Thomas Cook (india) Limited · NSE:THOMASCOOK
Thomas Cook (india) — Q2 FY21 Earnings Presentation
29 slides from Thomas Cook (india)'s earnings presentation, Nov 12, 2020
Slide 1: Cover letter to stock exchanges
12th November, 2020 The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scri
Slide 2: TCIL Q2 & H1 FY21 Earnings Presentation
TCIL Q2 & H1 FY21 Earnings Presentation Thomas Cook (India) Limited (TCIL) BSE: 500413 | NSE: THOMASCOOK
Slide 3: Table of contents
Table of contents Slide No Thomas Cook India Group at a glance 03-04 Summary: Q2 FY21 06 Update on Business operations • Cost and Cash Management 07- 11 • Business Operations 12-14 Q2 & H1 FY21 Performance 16-18 Supplementary Information 19-26 2
Slide 4: Thomas Cook India Group at a glance
Thomas Cook India Group at a glance Thomas Cook (India) Ltd is a leading integrated Travel and Financial services Company in Integrated business model India, part of the Fairfax group creates value through scale and which owns 65.6% stake in flexibility Thomas Cook India Spread across 25 countries a
Slide 5: Thomas Cook India Group at a glance
Thomas Cook India Group at a glance • Retail & Wholesale Forex • Forex Cards • Outbound Holidays • Domestic • Remittance Destination • Meetings Management Diversified Business • • India MICE Incentives Specialists • International Portfolio • Conference (DMS) • Events & Exhibitions • End to end • Str
Slide 6: Key Highlights
© Key Highlights
Slide 7: Summary: Q2 FY21
Summary: Q2 FY21 • Standalone entity reported a loss of Rs. 38 Mn for Q2 FY21 versus a loss of Rs. 27 Mn in Q1 FY21 • At a consolidated level loss reduced to Rs. 1229 Mn versus Rs. 1361 Mn in Q1 FY21 • Focus on cash conservation & cost optimization resulted in: • At a standalone level Rs. 687 Mn rep
Slide 8: Update on Business operations
Update on Business operations Forex Cost Savings: Q2 & H1 New product Holidays launches FY21 MICE Customer centric Corporate Travel initiatives Cost Savings Target DEI Partnerships DMS Cash, Bank & MF investment details Cost & Cash Addressing the Business Operations Management consumer needs 7
Slide 9: Cost Savings – Q2 FY21
Cost and Cash Cost and Cash Management Management Cost Savings – Q2 FY21 Thomas Cook business across India ROW business Employee Cost Establishment cost Employee Cost Other Expenses 1,053 386 359 1,094 559 223 494 187 163 636 171 458 Q2FY20 Q2FY21 Saving Q2FY20 Q2FY21 Saving Q2FY20 Q2FY21 Saving Q2F
Slide 10: Cost Savings – H1 FY21
Cost and Cash Cost and Cash Management Management Cost Savings – H1 FY21 Thomas Cook business across India ROW business 2,168 Employee Cost Establishment cost Employee Cost Other Expenses 732 2,044 773 1,277 891 397 336 1,160 416 884 357 H1FY20 H1FY21 Saving H1FY20 H1FY21 Saving H1FY20 H1FY21 Saving
Slide 11: Cost Savings Target – FY21
Cost and Cash Cost and Cash Management Management Cost Savings Target– FY21 Thomas Cook business across India Rest of the World businesses Costs (Rs mn) FY20 FY21e Variance FY20 FY21e Variance Payroll & Employee costs 4,067 2,534 -38% 4,230 2,851 -33% Establishment 1,420 781 -45% 1,531 804 -48% Mark
Slide 12: Cash, Bank & MF investment details
Cost and Cash Cash, Bank & MF investment details Management Closing Balance - Rs mn 7,112 9,361 11,766 11,623 1,192 1,407 2,502 2,473 7,953 Rest of World Business 5,920 9,873 9,150 India Business 30-Sep-20 30-Jun-20 31-Mar-20 31-Mar-19 Particulars (INR mn) 30 Sep 2020 30 June 2020 31 March 2020 31 M
Slide 13: Update on Business operations
Update on Business operations Business Operations Forex Holidays • The Foreign Exchange business has delivered over 79000 transactions, registering a gross volume of Rs. 12.1 Bn YTD FY21, with a revenue recovery of • The Holidays business that reopened in phases post May 4th, 43% leveraged pent up d
Slide 14: Update on Business operations: DEI
Update on Business operations Business Operations DEI Q2 FY21 Performance DEI • Despite the impact of the pandemic, DEI has managed to achieve revenue of Rs. 374 Mn in Q2 FY21 Vs Rs. 82 Mn in Q1 FY21. • The region’s largest aquarium, The National Aquarium, Abu Dhabi has • Losses at EBIT level have r
Slide 15: Addressing Consumer needs
Addressing Consumer Update on Business operations needs New product launches Customer centric initiatives • Partnered with PAYBACK India to offer attractive loyalty benefits to its • “Great Indian Journeys” focused on India’s vibrant heritage customers • India’s Hidden Gems aimed to help discover In
Slide 16: Q2 & H1 FY21 Performance
@ Q2 & H1 FY21 Performance
Slide 17: Results – Q2 FY21 Consolidated
Results – Q2 FY21 Consolidated Particulars (Rs. mn) Q2 FY21 Q2 FY20 Shift (%) Particulars (Rs. mn) Q2 FY21 Q2 FY20 Shift (%) Revenue from Operations 1,161.5 16,987.7 (93%) Segment Revenue (a) Financial Services 326.3 759.4 (57%) Other Income* 256.6 475.9 (46%) (b) Travel and Related Services 289.6 1
Slide 18: Results – H1 FY21 Consolidated
Results – H1 FY21 Consolidated Particulars (Rs. mn) H1 FY21 H1 FY20 Shift (%) Particulars (Rs. mn) QH FY21 H1 FY20 Shift (%) Revenue from Operations 2,012.1 40,156.6 (95%) Segment Revenue (a) Financial Services 563.1 1,571.3 (64%) Other Income* 714.7 657.4 9% (b) Travel and Related Services 640.0 34
Slide 19: Management comments- Q2 FY21
Management comments- Q2 FY21 Mr. Madhavan Menon, Chairman and Managing Director, Thomas Cook (India) Ltd., said, “At the TCIL Group, we have navigated through the worst phase of the global pandemic with a balance of prudent cost management, cash conservation and focused, sustainable business activit
Slide 20: Supplementary Information
Supplementary Information • Portfolio Investment • Sterling Holiday Resorts Limited 19
Slide 21: Portfolio Investments – Vacation Ownership & Resorts
Portfolio Investments – Vacation Ownership & Resorts Key Indicators FY 17 FY 18 FY19 FY20 H1FY21 Key Highlights – Q2 New members additions 5,295 4,065 2,985 3,253 260 • The process of opening up of resorts began in (Nos) Q2 basis government easing restrictions; at Cumulative member base 80,036 84,10
Slide 22: Current Resort Network (2200+ Operational rooms)
Current Resort Network (2200+ Operational rooms) Riverfront & Jungle Beach Mountain Heritage Anaikatti (L) Corbett (L) Puri (O) Dharamshala (L) Palavelli (L) Sariska (MC) Goa (L) Manali (O) Guruvayur (MC) Thekkady (MC) Karwar (L) Mussoorie ((O) Jaipur (MC) Kanha (L) Nainital (L) Kufri (L) Gangtok (M
Slide 23: Supplementary Information
Supplementary Information • COVID-19 Response 22
Slide 24: Innovation & Reimagining Business
Innovation & Reimagining Business The company has taken several measures adapting to the new normal by re-imagining businesses and capabilities with a primary focus on ensuring health and safety at every stage FOREX MICE Holidays Business Travel Re-imagine Focus on Domestic destinations Omni Cha
Slide 25: Entrenching technology for perpetuity in savings
Entrenching technology for perpetuity in savings Tech enabled customer journey Leverage & Enhance Existing technology Thomas Cook India group has been consistently driving its agenda Interact towards automation and digitalization This created a strong foundation to implement additional Contact
Slide 26: Driving Business through Digitization
Driving Business through Digitization Accelerated deployment of end to end Digital solutions & processes completed across business lines to ensure seamless delivery of contactless, scalable, secure solutions to customers in line with the new normal 25
Slide 27: Employee Wellbeing
Employee Wellbeing Emphasis on Employee health and safety remained key. Work From Home being continued with seamless remote working provisions High frequency employee engagement, constant training and upskilling sessions conducted across functions and teams Safety driven approach to Reopening br
Slide 28: Contact Us
Contact Us For further information please contact Debasis Nandy Urvashi Butani President and Group CFO General Manager- Investor Relations Tel: +91 22 4242 7000 Tel: +91 22 4242 7095 Email: Debasis.Nandy@in.thomascook.com Email: Urvashi.Butani@in.thomascook.com Corporate Identification No: L63040MH1
Slide 29: Disclaimer
Disclaimer This presentation has been prepared by Thomas Cook (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or dissemi