TCI Express Limited has informed the Exchange about Investor Presentation
Date: October 17, 2023
To, To, The Listing Department, The Listing Department, BSE Ltd., The National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, “Exchange Plaza”, Dalal Street Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 Scrip Code: 540212 Scrip Symbol: TCIEXP
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/HY1 2023-2024.
This Presentation is also available on the website of the Company at https://www.tciexpress.in/investor- analyst-corner.aspx?invid=15&key=9bf31c7ff062936a96d3c8bd1f8f2ff3
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: 2023.10.17 16:49:48 +05'30' Q2 and H1 FY2024 Earnings Presentation
Q2 FY2024 Highlights
Another quarter of sustained performance with Revenue of Rs. 322 Cr, up by 5.0% Q-o-Q and 3.1% on Y-o-Y basis
EBITDA of Rs. 52 Cr. and Net Profit of Rs. 36 Cr, with improved margins to 16.2% and 11.1% respectively, on sequential basis
Total Income
Rs. 322 Cr
5.0% Q-o-Q
EBITDA
Rs. 52 Cr 16.2% Margin
Profit After Tax
Rs. 36 Cr 11.1% Margin
Dividend Per Share
Rs. 3
Key Highlights
▪
▪
Improved sequential margins and growth was primarily driven by the MSME customers, indicating a strong and growing market presence in that segment
In line with the economic recovery and strong demand from the festive season, TCI Express delivered a strong EBITDA of Rs. 52 crores with margins improving to 16.2% as compared to 15.6% in Q1 FY24
▪ The capacity utilisation during the quarter was at ~84%
▪ Enhanced operational efficiency and customer satisfaction by implementing innovative tech-driven advancement
www.tciexpress.in
2
Management Perspective
Commenting on the performance, Mr. Chander Agarwal, Managing Director, said:
“Despite the delay in festive season, we are delighted to announce that TCI Express delivered another quarter of consistent performance with Improved sequential margins. The growth and margin improvements during the period were primarily driven by the execution and acceleration of automation and steady demand from the MSME sector which has witnessed a strong uptick in the last few quarters.
In line with our reflection of performance and shareholder friendly capital allocation policy, the Board of Directors has recommended an interim dividend of Rs. 3 per share with a pay-out of 150% on the face value, reaffirming our commitment to delivering value to our shareholders.
Coming to the business update, I am pleased to announce the appointment of Mr. Hemant Srivastava as Chief Operating Officer of Express Businesses (Non-Surface) of TCI Express. With a distinguished career spanning two decades at the TCI Group, he has undertaken diverse and impactful roles in finance and management, including positions as Zonal Manager and Regional Express Manager. Under his capable and experienced leadership, Mr. Srivastava will head an independent team, responsible for overseeing Express Businesses (Non-Surface) including newly launched business verticals, ushering into a new era of innovation and excellence within TCI Express.
As far as our future focus is concerned, we will continue to invest in technology and automation to drive a more efficient operation and provide superior customer service. We are on track to complete the automation of our Pune sorting centre by March 2024. During the first half of the year, we incurred a total capex of Rs. 21 crores which has been primarily spent towards expansion of branch networks, automation, and construction of the sorting centre, which are integral to our goal of improving operational efficiency and customer service. Additionally, we have expanded our footprint by adding 12 new branches during H1 FY2024, deepening our presence in key business geographies. This expansion not only enhances our market reach but also improves our accessibility to customers, making us more agile and responsive to their needs.
Our newly launched services are going 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. From a balance sheet perspective, we continue to maintain a strong capital structure providing us the financial flexibility to focus on balanced capital allocation.
The Indian economy has displayed remarkable resilience in the first half of the FY2024, defying global economic challenges and demonstrating its potential for sustained growth. Looking ahead, we are optimistic about the industry's potential.
At TCI Express, we believe that sustainability is essential to our long-term success. In recognition of our steadfast commitment to sustainability, we are happy to share that TCI Express has received the esteemed title of Sustainable Organization from the Economics Times for adopting sustainable practices and promoting environmental consciousness.
Our growth strategy remains focused on achieving balanced growth and revenue quality, expanding our margins, and ensuring sustainable returns on capital. With our unmatched combination of scale, expertise, and technology, we are well position to capitalize the growth opportunities presented by a vibrant Indian economy and the evolving logistics landscape”
www.tciexpress.in
3
Fastest Express Delivery Company in India
200+ Countries
60,000+ Location Served
2016 Year of Listing
3,500+ Work Force
5,500+ Containerized Vehicles
73 Air Gateways
950+ Branch Setup
28 Sorting Centres
1
2
3
4
5
6
Successfully completed 7 years post the demerger and has become industry leading and fastest delivery company in India
The only express cargo company in India with own set up across nation. Offers services on Sunday, Holiday and late pickup
ERP enabled operations, barcoding on packaging, GPS enabled vehicles and CCTV surveillance all India
Serves 97% of B2B customers and 3% of B2C customers
Ranked 438 in top 500 companies based on market cap, as on March 31, 2023
Specialized in offering time-definite solutions with focus on Tier II and III cities
www.tciexpress.in
4
Why TCI Express?
Ranked 438 in Top 500 Companies based on Market Cap, as on March 31, 2023
1
Asset Light Business Model
2
High Value Cargo (Low volume, high margins)
6
7
3
Low Working Capital Requirement
8
9
4
5
Lowest Cost Structure
Expansion of Services
No Franchise: All owned Branches
API based backend technology
Containerized Movement
Superior Customer Support Services
10
Focus on Automation
www.tciexpress.in
5
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
6
Financial Performance
Particulars (in Cr)
FY2024
FY2023 Growth (%)
FY2024
Growth (%)
FY2024
FY2023
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
320.0 1.8 321.8
52.2 16.2%
47.5 14.8%
47.1 14.7%
35.6 11.1% 9.3
309.9 2.3 312.2
53.7 17.2%
50.3 16.1%
49.9 16.0%
37.8 12.1% 9.8
3.3%
3.1%
(2.8)%
(5.5)%
(5.5)%
(5.8)%
(5.6)%
304.9 1.5 306.4
47.9 15.6%
43.3 14.1%
42.9 14.0%
32.3 10.6% 8.4
5.0%
5.0%
9.1%
9.8%
10.0%
10.0%
10.2%
624.9 3.3 628.1
100.1 15.9%
90.8 14.4%
90.0 14.3%
67.9 10.8% 17.6
600.3 4.2 604.5
98.5 16.3%
91.6 15.2%
91.0 15.1%
68.8 11.4% 17.9
4.1%
3.9%
1.6%
(1.0)%
(1.1)%
(1.3)%
(1.4)%
Notes: 1. 2.
EBITDA and EBIT includes other income All Margins calculated on Total Income
* All numbers in Crores unless specified
www.tciexpress.in
7
Q2 FY2024 Performance Discussion
• Total Income for the quarter stood at Rs. 322 Crores, registering an increase of 5.0% Q-o-Q. This growth was
driven by recovery in economic activities and growing demand from MSME customers
• EBITDA margins improved over the sequential basis due to:
o The contribution to revenue from newly launched services, particularly from rail express, has been steadily
increasing
o Efficient capacity utilization level
• Capex of Rs. 21 Crores incurred during H1 FY2024 primarily spent towards expansion of branch network,
Automation and construction of new sorting centres
• 12 new branches were added during H1 FY2024 to deepen the presence in key business geographies to
enhancing market reach and customer accessibility
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-22
Mar-23
Sep-23
0.0
0.5
0.5
0.0
0.7
0.7
0.0
0.1
0.1
83.5
48.5
59.2
(82.9)
586.6
(0.14)x
(47.8)
596.5
(59.0)
659.9
(0.08)x
(0.09x)
Payables Days
46
35
31
35
Q2 FY21
Q2 FY22
Q2 FY23
Q2 FY24
Receivables Days
Net Working Capital Days
48
49
54
58
13
2
24
23
Q2 FY21
Q2 FY22
Q2 FY23
Q2 FY24
Q2 FY21
Q2 FY22
Q2 FY23
Q2 FY24
Note: Receivable Days has been calculated on Revenue from Operations inclusive of GST for the respective quarters
www.tciexpress.in
9
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
FY2023
H1 FY2024
Particulars (Rs Crores)
FY2023
H1 FY2024
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
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
342.8
31.0
70.3
3.0
2.6
449.5
240.7
11.9
3.1
18.3
44.2
2.4
25.3
345.9
795.4
7.7 588.7 596.4
3.8 0.0 10.5 14.3
0.7 2.5
1.5 86.9 9.0 18.4 124.2 138.6 734.9
7.7 652.3 659.9
6.8 0.0 11.8 18.6
0.1 3.6
1.7 82.2 8.4 12.9 116.8 135.4 795.4
www.tciexpress.in
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Quarter Performance Trends
Resilient financial performance and profitability by maintaining industry leading margin profile
Total Income
EBITDA and Margins
312
316
328
306
322
54
17.2%
47
15.0%
56
52
48
17.0%
15.6%
16.2%
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
PBT and Margins
PAT and Margins
50
43
51
43
47
16.0%
13.5%
15.5%
14.0%
14.7%
38
12.1%
32
10.1%
38
32
36
11.7%
10.6%
11.1%
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
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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Strategy and Outlook
Revenue Growth Drivers
1
2
3
4
5
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
Capital Expenditure
✓ Planned CapEx of Rs. 500 crores in 5 years (FY23-
FY28)
✓ In FY2023 incurred capex of Rs. 125 Crores
✓ The remaining capex of Rs. 375 crore will be
spent during FY24 - FY28
✓ Investment in sorting centers
✓ Automation and enhancing technological
capabilities
Contribution of new and value-added service offerings to drive growth
Automation at owned sorting centers to drive operational efficiency and enhance profitability
Government Initiatives to strengthen the logistics sector and focus on infrastructure to provide seamless connectivity to remote rural areas
TCI Express Offering
✓ 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
www.tciexpress.in
12
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
Create Wealth for all Stakeholders
Full focus on technological advancement and automation to further enhance operational efficiency
www.tciexpress.in
13
Growth in Revenue – Rs. 1,750 Crs+ • • Double branch offices • Owned sorting centre in
Increase customer base
major metros
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
GIGA Sorting Centre, Gurgaon
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
14
Expanding Service Offering: Rail Express
❑ Asset Light Business Model
✓ TCI Express to buy space on the trains to ensure higher
capacity utilization
✓ Independent team to manage this business offering
❑ 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
3,000 Customer Base
125 Route Presence
Centralized and integrated express logistics system
`
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
15
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 express logistics
Standard Operating Procedures followed by TCI Express
TCI Express Pharma Cold Chain Transportation
Precooling vehicle
at -18 C
Additional data logger at door for additional check
Measure temperature at loading and unloading
Reduce loading and unloading time
Regular Pull Down and Holding test
Check for
Air leakages
Pharma Cold Chain Express
Live monitoring of temperature through proper systems
➢ TCI Express continues to implement the asset-light model
in the Pharma Cold Chain express logistics segment
➢ Dispatching Pharma shipments either Frozen (Blood Plasma) or Vaccines under the prescribed temperature as norms ensuring there are no in the temperature
fluctuations
➢ Dispatching frozen products as per FSSAI norms ensuring
there are no fluctuations in the temperature
➢ Monitoring of temperature maintained through Data
Loggers and real-time monitoring through 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 fluctuations
www.tciexpress.in
16
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 6 Year Key Takeaways
✓ Fastest B2B Express Delivery Company in India
Inherent Business Strength
✓ Asset light model allows the Company to maintain higher utilization and drive strong cash flows
✓ No franchise model. All branches are company owned which ensures the 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 2.25 Lakh in FY 2023
Generating Returns for Stakeholders
✓ Post demerger: 7 year track record of consistently delivering enhanced margins and profitability. EBITDA growing
at a CAGR of 21% and net profit is at a CAGR of 24%
✓ Consistently paying dividends for the last 7 years and generating a high return on capital employed
✓ Debt-free company, maintaining a strong balance sheet and flexible capital structure
www.tciexpress.in
18
H1 FY2024 Highlights
Focused on balanced growth and revenue quality, expanding our margins, and sustainable returns on capital
Announced interim dividend of Rs. 3 per share, and payout of 150% on the face value for H1 FY2024
Total Income
Rs. 628 crore H1 FY2023: Rs. 605 crore
3.9% Y-o-Y
EBITDA | Margins%
Rs. 100 crore | 15.9% H1 FY2023: Rs. 98 crore | 16.3%
1.6% Y-o-Y
Net Profit | Margins%
Rs. 68 crore | 10.8% H1 FY2023: Rs. 69 crore | 11.4%
(1.3)% Y-o-Y
29% H1 FY2024 ROCE
22%
H1 FY2024 ROE
Rs. 39 Crores Cash Flow from Operations
www.tciexpress.in
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Financial Performance Trend
Long track record of consistently driving stable margins and profitable growth
Total Income from Operations
EBITDA and Margins
605
628
500
305
98
100
81
38 12.3%
16.3%
16.3%
15.9%
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
PBT and Margins
76
91
90
PAT and Margins
58
69
68
33
10.8%
15.3%
15.1%
14.3%
24
8.0%
11.6%
11.4%
10.8%
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
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
Strong track record of balanced growth to create long term wealth for all stakeholders
Dividend per Share (Rs) & Payout (%)
Return on Capital Employed (%)
2
31%
3
3
3
20%
17%
17%
33%
33%
29%
19%
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
Return on Equity (%)
Cash Conversion Ratio (%)
188%
25%
25%
22%
14%
61%
47%
38%
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
H1 FY2021
H1 FY2022
H1 FY2023
H1 FY2024
www.tciexpress.in
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Cash Flow from Operations vs Free Cash Flows
Unmatched combination of scale, expertise and technology resulting sustainable cash flow from operations
119
128
147
78
53
81
49
64
48
22
39
17
FY2019
FY2020
FY2021
FY2022
FY2023
H1 FY2024
Cash Flow from Operations
Free Cash Flows
• Cash flow from operations of Rs. 39 crore for H1 FY2024
• During H1 FY2024, the company incurred a capital expenditure of Rs. 21 crore for automation and construction
sorting center
•
Efficient working capital management, along with debt free capital structure and a strong cash flow conversion cycle
* All numbers in Crores unless specified
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 $3.38 Tn
Total Logistics Spend $448 Bn
Road Transportation $210 Bn
Un-Organised Segment 90%
TCI Express Carries $20 Bn
TCI Express Market Share 7%
Notes: Source : 1. 2.
Trading Economics IBEF.org
66% Road
31% Rail
3% Water
1% Air
Indian Logistics Market Split
Logistics as % of GDP
15%
$17,963 Bn
14%
$3,385 Bn
8%
$25,463 Bn
www.tciexpress.in
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Indian Logistics Industry
Growth Drivers for the Indian Logistics Industry
The National Logistics Policy (NLP) assists states and union territories (UTs) in creating their Comprehensive Logistics Action Plan (CLAP), which emphasizes integrated digital logistics systems, standardized physical assets, and improved warehousing services. This policy aims to boost logistics efficiency, enhance trade, and facilitate sector-specific plans for effective logistics.
The PM GatiShakti National Master Plan initiative seeks to enhance multimodal logistics infrastructure by partnering with states and UTs. It provides a unified decision-making platform and extends special assistance to states with a 50-year interest-free loan of ₹1 lakh crore for capital investments. The plan aims to fortify logistics infrastructure and streamline the movement of goods across various transportation modes.
The Unified Logistics Interface Platform (ULIP) and e-Logs are vital components of the NLP, with ULIP serving as an integrated platform to boost efficiency and technology utilization in India's logistics infrastructure, while e-Logs act as a dashboard for seamless access to logistics services, simplifying registration, coordination, and monitoring of logistics stakeholders' issues. These initiatives aim to streamline logistics operations and enhance overall service quality.
India's logistics industry has moved up 6 places to reach the 38th rank out of 139 countries in the World Bank's Logistics Performance Index. Showcasing advancements in logistics services
➢ Multiple infrastructure projects worth Rs.108 lakh crore under the National Infrastructure Pipeline (NIP) aim to propel growth in the logistics industry
➢ The government proposes
infrastructure development with a 33% increase in capital expenditure, amounting to Rs 10 lakh crore for the fiscal year 2023-24
➢ The construction of 66,100 km of highways and 3,300 km of dedicated Freight Corridors will optimise freight movement across the country
the efficiency of
➢ The logistics industry employs 22 million it a major source of
people, making employment and livelihood for millions
www.tciexpress.in
25
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
26
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. Hemant Srivastava, Chief Operating Officer Express Businesses ( Non-Surface )
Mr. Hemant Srivastava currently holds the position of Chief Operating Officer of Express Business (Non-Surface) at TCI Express. He is managing Air, Air International, Rail, Cold Chain, C2C newly launched Businesses verticals at TCI Express. With a distinguished career spanning two decades at the TCI Group, he has undertaken diverse and impactful roles in finance and management, including positions as Zonal Manager and Regional Express Manager. His prior experience before joining TCI includes significant contributions to the domains of industrial gases manufacturing and government projects, specifically in the areas of Accounts and Audit
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
Educational Aid and Empowerment
Environment
Water Conservation Implemented rainwater harvesting and various water-saving initiatives, including aerator taps, sensor-based taps, RO water reutilization, rain harvesting, water reuse, and STP for wastewater treatment and reuse
Renewable Energy Generation Installed solar panels at Gurgaon and Pune sorting centers, generating a total of 804,311 kWh of renewable electricity in FY2023, reducing GHG emissions
Emission Reduction Replaced approximately 30% heavy capacity trucks with ones compliant with BS-VI standards, reducing harmful emissions
Implemented diverse social initiatives, including educational aid for 1,500+ children, underprivileged youth, sports training for 1,000+ individuals, and empowerment through "Saksham" project for 5,000+ individuals
Safety, Environment, and Health
Implemented accident prevention measures, abided by labor laws for fair wages, maintained zero- tolerance for discrimination, and ensured robust data protection
Governance
CSR Impact
Demonstrated strong financial capability through CSR initiatives, contributing ₹2.80 Crores in various projects during FY2023
Social
Board Composition and Diversity 4 out of 8 directors on the board are independent, and there is a balanced professional Board with the right mix of Executive, Non-Executive, and Independent Directors, bringing rich experience and expertise from diverse backgrounds relevant to the business
ESG Training and Commitment Conducted ESG specific trainings for Directors, KMP, Employees, and stakeholders, apprising them of the company's commitment towards meeting ESG performance through BRSR
Risk Management, Ethics, and Data Protection
Implementing regular risk assessment and maintaining a zero-tolerance policy against unethical conduct. Ensuring robust data protection with VPN software and cyber security audit to safeguard customer information and privacy
TCI Express ESG Profile Link: https://bit.ly/2LmB6fd
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ESG Profile – Consolidating all ESG Disclosures
4
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3
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1
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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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2
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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 and Recognition
Awards
Most Trusted Brand of India 2023
Awarded the prestigious title of the "Most Trusted Brand of India 2023"
by Team Marksmen. This recognition reflects company’s commitment to
providing reliable and secure pickup and delivery solutions to its
customers across the country.
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Awards and Recognition
Sustainable Awards
Greatest Sustainable Brand and Leader 2023
In recognition our steadfast commitment to sustainability, TCI EXPRESS has proudly received the esteemed title of Sustainable Organization 2023 from the Economics Times
This prestigious accolade acknowledges our dedication to adopting sustainable practices and leadership in promoting environmental consciousness
LEED Gold Certification 2023
Awarded the prestigious LEED Gold certification by the
USGBC to our 'GIGA,' Sorting Centre, Tajnagar,
Gurugram. This testament our commitment towards
sustainability, making us the first B2B express logistics
company in India and Asia
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Awards and Recognition
Asiaone Youth Icon of the Year 2022-2023
Iconic Brands of India 2023
Awards
Recognized as one of the ‘Iconic Brands of India 2023’ for its commitment to
values, legacy, and sustainability. It signifies TCI Express as a symbol of excellence in
the Indian express delivery industry, shaping the nation's growth and realizing the
aspirations of countless Indians
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Awards and Recognition
Corporate Governance
SORTING CENTER AWARDS
Ranked 438 in Top 500 Companies based on Market Cap, as on March 31, 2023
Credit Instruments rated by two leading Credit Rating Agencies CRISIL 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
The Economic Times Iconic Brands of India
Sustainability India’s Complementing Movement TCI Express Ltd. GIGA Sorting Centre in Tajnagar has received the GEM 5 Certification
Hub
Certification
ASSOCHAM GEM Sustainable Warehouse and Logistics evaluates from design sustainability development's 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 Earth, with promoting environmentally sustainable green building design and construction
aim
the
of
Sustainable Organisations 2023
Building a high trust & Performance culture
International Air Transport Association
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Share Price Information, as on 29th Sept 2023
CAGR Return: TCI Express +24.4% S&P BSE Sensex +15.0%
Capital Market Information
Key Facts 29th September2023
BSE / NSE Ticker
540212/ TCIEXP
CMP (Rs.)
Shares O/S (Cr)
1,448
3.83
Market Cap (Rs. Cr)
5,548
52 Week H/L (Rs.)
1,980/1,364
3,000
2,500
2,000
1,500
1,000
500
0 Dec-16
Sep-17
Jun-18
Mar-19
Dec-19
Sep-20
Jun-21
Mar-22
Dec-22
Sep-23
Note:
Source: Factset CAGR calculated from 15 Dec 2016
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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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