Thomas Cook (india) Limited · NSE:THOMASCOOK
Thomas Cook (india) — Investor Presentation (May 2012)
19 slides from Thomas Cook (india)'s investor presentation, May 2012
Slide 1: Thomas Cook India Investor Presentation
Thomas Cook India Investor Presentation May 2012
Slide 2: Important Notice
Important Notice This presentation is published for general information purposes and the information contained herein does not constitute or form part of an offer or invitation, or a solicitation of any offer, or recommendation for the purchase or subscription of securities or any interest in the Co
Slide 3: India's Leading Integrated Forex And Travel Operator
India’s Leading Integrated Forex And Travel Operator Segment Revenue (2011A) Leading integrated foreign exchange and travel services company − 2011 revenue of Rs. 4,027m (up 18.3% from 2010) Financial Services − 2011 EBITDA of Rs. 1,177m (up 19.0% from 2010) 12% − Operations in India since 1881
Slide 4: Company History
Company History 1881 February March 2008 July 2010 First office is established 2007 Thomas Cook UK Limited TCIL enters into seven‐year in Mumbai Merger with acquires 74.9% in the agreement with New Delhi LKP Forex company International Airport and launches February 1983 nine foreign exchange and tra
Slide 5: Benefits Of Operating A Fully Integrated Forex And Travel Platform
Benefits Of Operating A Fully Integrated Forex And Travel Platform Intra‐Group Synergies Travel Cross‐Selling • Outbound • Inbound Marketing & brand • MICE / Domestic Leverage footfall • Corporate Distribution network Leverage online platform Operating and infrastructure costs Customer a
Slide 6: Attractive Market With Strong Growth Characteristics
Attractive Market With Strong Growth Characteristics Supportive macro backdrop and dynamics... Strong Real GDP Growth (2011‐2015E) Young Population Increase in Discretionary Spending China 8.3% India 8.2% 53% 58% 65% Africa 5.2% 39.1% 42.7% 48.6% Brazil 4.8% 2000A 2010A 2040E 2005A 2010A 2015E 25‐59
Slide 7: Our Broad Distribution Network Ensures We Are Well Positioned To Capture This Growth
Our Broad Distribution Network Ensures We Are Well Positioned To Capture This Growth India 151 Own stores Own stores 117 Franchises Franchises 166 PSAs PSAs 29 Extension counters 2 Extension counters 7 2 6 4 211 Mauritius 42 2 3 3 2 3 5 4 3 2 2 4 6 2 17 86 8 3 2 4 4 2 16 own stores 3 2 India ‐ Key p
Slide 8: Presence In Wholesale, Retail And Corporate Forex
Presence In Wholesale, Retail And Corporate Forex Segments Characteristics Wholesale Purpose: bulk note consolidation and bulk sale Institutions High volume and low margin business (Banks, Full Fledged Money Changers, Restricted Money Extremely sensitive to market movements and pricing Changer
Slide 9: Broad Product And Service Offering For Retail And Corporate Forex Customers
Broad Product And Service Offering For Retail And Corporate Forex Customers Bank Notes Buying / selling Export Services provided in 26 currencies Traveller American Express traveller cheques Cheques Provided in six currencies: USD, GBP, Euro, AUD, JPY, CAD Pre‐paid Re‐loadable and accept
Slide 10: Forex Operational Overview
Forex Operational Overview Day 0 Day 1 Day 2 Customers INR Funds Point of Sale / Purchase of Foreign Exchange Banks Retail Outlets (Interbank (Own Stores, Retail Customers Parties) GCPs) Surplus (Tourists, NRIs, Settle Interbank Students, Business Currency Contracts Travellers, etc.) Dealing Room Mo
Slide 11: Leisure Outbound Overview
Leisure Outbound Overview List of Products & Services Leading outbound tour operator by sales and passengers Air tickets Tour guides − Offers outbound tour packages consisting of Cruises Packages numerous components to c. 50 countries Rail tickets − Fully independent Tours − Also act as
Slide 12: MICE & Domestic Travel Overview
MICE & Domestic Travel Overview MICE Domestic Travel Leading MICE player by sales Domestic offers tour packages and individual tour components to domestic travellers Comprehensive MICE solutions provided Distribution through multiple channels (own stores, GCPs, travel agents, website) Usua
Slide 13: Inbound Travel Overview
Inbound Travel Overview List of Products & Services Top three inbound player in India by sales1 Individual tours Emergency medical assistance Two brands: Group escorted tours Airport transfers Key markets: Europe, Japan and the US MICE Excursions Broad network of travel agents an
Slide 14: Corporate Travel Overview
Corporate Travel Overview List of Products & Services Amongst top 3 corporate travel players in India Air tickets Passport and visa Provides both travel products and travel budget services Hotel accommodation management services Foreign exchange Car rental services Distribution throu
Slide 15: Business Drivers
Business Drivers Travel Travel‐related Services Product Outbound Introduce new destinations for Increase penetration, in particular Offering GIT and FIT Pre‐paid Cards retail pre‐paid cards Destinations Packages for niche holidays (e.g. Outbound cultural tours, religious tours, Remittances Increase
Slide 16: Track Record Of Growth And Profitability
Track Record Of Growth And Profitability Net revenues (2009A–2011A) EBITDA (2009A–2011A) Net income (2009A–2011A) (Rs. m) (Rs. m) (Rs. m) 4,027 1,177 562 3,406 989 472 2,746 731 250 2009A 2010A 2011A 2009A 2010A 2011A 2009A 2010A 2011A Note: Net Revenues and EBITDA includes other income 15
Slide 17: Key Financials
Key Financials (Rs m) 2009 2010 2011 (Rs m) 2009 2010 2011 Sources of Funds Cash Flow Shareholders' Funds Cash Flow from Operations 810 82 1,460 Common Equity 211 212 212 Cash Flow from Investing (513) 8 (300) (1) Preference Capital 6 6 6 Cash Flow from Financing (615) 18 (50) Reserves & Surplus 2,8
Slide 18: Segmental Performance
Segmental Performance Travel & Related Services Financial Services (Rs. m) 2009 2010 2011 CAGR (Rs. m) 2009 2010 2011 CAGR Net Revenues 2,235 2,720 3,303 21.6% Net Revenues 417 384 435 2.1% Growth (16.8%) 21.7% 21.4% Growth 0.6% (8.0%) 13.2% Segment result 767 1,129 1,286 29.5% Segment result 257 19
Slide 19: Potential For Growth
Potential For Growth Net revenues (2012E–2014E) EBITDA (2012E–2014E) Net income (2012E–2014E) (Rs. m) (Rs. m) (Rs. m) 5,648 1,732 4,927 869 4,340 1,435 1,295 666 547 2012E 2013E 2014E 2012E 2013E 2014E 2012E 2013E 2014E Leisure Travel(1) and MICE account for 33% of total revenues (2011A) and are e
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