Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — H1 FY2024 Earnings Presentation
23 slides from Time Technoplast's earnings presentation, Nov 10, 2023
Slide 1: Earnings Presentation filing letter to stock exchanges
TIME November 10, 2023 To, , National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor, 1st 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
Slide 2: Earnings Presentation H1 / Q2 FY 2024
BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 Earnings Presentation H1 / Q2 FY 2024 ©2023, Time Technoplast Ltd., All Rights Reserved
Slide 3: Management Commentary
MANAGEMENT C O M M E N TA R Y “We are pleased to report healthy growth in topline and margin in H1FY24 driven by good demand. In the first half of fiscal 2024, on a year-on-year (Y-o-Y) basis, volume grew by 18% and revenues grew by 16% driven by good demand for Intermediate Bulk Containers (IBCs) a
Slide 4: Table Of Content
Table Of Content Financial Highlights Company Overview Appendix
Slide 5: Financial Highlights
Financial Highlights
Slide 6: Q2FY24 Financial Snapshot
Q2FY24 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) Particulars India Overseas 16.6% 10.6% 24.9% 12.7% YoY Growth QoQ Growth YoY Growth QoQ Growth Volume Growth (18% YoY) 19% 14% 13.7% 14.0% 13.1% Revenue Growth (17% YoY) 18% 13% 11,945 10,244 10,803 Revenue Contribution 66% 3
Slide 7: Segmental Performance
Segmental Performance Polymer Products* Composite Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 15,000 10,000 18.00% 9,000 18.00% 12,000 8,000 14.8% 13.6% 13.8% 12.7% 14% 7,000 22% YoY YoY 9,000 6,000 7,680 6,743 Revenue 5,000 4,262 Revenue 6,000 Share 4,000 3,497 Sh
Slide 8: Established Products and Value Added Products
Established Products and Value Added Products Established Products* Value Added Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 15,000 10,000 9,000 12,000 12.7% 8,000 11.8% 17.0% 17.6% 12% 7,000 18.00% 32% 9,000 8,716 YoY 6,000 YoY 7,789 Revenue 5,000 Revenue 6,000 Sha
Slide 9: H1FY24 Financial Snapshot
H1FY24 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) Particulars India Overseas 15.5% 22.2% YoY Growth YoY Growth Volume Growth (18% YoY) 19% 15% 13.1% 13.9% Revenue Growth (16% YoY) 17% 13% 22,748 Revenue Contribution 65% 35% 3,153 2,580 19,695 EBITDA Margin 14.1% 13.4% PAT Ma
Slide 10: Segmental Performance
Segmental Performance Polymer Products* Composite Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 24,000 15,000 14.7% 13.4% 14,000 13.8% 21,000 12.8% 13,000 12,000 18,000 13% 11,000 20% 10,000 14,815 YoY YoY 15,000 9,000 13,066 7,920 8,000 12,000 Revenue 7,000 6,619 Re
Slide 11: Strategic Direction towards Value Added Products
Strategic Direction towards Value Added Products Established Products* Value Added Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 27,000 15,000 14,000 16.9% 17.3% 24,000 18.00% 12.7% 13,000 12.0% 12,000 21,000 12% 11,000 28% 18,000 16,949 10,000 YoY YoY 15,158 9,000 1
Slide 12: Product Segment Wise Value and Volume Numbers
Product Segment Wise Value and Volume Numbers Value Volume YoY YoY Particulars H1FY24 H1FY23 Growth Growth Unit H1FY24 H1FY23 (₹ Mn) (₹ Mn) % % TURNOVER REGULAR BUSINESS Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business etc. 15,816 14,180 11.5% M.T. 127,358 110,712 PE Pipes 1,13
Slide 13: H1FY24 Highlights
H1FY24 Highlights Total capex in H1FY24 towards brownfield expansion, maintenance, re-engineering and automation ₹ 991 Mn. Established Products ₹ 397 Mn. Value Added Products (mainly towards IBC and CNG expansion) ₹ 594 Mn. ▪ Capacity utilization: Overall 80% ▪ Continued focus on improving Working C
Slide 14: H1FY24 Highlights
H1FY24 Highlights Composite Cylinder- LPG application ▪ Supplies ongoing for additional 7.5 lakh Type-IV LPG Composite cylinders order received from Indian Oil Corporation Limited (IOCL). ▪ Good potential in period ahead on account of the Pradhan Mantri Ujjwala Yojana of the Government of India ▪ Co
Slide 15: H1FY24 Highlights
H1FY24 Highlights Composite Cylinder- CNG application (on-board) ▪ Company in discussion with OEMs for supply of Fully Wrapped Carbon Fibre Reinforced Type-IV Composite Cylinder for On Board (vehicle) applications. ▪ Besides the OEMs, who have explicitly expressed their preference for Type-IV cylind
Slide 16: Company Overview
Company Overview
Slide 17: Time Technoplast
Time Technoplast Time Technoplast Limited (Time Tech) is a multinational company and one of the leading manufacturer of technology-based polymer and composite products Strong presence in Asia & MENA regions with presence in 10 different countries outside India Leading Global Industrial Packaging Com
Slide 18: Innovative and Tech Oriented Products
Innovative and Tech Oriented Products Auto Industrial Packaging Infrastructure Innovative Polymer Components Focus on Innovative & Tech Products Drums & Containers Jerry Cans Conipack Pails HDPE Pipes Energy Storage oriented polymer products Devices and have several firsts to our credit- ▪ 1st to la
Slide 19: Appendix
Appendix
Slide 20: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q2FY24 Q2FY23 H1FY24 H1FY23 FY23 Total Income 11,945 10,244 22,748 19,695 42,932 Total Expenses 10,274 8,906 19,595 17,115 37,123 EBITDA 1,671 1,338 3,153 2,580 5,809 EBITDA Margin (%) 14.0% 13.1% 13.9% 13.1% 13.5% Finance Cost (Net) 255 240 519 471 1
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) H1FY24 FY23 Particulars (₹ Mn) H1FY24 FY23 Equity & Liabilities ASSETS Shareholder's Funds Share Capital 226 226 Other Equity 23,435 22,467 Total Shareholder's Fund 23,661 22,693 Non-Current Assets Minority Interest 602 582 Fixed Assets Non-Current Liabi
Slide 22: Consolidated Cash Flow
Consolidated Cash Flow Particulars (₹ Mn) H1FY24 FY23 Net cash flow from operating activities 1,959 3,702 Profit before tax & extraordinary items 1,722 3,048 Depreciation 912 1,709 Interest 519 1,052 Others 24 55 Working Capital Changes (825) (1,506) Tax Payment (394) (656) Net cash used in Investin
Slide 23: Thank You
For further information, please contact: Mr. Digvijay Singh Rathore Thank You Manager – Investor Relations +91 22 7111 9304 digvijay.rathore@timetechnoplast.com Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words