Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q3 FY2006 Earnings Presentation
21 slides from Tata Motors Passenger Vehicles's earnings presentation, Feb 9, 2006
Slide 1: Tata Motors 3Q FY06 Results Review
Tata Motors 3Q FY06 Results Review 9th February, 2006
Slide 2: 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 3: Agenda
Agenda • Financial Results • Operational Highlights • Subsidiary Performance 2
Slide 4: 3Q FY06 Financial Performance (Unconsolidated)
3Q FY06 Financial Performance (Unconsolidated) Rs crores 3QFY06 3QFY05 % change At 111,228, sales volumes up 12.7% Gross Revenue 5903.6 5091.1 16.0% Net Revenue 5074.6 4362.8 16.3% Net Revenue Rs 5074.6 Cr. EBITDA 623.1 581.1 7.2% up 16.3% EBITDA Margin 12.28% 13.32% -104bps EBITDA at Rs 623.1
Slide 5: April-December'05 Financial Performance (Unconsolidated)
April- December’05 Financial Performance (Unconsolidated) Rs crores Apr-Dec Apr-Dec % change ¾ At 305,786, sales volumes FY06 FY05 up 9.5% Gross Revenue 16,024.9 14,220.2 12.7% Net Revenue 13,719.5 12,080.3 13.6% ¾ Net Revenue: Rs13,719.5 Cr EBITDA 1,686.9 1,530.5 10.2% EBITDA Margin 12.30% 12.70% -
Slide 6: Profitability
Profitability EBDITA Profit after Tax Rs cr Rs cr 2000 1,200 1071 1687 1531 900 849 1500 1000 600 460 581 623 316 500 300 0 0 FY05 FY06 FY05 FY06 3Q April- December 3Q April- December EBIDTA up 7.2% in 3QFY06 PAT up 46.5% in 3QFY06 EBIDTA up 10.2% in April- December 2005 PAT up 26.5% in April- Decem
Slide 7: Working Capital and Capital Structure
Working Capital and Capital Structure Working Capital as on 31st Dec’05 Capital Structure as on 31st Dec’05 Days of sale Rs cr Net Capital Employed 8372 Receivables 9 Net Debt 2561 Inventory 44 Net Worth 5296 0 10 20 30 40 50 0 2000 4000 6000 8000 10000 Net Debt includes loans and receivables of veh
Slide 8: Agenda
Agenda • Financial Results • Operational Highlights • Subsidiary Performance 7
Slide 9: Sales Performance
Sales Performance 3Q Sales Volumes April – Dec’05 Sales Volumes Units Units 305,786 120,000 111,228 320,000 270,937 99,446 259,857 279,156 89,956 98,662 280,000 100,000 240,000 80,000 200,000 60,000 160,000 120,000 40,000 80,000 34,849 20,000 11,782 40,000 8,706 19,299 0 0 Domestic Exports Total Dom
Slide 10: Commercial Vehicle Sales - 3QFY06
Commercial Vehicle Sales - 3QFY06 ¾Industry volumes in the CV segment 3QFY06 Domestic CV Sales grew by 5.7% in 3QFY06. Units ¾CV domestic Volumes of the Company 60,000 were up 10% y-o-y to 56,077 in 3QFY06 56,077 50,908 from 50,908 in 3QFY05. 50,000 M/HCVs at 34,560, up 1% y-o-y 34,221 34,560 LC
Slide 11: Commercial Vehicle Sales – April-December 2005
Commercial Vehicle Sales – April- December 2005 YTD Domestic CV Sales ¾ Industry volumes in the CV segment grew 6.6% during Units April- Dec’05 150,000 143,420 134,861 ¾ CV domestic Volumes of the Company were up 6.4% during April- Dec’05 92,115 100,000 85,602 M/HCVs at 85,602; down 7% y-o-y 57,81
Slide 12: Passenger Vehicle Sales - 3QFY06
Passenger Vehicle Sales - 3QFY06 3QFY06 Domestic PV Sales ¾ Domestic PV Volume Sales up 11% y-o-y Units • Total passenger car volumes at 34,033 units during 3QFY06; up 10.1% y-o-y 50,000 43,368 (+11%) • UV volumes at 9,336 units during 3QFY06; up 15% y-o-y 39,050 40,000 9,336 ¾ At 15.6%, 100bps y-o-
Slide 13: Passenger Vehicle Sales – April-December 2005
Passenger Vehicle Sales – April- December 2005 ¾ Passenger Vehicle industry registered YTD Domestic PV Sales 5.9% volume growth during April- December’05 Units 124,996 127,517 (+4%) ¾ Domestic PV Volume Sales of the 135,000 Company grew by 2% April- December’05; 22,472 24,926 • Market share at 15.8%
Slide 14: International Business
International Business April- December’05 Export Volumes Units Units 13,994 40,000 14006 30,000 (+34%) 6,333 20,000 5848 20,843 (+36%) 10,000 13,451 0 April-Dec'04 April- Dec'05 CV Units PV Units ¾ Key countries of Export were South Africa, Turkey, South Asia and parts of Europe ¾ TML Export Volumes
Slide 15: Vehicle Financing (Tata Motors Finance)
Vehicle Financing (Tata Motors Finance) 70 64,061 26.0% 60 23.7% 24.0% 22.0% 50 45,726 20.0% 40 3,605 17.6% 18.0% 30 2,286 16.0% 20 14.0% 10 12.0% 0 10.0% April - Dec'04 April - Dec'05 Vehicles / Equipments Financed (Nos.) Finance Disbursed (Rs.Crs.) Market Share (%) April - Dec'05 April - Dec'04 Gr
Slide 16: Agenda
Agenda • Financial Results • Operational Highlights • Subsidiary Performance 15
Slide 17: Key Subsidiary Financials
Key Subsidiary Financials Subsidiary Turnover (Rs Cr) Change PBT (Rs Cr) Change PAT (Rs Cr) Change Apr-Dec 05 Apr-Dec 04 (%) Apr-Dec 05 Apr-Dec 04 (%) Apr-Dec 05 Apr-Dec 04 (%) Tata Daewoo CV 1,109.2 878.6 26% 61.2 22.5 172% 45.8 16.7 175% Ltd., Korea (TDCV) Telco Construction Equipment Co. Ltd 793.
Slide 18: Operational Highlights of Subsidiaries
Operational Highlights of Subsidiaries TDCV ¾ TDCV registered total sales volume of 3,907 units during April – December’05 against 3,541 units during April – December’04, up 10. 3 % y-o-y. ¾ While the domestic market share of TDCV stood at 27.7% during April – December 2005, the exports registered a
Slide 19: Operational Highlights of Subsidiaries …contd.
Operational Highlights of Subsidiaries…contd. TELCON ¾ Tata Motors sold another 20% of its stake in Telcon to Hitachi during the quarter, thereby reducing its total stake to 60% from 80% held earlier. ¾ Registered 45% growth in volume sales; 2,504 units in April – December’05 from 1,727 units in Apr
Slide 20: Going forward….
Going forward…. ¾ Economic growth, industrial production and infrastructure development expected to continue to boost the economic development ¾ Further increase in interest rates movement is likely to put a pressure on interest cost ¾ While steel prices have stabilised, increase in the prices of ot
Slide 21: Thank You
ap TATA Thank You TATA MOTORS