Gateway Distriparks Limited · NSE:GATEWAY
Gateway Distriparks — FY2020 Earnings Presentation
52 slides from Gateway Distriparks's earnings presentation, Jun 5, 2020
Slide 1: Cover letter to stock exchanges
05 June 2020 The Stock Exchange, Mumbai National Stock Exchange of India Ltd. Phiroze Jeejeebjoy Towers Exchange Plaza Dalal Street MUMBAI Bandra Kurla Complex Ph: 22727 1233 /34 MUMBAI - 51 Fax: 2272 3121 / 2037/ 2041 /2061/ 2039 Ph: 2659 8452 Fax: 2659 8237 / 38 Email : corp.relations@bseindia.com
Slide 2: Press Release: FY20 Consolidated performance
Press Release For Immediate Release FY20 Consolidated performance Total Income increases by 195.4% from Rs. 443 Crores to Rs. 1,310 Crores YoY EBITDA excl. Exceptional items increased by 247.7% from Rs. 95.2 Crores to Rs. 331 Crores; EBITDA Margin at 25.3% compared to 21.5% YoY PBT before Ex
Slide 3: Ind-AS 116 impact and other highlights
Effective April 1, 2019, the company has adopted IND-AS 116 on Leases. The impact of the same in Q4FY20 is as follows: GDL Consolidated Impact of IND-AS 116 (Rs. Crs) Impact on Ind-AS 116 Ind-AS 17 Increase/(Decrease) EBITDA 69.5 56.7 12.8 PBT (excluding exceptional income) 10.2 12.6 (2.4) Other hig
Slide 4: Management commentary
“Our financial performance in such challenging times has been satisfactory. Our profitability margins remained intact and we have been able to maintain a healthy financial position thereby meeting our financial obligations in a timely manner. We have prepaid Rs. 110 crores of Non-Convertible Debentu
Slide 5: Forward-looking statements and contacts
forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors. For further information please contact: Company Investor Relations Advisors Gateway Distriparks Limited Strategic Growth Advisors Pvt Ltd
Slide 6: Gateway Distriparks Ltd.
Gateway Distriparks Ltd. Investor Presentation June 2020 1
Slide 7: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Gateway Distriparks Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 8: Business Overview
Business Overview FATE GatewayRail —\ ; \ \ SNOWMAN
Slide 9: India's Leading Integrated Intermodal Logistics Player
India’s Leading Integrated Intermodal Logistics Player Incorporated in 1994, Gateway Gateway Rail Freight Limited, a Subsidiary of GDL, is Snowman Logistics Ltd., an Associate of GDL, is Distriparks Limited (GDL) is a leading India’s leading private intermodal operator India’s leading integrated tem
Slide 10: Business Overview
Business Overview Gateway Distripark - CFS Gateway Rail – Railway linked ICDs GDL operates 6 Container Freight Stations (CFS) in Nhava Sheva, Chennai, Gateway Rail Freight Limited (GRFL) is a subsidiary of Vishakhapatnam, Kochi and Krishnapatnam Gateway Distriparks Limited CFS offer transportation,
Slide 11: Business Structure
Business Structure Gateway Distriparks Ltd. 99.93% 40.25% Nhava Sheva, Mumbai Gateway Rail Freight Ltd. Punjab Conware, Mumbai (O&M) Snowman Logistics Ltd. Chennai Krishnapatnam Vishakapatnam Kochi Garhi Harsaru, Gurugram Chandigarh Ahmedabad Hyderabad Kolkata Sahnewal (Ludhi
Slide 12: Business Flow Chart
Business Flow Chart Export Business Need for CFS / ICD: ICD/CFS Rail • Act as concentration points for long Transportation distance cargoes and its unitisation • Provide secure storage facility at warehouses in CFS/ ICD Road Road Transportation Transportation • Transit facility service Factory Custo
Slide 13: Strategically Located Intermodal Terminals
Strategically Located Intermodal Terminals Land Designed Capacity Installed Capacity ICD Terminals (Acres) (TEU’s) (TEU’s) Garhi Harsaru, Gurgaon 90 5,00,00 2,50,000 Sahnewal, Ludhiana 60 3,00,000 1,50,000 Sahnewal, Ludhiana Piyala, Faridabad 65 3,00,000 1,50,000 Garhi Harsaru, Gurgaon Viramgam, Ahm
Slide 14: Strong Asset Base
Strong Asset Base • CFS Capacity – 7,00,000 lacs TEUs p.a. • Train Sets – 31 (21 owned) Key Equipment • ICD Capacity – 7,00,000 lacs TEUs p.a. • Tractor Trailers – 531 Metrics Bank • Close & Open Total Warehouse Capacity – ~1,60,000 sq. mt. • Reach Stackers – 50 • Reefer Plug Points – 500 • Hydra Cr
Slide 15: Deleveraging Initiatives
Deleveraging Initiatives Chandra CFS & Terminal Operators Deal Prepayment of NCDs GDL sold Chandra CFS & Terminal Prepaid Rs. 50 crs NCDs from the sales Operators to Team Global Logistics proceeds of Chandra CFS GDL to continue operating its 1st CFS in Further prepaid Rs. 60 crs in May 2020 Chennai
Slide 16: Capex Plans
Capex Plans 01 GDL plans to invest in Rail linked satellite terminals in the north Satellite terminals will enable aggregation of cargo through through its 02 flagship terminal Garhi Harsaru 03 Company plans to setup 2 terminals in next few years 04 This will entail a capex of Rs 120 crores over the
Slide 17: Future Ready
Future Ready Deleveraging Flexibility for Growth Balance Sheet DFC Benefits Commissioning of Rewari-Palanpur stretch could benefit customers by operation of longer, heavier and faster train services which will improve operational efficiency • Company’s long term strategy for Rail business involves o
Slide 18: Shareholding Information
Shareholding Information Shareholding Pattern Mar-2020 Life Insurance Corporation Of India Retail & Others Kuwait Investment Authority Eastspring Investments 12% Promoters Bodies 30% Corporate 1% SBI Mutual Fund Franklin Mutual Fund Amansa TOP INSTITUTIONAL INVESTORS IN THE COMPANY Schroder DII 30%
Slide 19: Promoter Group
Promoter Group Mr. Prem Kishan Dass Gupta Mrs. Mamta Gupta Mr. Ishaan Gupta Mr. Samvid Gupta Chairman And Managing Director Non-Executive Director Joint Managing Director Non-Executive Director 14
Slide 20: Board of Directors
Board of Directors Mr. Prem Kishan Dass Gupta Mr. Ishaan Gupta Mrs. Mamta Gupta Mr. Samvid Gupta Chairman And Managing Director Joint Managing Director Non-Executive Director Non-Executive Director Mr. Bhaskar Avula Reddy Mr. Shabbir Hassanbhai Mr. Arun Kumar Gupta Ms. Shukla Wassan Independent Dire
Slide 21: Management Team
Management Team Mr. Ishaan Gupta Mr. Samvid Gupta Mr. Sachin Bhanushali Joint Managing Director Non-Executive Director Chief Executive Officer Mr. Sandeep Kumar Shaw Mr. Nandan Chopra Mr. Srinivas Reddy Chief Financial Officer Sr. Vice President F&A Sr. Vice President & Projects & Services Company S
Slide 22: Rail linked Inland Container Depot (ICD) Business
Rail linked Inland Container Depot (ICD) Business 17
Slide 23: End to End service
End to End service Container Freight Services Rail Transportation & Last Mile Transportation Inland Container Depot • Provide all Services of CFS: • Owned fleet of over 275 trailers • Operate 31 rakes of which 21 are with capacity to carry both 20 & owned • for handling containers & 40 feet containe
Slide 24: Railway Business – At an Inflection Point
Railway Business – At an Inflection Point Strategic Excellent Viramgam Largest Private Player Renewed Focus Locations Connectivity terminal Strategically located at the Operates regular confluence of double- container train services to stack route of its flagship the Nhava Sheva, Mundra hub at Garhi
Slide 25: Strategically located ICDs
Strategically located ICDs State-of-the-art 5 intermodal terminals with Our Facilities 1 superior infrastructure and technology Locations Facilities built on owned land banks with scope for 2 further expansion at existing locations 1. Garhi Harsaru, Gurugram 2. Sahnewal, All facilities strategically
Slide 26: Rail Linked ICD Infrastructure
Rail Linked ICD Infrastructure Kalamboli Domestic Garhi Harsaru, Viramgam, Piyala, Faridabad Sahnewal, Ludhiana Terminal, Navi Gurugram Ahmedabad Mumbai Land (Acres) 90 65 60 40 15 Installed Capacity Revenue Streams 2,50,000 1,50,000 1,50,000 1,00,000 50,000 (TEU’s) Designed Capacity 5,00,000 3,00,0
Slide 27: Key Financial Metrics: Rail
Key Financial Metrics Throughput (TEUs) Revenues (Rs. Crs) EBITDA/ TEU (Rs./TEU) 2,57,030 867 869 8,914 2,36,810 7,299 FY19 FY20 FY19 FY20 FY19 FY20 Rail container volumes Q4 FY20 Q4 FY19 Y-o-Y FY20 FY19 Y-o-Y FY18 Throughput (TEUs) 67,636 57,612 17.4% 2,57,030 2,36,810 8.5% 2,29,833 Realization (Pe
Slide 28: Dedicated Freight Corridor (DFC)
Dedicated Freight Corridor (DFC) 23
Slide 29: Western Dedicated Freight Corridors – A Game Changer
Western Dedicated Freight Corridors (DFC) – A Game Changer Operational & Cost efficiencies Shift from Road transportation to Rail transportation Transit Assurance Note: Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timelin
Slide 30: Dedicated Freight Corridors – A Game Changer
Dedicated Freight Corridors (DFC) – A Game Changer The commissioning of Dedicated Freight Corridors (DFC) will entirely change the Game Changer dynamics of the Container Rail Business DFCs will result in higher asset turnaround due to a two times increase in the Average Speed average speed Rail frei
Slide 31: DFC to boost Rail led ICDs
DFC to boost Rail led ICDs Sahnewal, Ludhiana • Rewari- Palanpur route is expected Garhi Harsaru, Gurgaon to get commissioned by CY20, Asaoti, Faridabad which should increase productivity Western DFC of operators by 10% Viramgam, Ahmedabad Mundra Port • Entire western DFC route should get operationa
Slide 32: Container Freight Station (CFS) Business
Container Freight Station (CFS) Business 27
Slide 33: Service offerings
Service offerings Transportation Container Freight Station Warehousing • Fleet of over 200 trailers with • RFID enabled Bonded, Domestic • General, Bonded and Domestic capacity to carry both 20 & 40 feet and empty container yards CT-PAT Compliant warehousing containers • Custom clearance of EXIM • R
Slide 34: Container Freight Station (CFS) – Robust Infrastructure
Container Freight Station (CFS) – Robust Infrastructure Nava Sheva, Punjab Conware, Chennai Vishakhapatnam Kochi Krishnapatnam Services Offered Mumbai Mumbai (O&M) • Plot area of • Paved area • Paved area: • Paved Area: • Plot Area of • Land area ~1,41,700 60,000 sqmt 6,00,000 sqft 60,000 sqmt ~26,3
Slide 35: Key Financial Metrics: CFS
Key Financial Metrics Throughput (TEUs) Revenues (Rs. Crs) EBITDA/ TEU (Rs./TEU) 4,49,371 427 423 3,465 3,95,152 1,818 FY19 FY20 FY19 FY20 FY19 FY20 CFS volumes Q4 FY20 Q4 FY19 Y-o-Y FY20 FY19 Y-o-Y FY18 Throughput (TEUs) 87,176 111,299 -21.7% 395,152 449,371 -12.1% 4,00,543 Realization (Per TEU) 91
Slide 36: Snowman Logistics Ltd.
SNO Snowman 3 » =_l wn 2 ~~ 2 oo ° =_l
Slide 37: Service offerings
Service offerings Warehousing Distribution Value Added Services • 31 Temperature controlled • Large fleet of owned vehicles for • Blast Freezing upto -40°C warehouses across 15 cities with dedicated distribution to/from separated chambers to maintain cold stores • Retail Inventory Management differe
Slide 38: Widespread Network
Widespread Network 104,000+ Pallet Capacity Chandigarh Delhi NCR 31 warehouses Spread across 15 Cities Jaipur Ahmedabad Kolkata Surat Bhubaneswar Distribution Across 500+ Towns Mumbai Hyderabad Pune Visakhapatnam Krishnapatnam Bengaluru Chennai Owned Fleet Of 300 Refrigerated Vehicles Kochi Note: Ma
Slide 39: Varied category of products handled
Varied category of products handled PHARMACEUTICAL PRODUCTS POULTRY PROCESSED FOOD FRUITS FAST FOOD SUPPLY CHAIN VEGETABLES c DAIRY PRODUCTS PHOTOFILMS/X-RAY SEAFOOD OTHER INDUSTRIAL GOODS MEAT 34
Slide 40: Key Financial Metrics: Snowman
Key Financial Metrics Revenues (Rs. Crs) EBITDA (Rs. Crs) EBITDA Margin (%) 233 240 59 60 25 25 FY19 FY20 FY19 FY20 FY19 FY20 Particulars Q4 FY20 Q4 FY19 Y-o-Y FY20 FY19 Y-o-Y Revenue (Rs. Crs) 61.0 59.8 2.0% 240.2 232.6 3.3% EBITDA (Rs. Crs) 15.4 16.7 -7.9% 60.2 59.0 2.0% OPM (%) 25.2% 27.9% 25.1%
Slide 41: Q4 & FY20 Financial Performance
Q4 & FY20 Financial Performance 36
Slide 42: Consolidated FY20 Financial highlights
Consolidated FY20 Financial highlights* Total Income (Rs. Crs) EBITDA (Rs. Crs) EBITDA Margin (%) 1,310 331 25.3 21.5 ^ Exceptional items 443 95 represent gains on fair valuation of existing shares held in GRFL amounting to Rs.280.5 FY19 FY20 FY19 FY20 FY19 FY20 Crores in FY19 and gain on sales of s
Slide 43: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement* Particulars (Rs. In Crs) Q4 FY20 Q4 FY19 Y-o-Y FY20 FY19 Y-o-Y Revenue from Operations 299.1 119.9 149.4% 1,292.0 430.6 200.0% Other Income 5.1 4.2 17.6 12.8 Total Income 304.2 124.1 145.0% 1,309.6 443.4 195.4% Cost of Material Consumed (Incl. Construction Expen
Slide 44: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crs) Mar-20 Mar-19 EQUITY AND LIABILITIES (Rs. Crs) Mar-20 Mar-19 NON-CURRENT ASSETS 2,080.1 2,093.5 EQUITY 1,327.3 1,331.6 Property, Plant and Equipment 1,432.5 1,495.7 Equity Share capital 108.7 108.7 Capital Work In-Progress 5.4 1.6 Other equity 1,208.0 1,21
Slide 45: IndAS 116 Reconciliation
IndAS 116 Reconciliation Changes due to Changes due to Q4 FY20 Q4 FY20 FY20 FY20 Particulars (Rs. Crs) IndAS 116 Increase / IndAS 116 Increase / (Comparable basis) (Reported) (Comparable basis) (Reported) (Decrease) (Decrease) Adjustment to Increase / (Decrease) in profit before tax Operating Expens
Slide 46: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs) FY20 FY19 Cash generated from operations 335.9 132.4 Direct taxes paid (net of refund) -33.3 -11.2 Net Cash from Operating Activities 302.6 121.2 Net Cash from Investing Activities -18.5 -562.8 Net Cash from Financing Activities -336.3 450.3 Net Chan
Slide 47: Deleveraging Balance Sheet
Deleveraging Balance Sheet Net Debt Movement (Rs. Crs) Net Debt: Equity (X) 747 0.6 66 681 0.5 Mar-19 Repayment Mar-20 Mar-19 Mar-20E 42
Slide 48: Group Balance Sheet
Group Balance Sheet Particulars CFS Rail Transportation Snowman Logistics Equity & Liabilities (Rs. Crs) Mar-20 Mar-19 Mar-20 Mar-19 Mar-20 Mar-19 Equity Share capital 108.7 108.7 201.5 201.5 167.1 167.1 Reserves & Surplus (CFS: net of Rs.702.41 cr in GRFL) 516.2 555.5 205.1 170.0 252.6 268.0 Lease
Slide 49: Historical Financials
FATE GatewayRail —\ ; \ \ SNOWMAN Historical Financials 44
Slide 50: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement* Particulars (Rs. Crs) FY20 FY19 FY18 Revenue from Operations 1,292.0 430.6 395.5 Other Income 17.6 12.8 13.8 Total Income 1,309.6 443.4 409.3 Operating Expenses 819.8 267.2 245.2 Employee Expenses 59.8 23.6 20.3 Other Expenses 99.1 57.4 45.7 EBITDA 331.0 95.2 98
Slide 51: Consolidated Balance Sheet
Consolidated Balance Sheet* ASSETS (Rs. Crs) Mar-20 Mar-19 Mar-18 EQUITY AND LIABILITIES (Rs. Crs) Mar-20 Mar-19 Mar-18 NON-CURRENT ASSETS 2,080.1 2,093.5 984.2 EQUITY 1,327.3 1,331.6 1,018.1 Property, Plant and Equipment 1,432.5 1,495.7 298.3 Equity Share capital 108.7 108.7 108.7 Capital Work In-P
Slide 52: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Gateway Distriparks Limited Strategic Growth Advisors Pvt. Ltd. CIN - L74899MH1994PLC164024 CIN - U74140MH2010PTC204285 Mr. Sandeep Kumar Shaw Mr. Pratik R. Shah/ Mr. Jigar Kavaiya sandeep.shaw@gateway-distriparks.com pr