Analyst Briefing FY 2022-23
March 2023
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
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Licensed by the Survey of Pakistan, as the country's only licensed 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 | ||
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 rating of A- and A2 with Stable outlook
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TPL Trakker
A Blue-Chip and Growing Client Portfolio
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Oil & Gas | Pharma | Insurance | Government | FMCGs | Banking | Textiles | Energy / Chem | Logistics | Telcos | LEAs |
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TPL Trakker
Financial Performance Highlights for H1 FY23
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All amount in PKR'000 except EPS
H1 FY23 | H1 FY22 | Variance (%) | H1 FY23 | H1 FY22 | Variance (%) | ||||||
Standalone | Standalone | CONS. | CONS. | ||||||||
Turnover | 1,120,629 | 965,503 | 16% | 1,334,784 | 1,085,222 | 23% | |||||
Operating Profit | 166,402 | 78,046 | 113% | 114,694 | 32,386 | 254% | |||||
Finance Cost | (254,559) | (147,173) | 73% | (249,972) | (147,173) | 70% | |||||
Profit / (Loss) | 26,348 | (78,096) | 134% | (56,374) | (130,987) | 57% | |||||
after Taxation | |||||||||||
Earnings per share (Rs) | 0.14 | (0.42) | 133% | (0.15) | (0.54) | 72% | |||||
Segment Wise Revenue Performance | H1 FY23 | H1 FY22 | Variance (%) | ||||||||
Telematics | 523,180 | 520,710 | 0.5% | ||||||||
Industrial Internet of things (IIOT) | 23,182 | 1,891 | 1,126% | ||||||||
STE (Customs Project) | 458,167 | 318,941 | 44% | ||||||||
Auto Hardware & Navigation | 116,100 | 61,977 | 87% | ||||||||
Astra Location Services (MAPS) | 47,093 | 61,984 | (24%) | ||||||||
TME | 167,062 | 119,719 | 40% | ||||||||
Total | 1,334,784 | 1,085,222 | 23% | ||||||||
Note: Standalone Financials excludes Maps and TME
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Comments
- 23% Overall Revenue Growth, with significant growth of 12x in IIOT.
- 2.13x improvement in Operating Results owing to improved GP margins.
- Increment of 73% in Finance Cost due to higher KIBOR.
- Bottom line improvement by 134% and 57% on unconsolidated and consolidated basis respectively.
- Headcount rationalization and BPR across departments to streamline further savings.
TPL Trakker
Key Achievements: Telematics & IIOT (Pakistan)
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Multiple successes in winning Public / Private Sector Projects across Pakistan for tracking & monitoring segments in Pakistan.
Telematics
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Deals finalized with Malik Logistics, Shalimar
Transport, Elivor Pak, Rehmat-e-Shereen,Super Malik Goods Transport, Al Fajar Dairy, MK Gas etc. for fleet tracking and analytics. - Won Tender of Pakistan Kidney and Lever Institute and Faisalabad Waste Management
Company. - Increase our penetration further in financial sector by taking on board First Habib Modarba, First Pak Modarba and Orix Leasing
Pakistan (North). - Signed an agreement with Westgate International and Moiz Ali Trade for container tracking.
IIoT Solutions | Auto Business |
§ Providing Dashcam solution to Daraz. | § HNMPL rate revisions in progress. |
§ Won Tender of Municipal Committee Kamoki, | § Changan Master AVN unit for Alsvin in demo. |
Municipal Committee Okara, Municipal | |
Committee Wazirabad, Municipal Committee | |
Vehari and Municipal Committee Daska. |
- We have provided MDVRs to Fatima Fertilizer and Aslam Energy for their Hauler Flow
Petroleum. - We have provided generator monitoring solutions to MCB Phase II & III for their branches through out Pakistan (c.500 branches covered today).
- We have provided generator monitoring solutions to Telenor Pakistan.
- TME taking the relationship with Veolia to the next stage to provide customized IoT solutions across the UAE
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TPL Trakker Limited published this content on 07 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2023 08:02:03 UTC.