Tvs Supply Chain Solutions Limited has informed the Exchange about Investor Presentation
BSE Limited 1st Floor, New Trading Ring, Rotunda Bldg., P. J. Towers, Dalal Street, Fort, Mumbai 400 001 Scrip Code: 543965
August 09, 2025
National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East),Mumbai 400 051 NSE Symbol: TVSSCS
Sub: Investor presentation of Earnings call with analysts/ investors
In compliance with Regulation 30 read with Para A of Part A of Schedule III and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our announcement dated August 04 ,2025 on earnings conference to be held on August 11, 2025, we enclose herewith a copy of the investor presentation.
intimation
The is https://www.tvsscs.com/investor-relations/.
simultaneously
uploaded
in
the
Company’s website
at
Kindly take the above information on record.
Thanking You,
Yours faithfully,
For TVS Supply Chain Solutions Limited
P D Krishna Prasad
Company Secretary
Encl: As above
`
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L
TVS Supply Chain Solutions
Q1 FY26 Earnings Presentation
August 2025
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Safe harbour & disclaimer
This presentation (“Presentation”) is prepared by TVS Supply Chain Solutions Limited (“Company”) and is for information purposes only without regards to specific objectives, financial situations or needs of any -particular person and is not and nothing in it shall be construed as an invitation, offer, solicitation, recommendation or advertisement in respect of the purchase or sale of any securities of the Company or any affiliates in any jurisdiction or as an inducement to enter into investment activity and no part of it shall form the basis of or be relied upon in connection with any contract or commitment or investment decision whatsoever. This Presentation does not take into account, nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Before acting on any information you should consider the appropriateness of the information having regard to these matters, and in particular, you should seek independent financial advice. This Presentation and its contents are confidential and proprietary to the Company and/or its affiliates and no part of it or its subject matter be used, reproduced, copied, distributed, shared, retransmitted, summarised or disseminated, directly or indirectly, to any other person or published in whole or in part for any purpose, in any manner whatsoever.
The information contained in this Presentation is a general background information of the Company and there is no representation that all information relating to the context has been taken care of in the Presentation. We do not assume responsibility to publicly amend, modify or revise any information contained in this Presentation on the basis of any subsequent development, information or events, or otherwise. This Presentation includes certain statements that are, or may be deemed to be, “forward-looking statements” and relate to the Company and its financial position, business strategy, events and courses of action.
Forward-looking statements and financial projections are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements and financial projections. Representative examples of factors that could affect the accuracy of forward looking statements include (without limitation) the condition of and changes in India’s political and economic status, government policies, applicable laws, international and domestic events having a bearing on Company’s business, and such other factors beyond our control.
Forward-looking statements and financial projections include, among other things, statements about: our expectations regarding our transaction volumes, expenses, sales and operations; our future merchant and consumer concentration; our anticipated cash needs, our estimates regarding our capital requirements, our need for additional financing; our ability to anticipate the future needs of our merchants and consumers; our plans for future products and enhancements of existing products; our future growth strategy and growth rate; our future intellectual property; and our anticipated trends and challenges in the markets in which we operate. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy, future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and no representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts in the Presentation, if any, are correct or that any objectives specified herein will be achieved.
We, or any of our affiliates, shareholders, directors, employees, or advisors, as such, make no representations or warranties, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein and accept no liability whatsoever for any loss, howsoever, arising from any use or reliance on this Presentation or its contents or otherwise arising in connection therewith. The information contained herein is subject to change without any obligation to notify any person of such revisions or change and past performance is not indicative of future results.
This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. No rights or obligations of any nature are created or shall be deemed to be created by the contents of this Presentation.
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From the desk of MD
Transforming for the Future: Integrated structure, Realigned Segments, and Strong Value Outcomes
“We have entered FY26 with clear strategic priorities aimed at enhancing performance and driving long-term value creation. At the core of these priorities is our continued focus on customer-centricity, aligning how we operate with how our customers consume our solutions.
Ravi Viswanathan Managing Director
As a consequence, we have integrated our IFM and ISCS businesses in the UK & Europe under a single leadership structure, enabling tighter collaboration and a more unified approach to service delivery. This organizational shift also triggered a realignment in the way we operate and report our segments ensuring that our internal structure mirrors how customers experience our offerings. Towards this, we have launched Project One, a transformation journey designed to unlock long-term value by driving integration across all aspects of our business in the UK and Europe.
We continue to take decisive actions across other regions to improve operational agility consistent with our commitment to building a leaner, more focused organization.
As an asset-light enterprise, we made a strategic investment in TVS ILP to build a scalable platform focused on acquiring and developing logistics infrastructure at strategic locations. That vision is now delivering results with 11 million sq. ft. of platform transferred into an InvIT backed by marquee investors, unlocking substantial value in Q1 FY 26
Our ISCS business remain resilient with IFM on a strong performance path. We are continuing to see sustained momentum in our pipeline and key client additions.
While GFS business continues to face macroeconomic pressures with uncertainty in tariffs, we remain confident that our group-wide initiatives will keep us on track toward our long-term objectives.”
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From the desk of CFO
Commenting on the financial performance of the company, R Vaidhyanathan, Global CFO said -
“We have commenced FY26 on a steady footing, with continued improvement in profit delivery and focused execution of our transformation agenda. Our margin improvement reflects operational discipline across key businesses.
Our strategic cost take-out initiatives are tracking well across regions.
R Vaidhyanathan Global CFO
Our Restructuring Program - Project One in the UK and Europe Region is set to improve the operating leverage and long- term margin trajectory by redefining our cost baseline.
In Q1 FY 26, we have made one-time cost provision, covering restructuring costs related to management restructuring, right sizing including warehouse consolidation and right shoring initiatives and costs relating to brand realignment as part of our structural transformation program as per applicable standards. These are exceptional and non-recurring in nature, aligned to our broader cost reset strategy. This will bring significant and sustainable savings.
We realized strong value from our early investment in TVSILP, with assets transferred through the InVIT platform backed by marquee investors, a strong validation of our strategic investment approach. Our share of profit from TVSILP is ₹ 177 Crs for Q1 FY 26 backed by the significant gain from InvIT
We remain committed to disciplined execution, in delivering progressive improvements in margin profile and bottom-line performance through the course of FY26 & beyond.”
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Transformation initiatives
Q1 FY26
C O N F I D E N T I A L
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Unified organizational model driving customer-centric outcomes…
Previous Reporting
Going Forward (Q1FY26)
Integrated Supply
Chain
Solutions (ISCS)
ISCS India
ISCS Europe
ISCS NA
IFM
Network Solutions (NS)
GFS
GFS- WH#
GFS-FF*
# WH - Few warehousing contracts in Singapore & Thailand * FF – Freight Forwarding
1
2
The strategic drivers
✓ Reflects how customers consume our solutions: The new organizational
structure brings together ISCS and IFM
under one unified model, enabling bundled, end-to-end services tailored
to client needs.
✓ Enables scale benefits and strategic focus: structure supports margin expansion, reduces
integrated
The
Integrated Supply Chain Solutions
(ISCS)
duplication, and sharpens execution
across our integrated supply chain
solutions.
Global Forwarding
✓ GFS reflects our freight forwarding
Solutions
(GFS)
business.
6
…resulting in change in segment reporting – Effective FY 26 Two changes
in INR Cr
We are implementing two key changes in our segment structure to better reflect business realities and drive strategic clarity :
1.
Integration of IFM into ISCS (UK & Europe) reflecting structural transformation
✓ IFM business has been fully integrated into Integrated Supply Chain Solutions (ISCS) in the UK & Europe region
2. Reclassification of Warehousing contract services from GFS to ISCS
✓ Few warehousing contracts in Singapore and Thailand, previously part of freight forwarding business, have been
reclassified to ISCS
✓ GFS will operate as a pure freight forwarding business, improving segment focus and clearer segment visibility for
investors
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Strategic realignment in UK & Europe – Project One Transformation effective Q1 FY 26
Project One (UK & Europe) : Single Leadership, Unified Structure, Unified Business model; Leading to integration of ISCS and IFM in UK & Europe region
Strategic impact
✓ Unlocking long-term value through structural efficiency
✓ Faster decision-making and execution agility
✓ Margin expansion driven by efficiency gains and operating leverage
✓ Synergy in Business Development to drive cross-sell and deeper customer engagement
Financial Impact recognized in Q1 FY 26
✓ One-time restructuring cost of ₹ 53.3 Crs (including costs estimated to be incurred through FY 26)
✓ Right sizing and right-shoring expenses
✓ Closure/consolidation of select warehouses
✓ One time impairment (non-cash) relating to legacy brands associated with brand realignment - ₹ 38 Crs
✓ This is expected to bring in annualized savings of approx. ₹ 110 to ₹ 120 Crs and in-year FY 26 savings of approx. ₹ 50 to ₹ 60 Crs
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TVS ILP InvIT listing
Strong Value Realization through InvIT
C O N F I D E N T I A L
9
in INR Cr
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TVSILP InvIT Delivers Strong Value Realization
Strategic investment
• Our early-stage, strategic investment in TVS ILP was aimed at creating a scalable industrial and logistics platform focused on acquiring
and developing infrastructures at key locations
• Our current shareholding is 25% in TVSILP
• TVSILP has built and transferred approximately 11 million sq. ft platform under various wholly owned SPVs into the InvIT backed by a
group of marquee international and domestic investors
Significant value realisation for TVS SCS
• TVSILP has realized significant capital gains through transferring the assets to the InvIT
• As a JV partner, TVS SCS has recorded its share of the gain in its consolidated financials for Q1 FY26, aligned with applicable accounting
standards; ₹ 177 Crs is the share of profit from TVS ILP for Q1 FY 26
Going forward
• TVS ILP continues to manage both the InvIT portfolio and the remaining assets;
•
Future phases of asset development and transfer to InvIT will drive recurring value creation for TVS ILP and, in turn for TVS SCS and our shareholders
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C O N F I D E N T I A L
Restated segment numbers
FY 25
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in INR Cr
Restated FY25 numbers aligning with new segment structure
Revenue
Q1
Q2
As is
Q3
Q4
FY25
Revenue
Restated
Q1
Q2
Q3
Q4
FY25
Revenue by segment
ISCS
NS
1,425.9
1,348.5
1,301.2
1,421.0
5,496.5
1,113.5
1,164.4
1,143.5
1,077.9
4,499.2
ISCS
GFS
1,905.6
1,838.5
1,827.4
1,943.4
7,514.9
633.8
674.4
617.2
555.4
2,480.8
Consol
2,539.4
2,512.9
2,444.6
2,498.8
9,995.7
Consol
2,539.4
2,512.9
2,444.6
2,498.8
9,995.7
Adj. EBITDA*
Q1
Q2
As is
Q3
Q4
FY25
Q1
Q2
Q3
Q4
FY25
Adj. EBITDA*
Restated
Adjusted EBITDA by segment
ISCS
138.3
149.1
114.1
122.0
523.5
ISCS
169.5
150.0
148.2
164.7
632.5
Adj EBITDA %
NS
Adj EBITDA %
9.7%
50.6
4.5%
11.1%
27.4
2.4%
8.8%
44.0
3.8%
8.6%
54.5
5.1%
9.5%
176.5
3.9%
Adj EBITDA %
GFS
Adj EBITDA %
8.9%
21.0
3.3%
8.2%
28.2
4.2%
8.1%
11.5
1.9%
8.5%
8.7
1.6%
8.4%
69.4
2.8%
Consol
185.3
176.7
151.9
161.4
675.3
Consol
185.3
176.7
151.9
161.4
675.3
Adj EBITDA %
7.3%
7.0%
6.2%
6.5%
6.8%
Adj EBITDA %
7.3%
7.0%
6.2%
6.5%
6.8%
*Adjusted for ESOPS, Forex Gain/Loss and redundancy costs incurred in respective quarters
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C O N F I D E N T I A L
Q1 FY26
Financial Performance
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Financial Snapshot
Revenue
+2.1%
2,539
2,592
Adj. EBITDA
Adj. PBT before exceptional items
-6.5%
185
173
+29.3%
19
196
15
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Q1FY25
Q1FY26*
Q1FY26#
New Business Win – Q1FY26 INR 124 Crs
Robust BD Pipeline
INR 5,300 Crs
✓ EBITDA :
✓ Adjusted for ESOPS & forex gain/loss, redundancy costs
✓ PBT :
* PBT before share of profits from TVSILP, adjusted for redundancy costs
# Adj PBT of Rs. 196 Cr includes share of profits from associate (TVS ILP) of Rs. 177.2 Cr
in INR Cr
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Revenue, Adj EBITDA and Profitability
in INR Cr
e u n e v e R
& A D T I B E . j
d A
n i g r a M
T B P & T B P
. j
d A
n i g r a M
Margins
2,539
2,513
2,445
2,499
2,592
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q1FY26
7.3%
7.0%
185
177
6.2%
-6.5%
152
6.5%
6. 7%
✓ EBITDA Adjusted for ESOPS & forex gain/loss, one time redundancy costs from Q1FY25 to Q1FY26
161
173
✓ PBT before Exceptional Items &
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q1FY26
0.5%
0.7%
-ve
0.7%
15 1 14
18 1 18
18 1 17
3 -16
-14
0.7%
196 177
19
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q1FY26
Adjusted for one time redundancy costs
✓ PBT margin computed based on
business PBT
Share of Profit from TVS ILP
Business PBT
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Segment wise Revenue and Adj EBITDA
in ₹ Cr
ACCENTS
ISCS Segment (In ₹ Cr.)
GFS Segment (In ₹ Cr.)
TVSSCS Consolidated (In ₹ Cr.)
+4.1%
1,906
1,983
-3.8%
634
609
+2.1%
2,539
2,592
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Q1FY25
Q1FY26
8.9%
170
-3.2%
8.3%
164
3.3%
21
-39.0%
2.1%
13
7.3%
185
-6.5%
6.7%
173
e u n e v e R
n i g r a M & A D T I B E . j
d A
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Margins
Note: • EBITDA Adjusted for ESOPS, Forex Gain/Loss and redundancy costs • Prior period segment numbers are restated to reflect the change in segment effective Q1 FY 26
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Geography wise Revenue
in ₹ Cr
ACCENTS
ISCS Segment (In ₹ Cr.)
GFS Segment (In ₹ Cr.)
Total (In ₹ Cr.)
-0.8%
522
518
+0.4%
175
176
-0.5%
697
694
a i d n I
W o R
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Q1FY25
Q1FY26
+5.8%
1,384
1,465
-5.7%
459
433
+3.0%
1,842
1,898
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Q1FY26
Q1FY25
Q1FY26
Note - Prior period segment numbers are restated to reflect the change in segment effective Q1 FY 26
* Net of eliminations
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Revenue Bridge YoY
Revenue bridge: Q1FY25 to Q1FY26 in ₹ Cr
32
103
124
2,592
2,539
Q1FY25
New BD
Price & Volume Impact
Customer Churns
Q1FY26
New Business development translates to 5% of Q1FY25 Revenues respectively
in ₹ Cr
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Business development efforts yielding consistent results for Q1 FY26
ISCS
One of the biggest
India’s largest
Global Agri Equipment company (USA)
diversified omni- channel retailer (India)
Diversified global tech and entertainment leader (India)
Premium Electric vehicle manufacturer (Asia)
Global consulting-led IT services innovator (India)
European telecom infrastructure services provider (UK)
Global footwear manufacturing and retail company (India)
German engineering and technology conglomerate (Asia)
India based IT services and consulting firm (UK)
Leading personal computing and printing solutions
provider (UK)
One of the top global IT services and consulting company (UK)
GFS
Global commercial
vehicles manufacturer
Global leader in Battery technology
Asian Multinational
food and beverage firm
Global health
supplement and cosmetics firm
International retail
refrigeration equipment provider
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Robust Pipeline gives us the confidence for a double-digit growth
ACCENTS
Key Opportunities in India
Key Opportunities in RoW
Warehousing solution to a diversified kitchen and laundry appliance leader
Integrated solution to a global renewable energy turbine manufacturer
Sourcing and Procurement solution to a UK based ports and logistics operator
Sourcing and Procurement solution to a governmental civil protection body
Near Term Opportunities
Long term opportunities
Integrated solution to an Indian metals' producer
Warehousing solution to a commercial vehicles manufacturer
Packaging solution to an Indian two-wheeler manufacturer
Warehousing solution to a consumer appliances provider
Forwarding solution to a Global mechanical and plant engineering provider
Warehousing solution to an American Electric vehicle manufacturer
Forwarding solution to a global digital commerce software provider
Courier solution to a Europe based healthcare provider
Integrated solution to a defence infrastructure organisation
Procurement solution to a diversified industrial technology and automation leader
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Q1 FY26 Profit & Loss Statement
In INR Cr - Continuing operations Revenue from operations Other Income Total Income Total material related costs Freight, clearing, forwarding and handling charges Sub-contracting costs Employee Cost Other Expenses Foreign exchange loss/(gain) (net) EBITDA EBITDA Margins (%) ESOPS Foreign exchange loss/(gain) (net) One Time Restructuring Cost Adjusted EBITDA Adjusted EBITDA Margins (%) Depreciation of right of use asset Other depreciation & amortisation EBIT (EBITDA less depreciation) Finance cost Interest on lease liabilities Share of profit from TVSILP Profit before Exceptional Items & Tax Exceptional Items Profit before Tax Profit before Tax Margin (%) Tax Profit After Tax PAT Margins (%) PAT (before Exceptional items)
Q1FY25 2,539.4 6.4 2,545.8 488.7 733.3 343.4 576.8 212.6 3.6 181.0 7.1% 0 3.6 0.8 185.3 7.3% 100.9 34.2 45.8 16.9 22.6 1.0 13.8 0.0 13.8 0.5% 6.3 7.5 0.3% 7.5
Q1FY26 2,592.3 8.7 2,601.1 487.4 680.3 377.1 618.9 256.8 -5.3 177.2 6.8% 0.17 -5.3 1.3 173.3 6.7% 93.2 37.3 46.7 17.6 20.3 177.2 194.8 -91.3 103.5 4.0% 32.3 71.2 2.7% 162.5
Y-o-Y 2.1%
2.2%
-2.1%
-6.5%
1.9%
1315.4%
652.0%
852.6%
in ₹ Cr
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C O N F I D E N T I A L
Company Overview
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A tech-driven ISCS with end to end capabilities…
Msys
Visibility
i-ex
Analytics
Product data | Inventory | Procurement
Warehouse management
Transport
Business Intelligence
Sourcing & Procurement
Integrated Transportation
Logistics Operation Centre
In-Plant Logistics Operations
FG & AM Spares Fulfillment
Closed-Loop Logistics & Support
Master Data, e-Catalog, Forecasting & Procurement
Planning & Optimization
Production Support & In-Plant Logistics
Inventory Planning & Optimization, Line Side Delivery
Control Centre & Tracking
Spares, Breakfix, Refurb & Engg. Support
Secondary Transportation
Courier & Consignment Management
Warehouse automation & robotics
Vision technology
IoT
Process Automation
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…And a reliable and efficient GFS…
Global Expertise
E-Connect advantage
Smooth customs clearance
Assured space management
Cost effective shipping
Ocean freight
Air freight
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…with a global business headquartered in India…
ACCENTS
We are present across India
And globally across four continents
Europe
Asia Pacific (incl Oceana)
Jammu and Kashmir
Punjab
Himachal Pradesh
Uttarakhand
Haryana
Delhi
Arunachal Pradesh
Sikkim
Rajasthan
Uttar Pradesh
Assam
Bihar
Gujarat
Madhya Pradesh
Jharkhand
Meghalaya
Tripura
Nagaland
Manipur
Mizoram
Maharashtra
Chhattisgarh
Odisha
West Bengal
Telangana
Goa
Andhra Pradesh
Karnataka
Pondicherry
Tamil Nadu
Kerala
After market warehouse In-plant warehousing Dedicated consumer product & retail warehouse Multi-client facilities Forward stocking location National distribution centre Centre of Excellence (“CoE”) Global control tower
Total warehouse space: 19.9 Mn sft No. of permanent employees: 13,012
Total warehouse space: 2.1 Mn sft No. of permanent employees: 2,571
Total warehouse space: 1.3 Mn sft No. of permanent employees: 734
North America
Total warehouse space: 1.4 Mn sft No. of permanent employees: 484
Note: Warehouse space and employee count data as of 31 Mar 2025
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…and Experienced Management Team
Management Team
R. Dinesh Executive Chairman
Ravi Viswanathan Managing Director
R Vaidhyanathan Global CFO
Regional CEOs
Global Functional leads
Kameswaran Sukumar CEO, India, Middle East & Africa Business
Richard Vieites CEO, Europe & North America Business
Jonathan Croydon EVP, UK & Europe Business
Vittorio Favati CEO, APAC Region & GFS Business
Ethirajan Balaji Global CHRO
Dinesh Narayan Global CIO & Legal
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Strategies for Growth : 3C Approach
We identify opportunities using the ‘C3 Framework’ in the three C’s - Customer, Capability and Country
1
CUSTOMER
2
3
CAPABILITIES
COUNTRY
✓ Deepen our customer relationships
✓ Acquire New Customers
✓ Continued innovation and investment in
technology
✓ Continued focus on delivering value- added solutions and building end-to-end Capabilities
✓ Continue to invest in team, talent, and
partners
✓ Leverage our global network to expand
into new markets
✓ Deepen presence in a country
✓ Continue to grow our global platform through targeted inorganic opportunities
We started with offering single service to a customer and subsequently we have been able to expand this relationship and started to offer bundle of services to them across regions
We have added multiple capabilities over the years in order to continue to enhance our customers supply chain and achieve higher efficiency in our operations throughout the whole supply chain
Over the years we have expanded our geographical presence enabling us to accelerate growth, realize higher revenue and cost synergies and increase margins
Our strategy revolves around ENCIRCLEMENT which focuses on increasing the wallet share of existing customers by generating incremental business by increasing the scope of our services
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Our Medium-Term Outlook
Profit Before Tax Margin (%)
Medium Term Goals
Industry Best-in-Class*
1.9%
4.0%
1.2%
PBT Margin: 8 - 11%
0.4%
0.5%
Q4 FY 25
IFM turnaround
Project One
Operating Leverage
Q4 FY 27
*Profile of Global Peers
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Our Growth Vision
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Deep Domain Expertise
Global Network
Proprietary Technology
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C O N F I D E N T I A L
Region wise segmental historical Overview
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ISCS Outperforming the GDP growth Regionally
in ₹ Cr
De-coupled to GDP growth
Continued Revenue Momentum
Consolidated ISCS Revenue
+13.0%
6,263
7,042
7,515
5,420
4,607
FY21
FY22
FY23
FY24
FY25
Our ISCS business has
outperformed the GDP growth in the market we operate and has
grown at a CAGR of 13.0%
between FY21 & FY25
Consolidated Industry Wise Breakup
26%
17%
28%
9% 1%
4%
16%
FY21
21%
26%
16%
14% 10% 11%
FY25
2%
Industrial
Automotive
Rail and Utilities
Healthcare
Tech and Tech Infra
Others
Consumer
Note - Prior period numbers are restated to reflect the change in segment effective Q1 FY 26
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ISCS – India Business
ISCS India Revenue
India GDP & Manufacturing Growth
+11.6%
2,042
2,145
2,067
1,617
1,331
FY21
FY22
FY23
FY24
FY25
10
5
0
PMI
GDP
9.7%
55.4
54.0
7.0%
56.4
7.8%
59.1
6.8%
58.1
6.3%
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
60
40
20
0
-20
De-Risking with Diversification
Key KPI
17%
44%
14%
19%
2%
4%
FY21
17%
46%
11%
18%
5%
4%
FY25
Industrial
Tech and Tech Infra
Rail and Utilities
Automotive
Consumer
Others
Top 20 Customers Average length of contracts 3.9 Years in FY25
Addition of new contracts & wallet share addition has enhanced the avg. revenue per contract by ~13% CAGR in FY25 over FY21
in ₹ Cr
ISCS India business grew by 11.6% CAGR over the last 4 years, outperforming
the India GDP growth
Outlook :
Strategic portfolio realignment
marginally impacted top line, but drives stronger bottom-line margins;
FY26 to see strong growth momentum
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ISCS – North America Business
ISCS North America Revenue
US GDP & Manufacturing Growth
+20.3%
706
796
992
474
376
FY21
FY22
FY23
FY24
FY25
PMI
GDP
59.1
58.8
51.9
49.2
50.2
5.8%
1.9%
2.5%
2.7%
1.9%
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
10
5
0
60
40
20
0
-20
De-Risking with Diversification
Key KPI
11%
78%
10%
0%
FY21
56%
40%
4%
0%
FY25
Industrial
Automotive
Consumer
Others
Top 20 Customers Average length of contracts 4.2 Years in FY25
Addition of new contracts & wallet share addition has enhanced the avg. revenue per contract by ~33% CAGR in FY25 over FY21
in ₹ Cr
ISCS North America business grew by 20.3% CAGR over the last 4 years, outperforming the US GDP growth
Outlook :
We have witnessed strong and consistent growth in our North
America business. With continued
momentum, we expect this trajectory
to sustain through FY26, further strengthening our global portfolio
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ISCS – Europe Business
ISCS Europe Revenue
UK GDP & Manufacturing Growth
+14.4%
1,874
2,348
2,437
1,770
1,423
FY21
FY22
FY23
FY24
FY25
PMI
GDP
58.9
55.8
50.3
47.9
44.9
8.7%
4.8%
0.4%
1.1%
1.7%
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
10
5
0
60
40
20
0
-20
De-Risking with Diversification
Key KPI
5%
22%
19%
33%
21%
FY21
4%
23%
26%
27%
21%
FY25
Top 20 Customers Average length of contracts 7.0 Years in FY25
Addition of new contracts & wallet share addition has enhanced the avg. revenue per contract by ~16% CAGR in FY25 over FY21
in ₹ Cr
ISCS Europe business grew by 14.4% CAGR over the last 4 years, outperforming
the UK GDP growth
Outlook :
Europe has consistently delivered
growth every year. Setback in Q3 FY25
performance is a one-off event
Industrial
Automotive
Consumer
Rail and Utilities
Others
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IFM Performance
Countries
9
Customers
1,092
Revenue
₹1,852 Crs
FY25
Demonstrated Growth in Revenues*
+7.2%
1,679
1,682
1,802
1,852
1,403
FY21
FY22
FY23
FY24
FY25
Diversified across industries
New Order Wins Continue...
38.8%
20.3%
16.9%
9.7% 7.9% 6.4% FY21
42.0%
23.9%
10.1% 6.3%
12.4%
FY25
5.4%
Technology
Logistics Services
Telecom
Industrial
Financial Services
Others
✓ New order wins for FY25 were strong,
amounting to 36% of our FY21 revenues, reflecting continued growth momentum and successful customer acquisition.
✓ Additionally, we undertook price increases with
significant number of customers during the year, supporting our margin improvement efforts and reinforcing the value we deliver across our services.
Key Highlights
✓Successfully turned around operations by Q4FY25 led by cost
efficiencies and price increases with
customers
✓Revenue continues to be steady on account of new business
development and encirclement
Outlook
Upward growth momentum in both revenue and profitability to continue
driven by operational efficiencies
*Prior period financials presented for Continuing Operations; post classification of Circle Express as discontinued business
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GFS Performance
Revenue from Operations with Impact due to Pricing
World Container Index ($ per 40ft. Container)
3,679
1,074
2,605
3,821
834
2,987
2,169 0
2,169
FY21
FY22
FY23
2,239
2,388
-149
FY24
2,481 195
2,286
FY25
Impact on account of Pricing
Revenue (ex. of pricing)
12000
10000
8000
6000
4000
2000
0
Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25
Volumes
95,678
1,07,576
1,07,278
83,504
91,608
20,946
24,707
30,598
26,458
22,709
FY21
FY22
FY23
FY24
FY25
Ocean (In TEU)
Air (In Ton)
Outlook
1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0
✓ The GFS segment continues to be sensitive to broader macroeconomic fluctuations, which may impact pricing and demand dynamics
✓ Targeted cost reduction initiatives have been implemented to these challenges and will continue to be partially offset implemented, helping to preserve margin stability and enhance business resilience
Note – FY 25 numbers are restated to reflect the change in segment effective Q1 FY 26
36
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Text
33 37 41
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204 222 238
ACCENTS
1
2
3
4
5
6
0
65
120
0
139
201
9
167
156
109
124
255
156
48
128
204
222
238
33
37
41
166
182
64
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Followed
Hyperlink
TABLE
Lines
Highlights
99
183
255
131
217
255
114
248
239
197
203
255
226
161
209
235
242
248
158
168
177
221
228
177
33
37
41
204
222
238
Diverse customer base with long term relationships
Diversified customer base
Long term customer relationships
Consolidated Revenue by customer sector (FY25)
Avg. length of relationships: of top 10 customers in FY25
Others 10.48%
Healthcare 2.00%
Rail and Utilities 7.89%
Consumer 12.75%
Industrial 29.14%
13.2
13.6
Tech and Tech Infra 12.82%
Automotive 24.93%
ISCS
NS
No. of Fortune 500 customers
FY22
61
FY23
72
FY24
78
FY25
91
37
Thank You
Company: TVS Supply Chain Solutions Limited
Investor Relations: Strategic Growth Advisors Pvt. Ltd.
CIN: L63011TN2004PLC054655
www.sgapl.net
CIN: U74140MH2010PTC204285
Mr. Prabhu Hariharan - Head Investor Relations
Email: investor.relations@tvsscs.com
For updates and specific queries, please visit
www.tvsscs.com
Mr. Sagar Shroff / Mr. Ayush Haria
Email: sagar.shroff@sgapl.net / ayush.haria@sgapl.net
+91 98205 19303 / +91 98204 62966