Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — 9M FY2018 Earnings Presentation
19 slides from Time Technoplast's earnings presentation, February 2018
Slide 1: Bringing Polymers to Life - Earnings Presentation 9M / Q3-FY18
BRINGING POLYMERS TO LIFE EARNINGS PRESENTATION - 9M / Q3-FY18
Slide 2: Executive Summary
Executive Summary • Time Technoplast Ltd. (TimeTech) is a Multinational conglomerate and one of the leading manufacturers of diversified range of polymer based products. • Since its inception in 1992, the company has set itself apart from its competition by focusing on research and Overview developm
Slide 3: TimeTech at a Glance
TimeTech at a Glance 3 2 1 Largest producer of Market leader 3rd largest 2nd largest Intermediate Bulk Largest large size plastic in Composite Cylinder Range of drums worldwide 8 out of 9 Container (IBC) manufacturer manufacturer composite cylinder countries worldwide worldwide worldwide (2kg-22kg)
Slide 4: Product Portfolio
Product Portfolio Segment Product range Our Brands Drums & Containers Jerry Cans Conipack Pails HDPE Pipes DWC Pipes Energy Storage Devices Material Handling ESTABLISHED PRODUCTS Mats Fuel Tanks Rain Flaps Disposal Bins Composite Cylinders MOX Films Composite IBCs VALUE ADDED PRODUCTS 4
Slide 5: Q3-FY18 Key Financial Highlights (Consolidated)
Q3-FY18 Key Financial Highlights (Consolidated) Y-o-Y Particulars (INR Mn) Q3-FY18 Q3-FY17 Growth Revenues 7,549 6,712 12.47% EBITDA 1,165 1,028 13.33% EBITDA Margins 15.43% 15.32% 11 Bps PAT 467 365 27.95% PAT Margins 6.19% 5.44% 75 Bps Volume Growth 16% 5
Slide 6: 9M-FY18 Key Financial Highlights (Consolidated)
9M-FY18 Key Financial Highlights (Consolidated) Y-o-Y Particulars (INR Mn) 9M - FY18 9M - FY17 Growth Revenues 21,611 19,453 11.09% EBITDA 3,282 2,925 12.21% EBITDA Margins 15.19% 15.04% 15 Bps PAT 1,250 1,040 20.19% PAT Margins 5.79% 5.35% 44 Bps Volume Growth 15% 6
Slide 7: 9M-FY18 Financial Highlights
9M-FY18 Financial Highlights • Revenue growth achieved 11% (India – 10%; Overseas– 13%) • Volume growth achieved 15% (India – 13%; Overseas– 17%) • India & Overseas Revenue: 9M’FY18 - 70% : 30% (FY2017 - 71% :29%) • India & Overseas EBITDA margins: 9M’FY18 – India 15.38% & Overseas 14.74% (FY2017 -
Slide 8: Strategic Direction towards Value Added Products
Strategic Direction towards Value Added Products Established Products (INR Mn) Value Added Products (INR Mn) Revenue & EBITDA Margins (%) Revenue & EBITDA Margins (%) 17,624 14.44% 2,700 3,987 18.60% 11,400 14.42% 2,500 18.40% 16,678 14.42% 14.40% 18.57% 10,900 14.38% 2,300 18.20% 14.36% 2,100 18.00
Slide 9: 9M-FY18 - Key Operational Highlights
9M-FY18 - Key Operational Highlights Particulars Value (INR Mn) 9M - FY18 9M - FY17 Y-o-Y Established Products Plastic Products 16,185 15,126 7.00% PE Pipes 1,439 1,552 (7.28)% Total (A) 17,624 16,678 5.67% Value Added Products Intermediate Bulk Container (IBC) 2,509 2,216 13.22% Composite Cylinders
Slide 10: 9M-FY18 Operational Highlights
9M-FY18 Operational Highlights • Capacity utilization: Overall 82% (India – 87%; Overseas – 70%) • PE Pipes: Healthy Order Book (~15,000 MT - INR 1,850 Mn) • DWC Pipes: Increasing demand of Double Walled Corrugated (DWC) pipes, orders in hand for 1250 MT (Rs. 150 Mn ) • Composite Cylinders: Started
Slide 11: Consolidated Quarterly Financial Statement
Consolidated Quarterly Financial Statement Particulars (INR Mn) Q3-FY18 Q3-FY17 Y-o-Y Q2-FY18 Total Revenue 7,549 6,712 7,252 12.47% Total Expenses 6,384 5,684 6,154 EBITDA 1,165 1,028 1,098 13.33% EBITDA Margin (%) 15.43% 15.32% 15.14% 11 Bps Depreciation 334 296 324 Finance Cost 210 221 208 PBT 62
Slide 12: Consolidated Nine Months Financial Statement
Consolidated Nine Months Financial Statement Particulars (INR Mn) 9M-FY18 9M-FY17 Y-o-Y FY-17 Total Revenue 21,611 19,453 11.09% 27,568 Total Expenses 18,329 16,529 23,504 EBITDA 3,282 2,925 12.21% 4,065 EBITDA Margin (%) 15.19% 15.04% 15 Bps 14.74% Depreciation 987 830 1,155 Finance Cost 628 685 90
Slide 13: Strategic Direction towards Value Added Products
Strategic Direction towards Value Added Products Established Products Value Added Products Revenue & EBITDA Margins (%)* 4,000 Revenue & EBITDA Margins (%)* 17.70% 30,000 14.32% 17.60% 3,500 14.30% 17.50% 25,000 3,000 14.28% 17.60% 17.40% 14.26% 20,000 14.30% 2,500 17.15% 17.30% 14.24% 2,000 18.57%
Slide 14: Consolidated Financials – Continued Business
Consolidated Financials – Continued Business Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 27,568 1,471 22,192 23,609 3,433 4,065 1,078 1,172 3,212 FY15 FY16 FY17 FY15 FY16 FY17 FY15 FY16 FY17 Total Debt to Equity (x) EPS (INR) ROCE % 14.68% 13.51% 12.88% 0.78 0.64 0.54 6.90 5.66 5.22 FY15 FY16 FY17
Slide 15: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY16 FY17 9M-FY18 Total Revenue 24,248 27,568 21,611 Total Expenses 20,748 23,504 18,329 EBITDA 3,500 4,064 3,282 EBITDA Margin (%) 14.43% 14.74% 15.19% Depreciation 988 1,155 987 Finance Cost 962 901 628 PBT 1,550 2,008 1,667 Tax 325 494
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Mn) FY16 FY17 H1-FY18 Particulars (INR Mn) FY16 FY17 H1-FY18 Equity & Liabilities ASSETS Shareholder's Funds Non-Current Assets Share Capital 210 226 226 Fixed Assets Reserves and Surplus 11,472 13,039 13,629 Tangible Assets 10,203 10,999 11,288 Intangible
Slide 17: Capital Market Information
Capital Market Information Price Data (31st December - 2017) SHAREHOLDING PATTERN AS ON Face Value (INR) 1 31ST DECEMBER 2017 Public Market Price (INR) 207.9 12% Mutual Funds 52 Week H/L (INR) 224.95/86.0 9% Market Cap (INR Mn) 47,006 Promoter 53% FII Equity Shares Outstanding (Mn) 226.1 26% 1 Year
Slide 18: Disclaimer
DISCLAIMER Time Technoplast Ltd. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events n
Slide 19: Thank You
TIME THANK YOU