Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — Q1 FY2020-21 Earnings Presentation
28 slides from Transport Corporation Of India's earnings presentation, Aug 12, 2020
Slide 1: Intimation under Regulation 30 cover letter
12th August, 2020 BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, Block G, Bandra Kurla Complex, Dalal Street - Mumbai- 400001 Bandra (E) Mumbai – 400 051 Scrip Code: 532349 Scrip Symbol: TCI Dear Sir/Madam, Sub: In
Slide 2: Earnings Presentation FY 2020-21 (Q1)
Earnings Presentation FY 2020-21 (Q1)
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: COVID-19: Managing the Impact on Business
COVID-19 : Managing the Impact on Business Extending Health and Operations on support to safety measures Digital connect Morale boosting with limited partners and across all with customer of employees work force other industry workplaces players Central Task forces Our people worked Rapid Regular vi
Slide 9: Customer Connects and Brand Awareness
Customer Connects and Brand Awareness Campaigns during Lockdown (Social & Digital Media) 3 videos created 11.5 lac reach & 2.57 lac engagement across platforms Metrics Apr -June 2020 No of customer Emails 1 lac No of customer Calls 55000 No of VCs 300+ © 2020 TCI 8
Slide 10: 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 11: Key company USPs
Key company USPs Technology driven operations Unique Positioning of 3PL/4PL SCM Business Capability to offer both LTL& FTLat National Level Complex supply chain designing and solutions Large-scale modern warehousing =TC/ LEADERS IN LOGISTICS © 2020 TCI 10
Slide 12: Complex Supply Chain Design & Execution
Complex Supply Chain Design & Execution Typical Example: Automotive Supply Chain •Supplier to Plant Finished Warehousing • Bonded Production Plant Plant • 3PL Services Support Efficiency Goods •4 PL Services & •DC/FC Logistics •Domestic and Aftermarket Global Services Logistics •LMD JIT (Just in Tim
Slide 13: 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 14: 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 15: 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 14
Slide 16: 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 17: Technology Driven operations
Technology Driven operations © 2020 TCI 16
Slide 18: FY21 Q1 Standalone Highlights
FY21 Q1 Standalone Highlights Figures in Mn. 6500 300 5500 6196 283 297 5898 250 4500 4978 200 3500 4297 150 176 2500 3368 151 100 1500 98 50 500 0 -500 Q1FY17 Q1FY18 Q1FY19 Q1FY20 Q1FY21 Q1FY17 Q1FY18 Q1FY19 Q1FY20 Q1FY21 Revenue Growth -45% PAT Growth -67% -1, 0% 5, 5% 95, 3% 1846, 16% 3186, 28% 2
Slide 19: Division-wise Stand-alone Financial Performance
Division-wise Stand-alone Financial Performance Figures in Mn. Total Total Total # Corp.& Others (2020-21_Q1) (2019-20) (2018-19) Revenue 1577 1051 645 95 3368 25417 25851 % Growth -47.2% -56.4% -12.4% 14.6% -45.65% -1.68% 17.40% EBIDTA 39.3 118 127 81 365 2617 2710 % of 2.5% 11.2% 19.7% 85.6% 10.9%
Slide 20: TCI Freight Division
TCI Freight Division Key Operational Highlights 3,500 (120) • Able to ramp up operations to 55-60% amid Trucks & Trailers in operation (owned) weaker economic environment and COVID- 19 driven situation. 700 • EBIT margins stood at 1.3% Vs 3.3% FY20 . IT Enabled Owned Offices Better cost management h
Slide 21: TCI Supply Chain Division
TCI Supply Chain Division Key Operational Highlights 12 Mn. Sqft. • The division able to ramp up 45-50% Warehousing Area Managed operations amid downward trends in automotive sector and subdued consumer 4,000 (1020) sectors Fleet in operations (Owned) • Margins have been stable and in improving 5,00
Slide 22: TCI Seaways Division
TCI Seaways Division Key Operational Highlights 7 • Operations ramped up to 70-80% amid high Cargo Ships cargo volumes because of shift from Road & Rail . 7,650 (6350) • Overall margins were stressed though Containers in operations (Owned) positive . Some impact of increasing fuel cost 15-20% 91,880
Slide 23: TCI's Joint Ventures
TCI’s Joint Ventures Figures in Mn FY21Q1 (FY20) Revenue 290 (5301) 725 (1890) 66 (258) Y-o-Y Growth 81% (-0.1%) 12.7%(372.8%) -77.1% (13%) Capital Employed 285 (236) 246 (250) 2261 (2383) Operates on asset- Cold chain services to Focused on light model cater temperature automotive logistics control
Slide 24: Financial Performance
Financial Performance Debt – Equity Ratio 3.50 Debt Service Coverage Ratio 0.7 0.68 3.00 2.85 2.87 0.63 0.6 2.60 0.54 2.50 2.34 0.5 0.43 1.92 0.4 2.00 0.37 0.3 1.50 0.2 1.00 Return on Capital Employed (ROCE) Earnings per Share (in Rs) 15,000 24.0% 13,477 12,862 13051 20.0% 12,500 16.65 16.46 11,409
Slide 25: Standalone Financial Results
Standalone Financial Results Figures in Mn. Income Statement Balance Sheet Particulars (Rs in Cr.) 2019-20 2019-20_Q1 2020-21_Q1 Particulars (Rs in Mn.) 2019-20 2019-20_Q1 2020-21_Q1 1. Non current Assets Freight 22853.6 5649.1 2768.7 Property, plant and equipment 7282.2 6924.5 7139.7 Other Sales &
Slide 26: Market Summary
Market Summary Market Cap on 30 Jun 20 Rs Mn. 12964.4 Shareholding Pattern as on 30th Debt Rs Mn. 3491.6 9% 5% June 2020 Enterprise Value Rs Mn. 16302.5 2% PROMOTORS P/E Nos 33.1 2% INDIAN PUBLIC EV/EBITDA Nos 11.2 15% 67% FOREIGN HOLDINGS 52 Week High Rs/share 312 BODY CORPORATE 52 Week Low Rs/shar
Slide 27: Capital Expenditure Plan FY21
Capital Expenditure Plan FY21 Total Actual 2019-20 2020-21 2020-21_Q1 (FY 2006-07 to Actual Estimated Figures in Mn. 2018-19) Hub Centers & Small 4352.4 warehouses 151.5 150 5.7 Ships 2701.0 509.0 400 0 Containers 676.1 186.7 280 0 Trucks & other vehicles 4113.7 240.9 340 0.3 Others (W/H Equip, 1157
Slide 28: 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
Transport Corporation of India — Q1 FY2020-21 Earnings Presentation on 6ix