Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — H1 FY24 Earnings Presentation
26 slides from Transport Corporation Of India's earnings presentation, Oct 31, 2023
Slide 1: Regulation 30 intimation cover letter to exchanges
31st October, 2023 The National Stock Exchange of India Ltd., BSE Ltd. The Listing Department, The Department of Corporate Services, “Exchange Plaza”, Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Scrip Symbol: TCI Scrip Code: 532349 D
Slide 2: Earnings Presentation H1 FY24
Earnings Presentation H1 FY24 31st Oct 2023 © 2023 TCI
Slide 3: TCI Consolidated Overview
TCI Consolidated Overview TCI 6+ $500+ 1800+ In Millions Decades of Train Supply Seaways Experience Revenue movement Freight Div. Chain Div. Div. 160 Refer Vehicles+ 650+ 13K+ 8K+ TCI Cold TCI CONCOR Cold Pallets Chain ISO Containers positions GP Containers TCI Transystem 3.5K+ 1K+ 10K Bangladesh Lo
Slide 4: Logistics industry Growth drivers
Logistics industry Growth drivers Consumer Driven Customer Driven Industry Driven Regulatory & Government Initiatives • Growth of omni • Focus on core area • Large market Size • Infrastructure push channel retail of business leading PM Gati Shakti, prompting supply to increased • Shift in global Bha
Slide 5: Company Strategy: Everything Logistics
Company Strategy : Everything Logistics Presence Across All Industry Sectors Technology & Key Wide Range Of Automation Driven USPs Services Operations Strong Multimodal Capabilities & Network Everything Logistics | 4
Slide 6: Range of services for customized solutions
Range of services for customized solutions Verticals Served/ Products LTL/FTL Warehousing • Automobiles • E-Commerce Port Logistics • Retail and CP • Chemicals Freight Forwarding • Hi-tech (ICE) • Industrial & Coastal Shipping • Healthcare/ Products / Services Engineering Domestic Rail: Container &
Slide 7: Strong Multimodal Capabilities & Network
Strong Multimodal Capabilities &Network Serving multiple sectors: Agri, Metals, Chemical, Automotive etc incl. cross border 6 Own Ship 3 Own Auto Rail Rakes 8000+ 60 Yards Managed Own GP containers 650+ ISO TTR 55 Terminal managed TEUs handled: Full Rail rake movements: 50000 (H1 2022-23) 900 (H1 20
Slide 8: Presence across all industry sectors
Presence across all industry sectors capturing most of economic activities • Increasing Government spend on infrastructure Engineering and Industrial • Growth in size of GDP • PLI, 100% FDI in select sectors • Increasing Investment in Core sector Metals and Construction Material • Infrastructure dev
Slide 9: 360° Technology Adoption
360⁰ Technology Adoption Relationship Wheel Core Business Operations Wheel Employee Digital Transportation & Logistics Relationship Governance Supply Chain Rail Logistics & Human Customer Logistics Warehousing Enterprise Route Resource & & Supplier Resource Optimization Performance Management Planni
Slide 10: Consolidated Revenue in Mn
Key Highlights Growth momentum maintained amidst delayed festive calendar and mixed sectorial trends. Company’s well-diversified service offerings, multi sectorial presence and adherence to core business fundamentals have contributed to consistency Our net borrowing remained at zero with addit
Slide 11: TCI Freight Division: Industry nature and trends
TCI Freight Division: Industry nature and trends Industry Growth Drivers • USD 180 B Freight Transport Market, • Need for FTL & LTL from a single provider highly fragmented and unorganized • Anywhere to anywhere model • LTL Freight Transport Market, relatively organized with 15% share • Control Towe
Slide 12: TCI Freight Division: Core competencies and capabilities
TCI Freight Division: Core competencies and capabilities Full Truck Load (FTL) Integrated Surface Transport Solution Less than Truck Hub & Spoke Model Load (LTL) Our We have a robust set-up of 25 strategically located hubs Services across India that enables TCI Freight to widen its Over-dimensional
Slide 13: TCI Freight Division: Key Operational Highlights
TCI Freight Division: Key Operational Highlights Figures in Mn • Flattish growth amid late arrival of festival season. improvement Particulars Q2 FY23 Q2 FY22 Gr% H1 FY24 H1 FY23 Gr% in LTL segment. Opened 15 new branches to further enhance the network. Revenue 3990 3944 1.2% 7946 7709 3% • Margins
Slide 14: TCI Supply Chain Division: Industry nature and trends
TCI Supply Chain Division: Industry nature and trends Industry Growth Drivers • Higher demand for integrated and • Market Size USD 12 Bn customized solutions • Supply chain network optimization • Relatively less fragmented with especially in warehousing higher organized market • Growth of Omni chann
Slide 15: TCI Supply Chain Division: Core competencies and capabilities
TCI Supply Chain Division: Core competencies T C I W arehouse and capabilities Our Services 5,000+ • Full-stack integrated offering from Vehicles under Operation Owned:1000 Conceptualization, Design, to execution 55 • High warehouse space utilization by Yards Managed expanding vertically 750 Mn • VA
Slide 16: TCI Supply Chain Division: Key Operational Highlights
TCI Supply Chain Division: Key Operational Highlights Figures in Mn Particulars Q2 FY24 Q2 FY23 Gr% H1 FY24 H1 FY23 Gr% • Growth momentum continued amidst retention and Revenue 3721 3421 8.8% 7181 6274 14% expansion of business with existing clients and new business acquisitions. EBDITA 355 322 10.3
Slide 17: TCI Seaways: Industry nature and trends
TCI Seaways: Industry nature and trends Industry Growth Drivers Waterways : Jal Marg Vikas Project 6% of transportation modal mix Rs. 5K+ crore Coastal Air 1% Inland Coastal Shipping to 6% 0.3% Increase from 86MMT Rail to 215MMT by 2025 33% Road 60% The Sagar mala Project • US$120 billion • GOI push
Slide 18: TCI Seaways Division: Core competencies and capabilities
TCI Seaways Division: Core competencies and capabilities Our Services • One of the leading multimodal coastal players Own Multipurpose Marine having presence along the Western, Eastern & Containers Southern ports of India • Expertise in coastal shipping services, container Domestic Coastal Ships & b
Slide 19: TCI Seaways Division: Key Operational Highlights
TCI Seaways Division: Key Operational Highlights Figures in Mn • Regained growth momentum amidst all ships under Particulars Q2 FY24 Q2 FY23 Gr% H1 FY24 H1 FY23 Gr% operations. • Freight rates remained weaker because of lower fuel price. Revenue 1274 1158 10.1% 2447 2610 -6% • Signed for 2 ship buil
Slide 20: TCI's Joint Ventures
TCI’s Joint Ventures Figures in Mn. H1 FY24 (FY23) Revenue 1563 (3047) 341 (601) 4846 (6920) Y-o-Y Growth 3.5% (1.2%) 7.9% (2.4%) 49.4% (48.2%) PAT 26 (55) 20 (28) 701 (822) Capital Employed 399 (314) 724 (360) 3339 (3110) Strategic Partner’s Share 49% 20% 51% Operates on asset- Cold chain services
Slide 21: Financial Highlights
Financial Highlights STANDALONE Figures in Mn. CONSOLIDATED 35000 30000 28000 25000 7.0% 6.2% Revenue 21000 20000 7.0% 19631 6.2% 17995 18477 15000 16816 14000 10000 7000 9395 10048 9120 5000 8585 0 0 Q2 FY23 Q2 FY24 H1 FY23 H1 FY24 Q2 FY23 Q2 FY24 H1 FY23 H1 FY24 3000 3.9% 3500 8.6% EBDITA 2200 280
Slide 22: Consistent performance: Key financial Indicators
Consistent performance: Key financial Indicators Figures in Mn EV/EBIDTA 18,000 Return on Capital Employed 30% 14.0 12.7 23.8% 23.9% 23.1% 15,000 25% 12.0 11.0 10.2 12,000 20% 10.0 14.0% 14.7% 8.0 9,000 15% 8.0 6.0 6,000 10% 6.0 4.0 3,000 5% 13231 12690 12631 13459 14677 2.0 - 0% FY20 FY21 FY22 FY23
Slide 23: Market Summary
Market Summary Particulars UOM 30th Sept 23 Shareholding Pattern as on 30th Sept 2023 3% Market Cap Rs Mn. 60926 1% 3% 12% Debt Incl. Leases Rs Mn. 1176 Cash equivalents Rs Mn (2807) 13% Enterprise Value Rs Mn. 59296 P/E Nos 20.3 69% EV/EBITDA Nos 12.7 52 Week High Rs/share 868 52 Week Low Rs/share
Slide 24: Corporate Governance: Social Responsibility
Corporate Governance: Social Responsibility Environmental Social Governance E पर्यावरण S सयमयजिक G शयसन • Push towards green logistics via • Road safety and health initiatives across 9 states impacted more • Strong and diverse Board Rail & Coastal – Approx. 30% of • Started BRSR in FY22 voluntarily
Slide 25: Outlook
Outlook • Demand momentum to continue but with a moderation • Headwinds of geopolitical developments and global recession on domestic manufacturing and distressed rural demand and delay in private investments etc. • Revenue and Profit growth of 10%-15% • With more visibility to the businesses, Capex
Slide 26: Thank You!
Thank You! Transport Corporation of India Limited TCI House, 69 Institutional Area Sector 32, Gurugram - 122001 Tel.: +91 - 124 - 2381603-07 | Fax: +91 - 124 - 2381611 E-mail Id: finance.mis@tcil.com | Website: www.tcil.com CIN: L70109TG1995PLC019116 Online Presence
Transport Corporation of India — H1 FY24 Earnings Presentation on 6ix