Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q4 FY2021 Earnings Presentation
30 slides from Tci Express's earnings presentation, 2021
Slide 1: Q4 FY2021 Earnings Presentation
Q4 FY2021 Earnings Presentation
Slide 2: Q4 FY2021 Highlights
Q4 FY2021 Highlights Delivered highest ever quarterly EBITDA of Rs. 57 crores, twice as compared to same quarter last year, with EBITDA margins of 20.3% Key Highlights: ▪ Company closed the year, with highest ever quarterly Rs. 283 Cr Rs. 57 Cr EBITDA of Rs. 57 crores and margins of 20.3% 18.3% y-o-
Slide 3: FY2021 Highlights
FY2021 Highlights Strong finish to a challenging year, delivered EBITDA of Rs. 142 Crores and Net Profit of Rs. 101 Crores with improved margins Announced quarterly dividend of Rs. 2 per share, taking full year dividend to Rs. 4 per share, payout of 200% on face value for the full year Total Income
Slide 4: Management Perspective
Management Perspective Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “Q4 FY2021 was the one of the best quarter as the Company delivered growth in revenues coupled with significant improvement in margins and profitability. I am particularly pleased to close an otherwise ch
Slide 5: Fastest Express Delivery Company in India
Fastest Express Delivery Company in India Year of Commencement 1997 TCI XPS was established in 1996 as one of the foremost divisions of Transport Corporation of India Locations Serviced 40,000 Specialized in offering time definite solutions with focus on Tier II and III cities Countries Serviced 202
Slide 6: Why TCI Express?
Why TCI Express? Ranked 448 in Top 500 Companies based on Market Cap, as on March 31, 2021 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 Surface Company Express Branches 800+ Cold Chain Domestic Air Express Express 500+ Express Services International E Commerce Air Express C2C Express 7 www.tciexpress.in
Slide 8: Financial Performance
Financial Performance Q4 Y-o-Y Q3 Q-o-Q Year Ended Y-o-Y Particulars (in Cr) FY2021 FY2020 Growth (%) FY2021 Growth (%) FY2021 FY2020 Growth (%) Income from Operations 279.8 237.9 17.6% 262.5 6.6% 844.0 1,032.0 (18.2)% Other Income 3.1 1.2 1.7 7.6 4.4 Total Income 282.9 239.1 18.3% 264.2 7.1% 851.6
Slide 9: Q4 FY2021 Performance Discussion
Q4 FY2021 Performance Discussion • Total Income increased to Rs. 283 Crores, registering a growth of 18.3% and 7.1% on y-o-y and q-o-q basis respectively. Pick up in production and demand as economy moves forward towards normalization • Improved EBITDA margins, were achieved due to: o Higher capacit
Slide 10: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows Track record of consistent generation of cash flows with a focus on enhancing free cash flows 118.9 77.5 81.1 73.9 63.5 52.3 53.2 49.2 14.4 11.2 FY2017 FY2018 FY2019 FY2020 FY2021 Cash Flow from Operations Free Cash Flows • Cash flow from operations incre
Slide 11: Quarter Performance Trends
Quarter Performance Trends Delivered consistent quarter on quarter growth in profitability despite impact of the pandemic during the year Total Income EBITDA and Margins 282.9 264.2 239.1 57.4 214.4 47.0 34.0 20.3% 27.9 17.8% 90.2 15.9% 11.6% 3.9% 3.5 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20
Slide 12: Annual Performance Trends
Annual Performance Trends 5 Year track record of consistently delivering enhanced margins and profitability Total Income from Operations EBITDA and Margins CAGR – 3.0% CAGR – 22.4% 1,027.0 1,036.3 142.0 887.2 851.6 122.2 125.7 751.6 92.7 16.7% 63.3 11.9% 12.1% 10.5% 8.4% FY2017 FY2018 FY2019 FY2020
Slide 13: Key Ratios
Key Ratios 5 Year track record of consistently generating high returns and creating wealth for all stakeholders Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 4.0 4.0 30.0% 42.8% 25.0% 3.0 38.2% 38.0% 16.3% 2.5 20.0% 34.1% 31.5% 15.0% 1.6 16.4% 17.2% 15.8% 15.3% 10.0% 5.0% 0.0%
Slide 14: 5 Year Key Takeaways
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 procedu
Slide 15: Strategy and Outlook
Strategy and Outlook Revenue Growth Impacted due to overall economic slowdown however it is minimized with: ❑ Highly diversified client base and well spread across industry verticals ❑ Continuous expansion in Metro and Tier I Cities through new branch offices Capital Expenditure Planned CapEx of Rs.
Slide 16: Capex Plan
Capex Plan Capex incurred during the year was primarily toward setting up owned Sorting Centre at Gurgaon and Pune ~50 crores to be spent towards automation Gurgaon Sorting Centre Pune Sorting Centre Location: Pune Location: Gurgaon Area: 1.5 lakh sq.ft Area: 2 lakh sq.ft Solar Panel: 600 KW Solar P
Slide 17: Expanding Service Offering: Cold Chain Express
Expanding Service Offering: Cold Chain Express TCI Express successfully launched 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 Cold Chain Transportation Standard Operating Procedures followed by
Slide 18: 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 19: Strategic Priorities for Next 5 Years
Strategic Priorities for Next 5 Years Maintain high New value-added services is return ratios and expected to contribute 25% to consistent top-line: dividend pay-out • Cold Chain Express • C2C Express • Air Express Create Wealth for Full focus on all Stakeholders technological advancement and automa
Slide 20: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 60% 14% India GDP $2.9 TN Road $2,726 Bn Total Logistics Spend $360 Bn 31% Rail Road Transportation $210 Bn Indian 15% Logistics Market $13,608 Bn Un-Organised Segment 95% Split 9% Water 8% TCI Express Carries $10 Bn $20,494 Bn 0.1% TCI Express Mar
Slide 21: Indian Logistics Industry
Indian Logistics Industry Recent Logistics Sector Transformation Initiatives Infrastructure Development Formalization of Sector Operational Efficiency • Increased allocation by government • Goods and Service Tax – pre filled • Automation of Sorting Centres on Infrastructure development in numbers Un
Slide 22: 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 51 years. He has been contributing in developing the unorganized logistics sector into an organized one. Mr. Agarwal is
Slide 23: 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 17 years. He was working
Slide 24: Visit our ESG Profile on
Visit our ESG Profile on “At TCI Express Limited, we are committed to manage environmental and social footprint in our operations. We believe that making the environment an integral part of our business operations will create a positive impact on our business considering our widespread operations” T
Slide 25: Visit our ESG Profile on
Visit our ESG Profile on Environment Highlights Social Highlights “At TCI Express, we are focused on enhancing operational efficiencies “At TCI Express, we believe that to ensure skill development and to be able through automation and digitization. We continue to make investments in to face major ch
Slide 26: Visit our ESG Profile on
Visit our ESG Profile on Governance Highlights Key ESG Facts “The Company has formulated all policies applicable to it such as code of conduct, insider trading, Business Responsibility etc.” Corporate International Air Transport Association (IATA) Governance Policies FY 2021 Donations: Rs. 20 lakhs
Slide 27: Awards and Recognitions
Awards and Recognitions Logistics Excellence Tech innovator of The Year Best Express Logistics Services Provider of the Year TCI Express is now certified as Great Place to Work 13th Express , Logistics & Supply chain Leadership Awards At India Logistics Summit & Awards 2019 Bharariya Manvata Vikash
Slide 28: Corporate Governance
CORPORATE GOVERNANCE Corporate Governance LISTED ENTITY ISO CERTIFIED RATED BY Ranked 448 in Top 500 Companies based on Market Cap, as on March 31, 2021 IATA CERTIFICATE Business Superbrand The Economic Times of 2021 Iconic Brands Of India 28 www.tciexpress.in
Slide 29: 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 30: 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 30 www.tciexpress.in