Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q1 FY2020 Earnings Presentation
21 slides from Tci Express's earnings presentation, July 2019
Slide 1: Q1 FY2020 Earnings Presentation
Q1 FY2020 Earnings Presentation
Slide 2: Q1 FY2020 Highlights
Q1 FY2020 Highlights Resilient Financial Performance with 3.5% Revenue and 14.2% PAT Growth in Q1 FY2020 despite temporary slowdown Rs. 256 Cr Rs. 30 Cr Rs. 18 Cr 9.8% y-o-y 14.2% y-o-y 3.5% y-o-y Margin 11.6% Margin 7.2% Q1 FY20 Op. Revenue Q1 FY20 EBITDA Q1 FY20 PAT 26.7% 40.2% (0.06)x Q1 FY20 ROE
Slide 3: Management Commentary
Management Commentary Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “I am pleased to report that despite a subdued economic environment, TCI Express has delivered a resilient performance. During Q1 FY2020, Revenue from operations increased by 3.5% to Rs. 256 crores compare
Slide 4: Why TCI Express?
Why TCI Express? Ranked 457 in Top 500 Companies based on Market Cap, as on March 31, 2019 Asset Light High Value Cargo No Franchise: Lowest Cost Business Model (Low volume, high All owned Structure margins) Branches API based back- Containerized Superior end technology Movement Customer Support Ser
Slide 5: Fastest Express Delivery Company in India
Fastest Express Delivery Company in India Year of Commencement 1997 TCI XPS was established in 1996 as one of the foremost divisions of Transport Corporation of India Locations Serviced 40,000 Specialized in offering time definite solutions with focus on Tier II and III cities Countries Serviced 202
Slide 6: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Surface Company Express Branches 700+ Priority Domestic Air Express Express Express Services International E Commerce Air Express Reverse Express 6 www.tciexpress.in
Slide 7: Strategy and Outlook
Strategy and Outlook Revenue Growth Negligible impact expected on Express due to economic slowdown ❑ Highly diversified client base and well spread across industry verticals ❑ Continuous expansion in Metro and Tier I Cities through new branch offices Capital Expenditure Planned CapEx of Rs. 400 cror
Slide 8: Financial Performance
Financial Performance Q1 Y-o-Y Q4 Q-o-Q Full Year Y-o-Y Particulars (in Cr) FY2020 FY2019 Growth (%) FY2019 Growth (%) FY2019 FY2018 Growth (%) Income from Operations 256.2 247.6 3.5% 265.8 (3.6)% 1,023.8 885.1 15.7% EBITDA 29.6 27.0 9.8% 33.8 (12.4)% 119.0 90.7 31.3% Margin (%) 11.6% 10.9% 12.7% 11
Slide 9: Q1 FY 2020 Performance Discussion
Q1 FY 2020 Performance Discussion • Revenue growth of 3.5% y-o-y attributable to increase in new customers from SME Segment • EBITDA Margins increased from 10.9% in Q1 FY2019 to 11.6% in Q1 FY2020 primarily due to: o Operational efficiencies and effective cost control measures o Annual price appreci
Slide 10: Quarter Performance Trends
Quarter Performance Trends Income from Operations EBITDA and Margins 263.2 265.8 256.2 247.6 247.2 33.8 31.0 29.6 27.0 27.3 12.7% 11.8% 11.6% 10.9% 11.0% Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 PBT and Margins PAT and Margins 32.8 28.9 28.3 21.7 24.8 25.3 18.7
Slide 11: Annual Performance Trends
Annual Performance Trends Income from Operations EBITDA and Margins 1023.8 885.1 119.0 750.3 90.7 11.6% 61.9 10.2% 8.3% FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 PBT and Margins PAT and Margins 111.9 83.8 72.8 56.5 58.4 10.9% 9.4% 37.5 7.5% 6.6% 7.1% 5.0% FY2017 FY2018 FY2019 FY2017 FY2018 FY2019 No
Slide 12: Key Ratios
Key Ratios Return on Equity (%) Return on Capital Employed (%) Net Debt / Equity (x) 42.8% 40.2% 38.2% 31.8% 30.7% 31.5% 26.1% 26.7% 0.14x 0.13x FY2017 FY2018 FY2019 Q1 FY20 FY2017 FY2018 FY2019 Q1 FY20 (0.03)x (0.06)x FY2017 FY2018 FY2019 Q1 FY20 Notes: 1. Annualized Q1FY2020 Figures for RoE and Ro
Slide 13: 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 14: 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 13 years. He was working
Slide 15: Awards and Recognitions
Awards and Recognitions Won ET Now Stars of the Industry Awards Received Best CFO Award 2019 by for Excellence in CSR in 2018 Financial Express Mr. Chander Agarwal, MD, awarded Won India Cargo Awards as India's Inspirational Business Leaders 2019 in London ‘Best Express Distribution Company’ 2018 15
Slide 16: Corporate Governance
CORPORATE GOVERNANCE Corporate Governance LISTED ENTITY ISO CERTIFIED RATED BY Ranked 457 in Top 500 Companies based on Market Cap, as on March 31, 2019 IATA CERTIFICATE Business Superbrand The Economic Times of 2019 Iconic Brands Of India 16 www.tciexpress.in
Slide 17: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 60% 14% India GDP $2.7 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 $10 Bn $20,494 Bn 0.1% TCI Express Mar
Slide 18: Indian Logistics Industry
Indian Logistics Industry Recent Logistics Sector Transformation Initiatives Infrastructure Development Formalization of Sector Operational Efficiency • Launch of New Dedicated Freight • Goods and Service Tax • Automation of Sorting Centres Corridor • Improved Rail and Port Connectivity • Implementa
Slide 19: Key Takeaways
Key Takeaways ❑ TCI Express revenue has grown at CAGR of 16.8% in last 3 years ❑ Asset light model continues to drive strong cash flows ❑ Consistently paying dividend for last 3 years and generating high return on capital employed ❑ Strong balance sheet and flexible capital structure ❑ Continued foc
Slide 20: 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 21: 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 21 www.tciexpress.in