Travel and Financial Services Ecosystem Investment Pitch
Results Background - Q2FY19
Group Consolidated
.
•
•
•
On a comparable basis, consolidated revenue from operations for the quarter increased by 14% y-o-y to Rs. 15.9 bn from Rs. 14 Bn.
Consolidated PBT of core businesses (Travel & Forex) increased to Rs. 143 mn. as against a loss of Rs. 226 mn. on a comparable basis
Performance driven by TCIL standalone entity and Hong Kong operations, coupled with reduction in losses of Destination Management Specialist (DMS) companies
Despite being a lean quarter, the Inbound business saw robust trading with a growth in sales of 12% and increase in other income
TCIL Standalone
•
Revenue from operations for Q2 FY19 increased by 26% y-o-y to Rs. 5.6 bn. from Rs. 4.5 bn.
•
Profit Before Tax for Q2 FY19 increased to Rs. 135 mn. from a loss of Rs. 36 mn. The quarter saw strong performances due to higher sales from MICE (77%),
Corporate Travel (22%) Holiday businesses (11%) and Forex (23%)
• The company incurred a cost of Rs. 25 mn. during the quarter due to new initiatives and one-time cost
Travel & Related Services
•
The revenue from operations from the Travel Businesses increased 15% in Q2 FY19; EBIT registered a growth to 189 mn. from Rs. 21 mn. on a comparable basis
.
The Holidays business registered a sales growth of 16% and MICE a growth of 51% over the same period of the previous financial year
•
The DMS companies reduced their losses during the quarter
Financial Services
•
Forex revenues increased by 16% y-o-y mainly due to:
Continued efforts in the Retail business with a growth in revenue of 11% y-o-y on a comparable basis
The Thomas Cook Borderless Prepaid Card (BPC) with increased sales of 12% y-o-y
Thomas Travel Smooch
26
Cook thomascook InView entire presentation