Slide 1: Exchange filing cover letter - Earnings Presentation Q4/FY2018-19
TCIEX~RESS ---L E A D E R IN E X P R E S S --- M ay 24,2019 The N ational S tock E xchange of India Ltd., S S E Ltd. The Listing D epartm ent, The D epartm ent of C orporate S ervices, "E xchange P laza", P hiroz Jeejeebhoy Tow ers, S andra K urla C om plex, S andra (E ast), D alal S treet, M um bai
Slide 2: Q4 FY2019 Earnings Presentation
Q4 FY2019 Earnings Presentation
Slide 3: FY 2019 and Q4 FY2019 Highlights
FY 2019 and Q4 FY2019 Highlights Strong Financial Performance with 15.7% Revenue and 24.7% PAT Growth in FY2019 Rs. 1,024 Cr Rs. 266 Cr 15.7% y-o-y 6.6% y-o-y 45.4% FY 2019 Revenue Q4 FY19 Revenue FY 2019 ROCE Rs. 119 Cr Rs. 34 Cr 31.3% y-o-y 18.9% y-o-y 30.7% Margin 11.6% Margin 12.7% FY 2019 EBITD
Slide 4: Management Commentary
Management Commentary Commenting on the results, Mr. Chander Agarwal, Managing Director, said: I am pleased to report that TCI Express has delivered a strong performance during FY2019. Revenue from operations increased by 15.7% to Rs. 1,024 crores outperforming the industry growth in FY2019. The Com
Slide 5: 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: Business Model (Low volume, high All owned Branches margins) API based back- end Containerized Superior Customer technology Movement Support Services 4 www.tciexpress
Slide 6: 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 40000 Specialized in offering time definite solutions with focus on Tier II and III cities Countries Serviced 202
Slide 7: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Surface Company Express Branches 700+ Priority Domestic Air Express Express Express Services International E Commerce Air Express Reverse Express 6 www.tciexpress.in
Slide 8: 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 9: Financial Performance
Financial Performance Q4 Y-o-Y Q3 Q-o-Q Full Year Y-o-Y Particulars (in Cr) FY2019 FY2018 Growth (%) FY2019 Growth (%) FY2019 FY2018 Growth (%) Income from Operations 265.9 249.3 6.6% 263.2 1.0% 1,023.8 885.1 15.7% EBITDA 33.8 28.4 18.9% 31.0 9.1% 119.0 90.7 31.3% Margin (%) 12.7% 11.4% 11.8% 11.6%
Slide 10: FY 2019 Performance Discussion
FY 2019 Performance Discussion • Revenue growth of 15.7% y-o-y is attributable to higher cargo volume and addition of new customers • EBITDA Margins increased from 10.2% in FY2018 to 11.6% in FY2019 primarily due to: o Improved realization with standardized pricing for customers o Ability to transfe
Slide 11: Leverage Profile
Leverage Profile Particulars (in Cr) Mar-19 Sep-18 Mar-18 Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL) Long Term Debt 2.3 2.5 1.7 Short Term Debt 6.4 38.7 38.2 Total Debt 8.7 41.1 39.8 o Repayment of Debt amounting to Rs 32.9 Cr during FY2019 Less: Cash & Cash Equivalents 17.1 1
Slide 12: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows Continue to Generate Strong Cash Flows 77.5 73.9 58.1 52.3 14.3 11.0 FY2017 FY2018 FY2019 Cash Flow from Operations Free Cash Flows • Track record of consistent generation of cash flows with a focus on enhancing free cash flows • High EBITDA to cash flow
Slide 13: Quarter Performance Trends
Quarter Performance Trends Income from Operations EBITDA and Margins 12.7% 263.2 265.9 249.3 247.6 247.2 11.8% 28.4 33.8 27.0 27.3 31.0 11.4% 11.0% 10.9% Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 PBT and Margins PAT and Margins 32.8 28.9 21.7 26.3 24.8 25.3 17.8
Slide 14: Annual Performance Trends
Annual Performance Trends Income from Operations EBITDA and Margins 1023.8 885.1 119.0 750.3 90.7 11.6% 61.9 10.2% 8.3% FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 PBT and Margins PAT and Margins 111.9 83.8 72.8 56.5 58.4 10.9% 9.5% 37.5 7.5% 6.6% 7.1% 5.0% FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 13
Slide 15: Key Ratios
Key Ratios Return on Equity (%) Return on Capital Employed (%) 45.4% 31.8% 30.7% 40.1% 26.1% 33.3% FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 Net Debt / Equity (x) Interest Coverage Ratio (x) 29.6x 0.14x 0.13x 22.3x 13.1x (0.03)x FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 14 * All numbers in Crores un
Slide 16: 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 17: 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 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 E press Distributio Co pa 8 17 www.tci
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 18 www.tciexpress.in
Slide 20: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 60% 13% India GDP $2.3 TN Road $2,308 Bn Total Logistics Spend $300 Bn 32% Rail Road Transportation $180 Bn Indian 18% Logistics Market $11,285 Bn Un-Organised Segment 95% Split 8% Water 8.5% TCI Express Carries $9 Bn $18,287 Bn 0.1% TCI Express Ma
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 state e ts 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. Wh
Slide 24: TCI Express Limited
TCI EXPRESS LIMITED TCI house, 69 Institutional area, Sector - 32, Gurgaon 122001, Haryana, India P: +91 124 2384090- 4 • E: i fo@tciexpress.i W: www.tciexpress.i • Toll free: 23 www.tciexpress.in