Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — Q4 FY2023 Earnings Presentation
23 slides from Time Technoplast's earnings presentation, Feb 1, 2023
Slide 1: Earnings Presentation Q4 and FY2023
BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 Earnings Presentation Q4 and FY2023 ©2023, Time Technoplast Ltd., All Rights Reserved
Slide 2: Management Commentary
MANAGEMENT C O M M E N TA R Y “The Company has closed the financial year on a strong note with a revenue growth of 18% and has also achieved its highest ever Profit after Tax (PAT) of ₹ 2,191 million. Good demand for Industrial packaging products and overwhelming response for our composite products
Slide 3: Table Of Content
Table Of Content Financial Highlights Company Overview Appendix
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Q4FY23 Financial Snapshot
Q4FY23 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) Particulars India Overseas 5.5% 14.7% 11.0% 21.3% QoQ Growth YoY Growth QoQ Growth YoY Growth Volume Growth (12% YoY) 8% 22% 13.5% 13.5% 14.2% Revenue Growth (15% YoY) 10% 26% 11,930 Revenue Contribution 70% 30% 11,307 1,530
Slide 6: 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 14.7% 14.0% 13.7% 13.4% 10% 26% 7,000 YoY YoY 9,000 6,000 8,006 7,270 Revenue 5,000 Revenue Share 3,917 Share 6,000 4,000 67
Slide 7: 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 13.3% 12.7% 12,000 8,000 18.0% 12% 17.1% 27% 18.00% 9,605 7,000 YoY YoY 9,000 8,573 6,000 Revenue 5,000 Revenue 6,000 Sha
Slide 8: FY23 Financial Snapshot
FY23 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 Marg
Slide 9: 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 10: 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 11: 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 etc. 31,164 27,075 15.1% M.T. 250,025 226,270 PE Pipes 2,046 1,889
Slide 12: FY23 Highlights
FY23 Highlights Total capex in FY23 towards brownfield expansion, maintenance, re-engineering and automation ₹ 2,235 Mn. Established Products ₹ 866 Mn. Value Added Products (mainly towards IBC and CNG expansion) ₹ 1,369 Mn. ▪ Capacity utilization: Overall 82% ▪ Continued focus on improving Working C
Slide 13: FY23 Highlights
FY23 Highlights Industrial Packaging ▪ Greenfield project in Dahej, Gujarat in TPL Plastech Ltd, for IBC Intermediate Bulk Containers (IBCs) along with other industrial packaging products i.e. Drums and Jerry Cans commenced operations in April 2023. ▪ USA continue to show good performance as demand
Slide 14: FY23 Highlights
FY23 Highlights Composite Cylinder- LPG application ▪ Supplies on-going for 0.75 million Type-IV LPG Composite cylinders received from Indian Oil Corporation Limited (IOCL) ▪ Supply for same order quantity to begin for a further period of up to 12 months, on same terms and conditions ▪ Good potentia
Slide 15: FY23 Highlights
FY23 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 cylinder
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 Polymer Products
Innovative and Tech Oriented Products Industrial Packaging Infrastructure Focus on Innovative & Tech Drums & Containers Jerry Cans Conipack Pails HDPE Pipes DWC Pipes Energy Storage Innovative Polymer Products Devices oriented polymer products and have several firsts to our credit- Auto Components a
Slide 19: Appendix
Appendix
Slide 20: 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 21: 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 22: 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 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