Vrl Logistics Ltd. · NSE:VRLLOG
Vrl Logistics — Q2 FY2024-25 Earnings Presentation
28 slides from Vrl Logistics's earnings presentation, Nov 13, 2024
Slide 1: Submission of Earnings Presentation to stock exchanges
Corporate Office: Giriraj Annexe Circuit House Road HUBBALLI- 580 029 Karnataka State Phone : 0836- 2237511 Fax : 0836 2256612 e-mail : headoffice@vrllogistics.com To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No.C/1, G-Block, Dalal Street Ba
Slide 2: Q2 FY2024-25 Earnings presentation
Q2 FY2024-25 Earnings presentation 1
Slide 3: Disclaimer
DISCLAIMER • Certain statements contained in this document may be statements of future expectations/forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results/performance or events to di
Slide 4: VRL – Market Leader in B2B Parcel Segment
VRL – MARKET LEADER IN B2B PARCEL SEGMENT Creating Value by capitalizing on Owned Infrastructure Only “Owned Asset” organised Dedicated In-house maintenance facilities, 1 player in Less than Truckload 4 inventory of spare parts and In-house logistics business in India software & technology capabilit
Slide 5: Company at a glance: workforce, customers, hubs, vehicles
22000+ WORKFORCE led by experienced 9 LAKH + management 50 CUSTOMER BASE MASSIVE TRANSHIPMENT 1247 HUBS HIRED VEHICLES BRANCHES ENGAGED ON NEED BASIS 6158 OWNED VEHICLES .
Slide 6: Key Metrics
KEY METRICS Q2YoY QoQ H1YoY Total Income 80198 80198 154396 12% 8% 10% (₹ in Lakhs) 71533 74198 139843 1247 1247 1247 Branches (Number’s) 82 2 82 1165 1245 1165 Tonnage Delivered 1093 1093 2163 (in‘000s) 4% 2% 5% 1048 1070 2050 87087 87087 87087 Capacity Addition (tons) 3% (1%) 3% 84726 88198 84726
Slide 7: Q2 FY25 Earnings Highlights
Q2 FY25 EARNINGS HIGHLIGHTS A Strong Quarter marked by: • Substantial Revenue Growth; Improved Profit Margins; Robust Cash Flow • Demonstrating effective Cost Management and Strategic Execution • Total Income up by 12% YoY & 8% QoQ • EBITDA up by 39% YoY & 33% QoQ • PBT up by 82% YoY & 180% QoQ • PA
Slide 8: Financials
FINANCIALS Q2 Q2 YoY Q1 QoQ 6M 6m YoY ₹ in Lakhs FY25 FY24 Growth (%) FY25 Growth (%) 6MFY25 6MFY24 Growth (%) Revenue from 79948 70933 13% 72721 10% 152669 138355 10% Operations Other Income 250 600 (58%) 1477 (83%) 1727 1488 16% Total Income 80198 71533 12% 74198 8% 154396 139843 10% EBITDA 13553
Slide 9: Financial Performance
FINANCIAL PERFORMANCE KEY POINTS • Revenue from operations increased by 13% Q2YoY, 10% QoQ, & 10% H1 YoY • Successful implementation of freight hikes resulted into higher realisations and improvement in margins • Freight hikes were implemented across all sectors and Geographies leads to increase in
Slide 10: Profitability Analysis Q2 YoY
PROFITABILITY ANALYSIS Q2-25 Q2-24 Difference Q2 YOY (%) Reasons (% to Revenue) EBITDA 16.90% 13.68% 3.22% Increase in Freight Rates leads to improvement in margins • Fuel consumption qty increased by 4.7% due to increase in kms run by own vehicles. Fuel cost 28.62% 31.17% (2.55%) • Average procurin
Slide 11: Profitability Analysis Q2 QoQ
PROFITABILITY ANALYSIS Q2-25 Q1-25 Difference QOQ (%) Reasons (% to Revenue) EBITDA 16.90% 13.70% 3.20% Increase in Freight Rates leads to improvement in margins • Fuel consumption qty increased by 7.9% • Average purchase cost per litre of fuel down by 0.3% from Rs 86.18 Rs 85.91 Fuel cost 28.62% 28
Slide 12: Profitability Analysis H1 YoY
PROFITABILITY ANALYSIS H1-25 H1-24 Difference H1YOY (%) Reasons (% to Revenue) EBITDA 15.36% 14.92% 0.44% Increase in Freight Rates leads to improvement in margins • Fuel consumption qty increased by 5.7% , Fuel cost 28.68% 30.48% (1.80%) • Average purchase cost per litre of fuel down by 1.9%, from
Slide 13: Financials: Total Income and EBITDA
FINANCIALS QUARTERLY TOTAL INCOME FY24 TOTAL INCOME 80198 290972 266287 218037 74198 159275 71533 Q2FY24 Q1FY25 Q2FY25 FY21 FY22 FY23 FY24 QUARTERLY EBITDA and MARGINS(%) FY 24 EBITDA and MARGINS(%) EBITDA MARGIN(%) 39136 41600 41454 16000 13553 18 14000 17 26641 12000 9783 10167 16 10000 16.90 15 8
Slide 14: Tonnage and Realisation
TONNAGE AND REALISATION GT Tonnage (in '000 tons) 1130 1092 1070 1093 1031 1048 1009 1002 967 905 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 11500+ TONS SERVICED ON A DAILY BASIS (Q2FY2025) 7241 6691 6683 6649 6654 6650 6681 6669 6724 6723 Q1 FY23 Q2 FY23 Q3 FY23 Q4
Slide 15: Consistent Growth in Tonnage & Realisation
CONSISTENT GROWTH IN TONNAGE & REALISATION 6584 6669 6676 6268 6047 5698 5825 5429 5179 4972 4689 4180 4276 3912 3227 2959 2659 2787 2596 2619 2624 2541 2363 2406 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 REALISATION PER TON GT TONNAGE ('000 TONS
Slide 16: B2B Focus
B2B FOCUS LTL 90% Focus on high margin LTL business • LTL involves transportation of consignments belonging to multiple customers in single vehicle • Our wider reach and adequate infrastructure helps TO PAY 70% in aggregating less than truckload consignments from (Freight realization at delivery var
Slide 17: Fleet
FLEET v
Slide 18: Owned Fleet
OWNED FLEET 1 W e take pride in our extensive fleet of modern, well-maintained vehicles that are backed by company owned maintenance facilities across India optimized for efficiency and reliability. 2 O ur diverse fleet includes a wide range of trucks, trailers, and specialized equipment to handle a
Slide 19: Fleet & Capacity
FLEET & CAPACITY Total GT Vehicles : 1.17% 1.81% Percent to capacity 9.16% 6158 --excluding 16.70% Cranes(14) and < 5tons Tankers(24) 13.14% 5-10 tons GT vehicles carrying 10-15 tons Capacity: 87087 tons 15-20 tons 14.91% 20-25 tons 216 Trailers as on 25-30 tons 30.09.2024 43.12% 37550 >30 tons 1298
Slide 20: 6158 Company owned vehicles
300 New Vehicles added in H1FY25 Currently operating with 216 6158 Company owned vehicles Trailers Total Goods Transportation Fleet Capacity at 87087 tons 5038 (82%) debt free vehicles 1404 (23%) vehicles fully depreciated and operating in optimal condition Additional Usage of Hired Vehi
Slide 21: Network
NETWORK v
Slide 22: Network
NETWORK LADAKH-UT 02 Integrated hub-and-spoke operating model ensuring J&K-UT 09 efficient consignment distribution HP 15 CH-UT PB 01 34 UK 09 DL HY 36 40 UP RJ 60 30 AS- 11 BR 18 ML-01 MP JH WB TR GJ 10 20 47 01 100 CG 12 OR 24 1247 BRANCHES UT (DM & SL) MH 3 153 TG 62 Robust pan India network ac
Slide 23: Wide Range of Sectors Served
WIDE RANGE OF SECTORS SERVED Expertise In Handling Pharma Agriculture No single customer Variety of Commodities Products & Goods contributing more than Clothes Implements & Electrical & Plastics ~1% of Total Revenue Textiles Electronics Diversified B2B Customer Goods Base across Wide Range Sports St
Slide 24: State of the Art Technology
STATE OF THE ART TECHNOLOGY Operations Monitoring System : IT Advance Consignment E-way bill, E-invoice GST ERP system: In- systems in place to monitor vehicle Management system : Compliance - Complete house movement, fuel consumption per Advanced consignment automation of the compliance developed E
Slide 25: Key Developments – H1FY25
KEY DEVELOPMENTS – H1FY25 Addition of 54 new branches in H1FY25. Closed -16 branches. Total number of branches as on 30.09.2024 is 1247 Expansion of existing Branch Area/TPT Area at select locations Number of GT Vehicles increased from 5994 vehicles in FY24 to 6158 vehicles in H1FY25. New Vehicles a
Slide 26: Leverage Metrics
LEVERAGE METRICS Net Debt to Equity Gearing Ratio 10144 12990 16794 26206 25984 21.70% 20.71% 14.52% 16.63% 14.70% 0.2 0.2 0.2 0.3 0.3 FY21 FY22 FY23 FY24 Q2FY25 FY21 FY22 FY23 FY24 Q2FY25 Net debt/Equity(x) Net debt position (Lakhs) Note : Debt for the above purpose includes non-current borrowings,
Slide 27: Strategic priorities: core goods transportation and geographic expansion
Focus solely on core competency- Goods Transportation Business Focus on increasing Geographic presence in hitherto untapped markets Priority to Volume Growth. Increase in Freight Rates as & when required Planned fleet addition in line with growth in Tonnage 26
Slide 28: For further discussions or queries, please contact
For further discussions or queries, Please contact Sunil Nalavadi Chief Financial Officer +91 93425 59298 cfo@vrllogistics.com 27