Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q3 FY2025 Earnings Presentation
38 slides from Tci Express's earnings presentation, January 2025
Slide 1: Q3 & 9M FY25 Earnings Presentation
0 X Q3 & 9M FY25 Earnings Presentation 1 www.tciexpress.in
Slide 2: Fastest Express Delivery Company in India
TCI Express | Fastest Express Delivery Company in India o The only express cargo company in o ERP enabled operations, automated India with own set up across nation. processes, barcoding on packaging, Offers services on Sunday, Holiday GPS enabled vehicles, AI and Machine and late pickup o Completed
Slide 3: Why TCI Express?
TCI Express | Why TCI Express? Asset Light Business Model: No Franchise, All owned Branches: Operating with an asset-light model, optimizing efficiency All branches owned and operated directly, ensuring and flexibility without heavy investments in physical assets consistent quality and control acros
Slide 4: Geographical Footprint
TCI Express | Geographical Footprint Navigating complex Industry Landscapes With Agility and Innovation Company Branches Express Services 970+ 500 Domestic and International Surface Express C2C Express Air Express Pharma Cold Chain Rail Express E Commerce Express Express www.tciexpress.in 4
Slide 5: Automated Sorting Centers
TCI Express | Automated Sorting Centers GIGA Sorting Centre, Gurugram Chakan Sorting Centre, Pune Location: Gurugram Location: Pune Area: 2 lakh sq.ft Area: 1.40 lakh sq.ft Solar Panel: 600 KW Solar Panel: 280 KW GIGA Sorting Centre, Gurugram Chakan Sorting Centre, Pune Operational: India's first an
Slide 6: Expanding Service Offering: Surface Express
TCI Express | Expanding Service Offering: Surface Express Express solutions with over 60000 locations with fully containerized fleet of vehicles, offers customized value-added services to meet customer's requirements Over 50K pickup locations Key Differentiators Fully containerized and 60K delivery
Slide 7: Expanding Service Offering: Domestic Air Express
TCI Express | Expanding Service Offering: Domestic Air Express Domestic Air Express solutions offer round-the-clock time-sensitive express delivery with doorstep service, ensuring delivery within 24 hours in major metros and 48 hours in Mini Metros and A-class cities Domestic Air Express Key Differe
Slide 8: Expanding Service Offering: International Air Express
TCI Express | Expanding Service Offering: International Air Express International Air Express services to over 200 countries and territories, connecting all major Indian airports with 3,000+ pickup points, ensuring seamless global reach International Air Express Key Differentiators Customized pricin
Slide 9: Expanding Service Offering: Rail Express
TCI Express | Expanding Service Offering: Rail Express Expanding Horizons with Rail: Faster, Greener, and Cost-Effective Freight Solutions Asset Light Business Model Shorter Synergistic with Existing Turnaround Time Express Business ✓ Planning to secure dedicated train space to optimize capacity uti
Slide 10: Expanding Service Offering: C2C Express
TCI Express | Expanding Service Offering: C2C Express TCI Express offers India’s first C2C Express service, utilizing an asset-light business model Advanced API solutions for Transportation Mode – Milk Run Full truckload services nationwide with expedited seamless integration with Comprehensive tran
Slide 11: Expanding Service Offering: Pharma Cold Chain Express
TCI Express | Expanding Service Offering: Pharma Cold Chain Express TCI Express has effectively implemented the Pharma Cold Chain Express Service, utilizing an asset-light approach Standard Operating Procedures followed by TCI Express TCI Express Pharma Cold Chain Transportation Temperature monitori
Slide 12: Q3 FY2025 Highlights
TCI Express | Q3 FY2025 Highlights Total Income EBITDA Profit After Tax Dividend per Share Rs. 298.9 Cr Rs. 33 Cr Rs. 20.7 Cr Rs. 3.0 11% Margin 6.9% Margin Key Highlights ▪ November and December month saw a degrowth in performance, primarily driven by a seasonal reduction in inventory levels ▪ Capi
Slide 13: Management Perspective
TCI Express | Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: “TCI EXPRESS continued to demonstrate operational resilience and strategic agility in a dynamic market environment. During the quarter, we enhanced our multimodal logistics capabilities,
Slide 14: Q3 FY2025 Performance Discussion
TCI Express | Q3 FY2025 Performance Discussion • Total Income for the quarter stood at Rs. 299 Crores • Lower than expected demand in sectors such as Automobile, Consumer goods contributed to softer revenues and reduced profit margins • In the Surface Express segment, the company faced increased cos
Slide 15: Quarter Performance Trends
TCI Express | Quarter Performance Trends Resilient financial performance while sustaining a healthy margin profile amidst market dynamics. Total Income EBITDA and Margins 47.5 313.8 313.9 40.5 298.9 33.0 15.1% 12.9% 11.0% Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 PBT and Margins PAT and Margin
Slide 16: Q3 and 9M FY25 Financial Performance
TCI Express | Q3 and 9M FY25 Financial Performance Q3 Y-o-Y Q2 Q-o-Q 9M Y-o-Y Particulars (in Cr) FY2025 FY2024 (%) FY2025 (%) FY2025 FY2024 (%) Income from Operations 296.3 312.0 (5.0)% 311.5 (4.9)% 908.1 936.7 (3.8)% Other Income 2.6 1.97 2.5 7.3 5.2 Total Income 298.9 313.8 (4.8)% 313.9 (4.8)% 90
Slide 17: 9M FY2025 Highlights and Outlook
TCI Express | 9M FY2025 Highlights and Outlook Maintained stable Gross margins and showcasing our resilience through consistent capacity utilization and operational efficiencies Total Income EBITDA EBIT Profit After Tax Rs. 908.1 Cr Rs. 109.3 Cr Rs. 93.6 Cr Rs. 70.1 Cr 12.0% Margin 10.3% Margin 7.7%
Slide 18: Nine Months Performance Trend
TCI Express | Nine Months Performance Trend Strong track record of consistently delivering an industry-leading margin profile Total Income from Operations EBITDA Margins 145.8 147.6 941.9 130.6 920.2 908.1 109.3 16.5% 15.8% 15.7% 789.4 12.0% 9M FY22 9M FY23 9M FY24 9M FY25 9M FY22 9M FY23 9M FY24 9M
Slide 19: Key Ratios
TCI Express | Key Ratios Delivering consistent growth and profitability for our shareholder Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 44.1% 8.0 8.0 8.0 39.4% 39.0% 6.0 6.0 27.8% 22.3% 31.7% 24.0% 22.0% 23.0% 17.0% FY22 FY23 FY24 9M FY24 9M FY25 FY22 FY23 FY24 9M FY24 9M FY2
Slide 20: Cash Flow from Operations vs Free Cash Flows
TCI Express | Cash Flow from Operations vs Free Cash Flows Unmatched combination of scale, expertise and technology resulting sustainable cash flow from operations 147.0 136.0 128.0 89.7 48.0 40.6 33.5 22.0 FY22 FY23 FY24 9M FY25 Cash Flow from Operations Free Cash Flows • Cash flow from operations
Slide 21: Leverage Profile and Working Capital Cycle
TCI Express | Leverage Profile and Working Capital Cycle Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL) Stable Working Capital Management Particulars (in Cr) Dec-23 Sep-24 Dec-24 Long Term Debt 0.0 0.0 0.0 Payables Days 36 36 35 Short Term Debt 0.2 0.93 0.0 Total Debt 0.2 0.93 0.0
Slide 22: Leading Margins and Profitability in the Industry
TCI Express | TCI Express – Leading Margins and Profitability in the Industry EBITDA Margins % EBIT Margins % 11.2% 10.8% 16.9% 8.9% 12.9% 12.1% 9.3% 5.1% 4.4% 2.3% 0.9% 0.3% TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 TCI Express Peer 2 Peer 1 Peer 3 Peer 5 Peer 4 PAT Margins % 8.4% 8.1% 4.5% 0.
Slide 23: Last 8 Year Key Takeaways
TCI Express | Last 8 Year Key Takeaways Inherent Business Strength ✓ Fastest B2B Express Delivery Company in India ✓ Asset light model allows the Company to maintain higher utilization and drive strong cash flows ✓ No franchise model. All branches are company owned which ensures the adoption of best
Slide 24: Strategy and Outlook
TCI Express | Strategy and Outlook Government Initiatives to Highly diversified client Automation at owned Continuous expansion Contribution of new strengthen the logistics base of corporate and sorting centers to drive in metro and tier I cities and value-added sector and focus on SME customers. We
Slide 25: Strategic Priorities by 2030
TCI Express | Strategic Priorities by 2030 Expansion into New Markets Sustainability Initiatives • TCI Express aims to grow its network further by • A major focus is on reducing environmental impact increasing the number of service locations, pickup by investing in renewable energy and sustainable p
Slide 26: Express Industry – An Outlook
TCI Express | Express Industry – An Outlook India GDP $3.55 Tn Total Logistics Spend $448 Bn 5% 4% Water Air Road Transportation $210 Bn TCI Express Carries $14 Bn 18% Rail Un-Organised Segment 90% TCI Express Market Share 7% Indian Logistics Market Split Logistics as % of GDP 15% 14% 8% 73% $17,795
Slide 27: Growth Drivers: Logistics' Industry
TCI Express | Growth Drivers: Logistics' Industry Infrastructure Development Technology Integration Sustainability Growing Demand • Road Networks: Expansion under • Digitalization: IoT, RFID, GPS trackers, and • ESG Practices: As more companies adopt • B2B and E-Commerce: The B2B supply Bharatmala a
Slide 28: Growth Drivers: Logistics' Industry
TCI Express | Growth Drivers: Logistics' Industry National Logistics Policy (NLP) PM Gati Shakti National Master Plan Launched in 2021, Gati Shakti enhances connectivity by integrating over 1,300 GIS data Launched in 2022, this policy is key to transforming India’s logistics sector. It aims to cut l
Slide 29: Management Team
TCI Express | Management Team Mr. Pabitra Mohan Panda, Sr. Chief Sales & Marketing Officer Mr. Pabitra Mohan Panda has joined the TCI Group in the year 1998 and has distinguished service record of 26 years to the company. Mr. D P Agarwal, Chairman & Director Over the years, he has worked across mul
Slide 30: Overview of Market Challenges Impacting Logistics Sector
TCI Express | Overview of Market Challenges Impacting Logistics Sector Key Factors Contributing to the Logistics Sector’s Challenges Purchasing Manager Index (Index Points) Transportation Cost Surge: The rise in labor, toll, insurance, driver and transport cost led to increased transportation expend
Slide 31: Sectoral and Economic Dynamics Influencing Logistics
TCI Express | Sectoral and Economic Dynamics Influencing Logistics Broader Economic and Sector-Specific Headwinds • Vehicle Sales: The 2W segment, which had driven growth in the auto sector during 1HFY25, experienced a slowdown in 3Q, while CV demand also remained weak thus adding to the challenges
Slide 32: ESG Initiatives
TCI Express | ESG Initiatives Environmental Social Governance Waste Management TCIEXPRESS Foundation Board Composition and Diversity The Company has adopted the 3R approach—Reduce, CSR continues to be a core focus at TCI Express, resulting The Board of Directors is a balanced mix of executive, non-
Slide 33: ESG Profile – Consolidating all ESG Disclosures
TCI Express | ESG Profile – Consolidating all ESG Disclosures 1 5 4 3 2 6 TCI Express has established and continuously enhanced a dedicated section focused on its Environmental, Social, and Governance (ESG) initiatives. This comprehensive section highlights the company’s commitment to sustainability
Slide 34: Awards and Recognition
TCI Express | Awards and Recognition Awards Iconic Brand of India ET Business Leader Award 2024 TCIEXPRESS has been Mr. Chander Agarwal, MD, TCIEXPRESS recognised as one of the ‘Iconic has been awarded the prestigious ET Brands of India 2024’ for its Business Leaders Award 2024 for commitment to top
Slide 35: Awards and Recognition
TCI Express | Awards and Recognition Corporate Governance Sustainability Awards The USGBC has awarded TCI Express’s two Ranked 713 based on Market Credit Instruments rated by two Leadership in Energy and Environmental Design Capitalization, as on March 31, leading Credit Rating Agencies (LEED) Gold
Slide 36: Capital Market Information
TCI Express | Capital Market Information Share Price Information, as on 31 st December 2024 Key Facts 31st December 2024 CAGR Return: TCI Express 11% S&P BSE Sensex 14% BSE / NSE Ticker 540212/ TCIEXP CMP (Rs.) 813.05 Shares O/S (Cr) 3.83 Market Cap (Rs. Cr) 3,120 52 Week H/L (Rs.) 1,437.95/801 Note
Slide 37: Contact Information
TCI Express | 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
Slide 38: TCI EXPRESS LIMITED
TCI EXPRESS LIMITED Flat Nos. 306 & 307, 1-8-201 to 203, 3rd Floor, Ashoka Bhoopal Chambers, S . P. Road, Secunderabad-500 003 P: +91 124 2384090-94 • E: info@tciexpress.in W: www.tciexpress.in • Toll free: 1800 2000 977 TCI Express | Earnings Presentation Page 38