Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q4 FY2022 Earnings Presentation
34 slides from Tci Express's earnings presentation, 2022
Slide 1: Q4 & FY2022 Earnings Presentation
Q4 & FY2022 Earnings Presentation
Slide 2: FY2022 Highlights
FY2022 Highlights Highest ever annual Revenue of Rs. 1,090 Total Income Cr, and Generated Profits of Rs. 129 Cr, 27.9% 35.5% both registering a growth of 28% on Y-o-Y Rs. 1,090 crore Y-o-Y FY2022 ROCE FY2021: Rs. 852 crore Continues to maintain strong EBITDA margins despite sharp jump in fuel prices
Slide 3: Q4 FY2022 Highlights
Q4 FY2022 Highlights Record quarterly Revenue of Rs. 300 Cr, up by 6.2% Y-o-Y and 3.9% on Q-o-Q basis EBITDA of Rs. 52.3 Cr, with strong operating margins of 17.4% backed by higher capacity utilization and operational efficiencies Key Highlights Rs. 300 Cr Rs. 52 Cr ▪ Despite the challenging economi
Slide 4: Management Perspective
Management Perspective Commenting on the results, Mr. Chander Agarwal, Managing Director,said: “The last quarter of the fiscal year ended on an overall positive note, economy continued to move forward on the recovery path and broad- based improvement was visible across industries. Index for Industri
Slide 5: Fastest Express Delivery Company in India
Fastest Express Delivery Company in India TCIExpress has successfully completed 5 years post Year of Listing 2016 the demerger and have become industry leading and fastest delivery company in India Locations Serviced 40,000 Specialized in offering time definite solutions with focus on Tier II and II
Slide 6: Why TCI Express?
Why TCI Express? Ranked 412 in Top 500 Companies based on Market Cap, as on March 31, 2022 Asset Light High Value Cargo Low Working Lowest Cost Business Model (Low volume, high Capital Structure margins) Requirement API based back- Containerized Superior No Franchise: Customer All owned end technolo
Slide 7: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Company Surface Branches Express 900+ PharmaCold 500+ Chain Rail Express Express Express Services Domestic and ECommerce International Air Express C2CExpress 7 www.tciexpress.in
Slide 8: Financial Performance
Financial Performance Q4 Y-o-Y Q3 Q-o-Q Y-o-Y In Crores FY2022 FY2021 Growth (%) FY2022 Growth (%) FY2022 FY2021 Growth (%) Income from Operations 298.2 279.8 6.6% 286.9 3.9% 1,081.5 844.0 28.1% Other Income 2.1 3.1 2.1 8.2 7.6 Total Income 300.3 282.9 6.2% 289.0 3.9% 1,089.6 851.6 27.9% EBITDA 52.3
Slide 9: Q4 FY2022 Performance Discussion
Q4 FY2022 Performance Discussion • Total Income for the quarter stood at Rs. 300 Crores, registering an increase of 6.2% y-o-y and an increase of 3.9% on Q-o-Q basis. This growth was driven by strong recovery in economic activities and demand recovery post-festive season and growing demand from MSME
Slide 10: Quarter Performance Trends
Quarter Performance Trends Consistent improvement in financial performance and maintaining strong margin profile Total Income EBITDA and Margins 289.0 300.3 57.4 282.9 275.8 52.3 47.6 49.3 224.6 20.3% 33.7 17.3% 17.0% 17.4% 15.0% Q4FY21 Q1 FY22 Q2 FY22 Q3FY22 Q4FY22 Q4FY21 Q1 FY22 Q2 FY22 Q3FY22 Q4F
Slide 11: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL) Efficient Working Capital Management Cycle In Crores FY2020 FY2021 FY2022 Receivables Days Long Term Debt 1.9 1.0 0.2 73 64 Short TermDebt 0.9 0.9 0.8 58 59 Total Debt 2.8 2.0 1.0 50 Less: Ca
Slide 12: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows Consistent cash flow generation over the years with focused approach on generating free cash flows 118.9 110.8 73.9 77.5 81.1 63.5 53.2 49.2 30.8 11.2 FY2018 FY2019 FY2020 FY2021 FY2022 Cash Flow from Operations Free Cash Flows • Cash flow from operations
Slide 13: Balance Sheet
Balance Sheet (Rs Crores) FY2021 FY2022 (Rs Crores) FY2021 FY2022 Assets Equity and Liabilities Non-Current Assets EQUITY Property, Plant and Equipment 224.4 314.7 Equity ShareCapital 7.7 7.7 Right of UseAssets 2.2 2.0 Other Equity 426.2 528.5 Total Equity 433.9 536.2 Capital Work in Progress 27.7 6
Slide 14: Strategy and Outlook
Strategy and Outlook Revenue Growth Impacted in line with overall economic slowdown however it is expected to growth with: Highly diversified client base and well spread across industryverticals Continuous expansion in Metro and Tier I Cities throughnew branch offices Contribution of new and v
Slide 15: Strategic Priorities by 2025
Strategic Priorities by 2025 New value-added services is Maintain high expected to contribute 25% to return ratios and top-line: consistent • Pharma Cold Chain Express dividend pay-out • C2CExpress • Rail Express • Air Express Create Wealth for Full focus on all Stakeholders technological advancemen
Slide 16: Largest B2B Sorting Center
Largest B2B Sorting Center Company has made significant progress in each of its strategic focus areas, has successfully commissioned India's first and largest automated B2B sorting center in Gurgaon in March 2022 reducing parcel handling time and vehicle halting time Gurgaon Sorting Centre Location:
Slide 17: Expanding Service Offering: Rail Express
Expanding Service Offering: Rail Express TCI Express to launch successfully tested surface express asset light model into rail transportation called Rail Express Rail Express service is a unique service offering aimed at providing high value service at a lower cost ✓ TCI Express to buy space on the
Slide 18: Expanding Service Offering: Pharma Cold Chain Express
Expanding Service Offering: Pharma Cold Chain Express TCI Express successfully launched Pharma Cold Chain Express Service, an asset light model and use existing hub and spoke network to meet the growing demand for Cold Chain logistics TCI Express Pharma Cold Chain Transportation Standard Operating P
Slide 19: Expanding Service Offering: C2C Express
Expanding Service Offering: C2C Express TCI Express launched India’s first customer to customer C2CExpress service, implementing asset lightmodel Transportation Mode – Fast Trucking Transportation Mode – Milk Run Minimizes connections and travel time Pick up from multiple locations and delivery at s
Slide 20: Last 5 Year Key Takeaways
Last 5 Year Key Takeaways ✓ Fastest B2B Express Delivery Company in India Inherent ✓ Asset light model allows Company to maintain higher utilization and drive strong cash flows Business Strength ✓ No franchise model. All branches are company owned which ensures adoption ofbest standard operating pro
Slide 21: Total Income, EBITDA, PBT and PAT Trends
Strong track record of consistently delivering, enhanced margins and profitability Total Income from Operations EBITDA and Margins CAGR+7.7% CAGR+23.7% 182.9 1,027 1,036 1,090 142.0 887 852 122.2 125.7 752 92.7 16.7% 16.8% 63.3 11.9% 12.1% 10.5% 8.4% FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2017
Slide 22: Key Ratios
Key Ratios Maintaining the track record of consistently generating high returns with focus on creating wealth for all stakeholders Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 8.0 44.3% 39.9% 38.3% 34.3% 35.5% 4.0 4.0 23.9% 3.0 2.5 15.8% 17.2% 15.3% 16.4% FY2018 FY2019 FY2020
Slide 23: Leading Margins and Profitability in the Industry (9M FY22)
TCI Express – Leading Margins and Profitability in the Industry (9M FY22) EBITDA Margins % EBIT Margins % 16.5% 15.5% 15.8% 12.7% 11.5% 10.3% 6.7% 5.1% 3.2% 3.3% 1.9% 1.3% TCIExpress Peer1 Peer2 Peer3 Peer4 Peer5 TCIExpress Peer1 Peer2 Peer3 Peer4 Peer5 PAT Margins % Key Highlights: 11.8% ▪ TCI Expr
Slide 24: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 60% 14% India GDP $2.9 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 $14 Bn 0.1% $20,494 Bn TCI Express Mar
Slide 25: Indian Logistics Industry
Indian Logistics Industry Recent Logistics Sector Transformation Initiatives Infrastructure Development Formalization of Sector Operational Efficiency • Launch of PM Gati Shakti Master • Goods and Service Tax – pre filled • Automation of Sorting Centres Plan to improve seamless movement numbers of g
Slide 26: Management Team
Management Team Mr. D P Agarwal, Chairman & Director Mr. D PAgarwal 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 a
Slide 27: 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 18 years. He was working
Slide 28: Sustainability a Core Pillar of Strategy
Sustainability a Core Pillar of Strategy Committed to manage environmental and social footprint in our operations and build long term sustainable business Social Environment • TCI Express, with a combination of independent • Focused on implementing robust environmental agencies and its associated fo
Slide 29: ESG Profile – Consolidating all ESG Disclosures
ESG Profile – Consolidating all ESG Disclosures 1 5 4 3 2 6 Consolidates all ESGdisclosures on a single ESGdisclosures mapped with InternationalESG 1 platform, enabling stakeholders toconveniently 4 Reporting Frameworks conduct their duediligence 2 Highlights – Captures qualitative ESGcontent 5 Sear
Slide 30: Awards & Recognition
Awards & Recognition Corporate Governance Corporate Governance Award Awards Ranked 461 in Top 500 Credit Instruments rated by Companies based on Market two leading Credit Rating Cap, as on March 31, 2021 Agencies Latest Award Imagerequired Industry Recognition Building a high trust The Economic Busi
Slide 31: Awards & Recognition
Awards & Recognition Awards “Most Preferred Brands 2021” award within the SCALE award for the best “Express Courier” company category of “Express Logistics Company” by CII Institute of Logistics in Dec-2021 31 www.tciexpress.in
Slide 32: Capital Market Information
Capital Market Information Share Price Information, as on 25th May 2022 3,000 CAGR Return: TCI Express +36% S&P BSE Sensex +15% Key Facts 25th May 2022 2,500 BSE / NSE Ticker 540212/ TCIEXP Rebasd to TCI Express Share Price CMP (Rs.) 1,625 2,000 Shares O/S (Cr) 3.84 1,500 Market Cap (Rs. Cr) 6,254 1
Slide 33: 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 34: TCI Express Limited contact details
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 www.tciexpress.in 34