TCINSE4 August 2022

Transport Corporation of India Limited has informed the Exchange about Investor Presentation

Transport Corporation of India Limited

4th August, 2022

The National Stock Exchange of India Ltd., The Listing Department, “Exchange Plaza”, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051

Scrip Symbol: TCI

Dear Sir/Madam,

BSE Ltd. The Department of Corporate Services, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Scrip Code: 532349

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Investors Presentation for the Q1/FY 2022-23 ended on 30th June, 2022.

This is for your information and necessary records.

Thanking you

Encl: a/a

Earnings Presentation Q1 FY23

Group Overview

TCI

Freight Div.

Supply

Chain Div.

Seaways

Div.

Subsidiaries & JVs

TCI Developers

TCI Express

TCI CONCOR

Transystem

TCI Cold Chain

TCI Bangladesh

TCI Nepal

6+ Decades of Experience

$600+ Mn Revenue

2.5%

Moving India’s GDP by Value

7000+ Employees Strength

1,500+ IT Enabled Own Offices

12,000+ Trucks in Operations

160

650+ ISO Containers

Reefer Vehicles + 13,000+ Cold Pallets positions

8,000+ GP Containers

06 Coastal Ships

13 (Mn sq. ft.) Warehouse Space

500 (Mn Km) Delivered Distance (per year)

Everything Logistics | 2

Logistics industry Growth drivers

Consumer Driven w Increasing trends in online

shopping & digital transactions

w High Degree of Urbanization

Regulatory & Government Initiatives

w Infrastructure push PM Gati

Shakti ,BharatMala, SagarMala, MMLP, DFC

w Boost to domestic supply

chain, PLI, Atmanirbhar Bharat

w GST,E-way bill and E-invoicing driven governance push and formalization

Customer Driven w Focus on core area of business:

increased outsourcing w Rapid pace of technology adoption and automation w Demand for warehousing &

value added services

w Stretched supply chains leading

to dynamic requirements

•

Industry Driven Logistics industry at USD 250B & very fragmented • Push towards Rail Multimodal w National Logistics Policy giving

positive direction

Everything Logistics | 3

Company Strategy : Everything Logistics

Everything Logistics | 4

Wide Range ofServicesTechnology &Drivento incubatehigh growthsegmentsStrongNetworkKey USPsWide Range of Customized Services

VERTICALS SERVED/ PRODUCTS

Automobiles

Retail and CP

Hi-tech (ICE)

Healthcare/ Lifesciences

Energy & Renewables

Aviation & Defense

E-Commerce

Chemicals

Iron and Steel

Agri

UNLOCK BUSINESS POTENTIAL

BENEFITS FOR CUSTOMERS

Single Window Solution

Operational Cost Efficiencies

Trusted Delivery & Fulfillment

Economies of Scale

HORIZONTAL SERVICES

Cold Chain

SAARC+ CHA

Everything Logistics | 5

Multimodal Network

Rail

Coastal

•

High End CBU Logistics End-to-End container movement Cross Border movement

Full rake movements 409 (Q1 2022-23) 272 (Q1 2021-22)

Own Trains : 3 AFTO (Trains)

Containers management

Yards & Terminals

Intl/Exim Baffle/ISO

• • • Marine

TEUs handled: 35915 (Q1 2022-23) 26001 (Q1 2021-22)

Ship Deployed :6 DWT : 79,000 GP containers : 8000+ ISO TTR – 650+

No. of Yards & Terminals managed /Operated

Yards : 55 Terminals:60

Everything Logistics | 6

Unique Positioning to incubate High Growth Segments

Chemical + Pharma

Agri. ++

Renewables

Cold Chain

SAARC

WHY are these high growth segments?

1. Supply chain disruption in China & Europe 2. Chemicals flow into Pharma through APIs. 3. India is preferred manufacturing destinations for chemicals (all MNCs are present here). 4. Maturing SCs

1. 16% of GDP in farm & food sector 2. Consumption linked sector with shorter cycles

1. Global Renewable energy market projected to reach $1,977.6 billion by 2030 2. Boom in “green” energy 3. Increased shift from fossil fuels to renewable energy

1. Growth in the organized food delivery and e- commerce segments. 2. Market maturing to quality vs cost

1. BBIN & CMLV countries. 2. Increasing SC linkages in neighboring countries 3. Look East Policy with Govt investment into projects

1. Multimodal solution for movement of Haz. and Non-Haz. bulk liquid and dry chemicals. 2. Own strategic assets- ISO Tanks, Gas Tankers, Dry Bulk Containers. 3. Responsible Care, ITCO, PESO and Drugs License 4. Chemical & GDP compliant warehouses. © 2022 TCI

TCI’s approach to these high growth segments

1. Multimodal solutions comprising last mile deliveries. 2. 3PL Solutions, Yard management, OBL, WH 3. Offers hub-spoke solutions.

1. End-to-End multimodal through Rail. 2. Import clearance and Warehousing 3. Last Mile and Storage

1. Dedicated team under JV with Mitsui

2. Quality operations with ` cold & dry solutions

3. 150 +fleet (90 Own), 13000+ Pallet position.

1. Own Subsidiaries in Nepal and Bangladesh. 2. Offices at all major borders and capital cities, 3. End-to-End multimodal through Road and Rail. 4. AEO, IATA, CHA, Courier Licenses.

Everything Logistics | 7

Technology Driven Operations

02 Central Monitoring System

w Vehicle Tracking & Fleet Management System w Logistics Control Tower w Security Operation

Centre

04 Strong Tech Team w Version Control w Project Management

System

w Tech enabled Infrastructure

06 Customer and Suppliers w Customer Control

towers

w Customer Relationship Management/Portal & App

w Supplier Performance Management & app

01 Operations & Warehousing w Warehouse Management System w Workman Management System w ERP on cloud, , E-Invoice, E-Waybill w Freight Exchange Platform

03 Digital Transformation

w End to end projects w Robotics Process Automation w Business Intelligence Tool w Optical Character Recognition

IOT Devices

w GPS & GIS w Temperature Sensors w RFID’s w Barcode Scanners

Everything Logistics | 8

Key Highlights



Steady performance with highest quarter ever.

 Mixed sectorial trends with challenges like inflation and demand volatility in few sectors.

 Market liquidity position tighter however company net borrowing remains at zero.

 Our adherence to core business fundamentals enables to us to deliver value.

Consolidated Revenue in Mn.

30%

9082

7002

7035

10000

8000

6000

4000

2000

4088

8281

8117

8430

9040

9053

Q-1

Q-2 FY21

FY22

FY23

Q-3

Q-4

Everything Logistics | 9

TCI Freight Division: Industry nature and trends

～40 Bn USD Less than Truck Load (LTL ) segment size

160 Bn USD Indian Logistics Market

～ 6% Freight Market Growth (CAGR)

40+

Truck variants

12 Mn+ Trucks under operations

6:5 LCGV to HCGV

Key Industry trends:

•

Need for FTL & LTL from

customers

Anywhere to anywhere

model

End to end visibility

In-transit small storage

facilities to grow

Packaging support for high

value goods, fragile items

specially in LTL segment

Everything Logistics | 10

TCI Freight Division: Core competencies and capabilities

•

One of India’s premier organized freight services provider with pan India presence & to SAARC

700 IT Enabled Owned offices, 25 Strategic Hubs

Truck under Operation : 4500+ :Owned : 120

•

On demand use of Foldable Large Containers (FLCs) to safeguard goods.

Single window Key Account Management (KAM) solutions for managing information flow and tracking.

Services

• Provides full truck load (FTL), less than truck load (LTL)

• Customized Solutions

• ODC and Project Heavy Haul

IT Capabilities

• Mobile App controlled loading, unloading

and dispatch of goods.

•

Centralized vehicle tracking through geofenced system and customer service by quick response team.

Everything Logistics | 11

TCI Freight Division: Key Operational Highlights

Figures in Mn

Particulars

Q1 FY23 Q1 FY22

Gr%

FY22

FY 21

Revenue

EBDITA

% to Revenue

EBIT

% to Revenue

3764

2878

30.8%

13716

11507

144

3.8%

134

3.6%

115

25.3%

4.0%

105

3.6%

28.3%

620

4.5%

577

4.2%

472

4.1%

416

3.6%

•

Strong growth amid lower base of last year and improving economic activities

Freight rates have increased across major routes

ROCE on improving trend with asset light model and stable margins

12,093

12,474

11,507

10,291

13,716

2.9%

3.2%

3.3%

4.2%

3.6%

2017-18

2018-19

2019-20

2020-21

2021-22

Revenue (In Mn.)

EBIT

7.0%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

15,000 13,000 11,000 9,000 7,000 5,000 3,000 1,000

80%

60%

40%

20%

2,600

2,100

1,600

1,100

600

100

61%

63%

62%

65%

60%

39%

37%

38%

35%

40%

2018-19 2019-20 2020-21 2021-22 Q1FY23 2022-23 E

FTL

LTL

2,256

2,420

2,360

2,299

2,225

25.5%

16.4%

17.0%

17.8%

13.9%

2017-18 2018-19 2019-20 2020-21 2021-22

Capital Emp. (In Mn.)

ROCE

Everything Logistics | 12

40.0% 36.0% 32.0% 28.0% 24.0% 20.0% 16.0% 12.0% 8.0% 4.0%

TCI Supply Chain Division: Industry nature and trends

3PL Incremental Growth $ 10.74 bn

2020 2025

8% 3PL - Acceleration of Market Growth (CAGR)

14.86% Compound Annual Growth Rate of Warehousing Market (2021-2025)

7.87% 3PL Estimated CAGR (2021-2025)

Organized

Market

2086 Bn Estimated Market Value of Warehouse Industry ( By 2025)

Typical Logistics and Warehouse Cost (as a % of Sales)

Key Industry trends to drive Supply Chain and Warehousing:

•

Third-party logistics to gain momentum

Reorganization of warehouses

Increased use of warehouse automation

Increase in Cold storage

Increased use of Technology

Everything Logistics | 13

TCI Supply Chain Division: Core competencies and capabilities

WH/ DC

E-fulfillment centers

Yards

Cross-docking

Multimodal

3PL, 4PL

IBL, OBL

Control Tower

 Integrated Logistics & Supply Chain Solutions – from conceptualization to execution  Vehicles under Operation : 4000 + Owned : 960  Yards managed : 55  IBL Pickup per day: 5000+  Managing diverse logistics operations for mobility sector (passenger, industrial, agri)

Strong Distribution Network Optimization capabilities

Healthcare

Chemical

Hi-tech

Retail &CP

Auto

Everything Logistics | 14

TCI Supply Chain Division: Key Operational Highlights

Figures in Mn

Particulars

Q1 FY23

Q1 FY22

Gr%

FY 22

FY 21

Revenue EBDITA % to Revenue EBIT % to Revenue

2853 261 9.1% 154 5.4%

2137 228 10.7% 116 5.4%

33.5% 10015 1069 14.6% 10.7% 614 6.1%

33.4%

9344 998 10.7% 596 6.4%

• Decent growth amid uptrends in automotive. • Auto rakes doing well and off-setting fuel price impact • Margin stable with controlled cost structure.

10,149

9,110

9,243

9,344

10,015

10.0%

6.6%

7.0%

6.1%

6.4%

6.1%

2017-18

2018-19

2019-20

2020-21

2021-22

Revenue (In Mn.)

EBIT

7.0%

4.0%

1.0%

-2.0%

11,000

9,000

7,000

5,000

3,000

1,000

Storage Area under Management

Warehouse “A” Grade

13 Mn Sqft (FY22) 130 Cubic Ft ( FY22)

Yard Area under management 250 Acre

2,796

21.7%

3,200

2,700

2,200

1,700

1,200

700

200

3,134

3,004

3,431

3,236

30.0%

24.0%

18.3%

18.5%

18.4%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

2017-18 2018-19 2019-20 2020-21 2021-22

Capital Emp. (In Mn.)

ROCE

Everything Logistics | 15

TCI Seaways: Industry nature and trends

Trends to Drive Forward

Coastal Shipping to Increase from 86MMT to 215MMT by 2025

Waterways : 6% of transportation modal mix

Coastal 6%

Air 1%

Inland 0.6

Rail 32%

Road 60%

• Manufacturing at the Coastal Area will increase

• More SEZs and Warehousing Zone near ports

• Multimodal Logistics Park to Come up

•

Inland Waterways Projects

BBIN and BIMSTEC connectivity

Jal Marg Vikas Project: Rs. 5369 crore

The Sagarmala Project US$120 billion Investment 6+ Mega Ports 14+ Coastal Economic Zones Industrial Zones near Ports

Everything Logistics | 16

TCI Seaways Division: Core competencies and capabilities

Reach & Services

• One of the leading multimodal coastal players having presence along the Western, Eastern & Southern ports of India

shipping Expertise in coastal services, container & bulk cargo movements, and transportation services

TCI Anand

•

First-mile connectivity via rail & road

and

last-mile

• Multi-modal reduced Green logistics)

carbon

solutions

with (

footprint

Owns 8000+ marine containers (multipurpose)

06 domestic coastal ships with a total capacity of 77,957 DWT

TCI Express

Serves 7 of India out 13 pots

Everything Logistics | 17

TCI Seaways Division: Key Operational Highlights

Figures in Mn

Particulars

Q1FY23 Q1FY22

Gr% FY22

FY 21

Avg. INR/MT Price of Low Sulphur Fuel

Revenue

EBDITA % to Revenue

EBIT % to Revenue

1452

1096

32.5%

5332

621

402

54.4%

2363

3692

1150

42.8% 36.7%

44.3% 31.1%

461

293

57.2%

1790

735

31.7% 26.8%

33.6% 19.9%

100000

80000

60000

40000

20000

• Decent growth amidst increased freight rates and return cargo

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

from Myanmar and Port Blair 3 dry docks in FY 23, one has been completed.

•

FY21

FY 22

FY23

6,000

5,000

4,000

3,000

2,000

1,000

2,392

24.7%

3,326

3,443

3,692

22.1%

21.9%

19.9%

2017-18

2018-19

2019-20

2020-21

2021-22

Revenue (In Mn.)

EBIT

5,332

65.0%

5,000

55.0%

4,000

45.0%

3,000

35.0%

33.6%

25.0%

2,000

4,210

3,645

3,909

3,780

3,022

46.5%

15.0%

1,000

5.0%

22.4%

22.1%

19.2%

18.1%

2017-18

2018-19

2019-20

2020-21

Capital Emp. (In Mn.)

ROCE

Everything Logistics | 18

65.0% 60.0% 55.0% 50.0% 45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0%

TCI’s Joint Ventures

Figures in Mn

Q1FY23 (FY22)

Revenue

818 (3010)

162 (587)

1429 (4670)

Y-o-Y Growth

8.6% (-7.1%)

28.7% (62.3%)

84.7% (29.7%)

PAT

13 (56)

9.2(27.60)

189 (540)

Capital Employed

441 (419)

428 (415)

2899 (2911)

Strategic Partner’s Share

49%

20%

51%

Key Operational Highlights

Operates on asset- light model Building upon its capabilities of integrated multimodal logistics solutions Chemicals, Food Grains, Metals etc

Cold chain services to cater temperature control Warehousing, Primary & secondary distribution requirements.

Focused on automotive logistics of Japanese clients

Everything Logistics | 19

Financial Highlights

CONSOLIDATED

Figures in Mn

STANDALONE

Revenue

41,000

31,000

21,000

11,000

1,000

5,000 4,000 3,000 2,000 1,000 -

3,000

2,000

1,000

e u n e v e R

A T I D B E

T A P

28278

32762

7,002

9,082

Q1 FY22

Q1 FY23

FY 21

FY 22

4567

3068

798

1,094

Q1 FY22

Q1 FY23

FY 21

FY 22

EBITDA

PAT

475

788

1635

2928

Q1 FY22

Q1 FY23

PAT

FY 21

FY 22

31000

21000

11000

1000

5000

4000

3000

2000

1000

3000

2000

1000

24888

29357

6215

8231

Q1 FY22

Q1 FY23

FY 21

FY 22

Revenue

4215

2830

818

1152

Q1 FY22

Q1 FY23

FY 21

FY 22

EBITDA

484

766

2671

1490

Q1 FY22

Q1 FY23

FY 21

FY 22

Everything Logistics | 20 PAT

Consistent performance: Key financial Indicators

EV/EBIDTA

11.0

11.3

8.1

6.1

n M n

15,000

12,500

10,000

7,500

5,000

2,500

Return on Capital Employed

12,862

13,477

13052

13368

23.8%

14190

25.3%

16.1%

14.0%

14.7%

FY19

FY20

FY21

FY22

Q1FY23

Consolidated Profit After Tax

Capital Emp.

ROCE

Return on Net Worth

2018-19

2019-20

2020-21

2021-22

Q1FY23

15000

10000

8935

10152

7570

. .

N M N

2928

5000

16.9%

14.1%

13.3%

13517

11967

22.3%

22.7%

1238

813

1453

1432

1507

FY19

FY20

FY21

FY22

Q1FY23

Average Net Worth

Return on Net Worth

FY 17

FY 18

FY 19

FY 20

FY 21

FY 22

Everything Logistics | 21

28% 24% 20% 16% 12% 8% 4% 0%

40%

30%

20%

10%

12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00

3,500

3,000

2,500

n M n

2,000

1,500

1,000

500

Market Summary

Particulars

Market Cap

Debt Enterprise Value P/E

EV/EBITDA

52 Week High

52 Week Low

UOM

30th Jun 22

Shareholding Pattern as on 30th June 2022

Rs Mn.

Rs Mn. Rs Mn. Nos

Nos

Rs/share

52,200

439 52,157 17.0

11.3

858.6

388.4

11%

13%

67%

PROMOTORS

INDIAN PUBLIC

FOREIBN HOLDINBS

BODY CORPORATE MUTUAL FUND

OTHERS

14.2%

14.6%

14.3%

13.0%

80%

90%

100%

125%

17.3%

300%

20%

18%

16%

14%

12%

10%

FY18

FY19

FY20

FY21

FY22

Dividend Ratio

Dividend Payout Ratio

350%

300%

250%

200%

150%

100%

50%

• •

CRISIL Long term Rating : AA ( Positive) ICRA Short Term Rating CP : A1+

Stock returned CAGR of 37% in last 20 years Stock coverage : 11 : Buy Rating :11

Everything Logistics | 22

Corporate Governance: Social Responsibility

Environmental पर्यावरण

Social सयमयजिक

Governance शयसन

•

Eco-friendly workplaces , Solar Panel use at warehouses.

• Multimodal Solutions: push towards green logistics via Rail & Coastal

•

210 Mn invested to improve environmental impact

Produced 16 Mn renewal energy units Vs consumed 6.5 Mn non-renewal energy units

TCI successfully completed 8000 trips via CNG vehicles

•

Road safety and health initiatives across 8 states impacted more than 1 Mn people

Education and empowerment impacted 10000 lives so far

Artificial limb center served 22695 beneficiary so far

• Urmila Sports Academy trained players for National and International sports events

• •

•

Strong and diverse Board Voluntarily adopted BRSR in FY22 itself

Long performance-linked remuneration system

Comprehensive Enterprise risk management and Business continuity plan

Everything Logistics | 23

Future Outlook

• Expected uptrend due to festival season

• Revenue and Profit growth of 10%-15%

• Aggressive capex plan to capture next cycle of growth

Figures In Mn.

Actual (FY07 to FY21)

FY 22 Budget

Q1FY 23 Actual

5163

3210

1339

4755

960

900

600

650

123

1130

15597

3150

292

Hub Centers & Small warehouses

Ships

Containers

Trucks & Rakes

Others (W/H Equip, Wind Energy, IT etc.

Total

Everything Logistics | 24

Thank You!

Best Warehouse Service Provider

Best Cold Chain / Refrigerated Service Provider

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: corporate@tcil.com | Website: www.tcil.com CIN: L70109TG1995PLC019116

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