VRL Logistics Limited has informed the Exchange about Investor Presentation
VRL LOGISTICS LTD
Since 1976
R.gd. & Admn. Otticc ! Bengaluru Road Varur HUBBALLI - 581 2O7 Karnataka State Phone : 63661 i9394 Fax : 0836 2)37614 e-mail : varurho@vrllogistics.com
To,
BSE Umited Phiroze Jeeieebhoy Towars DalalStreet Mumbal- 400 001 Scrlp Codes i 539118
Dear Sir / Madam,
Sub: Submlssion of Earnints Prcsentation
NationalStock Exchange ot lndia Limited Exchange Plaza, Plot No.C/l, G-Block, Bandla - Xurla Complex, gandra (E), Mumbai-400 051 Scrip Codes : VRLLOG
With respect to above captioned subject and in accordance with the extant provisions of the SEB| (ListinB Obligations and Disclosure Requirements) Regulations 2O1S and other applicable laws for time being in force, we enclose herewith the Earnints presentation of the Company which would also be hosted on the website ofour Company.
We request you to kindly take note ofthe same
Thankingyou,
For VRL
I.IMITED
ANIRUDDHA P}IADNAVIS COMPANY SECRETARY AND COMPI.IANCE
Date:07.08.2021 Place: Hubballi
Corporat€ Orfice: Giriraj Annexe Circuit House Road l{UBBALLI - 58o 029 Karnataka Phone:0836 2237511 Fax:. Oa36 2256612 e-mail : headoffice@vrllogistics.com Customer C.re : HUBBALLI O 0835 - 23078OO e-mail i custom€r<.re@vrllogirti(r.(om Website: www,vrllogisti(5.(om CIN : 1602't OKA I 983 qLCOOS247 GSTTN (KAR): 29AABCV36O9C1ZJ
VRL Financial Results - Q1 2021-22
Earnings Presentation
August 07, 2021
1
• Certain statements contained in this document may be statements of future expectations/forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results/performance or events to differ materially from those expressed or implied therein.
•The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied is made as to and no reliance should be placed on the fairness accuracy completeness or correctness of the information or opinions contained herein.
•This presentation may contain certain forward looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements is not guarantee of future performance and involve risks and uncertainties and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company presently believes to be reasonable in light of its operating experience of recent years. Many factors could cause the actual results, performance or achievement of the Company to be materially different from any future results performance or achievement and significant factors that could make a difference to the Company’s operations include domestic and international economic conditions changes in government regulations tax regime and other statutes
• None of VRL Logistics Ltd or any of its affiliates advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document.
• This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.
2
A public listed company on NSE & BSE Exchange with a Market capitalization of INR 24.92 billion (as on 30th June, 2021).
A pre dominantly parcel delivery service provider (~90% of total Revenue for FY21) with pan–India last mile connectivity operating through a fleet of 4588 owned Goods transport vehicles complemented by third party hired vehicles on need basis.
Integrated hub-and-spoke operating model which enables optimal aggregation of parcels from a diversified customer base across multiple industries and locations.
Diverse customer base of Corporate, SMEs and traders with exclusive focus on B2B services
Passenger transportation through 291 owned buses of various makes.
Extensive pan India network with presence in 884 locations, Ensuring last mile delivery even in remote locations.
State - of - the – art vehicle maintenance facilities with performance enhancing technological innovations.
Own fuel stations at key locations and tie up with IOCL
Dedicated In house software with own servers and real time data for analysis and MIS
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Market Leader in LTL segment
Operations : 22 States,4 Union Territories,
694 Branches
144 Agencies
46 Strategically placed Hubs
Hub-and-Spoke model to aggregate small parcels and maximize capacity utilization of its vehicles
Efficient operations with largest fleet and a robust pan India network in 884 locations
4
Note : Branch numbers includes hubs
Own Vehicle Numbers
As of
0.5 tons to 2.5 tons
2.5 tons to 7.5 tons
7.5 tons and above
Car Carrier (1)
Available Capacity (tons)
Tanker (2)
Cranes (3)
Total Vehicles Owned
BUSES
TOTAL FLEET
31-Mar-18
31-Mar-19
31-Mar-20
31-Mar-21
30-Jun-21
150
257
312
311
355
960
1009
981
942
949
2765
3004
3428
3289
3249
102
102
0
0
0
52954
64776
70012
68107
67618
17
13
20
20
22
13
13
13
13
13
4007
4398
4754
4575
4588
396
381
337
291
291
4403
4779
5091
4866
4879
Note: (1) Used for transportation of automobiles, converted to HGV’s from 2020. (2) Used for transportation of liquid (3) Cranes are predominantly used for internal operations.
Capacity Breakup as on June 30, 2021
% of total capacity
1.74%
8.71%
7.92%
37.11%
22.47%
21.41%
0.64%
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Goods transportation fleet
Significance of own vehicles
4588 owned vehicles as on
June 30, 2021
4261 (93%) debt free vehicles
Wide range of vehicles with carrying capacity from 1 ton to 36 tons
2499 (54%) of vehicles
are fully depreciated
and operating in
optimal condition
Bus Operations fleet
291 owned vehicles as on June 30, 2021
291 (100%) vehicles are debt free
Enables us to significantly control hiring
and operational costs
Higher payload per vehicle for LTL
consignments
Enables us to cover a large number of
routes and reduce dependence on third
party hired vehicles
Enables better control and time bound
delivery, thereby enhancing service
quality
Bus Operations: Owned vehicles enable
us to provide safe and on time travel
experience
Total of 4879 owned vehicles provides greater advantage in terms of pricing and service
6
1) The above Statement of Unaudited Financial Results for the quarter ended 30 June 2021 ("Financial Results") have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7 August 2021. These Financial Results have been subjected to a limited review by the Statutory Auditors of the Company. These Financial Results are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended.
2) 'These Financial Results are prepared in accordance with the Indian Accounting Standard 34 'Interim Financial (Reporting' (Ind AS) 34, as prescribed under Section 133 of the Companies Act, 2013, ("the Act") read with the relevant Rules thereunder and other accounting principles generally accepted in India..
3) The figures for the quarter ended 31 March 2021 as reported in these Financial Results are the balancing figures between audited
figures in respect of the full financial year ended 31 March 2021 and the published year to date figures up to the end of the third quarter of the previous financial year which were subjected to a limited review.
4) The Segment Information for the quarter ended 30 June 2021 forms an integral part of the Financial Results.
5) Due to COVID-19 pandemic and the consequent lockdown across several States in the country, the Company's operations and financial results for the quarter have been impacted. The Company has continued operations across the country, albeit with limited operations. Similarly, the results for the quarter ended 30 June 2020 were severely affected owing to the initial pan India lockdown enforced by the Central Government. However, in the current quarter, the impact on business was lesser than the first wave witnessed last year, as supply chains were evolved enough to cope with localized and staggered lockdowns.
The financial implications are contingent on the various business parameters which may emerge from time to time and the Company will continue to closely monitor any material changes from those estimated as on the date of adoption of these financial results.
6) Previous period figures have been regrouped / restated wherever considered necessary to conform to the current period classification.
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Consolidated (INR in Lakhs)
TOTAL INCOME
EBITDA
EBITDA Margins(%)
EBIT
EBIT Margins(%)
PBT
PBT Margins(%)
Q1 FY22 (Unaudited)
Q4 FY21
(Audited)
(Refer Note 3)
Q1 FY21 (Unaudited)
FY21 (Audited)
41728.10
60302.13
16240.38
177578.73
3956.57
9850.82
(3155.16)
26035.04
9.48%
188.28
0.45%
(761.83)
(1.83%)
16.34%
(19.43%)
14.66%
6046.86
(7342.94)
10056.03
10.03%
(45.21%)
5.66%
5131.16
(8380.77)
6374.07
8.51%
(51.60%)
3.59%
PAT (excludes comprehensive income)
PAT Margins(%)
(604.18)
3716.44
(6271.49)
4506.79
(1.45%)
6.16%
(38.62%)
2.54%
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(INR in lakhs)
Goods Transport
Particulars
Revenue
EBITDA - After Ind As 116
EBITDA Margin(%)
EBIT- After Ind AS 116
EBIT Margin(%)
30.06.2021 (Unaudited)
Quarter ended
31.03.2021
((Audited)
(Refer Note 3)
30.06.2020 (Unaudited)
Year ended
31.03.2021 (Audited)
38482.59
4306.25
11.19%
1446.95
3.76%
53577.39
10357.27
19.33%
7617.65
14.22%
14823.64
159275.00
(2471.37)
(16.67%)
(5582.07)
(37.66%)
26643.13
16.73%
14727.88
9.25%
(INR in lakhs)
Bus Operations
Particulars
Revenue
EBITDA - After Ind As 116
EBITDA Margin(%)
EBIT- After Ind AS 116
EBIT Margin(%)
30.06.2021 (Unaudited)
Quarter ended
31.03.2021
((Audited)
(Refer Note 3)
30.06.2020 (Unaudited)
Year ended
31.03.2021 (Audited)
1756.83
(383.24)
(21.81%)
(710.82)
(40.46%)
5614.43
(386.74)
(6.89%)
(867.87)
(15.46%)
529.43
(572.85)
(108.20%)
(1078.06)
(203.63%)
13033.56
(575.48)
(4.42%)
(2318.56)
(17.79%)
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(INR in lakhs)
Sale of Power
Particulars
Revenue
EBITDA - After Ind As 116
EBITDA Margin(%)
EBIT- After Ind AS 116
EBIT Margin(%)
30.06.2021 (Unaudited)
Quarter ended
31.03.2021
(Audited)
(Refer Note 3)
30.06.2020 (Unaudited)
Year ended
31.03.2021 (Audited)
554.27
388.67
70.12%
119.12
21.49%
209.14
50.96
24.37%
(225.00)
(107.59%)
479.17
317.86
66.34%
48.31
10.08%
1757.44
1159.03
65.95%
80.83
4.60%
(INR in lakhs)
Transport of Passengers by Air
Particulars
Revenue
EBITDA - After Ind As 116
EBITDA Margin(%)
EBIT- After Ind AS 116
EBIT Margin(%)
30.06.2021 (Unaudited)
Quarter ended
31.03.2021
((Audited)
(Refer Note 3)
30.06.2020 (Unaudited)
Year ended
31.03.2021 (Audited)
350.33
(41.00)
(11.70%)
(95.50)
(27.26%)
294.01
(5.26)
(1.79%)
(41.25)
(14.03%)
107.57
(101.58)
(94.43%)
(150.40)
(139.82%)
1182.37
(270.68)
(22.89%)
(453.20)
(38.33%)
10
Frequent lockdowns in various states in Q1 FY22, slowed down the momentum that was witnessed in Q4 FY21 and April, as the second COVID surge in India hit alarming levels
In spite of the difficulties faced, the impact on business was lesser than the first wave witnessed last year, as supply chains were well evolved enough to cope with localized and staggered lockdowns
As COVID positivity rates subsequently dropped to pre-second wave levels, overall demand has been trending better since last week of June.
Procurement of Bio-fuel @ 13.49% of total quantity increased 8.58% QoQ and decreased 17.54% YoY. (Q4 FY21- 4.91% of total quantity, Q1 FY21– 31.03% of total quantity)
54 new vehicles ( 9 electric vehicles) added during Q1FY22.
Net debt increased from 10144.31 lakhs as on Mar 31, 2021 to Rs 11226.97 lakhs as on June 30, 2021.
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Net Debt to Equity
Gearing Ratio
Note : Debt for the above purpose includes non-current borrowings, current borrowings and current maturities of non current borrowings and Interest accrued but not due on borrowings.
Return metrics
Leverage metrics
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For further discussions/queries please contact :
Sunil Nalavadi Chief Financial Officer +91 93425 59298
cfo@vrllogistics.com