Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q1 FY2024 Earnings Presentation
35 slides from Tci Express's earnings presentation, Aug 4, 2023
Slide 1: Exchange intimation letter under Regulation 30
Dated: August 04, 2023 Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street - Mumbai- 400001 Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Scrip Code: 540212 Scrip Symbol: TCIEXP Sub: Intimati
Slide 2: Pioneering the Future of Fast Forward to a Greener Tomorrow - Q1 FY2024 Earnings Presentation
7. TCIEX?RESS TCIEX2RESS LEADE Se Ss. oH, LEADER IN EXPRESS > -_ 'S Pioneering the Future of Fast Forward to a Greener Tomorrow Q1 FY2024 Earnings Presentation TCIEX@RESS~“ LEADER IN EXPRESS
Slide 3: Q1 FY2024 Highlights
Q1 FY2024 Highlights TCI Express Entered into New Fiscal Year on a positive note Revenue from operation of Rs. 306 Cr, up by 4.8%, EBITDA up by 7.0% and Net Profit up by 4.2% on Y-o-Y basis Key Highlights Total Income EBITDA ▪ The revenue was mainly driven from the MSME customers, indicating a stron
Slide 4: Management Perspective
Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: TCI Express is a leading express logistics company that achieved remarkable success in the recent quarter. With a revenue of Rs. 306 crores and an EBITDA margin of Rs. 48 crores (16% margin), the comp
Slide 5: Fastest Express Delivery Company in India
Fastest Express Delivery Company in India Successfully completed 7 years post the demerger 1 and has become industry leading and fastest delivery 200+ 2016 company in India Countries Year of Listing The only express cargo company in India with own set 2 up across nation. Offers services on Sunday, H
Slide 6: Why TCI Express?
Why TCI Express? Ranked 438 in Top 500 Companies based on Market Cap, as on March 31, 2023 1 2 3 4 5 High Value Cargo Low Working Asset Light (Low volume, Lowest Cost Expansion of Capital Business Model high margins) Structure Services Requirement 6 7 8 9 10 No Franchise: API based Superior Containe
Slide 7: Geographical Footprint
Geographical Footprint Fastest Delivery Company with Unmatched Network and Efficiency Company Surface Branches Express 950+ Pharma Cold 500+ Chain Rail Express Express Express Services Domestic and E Commerce International Air Express C2C Express 6 www.tciexpress.in
Slide 8: Financial Performance
Financial Performance Q1 Y-o-Y Q4 Q-o-Q Full Year Y-o-Y Particulars (in Cr) FY2024 FY2023 Growth (%) FY2023 Growth (%) FY2023 FY2022 Growth (%) Income from Operations 304.9 290.4 5.0% 326.2 (6.6)% 1,241.0 1,081.5 14.8% Other Income 1.5 1.9 1.7 7.2 8.2 Total Income 306.4 292.4 4.8% 327.9 (6.6)% 1,248
Slide 9: Q1 FY2024 Performance Discussion
Q1 FY2024 Performance Discussion • Total Income for the quarter stood at Rs. 306 Crores, registering an increase of 4.8% y-o-y. This growth was driven by recovery in economic activities and growing demand from MSME customers • EBITDA margins remained stable: o Despite inflationary environment, we we
Slide 10: Quarter Performance Trends
Quarter Performance Trends Improvements in financial performance and profitability by maintaining industry leading margin profile Total Income EBITDA and Margins 54 56 312 316 328 306 45 47 48 292 15.3% 17.2% 15.0% 17.0% 15.6% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q
Slide 11: Strategy and Outlook
Strategy and Outlook Revenue Growth Drivers ✓ Planned CapEx of Rs. 500 crores in 5 years (FY23- FY28) Highly diversified client base of corporate and SME customers. ✓ In FY2023 incurred capex of Rs. 125 Crores 1 Well spread across industry verticals Capital ✓ The remaining capex of Rs. 375 crore wil
Slide 12: Strategic Priorities by 2025
Strategic Priorities by 2025 Maintain high New services is expected to return ratios and contribute 25% to top-line: consistent • Rail Express dividend pay-out • C2C Express • Pharma Cold Chain Express • Air Express Create Wealth for all Full focus on Stakeholders technological advancement and autom
Slide 13: 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 GIGA Sorting Centre, Gurgaon Loc
Slide 14: Expanding Service Offering: Rail Express
Expanding Service Offering: Rail Express ❑ Asset Light Business Model ✓ TCI Express to buy space on the trains to ensure higher 2,700 125 capacity utilization Customer Base Route Presence ✓ Independent team to manage this business offering Centralized and integrated express logistics ❑ Advantages sy
Slide 15: 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 express logistics Standard Operating Procedures followed by TCI Express TCI
Slide 16: Expanding Service Offering: C2C Express
Expanding Service Offering: C2C Express TCI Express launched India’s first customer to customer C2C Express service, implementing asset light model Transportation Mode – Fast Trucking Transportation Mode – Milk Run Minimizes connections and travel time Pick up from multiple locations and delivery at
Slide 17: Last 6 Year Key Takeaways
Last 6 Year Key Takeaways ✓ Fastest B2B Express Delivery Company in India Inherent ✓ Asset light model allows the Company to maintain higher utilization and drive strong cash flows Business Strength ✓ No franchise model. All branches are company owned which ensures the adoption of best standard oper
Slide 18: FY2023 Highlights
FY2023 Highlights Total Income ▪ Record financial performance for the full 14.8% 33% year, with strong quarterly results driven Rs. 1,248 crore Y-o-Y by successful strategic initiatives and FY2023 ROCE operations excellency FY2022: Rs. 1,090 crore ▪ Maintained strong capital structure which allows u
Slide 19: Annual Performance Trend
Annual Performance Trend Strong track record of consistently driving higher margins and profitability Total Income from Operations EBITDA and Margins CAGR +7% CAGR +17% 1,248 202 1,090 183 1,027 1,036 887 852 142 122 126 93 17% 17% 16% 12% 12% 10% FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2018 FY2
Slide 20: Key Ratios
Key Ratios Increased cash conversion cycle has improved operational efficiency and financial health Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 8.0 8.0 44% 40% 38% 34% 36% 4.0 4.0 33% 3.0 24% 2.5 22% 17% 15% 16% 16% FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2018 FY2019 FY20
Slide 21: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows The consistent increase in Cash Flow from operations indicates effective management of operational expenses 147 119 128 74 78 81 53 64 49 48 22 11 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 Cash Flow from Operations Free Cash Flows • The company has strong
Slide 22: TCI Express – Leading Margins and Profitability in the Industry
TCI Express – Leading Margins and Profitability in the Industry EBITDA Margins % EBIT Margins % 16.2% 14.9% 13.1% 9.9% 9.9% 11.9% 1.9% 1.8% 5.5% 5.3% nm nm TCI Express Peer 1 Peer 2 Peer 4 Peer 5 Peer 3 TCI Express Peer 1 Peer 2 Peer 5 Peer 4 Peer 3 PAT Margins % Key Highlights: ▪ Market Leader in S
Slide 23: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 66% 15% India GDP $3.38 Tn Road $17,963 Bn Total Logistics Spend $448 Bn 31% Rail 14% Road Transportation $210 Bn Indian Logistics Market $3,385 Bn Un-Organised Segment 90% Split 3% Water 8% TCI Express Carries $20 Bn 1% $25,463 Bn TCI Express Mark
Slide 24: Indian Logistics Industry
Indian Logistics Industry Growth Drivers for the Indian Logistics Industry The National Logistics Policy (NLP) assists states and union territories (UTs) in creating their Comprehensive Logistics Action Plan (CLAP), which emphasizes integrated digital logistics systems, standardized physical assets,
Slide 25: 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 52 years. He has been contributing in developing the unorganized logistics sector into an organized one. Mr. Agarwal is
Slide 26: 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 19 years. He was working
Slide 27: Sustainability a Core Pillar of Strategy
Sustainability a Core Pillar of Strategy Educational Aid and Safety, Environment, and Empowerment Health Implemented diverse social Implemented accident prevention initiatives, including educational aid measures, abided by labor laws for for 1,500+ children, underprivileged fair wages, maintained ze
Slide 28: ESG Profile – Consolidating all ESG Disclosures
ESG Profile – Consolidating all ESG Disclosures 1 5 4 3 2 6 Consolidates all ESG disclosures on a single ESG disclosures mapped with International ESG 1 platform, enabling stakeholders to conveniently 4 Reporting Frameworks conduct their due diligence 2 Highlights – Captures qualitative ESG content
Slide 29: Awards and Recognition
Awards and Recognition Awards Conferred with the Supply Chain and Logistics Excellence (SCALE) awards for the best “Express Courier” 2022 by the prestigious Confederation of Indian Industry (CII) Launch of "Express Delivery Services” The Economic Times Most Promising Business Leader of Asia 2022-23
Slide 30: Awards and Recognition
Awards and Recognition Awards Most Trusted Brand of India 2023 TCI Express Ltd., one of the leading express delivery service provider in India, has been awarded the prestigious title of the "Most Trusted Brand of India 2023" by Team Marksmen. This recognition reflects company’s commitment to providi
Slide 31: Awards and Recognition
Awards and Recognition Sustainable Awards In recognition of its steadfast commitment to sustainability, TCI EXPRESS has proudly received the esteemed title of Sustainable Organization 2023 from the Economics Times. This prestigious accolade acknowledges the company's dedication to adopting sustainab
Slide 32: Awards and Recognition
Awards and Recognition Corporate Governance SORTING CENTER AWARDS Complementing India’s Sustainability Movement TCI Express Ltd. GIGA Sorting Centre in Tajnagar has received the GEM 5 Ranked 438 in Top 500 Credit Instruments rated by two Certification Companies based on Market leading Credit Rating
Slide 33: Capital Market Information
Capital Market Information Share Price Information, as on 02nd August 2023 CAGR Return: TCI Express +26.7% S&P BSE Sensex +15.6% 3,000 Key Facts 02nd August 2023 BSE / NSE Ticker 540212/ TCIEXP 2,500 CMP (Rs.) 1,542 2,000 Shares O/S (Cr) 3.83 1,500 Market Cap (Rs. Cr) 5,909 1,000 52 Week H/L (Rs.) 2
Slide 34: 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 35: TCI Express Limited
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 34 www.tciexpress.in