Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q4 FY2024 Earnings Presentation
35 slides from Tci Express's earnings presentation, May 2024
Slide 1: Q4 and FY2024 Earnings Presentation
Q4 and FY2024 Earnings Presentation
Slide 2: Fastest Express Delivery Company in India
Fastest Express Delivery Company in India Successfully completed 8 years post the demerger 1 and has become industry leading and fastest delivery 200+ 2016 company in India Countries Year of Listing The only express cargo company in India with own set 2 up across nation. Offers services on Sunday, H
Slide 3: Why TCI Express?
Why TCI Express? Focused on offering comprehensive logistics services across multiple domains, including Rail, Air, International, C2C, and Surface Express, tailored to diverse client needs. 1 2 3 4 5 High Value Cargo Low Working Asset Light (Low volume, Lowest Cost Expansion of Capital Business Mod
Slide 4: Geographical Footprint
Geographical Footprint Fastest Delivery Company with Unmatched Network and Efficiency Company Branches Surface Express 970+ Pharma Cold 500+ Chain Rail Express Express Express Services Domestic and E Commerce International Air Express C2C Express 4 www.tciexpress.in
Slide 5: Sorting Centers
Sorting Centers The company achieved full automation at pune sorting centre, delivering 40% turnaround time reduction and enhanced operational efficiency with AI-enabled technology GIGA Sorting Centre, Gurgaon Sorting Centre, Pune Location: Gurgaon Location: Pune Area: 2 lakh sq.ft Area: 1.40 lakh s
Slide 6: Expanding Service Offering: Rail Express
Expanding Service Offering: Rail Express ❑ Asset Light Business Model ✓ TCI Express to buy space on the trains to ensure higher 4,500 125+ capacity utilization Customer Base Route Presence ✓ Independent team to manage this business offering Centralized and integrated express logistics ❑ Advantages s
Slide 7: 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 express logistics Standard Operating Procedures followed by TCI Express TCI
Slide 8: 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 9: Q4 FY2024 Highlights
Q4 FY2024 Highlights Maintained stable Gross margins and showcasing our resilience through consistent capacity utilization and operational efficiencies Key Highlights ▪ Continued headwinds from muted demand and high inventory levels brought down the number of goods Total Income EBITDA dispatched dur
Slide 10: Management Perspective
Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: “Continued headwinds from muted demand and high inventory levels brought down the number of goods dispatched during the quarter. Our stable gross margins reflect our resilience, driven by sustained ca
Slide 11: Financial Performance
Financial Performance Q4 Y-o-Y Q3 Q-o-Q Y-o-Y Particulars (in Cr) FY2024 FY2023 Growth (%) FY2024 Growth (%) FY2024 FY2023 Growth (%) Income from Operations 317.1 326.2 (2.8)% 311.9 1.7% 1,253.8 1,241.0 1.0% Other Income 1.9 1.7 2.0 7.2 7.2 Total Income 319.0 327.9 (2.7)% 313.8 1.7% 1,261.0 1,248.2
Slide 12: Q4 FY2024 Performance Discussion
Q4 FY2024 Performance Discussion • Total Income for the quarter stood at Rs. 319 Crores, registering a decrease of 2.7% Y-o-Y • EBITDA margins remained stable: o Despite the economic headwind from muted demand during the quarter, we were able to maintain stable margins due to operational efficiencie
Slide 13: Quarter Performance Trends
Quarter Performance Trends Resilient financial performance and profitability by maintaining industry leading margin profile Total Income EBITDA and Margins 328 314 319 56 48 47 17.0% 15.1% 14.7% Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 PBT and Margins PAT and Margins 51 42 42 38 32 32 15.5% 1
Slide 14: FY2024 Highlights
FY2024 Highlights Maintained stable Gross margins and showcasing our resilience through consistent capacity utilization and operational efficiencies Key Highlights ▪ The capacity utilization during FY2024 was at 84.0% ▪ The efficiency of our operations has been significantly Total Income EBITDA enha
Slide 15: Annual Performance Trend
Annual Performance Trend Strong track record of consistently delivering an industry-leading margin profile Total Income from Operations EBITDA Margins 1,248 1,261 1,090 202 194 183 852 142 16.7% 16.8% 16.2% 15.4% FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 PBT and Margins PAT and Margins
Slide 16: Key Ratios
Key Ratios Delivering consistent growth and profitability for our shareholder Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 8.0 8.0 8.0 34% 36% 33% 26.9% 4.0 24% 22% 23% 15% FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 Return on Equity (%) Cash Conversion Ratio (%) 2
Slide 17: Leverage Profile and Working Capital Cycle
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) Mar-22 Mar-23 Mar-24 Long Term Debt 0.2 0.0 0.0 Payables Days Short Term Debt 0.8 0.7 2.7 Total Debt 1.0 0.7 2.7 37 35 38 Less: Cash & Ca
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs Crores) FY2023 FY2024 Particulars (Rs Crores) FY2023 FY2024 Assets Equity and Liabilities Non-Current Assets EQUITY Equity Share Capital 7.7 7.7 Property, Plant and Equipment 343.9 418.5 Other Equity 588.7 696.3 Right of Use Assets 27.2 28.7 Total Equity 59
Slide 19: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows Unmatched combination of scale, expertise and technology resulting sustainable cash flow from operations 147 136 128 119 90 64 48 22 FY2021 FY2022 FY2023 FY2024 Cash Flow from Operations Free Cash Flows • Cash flow from operations of Rs. 136 crore for FY2
Slide 20: TCI Express – Leading Margins and Profitability in the Industry
TCI Express – Leading Margins and Profitability in the Industry EBITDA Margins % EBIT Margins % 15.7% 14.3% 14.2% 11.1% 9.8% 6.5% 6.9% 4.6% 3.5% 0.7% 0.6% TCI Peer 5 Peer 1 Peer 2 Peer 3 Peer 4 nm Express TCI Peer 1 Peer 5 Peer 3 Peer 4 Peer 2 Express PAT Margins % Key Highlights: ▪ Market Leader in
Slide 21: Last 8 Year Key Takeaways
Last 8 Year Key Takeaways ✓ Fastest B2B Express Delivery Company in India Inherent ✓ Asset light model allows the Company to maintain higher utilization and drive strong cash flows Business Strength ✓ No franchise model. All branches are company owned which ensures the adoption of best standard oper
Slide 22: Strategy and Outlook
Strategy and Outlook Revenue Growth Drivers ✓ Planned CapEx of Rs. 500 crores in 5 years (FY23- FY27) Highly diversified client base of corporate and SME customers. ✓ In FY2024 incurred capex of Rs. 46 Crores 1 Well spread across industry verticals Capital ✓ The remaining capex of Rs. 329 crores wil
Slide 23: Strategic Priorities by 2030
Strategic Priorities by 2030 New services are expected to Maintain high contribute one-fourth of the return ratios and top-line: consistent • Rail Express dividend pay-out • C2C Express • Pharma Cold Chain Express • Air Express Create Wealth for all Full focus on Stakeholders technological advanceme
Slide 24: Express Industry – An Outlook
Express Industry – An Outlook Logistics as % of GDP 73% 15% India GDP $3.42 Tn Road $17,963 Bn Total Logistics Spend $448 Bn 18% Rail 14% Road Transportation $210 Bn Indian Logistics Market $3,417 Bn Un-Organised Segment 90% Split 5% Air 8% TCI Express Carries $14 Bn 4% $25,440 Bn TCI Express Market
Slide 25: Indian Logistics Industry
Indian Logistics Industry Growth Drivers for the Indian Logistics Industry The National Logistics Policy (NLP) assists states and union territories (UTs) in creating their Comprehensive Logistics Action Plan (CLAP), which emphasizes integrated digital logistics systems, standardized physical assets,
Slide 26: 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 52 years. He has been contributing in developing the unorganized logistics sector into an organized one. Mr. Agarwal is
Slide 27: 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 19 years. He was working
Slide 28: Sustainability a Core Pillar of Strategy
Sustainability a Core Pillar of Strategy Environment Governance Water Conservation Board Composition and Diversity Implemented rainwater harvesting and various water-saving Safety, Environment, and 4 out of 8 directors on the board are independent, and there initiatives, including aerator taps, sens
Slide 29: 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 30: Awards and Recognition
Awards and Recognition Awards LEED Certification for Pune Sorting Centre Best B2B Logistic Partner 2023-24 by Royal Enfield Royal Enfield has recognized TCIEXPRESS LTD. as the premier B2B logistics partner for FY 2023-2024, showcasing its excellence in delivering express services tailored to the aut
Slide 31: Awards and Recognition
Awards and Recognition Awards India's Top 500 Value Creator 2023 TCIEXPRESS has been named as India's Top 500 Value Creator 2023 by Dun & Bradstreet for outstanding business productivity, resilience, and commitment for sustainable practices, consistently delivering exceptional value for stakeholders
Slide 32: Awards and Recognition
Awards and Recognition Corporate Governance SORTING CENTER AWARDS Complementing India’s Sustainability Movement TCI Express Ltd. GIGA Sorting Ranked 713 based on Market Credit Instruments rated by two Centre in Tajnagar has received the GEM 5 Cap, as on March 31, 2024 leading Credit Rating Agencies
Slide 33: Capital Market Information
Capital Market Information Share Price Information, as on 29th March 2024 CAGR Return: TCI Express +14.3% S&P BSE Sensex +13.6% 3,000 Key Facts 29th March 2024 2,500 BSE / NSE Ticker 540212/ TCIEXP 2,000 CMP (Rs.) 1,023 Shares O/S (Cr) 3.83 1,500 Market Cap (Rs. Cr) 3,924 1,000 52 Week H/L (Rs.) 1,6
Slide 34: 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 35: 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 35 www.tciexpress.in