Tata Motors Limited · NSE:TMCV
Tata Motors — Q1 FY12 Earnings Presentation
21 slides from Tata Motors's earnings presentation, Aug 11, 2011
Slide 1: Jaguar Land Rover Results for the quarter ended 30 June 2011
Jaguar Land Rover Results for the quarter ended 30 June 2011 11 August 2011
Slide 2: Disclaimer
Disclaimer Statements in this presentation describing the objectives, projections, estimates and expectations of Jaguar Land Rover PLC and its direct and indirect subsidiaries (the “Company”, “Group” or “JLR”) may be “forward-looking statements” within the meaning of applicable securities laws and r
Slide 3: Participants
Participants Unni Menon Group Finance Director Jaguar Land Rover PLC Kenneth Gregor CFO Jaguar Land Rover Bennett Birgbauer Treasurer Jaguar Land Rover C. Ramakrishnan CFO Tata Motors Vijay Somaiya Head of Treasury & Investor Relations Tata Motors
Slide 4: Agenda
Agenda Key topics Page Financial performance 5 Looking ahead 14 Closing Q&A 18
Slide 5: Financial performance
Financial performance Retail volumes 63,276 units, up 4,188 units or 7% Wholesale volumes 62,090 units, up 2,889 units or 5% EBITDA £362m, up £32m from £330m Net income before tax £251m, in line with prior year of £259m Free cash flow £114m, in line with prior year of £104m, after increase in produc
Slide 6: Key financial metrics
Key financial metrics Key metrics Quarter Ended 30 June (£ millions, unless stated) 2011 2010 Change Retail volumes (‘000 units) 63 59 7% Wholesale volumes (‘000 units) 62 59 5% Revenues 2,703 2,253 450 EBITDA 362 330 32 EBITDA % 13.4% 14.6% (1.2)ppt Net income before tax 251 259 (8) Free cash flow
Slide 7: Year over year PBT drivers
Year over year PBT drivers Wholesale volumes up 2,889 units supported by strong market and product mix Continued strong growth in China and developing markets supported by the launch of our national sales company in China Strong higher margin product mix, eg Range Rover, Ranger Rover Sport, Discover
Slide 8: Retail volumes by carline
Retail volumes by carline Jaguar – Q1 FY12 vs Q1 FY11 down 10% 13,894 1,552 258 9,628 2,456 Q1 FY11 12,557 1,454 4 6,732 4,367 Q1 FY12 XK X-Type XF XJ up 12% 45,194 13,192 5,660 11,850 9,983 4,509 Q1 FY11 50,719 12,985 7,554 13,854 11,514 4,812 Q1 FY12 Freelander Range Rover Range Rover Sport Discov
Slide 9: Retail volumes by geography
Retail volumes by geography UK down 19% 13,228 9,054 4,174 Q1 FY11 10,667 7,729 2,938 Q1 FY12 North America up 10% 12,636 8,912 3,724 Q1 FY11 13,918 9,775 4,143 Q1 FY12 China up 48% 6,717 5,787 Q1 FY11 9,943 8,577 1,366 Q1 FY12 All Other Markets (RoW) 17.9% Russia 5.7% Europe (excl.Russia) 22% UK 16
Slide 10: Strong profit performance
Strong profit performance Consolidated income statement Quarter Ended 30 June (£ millions, unless stated) 2011 2010 Change Revenues 2,703 2,253 450 Material cost of sales (1,774) (1,404) (370) Employee costs (210) (190) (20) Other expenses (net) (533) (452) (81) Product development costs capitalised
Slide 11: Strong cash generation
Strong cash generation Consolidated cash flow statement Quarter Ended 30 June (£ millions, unless stated) 2011 2010 Change Cash from operating activities 380 369 11 Working capital changes and income tax paid 132 (86) 218 Cash flow from operations 511 283 228 Investment in tangible and intangible as
Slide 12: Sound financial health
Sound financial health Key financial indicators 30 June 31 March (£ millions, unless stated) Change Cash 1,383 1,028 355 Undrawn committed lines 265 356 (91) Undrawn uncommitted lines 464 411 53 Total liquidity 2,112 1,795 317 Total equity 1,678 1,475 203 Net debt (excl. finance leases) 295 354 (59)
Slide 13: Agenda
Agenda Key topics Page Financial performance 5 Looking ahead 14 Closing Q&A 18
Slide 14: All-new Range Rover Evoque
All-new Range Rover Evoque Winner of Auto Express ‘Car of the Year’ Award and ‘Best Compact SUV’ Range Rover Evoque: Successful And Sold Out OMNIAUTO - Italy Range Rover Evoque: Trend-Setter AUTO - Italy Job One 4th July Evoque All-new Range Rover product The smallest, lightest, most fuel efficient
Slide 15: Product actions – Jaguar XF 2012 MY
Product actions – Jaguar XF 2012 MY The Cat Ups The Beat Press Event: Presentation Of The Jaguar XF 2.2 D 30 Jun 11, AUTO-MEDIENPORTAL.NET, Peter Schwerdtmann The entrance diesel model shows style, elegance and power AUTOZEITUNG This new XF has massive appeal, partly due to its more contemporary loo
Slide 16: Summary
Summary Strong financial performance in Q1 FY12 Going forward in FY12 focus is on - launching all-new Range Rover Evoque - launching the new 2012 MY Jaguar XF and other refreshed Jaguar and Land Rover products - continuing to monitor economic and sales trends closely to balance sales and production
Slide 17: Agenda
Agenda Key topics Page Financial performance 5 Looking ahead 14 Closing Q&A 18
Slide 18: Q&A
Q&A
Slide 19: Additional Slides
Additional Slides
Slide 20: Strong balance sheet
Strong balance sheet Consolidated balance sheet 30 June 2011 31 March 2011 (£ millions, unless stated) Change Cash & cash equivalents 1,383 1,028 355 Other assets 5,966 5,648 318 Total assets 7,349 6,676 673 Total debt (excl. finance leases) 1,678 1,382 296 Other liabilities 3,993 3,819 174 Total li
Slide 21: Product and other investment
Product and other investment Details Quarter Ended 30 June (£ millions, unless stated) 2011 2010 Change R&D expense Capitalised 176 123 53 Expensed 26 11 15 Total R&D expense 202 134 68 Investment in tangible assets 192 44 148 Investment in other intangible assets 6 - 6 Total product and other inves