Thomas Cook (India) Limited · NSE:THOMASCOOK
Thomas Cook (India) — Investor Presentation (December 2003)
38 slides from Thomas Cook (India)'s investor presentation, Dec 17, 2003
Slide 1: Analyst Meet
Analyst Meet Mumbai, December 2003 Ashwini Kakkar CEO & Managing Director
Slide 2: Agenda
Agenda 1. Company 2. Environment 3. Business Review and Developments 4. Financial Performance 5. Summary 2 Private & Confidential
Slide 3: Company
1. Company 2. Environment 3. Business Review and Developments 4. Financial Performance 5. Summary 3 Private & Confidential
Slide 4: Thomas Cook AG
Thomas Cook AG 2nd largest travel group in Europe 3rd largest travel group in the world Operates the world’s largest charter fleet Among the 10 largest airline fleets in Europe Controls the largest travel agency network in Europe - 24 - Large, vertically integrated travel group 4 Private &
Slide 5: Thomas Cook AG
Thomas Cook AG Shareholding Deutsche Lufthansa AG 50% KarstadtQuelle AG 50% Revenue 8.1 billion Euro (financial year 2001/02) Customers 13.2. Million (financial year 2001/02) Employees 28000 Sales Markets 32 tour operators and 3,600 travel agencies Operations in Great Brita
Slide 6: Thomas Cook India
Thomas Cook India UK Germany Share Holding •TC Overseas 60.00% Nepal Egypt Bhutan India Myanmar •SBI 8.33% •UTI 2.66% Sri Lanka •Public 29.01% Maldives Seychelles Mauritius TC in India •121 years in India Board & Committees •54 locations, 16 cities •Board of Directors •1000 employees •Sub Committee
Slide 7: Thomas Cook India
Thomas Cook India Services & Foreign Insurance Exchange Web Leisure Business Travel Shops Travel Call Center Charter Hotels Airlines Best Products Honest Prices 7 Private & Confidential
Slide 8: Thomas Cook India
Thomas Cook India Domestic/ International Air Travel Passport, Visas & Insurance Rail & Car Bookings € Domestic / International Foreign Exchange Hotels A Comprehensive Range65 branches incl. Egypt, Sri Lanka, of Products Mauritius & Indian Ocean Region 1000 graduate employees Emergency Assistance Le
Slide 9: Objective and Guiding Principles
Objective # 1 integrated travel and related services company in all our geographies, in terms of profitability and volumes Guiding Principles Enhance shareholder value Leadership in all business segments Sustained Profitability in consonance with local relevance Customer centric service qual
Slide 10: Corporate Governance
Corporate Governance Ethics & Values Anti Money Codes of Laundering Conduct Policy Winner of the Golden Peacock Award for Corporate Governance for the 2nd consecutive year Information Vigilance System Committees Policy Prevention of Insider Trading Strong Commitment to Values, Business Ethics and Tr
Slide 11: Awards - Year 2002-2003
Awards - Year 2002-2003 Golden Peacock Award for Corporate Governance,2003 TTG Best Travel Agency - First Prize for the Consecutive since 1999 Web Site from ABCI Golden Peacock Award for Corporate Governance, 2002 First Prize for the Calendar from ABCI TATA AIG for Outstanding National Tourism Award
Slide 12: Environment
1. Company 2. Environment 3. Business Review and Developments 4. Financial Performance 5. Summary 12 Private & Confidential
Slide 13: External Environment
External Environment 13 Private & Confidential
Slide 14: Happenings...
Happennings... 14 Private & Confidential
Slide 15: Travelex
Travelex Due to the impending Euro, in 2000 the Wholesale Bank Note Trading business of Thomas Cook was sold to Travelex. Retail foreign exchange and other foreign exchange businesses continue along with travel related business, with Thomas Cook India, in any case, was not part of the small di
Slide 16: TCIL Happenings
TCIL Happenings Satellite Ticket Printing for BSP Thomas Cook India, along with Galileo India, ticketing - Satyam Computers issued the first e-ticket Two new airport counters at the Retract Barriers at Mumbai, Delhi, Bandaranaike International Airport, Sri Lanka Chennai & Bangalore 16 Private & Conf
Slide 17: External Environment
External Environment Indian Tourism Industry expected to grow @ 20% p.a. (WTO) Open sky policies to benefit the customers, with increased capacity Cash rich / time poor customers start to demand quality Indian economy is all set to record a GDP growth of 7% to 8% Rupee appreciation and bui
Slide 18: Challenging Environment - 2002/03
Challenging Environment - 2002/03 Business adversely impacted due to SARS Terrorist attacks at prime tourist destinations Troubled airline industry Stiff competition and price wars Tourism Industry shows resilience Tourist arrivals show a positive trend with 15% growth in 2003 SARS, Wa
Slide 19: Tourist Arrivals show a positive trend
Tourist Arrivals show a positive trend... In Thousand 300 250 200 150 100 50 0 Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- 03 03 03 03 03 03 03 03 03 03 03 Tourist Arrivals Source - Economic Times 19 Private & Confidential
Slide 20: Business Review and Developments
1. Company 2. Environment 3. Business Review and Developments 4. Financial Performance 5. Summary 20 Private & Confidential
Slide 21: Travel Related Services
Travel Related Services No.1 in inbound charter handling, in India with a share of 1/3rd of the market (12 flights a week) No 2. in Outbound Group / Incentive Travel with a share of approximately 25% of the market Leader in business travel services to companies, with a market share of 16% of t
Slide 22: Financial Services
Financial Services Market Leader Only non-banking Authorised Dealer in India SWIFT Membership Distribution Capabilities On sites at banks and corporates Customer access through Call Centre and Web Largest, diversified and unique 22 Private & Confidential
Slide 23: Agenda - 2004
Agenda - 2004 Growth momentum Travel Related Services - 20%, year on year Financial Related Services - 15%, year on year Growth opportunities Travel Related Services Enlarge domestic leisure by growing rail and road tours Outbound charters Enhance reach through new Channels - web, ca
Slide 24: Economics of our Website
Economics of our Website www.thomascook.co.in Sales grew 75% Revenue grew 65% Traffic grew 170% Profitable Website contributes approx 3% to Holidays Sales Partnership with Yahoo India and Rediff.com Sales Breakup : Hotel 4% Insurance Forex 1% 3% Holidays Flights Flights Forex 36% Holiday
Slide 25: Future-proofing the Organisation
Future-proofing the Organisation Management in Chaos • “Best in Class” Management Team • Focus, clear direction, cogent strategies Investments in Technology • Investments of the order of Rs. 20 Crores in setting up our LAN, WAN and upgrading hardware and software over a period of 5 years Ease
Slide 26: Financial Performance
1. Company 2. Environment 3. Business Review and Developments 4. Financial Performance 5. Summary 26 Private & Confidential
Slide 27: Fourth Quarter Performance
Fourth Quarter Performance Year 2002-03 Quarter ended Quarter ended Variance 31st Oct-03 31st Oct-02 Rs. Lacs Rs. Lacs % Revenue 2908 2302 26 Costs 1911 1831 4 Profit Before Tax 997 471 111 Tax 330 200 65 Profit After Tax 667 271 146 PAT up by 146% 27 Private & Confidential
Slide 28: Financial Results
Financial Results Year 2002-03 31st Oct-03 31st Oct-02 Variance Rs. Lacs Rs. Lacs % Revenue 10896 10086 8 Costs 7555 7070 7 Profit Before Tax 3341 3016 11 Tax 1178 1083 9 Profit After Tax 2163 1933 12 Revenue up by 8%, Costs controlled, PAT up by 12% Strong fundamentals and proactive management enab
Slide 29: Hospitality & Tourism Industry Context
Hospitality & Tourism Industry Context 29 Private & Confidential
Slide 30: Performance Review - Earnings Per Share
Performance Review Earning Per Share (of Rs. 10) Rs. 20 14.8 15 13.3 10 6.3 5 0 2001 2002 2003 30 Private & Confidential
Slide 31: Performance Review - Profit Before Tax
Performance Review Profit Before Tax Rs. Lacs 971 997 966 1000 912 911 900 800 722 700 600 471 500 406 400 300 200 100 0 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 2001-02 PBT 2002-03 PBT 31 Private & Confidential
Slide 32: Performance Review - Profitability Ratios
Performance Review Profitability Ratios Oct-03 Oct-02 Net Profit Margin 19.9% 19.2% (% of Revenue) Cash EPS (Rupees) 17.8 16.9 EPS (Rupees) 14.8 13.3 32 Private & Confidential
Slide 33: Performance Review - Share Capital & Reserves
Performance Review Share Capital & Reserves Rs. Lacs 12000 10685 9140 10000 7723 7688 8000 Book Value Per Share 6000 Rs. 4000 Rs. 83.27 90 1458 1458 1458 1458 2000 80 72.5 70 62.1 62.4 0 2000 2001 2002 2003 60 50 Share Capital Reserves 40 30 20 10 0 2000 2001 2002 2003 Book Value Per Share 33 Privat
Slide 34: Performance Review - Cost to Income, Debt Equity
Performance Review Cost to Income Ratio 80 78.2 78 76.3 76 74 72 70.1 Debt Equity Ratio 69.3 0.7 70 0.6 0.6 68 66 0.5 64 0.4 2000 2001 2002 2003 0.3 0.3 0.2 0.2 0.1 0.1 0.0 2000 2001 2002 2003 34 Private & Confidential
Slide 35: Performance Review
Performance Review 35 Private & Confidential
Slide 36: Summary
1. Company 2. Environment 3. Business Review and Developments 4. Financial Performance 5. Summary 36 Private & Confidential
Slide 37: Summary
Summary A strong global brand A strong balance sheet Leadership through values and innovation Diversified one stop organisation for all travel related services TCIL is Resilient and has Operational and Financial Flexibility to Outperform 37 Private & Confidential
Slide 38: www.thomascook.co.in
www.thomascook.co.in
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