Slide 1: Intimation to stock exchanges under Regulation 30
To, Dated: October 30, 2024 Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street-Mumbai-400001 Bandra Kurla Complex, Bandra (E) Mumbai-400051 Scrip Code: 540212 Scrip Symbol: TCIEXP Sub: Intimatio
Slide 2: Q2 & H1 FY25 Earnings Presentation
1 Q2 & H1 FY25 Earnings Presentation 1 www.tciexpress.in
Slide 3: Fastest Express Delivery Company in India
TCI Express | Fastest Express Delivery Company in India o The only express cargo company in o ERP enabled operations, automated India with own set up across nation. o Completed 8 years post demerging, processes, barcoding on packaging, Offers services on Sunday, Holiday positioning itself as a leadi
Slide 4: Why TCI Express?
TCI Express | Why TCI Express? Asset Light Business Model: No Franchise, All owned Branches: Operating with an asset-light model, optimizing efficiency All branches owned and operated directly, ensuring and flexibility without heavy investments in physical assets consistent quality and control acros
Slide 5: Geographical Footprint
TCI Express | Geographical Footprint Navigating complex Industry Landscapes With Agility and Innovation Company Branches Express Services 970+ 500 Domestic and International Surface Express C2C Express Air Express Pharma Cold Chain Rail Express E Commerce Express Express www.tciexpress.in 4
Slide 6: Sorting Centers
TCI Express | Sorting Centers GIGA Sorting Centre, Gurugram Chakan Sorting Centre, Pune Location: Gurugram Location: Pune Area: 2 lakh sq.ft Area: 1.40 lakh sq.ft Solar Panel: 600 KW Solar Panel: 280 KW GIGA Sorting Centre, Gurugram Chakan Sorting Centre, Pune Operational: India's first and largest
Slide 7: Expanding Service Offering: Rail Express
TCI Express | Expanding Service Offering: Rail Express Expanding Horizons with Rail: Faster, Greener, and Cost-Effective Freight Solutions ❑ Asset Light Business Model 5000+ 150 ✓ Planning to secure dedicated train space to optimize capacity utilization Customer Base Route Presence ✓ Independent tea
Slide 8: Expanding Service Offering: C2C Express
TCI Express | Expanding Service Offering: C2C Express TCI Express offers India’s first C2C Express service, utilizing an asset-light business model Transportation Mode – Milk Run Full truckload services Advanced API solutions for nationwide with expedited seamless integration with Comprehensive tran
Slide 9: Expanding Service Offering: Pharma Cold Chain Express
TCI Express | Expanding Service Offering: Pharma Cold Chain Express TCI Express has effectively implemented the Pharma Cold Chain Express Service, utilizing an asset-light approach Standard Operating Procedures followed by TCI Express TCI Express Pharma Cold Chain Transportation Temperature monitori
Slide 10: Expanding Service Offering: Money Back Guarantee
TCI Express | Expanding Service Offering: Money Back Guarantee TCI Express has Introduced an Industry-leading Money Back Guarantee Initiative Guarantees all deliveries will arrive within the agreed-upon time Provides a full reimbursement of the basic freight charges if deliveries are delayed beyond
Slide 11: Q2 FY2025 Highlights
TCI Express | Q2 FY2025 Highlights Total Income EBITDA Profit After Tax Dividend per Share Rs. 313.9 Cr Rs. 40.5 Cr Rs. 26.3 Cr Rs. 3.0 12.9% Margin 8.4% Margin Key Highlights ▪ The company faced cost pressures, particularly in the Air Express division due to airline consolidation and increased pric
Slide 12: Management Perspective
TCI Express | Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: “TCIEXPRESS, showing modest improvement in revenues and maintained its margins sequentially in Q2 FY2025, reflecting the company's efficient operational strategies, innovative service of
Slide 13: Q2 FY2025 Performance Discussion
TCI Express | Q2 FY2025 Performance Discussion • Total Income for the quarter stood at Rs. 313.9 Crores, registering an increase of 6.3%, if compared with Q1 FY25 and a decrease of 2.4% Y-o-Y • Sustaining margins: o EBITDA and PAT margins demonstrated an upward trend, having increased since the prev
Slide 14: Q2 FY2025 Performance Discussion
TCI Express | Q2 FY2025 Performance Discussion • Persistent inflation led to higher transportation costs and compressing margins. Heavy monsoon conditions resulted in water logging, causing longer delivery lead times and operational setbacks • Lower demand especially in production-dependent sectors
Slide 15: Quarter Performance Trends
TCI Express | Quarter Performance Trends Resilient financial performance and profitability by maintaining industry leading margin profile Total Income EBITDA and Margins 321.8 52.2 313.9 40.5 16.1% 35.8 12.0% 12.9% 295.3 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 PBT and Margins PAT and Margins
Slide 16: Q2 and H1 FY25 Financial Performance
TCI Express | Q2 and H1 FY25 Financial Performance Q2 Y-o-Y Q1 Q-o-Q H1 Y-o-Y Particulars (in Cr) FY2025 FY2024 Growth (%) FY2025 Growth (%) FY2025 FY2024 Growth (%) Income from Operations 311.5 320.0 (2.7)% 293.0 6.3% 604.5 624.9 (3.3)% Other Income 2.5 1.8 2.3 4.7 3.3 Total Income 313.9 321.8 (2.4
Slide 17: H1 FY2025 Highlights
TCI Express | H1 FY2025 Highlights Maintained stable Gross margins and showcasing our resilience through consistent capacity utilization and operational efficiencies Total Income EBITDA Profit After Tax Cash Flow from Operations Rs. 609.2 Cr Rs. 76.4 Cr Rs. 49.4 Cr Rs. 22.0 Cr 12.5% Margin 8.1% Marg
Slide 18: Half Year Performance Trend
TCI Express | Half Year Performance Trend Strong track record of consistently delivering an industry-leading margin profile Total Income from Operations EBITDA Margins 98.5 100.1 624.9 81.3 76.4 600.3 604.5 496.4 16.3% 16.3% 15.9% 12.5% H1 FY22 H1 FY23 H1 FY24 H1 FY25 H1 FY22 H1 FY23 H1 FY24 H1 FY25
Slide 19: Key Ratios
TCI Express | Key Ratios Delivering consistent growth and profitability for our shareholder Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 44.1% 8.0 8.0 8.0 23.3% 39.4% 39.0% 24.0% 17.0% 22.0% 19.2% 17.0% 3.0 3.0 12.4% FY22 FY23 FY24 H1 FY24 H1 FY25 FY22 FY23 FY24 H1 FY24 H1 FY2
Slide 20: Cash Flow from Operations vs Free Cash Flows
TCI Express | Cash Flow from Operations vs Free Cash Flows Unmatched combination of scale, expertise and technology resulting sustainable cash flow from operations 147.0 136.0 128.0 89.7 48.0 22.0 22.0 11.4 FY22 FY23 FY24 H1 FY25 Cash Flow from Operations Free Cash Flows • Cash flow from operations
Slide 21: Leverage Profile and Working Capital Cycle
TCI Express | Leverage Profile and Working Capital Cycle Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL) Stable Working Capital Management Particulars (in Cr) Sept-23 Mar-24 Sept-24 Long Term Debt 0.0 0.0 0.0 Payables Days Short Term Debt 0.13 2.73 0.93 35 33 31 Total Debt 0.13 2.7
Slide 22: Balance Sheet
TCI Express | Balance Sheet Particulars (Rs Crores) H1 FY2024 H1 FY2025 Particulars (Rs Crores) H1 FY2024 H1 FY2025 Assets Equity and Liabilities Non-Current Assets EQUITY Property, Plant and Equipment 342.77 412.59 Equity Share Capital 7.67 7.68 Other Equity 652.26 741.63 Right of Use Assets 30.97
Slide 23: Leading Margins and Profitability in the Industry
TCI Express | TCI Express – Leading Margins and Profitability in the Industry EBITDA Margins % EBIT Margins % 13.7% 12.9% 10.4% 12.1% 10.1% 9.1% 5.4% 5.8% 5.0% 3.8% 1.2% 0.7% TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 TCI Express Peer 2 Peer 1 Peer 3 Peer 5 Peer 4 PAT Margins % 8.7% 7.8% 2.4% 1.
Slide 24: Last 8 Year Key Takeaways
TCI Express | Last 8 Year Key Takeaways Inherent Business Strength ✓ Fastest B2B Express Delivery Company in India ✓ Asset light model allows the Company to maintain higher utilization and drive strong cash flows ✓ No franchise model. All branches are company owned which ensures the adoption of best
Slide 25: Strategy and Outlook
TCI Express | Strategy and Outlook Government Initiatives to Highly diversified client Automation at owned Continuous expansion Contribution of new strengthen the logistics base of corporate and sorting centers to drive in metro and tier I cities and value-added sector and focus on SME customers. We
Slide 26: Strategic Priorities by 2030
TCI Express | Strategic Priorities by 2030 Expansion into New Markets Sustainability Initiatives • TCI Express aims to grow its network further by • A major focus is on reducing environmental impact increasing the number of service locations, pickup by investing in renewable energy and sustainable p
Slide 27: Express Industry – An Outlook
TCI Express | Express Industry – An Outlook Logistics as % of GDP 15% India GDP $3.55 Tn $17,795 Bn 73% Road 4% Total Logistics Spend $448 Bn Water Indian 14% Road Transportation $210 Bn Logistics Market $3,550 Bn Split 5% Un-Organised Segment 90% Air 18% Rail 8% TCI Express Carries $14 Bn $27,361 B
Slide 28: Growth Drivers: Logistics' Industry
TCI Express | Growth Drivers: Logistics' Industry Government Initiatives and Policy Support Infrastructure Development National Logistics Policy (NLP): Launched in 2022, this policy is central to India's Transport and Connectivity Investments: India has made substantial investments in logistics tran
Slide 29: Growth Drivers
TCI Express | Growth Drivers Digital Transformation • Digitalisation, through technologies like IoT devices, RFID tags, GPS/GSM trackers, and automated sorting systems, significantly reduces operational times and streamlines procedures, boosting overall efficiency in logistics 01 • New technologies
Slide 30: Management Team
TCI Express | Management Team Mr. D P Agarwal, Chairman & Director Mr. Mukti Lal, Chief Financial Officer Mr. D P Agarwal has been associated with the transport industry for more Mr. Mukti Lal, a seasoned Chartered Accountant, has been associated than 51 years. He has been contributing to developing
Slide 31: Overview of Market Challenges Impacting Logistics Sector
TCI Express | Overview of Market Challenges Impacting Logistics Sector Key Factors Contributing to the Logistics Sector’s Challenges Purchasing Manager Index (Index Points) Base:100 • Fuel and Transportation Cost Surge: Persistent inflation led to higher transportation costs, squeezing margins Infla
Slide 32: Sectoral and Economic Dynamics Influencing Logistics
TCI Express | Sectoral and Economic Dynamics Influencing Logistics Broader Economic and Sector-Specific Headwinds • Vehicle Sales: A cautious 3.9% growth in commercial vehicle sales in FY25, driven by rising costs, fluctuating demand, and regulatory changes. Limited adoption of LNG in heavy trucks a
Slide 33: ESG Initiatives
TCI Express | ESG Initiatives Environmental Social Governance Water Conservation CSR continues to be a core focus at TCI Express, Board Composition and Diversity resulting in the formation of the CSR arm 4 out of 8 directors on the board are independent, Implemented rainwater harvesting and various
Slide 34: ESG Profile – Consolidating all ESG Disclosures
TCI Express | 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 qualitativ
Slide 35: Awards and Recognition
TCI Express | Awards and Recognition Awards Iconic Brand of India ET Business Leader Award 2024 TCIEXPRESS has been Mr. Chander Agarwal, MD, TCIEXPRESS recognised as one of the ‘Iconic has been awarded the prestigious ET Brands of India 2024’ for its Business Leaders Award 2024 for commitment to top
Slide 36: Awards and Recognition
TCI Express | Awards and Recognition Corporate Governance Sustainability Awards The USGBC has awarded TCI Express’s two Leadership in Energy and Environmental Design (LEED) Gold certifications: Ranked 713 based on Market Credit Instruments rated by two • GIGA Sorting Centre: Gurugram Capitalization,
Slide 37: Capital Market Information
TCI Express | Capital Market Information Share Price Information, as on 30th September 2024 Key Facts 30th September 2024 CAGR Return: TCI Express 23.74% S&P BSE Sensex 23.47% BSE / NSE Ticker 540212/ TCIEXP CMP (Rs.) 1095.70 Shares O/S (Cr) 3.83 Market Cap (Rs. Cr) 4,196 52 Week H/L (Rs.) 1,446/997
Slide 38: Contact Information
TCI Express | 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
Slide 39: TCI Express Limited
TCI EXPRESS LIMITED Flat Nos. 306 & 307, 1-8-271 to 273, 3rd Floor, Ashoka Bhoopal Chambers, S . P. Road, Secunderabad-500 003 P: +91 124 2384090-94 • E: info@tciexpress.in W: www.tciexpress.in • Toll free: 1800 2000 977 TCI Express | Earnings Presentation Page 38