Time Technoplast Limited · NSE:TIMETECHNO

Time Technoplast — Investor Presentation (October 2021)

57 slides from Time Technoplast's investor presentation, October 2021

Slide 1: Investor Presentation October 2021
Investor Presentation October 2021 BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 ©2021, Time Technoplast Ltd., All Rights Reserved
Slide 2: Who We Are
Who We Are LEADING THROUGH INNOVATION AND TECHNOLOGY Leading Global Industrial packaging company First to launch Type-IV Composite Cylinder for LPG Dominant market position with over 60% market and CNG (CNG cascade and on-board application) share in domestic Industrial packaging. World’s in India. 2
Slide 5: Time Technoplast at a Glance
Time Technoplast at a Glance Time Technoplast Limited (Time Tech) Strong presence in Asia & MENA Has 14+ recognized brands and Well established inhouse R&D team is a multinational company and one regions with presence in 10 works with >900 institutional of around 30 people having of the leading manu
Slide 6: Board of Directors
Board of Directors Mr. Anil Jain Mr. Bharat Vageria Mr. Raghupathy Thyagarajan Mr. Naveen Jain Managing Director Whole Time Director, Finance Whole Time Director, Marketing Whole Time Director, Technical  Degrees in Science, Engineering  Degree in Commerce and a Fellow  Degree in Science and Mast
Slide 7: Meet The Team
Meet The Team Key Management Personnel Mr. Sandip Modi Mr. Rajendra Badve Mr. Haresh Raghavan Pillay SR. VP Accounts & Corp . Planning Chief Technology Officer Head- Marketing Total exp: 26 years (Time: 25 years) Total exp: 31 years (Time: 11 years) Total exp: 37 years (Time: 13 years) Mr. Sanjeev S
Slide 8: Geographical Presence
Geographical Presence Manufacturing Presence in 11 Countries to meet local demand | 20 Manufacturing locations in India Jammu Head Office Baddi Manufacturing Locations United States Pant Nagar Bahrain INDIA India Bhuj Egypt Taiwan Ahmedabad Ratlam Kolkata Thailand Panoli Jambusar UAE Daman (U.T) Sau
Slide 10: Research and Development
Research and Development Product Re-engineering Continuous efforts towards Process Re-engineering reduction in material and Making processes more energy Dedicated team of more 1% of the total turnover Dedicated lab with state of efficient and using optimized energy consumption. than 30 people for sp
Slide 11: Innovative and Tech Oriented Products
Innovative and Tech Oriented Products Industrial Packaging Infrastructure Drums & Containers Jerry Cans Conipack Pails HDPE Pipes DWC Pipes Energy Storage Innovative Polymer Products Focus on Innovative & Tech Devices oriented polymer products and have several firsts to our credit- Auto Components a
Slide 12: Value Added Products Under Development
Value Added Products Under Development Oxygen Cylinder Composite Air Tanks Hydrogen Cylinder Composite Water Heater for Fuel Cells  Carbon Fibre Reinforced  Air Tank for commercial  Type-IV Carbon wrapped  Made with HDPE inner liner Composite Cylinder Type-III vehicles air brake system cylinders
Slide 14: Established Products - Industrial Packaging
Established Products - Industrial Packaging  TimeTech produces Polymer drums / barrels, Jerry cans and Pails for varied packaging requirements.  The Company uses technologies of polymer processing such as blow moulding, injection moulding and extrusion to produce a wide range of products.  These
Slide 15: Industrial Packaging Industry – Market & Development
Industrial Packaging Industry – Market & Development Market Drivers Emerging Packaging Scenario  Shift from metal to polymer packaging due to technical and operational  Multinational companies looking east for  The global market for industrial advantages and lower costs. lower cost of production.
Slide 16: Established Products - Infrastructure
Established Products - Infrastructure High Density Polyethylene (HDPE) Pipes & Double Wall Corrugated (DWC) Pipes  TimeTech manufactures valve-regulated lead-  HDPE pipes are capable of handling semi-solid & gaseous  Double layer Pipe with outer layer having corrugation and acid (VRLA ) Batteries
Slide 17: Established Products - Technical & Lifestyle
Established Products - Technical & Lifestyle Turf & Matting Disposal Bins Auto Components  TimeTech is one of the leading players in the matting  Disposal Bins a necessity for hygienic life and  Rain flaps consists of unique surface formed by segment. TTL has been delivering value for money made
Slide 18: Value Added Products – Intermediate Bulk Containers - IBC
Value Added Products – Intermediate Bulk Containers - IBC Range:  1,000 Ltr capacity  2.7 Lakh units p.a. in India and Capacity:  8.4 Lakh units p.a. overseas Users:  Petrochemicals, Foods, Solvents, etc.  Space Efficiency, Eliminate Waste, Durability and Features: Eco-friendly. IBC’s Market Si
Slide 19: Value Added Products – Composite Cylinders (LPG)
Value Added Products – Composite Cylinders (LPG) Range:  2kg – 22 kg capacity (largest in the world) Capacity:  1.4 Mn units p.a.  Household, Industrial, Trawlers, Caravans, BBQ, Users: Street Cooking, etc.  Explosion Proof, Non-Corrosive, Light and Efficient, Features: and Low Maintenance.  Re
Slide 20: Value Added Products – MOX Film
Value Added Products – MOX Film Range:  35 to 320 GSM thickness Capacity:  12,000 MT p.a.  Agriculture, Infrastructure, Packaging, Commercial Users: Vehicles and many more  Tear/Puncture Resistant, 100% Waterproof, Features: Weathering Resistant, UV Resistant, and Chemical Resistant.  The size
Slide 21: Time to Change
Time to Change 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  Tectonic shift  Harnessing new growth opportunities in existing business • Launching new
Slide 22: Value Added Products – Type-IV CNG Composite Cylinders
Value Added Products – Type-IV CNG Composite Cylinders Composite Reinforced Shell Robust due to PU End Caps End Boss Carbon Fiber Wrapping Non-permeable liner Increases Gas 70% Lighter Increases Maintenance Metal free / Corrosion Higher Explosion Proof Carrying Capacity In Weight Fuel Efficiency Fre
Slide 24: New CNG Business in consonance with Govt.’s policy to expand use of CNG
New CNG Business in consonance with Govt.’s policy to expand use of CNG CNG Composite Cylinder Applications  CNG Gas Distribution  On – Board Applications  Cascades  Roof Mounted Bus  Mobile Refueling Units  Chassis Mounted Truck  Compressed Bio-Gas Plant  CAB Mounted Truck  Gas Generators
Slide 25: Type-IV CNG Composite Cylinders – Cascade Application
Type-IV CNG Composite Cylinders – Cascade Application Why Move Steel ? Move Gas Instead. 70% Lighter Than Type I Cylinders Type IV CNG Cylinder Cascades 2.2 Times More Gas Lighter – Carries 220% More Gas Per Trip Reduce Per kg CNG transportation cost by almost 50% Type IV CNG Cylinder – Metal Free N
Slide 26: Type-IV CNG Composite Cylinders – Cascade Application
Type-IV CNG Composite Cylinders – Cascade Application Carries DOUBLE the quantity of gas Cuts operations cost by HALF © 2021 Time Technoplast Limited, All Rights Reserved. 26
Slide 27: Type-IV CNG Composite Cylinders – Mobile Refueling Units (MRUs)
Type-IV CNG Composite Cylinders – Mobile Refueling Units (MRUs) India’s First Mobile Refueling CNG Unit with Type-IV Composite Cylinders Virtual inauguration on June 8, 2021 by Mr. Dharmendra Pradhan- Union Minister for Petroleum and Natural Gas  MRUs act as Mobile CNG Stations  Can be parked anyw
Slide 28: Type-IV CNG Composite Cylinders – Onboard Applications
Type-IV CNG Composite Cylinders – Onboard Applications Dump Truck Chassis Mounted Truck CAB Mounted Truck Roof Mounted Bus Boat Car 3 Wheeler 2 Wheeler Approved by PESO and Third party (Bureau Veritas – Europe) in May 2021 for Type-IV cylinder for the first time in India. © 2021 Time Technoplast Lim
Slide 29: Market Potential : CNG Cascades
Market Potential : CNG Cascades New CNG stations allotted in 9th and 10th round 8,181 Number of Cascades required per station 2 Total number of cascades required 16,362 Estimated cost of one cascade (Rs. per cascade) 70,00,000 Total Value of Business in next 8 years (Rs. Cr.) 11,453 Source: Petroleu
Slide 30: Market Potential : Mobile Refueling Units (MRUs)
Market Potential : Mobile Refueling Units (MRUs) Total existing and committed new CNG stations in India by 2024 7,300 Conversion to MRUs (~30%) 2,200 Estimated cost of one cascade (Rs. per cascade) 60,00,000 Total Value of Business in next 4 years (Rs. Cr.) 1,320 Source: Ministry of Petroleum and Na
Slide 31: Market Potential : Compressed Bio-Gas (CBG)
Market Potential : Compressed Bio-Gas (CBG) Total CBG plants by 2023 5,000 Number of Cascades required per plant 2 Total number of cascades 10,000 Estimated cost of one cascade (Rs. per cascade) 60,00,000 Total Value of Business in next 3 years (Rs. Cr.) 6,000 Source: Ministry of Petroleum and Natur
Slide 32: Market Potential : Gas Generators for Telecom Towers
Market Potential : Gas Generators for Telecom Towers Towers- 20% of existing Telecom Towers use gas generators(~1.8 lakhs towers) 32,000 MRUs required (1 MRU for every 4 towers) 8,000 Estimated cost of one cascade (Rs. per cascade) 60,00,000 Total Value of Business in next 4 years (Rs. Cr.) 4,800 So
Slide 33: Market Potential : Onboard Applications – Intracity Bus
Market Potential : Onboard Applications – Intracity Bus No. of buses on road by 2024 2,10,000 Buses converted to CNG (~40% conversion) 85,000 No. of cylinders per Bus 8 Total No. of Cylinders required 6,80,000 Estimated Cost of 156 litre cylinder (Rs. per cylinder) 78,000 Total Estimated value of Bu
Slide 34: 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 Estimated Total Estimated Total Estimated Business in Market Per Year Conversion % Business (Type-IV) Business (Rs. Cr.) No. of Years (Rs. Cr.) per year (Rs. Cr.) CNG Ca
Slide 36: What We Have Achieved
What We Have Achieved  Achieved scale, low revenue  Achieved revenue of ₹3,009 Cr.  Strategic partners worldwide for  Increasing popularity of IBCs due volatility (9% CAGR – 10 y) (USD 412 mn) and PAT of ₹103 Cr. global chemical cos (across 11 to cost effectiveness and better (USD 14 mn) in FY21
Slide 37: How We Achieved It
How We Achieved It 1 2 3 4 Professional and Thrust on innovation Growth funded from Company is at Inflection experienced promoters, Focus on innovation leading Internal accruals point. management team along to introduction of new Raised equity capital only Moving from Tech towards with established i
Slide 38: What We Have Missed
What We Have Missed Economies of scale Working capital days Consolidation of Business ROCEs have remained below our target Working capital days have increased in Consolidation of business and disposal of 20%, implying that we haven‟t last few years due to weak economic of non-core business/ assets o
Slide 39: Key Priorities For Next Few Years
Key Priorities For Next Few Years Maintain Growth Remove Promoters’ Momentum Of The Past Improve ROCE and Enhance Investor Pledge Of Shares and (tapping huge Enhance Shareholders Interaction Disposal of non-core potential in Hi-tech Value business/ assets business) 1 2 3 4 © 2021 Time Technoplast Li
Slide 40: Maintain Growth Momentum Of The Past
Maintain Growth Momentum Of The Past Our aim is to become a Rs. 5000+ Cr. company by Fiscal 25  Core Business- Industrial Packaging  Huge growth opportunities for global industrial packaging market Projected to grow from USD 58.8 Bn in 2020 to USD 72.6 Bn by 2025 (4.3% CAGR)  Chemicals, Pharmaceu
Slide 41: Improve ROCE and Enhance Shareholders Value
Improve ROCE and Enhance Shareholders Value ROCE (%) 19.5% 15.7% 16.0% 13.4% 13.5% 9.1% FY18 FY19 FY20* FY21* FY22E FY25E^ Commitment *Operations were impacted due to Covid-19 ^Business from CNG composites and other Hi-tech products not factored  Target to improve the current ROCE of 13.4% in FY20
Slide 42: Improve share of Value Added Products
Improve share of Value Added Products ₹2,128 Cr. ₹297 Cr. FY16 ₹2,425 Cr. 88% 12% ₹2,413 Cr. ₹596 Cr. FY21 ₹3,009 Cr. 80% 20% ₹4,078 Cr. ₹1,169 Cr. FY25E^ ₹5,247 Cr. Commitment 78% 22% EBITDA Margin range 11-14% 18-22% Established Products Value Added Products Industrial Packaging, PE pipes, Energy
Slide 43: Reduce Working Capital Intensity
Reduce Working Capital Intensity Inventory Days Debtor Days Creditor Days Net Working Capital Days 131 99 90 88 94 86 75 75 80 70 71 70 84 67 67 69 67 60 51 48 48 50 45 41 FY18 FY19 FY20* FY21* FY22E FY25E^ Commitment *Operations were impacted due to Covid-19 ^Business from CNG composites and other
Slide 44: Dispose of Non Core Business/ Assets
Dispose of Non Core Business/ Assets  Focusing on core business and dispose of non-core business/ assets - Management has decided to exit from non-core business of Medical equipments, furniture business and Battery division - Accordingly „Assets held for sale‟ of Rs. 60 Cr., other than Battery divi
Slide 45: Capital Allocation Roadmap: Time To Reward Shareholders
Capital Allocation Roadmap: Time To Reward Shareholders  Internal cash generation remains strong, strengthened with low Fund Flow (₹ Cr.) FY22-25E leverage  Atmanirbhar (self-sufficient): No need for external sources of Profit after tax 1,235 funds Increase in net debt -  Target net debt to equit
Slide 46: Other Key Priorities
Other Key Priorities Remove promoters’ pledge of shares Enhance investor interaction  Reduction in shares pledged  Appointed an Investor Relation Agency and a - It has reduced from 17.8% of Paid-Up Capital dedicated in-house Investor relation team to only 4.2%. - To increase visibility through att
Slide 47: Way Forward
Way Forward Chemical production shifting IBCs growing faster Time is the largest and major player from China to other Asian in most countries it operates in countries Recycling efforts to Polymer and Composite encourage sustainability products to gain share from metals © 2021 Time Technoplast Limite
Slide 49: Strong Revenue Growth and Stable EBITDA Margin
Strong Revenue Growth and Stable EBITDA Margin Revenue (₹ Cr.) EBITDA Margin (%) CAGR 8% 5,247 3,567 3,580 3,630 3,105 3,009 15.3% 15.5% 14.8% 14.5% 14.0% 13.0% FY18 FY19 FY20* FY21* FY22E FY25E^ *Operations were impacted due to Covid-19 ^Business from CNG composites and other Hi-tech products not f
Slide 50: Continued Strong Financial Risk Profile
Continued Strong Financial Risk Profile Interest Coverage Ratio (Times) Total Outside Liabilities / Total Equity (Times) >8.00 5.61 0.90 0.87 5.43 5.34 0.80 4.63 0.69 0.65 4.00 <0.60 FY18 FY19 FY20* FY21* FY22E FY25E^ FY18 FY19 FY20* FY21* FY22E FY25^ Net Debt to EBITDA (Times) Return on Equity (%)
Slide 51: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q1FY22 Q1FY21 FY21 FY20 Total Income 7,547 4,755 30,087 35,803 Total Expenses 6,538 4,213 26,178 30,792 EBITDA 1,009 542 3,909 5,011 EBITDA Margin (%) 13.4% 11.4% 13.0% 14.0% Finance Cost (Net) 234 253 977 1,082 Depreciation 385 375 1510 1,562 PBT 390
Slide 52: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (₹ Mn) FY21 FY20 Particulars (₹ Mn) FY21 FY20 Equity & Liabilities ASSETS Shareholder's Funds Share Capital 226 226 Non-Current Assets Other Equity 18,803 17,925 Fixed Assets Total Shareholder's Fund 19,029 18,151 Property, Plant & Equipment 12,233 1
Slide 53: Historical Consolidated Cash Flow
Historical Consolidated Cash Flow Particulars (₹ Mn) FY21 FY20 Net cash flow from operating activities 2,570 3,012 Profit before tax & extraordinary items 1,422 2,367 Depreciation 1,510 1,562 Interest 977 1,082 Others -25 91 Working Capital Changes -972 -1,466 Tax Payment -343 -624 Net cash used in
Slide 54: Capital Market Information
Capital Market Information Marquee Investors as on 30th June 2021 (% of Total Equity) Promoter 51% NT Asian Discovery Fund 14.3 HDFC Trustee 9.0 16% Public Kapitalforeningen Investin Pro - Dalton 3.5 Grandeur Peak 1.9 22% 11% FIIs and Foreign Life Insurance Corporation of India 1.7 Mutual Funds/ Com
Slide 55: Safe Harbour
SAFE HARBOUR Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 56: For further information, please contact
For further information, please contact: Mr. Digvijay Singh Rathore Mr. Siddesh Chawan Manager – Investor Relations Christensen Advisory +91 22 7111 9304 +91 22 4215 0210 digvijay.rathore@timetechnoplast.com schawan@christensenir.com © 2021 Time Technoplast Limited, All Rights Reserved. “Time Techno
Slide 57: Global Chemical Industry
Global Chemical Industry 2019 Chemical Sales By Country: Top 10 1,488 Chemical Sales (€ billion) For the year 2019, World chemical sales (excluding 543 504 pharmaceuticals) stood at €3,669 Bn registering a 168 119 92 76 74 growth of 4.1% from €3,525 Bn in 2018. 65 49 China EU27 USA Japan South India

Time Technoplast — Investor Presentation (October 2021) on 6ix

Time Technoplast — Investor Presentation (October 2021)

Slide 1: Investor Presentation October 2021

Slide 2: Who We Are

Slide 3: Agenda

Slide 4: Corporate Overview

Slide 5: Time Technoplast at a Glance

Slide 6: Board of Directors

Slide 7: Meet The Team

Slide 8: Geographical Presence

Slide 9: Global Marquee Customers

Slide 10: Research and Development

Slide 11: Innovative and Tech Oriented Products

Slide 12: Value Added Products Under Development

Slide 13: Business / Industry Overview

Slide 14: Established Products - Industrial Packaging

Slide 15: Industrial Packaging Industry – Market & Development

Slide 16: Established Products - Infrastructure

Slide 17: Established Products - Technical & Lifestyle

Slide 18: Value Added Products – Intermediate Bulk Containers - IBC

Slide 19: Value Added Products – Composite Cylinders (LPG)

Slide 20: Value Added Products – MOX Film

Slide 21: Time to Change

Slide 22: Value Added Products – Type-IV CNG Composite Cylinders

Slide 23: Comparative Advantages – Type-IV CNG Composite Cylinders

Slide 24: New CNG Business in consonance with Govt.’s policy to expand use of CNG

Slide 25: Type-IV CNG Composite Cylinders – Cascade Application

Slide 26: Type-IV CNG Composite Cylinders – Cascade Application

Slide 27: Type-IV CNG Composite Cylinders – Mobile Refueling Units (MRUs)

Slide 28: Type-IV CNG Composite Cylinders – Onboard Applications

Slide 29: Market Potential : CNG Cascades

Slide 30: Market Potential : Mobile Refueling Units (MRUs)

Slide 31: Market Potential : Compressed Bio-Gas (CBG)

Slide 32: Market Potential : Gas Generators for Telecom Towers

Slide 33: Market Potential : Onboard Applications – Intracity Bus

Slide 34: CNG Cylinder : Overall Market Potential

Slide 35: Company Updates & Strategic Outlook

Slide 36: What We Have Achieved

Slide 37: How We Achieved It

Slide 38: What We Have Missed

Slide 39: Key Priorities For Next Few Years

Slide 40: Maintain Growth Momentum Of The Past

Slide 41: Improve ROCE and Enhance Shareholders Value

Slide 42: Improve share of Value Added Products

Slide 43: Reduce Working Capital Intensity

Slide 44: Dispose of Non Core Business/ Assets

Slide 45: Capital Allocation Roadmap: Time To Reward Shareholders

Slide 46: Other Key Priorities

Slide 47: Way Forward

Slide 48: Financial Overview

Slide 49: Strong Revenue Growth and Stable EBITDA Margin

Slide 50: Continued Strong Financial Risk Profile

Slide 51: Consolidated Income Statement

Slide 52: Historical Consolidated Balance Sheet

Slide 53: Historical Consolidated Cash Flow

Slide 54: Capital Market Information

Slide 55: Safe Harbour

Slide 56: For further information, please contact

Slide 57: Global Chemical Industry