Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — Investor Presentation (June 2023)
45 slides from Time Technoplast's investor presentation, June 2023
Slide 1: Investor Presentation June 2023
Investor Presentation June 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 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 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 ▪ 4.2 Lakh units p.a. in India and Capacity: ▪ 9.6 Lakh units p.a. overseas Users: ▪ Petrochemicals, Foods, Solvents, etc. ▪ Space Efficiency, Eliminate Waste, Durability and Features: Eco-friendly. IBC’s Market Si
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: New CNG Business in consonance with Govt.’s policy
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 20: 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 21: 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. 21
Slide 22: 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 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: 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 25: 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 26: 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 27: 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 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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 34: 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 35: 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 36: 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 37: 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 38: Segmental Performance
Segmental Performance Polymer Products* Composite Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 30,000 48,000 13.8% 29,000 28,000 14.2% 14.1% 45,000 13.2% 27,000 26,000 42,000 25,000 24,000 39,000 23,000 36,000 14% 22,000 21,000 25% 33,000 20,000 28,674 YoY 19,000 Yo
Slide 39: 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 40: 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 41: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q4FY23 Q3FY23 Q4FY22 FY23 FY22 Total Income 11,930 11,307 10,404 42,932 36,528 Total Expenses 10,231 9,777 9,003 37,123 31,440 EBITDA 1,699 1,530 1,401 5,809 5,088 EBITDA Margin (%) 14.2% 13.5% 13.5% 13.5% 13.9% Finance Cost (Net) 326 255 226 1,052 92
Slide 42: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) FY23 FY22 Particulars (₹ Mn) FY23 FY22 Equity & Liabilities ASSETS Shareholder's Funds Share Capital 226 226 Other Equity 22,467 20,501 Non-Current Assets Total Shareholder's Fund 22,693 20,727 Fixed Assets Minority Interest 582 534 Property, Plant & Equ
Slide 43: Consolidated Cash Flow
Consolidated Cash Flow Particulars (₹ Mn) FY23 FY22 Net cash flow from operating activities 3,702 2,908 Profit before tax & extraordinary items 3,048 2,594 Depreciation 1,709 1,574 Interest 1,052 920 Others 55 42 Working Capital Changes (1,506) (1,682) Tax Payment (656) (540) Net cash used in Invest
Slide 44: 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 45: 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