Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — H1 FY2020-21 Earnings Presentation
27 slides from Transport Corporation Of India's earnings presentation, Nov 3, 2020
Slide 1: Intimation under Regulation 30 to stock exchanges
03rd November, 2020 Listing Department, Listing Department, The National Stock Exchange of India Ltd., Bombay Stock Exchange Ltd., “Exchange Plaza”, Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street Mumbai – 400051 Mumbai-400 001 Scrip Symbol: TCI Scrip Code: 532349 Sub: In
Slide 2: Earnings Presentation FY 2020-21 (H1)
Earnings Presentation FY 2020-21 (H1)
Slide 3: Group Information
Group Information 1958 $650 Mn 2.5% Year of Establishment Group Revenue Moving India’s GDP 6,900+ 1,400+ 12,000 Employee Strength IT Enabled Own Offices Trucks in Operations © 2020 TCI 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 Over-dimensional modal solutions. cargo services Demerged in 2016 , through Road, Rail undertakes time sensitive & Sea. JV with Mitsui & Co (51%) f
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. Ashish Bharat Ram Non-executive independent director Mr. Vijay Sankar Non-executive independent director Mr. S Madhavan Non-executive indep
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 Barriers Low Medium High High High Semi- Industry Structure Fragmented Organized Organized Organized Organized Estimated Market 100 10 16 6 1 Size (Bn USD) Estimated CAGR 10% 10% 12% 18% 10% EBDITA Margins % 2-4% 8-11% 3-6% 8-12% 25-35% TCI TCI’s pre
Slide 8: Managing the Impact in Current conditions
Managing the Impact in Current conditions Extending support Health and safety Digital connect Morale boosting to partners and measures across with customer of employees other industry all workplaces players Central Task forces to Continuing connect Regular virtual meetings, implement & audit SOP wit
Slide 9: Logistics Sector growth drivers
Logistics Sector growth drivers Short to Medium term drivers Long term drivers • Specific sector boost: Agriculture, • Increasing shift to domestic food processing, pharma and supply chains & advent of global chemicals value chains to India • Increase demand for • Changing consumer trends: warehousi
Slide 10: Key company USPs
Key company USPs Technology driven operations Unique Positioning of 3PL/4PL SCM Business Capability to offer both LTL & FTL at National Level Complex supply chain designing and solutions Large-scale modern warehousing =TC/ LEADERS IN LOGISTICS © 2020TCI
Slide 11: Complex Supply Chain Design & Execution
Complex Supply Chain Design & Execution Typical Example: Automotive Supply Chain •Supplier to Plant Finished • Bonded Production • 3PL Services Warehousing Plant Plant Support Goods & •DC/FC Logistics •Domestic and Efficiency •4 PL Services Services Logistics Aftermarket •LMD Global JIT (Just in Tim
Slide 12: Unique Positioning of 3PL/4PL SCM Business
Unique Positioning of 3PL/4PL SCM Business Internal Customer’s Management & Prospective Gross Margins Control • Optimum controls on • Optimum as moderate • Better as able to control pricing SCS Div.'s Moderately Asset Heavy Model operations and hence better ownership of assets enable us to and some
Slide 13: Multimodal Transportation
Efficient use of various Multimodal transportation-mode Transportation for seamless movement ICD Khatuwas/Dadri Mundra Port Kandla Port Vendors/ ICD Whitefield Suppliers Mangalore Port Chennai Moveme Port nt by Road Moveme nt by Rail Kochi Port Moveme Port Blair nt by Sea Integration of EWB Tuticori
Slide 14: Large-scale Modern Warehousing
Large-scale Modern Warehousing Auto Retail & CP Hi-tech Chemicals Healthcare Cold Chain E Commerce Yards Warehousing Cross dock operations TCI covers 12 million sq. feet of warehousing space – owned/ long leased/ customer owned © 2020 TCI 13
Slide 15: Largest player having both LTL and FTL capabilities at National Level
Largest player having both LTL and FTL capabilities at National Level Presence across India with IT enabled 25 Hub centers and 700+ Branch network Hub Centers Centralized Vehicle tracking through GEO Fencing System , and customer service by quick response team. On demand use of Foldable large contai
Slide 16: Technology Driven operations
Technology Driven operations © 2020 TCI 15
Slide 17: FY21 H1 Standalone Highlights
FY21 H1 Standalone Highlights Figures in Mn. 15,000 12,500 700 12,182 12,562 600 10,000 500 630 10,253 541 9,561 400 7,500 8,820 431 418 300 348 5,000 200 100 2,500 - FY17_H1 FY18_H1 FY19_H1 FY20_H1 FY21_H1 FY17_H1 FY18_H1 FY19_H1 FY20_H1 FY21_H1 Revenue Growth PAT Growth -23.8% (FY21 H1) -33% (FY20
Slide 18: Division-wise Stand-alone Financial Performance
Division-wise Stand-alone Financial Performance Figures in Mn. Total Total Total # Corp.& Others (2020-21_H1) (2019-20_H1) (2019-20) Revenue 4358 3517 1517 168 9561 12562 25417 % Growth -27.9% -26.7% -1.2% -7.8% -23.9% 3.1% -1.7% EBIDTA 153 372 372 130 1027 1286 2617 % of 3.5% 10.6% 24.5% 76.9% 10.7
Slide 19: TCI Freight Division
TCI Freight Division Key Operational Highlights 3,500 (120) Particulars Q2 FY21 Q2 FY20 Gr% H1FY21 H1FY20 Gr% Trucks & Trailers in operation (owned) Revenue 2781 3057 -9.0% 4358 6044 -27.9 EBDITA 114 111 2.7% 153 215 -28.7 700 % to Revenue 4.1% 3.6% 3.5% 3.6% IT Enabled Owned Offices EBIT 98 91 7.7%
Slide 20: TCI Supply Chain Division
TCI Supply Chain Division Key Operational Highlights Particulars Q2 FY21 Q2 FY20 Gr% H1FY21 H1FY20 Gr% 12 Mn. Sqft. Revenue 2465 2410 2.3% 3517 4799 -26.7% Warehousing Area Managed EBDITA 254 245 3.6% 372 497 -25.1% % to Revenue 10.3% 10.2% 10.6% 10.4% 4,000 (1020) EBIT 163 160 1.8% 195 328 -40.1% F
Slide 21: TCI Seaways Division
TCI Seaways Division Key Operational Highlights 7 Particulars Q2 FY21 Q2 FY20 Gr% H1 FY20 H1 FY19 Gr% Revenue 873 799 9.3% 1517 1535 -1.2% Cargo Ships EBDITA 244 224 8.9% 372 457 -18.6% % to Revenue 28.0% 28.1% 24.5% 29.7% 7,650 (6350) EBIT 155 145 6.8% 195 302 -35.4% Containers in operations (Owned
Slide 22: TCI's Joint Ventures
TCI’s Joint Ventures Figures in Mn FY21_H1 (FY20) Revenue 1157 (5301) 1505 (1890) 147 (258) Y-o-Y Growth 68.7% (-0.1%) 21.8%(372.8%) -52.2% (13%) Capital Employed 305 (236) 261 (250) 2354 (2383) Operates on asset- Cold chain services to Focused on light model cater temperature automotive logistics c
Slide 23: Financial Performance
Financial Performance Debt – Equity Ratio Debt Service Coverage Ratio 0.8 3.50 0.68 0.7 0.63 3.00 2.85 2.87 0.6 0.54 2.60 0.5 2.50 0.43 2.50 2.34 0.4 0.30 0.3 2.00 0.2 0.1 1.50 0 1.00 Return on Capital Employed (ROCE) Earnings per Share (in Rs) Chart Title 20.00 15,000 16.65 13,477 24.0% 16.46 12,86
Slide 24: Standalone Financial Results
Standalone Financial Results Figures in Mn. Income Statement Balance Sheet Particulars (Rs in Cr.) 2019-20 2019-20_H2 2020-21_H2 Particulars (Rs in Mn.) 2019-20 2019-20_H2 2020-21_H2 1. Non current Assets Freight 22853.6 11364.8 8325.1 Property, plant and equipment 7282.2 6658.9 7168.2 Other Sales &
Slide 25: Market Summary
Market Summary Market Cap on 30 Sep 20 Rs Mn. 17790 Shareholding Pattern as on 30th 11% 5% September 2020 Debt Rs Mn. 3013 Enterprise Value Rs Mn. 20608 2% PROMOTORS P/E Nos 21 2% INDIAN PUBLIC EV/EBITDA Nos 10 13% 67% FOREIGN HOLDINGS BODY CORPORATE 52 Week High Rs/share 312 MUTUAL FUND 52 Week Low
Slide 26: Capital Expenditure Plan FY21
Capital Expenditure Plan FY21 Total Actual 2019-20 2020-21 2020-21 H1 (FY 2006-07 to Actual Estimated Figures in Mn. 2018-19) Hub Centers & Small 4352.4 151.5 350 117.5 warehouses Ships 2701.0 509.0 400 0 Containers 676.1 186.7 280 112.1 Trucks & other vehicles 4113.7 240.9 340 65.5 Others (W/H Equi
Slide 27: Cautionary Statement
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 expressed or impl
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