Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — Q2 & H1 FY2025 Earnings Presentation
38 slides from Time Technoplast's earnings presentation, Nov 11, 2024
Slide 1: Cover letter to stock exchanges
TIME November 11, 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 Sc
Slide 2: Earnings Presentation Q2 & H1 FY2025
BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 Earnings Presentation Q2 & H1 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: Q2FY25 Financial Snapshot
Q2FY25 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) PAT (₹ Mn) 14.0% 14.4% +15% +18% +40% 13,715 11,945 1,971 984 1,671 704 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Particulars India Overseas o Value added products grew by 21% in Q2FY25 as compared to Q2FY24, Volume Growth (1
Slide 6: Quarterly Segmental Performance (Regulatory Reporting)
Quarterly Segmental Performance (Based on Regulatory Reporting ) Polymer Products Revenue (₹ Mn) and EBITDA Margin (%) 13.6% 14.0% 37% +13% 7,680 8,673 63% Q2FY24 Q2FY25 Composite Products Revenue (₹ Mn) and EBITDA Margin (%) Polymer Products Composite Products 14.8% 15.1% Polymer Products: HM-HDPE
Slide 7: Quarterly Segmental Performance (Business Categorization)
Quarterly Segmental Performance (Based on Business Categorization) Established Products Revenue (₹ Mn) and EBITDA Margin (%) 12.7% 12.8% 28% +13% 8,716 9,806 72% Q2FY24 Q2FY25 Value Added Products Revenue (₹ Mn) and EBITDA Margin (%) Established Products Value Added Products 17.6% 18.3% Established
Slide 8: H1FY25 Financial Snapshot
H1FY25 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) PAT (₹ Mn) 13.9% 14.3% +14% +40% +18% 26,022 22,748 3,722 1,777 3,153 1,265 H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 Particulars India Overseas o Value added products grew by 20% in H1FY25 as compared to H1FY24, Volume Growt
Slide 9: H1FY25 Segmental Performance (Regulatory Reporting)
H1FY25 Segmental Performance (Based on Regulatory Reporting ) Polymer Products Revenue (₹ Mn) and EBITDA Margin (%) 13.4% 13.9% 36% +13% 14,815 16,700 64% H1FY24 H1FY25 Composite Products Revenue (₹ Mn) and EBITDA Margin (%) Polymer Products Composite Products 14.7% 15.0% Polymer Products: HM-HDPE p
Slide 10: H1FY25 Segmental Performance (Business Categorization)
H1FY25 Segmental Performance (Based on Business Categorization) Established Products Revenue (₹ Mn) and EBITDA Margin (%) 27% 12.7% 12.9% +12% 19,065 16,948 H1FY24 H1FY25 73% Value Added Products Revenue (₹ Mn) and EBITDA Margin (%) Established Products Value Added Products 17.3% 18.0% Established P
Slide 11: Key Highlights
Key Highlights ₹ 1,378 Mn ₹ 518 Mn ₹ 940 Mn Cash Generated from Total debt reduced by – Total CAPEX – H1FY25 Operating Activities – H1FY25 H1FY25 34% 65:35 ₹ 1,750 Mn Composite Cylinders growth Share of Business (India v/s Strong order book- PE Pipes (CNG) – H1FY25 Overseas) – H1FY25 ₹ 1,850 Mn ₹ 17
Slide 12: Other Highlights
Other Highlights 1. Qualified Institutional Placement (QIP): Board has considered and approved on October 25, 2024, raising of funds through Qualified Institutions Placement (“QIP”) for an amount not exceeding ₹1,000 Crores in terms of the Securities and Exchange Board of India (Issue of Capital and
Slide 13: Other Highlights
Other Highlights 3. New Manufacturing unit by TPL Plastech Ltd: In the Konkan region of Maharashtra, TPL Plastech Limited (75%), Subsidiary of the Company is setting up Greenfield manufacturing project for Industrial Packaging products i.e., Intermediate Bulk Containers (IBC), Plastic Drums & Jerry
Slide 14: Other Highlights
Other Highlights 10. The company has pre-existing approvals for: LPG, CNG, Oxygen Cylinders & Hydrogen Cylinders 11. Development of technologically advanced TBS (Transparent Container Batteries) and E-Rickshaw batteries in Lead Acid and Lithium, through subsidiary company (NED Energy Limited & Power
Slide 15: Company Overview
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Slide 16: 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 17: …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 18: …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 19: …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 20: …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 21: …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 Taiwan Daman (U.T) Egypt UAE Silvassa Vietnam Talasari Saudi Arabia India M
Slide 22: …with global marquee clients
…with global marquee clients 21
Slide 23: …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 24: …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 23
Slide 25: Appendix
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Slide 26: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q2FY25 Q2FY24 Y-o-Y H1FY25 H1FY24 Y-o-Y Total Income 13,715 11,945 15% 26,022 22,748 14% Total Expenses 11,744 10,274 22,299 19,595 EBITDA 1,971 1,671 18% 3,722 3,153 18% EBITDA Margin (%) 14.4% 14.0% 14.3% 13.9% Finance Cost (Net) 228 255 470 519 Dep
Slide 27: Product Segment Wise Value and Volume Numbers
Product Segment Wise Value and Volume Numbers Value Volume YoY YoY Particulars H1FY25 H1FY24 Unit H1FY25 H1FY24 Growth Growth (₹ Mn) (₹ Mn) % % TURNOVER Established Products Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business etc. 17,709 15,816 12.0% M.T. 145,988 127,658 14.4% PE
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) H1FY25 FY24 Particulars (₹ Mn) H1FY25 FY24 Equity & Liabilities ASSETS Shareholder's Funds Non-Current Assets Share Capital 227 227 Fixed Assets Other Equity 26,597 25,301 Property, Plant & Equipment 12,873 12,867 Total Shareholder's Fund 26,824 25,528 C
Slide 29: Consolidated Cashflow
Consolidated Cashflow Particulars (₹ Mn) H1FY25 FY24 Net cash flow from operating activities 1,874 4,062 Profit before tax & extraordinary items 2,426 4,310 Depreciation 827 1,726 Interest 470 1,014 Others 9 (83) Working Capital Changes (1,342) (1,984) Tax Payment (516) (920) Net cash used in Invest
Slide 30: 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 29
Slide 31: Market Potential
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Slide 32: 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 33: 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 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 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 35: 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 36: Value Added Products Under Development
Value Added Products Under Development Hydrogen Cylinder Composite Fire Extinguisher for Fuel Cells ▪ Type-IV Carbon wrapped ▪ Made with HDPE inner liner cylinders ▪ Light Weight, Carbon Neutral ▪ Light weight (90% weight and 100% recyclable reduction) - provides better fuel economy and better ▪ Hig
Slide 37: Large Global Private Equity Parentage
Large Global Private Equity Parentage Shareholding Pattern (As of 30th September 2024) Shareholders % Domestic Institutional Investors 12.87 28.88% - Tata Mutual Fund - Tata Small Cap Fund 51.56% - HDFC Trustee Company Ltd. A/c HDFC Balanced Advantage Fund 6.69% - HSBC Small Cap Fund 12.87% - 3p Ind
Slide 38: 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
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