Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — H1 FY2018 Earnings Presentation
19 slides from Time Technoplast's earnings presentation, 2017
Slide 1: Bringing Polymers to Life – Earnings Presentation H1 / Q2-FY18
BRINGING POLYMERS TO LIFE EARNINGS PRESENTATION – H1 / Q2-FY18
Slide 2: Executive Summary
Executive Summary • Time Technoplast Ltd. (TimeTech) is a Multinational conglomerate and one of the leading manufacturers of diversified range of polymer based products. • Since its inception in 1992, the company has set itself apart from its competition by focusing on research and Overview developm
Slide 3: TimeTech at a Glance
TimeTech at a Glance 3 2 1 Largest producer of Market leader 3rd largest 2nd largest Intermediate Bulk Largest large size plastic in Composite Cylinder Range of drums worldwide 8 out of 9 Container (IBC) manufacturer manufacturer composite cylinder countries worldwide worldwide worldwide (2kg-22kg)
Slide 4: Product Portfolio
Product Portfolio Segment Product range Our Brands Drums & Containers Jerry Cans Conipack Pails HDPE Pipes DWC Pipes Energy Storage Devices Material Handling ESTABLISHED PRODUCTS Mats Fuel Tanks Rain Flaps Disposal Bins Composite Cylinders MOX Films Composite IBCs VALUE ADDED PRODUCTS 4
Slide 5: Q2-FY18 Key Financial Highlights (Consolidated)
Q2-FY18 Key Financial Highlights (Consolidated) Y-o-Y Particulars (INR Mn) Q2-FY18 Q2-FY17 Growth Revenues 7,252 6,541 10.87% EBITDA 1,098 978 12.27% EBITDA Margins 15.14% 14.95% 19 bps PAT 420 356 17.98% PAT Margins 5.79% 5.44% 35 bps Volume Growth 14% 5
Slide 6: H1-FY18 Key Financial Highlights (Consolidated)
H1-FY18 Key Financial Highlights (Consolidated) Y-o-Y Particulars (INR Mn) H1-FY18 H1-FY17 Growth Revenues 14,062 12,742 10.36% EBITDA 2,117 1,898 11.54% EBITDA Margins 15.05% 14.89% 16 bps PAT 783 675 16.00% PAT Margins 5.57% 5.30% 27 bps Volume Growth 13% 6
Slide 7: H1-FY18 Financial Highlights
H1-FY18 Financial Highlights • Revenue growth achieved 11% (India – 9%; Overseas– 12%) • Volume growth achieved 13% (India – 11%; Overseas– 15%) • India & Overseas Revenue: H1-FY18 - 69% : 31% (FY2017 - 71% :29%) • India & Overseas EBITDA margins: H1-FY18 – India 15.27% & Overseas 14.57% (FY2017 - 1
Slide 8: Strategic Direction towards Value Added Products
Strategic Direction towards Value Added Products Established Products (INR Mn) Value Added Products (INR Mn) Revenue & EBITDA Margins (%) Revenue & EBITDA Margins (%) 3,000 18.60% 11,600 11,525 14.44% 2,537 11,500 14.42% 2,500 18.40% 11,400 14.31% 14.40% 18.42% 11,300 2,000 14.38% 1,812 18.20% 11,20
Slide 9: H1-FY18 - Key Operational Highlights
H1-FY18 - Key Operational Highlights Particulars Value (INR Mn) H1-FY18 H1-FY17 Y-o-Y Established Products Plastic Products 10,391 9,960 4.33% PE Pipes 1,134 970 16.90% Total (A) 11,525 10,930 5.44% Value Added Products Intermediate Bulk Container (IBC) 1,642 1,465 12.08% Composite Cylinders 616 347
Slide 10: H1-FY18 Operational Highlights
H1-FY18 Operational Highlights • Capacity utilization: Overall 81% (India – 86%; Overseas – 69%) • DWC Pipes: 9,000 MT capacity commissioned and order execution started • PE Pipes: Healthy Order Book (~12,500 MT - INR 1,500 Mn) • Composite Cylinders: Expansion for Enhancement of capacity from 700 K
Slide 11: Consolidated Quarterly Financial Statement
Consolidated Quarterly Financial Statement Particulars (INR Mn) Q2-FY18 Q2-FY17 Y-o-Y Q1-FY18 Total Revenue 7,252 6,541 10.87% 6,809 Total Expenses 6,154 5,563 5,791 EBITDA 1,098 978 12.32% 1,018 EBITDA Margin (%) 15.14% 14.95% 19 bps 14.95% Depreciation 324 270 328 Finance Cost 208 230 210 PBT 566
Slide 12: Consolidated Half Yearly Financial Statement
Consolidated Half Yearly Financial Statement Particulars (INR Mn) H1-FY18 H1-FY17 Y-o-Y FY-17 Total Revenue 14,062 12,742 10.36% 27,568 Total Expenses 11,945 10,844 23,504 EBITDA 2,117 1,898 11.55% 4,065 EBITDA Margin (%) 15.05% 14.89% 16 bps 14.74% Depreciation 653 534 1,155 Finance Cost 418 464 90
Slide 13: Strategic Direction towards Value Added Products
Strategic Direction towards Value Added Products Established Products Value Added Products Revenue & EBITDA Margins (%)* 4,000 Revenue & EBITDA Margins (%)* 17.70% 30,000 14.32% 17.60% 3,500 14.30% 25,000 17.50% 14.28% 3,000 17.60% 17.40% 14.26% 20,000 14.30% 2,500 17.30% 14.24% 17.15% 15,000 2,000
Slide 14: Consolidated Financials – Continued Business
Consolidated Financials – Continued Business Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 27,568 1,471 22,192 23,609 4,065 1,078 1,172 3,212 3,433 FY15 FY16 FY17 FY15 FY16 FY17 FY15 FY16 FY17 Total Debt to Equity (x) EPS ROCE % 14.68% 13.51% 12.88% 0.78 6.90 0.64 0.54 5.22 5.66 FY15 FY16 FY17 FY15
Slide 15: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY16 FY17 H1-FY18 Total Revenue 24,248 27,568 14,062 Total Expenses 20,748 23,504 11,945 EBITDA 3,500 4,065 2,117 EBITDA Margin (%) 14.43% 14.74% 15.05% Depreciation 988 1,155 653 Finance Cost 962 901 418 PBT 1,550 2,008 1,046 Tax 325 494
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Mn) FY16 FY17 H1-FY18 Particulars (INR Mn) FY16 FY17 H1-FY18 Equity & Liabilities ASSETS Shareholder's Funds Non-Current Assets Share Capital 210 226 226 Fixed Assets Reserves and Surplus 11,472 13,039 13,629 Tangible Assets 10,203 10,999 11,288 Intangible
Slide 17: Capital Market Information
Capital Market Information Price Data (30th September 2017) Mutual Funds Face Value (INR) 1 9% Public 12% Market Price (INR) 194.4 Promoter 52 Week H/L (INR) 211.9/85.0 FII & 53% Foreign Market Cap (INR Mn) 43,963 Company 26% Equity Shares Outstanding (Mn) 226.1 1 Year Avg. trading volume ('000) 670
Slide 18: Disclaimer
DISCLAIMER Time Technoplast Ltd. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events n
Slide 19: Thank You
TIME THANK YOU