Vrl Logistics Ltd. · NSE:VRLLOG
Vrl Logistics — Q3 FY2020 Earnings Presentation
19 slides from Vrl Logistics's earnings presentation, Feb 8, 2020
Slide 1: Submission of Earnings Presentation cover letter
VRL LOGISTICS LTD Corporate Oftiae : Giriraj Annexe Circuit House Road HUBBAIII - 580029 Karnataka State Phone : 0836 2237511 Fax . 0A36 2256612 e-mail : headoffice@vrllogistic!.com To, BSE Limited National stock Exchange of lndia limited Phiroze JeejeebhoY Towers Exchante Plaza, Plot No.C/l, G-Bloc
Slide 2: VRL Financial Results - Q3 2019-20 Earnings Presentation
VRL Financial Results - Q3 2019-20 Earnings Presentation FEBRUARY 08, 2020 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 24.86 billion (as on 31st December, 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 4525 owned Goods transp
Slide 5: Market Leader in LTL segment
Market Leader in LTL segment Operations : 22 States,5 Union Territories, 693 Branches 177 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 4525 owned vehicles as on Enables us to significantly control hiring December 31, 2019. and operational costs 4255 (94%) debt free vehicles Higher payload per vehicle for LTL consignments Wide range of vehicles Enables us to cover a large
Slide 8: Notes to 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 nine months results
The impact of adopting Ind AS 116 on the financial results for the Nine months ended 31st December 2019 is as follows: Nine Months Nine Months Particulars ended ended Increase/ Transport of Goods Bus Sale of 31.12.2019 31.12.2019 (Decrease) passengers (INR in lakhs) Transport Operations Power (Erstw
Slide 10: Ind AS 116 impact on assets and liabilities
Particulars Year ended Ind AS 116 Year ended ROU Assets DTA Lease Net Impact 31 December Impact 31 December 2019 Impact equalisation (INR in lakhs) 2019 (pre Ind AS (post Ind AS 116) 116) (Audited) Assets a) Goods transport 65638.91 20737.01 86375.92 20737.01 - 20737.01 - b) Bus operations 6481.16 1
Slide 11: Consolidated financial results
Total Income at 55964.13 lakhs Total Income at 162859.33 lakhs EBITDA Margins at 14.66% EBITDA Margins at 15.32% EBIT Margins at 7.37% EBIT Margins at 7.81% PBT Margins at 5.83% PBT Margins at 6.20% PAT Margins at 4.61% PAT Margins at 5.40% Consolidated (INR Q3 FY20 Q2 FY20 Q3 FY19 9MFY20 9MFY19 FY1
Slide 12: Goods Transport
(INR in lakhs) Goods Transport Quarter ended Nine Months ended Year ended 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 45263.93 43202.36 44024.66 130805.31 126944.19 168601.88 EBITDA 6077.0
Slide 13: Bus Operations
(INR in lakhs) Bus Operations Quarter ended Nine Months ended Year ended 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 9466.27 7451.02 10320.4 27312.82 29154.27 38032.74 EBITDA 1696.20 463.5
Slide 14: Sale of Power
(INR in lakhs) Sale of Power Quarter ended Nine Months ended Year ended 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 226.46 958.13 266.3 1668.51 1976.15 2208.51 EBITDA 68.40 824.20 102.26 1
Slide 15: Transport of Passengers by Air
(INR in lakhs) Transport of Passengers by Air Quarter ended Nine Months ended Year ended 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 523.24 514.92 244.52 1556.73 828.61 1072.22 EBITDA 24.8
Slide 16: Key developments in 9MFY20
Procurement of Bio-fuel @ 31.15% of total quantity in 9MFY20 ( 31.42% in Q1-20, 33.07% in Q2-20, 29.1% in Q3- 20). Bio-fuel quantity increased by 10.34% in 9MFY20, as compared to 20.81% of total quantity in 9MFY19. Addition of 202 goods transport vehicles in 9MFY20 (15 tons and above - 164 vehic
Slide 17: Reduced Leverage – Comfortable debt levels
Net Debt to Equity Gearing Ratio 24501 17396 6278 12880 9588 32.28% 24.32% 16.62% 0.5 9.57% 0.3 0.2 0.1 0.1 FY16 FY17 FY18 FY19 Q3 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 Registered) Public 4.48% Financial Institutions/ 0.02% Banks 0.03% Others 1.34% Foreign Portfolio Investors 4.95% Mutual Funds 21.13% Promoters 68.05% 17
Slide 19: For further discussions/queries please contact
For further discussions/queries please contact : Sunil Nalavadi Chief Financial Officer +91 93425 59298 cfo@vrllogistics.com