Transport Corporation Of India Limited · NSE:TCI
Transport Corporation Of India — 9M FY24 Earnings Presentation
26 slides from Transport Corporation Of India's earnings presentation, Feb 5, 2024
Slide 1: Intimation to stock exchanges under Regulation 30
5th February, 2024 Listing Department, Listing Department, The National Stock Exchange of India Ltd., BSE Ltd. The Listing Department, The Department of Corporate Services, “Exchange Plaza”, Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 00
Slide 2: Earnings Presentation 9M FY24
Earnings Presentation 9M FY24 5th Feb 2024 © 2023 TCI
Slide 3: TCI Consolidated Overview
TCI Consolidated Overview TCI 6+ $500+ 1800+ In Millions Decades of Train Supply Seaways Experience Revenue movement Freight Div. Chain Div. Div. 160 Refer Vehicles+ 650+ 13K+ 8K+ TCI Cold TCI CONCOR Cold Pallets Chain ISO Containers positions GP Containers TCI Transystem 3.5K+ 1K+ 10K Bangladesh Lo
Slide 4: Logistics industry Growth drivers
Logistics industry Growth drivers Consumer Driven Customer Driven Industry Driven Regulatory & Government Initiatives • Growth of omni • Focus on core area • Large market Size • Infrastructure push channel retail of business leading PM Gati Shakti, prompting supply to increased • Shift in global Bha
Slide 5: Company Strategy: Everything Logistics
Company Strategy : Everything Logistics Presence Across All Industry Sectors Technology & Key Wide Range Of Automation Driven USPs Services Operations Strong Multimodal Capabilities & Network Everything Logistics | 4
Slide 6: Range of services for customized solutions
Range of services for customized solutions Verticals Served/ Products LTL/FTL Warehousing • Automobiles • E-Commerce Port Logistics • Retail and CP • Chemicals Freight Forwarding • Hi-tech (ICE) • Industrial & Coastal Shipping • Healthcare/ Products / Services Engineering Domestic Rail: Container &
Slide 7: Strong Multimodal Capabilities & Network
Strong Multimodal Capabilities &Network Serving multiple sectors: Agri, Metals, Chemical, Automotive etc incl. cross border 6 Own Ship 3 Own Auto Rail Rakes 8500+ 60 Yards Managed Own GP containers 650+ ISO TTR 55 Terminal managed TEUs handled: Full Rail rake movements: 78903 (9M 2022-23) 1360 (9M 2
Slide 8: Presence across all industry sectors
Presence across all industry sectors capturing most economic activities • Increasing Government spend on infrastructure Engineering and Industrial • Growth in size of GDP • PLI, 100% FDI in select sectors • Increasing Investment in Core sector Metals and Construction Material • Infrastructure develo
Slide 9: 360° Technology Adoption
360⁰ Technology Adoption Relationship Wheel Core Business Operations Wheel Employee Digital Transportation & Logistics Relationship Governance Supply Chain Rail Logistics & Human Customer Logistics Warehousing Enterprise Route Resource & & Supplier Resource Optimization Performance Management Planni
Slide 10: Consolidated Revenue in Mn
Key Highlights Growth momentum slower amidst high base, Highest ever quarter Remained resilient to mixed sectorial trends with Company’s well-diversified service offerings and multi sectorial presence Net Debt free with additional cash surplus 12000 7% 4% 10% 6% 13% 16% 10000 30% 0.2% 18% 1004
Slide 11: TCI Freight Division: Industry nature and trends
TCI Freight Division: Industry nature and trends Industry Growth Drivers • USD 180 B Freight Transport Market, • Need for FTL & LTL from a single provider highly fragmented and unorganized • Anywhere to anywhere model • LTL Freight Transport Market, relatively organized with 15% share • Control Towe
Slide 12: TCI Freight Division: Core competencies and capabilities
TCI Freight Division: Core competencies and capabilities Full Truck Load (FTL) Integrated Surface Transport Solution Less than Truck Hub & Spoke Model Load (LTL) Our We have a robust set-up of 25 strategically located hubs Services across India that enables TCI Freight to widen its Over-dimensional
Slide 13: TCI Freight Division: Key Operational Highlights
TCI Freight Division: Key Operational Highlights Figures in Mn • Flattish revenues amidst mixed sectorial trends with some Particulars Q3 FY24 Q3 FY23 Gr% 9M FY24 9M FY23 Gr% improvement in LTL segment. Opened 30 new branches to further enhance the network. Revenue 3998 4044 -1.1% 11944 11753 2% • M
Slide 14: TCI Supply Chain Division: Industry nature and trends
TCI Supply Chain Division: Industry nature and trends Industry Growth Drivers • Higher demand for integrated and • Market Size USD 12 Bn customized solutions • Supply chain network optimization • Relatively less fragmented with especially in warehousing higher organized market • Growth of Omni chann
Slide 15: TCI Supply Chain Division: Core competencies and capabilities
TCI Supply Chain Division: Core competencies T C I W arehouse and capabilities Our Services 5,000+ Vehicles under Operation • Full-stack integrated offering from Owned:1000 Conceptualization, Design, to execution 55 • High warehouse space utilization by Yards Managed expanding vertically 750 Mn • VA
Slide 16: TCI Supply Chain Division: Key Operational Highlights
TCI Supply Chain Division: Key Operational Highlights Figures in Mn Particulars Q3 FY24 Q3 FY23 Gr% 9M FY24 9M FY23 Gr% • Growth momentum continued amidst mixed uptrends in automotive, retention and expansion of business with existing clients and new business acquisitions. Revenue 3644 3186 14.4% 10
Slide 17: TCI Seaways: Industry nature and trends
TCI Seaways: Industry nature and trends Industry Growth Drivers Waterways : Jal Marg Vikas Project 6% of transportation modal mix Rs. 5K+ crore Coastal Air 1% Inland Coastal Shipping to 6% 0.3% Increase from 86MMT Rail to 215MMT by 2025 33% Road 60% The Sagar mala Project • US$120 billion • GOI push
Slide 18: TCI Seaways Division: Core competencies and capabilities
TCI Seaways Division: Core competencies and capabilities Our Services • One of the leading multimodal coastal players Own Multipurpose Marine having presence along the Western, Eastern & Containers Southern ports of India • Expertise in coastal shipping services, container Domestic Coastal Ships & b
Slide 19: TCI Seaways Division: Key Operational Highlights
TCI Seaways Division: Key Operational Highlights Figures in Mn • Weakness in freight rates amidst temporary built-up of Particulars Q3 FY24 Q3 FY23 Gr% 9M FY24 9M FY23 Gr% capacity. Temporary volume weakness amidst delays in Infra projects in Andamans Revenue 1351 1588 -14.9% 3798 4198 -10% • Weaker
Slide 20: TCI's Joint Ventures
TCI’s Joint Ventures Figures in Mn. 9M FY24 (FY23) Revenue 2387 (3047) 573 (601) 7288 (6920) Y-o-Y Growth 6.0% (1.2%) 25.8% (2.4%) 48.5% (48.2%) PAT 40 (55) 29 (28) 1036 (822) Capital Employed 536 (314) 772 (360) 3074 (3110) Strategic Partner’s Share 49% 20% 51% Operates on asset- Cold chain service
Slide 21: Financial Highlights
Financial Highlights STANDALONE Figures in Mn. CONSOLIDATED 45000 5.4% 40000 36000 5.9% 35000 30000 Revenue 27000 29746 28214 25000 27440 3.9% 3.8% 25913 20000 18000 15000 9000 10000 9737 10115 5000 9097 9444 0 0 Q3 FY23 Q3 FY24 9M FY23 9M FY24 Q3 FY23 Q3 FY24 9M FY23 9M FY24 4800 5.0% 4900 5.6% 400
Slide 22: Consistent performance: Key financial Indicators
Consistent performance: Key financial Indicators Figures in Mn 14.0 EV/EBIDTA 12.4 Return on Capital Employed 12.0 11.0 16000 14752 30% 10.2 13459 14000 13231 12690 12631 10.0 25% 8.0 12000 23.9% 25.0% 8.0 23.8% 20% 6.0 10000 6.0 8000 15% 4.0 6000 14.0% 14.7% 10% 4000 2.0 5% 2000 0.0 0 0% FY20 FY21
Slide 23: Market Summary
Market Summary Particulars UOM 31st Dec 23 Shareholding Pattern as on 31st Dec 2023 3% Market Cap Rs Mn. 63908 1% 3% 12% Debt Incl. Leases Rs Mn. 1112 Cash equivalents Rs Mn (3611) 13% Enterprise Value Rs Mn. 61409 P/E Nos 19.5 69% EV/EBITDA Nos 12.4 52 Week High Rs/share 912 52 Week Low Rs/share 56
Slide 24: Corporate Governance: Social Responsibility
Corporate Governance: Social Responsibility Environmental Social Governance E पर्यावरण S सयमयजिक G शयसन • Push towards green logistics via • Road safety and health initiatives across 9 states impacted more • Strong and diverse Board Rail & Coastal – Approx. 30% of • Started BRSR in FY22 voluntarily
Slide 25: Outlook
Outlook • Overall economic trends were moderate this fiscal year • Q4 expects better demand recovery amidst financial year closing • Revenue and Profit growth expected to moderate to range of 5-10% Figures In Mn. Actual FY24 9M FY24 Rev. FY24 (FY07 to Budget Budget Actual FY23) Hub Centers 5530 980
Slide 26: Thank You!
Thank You! Transport Corporation of India Limited TCI House, 69 Institutional Area Sector 32, Gurugram - 122001 Tel.: +91 - 124 - 2381603-07 | Fax: +91 - 124 - 2381611 E-mail Id: finance.mis@tcil.com | Website: www.tcil.com CIN: L70109TG1995PLC019116 Online Presence
Transport Corporation of India — 9M FY24 Earnings Presentation on 6ix