Vrl Logistics Ltd. · NSE:VRLLOG
Vrl Logistics — Q2 FY2022-23 Earnings Presentation
20 slides from Vrl Logistics's earnings presentation, Nov 10, 2022
Slide 1: Submission of Earnings Presentation to stock exchanges
Corporate Office: Giriraj Annexe Circuit House Road HUBBALLI- 580 029 Karnataka State Phone : 0836- 2237511 Fax : 0836 2256612 e-mail : headoffice@vrllogistics.com To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No.C/1, G-Block, Dalal Street Ba
Slide 2: Q2 FY2022-23 Earnings presentation
Q2 FY2022-23 Earnings presentation 1
Slide 3: Disclaimer
Disclaimer • Certain statements contained in this document may be statements of future expectations/forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results/performance or events to di
Slide 4: VRL – Market Leader in B2B Parcel Segment
VRL – MARKET LEADER IN B2B PARCEL SEGMENT Only “Owned Asset” organised Pan-India surface logistics services Integrated hub-and-spoke player in Less than Truck load provider with an established brand operating model ensuring logistics business in India having one of the largest efficient consignment
Slide 5: Key operating figures: workforce, customers, hubs, branches, vehicles
20000+ WORKFORCE led by 7 LAKH + experienced CUSTOMER BASE management 47 MASSIVE TRANSHIPMENT 1045 GOODS HUBS TRANSPORT HIRED VEHICLES BRANCHES ENGAGED ON NEED BASIS 5193 OWNED GOODS TRANSPORT VEHICLES .
Slide 6: H1FY23 Consolidated Financial Performance
H1FY23 CONSOLIDATED FINANCIAL PERFORMANCE KEY HIGHLIGHTS H1FY23 records the highest ever HALF YEARLY turnover driven by revival Revenue @ Rs.145303 lakhs in economy and growing economic indicators. EBITDA @ Rs.21880 lakhs Revenue up by EBITDA up by PAT up by 38% H1YoY 42% H1YoY 86% H1YoY Margins @ 1
Slide 7: Consolidated Financials
CONSOLIDATED FINANCIALS Consolidated Q2 YoY Q1 QoQ YoY (INR in Lakhs) FY23 FY22 Growth (%) FY22 Growth (%) H1FY23 H1FY22 Growth (%) Income from operations 73075 63637 15% 71711 2% 144786 105014 38% Other Income 220 177 296 517 528 Total Income 73295 63814 15% 72008 2% 145303 105542 38% EBITDA 10142
Slide 8: Q2 FY23 Consolidated Financial Performance
Q2 FY23 CONSOLIDATED FINANCIAL PERFORMANCE VRL has continuously surpassed its Quarterly Revenue by recording its highest ever turnover on quarterly basis. Q2FY23 KEY HIGHLIGHTS Q2FY23 records the highest ever Quarterly turnover driven by increased demand across all sectors in the GT segment QoQ YoY
Slide 9: Goods Transport (GT)
GOODS TRANSPORT (GT) Rupees Q2 YoY Q1 QoQ YoY in Lakhs FY23 FY22 Growth (%) FY22 Growth (%) H1FY23 H1FY22 Growth (%) Q2FY23 records the highest ever Revenue 65001 56882 14% 60887 7% 125888 95364 32% revenue @ Rs.65001 lakhs driven by demand across all sectors and addition of new SME and Corporate cl
Slide 10: GT Performance
GT PERFORMANCE Revenue Analysis • GT revenue increased by 32% H1YoY, 14% YoY and 7% QoQ due to revival in economy and growing demand from SME and Corporates. • Volumes up by 27% H1YoY, 14% YoY and 7% QoQ. Focus on Volume Growth- Wait and Watch approach on Freight Rates • Sudden surge in Festive Book
Slide 11: GT – Profitability Analysis
GT – PROFITABILITY ANALYSIS Q2 FY23 Q2 FY22 YOY Difference (%) Reason (Percent to Revenue) EBITDA 15.56% 19.30% (3.74%) • Increase in costs due to Retail procurement increases from 47.09% in Q2FY22 to 98.3% in Q2FY23 as there was an increase in rates for bulk purchase of Diesel Fuel cost 30.43% 30.6
Slide 12: GT – Profitability Analysis
GT – PROFITABILITY ANALYSIS Q2 FY23 Q1 FY23 Difference QoQ Reason (Percent to Revenue) (%) • Sudden increase in Transit tonnage booked during festive surge (fag end of Q2FY23) as compared to earlier quarters. Revenue of this EBITDA 15.56% 16.39% (0.83%) tonnage is not recognised in the current quart
Slide 13: Bus Operations
BUS OPERATIONS Q2 YoY Q1 QoQ YoY Rupees in Lakhs FY23 FY22 Growth (%) FY23 Growth (%) H1FY23 H1FY22 Growth (%) Revenue 7322 5027 46% 9787 (25%) 17109 6783 152% EBITDA 381 27 1306% 1995 (81%) 2376 (362) 757% Margin (%) 5% 0.5% 20% 14% (5%) EBIT 20 (290) 107% 1701 (99%) 1721 (1007) 271% Margin (%) 0.3
Slide 14: Sale of Power
SALE OF POWER Q2 YoY Q1 QoQ YoY Rupees in Lakhs FY23 FY22 Growth (%) FY23 Growth (%) H1FY23 H1FY22 Growth (%) Revenue 306 858 (64%) 491 (38%) 797 1412 (44%) EBITDA 239 690 (65%) 319 (25%) 559 1079 (48%) Margin (%) 78% 80% 65% 70% 76% EBIT 148 419 (65%) 50 193% 198 538 (63%) Margin (%) 48% 49% 10% 25
Slide 15: Goods Transportation Network
Goods Transportation Network J&K 05 HP 07 CH 01 PB 22 UK 07 • Market Leader In LTL Segment HY DL 26 36 UP ARP- 01 • Operations: RJ 44 23 AS- 07 BR 23 States 12 • MP JH 18 09 WB TR GJ 34 01 77 CG 08 OR & UT 17 2 MH 129 TG • 4 Union Territories 55 GOA 07 KA 223 AP • 1045 Branches 92 UT(PY) 05 TN • 47
Slide 16: Infrastructure
INFRASTRUCTURE Total GT Vehicles : 5193 No of GT Vehicles 28616 GT vehicles carrying Capacity: 75084 tons Capacity (tons) (excluding Cranes and Tankers) 14952 14963 7363 7574 610 1184 1039 702 1612 649 533 12 432 <5 tons 5 - 10 tons 10 - 15 tons 15 - 20 tons 20 - 25 tons 25 - 30 tons >30 tons 1.58%
Slide 17: Wide range of sectors served
Wide range of sectors served Sports Goods Expertise In Handling Variety Of Commodities Educational Goods Machinery Agriculture Diversified B2B Customer Base Across Wide Range FMCG Products & Textile Implements of Industries Electrical No single customer contributing over ~1% of Total Pharma Leather
Slide 18: Key Developments
KEY DEVELOPMENTS Addition of 97 new branches in H1FY23. 68 new branches added in Q1FY23 & 29 new branches added in Q2FY23. Closed : 8 branches. Total number of branches as on 30.09.2022 is 1045. Expansion of existing Branch Area and increasing Branch Density in Key Markets like Pune, Ahmedabad, Raip
Slide 19: Continued focus on higher margin LTL segment
Continued focus on higher Focus on increasing Geographic margin LTL segment presence in hitherto untapped markets Priority to Volume Growth- Wait and Watch approach on Freight Hike Well positioned to conclude planned fleet addition 18
Slide 20: For Further discussions or Queries, Please contact
For Further discussions or Queries, Please contact Sunil Nalavadi Chief Financial Officer +91 93425 59298 cfo@vrllogistics.com 19