In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please find attached Earning/Investment Presentation on Un-Audited Financial Results ...
Date: October 31, 2022
Listing Department, The National Stock Exchange of India Ltd., “Exchange Plaza”, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
Listing Department, BSE Ltd., Phiroz Jeejeebhoy Towers, Dalal Street Mumbai-400001
Scrip Symbol: TCIEXP
Scrip Code: 540212
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
Dear Sir/Madam,
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please find attached Earning/Investment Presentation on Un-Audited Financial Results for Q2/HY 2022- 2023.
This Presentation is also available on the website of the Company at https://www.tciexpress.in/investor- analyst-corner.aspx?invid=15.
This is for your information and necessary records please.
Thanking you,
Yours faithfully, For TCI Express Ltd.
Priyanka Company Secretary & Compliance Officer Encl: As above
Website: www.tciexpress.in Corporate Office: TCI House, Plot No. 69, Sector 32, Institutional Area, Gurugram - 122001, India Tel.: +91-124-2384090-94 • Email: info@tciexpress.in • CIN: L62200TG2008PLC061781 Registered Office: Flat Nos. 306 & 307, 1-8-273, Third Floor, Ashoka Bhoopal Chambers, S. P. Road, Secunderabad – 500003 • Tel.: ++91 40 27840104
91 40 27840104
PRIYANKADigitally signed by PRIYANKA Date: 2022.10.31 16:11:58 +05'30' STABLE. SCALABLE. SUSTAINABLE.
Q2 FY2023 Earnings Presentation
Q2 FY2023 Highlights
Delivered highest quarterly performance with topline increase of 13.2% on Y-o-Y basis
EBITDA of Rs. 54 Cr. and its margins improved to 17.2%, and Net Profit up by 21.8% on Q-o-Q basis
Rs. 312 Cr
13.2% Y-o-Y
Rs. 54 Cr
Margin 17.2%
Q2 FY23 Income
Q2 FY23 EBITDA
Rs. 38 Cr
Margin 12.1%
Q2 FY23 PAT
Rs. 3/-
Dividend per Share
Key Highlights
▪ Revenue growth is driven by demand from both Corporate and SME customers, higher volume across the services and better internal operational efficiencies
▪
EBITDA stood at Rs. 54 crores with margins remaining strong at 17.2% compared to 15.3% in Q1 FY23
▪ Delivered robust quarterly profit of Rs. 38 crores with
margin of 12.1%
▪ Continued to maintain strong CFO to EBITDA ratio of 46.9% and generated Rs. 46 crores of cash flow from operations during the first six months
www.tciexpress.in
2
Management Perspective
Commenting on the performance, Mr. Chander Agarwal, Managing Director, said:
“Q2 FY2022 started on a positive note with strong economic and business activities. The recovery trend was visible in many internal & external economic indicators and parameters. During the quarter, we saw an overall improvement in the output for the month of July with a marginal decline in August primarily due to a decline in the manufacturing and mining sector. The E-Way bills generation, a key parameter that measures the performance of the logistics sector, grew by 152% over the pre-Covid period (October 2019-February 2020) in September reaching 7.6 crore.
As regards to the financial performance of the quarter, TCI Express, being the market leader in express logistics, delivered the highest quarterly
revenue of Rs. 312 crores, registering a growth of 13.2% y-o-y and 6.8 % on a sequential basis, primarily driven by growing SME customers, higher volume across the services. Automation of the sorting centres substantially increasing the daily capacity by reducing parcel handling time, vehicle halting time and labour involvement resulting enhancement of overall operational efficiency and strong sustainable margin.
EBITDA for the quarter was Rs. 54 crores with a strong margin of 17.2% as compared to 15.3% in the preceding quarter. The EBITDA and margins growth were primarily on account of higher capacity utilization and operational efficiencies. Our Profit after Tax stood at 38 crore with a margin of 12.1% compared to a margin of 10.6% in Q1 FY23. In view of our strong performance in the first half of the year, I am pleased to announce that the Board of Directors has recommended an interim dividend of Rs. 3 per share with a pay-out of 150% on the face value.
On the investment side, during the first half of the year, we have incurred a total Capex of Rs.50 crores primarily invested for land purchase in Kolkata for setting up an automated sorting centre and network expansion by adding 22 new branches to serve a growing market. The ongoing automation and digitization will enable us to be much more efficient in delivering superior customer experiences and enhance operational efficiencies in the long run which enable us to deliver industry-leading performance. Our newly launched services are going from strength to strength. We expect the service offerings to contribute productively to the top line in the forthcoming quarters enabling us to deliver higher margin levels. Looking ahead, the logistics industry remains poised to grow strong as the growth of the sector is fully aligned with India’s economic growth potential. The recently launched ‘PM Gati Shakti National Master Plan’ by our Prime Minister for multimodal infrastructure connectivity to economic zones will get a further boost with the launch of the National Logistics Policy. The policy will help significantly in terms of transportation, warehousing, and inventory management by creating a roadmap for enabling a seamless, integrated, reliable, and green logistics network, to usher in a greater degree of competitiveness in the market. This will pave way for putting the Indian logistics industry on par with the international players.
With a major policy push by the government and aided by strong economic recovery, we remain confident in our ability to provide high-quality, reliable, time-critical services. We would thus be leveraging on the growing opportunities to drive value for our shareholders and deliver sustainable growth.”
www.tciexpress.in
3
Fastest Express Delivery Company in India
TCI Express has successfully completed 6 years post the demerger and has become industry leading and fastest delivery company in India
Specialized in offering time definite solutions with focus on Tier II and III cities
ERP enabled operations, barcoding on packaging, GPS enabled vehicles and CCTV surveillance all India
Serves 95% of B2B customers and 5% of B2C customers
The only express cargo company in India with own set up across nation. Offers services on Sunday, Holiday and late pickup
Ranked 412 in top 500 companies based on market cap, as on March 31, 2022
Year of Listing
2016
Locations Serviced
50,000
Countries Serviced
202
Containerized Vehicles
5,000
Air Gateways
24
Company Branch Setup
900+
Workforce
3000 +
Sorting Centres
28
www.tciexpress.in
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Why TCI Express?
Ranked 412 in Top 500 Companies based on Market Cap, as on March 31, 2022
Asset Light Business Model
High Value Cargo (Low volume, high margins)
Low Working Capital Requirement
Lowest Cost Structure
No Franchise: All owned Branches
API based back- end technology
Containerized Movement
Superior Customer Support Services
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Geographical Footprint
Fastest Delivery Company in India
Company Branches
900+
500+
Pharma Cold Chain Express
E Commerce
Surface Express
Express Services
C2C Express
Rail Express
Domestic and International Air Express
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Financial Performance
Particulars (in Cr)
FY2023
FY2022 Growth (%)
FY2023
Growth (%)
FY2023
FY2022
Growth (%)
Q2
Y-o-Y
Q1
Q-o-Q
H1
Y-o-Y
Income from Operations Other Income Total Income
EBITDA Margin (%)
EBIT Margin (%)
PBT Margin (%)
PAT Margin (%) EPS
Notes: 1. 2.
EBITDA and EBIT includes other income All Margins calculated on Total Income
309.9 2.3 312.2
53.7 17.2%
50.3 16.1%
49.9 16.0%
37.8 12.1% 9.8
273.4 2.4 275.8
47.6 17.3%
45.3 16.4%
45.0 16.3%
34.0 12.3% 8.9
13.3%
13.2%
12.9%
11.0%
11.0%
11.0%
10.9%
290.4 1.9 292.4
44.7 15.3%
41.4 14.2%
41.1 14.1%
31.0 10.6% 8.1
6.7%
6.8%
20.2%
21.4%
21.4%
21.8%
21.9%
600.3 4.2 604.5
98.5 16.3%
91.6 15.2%
91.0 15.1%
68.8 11.4% 17.9
496.4 4.0 500.4
81.3 16.3%
76.7 15.3%
76.3 15.3%
57.8 11.6% 15.0
20.9%
20.8%
21.1%
19.4%
19.2%
19.0%
19.1%
* All numbers in Crores unless specified
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Q2 FY2023 Performance Discussion
• Total Income for the quarter stood at Rs. 312 Crores, registering an increase of 13.2 % y-o-y. This growth was driven by strong recovery in economic activities and growing demand from both Corporate and MSME customers
• Focusing on revenue quality and continued productivity improvement
• EBITDA margins improved over the past quarter due to:
o Higher capacity utilization of 85% and improvement in demand during the quarter o Improvement in overall efficiency, internal systems and processes driven by automated sorting centres
• Capex of Rs. 50 Crores incurred during H1 FY2023 primarily spent towards land purchase in Kolkata for setting
up the automated sorting centre and network expansion to serve the rapidly growing market
• 22 new branches were opened during H1 FY2023 to deepen TCI Express presence in key business geographies
to cater the growing demand
* All numbers in Crores unless specified
www.tciexpress.in
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Leverage Profile and Working Capital Cycle
Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL)
Stable Working Capital Management
Particulars (in Cr)
Long Term Debt
Short Term Debt
Total Debt
Less: Cash & Cash Equivalents
Net Debt
Total Equity
Net Debt/Equity
Sep-21
Mar-22
Sep-22
0.5
0.9
1.5
0.2
0.8
1.0
0.0
0.5
0.5
83.0
105.0
83.5
(81.6)
486.6
(0.17x)
(104.0)
536.2
(0.19x)
(82.9)
586.6
(0.14)x
Payables Days
46
35
35
31
Q2 FY20
Q2 FY21
Q2 FY22
Q2 FY23
Receivables Days
Net Working Capital Days
50
48
49
54
15
13
2
24
Q2 FY20
Q2 FY21
Q2 FY22
Q2 FY23
Q2 FY20
Q2 FY21
Q2 FY22
Q2 FY23
Note: Receivable Days has been calculated on Revenue from Operations inclusive of GST for the respective quarters
www.tciexpress.in
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Quarter Performance Trends
Consistent performance track record backed by resilient margin profile
Total Income
EBITDA and Margins
275.8
289.0
300.3
292.4
312.2
47.6
49.3
52.3
53.7
44.7
17.3%
17.0%
17.4%
15.3%
17.2%
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
PBT and Margins
PAT and Margins
45.0
46.8
48.9
49.9
41.1
34.0
35.1
35.9
37.8
31.0
16.3%
16.2%
16.3%
14.1%
16.0%
12.3%
12.2%
12.0%
10.6%
12.1%
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Notes: 1. 2.
EBITDA includes other income All Margins are calculated on Total Income
* All numbers in Crores unless specified
www.tciexpress.in
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Cash Flow from Operations vs Free Cash Flows
Sustainable cash flow over the years with focused approach on generating free cash flows which enables to deliver consistent shareholder return
118.9
127.6
77.5
53.2
81.1
49.2
63.5
47.5
46.2
FY2019
FY2020
FY2021
FY2022
(3.5)
H1FY2023
Cash Flow from Operations
Free Cash Flows
• Cash flow from operations stood at Rs. 46 crore for H1 FY2023
• Capex of Rs. 50 Crores incurred during H1 FY2023 primarily spent towards land purchase in Kolkata for setting up the
automated sorting centre and network expansion to serve the rapidly growing market
•
Efficient working capital management, cash flow conversion cycle, robust capital structure and strong collections from customers and credit support from suppliers
* All numbers in Crores unless specified
www.tciexpress.in
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Balance Sheet
Particulars (Rs Crores)
H1 FY2023
FY2022
Particulars (Rs Crores)
H1 FY2023
FY2022
Assets Non-Current Assets Property, Plant and Equipment Right of Use Assets Capital Work in Progress Intangible Assets Financial Assets Investments Other Financial Assets Total Non-Current Assets
Current Assets Financial Assets Trade receivables Cash & cash equivalents Other Bank Balances Investments Loan and advances Other Financial Assets Current Tax Assets ( Net) Other current assets Total Current Assets TOTAL ASSETS
314.5 28.5 28.9 3.9
1.1 0.0 376.8
218.8 20.5 2.3 60.7 10.1
3.6 19.3 335.4 712.2
Equity and Liabilities EQUITY Equity Share Capital Other Equity Total Equity
LIABILITIES Non-Current liabilities Financial liabilities Lease liabilities Long Term Borrowings Deferred Tax liabilities (Net) Total Non-Current liabilities
Current liabilities Financial-Liabilities Short Term Borrowings Trade Payables MSME Others Others Financial liabilities Provisions Other Current liabilities Total Current liabilities Total Equity And Liabilities
314.7 2.0 6.1 3.0
1.1 0.0 326.9
189.5 15.7 2.3 87.0 9.5
4.1 21.9 330.1 657.0
7.7 578.9 586.6
4.7 0.0 9.3 14.0
0.5
1.0 69.7 14.1 7.2 16.2 111.6 712.2
7.7 528.5 536.2
0.1 0.2 7.9 8.2
0.8
1.0 72.7 16.1 5.5 16.4 112.6 657.0
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Strategy and Outlook
TCI Express Offering
Capital Expenditure
❑ Added new value added services such as Pharma Cold Chain
and C2C express
❑ Launch and expand Rail service offerings
❑ Continuous focus on volume growth through B2B client
acquisition
❑ Planned CapEx of Rs. 500 crores in 5 years (FY23-FY28)
❑ Investment in sorting centres
❑ Automation and enhancing technological capabilities
❑ In H1 FY2023 incurred capex of Rs. 50 Crores
Revenue Growth Drivers
❑ Highly diversified client base of corporate and SME customers. Well spread across industry verticals
❑ Continuous expansion in metro and tier I cities through new branch offices
❑ Contribution of new and value-added service offerings to drive growth
❑ Automation at owned sorting centres to drive operation efficiency and enhance profitability
❑ Government Initiatives to strengthen logistics sector and focus on infrastructure to provide seamless connectivity to remote rural areas
www.tciexpress.in
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Strategic Priorities by 2025
New value-added services is expected to contribute 25% to top-line: • Rail Express • C2C Express • • Air Express
Pharma Cold Chain Express
Maintain high return ratios and consistent dividend pay-out
Full focus on technological advancement and automation to further enhance operational efficiency
More than Double the Revenue – Rs. 2000 Crs+ • Increase customer base • Double branch offices • Owned sorting centre in
major metros
Create Wealth for all Stakeholders
www.tciexpress.in
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Largest B2B Sorting Center
Company has made significant progress in each of its strategic focus areas, has successfully commissioned India's first and largest automated B2B sorting center in Gurgaon in March 2022 reducing parcel handling time and vehicle halting time
Gurgaon Sorting Centre
Location:
Gurgaon
Area:
2 lakh sq.ft
Solar Panel:
800 KW
Operational:
India's first and largest automated B2B sorting center operational from March 2022
Inhouse ERP and Automation
Shorter Turnaround Time
24x7 Higher Capacity Utilization
Enhance Customer Satisfaction
Enhance Profitability
www.tciexpress.in
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Expanding Service Offering: Rail Express
Rail Express service is a unique service offering aimed at providing high value service at a lower cost Expanded customer base from 250 to 1500 and presence from 10 routes to 100 routes since inception
Asset Light Business Model
✓ TCI Express to buy space on the trains to ensure higher
capacity utilization
✓ Independent team to manage this business offering
Centralized and integrated logistics system
Advantages
✓ Faster transit time at a lower cost substituting Air Cargo ✓ Optimize economies of scale at branches and routes ✓ Use of strong railway network
Infrastructure Development backed by government
✓ Indian railways aims to increase its freight traffic from 1.1
billion tons in 2017 to 3.3 billion tons in 2030
✓ Lower carbon footprint and sustainable mode of transport
Shorter Turnaround Time
Uninterrupted Transportation
Synergistic with Existing Express Business
Higher Margin Business
Bridging the Gap between Air and Surface
Infrastructure Backed by Government
www.tciexpress.in
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Expanding Service Offering: Pharma Cold Chain Express
TCI Express successfully launched Pharma Cold Chain Express Service, an asset light model and
use existing hub and spoke network to meet the growing demand for Cold Chain logistics
TCI Express Pharma Cold Chain Transportation
Standard Operating Procedures followed by TCI Express
✓ TCI Express continues to implement asset light model in the
Pharma Cold Chain logistics segment
✓ Dispatching Pharma shipments either Frozen (Blood Plasma) or Vaccines under the prescribed temperature as norms ensuring there are no fluctuation in the temperature
✓ Dispatching frozen products as per FSSAI norms ensuring
there are no fluctuation in the temperature
✓ Monitoring of temperature maintained through Data Loggers
and real time monitoring though tracer
✓ Tracking of vehicles through GPS and real time data been
provided to the customer
✓ Proper loading and unloading of material ensuring there are
no temperature fluctuation
Measure temperature at loading and unloading
Additional data logger at door for additional check
Precooling vehicle
at -18 C
Reduce loading and unloading time
Live monitoring of temperature through proper systems
Pharma Cold Chain Express
Regular Pull Down and Holding test
Check for
Air leakages
www.tciexpress.in
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Expanding Service Offering: C2C Express
TCI Express launched India’s first customer to customer C2C Express service, implementing asset light model
Transportation Mode – Fast Trucking
Transportation Mode – Milk Run
Minimizes connections and travel time
Pick up from multiple locations and delivery at single point
Offering a high frequency of services
Pick up from one location and delivery at multiple locations
Directly connects the set of locations without any interruption of services
Real time tracking through GPS and temperature through tracer
Flexible routes
Flexible routes
End to End Transportation, Door Pick up and Door Delivery
Multilocation Delivery and Pick up
GPS Enabled Vehicle for tracking
Single Point of contact for any query
Movement of High Cargo value
www.tciexpress.in
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Last 5 Year Key Takeaways
Inherent Business Strength
✓ Fastest B2B Express Delivery Company in India
✓ Asset light model allows Company to maintain higher utilization and drive strong cash flows
✓ No franchise model. All branches are company owned which ensures adoption of best standard operating procedures
✓ Diversified business model catering to all the major manufacturing industries
✓ Locations servicing from 32,000 locations in FY 2017 to 40,000 locations in FY 2022
Expanding Business
✓ Branch offices increased from 500 in FY 2017 to 900+ branches in FY 2022
✓ Sorting centers increased from 26 in FY 2017 to 28 in FY 2022
✓ Customers count increased from 1.6 Lakh in FY 2017 to 2.0 Lakh in FY 2022
Generating Returns for all Stakeholders
✓ 5 Year track record of consistently delivering enhanced margins and profitability. EBITDA growing at a
CAGR of 23.7% and net profit at a CAGR of 28.0%
✓ Consistently paying dividend for last 6 years and generating high return on capital employed
✓ Debt free company, maintaining strong balance sheet and flexible capital structure
www.tciexpress.in
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H1 FY2023 Highlights
Continued to deliver accelerated business growth with consistent return on capital and a revenue growth of 20.8% on Y-o-Y,
Announced interim dividend of Rs. 3 per share, and payout of 150% on the face value for H1 FY2023
Total Income
Rs. 604 crore H1 FY2022: Rs. 500 crore
20.8% Y-o-Y
EBITDA | Margins%
Rs. 98 crore | 16.3% H1 FY2022: Rs. 81 crore | 16.3%
21.1% Y-o-Y
Net Profit | Margins%
Rs. 69 crore | 11.4% H1 FY2021: Rs. 58 crore | 11.6.0%
19% Y-o-Y
35.8% H1 FY2023 ROCE
27%
H1 FY2023 ROE
Rs. 46 Crores Cash Flow from Operations
www.tciexpress.in
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Annual Performance Trend
Strong track record of consistently delivering, enhanced margins and profitability
Total Income from Operations
EBITDA Margins
1,036
1,090
852
500
605
182.9
142.0
16.7%
16.8%
125.7
12.1%
81.3
16.3%
98.5
16.3%
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
PBT and Margins
172.0
117.0
132.2
76.3
91.0
15.5%
15.8%
15.3%
15.1%
11.3%
PAT and Margins
128.8
100.6
57.8
68.8
11.8%
11.8%
11.6%
11.4%
89.1
8.6%
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
Notes: 1. 2.
EBITDA includes other income All Margins are calculated on Total Income
* All numbers in Crores unless specified
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Key Ratios
Maintaining the track record of consistently generating high returns with focus on creating wealth for all stakeholders
Dividend per Share (Rs) & Payout (%)
Return on Capital Employed (%)
8.0
23.9%
4.0
4.0
17.2%
15.3%
3.0
3.0
20.0%
16.8%
38.3%
34.3%
35.5%
29.9%
28.1%
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
Return on Equity (%)
Cash Conversion Ratio (%)
29.5%
26.1%
26.6%
22.6%
21.0%
83.7%
64.5%
69.7%
56.7%
87.0%
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
FY2020
FY2021
FY2022
H1 FY2022
H1 FY2023
www.tciexpress.in
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TCI Express – Leading Margins and Profitability in the Industry
EBITDA Margins %
EBIT Margins %
16.9%
16.6%
13.2%
7.8%
5.4%
3.3%
15.9%
12.7%
10.5%
6.4%
2.1%
1.0%
TCI Express
Peer 1
Peer 2
Peer 3
Peer 4
Peer 5
TCI Express
Peer 1
Peer 2
Peer 3
Peer 4
Peer 5
PAT Margins %
Key Highlights:
11.8%
8.9%
8.5%
4.8%
0.8%
TCI Express
Peer 2
Peer 1
Peer 3
Peer 4
(0.3)% Peer 5
Notes: 1. 2.
All financials are based on FY2022 reported numbers EBITDA and EBIT including Other Income
▪
TCI Express continues to outperform peer group in terms of EBITDA Margins and Profitability Ratios
▪ Unique Asset Light Model has allowed TCI Express to maintain
higher capacity utilization and deliver strong EBITDA margins even in the challenging times
▪
Revenue mix driven equally by SMEs and corporates
www.tciexpress.in
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Express Industry – An Outlook
India GDP $3.2 Tn
Total Logistics Spend $448 Bn
Road Transportation $210 Bn
Un-Organised Segment 95%
TCI Express Carries $16 Bn
TCI Express Market Share 7%
60% Road
31% Rail
9% Water
0.1% Air
Indian Logistics Market Split
Logistics as % of GDP
15%
$17,734 Bn
14%
$3,173 Bn
8%
$24,994 Bn
Notes: 1.
Source : World Bank Database - 2021 Figures, Department of Commerce – Gov. of India
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Indian Logistics Industry
Greater Push on Manufacturing and Infrastructure Sector
Logistics Policy Support from the Government
Make In India initiative provides focused expenditures to encourage local product manufacturing and infrastructure development
Benefits - Demand for freight mobility and supply chain solutions would rise as manufacturing activity expands
India’s Road Logistics Infrastructure
Bharatmala Pariyojana - construction of economic corridors with a length of 26,000 km, are anticipated to transport the majority of the volume of freight traffic on roadways. In addition, 35 places have been chosen for the creation of Multimodal Logistics Parks.
Benefits - Decrease congestion on projected Corridors, improve logistic efficiency, and lower the logistic costs of freight movements
Digital India’s objective is to facilitate the digitalization of the supply chain, which will increase logistical efficiency. This flagship initiative aims to convert India into a digitally empowered society and knowledge economy
Benefits - The logistics industry's efficiency is projected to increase as a result of the digital drive, with fewer empty fleets and shorter wait times
National Logistics Policy 2022
The policy focuses on key areas such as process re-engineering, digitisation, and multi-modal transport The need for a national logistics policy was felt since the logistics cost in India is high as compared to other developed economies
Benefits - Logistics costs have to be cut by half to be near global benchmarks by 2030 by reducing the cost of logistics from 14-18% of GDP to global best practices of 8%
National Logistics Policy
Aims to lower logistical costs and making the logistics industry seamless and integrated. It is expected to build a single-window e- logistics market with an emphasis on job creation, skills development
Logistics Efficiency Enhancement Program (LEEP)
Increase freight transportation efficiency by lowering related costs, transit time, and logistical processes
Expanding Rail Infrastructure
Rs. 1.4 lakh crore for railway infrastructure development, including integration of the Postal and Indian Railway Networks, network safety and capacity enhancement
Higher Budget Allocation
‘
First budgetary outlay of Rs 200 billion towards National Highways Network would be extended by 25,000 KMs under PM Gati Shakti
www.tciexpress.in
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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 53 years. He has been contributing in developing the unorganized logistics sector into an organized one.
Mr. Agarwal is also associated with various Chambers of Commerce including CII, FICCI & PHDCCI. He also takes active participation in many social and philanthropic activities for the common good.
Mr. Chander Agarwal, Managing Director
Mr. Chander Agarwal is a Bachelor of Science in Business Administration from 1996 to 2001 from Bryant College, Smithfield, RI, He joined TCI as Summer Intern and worked in various departments including operations, logistics and marketing etc. thereby getting fair amount of exposure to the key functions in the Company.
His hands-on experience with Transfreight USA, a 3PL specializing in 'lean logistics' for Toyota Motor vehicles, USA, has given him unmatched knowledge of the Supply Chain Management. Currently he is spearheading Group TCI's international expansion across Asia, Latin America & Africa.
Mr. Pabitra Panda, Chief Operating Officer
Mr. Pabitra Mohan Panda, is a Chief Operating Officer (COO) of the Company effective from August 7, 2019. He is Post Graduate in Computer Applications and Statistics. He has joined TCI Group in the year 1998 and has a distinguished service record of 24 Years in the Company.
He worked in various functions and departments and risen to the designation of Regional Express Manager. Prior to such elevation as COO, he was appointed Regional Manager-Delhi Region on May 2, 2016.
www.tciexpress.in
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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 19 years. He was working as CFO-XPS, Division of Transport Corporation of India Limited. He is a finance professional with over a decade of experience spanning the entire gamut of finance and had played major role in overall strategy and corporate governance
Mr. Girija Shankar, Chief Marketing Officer
Mr. Girija Shankar Das is an MBA having specialization in Marketing. He joined TCI Group in 2005 and has more than a decade of versatile experience in operations, sales, marketing and Customer Retention. He has worked in various functions and departments including "Zonal Express Manager" at Chennai and Bhiwandi (Mumbai). Currently he is serving the position of Chief Marketing Officer in TCI Express Limited
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Sustainability a Core Pillar of Strategy
Committed to manage environmental and social footprint in our operations and build long term sustainable business
Environment • Focused on implementing robust
environmental practices across operations
• Working to reduce emission level by replacement
of old vehicles with new standard
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Increasing use of advance technologies such as online tracking, e-docketing and e-invoicing
• Using solar renewable source of energy
Social
• TCI Foundation, the social arm of TCI Express, is committed to serve the nation with a motto of equality and a better life for all citizens
• Diversity and inclusion are the core pillars of
our strategy. 12.90% of the workforce are female
• Fair Wage, Benefits and Contracts for all
employees
Certified as a 'Great Place To Work' for the third year in a row, for the period March 2022
CSR and Awards
• During FY2022 TCI Foundation’ and TCI Charities
has spent Rs. 2.40 Crores, towards its commitment to the development of society
• Conferred with 'Business Superbrand' and
'Iconic Brands of India
Governance
• Well-defined corporate governance policies and
practices
• Qualified board and possess an appropriate
balance of skills, experience, independence and knowledge
• 50% of the board is independent
TCI Express ESG Profile Link: https://bit.ly/2LmB6fd
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ESG Profile – Consolidating all ESG Disclosures
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Visit ESG Profile on our Website in Investor Relation Section or click here - https://bit.ly/2LmB6fd
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Consolidates all ESG disclosures on a single platform, enabling stakeholders to conveniently conduct their due diligence
Highlights – Captures qualitative ESG content associated with the respective subfactor
Links – Provide easy access to the underlying source documentation by click of a button
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ESG disclosures mapped with International ESG Reporting Frameworks
Search based on key words. Conveniently search for specific ESG information
Feedback – TCI Express solicits feedback from all the stakeholders on their ESG disclosures. Click and provide feedback
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Awards & Recognition
Corporate Governance Corporate Governance
Award Awards
Ranked 418 in Top 500 Companies based on Market Cap, as on March 31, 2022
Credit Instruments rated by two leading Credit Rating Agencies
Latest Award Image required
Industry Recognition
Building a high trust & Performance culture
The Economic Times Iconic Brands of India
Business Superbrand of 2021-22
Enlisted among 500 most valuable non-state-controlled companies by Hurun India in 2021
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Awards & Recognition
Awards
“Most Preferred Brands 2021” award within the category of “Express Logistics Company”
SCALE award for the best “Express Courier” company by CII Institute of Logistics in Dec-2021
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Share Price Information, as on 28th September 2022
CAGR Return: TCI Express +40% S&P BSE Sensex +17%
Capital Market Information
Key Facts 28th September 2022
BSE / NSE Ticker
540212/ TCIEXP
CMP (Rs.)
Shares O/S (Cr)
1,891
3.85
Market Cap (Rs. Cr)
7,287
52 Week H/L (Rs.)
2,570 / 1,444
2,750
2,300
1,850
1,400
950
500
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e c i r
P e r a h S s s e r p x E
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C T o t
d s a b e R
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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. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations.
These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance.
TCI Express undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances.
For further information, please contact:
Mukti Lal Chief Financial Officer, TCI Express
+91 124 238 4090-4094 (Extn. 606) mukti.lal@tciexpress.in
Anvita Raghuram / Bhushan Khandelwal Churchgate Partners
+91 22 6169 5988 tciexpress@churchgatepartners.com
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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
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