Slide 1: Exchange intimation letter under Regulation 30
Date: January 31, 2023 Listing Department, Listing Department, The National Stock Exchange of India Ltd., BSE Ltd., “Exchange Plaza”, Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street Mumbai – 400051 Mumbai-400001 Scrip Symbol: TCIEXP Scrip Code: 540212 Sub: Intimation unde
Slide 2: Stable. Scalable. Sustainable. Q3 FY2023 Earnings Presentation
STABLE. SCALABLE. SUSTAINABLE. Q3 FY2023 Earnings Presentation
Slide 3: Q3 FY2023 Highlights
Q3 FY2023 Highlights Delivered the highest quarterly Revenue of Rs. 315.7 Cr, up by 9.3% Y-o-Y Board recommended second Interim Dividend of Rs. 3 per share Total Dividend of Rs. 6 per share and Pay out of 22.9 % for 9M FY2023 Key Highlights Rs. 315.7Cr Rs. 47.4 Cr ▪ The company posted a strong topli
Slide 4: Management Perspective
Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: “TCI Express recorded another quarter of strong performance with highest quarterly Revenue of Rs. 315.7 crores, a growth of 9.3% on year on year and 1.5% on sequential basis. The growth was primarily
Slide 5: Fastest Express Delivery Company in India
Fastest Express Delivery Company in India TCI Express has successfully completed 6 years post Year of Listing 2016 the demerger and has become industry leading and fastest delivery company in India Locations Serviced 50,000 Specialized in offering time definite solutions with focus on Tier II and II
Slide 6: Why TCI Express?
Why TCI Express? Ranked 418 in Top 500 Companies based on Market Cap, as on March 31, 2022 Asset Light High Value Cargo Low Working Lowest Cost Business Model (Low volume, high Capital Structure margins) Requirement API based back- Containerized Superior No Franchise: Customer All owned end technolo
Slide 7: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Company Surface Branches Express 925+ Pharma Cold 500+ Chain Rail Express Express Express Services Domestic and E Commerce International Air Express C2C Express 6 www.tciexpress.in
Slide 8: Financial Performance
Financial Performance Q3 Y-o-Y Q2 Q-o-Q 9M Y-o-Y Particulars (in Cr) FY2023 FY2022 Growth (%) FY2023 Growth (%) FY2023 FY2022 Growth (%) Income from Operations 314.4 286.9 9.6% 309.9 1.5% 914.8 783.3 16.8% Other Income 1.3 2.1 2.3 5.5 6.1 Total Income 315.7 289.0 9.3% 312.2 1.1% 920.3 789.4 16.6% EB
Slide 9: Q3 FY2023 Performance Discussion
Q3 FY2023 Performance Discussion • Total Income for the quarter stood at Rs. 315.7 Crores, registering an increase of 9.3% y-o-y. This growth was driven by strong recovery in economic activities and growing demand from both Corporate and MSME customers • Margins during quarter partially impacted by:
Slide 10: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle Credit rating of A1+ Short Term (ICRA) and AA Long Term (CRISIL) Maintaining Stable Working Capital Management Particulars (in Cr) Mar-22 Sep-22 Dec-22 Payables Days Long Term Debt 0.1 0.0 0.0 Short Term Debt 0.8 0.5 18.6 42 Total Debt 0.9 0.5 18.7 36 35 36
Slide 11: Quarter Performance Trends
Quarter Performance Trends Consistent improvement in financial performance by maintaining strong margin profile Total Income EBITDA and Margins 300.3 312.2 315.7 52.3 53.7 289.0 292.4 49.3 47.4 44.7 17.0% 17.4% 15.3% 17.2% 15.0% Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23
Slide 12: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows Consistent cash flow generation over the years with focused on investing in the future and driving shareholder returns 118.9 127.6 95.4 77.5 81.1 73.9 63.5 53.2 49.2 47.5 11.2 (3.1) FY2018 FY2019 FY2020 FY2021 FY2022 9M FY23 Cash Flow from Operations Free
Slide 13: Balance Sheet
Balance Sheet Particulars (Rs Crores) 9M FY2023 FY2022 Particulars (Rs Crores) 9M FY2023 FY2022 Assets Equity and Liabilities Non-Current Assets EQUITY Property, Plant and Equipment 313.34 314.74 Equity Share Capital 7.67 7.70 Right of Use Assets 27.83 2.02 Other Equity 573.90 528.49 Total Equity 58
Slide 14: Strategy and Outlook
Strategy and Outlook TCI Express Offering Capital Expenditure ❑ Launch and expand Rail service offerings ❑ Planned CapEx of Rs. 500 crores in 5 years (FY23-FY28) ❑ Added new services such as Pharma Cold Chain and C2C express ❑ Investment in sorting centres ❑ Continuous focus on volume growth through
Slide 15: Strategic Priorities by 2025
Strategic Priorities by 2025 Maintain high New services is expected to return ratios and contribute 25% to top-line: consistent • Rail Express dividend pay-out • C2C Express • Pharma Cold Chain Express • Air Express Create Wealth for Full focus on all Stakeholders technological advancement and autom
Slide 16: Largest B2B Sorting Center
Largest B2B Sorting Center Company has made significant progress in each of its strategic focus areas, has successfully commissioned India's first and largest automated B2B sorting center in Gurgaon in March 2022 reducing parcel handling time and vehicle halting time Gurgaon Sorting Centre Location:
Slide 17: Expanding Service Offering: Rail Express
Expanding Service Offering: Rail Express Rail Express service is a unique service offering aimed at providing high value service at a lower cost Expanded customer base from 250 to 1750 and presence from 10 routes to 125 routes since inception ✓ TCI Express to buy space on the trains to ensure higher
Slide 18: Expanding Service Offering: Pharma Cold Chain Express
Expanding Service Offering: Pharma Cold Chain Express TCI Express successfully launched Pharma Cold Chain Express Service, an asset light model and use existing hub and spoke network to meet the growing demand for Cold Chain logistics TCI Express Pharma Cold Chain Transportation Standard Operating P
Slide 19: Expanding Service Offering: C2C Express
Expanding Service Offering: C2C Express TCI Express launched India’s first customer to customer C2C Express service, implementing asset light model Transportation Mode – Fast Trucking Transportation Mode – Milk Run Minimizes connections and travel time Pick up from multiple locations and delivery at
Slide 20: Last 5 Year Key Takeaways
Last 5 Year Key Takeaways ✓ Fastest B2B Express Delivery Company in India Inherent ✓ Asset light model allows Company to maintain higher utilization and drive strong cash flows Business Strength ✓ No franchise model. All branches are company owned which ensures adoption of best standard operating pr
Slide 21: 9M FY2023 Highlights
9M FY2023 Highlights Continues to maintain sustainable growth and margins driven by assets light business model Successfully completed the buyback of 182,500 share amounting ~Rs. 41 Crores Total Income Rs. 920.3 crore 16.6% 31.6% Y-o-Y 9M FY2022: Rs. 789.4 crore 9M FY2023 ROCE EBITDA | Margins% 24.1
Slide 22: Annual Performance Trend
Annual Performance Trend Strong track record of consistently delivering enhanced margins and profitability Total Income from Operations EBITDA Margins CAGR +5.3% CAGR +18.5% 182.9 1,027 1,036 1,090 145.8 887 920 142.0 130.6 852 789 122.2 125.7 92.7 10.5% 11.9% 12.1% 16.7% 16.8% 16.5% 15.8% FY2018 FY
Slide 23: Key Ratios
Key Ratios Delivering consistent growth and profitability for our shareholder returns Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 8.0 6.0 6.0 44.3% 39.9% 38.3% 4.0 4.0 34.3% 35.5% 34.1% 31.6% 3.0 2.5 24.8% 17.2% 15.3% 23.9% 22.9% 16.4% 15.8% FY2018 FY2019 FY2020 FY2021 FY2022
Slide 24: TCI Express – Leading Margins and Profitability in the Industry
TCI Express – Leading Margins and Profitability in the Industry EBITDA Margins % EBIT Margins % 16.9% 16.6% 15.9% 13.2% 12.7% 10.5% 7.8% 6.4% 5.4% 3.3% 2.1% 1.0% TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 PAT Margins % Key Highlights: 11.8% ▪ TCI Ex
Slide 25: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 60% 15% India GDP $3.2 Tn Road $17,734 Bn Total Logistics Spend $448 Bn 31% Rail 14% Road Transportation $210 Bn Indian Logistics Market $3,173 Bn Un-Organised Segment 95% Split 9% Water 8% TCI Express Carries $16 Bn 0.1% $24,994 Bn TCI Express Mar
Slide 26: Indian Logistics Industry
Indian Logistics Industry Greater Push on Manufacturing and Infrastructure Sector Logistics Policy Support from the Government Make In India initiative provides focused expenditures to encourage local product manufacturing and infrastructure development Benefits - Demand for freight mobility and sup
Slide 27: Management Team
Management Team Mr. D P Agarwal, Chairman & Director Mr. D P Agarwal is the Chairman and Director of TCI. Mr. Agarwal has been associated with the transport industry for more than 53 years. He has been contributing in developing the unorganized logistics sector into an organized one. Mr. Agarwal is
Slide 28: Management Team
Management Team Mr. Mukti Lal, Chief Financial Officer Mr. Mukti Lal is the Chief Financial Officer at TCIEXPRESS. He is a qualified Chartered Accountant and has been associated with Transport Corporation of India Limited (the Demerged Company) in various capacities for last 19 years. He was working
Slide 29: Sustainability a Core Pillar of Strategy
Sustainability a Core Pillar of Strategy Committed to manage environmental and social footprint in our operations and build long term sustainable business Environment Social • TCI Foundation, the social arm of TCI Express, is • Focused on implementing robust environmental practices across operations
Slide 30: ESG Profile – Consolidating all ESG Disclosures
ESG Profile – Consolidating all ESG Disclosures 1 5 4 3 2 6 Consolidates all ESG disclosures on a single ESG disclosures mapped with International ESG 1 platform, enabling stakeholders to conveniently 4 Reporting Frameworks conduct their due diligence 2 Highlights – Captures qualitative ESG content
Slide 31: Awards & Recognition
Awards & Recognition Corporate Governance Corporate Governance Award AWARDS SORTING CENTER Complementing India’s Sustainability Movement TCI Express Ltd. GIGA Sorting Centre in Tajnagar has received the GEM 5 Certification ASSOCHAM GEM Sustainable Warehouse and Logistics Hub Certification evaluates
Slide 32: Awards & Recognition
Awards & Recognition Awards Conferred with the Supply Chain and Logistics Excellence (SCALE) awards for the best “Express Courier” 2022 by the prestigious Confederation of Indian Industry (CII) 31 www.tciexpress.in
Slide 33: Capital Market Information
Capital Market Information Share Price Information, as on 30th December 2022 CAGR Return: TCI Express +31.3% S&P BSE Sensex +14.8% CAGR Return: TCI Express +XX% S&P BSE Sensex +XX% Key Facts 30th December 2022 BSE / NSE Ticker 540212/ TCIEXP CMP (Rs.) 1,793 Shares O/S (Cr) 3.84 Market Cap (Rs. Cr) 6
Slide 34: Contact Information
Contact Information This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to TCI Express’ future business developments and economic performance.
Slide 35: TCI Express Limited
TCI EXPRESS LIMITED TCI house, 69 Institutional area, Sector - 32, Gurgaon 122001, Haryana, India P: +91 124 2384090-94 • E: info@tciexpress.in W: www.tciexpress.in • Toll free: 1800 2000 977 34 www.tciexpress.in