Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — FY2019-20 Earnings Presentation
28 slides from Transport Corporation Of India's earnings presentation, Jun 3, 2020
Slide 1: Intimation to stock exchanges under Regulation 30
LEADERS Tel IN L O G IS T IC S 3 'd J u n e , 2020 L istin g D ep artm en t, L istin g D ep artm en t, T h e N atio n al S to ck E xch an g e o f In d ia L td ., B o m b ay S to ck E xch an g e ltd ., "E x c h a n g e P la z a " , P h ir o z J e e je e b h o y T o w e rs , B a n d ra K u r la C o m
Slide 2: Earnings Presentation FY 2019-20
Earnings Presentation FY 2019-20
Slide 3: Group Information
Group Information 1958 $650 Mn 2.5% Year of Establishment Group Revenue Moving India’s GDP 6,900+ 1,400+ 12,000 Employee Strength IT Enabled Own Offices Trucks in Operations 2
Slide 4: Group Overview
Group Overview SBU’s and Services TCI’s Joint Venture/Subsidiaries Other Group Companies JV with CONCOR (49%) to FTL/FCL, LTL & provide end to end multi modal solutions. Over-dimensional cargo services Demerged in 2016 , through Road, Rail undertakes time sensitive and & Sea. JV with Mitsui & Co (51
Slide 5: Board of Directors
Board of Directors Name Designation Mr. D P Agarwal Chairman & Managing Director Mr. Vineet Agarwal Managing Director Mr. S N Agarwal Non-executive director Mr. Ashish Bharat Ram Non-executive independent director Mr. Vijay Sankar Non-executive independent director Mr. S Madhavan Non-executive indep
Slide 6: Corporate Governance
Corporate Governance Corporate Social Responsibility TCI would be taking CSR initiatives through TCI Foundation, TCI Institute of Logistics & TCI Charities under below activities: TCI Policies Company establishes the policies and procedures to ensure full compliances as applicable and to protect int
Slide 7: Domestic Logistics Market Size
Domestic Logistics Market Size Entry Barriers Low Medium High High High Semi- Industry Structure Fragmented Organized Organized Organized Organized Estimated Market 100 10 16 6 1 Size (Bn USD) Estimated CAGR 10% 10% 12% 18% 10% EBDITA Margins % 2-4% 8-11% 3-6% 8-12% 25-35% TCI’s presenc
Slide 8: State of Supply chains & Logistics today
State of Supply chains & Logistics today Supply Chains are either broken or severely disrupted Road (63% of freight traffic): Only 35-40% trucks operational, mostly inter state with shortage of drivers and labours, increase in rates Port congestion with shipping lines cancelling voyages, import depe
Slide 9: COVID-19: Managing the Impact on Business
COVID-19 : Managing the Impact on Business Extending Health and Operations on support to safety measures Digital connect Morale boosting with limited partners and across all with customer of employees work force other industry workplaces players Central Task forces Our people worked Rapid Regular vi
Slide 10: Logistics Sector growth drivers
Logistics Sector growth drivers Short to Medium term drivers Long term drivers • Specific sector boost: Agriculture, • Increasing shift to domestic food processing, pharma and supply chains & advent of global chemicals value chains to India • Increase demand for • Changing consumer trends: warehousi
Slide 11: Key company USPs
=T7C/ Key company USPs Unique Capability Positioning - Mae to offer both of 3PL/4PL LTL & FTL at SCM National Business Level Complex supply chain Technology supply cha driven designing ana t ns 54 ations solutions Large-scate modern warehousing
Slide 12: Complex Supply Chain Design & Execution
Complex Supply Chain Design & Execution Typical Example: Automotive Supply Chain •Supplier to Plant Finished • Bonded Production • 3PL Services Warehousing Plant Plant Support Goods & •DC/FC Logistics •Domestic and Efficiency •4 PL Services Services Logistics Aftermarket •LMD Global JIT (Just in Tim
Slide 13: Multimodal Transportation
Multimodal Efficient use of various Transportation transportation-mode for seamless movement ICD Khatuwas/Dadri Mundra Port Kandla Port Vendors/ ICD Whitefield Suppliers Mangalore Port Chennai Moveme Port nt by Road Moveme nt by Rail Kochi Port Moveme Port Blair nt by Sea Integration of EWB Tuticori
Slide 14: Unique Positioning of 3PL/4PL SCM Business
Unique Positioning of 3PL/4PL SCM Business Internal Customer’s Management & Prospective Gross Margins Control • Optimum controls on • Optimum as moderate ownership • Better as able to control pricing operations and hence better of assets enable us to control SCS Div.'s Moderately and some operating
Slide 15: Large-scale Modern Warehousing
Large-scale Modern Warehousing Auto Retail & CP Hi-tech Chemicals Healthcare Cold Chain E Commerce Yards Warehousing Cross dock operations TCI covers 12 million sq. feet of warehousing space – owned/ long leased/ customer owned 14
Slide 16: Largest player having both LTL and FTL capabilities at National Level
Largest player having both LTL and FTL capabilities at National Level Hub Centers Presence across India with IT enabled 25 Hub centers and 700+ Branch network Centralized Vehicle tracking through GEO Fencing System , and customer service by quick response team. On demand use of Foldable large contai
Slide 17: Technology Driven operations
Technology Driven operations 16
Slide 18: FY20 Standalone Highlights
FY20 Standalone Highlights Figures in Cr. FY20 FY19 FY18 128 126 2585 2541 104 2202 PAT Growth Revenue Growth -1.7% (FY20) -1.15% (FY20) 2, 1% 26, 1% 344, FRT 14% 236, 18% 31, 22% 390, 29% SCS 67, 47% 301, 22% 1247, 49% Seaways 42, 30% 924, 36% Others 421, 31% PBT Mix Revenue Mix Capital Employed Mi
Slide 19: Division-wise Stand-alone Financial Performance
Division-wise Stand-alone Financial Performance Figures in Mn. Total Total Total # Corp.& Others (2019-20) (2018-19) (2017-18) Revenue 12474 9242 3443 258 25416 25851 22023 % Growth 3.1% -8.9% 3.5% -9.0% -1.7% 17.4% 20.9% EBIDTA 486 908 1088 135 2617 2711 2328 % of 3.9% 9.8% 31.6% 52.5% 10.3% 10.5%
Slide 20: TCI Freight Division
TCI Freight Division Key Operational Highlights • Lower single digit growth for the year amid 3,500 (120) weaker economic environment and COVID- Trucks & Trailers in operation (owned) 19 impact on high activity March-20 Month • EBIT margins stood at 3.3% with our 700 continued focus on value added s
Slide 21: TCI Supply Chain Division
TCI Supply Chain Division Key Operational Highlights • Spiraling downward trends in automotive 12 Mn. Sqft. sector adversely impacted revenues. The Warehousing Area Managed division grew by ~ 17% on an average in last two years so some impact of high base numbers during the year. 4,000 (1020) Fleet
Slide 22: TCI Seaways Division
TCI Seaways Division Key Operational Highlights • Single digit growth amid lower volumes specially at West Coast and 7 hypercompetitive environment. Cargo Ships • Overall margins were stable for the full year 7,650 (6350) however last quarter had a negative impact Containers in operations (Owned) du
Slide 23: TCI's Joint Ventures
TCI’s Joint Ventures Figures in Mn FY20 (FY19) Revenue 4448 (5301) 1890 (1892) 258 (55) Y-o-Y Growth -0.1% (12%) 372.8% (100%) -16.1% (13%) Capital Employed 198 (236) 250 (262) 238 (210) Operates on asset- Cold chain services to Focused on light model cater temperature automotive logistics control W
Slide 24: Financial Performance
Financial Performance Debt – Equity Ratio Debt Service Coverage Ratio 3.50 2.85 2.87 0.8 3.00 0.68 2.60 0.7 0.58 0.63 2.50 2.34 0.6 0.54 0.54 1.90 2.13 0.42 2.00 0.5 0.4 1.50 0.3 1.00 0.2 0.1 0.50 0 0.00 Return on Capital Employed (ROCE) Earnings per Share (in Rs) 15,000 20.0% 13476 12,862 16.65 12,
Slide 25: Standalone Financial Results
Standalone Financial Results Figures in Mn. Income Statement Balance Sheet Particulars (Rs in Cr.) 2017-18 2018-19 2019-20 Particulars (Rs in Cr.) 2017-18 2018-19 2019-20 1. Non current Assets Freight 19792.3 23298.7 22853.6 Property, plant and equipment 6230.1 7050.2 7282.2 Right to Use Assets 0.0
Slide 26: Market Summary
Market Summary Shareholding Pattern as on 31st Market Cap on 31 Mar 20 Rs Mn. 14447.2 Debt Rs Mn. 4023.3 9% 5% March 2020 2% PROMOTORS Enterprise Value Rs Mn. 18294.5 2% INDIAN PUBLIC P/E Nos 11.4 15% 67% FOREIGN HOLDINGS EV/EBITDA Nos 7.0 BODY CORPORATE 52 Week High Rs/share 326.6 MUTUAL FUND 52 We
Slide 27: Capital Expenditure Plan FY21
Capital Expenditure Plan FY21 Total Actual 2018-19 2019-20 2020-21 (FY 2006-07 to Actual Actual Estimated Figures in Mn. 2017-18) Hub Centers & Small 3889.2 463.2 warehouses 115.3 450 Ships 2501.9 199.1 509.0 0 Containers 294.4 381.7 186.6 0 Trucks & other vehicles 3696.6 417.1 243.4 475 Others (W/H
Slide 28: Thank You!
Thank You! Cautionary Statement Statements in this “Presentation” describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expres
Transport Corporation of India — FY2019-20 Earnings Presentation on 6ix