Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q4 FY2020 Earnings Presentation
25 slides from Tci Express's earnings presentation, 2020
Slide 1: Q4 & FY2020 Earnings Presentation
Q4 & FY2020 Earnings Presentation
Slide 2: FY2020 and Q4 FY2020 Highlights
FY2020 and Q4 FY2020 Highlights Stable Top-line Growth with 22.3% PAT Growth in FY2020 Total Dividend of Rs. 4 per share and Pay out of 17.2% for FY2020 Rs. 1,036 Cr Rs. 239 Cr 0.9% y-o-y 38.0% (10.5)% y-o-y FY 2020 Income FY 2020 ROCE Q4 FY20 Income Rs. 126 Cr Rs. 28 Cr 2.9% y-o-y 29.5% (20.4)% y-o
Slide 3: Management Commentary
Management Commentary Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “I am happy to report an encouraging performance during FY2020 despite a very challenging economic and business environment. Revenue from operations increased marginally to Rs. 1,032 crores, as our busines
Slide 4: Covid-19 | Timeline and Impact
Covid -19 | Timeline and Impact Nation wide lockdown Both essential and non- Additional sectors Categorization of regions has brought the logistics essential transport of exempted in non-Covid on basis of containment sector to a halt and goods allowed, yet hotspots under scale – and upliftment of di
Slide 5: Covid-19 | Managing the Impact on Business
Covid - 19 | Managing the Impact on Business TCI Express : Safety measures for Employees and Vendors Offices Promotion of Sanitization and Employee Mask and Extending Work from operating with digital social distancing screening at sanitizer support to home limited communication at workplaces regular
Slide 6: 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 7: Why TCI Express?
Why TCI Express? Ranked 402 in Top 500 Companies based on Market Cap, as on March 31, 2020 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 8: Geographical Footprint
Geographical Footprint Fastest Delivery Company in India Surface Company Express Branches 800+ Priority Domestic Air Express Express 500+ Express Services International E Commerce Air Express Reverse Express 8 www.tciexpress.in
Slide 9: Strategy and Outlook
Strategy and Outlook Revenue Growth Impacted due to overall economic slowdown however it is minimized with: ❑ 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.
Slide 10: Financial Performance
Financial Performance Q4 Y-o-Y Q3 Q-o-Q Full Year Y-o-Y Particulars (in Cr) FY2020 FY2019 Growth (%) FY2020 Growth (%) FY2020 FY2019 Growth (%) Income from Operations 237.9 265.8 (10.5)% 268.4 (11.3)% 1,032.0 1,023.8 0.8% Other Income 1.2 1.2 0.9 4.4 3.2 Total Income 239.1 267.0 (10.5)% 269.2 (11.2)
Slide 11: FY2020 Performance Discussion
FY2020 Performance Discussion • Total Income growth of 0.9 % y-o-y attributable to increase in new customers from SME Segment and adversely impacted by nation-wide lockdown at end of March 2020 • EBITDA Margins increased 23 bps, from 11.9% in FY2019 to 12.1% in FY2020 primarily due to: o Operational
Slide 12: Leverage Profile
Leverage Profile Particulars (in Cr) Mar-20 Sep-19 Mar-19 Long Term Debt 1.9 2.4 2.3 Short Term Debt 0.9 1.1 6.4 Total Debt 2.8 3.6 8.7 Less: Cash & Cash Equivalents 41.2 31.0 17.1 Net Debt / (Net Cash) (38.3) (27.4) (8.4) Total Equity 337.5 310.1 267.2 Net Debt / Equity (0.11x) (0.09x) (0.03x) Cred
Slide 13: Cash Flow from Operations vs Free Cash Flows (FY2020)
Cash Flow from Operations vs Free Cash Flows (FY2020) Continue to Generate Strong Cash Flows 81.1 77.5 73.9 52.3 53.2 49.2 14.4 11.2 FY2017 FY2018 FY2019 FY2020 Cash Flow from Operations Free Cash Flows • Track record of consistent generation of cash flows with a focus on enhancing free cash flows •
Slide 14: Quarter Performance Trends
Quarter Performance Trends Total Income EBITDA and Margins 267.0 271.1 269.2 35.0 35.2 256.9 32.3 30.3 27.9 239.1 13.1% 13.1% 11.8% 11.9% 11.7% Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 PBT and Margins PAT and Margins 32.8 32.9 28.3 30.2 25.5 26.1 25.5 21.7 18.4
Slide 15: Annual Performance Trends
Annual Performance Trends Total Income from Operations EBITDA and Margins 1027.0 1036.3 887.2 122.2 125.7 751.6 92.7 63.3 10.5% 11.9% 12.1% 8.4% FY2017 FY2018 FY2019 FY2020 FY2017 FY2018 FY2019 FY2020 PBT and Margins PAT and Margins 89.1 72.8 111.9 117.0 58.4 83.8 11.3% 37.5 56.5 10.9% 8.6% 9.4% 6.6
Slide 16: Key Ratios
Key Ratios Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 42.8% 4.0 38.2% 38.0% 3.0 31.5% 2.5 1.6 16.3% 16.4% 15.8% 17.2% FY2017 FY2018 FY2019 FY2020 FY2017 FY2018 FY2019 FY2020 Return on Equity (%) Current Ratio (x) 31.8% 30.7% 29.5% 26.1% 2.52x 1.69x 1.86x 1.35x FY2017 FY2018
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: 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 20: 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 16 years. He was working
Slide 21: Awards and Recognitions
Awards and Recognitions Logistics Excellence Tech innovator of The Year Best Express Logistics Services Provider of the Year TCI Express is now certified as Great Place to Work 13th Express , Logistics & Supply chain Leadership Awards At India Logistics Summit & Awards 2019 Bharariya Manvata Vikash
Slide 22: 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 22
Slide 23: Corporate Governance
CORPORATE GOVERNANCE Corporate Governance LISTED ENTITY ISO CERTIFIED RATED BY Ranked 402 in Top 500 Companies based on Market Cap, as on March 31, 2020 IATA CERTIFICATE Business Superbrand The Economic Times of 2019 Iconic Brands Of India 23 www.tciexpress.in
Slide 24: Key Takeaways
Key Takeaways ❑ TCI Express revenue has grown at CAGR of 11.2% in last 4 years ❑ Asset light model continues to drive strong cash flows ❑ Consistently paying dividend for last 4 years and generating high return on capital employed ❑ Strong balance sheet and flexible capital structure ❑ Continued foc
Slide 25: www.tciexpress.in
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 25 www.tciexpress.in