Thomas Cook (india) Limited · NSE:THOMASCOOK
Thomas Cook (india) — Q2 FY19 Earnings Presentation
33 slides from Thomas Cook (india)'s earnings presentation, September 2018
Slide 1: Q2 FY19 Investor Presentation
Q2 FY19 Investor Presentation Thomas Cook India Limited (TCIL) BSE: 500413 | NSE: THOMASCOOK
Slide 2: Presentation Outline
Presentation Outline 1 Thomas Cook India Group offers a compelling value proposition 2 Q2 & H1FY19 Financial Performance 3 Supplementary Information 2
Slide 3: Thomas Cook India Group offers a compelling value proposition
Thomas Cook India Group offers a compelling value proposition How we create value Cohesive travel & allied services ecosystem 1 Broad array of products Creating new growth Transformation in newly Scalable go-to-market & value added services engines acquired business strategy Resilient financial prof
Slide 4: Cohesive travel & allied services ecosystem
Thomas Cook India Group offers a compelling value proposition Cohesive travel & allied services ecosystem 1 A) Broad array of B) Creating new growth C) Transformation in D) Scalable go-to- products & value engines international DMS market strategy added services entities
Slide 5: A) Broad array of products & value added services
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth A) Broad array of products & value added services What We Offer Integrated business Travel Services Travel Related Financial Services model creates value through scale and B2C B2B flexibility • Outb
Slide 6: Business Segments – Travel
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth Business Segments – Travel B2C Revenue Mix - FY18 Outbound Domestic Visa Outbound business Domestic Travel Caters to corporate 4% comprises of Leisure comprises of clients, walk-ins & Outbound, E- d
Slide 7: Business Segments – Travel Related Financial Services
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth Business Segments – Travel Related Financial Services Forex • One of India’s largest foreign exchange dealers with dominance in the wholesale segment and keen focus on the retail market as well • AD
Slide 8: B) Creating new growth engines
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth B) Creating new growth engines Domestic Online • TCIL forayed into the domestic market in 2012 and since then has been • Ecommerce accounts for over 25% of the packaged holidays business and success
Slide 9: C) Transformation in international DMS entities
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth C) Transformation in international DMS entities • TCIL acquired this business in June 2017, and has since then been committed to increasing volumes and containing losses. • Key drivers New segments
Slide 10: D) Scalable go-to-market strategy
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth D) Scalable go-to-market strategy BRAND MARKET SCALE & OMNI CHANNEL EQUITY PRESENCE CAPABILITIES NETWORK • Leveraging a portfolio • Breadth and efficiency of • Enhanced scale & capabilities • Hybrid
Slide 11: Omni Channel – Hybrid 'Clicks & Bricks' model
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth Omni Channel – Hybrid ‘Clicks & Bricks’ model Thomas Cook Retail Outlets Thomas Cook E-commerce Thomas Cook Call Centre Retail branches www.thomascook.in 1800-2099-100 • 286 owned branches including
Slide 12: Resilient financial profile
Thomas Cook India Group offers a compelling value proposition Resilient financial profile 2 Growth focused agenda Balance Sheet Strength Orientation towards cashflow generation
Slide 13: Growth focused agenda, Balance Sheet Strength, Cashflow generation
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth Growth focused agenda Balance Sheet Strength Orientation towards cashflow generation • Scalable and diversified model to • Leaner balance sheet • TCIL’s operations are characterized provide access t
Slide 14: Solid platform for future growth
Thomas Cook India Group offers a compelling value proposition 3 Solid platform for future growth A) Focus B) Invest C) Grow • Excellence in execution • Online & digital technology • Investing prudently to achieve growth • Expanding reach • Innovation & deliver value for shareholders • Customer centr
Slide 15: A) Focus
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth A) Focus. Excellence in execution Expanding reach Customer centricity • Driving consolidation within the group- • Integrated value chain provides access • Key business priorities well aligned to res
Slide 16: B) Invest
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth B) Invest. Online and digital Culture of Innovation Enhance and expand technology organization capability • Adopt scalable and emerging technologies and • Utilize insight-driven and research-based •
Slide 17: B) Invest – Key Initiatives: Online and Digital Technology
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth B) Invest. Key Initiatives - Online and Digital Technology Customer Experience Sales Productivity Efficiency Enhancement Integrated Customer Self Service Module- for both the Voyager a dynamic FIT p
Slide 18: B) Invest – Key Initiatives: Innovation
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth B) Invest. Key Initiatives - Innovation 18
Slide 19: C) Grow
1 Cohesive travel services ecosystem 2 Resilient financial profile 3 Solid platform for future growth C) Grow. FINANCIAL PERFORMANCE OVERVIEW Invest prudently to deliver Targeted acquisitions and growth & deliver value for partnerships to enhance shareholders growth • Drive the levers of value creat
Slide 20: Q2 & H1 FY19 Financial Performance
2 Q2 & H1 FY19 Financial Performance
Slide 21: Results – Q2 FY19 Consolidated
Results – Q2 FY19 Consolidated Comparable Reported Particulars (Rs. mn) Q2 FY19 Q2 FY18 Shift (%) Q2 FY19 Q2 FY18 Revenue from Operations 15,951.5 14,020.8 13.8% 15,998.8 27,973.3 Other Income 107.2 (17.6) - 112.7 150.6 Total Income from Operations 16,058.7 14,003.2 14.7% 16,111.5 28,123.9 Total Cos
Slide 22: Results – Q2 FY19 Consolidated (Segments)
Results – Q2 FY19 Consolidated Comparable Reported Particulars (Rs. mn) Q2 FY19 Q2 FY18 Shift (%) Q2 FY19 Q2 FY18 Segment Revenue (a) Financial Services * 695.6 630.0 10.4% 729.6 630.0 (b) Travel and Related Services * 14,724.9 12,806.2 15.0% 14,738.2 12,806.2 (c) Human Resource Services 10.9 33.2 (
Slide 23: Travel and Related Services revenue breakup – Q2 & H1 FY19
Travel and Related Services revenue breakup – Q2 & H1 FY19 Revenue from Operations 1 (Rs mn) and revenue mix 0.4% -4% 14,725 Q2 FY19 26% 12,806 48% 4% 2% 1% 22% Q2 FY19 Q2 FY18 Outbound MICE Domestic Croporate Travel Travel segment gross operating margins Inbound DMS Others Elimination Avg full year
Slide 24: Results – H1 FY19 Consolidated
Results – H1 FY19 Consolidated Comparable Reported Particulars (Rs. mn) H1 FY19 H1 FY18 Shift (%) H1 FY19 H1 FY18 Revenue from Operations 29,426.0 25,983.2 13.2% 36,844.0 56,704.7 Other Income 268.7 192.3 39.8% 271.6 363.1 Total Income from Operations 29,694.7 26,175.5 13.4% 37,115.6 57,067.8 Total
Slide 25: Results – H1 FY19 Consolidated (Segments)
Results – H1 FY19 Consolidated Comparable Reported Particulars (Rs. mn) H1 FY19 H1 FY18 Shift (%) H1 FY19 H1 FY18 Segment Revenue (a) Financial Services * 1,389.5 1,385.7 0.3% 1,459.9 1,385.7 (b) Travel and Related Services * 26,773.2 23,235.4 15.2% 34,120.9 27,031.3 (c) Human Resource Services 18.2
Slide 26: Results Background – Q2FY19
Results Background – Q2FY19 Group Consolidated • On a comparable basis, consolidated revenue from operations for the quarter increased by 14% y-o-y to Rs. 15.9 bn from Rs. 14 Bn. • Consolidated PBT of core businesses (Travel & Forex) increased to Rs. 143 mn. as against a loss of Rs. 226 mn. on a com
Slide 27: Results Background – Q2FY19 (Vacation ownership, material events)
Results Background – Q2FY19 Vacation ownership & resorts business • Despite Q2 being a lean season and the impact of heavy floods in key resort locations (Thekkady, Munnar & Wayanad in Kerala and Manali & Kufri in Himachal Pradesh), revenues for the quarter on a comparable basis stood at Rs. 584 mn.
Slide 28: Management comments- Q2 & H1 FY19
Management comments- Q2 & H1 FY19 Commenting on the results, Mr. Madhavan Menon, Group Chairman and Managing Director, said: “The second quarter has witnessed a strong performance across our core travel and foreign exchange businesses; our global Destination Management acquisitions delivering well o
Slide 29: Supplementary Information
3 Supplementary Information
Slide 30: Thomas Cook Group Structure
Thomas Cook Group Structure Thomas Cook Group 100% in all Operating companies Travel Services Group (TSG) Portfolio Investments 100% 49.02% Kuoni Hong Overseas Sterling TCIL SOTC TCI* Quess Corp Kong DMS Holidays Private Safaris Private Safaris Desert Luxe Asia Asian Trails Allied T Pro South Africa
Slide 31: Portfolio Investments – Vacation Ownership & Resorts
Portfolio Investments – Vacation Ownership & Resorts • Sterling Holiday Resorts Limited (Sterling Holidays) is a leading holiday lifestyle company in India and the pioneer of Vacation Ownership (VO) in India • It has a current inventory of 2177 rooms spread across 33 resorts Key Indicators FY 14 FY
Slide 32: Contact Us
Contact Us For further information please contact Debasis Nandy Urvashi Butani President and Group CFO General Manager- Investor Relations Tel: +91 22 4242 7000 Tel: +91 22 4242 7095 Email: Debasis.Nandy@in.thomascook.com Email: Urvashi.Butani@in.thomascook.com Corporate Identification No: L63040MH1
Slide 33: Disclaimer
Disclaimer This presentation has been prepared by Thomas Cook (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or dissemi