Beruflich Dokumente
Kultur Dokumente
Aerospace
Construction
Automotive
Packaging
Consumer products
Rail
Shipbuilding
Disclaimer
Statements in this presentation describing the Companys performance may be forward looking
statements within the meaning of applicable securities laws and regulations. Actual results may
differ materially from those directly or indirectly expressed, inferred or implied. Important factors
that could make a difference to the Companys operations include, among others, economic
conditions affecting demand/supply and price conditions in the domestic and overseas markets
in which the Company operates, changes in or due to the environment, Government regulations,
laws, statutes, judicial pronouncements and/or other incidental factors.
0.95
0.78
0.68
0.60
0.56
0.44
0.38
FY11
FY12
FY13
FY14
FY15
9M FY16
INDIA
EUROPE
Capacity building
of ~2,500 self-help
group members
European
operations support
communities in
three areas:
education, health
and wellbeing and
environment
Thousand school
project aimed at
improving
standards of
education in
government
schools covering
114 schools
~8,000 farmers
adopt the system
of Rice
intensification
method of paddy
cultivation
~49,000 students
of government
schools in
Jharkhand covered
under the mid-day
meal programme
Samvaad a
pan-India tribal
conclave
organised at
Jamshedpur
showcasing a
holistic picture of
tribal culture and
heritage
Employees donated
goods and
equipment to help
communities
affected by flooding
in North West UK
9M FY16 Spend
` Crs
Education
16
Gopalpur Hospital
21
Health
21
Livelihood
17
Infrastructure
12
Others (Sports,
Environment, etc.)
57
Total
144
Employees in South
Wales and North East
UK supported
vulnerable groups at
Christmas time,
including by donating
about a tonne of food
products and gifts
Agenda
SN
Particulars
Financial performance
Europe performance
Appendix
% Revision in estimates
Revised GDP Estimates(%)
6.9
6.7
6.5
(2.0)
(1.6)
(1.0)
(0.4)
2.5
2
2.4
0.1
1.5
1.7
1.7
2.4
2.9
3.1
World
(0.2)
(0.2)
0
2.4
2.4
2.2
(0.1)
0
(0.3)
(0.2 )
7.3
7.8
7.9
(0.1)
(0.4 )
(0.4 )
Euro Area
UK
2015(E)
India
Thailand
2016
China
2017
CY15
change
7.8
6.5
5.7
5.4
(59%)
1.1
(1.4)
(1.5)
(2.6)
(3.2)
(1.2)
0.4
(1.2)
(0.5)
(0.4)
(2.1)
(2.9)
(2.6)
(0.4)
(2.0) (1.4)
(2.5)
EU
Q1 CY15
(8%)
1.2
(20%)
1.21.0
(1.2)
(2.1)
(4.4)
(14%)
(2%)
0.5
0.5
(1.7) (1.7)
(0.7)
(1.8)
(4.0)
(4.4)
0.6
(1.5) (1.6)
(1.4)
(6.8)
(6.2)
World
(8%)
16.4
(15.6)
(18.6)
UK
Q2 CY15
Q3 CY15
(20.5)
India
Q4CY15
China
INR
Ruble
Q1 CY15
Source: World Steel Association, CRU,World Bank, Bloomberg, OECD
(10.9)
(30.8)
KRW
GBP
Q2 CY15
EURO
Q3 CY15
JPY
CNY
Q4 CY15
6
112.6
18%
26%
41%
2014
112
106
86
74
63
78
Q1CY15
550
450
570
527
505
468
58
54
47
Q2CY15
Q3CY15
Q4CY15
29.3
30.8
525
473
467
455
400
Q4 CY15:
YoY 36%
QoQ 14%
Q4CY14
600
500
90
2015
3%
26.7
25.8
93.8
20%
350
453
440
430
440
416
390
404
376
357
357
300
301
250
263
200
Q4 CY15
Q1 CY15
Q2 CY15
Q3 CY15
Germany HRC domestic spot
UK HRC domestic Spot
China HRC export FOB spot
Q4 CY15
Q3 FY16
Figures in ` Crore unless specified
India
Europe
SE Asia
Others
& Elimn
Group
Q2 FY16
Q3 FY15
Group
Group
2.35
3.35
0.65
0.02
6.37
6.29
6.29
Turnover
9,064
16,344
1,785
846
28,039
29,305
33,633
2,341
5,049
59
176
7,625
8,784
10,553
Reported EBITDA
1,525
(675)
52
(61)
841
4,694
3,090
Underlying EBITDA*
1,523
(675)
52
(61)
838
1,985
2,790
6,481
(2,017)
796
1,317
3,156
4,432
EBIT
1,034
(1,114)
(9)
(173)
(292)
3,323
1,639
Deliveries (Mn T)
Q3 FY16
Q2 FY16
Q3 FY15
(712)
(564)
(1,937)
1,785
578
(2,127)
1,529
157
9M FY16
Figures in ` Crore unless specified
India
Europe
SE Asia
9MFY15
Others &
Elimn
Group
Group
6.82
10.06
2.03
0.07
18.98
19.25
27,689
51,147
6,048
2,760
87,644
1,05,838
7,541
16,753
224
612
25,131
31,959
Reported EBITDA
8,707
(339)
155
507
9,031
11,165
Underlying EBITDA*
5,200
(241)
155
507
5,622
11,112
7,619
(239)
764
2,962
5,773
EBIT
7,267
(2,127)
(29)
160
5,181
6,734
Deliveries (Mn T)
Turnover
9M FY16
Exceptional gains/ (charges)
Profit Before Tax
Profit After Tax, Minority Interest and
Associates Income
* Excludes one-off items and profit on sale of quoted investments
9M FY15
(1,117)
883
1,099
4,449
164
1,749
10
` Crores
4,596
683
98
(294)
3,197
(218)
(1,388)
(280)
163
906
Central &
Others
Q3 FY'16
Underlying
EBITDA
404
391
(357)
305
(2,806)
Q2 FY'16
Reported
EBITDA
Production
Volume
Regulatory
Impact
Actuarial
Changes
Others
Adjusted
EBITDA
Profit on sale
of quoted
investments
Underlying
EBITDA
Revenue Vol/Mix
Note: Group EBITDA consists of EBITDA across four operating entities TSI, TSE, NSH & TSTH
11
` Crores
85,168
160
80,903
80,701
(4,424)
2,984
(3,186)
75,118
73,614
10,050
225
7,289
Gross Debt
Mar 15
Loans Movt
Forex impact
Gross Debt
Sep 15
Loans Movt
Forex impact
Gross Debt
Dec 15
74,893
Derivatives
Underlying Net
Debt Dec 15
13
Agenda
SN
Particulars
Financial performance
Europe performance
Appendix
28%
YoY % Growth
60
Expansion
55
50
45
15%
14%
14%
5%
8%
4%
1%
-4%
2%
3%
-4%
FY11
2014
Singapore
335
80
1.3
20
9M FY15
JAPAN
9M FY16
KOREA
OTHERS COUNTRIES
2.1
19
0
FY15
Demand(LHS)
Q3
FY15
Q2
FY16
286
204
178 173 173
95
122 113
67
90
110
95
93
86
70
69
84
82
92
94
86
20
FY14
219
2
1
19
235
Q3
FY16
Net Imports(RHS)
Dec-15
74
CHINA
2.0
77
304 303
264 268
248 252 258
60
40
Oct-15
2676
385
373
Nov-15
2580
Sep-15
1682
3.8
Jul-15
1401
1054
100
Aug-15
2264
Construction
Jun-15
1957
Apr-Nov
FY16*
Apr-15
6,992
Capital goods
May-15
2418
Consumer goods
Feb-15
29%
-16%
Apr-Nov
FY15*
-13%
FY15
2015
Automobiles
India
-12%
Mar-15
2013
5%
1%
6%
FY14
Jan-15
2012
Dec-14
2011
Nov-14
2010
FY13
Oct-14
2009
1%
-4%
-6%
Sep-14
2008
FY12
12%
5%
5%
3%
Contraction
40
13%
12%
9%
15
Higher deliveries with stable mix of value added products across key
business segments
Steel sales (in kt)
6,824
6,342
2%
2,258
5%
834
57
15%
10%
1%
2,374
2,582
833
61
49
1,035
1,011
2,239
2,128
2,331
342
742
774
270
366
779
907
279
Transfers
26
2,350
333
827
919
271
9M FY15
9M FY16
Q3 FY15
Q2 FY16
Q3 FY16
Automotive and Special Products
Branded Products, Retail & Solutions
Industrial Products, Projects & Exports
35
33
12
11
11
Q3 FY 15
Ferro Chrome
Q2 FY 16
Ferro Manganese
Dolomite
Q3 FY 16
Chrome Concentrate
Within the IPPE segment, share of value added products increased significantly led by
strong deliveries in LPG segment
Commercialised 8 products in 9M FY16, to further enrich our product portfolio
16
` Crores
4,771
414
33
-2,806
2
-218
-527
1,525
-144
Q2 FY16
Revenue
Other operational
cost
Vol/Mix
Bought out
Metaliks
Regulatory
Impact
Sale of Quoted
other Inv.
Others
Q3 FY16
Kalinganagar plant
Blast Furnace
Sinter Plant
18
Kalinganagar plant
...contd
19
NatSteel Holdings
Deliveries declined due to subdued demand in Singapore and
mothballing of China operations
Stable profitability on the back of renewed focus on cost
management
Continue to focus on export to selected niche markets and higher
sales volumes of downstream operations and solutions business
20
Business Outlook
South East Asian markets will continue to be under pressure due to Chinese
imports
21
Agenda
SN
Particulars
Financial performance
Europe performance
Appendix
Exchange Rates
4%
2%
2008
0%
2009
2010
2011
2012
2013
2014
2015
2016
Eurozone
-2%
UK
-4%
2008
-6%
2009
2010
2011
2012
2013
2014
2015
2016
15%
20
Automotive
10%
20%
Import (LHS)
Machinery
18
Construction
EU deliveries (LHS)
16
15%
5%
14
0%
2012
-5%
-10%
12
2013
2014
2015
2016
10%
10
8
5%
0%
2010
2011
2012
2013
2014
2015
Low-priced imports harmed European steel producers margins as importers took up 80% of EU
steel demand growth
1. Realised output: gross value added by the sector to the economy, 2. 3mma: 3 month moving average
Source: ONS, Eurostat, WMReuters, Eurofer
23
3.74
3.58
3.56
3.31
Q3 FY15
Q2 FY16
Q3 FY16
Q3 FY15
3.27
Q2 FY16
3.35
Q3 FY16
priced imports
24
million
0
(20)
(40)
(60)
3 months to
Dec 2015
3 months to
Sep 2015
(25)m
Selling
Result
(99)m
Cost
Changes
Production
Volume
Central
& Other
Manufacturing
(80)
(100)
(68)m
5m
46m
(45)m
50m
(120)
(140)
Selling Result impacted by continued downward pressure on prices due to flood of unfairly-traded
products from China
Strategic decision to reduce Production Volume to focus on higher-value markets
Manufacturing improved due to initial results of recent restructuring and cost-saving initiatives
Central & Other costs were broadly in line with prior quarter
25
Customer-focused approach
Further progress on differentiation strategy with 30 new product
launches again this year, including high-strength packaging and
automotive steels
Supports differentiated sales growth, such as 18% y/y increase in key
automotive market
Quality, differentiation and delivery recognised by customers
Volvo awarded Tata Steel its quality award - the first time the Swedish
carmaker has presented it to a steel supplier
26
Business Outlook
27
Agenda
SN
Particulars
Financial performance
Europe performance
Appendix
Particulars
Net sales
Q3 FY16 Q2 FY16
Key Reasons
Higher steel and FAMD volumes partly offset by lower steel and FAMD
realisations
8,991
9,446
73
85
Changes in inventories
(173)
(132)
Purchases of finished,
semis & other products
333
198
2,341
2,871
Employee benefits
expenses
1,139
1,085
Purchase of power
674
668
778
707
Depreciation and
amortisation
491
481
2,474
2,272
Other income
83
2,933
Finance costs
350
331
40
(1,322)
247
138
Other expenses
Exceptional Item
Tax
Particulars
Q3 FY16
Q2 FY16
27,819
29,069
220
236
Changes in inventories
957
114
Purchases of finished,
semis & other products
2,432
2,392
7,625
8,784
Employee benefits
expenses
4,965
4,990
Purchase of power
1,317
1,379
1,988
2,045
Lower freight rates in Europe partly off set by higher freight rates in India
and destination mix
Depreciation and
amortisation
1,133
1,371
Other expenses
7,979
7,770
Other income
96
2,938
Finance costs
964
1,049
(712)
(564)
243
240
Net sales
Exceptional Item
Tax
Key Reasons
Lower steel realisations across geographies partly offset by higher
deliveries at India and Europe
Contact Information
For Investor
Enquiries:
For Media
Enquiries:
Devang Shah
Tel: +91 22 6665 0530
Email: devang.shah@tatasteel.com
Kulvin Suri
Tel: +91 657 664 5512 /
+91 92310 52397
Email: kulvinsuri@tatasteel.com
Ramvikas Nag
Tel: +91 22 6665 0557
Email: ramvikas.nag@tatasteel.com
Enda Joyce
Tel: +44 203 817 6693
+44 7980 916 827
Email:ejoyce@hanovercomms.com