Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — Q1 FY2025 Earnings Presentation
34 slides from Time Technoplast's earnings presentation, Aug 12, 2024
Slide 1: Earnings Presentation cover letter to exchanges
TIME] August 12, 2024 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5" Floor, 1% Floor, New Trading Ring, Plot No. C-1, Block G, Rotunda Building, Bandra — Kurla Complex, P.J. Towers, Dalal Street, Bandra (East), Mumbai — 400 051 Fort, Mumbai — 400 001 Symbol: TIMETECHNO Scri
Slide 2: Earnings Presentation Q1 FY2025
BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 Earnings Presentation Q1 FY2025 ©2024, Time Technoplast Ltd., All Rights Reserved
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Time Technoplast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Financial Highlights
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Slide 5: Q1FY25 Financial Snapshot
Q1FY25 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) PAT (₹ Mn) 13.7% 14.2% +14% +18% +41% 12,307 10,803 1,751 793 1,482 561 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Particulars India Overseas o Value added products grew by 19% in Q1FY25 as compared to Q1FY24, Volume Growth (1
Slide 6: Quarterly Segmental Performance
Quarterly Segmental Performance Polymer Products Composite Products Based on Regulatory reporting Revenue (₹ Mn) and EBITDA Margin (%) Revenue (₹ Mn) and EBITDA Margin (%) 13.3% 13.9% 14.5% 14.9% +13% +17% 7,135 8,027 3,658 4,273 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Established Products Value Added Products
Slide 7: Revenue Breakup Q1FY25
Revenue Breakup Q1FY25 25% 35% 65% 75% Established Products Value Added Products Polymer Products Composite Products Established Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) Polymer Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, pipes, Turf
Slide 8: Key Highlights
Key Highlights ₹ 665 Mn ₹ 383 Mn ₹ 385 Mn Cash Generated from Total debt reduced by – Total CAPEX – Q1FY25 Operating Activities – Q1FY25 Q1FY25 32% 63:37 ₹ 2,000 Mn Composite Cylinders growth Share of Business (India v/s Strong order book- PE Pipes (CNG) – Q1FY25 Overseas) – Q1FY25 ₹ 1,750 Mn ₹ 15.9
Slide 9: Other Highlights
Other Highlights ➢ Continued focus on growth, cost reduction by automation and re-engineering of machineries and moulds, etc. and improvement in working capital cycle which will ultimately enhance net earnings and ROCE ➢ Management's focus on sale of non-core assets is continued and is estimated to
Slide 10: Other Highlights
Other Highlights ➢ Development of technologically advanced TBS (Transparent Container Batteries) and E-Rickshaw batteries in Lead Acid and Lithium, by NED Energy Limited (subsidiary) is under process at their existing unit. TBS is a type of lead-acid battery commonly used in power segment for backup
Slide 11: Company Overview
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Slide 12: Time Technoplast at a Glance
Time Technoplast at a Glance Business Mix (FY24 Total Revenue : Rs. 5,007 Cr.) Industrial Packaging Sales by User Industry 76% 75% (Rs. 3,725 Cr.) 25% (Rs. 1,282 Cr.) 5% 4% Established Products Value-Added Products 6% 31% 12% 12% Industrial Packaging Industrial Packaging - 64% 64% Polymer Drums, Jer
Slide 13: …with over three decades of leadership position
…with over three decades of leadership position Pre IPO (prior to 2007) Post IPO (from 2007) 1992 - 2000 2001 - 2006 2007 - 2010 2011 - 2020 2020 onwards o Incorporated Pvt. Ltd. Co. o Launched Automotive o Got listed on NSE & BSE o Expanded in USA with 3rd o Production facilities in o Green field m
Slide 14: …with dominant market share for our products
…with dominant market share for our products LEADING THROUGH INNOVATION AND TECHNOLOGY Dominant market position with Market leader in 9 out of 11 First to launch Intermediate over 55% market share in countries it operates in Bulk Container (IBC) in India and domestic Industrial packaging. 3rd Larges
Slide 15: …backed by strong fundamentals
…backed by strong fundamentals Well established inhouse R&D team of around 30 Leading Global Time Technoplast Limited (Time Tech) is a people having experience of more than 15 years for Industrial Packaging multinational company and one of the leading upgrading existing and developing futuristic pro
Slide 16: …with diversified product portfolio
…with diversified product portfolio Innovative Polymer Products Industrial Packaging Infrastructure Auto Components • Focus on Innovative & Tech oriented polymer products Drums & Containers Jerry Cans Conipack Pails HDPE Pipes Energy Storage Devices and have several firsts to our credit- • 1st to la
Slide 17: …with wide geographical presence
…with wide geographical presence Manufacturing Presence in 11 Countries to meet local demand | 20 Manufacturing locations in India Baddi Pant Nagar Bhuj Ahmedabad United States Bahrain Ratlam Kolkata Panoli Thailand Jambusar Daman (U.T) Egypt UAE Silvassa Taiwan Talasari Saudi Arabia India Mumbai Pe
Slide 18: …with global marquee clients
…with global marquee clients 17
Slide 19: …with efforts towards sustainable development
…with efforts towards sustainable development 10% Reduction in Carbon Footprint from FY23 Employee Wellness- Medical check-up, Yoga & Stress Management sessions; Developed 10% Green Belt by planting the Employee Welfare Trust to provide trees like Mango, Ashok etc. support Saving of 10% from Renewab
Slide 20: …with contribution for better society and a better tomorrow
…with contribution for better society and a better tomorrow Empowering Rural Development Benefits to Promoting Women Projects underprivileged Sanitation Promoting Providing Benefits to Armed Eradicating Healthcare Education Forces Veterans Hunger 19
Slide 21: Appendix
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Slide 22: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q1FY25 Q1FY24 Y-o-Y FY24 FY23 Y-o-Y Total Income 12,307 10,803 14% 50,066 42,932 17% Total Expenses 10,556 9,321 43,016 37,123 EBITDA 1,751 1,482 18% 7,050 5,809 21% EBITDA Margin (%) 14.2% 13.7% 14.1% 13.5% Finance Cost (Net) 242 264 1,014 1,052 Depr
Slide 23: Product Segment Wise Value and Volume Numbers
Product Segment Wise Value and Volume Numbers Value Volume YoY YoY Particulars Q1FY25 Q1FY24 Unit Q1FY25 Q1FY24 Growth Growth (₹ Mn) (₹ Mn) % % TURNOVER Established Products Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business etc. 8,755 7,819 12.0% M.T. 71,648 62,548 PE Pipes 503
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) FY24 FY23 Particulars (₹ Mn) FY24 FY23 Equity & Liabilities ASSETS Shareholder's Funds Non-Current Assets Share Capital 227 226 Fixed Assets Other Equity 25,301 22,467 Property, Plant & Equipment 12,867 12,989 Total Shareholder's Fund 25,528 22,693 Capit
Slide 25: Consolidated Cashflow
Consolidated Cashflow Particulars (₹ Mn) FY24 FY23 Net cash flow from operating activities 3,048 2,650 Profit before tax & extraordinary items 4,310 3,048 Depreciation 1,726 1,709 Interest 1,014 1,052 Others (83) 55 Working Capital Changes (1,984) (1,506) Tax Payment (920) (656) Net cash used in Inv
Slide 26: Way Forward
Way Forward IBCs growing faster Polymer and Recycling efforts to Chemical production Time Technoplast Composite products encourage shifting from China is the largest and to gain share from sustainability to other Asian major player in metals countries most countries it operates in 25
Slide 27: Market Potential
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Slide 28: Industrial Packaging Industry – Market & Development
Industrial Packaging Industry – Market & Development Market Drivers Emerging Packaging Scenario ▪ The global market for industrial ▪ Shift from metal to polymer packaging due to technical and operational ▪ Multinational companies looking east for lower packaging is estimated to reach advantages and
Slide 29: Focus on Composites
Focus on Composites We are at inflection point Shifting from Tech based products to High-Tech products with focus on Composites • Composite is a material of future replacing metals in high performance applications Type IV CNG Cylinder Cascades Lighter – Carries 220% More Gas • Tectonic shift • Harne
Slide 30: CNG Cylinder : Overall Market Potential
CNG Cylinder : Overall Market Potential Huge revenue potential given India’s low penetration of CNG fuel stations and CNG vehicles Total Estimated Total Estimated Business in Estimated Market Business (Type- Conversion % Business (Rs. Cr.) No. of Years Per Year (Rs. Cr.) IV) per year (Rs. Cr.) CNG C
Slide 31: Value Added Products Recent Developments
Value Added Products Recent Developments Type-III Composite Cylinder for Breathing Air / Medical OXYGEN • Successfully developed Fully Wrapped Carbon Fibre Reinforced (Type-III) Composite Cylinder for Breathing Air/ Medical Oxygen; 1st locally manufactured cylinder to get approval from PESO in India
Slide 32: Value Added Products Under Development
Value Added Products Under Development Hydrogen Cylinder Composite Fire Extinguisher Composite Water Heater for Fuel Cells ▪ Type-IV Carbon wrapped ▪ Made with HDPE inner liner ▪ Made with HDPE inner liner cylinders & glass fibre composite outer ▪ Light Weight, Carbon Neutral winding retains heat fo
Slide 33: Large Global Private Equity Parentage
Large Global Private Equity Parentage Shareholding Pattern (As of 30th June 2024) Shareholders % Domestic Institutional Investors 10.97 30.68% - Tata Mutual Fund - Tata Small Cap Fund 51.56% - HDFC Trustee Company Ltd. A/c HDFC Balanced Advantage Fund 6.79% - HSBC Small Cap Fund - 3p India Equity Fu
Slide 34: Thank You
Company: INVESTOR RELATIONS ADVISORS : TIME TECHNOPLAST LTD. Mr. Himanshu Upadhyay Orient Capital (a division of Link Group) IR@timetechnoplast.com IR@timetechnoplast.com Tel: +91 22 7111 9304 Mr. Viral Sanklecha Mr. Nikunj Jain www.timetechnoplast.com +91 99871 23158 +91 97690 60608 viral.sanklecha