Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — Q1 FY2019-20 Earnings Presentation
25 slides from Transport Corporation Of India's earnings presentation, Aug 2, 2019
Slide 1: Exchange intimation letter: Investors Presentation
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Slide 2: Earnings Presentation FY 2019-20 (Q1)
Earnings Presentation FY 2019-20 (Q1)
Slide 3: Group Information
Group Information 1958 $650 Mn 2.5% Year of Establishment Group Revenue Moving India’s GDP 7,500+ 1,400+ 12,000 Employee Strength IT Enabled Own Offices Trucks in Operations 2
Slide 4: Group Overview
Group Overview SBU’s and Services TCI’s Joint Venture/Subsidiaries Other Group Companies JV with CONCOR (49%) to FTL/FCL, LTL & provide end to end multi modal solutions. Over-dimensional cargo services Demerged in 2016 , through Road, Rail undertakes time sensitive and & Sea. JV with Mitsui & Co (51
Slide 5: Board of Directors
Board of Directors Name Designation Mr. D P Agarwal Chairman & Managing Director Mr. Vineet Agarwal Managing Director Mr. S N Agarwal Non-executive director Mr. K S Mehta (1) Non-executive independent director Mr. Ashish Bharat Ram Non-executive independent director Mr. Vijay Sankar Non-executive in
Slide 6: Corporate Governance
Corporate Governance Corporate Social Responsibility TCI would be taking CSR initiatives through TCI Foundation, TCI Institute of Logistics & TCI Charities under below activities: TCI Policies Company establishes the policies and procedures to ensure full compliances as applicable and to protect int
Slide 7: Domestic Logistics Market Size
Domestic Logistics Market Size # Entry Barrier Low High High High High Industry Structure Fragmented Organized Organized Organized Organized Estimated Market Size ( Bn USD) 100 10 16 6 1 Estimated CAGR 10% 10% 12% 18% 10% EBDITA Margins % 2-4% 8-11% 16-18% 5-15% 25-35% RoCE % 10-12% 15-
Slide 8: Logistics Key Growth Drivers
Logistics Key Growth Drivers • Stable growth in GDP Economic Growth • Increase in consumption trends • Urbanization: Emergence of demand centers • Brings transparency Regulatory Reforms • Level playing field for organized players (GST, Eway Bill ) • Consolidation and cost optimization • More public
Slide 9: Key USPs
Capability to offer both LTL & FTL at National Level Complex Technology supply chain driven Key designing and operations solutions USPs Large-scale Multimodal modern Capabilities warehousing 8
Slide 10: Largest player having both LTL and FTL capabilities at National Level
Largest player having both LTL and FTL capabilities at National Level Hub Centers Presence across India with IT enabled 25 Hub centers and 700+ Branch network Centralized Vehicle tracking through GEO Fencing System , and customer service by quick response team. On demand use of Foldable large contai
Slide 11: Complex Supply Chain Design & Execution
Complex Supply Chain Design & Execution •Supplier to Plant • Bonded Production Plant Plant Finished • 3PL Services Warehousing Support Goods & •DC/FC Logistics •Domestic and Efficiency •4 PL Services Global Services Logistics Aftermarket •LMD JIT (Just in Time) Model Road Transport Distribution Cent
Slide 12: Large-scale Modern Warehousing
Large-scale Modern Warehousing Auto Retail & CP Hi-tech Chemicals Healthcare Cold Chain TCI covers 12 million sq feet of warehousing space – Warehousing Cross dock operations owned/ long leased/ customer owned TCI Warehousing operations Infrastructure of Racking , Pigeon Holes, Cage Bins, Mezzanine
Slide 13: Multimodal Transportation
Multimodal Efficient use of various Transportation transportation-mode for seamless movement ICD Khatuwas/Dadri Mundra Port Vendors/Supp liers Movement by Road Movement by Rail Movement by Integration of EWB and all Sea Transport modes Factory/ Kochi Port Delivery 12
Slide 14: Technology Driven operations
Technology Driven operations 13
Slide 15: FY2019-20-Q1 Standalone Highlights
FY2019-20-Q1 Standalone Highlights Figures in Mn. FY19(Q1) FY20(Q1) 297 FY18(Q1) 6,196 282 5,898 4,978 176 FY18-Q1 PAT Growth Revenue Growth 5.1% (Q1FY20) 5.4% (Q1FY20) 83, 1% 736, 12% 2330, 19% FRT FRT 3746, 30% SCS 2987, 48% SCS 2390, 39% 2952, 23% Seaways Seaways Others Others 3478, 28% Business
Slide 16: TCI Freight Division
TCI Freight Division Key Operational Highlights • Registered 7.4% Q-t-Q growth driven by 3,500 (120) volumes Trucks & Trailers in operation (owned) • EBIT margins stood at 2.8% of revenue and grew by 19.3% on Q-t-Q basis. 700 IT Enabled Owned Offices • Margins improvement to continue with focus on v
Slide 17: TCI Supply Chain Division
TCI Supply Chain Division Key Operational Highlights 12 Mn. Sqft. • Revenue was flattish amid spiraling Warehousing Area Managed downward trends in automotive sector and other consumption driven sectors. 4,000 (1350) • EBIT margins are stable and stood at 7 % Fleet in operations (Owned) • The divisi
Slide 18: TCI Seaways Division
TCI Seaways Division Key Operational Highlights • Revenue grew by 11.3% Q-t-Q basis. amid 6 volume impact specially at West Coast during Cargo Ships the quarter • 6,900 (5600) EBIT margins grew by 15% and stood at 21.3% with better cost leverage Containers in operations (Owned) • Strong positionin
Slide 19: TCI's Joint Ventures
TCI’s Joint Ventures FY19 (FY18 Annual) Figures in Mn Revenue 1894 (1687) 5301(4690) Y-o-Y Growth 12% (23%) 13% (15%) Capital Employed 236 (253) 2096 (1796) Operates on asset-light Focused on auto logistics model Key Operational Building upon its capabilities Highlights in Chemical Logistics a
Slide 20: Division-wise Stand-alone Financial Performance
Division-wise Stand-alone Financial Performance Figures in Mn. Total Total Total # Corp.& Others (2019-20)(Q1) (2018-19)(Q1) (2018-19) Revenue 2987.1 2389.9 736.3 83.2 6196.5 5897.8 25851.4 % Growth 7.4% 1.0% 11.3% NA 5.1% 18.5% 17.0% EBIDTA 103.8 251.6 232.4 49.7 637.5 595.6 2710.5 % of Revenue 3.5
Slide 21: Financial Performance
Financial Performance Debt – Equity Ratio Debt Service Coverage Ratio 3.00 2.85 0.8 2.60 0.68 2.34 0.7 0.63 2.50 2.43 0.58 2.13 0.6 0.54 0.54 1.90 2.00 0.5 0.44 1.50 0.4 0.3 1.00 0.2 0.1 0.50 0 0.00 Return on Capital Employed (ROCE) Earnings per Share (in Rs) 15,000 12,862 12,505 19.0% 16.65 11,409
Slide 22: Market Summary
Market Summary Shareholding Pattern as on 30th June 2019 Market Cap Rs Mn. 23853.4 Debt Rs Mn. 3802.4 2% PROMOTORS 9% 2% Enterprise Value Rs Mn. 27446.5 5% INDIAN PUBLIC P/E Nos 20.0 FOREIGN HOLDINGS EV/EBITDA Nos 10.8 67% BODY CORPORATE 52 Week High Rs/share 375.9 15% MUTUAL FUND 52 Week Low Rs/sha
Slide 23: Financial Results
Financial Results Figures in Mn. Income Statement Balance Sheet Particulars (Rs in Cr.) 2018-19 2018-19(Q1) 2019-20(Q1) Particulars (Rs in Cr.) 2018-19 2018-19(Q1) 2019-20(Q1) 1. Non current Assets Freight 23298.7 5322.0 5649.1 Property, plant and equipment 7050.2 7015.1 6924.5 Right to Use Assets 0
Slide 24: Capital Expenditure Plan FY19
Capital Expenditure Plan FY19 Total Actual 2018-19 2019-20 2019-20(Q1) (FY 2006-07 to Actual Proposed Actual Figures in Mn. 2017-18) Hub Centers & Small 3889.2 463.2 729.0 51.0 warehouses Ships 2501.9 199.1 782.0 0.0 Containers 294.4 381.7 506.0 46.7 Trucks & other vehicles 3696.6 417.1 676.0 21.3 O
Slide 25: Thank You!
Thank You! Cautionary Statement Statements in this “Presentation” describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expres
Transport Corporation of India — Q1 FY2019-20 Earnings Presentation on 6ix