Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q1 FY2021 Earnings Presentation
25 slides from Tci Express's earnings presentation, Jul 24, 2020
Slide 1: Intimation under Regulation 30 to stock exchanges
TCIEX;:IRESS ---l EADER IN EXPRE SS--- July 24, 2020 To, Listing Department Listing Department BSELimited National Stock Exchange of India ltd., Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Siock G, Dalal Street- Sandra Kurla Complex, Mumbai- 400001 Sandra (E) Mumbai - 400 051 Scrip Code: 540212 S
Slide 2: Q1 FY2021 Earnings Presentation
Q1 FY2021 Earnings Presentation
Slide 3: Q1 FY2021 Highlights
Q1 FY2021 Highlights Positive EBITDA and PAT despite lockdown restrictions and disruption of business activities due to Covid-19 Key Highlights: Rs. 89 Cr Rs. 4 Cr ▪ Q1 FY21 was impacted due to the outbreak of Covid-19. With nationwide lockdown and new regional lockdowns in (65.4)% y-o-y Margin 3.9%
Slide 4: Management Commentary
Management Commentary Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “The first quarter of FY2021 was expected to be worst impacted by the COVID-19 pandemic due to nationwide lockdown in the month of April and partial lockdown in the month of May. The complete or partial cl
Slide 5: Covid-19 | Timeline and Impact
Covid -19 | Timeline and Impact Nation wide lockdown Additional sectors Categorization of regions With unlockdown, has brought the logistics exempted in non-Covid on basis of containment economic activity began sector to a halt and hotspots under scale – and upliftment of to revive in staggered disr
Slide 6: Covid-19 | Managing the Impact on Business
Covid - 19 | Managing the Impact on Business TCI Express : Safety measures for Employees and Vendors Offices Promotion of Sanitization and Employee Mask and Extending Work from operating with digital social distancing screening at sanitizer support to home limited communication at workplaces regular
Slide 7: 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 40,000 Specialized in offering time definite solutions with focus on Tier II and III cities Countries Serviced 202
Slide 8: Why TCI Express?
Why TCI Express? Ranked 402 in Top 500 Companies based on Market Cap, as on March 31, 2020 Asset Light High Value Cargo No Franchise: Lowest Cost Business Model (Low volume, high All owned Structure margins) Branches API based back- Containerized Superior end technology Movement Customer Support Ser
Slide 9: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Surface Company Express Branches 800+ Priority Domestic Air Express Express 500+ Express Services International E Commerce Air Express Reverse Express 8 www.tciexpress.in
Slide 10: Strategy and Outlook
Strategy and Outlook Revenue Growth Impacted due to overall economic slowdown however it is minimized with: ❑ 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.
Slide 11: Financial Performance
Financial Performance Q1 FY21 Y-o-Y Q4 FY20 Q-o-Q Full Year Y-o-Y Particulars (in Cr) FY2021 FY2020 Growth (%) FY2020 Growth (%) FY2020 FY2019 Growth (%) Income from Operations 88.7 256.2 (65.4)% 237.9 (62.7)% 1,032.0 1,023.8 0.8% Other Income 1.5 0.7 1.2 4.4 3.2 Total Income 90.2 256.9 (64.9)% 239.
Slide 12: Q1 FY2021 Performance Discussion
Q1 FY2021 Performance Discussion • Total Income declined to Rs. 90 Crores vs Rs. 257 Crores in Q1 FY20 due to Covid-19 related lockdown restrictions which resulted in low volumes in April and May • Positive EBITDA and margins of 3.9% were achieved even at the worst of the pandemic: o Effective cost
Slide 13: Quarter Performance Trends
Quarter Performance Trends Total Income EBITDA and Margins 271.1 269.2 35.2 256.9 239.1 30.3 32.3 27.9 13.1% 11.8% 11.9% 90.2 11.7% 3.5 3.9% Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 PBT and Margins PAT and Margins 32.9 28.3 30.2 25.5 26.1 25.5 18.4 19.0 1.3 0.9
Slide 14: Annual Performance Trends
Annual Performance Trends Total Income from Operations EBITDA and Margins 1,027.0 1,036.3 887.2 122.2 125.7 751.6 92.7 63.3 11.9% 12.1% 10.5% 8.4% FY2017 FY2018 FY2019 FY2020 FY2017 FY2018 FY2019 FY2020 PBT and Margins PAT and Margins 89.1 111.9 117.0 72.8 83.8 58.4 56.5 10.9% 11.3% 37.5 9.4% 7.5% 8
Slide 15: Key Ratios
Key Ratios Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 42.8% 4.0 38.2% 38.0% 3.0 31.5% 2.5 1.6 16.3% 16.4% 15.8% 17.2% FY2017 FY2018 FY2019 FY2020 FY2017 FY2018 FY2019 FY2020 Return on Equity (%) Current Ratio (x) 31.8% 30.7% 29.5% 26.1% 2.52x 1.69x 1.86x 1.35x FY2017 FY2018
Slide 16: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 60% 14% India GDP $2.7 TN Road $2,726 Bn Total Logistics Spend $360 Bn 31% Rail Road Transportation $210 Bn Indian 15% Logistics Market $13,608 Bn Un-Organised Segment 95% Split 9% Water 8% TCI Express Carries $10 Bn $20,494 Bn 0.1% TCI Express Mar
Slide 17: 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 18: 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 19: 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 16 years. He was working
Slide 20: Awards and Recognitions
Awards and Recognitions Logistics Excellence Tech innovator of The Year Best Express Logistics Services Provider of the Year TCI Express is now certified as Great Place to Work 13th Express , Logistics & Supply chain Leadership Awards At India Logistics Summit & Awards 2019 Bharariya Manvata Vikash
Slide 21: 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 Express Distribution Company’ 2018 20
Slide 22: Corporate Governance
CORPORATE GOVERNANCE Corporate Governance LISTED ENTITY ISO CERTIFIED RATED BY Ranked 402 in Top 500 Companies based on Market Cap, as on March 31, 2020 IATA CERTIFICATE Business Superbrand The Economic Times of 2019 Iconic Brands Of India 21 www.tciexpress.in
Slide 23: Key Takeaways
Key Takeaways ❑ TCI Express revenue has grown at CAGR of 11.2% in last 4 years ❑ Asset light model continues to drive strong cash flows ❑ Consistently paying dividend for last 4 years and generating high return on capital employed ❑ Strong balance sheet and flexible capital structure ❑ Continued foc
Slide 24: Contact Information
Contact Information This presentation contains statements that are “forward looking statements” 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.
Slide 25: www.tciexpress.in
TCI EXPRESS LIMITED TCI house, 69 Institutional area, Sector - 32, Gurgaon 122001, Haryana, India P: +91 124 2384090-94 • E: info@tciexpress.in W: www.tciexpress.in • Toll free: 1800 2000 977 24 www.tciexpress.in