Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — FY2019 Earnings Presentation
25 slides from Transport Corporation Of India's earnings presentation, May 29, 2019
Slide 1: Intimation under Regulation 30 cover letter
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Slide 2: Earnings Presentation FY 2018-19
Earnings Presentation FY 2018-19
Slide 3: Group Information
Group Information 1958 $650 Mn 2.5% Year of Establishment Group Revenue Moving India’s GDP 6,000+ 1,400+ 12,000 Employee Strength IT Enabled Own Offices Trucks in Operations 2
Slide 4: Group Overview
Group Overview SBU’s and Services TCI’s Joint Venture/Subsidiaries Other Group Companies JV with CONCOR (49%) to FTL/FCL, LTL & provide end to end multi modal solutions. Over-dimensional cargo services Demerged in 2016 , through Road, Rail undertakes time sensitive and & Sea. JV with Mitsui & Co (51
Slide 5: Board of Directors
Board of Directors Name Designation Mr. S M Datta (1) Chairman (Non-executive independent director) Mr. D P Agarwal (2) Vice Chairman & Managing Director Mr. Vineet Agarwal Managing Director Mr. S N Agarwal Non-executive director Mr. O S Reddy (1) Non-executive independent director Mr. K S Mehta Non
Slide 6: Corporate Governance
Corporate Governance Corporate Social Responsibility TCI would be taking CSR initiatives through TCI Foundation, TCI Institute of Logistics & TCI Charities under below activities: TCI Policies Company establishes the policies and procedures to ensure full compliances as applicable and to protect int
Slide 7: Domestic Logistics Market Size
Domestic Logistics Market Size # Entry Barrier Low High High High High Industry Structure Fragmented Organized Organized Organized Organized Estimated Market Size ( Bn USD) 100 10 16 6 1 Estimated CAGR 10% 10% 12% 18% 10% EBDITA Margins % 2-4% 8-11% 16-18% 5-15% 25-35% RoCE % 10-12% 15-
Slide 8: Logistics Key Growth Drivers
Logistics Key Growth Drivers • Stable growth in GDP Economic Growth • Increase in consumption trends • Urbanization: Emergence of demand centers • Brings transparency Regulatory Reforms • Level playing field for organized players (GST, Eway Bill ) • Consolidation and cost optimization • More public
Slide 9: Key USPs
Capability to offer both LTL & FTL at National Level Complex Technology supply chain driven Key designing and operations solutions USPs Large-scale Multimodal modern Capabilities warehousing 8
Slide 10: Largest player having both LTL and FTL capabilities at National Level
Largest player having both LTL and FTL capabilities at National Level Hub Centers Presence across India with IT enabled 25 Hub centers and 700+ Branch network Centralized Vehicle tracking through GEO Fencing System , and customer service by quick response team. On demand use of Foldable large contai
Slide 11: Complex Supply Chain Design & Execution
Complex Supply Chain Design & Execution •Supplier to Plant • Bonded Production Plant Plant Finished • 3PL Services Warehousing Support Goods & •DC/FC Logistics •Domestic and Efficiency •4 PL Services Global Services Logistics Aftermarket •LMD JIT (Just in Time) Model Road Transport Distribution Cent
Slide 12: Large-scale Modern Warehousing
Large-scale Modern Warehousing Auto Retail & CP Hi-tech Chemicals Healthcare Cold Chain TCI covers 12 million sq feet of warehousing space – Warehousing Cross dock operations owned/ long leased/ customer owned TCI Warehousing operations Infrastructure of Racking , Pigeon Holes, Cage Bins, Mezzanine
Slide 13: Multimodal Transportation
Multimodal Efficient use of various Transportation transportation-mode for seamless movement ICD Khatuwas/Dadri Mundra Port Vendors/Supp liers Movement by Road Movement by Rail Movement by Integration of EWB and all Sea Transport modes Factory/ Kochi Port Delivery 12
Slide 14: Technology Driven operations
Technology Driven operations 13
Slide 15: FY2018-19 Standalone Highlights
FY2018-19 Standalone Highlights Figures in Mn. 1276 FY19 FY18 25,851 FY17 22,023 1,037 18,220 Revenue Growth 703 PAT Growth 17% 23% 281, 1% 3326, FRT 13% FRT 2389, 19% 3662, 29% SCS SCS 12093, Seaways 47% Seaways 3130, 24% Others Others 10149, 3645, 28% 39% Business Mix Capital Employed Mix 14
Slide 16: TCI Freight Division
TCI Freight Division Key Operational Highlights • Registered growth amid increase in both 3,500 (120) volume and price Trucks & Trailers in operation (owned) • PBIT margins stood at 3.2% for the year and grew by 25.0% despite floods, truckers strike 700 • & fuel increases Improvement to continue wit
Slide 17: TCI Supply Chain Division
TCI Supply Chain Division Key Operational Highlights 12 Mn. Sqft. • Revenue grew by 11.4% with better growth Warehousing Area Managed in non-auto segment. • EBIT margins stood at 7.0% and grew by 17.3% with better operations management. 4,000 (1350) • ROCE has been up at 24.0% with better Fleet
Slide 18: TCI Seaways Division
TCI Seaways Division Key Operational Highlights • Revenue grew by 39.0% Y-t-Y basis amid 6 volume impact from Kerala flood crises during Cargo Ships the year. • Rapid increase in fuel price , lower volumes 5,600 and deployment of new ship in Q2 lead to some impact on margins Own Containers • Stron
Slide 19: TCI’s Joint Ventures
TCI’s Joint Ventures FY19 (FY18 Annual) Figures in Mn Revenue 1894 (1687) 5301(4690) Y-o-Y Growth 12% (23%) 13% (15%) Capital Employed 236 (253) 2096 (1796) Operates on asset-light Focused on auto logistics model Key Operational Building upon its capabilities Highlights in Chemical Logistics a
Slide 20: Division-wise Stand-alone Financial Performance
Division-wise Stand-alone Financial Performance Figures in Mn. Total Total # Corp.& Others (2018-19) (2017-18) Revenue 12072.6 10149.5 3325.8 283.1 25851.4 22022.7 % Growth 17.5% 11.4% 39.0% NA 17.0% 20.9% EBIDTA 465.5 1060.0 1036.7 148.3 2710.5 2337.3 % of 3.8% 10.4% 31.2% NA 10.5% 10.6% Revenue EB
Slide 21: Financial Performance
Financial Performance Debt – Equity Ratio 3.0 Debt Service Coverage Ratio 2.85 2.60 0.8 0.68 2.34 0.63 2.5 2.13 0.54 0.58 0.54 1.90 0.6 2.0 0.4 1.5 1.0 0.2 0.5 0 0.0 Return on Capital Employed (ROCE) Earnings per Share (in Rs) 15000 12826 19.0% 20.0 16.65 11409 12000 10147 17.0% 13.55 15.0 8053 8666
Slide 22: Market Summary
Market Summary Market Cap Rs Mn. 24896.0 Shareholding Pattern as on 31st Debt Rs Mn. 4461.6 2% 8% 2% March 2019 Enterprise Value Rs Mn. 29276.8 5% PROMOTORS P/E Nos 19.5 INDIAN PUBLIC FOREIGN HOLDINGS EV/EBITDA Nos 10.8 67% BODY CORPORATE 52 Week High Rs/share 346.8 MUTUAL FUND 52 Week Low Rs/share
Slide 23: Financial Results
Financial Results Figures in Mn. Income Statement Balance Sheet Particulars (Rs in Cr.) 2017-18 2018-19 Particulars (Rs in Cr.) 2017-18 2018-19 1. Non current Assets Freight 19792.3 23298.7 Property, plant and equipment 6230.1 7050.2 Other Sales & Services 2012.8 2284.3 Capital work-in-progress 563.
Slide 24: Capital Expenditure Plan FY19
Capital Expenditure Plan FY19 Total Actual 2017-18 2018-19 2019-20 (FY 2006-07 to Actual Actual Proposed Figures in Mn. 2016-17) Hub Centers & Small 3573.0 316.2 463.2 730.0 warehouses Ships 2060.4 441.5 199.1 782.0 Containers 148.8 145.6 381.7 506.0 Trucks & other vehicles 3318.3 378.3 417.1 675.0
Slide 25: THANK YOU
THANK YOU Cautionary Statement Statements in this “Presentation” describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those express
Transport Corporation of India — FY2019 Earnings Presentation on 6ix