ALLCARGO GLOBAL LOGISTICS LIMITED
Allcargo Global Logistics Limited
Allcargo was born in 1993 through the entrepreneurial zeal of Mr. Shashi Kiran Shetty, a shipping professional with years of experience in the field. From one office in Mumbai we now have over 140 offices in 66 countries across the world. We operate in three distinct verticals in the logistics space.
Our Logistics Verticals
Multi-Modal Transport Operations In India under the Allcargo brand name Internationally through our 100% subsidiary, ECU Line Container Freight Stations At JNPT
Soon at Chennai and Mundra
More Locations to follow Project Cargo Handling Movement of Project Cargo Foray into Special Cranes, Trailers and Hydraulic Axles
Diversified Portfolio in the Logistics Space offering Multiple Services
Allcargo: Multi Modal Transport Operations
Service Provider offering:
Less than Container Load (LCL) Consolidation Full Container Load (FCL) Freight Forwarding
For both: Export Cargo and Import Cargo
Air Freight
Multiple Services Offered to meet Logistics needs
Our Competitive Advantage
World Wide Network
140 offices in 66 countries Agents at 203 locations in 126 countries
Thought Leader
Pioneered LCL consolidation in India Pioneered Multi City Consolidation in India Expert in Hazardous Cargo Handling
A Global Footprint
Our Competitive Advantage
Strong Systems
Web Based Track and Trace Error Free Operations Flow
Strong Team Trained and Dedicated Professionals Continuous HR initiatives building Entrepreneurial Managers
Value Systems and Ethics
ESOPs and Incentives
Strong Fundamentals
TEUs Handled
DETAILS
2006-07 H1
2005-06 H1
2005-06 ANNUAL
2004-05 ANNUAL
TEUS
13,489
11,487
23,815
25,991
MARGIN / TEU
14,153
14,573
13,078
10,356
Allcargos MTO Business
Volume growth back on track
Sustained profitability levels Pan India Network with 19 offices and 6 franchisees Large customers of shipping lines with large volumes Market Leader since Inception
The ECU Line Acquisition
Relationship as agents since 1995
Became minority partners at Dubai and Singapore Began acquisition in June 2005 with a 33.8% stake Raised it to 49.99% in Jan 2006 Completed 100% acquisition in June 2006 Cash pay-out: 22.8 million and adopted debt of 16.5 million ECU Line is 5 times our size! First Acquisition of its kind in Logistics from India
The ECU Line Business
19 years in the MTO / NVOCC business
Dominant Player in most European markets and Latin America Strong Presence in Africa Growth Opportunities in the US, China and the Far East Well respected brand across the world
The Worlds second largest consolidator
The Global Network
The Integration Process
Restructuring of top management internally: CEO and 5 RCEOs
Appointment of our CFO at Antwerp Global Financial Controller with 5 RFCs Streamlined Financial Management Processes Effective Debt reduced from Euro 20 million in June 2005 to Euro 13.5 million in June 2006
Non Core unprofitable businesses closed
Smooth Integration due to long-standing relationships and mutual trust and respect
Leveraging the Synergies
K P O in the Finance area done in-house Consolidation of accounts
Receivables tracking
Internal Audit Import Documentation Export Documentation Office being set up in Hong Kong
B P O in Documentation outsourced to WNS
Centralized Global Freight Buying
We buy about Rs.1,000 crores of freight every year collateral benefit to the CFS Business
Bringing the India Advantage to ECU Line and Scale advantage to Allcargo
ECU Line Revenues
Total Revenue (Euro'000)
300,000 250,000 200,000 150,000 100,000 50,000 0
Total Revenue 2003 Actual 173,682 2004 Actual 185,797 2005 Actual 218,905 2006 Forecast 240,000 12.91% CAGR 12.91% 173,682 185,797 218,905 240,000
ECU Line Volumes
Total Teus
250,000 200,000 150,000 100,000 50,000
4.15% 189,592 185,750 183,551
214,200
0
Total Teus
2003 Actual 189,592
2004 Actual 185,750
2005 Actual 183,551
2006 Forecast 214,200
CAGR 4.15%
ECU Line Gross Profit
Gross Profit (Euro '000) 100,000 80,000 60,000 40,000 20,000
13.57% 52,906 54,080 61,114 77,500
0
Gross Profit
2003 Actual 52,906
2004 Actual 54,080
2005 Actual 61,114
2006 Forecast 77,500
CAGR 13.57%
ECU Line GP per TEU
Average GP Per Teu (Euro)
400 300 200 100 0
2003 Actual 2004 Actual 2005 Actual Average GP Per Teu (Euro) 279 291 333 2006 Forecast 362
333 279 291
362
CAGR
ECU Air Volumes
Air Export (Including IC) - Tons
6,000 4,000 2,000
236 380 176.71% CAGR 176.71% 3,602 5,000
Air Import (Including IC) - Tons
6,000 4,000 2,000
265 410 2006 Forecast 5,000 166.22% CAGR 166.22% 3,481 5,000
2006 2003 Actual 2004 Actual 2005 Actual Forecast 236 380 3,602 5,000
0
2003 Actual 2004 Actual 2005 Actual Air Import (Including IC) - Tons 265 410 3,481
Air Export (Including IC) Tons
Container Freight Stations
23 Acre CFS at JNPT since 2003
Second highest throughput at Mumbai Highly profitable High Capacity Utilization Favorable Import Export Mix Well maintained, owned equipment
83,214 TEUs in FY 06
105,000 TEUs expected in FY 07
TEUs Handled
DETAILS
2006-07 H1
2005-06 H1
2005-06 ANNUAL
2004-05 ANNUAL
TEUS
51,203
39,069
83,214
57,736
REVENUE / TEU
7,726
7,975
7,916
5,630
MARGIN / TEU
5,003
5,824
5,753
3,884
CFS Projects Under Implementation
CHENNAI
17 Acres acquired
Project expected to be commissioned in 3 months (Feb 07)
50% of land being developed with capacity of 52,000 TEUs p.a.
Strategic Location
60% Capacity Utilization expected in FY 08
CFS Projects Under Implementation
MUNDRA
16 Acres acquired from the Mundra Port Project expected to be commissioned in 3 months (Feb 07) 50% of land being developed with capacity of 52,000 TEUs p.a. 60% Capacity Utilization expected in FY 08
CFS Projects Planned
National Capital Region
Land under Acquisition
Project expected to be commissioned by December 07 Other Locations under study, land acquisition process under way
9 by 2009
Project Cargo Handling
Manage the logistics of movement of Project Cargo; import and export Typically OD OW Cargo Turn Key Projects
Power Plant Project equipment moved from India to Libya
Compressor Module moved from Houston to Bombay High
High potential for growth due to investments in infrastructure
Project Cargo Handling
Foray into Specialized Equipment Hydraulic Axles Trailers for Container Movement Specialized Large Cranes Building capability to handle large and
complex projects
Synergies with other businesses
Our Financials
Year Ended Standalone
Particulars
30.03.2006 (Audited)
30.03.2005 (Audited) 2,321.90 1,789.80 532.1 288.5 249.2
Total Income Total Expenditure EBIDTA Profit before Tax Profit after Tax
2,748.63 2,121.90 626.73 541.26 494.32
Figures in Rs. Millions
Our Financials
Half Year Ended Consolidated Particulars 30.09.2006 30.09.2005 Half Year Ended Standalone 30.09.2006 30.09.2005
(Unaudited)
Total Income Total Expenditure EBIDTA Profit before Tax Profit after Tax Minority Interest 8,075.61 7,415.28 660.33 536.92 453.24 16.26
(Audited)
1,341.82 1,047.38 294.44 247.16 226.64 -
(Unaudited)
1,601.88 1,268.44 333.44 291.79 258.98 -
(Audited)
1,333.49 1,040.16 293.33 246.11 225.91 -
Net Profit
436.88
226.64
258.98
225.91
Figures in Rs. Millions
The Way Forward
Growth in the MTO business through expansion of ECU Line business globally Growth in the CFS business through new CFS ICD Projects
Growth in the Project Cargo Business through foray in specialized equipment
Consolidation of the industry through acquisitions in India and Globally Forecast for FY 07: Consolidated Sales: Rs. 17 bln; PAT: Rs. 950 million
Thank you.
www.allcargoglobal.com www.eculine.net
