TPL TRAKKER LIMITED Analyst Briefing FY-2022-23
TPL Trakker
A Market Leader in the Telematics, IIOT & LBS Space across Pakistan
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COMPANY OVERVIEW
Market leader with over 20 years of deep expertise in Telematics, Digital Mapping and Location Services (LBS), and Industrial IoT solutions (IIOT)
- Largest installed base in Vehicle Tracking in Pakistan and growing IIOT portfolio
- Strong presence in UAE with platform to expand across GCC
- Licensed by the Survey of Pakistan, as the nation's only Digital mapping player and collecting, digitizing and mining geospatial data to offer LBS
- Sole licensee by FBR to track transshipment cargo across Pakistan
Leveraging our SaaS based holistic dashboards providing actionable intelligence and cost efficiencies for our clients as we simplify the complexities as they scale
Market Leader in the Telematics across Pakistan
Telematics Market Share
Others,
18%
Falcon - I, | TPL | |
9% | Trakker, | |
42% | ||
V- Tracking, | ||
13% | Tracking | |
Megatech | World, | |
Trackers, | United Track | 5% |
8% | ||
System, 5% | ||
Telematics | Digital Mapping | IIoT | |
Revenue | Equipment Sale + Annual | SaaS model | Enterprise Sales Model |
Monitoring Charges (AMC) | (Solution cost + Annual SLA) | ||
Model | |||
Rental Income per year | |||
In-house | IIoT Sensors Network and | ||
Engineering Expertise | Expertise | ||
Key Strengths | In-house Software | Data Monetisation - From | |
Development Expertise | Trakker & Associated Companies | ||
Top Corporates of Pakistan | Highly Qualified & Experienced | ||
and UAE as clients | Management |
Key Business Highlights
1st Company in Pakistan selling location services and telematics digitally locally
Only local company to be commercially licensing digital mapping data in Pakistan
Largest and blue-chip customer base in Pakistan in Telematics & IIoT
Largest database of geo-coded address in Pakistan - over 6 million
Only Company tracking bonded cargo for Pakistan Customs
PACRA Credit rating of A- and A2 with Stable outlook
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TPL Trakker
A Blue-Chip and Growing Client Portfolio Across Pakistan and the GCC
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Oil & Gas | Pharma | Insurance | Government | FMCGs | Banking | Textiles | Energy / Chem | Logistics | Telcos | LEAs |
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TPL Trakker
Summary Financial Performance Highlights for FY 2022- 2023
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All amount in PKR'000 except EPS
FY 23 | FY 22 | Variance (%) | FY 23 | FY 22 | Variance (%) | |||||||
Standalone | Standalone | Consolidated | Consolidated | |||||||||
Turnover | 2,253,140 | 2,106,469 | 7% | 2,784,560 | 2,342,487 | 19% | ||||||
Operating Profit | 339,817 | 280,449 | 21% | 259,300 | 120,415 | 115% | ||||||
Finance Cost | (535,751) | (311,536) | 72% | (558,736) | (311,907) | 79% | ||||||
(Loss) / Profit | (42,274) | 197,115 | (121%) | (229,033) | 22,864 | (1102%) | ||||||
after Taxation | ||||||||||||
Earnings per share (Rs) | (0.23) | 1.05 | (122%) | (0.86) | 0.61 | (242%) | ||||||
Segment Wise Revenue Performance | FY 23 | FY 22 | Variance (%) | |||||||||
Telematics | 1,018,733 | 1,196,760 | (15%) | |||||||||
Industrial Internet of things (IIOT) | 52,255 | 16,806 | 211% | |||||||||
STE (Customs Project) | 1,040,498 | 695,693 | 50% | |||||||||
Auto Hardware & Navigation | 141,653 | 197,210 | (28%) | |||||||||
Astra Location Services (MAPS) | 150,290 | - | - | |||||||||
TME | 381,130 | 236,018 | 61% | |||||||||
TOTAL | 2,784,560 | 2,342,487 | 19% | |||||||||
Note: Standalone Financials excludes Maps and TME | ||||||||||||
Consolidated Financials excludes inter-company transactions | 4 |
Comments
- 19% Overall Revenue Growth, with significant growth of 3x in IIOT.
- 2.15x improvement in Operating Results owing to improved GP margins.
- Increment of 79% in Finance Cost due to higher KIBOR.
- The STE segment contributed 46% to the topline of the Company.
- Growth in revenue is contributed by both the Company and its subsidiaries.
TPL Trakker
Profit & Loss Statement for FY 2022- 2023
` | All amount in PKR'000 except EPS | |||||||
FY 23 | FY 22 | Variance (%) | FY 23 | FY 22 | Variance (%) | |||
Standalone | Standalone | Consolidated | Consolidated | |||||
Turnover | 2,253,140 | 2,106,469 | 7% | 2,784,560 | 2,342,487 | 19% | ||
Cost of sales | ||||||||
(1,412,374) | (1,360,234) | 4% | (1,715,794) | (1,533,007) | 12% | |||
Gross profit | 840,765 | 746,234 | 13% | 1,068,766 | 809,480 | 32% | ||
Administrative expenses | ||||||||
(388,305) | (359,924) | 8% | (679,822) | (582,262) | 17% | |||
Distribution expenses | ||||||||
(112,643) | (105,861) | 6% | (129,643) | (51,181) | 21% | |||
Operating profit | 339,817 | 280,449 | 21% | 259,300 | 120,415 | 115% | ||
Research and Development expenses | (76,550) | (77,655) | 1% | (86,632) | (77,655) | 12% | ||
Other expenses | ||||||||
(44,676) | (15,422) | 190% | (44,676) | (15,422) | 190% | |||
Finance cost | (535,751) | (311,536) | 72% | (558,736) | (311,907) | 79% | ||
Other income | ||||||||
318,278 | 210,638 | 51% | 250,858 | 196,791 | 27% | |||
Earnings before taxation | 1,118 | 86,474 | (99)% | (179,886) | (87,777) | (105)% | ||
Taxation | (43,392) | 110,641 | 139% | (49,148) | 110,641 | 144% | ||
Earnings after taxation | (42,274) | 197,115 | (121)% | (229,033) | 22,864 | (1102%) | ||
Earnings per Share (Rs) | (0.23) | 1.05 | (122)% | (0.86) | 0.61 | (242%) | ||
Note: Standalone Financials excludes Maps and TME | |
Consolidated Financials excludes inter-company transactions | 5 |
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TPL Trakker Limited published this content on 26 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2023 08:12:03 UTC.
