Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — 9M FY2020-21 Earnings Presentation
27 slides from Transport Corporation Of India's earnings presentation, Feb 3, 2021
Slide 1: Regulation 30 intimation letter to stock exchanges
03rd February, 2021 Listing Department, Listing Department, The National Stock Exchange of India Ltd., Bombay Stock Exchange Ltd., “Exchange Plaza”, Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street Mumbai – 400051 Mumbai-400 001 Scrip Symbol: TCI Scrip Code: 532349 Sub: In
Slide 2: Earnings Presentation FY 2020-21 (9M)
Earnings Presentation FY 2020-21 (9M)
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 © 2020 TCI 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 Over-dimensional modal solutions. cargo services Demerged in 2016 , through Road, Rail undertakes time sensitive & Sea. JV with Mitsui & Co (51%) f
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 TCI’s pre
Slide 8: Managing the Impact on Business in New Normal
Managing the Impact on Business in New Normal Extending support Health and safety Digital connect Morale boosting to partners and measures across with customer of employees other industry all workplaces players Central Task forces to Continuing connect Regular virtual meetings , implement & audit SO
Slide 9: 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 , textile supply chains & advent of global and chemicals value chains to India • Increase demand for • Changing consumer trends:
Slide 10: Key company USPs
Key company USPs Technology driven operations Unique Positioning of S3PL/4PL SCM Business Capability to offer both LTL & FTL at National Level Complex supply chain designing and solutions Large-scale modern warehousing =TC/ LEADERS IN LOGISTICS © 2020TCI
Slide 11: 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 Efficiency Goods •4 PL Services & •DC/FC Logistics •Domestic and Aftermarket Global Services Logistics •LMD JIT (Just in Tim
Slide 12: 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 • Better as able to control pricing SCS Div.'s Moderately Asset Heavy Model operations and hence better ownership of assets enable us to and some
Slide 13: Multimodal Transportation
Efficient use of various Multimodal transportation-mode Transportation 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: 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 © 2020 TCI 13
Slide 15: Largest player having both LTL and FTL capabilities at National Level
Largest player having both LTL and FTL capabilities at National Level Presence across India with IT enabled 25 Hub centers and 700+ Branch network Hub Centers Centralized Vehicle tracking through GEO Fencing System , and customer service by quick response team. On demand use of Foldable large contai
Slide 16: Technology Driven operations
Technology Driven operations © 2020 TCI 15
Slide 17: FY21-Q3 Standalone Highlights
FY21-Q3 Standalone Highlights Figures in Mn. 9,000 450 7,000 350 401 7,238 6,706 6,531 322 5,000 5,625 250 298 279 4,519 3,000 150 169 1,000 50 FY17-Q3 FY18-Q3 FY19-Q3 FY20-Q3 FY21-Q3 FY17-Q3 FY18-Q3 FY19-Q3 FY20-Q3 FY21-Q3 Revenue Growth PAT Growth 10.8% (FY21 Q3) 24.5% (FY21 Q3) 242, 1% 199, 21% 2
Slide 18: Division-wise Standalone Financial Performance
Division-wise Stand-alone Financial Performance Figures in Mn. Total Total Total # Corp.& Others (2020-21-9M) (2019-20-9M) (2019-20) Revenue 7636 6434 2488 242 16800 19093 25417 % Growth -17.4% -10.2% 1.0% 11.9% -12.0% 1.1% -1.7% EBIDTA 300 670 716 183 1869 1971 2617 % of 3.9% 10.4% 28.8% NA 11.1% 1
Slide 19: TCI Freight Division Key Operational Highlights
TCI Freight Division Key Operational Highlights Figures in Mn 3,500 (120) Particulars Q3 FY21 Q3 FY20 Gr% 9M FY21 9M FY20 Gr% Trucks & Trailers in operation (owned) Revenue 3278 3203 2.4% 7636 9247 -17.4 EBDITA 149 136 8.5% 300 351 -14.5 700 % to Revenue 4.9% 4.2% 3.9% 3.8% IT Enabled Owned Offices
Slide 20: TCI Supply Chain Division
TCI Supply Chain Division Key Operational Highlights Figures in Mn 9M 9M Particulars Q3 FY21 Q3 FY20 Gr% Gr% 12 Mn. Sqft. Revenue 2916 2365 23.3% FY21 6434 FY20 7165 -10.2% Warehousing Area Managed EBDITA 298 218 36.7% 670 715 -6.3% % to Revenue 10.2% 9.2% 10.4% 9.9% 4,000 (1020) EBIT 198 132 50% 39
Slide 21: TCI Seaways Division
TCI Seaways Division Key Operational Highlights Figures in Mn 7 Particulars Q3 FY21 Q3 FY20 Gr% 9M FY20 9M FY19 Gr% Revenue 971 929 4.5% 2488 2464 0.9% Cargo Ships EBDITA 344 323 6.5% 716 779 -8.1% % to Revenue 35.4% 34.8% 28.7% 31.6% 7,650 (6350) EBIT 235 226 3.9% 430 528 -18.5% Containers in opera
Slide 22: TCI's Joint Ventures
TCI’s Joint Ventures Figures in Mn FY21-9M (FY20 ,12M) Revenue 2176 (5301) 2363 (1890) 241 (258) Y-o-Y Growth 64% (-0.1%) 27.5%(372.8%) -35.5% (13%) Capital Employed 268 (236) 237 (250) 2380 (2383) Operates on asset- Cold chain services to Focused on light model cater temperature automotive logistic
Slide 23: Financial Performance
Financial Performance Debt – Equity Ratio Debt Service Coverage Ratio 0.8 0.68 3.50 0.7 0.63 2.85 2.87 2.86 0.6 0.54 3.00 2.60 0.5 0.43 2.34 2.50 0.4 0.30 0.3 2.00 0.2 1.50 0.1 0 1.00 Return on Capital Employed (ROCE) Earnings per Share (in Rs) 1,500 24.0% 1,348 1331 20.00 1,286 16.65 20.0% 16.46 1,
Slide 24: Standalone Financial Results
Standalone Financial Results Figures in Mn. Income Statement Balance Sheet Particulars (Rs in Cr.) 2019-20 2019-20_9M 2020-21_9M Particulars (Rs in Mn.) 2019-20 2019-20_9M 2020-21_9M 1. Non current Assets Freight 22853.6 17241.4 14873.9 Property, plant and equipment 7282.2 7169.0 6909.8 Other Sales
Slide 25: Market Summary
Market Summary Market Cap on 31 Dec 20 Rs Mn. 19353 Shareholding Pattern as on 31st 11% 5% December 2020 Debt Rs Mn. 3078 Enterprise Value Rs Mn. 22324 2% PROMOTORS P/E Nos 17.7 2% INDIAN PUBLIC EV/EBITDA Nos 9 13% 67% FOREIGN HOLDINGS BODY CORPORATE 52 Week High Rs/share 291 MUTUAL FUND 52 Week Low
Slide 26: Capital Expenditure Plan FY21
Capital Expenditure Plan FY21 Total Actual 2019-20 2020-21 2020-21_9M (FY 2006-07 to Actual Estimated Figures in Mn. 2018-19) Hub Centers & Small 4352.4 151.5 445 407 warehouses Ships 2701.0 509.0 400 0 Containers 676.1 186.7 280 246 Trucks & other vehicles 4113.7 240.9 340 213 Others (W/H Equip, 11
Slide 27: Cautionary Statement
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 expressed or impl
Transport Corporation of India — 9M FY2020-21 Earnings Presentation on 6ix