Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — Q3 FY2025 Earnings Presentation
38 slides from Time Technoplast's earnings presentation, Feb 11, 2025
Slide 1: Cover letter to stock exchanges
TIME February 11, 2025. 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 Q3 & 9M FY2025
BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 Earnings Presentation Q3 & 9M FY2025 ©2025, 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: 9MFY25 Financial Snapshot
9MFY25 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) PAT (₹ Mn) 14.1% 14.4% +11% +28% +13% 39,915 36,013 5,745 2,784 5,078 2,181 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 Particulars India Overseas o Value added products grew by 17% in 9MFY25 as compared to 9MFY24, Volume Growt
Slide 6: 9MFY25 Segmental Performance (Regulatory Reporting)
9MFY25 Segmental Performance (Based on Regulatory Reporting ) Polymer Products Revenue (₹ Mn) and EBITDA Margin (%) 13.6% 13.9% 36% +9% 23,425 25,456 64% 9MFY24 9MFY25 Composite Products Revenue (₹ Mn) and EBITDA Margin (%) Polymer Products Composite Products 15.0% 15.3% +15% Polymer Products: HM-HD
Slide 7: 9MFY25 Segmental Performance (Business Categorization)
9MFY25 Segmental Performance (Based on Business Categorization) Established Products Revenue (₹ Mn) and EBITDA Margin (%) 27% 12.8% 12.9% +9% 26,638 28,930 9MFY24 9MFY25 73% Value Added Products Revenue (₹ Mn) and EBITDA Margin (%) Established Products Value Added Products 17.8% 18.2% +17% Establish
Slide 8: Q3FY25 Financial Snapshot
Q3FY25 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) PAT (₹ Mn) 14.5% 14.6% +5% +5% +10% 13,266 13,893 1,925 2,022 1,008 916 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Particulars India Overseas o Value added products grew by 13% in Q3FY25 as compared to Q3FY24, Volume Growth (1
Slide 9: Quarterly Segmental Performance (Regulatory Reporting)
Quarterly Segmental Performance (Based on Regulatory Reporting ) Polymer Products Revenue (₹ Mn) and EBITDA Margin (%) 13.9% 13.9% 37% +2% 8,610 8,756 63% Q3FY24 Q3FY25 Composite Products Revenue (₹ Mn) and EBITDA Margin (%) Polymer Products Composite Products 15.6% 15.7% Polymer Products: HM-HDPE p
Slide 10: Quarterly Segmental Performance (Business Categorization)
Quarterly Segmental Performance (Based on Business Categorization) Established Products Revenue (₹ Mn) and EBITDA Margin (%) 13.1% 12.9% 29% +2% 9,690 9,865 71% Q3FY24 Q3FY25 Value Added Products Revenue (₹ Mn) and EBITDA Margin (%) Established Products Value Added Products 18.4% 18.6% Established P
Slide 11: Key Highlights
Key Highlights ₹ 2,850 Mn ₹ 924 Mn ₹ 1,502 Mn Cash Generated from Total Debt reduced by – Total CAPEX – 9MFY25 Operating Activities – 9MFY25 9MFY25 33% 65:35 17.0% Composite Cylinders growth Share of Business (India v/s Return on Capital Employed – (CNG) – 9MFY25 Overseas) – 9MFY25 9MY25. FY24 – 16.
Slide 12: Other Highlights
Other Highlights 1. Qualified Institutional Placement (QIP): Necessary approval including Board & Shareholders for raising of funds by issue of equity shares through Qualified Institutions Placement (QIP) has been obtained for an amount not exceeding ₹1,000 Crores which is valid till November 27, 20
Slide 13: Other Highlights
Other Highlights 7. Type-III Hydrogen Composite Cylinder for Drone Applications: We are pleased to announce that the Company has received an APPROVAL from the Nodal Agency, Petroleum and Explosives Safety Organization (PESO) for the manufacture and supply of HIGH-PRESSURE TYPE-3 FULLY WRAPPED FIBRE
Slide 14: Company Overview
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Slide 15: 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 16: ...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 17: 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 55% market CNG (CNG cascade and on-board application), and share in domestic Industrial packaging. World’s Hydrogen
Slide 18: ...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 19: ...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 20: ...with global marquee clients
…with global marquee clients 19
Slide 21: ...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 22: ...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 21
Slide 23: Appendix
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Slide 24: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q3FY25 Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y Total Income 13,893 13,266 5% 39.915 36,013 11% Total Expenses 11,871 11,341 34,170 30,935 EBITDA 2,022 1,925 5% 5,745 5,078 13% EBITDA Margin (%) 14.6% 14.5% 14.4% 14.1% Finance Cost (Net) 225 249 695 768 Depre
Slide 25: Product Segment Wise Value and Volume Numbers
Product Segment Wise Value and Volume Numbers Value Volume YoY YoY Particulars 9MFY25 9MFY24 Unit 9MFY25 9MFY24 Growth Growth (₹ Mn) (₹ Mn) % % TURNOVER Established Products Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business etc. 26,883 24,846 8.2% M.T. 229,506 203,563 12.7% PE P
Slide 26: 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 27: 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 28: 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 27
Slide 29: Market Potential
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Slide 30: 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 31: 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 32: 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 33: 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 34: Hydrogen Type III Composite Cylinder for Drone Applications
Hydrogen Type III Composite Cylinder for Drone Applications Fly Longer, Higher & Faster ~50% Lighter Than Battery variant* 3 Times More Flying Hours* In single fueling 5 minute Refueling time* Vs 3 hour charging Hydrogen Type III Composite Cylinder time for battery variant 5000+ hours for Fuel cell
Slide 35: Composite – Type III Hydrogen Cylinder for Drone Application
Composite – Type III Hydrogen Cylinder for Drone Application Drone Application – Advantages of Hydrogen V/s Lithium-Ion Batteries Longer Flight Duration Lighter Weight for Energy Storage Hydrogen fuel cells can provide a higher energy density compared to Hydrogen systems generally offer better energ
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: Shareholding Pattern
Shareholding Pattern Shareholders As of 31st Dec 2024 As of 30th Sep 2024 Promoters 51.56% 51.56% Domestic Institutional Investors 13.20% 12.87% - Tata Mutual Fund - Tata Small Cap Fund - HDFC Trustee Company Ltd. A/c HDFC Balanced Advantage Fund - HSBC Small Cap Fund Foreign Institutional Investors
Slide 38: Thank You
Company: INVESTOR RELATIONS ADVISORS : TIME TECHNOPLAST LTD. Mr. Himanshu Upadhyay MUFG Intime India Private Limited IR@timetechnoplast.com IR@timetechnoplast.com Tel: +91 22 7111 9304 A part of MUFG Corporate Markets, a division of www.timetechnoplast.com MUFG Pension & Market Services Mr. Viral Sa