Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — Investor Presentation (December 2023)
58 slides from Time Technoplast's investor presentation, December 2023
Slide 1: Corporate Presentation December 2023
Corporate Presentation December 2023 BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 ©2023, 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 3: Time Technoplast At A Glance
Time Technoplast At A Glance Business Mix (FY23 total revenue : Rs. 4,293 Cr.) Industrial Packaging Sales by User Industry Established Industrial Packaging Infrastructure Technical & Lifestyle Polyethylene (PE) Pipes, Energy Turf & Matting, Disposable Bins, Products Polymer Drums, Jerry Cans, Pails
Slide 4: Key Milestones
Key Milestones 1992 - 2000 2001 - 2006 2007 - 2010 2011 - 2020 2020 onwards Turnover ₹1 Bn ₹5 Bn ₹10 Bn ₹15 Bn ₹36 Bn ₹42 Bn 1999 2008 2010 2012 2019 2023 ▪ Incorporated Pvt. Ltd. Co. ▪ Launched Automotive related ▪ Got listed on NSE & BSE ▪ Green field manufacturing set ▪ Expanded in USA with 3rd ▪
Slide 5: Board of Directors
Board of Directors Mr. Bharat Vageria Mr. Raghupathy Thyagarajan Mr. Naveen Jain Managing Director Whole Time Director, Marketing Whole Time Director, Technical ▪ Degree in Commerce and a ▪ Degree in Science and Masters in Degree in Engineering from IIT Delhi Fellow of Institute of Chartered Busines
Slide 6: 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 7: Geographical Presence
Geographical Presence Manufacturing Presence in 11 Countries to meet local demand | 20 Manufacturing locations in India 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) Saudi Ara
Slide 8: Global Marquee Customers
Global Marquee Customers © 2023 Time Technoplast Limited, All Rights Reserved. 8
Slide 9: Established Products - Industrial Packaging
Established Products - Industrial Packaging ▪ Time Tech 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 10: 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 11: Established Products - Infrastructure
Established Products - Infrastructure High Density Polyethylene (HDPE) Pipes Energy Storage Devices ▪ HDPE pipes are capable of handling semi-solid & gaseous effluents and ▪ TimeTech manufactures valve-regulated lead-acid (VRLA ) Batteries conforming has unmatched resistance to corrosive chemicals.
Slide 12: 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 13: Value Added Products – Intermediate Bulk Containers - IBC
Value Added Products – Intermediate Bulk Containers - IBC Range: ▪ 1,000 Ltr capacity ▪ 6.3 Lakh units p.a. in India and Capacity: ▪ 14.4 Lakh units p.a. overseas Users: ▪ Petrochemicals, Foods, Solvents, etc. ▪ Space Efficiency, Eliminate Waste, Durability and Features: Eco-friendly. IBC’s Market S
Slide 14: 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 15: 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 ▪ Tectonic shift ▪ Harnessing new growth opportunities in existing business • Launchin
Slide 16: 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 17: 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 18: Comparative Advantages – Type-IV CNG Composite Cylinders
Comparative Advantages – Type-IV CNG Composite Cylinders Manufacturer: Manufacturer: Manufacturer: Manufacturer: • Everest Kanto Cylinder Ltd. • Nobody in India • Luxfer Gas Cylinders, • Time Technoplast Ltd., India • Rama Cylinders Pvt. Ltd. (Popular in China only) USA • Indoruss Synergy Pvt. Ltd.
Slide 19: Type-IV Cylinders– Sizes and Bar Pressure
Type-IV Cylinders– Sizes and Bar Pressure © 2023 Time Technoplast Limited, All Rights Reserved. 19
Slide 20: 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 21: 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 22: 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 © 2023 Time Technoplast Limited, All Rights Reserved. 22
Slide 23: 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. © 2023 Time Technoplast Lim
Slide 24: 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 25: Geographical Area Allocated to CGDs
Geographical Area Allocated to CGDs S. No CGD Entity Nos. CNG stations % 1 Consortium of AG&P LNG Marketing Pte Ltd. & Atlantic Gulf & Pacific 10 1462 18% 2 Indian Oil Corporation Limited 17 1213 15% 3 Indian Oil-Adani Gas Private Limited 19 876 11% 4 Hindustan Petroleum Corporation Limited 10 864 1
Slide 26: CNG Price Chart
CNG Price Chart Rs./kg CNG prices have started coming down since last one year; A decline of 11.7% from November 2022 Increased price differential compared to other conventional fuel options will drive Auto demand © 2023 Time Technoplast Limited, All Rights Reserved. 26
Slide 27: Recent News articles
Recent News articles ▪ Tata Motors expect 10-12% of its sales to come from CNG vehicles in FY24, up from 6% in FY23. ▪ New launches, price differential with petrol and increased availability of CNG dispensing stations driving demand. ▪ 5,665 CNG distribution outlets were operational in India by end
Slide 28: Recent News articles
Recent News articles 15th August 2023- ET 24th August 2023- ET 29th November 2023- ET ▪ Gas Authority of India Limited (GAIL) plans to add 400 CNG stations in FY24. ▪ Plans to add over a million Piped Natural Gas (PNG) connection in FY24 ▪ Capital expenditure plan of INR 30,000 crore over the next 3
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: 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 31: 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 32: 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 33: 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 34: 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 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 Recent Developments
Value Added Products Recent Developments Composite Air Tank for Heavy Vehicles ▪ The air compressor draws filtered air from the atmosphere and compresses it, storing the compressed air in high-pressure reservoirs. ▪ Currently these reservoirs are made-up of steel which are very heavy & prone to corr
Slide 37: Products Recent Developments
Products Recent Developments WIPRO Hydraulic Tank- 120 Litre ▪ All the tippers with back body tilting arrangement uses hydraulic systems for tilting operation. ▪ Currently Wipro is supplier of this hydraulic system with metal hydraulic oil tank to the Automotive OEM’s. ▪ 1st time in India, Time Tech
Slide 38: Value Added Products Under Development
Value Added Products Under Development Hydrogen Cylinder Composite Water Heater for Fuel Cells ▪ Type-IV Carbon wrapped ▪ Made with HDPE inner liner cylinders & glass fibre composite outer winding retains heat for ▪ Light weight (90% weight longer time. reduction) - provides better fuel economy and
Slide 39: Towards a SUSTAINABLE future with Technology and Transformation
Towards a SUSTAINABLE future with Technology and Transformation Continuous Innovation to create a POSITIVE Environmental Impact Focus on reduction of waste from packaging products by RECYCLE and REUSE Introduction of Multi-Layer Technology for Seal cap Industrial Packaging products (Drums, Jerry can
Slide 40: REBOTTLE & REUSE of IBC with collection system
REBOTTLE & REUSE of IBC with collection system 1 2 3 4 5 Recollect Reuse Reduce Recycle Renew Used IBCs are washed for Established collection Focus on reduction of In Rebottled IBCs, the removal and treatment of a Circular use of plastic centers reduces the resources and energy cage is reconditioned
Slide 41: Focus on ESG for a Sustainable Development
Focus on ESG for a Sustainable Development ▪ 5% Reduction in Carbon Footprint from FY22 ▪ Developed 10% Green Belt by planting the trees like Mango, Ashok etc. ▪ Saving of 5% from Renewable Energy (Solar Power) to Total Electricity Consumption ▪ PAN India units registered under EPR, for reprocessing
Slide 42: Our CSR efforts for a better society and a better tomorrow
Our CSR efforts for a better society and a better tomorrow Empowering Promoting Women Healthcare Rural Providing Development Education Projects Benefits to Benefits to Armed Forces underprivileged Veterans Promoting Eradicating Sanitation Hunger © 2023 Time Technoplast Limited, All Rights Reserved.
Slide 43: Growth Drivers
Growth Drivers ▪ Core Business- Industrial Packaging ➢ Huge growth opportunities for global industrial packaging market Projected to grow from USD 69.5 Bn in 2022 to USD 123.2 Bn by 2032 (5.9% CAGR) ➢ Chemicals, Pharmaceuticals , Food & Beverages etc. expected to grow significantly. ➢ Shift of chemi
Slide 44: Way Forward
Way Forward Chemical production shifting IBCs growing faster from China to other Asian Time is the largest and major player countries in most countries it operates in Polymer and Composite Recycling efforts to products to gain share from encourage sustainability metals © 2023 Time Technoplast Limite
Slide 45: Global Chemical Industry
Global Chemical Industry 2021 Chemical Sales By Country: Top 10 1,729 Chemical Sales (€ billion) For the year 2021, World chemical sales (excluding 594 437 pharmaceuticals) stood at €4,026 Bn. 190 133 104 77 76 58 58 China EU27 USA Japan South India Brazil Taiwan Russia Saudi Korea Arabia 2021 Chemi
Slide 46: FY23 Financial Snapshot
FY 23 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) Particulars India Overseas 17.5% 14.2% YoY Growth YoY Growth Volume Growth (13% YoY) 10% 22% 13.9% 13.5% Revenue Growth (18% YoY) 13% 28% 42,932 36,528 Revenue Contribution 66% 34% 5,809 5,088 EBITDA Margin 13.8% 13.1% PAT Mar
Slide 47: 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 (%) 30,000 54,000 29,000 51,000 28,000 17.1% 17.3% 48,000 13.1% 27,000 26,000 18.00% 45,000 12.4% 25,000 24,000 42,000 23,000 39,000 15% 22,00
Slide 48: Q2 FY24 Financial Snapshot
Q2 FY 24 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%
Slide 49: Strategic Direction towards Value Added Products (Q2 FY 24)
Strategic Direction towards Value Added Products (Q2 FY 24) 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 Rev
Slide 50: 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 51: 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 52: 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 53: Product Segment Wise Value and Volume Numbers
Product Segment Wise Value and Volume Numbers Value Volume YoY YoY Particulars FY23 FY22 Growth Growth Unit FY23 FY22 (₹ Mn) (₹ Mn) % % TURNOVER REGULAR BUSINESS Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business 31,164 27,075 15.1% M.T. 250,025 226,270 etc. PE Pipes 2,046 1,889
Slide 54: 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 55: For further information, please contact
For further information, please contact: Mr. Digvijay Singh Rathore Manager – Investor Relations +91 22 7111 9304 digvijay.rathore@timetechnoplast.com © 2022 Time Technoplast Limited, All Rights Reserved. “Time Technoplast” and The Time Technoplast Logo are trademarks of Time Technoplast Limited. In
Slide 56: Commercial Benefits – Type I vs Type IV
Commercial Benefits – Type I vs Type IV Sr. Steel Cylinder Composite Cylinder Parameter Remarks No Type I Cascade Type IV Cascade 1 Size 75 Litre 156 Litre 2 Number of Cylinders/Cascade 60 Nos 60 Nos Total CNG Carrying Capacity 3 4,500 WLC 9,360 WLC (Water Litre Capacity) Indicative Cost of Cascade
Slide 57: Commercial Benefits – Type I vs Type IV
Commercial Benefits – Type I vs Type IV Sr. Steel Cylinder Composite Cylinder Parameter Remarks No Type I Cascade Type IV Cascade 1 Distance Assumed 100 kms 100 kms Type I Cascade Wt: Running Cost 2 32 30 9702 X 2 = 19404 kg (Rs/km) Type IV Cascade Wt: 5820 kg 3 Cost of Running 100 kms (Rs) 3200 X 2
Slide 58: Commercial Benefits – Type I vs Type IV
Commercial Benefits – Type I vs Type IV Sr. No Parameter Payback period and Savings over 20 years Additional Capex for 9000 Litre CNG 1 16.00 Lakhs transport (Rs) Savings per month in 52 trips 2 1.82 Lakhs (Rs) Payback period 3 Less than 9 months (for Rs 9.00 lakhs extra Capex) Total Savings over a
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