Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — Q4 FY23 Earnings Presentation
27 slides from Transport Corporation Of India's earnings presentation, May 19, 2023
Slide 1: Exchange intimation letter under Regulation 30
19th May, 2023 The National Stock Exchange of India Ltd., BSE Ltd. The Listing Department, The Department of Corporate Services, “Exchange Plaza”, Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Scrip Symbol: TCI Scrip Code: 532349 Dear
Slide 2: Earnings Presentation Q4 FY23
Earnings Presentation Q4 FY23 19th May 2023
Slide 3: TCI Consolidated Overview
TCI Consolidated Overview *per month TCI 6+ $500+ 1800+ In Millions Decades of Train Experience Revenue movement Supply Seaways Freight Div. Chain Div. 160 Refer Vehicles+ Div. 650+ 13K+ 8K+ TCI Cold Cold Pallets TCI CONCOR ISO Containers positions GP Containers Chain 3.5K+ 1K+ 10K TCI Transystem Ba
Slide 4: Logistics industry Growth drivers
Logistics industry Growth drivers Consumer Driven Customer Driven Industry Driven Regulatory & Government Initiatives • Growth of omni • Focus on core area • Large market • Infrastructure push channel retail of business leading market PM Gati Shakti, prompting supply to increased opportunity Bharat
Slide 5: Company Strategy: Everything Logistics
Company Strategy : Everything Logistics Presence Across All Wide Range Of Industry Sectors Services Key Technology & Automation Strong Multimodal Driven Operations USPs Capabilities & Network Unique Positioning To Incubate High Growth Segments Everything Logistics | 4
Slide 6: Wide Range of Customized Services
Wide Range of Customized Services • LTL/FTL Verticals Served/ Products • Warehousing • Automobiles • E-Commerce • Port Logistics • Retail and CP • Chemicals • Freight Forwarding • Coastal Shipping • Hi-tech (ICE) • Industrial & • Domestic Rail: Container & Auto Products / Services • Healthcare/ Engi
Slide 7: Strong Multimodal Capabilities & Network
Strong Multimodal Capabilities &Network Serving multiple sectors , Agri, Metals, Chemical, Automotive etc Incl. Cross border movements 6 Own Ship 3 Own Auto Rail Rakes 8000+ Own GP containers 60 Yards Managed 650+ ISO TTR 55 Terminal managed TEUs handled: Full Rail rake movements: 127298 (FY22) 1194
Slide 8: Unique Positioning to incubate High Growth Segments
Unique Positioning to incubate High Growth Segments Chemical + Agri. ++ Renewables Cold Chain SAARC Pharma • China +1 Supply • 16% of GDP in the • Increasing • Growth in the • Increasing bilateral chain outlook farm & food sector awareness on organized food trade between • Government push • Consumpt
Slide 9: Technology Driven Operations
Technology Driven Operations Security & Business Continuity Value Based Relationship • Endpoint Detection and Response • Customer Relationship Management • Advance Threat Protection • Supplier Relationship Management • Network & Web Application Firewall • Order Management System • SSL, Security Prot
Slide 10: Presence across all industry sectors
Presence across all industry sectors capturing most of economic activities • Increasing Government spend on infrastructure Engineering and Industrial • Growth in size of GDP • PLI, 100% FDI in select sectors Metals and Construction Material • Increasing Investment in Core sector • Infrastructure dev
Slide 11: Consolidated Revenue in Mn
Key Highlights Consecutively highest quarter amidst strong sectorial trends. Company’s well-diversified service offerings, multi sectorial presence and adherence to core business fundamentals have contributed to our consistent growth Our net borrowing remained at zero with additional cash surp
Slide 12: TCI Freight Division: Industry nature and trends
TCI Freight Division: Industry nature and trends Industry Growth Drivers • USD 180 B Freight Transport Market, • Need for FTL & LTL from a single provider highly fragmented and unorganized • Anywhere to anywhere model • LTL Freight Transport Market, relatively organized with 15% share • Control Towe
Slide 13: TCI Freight Division: Core competencies and capabilities
TCI Freight Division: Core competencies and capabilities Network/Infrastructure Large Network • Large pool of truck supplier/ partner to support Hub Centers asset light model • Trucks operated 4500 • 700+ IT enabled offices • 25 strategic hub locations to support single window for FTL and LTL • Frei
Slide 14: TCI Freight Division: Key Operational Highlights
TCI Freight Division: Key Operational Highlights Figures in Mn • Moderate Growth in Q4 on an elevated base, however overall, 16% growth momentum amidst improved economic activities Particulars Q4 FY23 Q4 FY22 Gr% FY23 FY22 Gr% and higher volumes from large customers Revenue 4217 3906 8.0% 15970 1371
Slide 15: TCI Supply Chain Division: Industry nature and trends
TCI Supply Chain Division: Industry nature and trends Industry Industry Nature Growth Growth Drivers Drivers • Higher demand for integrated and • Market Size USD 12 Bn customized solutions • Relatively less fragmented with higher • Supply chain network optimization organized market especially in war
Slide 16: TCI Supply Chain Division: Core competencies and capabilities
TCI Supply Chain Division: Core competencies and capabilities • Full-stack integrated offering 4K+ Own: 1K 55 from Conceptualization, Design, Vehicles under Yards to execution Operation managed • High warehouse space utilization 750 Mn 100+ by expanding vertically Parts handled in Production Logisti
Slide 17: TCI Supply Chain Division: Key Operational Highlights
TCI Supply Chain Division: Key Operational Highlights Figures in Mn Particulars Q4 FY23 Q4 FY22 Gr% FY23 FY22 Gr% • Growth momentum continued amidst retention and Revenue 3303 2552 29.4% 12763 10015 27% expansion of business with existing clients and new business acquisitions EBDITA 322 292 10.2% 12
Slide 18: TCI Seaways: Industry nature and trends
TCI Seaways: Industry nature and trends Industry Growth Drivers Waterways : Jal Marg Vikas Project 6% of transportation modal mix Rs. 5369 crore Coastal Air 1% Inland Coastal Shipping to 6% 0.3% Increase from 86MMT Rail to 215MMT by 2025 33% Road 60% The Sagar mala Project • US$120 billion • GOI pus
Slide 19: TCI Seaways Division: Core competencies and capabilities
TCI Seaways Division: Core competencies and capabilities Reach & Services • One of the leading multimodal coastal players having presence along the Western, Eastern & Southern ports of India • Expertise in coastal shipping services, container & bulk cargo movements, and transportation services • Fir
Slide 20: TCI Seaways Division: Key Operational Highlights
TCI Seaways Division: Key Operational Highlights Figures in Mn • Growth Subdued amid lower freight rates and falling fuel prices Particulars Q4 FY23 Q4 FY22 Gr% FY23 FY22 Gr% during second half • Margins impact due to high depreciation and lower Exim business Revenue 1395 1542 -9.5% 5593 5332 5% Fue
Slide 21: TCI's Joint Ventures
TCI’s Joint Ventures Figures in Mn FY23 (FY22) Revenue 3047 (3010) 601 (587) 6920 (4670) Y-o-Y Growth 1.2% (-7.1%) 2.4% (62.5%) 42.5% (29.9%) PAT 54.9 (56.1) 28.2 (27.6) 821 (540) Capital Employed 314 (419) 360 (336) 3109 (2924) Strategic Partner’s Share 49% 20% 51% Operates on asset- Cold chain ser
Slide 22: Financial Highlights
Financial Highlights CONSOLIDATED Figures in Mn STANDALONE 45000 40000 19.0% 16.4% 35000 36000 34925 38129 30000 Revenue 27000 32766 25000 29357 9.5% 20000 11.8% 18000 15000 10000 9000 9053 9915 5000 8057 9011 0 0 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 5600 9.3% 11.2% 4900 4800 4986 420
Slide 23: Consistent performance: Key financial Indicators
Consistent performance: Key financial Indicators Figures in Mn EV/EBIDTA Return on Capital Employed 12.0 11.0 11.0 48% 10.3 14000 13231 13459 10.0 40% 12686 12690 12631 8.0 32% 8.0 12000 6.0 24% 6.0 24.6% 26.1% 10000 16% 4.0 16.1% 14.2% 15.0% 8% 2.0 8000 0% 0.0 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY2
Slide 24: Market Summary
Market Summary Particulars UOM 31st Mar 23 Shareholding Pattern as on 31st Mar 2023 Market Cap Rs Mn. 48,698 2% Debt Rs Mn. 846 1% 3% 11% Cash equivalents Rs Mn (1561) Enterprise Value Rs Mn. 47,983 13% P/E Nos 16.1 EV/EBITDA Nos 10.2 69% 52 Week High Rs/share 845 52 Week Low Rs/share 555 400% 20% P
Slide 25: Corporate Governance: Social Responsibility
Corporate Governance: Social Responsibility Environmental Social Governance E पयावरण S सामािजक G शासन • Eco-friendly workplaces, Solar Panel • Road safety and health initiatives • Strong and diverse Board use at warehouses. across 9 states impacted more than • Published BRSR in FY22 voluntarily, • P
Slide 26: Outlook
Outlook • Demand momentum to continue but at a slower pace • Headwinds of the global recession on domestic manufacturing , sub-optimal Monsoon and distressed rural demand etc. • Revenue and Profit growth of 10%-15% Figures In Mn. • Spill over effect of Capex Actual FY 23 FY24 (FY07 to Actual Budget
Slide 27: Thank You!
Thank You! Transport Corporation of India Limited TCI House, 69 Institutional Area Sector 32, Gurugram - 122001 Tel.: +91 - 124 - 2381603-07 | Fax: +91 - 124 - 2381611 E-mail Id: finance.mis@tcil.com | Website: www.tcil.com CIN: L70109TG1995PLC019116
Transport Corporation of India — Q4 FY23 Earnings Presentation on 6ix