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2021 JAGUAR LAND ROVER AUTOMOTIVE PLC

ANNUAL REPORT 2020/2021

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2020/21 PDF

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LEADERSHIP COMMENTARY

I am happy to share that the company has delivered a resilient performance during the year. Its financial and market performance notwithstanding, Jaguar Land Rover with its, famous British brands made a critical contribution to the Tata Group’s worldwide efforts to help our communities and our people.

Natarajan Chandrasekaran

CHAIRMAN

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Even without the impacts of Covid-19, the business faced challenges that could be considered major risks. However, the pathway navigated during the final two quarters is evidence of our fundamentally strong, re-emerging business. Of course, there are still many hurdles to overcome, but we now have a clear view of the road ahead with our Reimagine strategy; a future of modern luxury by design.

THIERRY BOLLORÉ

CHIEF EXECUTIVE OFFICER

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FISCAL 20/21 AT A GLANCE

REVENUE

£0BN

2019/2020 - £23.0BN

PROFIT/(LOSS) BEFORE TAX AND EXCEPTIONAL CHARGES

£0BN

2019/2020 - £(0.4)BN

FREE CASH FLOW

£0BN

2019/2020 - £(0.8)BN

NET DEBT

£0BN

2019/2020 - £2.2BN

RETAIL SALES INCLUDING OUR CHINA JOINT VENTURE

0UNITS

2019/2020 - 508,659 UNITS

WHOLESALES EXCLUDING OUR CHINA JOINT VENTURE

0UNITS

2019/2020 - 475,952 UNITS

LEADERSHIP COMMENTARY

Looking ahead, we anticipate that the challenges facing our industry will continue, however, we are focused on executing our new Reimagine strategy underpinned by the Refocus transformation programme. Together, Reimagine and Refocus, will deliver growing revenue to over £30 billion and double digit EBIT margin by FY2025/26, strong positive free cash flow from FY2022/23 after around £2.5 billion investment spending (annually) and a reduction in net debt; returning to a net cash position in FY2024/25 and thereafter.

ADRIAN MARDELL

CHIEF FINANCIAL OFFICER

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2020/2021 IN FOCUS