Indian Railway Catering & Tourism Corp. Ltd. · NSE:IRCTC
Indian Railway Catering & Tourism — Investor Presentation (November 2022)
23 slides from Indian Railway Catering & Tourism's investor presentation, November 2022
Slide 1: Corporate Presentation
CORPORATE PRESENTATION
Slide 2: Table of contents
Table of contents Brief Overview of IRCTC Section 1 Key Investment Highlights Section 2 Detailed Financial Performance Section 3 Strategy Going Forward Section 4 CORPORATE PRESENTATION | © Indian Railway Catering and Tourism Corporation Limited (IRCTC) 1
Slide 3: Section 1: Brief Overview of IRCTC
Section 1: Brief Overview of IRCTC CORPORATE PRESENTATION | © Indian Railway Catering and Tourism Corporation Limited (IRCTC) 2
Slide 4: Brief Overview of IRCTC
Brief Overview of IRCTC A Central Public Sector Enterprise having 67.4% stake by the Government of India and under the administrative control of the Ministry of Railways Conferred the status of Mini – ratna (Category-I Public Sector Enterprise) by the Government of India, on May 1, 2008. IRCTC
Slide 5: Key Milestones in IRCTC's Journey so Far
Key Milestones in IRCTC’s Journey so Far Signed MOU with "HRICE", Government of Karnataka for providing back-end IRCTC received the National Tourism award for 2018-19 in two categories – service in Bharat Gaurav train i) Most innovative use of information Technology ii) Tourism promotional film
Slide 6: Share Price Performance since Listing
Share Price Performance since Listing 1,400 Nov-22: IRCTC stock has rallied Oct-21: Stock split in ~500% since listing in Oct-2019 the ratio 1:5 Oct-19: Listing of Current Market Cap – INR 583 bn IRCTC Shares – 2.3x 1,200 times over IPO price Dec-20: IRCTC OFS whereby 20% stake further diluted 1,000
Slide 7: Section 2: Key Investment Highlights
Section 2: Key Investment Highlights CORPORATE PRESENTATION | © Indian Railway Catering and Tourism Corporation Limited (IRCTC) 6
Slide 8: IRCTC is the only entity authorized by the Indian Railways to provide catering services
IRCTC is the only entity authorized by the Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India 1 Operates one of the most transacted website www.irctc.co.in in the Asia-Pacific region 2 Responsible for p
Slide 9: IRCTC is the Only Entity Authorized to Provide Online Ticketing for Railway Passengers
IRCTC is the Only Entity Authorized to Provide Online Ticketing for Railway Passengers 1 Online Ticketing Share IRCTC is one of the most transacted websites in Asia Pacific with a transaction volume of over 34.5mn per month and 6.27mn logins per day 79.6% 80.4% 72.8% 70.1% 65.8% 59.9% 57.2% 54.3%
Slide 10: Responsible for Providing Catering Service Across The Railway Network
Responsible for Providing Catering Service Across The Railway Network E-catering to fuel growth in the coming years 2 As per Ministry of Railways’ New Catering Policy of 2017, IRCTC has been assigned the responsibility for catering services across the entirety of Indian Railways – mobile and stati
Slide 11: Provides Packaged Drinking Water at Railway Stations and Trains in India
Provides Packaged Drinking Water at Railway Stations and Trains in India 3 Strong Recovery Seen After Covid Impact Manufacturing Presence across India Bottles produced (mn) 275 IRCTC has 15 202 215 Manufacturing plants as of now (i.e. 05 Departmental plants and 10 PPP) 187 199 75 FY17 FY18 FY19 FY20
Slide 12: One-stop Solution for Travel and Tourism Services
One-stop Solution for Travel and Tourism Services 4 IRCTC has a wide array of offerings making it a one stop solution for all travel services and tourism products Domestic Tour Inbound Tourist Mass Tourism Outbound Tour Air Ticket and Other Tourism Packages Targeted Tours Package Corporate Travel Ac
Slide 13: Robust Financials Demonstrating Strong Growth and Healthy Return Ratios
Robust Financials Demonstrating Strong Growth and Healthy Return Ratios 5 Diversified revenue streams with Internet Ticketing and Change in business mix has resulted in improvement in Catering key growth drivers (Revenue – INRmn) profitability (segment wise EBIT margin) EBIT margin FY20 FY21 FY22 22
Slide 14: Experienced Leadership Team with Deep Domain Knowledge
Experienced Leadership Team with Deep Domain Knowledge 6 Rajni Hasija, Chairperson & Managing Director Chairman and Managing Director; Director - Tourism & Marketing since May-18, and also held additional charge of Director - Catering Services from Jul-19 to Jan-22 Officer of the Indian Railway
Slide 15: Section 3: Detailed Financial Performance
Section 3: Detailed Financial Performance CORPORATE PRESENTATION | © Indian Railway Catering and Tourism Corporation Limited (IRCTC) 3 14
Slide 16: Key Financials (1/2)
Key Financials (1/2) Revenue from Operations EBITDA and EBITDA Margin(1) (INR mn) (INR mn) 50.7% 54.6% 40.8% 22,643 34.4% 35.1% 18,795 16,584 9,536 7,784 6,762 7,767 6,483 3,537 2,727 FY20 FY21 FY22 H1FY22 H1FY23 FY20 FY21 FY22 H1FY22 H1FY23 Revenue EBITDA Margin Profit After Tax (PAT) and PAT Margi
Slide 17: Key Financials (2/2)
Key Financials (2/2) Net Worth Return on Net Worth (RoNW)(1) (INR mn) (INR mn) 42.2% 22,377 39.1% 35.2% 18,839 29.6% 16,310 13,138 14,558 12.8% FY20 FY21 FY22 H1FY22 H1FY23 FY20 FY21 FY22 H1FY22 H1FY23 Net Worth RoNW Cash and Cash Equivalents Dividend and Payout Ratio(2) (INR mn) (INR mn) 6,708 42.8
Slide 18: Segment Wise Financial Performance (1/2)
Segment Wise Financial Performance (1/2) Operating revenue (INR mn) FY20 FY21 FY22 H1FY22 H1FY23 Internet Ticketing 6,198 4,425 10,210 4,153 6,019 Catering 10,332 2,231 4,990 1,281 6,866 Packaged Drinking Water 2,220 572 1,723 704 1,557 Travel and Tourism 2,952 539 1,570 345 1,514 State Teertha 941
Slide 19: Segment Wise Financial Performance (2/2)
Segment Wise Financial Performance (2/2) EBIT (INR mn) FY20 FY21 FY22 H1FY22 H1FY23 Internet Ticketing 4,927 3,493 8,702 3,372 5,077 Catering 1,073 (835) 260 (48) 777 Packaged Drinking Water 514 (45) (147) 46 146 Travel and Tourism 106 (715) (461) (358) (90) State Teertha 144 - 30 - 108 Total 6,764
Slide 20: Section 4: Strategy Going Forward
Section 4: Strategy Going Forward CORPORATE PRESENTATION | © Indian Railway Catering and Tourism Corporation Limited (IRCTC) 19
Slide 21: Potential Growth Drivers
Potential Growth Drivers E-booking penetration is ~80% of the total reserved train ticketing in FY22 and this is expected to increase due to factors such as Internet increasing internet penetration, convenience, low cost of data & smartphones, etc Ticketing Indian rail network continues to grow,
Slide 22: Disclaimer
Disclaimer THIS PRESENTATION (“PRESENTATION”) DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION OR INDUCEMENT TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED (THE “COMPANY”), NOR SHAL
Slide 23: Thank You
~ ¢ Rt) IRCTC Thank You