Slide 1: Q3 FY2022 Earnings Presentation
Q3 FY2022 Earnings Presentation
Slide 2: Q3 FY2022 Highlights
Q3 FY2022 Highlights Delivered highest ever quarterly Revenue of Rs. 289 Cr, an increase of 9.4% on Y-o-Y and 4.8% on sequential basis EBITDA of Rs. 49.3 Cr, with EBITDA margins remain strong at 17%. Board of directors have announced 2nd quarterly dividend of Rs. 3 per share Key Highlights Rs. 289 C
Slide 3: 9M FY2022 Highlights
9M FY2022 Highlights Revenue growth of 38.8% on Y-o-Y, despite first quarter being impacted due to second wave of Covid-19 Announced 2nd interim dividend of Rs. 3 per share in Q3 FY22, taking 9 months dividend to Rs. 6 per share representing a payout of 300 % on the face value for 9M FY2022 Total In
Slide 4: Management Perspective
Management Perspective Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “Q3 FY2022 was a mixed quarter, we continued to see quicker recovery across industries with the businesses started reaching near pre- covid levels and the economic activities began to normalize. In Octobe
Slide 5: Fastest Express Delivery Company in India
Fastest Express Delivery Company in India TCI Express 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 I
Slide 6: Why TCI Express?
Why TCI Express? Ranked 448 in Top 500 Companies based on Market Cap, as on March 31, 2021 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 850+ Pharma Cold 500+ Chain Rail Express Express Express Services Domestic and E Commerce International Air Express C2C Express 7 www.tciexpress.in
Slide 8: Financial Performance
Financial Performance Q3 Y-o-Y Q2 Q-o-Q Nine Months Y-o-Y Particulars (in Cr) FY2022 FY2021 Growth (%) FY2022 Growth (%) FY2022 FY2021 Growth (%) Income from Operations 286.9 262.5 9.3% 273.4 4.9% 783.3 564.2 38.8% Other Income 2.1 1.7 2.4 6.1 4.6 Total Income 289.0 264.2 9.4% 275.8 4.8% 789.4 568.8
Slide 9: Q3 FY2022 Performance Discussion
Q3 FY2022 Performance Discussion • Total Income for the quarter stood at Rs. 289 Crores, registering an increase of 9.3% y-o-y and an increase of 4.8% on Q-o-Q basis. This growth was driven by strong recovery in economic activities ahead of festive season and growing demand from SME customers • EBIT
Slide 10: 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 Mar-21 Sep-21 Dec-21 Receivables Days Long Term Debt 1.0 0.5 0.4 Short Term Debt 0.9 0.9 21.6 Total Debt 2.0 1.5 21.9 49 50 47 48 Less: Ca
Slide 11: Quarter Performance Trends
Quarter Performance Trends Consistent improvement financial performance and maintaining strong margin profile Total Income EBITDA and Margins 282.9 289.0 57.4 264.2 275.8 47.0 47.6 49.3 224.6 20.3% `17.8% 33.7 17.3% 17.0% 15.0% Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22
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 77.5 81.1 73.9 63.5 67.1 53.2 49.2 11.2 2.4 FY2018 FY2019 FY2020 FY2021 9M FY2022 Cash Flow from Operations Free Cash Flows • Cash flow from operation
Slide 13: 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 industry verticals ❑ Continuous expansion in Metro and Tier I Cities through new branch offices ❑ Contribution of new and
Slide 14: 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 • C2C Express • Rail Express • Air Express Create Wealth for Full focus on all Stakeholders technological advanceme
Slide 15: Capex Plan
Capex Plan Company continue to invest in automation at Gurgaon sorting centre and it should be operational by February 2022 Pune sorting centre is operational, and TCI Express remains committed to improve turnaround time Gurgaon Sorting Centre Pune Sorting Centre Location: Pune Location: Gurgaon Are
Slide 16: 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 17: 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 18: 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 19: 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 of best standard operating pr
Slide 20: FY2021 Highlights
FY2021 Highlights Strong finish to a challenging FY2021, delivered EBITDA of Rs. 142 Crores and Net Profit of Rs. 101 Crores with improved margins Total Income (17.8)% 34.3% Rs. 852 crore Y-o-Y FY2020: Rs. 1,036 crore FY2021 ROCE EBITDA | Margins% 26.1% Rs. 142 crore | 16.7% 13.0% FY2020: Rs. 126 cr
Slide 21: Annual Performance Trends
Annual Performance Trends 5 Year track record of consistently delivering enhanced margins and profitability Total Income from Operations EBITDA and Margins CAGR +3.0% CAGR +22.4% 1,027.0 1,036.3 142.0 130.6 887.2 851.6 122.2 125.7 751.6 789.4 92.7 63.3 16.7% 10.5% 11.9% 12.1% 8.4% 16.5% FY2017 FY201
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 (%) 6.0 44.3% 39.9% 38.3% 4.0 4.0 34.3% 34.1% 24.8% 3.0 2.5 16.4% 15.8% 17.2% 15.3% FY2018 FY2019 FY2020
Slide 23: Leading Margins and Profitability in the Industry (FY2021)
TCI Express – Leading Margins and Profitability in the Industry (FY2021) EBITDA Margins % ROCE % 16.7% 34.3% 27.7% 11.8% 10.1% 15.2% 10.8% 10.5% 6.5% 4.6% 2.8% nm TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 EBIT Margins % 15.6% ROE % 7.6% 5.7% 26.1%
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 $20,494 Bn 0.1% 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 P Agarwal 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
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 17 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 Environment Social • Focused on implementing robust environmental • TCI Foundation, the social arm of TCI Express, is practices across operations
Slide 29: 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 30: Awards & Recognition
Awards & Recognition Corporate Governance Award 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 Image required Industry Recognition Building a high trust The Economic Business & Perfomance Times Ico
Slide 31: Awards & Recognition
Awards & Recognition Award “Most Preferred Brands 2021” award within the SCALE award for the best “Express Courier” company by CII category of “Express Logistics Company” Institute of Logistics in Dec-2021 31 www.tciexpress.in
Slide 32: 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 33: 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 33 www.tciexpress.in