Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q2 FY2020 Earnings Presentation
24 slides from Tci Express's earnings presentation, 2019
Slide 1: Q2 FY2020 Earnings Presentation
Q2 FY2020 Earnings Presentation
Slide 2: H1 FY2020 and Q2 FY2020 Highlights
H1 FY2020 and Q2 FY2020 Highlights Strong Financial Performance with 9.3% Income and 60.6% PAT Growth in Q2 FY2020 Board Recommended Dividend of Rs. 1.5 per share, Pay-out of 12.9% Rs. 528 Cr Rs. 271 Cr 6.4% y-o-y 9.3% y-o-y 41.4% H1 FY20 Income Q2 FY20 Income H1 FY20 ROCE Rs. 63 Cr Rs. 32 Cr 12.8%
Slide 3: Management Commentary Q2 FY2020
Management Commentary Q2 FY2020 Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “I am pleased to report that TCI Express has delivered Revenue from Operations of Rs. 271 crores in Q2 FY2020, an increase of 9.3% on Y-o-Y basis compared to Q2 FY2019. The Company delivered an E
Slide 4: Why TCI Express?
Why TCI Express? Ranked 457 in Top 500 Companies based on Market Cap, as on March 31, 2019 Asset Light High Value Cargo No Franchise: Lowest Cost Business Model (Low volume, high All owned Structure margins) Branches API based back- Containerized Superior end technology Movement Customer Support Ser
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: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Surface Company Express Branches 800+ Priority Domestic Air Express Express Express Services International E Commerce Air Express Reverse Express 6 www.tciexpress.in
Slide 7: Strategy and Outlook
Strategy and Outlook Revenue Growth Negligible impact expected on Express due to economic slowdown ❑ 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. 400 cror
Slide 8: Financial Performance
Financial Performance Q2 Y-o-Y Q1 Q-o-Q Six Months Y-o-Y Particulars (in Cr) FY2020 FY2019 Growth (%) FY2020 Growth (%) FY2020 FY2019 Growth (%) Total Income from Operations 271.1 248.0 9.3% 256.9 5.5% 528.0 496.1 6.4% EBITDA 32.3 28.1 15.1% 30.3 6.6% 62.7 55.6 12.8% Margin (%) 11.9% 11.3% 11.8% 11.
Slide 9: Q2 FY 2020 Performance Discussion
Q2 FY 2020 Performance Discussion • Revenue growth of 9.3% y-o-y attributable to increase in new customers from SME Segment • EBITDA Margins increased 60 bps, from 11.3% in Q2 FY2019 to 11.9% in Q2 FY2020 primarily due to: o Operational efficiencies and effective cost control measures • TCI Express
Slide 10: Leverage Profile
Leverage Profile Particulars (in Cr) Sep-19 Mar-19 Sep-18 Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL) Long Term Debt 2.4 2.3 2.5 Short Term Debt 1.1 6.4 38.7 Total Debt 3.6 8.7 41.1 The company has a net cash position of Rs. 27.4 Crores at the end of September 2019 Less: Cash &
Slide 11: Cash Flow from Operations vs Free Cash Flows (H1 FY20)
Cash Flow from Operations vs Free Cash Flows (H1 FY20) Continue to Generate Strong Cash Flows 73.9 77.4 58.1 52.3 27.1 20.6 14.4 11.2 FY2017 FY2018 FY2019 H1 FY20 Cash Flow from Operations Free Cash Flows • Track record of consistent generation of cash flows with a focus on enhancing free cash flows
Slide 12: Quarter Performance Trends
Quarter Performance Trends Total Income from Operations EBITDA and Margins 271.1 35.0 263.8 267.0 31.6 32.3 256.9 30.3 28.1 13.1% 248.0 12.0% 11.9% 11.8% 11.3% Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 PBT and Margins PAT and Margins 32.8 28.9 28.3 30.2 25.3 26.
Slide 13: Annual Performance Trends
Annual Performance Trends Total Income from Operations EBITDA and Margins 1027.0 887.2 122.2 751.6 92.7 63.3 10.5% 11.9% 8.4% FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 PBT and Margins PAT and Margins 111.9 83.8 72.8 56.5 58.4 10.9% 9.4% 37.5 7.5% 6.6% 7.1% 5.0% FY2017 FY2018 FY2019 FY2017 FY2018 FY2
Slide 14: Key Ratios
Key Ratios Return on Equity (%) Return on Capital Employed (%) Current Ratio (x) 31.8% 42.8% 30.7% 41.4% 28.7% 38.2% 26.1% 31.5% 2.33x 1.69x 1.87x 1.35x FY2017 FY2018 FY2019 6M FY20 FY2017 FY2018 FY2019 6M FY20 FY2017 FY2018 FY2019 6M FY20 Notes: 1. Annualized 6MFY2020 Figures for RoE and RoCE 2. Ro
Slide 15: 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 16: 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 13 years. He was working
Slide 17: Awards and Recognitions
Awards and Recognitions Logistics Excellence Tech innovator of The Year Best Express Logistics Services Provider of the Year TCI Express Limited as most Brands Industry At India Logistics Summit & Awards 2019 13th Express , Logistics & Supply chain Leadership Awards Bharariya Manvata Vikash Puraskar
Slide 18: Awards and Recognitions
Awards and Recognitions Won ET Now Stars of the Industry Awards Received Best CFO Award 2019 by for Excellence in CSR in 2018 Financial Express Mr. Chander Agarwal, MD, awarded Won India Cargo Awards as India's Inspirational Business Leaders 2019 in London ‘Best Express Distribution Company’ 2018 18
Slide 19: Corporate Governance
CORPORATE GOVERNANCE Corporate Governance LISTED ENTITY ISO CERTIFIED RATED BY Ranked 457 in Top 500 Companies based on Market Cap, as on March 31, 2019 IATA CERTIFICATE Business Superbrand The Economic Times of 2019 Iconic Brands Of India 19 www.tciexpress.in
Slide 20: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 60% 14% India GDP $2.7 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 • Launch of New Dedicated Freight • Goods and Service Tax • Automation of Sorting Centres Corridor • Improved Rail and Port Connectivity • Implementa
Slide 22: Key Takeaways
Key Takeaways ❑ TCI Express revenue has grown at CAGR of 16.8% in last 3 years ❑ Asset light model continues to drive strong cash flows ❑ Consistently paying dividend for last 3 years and generating high return on capital employed ❑ Strong balance sheet and flexible capital structure ❑ Continued foc
Slide 23: 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 24: 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 24 www.tciexpress.in