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    Ashok leyland ltd Ashok leyland ltd Document Transcript

    • Annual General MeetingJuly 19, 20112010-11 –A watershed yearMD / AL / Annual General Meeting / 19/07/11Ashok Leyland recordshighest domestic and exports turnover!MD / AL / Annual General Meeting / 19/07/11Production hits all-time high at95,337 vehicles!MD / AL / Annual General Meeting / 19/07/11Highest numberof products introduced!MD / AL / Annual General Meeting / 19/07/11Fastest ramp-upat the Pantnagarplant!Highest increasein customer touch points!The story behind this performanceMD / AL / Annual General Meeting / 19/07/11A record year for the industry …TIV grew by 31%183,495245,058322,788-50,000
    • 100,000150,000200,000250,000300,000350,0002008 -09 2009 -10 2010 -11MD / AL / Annual General Meeting / 19/07/11• Highest ever sales by AL –83,100 M&HCV –surpassed2006-07 record• 45% year-on-year growth• Regained market share with a 2.4% point increase, to26%… and for Ashok Leyland47,09357,13983,10026%23%26%0%5%10%15%20%
    • 25%30%-20,00040,00060,00080,000100,0002008 -09 2009 -10 2010 -11AL MSMD / AL / Annual General Meeting / 19/07/11All-round market share gainsGained market sharein all segmentsand in all regionsRetained leadership position in the passengersegment: both private operators and STUsMD / AL / Annual General Meeting / 19/07/11Exports set new record681259791030608-09 09-10 10-11Exports volume growth• Volume growth despite Middle East collapse• Phenomenal growth in Sri Lanka
    • • First orders received from the UkraineMD / AL / Annual General Meeting / 19/07/11Win-win partnerships across AfricaKick-started a BRT system in NigeriaProviding technology for fleet managementThis successful model to be rolled out across AfricaMD / AL / Annual General Meeting / 19/07/11Spares business grew aggressively …57364271208-09 09-10 10-11Rs. CrMD / AL / Annual General Meeting / 19/07/11… as did the Defence business24820036308-09 09-10 10-11Rs. CrMD / AL / Annual General Meeting / 19/07/11Power Solutions Businesstransforming its business model• Telecom dropped from ~Rs. 243 croretonear zero.
    • • Grew outside telecom space -94%increase in non-telecom DG sales• 100 and 160 kVA DGs launched -benchmarks in this range with 15%superior fuel efficiency• Introduced LeypowerDGs >500 kVA• 24% growth in harvester enginesales, resulting in record sales of 4,378nos165221320243 1321108-09 09-10 10-11Growth in Power SolutionsRs. Cr408353331MD / AL / Annual General Meeting / 19/07/11Product highlightsHighest R&D spend to Turnover746 products launched in one year (Normally 200/year)Apart from emissions-compliant products, an overall revamp of allplatforms in terms of performance, durability and fuel efficiency
    • Product fuel efficiency improved across the boardFully built solutions launched in trucks and busesMD / AL / Annual General Meeting / 19/07/11Product highlights: Several firsts...World‟s first in-line fuel pump enginecompliant to Euro 3 normsFirst Common Rail Diesel engine in acommercial vehicle in IndiaState-of-the-art SCR after-treatment fromAL‟s own subsidiary: AlbonairMD / AL / Annual General Meeting / 19/07/11U-Truck –Ashok Leyland‟s flagshiptruck platformInnovative, future-ready platform for tippers andtractorsIndia‟s first 8x4 medium duty tipper introducedOver 1,100 U-Trucks already on the roadFlagship U-4923 declared “CV of the year”CV of the YearMD / AL / Annual General Meeting / 19/07/11New passenger products …New thrust for Tarmac coachesFresh introductions of School Buses on the Stag and Lynx platformsMD / AL / Annual General Meeting / 19/07/11Celebrating technology @ CWG
    • Ashok Leyland’s HYBUS, India’s first CNG Hybrid Plug-In Bus, wasused to move VIPs and media at PragatiMaidanduring the CWG.MD / AL / Annual General Meeting / 19/07/11• 25% increase of service bays in one year• 60 touch points added in 2010-11, mainly in North India• More touch points in North than South• At present, 360 customer touch points and growing15% growth in network…MD / AL / Annual General Meeting / 19/07/11Capacity expansion to meetincreasing demands in IndiaFastest ramp-up at the Pantnagarplant MachineryRecruited over 1,500 executives and associatesProduction ramp up –achieved 60% of capacity by Mar 11Unique initiative “BLESSING” to up-skill manpowerSubstantial induction of women into the workforceMD / AL / Annual General Meeting / 19/07/11Capacity expansion abroadRasAl Khaimahfacility went on streamInitial capacity of 2,000 vehicles per annumWork force of 230 and growingThe FinancialsMD / AL / Annual General Meeting / 19/07/11Unbroken track record ofprofitability maintained
    • Rs Lakhs2010-11 2009-10 %growthNet Sales / income from operations 1,111,771 724,471 53.5Gross operating margin 121,756 76,284 59.6Financial expenses 16,366 8,113 101.7Net Profit 63,130 42,367 49.0MD / AL / Annual General Meeting / 19/07/11Performance Highlights –3 Years08-09 09-10 10-11R O C E (%) 8.6 13.6 18.3Inventory Turns(Times)3.5 3.5 4.2Debtors (Days) 73 25 25Debt : Equity 0.9 0.9 1.0EPS (In Rs.) 1.43 3.18 4.75MD / AL / Annual General Meeting / 19/07/11We are a 63 year young company,and getting even younger…>95% of sales from new products80% of products manufactured on machinesthat are less than 5 years old55% of executives are less than 35;50% of the network is less than 5 years old and
    • 25% of our bays less than a year oldWe have invested as much money in the last 4years as we have over the first 60 yearsMD / AL / Annual General Meeting / 19/07/11DOST JOB ONE on July 22nd–to roll out by end-AugustMD / AL / Annual General Meeting / 19/07/11The launch of LEYLAND DEEREMD / AL / Annual General Meeting / 19/07/11Leverage synergies with OptareThe 26% stake in Optare plc gives the Companyaccess to frontier bus building technologyDual marketing strategyTo drive deeper into first hemisphere marketsTo introduce buses of international quality to India andIndia-like marketsMD / AL / Annual General Meeting / 19/07/11Strengthen presence in newmarketsConsolidate presence in the SAARC marketsTarget markets of potential in Asia, Africa and CISDevelop products that meet specific needs of thesemarkets
    • MD / AL / Annual General Meeting / 19/07/11Quarter 1 -Financial PerformanceRsLakhsQtr 1 Qtr 1YOY %growth2011-12 2010-11 Q1Net Sales / income from operations 249551 100.0 234798 100.0 6.3Consumption of raw materials 179811 72.1 173460 73.9 3.7Employee cost 24974 10.0 20250 8.6 23.3Other expenditure 20304 8.1 17610 7.5 15.3Gross operating margin 24462 9.8 23478 10.0 4.2Financial expenses 5335 2.1 3162 1.3 68.7Other income 412 0.2 535 0.2 (23.0)Gross Profit (PBDT) 19539 7.8 20851 8.9 (6.3)Depreciation 8466 3.4 6147 2.6 37.7Profit from ord activities before tax 11073 4.4 14704 6.3 (24.7)Net Profit 8625 3.5 12264 5.2 (29.7)% of NetSales% of NetSalesMD / AL / Annual General Meeting / 19/07/11Highlights of Q1 performanceRevenue up despite volume drop due to pricing
    • Contained material cost –1.8% to salesrevenue lower than previous yearEBIDTA (Gross Operating Margin) marginallybetter than previous year at Rs. 245 croresHigher working capital resulted in higherFinancial ExpensesMD / AL / Annual General Meeting / 19/07/11Investor RelationsMD / AL / Annual General Meeting / 19/07/11MD / AL / AGM / 27/07/2010Value-added services forshare-holdersAnnual share-holders satisfaction surveyConducted for 10 years consecutivelyResponses are summarisedand reviewed bythe Share-holder/Investor Grievance Committeeof the BoardInvestor GuideSent to every share-holder every year since1998Annual ReportsDisclosures beyond mandatory requirementsMD / AL / Annual General Meeting / 19/07/11Sharing profitsPercentage
    • YearMD / AL / Annual General Meeting / 19/07/11Our family of shareholdersYearMD / AL / Annual General Meeting / 19/07/11Chosen one of the100 Best companies to work for!“For inspiring trust … for instilling pride”The only manufacturing company in the list500 companies across sectors participatedConducted by Great Places to Work Institute in India andThe Economic TimesTop honours for Ashok LeylandMD / AL / Annual General Meeting / 19/07/11Innovative work to create a great workplaceAttitudinal transformation, operational excellence, continual improvementsTop honours for Ashok LeylandAdjudged as a „Unique Company InitiativeThank You