motors Passenger Vehicles's shareholder meeting presentation, Aug 8, 2023
Slide 1: Tata Motors Group Annual General Meeting
Tata Motors Group Annual General Meeting August 8, 2023
Slide 2: Safe harbour statement
Safe harbour statement Other Details • Presentation format : The results provided represent the details on Statements in this presentation describing the objectives, projections, consolidated segment level. The operating segment comprise of Automotive estimates and expectations of Tata Motors Limite
Slide 3: Product and other highlights
Product and other highlights BS6 Phase 2 transition completed Altroz iCNG - no compromise of Launch of Tiago.EV, strong successfully boot space in a CNG vehicle response. JLR Order book remains strong Investment of £15b over 5 years Pre-order books to open for BEV with 185k units, 76% for RR, RRS &
Slide 4: Slew of corporate actions to simplify, synergize, scale
Slew of corporate actions to simplify, synergize, scale Board approves scheme for cancellation Voluntary delisting ADS from NYSE Clearance received from SEBI on of “A” Ord shares DRHP for TTL IPO Fund raise complete, second tranche Acquisition of Ford Sanand Facility of Rs. 3,750 crs received comple
Slide 5: FY23: Revenue ₹346 KCr, EBITDA 10.7%, PBT(bei) ₹1.5 KCr
FY23: Revenue ₹ 346 KCr, EBITDA 10.7%, PBT(bei) ₹ 1.5 KCr Robust performance of all the auto verticals; strong sequential recovery FY2 3 | C o n s o l i d ated | IndAS, ₹ KCr Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 FY23 FY22 Y-o-Y Global wholesales (K units) 317 336 322 362 1,336 1,087 22.9% Revenue 71.9 79
Slide 6: Key financial highlights
Key financial highlights Strong financial performance with multi year highs HIGHEST EVER HIGHEST EBITDA STRONG PBT (bei) INDIA NET DEBT FULL YEAR* REVENUE since FY2015 Lowest in 15 years ₹ 346.0 K crs ₹ 37.0 K crs ₹ 1.5 K crs ₹ 6.2 K crs Dividend ₹ 2 per share recommended • The Board recommended a d
Slide 7: Jaguar Land Rover Automotive plc
JAGUAR LAND ROVER AUTOMOTIVE PLC 7
Slide 8: FY23 Revenue £22.8b, EBITDA 11.3%, PBT (bei) £(64)m
FY23 Revenue £22.8b, EBITDA 11.3%, PBT (bei) £(64)m Financial performance continued to improve during the year FY2 3 | Jagu ar Lan d Ro ver | IFRS, £m Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 FY23 FY22 Y-o-Y Retails (K units) 78.8 88.1 84.8 102.9 354.7 376.4 (5.8)% Revenue (£m) 4,406 5,260 6,041 7,102 22,809
Slide 9: FY23 wholesales improve as supplies ease, strong mix
FY23 wholesales improve as supplies ease, strong mix FY2 3 | Bran d s | Wh o le sale s | Units in 000’s 294.2 321.4 158.3 147.5 86.5 58.4 49.5 38.7 33.8 42.7 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 9
Slide 10: Looking ahead
Looking ahead FY 24 Priorities Financial Targets • Continue to improve supply availability REVENUE > £ 28bn in FY 24; > £ 30bn in FY26 • Focus on brand activation to secure order book EBIT MARGIN > 6% in FY 24; > 10% by FY26 • Execute Reimagine plans flawlessly INVESTMENT TARGET of c. £ 3bn p.a. FCF
Slide 11: Tata Commercial Vehicles
Tata Commercial Vehicles (Includes Tata CV India, Tata Cummins JO results and Tata CV International) 11
Slide 12: Tata Commercial Vehicles - Volumes
Tata Commercial Vehicles - Volumes Strong recovery lead by MHCV and CV passenger segment, offset by weaker exports Tata C o mmerc i al Veh i c l es | Vo l u mes Wholesales (incl. exports ) VAHAN Market share (K units) Exports YoY 15.6% 413.1 44.7% 41.7% 357.5 392.9 322.7 FY22 FY23 FY22 FY23 12
Slide 13: FY23: Revenue ₹70.8KCr, EBITDA 7.4%, PBT(bei) ₹3.2 KCr
FY23: Revenue ₹ 70.8KCr, EBITDA 7.4%, PBT(bei) ₹ 3.2 KCr Strong sequential improvement, double digit EBITDA in Q4 FY2 3 | Tata C o mmerc i al Veh i c l es |IndAS, ₹ KCr Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 FY23 FY22 Y-o-Y Global wholesales ( K units) 103.7 103.1 97.1 118.7 422.6 367.5 15.0% Revenue 16.3
Slide 14: Comprehensive range showcased at Auto Expo 2023
Comprehensive range showcased at Auto Expo 2023 Unique Hydrogen Propulsion Concepts Unveil : EV Concepts and Vehicles ACE EV Starbus EV Prima H55.S Prima E55.S Magic EV Ultra E.9 Starbus Fuel Cell EV Prima E.28K 14
Slide 15: Comprehensive range showcased at Auto Expo 2023
Comprehensive range showcased at Auto Expo 2023 Two Fuel Agnostic Architecture Reveals Value added service exhibits Fleet Edge Intra V20 Bi-fuel Yodha CNG Azura Sampoorna Seva Signa Prima G.35K Winger e-Dukaan 15
Slide 16: Winning decisively in CV's
Winning decisively in CV’s Other highlights Key priorities • Shifting gears from 'supply chain push' to 'retail • Step up Vahan market shares and revenue pull‘; double digit EBITDA margins in Q4 growth • Signed definitive agreement for operating 1,500 • Expand growth opportunities in other areas: vi
Slide 17: Tata Passenger Vehicles
Tata Passenger Vehicles (Includes Tata PV, EV India, FIAPL JO results and International business(PV+EV)) 17
Slide 18: Tata Passenger Vehicles - Volumes
Tata Passenger Vehicles - Volumes Strong recovery continues, highest quarterly and annual sales since inception Tata Pas s en ger Veh i c l es | Vo l u mes Wholesales (incl. exports ) Exports VAHAN registration market share (K units) YoY 45.4% 541.0 372.2 13.5% 11.4% 8.0% 538.5 370.4 FY21 FY22 FY23
Slide 19: EV's continue to witness strong growth; 47.7K vehicles sold in FY23
EV’s continue to witness strong growth; 47.7K vehicles sold in FY23 Tata Pas s en ger E l ec t r i c Veh i c l es | D o mest i c Domestic Volumes VAHAN registration market share 47,792 86.5% 83.9% 72.0% 19,105 4,218 FY21 FY 2 2 FY 2 3 FY 2 1 FY22 FY23 Network Charging infra 5,314 Cities Dealerships
Slide 20: FY23: Revenue ₹47.9 KCr, EBITDA 6.4%, PBT(bei) positive
FY23: Revenue ₹ 47.9 KCr, EBITDA 6.4%, PBT(bei) positive Consistently delivering volumes growth, positive EBIT margins and PBT FY2 3 | Tata Passen ger Veh i c l es | IndAS, ₹ KCr Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 FY23 FY22 Y-o-Y Global wholesales ( K units) 130.4 142.8 132.3 135.5 541.0 372.2 45.4% Re
Slide 21: Exciting new offerings at Auto expo
Exciting new offerings at Auto expo EV portfolio ICE Portfolio Tiago EV New – Forever Harrier and Safari #DARK Harrier EV Altroz Punch iCNG with twin cylinder technology Sierra EV Avinya Curvv 1.2 and 1.5L TGDi engine
Slide 22: Winning Sustainably in PV's and Proactively in EV's
Winning Sustainably in PV’s and Proactively in EV’s Highlights Action plans • 3rd consecutive year of market beating growth. • Deliver market beating growth through new product launches and consolidate market share gains • PV business turns profitable. • Driving margin improvement through cost reduc
Slide 23: Cancellation of 'A' ORD shares and issue of ORD shares as consideration
Executive Summary Cancellation of “A” ORD shares and issue of ORD shares as consideration 1 Tata Motors Board has approved a NCLT Scheme of Arrangement for cancellation of “A” ORD shares and issuance of ORD Shares as consideration for the cancellation / capital reduction 2 Every “A” ORD shareholder
Slide 24: The scheme benefits all shareholders and the company
Benefits The scheme benefits all shareholders and the company. “A” ORD shareholders ORD Shareholders Tata Motors • The 30% discount proposed for • EPS accretive by ~4% • Capital structure streamlined the Capital Reduction Ratio is significantly lower than historical • Economic rights are not affecte
Slide 25: Thank you
TATA MOTORS Thank you