TCI Express Limited has informed the Exchange about Investor Presentation
Date: January 31, 2023
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 Q3/9M 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: 2023.01.31 15:54:13 +05'30' STABLE. SCALABLE. SUSTAINABLE.
Q3 FY2023 Earnings Presentation
Q3 FY2023 Highlights
Delivered the highest quarterly Revenue of Rs. 315.7 Cr, up by 9.3% Y-o-Y Board recommended second Interim Dividend of Rs. 3 per share Total Dividend of Rs. 6 per share and Pay out of 22.9 % for 9M FY2023
Rs. 315.7Cr
9.3% Y-o-Y
Rs. 47.4 Cr
Margin 15%
Q3 FY23 Income
Q3 FY23 EBITDA
Rs. 32Cr
Margin 10.1%
Q3 FY23 PAT
Rs. 3/-
Dividend per Share
Key Highlights
▪ The company posted a strong topline performance with
continued focus on profitable growth
▪ EBITDA stood at Rs. 47.4 crores with margins of 15.0%
compared to 17.2% in Q2 FY23
▪ The margins during the quarter were partially offset by decrease in utilization levels post festive season and long weekend as well as uptick in other expenses associated with the administrative and advertisement expenses
▪ Announced dividend of Rs. 3 per share in Q3 FY23, taking the 9 months dividend to Rs. 6 per share representing a payout of 22.9 % on the face value for 9M FY2023
www.tciexpress.in
2
Management Perspective
Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: “TCI Express recorded another quarter of strong performance with highest quarterly Revenue of Rs. 315.7 crores, a growth of 9.3% on year on year and 1.5% on sequential basis. The growth was primarily driven by strong demand from the festive season, growth in the Index of Industrial Production (IIP) and E-Way bill generation which ended on a strong note. Our EBITDA for the quarter stood at Rs. 47.4 crore with margin of 15.0%. Profit After Tax during the quarter stood at Rs. 32 crore with margin of 10.1%.
On a nine-month basis, Revenue from Operations of Rs. 920.3 crore, growth of 16.8%, EBITDA of Rs. 145.8 crore, growth of 11.7% and Profit After Tax of Rs. 100.8 crores, growth of 8.5% on year-on-year basis. The margins during the quarter were partially offset by decrease in utilization levels after the festive season and long weekend as well as uptick in other with the advertisement and other administrative expenses. In the light of strong performance during the nine months of the year, the Board of Directors has recommended a 2nd interim dividend of Rs 3 per share for the quarter, taking total dividend to Rs. 6 per share for the 9M FY23, representing a payout of 300% on the face value and 23% on the EPS. In addition, as on 31st December 2022, we had successfully completed the buyback of 182,500 share amounting ~Rs. 41 Crores. (including taxes)
On the investment side, during the 9M FY2023, we incurred a capex of Rs. 98.5 crores, primarily spent towards the acquisition of land for setting up new automated sorting center in Kolkata and for new corporate office in Gurgaon. Additionally, we added 28 new branches in the West and South region to expand our presence to cater the growing demand with industry-leading services.
Among our newly launched services, Rail Express offering getting good traction from customers and we expanded customer base from 250 to 1750 and presence from 10 routes to 125 routes since inception. Our newly launched services offerings are expected to contribute positively to our top line in the forthcoming quarters, enabling us to deliver higher margin levels with sustainable growth.
We are committed to provide high-quality services to customers and remain focused on our strategic initiatives to increase productivity and to maintain our
leadership position by creating value for all stakeholders.”
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 418 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
925+
Workforce
3000 +
Sorting Centres
28
www.tciexpress.in
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Why TCI Express?
Ranked 418 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
www.tciexpress.in
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Geographical Footprint
Fastest Delivery Company in India
Company Branches
925+
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 (%)
Q3
Y-o-Y
Q2
Q-o-Q
9M
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
314.4 1.3 315.7
47.4 15.0%
43.1 13.6%
42.6 13.5%
32.0 10.1% 8.3
286.9 2.1 289.0
49.3 17.0%
47.0 16.3%
46.8 16.2%
35.1 12.2% 9.1
9.6%
9.3%
(3.8)%
(8.4)%
(8.9)%
(8.8)%
(8.9)%
309.9 2.3 312.2
53.7 17.2%
50.3 16.1%
49.9 16.0%
37.8 12.1% 9.8
1.5%
1.1%
(11.9)%
(14.3)%
(14.6)%
(15.3)%
(15.2)%
914.8 5.5 920.3
145.8 15.8%
134.7 14.6%
133.7 14.5%
100.8 11.0% 26.2
783.3 6.1 789.4
130.6 16.5%
123.8 15.7%
123.2 15.6%
92.9 11.8% 24.2
16.8%
16.6%
11.7%
8.9%
8.5%
8.5%
8.5%
* All numbers in Crores unless specified
www.tciexpress.in
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Q3 FY2023 Performance Discussion
• Total Income for the quarter stood at Rs. 315.7 Crores, registering an increase of 9.3% y-o-y. This growth was driven by strong recovery in economic activities and growing demand from both Corporate and MSME customers
• Margins during quarter partially impacted by:
o Decrease in utilisation level post festive season as well as long weekend o Increase in other expenses associated with the administrative and advertisement expenses
• Capex of Rs. 98.5 Crores incurred during 9M FY2023 primarily spent towards land acquisition for setting up new
automated sorting center in Kolkata and for new corporate office in Gurgaon
• 28 new branches were added during 9M FY2023 to penetrate deeper in the key growing markets in West and South region to penetrate deeper in the key growing markets to cater the growing demand with Industry- leading services
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)
Maintaining Stable Working Capital Management
Particulars (in Cr)
Mar-22
Sep-22
Dec-22
Payables Days
Long Term Debt
Short Term Debt
Total Debt
Less: Cash & Cash Equivalents
Net Debt
Total Equity
Net Debt/Equity
0.1
0.8
0.9
0.0
0.5
0.5
105.0
83.5
(104.1)
536.2
(0.2)
(82.9)
586.6
(0.1)
0.0
18.6
18.7
63.1
(44.4)
581.6
(0.1)
42
36
35
36
Q3 FY20
Q3 FY21
Q3 FY22
Q3 FY23
Receivables Days
Net Working Capital Days
49
48
50
52
13
6
16
16
Q3 FY20
Q3 FY21
Q3 FY22
Q3 FY23
Q3 FY20
Q3 FY21
Q3 FY22
Q3 FY23
Note: Receivable Days has been calculated on Revenue from Operations inclusive of GST for the respective quarters
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Quarter Performance Trends
Consistent improvement in financial performance by maintaining strong margin profile
Total Income
EBITDA and Margins
289.0
300.3
292.4
312.2
315.7
49.3
52.3
44.7
53.7
47.4
17.0%
17.4%
15.3%
17.2%
15.0%
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
PBT and Margins
PAT and Margins
46.8
48.9
41.1
49.9
42.6
16.2%
16.3%
14.1%
16.0%
13.5%
35.1
35.9
12.2%
12.0%
31.0
10.6%
37.8
12.1%
32.0
10.1%
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 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
Consistent cash flow generation over the years with focused on investing in the future and driving shareholder returns
118.9
127.6
77.5
53.2
81.1
49.2
63.5
47.5
73.9
11.2
FY2018
FY2019
FY2020
FY2021
FY2022
Cash Flow from Operations
Free Cash Flows
95.4
(3.1)
9M FY23
•
The company has strong cash flow from operations in 9M FY23 of Rs. 95.4 crore
• Continues to maintain strong CFO to EBITDA ratio of 65.4%, which provides extensive flexibility as we continue to focus
on balanced capital allocation
•
Efficient working capital management with robust capital structure and strong cash flow conversion cycle
* All numbers in Crores unless specified
www.tciexpress.in
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Balance Sheet
Particulars (Rs Crores)
9M FY2023
FY2022
Particulars (Rs Crores)
9M FY2023
FY2022
Assets Non-Current Assets Property, Plant and Equipment Right of Use Assets Capital Work in Progress Intangible Assets Financial Assets Investments Total Non-Current Assets
Current Assets Financial Assets Trade receivables Cash & cash equivalents Other Bank Balances Other Financial Assets Investments Loan and advances Other Financial Assets Current Tax Assets ( Net) Other current assets Total Current Assets TOTAL ASSETS
313.34 27.83 68.47 4.66
1.05 415.36
220.68 14.17 2.66 9.47 46.26 0.00 0.00 6.17 18.48 317.89 733.25
314.74 2.02 6.09 3.04
1.05 326.94
189.54 15.74 2.26 9.54 87.00
4.09 21.92 330.09 657.03
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
7.67 573.90 581.57
7.70 528.49 536.19
4.34 0.01 11.12 15.47
18.64 81.82 1.00 2.57 9.12 7.33 15.73 136.21 733.25
0.21 0.12 7.86 8.19
0.78 72.72 1.0 0.01 16.14 5.55 16.45 112.65 657.03
www.tciexpress.in
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Strategy and Outlook
TCI Express Offering
Capital Expenditure
❑ Launch and expand Rail service offerings
❑ Added new services such as Pharma Cold Chain and C2C
express
❑ 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 9M FY2023 incurred capex of Rs. 98.5 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 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 1750 and presence from 10 routes to 125 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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9M FY2023 Highlights
Continues to maintain sustainable growth and margins driven by assets light business model Successfully completed the buyback of 182,500 share amounting ~Rs. 41 Crores
Total Income
Rs. 920.3 crore 9M FY2022: Rs. 789.4 crore
EBITDA | Margins%
16.6% Y-o-Y
Rs. 145.8 crore | 15.8% 9M FY2022: Rs.130.6 crore | 16.5%
11.7% Y-o-Y
Net Profit | Margins%
Rs. 100.8 crore | 11.0% 9M FY2022: Rs. 92.9 crore | 11.8%
8.5% Y-o-Y
31.6% 9M FY2023 ROCE
24.1%
9M FY2023 ROE
Rs. 95.4 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
CAGR +5.3%
EBITDA Margins
CAGR +18.5%
1,027
1,036
887
1,090
852
789
920
122.2
125.7
142.0
130.6
145.8
182.9
92.7
10.5%
11.9%
12.1%
16.7%
16.8%
16.5%
15.8%
FY2018
FY2019
FY2020
FY2021
FY2022 9M FY22 9M FY23
FY2018
FY2019
FY2020
FY2021
FY2022 9M FY22 9M FY23
PBT and Margins
CAGR +19.7%
111.9
117.0
132.2
123.2
133.7
172.0
10.9%
11.3%
15.5%
15.8%
15.6%
14.5%
83.8
9.4%
PAT and Margins
CAGR +21.7%
58.4
6.6%
72.8
7.1%
89.1
8.6%
128.8
100.6
92.9
100.8
11.8%
11.8%
11.8%
11.0%
FY2018
FY2019
FY2020
FY2021
FY2022 9M FY22 9M FY23
FY2018
FY2019
FY2020
FY2021
FY2022
9M FY22
9M 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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Key Ratios
Delivering consistent growth and profitability for our shareholder returns
Dividend per Share (Rs) & Payout (%)
Return on Capital Employed (%)
8.0
6.0
6.0
2.5
3.0
16.4%
15.8%
4.0
4.0
17.2%
15.3%
23.9%
24.8%
22.9%
39.9%
44.3%
38.3%
34.3%
35.5%
34.1%
31.6%
FY2018
FY2019
FY2020
FY2021
FY2022 9M FY22 9M FY23
FY2018
FY2019
FY2020
FY2021
FY2022 9M FY22 9M FY23
Return on Equity (%)
Cash Conversion Ratio (%)
31.8%
30.7%
29.5%
26.1%
26.6%
26.2%
24.1%
79.7%
63.5%
64.5%
83.7%
69.7%
65.4%
51.2%
FY2018
FY2019
FY2020
FY2021
FY2022 9M FY22 9M FY23
FY2018
FY2019
FY2020
FY2021
FY2022
9M FY22 9M FY23
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
23
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
www.tciexpress.in
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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
•
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 fourth year in a row, for the period March 2023
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 SORTING CENTER AWARDS
Complementing India’s Sustainability Movement TCI Express Ltd. GIGA Sorting Centre in Tajnagar has received the GEM 5 Certification
Ranked 418 in Top 500 Companies based on Market Cap, as on March 31, 2022
Credit Instruments rated by two leading Credit Rating Agencies CRICIL Rating: AA- ICRA Rating: A1+
Industry Recognition
Building a high trust & Performance culture
The Economic Times Iconic Brands of India
Business Superbrand of 2022-23
and
GEM
Logistics
Sustainable ASSOCHAM Hub Warehouse Certification evaluates development's sustainability through construction to operation. The highest rating level in this program that may be attained is GEM 5
from design
Pune Sorting Centre, has also been awarded GEM 5 Certification
We are pleased to be a part of India‘s Sustainability movement to Care for aim of Mother Earth, with promoting environmentally sustainable green building design and construction
the
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Awards & Recognition
Awards
Conferred with the Supply Chain and Logistics Excellence (SCALE) awards for the best “Express Courier” 2022 by the prestigious Confederation of Indian Industry (CII)
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Share Price Information, as on 30th December 2022
CAGR Return: TCI Express +31.3% S&P BSE Sensex +14.8% CAGR Return: TCI Express +XX% S&P BSE Sensex +XX%
Capital Market Information
Key Facts 30th December 2022
BSE / NSE Ticker
540212/ TCIEXP
CMP (Rs.)
Shares O/S (Cr)
1,793
3.84
Market Cap (Rs. Cr)
6,929
52 Week H/L (Rs.)
2,100 / 1,444
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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 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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