Gateway Distriparks Limited · NSE:GATEWAY
Gateway Distriparks — Investor Presentation (February 2022)
42 slides from Gateway Distriparks's investor presentation, Feb 15, 2022
Slide 1: Investor Presentation cover letter to stock exchanges
15 February, 2022 BSE limited National Stock Exchange of India Ltd. Phiroze Jeejeebjoy Towers Exchange Plaza, C-l, Block G, Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai 400001 Mumbai - 400 051 Scrip Code: 532622 Trading Symbol: GDL Sub: Investor Presentation Please find attached the Inves
Slide 2: Gateway Distriparks Limited Investor Presentation February 2022
Gateway Distriparks Limited Investor Presentation February 2022
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Gateway Distriparks Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Business Overview
Business Overview
Slide 5: Update on Amalgamation
Update on Amalgamation With effect from 28th December 2021, Gateway East India Private Limited and Gateway Distriparks Limited have merged with Gateway Rail Freight Limited. Subsequently, on 11th February 2022, Gateway Rail Freight Limited changed its name to Gateway Distriparks Limited. Now the CFS
Slide 6: Business Restructuring Rationale
Business Restructuring Rationale 01 02 03 04 05 Greater Operational Improve Economies Improve Management Reduce the Synergies Cash Flow of Scale Efficiency Cost Base Create greater operational Improve earnings, cash Centralized and more Consolidate and improve Simplicity in working, reduce synergies
Slide 7: India's Leading Integrated Intermodal Logistics Company
India’s Leading Integrated Intermodal Logistics Company Services across the Network of 9 ICDs Strategically located value chain of and CFSs, connected to serve all the major intermodal logistics to maritime ports industrial & across India manufacturing zones of India Large fleet of train- Large equi
Slide 8: Railway linked Inland Container Depots (ICD)
Railway linked Inland Container Depots (ICD) ICDs catering to the EXIM business are A strong early located at Gurgaon, mover advantage All ICDs have Faridabad, Ludhiana in ICD business, adequate land bank and Viramgam (near Company operates catering to northern to double the Ahmedabad, Gujarat) rail
Slide 9: Container Freight Stations (CFS)
Container Freight Stations (CFS) Company operates five CFSs with total Offer various services like capacity of 536,000 TEUs which caters transportation, storage, bonded & to JNPT and key southern ports of general warehousing, empty handling Chennai, Visakhapatnam, Kochi and & storage, refer containe
Slide 10: Service Offering
Service Offering Rail Transportation Container Freight Services Warehousing Last Mile Transportation • Operate 31 rakes of which 21 are • Provide all Services of CFS: • General, Bonded and Domestic • Provide pickup and delivery to/ owned CT-PAT Compliant warehousing from the port and Customer’s o fo
Slide 11: Business Flow Chart
Business Flow Chart Export Business ICD/CFS Rail Transportation • Act as concentration points for long distance cargoes and its unitisation • Provide secure storage facility at Road Road warehouses in CFS/ ICD Transportation Transportation • Transit facility service Factory Customs Clearance Port •
Slide 12: Strategically Located Facilities
Strategically Located Facilities Land Design Capacity Installed Capacity ICD Terminals (Acres) (TEU’s) (TEU’s) Garhi Harsaru, Gurgaon 90 5,00,000 2,50,000 Sahnewal, Ludhiana 60 3,00,000 1,50,000 Sahnewal, Ludhiana Piyala, Faridabad 65 3,00,000 1,50,000 Garhi Harsaru, Gurgaon Piyala, Faridabad Viramg
Slide 13: Strong Asset Base
Strong Asset Base • ICD Capacity – 650,000 TEUs p.a. • Train Sets – 31 (21 owned) Key Equipment • CFS Capacity – 536,000 TEUs p.a. Metrics Bank • Tractor Trailers – 531 • Close & Open Total Warehouse Capacity – ~1,60,000 sq. mt. • Reach Stackers – 50 • Reefer Plug Points – 500 • Hydra Cranes – 9 • E
Slide 14: Capex Plans
Capex Plans • Capex of Rs. 150 crore over the next two years • GDL plans to invest in Rail linked • Company plans to setup 2 satellite terminals in North India terminals in next two years • Satellite terminals will enable • Have plans to acquire up to 10 aggregation of cargo through its high capacit
Slide 15: Future Ready
Future Ready Healthy Balance Sheet › Stronger asset base, with large cash reserves and Net Debt:EBITDA ratio of 0.97 (on TTM basis) DFC Benefits › Commissioning of Rewari-Palanpur stretch could benefit customers by operation of longer, heavier and faster train services which will improve operational
Slide 16: Shareholding Information
Shareholding Information Shareholding Pattern December 2021 Life Insurance Corporation Of India Retail & Others Kuwait Investment Authority Eastspring Investments 13% Promoters Bodies 32% Corporate 2% SBI Mutual Fund Franklin Mutual Fund HDFC MF TOP INSTITUTIONAL INVESTORS IN THE COMPANY Schroder DI
Slide 17: Promoter Group
Promoter Group Mr. Prem Kishan Dass Gupta Mr. Ishaan Gupta Mr. Samvid Gupta Chairman And Managing Director Joint Managing Director Joint Managing Director 16
Slide 18: Board of Directors
Board of Directors Mr. Prem Kishan Dass Gupta Mr. Ishaan Gupta Mr. Samvid Gupta Chairman And Managing Director Joint Managing Director Joint Managing Director Mr. Anil Aggarwal Mr. Arun Kumar Gupta Ms. Vanita Yadav Independent Director Independent Director Independent Director 17
Slide 19: Snowman Logistics Limited - An associate company
Snowman Logistics Limited - An associate company Snowman Logistics Limited, an associate company of 01 GDL (40.25% stake), is the largest integrated temperature-controlled logistics service provider in India. 02 Snowman has a nationwide network of temperature controlled warehouses, and a large fleet
Slide 20: Rail linked Inland Container Depot (ICD) Business
Rail linked Inland Container Depot (ICD) Business
Slide 21: Railway Business – At an Inflection Point
Railway Business – At an Inflection Point Viramgam Terminal Excellent Connectivity Strategically located at the confluence of double-stack route of its flagship hub at Operates regular container Garhi Harsaru and also the Strategic Locations train services to the Nhava Mundra & Pipavav ports Sheva,
Slide 22: Rail Linked ICD Infrastructure
Rail Linked ICD Infrastructure Garhi Harsaru, Gurugram Piyala, Faridabad Sahnewal, Ludhiana Viramgam, Ahmedabad Land (Acres) 90 65 60 40 Installed Capacity Revenue Streams 2,50,000 1,50,000 1,50,000 1,00,000 (TEU’s) Design Capacity 5,00,000 3,00,000 3,00,000 2,00,000 (TEU’s) Warehouse Capacity 21,50
Slide 23: Key Financial Metrics - Quarter
Key Financial Metrics - Quarter Throughput (TEUs) Revenues (Rs. Crs) EBITDA/ TEU (Rs./TEU) 82,083 85,255 251 261 9,009 9,235 9,021 227 67,042 Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 Rail container volumes Q3 FY22 Q3 FY21 Y-o-Y Q2 FY22 Q-o-Q Throughput (TEUs) 85,255 67
Slide 24: Key Financial Metrics – YTD
Key Financial Metrics – YTD Throughput (TEUs) Revenues (Rs. Crs) EBITDA/ TEU (Rs./TEU) 2,42,885 754 9,161 8,454 1,70,732 561 9MFY21 9MFY22 9MFY21 9MFY22 9MFY21 9MFY22 Rail container volumes 9MFY22 9MFY21 Y-o-Y Throughput (TEUs) 2,42,885 1,70,732 42% Realization (Per TEU) 31,057 32,874 -6% Revenue (R
Slide 25: Dedicated Freight Corridor
Dedicated Freight Corridor
Slide 26: Western Dedicated Freight Corridors (DFC) – A Game Changer
Western Dedicated Freight Corridors (DFC) – A Game Changer Operational & Cost efficiencies Shift from Road transportation to Rail transportation Transit Assurance Note: Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timelin
Slide 27: Dedicated Freight Corridors (DFC) – A Game Changer
Dedicated Freight Corridors (DFC) – A Game Changer Game Changer The commissioning of Dedicated Freight Corridors (DFC) will entirely change the dynamics of the Container Rail Business Increase in Average Speed DFCs will result in higher asset turnaround due to a two times increase in the average spe
Slide 28: DFC to boost Rail led ICDs
DFC to boost Rail led ICDs • Rewari – Madar (Ajmer) route Sahnewal, Ludhiana inaugurated on 7th January 2021 Garhi Harsaru, Gurgaon Asaoti, Faridabad • Once Madar (Ajmer) – Palanpur route is under operational trials. This should Western DFC increase productivity of operators by 10% Viramgam, Ahmedab
Slide 29: Container Freight Station (CFS) Business
Container Freight Station (CFS) Business
Slide 30: Container Freight Station (CFS) – Robust Infrastructure
Container Freight Station (CFS) – Robust Infrastructure Nava Sheva, Chennai Vishakhapatnam Kochi Krishnapatnam Services Offered Mumbai • Paved area: • Paved Area: • Plot Area of • Plot area of • Land area 6,00,000 sqft 60,000 sqmt ~26,300 sqmt ~1,41,700 sqmt; ~93,000 acres • Covered • Open yard for
Slide 31: Key Financial Metrics - Quarter
Key Financial Metrics - Quarter Throughput (TEUs) Revenues (Rs. Crs) EBITDA/ TEU (Rs./TEU)* 95,306 95,449 87 84 88 2,880 84,060 2,112 2,317 Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 CFS volumes Q3 FY22 Q3 FY21 Y-o-Y Q2 FY22 Q-o-Q Throughput (TEUs) 95,449 84,060 14% 95,3
Slide 32: Key Financial Metrics – YTD
Key Financial Metrics – YTD Throughput (TEUs) Revenues (Rs. Crs)* EBITDA/ TEU (Rs./TEU)* 2,86,419 268 260 3,459 2,27,161 2,231 9MFY21 9MFY22 9MFY21 9MFY22 9MFY21 9MFY22 CFS volumes 9MFY22 9MFY21 Y-o-Y Throughput (TEUs) 2,86,419 2,27,161 26% Realization (Per TEU) 9,087 11,790 -23% Revenue before SEIS
Slide 33: Financial Performance
Financial Performance Due to COVID-19 led restrictions in FY21, the figures of FY22 are not strictly comparable with prior period
Slide 34: Financial highlights - Quarter
Financial highlights - Quarter Total Income* (Rs. Crs) EBITDA* (Rs. Crs) EBITDA Margin* (%) 336 349 97 100 28.8% 28.7% 314 27.1% 85 Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 PBT (Rs. Crs) PAT (Rs. Crs) PAT Margin (%) 47 48 13.7% 13.5% 51 48 10.5% 35 33 Q3 FY21 Q2 FY22 Q
Slide 35: Financial highlights – YTD
Financial highlights – YTD Total Income* (Rs. Crs) EBITDA* (Rs. Crs) EBITDA Margin* (%) 1,015 289 27.3% 28.5% 829 226 9MFY21 9MFY22 9MFY21 9MFY22 9MFY21 9MFY22 PBT (Rs. Crs) PAT (Rs. Crs) PAT Margin (%) 138 13.4% 142 65 5.8% 48 9MFY21 9MFY22 9MFY21 9MFY22 9MFY21 9MFY22 * Includes Other Income 34
Slide 36: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs. Crs) Q3 FY22 Q3 FY21 Y-o-Y Q2 FY22 Q-o-Q Revenue from Operations before SEIS Income 349.3 313.8 11% 335.7 4% Other Income 6.8 2.5 5.8 Total Income before SEIS Income 356.0 316.3 13% 341.5 4% Operating Expenses 216.2 191.7 205.5 Employee Expenses 15.
Slide 37: YTD Profit & Loss Statement
YTD Profit & Loss Statement Particulars (Rs. Crs) 9MFY22 9MFY21 Y-o-Y FY21 Revenue from Operations before SEIS Income 1,014.6 829.1 22% 1,179.3 Other Income 15.2 8.5 11.3 Total Income before SEIS Income 1,029.8 837.6 23% 1,190.7 Operating Expenses 625.0 499.3 710.2 Employee Expenses 46.0 46.7 67.6 O
Slide 38: Balance Sheet
Balance Sheet ASSETS (Rs. Crs) 31-Dec-21 31-Mar-21 EQUITY AND LIABILITIES (Rs. Crs) 31-Dec-21 31-Mar-21 NON-CURRENT ASSETS 2,123.4 2,135.5 EQUITY 1,560.8 1,484.6 Property, Plant and Equipment 1,365.0 1,358.6 Equity Share capital 499.6 499.6 Capital Work In-Progress 6.2 29.1 Other equity 1,051.6 975.
Slide 39: Deleveraging Balance Sheet
Deleveraging Balance Sheet Net Debt Movement (Rs. Crs) Net Debt: Equity (X) Net Debt: EBITDA (X) 2.21 0.51 2.06 681 58 0.47 1.84 623 1.67 115 508 494 0.36 14 470 0.34 1.37 51 443 27 29 441 0.30 67 374 0.24 0.97 Mar- Repaid Jun- Repaid Sep- Repaid Dec- Repaid Mar-IncreaseJun- Repaid Sep- Repaid Dec-
Slide 40: Gross Debt Payment Schedule
Gross Debt Payment Schedule Rs. Crs Term Loan Vehicle loan NCD 539 18 13 128 5 60 178 18 50 116 51 53 10 55 108 50 55 71 280 15 55 69 4 65 1 0 1 Dec-21* Repayment FY22 Repayment FY23 Repayment FY24 Repayment FY25 Repayment FY26 Repayment FY27 Repayment FY28 * - Excluding Cash Credit and Others Note:
Slide 41: Financial Trends Rail Vertical CFS Vertical
Financial Trends 867 869 789 816 743 763 Revenue Rail Vertical EBITDA* 211 188 221 156 152 174 PBT** 139 119 83 75 98 87 FY16 FY17 FY18 FY19 FY20 FY21 418 417 387 386 387 363 Revenue 192 EBITDA* 140 118 106 155 103 CFS Vertical PBT** 110 111 -6 86 66 63 FY16 FY17 FY18 FY19 FY20 FY21 * - Incl. Other
Slide 42: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Gateway Distriparks Limited Strategic Growth Advisors Pvt. Ltd. CIN - U60231MH2005PLC344764 CIN - U74140MH2010PTC204285 Mr. Sandeep Kumar Shaw Mr. Jigar Kavaiya / Mr. Parin Narichania sandeep.shaw@gateway-distriparks.com
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