Vrl Logistics Ltd. · NSE:VRLLOG
Vrl Logistics — Q2 FY2021-22 Earnings Presentation
19 slides from Vrl Logistics's earnings presentation, Nov 1, 2021
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 lndia Limited Phiroze Jeejeebhoy Towe6 Exchange Plaza, Plot No.C/l, G-Block, Dalal Street Ba
Slide 2: VRL Financial Results - Q2 FY2021-22 Earnings Presentation
VRL Financial Results - Q2 FY2021-22 Earnings Presentation November 01, 2021 1
Slide 3: 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 differ materi
Slide 4: Company overview
A public listed company on NSE & BSE Exchange with a Market capitalization of INR 33.76 billion(as on 30th September, 2021) Pre dominantly parcel delivery service provider (~90% of total Revenue for FY21) with pan–India last mile connectivity operating through a fleet of 4687 owned Goods transport v
Slide 5: Key Differentiators
Key Differentiators India – 73% Goods transported by road Long Term Sustainability VRL Only “Owned Asset” organised player in LTL business in India Operating model Integrated hub-and-spoke operating model ensuring efficient consignment distribution VRL owns 4687 GT vehicles Efficient o
Slide 6: Key Differentiators
Key Differentiators More than 52% vehicles Fully Depreciated Lower Costs More than 91% vehicles Debt Free No Associated finance costs Financial performance & position Track record of growth and robust financial position EBITDA Margins @18.03% (Q2FY22) – Highest in the industry Cash
Slide 7: Key strengths: low debt, efficient collection, lowest cost operator
Most efficient collection mechanism • Annual bad debt less than Rs.5 lakh on ~Rs.2,000 Cr. Revenue. • Hardly any collectible more than 90 days. Procurement of diesel directly from Refineries by establishing own fuel pumps in key locations. Wide range of Customers • Not dependent on any single
Slide 8: Market Leader in LTL segment
Market Leader in LTL segment Operations : 22 States,4 Union Territories. 715 Branches 142 Agencies 45 Strategically placed Hubs Hub-and-Spoke model to aggregate small parcels and maximize capacity utilization of its vehicles Efficient operations with largest fleet and a robust pan India network in 9
Slide 9: Own Vehicle Numbers
Own Vehicle Numbers 0.5 tons to Car Available Total 2.5 tons to 7.5 tons and Tanker Cranes TOTAL As of 2.5 tons Carrier Capacity Vehicles BUSES 7.5 tons above (2) (3) FLEET (a) (1) (tons) Owned 31-Mar-18 150 960 2765 102 52954 17 13 4007 396 4403 31-Mar-19 257 1009 3004 102 64776 13 13 4398 381 4779
Slide 10: Significance of own vehicles
Goods transportation fleet Significance of own vehicles 4687 owned vehicles as on Enables us to significantly control September 30, 2021 operational costs 4253 (91%) debt free vehicles Higher payload per vehicle for LTL consignments Wide range of vehicles Enables us to cover a large number of
Slide 11: Notes to unaudited financial results
1) The above Statement of Unaudited Financial Results ("Financial Results") for the quarter and half year ended 30 September 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 1 November 2021. These Financial Results have been s
Slide 12: Consolidated Results Q2 FY22
Consolidated Q2 FY22 Q1 FY22 Q2 FY21 H1 FY22 H1 FY21 FY21 (INR in Lakhs) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) TOTAL INCOME 63813.76 41728.10 44180.76 105541.86 60421.14 177578.73 EBITDA 11506.06 3956.57 8946.91 15462.63 5791.75 26035.04 EBITDA Margins(%) 18.03% 9.48%
Slide 13: Goods Transport and Bus Operations
(INR in lakhs) Goods Transport Quarter ended Half Year ended Year ended 30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 56881.55 38482.59 40771.41 95364.14 55596.00 159275.00 EBITDA - After In
Slide 14: Sale of Power and Transport of Passengers by Air
(INR in lakhs) Sale of Power Quarter ended Half Year ended Year ended 30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 857.92 554.27 755.87 1412.19 1235.04 1757.44 EBITDA - After Ind As 116 690
Slide 15: Recovery from Pandemic – Set for Higher growth
Pre-Covid levels 1st wave Recovery Recovery after 2nd wave 56855 60302 52692 55964 Consolidated 54204 50026 63814 44181 41728 Revenue EBITDA 16240 9119 7626 8206 10392 9851 11506 5907 8947 3957 -3155 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 50101 53577 56882 42339 43202
Slide 16: Overall demand picked up in the second quarter
Overall demand picked up in the second quarter and Business growth was back to pre-pandemic levels . In spite of the difficulties faced, the impact on business was lesser than the first wave witnessed last year, as supply chains were well evolved enough to cope with localized and staggered lockd
Slide 17: Net Debt to Equity, Gearing Ratio, Return metrics
Net Debt to Equity Gearing Ratio 6278 12880 17706 10144 15372 24.32% 22.30% 16.62% 14.52% 9.57% 0.1 0.2 0.3 0.2 0.3 FY18 FY19 FY20 FY21 Q2FY21 FY17 FY18 FY19 FY20 FY21 Net debt/Equity(x) Net debt position (Lakhs) Note : Debt for the above purpose includes non-current borrowings, current Return metri
Slide 18: Shareholding Pattern as on September 30, 2021
Shareholding Pattern as on September 30, 2021 rel, 17.81% 69.59% Shareholding Pattern O Promoter O Mutual Funds @ Foreign Portfolio Investors General Public @ Others 17
Slide 19: Contact: Chief Financial Officer
For further discussions/queries please contact : Sunil Nalavadi Chief Financial Officer +91 93425 59298 cfo@vrllogistics.com