Thomas Cook (india) Limited · NSE:THOMASCOOK
Thomas Cook (india) — Q4 FY2020 Earnings Presentation
34 slides from Thomas Cook (india)'s earnings presentation, Jul 1, 2020
Slide 1: Stock exchange intimation of investor presentation
1st July, 2020 The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Cod
Slide 2: Response to COVID-19 and Q4 & FY20 Earnings Presentation
Response to COVID-19 and Q4 & FY20 Earnings Presentation Thomas Cook India Limited (TCIL) 1 BSE: 500413 | NSE: THOMASCOOK
Slide 3: Table of contents
Table of contents Slide No Thomas Cook India Group at a glance 03 COVID-19 & Our Response 04 Cash and Cash Equivalents 06 Measures taken for Cash Conservation 07 Cost Savings 08 Outlook 09 Q4 & FY20 Performance 10 Material events 19 Annexures 21 2
Slide 4: Thomas Cook India Group at a glance
Thomas Cook India Group at a glance Thomas Cook Group Thomas Cook is a leading integrated Forex Travel and Financial services Company in India, part of the Fairfax group which owns 66.9% stake in Thomas Outbound Cook India Domestic Integrated business model creates value through scale and flexibilit
Slide 5: COVID-19 & Our Response
COVID-19 & Our Response 4
Slide 6: Our response during COVID-19
Our response during COVID-19 March 2020 April 2020 May 2020 June 2020 • India suspended all visas on 11 • TCIL resumed operations from • Domestic airlines resume • Lockdown 5.0 to continue March w.e.f. 13th March Apr 16 onwards at select operation in calibrated manner till June 30 with a • Internati
Slide 7: Cash & Cash Equivalents
Cash & Cash Equivalents Cash & Cash Equivalents (Closing Balance - Rs mn) 11,238 11,766 17,235 11,623 1,409 1,893 2,502 2,473 Rest of World Business 9,829 9,873 14,734 9,150 India Business 31-May-20 31-Mar-20 31-Dec-19 31-Mar-19 Particulars (INR mn) 31 May 2020 31 March 2020 31 Dec 2019 31 March 201
Slide 8: Measures taken for Cash Conservation
Measures taken for Cash Conservation Cash Conservation Rigorous monitoring mechanism for conserving cash and reviewing cash-flows with senior management Intensified cost rationalization measures since March 2020. Tighter control on payments Debtors: The collections were driven by regular fol
Slide 9: Cost Savings
Cost Savings Thomas Cook business across India Rest of the World businesses Costs (Rs mn) FY20 FY21e Variance FY20 FY21e Variance Payroll & Employee costs 4,067 2,534 -38% 4,230 2,851 -33% Establishment 1,420 781 -45% 1,531 804 -48% Marketing Cost & other 2,532 1,183 -53% Expenses Total Operating co
Slide 10: Outlook
Outlook Sales • We believe based on the current scenario and aligned with the new norms of business, Travel segment sales in FY21 are anticipated to be at approximate 29% of FY20 performance • Bookings in the leisure holidays segment are starting to witness an uptick. Based on estimates, the B2C tra
Slide 11: Q4 & FY20 Performance
r Q4 & FY20 Performance
Slide 12: Results – Q4 FY20 Consolidated
Results – Q4 FY20 Consolidated Particulars (Rs. mn) Q4 FY20 Q4 FY19 Shift (%) Revenue from Operations 10,898.9 13,632.8 -20% Other Income 191.3 744.9 -74% Other income decline is largely due to lower SEIS and commission income Total Income from Operations 11,090.3 14,377.8 -23% Operating expenses in
Slide 13: Results – Q4 FY20 Consolidated
Results – Q4 FY20 Consolidated Particulars (Rs. mn) Q4 FY20 Q4 FY19 Shift (%) Segment Revenue (a) Financial Services * 646.3 678.1 (5)% (b) Travel and Related Services * 8,647.7 12,279.2 (30)% (c) Human Resource Services - 6.1 - (d) Vacation Ownership and Resorts Business 576.4 669.4 (14)% (e) Digip
Slide 14: Results – FY20 Consolidated
Results – FY20 Consolidated Particulars (Rs. mn) FY20 FY19 Shift (%) Revenue from Operations 68,325.6 66,032.5 3% Other Income 1,157.4 1,154.4 0.3% Total Income from Operations 69,483.0 67,186.9 3% Operating expenses include a non-cash charge of Rs. 295 Mn. Total Costs 67,265.1 65,211.9 3% on accoun
Slide 15: Results – FY20 Consolidated
Results –FY20 Consolidated Particulars (Rs. mn) FY20 FY19 Shift (%) Segment Revenue (a) Financial Services * 2,927.3 2,763.8 6% (b) Travel and Related Services * 57,428.6 60,624.1 (5)% (c) Human Resource Services - 33.5 - (d) Vacation Ownership and Resorts Business 2,672.1 2,611.1 2% (e) Digiphoto I
Slide 16: PBT Q4 & FY20 breakup
PBT Q4 & FY20 breakup PBT (Rs. mn) 9M FY20 9MFY19 Q4FY20 Q4FY19 FY20 FY19 Thomas Cook business across India 796.3 944.7 8.2 56.8 804.5 1,001.5 Rest of the world business (12.4) 257.4 (177.6) (142.6) (190.0) 114.8 Total 783.9 1,202.1 (169.4) (85.8) 614.5 1,116.3 Sterling (408.8) (447.1) (57.0) (96.3)
Slide 17: Business Segments – Travel
Business Segments – Travel Revenue Mix - FY20 Q4 FY19* Q4 FY20 0.6% -3.6% 32.8% 21.9% 0.3% -4.8% 24.7% 0.4% -3.3% 38.6% 29.5% 21.7% 41.8% 23.3% 2.7% 3.5% 20.3% 2.2% 1.4% 14.3% 2.4% 1.9% Gross Margins – Segment 18.3% 8.9% Q4FY20 Outbound 16% Outbound Inbound MICE Domestic 26% Inbound Corporate Travel
Slide 18: Business Segments
Business Segments Update on International DMS entities Asian Trails Desert Adventures Allied T Pro Private Safari Private Safari South Africa Eastern Africa • Headquartered in Bangkok, it operates in Thailand, Vietnam, • Operated in Middle East • Allied T Pro has been a • It is one of the top 5 DMS
Slide 19: Management comments- Q4 FY20
Management comments- Q4 FY20 Speaking on the results and the “Reimagine Program”, Mr. Madhavan Menon – Chairman & Managing Director of Thomas Cook (India) Limited said “The Global pandemic which the world continues to deal with over the past few months has challenged all of us - especially, those of
Slide 20: Material Events
Material Events CRISIL Rating: • CRISIL has reaffirmed the rating on debt programmes and bank facilities of Thomas Cook (India) Ltd at ‘CRISIL AA-/Negative on the long-term bank facilities of TCIL and CRISIL A1+ rating on the short-term bank facilities and short- term debt of the Company Going Conce
Slide 21: Material Events
Material Events Innovation and new products-services: • TCIL entered into a strategic long term agreement with Experience Hub, the trade and promotion arm of Yas Island-Abu Dhabi, one of the world’s fastest growing leisure and entertainment destinations • TCIL and SOTC launched Holiday Plus enabling
Slide 22: Supplementary Information
3 Supplementary Information • COVID-19 Response initiatives 21
Slide 23: Key initiatives
Key initiatives Business Update People Forex: Urgent outward remittances to overseas family; college fees; Work From Home was initiated before the Govt. instructions with top-up transactions for the Thomas Cook Borderless Prepaid Card, comprehensive guidelines, with Seamless remote working etc.,
Slide 24: Integration of key functions of TCIL & SOTC
Integration of key functions of TCIL & SOTC Integration of Product, Contracting and Operations to drive operational efficiencies, higher productivity and margin expansion Integrated Group Products, will drive higher operating strength led by higher volumes Single centralized contracting team to prov
Slide 25: Entrenching technology for perpetuity in savings
Entrenching technology for perpetuity in savings Tech enabled customer journey Leverage & Enhance Existing technology Thomas Cook India group has been consistently driving its Interact agenda towards automation and digitalization This created a strong foundation to implement additional Contact
Slide 26: Innovation & Reimagining Business
Innovation & Reimagining Business The company has taken several measures adapting to the new normal by re-imagining businesses and capabilities with a primary focus on ensuring health and safety at every stage FOREX MICE Holidays Business Travel Re-imagine Focus on Domestic destinations Omni Cha
Slide 27: Customer engagement initiatives
Customer engagement initiatives Story telling session with Marathi actor Subodh Bhave Virtual Lockdown Travel Awards with Boman Irani 26
Slide 28: Customer engagement initiatives
Customer engagement initiatives 27
Slide 29: "Assured" Safe Travel Program
“Assured” Safe Travel Program Thomas Cook and SOTC in association with Apollo Clinics launch the “Assured” Safe Travel Program Across Thomas Cook India & SOTC, customers have been clear that health, hygiene and safety is their prime concern when it comes to travel in the COVID-19 era. Hence, the
Slide 30: Supplementary Information: Sterling Holiday Resorts Limited
3 Supplementary Information • Portfolio Investment • Sterling Holiday Resorts Limited 29
Slide 31: Portfolio Investments – Vacation Ownership & Resorts
Portfolio Investments – Vacation Ownership & Resorts Key Indicators FY 17 FY 18 FY19 FY20 New members additions (Nos) 5,295 4,065 2,985 3,253 Cumulative member base 80,036 84,101 87,086 90,339 Average unit realization (Rs lacs) 2.88 2.99 2.99 3.52 Resort Occupancy 63% 64% 63% 64% Average Room Rent (
Slide 32: Current Resort Network
Current Resort Network (2300+ Operational rooms) Riverfront & Jungle Beach Mountain Heritage Anaikatti (L) Corbett (L) Puri (O) Dharamshala (L) Shridi (L) Sariska (MC) Goa (L) Manali (O) Agra (L) Thekkady (MC) Karwar (L) Mussoorie ((O) Jaipur (MC) Kanha (L) Nainital (L) Guruvayur (MC) Kufri (L) Gang
Slide 33: Contact Us
Contact Us For further information please contact Debasis Nandy Urvashi Butani President and Group CFO General Manager- Investor Relations Tel: +91 22 4242 7000 Tel: +91 22 4242 7095 Email: Debasis.Nandy@in.thomascook.com Email: Urvashi.Butani@in.thomascook.com Corporate Identification No: L63040MH1
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by Thomas Cook (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or dissemi
Thomas Cook (India) — Q4 FY2020 Earnings Presentation on 6ix