Slide 1: Q3 FY2021 Earnings Presentation
Q3 FY2021 Earnings Presentation
Slide 2: Q3 FY2021 Highlights
Q3 FY2021 Highlights Sequential recovery in Revenue and strong EBITDA and PAT margins, as businesses continue to normalize Board of Directors announced interim dividend of Rs. 2 per share, payout of 100% on face value and 13.2% on 9MFY21 EPS Key Highlights: ▪ Q3 FY21 was a mixed quarter which saw pi
Slide 3: 9M FY2021 Highlights
9M FY2021 Highlights Improved EBITDA and PAT margins, due to cost rationalization measures taken by the company Rs. 564 Cr (28.9)% y-o-y 27.9% 9M FY21 Income 9M FY21 ROCE Rs. 85 Cr (13.6)% y-o-y 21.0% Margin 14.9% 9M FY21 EBITDA 9M FY21 ROE Rs. 58 Cr (17.2)% y-o-y 101.3% Margin 10.2% 9M FY21 PAT Cas
Slide 4: Management Commentary
Management Commentary Commenting on the results, Mr. Chander Agarwal, Managing Director, said: “Third quarter of the fiscal year was a mixed quarter, the period saw sequential growth momentum as the economy normalized, businesses started reaching near-normal levels and demand picked up during the fe
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: 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 7: 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 7 www.tciexpress.in
Slide 8: 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 9: Financial Performance
Financial Performance Q3 Y-o-Y Q2 Q-o-Q Nine Months Y-o-Y Particulars (in Cr) FY2021 FY2020 Growth (%) FY2021 Growth (%) FY2021 FY2020 Growth (%) Income from Operations 262.5 268.4 (2.2)% 212.9 23.3% 564.2 794.0 (28.9)% Other Income 1.7 0.9 1.5 4.6 3.2 Total Income 264.2 269.2 (1.9)% 214.4 23.2% 568
Slide 10: Q3 FY2021 Performance Discussion
Q3 FY2021 Performance Discussion • Total Income increased to Rs. 264 Crores vs Rs. 214 Crores in Q2 FY21 reflecting Q-o-Q recovery in businesses as economy moves forward towards normalization • Improved EBITDA margins, were achieved due to: o Effective cost control measures – lower operating expense
Slide 11: Cash Flow from Operations vs Free Cash Flows (9M FY2021)
Cash Flow from Operations vs Free Cash Flows (9M FY2021) Continue to Generate Strong Cash Flows 85.7 77.5 81.1 73.9 52.3 53.2 49.2 44.4 14.4 11.2 FY2017 FY2018 FY2019 FY2020 9M FY21 Cash Flow from Operations Free Cash Flows • Track record of consistent generation of cash flows with a focus on enhanc
Slide 12: Quarter Performance Trends
Quarter Performance Trends Total Income EBITDA and Margins 47.0 269.2 264.2 239.1 214.4 35.2 34.0 27.9 17.8% 90.2 3.5 13.1% 15.9% 11.7% 3.9% Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 PBT and Margins PAT and Margins 44.7 32.9 31.5 33.6 25.5 25.5 23.5 19.0 16.9% 1
Slide 13: Annual Performance Trends
Annual Performance Trends Total Income from Operations EBITDA and Margins 1,027.0 1,036.3 887.2 122.2 125.7 751.6 92.7 63.3 11.9% 12.1% 10.5% 8.4% FY2017 FY2018 FY2019 FY2020 FY2017 FY2018 FY2019 FY2020 PBT and Margins PAT and Margins 89.1 111.9 117.0 72.8 83.8 58.4 56.5 10.9% 11.3% 37.5 9.4% 7.5% 8
Slide 14: Key Ratios
Key Ratios Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 4.0 42.8% 3.0 38.2% 38.0% 2.5 31.5% 2.0 27.9% 1.6 16.3% 16.4% 15.8% 17.2% 13.2% FY2017 FY2018 FY2019 FY2020 9M FY21 FY2017 FY2018 FY2019 FY2020 9M FY21 Return on Equity (%) Current Ratio (x) 31.8% 30.7% 29.5% 26.1% 2.52x
Slide 15: 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 16: Indian Logistics Industry
Indian Logistics Industry Recent Logistics Sector Transformation Initiatives Infrastructure Development Formalization of Sector Operational Efficiency • Increased allocation by government • Goods and Service Tax – pre filled • Automation of Sorting Centres on Infrastructure development in numbers Un
Slide 17: 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 18: 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 19: Visit our ESG Profile on
Visit our ESG Profile on ESG a Core Pillar of Strategy Environment “At TCI Express Limited, we are committed to manage “At TCI Express, we are focused on enhancing operational environmental and social footprint in our operations. We believe efficiencies through automation and digitization. We contin
Slide 20: Visit our ESG Profile on
Visit our ESG Profile on Social Governance “At TCI Express, we believe that to ensure skill development “The Company has formulated all policies applicable to it such and to be able to face major challenges, we need teams who as code of conduct, insider trading, Business Responsibility etc.” deliver
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: 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 2020 Iconic Brands Of India 22 www.tciexpress.in
Slide 23: 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 24: 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 25: 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 25 www.tciexpress.in