TCI Express Limited has informed the Exchange about Investor Presentation
Date: May 26, 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 Audited Financial Results for Q4/FY 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: 2023.05.26 16:44:22 +05'30' STABLE. SCALABLE. SUSTAINABLE.
Q4 & FY2023 Earnings Presentation
FY2023 Highlights
Total Income
Rs. 1,248 crore
FY2022: Rs. 1,090 crore
EBITDA | Margins%
Rs. 202 crore | 16.2%
FY2022: Rs. 183 crore | 16.8%
Net Profit | Margins%
Rs. 139 crore | 11.2%
FY2021: Rs. 129 crore | 11.8%
14.5% Y-o-Y
10.2% Y-o-Y
8.1% Y-o-Y
33% FY2023 ROCE
25%
FY2023 ROE
Rs. 147 Crores Cash Flow from Operations
▪ Record financial performance for the full year, with strong quarterly results driven by successful strategic initiatives and operations excellency
▪ Maintained strong
structure which allows us to continue to invest in profitable growth
capital
▪
▪
Strong free cash flow of Rs. 147 crores with robust CFO to EBITDA ratio of 73%
Focus on margin stabilization through automation and network efficiency
▪ Building momentum with significant value potential with comprehensive service offerings
Notes: 1. 2. 3.
Return on Capital Employed is calculated as EBIT/Average Capital Employed. Capital Employed = Total Equity + Total Debt Return on Equity is calculated as Net Profit/Average Total Equity ROCE and ROE has been annualised
www.tciexpress.in
2
Q4 FY2023 Highlights
Strongest quarter on record, leading to highest ever quarterly revenue of Rs. 326 crores
EBITDA of Rs. 56 crores, up by 18% and Net Profit of Rs. 38 cores, up by 20% on Q-o-Q basis
Rs. 328 Cr
9.2% Y-o-Y
Rs. 56 Cr
Margin 17.0%
Q4 FY23 Income
Q4 FY23 EBITDA
Rs. 38 Cr
Margin 11.7%
Q4 FY23 PAT
Rs. 2 /-
Dividend per Share
Key Highlights
▪
▪
Successfully closed the year with highest ever quarterly revenue of Rs. 326 crores and EBITDA Rs. 56 crores with double-digit Y-o-Y growth
Improved profitability and growth was primarily driven by higher capacity utilization of 85%, demand from both Corporate and SME customers
▪ Announced dividend of Rs. 2 per share in Q4 FY23, taking the full year dividend to Rs. 8 per share representing a payout of 22.1% for FY2023
www.tciexpress.in
3
Management Perspective
Commenting on the performance, Mr. Chander Agarwal, Managing Director, said:
“FY2023 has been a year of growth acceleration for TCI Express. Despite macroeconomic challenges and inflationary trends across the industry, we take pride in consistently outperforming the industry with double digit revenue growth and profit margins. This accomplishment can be attributed to our strong asset-light business model, efficient operations, and cost-effective measures, including the automation of sorting centers.
During Q4 FY23, TCI Express delivered a notable performance with the highest ever revenue of Rs. 326 crores registering a growth of 9.4% and 3.8% on Y-o-Y a sequential basis respectively. The growth was primarily driven by strong demand from MSME and Corporate segment as well as higher utilisation in newly developed sorting centre facilities. EBITDA for the quarter stood at Rs. 56 crores, registering a sequential growth of 17.8% with a strong margin of 17.0%. Our Profit After Tax stood at Rs. 38 crores with margin of 11.7%, up by 20% on q-o-q basis.
On a full-year basis, Revenue from Operations was Rs. 1,241 crores, a growth of 14.8%. EBITDA grew by 10.2% to Rs. 202 crores with strong margins at 16.2%. Profit After Tax grew by 8.1% to Rs. 139 crores with a margin of 11.2%. In the light of robust performance during the quarter, the Board of Directors has recommended a dividend of Rs. 2 per share, taking the full year dividend to Rs. 8 per share representing a payout of 400% of face value for FY2023. In addition, we also successfully completed buyback of 234,275 share amounting ~Rs. 42.5 crores announced in Q4 FY22. This is testament to our strong financial position and our commitment to rewarding our shareholders for their trust and support.
During FY2023, we incurred a capex of Rs. 125 crores, primarily for the purchase of land in Kolkata and Ahmedabad for the setting up new automated sorting centre, for new corporate office in Gurgaon and for network expansion by adding 35 new branches to penetrate deeper in the key growing markets in West and South region to cater the growing market demand. Among our newly launched services, the Rail Express offering is getting good traction from customers, and we have successfully expanded our customer base from 250 to 2,200 and presence from 10 routes to 125 routes since its inception. These new service offerings are expected to contribute positively to our top line in the forthcoming quarters, enabling us to achieve higher margin levels with sustainable growth.
Sustainability is a core value at TCI Express. We are happy to share that TCI Express's Giga Sorting Centre in Tajnagar and Pune Sorting Centre in Chakan has been awarded the prestigious GEM 5 Certification, demonstrating our commitment to promoting environmentally sustainable green building design and construction practices. With our ESG roadmap, we are taking bold action to tackle climate change by replacing the old vehicles with new standards, investing in automation and installation of solar panels on our sorting centres which will enable us to be self-sufficient in our energy requirements going forward.
TCI Express remains steadfast in its commitment to leveraging its strengths, seizing growth opportunities, and maintaining a customer-centric approach. Our strategic initiatives and robust fundamentals will continue to propel us towards sustained growth and enable us to deliver superior value to our customers.” www.tciexpress.in
4
Fastest Express Delivery Company in India
TCI Express has successfully completed 7 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 438 in top 500 companies based on market cap, as on March 31, 2023
Year of Listing
2016
Locations Serviced
60,000
Countries Serviced
202
Containerized Vehicles
5,500
Air Gateways
73
Company Branch Setup
950+
Workforce
3500+
Sorting Centres
28
www.tciexpress.in
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Why TCI Express?
Ranked 438 in Top 500 Companies based on Market Cap, as on March 31, 2023
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 with Unmatched Network and Efficiency
Company Branches
950+
500+
Pharma Cold Chain Express
E Commerce
Surface Express
Express Services
C2C Express
Rail Express
Domestic and International Air Express
www.tciexpress.in
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Financial Performance
Particulars (in Cr)
FY2023
FY2022 Growth (%)
FY2023
Growth (%)
FY2023
FY2022
Growth (%)
Q4
Y-o-Y
Q3
Q-o-Q
Y-o-Y
Income from Operations Other Income Total Income
EBITDA Margin (%)
EBIT Margin (%)
PBT Margin (%)
PAT Margin (%) EPS
326.2 1.7 327.9
55.8 17.0%
51.6 15.7%
50.9 15.5%
38.5 11.7% 10.0
298.2 2.1 300.3
52.3 17.4%
49.1 16.4%
48.8 16.3%
35.9 12.0% 9.2
9.4%
9.2%
6.7%
5.0%
4.2%
7.1%
9.0%
314.4 1.3 315.7
47.4 15.0%
43.1 13.6%
42.7 13.5%
32.0 10.1% 8.3
3.8%
3.9%
17.8%
19.8%
19.3%
20.1%
20.7%
1,241.0 7.2 1,248.2
1,081.5 8.2 1,089.7
201.7 16.2%
186.3 14.9%
184.5 14.8%
139.3 11.2% 36.2
182.9 16.8%
172.9 15.9%
172.0 15.8%
128.9 11.8% 33.5
14.8%
14.5%
10.2%
7.8%
7.3%
8.1%
8.2%
Notes: 1. 2.
EBITDA and EBIT includes other income All Margins calculated on Total Income
* All numbers in Crores unless specified
www.tciexpress.in
8
Q4 FY2023 Performance Discussion
• Total Income for the quarter stood at Rs. 328 Crores, registering an increase of 9.2% y-o-y. This growth was driven by strong recovery in economic activities and growing demand from both Corporate and MSME customers
• EBITDA margins remained stable:
o Despite inflationary environment, we were able to maintain stable margins due to higher capacity
utilization of 85% in Q4FY23
o Strong revenue contribution from newly launch services, specially from rail express
• Capex of Rs. 125 Crores incurred during FY2023 primarily spent towards land acquisition in Kolkata and
Ahmedabad for setting up new automated sorting center and for new corporate office in Gurgaon
• 35 new branches were added during FY2023 to penetrate deeper in the key growing markets in West and South
region to cater the growing demand with industry leading services
www.tciexpress.in
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Quarter Performance Trends
Improvements in financial performance and profitability by maintaining industry leading margin profile
Total Income
EBITDA and Margins
300
292
312
316
328
52
17.4%
45
15.3%
54
17.2%
47
15.0%
56
17.0%
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
PBT and Margins
PAT and Margins
49
16.3%
41
14.1%
50
16.0%
43
13.5%
51
15.5%
36
12.0%
31
10.6%
38
12.1%
32
10.1%
38
11.7%
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 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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Leverage Profile and Working Capital Cycle
Credit rating of A1+ Short Term (ICRA) and AA Long Term (CRISIL)
Improving efficiency in working capital management
Particulars (in Cr)
Mar-21
Mar-22
Mar-23
Receivables Days
Long Term Debt
Short Term Debt
Total Debt
Less: Cash & Cash Equivalents
Net Debt
Total Equity
Net Debt/Equity
1.0
0.9
2.0
0.2
0.8
1.0
0.0
0.7
0.7
85.9
105.0
48.5
(84.0)
433.9
(0.2)
(104.0)
536.2
(0.2)
(47.8)
596.5
(0.1)
48
49
51
50
61
FY2019
FY2020
FY2021
FY2022
FY2023
Payables Days
Net Working Capital Days
33
33
44
37
35
15
16
17
14
15
FY2019
FY2020
FY2021
FY2022
FY2023
FY2019
FY2020
FY2021
FY2022
FY2023
Note: Receivable Days has been calculated on Revenue from Operations inclusive of GST
www.tciexpress.in
11
Cash Flow from Operations vs Free Cash Flows
The consistent increase in Cash Flow from operations indicates effective management of operational expenses
74
11
78
53
81
49
119
64
128
48
147
22
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
Cash Flow from Operations
Free Cash Flows
•
The company has strong cash flow from operations in FY2023 of Rs. 147 crore
• During FY2023, the company incurred a capital expenditure of Rs. 125 crore for setting up new automated sorting center
with a primary focus on enhancing the automation
• Commitment to efficient working capital management, along with a robust, debt free capital structure and a strong cash
flow conversion cycle
* All numbers in Crores unless specified
www.tciexpress.in
12
Balance Sheet
Particulars (Rs Crores)
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
Current Tax Assets ( Net)
Other current assets
Total Current Assets
TOTAL ASSETS
FY2022
FY2023
Particulars (Rs Crores)
FY2022
FY2023
314.7
2.0
6.1
3.0
1.1 326.9
189.5
15.7
2.3
9.5
87.0
4.1
21.9
330.1
657.0
Equity and Liabilities EQUITY Equity Share Capital Other Equity Total Equity
LIABILITIES Non-Current liabilities Lease liabilities Long Term Borrowings Deferred Tax liabilities (Net) Total Non-Current Liabilities
Current liabilities Short Term Borrowings Lease liability Trade Payables MSME Others Financial liabilities Provisions Other Current liabilities Total Current Liabilities Total Liabilities Total Equity And Liabilities
343.9
27.2
61.1
3.0
0.4 435.6
211.5
13.8
2.9
9.9
32.1
4.9
24.2
299.3
734.9
7.7 528.5 536.2
0.1 0.2 7.9 8.2
0.8 0.0 72.7 1.0 16.1 5.5 16.4 112.6 120.8 657.0
7.7 588.7 596.4
3.8 0.0 10.5 14.3
0.7 2.5 86.9 1.5 9.0 5.1 18.4 124.2 138.6 734.9
www.tciexpress.in
13
Strategy and Outlook
TCI Express Offering
Capital Expenditure
❑ Launch and expand Rail service offerings
❑ Planned CapEx of Rs. 500 crores in 5 years (FY23-FY28)
❑ Added new services such as Pharma Cold Chain and C2C
❑ In FY2023 incurred capex of Rs. 125 Crores
express
❑ Continuous focus on volume growth through B2B client
acquisition
❑ Remaining capex of Rs. 375 crore will spent during FY24 - FY28
❑ Investment in sorting centers
❑ Automation and enhancing technological capabilities
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
14
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
More than Double the Revenue – Rs. 1,800 Crs+ • Increase customer base • Double branch offices • Owned sorting centre in
major metros
Create Wealth for all Stakeholders
Full focus on technological advancement and automation to further enhance operational efficiency
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
16
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 2,200 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
17
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 60,000 locations in FY 2023
Expanding Business
✓ Branch offices increased from 500 in FY 2017 to 950+ branches in FY 2023
✓ Sorting centers increased from 26 in FY 2017 to 28 in FY 2023
✓ Customers count increased from 1.6 Lakh in FY 2017 to 2.1 Lakh in FY 2023
Generating Returns for all Stakeholders
✓ 5 Year track record of consistently delivering enhanced margins and profitability. EBITDA growing at a
CAGR of 17% and net profit at a CAGR of 19%
✓ 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
20
Annual Performance Trend
Strong track record of consistently driving higher margins and profitability
Total Income from Operations CAGR +7%
EBITDA and Margins CAGR +17%
887
1,027
1,036
852
1,248
1,090
122
12%
126
12%
142
17%
93
10%
183
202
17%
16%
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
PBT and Margins CAGR +17%
PAT and Margins CAGR +19%
84 9%
112
11%
117
11%
132
16%
172
16%
185
15%
58 7%
73
7%
89
9%
101
12%
129
12%
139
11%
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
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
Increased cash conversion cycle has improved operational efficiency and financial health
Dividend per Share (Rs) & Payout (%)
Return on Capital Employed (%)
8.0
8.0
2.5
16%
3.0
16%
4.0
17%
4.0
15%
24%
22%
44%
40%
38%
34%
36%
33%
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
Return on Equity (%)
Cash Conversion Ratio (%)
32%
31%
29%
26%
27%
25%
80%
63%
65%
84%
70%
73%
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
www.tciexpress.in
22
TCI Express – Leading Margins and Profitability in the Industry
EBITDA Margins %
EBIT Margins %
16.2%
13.1%
11.9%
14.9%
9.9%
9.9%
5.5%
5.3%
1.9%
1.8%
TCI Express
Peer 1
Peer 2
Peer 4
Peer 5
nm
Peer 3
TCI Express
Peer 1
Peer 2
Peer 5
Peer 4
nm Peer 3
PAT Margins %
Key Highlights:
11.7%
8.4%
7.0%
0.5%
nm
TCI Express
Peer 2
Peer 1
Peer 4
Peer 5
nm
Peer 3
Notes: 1. 2.
All financials are based on FY2023 reported numbers EBITDA and EBIT including Other Income
▪ Market Leader in Supply Chain Management with industry-
leading Margins and Profitability Ratios
▪
▪
Leading market positions, unique asset light model has allowed TCI Express to maintain higher capacity utilization and deliver strong EBITDA margins even during challenging inflationary environment
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 52 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 FY2023 TCI Foundation’ and TCI Charities
has spent Rs. 2.80 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
4
6
3
2
1
5
Visit ESG Profile on our Website in Investor Relation Section or click here - https://bit.ly/2LmB6fd
1
2
3
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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5
6
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 and 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 438 in Top 500 Companies based on Market Cap, as on March 31, 2023
Credit Instruments rated by two leading Credit Rating Agencies CRICIL Rating: AA- ICRA Rating: A1+
Industry Recognition
2022 Burgundy Private Hurun India 500
Marksmen Daily Most Trusted Brands of India 2023
Business Superbrand of 2022-23
and
GEM
Logistics
ASSOCHAM Sustainable Hub Warehouse Certification evaluates development's sustainability from design through construction to operation. The highest rating level in this program that may be attained is GEM 5
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 Mother aim of Earth, with the promoting environmentally sustainable green building design and construction
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Awards and 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)
The Economic Times Most Promising Business Leader of Asia 2022-23
Launch of "Express Delivery Services” Supporting the Journey towards India@2047
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Share Price Information, as on 25th May 2023
CAGR Return: TCI Express +26.1% S&P BSE Sensex +14.1%
Capital Market Information
Key Facts 25th May 2023
BSE / NSE Ticker
540212/ TCIEXP
CMP (Rs.)
Shares O/S (Cr)
1,554
3.83
Market Cap (Rs. Cr)
5,954
52 Week H/L (Rs.)
2,010 / 1,384
3,100
2,600
2,100
1,600
1,100
600
100
Dec-16
Jul-17
Feb-18
Sep-18
Apr-19
Nov-19
Jun-20
Jan-21
Aug-21
Mar-22
Oct-22
May-23
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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
Bhushan Khandelwal / Anvita Raghuram 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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