Afcom Holdings Limited · BSE:AFCOM
Afcom — H1 FY25 Earnings Presentation
44 slides from Afcom's earnings presentation, Nov 15, 2024
Slide 1: Cover letter to BSE Limited
Date: November 15, 2024 To, BSE Limited, 25th Floor, P. J. Towers, Dalal Street, Fort, Mumbai- 400 001. Symbol: 544224 Sub: Presentation of Unaudited Standalone Financial Results for the half year ended September 30, 2024 Please find enclosed presentation of Unaudited Standalone Financial Results fo
Slide 2: AFCOM Holdings Limited H1 FY25 Investor Presentation
AFCOM Holdings Limited H1 FY25 Investor Presentation Investor Presentation 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by Afcom Holdings Ltd, (Afcom, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not fo
Slide 4: H1 FY25 Financial Highlights
H1 FY25 Financial Highlights
Slide 5: Key Financial Highlights
Key Financial Highlights Total Income EBITDA & PAT EBITDA Margin & PAT Margin EBITDA PAT EBITDA % PAT % 2,748.52 9,019.00 30.47 7,131.00 1,885.63 23.36 1,666.15 20.91 1,219.34 17.10 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 All Amount In ₹ Lakhs & Margins In % Investor Presentation 4
Slide 6: Profit & Loss Statement
Profit & Loss Statement In ₹ Lakhs Particulars H1 FY25 H1 FY24 YoY Revenues 8,875.96 7,093.84 Other Income 143.36 37.4 Total Income 9,019.32 7,131.24 26.48% Raw Material Expenses 5,745.19 5,037.14 Employee costs 309.96 251.96 Other expenses 215.65 175.99 Total Expenditure 6,270.80 5,465.09 EBITDA 2,
Slide 7: Company Overview
Company Overview
Slide 8: AFCOM @ Glance
AFCOM @ Glance Founded in 2013 by Capt. Deepak Parasuraman, a seasoned aviation industry veteran, AFCOM Holdings Limited (AFCOM, The 200+ FY24 Company) received in principle approval from the Ministry of Years Of Total Income ₹ 14,8181 Lakhs Civil Aviation, India in 2017 to embark on its journey for
Slide 9: The Hexagon Harmonics: Bridging Connections & Cargo
The Hexagon Harmonics: Bridging Connections & Cargo Beyond Flying Cargo Enabling Solutions that is beyond moving the cargo The Arrows > Speed & Solidarity The Hexagon The Center Space > Interline Connectivity >Safety & Security of Cargo, > Intertwined Cargo Operations Clients and all Stakeholders In
Slide 10: Guiding Principles: AFCOM's Core Values
Guiding Principles: AFCOM’s Core Values Customer Build On First Trust Service Innovation Excellence Act with Reliable Integrity Investor Presentation 9
Slide 11: Navigating Success: AFCOM's Journey Of Progress & Milestones
Navigating Success: AFCOM's Journey Of Progress & Milestones 2013 2019 2022 2024 AFCOM Cargo was Secured Allotment of Received DSV Meet The company got conceptualized to be the Boeing 737-800 Award India’s First Standalone Freighter from Globally listed on BSE SME. Cargo Airline Leading Aircraft Lea
Slide 12: Tie-up + Strength
Tie-up + Strength AFCOM has Partnered with TT Aviation Handling Services Private Limited (Part of TT Logistics Group) to provide customs bonded trucking to ensure last mile connectivity to our clients across South India Top Leading Freight Forwarders, Uses the services of AFCOM GSSAs, Taylor Aviatio
Slide 13: Crafting Connectivity Through Diverse Networks
Crafting Connectivity Through Diverse Networks NETWORK Delivering exceptional reach and capacity across ASEAN with an integrated air network Investor Presentation 12
Slide 14: Fast, Flexible, Solutions For All Cargo Needs
Fast, Flexible, Solutions For All Cargo Needs Being a standalone cargo airline, the main focus of AFCOM is Solution for all size & all Delivering cargo in 24 hours Last mile connectivity categories of cargo Transit Economical Bonding Exclusive Time Price Trucking Chartering Track & Modern Space Rout
Slide 15: Business Overview
Business Overview 14
Slide 16: Current Fleet: On Dry Lease
Current Fleet: On Dry Lease AFCOM’s Current Fleet Of Aircrafts Include 2 Boeing 737 - 800 BCF Boeing 737-800 (BCF) converted freighter Boeing 737-800 (BCF) converted freighter Cargo Capacity: 22 tonnage Cargo Capacity: 22 tonnage Lease Partner: Spectre Air Craft LLC Lease Partner: Spectre Air Craft
Slide 17: Types Of Cargo Handled By AFCOM
Types Of Cargo Handled By AFCOM General Cargo Perishable ODC Hazardous • Machinery • Flowers • Machinery • Batteries • Spare Parts • Food Items • Special Equipment • Paint Materials • Electronics • Confectionery • Aircraft Spare Parts • Chemicals • Engines • All Dangerous Goods (From • Garments • Ma
Slide 18: Rapid Charter Solutions For Time Critical Shipments
Rapid Charter Solutions For Time Critical Shipments Cargo solutions: afcom's commitment! Ensuring time-bound, critical shipments with charter services to any destination worldwide. Access Access to Dedicated Dedicated full Priority to temperature- temperature Operations and charter handling controll
Slide 19: GSSA Role In The Supply Chain
GSSA Role In The Supply Chain FREIGHT FORWARDER Storage Consolidation GSSA CONSIGNEE Road Transportation FREIGHT FORWARDER Customs Process AIRLINES/GSSA AIRLINES Marketing & Sales Capacity Management Yield Management Transport Operations HANDLING AGENTS SHIPPER FREIGHT FORWARDER Freight Inspection P
Slide 20: Product Centric Sales Approach: Maximizing Load Factors & Agent Diversity
Product Centric Sales Approach: Maximizing Load Factors & Agent Diversity Target Products Agent Mix Commodity driven sales approach to Focus on long tall customers to establish target high yield cargo & improve a healthy agent mix load factors % DG Special Products Express/Courier/Post % Pharma Expr
Slide 21: A Comprehensive View Of AFCOM's Market Approach
A Comprehensive View Of AFCOM’s Market Approach Experienced Team Marketing Sales Team Sales Capacity Management Business Intelligence Market Data Customer Service Principle Performance Product and Commodity driven Review Customer Database Digital Sales Distribution Tools Freight Forwarder Market Rev
Slide 22: Management & Team Overview
Management & Team Overview
Slide 23: Board Of Directors
Board Of Directors Capt. Deepak Parasuraman Mr. Kannan Ramakrishnan Wg. Cdr. Jaganmohan Manthena Chairman & Managing Whole Time Director Non Executive Director Director • Mr. Kannan has 19 years of experience in leadership • Wg. Cdr. Jaganmohan holds a Post-Graduate Degree in • Capt. Deepak has exte
Slide 24: Board Of Directors
Board Of Directors Need Picture Mr. Srinivasan Natarajan Dr. Lalit Gupta Ms. Rashmi Prithviraj Independent Director Independent Director Independent Director • Mr. Srinivasan holds the degree of Company Secretary • Dr. Lalit holds Master degree of Technology in • Ms. Rashmi holds a Bachelor degree i
Slide 25: Senior Management Personnel
Senior Management Personnel S.N. Ashok Kochat Narendran K.V Krishnan Sunil Chandrasekar Capt. Anirvan Chakravarti General Manager – Cargo President & Head of Engineering & Chief Sales Officer Chief Pilot & Director– Operations Chief Commercial Officer (CCO) Quality Manager Flight Operations. • He co
Slide 26: Industry Overview
Industry Overview 25
Slide 27: Wings of Commerce: Connecting Global Economies
Wings of Commerce: Connecting Global Economies Boeing Forecasts That Air Cargo Will Grow At An Average Compound Rate Of 4.1% Per Year Over The Next 20 Years o Air cargo has continued to demonstrate its importance to the world economy and specifically to global trade. o It has traditionally carried 3
Slide 28: Rising With The Winds: India's Air Cargo Sector's
Rising With The Winds: India's Air Cargo Sector's India's Air Freight Market Is Estimated To Be US$ 13.08 Bn In 2023 And Is Expected To Reach US$ 17.22 Bn By 2028, Growing At A CAGR Of 5.65%. In US$ Bn o Given the highly interesting journey that air cargo has had during and after the Indian Air Frei
Slide 29: India's Trade With ASEAN Region
India’s Trade With ASEAN Region 2024 Top 10 Export Countries Value In UD Mn o The trade volume between India and the ASEAN region has seen positive Country Export growth over the years. South Africa 2,869 Tanzania Rep 1,611 o Singapore, Malaysia, Vietnam, Indonesia, Thailand, and are the top export
Slide 30: Opportunity in Cargo Sector
India's Air Cargo Sector: A Dominant Global Force Opportunity in Cargo Sector Cargo has emerged India's air cargo as a crucial revenue sector faced pricing Looking forward, there’s driver amid the global inefficiencies, a notable opportunity in pandemic chaos, operational bottlenecks, international
Slide 31: Financial Overview
Financial Overview
Slide 32: Key Financial Highlights
Key Financial Highlights Total Income EBITDA & PAT EBITDA Margin & PAT Margin EBITDA PAT EBITDA % PAT % 24.55 3,637.22 14,818.27 22.60 20.37 2,544.16 17.17 8,497.34 16.04 1,920.04 1,363.32 10.58 4,866.97 991.40 514.82 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Lakhs & Margins In %
Slide 33: Profit & Loss Statement
Profit & Loss Statement In ₹ Lakhs Particulars FY24 FY23 FY22 Revenues 14,754.55 8,414.42 4,827.40 Other Income 63.72 75.70 39.57 Total Income 14,818.27 8,490.12 4,866.97 Raw Material Expenses 10,183.33 5,622.62 3,305.19 Employee costs 634.15 654.63 259.03 Other expenses 363.57 297.54 311.35 Total E
Slide 34: Balance Sheet
Balance Sheet In ₹ Lakhs Equities & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 1,802.13 1,760.38 249.88 Non Current Assets Reserves 8,522.80 5,570.19 1,931.78 Fixed Assets 1,263.69 1,248.03 26.48 Non Controlling Interests 0.00 0.00 20.00 Deferred Tax Assets 6.44 2.56 -0.48 Net Worth 10,
Slide 35: Cashflow Statements
Cashflow Statements In ₹ Lakhs FY24 FY23 FY22 Particulars Cashflow from Operations -2,340.99 -1,894.22 -374.42 Cashflow from Investments -93.26 -1,227.47 -4.30 Cashflow from Financing 2,072.63 3,739.47 421.32 Net Cash Flow -361.62 617.78 42.60 Investor Presentation 34
Slide 36: Key Ratios
Key Ratios (In %) (In %) ROE ROCE 55.82 59.44 39.94 28.57 24.64 29.82 FY22 FY23 FY24 FY22 FY23 FY24 Debt To Equity Ratio (In Times) (In Times) Interest Coverage Ratio 0.18 510.44 0.01 10.29 18.39 0.00 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 35
Slide 37: Key Ratios
Key Ratios (In ₹) (In ₹) Current Ratio Fixed Asset Turnover Ratio 8.05 182.30 6.87 3.51 6.74 5.63 FY22 FY23 FY24 FY22 FY23 FY24 Earnings Per Share (In ₹) Book Value Per Share (In ₹) 14.38 87.31 57.29 7.94 41.64 4.37 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 36
Slide 38: Stock Data
Stock Data As on 14-011-2024 As on 30-06-2024 BSE: AFCOM BSE: 544224 Shareholding Pattern Share Price ₹ 475.55 Market Capitalization ₹ Cr 1,182.11 Promoter & Promoter Group No. of Share Outstanding 2,48,57,706 42.73% Face Value ₹ 10.00 57.27% Public 52 Week High ₹ 590.15 52 Week Low ₹ 205.20 Share P
Slide 39: The Way Forward
The Way Forward 38
Slide 40: Key Strengths & Competitive Edge
Key Strengths & Competitive Edge Promoters & management team are one of the Large entry most experienced barriers into the in the airline industry cargo industry • Well-equipped to handle • Promoters and • Operating in a highly • Flying staff undergo DGCA- dangerous cargo & management team with regu
Slide 41: SWOT Analysis
SWOT Analysis s TRENGTHS o PPORTUNITIES • Speedy transportation • Safety of the cargo • Security - Low land occupancy W EAKNESSES • E- Commerce Growth • Growth of trade and economy • New Technologies (IoT, digital T HREATS • Zero Pilferage – High level of • Over capacity platforms, big data, • Big p
Slide 42: Strategies For Sustainable Growth
Strategies For Sustainable Growth Growth through fleet expansion • Current fleet consists of 2 Boeing 737-800 aircraft. • Intent to expand the fleet to meet growing sector demands. • Focus on cargo flights between India and other ASEAN countries. • Opportunity to operate small capacity, short-range,
Slide 43: Investment Rationale
Investment Rationale Experienced leadership: Strategic Partnerships: The company has more than 200 years of collective Collaborations with leading freight forwarders like DHL, Geodis, NYK Group experience in the aviation industry with more than 20,000 in India and in ASEAN regions, Air Logistics Gro
Slide 44: Thank You
Thank You Afcom Holdings Limited Kirin Advisors Private Limited 3rd Floor, Indiqube Palmyra, Plot No.16(NP), 713-B, Lodha Supremus II, SIDCO Industrial Estate, Ekkattuthangal, Wagle Estate, Thane West – 400 604 Guindy, Chennai – 600032 Phone: 022 4100 2455 Phone: +91 44 2499 4101 E-mail: info@kirina