Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q4 FY2022 Earnings Presentation
49 slides from Tci Express's earnings presentation, May 27, 2022
Slide 1: Outcome of Board Meeting - TCI Express Limited
TCIE23PRESS 2021-22 LEADER IN EXPRESS May 27, 2022 To Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers Exchange Plaza, C-l, Block G, Dalai Street - Mumbai- 400001 Bandra Kurla Complex, Bandra (E) Mumbai -400 051 Scrip Code: 540212 Scr
Slide 2: Board meeting outcome letter (continued)
2 : Further, the Nomination and Remuneration Committee has also decided to amend the exercise period of the existing options granted to the eligible employees under its ESOS-Plan 2016 (Part V-Tranche-1). Pursuant to the SEBI Circular NO.SEBi/HO/DDHS/CIR/P/2018 144 dated November 26,2018, a declarati
Slide 3: Statement of Audited Financial Results, March 2022
C.piK»oejhj Qg/uiJ TCI EXPRESS LIMITED TCIEXPRESS CIN:L62200TG2008PLC061781 Regd. Office : Flat Nos. 306 & 307,1-8-271 to 273, Ashoka Bhoopal Chambers, S.P. Road, LEADER IN EXPRESS Secunderabad - 500 003 (TG) Corp. Office : TCI House, 69 Institutional Area, Sector-32, Gurugram-122 001 Tel.: + 91124
Slide 4: Summary of Assets and Liabilities
TCI EXPRESS LIMITED TCIEXPRESS CIN:162200TG2008PLC061781 LEADER IN EXPRESS Regd. Office : Flat Nos. 306 & 307,1-8-271 to 273, Ashoka Bhoopal Chambers, S.P. Road, Secunderabad - 500 003 (TG) Corp. Office: TCI House, 69 Institutional Area, Sector-32, Gurugram-122 001 Tel.: + 91 124 2384090, E-mail: se
Slide 5: Cash Flow Statement
TCI EXPRESS LIMITED TCtEXPRESS CIN:L62200TG2008PLC061781 Regd. Office : Flat Nos. 306 & 307, 1-8-271 to 273, Ashoka Bhoopal Chambers, S.P. Road, IfAOER IN EXPRESS Secunderabad - 500 003 (TG) Corp. Office : TCI House, 69 Institutional Area, Seetor-32, Gurugram-122 001 Tel.: +91124 2384090, E-mail: se
Slide 6: Independent Auditor's Report
•Sr R. S. Agarwala & Co. 28, Black Burn Lane Chartered Accountants 3rd Floor, Kolkata-700 012 Telephone:-(033) 2237 7682 (033) 2236 9330 email:- rsagarwalaco@gmail.com Independent Auditor's Report on the Quarterly and Year to Date Audited Financial Results of the Company Pursuant to the Regulation 3
Slide 7: Independent Auditor's Report (continued)
- -' <& R. S. Agarwala & Co. 28, Black Burn Lane Chartered Accountants 3rd Floor, Kolkata-700 012 Telephone:-(033) 2237 7682 (033) 2236 9330 email:- rsagarwaiaco@gmaii.com principles generally accepted in India including Ind AS prescribed under Section 133 of the Act, read with relevant rules issued
Slide 8: Independent Auditor's Report (continued)
t R. S. Agarwala & Co. 28, Black Burn Lane Chartered Accountants 3rd Floor, Kolkata-700 012 Telephone:-(033) 2237 7682 (033) 2236 9330 email:- rsagarwalaco@gmail.com • Conclude on the appropriateness of the management’s use of the going concern basis of accounting and, based on the audit evidence ob
Slide 9: Declaration on Audit Report with Unmodified Opinion
Sy 27, 2022 LEADER IN EXPRESS To, Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers Exchange Plaza, C-l, Block G, Dalai Street- Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Mumbai-400 051 Scrip Code: 540212 Scrip Symbol: TCIEXP Dear
Slide 10: Annexure-2: Proposed Buyback
Annexure-2 The Board of Directors of TCI Express Limited {the "Company"), has considered the proposal to buy-back fully paid-up equity shares of face value of ^ 2 each ("Equity Shares") from the equity shareholders of the Company (other than the promoters, the promoters group and persons in control
Slide 11: Annexure A: Shareholding Pattern
2 Annexure A. Sr. Category As on 20.05.2022 no No. of Shares held % to total Capital A Promoters and Promoters Group 25,672,180 66.69 1 Indian Promoter including HUF . 59,69,878 15.51 2 Bodies Corporate 17,214,805 44.72 3 Partnership Firm 24,87,497 6.46 B Non-Promoters Holding 1,28,22,945 33.31 4 Mu
Slide 12: Annexure-3: Large Corporate Disclosure
Annexure-3 Seay NEUEN fret TCIEX@FESS ———— LEADER IN EXPRESS———— April 07, 2022 To, 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
Slide 13: Annexure-4: Press Release
Annexure-4 Press Release May 28, 2022 TCI Express Limited TCI House 69, Institutional Area, Sector - 32 Gurugram - 122001, Haryana, India Revenue impacted due to lockdown restrictions, maintained stable EBITDA and PAT margins Highest ever annual Revenue of Rs. 1,090 Cr, and Generated Profits of Rs.
Slide 14: Press Release (continued)
Press Release May 28, 2022 approved the buyback amounting ~Rs. 75 Crores through an open offer at an indicative price of Rs. 2,050 per share, subject to shareholders approval. In FY22, the company has many important achievements to its credit, we have successfully operationalized Pune and Gurgaon so
Slide 15: Press Release forward-looking statements
Press Release May 28, 2022 legislative developments, and other key factors that could affect our business and financial performance. TCI Express undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.
Slide 16: Q4 & FY2022 Earnings Presentation
Q4 & FY2022 Earnings Presentation
Slide 17: FY2022 Highlights
FY2022 Highlights Highest ever annual Revenue of Rs. 1,090 Total Income Cr, and Generated Profits of Rs. 129 Cr, 27.9% 35.5% both registering a growth of 28% on Y-o-Y Rs. 1,090 crore Y-o-Y FY2022 ROCE FY2021: Rs. 852 crore Continues to maintain strong EBITDA margins despite sharp jump in fuel prices
Slide 18: Q4 FY2022 Highlights
Q4 FY2022 Highlights Record quarterly Revenue of Rs. 300 Cr, up by 6.2% Y-o-Y and 3.9% on Q-o-Q basis EBITDA of Rs. 52.3 Cr, with strong operating margins of 17.4% backed by higher capacity utilization and operational efficiencies Key Highlights Rs. 300 Cr Rs. 52 Cr ▪ Despite the challenging economi
Slide 19: Management Perspective
Management Perspective Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “The last quarter of the fiscal year ended on an overall positive note, economy continued to move forward on the recovery path and broad- based improvement was visible across industries. Index for Industr
Slide 20: 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 21: Why TCI Express?
Why TCI Express? Ranked 412 in Top 500 Companies based on Market Cap, as on March 31, 2022 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 22: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Company Surface Branches Express 900+ Pharma Cold 500+ Chain Rail Express Express Express Services Domestic and E Commerce International Air Express C2C Express 7 www.tciexpress.in
Slide 23: Financial Performance
Financial Performance Q4 Y-o-Y Q3 Q-o-Q Y-o-Y In Crores FY2022 FY2021 Growth (%) FY2022 Growth (%) FY2022 FY2021 Growth (%) Income from Operations 298.2 279.8 6.6% 286.9 3.9% 1,081.5 844.0 28.1% Other Income 2.1 3.1 2.1 8.2 7.6 Total Income 300.3 282.9 6.2% 289.0 3.9% 1,089.6 851.6 27.9% EBITDA 52.3
Slide 24: Q4 FY2022 Performance Discussion
Q4 FY2022 Performance Discussion • Total Income for the quarter stood at Rs. 300 Crores, registering an increase of 6.2% y-o-y and an increase of 3.9% on Q-o-Q basis. This growth was driven by strong recovery in economic activities and demand recovery post-festive season and growing demand from MSME
Slide 25: Quarter Performance Trends
Quarter Performance Trends Consistent improvement in financial performance and maintaining strong margin profile Total Income EBITDA and Margins 289.0 300.3 57.4 282.9 275.8 49.3 52.3 224.6 47.6 20.3% 33.7 17.3% 17.0% 17.4% 15.0% Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY2
Slide 26: 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 FY2020 FY2021 FY2022 Receivables Days Long Term Debt 1.9 1.0 0.2 73 64 Short Term Debt 0.9 0.9 0.8 58 59 50 Total Debt 2.8 2.0 1.0 Less: C
Slide 27: 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 118.9 110.8 77.5 81.1 73.9 63.5 53.2 49.2 30.8 11.2 FY2018 FY2019 FY2020 FY2021 FY2022 Cash Flow from Operations Free Cash Flows • Cash flow from operations
Slide 28: Balance Sheet
Balance Sheet (Rs Crores) FY2021 FY2022 (Rs Crores) FY2021 FY2022 Assets Equity and Liabilities Non-Current Assets EQUITY Property, Plant and Equipment 224.4 314.7 Equity Share Capital 7.7 7.7 Right of Use Assets 2.2 2.0 Other Equity 426.2 528.5 Capital Work in Progress 27.7 6.1 Total Equity 433.9 5
Slide 29: 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 30: 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 31: 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 Gurgaon Sorting Centre Location:
Slide 32: 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 33: 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 34: 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 35: 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 36: Five-Year Income, EBITDA, PBT and PAT Trends
Strong track record of consistently delivering, enhanced margins and profitability Total Income from Operations EBITDA and Margins CAGR +7.7% CAGR +23.7% 182.9 1,027 1,036 1,090 142.0 887 852 122.2 125.7 752 92.7 63.3 16.7% 16.8% 11.9% 12.1% 10.5% 8.4% FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY201
Slide 37: 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 (%) 8.0 44.3% 39.9% 38.3% 34.3% 35.5% 4.0 4.0 23.9% 3.0 2.5 15.8% 17.2% 15.3% 16.4% FY2018 FY2019 FY2020
Slide 38: Leading Margins and Profitability in the Industry (9M FY22)
TCI Express – Leading Margins and Profitability in the Industry (9M FY22) EBITDA Margins % EBIT Margins % 16.5% 15.5% 15.8% 12.7% 11.5% 10.3% 6.7% 5.1% 3.2% 3.3% 1.9% 1.3% TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 PAT Margins % Key Highlights: 11.8
Slide 39: 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 40: 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 numbers Plan to improve seamless movement of g
Slide 41: 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 42: 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 18 years. He was working
Slide 43: 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 Social Environment • TCI Express, with a combination of independent • Focused on implementing robust environmental agencies and its associated fo
Slide 44: 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 45: Awards & Recognition
Awards & Recognition Corporate Governance Corporate Governance Award Awards 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 Bus
Slide 46: Awards & Recognition
Awards & Recognition Awards “Most Preferred Brands 2021” award within the SCALE award for the best “Express Courier” company category of “Express Logistics Company” by CII Institute of Logistics in Dec-2021 31 www.tciexpress.in
Slide 47: Capital Market Information
Capital Market Information Share Price Information, as on 25th May 2022 3,000 CAGR Return: TCI Express +36% S&P BSE Sensex +15% Key Facts 25th May 2022 2,500 BSE / NSE Ticker 540212/ TCIEXP Rebasd to TCI Express Share Price CMP (Rs.) 1,625 2,000 Shares O/S (Cr) 3.84 1,500 Market Cap (Rs. Cr) 6,254 1
Slide 48: 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 49: 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