Vrl Logistics Ltd. · NSE:VRLLOG
Vrl Logistics — Q2 FY2019-20 Earnings Presentation
19 slides from Vrl Logistics's earnings presentation, Nov 9, 2019
Slide 1: Submission of Earnings Presentation to stock exchanges
VRL LOGISTICS LTD Corporate Office : Giriraj Annexe Circuit House Road HUBBAIII - 580029 Karnataka State Phone : 0836 2237511 Fax : 0836 2256612 e-mail : headoffice@vrllogistics.com To, BSE Limited National Stock Exchange of lndia Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No.C/!, G-Bloc
Slide 2: VRL Financial Results - Q2 2019-20 Earnings Presentation
VRL Financial Results - Q2 2019-20 Earnings Presentation November 09, 2019 1
Slide 3: • Certain statements contained in this document may be statements of future expectations/forward
• 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 25.01 billion (as on 30th September, 2019). A pre dominantly parcel delivery service provider (70.21% of total Revenue for FY19) with pan–India last mile connectivity operating through a fleet of 4473 owned Goods trans
Slide 5: Market Leader in LTL segment
Market Leader in LTL segment Operations : 22 States,5 Union Territories, 699 Branches 183 Agencies 47 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 6: Own Vehicle Numbers
Own Vehicle Numbers Car Available Total 0.5 tons to 2.5 tons to 7.5 tons and Tanker Cranes TOTAL As of Carrier Capacity Vehicles BUSES 2.5 tons 7.5 tons above (2) (3) FLEET (1) (tons) Owned 31-Mar-16 119 982 2639 102 49861 17 13 3872 381 4253 31-Mar-17 117 969 2723 102 52099 17 13 3941 419 4360 31-M
Slide 7: Goods transportation fleet and significance of own vehicles
Goods transportation fleet Significance of own vehicles 4473 owned vehicles as on Enables us to significantly control hiring September 30, 2019. and operational costs 4283 (96%) debt free vehicles Higher payload per vehicle for LTL consignments Wide range of vehicles Enables us to cover a larg
Slide 8: Notes to the financial results
1. The financial results are prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) (amended) as prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies, as applicable. 2. The financial results were reviewed
Slide 9: Impact of adopting Ind AS 116 on half year results
The impact of adopting Ind AS 116 on the financial results for the half year ended 30 September 2019 is as follows: Half Year Half Year Particulars ended ended Increase/ Transport of Goods Bus Sale of 30.09.2019 30.09.2019 (Decrease) passengers (INR in lakhs) Transport Operations Power (Erstwhile (A
Slide 10: Ind AS 116 impact on assets and liabilities
Particulars Year ended Ind AS 116 Year ended ROU Assets DTA Lease Net Impact 30 September Impact 30 September 2019 Impact equalisation (INR in lakhs) 2019 (pre Ind AS (post Ind AS 116) 116) (Audited) Assets a) Goods transport 64875.03 22285.59 87160.62 22285.59 - 22285.59 - b) Bus operations 7109.70
Slide 11: Consolidated financial results
Total Income at 52691.69 lakhs Total Income at 106895.20 lakhs EBITDA Margins at 14.47% EBITDA Margins at 15.67% EBIT Margins at 6.61% EBIT Margins at 8.05% PBT Margins at 4.94% PBT Margins at 6.40% PAT Margins at 6.59% PAT Margins at 5.82% Consolidated (INR Q2 FY20 Q1 FY20 Q2 FY19 H1FY20 H1FY19 FY1
Slide 12: Goods Transport
(INR in lakhs) Goods Transport Quarter ended Half Year ended Year ended 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 43202.36 42339.02 41927.70 85541.38 82919.53 168601.88 EBITDA 5847.36 62
Slide 13: Bus Operations
(INR in lakhs) Bus Operations Quarter ended Half Year ended Year ended 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 7451.02 10395.53 8109.93 17846.55 18833.87 38032.74 EBITDA 463.52 2054.59
Slide 14: Sale of Power
(INR in lakhs) Sale of Power Quarter ended Half Year ended Year ended 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 958.13 483.92 1165.34 1442.05 1709.85 2208.51 EBITDA 824.20 305.22 987.38
Slide 15: Transport of Passengers by Air
(INR in lakhs) Transport of Passengers by Air Quarter ended Half Year ended Year ended 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 514.92 518.57 255.89 1033.49 584.09 1072.22 EBITDA 165.07
Slide 16: Key highlights and developments in H1 FY20
Procurement of Bio-fuel @ 32.25% of total Quantity in H1FY20 ( 31.42% in Q1-20 & 33.07% in Q2-20). The Bio- fuel quantity increased by 9.54% in H1FY20, as compared to 22.71% of total quantity in H1FY19. Addition of 93 goods transport vehicles in H1FY20 (15 tons and above - 82 vehicles, 1 ton to
Slide 17: Net debt, gearing and return metrics
Net Debt to Equity Gearing Ratio 24501 17396 6278 12880 8596 32.28% 24.32% 16.62% 0.5 9.57% 0.3 0.2 0.1 0.1 FY16 FY17 FY18 FY19 Q2 FY20 FY16 FY17 FY18 FY19 Net debt position (Lakhs) – excludes Net debt/Equity(x) Ind AS 116 lease liability Return metrics Note : Debt for the above purpose includes non
Slide 18: Shareholding pattern
NBFC( RBI Public, 4.74% Financial.Institutes/ Registered), 0.02% Banks, 0.03% Others, 1.34% Foreign Portfolio Investors, 5.47% Mutual Funds, 20.34% Promoters, 68.05% 17
Slide 19: Thanking You
THANKING YOU For further discussions/queries please contact : Sunil Nalavadi Chief Financial Officer +91 93425 59298 cfo@vrllogistics.com